COMMERCIAL.

Oamaru Mail, Volume IX, Issue 2961, 10 June 1885, Page 2

COMMERCIAL.

TPTK H M V K' TS. Messrs Neill B'O'. h -7.-.' h us tho following report of Measra James Morrison and Co. _ . The second series of wo'l sa.es for 'hyaar, opened on I ft-* IT h "-'arch, wa* suspended fora we fc for tha Faster holid-ys and closed on {ha IS*h itut. '1 be following aoaatities wcri catalogued : Bala*. Tietecia... --- ••• GS.S 0 Kew Sooth Walts 46.300 Queensland ... ... ... ... 10.fr 0 Sooth Australia 4 ".000 Western Australia 5,30» Tasmania 40Kew Zealand 17.500 Australasian "202.500 Capo of Gcod fi pa 23.1 M) Falkland Islands f> 0 226 500 Of this quantity aboot 34 COO bVes were withdrawn, tha greater p*r* of which, with ■ome 7000 bat- sivaitabfe bnt not ettalogucd, •will no doubt be offered next serie3. In addition, however, to tho 192,500 bales which passed the h'mmer. sirr.e 32,0>> bale# hiTft been fotwa:ded direct to tl.e variooa manufactur ng centres. A boa". 110.COO bates have b- cn taken on Conaccount. and 3000 biles by America. Tha prevalence rf easterly winds caused the quantity availab'e for the saiei to be (mailer thin was anticipated. In spite of this, however, and although there wa3 a goad attendance cf buyers, a very vaci lating toco marked the series throughout Competitiaa was fairly active at first. bnt soon began to flaif, then rather a firmer tendencj Wat manifested, bnt sices Faster a weaker too* prevailed till the fast few days, when a little more spirit wa3 evinced, which was sustained till the This nncsrtain tour waa mainty due to the strained ro'atio is b - twaen 'hut country and ! ussia; fo' the woollen industry, though rr»t so active re ccatly. is yet oi a he i th er fasting than most other?, while the market is not overweighted with «xcessive 3uppli.s of :hc raw tcateriaJ. In msriso wools, superior grra-y Port Phillip and Sydney have bron.bt, as compared with February rates, par to id d • eline. Medium Austrs'ian description?, Jd decline, and faulty acd irtfer-o Jd to Id dc dine. JTew Zealand'*, probably from th' mallnets of supplies, have brough", firm rates. Washed woo's have gone badly, showing a fall of Id to 2d per lb; while scoured have sold with great irr.-gnlarity. ii «orae Instances bringing former ratf s, and in others showing a dccli- e of $d to Id per lb. without any apparent rea*on. Best I'-mkn bare realised fall rates, occasionally brio£fajj as advance, while inferior have been quite neglected even at current low rates. On the avrage, prices of merir.os show a lan of 5 10 per cent., bnt on really sonnH eombiog wool, which wis scarce, tho decline was hardly apparent. (*re«a-bred«, on t l c other hand, have met with a strong demand thron-ht, and show as advance of 5 to 10 per c«nt ; m '>• mark#'?, howeve , in the coirse rathar ;hm a the floe g-ades Wheat—CotMitierab'c 'xciteme't has r - eently been caused :n thii mark-t by th«political sit -atioo, »nd pric-s la-t week showed in advan<-e of to -*i prr qoirter from tho lowest point. Eiriy this werk. with a more peaceful outlok, quite 2s of this rise was lest, bnt the t~r.e is r.gain firmer, and iray be expected to flncinit concurrently wi'.h the p-.li"ici n<p c" Stocks in this country sh>>w a em identic falling off, and looking to the dimi-ishvd acreage sown both in this con:.try ami America, and the serious damage rcpo-ted aa having been sustained from the fever-: weather by the autumn sown cr.iio in the United St»t"», an improvement in va'ne ' f tome permanence may. we thirk, be rtifinably anticipated apar; from m <ju ?tion of war. Present values ft* Au»tra?nn m-,y t?e quoted, 35s to 39a rer 4P6f)j. ex atr.rt-, o'.d 36u to 37s W pcr4So!bs. e.f. ; .. March-'. -y ■bipmcsts. Kew ZeMan-!, .17s p«r 496 ib«, ex gracary, forso"nd Ion; be ried ; I 36s to 3T» for sonnd ordinary. Snpetfins 1 Australian flor.r, 27s to 2Ss, ex iirana-y, an i Sss to 2C-I, c.f.i.: homehotd-', 21s fo 2.'55, ex ■ store, ."'oportir.c J*'cw Z-jlvd. C2> Cd to 23s per 2£o!bs. ex s'oro. J-'cw '/. aland oats also show a rise £ f Ist. 2> per quarter, and present quotations are, for prime (very heavy), 31s to 324 6d: nmlium, soon-l, 2Sj ' to 309; and light, sound, 24s 6d to 2ui 6d per Imperial qnarter. MELBOURNE. The Melbourne Argus of the