LONDON MARKETS

Ashburton Guardian, Volume VII, Issue 2137, 29 May 1889, Page 2

LONDON MARKETS

Messrs Weddell and (jo, of 16 Si Helen* Place, London, the agenia foi the New Zealand Farmers Cooperative Association of Oante: r :ry Limited, report asfbilows under date -ipriiSth :— ' " Wool.— The second series of sales opjued on 2nd Insc. The total quantity available was about 308,30 b b«l«g oomprialDß 216 100 AuitnlUa, 62 200 tfevr Zetland aad 40,000 Otps. p«e»t» »rrtv*U of New Zealand, wool amounted to 6^,600 bales of which 5100 were forwarded direst co manufacturing districts. The attandanoe of bnyera waa excellent: and. brisk competition wbb shown by all aeotipm of the trade. The neleotion of wools offered was not quite representative of t the various deeo lptlone available, but It suffioedto establish an improvement iipop theiolos* Ing rates of last aeries equal to neatly 5 per oent for most olataei. Fine grea»y merinos and crosibreds sold espeoiallj well. Inferior orosibreds m greaitf showed little or no obange, while mixed parosls were In some instances rather lower. Fair average pnroels of New Zealand, whether crossbred or merino sold- at fall relative prices. Since the beginning of tbe sales the position baa strengthened somewhat and the prospec.ts are satis* factory, • *-•• '■■'-■ -"->

Whiax.— The Home oropi arersporlid to be m good condition throughout the oountry. The autnm sown waeat It looking atrong and well, Spring Bowing is no* well forward and with another week ftf tha present weather will be almost completed. Iha general demand baa remained-' doll aod m tha absenoe of Continental enquiry taoxeued sapnilea ha?o bean lotairumpuo. the EngUfih market. Toe-depression isported m oar laat advice had v&eea ag* gravated by some large failure* on the Oontlnen*, and a resuhlng rr growth of distrust among buyer* generally; ' The -tocks at the principal ports: In. the United Kingdom "are about tha Bams ai they were ft year ago, a remark whioh alto ap plies to the qaantity on paaiegey Stooki In f armors' haqdn and the visible supply m m America ar* both estimated to be'considerably lighter than they were las* Veai. Bat, although the statistical poiition la appaiently stronger than it was at a oorrespondlng date m 1888, the oonrae of prices is adversely ltfluencod by tha favorable reports concerning the growing crops In all parts of Europe and North America , Oral ooast oargoea have met with but little attention, and prices hare reoeded, Fob a cargo of New Zealand wheat per " Olosebnrn," 6600 qaarten 34i 31 c.i.f., terms, sound delivered, ii reported to be the best bid obtainable. Oa the spot New Z 9 »l*nd wheat baa beea pressed for sale at lower prices. VaiQM are nominally 6i to U per quarter lets than those purrent a fortnight' ago* Ex store, sound long-berry, good to fait 39j to 40a 6 i per 496 1 bi ; ex store, •hort-bprry. good to fair 36j to 37s 6i per 436 ibs, The " Cormorant " h M arrived wltn 1882 sacka of wheat. ' ■ Bbass. —Show no ohange m Valqei b«t are slow of sale it 39a to 40s per Gio4lbf ex store, The -•• Cormorant " brought 81 bags and the "Walmate" 85 bags from New Zealtnd. ' : '

Chresb.— The market haa remained quiet j vaiusa of ill descriptions haTebeen Darely maintained. New Zealand paroela have been scarce and of only mtddiinff quality. To-day'a market fa rather fiuniS and their nominal value ia 60a to sia. BuxTßß.—Tb9 market bm receded materially aa expected, and although It cloiea above lta lowest poiot • oonsiderabl* reds^tteti-in^aotatloni baa . taken- plcoeo Finest Noxtoanoyi6S^^i4>^tJist^9»tfbest New Zealand, 90a to 94a pee owt j fiuest Danish, 100a to 116a per ewti seoondaryJSfew Zealand 70a to 80a pac owl Frozen Mm.— Kxoept m the oaie of Ameciaan beef, whiah haa been m fall supply, the current demand during the past fortnight baa sufficed to ab«orh the quantities of home and foreign meat daily marketed. The weather haa b«ro aeaionably cool, and, an fiib hainot beta ove* plentiful!- the demand' haa ahown ftonsiderable atrength for the time ol'yeat (Lent), Valaeß have lmprovsd . allihtly for Home-fed mutton, and mbteriaSht fet Zealand and Rivet Plate' ihaUon* The chief feasoa lot tha ad?an66 ia frozen mutton la the diminution of atookf (wnioh are now under 100,000 oawaaea), reaultlog from an idoreaatog: oonaumptlon throughout the oountry. Arrlvala have not been heavy either into London or Liverpool, and River Plate aheep ate at - the moment aoaroe. An Important raotor haa been the action of the Pilvy Oouooli m prohibiting meanwhile the importation of live Ghrman aheep. Ooming ' aa thla aeeolucion did at the height of the aeaioa for that particular olaaa of Oontlntntal mutton many people looked for an lm> mediate advanoe m the price of all mutton other than Home-fed, and thla anticipation oertainly strengthened the market lot a day or two laat week. But the geoweei found that they were at Uherty to tend their aheep hither m oaroase, and promptly took atepa to do aq. The weather bains agitable, these sheep h,ave oome tq hand m good enough order; and moanwbila there la dliaavantrgo rather than advantage to frosen aheep through thai importation of inoreaaed quantities; of dead mutton. Should It be found praotio able, to continue the importation m tta present form, it will be • matte* for tegret ao far ao New Zealand ahlppera are oonoerced j but m any. caaa that particular trade will cease m ordinary course within « month or six waeka. Tho Cuuatty markets have been geaa»Uj good aud promise well for next week, The lamb trade haa been quiet and steady. iFafe oaroasea have been comparatively numerous and rather alow of sale.

I To day's Smlthfield quotation! are v follow! :— ■-..-•.: j.. ; . ; i.; « . „ SllaT™* JfrlmaSootoh giutton ... 5 3 t05i6i „ English do ... 4slodtasi2l ii Foreign, do ... 4U2dtg4i"&i a t> New Zealand do .„ 2Blodtb,3ji Secondary ,do do .„ 3«8d't0.9«91 River Piate mutton i ... 2s 3d -V.i Wow ZaiUad lambs ... 3ilOlto4Ud Heavy New Zealand lamba 3a 4 i to 3i 8d N.Z. beef, hlud.qaittcta 2i 8i to 2«lO4