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LONDON MARKETS.

- " ~woot;. — Mr Helmuth Scbwartze reports on April 18 : — Of the 177,027 bales "arrived in time for these sales, the following quantities have been catalogued up to date — Sydney, 9677 bales; Port Phillip, 18,360 do ; New Zealand, 4240 do , Adelaide;, 5463 do ; Van Dieman's Land, 1071 do ; Swan River, 1035 do ; Cape, 3670 do; sundries, 82 do; total, 43.598 bales. The attendance of both the home and foreign trade is large, but the buyers operate cautiously, and limit their purchases to immediate requirer;ments, which so far have proved sufficiently extensive to sustain prices at much the same level they occupied at the close of last series. This applies particularly to wools having a claim to breed and character j on- inferior descriptions, especially lon heavy grease wool, there is a fall of about Id, and occasionally more. This is, of course, comparing the present prices with February closing quotations. Taking the highest period of last series, the difference is greater. Lambs, locks, and pieces are also about Id cheaper. It is not astonishing that the decline should confine itself to inferior wools, for the disproportionately high level on which they stood in February was sure to lead to a readjustment sooner or later. The position of the trade remains satisfactory, thoughjconsumption is not in allquarters so. active as a; few months ago. In France there appears to be a fair stock of wool, but in England^ and also in Germany, the trade is but poorly supplied. It would be valuable ito know exactly the state -of -production in the colonies, but owing to the difficulty of arriving at a correct estimate in such a matter, the advices j received from Australia have so often proved fallacious, that little weight is now attached to them in this market. Taking the latest estimate — a falling off of about 10,000 to 15,000 bales— and bearing in mind the quantity gone to America, there should not, after these sales, be a supply much larger than about 350,000 bales for the last three series !of the year. With such a quantity, the industry, in its present healthy condition, should be well able to deal, and as there is no prospect of any outward event interfering with the course of trade, the present value of wool appears to have a good chance of- being substantially maintained for the remainder of the year.Quotations— New Zealand fleece, superior, 2s 3d to 2s 6d ; average, Is ll£d to 2s l£d ; middling, Is B£d to Is lid ; greasy, average, Is 3d; to Is 4d ; middling; Is -Id to Is 2d. Bank rate; 4 per .cent. . \ . SSW ZEAZASTD HEMP. The market continues very good, and wellcleaned parcels are taken -at full rates, with strong competition. At the auctions held since the date of our last 37 bales Auckland sold at £40, and 13 bales tow at £14 per ton ; 120 bales Wellington at £3,1 to £36 15s, and 4 bales tow at £14 to £15 per ton. At the latest sale, Held on April 11 , 290 bales New Zealand met a steady demand, and chiefly sold at previous rates : low medium to medium/qualities- at £33 to ,£35 10s ; good to fine dressed, £36 15s to £39 ; tow, £15 15s. Of 200 coils New Zealand rope; 49 coils f -inch sold at £42 ; the "remainder, 1 to 2-inch, bought in at £42 10s to £43 per ton. ; - hides. ■ Only a limited quantity, consisting of 1278 New Zealand have been brought forward, of which 911 found buyers as follows : — Fair to good, Ist heavy, 6|d ; do light, 7£d ; inferior and second class, 6d per lb.' I ' ' " HOBNB. ■ ' :' : T ' New Zealand, average, llf oz, 31s; average 10i oz, 25s per 123. BONES, Shank are now 1 worth, for good to fine quality, £20 to £23 ss ; common and middling, £14 10s to £19 2s 6d ; common grinders, for agricultural purposes, £6 to £6 10s. Hoofs, £7 to £7 17a 6d per ton. — '•■'• MAEEET HIDES; . The supply has rather increased during the past month, and, following the course- of the leather-trade r prices have a tendency downwards, and we quote all classes 2s to 4s per hide lower.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/ST18720607.2.4.3

Bibliographic details
Ngā taipitopito pukapuka

Southland Times, Issue 1588, 7 June 1872, Page 2

Word count
Tapeke kupu
694

LONDON MARKETS. Southland Times, Issue 1588, 7 June 1872, Page 2

LONDON MARKETS. Southland Times, Issue 1588, 7 June 1872, Page 2

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