BY TELEGRAPH.

New Zealand Herald, Volume XVI, Issue 5394, 1 March 1879, Page 4

BY TELEGRAPH.

WELLINGTON. February 2S.—Mr. O'shea reports : Adelaide oou ex store, £14, to arrive, £15 ; Canterbury, £0 to £9 10s; oats, old, -Is; potatoes, £7 to £7 103. No transactions in shares. CHRISTCHUKCH. , February 2S. —Grain and seed : Business this week has been in most respects similar to that of last week. The trade continues inactive. Wheat is being shipped in large quantities without passing through intermediate hands, and r nearly every vessel in the port has a share. It cannot, however, be anticipated that any very satisfactory returns will result from this course, judging from the present low rate ruling in the English market, while abundant and increasing * supplies which were arriving at homo from fresh grain-producing areas must augment the usual supply of former years very materially, without » a corresponding increase in the demand. Prices , are not likely to become any firmer than already quoted by last advices. Wheat: There have , been few sales ; first-class milling still quoted at os 2d to 3s 3d; others, inferior sample, 3s or a shade lower. Oats changed hands freely at 3s to 3s Id for good bright samples; for heavy 1 milling oats, 3s 2d; feed quoted at 2s 5d to 2s Sd. Barley: The demand continues active without bringing out many sellers, choice lots fetching 53 Gd to 5s 9d ; good average, 4s 6d to ss. Potatoes: Business quite a nominal, small lots for local supply, £5. Flour : Steady moderate demand, quotation being £S to £9, according to brand. Bran and sharps 7 remain unchanged at £5 to £5 10s. Grass seed : —I»ye: Great many prime samples offering. Dealers not inclined to purchase more than ! , present orders require. First class dressed samples, os Gd, while inferior lots are only command- i ing 4s Gd to 4s 9d. Several very large parcels of Xorth Island cocksfoot have been offering during the week without bringing out buyers. * Merchants apparently are not disposed to operate in excess of present orders, but anticipate more extensive sales of this description of grass seed during the coming week. Dairy produce : Butter is only in demand for local consumption, the price being lOd to Is ; cheese, Is 2d to Is 7d; hams and bacon without alteration. TIMARU. February 28.—The grain market is quiet. The quantity coming forward is small, and farmers are in full swing. "Wheat, 2s 9d to 3s ; oats, 2s 3d to 2s 9d; prime milling barley, 4s 3d to os, for best milling. General trade satisfactory. OAMARU. February 2S.—The grain market is dull, and farmers are not inclined to sell at present rates, and deliveries are, in consequence, very slow. 1 The following are the week's quotations : New wheat, 3s lOd to 33 5d t according to samples ; ' oats, 2a Gd to 2s Sd ; barley, 4s 9d ; potatoes, i £3 ; flour, £9 to £9 53, f.o.b. ; bran, £4; pollard, £5; oatmeal, £20, f.0.b.: pearl barley, > £26. DUNEDIN. 3 February 2S.—Mr. J. Fleming reports :— 3 Wheat, 3s Gd to 3s 9d; fowls' feed, 3s to 3s » 3d; oats, new, 2s 6d to 23 lOd ; old, 3s Gd ; barley, 5s Gd to Gs Gd; feed, 3s to 3s Gd ; 3 potatoes, £5 to £G; hay (new), £4, (old), £G; e chaff (uew), £4, (old), £o 10s ; straw, £2; bran, * £4 10s; flour, large bags best quality £10, small £10 10s; oatmeal, £13; pearl barley, £2G ; onions, 9s per cwt.; cheese, G.Hd; bacon, 9d. Dues received by the Customs during the month of February amounted to £34,15117s 4d. L INVEKCAKGILL. I February 28.—Transactions in commercial circles continue limited to actual trade requirements. Flour has revived to £10 per ton, but for fair-sized parcels a shade less would be accepted; bran, £7; pollard, £5 15s. Harvesting operations are now pretty general : throughout the district, and the yield is ascer- \ tained to be a fair average one. Cornsacks q are getting bought at from 9s Gd per dozen. Henncssy's case brandy commands 355, i bulk 10s 9d, in bond ; case brandy 255. Guiness's stout, 12s; Johnson's ale, lis Gd; t Sherries, at from £7 per quarter, in bond ; a 3 line of Captain Cook was taken up at Is 5d ; various brands, Is Gd. Building materials n going into the hands of the trade ; 27s lOd best •j English iron; Welsh slates, £10 per 1000. a Cement only brings 18s, owing to tho glutted state of the market. The sharemarket is dull, and quotations are unobtainable. Mr. F. r Martin, on behalf of the New Zealand Loan and Mercantile Company, reports ;-Fat cattle { in full supply ; prices moderate. "Wo quote : Best bullocks, £11 to £11 103; medium, [l £9 10s to £10 ; cows, £7 to £8. We have placed about 25 head at quotations. Fat sheep in fair supply, with no alterations in value; best cross-breds selling ; at lis to lis Gd; medium, 9s Gd to 10s. ; Quotations of store sheep are hardening, and young sound sheep being in great request through the Middle Island, we hear of some lots having changed hands at very full rates. Store ~ cattle stilt continue plentiful. Low prices still prevail, although good fresh bullocks for winter , feeding will soon be enquired for, and no doubt improve in value. Properties : Great difficulty is experienced in effecting sales, owing to the extreme tightness of money, but there is always fair enquiry for good agricultural farms. Grain:; , Prospects at present appear good, and promise a satisfactory yield, but little has arrived in the market. No reliable quotations can be given, l" ENGLISH. London, February 25.—The New Zealand 1 1 Loan and Mercantile Agency Company have received the following London produce tele- } gram:— \ Wool.—The home trade iB purchasing sparingly. For medium and inferior greasy market I easier, up to date 6000 bales have been sold, i Wheat.—Market is firmer. Foreign arrivais , light. Adelaide is worth 50s per49Glbs.,and New Zealand, 455. - Tallow is dull of sale, with no speculative demand. Town melted is cheap. Mutton L worth 3Gs ; beef, 34s Gd per cwt. Leather.—Market is firm. Best sides, 9Jd . per lb.