LONDON MARKETS

Ashburton Guardian, Volume VII, Issue 2254, 16 October 1889, Page 3

LONDON MARKETS

. -» The London Agent of the New Zealand Farmers' Association. — Meters Weddel •nd Oo* report ander datf, London 7wb September, 1889 :— Wool.— Since the date of oot last report, the only feature of any interest has been the holding of the 4;h series of Antwerp auctions ef River Plate wool for }h« onrreit year. Tbe seleotlon of produce offered was, gtnorally speaking, indlffdrent, and may to some extend •oooQQt for tbe somewhat disappointing retuit of the sales. While good qualities commanded fall rates, inferior sorts •uflered a deolioe of abont f> per cent. In the manufacturing diettiots machinery U still well employed, and markets tbere •re firm. Tha reoent failure of the Riverside Company at Provldenoe (U.S.A.), is important, and may possibly teact on this market ia respect of fine greajy crossbredi. Arrivals fot the foorth series, commencing 19 ch Instant amount to some 254,000 bales of whloh say 66, C00 bales Me from New Zealand. Gkaiv.— Unsettled weather prevailed until • week ago, deltytng the bairest, and otuilog some damage to the outstanding grain. More recently , however, the weather has greatly Improved, being now warm and bright, enabltne: farmers to dear their fields In most of the earlier dlatrloti, while m the northern paits of the Kingdom good progreis has been made In lecarlrjg the crops, tbe balk of whloh are already cut. The quality of tbe ntiw wheat Is very variable, and prloes range from 26i to 36s per quarter In tho country markets. Tbe lotai crop In the United Kingdom is estimated by tha leading agricultural authorities at about 9,500,000 quarter*, a yield of aboat SO bushels per •ore. Bright sunshine has had its usual effect npon the mniket, and buyers by holding off m the expectation of finding farmers compelled ere long to make salts bare euoooeded In dt predating values to tha exter t of li to 2a per quartor. In Lonf pa basiness la praotloally suipended owing to tbe strike smongai dock laborers, birgemeu, etc., and not only Is the discharge tf ships suspended, boi delivery itoia warehouee cannot bo obtained except In rare Instances. Several vessels from New Zialand now m dock for two sre tbree weeks are still lying undischarged, aud In tbe absence of •ales pricaa tre nooiiual. We flQQte :— Sound 1 ng berry, f«lr to Kooi| $&• to 39a foe } ibor( Pirry,

fair to good, 33s 6J to 35«. Bbaks— No change. Arrived— Ssldhana from Ly Helton with 12424 ?acks i f wheat, 2578 saoka of beans. Cfp Coast. — " Viciorian Bay " from 1 yttnlton 8437qrs ordo ed to Cork ' E uhoourt" f roui Timara 8400qrs not yei riiep^ied of. Uutieb — Fino quality s huve been m qo-jcl demar d. Normandy butter ia now worsh 94^ *o l(8i ptr c.vt ; and DaoiV, it. 4s to 114) per cwt. Che use A:ter a period of qui'.tode an im. ioviog tono is now apparent and the be j t known brnndd of make 45 « to 47s per cwt. Some Now Ze Imdc ie bo of lair qualty bus otroug m fUvor ia on oflfor, and may be quoted at 42a to 44s par cwt. Hump— The market for Manilla haßbom firm ot late and \?ithin the past fortnight an advance m values has been established. New Zealand hemp has Bold with be'ter spirit of late, the available Btock being light, though some 3500 to 4COO bales are now m dock m variois vtsiels awaiting j duchur^e. i At auction held on 4th inst 230 bales New Zealand hemp were off red and 60 bales cold at an advance of £1 to £2 per •on on recent rates, Fair Wellingtou made £27 10s to £28 15 j and £28 5s to £28 10s tor medium Uhrietcburoh. Fine Auckland mudj £30 to £34. Tow sold at £5 to £7 per ton according to qualify. Manilla hemp on spot and duo Is worh £48 per ton. c.f.i. JTbczbn Mbat —^As regards the general market, warm weather and full supplies combined to depress va nes, but a reaction has set m and with lighter supplies prices have fully recovered themsolves Uontinantal mutton has improved m value. The restrictions imposed by the Privy Council upon tbe importation of live sheep from Germany, etc-, having been partially removed, the London market is being relieved of large quantities of foreign muttoa which aow is distributed over tbe country as live sht ep. At Ist October further restrictions may be removed, and JDutch sheep will probably come forward aa castomary m tho fall of the year. Now Zealand mutton has butn a sLw trade. {Supplies are restricted, and so is tbe demaud, m consequence of the dook 6trike — labore s in London being very importune consumers of frozen meat. * cuerioan beef has be f n slow of sale latteriy, but Now Zealand beef s now being taken by f ome contract rs and Bale* Lave been mado btoaci y when aicoke were obtainable from iLe various vessels In dook. Smuhfuld Quotations. Prime Sooiuh mutton, 5s 8d to 6s per 81bs ; prime BiverP.uto uiut.on, 3b to 3s 6d per Bibs ; prime t> nglißh mutton, 5s 4d to 5s 8d per Biba secondary Plaio mutton, 2s td tj 2s 9 J ptr 81bs ; prime Foreign ruuttou, 5j to 6b 61 per Bhs; (•rime Sydney ran it on, 2s lOd to 3< ; prime Dew Zealand mv ton, 3s 6d to 3s 8d per 81bs ; New ZaaUud hmbu, 4s to 4i 8d per 81 uo ; eeoondary IS'ew Z aland mutton, 3a 4d to 3s 6d per blbsjjNew Zealand beef fore quarters, 2a 2s to 2s 4d per 81bs; inferior is ew Zdaland mutton, 3s 2d perßlbs; New Za^laod beef hind quarters, 3s to 3 1 2i per 81bs.