inst. reports aa follows: The breaditcfTs marked wheat does not Occupy so st?ooj* a pOM'ion as it did at the close of last week. The upward movement which was then noticed was due to the firm attitude of holders, who rely upon wha". they term the j»o traban statistical position. In Other words they believe that b< fore oar n°xt harvest becomes available, stocks of bread•tnfls will probably > ccomc reduced within so small a compass that the holders of them will be able to command the market, and J obtain high prices, t-hon'd this view be J correct, the tiactaatiois of the £urofc:n market, or the prospects of the European ' aad American erojw>; sre not likely to hare tauch influence, unless it be a favourable on«\ upon oar market, f'urm the course of to- -

day's fcosincf, however, it wonld appear tint what wo may term the scarcity theory is not go widel- orstronglr he'd in the corn :raie .vt it wai rnppcsed 11 have I con. The ' i' ne of thi wh-jat m»-krt i 3 di 'tin-ty ca-ler, i r.o: trim the recip; of ay farther new 3 | r gi'iiin? tho • oath Australian statistics, but c itfly b ca-js-. of the unfavourable nature of I the oble message from London published by ns t his morning. 1 heso mer sages state that tho wheat market is weak Mid insc'.ivo, and the prices are Is rierqnaitcrlowvr. Ihe Kngiiih crop prospects, too, are con»idered to bo m re favorable, warmer weather prevailing, al hough owing to the cold wet weather experienced a we?k or two ago, it is antic - pated that the harvest will be about a fortnight later than wi3 expected. That we are not "O independent, the efore, of th- fluctuations of the London market as lns_ aflege 1, is indicated by the irregularity in •ur Iccil ma lest to-day—an irregularity which finally resolved itself into a dis inct weakness. One sre'ion of the trade, for instance, reports a goo-t demand, _ which in many i ixtances could not be satisfied ot 3s IM. Ot the other hand, how.:ver, another section reports that more than one holder would readily s"ll at 3s lid, and that wh-at cm b« bought at 3s IOJd, at which price we ar' inf rm:d sa!c3 to millers, covering some 500 bag*, ex station, have ben effected. The market clones, therefore, with buyers at 3j 10i 1, aid sellers, thoach not m>ny at 3s lid, a large line being un 'er offer at thi' letter price. In flour a considerable business has b-ea done, the sales covering some 200 tors at L" 12s 6d to !.7 15s, while a parcel ' f25 tons has been gold for export at L 7 15s. .'n feeding grains tho market Is without change. In oata w notice sale' of ab >ut 400 bags of Calcat a. We also hear of sales of 200 of 2Tew Zealand at Si Hnty paid, and '-CO b.i{T3 of Victorian fed at 2s lOd. I'a lay is quiet, with business pen in?. We notice of 250 bagi of medium Victorian at -Is 4J. SYDNKY. The Totb and Country Journal of the •10th ult. rep rss as follows Bv tlii latest vies* fr m London the stat" of the horns market is apparently still droop- : inc. with abo J! 4.000,000 qua-ters of wheat , to'ar.-ive and prices have receded to 35;. Speculative purchasers w ho have held stocks I cmnot look upon this market in hopes of j real sing at a profit, or to clear them- , salves, as the trade is we' I stocked at present, > and there is no demand at our extreme quotations, which are as follows:—New [ -oath Wales wheat. 3s 91 to 3a lOd; Adebide, 3s 9.1 to 3s lid ; Victorian, 33 8d to 3s 9d ; i'asmanian, 33 fii ; Now Zealand, ."t 4d per bushel. At their grain s*le on Thnreday, Mort and Co., limited, disposed ; n{ int'iri r wheat at 2» 91 rer bushel. Bran ' sold at 12£ , and pollard 14d per bnshel. F.ed oat 3 are quoted at from 2s 4d to 2i 6d ; scd oats at 2a 91; and barley at3i 3d. For ' potatoes the quotations are, —Warrnambool ' L2 10s to L2 15s ; 15iIlarat 135dt0 ' 3 10s ; ' Tasmmija L3ss ; ircular Heads L 3 ]i>s to 3 lsi; New Z aland i.3 5s to 13 lU3 per toe. 1 AOFXIDE. The >"ew Zealand Loan and Mo rev tile .-scen-'y Company, li ited, report on tho Adelaide mirket under date May 2S'.h, as to ir.'.vs : Wheat.—Under date May 2G. our head office in > ondon te!e/raph;d aa f- How- : "Wheat market qu et; -delaidc and Vict ri-.n worih - 6<i : ?