COMMERCIAL.

Oamaru Mail, Volume IV, Issue 1003, 8 July 1879, Page 1 (Supplement)

COMMERCIAL.

'ni;u)inidcr it very desirable that full and varied reports of markets should appear fiH'tiliirly every month, and we cordially invitu all who are engaged in business coiinwtu'l with live stock, wool,, grain, or adlH, to send us two days previous to puban account of their transactions for thu month. | N"K'W ZEALAND. . O AMARU. iSuff Z)s.*r„\ND AcitriTi/rrutsT Office, I Monday Kveiling. ■flio wheat market has been characterised Unit' amount of variation, but very little isiiiuss lias been done. There are now hp inquiries, but holders are not inclined ii|«it lit the prices offered, aud buyers are i,li S |)iimjtl to advance. The market is getting imowluvt hare, owing to the heavy Home lipnu'iits. We quote prices at from 3s t).l ,is :1.1, according to quality. Owing to it want of business and the low prices liinij in the Australian markets, oats are inu'Wluit (lull of sale. Plenty still remain I first hands, but the stock is not nearly so Ho as in former seasons. Prices range umlsllil to 2s 4d. according to quality. Ilorluy the market is nearly clear. Prices * nominally at from 4s to ss. flood mattI samples command a ready sale at the ttcrliijuri!. Potatoes are becoming short .njHily, and are now quoted at from L 4 to s,Kith a strong demand, tn other tines r ipi'o prices as follow : —Flour, F. 10 : ilhnl U: bran, Lt to L 4 tOs ; carrots. ;! Ill* to : peas, 5s tid per bushel: m l',il to 2d per Hi : oaten hay eh a If, l!lli; 4i'aw chaff, t,2 10s to r.H ; llains irlotlil, Is j bacon (iu cloth). I'd: cheese. : tii'.ili butter. Is 0d : salt buttc, Is 3d : Sf, Is !lil per do/,en. Xu 'iical wool sales have taken place dur'in:: t> month. Tin; Fl'ome sales have been niM/lit tn a satisfactory close, prices on the ilay bring well maintained. Only .t Kill proportion of the targe amount cata;iii'il was withdrawn, and there i.* cry of the. next series seeing a stilt rtlier advance established. nrNKKtx.

i. \V, F,. f,re» and Co. report : There Into been more iin(iiiry fur tin- week. \\Y have placed is fair to jMiuil milling at 4s to Is ; otherwise the market has been ■t. millers operating with t:Xtvt:iu<• Tin: tone of till! market is not its are extremely (lull, scarcely any i tew seed .sorts ln'iii'4 the only iuriii' Melbourne anil other Australian Icelining in values. We i[Uote feed Is I Id: milling ami seed. at i's to i's have still an upward tendency, ricuce a good demand at Li> lOs to in. according ti> i|uality. tin: tatter ' Oainarti. A good ileal of damage tcil through Hood water to the ts, which increases the firmness of holders. I'.utter remains i(uiet, there is some inquiry for export. i_U."t, in carciws, are unaltered in Prices are likely to improve, as are falling oil'. ('fUUSTCFtCRCH. '.uiterbury Times reports : '"Huv of the business of tin; past week 'f present any feature which comes li'il prominence, unless it be the in'lulness characterising every departtlm trade. This inactivity may be tti'ilmtud to the continuance of wet which h as no doubt interfered both I liu'.iil and shipping markets. 'i'.-Values have not altered to a It l ili'iiree since our last report. There noli altering, and most of the business II in the liands of the merchants, ''is for lirst-cl;iss milling may he it I'is'Md, and for fair samples, lis till •!<i not show much business beyond fl routine demand. Feed quality '"in •-'» ,ut to -s (id : miUinsr, is 7d ;v ' - The market for this grain has fil in any respect. The vessel B. L.. the cargo of barley, has t'ckuil at the New Brighton Beach. 1 nut yi-t known to what extent the w been damaged. "Ks. - More sales have been com■U'ing the week thau has marked the for some time, and at prices repre--1 value of l>7» (id to 70s a ton. —V\ c cannot report an increased hi Hour at the advanced rates. I'lionrcK.—.Butter. lOil: cheese, i'l: hums and bacon, Bil to S.UI in last week's report, the great "I rain experienced throughout the 1 eaused disastrous Hoods, anil in t'HiW's there have been great losses hi consequence of the interruption 'biay line, many lots of stock were '■'Klroin being forwarded to the htiui market this week. 0 Addiugton yards on Wednesday • >l 'P and [<)•_> head of cattle came forI'air lines of fat cross-bred.* sold ■' s tu Us Dil uju'h, good do., from I Us • "'hile a few prime lots sotd as high liking an average of fully SJd per "** 1? »» of fat merinos realised 8a | t V The cattle yarded consisted * a, very gond quality of fat stock. which met with a ready sate. 0 •"<» an average for beef 27s fid per New Zealand Mail reports as 11 e,, l<itiial produce but little trade r Ol U ' lo '''"'big the past week, and itt,,'!"", 1 Cl 'inpnratively stationary. *'" l,v s indications of improve'["oUtiotis for prime cure are tl.Jd *£"• 'lull, at 7d to "id. Paeon to Mt i :ll| d new cure minted Wtliii P ur 'k- Flour Best brands r y anil Oiimaru Boar are quoted

