AMERICAN MARKETS

Waikato Times, Volume I, Issue 61, 19 September 1872, Page 3

AMERICAN MARKETS

Tick wool market remained veay quiet- until about (In- middle of the past nioiitli, when a moderate detniind sprung u[) and contained unl.il Iho close oflast week. The Hales embraced nearly all descriptions, but prices realised wen , lower than have been at allium: current of the ])resent year. While scarcely anything has been done in fine tleeees, our manufacturers huvo taken Australian, Tort Philip, and New Zealand, Mciifevideo and Cape, and we cannot look for active movements in fleece until holders are willing |o meet the market-at prices corresponding to current rales Cor foreign. The quantity taken for this side is not vet- but will not be"far from 7,000,000 to 8,000,000 pounds, and most of this will not be available until October next, when the 10 per cent, addtional duty is removed on indirect imports. There is, however, considerable wool on direct importation now available at the reduced duty of 10 per cent., and we look for an active market, and holders, although firm, are free sellers at the current rafss. Tin} principal transactions in Port Philip and Now Zealand have been at f>7 to OOs., and on most of this wool it is claim.ul that the shrinkage will not exceed 45 to 50 per cent- the recorded sales in this market arc 400 bales New Zealand on private terms. At Boston the reported sales are 200,000 pounds Port Philip and New Zealand in bond, equal to 57 to 58c; ;if),l00 pounds Australian and New Zealand, at 5(5 to (JOu.; 337,000 pounds New Zealand, at 54 to (50c.; ! I "J ,OOO pounds do., on private terms; 50,000 pounds do., choice, at (!oe. New Zealand Max is very quiet, in sympathy with Manilla hemp, which governs the fibre market. I quote ( .).ic., gold. No sales. (1 inn kauri continues very quiet. The reported Hales are 349 caws on the spot and 900 cases to arrive, all on private terms. London advices to July 25. New Zealand hemp (llax) has met less demand at lower rates. Sales (570 bales middling half cleaned to three parts cleaned, £33 to £35 155.; middling to good clean, £34 10s. to £38; good to (hie cleaned, £;{(! to £49 10s. Kauri gum had met a better demand at steady rates. Sales 1)40 pickings, 18s.; clean ships, 30s. 6d.; pickings, 32s to 355.; low and ordinary, soft and dark, 325. to 3(>s.; small clean, 38s. to 395.; middling to good middling, scraped, 40s. to 455.; good bold eoraped, 475. Gd. to 505.; good to fine clean pale, e, r v*. to 80s.; selected pule, 925. fid. to 97s 6d.; selected, £5 10s.