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Market Report.

The N.Z. Farmers-' Cooperative "Associations report through their London agent, Messrs W. Weddell and Co., under date London, 7th Mardh-1890. •"*"' Wool.—As indicated in our last issue the first series of sales for 1890 closed on 24th ult, and no, change, in,,the,-,position took place after the departure of last mail. Some 1000 bales have recently been sold by private treaty. Trade generally is good, and the outlook, on the whole, is fairly encouraging 'for next auctions, commencing on 10th April. Arrivals to date for, these sales amount. r to lll,ooO.bales,' of which 12,600 are New Zealand produce. . About'3B,ooo bales have been forwarded 'direct.,., „r '* ' Gkain.—A fortnight of severe,.' wintry 'weather, has given a wholeßoine jjheck !•» vegetation, and has also had the f , effect <-f stimulating the consumptive demand. I i has also tended to improve the condition of English wheat, for which a better trade is reported from most of the country exchanges. , t '-..\ ''rForeign wheat generally, Has met, with more enquiry, both "on the spot #„ and "to arrive," and a good, business has been done at an advance of'3d'to J 6d per quarter; The tone is quieter at the^loae, but the statistical position; isf; encouraging to holders. , ■■•*•. "t-- ; American quotations are higher, and shipments continue small;. Flour, however, still comes,forward freely, .interfering materially with home millers''t£ade: Californian cargoes "are 3d p"er quarter dearer at 36s per 5001bs off rcoast;, -.and for prompt shipment. ' ''-^ An Australian cargo t pri. passage has been sold at 34s 9d per 4801bs c.i.f., U.K., for orders, and a small parcel of the new crop arrived here per steamer has found buyers at 38s 6d per,496lbs ;ex' store. ■ ' : , ■ :' New Zealand on the spot goes steadilyl into consumption—at rather better prices, 1 owing largely to the concentration of sup-, plies. We quote:—Sound long berry, fair to good, 37s 6d to 38s 6d per 4961b5, (ex store) ; sound short berry, fair' to good, 34s to 35s per 4961b5. *' ■ '■ * New Zealand beans are still a drug in the market, and must again be quoted lower,'at.'32s6d per i6o4lbs. \ New' Zealand oats\are nominally worth 3Qs. to 32s per 3841b5, sex store, the;, general market being finftfer£ . { °'' Arrivals —Orient (s) at' Sydney, 49 sacks wheat; Bothwell Castle (s) at-Adelaide, wheat 780 sacks. i

Butter.—With colder weather the 1 trade has been firm for the finer qualities, some of which have advanced in value." -Common or : middling descriptions befng still in very, heavy supply, have remained weak, with a downward tendency in quo- ' tations! ' Americianiand' Canadian* parcels plentiful, &nd|are> f offered" at low J rates \o effect clearances^ Australiari'cbnsignments.being of nice, even quality sell readily. New Zealand shipments continue to arrive in numerous small lines of un,even T quality, mostly inferior, and their 'sale J is "attended with great difficulty; in consequence. The various parcels per Arawa '. (?) have .proved • disappointingly irregular. We quote : —Normandy (per cwt3>loßs to 124 a; .Danish; 116s t0.122s t ; Brittany, ,84s t0.9.85; '^Australian, 90s to 104s ; New Zealand, finej npmina^ly, 90s tojtyQs, ; medium,. 60s to 80s ;'inferior. 35s to 50s '• grease, 30s to 132s>6d/ - ; CHBESE'—Hasrecently met a steady de- 1 •mand, but Very little. New-Zealand^ has been available. "?"; ' ' Hemp.—The ; v, "i : . 1 ri! ibV-Y~' the past fortnight.". -.\. : ■ ■•<«: ■'" «i; li ■■.:".; any spirit, and the small quai^uiiea calalogued have been' only partiatly^clfeared at prices showing a further', decline of* about £1| to £2 per ton. Quotations arevalm'ost nominal at £27. to-£3o.for.fine, Auckland, £24 to £25 for good-Wellingtpn,,£22i to £23.for.fair WeUingtonj £20 ,tp £21; for common.. S.everal ;-..'iv-K Vi'-u^it. |to arrive, have been r/vi'*.-! l-y l-'i\,is in consequence of non4dhesioribj sellers to the strict letter of their contracts: : ■ ;_«*;• Frozen-Meats. —The cold weather of the past fortnight has naturally tended to strengthen the market for all descriptions of fresh meat. Home fed mutton having been somewhat scarce has improved' in value, but owing to milder weather yesterday and to-day does not close at its .best. Beef has also been firm, 'anjd latterly !the lightness of. supplies \of; sAmerican has enabled holders of New Zealand and Australian beef to make satisfactory progress with sales. As regards frozen muttk>n^ c the demand has been steady throughout;, and, as stooks are within moderate compass, it has been found possible to obtain an occasional advance in price. Latterly, • however, the 'change^in the weather has checked sales. New Zealand lamb hassold readily at full rates owing to its comparative scarcity. The provincial markets have been firm. ',-, •' >v,'".., >?~'^ • Folio wing, are Smithfield quotations :— •/ Prime mutton, Scotch,css to 5s 8d ;peir 81bs ; English, 5s toss od; foreign, 4fe4d to ss; New Zealand, 3s 2d to 3s 4d; secondary, 3s to,3s Id ; inferior, 2s lOd ; prime New Zealand lamb, 4s 6d to £s; prime River Plate mutton, 2s 8d to 2s lOd, secondary, 2s 6d to 2s 7d; prime Sydney, ; 2s 8d to 2s lOd ; prime Queensland, 2s 9d to 2s lOd ; secondary,. 2s.Bd ,• New Zealand beef, hindquarters, 2sAlod to j3s ; f orequarters, 2s 8d; Queensland, hindquarters, 2s lOd. »

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG18900424.2.18

Bibliographic details

Market Report., Ashburton Guardian, Volume VII, Issue 2409, 24 April 1890

Word Count
820

Market Report. Ashburton Guardian, Volume VII, Issue 2409, 24 April 1890

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