-cir Zealand, 333 G■ ; ; Ttison, 3Gj po* 49> lb. Adelaide, f.a q., i e.i.f. t» arrive 3"s Gd per -ISO lb." The im not of hn»incl3 has been somewhat (imit-'d : urine the past week, an'i wc have • r.ot heard of any large parcels changing hands. There have been nuir.erous inquiries j in th;: mirket for pircel3 at 3s 81 to 35 9J per bushel, bu: holders shown no did- . po? tion to quit at these rate?. The English ) market continue' qniet, and at the present ) the demand is entirely sustained by pnr- ) chisers for local requirements. Wo quote ) ■» heat to-dar 3s 9J to 3s lOd per bushel at i Port Adelaiile, b.ig* extra, with a firm market 1 and few seller?. ) Hour.—Buyen have seemingly recogr ised - the low va'ue for thi3 article aa compared ) with wheat, and we have made considerable ) sales, bat at rates showing little improve- ) meat nron those of the previous week. A - large parcel (town brand) has changed hands ) a- i 5 -s I) I. acd several lines of country • Hoar have been so d at L 7 2s Cd on trucks » at Port Pirie, L 7 5s and L 7 6 I f.0.b., ont- , port 5-7 7* 0 1 on truck', at Port .".delaide, i and L 7 I'n f.o.b. at I'ort Adelaide, all per t ton of 2000 lb. Stocks in millers' hands are > not la-£<3, and the market closes steady at : IS -i 6i to iS7s Gi for town brands, and : i.7 ICs to L 7 12s 6d for country do f.o.b. at - Port Adelaide. Oats.—liistribntora complain of the diffi--1 cq ly of making sa:es, owing to th"; fact that • usera hare in micy ca*ia mads forward cant tr=ot». -tocks are reduced, but wi : l be rei pleni hed shortly by several cargoes now j overdue, and wo have -old a cargo of about . 20.000 ba3 ! ie!s at market rates. We quote i spot parcels of fair average feed 2s 3d to 2s 4d per bu«hel, and Id less for early forward r delivery. i Barley. - Business is qniet, and quotations i for malting remain nnchanged, prime being • w.>rth -is 6d per bushel; medium 43 3d to 4s . 6d p-:r tnsh-l. J-eedin/qualities meet with r little inquiry at 2s 3d to 2s 61 per bushel. Ch-esc.—There is little demand for met d'tim q:ialitie3 of New Zeala-.d, which sell ■ at 7d to 7id per lb, superior do bringing Id per lb more. ; _ SYDN*KY HORS:-' MARKST3. Under r!a"e May 2S, Messrs W. Ing'ia and • Co. report a3 follows : i «'ur surply of _hors:s the past week was large. We rtceived a consignment from Xew Zeala- d, cx Tarawera, and two mobs ! from Gonlbume and Rjlstone district!, , besides several fmall lots from other parts » of the coast and neighbourhood of Sydney. The sale for d-aught horses still remains i heavy, and a difficulty in quitting them nness at rciuc d rates. The demand for w-. ll- ; brtd nacfo! saddle a:d harness'horse?. Editable for a*t llery and cavalry for the Indian ma-ket, is g'O'l. We sold a number during the week for this purpose, and have a buyer >f horses for India atte.id.ng our sales; we therefore recommend our constituents who have hors'B of thi* class to send them forward, The following is a summary of our sales this week :—26 draught mares and aetdin s, from 125 t» L3O; 60 medium draught mves and geldi gs, LIS to L 25 ; 36 vvelt-b e>i useful raddle and harn rs horees, f »>m LlB to L 3 ■ ; 25 lightsad 'leand harness hnrfes. fro :S to 15:30 - tie van and cart hor.«cs. from 115 cu L 25. At the Camcrd vrn yards we sold a mob o- 20 useful light hotssa fir Me-sr* Barry and • arsball, ranging from L 9 to L 22 ; for - esars Hanra•ao. v :ap, and Bnckle, New Zealand. 25 h':ad of medium draught colts and fillies, from I 17 to 125; for Mr Pavis 31 head of draught and li<ht horses report of which is uot yji to hand. ABSTRACT OP S ' LES. N'r W. Christie will sell, on Thnrsday, 11 th June at Herbert, at 1 o'cltck—Horses, Cattle. Sheep, 4c On Fridiy, 12th Juno' •tv II tel Furni cr- a-d Stock-in' r>de of Flote . ' n Saturday, nn • I3th, Y.-.ids Hors- p." i-n Tuesday. 23rd June, at his stores-Buiiaiug Sites at ■ veine. i arly in July, at Incholme, Maheno yrsh r re i attle, Uor<ic3, &c. Mr A. If. Alaude will tell, on Saturday, ISth June, at his ro ms>, at 12 o'cock Grazing Rights of Racecourse. Mc-sra Fleming and Medley will on Saturday, 13th June, at Railway Station—- ' imber -nd Firewood, ilso, at Commercial Yards, same day—Uorse3, &c. Mr John I'vercst will se:l on Saturday, 13th Juoc, at Gocdwcod Ayrshire and Shortho-n Cattle, Borses, Implement-, and Koas hold Furniture.