COMMERCIAL INTELLIGENCE.

Oamaru Mail, Volume IV, Issue 969, 28 May 1879, Page 2

COMMERCIAL INTELLIGENCE.

MELBOURNE GRAIN MARKET. Tho New Zealand Loan and Mercantile Agency Company report under date Melbourne, May UOtlu t»» follows Oats continue difficult to quit, and will most probably b« so for some time to come ; the fact that th« yield in New Zealand is two millions in excess of last yuar. our own crops showing a surplus, and the knowledge that this is the principal outlet for New Zealand, venders the trade very cautious in their dealings. Besides, the arrivals have been very large, and far in excess of our present requirement.".. Speculators have been chary about nv diiting with the market in its present unsettled state, so that to effect sales some inducement must be hetd out. As a rute, the expenses of storing are not recouped by any extra price, so that to sett from tho wharf when possible is preferable. Our quotations are—.Foe feed, 3a 3d to 3s •Id: from common to good, "a 3d : inferior milling. 3s fid to 3s ti-.Vd for prime milting. The Itnowtcdge that ltX)<> tons Catifornian feed barley are on their way to this market iloes-not in any way tend to improve matters. Hurley, prime malting, lis 8d to 7s. Much inferior has come to market, and been solil as low as T>s S)d to 3s lOd. Feed, 3s -td to 3s lid. [•'lour has advanced, and is now worth LI t. Wheat. 5s td to 3s -d. Bran has declined to ts -bt.