a* LIO to LEO tOy per to-i, ami shew stilus of improved rate. Bran U in fair «ttpply at M to £O.l per bushel : pottard, LG Ids. jn'r ton ; oatmeal. LIS to L2»> per tort; maize. -Is 3«l por bushel, stocks tow: oat* in moderate demand. at "J 1 .-! tOd to 3s per btishet : potatoes, 003 to IbOs per tort, fair stocks.

IX V Kit CA R(» ILL. The Times of Saturday last reports: — Business has been quiet for the beginning of the month, and there is still an absence of speculative purchases. We quote for wheat, 3s t*l to tfct; inferior. 3s: and fowls" feed, 2s H.t ; oats, milting. 2s : inferior. Is 5d to Is lod : barley, no transactions. Hams, well cure.!, bring t>d : butter, in tirkins. of good quality, commands. Is Id ; cheese, Gd to Oil; aud potatoes are worth L 4, at railway station. At the mills, superfine flottr (large is worth LU> ; bran, Ll>; and pollard, r.j. As a proof of the approved quality of our local flour, it is onty necessary to state that ttiis staple has long ceased to figure amongst our imports."

A f'STEIA IJ A. MELBOURNE. The Australasian of the 21st .Jittie reports :'• During the last few days breadstnll's have presented an easier tone as far is regards flour. Last week closed with little or nothing doing in flottr. at otir quotations of f.t t Ess to Lt2 trade parcels being disposed of, but nothing more. On Monday easier terms had to be conceded to dispose of targe lines. (Quotations, according to brands, stiil ruled at from LI I t-"s to LI2. For choice brands the tatter price was steadily required by holders. At the former a line of 25 tons of a brand in less favor was placed, and one of 70 tons changed hands on private terms. On Tuesday an easier tone prevailed. A parcel was sold privately in the forenoon at Lt 1 tOy, and for trade parcels not over Li t ts< could be quoted. The quotation of fill rOn lias attracted, the attention of the larger buyers, and to-day 100 tons changed hands on private terms. Trade sales are now making at Lit Irts. Wheat has steadily maintained its value throughout the Week. Prime samples, which are- becoming extremety scarce in the market, are still held for, an.l would readily realise, 5s tM. The hulk of tile wheat offering has. however, ranged iu quality from medium down to thtti. and lias realised prices accordingly. On Tuesday, at auction, a smalt tot of good was sold at 5s 5.1, but prime was held for the above quotation. To-day. atso at auction. S2t I'ags Were quitted at from 3s ltd to 5s 7d. prime being stilt tvetd at 5s Od. Arrivals of wheat and Hour from the country districts have Ficon considerable for last week. Advices from .Adelaide have reached us by circntar to t-tth irtst. Wheat was quoted at ts tod at Port Ptrte. and 5s at Port Adelaide. Monday's telegrams reports the Adelaide market qni -t at 5s to 5k Id. Shipments to date amount t« 2,G<K!,03.S bushels wheat and 37.*5t tons of flour. Our London tetegrarn of -tune It! reports Wheat. Adelaide, Gd tower-- !•!)»> U>., 47s to 4-Ss : total quantity afloat. 1.-WO.ttOO quarters, being a decrease of I to.ooo quarters as compared with last week. Flour. Adelaide, per 2.50 1t... e.t warehouse. :Us. tn feeding grains oats are decidedly lower, arid there noir appears tittle prospect of the extreme rates lately ruting being obtained. "n Saturday ti'lO bags of good to stout feeding Xew Zealand were ptactid at ;!s 2d to (d. On Monday oats were moving at fair rate* : li<X> bags were quitted iu one instance at 3s 5d for New Zealand feeding, aud 3s tid to 3s 7d for milting. On Tuesday oats were moving more freely; about 1501) bugs were disposed of. For tine New Zealand fwdinir 3s 5.1 was got. and for milling 3s Ud to 3a 7d: at auction 27t>0 bushels New" Zealaml were quitted at Its ;">•£ to 3s 7d. To-day. privately. 3s 5d was of)tained for tine feeding. 3s Gd and 3s 7d for milting; at auction GSO bags were disposed of at 3s to 3s 7d. At auction also, on Tuesday. New Zealand bartey was sold at Gs 2d. To-day business has been done in malting, in tine 5s fid to- fis 4d. white California was wante.l at 5a 7d. A steady trade demand has been experienced for maize at its sd. On Tuesday, by auction, sales were made at 3s 4-£ d to 3s sd, white privately good lines tip to 3s 5.t were taken up. Bran is in brisk demand at ts 2M. pollard at Is Victorian oatmeat commands L2-I, pearl barley 1.2,5.

