THE ENGLISH MARKETS.

Press, Volume XXXV, Issue 4906, 9 May 1881, Page 2

THE ENGLISH MARKETS.

The following ia Messrs STilbs Bbos. and Co.'s colonial produce report, dated London, March 24th:— WOOL. Oar. sale room has been well attended daring the past fortnight, and a brisker tone has prevailed, the current prices for most wools aranow about equal to opening rates, the exception being superior fleece, washed, Australian parcels, which are still rather low. Crossbreds of the better kinds have been selling well, but, on the other hand, faulty merino laaibswool is negSacted. The preser-t series of sales will close to-morrow, and up to the present time out of 108297,000 bales available at these sales, 233.166 |*tei have passed the hammer, of which about is »>»» owes have heen bought in, aaditisesti™««that altogether the quantity to be carried the next series will amount to 35,000 The fresh arrivals for May-June comprise :— New Sooth Wales ana Queens- ****' Victoria ... South A.usteJia" ~H&o Wesfcro Australia *l^ Taemaaia ... %>£& N e wz«ia.a ... ;;; - °^ c - •• •■• ... 25,824 Total ... „. 147 t R * WHEAT A«D WlMv£ ' ,B °* Stocks orwheat having ran rather low, with » fair Continental demand, oar markets have beooae firaw, a»d some of fta recent arrivals of Caiiforniaa wheat in excellent condition have brought 2s to 2s 6a per qr. ovwthe prioea rulisß three waeki age. S^PP I^ 3 «* "hit ft 0 * passage to the TJruted Kingdom are. however EbaraT, being estiaiated now ■ fA 2,l»,ooo q w .', and it is, therefore, doubtful whether tb e advance will be AuetraHaa wheat ■ «S coast is bow worth 493, and oa passage (February. March, b.f-1), P« «0 «». of. and i. for orders. There have b?«a offers of New Zealand wheat at 455, c. f. aua orders April-May shipment, but we hare not heard of any business having been dona at that ■figure. There have been but few transactions in New Zealand wheat on tta spot, stocks being

nowvery small. In oate, owing to coMid«abte supplies which are shortly expected from Eussia and Sweden, New have » decline. New Zealand barley is not in very brisk demand just now. We quote ex granary Australian wheat 50s to sls ; New Zealand long berried4Ba tools; ordinary, 46e to 5Us end; inferior, 43s to 455, all per 4961b. Anatolian flour, puperfine, 34eto36e:and Nevr Zealand, 30s to 33s per 2801b ; New Zealand oatstfine27s to 30a, and ordinary 21a to 26s P*™* 8 "" 1 * quarter. New Zealand Barley— Maltaßg, 30s to 38s per 448 lbs. New Zealand beam. 45s to 48s per 504 lbs. New Zealand oatmeU, 1903 to 210s per ton. TALLOW AND HIDSS. There has only been a moderate demand for Australian tallow, and prices have slightly declined, the value to day of good to fine mutton being 35s to 36s and good to fine beef tallow 32s 6d to 33s 3d per cwt. Imperial sorts are etill in request, and command full market rates. The present stock of Australian tallow in first hasids is bow about 6250 casks. Hides continue dull of sa'e, but prices are unaltered. Bank rate, 3 per cent.

deferring to New Zealand in his circular of March 11, Sir Westgabth says: The right of conversion of the last five per cent, loan wuto four per cents., inscribed at the Bank of J'intrland, lapses on the 16th inst, and conseouantly larsre amounts of the original 1889 bones have of late been converted, and the chief, in fact, almost the only, dealing now is in the new fou| per cents. Until recently the public do not seem to have quite fully understood the conversion, but now that the fours are actually m fxioteace to the extent of some millions, they have become better known, and a sudden rush has been made for them. The price has advanced quickly and steadily up to nearly 93, and the buying etill continnee bo strong that the stock seems likely boob to re-attain the equality of value which it possessed last year as compared with Queenftland fours. The latter are now S7£. New Zealand stocks, until recently, hd for a good while bean avoided by the public, and the reaction, after months of indifference, seems to have come more suddenly than had been anticipated.