THE MARKETS

Ashburton Guardian, Volume VII, Issue 1943, 13 September 1888, Page 3

THE MARKETS

Dalgety and Company, Limited, have received^ tbe following cable message from their head office m London, under date nth insl : — New Zealand Chevalier Barley — We have a good opinion of the prospects of this article, Home crop being damaged by wet. Hides — Average weights, 4d per lb. Market firmer, with a brisk demand.

WHEAT SUPPLY SHORT:

GRAIN STILL ADVANCING.

[by electric telegraph— copyright] (per pres? association) (Received September 13, 1 p m.) London, September 11. The American visible supply of wheat is 30,375,000 bushels. Tb.3 total quantity of wheat and flour afloat for the United Kingdom is 2,136,000 quarters and for the Continent 736,000. Bflpoits of Fnglish hop crops are unfavorable. The value is estimated at £150,000 under the old duty. Unfavorable reports continue to arrive respecting the hop crop. A cargo of New Zealand long berried wheat m hold has been sold at 40s. A cargo of Adelaide wheat has been sold at 41s 3d. The estimates of the wheat yield of the world are at 10,000,000 quarters below the requirements of buying countries. The wool sales will extend to October 15th and it is predicted that the merino combing will be dearer than crossbreds. Other kinds easier. London. September 12 Freights to New Zealand are 35s per ton ; Queensland, 32s 6d ; to other colonies, 27s 6d. Steam freights are raised 10s. •In consequence of the new crops of wheat being damaged foreign wheat is rising m value. Adelaide, and best New Zealand is quoted at 45s ex store. Maize, and malt are also advancing.