THE ENGLISH MARKETS.

Globe, Volume XXII, Issue 2023, 18 August 1880, Page 3

THE ENGLISH MARKETS.

The following is Messrs Miles Bros, and Co 's Colonial Produce Report, dated London, July 2nd : WOOL. There lias been no alteration in the state of our wool market during the past fortnight, and consumers here as well as in France and Germany appear for the present to be sufficiently stocked with Colonial wool, as thero have not been many private enquiries recently. Trade generally is dull, hut there is a more hopeful prospect for the future, much however will depend upon our harvest. During the last few days English wools have somewhat hardened, and should they continue to improve, crossbreds may to a certain extent be benefitted. The fresh arrivals as under amount to 271,795 bales, and the total quantity for the next sales to commence 17th prox. will probably amount to 320.000 or 330,000 bales. Fresh arrivals— Bales. New South Wales and Queensland 76,693 Victoria 39,018 South Australia 12,957 Western Australia 465 Tasmania 12,993 New Zealand 84,835 Cape 44,831 Total 271,795 to which may be added 25,000 bales old wools. WHEAT AMD FLOUR. We have to report a decline in our wheat market, prices having fallen 2s since our last, owing to our improved harvest prospects, and to lower values from America, where the new crap is expected to be even more abundant than that of last year. The large arrivals of white wheats lately to hand have also weakened the market. The demand for the continent continues good, and most of the cargoes at ports of call have been taken for French account. In New Zealands. the Pleiades. 5974 qrs were sold on the 18th of June at 495, c. f. and i., Dunkirk, and stocks here have considerably increased during the last fortnight. Prices in store range from 45s 6d to 51s for 4961 b. _ But only fine, long berried parcels bring the higher price, while good, average samples realise 475. We quote New Zealand flour at 31b to 33s for 2801 b. TALLOW AND HIDES. Our tallow market has been quiet, and Russian T.C. is now quoted at 41b per cwt. There has been a good demand for Australian tallow at the weekly sales since the 17th ultimo, and prices have advanced, the value of good to fine mutton being 34s 6d to 35s 6d, and fair to fine beef 32s Gd to 33s 6d per cwt., which is about Is more money. We do not, however, look for much higher prices, as the arrivals lately have been large, and there is nothing in our Home trade to justify even the late advance, bo that we fear prices will drop when the present Continental demand ceases. Hides continue very dull of sale, and since the last auctions, some parcels of heavies have been placed at J- decline. PRESERVED MEATS. There is still a good demand for most descriptions of tinned meat, and prices remain steady. The arrivals of fresh meats from America continue heavy, but prices are not varying much, except where the condition is a little unsatisfactory. Bank Rate, 2\ per cent.