NEW ZEALAND PRODUCE MARKETS. The New Zealand Loan and Mercantile

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

NEW ZEALAND PRODUCE MARKETS. The New Zealand Loan and Mercantile

Company rerun t under date, Christchurch, July ll.th :— Wool.— The third series of colonial wool nales for the cvi rent year closed on the 10th inst. The total quantity catalogued was 3.Vi,000 bales, of which the large proportion of 70,000 was withdrawn. This affords - «*-an-index of how unsatisfactory values Jiave been during the series. From the cable messago sent by our head office, we learn that the sales closed at an average decline of nearly 7h per cent, on the closing rates of last series," except for long-stapled merino light in the grease, for which the market is unchanged. For superior merino lambs', the market in firmer, while greasy coarse cioss-brcd is easier. The Home and German demand w good, but the inquiry from eisewhere in poor, excepting on American account, for merino long stapled light in giea-e, which in good (JOOO bales have been nought for America, and 139,000 for the Continent. Au'Kl.anm>.--A few bales of station lots have reached the market during the month, and the prices obtained for half-bred medium ranged from 5/d to (>UI. GuAi>r. — (JmuhicHtKCH. — Wheat: A slightly firmer feeling prevail*, consequent in a gieat measure on the demand from Australia, and the repotted deficiency of the United States new ciop, which is estimated to be some 1)0 million bushels ihortof last year's yield, and 100,000,000 ■hort of an average season, but quotations do not hhow any appreciable ad\anco in values except m Tuscan parcels which aie in more request than hitherto, and sales have been made at 2,10 f.o.b. Winter varieties arc held in many instances for 3/ and over buyeu meanwhile are disinclined to operate at that figure. Auckl\ND. — Wheat: The millers are fully stocked, and business is extremely quiet for this cereal. The arrivals for the month of Jnne reached a total of some 0,100 bags, but almost the whole of the shipments were millers' orders. Oats : The quantity arriving from southern potts has been fairly large, and we should say fully 7,500 bags entered this port during the past month. Prices are lower than havo been ruling for some time past, and it is with difficulty that 2s to 2s Id can ho obtained for primest samples, whilst inferior are •imply unsaleable. Fhozen Mkat. — There is no quotable change to leport in the price reali-ed in the London market during the month under review. From ca-ble advices we learn that New Zealand mutton is .selling at ~>\d to sid, New Zealand lambs at 7{d to Bd. "Dunkiun.— The woiks at Burnside have just finished part cargo for the h.s. Rimutaka, and are now prepaimg a shipment for the s.s. Tamui. CmusTC'iit/KCH.— The *>.s. I»nic nailed on June 24th flow Lyttelton, via Wellington, for London, carrying hence 5,734 carcases mutton, and 113 quarters beef, and was followed on July Bth by the s.h. Aorangi for London direct, with 3,7W carcases on board, from the Belfast Works. Slaughtering was discontinued from Jnne 2Gth to July 13. There arc now beinjj prepared at the Belfast Works 4000 rarcases mutton for the s.s. Rimutaka, v\ hicli sails next week. The ss. Tainui follows tlio Kimutaka, and is oxpected to load 7,500 carcases from this port. Auckland.— The s.s. Aorangi arrived on 28th ultimo, and two d.iys afterwards the New Zealand Fro/en Meat and Storage Company, Limited, placed their shipment of frozen mutton on board the vessel for consignment to London. The time occupied was 10 hours, and the airangements were so perfect that the total quantity of 7, 0H0 carcase* mutton and K8 quaiteis beef was safely shipped in that short time. The New Zealand Frozen meat and Storage Company's works are now almost com Eleted, and show a magnificent pile of uildings on the water's edge and adjoining the wharf ; they offer every facility for rapid and safe shipment. The above Company are now preparing another shipment of about f>, ooo carcases mutton for the s.a. Doric due here about a month hence. WEiiMN'.rON. — The sailings since last report have boon, s.h. lonic on tho 4th inst., nnd the s.s. Aorangi on the (>th inst. Tho former took on board at this port. JK)S carcases mutton, 054 pieces beef, 1 tl hindquarters mutton, 1,073 legs mutton; and the latter 2,05)7 carcases mutton. Caigo is now being prepared for the s.s. Kimutaka Napiku.— Since last advice the following fihipment has been mado from this poit per s.s. lonic: — 'S,"ji"> carcases, 207 leg-, mutton, l'l>"» quartcM beef, 5 cases kidnoya, and 4 mues tongues.