HOME MARKETS.
\ The National Mortgage and Agenoy Company of New Zealand, Limited, report under date London, April 2 lot, as follows :— Wool — Since the commencement of the series the attendsnoe of buyers has increased, and all sections of the trade are ' now well represented. Prices on the opening night were quoted firm for merino wools of good growth and condition, some weakness and irregularity, however, being noticeable m values for inferior and faulty descriptions- At the beginning of the noond week a somewhat stronger tone characterised the market. The better classes of merino combing and fine-balred clothing wools, when In good condition and free from burr and seed, may now be quoted firm at the dosing rates of the February serlei, but most other descrlp. Mono have lo^ ground to the extern of from sto 7£ per cent , the decline varying m proportion to uncertainty of shrinkage or prevalence of burrs, &c. New Zealand merino wools have not been offered iv large quantities. Some choice clips m the grease have, however, passed the hammer at moderate rates, although thesbsenoe of orders on American account has made a marked , difference m values for wools of this class. Scoured New Zealand merino is scarce, and the small quantity offered has consequently oommanded full rates. Wheat.— The weather for the past week has been all that could be desired- for agricultural operations, and field work has been pushed forward rapidly,, while the winter sown crops are reported to be m a healthy condition though, raihar backward. The trade has at last shown a change, and the market now bears a firm tone, whilst prlcas have moved upward to the extent of 6ito la p6r quarter. The improvement originated m America or, the publication of the monthly crop report by the Washington Bureau, which stated the estimated yield of the winter orop to be 82 per cent as against 88 per cant last year. The etfeot of this on the various markets of the fJnlted States vtm Immediately apparent, and as qaotat'.ona improved each day, onr own market m well as those on the Continent were favorably affected. Receipts and !aimerB r deliveries have been coneldev&bhp under estimated requirement*, althougk the imports of flour as against wheat hawe been very hesvy, whilst tupphes afloafecontiaue to increase, owing to large ahlpments by South Raßsla «nd Aoßltilb.. Shipments from India have only been made on a email scale. la the oargo. ttade a cieok has been given to bmlnee*. owing to the higher tfrms.askefcby.BeHere; The Impejlal average prioe of Brltlsb Wheat fqc the past two weeks is given. «t 4 30a 33 per quarter reapeotiveW,. Ex stand a better business has 't&la transacted than for some time p- >B J> A em»U parcel of New Australian -^^ o f O i n i y i v Uall & "^'itaed 34s fcl, whilst old Is held for PPa* a pet q a arte r. Recent arrivals o f Jew Zea land have, met with a 1?- remand and made higher prices. jL-iour has advanced 6d pec Back, despite heavy arrivals of American, Malting barley has continued steady. Oats are m email supply, but heavy Importations being expected shortly have prevented prices shewing any advance, Beans and and peas have been steady but quiet. The quantity of wheat and fljuc on passage or shipping to the U X , is now 2,298,000 quarters as against 2,140,500 quarters a fortnight ago and 1,970.500 quarters for the corresponding period In 1887. The American "visible Bappi?" is given as 32,979,657 bushels as oompared with 34,384,476 bushels on the 6th inst and 60,613,183 bushela at tho same time laat year. Br/XTEB.— No Colonial parcels have been on the market during the fortnight, but the general market haa been dull and values have been lower, the finest Patch only fetching 80s to 819 per cwt. • Cheese,— The market for Amerioan haa been better, and values are now quoted up to 58a pec cwt. Meat. —The warmer weather which has prevailed reoantly has had an adverse effect on prloea, and values all round ara easier m oonaequenoe, Suppliea have been moderate, and demand has been fairly good, especially within the last day or two, but priods Bhow no tendency to improve at present. American beef has been exceedingly cheap, and as the quality haa been good, the mutton trade has been prejadi hlly affected to a certain extent. Frxzan Msat has declined £i per lb, and Lamb about £d. With tne advent of warmer weathar a better enquiry may be expected for lamb, but English Is plentiful and ranges m value from 8d to lOd per Ik, as per quality. The preßent top price for Colonial is 63 per lb. Trade In the provinces has been fair, and the , quantity p'a^d there has been larger than oaual daring the fortnight.
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Ashburton Guardian, Volume VII, Issue 1854, 30 May 1888, Page 4
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803HOME MARKETS. Ashburton Guardian, Volume VII, Issue 1854, 30 May 1888, Page 4
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