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Tile Markets.

By cable from London we have market a'lvices from July 14 bo July 19bh, as under :— •i GRAIN. The market for wheat on the 18th was depressed, says a Loan and Mercantile . cable, and New Zealand average and lorigberried, were worth respectively 36s and 37s 6d per 4961b5. A Press Association cable of the same date quotes New Zealand long berried firm at 375. Oats on the 17th were quoted—heavy at 28s 6d, ordinary 225. The quantity of wheat t and flour afloat for the United Kingdom is 2,297,000 quarters.; for the Continent, 704,000 quarters. The estimated American visible supply is 18,592,000 bushels. WOOL. 1 On July 16, competition at wool sales was very keen, and merinos, except very faulty scoured, realised prices fully on a par with those ruling at the close of last sales, and in many instances fetched higher prices. Crossbreds had an upward tendency. On the 17th the wool market was excited, and prices for merinos were 5 per cent, higher than those ruling at the close of the May series. The Loan and Mercantile wool cable of July 18, runs :—Since the date of our last telegram (Bth July) medium to superior greasy merino, medium and good scoured I and washed merino, coarse and fine greasy

crossbred, and superior greasy lambs have advanced |-d per 11). Other descriptions are unchanged. There is more spirit amongst buyers. The total quantity ■catn'o^ied to date is 235,000 bales, of whiuii 14,000 bales have been withdrawn. The Press Association cabled on the i9th that wool was unchanged. FROZEN MEAT. On July 17 the Press Association quoted New Zealand mutton at 4|d; lamb, shd ; beef, hind quarters, 3|d, fore quarters 2d. On the 18th the Loan and Mercantile cable was to the effect that the mutton market- had a downward tendency. Canterbury and Wellington mutton was worth respectively 4|d and 4M per Ib. Canterbury lamb was worth s|d per lb. For New Zealand IKeef there was a rather befster demand, with quotations unchanged since last telegram. MONETARY. The total amount of reserve in the Bank of England, on July 18, was £11,716,000. The proportion of reserve to liabilities was 34.72. Consols 96|, New Zealand 4 per cent inscribed stock 104$, 3| do»94£. ■'■-.. MISSGEI/LANBOUS. By latest advices, tallow was in, good [demand, with fine mutton tallow" at 26s 6d, and good/beef at 25s 3d per cwt. Medium N.Z. flax was quoted at £17 per .: Messrs Sclanders and Co., of Christchurch, have just received advices from their agents at Poochow, dated 19th inst, informing them of the departure of the s.s. Guthrie with the first of the new season's teas for New Zealand. She comes via Sydney. They report " this season's crop not so nice in leaf, but strong, rich, and serviceable in liquor."

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG18900722.2.10

Bibliographic details

Tile Markets., Ashburton Guardian, Volume VII, Issue 2471, 22 July 1890

Word Count
464

Tile Markets. Ashburton Guardian, Volume VII, Issue 2471, 22 July 1890

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