SYDNEY MARKETS.

Waikato Times, Volume XXV, Issue 2035, 23 July 1885, Page 2

SYDNEY MARKETS.

Mkshiis M<mr \vi> Co, Limited, report undur il.itc, .Sydney, July 10 :— Wool : Auan.il at this tune of the year, the quantity available for tho local auction -ales is extremely limited, and generally not of a chai.ictor to afford full test of the effect on the Colonul maikets of the recent heavy fall in London values. Accounts from hnpland continue to be very unsatisfactory and disappointing, and prose tho soundness of the advice to avail of this market as far as possible jn tho disposal of their clip, which we tendered to growers generally at the commencement of the season. Whatever may be the cause of the present depression in the London market, whether arising from recent political complications, or from over production of wool, or from defective condition, or from all three causes combined, it will, we think, be more than ever good policy on the part of grower*, not only to grow wool of the highest type, but also to see that the utmost possible care n taken in its preparation for market. Foreign as well as English buyers hay proved themselves veiy anxious to do business with us on tho spot, and if growers met the market more freely they would no doubt find, as those did who sold last teaaon, that they would receive full value for their clips. As we have repeatedly pointed out, a large proportion of the wool now bought in the Sydney market goes direct to the manufacturer, who, if he gets what he requires, is piep.ued, as h.is been proved, to give a much higher price than the mere speculator cm afford to offer. Wheat.— There has been no movement in { thin market during the month, and arris. »ls from the country have been extremely small. Best samples of New South W.iles wheat are worth up to 4s per bnshel ; othei sorts in proportion.— Oats.— The demand for feed has remained steady at 2s 2d to 2s 4d, with full supoly. Seed oats are dull, nominal value being 2s lid to 2s 9d per bushel.— Maize.— Only slight variation has been noticeable in this market. The demand has been, and is, quite equal to tho supply, but prices now are about Id to ljd per bushel lower than at the baginning of the month j We hase sold a considerable quantity at 3s to 3* Id, and quote value to-day at 2s lid j to 3<i per bushej. 15,\rley.— No improvement has taken place under this head, and sales are difficult to make except at losv frice«. Quotations : Knglish malting, 2s d to 3s ; Cape seed, 3s to 3s 3d. Bran ■ells briskly at 12W to 13d per bushel, and pollard at l'2d to 12 W.