ENGLISH MARKETS.

Temuka Leader, Issue 1160, 13 October 1883, Page 1

ENGLISH MARKETS.

London, Oct. 5

The wheat market is very depressed. Adelaide, ex stole, is worth 42s 6d ; New Zealand do, 40s;to 425, Adelaide flourYex store, 1 335.

The market for Australian tallow is firm, i Best beef, 40s 6d ; best mutton, 42s 6d.

Oct. 10

The market for colonial breadstdffs continues 1 Repressed, and a general fall in prices has taken place. To-day quotations are as follows :—AdelaideWheat - i : ■ - ex store, 455; New Zealand do, 38s. 6d to 43s 6d ; Adelaide flour ex warehouse, 325. : ■ -

1 ,; Tlie New Zealand Loan and Mercantile Agency Company, Limited, utider date London, August 24, reports Wool-—The third series of colonial /Sales 1 commenced / here on 21st inst. The fresh arrivals amounted to 441,713 From this total have to be deducted about 50,000 bales; forwarded intp conbamption, while about 22,000; bales h.eld over from the second series must, be added, making the net quantity atj;; present available about 413,700 !bales.. jft is to be regretted that the policy adopted as to the limitation of arrivals available for the first and second series, which on more than one [oocasion has proved of serv'ce in the regulation of supplies and the consequent maintenance of values, has not been ifoillowed in the case of the present sales. Experience has shown that, having regard to the proper distribution of supplies throughout any one year, it is, desirable that in no series the ( fresh arrivals should be allowed to exceed an , aggregate of some 350,000 bales, and ■ there is nothing in the existing situation to warrant a departure from this wholesome rule. The opening catalogue comprised the following assortment,, 1 viz,! c —New tsouth Wales and Queensland,: 2345 hales ; Victoria, 3040 ; South Australia,’439 ; .Tasmania, 286 ; New 'Zealand, 2396;;'; T Cape of Good; /Hope,. 2893; total, 11,899 bales. fairly, representative,, of the*

different descriptions to be .dealt with during the currency of the sales, the

catalogue iticHided',; but few .standard brands, and consequently did not afford a complete test of the position and prospects of the market. Home buyers were present in good numbers,:; but the general attendance vras ' : sdarcfelf2a full average. Competition was only moderate, consumers; being; apparently unwilling to commit themselves to freely purchase thus early in the series, So far as the results of an opening auction afford opportunity of making a com* parison with the eloßing fj tie preceding series,! the rfcllowingituvould appear tobe in the : present ,i nstap,ce,' Good 1 and superior merinb'produce' maintained its position, any Slight /Variation being, however, in favor of. buyers,; ' Medium and faulty, more especially those from New youth Wales and;, Queensland, were hardly saleable] at a less decline than Id per lb. , Crossbred s / sold somewha.i irregularly,, the coarser * qualities making a reduction of |d per lb. while really fine descriptions ( were practically without change. Lamlw’: wools realised full prices. j Cape wools as a rule suffered a depreciation of about per lb.r Speaking generally, the decline in values may be called nearly five per cent, About , 3000 bales were withdrawn on'the first evening. tiince the first day tlio market has been firmer, last, night’s auction haying passed off with . more, even competition at fully

opening rates. Corn Market. During the pant fortnight the weather has on thes I whole proved favorable to : 'farraets, although the,earlier portkmvlacked r the hot sunshine so necessary 'for'the proper ing of the crops, fiarvest, operations are now general in the Southern Counties, and, a fcw 1 samples "of ( nw wheat have already . been^ exhibited '! at Mark Lane, growers evincing .some eagerness to realise promptly. Where transactions; have been’ repoked,, j condition of the wheat, as a rule, has been fair, and tho'qtiality ! g6od!' ; Slockß in granary . h'-.m®h: V\ .1, 8 , are stul/increasing, and in the., event of a continuance of recent heavy foreign arrivals, if farmers prtsss their deliveries, the trade cann'Qt.;r.fal)fi'to be overweiglied ;on the other baud/'-it is now certain on the’ of Europe laud'most probably in America the.crop,will fall/considerably!under the average, and consequently higher prices

ar'e looked for. 'Under the inflneuce of the brilliant,weather of,’the past week prices Jiaye ruled in far.or of buyers, the

advance’ advised in our last circular has been completely, dost,, and all activity has for the present ceased. With an entire absence of to-day’s quotations ex granary are; nominally as follows -Wheat, Australian, 48s to 4sa, per 4961bs ; wheat,' New Zealand, loiig-bertied, '47s to ’49s; do, do, average,;4ss 6d, f to 46 6d ; do, do, inferior, ,40s to 435. .Flour, Australian superfine, 32s 6d to 33s 6d, per 280 lbs gross ; .do, do ( : fihh,’ 30s to 31s; do, New Zealand,Patent# ,32s 6d to 33s 6d ; do. do fine, 29s to 81s. Barley, New Zealand, 34s to 86s per, 4481b5. Oats; New Zealand ; fine, 82a to 345, per Imperial qr, ; do, do ! i ordinary, 26s to 27,5. . Beans,. New Zeajand, ordinary, 40s to. 41s 'f|; ' r 1 11 i mi £ >