LONDON PRODUCE MARKET

Te Aroha News, Volume XI, Issue 1747, 3 July 1895, Page 2

LONDON PRODUCE MARKET

WOOL STILL RISING. . AMERICA BUYING FREELY. London, June 30. The English wheat market shows a general decline of three pence and •both it and continental"are lower. A cargo of Victorian wheat by the barque Mandalay has been sold at 24s 7^-d. ’ Wool is in brisk demand.; Merino tops are half-penny dearer everywhere. The American brokers expect an all round rise of at least five per cent when the wool sales open on Thursday, Over fourteen million pounds of wool were sold at the last week's sales in New York, the largest amount ever known. American wool imports have increased to the value of a million and a-half sterling. At the sale of sheepskins 84113 bales were offered:. The competition was keen and the market showed a general advance of a half-penny to ljd. Full wooled crossbred skins brought sixpence - The boom in the iron market continues.

Of the Perthshire cattle, one hundred '■ and; thirty-night were . landed alive. Nelson Bios, report that the clumsy dressing of Sydney beef lessens the price. ‘ k The pork by the steamers Warren abool from Australia arrived in the wrong season and is selling at 2'^d.