THE MARKETS
[ran rasas association.!
Lohdok, AUgUlt 24 Heavy rains have damaged the crops already cut, and the harvest is being delayed. The total yield is expected to be much under the former estimate.
(Reoeived August 26, 2,30 p.m.) Tallow— Medium mutton, 26s ; beef. 245. '
Woolled sheepshins show a slight decline.
The English wheat market is firmer and showß an upward tendency. The American shows signs of a decline. Forward business is steady. Foreiga arrivals are moderate.
The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cable message, dated Londoq, 28rd August :*-. Sarveslj— ."Wheat— The English crop k esiimated to yield 10,000,000 quarters, one fifth of whioh is secured. Tha reports, however, are conflicting. The weather haß been unfavorable, but is now improving, The bulk of the French harvest haß been secured m good condition. The Amerioan crop is estimated to yield 59,000,000 quarters. The market for wheat is inactive. Tallow is m good demand, good beef i and mutton being worth respectively 26* and 27s 6d per cwt. Hemp —Medium New Zealand i$ worth £28 10s per ton. Frozen Meat — The mutton market is understocked owing to the strike of tho dock laborers. Wellington and Canterbury mutton ip worth 5|d f and s§dperlb respectively. Fore and hind quarters of beef are worth 3£d and 4£d per lb respectively.
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Ashburton Guardian, Volume VII, Issue 2209, 26 August 1889, Page 2
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223THE MARKETS Ashburton Guardian, Volume VII, Issue 2209, 26 August 1889, Page 2
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