COMMERCIAL.

Globe, Volume XX, Issue 1550, 6 February 1879, Page 2

COMMERCIAL.

LONDON MARKETS. Messrs Miles Brothers and Co. report, under date December 20f,h, on the London market for colonial produce : WOOL. The fourth and last series of public sales for the current year, which commenced on the 19tb ult., terminated on the 17th inst. The available quantities were as follows, viz. New Old Cataarrivals. stock, logned. Bales. Bales. Bales. New South Wales and Queensland 25,612 10,800 35,390 Victoria 23,081 18,360 39,207 South Australia ... 11,015 1,510 16,609 Western Australia ... 373 Tasmania... ... ... 323 1,140 1,636 New Zealand 12,281 22,100 36,120 Cape of Good Hope ... 42,198 7,610 31,080 117.888 61,550 163,‘156 61,550 179,438 Of the new arrivals, 300 of Australian and 8500 of Cape wore forwarded direct from ship to Yorkshire and the Continent. Although the attendance generally has been good, the result of these auctions have been anything but satisfactory. Opening at a decline of id to Id per lb. on greasy wools, and Id to lid on washed and scoured, prices gradually receded until about the commencement of the present month, when, owing to a fresh accession of foreign buyers, who were no doubt attracted by the low rates ruling, a slightly firmer feeling prevailed, and the market, though much depressed, presented a somewhat improved appearance at the close. The descriptions showing the greatest depreciation were Cape and Sydney fleeces, scoured Australian parcels, ami the coarser kinds of crossbred wool, washed and s mured. In the course of the sa'es 1854 of Port Phillip, 2624! of Adelaide, and 1604 Sydney of the new clip were brought forward, and tho prices obtained compared favorably with those realised for old parcels. The wool was sound and well grown, although no improvement was percept ible in the condition. Of the total quantity sold, about 85,000 bales have been taken for export, and nbont 34,900 bales have been withdrawn and reserved for future sale, viz., 22,700« of Australian and Now Zealand, and 12,200 Cape. The date has not yet been fixed for the next sales, but they will probably open ahont the 11th or 18th of February, and the fresh arrivals now amount to 22,736, including 5006 New Zealand. WUKAT AND VLODR. A very limited business has been done in the wheat market dnriug the past fortnight, for onr millers do not appear inclined to make fresh purchases so long as their stocks in granary are sufficient for their immediate requirements. Continental buyers continue to purchase freely, the quantity taken for Prance and Belgium being about 150,(100 qrs, per week, but notwithstanding this demand American wheat has declined in price, forward shipments from San Francisco to the United Kingdom being new quoted at 44s per 5001b5., while for cargoes of the new crop arrived here off the coast, only 44s 6d is bid. Adelaide wheat is in short supply, and the demand is inactive. Stocks of New Zealand wheat are declining, and there is a very limited business passing at from 42s to 45s 6d, per 4961bs ex granary, while Australian wheat is quoted at 50s to 51s. Australian flonr is now worth about 28s to 35a for 2801bs, and New Zealand 27sto 30s. TALLOW AND HIDES. The tallow market has been quiet but firm, and prices are about tho same—viz., 37sto 38sfor good to fine New Zealand mutton, and 35s to 35s Od per cwt. for fair to fine beef tallow. Present stock in first hands about 5700 casks. Hides have been in good demand at'fully late rates. Wo quote best heavy ox, 4|d to 61 d; light, Id to4Jd; cows, 4d to 4Jd, second class, 3{d to 4$ per lb. PRESERVED MEATS. Business in tinned moats is almost at a standstill, but tho importations of fresh meat from America show an increase. Daring tho past week 2000 quarters of beef and 240 sheep were received here from New York, while at Liverpool 120 tons of beef and mutton, and 1499 quarters beef were landed from New York, 579 quarters beef and <lO2 dead sheep from Halifax, and 247 dead pigs from Boston. Bank rate, 5 per cent.