THE ENGLISH MARKET.

Globe, Volume XXII, Issue 2079, 22 October 1880, Page 3

THE ENGLISH MARKET.

The following is Messrs Miles Bbos. and Co.’s Colonial Produce Report, dated London, September 9th:— WOOL. The increased firmness noted in our last report has continued, and the sale room has been well attended, with fpiritad competition for really good wool. Although prices are not eqnal to the closing rates of Juno, good combing merino wools and crossbreds are certainly firmer than at the opening of the present series; but low quality and faulty descriptions are dull of sale, and show no improvement. About 167,000 bales have passed the hammer, of which about 13.000 bales have been bought in. The present sales will close about the 30th insi., and for the next sales, to commence on the 23rd November, 24.000 bales have arrived, including 6413 bales New Zealand. WHEAT AND 3TLOXJB. The wheat market is dull, and prices are still declining. Heavy shipments continue to be made from America, and have amounted during the past fortnight to 1,086,000 qrs., while the wheat harvest there is estimated at 500 millions of bushels, of which about 23 millions of quarters will be available for export. Sales of red winter for shipment have been made at 40a per 4801bs c.f.i. New Zealand wheats have been neglected, the attention of buyers of these descriptions being now turned to our new English wheats, and some heavy arrivals from New Zealand have tended to further weaken the market. "We quote South Anstralian wheat, ex store, 45s 6d to 46s ; Victorian, 44s 6d to 45a fid ; New Zealand, Talavera, 45a to 465, average quality 42s to 445, inferior 38s to 40s per 4961 b ; Australian flour, 31s fid to 33s ; and New Zealand, 29s to 31a per 2801 b ; New Zealand oats, 26s to 34s per quarter imperial. TALLOW AND HIDES. The tallow market during the past fortnight has been somewhat irregular, ana the value today of good to fine mutton is 36s to 375, and fair to fine beef 33a fid to 34s fid per cwt. The sales since the Ist inst. comprise about 1350 casks, and the stock in importers’ hands is about 8600 casks. There have been no sales of hides since our last, and the quotations are therefore unaltered. preserved meats. Tinned meats have been in good demand, the hot weather having caused an additional enquiry, and prices for most descriptions have been fairly maintained. Mutton is a shade dearer, but boiled beef is still low. In fresh meat the market has been extremely quiet both for live stock and dead meat. Bank rate 21- per cent. Messrs Eedpeen, Alexander and Co. report under date London, September Bth : Since onr last report the_ wheat trade has ruled exceedingly dull and prices have declined 2s to 3s per quarter for English and American sorts, consequent upon the large arrivals of foreign wheat and the weather having been all that could be desired for harvest operations in this country. The English crop is now almost all harvested and results in nearly an average yield. Thera is at present little or no demand for foreign wheat, the new English attracting the attention of millers, and which is selling at from 38s to 40s per quarter. Later on, with unsettled weather, there may be a revival in the trade and prices may go np a little, while, on the other hand, it is not expected that values will recede much from to-day’s quotations, which are:—For finest Australian wheat, 45s to 46s ; finest long berry, New Zealand, 45s to 46s : finest short berry, New Zealand, 42s to 43s ; ordinary. 40s to 41s; secondary and out of condition, 35s to 395. All per 4961 b. ex store. Australian flour, superfine, 33s to 345; New Zealand ditto (none here), nominally, 30s to 31s per 2801 b. ex store. The shipments last week 290.000 qrs. wheat, viz,, 270.000 qrs. to the Continent and 20,000 qrs. from California. Visible supply, 14,400,000 bushels. Several cargoes of Australian off coast have been selling at 43s fid to 4-la per 4801 b. o. f. i. Arrived cargoes of red winter wheat off coast have been selling the last few days at 41s to 41a fid per 4801 b. c. f. i., 1.1. Three or four large cargoes of New Zealand wheat have lately arrived off coast, but there being no sale for them they have been ordered np to London to he landed, sorted, and sold. New Zealand oats vary in price according to quality ; value of those weighing about 461 b. per bushel, 33s to 34s per 3681 b. ex store.

Messes H. and J. Haet report under date London, August 23rd: Currants—On the strength of reports cf damage by rain to 20,000 to 30,000 tons exposed for drying the market experienced an important rise of 3s to 4s per owfc. Prices have since receded Is, in the face of heavy stocks and deferred trade. New fruit— The first arrivals will bs hero about the Ist September. We expect a season of fair quality and low prices. Valencias—The first cargo, 220 tons, arrived on the 21st, and has been disposed of at an average of 29a short price. We fully expect to see much better fruit at much lower prices. Sultanas are quite out of the London market. The new fruit, which is much wanted, will not he here till early next month. Elemca and mnscatellea—We have good reports from all districts. Figs will be in good supply ; prices favorable to buyers. Jordan almonds—A much larger yield than last year; prices should be very moderate.