ENGLISH COMMERCIAL.

Press, Volume XXVII, Issue 3644, 14 March 1877, Page 2

ENGLISH COMMERCIAL.

wool. J Messrs Milea Brothers and Cα report on January l Trade in our manufacturing districts is fairly brisk although from the continent recent aovieee are scarcely so satisfactory as they were and at the sales of Kiver Plate wool, which opened at Uaxre on the 16th met, prices declined about id per lb. This depression may nn doubt be traced to "great i extent to the long unsettled state of * n t *« East, but now that matters have been tawrht toa close, although adversely, we think that business wiU improve. Dealers here appear anxious to purchase it rates ruling last sales, but importers • prefer taxing their chance of a firm market at the Eseries. which will probab.y epen about the 20th prox.. with cay 2*0.000 bales, when price*i are freely likely to decline as stock. «c expected w be lower than they have been for some years past. ] The arrivals to date are— Bales. N S. Wales and Queeneland ",265 Victoria Z |-?,J South Australia B ; Tasmania 540 i New Zealand on ask Cape of Good Hope 26 ' 435 Total ... .., .- ••• •• 78 ' 95e WHEAT AND FLOOR. Messrs Miles Brothers and Co report:— InConsequence ol the protracted wet weather the wheatniafket continues to harden, and although The artivale at port* of call have increased considerably higher rates are neverthelese obtained, and bnyers have al«o been anxious to operate forward at iw advance of about 2s per qr. over current "atee forcargoee of Califomian to arrive in about three or four months'time; the prospects for the next harvest in the Pacific States not being considered satisfactory, owing to the deficient nfafUL Supplirsof Australian wheat on passage are limited, but Tin consequence of reduced stock* any parcels arrived or near at hand command full rates for mixta* with damp home grown Produce. The small quantity of New Zealand wheat in the mark t is held for firm prices. The total supplies afloat to the United Kingdom are estimated at 1,983,609 qrs, and the granary stocks in tbe United Kingdom at the end of last year were 1.368.174 qre. against 2 «6,700 qrs on the Slst December, 1875. We quote exeranary. Australian wheat, 568 to 58sper496 lbs, and New Zealand 53s to 56*; Australian flour, 37s to 42s per 280 lbs, and New Zealand 31b to 375. Messrs Burrows and Perks report:— The rise in value is most marked on American red descriptions, which are very sparingly offered from the other side, while white wheat has been bought very cautiously, and only by millers ab»o lutely in need ; the large quantity of Call ornian on passage, and much of it near at hand, inducing speculative buyers to hold off. Beet Adelaide wheat o? the last crop Iβ now worth 56* to 57e 6d Weevilly parcels, 53s to 545; fine samples of old, S7s to 68s; 2ndl TaUanian or New Zealand 62s to 568 all per 4961b ex store. The stock of Adelaide wheat here is now in a very moderate compass, but much of t is becoming more and le« tull ot weevil, the result to a great extent of the unseasonably m Id weather here this winter. Beat superfine Adelaide flour Is worth from scarcity 41e to% line 368 to 38s and hctnetulds, 328 to 34s per 28010 ne»,ex store. There have been but few arrivals daring the mouth. The Dilbhur, with flour, from Adelaide; the smallparcel of wheat by this ship was sold after arrival at_s4s per 4301b c f and i., Adelaide terms. Our stocks of wheat Iα London were on Sl.t December 346.000 «utta, oeiue a decrease dnrin* the qnarter of 81.000 quarters, md since Slat December 1875, ot 212,000 quarters! Flour al*o showed a falling off during the year of 36,000 barrels and 3(5,000 sacks, being, however.a much smaller decrease than thatot wheat. The stock in all the principal ports of the United Kingdom was 1.360,000 quarters against 2.330.000 quarters at the end of. 1876, the stock being at that time unprecedented!? large. Againet the above reduction ot- 1.000.WO -quarters, there are over 500.000 quarters more on passage than at.thisi time last rear, there being now 353 ships with 1,859,000 quarters, against 282 with 1.330 000 in the corresponding week of 1876. and 355 with 1,604,000 quarters in 1875. In addition to the above, there are also ISO.OOO quarters on passage from California and New York, of particulars were telegraphed too late to be Included in the above statement TAM.OWAHD HIDES. Messrs Miles Broe and Co report :—The tallow market still remains dull. andjßuseian TCi has further declined «d. the quotation to-day being 43s 6d. Australian tallow has been, in limited demand, with scarcely any alteration in value, the price to-day of good to fine New Zealand m^!