ENGLISH MARKETS.

Timaru Herald, Volume XL, Issue 2947, 4 March 1884, Page 2

ENGLISH MARKETS.

Messrs Miles Bros, and Co., London, report on tho Colonial Produce Market, under date London Jan. 11th, as follows : — WOOL. Beyond the sale of a few bought m lots the position of onr wool market has remained unaltered dnring the List fortnight. Business m onr own manufacturing districts still continues brisk, but m Franco little or no improvement is noticeable. Throughout the past year the greatest caution has been displayed by French buyers, bnt it is natisfactory to note that other European countries hare operated rathiir more freely, some 570,000 bales out of tho total quantity (1,193,000) catalogued at the four series, having been taken for export. The first sales of the year are to commence on the 12th proi., but it is doubtful whethor tho arrival* up to the 19th February will a-nount to the maximum quantity ftiecl by the Mnrchanta' Committee, viz., 400,000 bales. The new arrivals to date are as follows : — Bales. New South Wales and Queensland 19,627 Port Philip 9.215 South Australia 8,107 Western Anstralia 272 New Zealand 0,078 Cape of Good Hope and Natal 21.555 Total 64,854 Of wTiich, some 11,000 bales of Australasian and (1000 bales of Cape have been forwarded to Yorkshire and the Continent direct fro7n Bhip. About 10,500 baleri of old wool remain on h&nd. WHEAT, FLOUR, ETC. Since the turn of the year there has been no improvement m the price of wheat, our market, if anything, being rathor easier, and as stocks continuo to bo augmented by liberal Buppiies, there is no immediate prospect of a rUo m values. In America the viriblo supply he.s increased, and now stands at 35,500,000 bushels, or 10,000,000 bushels moro than it was twelve months since. In Australian descriptions tho demand is qniet, notwithstanding tho limited stodcn hore, and wo quote 40s fid to 47s per 4061b5, ett store. Cargoes are offered, January shipuenta, at 44s 3d to 44s 9d per 4801bs, c.f. and i. to the United Kingdom. Most of the shipments of Now Zealand wheat continuo to come forward more or lc« oat of condition, and as the stock of inferior wheat is now considerable, pricea are ruling extremely low. For really good long berried wo quote 43s to 45k, average qualify 39s to 41s, and low and inferior wheat 25s to 36h per 4961 bex granary. A fair trade has lately neon doing m flour ; suporfino Australian is worth 3!s 6d to 325, fine 27s to 295, and New Zealand 28» to 30s per 28011). Stocks of Now Zealand oats aro Brnall, ft no being 323 to 33s and ordinary 27« 6d to 28* ikl per quarter, imperial. We qnote beans 40e to 41/) per 5041 b. Finest peas 40s to 425, and fino feed 37s to 39s per So4lb. Malting barley U worth about 33s to 3Gs, and ordinary quality 30* to 31s per 4481 b. TALLOW AND IfIDEH. 'Chore was a moderate demand to-day for Australian tallow, and 625 casks word sold out of 8-55 offered. Mutton brought fully lato prices, and finest boef advanced 6d por ewt. whilst other isortfi averaged last weok t rates! Good to fine mutton malised 43s (Id to 455, and fair to fine beef 39s 6d to 40s (id per cwt. The xtock m first hands is 7400 casks. Th« firot public saloH of hides for the year panned off yoßterday with a fair demand. Wo quote New Zealand Ist heavy 43d: light 4',d ; Und, td ; all at por lb. FBOZEW MOITON. Ooi market for fro-wn mutton has ijnpi-oved

during the last ten days, and carcases aro m better dornand, and bring sjd to 6d per lb. The prices obtained for th.3 5.3. British Queen meat, lately sold, wore from ssd to 6d por lb. A number of the jheep ex s.s. lomo aro coming out of the ship m very bad order, being smoked and iicorched, and many of the wrappers are burnt off. Many carcases aro frozen togethor m i heap, steam and wator having been used to pu<; out tho firo which occurred m the rofri jerator ten days after the steamer left Lyttelton. MONEY. [ Bank rate 3 per cent.