SYDNKY. The Town anil Conntry -fottrnal of Jnnc 2lst reports:—"Superfine Hour, of first quality. per tort of 20001b. net. and weighed over to buyers, Ll2 to Ll3; lirst-elasa clean wheat, per bnshet, .">s to f>3 4<t : good, 4s Sd to 4s I Id : medinm. 4s (id ; inferior, 4a 3d : bran and pollard. Is 2d. Potatoes, per owt., ."a to lis. Heat t Jottlbtirii or Mcnangle oaten hay. per ton. IJ> to L 7 : prime wheaten hay. L*> 10s to Ll» 10s." GREAT BRITAIN. LONDON*. Messrs. Miles Bros, and Co., report on the English market for Colonial produce under date May 22. as follows : woor.. The sates are progressing without alteration, and although the attendance during tin: last few days has shown a slight falling off", yet the demand on English and German accounts continue good up to a certain range of priees. The purchases on French accounts are still rather restricted, owing to the depressed state of trade in the north of France, and woots snitabte for their refjnireinents arc consequently not in such good demand as usnal. Crossbreeds still maintain the advance of .'d per lb. quoted at the commencement of the season. For alt superior parcels from 2s per lb. the market is weak. Up to the present time 132.374 bates, of the total available quantity (320,3it> bates) have been catalogued, and the withdrawals have amounted to about 5100 bales. At the sale of bates of I'last India wool, which opened at Liverpool yesterday, previous values were maintained, tut common sorts improved Ait per tb. The arrivals for Angus t to date are : Bales New Sonth Wales and Queensland ... 415,779 Victoria... ... ... ... 47,593 South Australia ... ... ... 11,492 Western Australia ... ... 152 Tasmania ... ... ... 9,701 New Zeatand ... ... ... 3T>,953 Cape of Coed Hope ... ... J2.753 Total 163,453

wheat AXB n.orr:. Daring the past fortnight there have been some fluctuations in prices on the com market, ami many descriptions at one time showed an improvement of Is to 2s per quarter. owing to a speculative demand, but as heavy oilers of the American new crop for July-August shipment were afterwards made, this advance was lost, and weakness again prevails. There is still a good Continental demand for Califomian, and the lietter description of red arriving at port of call, and considerable parcels of American and Black Sea wheat have been sent direct to the Mediterranean and Nortli of France. Califomian wheat, «>ft" the coast, is worth about -15s "nl, and Oregon, 4Gs Cd per 5001b, c.f. and i. to United Kingdom. Australian wheat alloat has been lately sold at 4Gs 6d to 475, c.f. and i. to United Kingdom, and 47s to 47s tid for the Continent. Adelaide wheat on passage to London was sold last week at 45s Cd. They quote on the spot, Australian wheat, 47s fid to 4SsGd, and New Zealand. 40s to 4Gs per 4001b. Australian flour, 27s to 32a per 2801b. TALLOW AND HIDES. The tallow market has b en rjuiet, and prices are again slightly lower, the value today of good to tine Xew Ze-land mutton being 33* to 345, and beef, 31s to 31s Od per cask. The Home supply still continues gnod, and as shipments from the Co'onies are likely to be large, they see nothing in prospect to oau-e any material improvement. The present stock of Australian tallow is now about SOOO casks. Hides continue in moderate request, and present prices are, for heavy, 4Ad to 4jd, and light, Gil, and cows, 4.1 to 4gd per lb.

fi:e-ervei> meats. There is still a fair demand for both tinned beef and mutton, at tho slightly improved rates lately advised. Heavy shipments of fresh meat continue to be made from America, and in the last fortnight the importations have amounted to 7037 quarters beef; 1240 carcases mutton, and 530 tons beef and mutton. ♦ AMERICA.

The Xew York markets arc generally very quiet. Floar is less active, but lirm. Wheat is active at an advance of he. to ;,'c. Wool is in good demand, but arrivals are very moderate, and the value of business small, t "aiifomian grades are very firm. Sales ot" 255.1)00tb spring at 21c. to 2Sc., and SG.OOOIb of fall arc reported. At Philadelphia wool is active, and selling as fast as it arrives. Fine and medium, ISdol. 25c.; ea- pets. I4dol. 17c.; extra gulled, 33c. to 3Sc.; Xo. 1, 43c. to 45c.; Texas, tine, 20c.; Califomian line and medium, 25c. to 30c.; coarse, 22c. to 25c. At Boston the wool market was very active during the latter half of May, with a strong tone at the close. The outlook is better than for years.