*? n being 42s to 43s 3d and beef tallow 40s 9d to 4ls 3d per cwt. Hides confeinoe quiet at about late rates, out the tendency is downward,. We quote best heavy Mew Zealand, *a'td' Hd, and light ox and cow hides, 4jd to 4|dl>ef lb: ' " PRKSLKVED MEATS. Messrs Miles and Co report:—There are more enquiries for tinned meats, but they are chiefly confined to American beef, which is preferred on account ot the great care bestowed on its preservation. Price* have been ruling very high, viz, Sid for beet and 6id for mutton (61b tins), attributable in a great measure to speculation on the chance of war but as these purchases wiU now probably be placed on the market and added to the stock. which are gradually accumulating. It is .not probable that rates will be maintained. Melbourne. —The "Argue" of March 6th reports —In the import market business continues to wear an exceedingly quiet aspect, which even the arrival of the mail appears as yet incapable of relieving the utmost dulneea having pervaded trade In all its branches throughout the day. Breadstuff* have not been marked by much activity. Enormous quantities are still coming forward from the country districts, and buyers generally may for the moment be lees eager to operate, but sales are, notwithstanding, being effected at the extreme rates hitherto ruling. Flour is moving ofl "lowly In trade parcels at £14 12s 6d to £14 15s. Wheat, on the other hand, i» wanted, and sales are effected at 6s Bd. We hear, amongst other sales, of 500 bags hav-ine changed hands on this basis of quotation. K«Kiinsr grains are quitted steadily, but only in trade parcel?, no large lines oeing taken up. Of seed qualities of oats sales are reported at 48, trade parcels of fine feeding have been placed at 3-» 9d, and of heavy feed at 3s 10d. Maiae Iβ to moderate demand at 3s Bd.. Sugars are in fair request for trade purposes. Sales, of brewing qualities are reported at £37. The balance of a shipment is also reported to have changed hands on private terms. Teaa are going off quietly in ordinary routine sales, but nothing more. Good common congous have been disposed of at Is ltd. and sales ot fine congous have been made at Is 9ci to Iβ led. Boxes have also been quitted at Iβ 7d to Is 9d. Candles have had attention. A line ot 400 boxes Brandon's has been taken up for export at 9d per lb in bond. A small parcel of D R.O, the balance of a shipment, has been disposed of at lid. thus sbowiug an easier feeling. Sales of currants are mentioned at fid, and turther business Iβ pending at the price. Halves sardine* are inquired for. bnt there are no sellers at the rates offered ; 7* lojd to Ss is still required, and a slight concession might lead to business. The arrival of the first cargo of new Patna rice per the Cingalese, has created some stir In the market. Numerous inquiries have been experienced, and several parcele are now under negotiation. The higher cost in Calcutta this season will necessitate the market opening out here at a correspondingly hUh rate. The quality ot the rice is very good Indeed. In liquids we have nothing special to refer to. Advices from Ogniac confirm those received some time ago by telegraph. Messrs Heuneesy and Co, under date Cogniao, January 11th reported that their price for 1875 vintage wae 230f per hectolitre in hhd, while for 1874 vintage 230f -was required ; at same time, however, reserving a right to execute orders or not accordinz as their stock would permit, remarking in addition that the market in Charente justified higher priced still. Adelaide.—The "Observer" of the 3rd reports:-Themarket opened firm, with wheat at 6s 5d per bushel for large shipping parcels, and &j , Id to 6s 3d for small lots, and at about these prices sales were effected. On Tuesday a sale ot a parcel of 15,000 bnsbelo wae made at 6» 6d per bushel to a Port miller, and since that we h»ve no sale* of parede reported. For large parcels the price quoted ' to-day is 6e6d to 6a 6d, and market easier; for small lots 6s 3d to 6s 4d is readily obtainable. Flour in oar last was firm at £15 Sβ per ton for town, and for conntry £1415«. On Saturday a sale of 100 tone of town floor in sacks was made at £15 9e 6d per ton, and on Tuesday 200 tone at £15 sa. Quotations stand to-day—For town flour* £is Ss to £15 108. and for country £14 10e to £14 15*. Bran and pollar i are quoted as being worth from Iβ 4d to ls«d per bushel, and the market quiet. *or Kew Zealand oaUSa 2d to 3a 44 per buenelie quoted as being the value. The following telegrams from Adelaide appear in the " Argus" .—March 3rd— Ten thousand bushels of wheat sold on the wbart at 6s «Jd. The market ie easier, and wheat la offering freely. March 6th-Salee of wheat have been made at 6« 4d to 6« 6d. Large parcels of country flour sold at £1410 a.