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Newspaper
Armidale Chronicle
Location
Armidale, New South Wales, Australia
Date
Jul 14, 1900
Page
7
A. W. Lane lists latest Commodity prices from Saturday sales. Butter rose to 19d per pound and bacon to 8d per pound, with dairy products and hams showing varied rates.
H R Carter reports the wheat market largely unchanged with small sales at Darling Harbour and Adelaide. London prices show ships not justified, Melbourne sees steady activity around 2s 11d to 3s per quarter, while Australian cargo quotes range from 30s to 80s.
Owing to high wool in the background the election catalogued entries reveal limited attraction. Crosbrid wools led with 74 800 bales passing through, prices easing from 10 to 12d for middling, while coarse wools fell 5 to 7d. Coarse mixed and inferior parcels moved 5d lower, and scoured crossbreds showed a general decline as Australians called irregularly.
The notice lists dairy Batter at 11d to 1d per lb and Butter at 12d per lb, bran 4s 6d, pollard 6s, corn 104 6d per bushel, oats 2s per bushel, peas 9d per bushel, flaxseed 14s per cwt, and honey at various local prices. Flowering plants and palms priced per head or per plant with eager buyers at fair rates.
The third wool sale series concludes with 134000 bales sold from 167000 carried forward. Prices show a 5 to 10 percent end surge yet Bradford and Continental values remain unchanged. Brokers Baxter Co. note an initial 10 percent fall from March quotations amid weak trade and frequent 10 to 15 percent discounts.
The article traces a slump in ultimate markets with a glut of imports under liquidation. It notes limited consumption of merinos due to high year end prices, stock starvation by spinners, and a cautious shift as prices ease slightly from last year. It cites a modest turn in the second sales week and uncertain future value levels affecting fine wools.
The article notes ample wool supplies with active trade and large consumption, predicting little future price fluctuation. It cites upcoming sale volumes around 250 000 bales, current exports of 5 300 bales, and a held forward stock of 167 000 bales amid a generally cautious retail response and steady London sales verdict.
Actors that long intervened still militate against higher turnover and topmakers are told they must accept lower prices before trade can flow. The erratic Continental futures market harms Bradford with constant price rises and falls signaling weakness. Topmakers could trade if they shaded prices, but Bradford is lower today and they see no need to concede.
The voyage to St Helena aboard the transport ships carried Boer prisoners many of whom had never seen the sea. Officers impressed with bravado and stories, including Wolmarans and Count Pierre de Breda, traded letters and memories while others feared the voyage and mourned farms left behind. A Frenchman and a Kosnian were identified among the group. A baby visit and jokes about adopting the child lightened the tense journey.
An excerpt from The Times discusses influenza in early stages, urging maintenance of general health to bolster the system. It claims many cures only offer temporary relief and promotes Bile Beans for biliousness as a protective and curative remedy, endorsing it for influenza and related ailments.
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