ENGLISH MARKETS.

Press, Volume XXX, Issue 4078, 22 August 1878, Page 2

ENGLISH MARKETS.

Messrs Dalgety, Ducroz and Co., of London, report on the wool market, nnder date Jnly 4th:— The second series of colonial wool sales of this year aro to olosu to-iuoirow. There was an interval of a week at Whitsuntide, and they reopened on 11th nit. Previously to this interval improvement in the competition and biddings was already manifested, w'iie!> has continued, and prices may be considered folly equal to the best of the year. This improvement has been pretty general, and the only exception we can observe is that of coarse crossbred and pure Lincoln and Leicester fleeces, which in sympathy with English still rale very low. Victorian fleeces have been in pood demand at very fall prices, bnt the very fine flocks have with few exceptions rather fallen short of the extreme rates of the first series. N.S. Wales and Queensland have appreciably improved upon Iho currency of March. South Anstraliau has also recovered the depression of that period, and of the early part of these sales. Tasmanian, except cross-bred, which is not in favor, has sold well throughout, the appearance iv tli- grease being ranch better than in the half washed state in which so ranch of it used to reach this market. The New Zealand clip, with few exceptions, is not considered so well grown or in so good condition as usual. Later prices of this series, however, show a recovery of Id to ljd per lb from those ruling at the commencement. Western Australian show some improvement iv quality, and have met an active competition at relatively satisfactory prices. Sconred fleece and fairly clean pieces have sold at very full rates, also fine Umbs wool. I'oreignersare said to have taken about 150,000 bales, America less than 1000, withdrawals aud wools not offered estimated nt _t,OOO. but, on the other hand, a portion of this quantity had gone to the manufacturing districts without passing tho hammer. A fortnight's fine weather ia Jnne, tho prosi>ect of an Enropean settlemeat of the Eastern question nt the Congress, and a more tranquil state of the relations between capital and labor, with a slight general improvement in trade, have all been in favor of the later course of tMs series. We trnst these may contiuue, and afford ns a steady market for the next, which is expected to open on the 20th Angnst. To the above report the following table is appended :— Available Catiilosraod for Sale, to sth July. Bales. Bales. Now South Wales and Queensland 52,500 50,768 Port Philip 119,000 10..170 Adelaide 36,500 35,05:. Swan Kiver 7,000 7 008 Tasmania. ln.pOf) 10,831 New Zealand 73,300 69.542 Cape and Natal :W,.03 .S-t',809 335,000 312.271 On the markets for colonial produce other than wool, Messrs Miles Bros, and Co. report.-— WHKAT AND FLOCK. In consequence of the hopeful state of a_fa : rs in the East, unusually lnrjre supplies advised from America, and the splendid weather which has now set in for onr harvest, the wheat market continues to woken, and prices for train both on the spot aad for torward shipment show a decline almost every market day, bnt owing to a Continental demand the fall is scarcely so marked with regard to cargoes arrived off the coast. Of the late arrivals of Australian wheat, the Ensign with about 3000 quarters, and the Kisbon with 3528 qnarters were sold for Havre at 52s and 49s 3d respectively, the latter price being equal to about 47s 6d United Kingdom terms. Iv consequence of small supplies prices of New Zealand wheat have not shown the same variation as other descriptions. We qnote, ex graea-T—Australian wheat, 50s to 51s per 4__lbs; and New Zealand, 40s to 4Ss; Australian flonr, S2s to 36s per 2801bs: and New Zealand, 30s to 345. TAI.LOW AND HII.ES. Tlie tallow market has been il it since onr last report on the 30th nit., and prices have declined about Is per cwt.: the value to-day of good to fine mutton being 37s M to 38. 6d, and 31s to 36s Sd for t-imilar quality tallow, and for the present we do not look for a-ay improvement, on hese rates. Hides are in limited demand »t lnte rates, viz., 4_l and 4 J-d for th st heavy and 3 _1 to 3Jd per lb for light ox and cow hides. PRESEBVED MEAT. The market for tinned meats continue., flat with very little business doing. The arrivals of fresh meat from New York have scarcely been so heavy lately, which may possibly be accounted for by the increase in the importation of live beasts from that country. Bank rate raised on the 27th June from 2. to 3 per cent, and on the 4th instant from 3 to 3J per cent.