COMMERCIAL.

Timaru Herald, Volume L, Issue 4738, 8 January 1890, Page 2

COMMERCIAL.

ENGLISH MARKETS.

Messrs Miles Bro.=. and Co.'s produco roport, via Sau Francisco, under data London, Nov. 30th, ISS9, is as follows :— WOOL. The fifth and last series of sales of colonial wool commenced on tbe 26th inst., and according to present arrangements will closo on tho 12th pros. Tbo fresh arrivals wero as follows : — Bales. New South Wales 36,010 Queensland 34,573 Victoria 37,600 South Australia 20,1*76 Western Australia ... ... 612 Tasmania ... ... ... 564 New Zealand 9,081 Capo and Natal 10.414 Total 159,030 OE tbis quantity about 3000 boles Australasian and 9COO Cspc3 wero forwardod direct from ship to Yorkshire and the Continent, and taking into account tho 2500 bales old stock, the total availablo quantity for offsr was 150.43) bales. Tho attendance from all quarters on th 9 first night was very largo, and with brisk competition an advance of 7i to 10 per cent, on last sales' rate 3 was established. The sales aro progressing vory satisfactorily, and the opening rates aro being well maintained. Thero is one of tho lareost attendances of buyers wo have ever scon, and tho competition for all sections of the trade for all descriptions is most keen, especially for useful combings and coarse crossbreds, at an average advanco as compared with September-October rato 3 of ld per lb. Stocks of the raw material m the hands of manufacturers and dealers havo become very low, whilst the trade all round remains very sound and satisfactory. wheat, floub, etc. There is nothing fresh to report m tbe stata of our wheat market, and tho business done during the fortnight has been anything but large, avhile prices arc if anything slightly cosier, owing to tbe heavy stocks of wheat m America wbere tho visiblo supply has now renohed 30,124,000 bushels, being an increase of 3,284,000 bushels on tho two weeks. On passage to the United Kingdom, from all parts, tA j_-_— ,._ ; +i,a* J -~ ■.« limit ei i, ami is CS-1 mated at 1,436,500 quarters, against 2,391,000 quarters at tbe end of November, 1888. Tboro have been no'new arrivals of Australian wheat, and tbe stocks m store here havo met with a slow sale at 383 to 39s 6d por49olbs. For new crop cargoes, December-January despatch, the value is about 355. Now Zealand wheats have only boen m limited request, and prices aro about the same, viz., 37s to 393 for longberried, and 33s to 35s for average por 49Glbs landed. Flour bas been m ratbor better demand but volue3 aro unaltered. Wo quote Australian 26s to 275, and New Zealand 233 to 25s per 2801bs, ex store. Grinding barley is slightly dearer, but malting is unchanged. W a quote Now Zealand lots from 283 to 42s per 4;Blbs. Oats are slow of sale at late rates, viz., New Zealand fino (nominally) 28s to 325, and common 21a to 24s per imperial quarter. Beans aro hardening, and peas are Is dearer. Tho former (New Zealand) wo quote at 3G3 to 375, and tho latter (ordinary) 32s to 355, both per SOilbs. TALLOW, HIDES, &C The f_ How market haa been steady with a fair general demand for Australasian. At the sales on tho 22nd inst., 1571 casks were sold at pravious prices to an advanco of 6d por cwt. At tho auctions to-day, tbere was a fair but not animated demand, and of 24-17 casks offered, 1G94 casks were sold at last week's prices to an occasional decline of 6d per cwt.. Good to fine mutton realised 243 6d to 275, and fair to fine beef tallow 21a to2Ga por cwt. Low and inferior descriptions wero somewhat irregular, but on tho average thero was littlo or no change to be noticed. Tho arrivals during the past week have been 753 casks, of which C3B casks wero from New Zealand, and tho stock now amounts to 9700 casks. Salted Hidos — Australasian ox and cow hides avcro m fair rcqnest at the sales yostordny at previous sales' rates. 5240 hides were sold. We qnoto New Zealand heavy ox 3d to 3{d, light and cows' 3d per lb. Halted sheep pell3werein good demand, and 71,107 were sold as follows : — Extra largo 14s to 17a 9d. largo !)s to 13s b'd, medium and small 4s Cd to 8s 3d, and inferior 3s Gd per dozen. Rabbit Skins — At tbe pnblio sales ou tho 22nd inst., there wns an aotivo demand for all descriptions, and 1137 wero sold at fully previous rates to an advanco of ld per lb, New Zealand fair to good Is 4Jd to Is lOJd, medium to fair Is lad to Is 4d, common to medinm lOJd to Is Id, and inferior and auokors 4d to 7d per lb. __OS_- __AT. Trade during the past week has somewhat improved. Atnori can beef has been rather shorter, and with botter weather prions ara decidedly higher. Homo-killed and Dutch mntton nave also been rather short and prices firmer. Tho cold tomporatnro has had a great deal to do with this goneral improvement, and trado should remain good if this weathor lasts. As soon as it changes, however, wo shall probably tavo a relapse— at all events, for a fow days. Tho prospects for tho futuro aro satisfactory. Stocks are fairly light and tho domand for frozen sheep continues fairly good m tho provinces. Wo ought, therefore, to got through the winter without having to tako very low prices. To-day's pricos :— Scotch shoep 5s Gd to Kb lOd, Knglish do ss 2d to ss Gd, foreign (bost)4s 8d to ss. inferior 3s 8d to 4s. Canterbury (N.Z. 2s lid to 3s Id. Wellington 2s lid to 33, ewes 4h to 4s 4d, Sydney 2s 8d to 2s lOd. C'HBKBB AND ErjTTKR. There is a very good demand for all descriptions of tho finest bnttcr and at hardening prices, bnt. second 'rato and inferior m large supply and difficult t9 move. Chenso.— Rathoynore doing, but still a dull markot. *