Commercial News

Feilding Star, Volume XIII, Issue 122, 12 April 1892, Page 2

Commercial News

(PER PKESS ASSOCIATION.) London, A.pril 9. New Zealand ]on#-berried wheat is restricted in business at 40s 6d. Quotations for New Zealand frozen mutton are unchanged. New Zealand hemp is dull, and at the auctions none was sold. Mr Brodie Hoare's circular states that during the last few nightß of the wool sales the fall in prices which characterised the opening of the series has been entirely obliterated. February prices are now being realised, and there was a further advance of five per cent to-night. The apples ex Bnapehu arrived in poor condition, and many were rotten. At the wool sales there is brisk competition, and prices are firm. Sixty-one per cent of the sales has been taken by foreigners. The quantity of wool catalogued to dnte is 141,000 bales, of which 134,000 bales hare been sold. Merino has nd» vanced to -J-d to Id higher than the closing rates of the February sates, but good scoured has not yet reached that point. Crossbreds maintain their position. Foreign buyers are animated in their bidding. . A demand from the Yorkshire districts is partly responsible for the advanced stability of the wool market Washington, April 8 - The House of Representatives has passed the Wool Bill by a majority of 3 to 1. It is believed that if the Senate passes it also President Harrison will exercise his power of veto.

cables — Market quiet; fine mutton, 27s od. and good beef tallow 25s 9d per cwfc. Hides— The usual supplies haye come forward, and have been placed at late rntcs j Grain— Th6 market is still very unj settled. We quote Rood whole fowls' I wheat 3s 6d to 3s 9d ; good heavy feed i oats, Is lid to 2s; discoloured, Is Bid to I Is 9d ; feed barley, 23 6d to 2s Bd. ! Grass Seeds— There is good enquiry for ' Poverty Bay rye, but Southern seed has suffered a decline since our last report. | For good heavy, clean cocksfoot a better | demand has been manifest ; discoloured ' and dirty scad is unsaleable. i Frozen Meats— Our London manager : cables :— Market dull. The price of mutton has declined £d and lamb Jd per lb since last report; other quotations unchanged. The New Zealand Loan and Mercan* t ile Agency Company, Limited, have received the followine cable message from London, dated 9th inst- : —Wool— The sales gain firmness as the» progress. Smce the opening of the sales greasy merino has advanced jd to Id per lb, medium washed merino Id, and scoured merino Id to 1-J-d per lb. The principal advance has been in New South Wales and Queensland medium and inferior greusy merino. Other descriptions are unchanged. Foreign buyers are operating with confidence. Up to date 113.000 bales have been sold. Frozen Meat — Beef market dull.. For and hindquarters are worth 3fd and 4£d per lb respec tively. There is rather better demand for New Zealand mutton, but quotations are enchanged since last telegram. The lamb market is quiet, and price has declined £d per lb since last report.