ENGLISH MARKETS.

Timaru Herald, Volume XLIII, Issue 3737, 23 September 1886, Page 2

ENGLISH MARKETS.

The National Mortgage and Agency Company of New Zealand. Limited, report under date London, Aueust 12th, as follows :— WOOL. Thero has been a considerable demand for merino wools m tho market dnring the past fortnight, and a fair amonnt of bnsiuess has been dono at prices from 10 to J5 por cent m advance of tho closing rates of the July series of auotions. Tho total number of bales which have ohanged hands privately is ostimatcd at 13,000, of which quantity some 10,000 wero Capo produce. Holders of Australasian wools are unwilling sollers, preferring to await tho September series of sale 3 for realization. Domestic wools of tho finer classes have lately been m strong domand, and [havo further improved their position ; coarse deep-grown wools are also firmer. Advico3 received both from tho Homo manufacturing centres and from the Continont report a largo consumption and hardening ratoa for woola of all descriptions. At tho Antwerp sales, held on tho 2nd to 7th instant, thero sold 9699 bales South Amorican produce, at an advance of abont 25 per cent on tho May Bales' rates. Stocks m tbo Antwerp market aro now practically cleared until tho arrival of the new clip. The arrivals for tho fourth series of sale 3 commenced on tho 7th September aro as follow :— Bales. New Sonth Wales & Queensland 60,26* Viotoria 40,545 South Australia 9,183 Western Australia 1,113 Tasmania ... 3,770 Now Zealand 63,303 , CapoandNatal 79,935 Total 269,143 of which qnantity about 5000 bales Australasian and 32,000 bales Capo havo boon forwarded direct to tho manufacturing districts. WHEAT. Sinco our last advices tho weather has nainly continued favourable for harvesting operations, and m the provincial markets wheat has again shown a hardening tendency. In tho London market, however, and at the majority of tho ports, it has been difficult to ostablish any advance m rates. The influx of tho unprecedented heavy supply of 83,634 sacks of foreign flour of 2801b3, chiefly Amorican, has materially reduced tho buyers of wheat, and rendered tho market unsettled. The American winter crop was secured early, m good condition, and is now readily available, bnt the stock of old season's wheat is belioved to bo unimportant. Tho harvest m Franco is reported to bo well m progress. Now Zoaland wheat is scarce, and sells readily kt an advance of 6d per quarter. Tho imperial average prico of British wheat for tho past week is given at 31a Bd. Flour is slow of sale, m consequence of tho largo arrivals, bnt quotations havo not boon reduced generally. Oats of primo quality aro m fair demand. Beans are m good enquiry at an advanco of 6d to la. Poas also meet a good market at last quotations. Cooksfoot remains unchanged. Tho qnantity of wheat on passage or shipping to tho United Kingdom ia now 1,901,000 quarters a3 against 1,925,000 quarters a fortnight ago, and 2,132,500 quarters for tho corrosponding period m 1885. Tho American " visible supply" is givon aa 36,752,87* bushels as compared with 28,567,»14 bushels on tho 30th ulto., and 42,523,939 bushola at tho same time last year. We quoto present prices ex gTanary as follow :— Whoafc— Australian, 34s Cd to 35s per 49filbs ; Now Zealand long-berried, fine, 33a 6d to 35s Od, do ; do, medium, 32s Od to 33s 6d do ; short-berried, fine, 33s to 31a ; do, do, medium, 32s to 335. Flonr — Australian, patent, 2-is to 25s per 2801bs (gross) ; do, suporfino, 23a 6d to 24a 6d ; Now Zealand, patont, 23s Gd to 24s 61 ; do, fine, 19s Od to 20a 6d. Barley— Now Zoaland, No. 2, 283 to 303 per 4481b5. oat3— Now Zealand, hoavy, 30s to 31s por Imp. qr. ; do, ordinary, 263 6d to 283. Beans — Now Zealand, new crop, 34s to 35s per 5041b3. Peas— Now Zealand, averago, 32s to 3ls ; do, wrinklo, 30s to 50s. Cocksfoot— Now Zealand, fino, now, nom., 50s per 1121bs nott ; do, old crop, nom., 2Gs to 323. TALLOW. At tho publio auctions held since tho date of our laat advices, 2033 casks Australian and New Zealand were catalogued, of which quantity 1130 casks found bnyera. Thoro was an improved demand for mutton at tho termination of the sales of fnlly Od per cwt. m favor of sellers. L'oef tallow, howover, experienced no change. Wo qnoto— Australian and Now Zealand mutton, fine, 20s fid to 27a 3d per cwt; medium, 24s Oil to 20-i 3d. Do, do, beef, fino, 24? to 24s fid; medium, 21s lid to 23i ; common, 20s to 21s. Eatimatod stock m warchouso 14,837 casks. Stock on 30th nlr... V\.W, rasks. FROZEN MEAT, Tlio trado hus ui;. : ii quiet for tho past fortnight, and tho market continues deproisod. Stocks aro heavy, and there is a comparative absence of demand. Wo havo now to report a slight decline upon tho quotations m our last issno. To-day's quotations arc as follow : —Prime English mutton (wethers), "h to 5* 4d per stone of 811)3 ; do Scotch do (do), 5* 2d to 5* 6d ; town-killed foreign mntton (wethers), m 8d to 53 ; primo Now Zealand mutton (Canterbury), 3s to 3* 4d ; do (Wellington), 2a lOd to 3a 2d ; do lamb, 4* 2d to 4s (id : English and town killed foreign beef. 4s to 43 4d ; primo Scotch beof, 43 2d to -Is Od. (lir TgiiKobaph.)