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LONDON MARKETS.

. » . The New Zealand Farmers Co-opera-tives Association report through their London Agents; Messrs W. Weddel and Co., under date London, 22nd March 1890:— Wool.—During the past fortnight the tone of the market has not been well ;-" maintained. Strikes and threats of strikes have disconcerted buyers in the manufacturing districts and have, atleasb temporarily, disorganised trade- The most important strikes have now, however, been brought, to a termination, and with a full resumption of work an eariy recovery of confidence may reasonably be anticipated. American demand for worsteds has been unusually dull, pending the readjustment of the tariff in the United States, and this factor has not been without its influence upon the markec. Arrivals for the next series commencing 10th prox. amount to some 217,000 bales of which 24,000 are from New Zealand. We enclose a copy of a circular just issued by Messrs Buxton, Ronald and Co., dealing with the subject of selling wool in the colonies. The questions -therein raised are well worthy of the attention of shippers. Grain. —The mild weather of the past fortnight has enabled farmers to push on . their field work, and spring sowing is now progressing well. The Autumn sown wheat, is now strong and healthy. The increase of foreign shipments and the mildness of the weather have together served to depress the market which closes dull with a general decline of 6d per quarter. Stocks, however, are moderate - at the principal ports. Californian cargoes "offcoast" have declined 6d per quarter to 35s 6d per 500 -lbs, and " for prompt shipment " 3d per. quarter to 34s 9d. American quotations are maintained • above the U.K. level, but shipment of flour go on at a rate' which greatly interferes with the trade of home millers. Australian attracts but little attention for arrival, and only one cargo has been reported sold, viz,., 9000 qrs. iron, Feb- , ruary bill of lading, sold at 34s 6d, adecline of 3d per quarter. On the spot 38s 6d per 4961bs was paid for a fine parcel of new wheat, ex steamer from South Australia. New Zealand is in small compass on the spot but the arrival of the " Kylemore " and " Auckland " will bring fresh supplies into the market within the next few days. Prices are weaker on the fortnight, especially in the case of longberried which has been relatively dear. We quote :—Sound long berry, fair to good, 36s 6d and 37s 6d per 4961bs ; ex - store, sound short berry, fair to good, 33s 6d and 34s 6d per 4961b5. Off Coast.—The Chili (from Lyttelton, • 4,500qr5) has been sold at 34s l|d per 4Solbs, c.i.f. for Plymouth; and on passage the Achievement (from Lyttelton, 3,600qr5) at 34s to United Kingdom for orders. N.Z. Beans are neglected and quota- „, .tions ...quite nominal at 32s and 33s per oO4lbs ex store. „ , , - - ' N.Z. Pats dull at; 6d to 9<l per quarter less money. Jleayy nominally worth 30s W\d 31s per 3841bs ex store. „. Arrivals. -"-Kylemore, from Lytfcelfcon, B,79osacks wheat; Auckland, from Lyttelton, 9,272 sacks wheat, 230 sacks beans

Waitangi, from Wellington, 1,011 Backs I barley ; Zealandia, from Wellington, 528 sacks barley. ' Butter. —With heavy stocks of inferior American and Canadian, low qualities of New Zealand have remained very slow of sale. Choice parcels, however, have continued to sell steadily. We quote :— Normandy, 90s to 96s per cwt; Danish, 110s to 120s; Brittany, 84s to 965; Australian, 90s to 104s ; New Zealand, fine, 90s to 100s ; medium, 46s to 88s ; grease, 30s to 40s. CHEESE.-r-The general market has been firm, fine American making 52s to 545. New Zealand being generally indifferent | in quality has not made more than 34s to 44s per cwt. Hemp.—Prices have continued to recede, but a slight improvement in manilla has imparted a firmer tone to New Zealand parcels at the close. Good Auckland, £27 10a to £29. Fair Lyttelton, £23 to £25; fair Wellington, £21 to £22 ; common, £19 to £20 per ton. Fbozen Meats.—The market has been only lightly supplied with home-fed mutton and beef, and relative values have been fully maintained. American beef, on the other hand, has been very plentiful and rates have given way sharply on several occasions, closing materially lower on the fortnight. The weather has been mild throughout and unfavorable to the demand. Frozen mutton owing to its comparative shortness has been, on the whole well supported, and within the past day or two—in consequence of the late arrival of the Fifeshire and Rimutaka —a distinct advance has been established. Heavy arrivals are, however, close at hand, and unless the demand improves, lower prices may have to be accepted. New Zealand beef has been in small supply, and not always saleable. Provincial markets irregular, as a result of strikes at Liverpool docks and in coal centres. ( Smithfield quotations.—Prime Scotch mutton, 5s 2d to 6s 8d per 81bs ; prime English do. 4s lOd to 5s 6d per 81bs ; prime foreign do. 4s to 4s 8d per 81bs; prime New Zealand do. 3s 3d to 3s 5d per 81bs; secondary do. do. 3s Id to 3s 2d per 81bs inferior do. do. 3s per 81bs ; prime New Zealand lambs, 4s 8d to 4s 10d*per 81bs ; secondary do. 4s to 4s 4d per 81bs ; prime River Plate mutton, 2s 9d to 3s per 81bs; secondary do.' do. 2s 7d to 2s 8d per 81bs ; prime Sydney do. 2s 9d to 2s lid per 81bs ; prime Queensland do. nominal, 2s lid per 81bs ; secondary do. do. none; N.Z. beef, hindquarters, 2s 9d to 3s per 81bs ; do. forequarters, 2s 7d to 2s 8d per 81bs; Queensland beef, hinds, 2s lOd per 81ba.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG18900505.2.19.4

Bibliographic details

LONDON MARKETS., Ashburton Guardian, Volume VII, Issue 2421, 5 May 1890

Word Count
936

LONDON MARKETS. Ashburton Guardian, Volume VII, Issue 2421, 5 May 1890

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