COMMERCIAL.

Oamaru Mail, Volume IX, Issue 2838, 27 February 1885, Page 2

COMMERCIAL.

NEW ZEALAND MARKETS. From the New Zealand Loan and Mercantile Agency Company's .circular we glean the following:— Wheat. —Prime milling has been in fair demand throughout the mon'h, while medium continues neg'ected ex-ept at abont the value o£ £ood fowl wheat. Choice white velvet ha 3 been placed at from 3s 5d to 3s 7d no to within a ago, but in consequence of the advance of harvest, millers are not disposed to operate ac these prices except for immediate requirements. The quantity of first-class on hand is very small, and could have been easily disposed of at prices which are not" now obtainable. Oats. The slight advance recorded by ns at the end of last month proved of short duration, as immediately after writing signs of weakness set in, resulting in a drop of 3d to 4d per bushel. There is very little demand at present, as buyers are looking for a further reduction in values. Barley. --There is none of the new crop yet to hand, and we do not anticipate any business before the hervest is well over. CHKISTCHTTRCH, Wheat.—Several crops have been threshed ont, and the quality has given general satisfaction. The market may be said to have opened on the 21st inst, when several transactions were recorded on the basis < f 2s 9d to 2s lOd f.o.b. These prices were given by millers for immediate delivery, and in the present state of outside markets may be considered full value. It will be satisfactory to growers to learn that freight to London is not likelv to exceed 35s per ton. Oats.—The quality of the season's crop—now pretty well assured—is excellent, and should meet with favor anywhere. Though the market has only been open a few days, several large lines have already changed hands at Is 9d to Is lOd f.o.b. Barley.—The area in crorj this season is much curtailed, but the yield is proving Eatisfactory, and from the character of the samples brought forward, the quality promises well. A few unimportant sales have been effected at from 3s 3d to 3s 9d, but prices are scarcely yet determined. IN-VEKCARGILL. Wheat.—This market has been in a stagnant condition during the month. Nothing but inferior samples are offering, and these are unsaleable. We succeeded in placing 400 or SCO sacks ii-r Dunedin nccount at from Is Sd to Is lid per bushel, de-ivered at wayside stations - _ Oats.—Buyers are holding off altogether until the new crop come 3 into market, some of which will be available in the c:nrse of a few days. O AMARU. yyiieat.— Business in tbis as in other cereals is dull. We have sold 2500 sacks medi-m at quotations, and several parcels of fowl feed, for v.'nich class of wheat there still exists a brisk demand. Prices offering for prime milling wheat are still low. Oats.—Old stocks are cleared out, our last parcel celling at 2s 2d f.o b. othing doing; rs acreage in this cereal is small, high prices are exppcted. UMAKtJ. Wheat.—°ld wheat is moving off slowly at from 2s 9d to Si for good milling. Medium is only saleable as fowl wheat, and is now selling at Is lOd.to 2s 4d per bushel. New wheat has not yet arrived in the market, and all now depends on the ttate of the' weather for the ensuing few weeks. From small samples submitted the quality appears to be very good, and heavy yields are anticipated. Oats. A considerable stock of old oats is still held in the district, and prices range from Is 9d to 2* ex store for parcels. Only one or two parcels of the new crop have yet been submitted, but they are in first-class condition. We hear of one line of 700 sacks short oats having been placed at 2s on trucks. . Barley.—The new crops promised extra good quality, had the fine weather continued. The yield, in any case, is likely to be firstclass. ATJCKLA>~P. Wheat.—Bnsincss is almost nominal, and the quantity arriving from Southern port 3 has been small. Prime milling sorts may be quoted at 3s lOd to 4s. Oats. The market has continued qniet and inactive during the mouth past. We quote 2i 9d for trilling samples, and 2s 7d to 2s Sd for bright feed. . Potatoes.—A further decline is advißed, and we csn now quote prime kidneys at L2. Blexhedi. Wheit. —A considerable quantity has found its way into store, and so far no difficulty has been experienced in placing all that comes to hand. There is no speculative demand dowever, and purchasers are evidently only male to supply immediate wants. We quote'"or good mi-ling samples 3s 3d to 3s 6d ; medium, 2s lOd to 3s 3d. Oats.— Supplies are coming to hand freely, but are' rather difficult of sale. Buyers will not give the prices demanded by holde-s, and as the latter are firm, business is restricted. Prime milling are worth from ;2s to 2s 3d. Bight feed, Is lOd to 2s. Barley. We have no transactions to erjort The new crop has been gathered in splendid order, but it will not be on the market for some little time yet. GISBORSE. •" Barley.—The season's crop is now coming forward, and the simple of the whole is good; some of it has been slightly discolored from the effects of the late rains during bar

vesting operations. No transactions have yet taken place, hut growers expect from 3s 9d to 4s 6d. XEVON". Barley,—Old stocks are exhausted. Harvest work is being vigorously carried on, and the weather is all that can qe desired. The crop promises to be decidedly above the average, both in quantity and quality. WAKGAJTUI. Wheat.—Harvesting operations have been greatly facilitated by the fine weather we hare had lately. The quantity of wheat grown here has been small compared with last year; the quality, however, is good, and the condition sound-. Potatoes—New potatoes are in full supply. Prices weak and declining. .