LONDON MARKETS.

Hawera & Normanby Star, Volume I, Issue 73, 22 December 1880, Page 2

LONDON MARKETS.

• Mr. Freeman R. Jackson's London agents (Messrs. Johnson and Allsup) report, under date London, 4th November; — Wool.—During the interval between sales there has been more enquiry for croBS-bred •wool, and it is probable there will be a rise in value of that description at the approaching sales, especially for the finer sorts. For other wools the market continues in a quiescent state. Later advices hardly bear out the estimate made in our last of an increase of 100,000 bales in Australian wool next yeaVi the season in Australia generally not having been altogether favorable; on the other hand, New Zealand appears to be certain to send us a large per centage of increase. Tallow.—The supply of Russian being nominal, and the homo melt being deficient noih in quality and quantity, this market h:<s at lash shown some signs of activity, w\& a rise of Is to 2s per cwt took place at lost week's sale. The rise was most marked in the best Sydney beef tallow, which, it is understood, is being purchased for export to the Continent, where it will be used in the manufacture of butterine or margarine. Mutton tallow w not useful for this purpose, neither is inferior beef, but still the market for all tallow should be favorably affected by the withdrawal of the good beef parcels for edible purposes. On the other hand no one can tell the extent of the stock of North American tallow, which would be attracted here at anything over37b perewt. Present quotations are 37s for best mutton, and 35s for good ordinary beef, but best beef of "edible" quality has sold at 38s 9d. Hides and Leather.—There was a firm market for hides at the large sales of 7th October, nil the 12,000 then offered being cleared at full prices; but at tbe subsequent sale of 28th October, when about 11,000 were eakx)ogue&, not b&lf were sold, and a decline of £d to $d per lb from the highest point has consequently to be chronicled. Quotations, however, are still maintained at s|;l to 5f d for good heavies, and s£d to 5Ji for Ist lights. Leather is also rather lower in value, sales having beon tan&e al from 10d to lHdpev Ik- Melbourne basils have been sold at from 9d to lGd per lb, and Pome from New Zealand at from 10} dto 12* d per lb. Wheat has declined Is to 2s per quarter from the highest point, but Australian and New Zealand qualities being- still wanted, the quotations for them are not much al« terea, say 49s to 51s 6d for Australian, and 40a to 52s for New Zealand, both for 49b'lbs ex store. Oats.—New Zealand (461bs per bushel) are now quoted 28s to 32s per 3681bs ex store.