COMMERCIAL.

Temuka Leader, Issue 1051, 6 January 1883, Page 1

COMMERCIAL.

ENGLISH MARKETS

Messrs Miles Bros, and Co. report under date London, November 17th, 1882, as follows :

Wool.—Our wool market has been very quiet during the past fortnight, and no further private sales have been effected. In our manufacturing districts business is reported to be still good, and stocks have considerably diminished. The Antwerp sales commenced on the 7th iust., on which day some 4000 bales of Australian and New Zealand wools were offered. Merinos were scarcely so firm as at our September series, but at the subsequent sales of River Plate wool the prices realised were about on a par with those realised at Antwerp in July. With the 37,0u0 bales of old stock, the quantity for disposal at our sales, t« open on the 21st iust., will probably amount to 145,000 bales, against 182,908 offered in November and December last year, which will include some 30,090 bales of the new clip, over 90,000 bales being already here. Wheat, Flour, etc.—Greater activity prevails in our wheat markets, but prices arc nevertheless without alteration. The farmers’ deliveries of Home grown Wheats being in poor condition, millers have turned their attention to foreign and colonial parcels, and cargoes off coast have advanced fid to Is per quarter. The ‘visible’ supply in America lias increased to 17,700,000 bushels, while the shipments on passage from all parts are estimate 1 at 2,074.500 quarters, against 2,495,000 quarters this time last year, blocks of Australian wheats here an; very limited, and purchases arc made vciy sparingly at 49s (M per 4961bs ex granary. New Zealand is in fair demand, owing to the scarcity of English wheat in really good condition Good long-herried parcels arc now Worth lbs to 40' fid, an I a fair to good round-berried 42s to 11 < per 49filbs. Parley is firm, and New Z-a land is worth from 34s to 40s per 4481b5, according to quality. Fine heavy oats are slightly dearer, being quote 1 at 30s to 35* per 3841b5, and ordinary feed 24s to 27s per 33filbs. Beans are dearer, the present price being 44s to 46s p' r 5041b5. In cons qneucc of the heavy supplies of American flour colonial parcels are slightly e-v icr. We quote superfine Australian, 33s to 33s 6d ; fine, 27s to 21 s ; and New Zealand, 3ls to 33s per 280 lbs Tallow, hides, etc. —Good to fine mu'ton brought 425. 6d to 45s fid and

fair to fine beef 41s to. 42s 6d per cwt. Stocks in first hands now amount to 4200 casks, .'.Nothing to report oil hides. Next auctions fixed for Thursday, 23rd inst.

Money.—Bank rate, 5 per cent

The New Zealand'.Loan and Mercantile Agency Company report under date London, January 2nd, as follows : —■ The wool market is unchanged. In the wheat market there is no alteration to report, and prices remain without quotable change. The tallow marketis flat, wiili an absence of 'Speculative demand. Best mutton is worth £44, and best beef £4l 10m Best sides of leather are vvoith lid per lb. ‘ The New Zealand flax market is quiet. Fine quality is worth £27 per ton/