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THE MARKETS.

The New Zealand Farmers' Co-operative , Association report through their London j agent under date London, July 25th s— | Wool—The third series of auctions, which opened on 24th June, closed last night. The attendance of buyers was good throughout, all branches of the trade being well represented. The improved tone alluded to m our last report was well maintained until within the last day or two, when there was a slight loss of keenness m the competition. Merino values, except for wasty and inferior parcels, close on a somewhat higher level than that ruling during the preceding sales, but the fluctuations m prices were unusually marked, line, light crossbreda have held a strong position all through, while the lower cranes, which were weak at first, subsequently recovered, and at the termination of the sales were fully up to May rates. Fair and middling crossbreds have been the most neglected. About 100,000 bales have been held over for the September auctions, for which the fresh arrivals to date amount to 117,000 bales (47,000 bales from New Zealand). Wheat—The weather, though brighter upon the whole than during the previous fortnight, has not been so propitious as is desired at this Beason. Heavy rainstorms have beaten down the crops m many districts, and the nights have been too cold to admit of their maturing quickly. Similar complaints are heard from France, Germany, and Holland, and probably the amount of damage done is greater m those countries than m the United States. The unpromising outlook has stimulated the demand for wheat; and although it has flagged at times under the bright sunshine, the market has been generally firm, and must be quoted 8d to Is per qr dearer. France is still the keenest buyer for cargoes off coast and near at hand. Californians have been taken for that destination at.3Bs to 38s 3d for 6001bs, c.i.f., an advance of 6d to 9d per qr, but only maintain their previous ralue of 37s 6d for prompt shipment. Australians m forward position show a similar improvement, 38s 3d per 4801bs, c.i.f., having been paid for a cargo of 5000 qrs off coast for St. Malo. Cargoes nearly due are worth 38s, but the distant ones are neglected. New Zealand cargoes are also m request, and the exceptionally high figure of 378 U.K. equal with extra freight to about 38s per 4801bs, c.ilf., to St. Nazaire, was paid on 22nd inst., for a cargo of 8250 qrs, f.a.q., per Lady Cairns. In our local market the large arrivals have been taken very freely at full prices to supply the place of English wheat, supplies of which are now nearly exhausted m many of the country districts. Closing quotations show a further advance of fully 6d per qr. We quote as follows for New Zealand wheat, vie. :—Sound long berried, fair to good, 37s to 38s per 4961b5, ex store ; sound short berried, fair to good, 36s 6d to 37s per 4961b3, ex store. New Zealand Beans —Unchanged at 33s per 5041b5, ex store. New Zealand Oats have met a better demand, and have advanced Is per qr for the best qualities. Current value, ex store, ia 26s to 28s per 3841b5. New Zealand Barley—A parcel of medium quality of the new crop, ex Matatua (s), sold at 35s 6d per 4481b5, ex store. The market closes steady. Cheese —The market has remained dull for all kinds. New Zealand consignments have been of somewhat indifferent quality, and values have barely been maintained at say 42s to 50s for best, and 34s to 40s for secondary and inferior qualities. HempStocks are excessive and sales are made slowly at about previous rates. Fair Auckland is worth £20 10s to £21 5s per ton; good Wellington £20 10s to £21 10s per ton; common Wellington £17 15s to £18 10s par ton ; Lyttelton about £19 to £20 10s per ton. Tow £6 15s per ton. Frozen Mcnts, etc.—The market for home-fed mutton and beef has remained dull and values have receded slightly, although supplies have been by no means excessive. The weather last week was against the trade, but latterly an improvement has set m which has tended to impart some more life into the enquiry. The volume of the general demand is, however, lessening steadily as Is customary at this time of the year. Arrivals of American beef have been lighter, the heavy ;10-*smi incurred by importers during June and early July having led to the cancelling ami non-renewal of contracts for space m the refrigerating steamers. Values have consequently improved materially within the past few days. The provincial markets for all kinds of frozen meats have been better than the London market, but the consumption of mutton and lamb has been somewhat restricted of late. Current quotations m Smithfield Market are as follows ;—

Per 8 lbs s. d. s. d. Prime Scotch mutton 5 0 to 5' 4 „ English „ 4 6 „ 5 0 „ Foreign „ 3 10 „ 4 8 „ New Zealand mutton... 2 11 „3 2 Secondary „ „ ... 28,, 210 Inferior , 2 6 „ 2 7 Prime „ lamb ... 3 6 „ 4 0 Secondary „ „ ... 30„ 3 4 Prime River Plate mutton ... 2 6 „ 2 8 Secondary „ „ ... 00,, 2 4 Prime Sydney „ ... 00 „ 2 7 „ Queensland „ ... none .. New Zealand beef, fores 1 6 „ 1 10 „ „ „ hinds 2 4 „ 2 8 „ Queensland „ hinds 0 0„ 2 5

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http://paperspast.natlib.govt.nz/newspapers/AG18900913.2.7.1

Bibliographic details

THE MARKETS., Ashburton Guardian, Volume VII, Issue 2517, 13 September 1890

Word Count
893

THE MARKETS. Ashburton Guardian, Volume VII, Issue 2517, 13 September 1890

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