Commercial.

Press, Volume XVII, Issue 2248, 7 July 1870, Page 2

Commercial.

TrMAßtr.—The ,4 Herald " of July 6 reports as follows :—The grain market remains without change, but is likely soon to be relieved by exportation. The Lismore sailed yesterday for Melbourne with 5600 bushels of grain, shipped by IVfessrs Turnbull and Tate; and the Wave is daily expected here, and will be loaded for the same market by Mr Turnbull

Wellington. — The "Independent" of July 2 reports: —A depressing influence still continues to effect every branch of trhde, and the past month, like too many of the previou.« once, has been one of disappointment and difficulty. No transactions of any magnitude have transpired, and sales seem to be entirely restricted to small parcels for immediate requirements, with no present indication of any tendency to improvement. Prices on most goods are nominally the same, but in all sales by auction importers have to submit to great reductions to effect sales, and in several instances during the past month the lobs to the importer must have been considerable. The financial statement, with the proposed alteration in the scale of duties, has been the chief topic of interest for the last few days, and in the opinion of those who advocate the fostering of native industry, the change is hailed as a beneficial one, and should have been brought about earlier. We notice with come surprise that bags and wool packs form an exception, and are now admitted free of duty. Ab these articles could easily be manufactured from our native flix, we can hardly account for the omission. An advance of 30s per ton on Canterbury flour was instituted by some of the importers at the beginning of the month, but was not sustained, and prices have reverted back to their old figure. Woods' flour is now quoted at £12 10s per ton, and as stocks are heavy in the South we do not anticipate any improvement in value. At the mills the quotations are £12 to £12 10s per ton for colonial flour; £16 to £16 10s for Adelaide. The stock of oats is light, but owing to the facility of communication with Canterbury, where, from the lafge quantity grown last season, prices rule low, we are lept regularly supplied at rates varying from 2* lOd to 3s per bushel. The Urge crops grown in our own country districts this season wili also tend materially to keep down prices.