MELBOURNE MARKETS.

Southland Times, Issue 9091, 15 December 1885, Page 2

MELBOURNE MARKETS.

the Argos report oi Melbourne markets of flthinst., ia as follows !— For wheat' there is* not much inquiry, and buyers are operating very cautiously. Supplies of new wheat are still light, while old wheat is coming forward freely, principally for shipment. At the auctions, out of 681 bags offered, almost the entire quantity was sold at f 10m 3s ■ lOid to 3s lid for old wheat, the buyers being town millers. Otherwise we have only beard of about 300 bags of new wheat having been quitted at from 3a 9£dtoßslod. Telegrams from London report slightly lower prices, so that current rates ruling here prevent shippers from operating- Beerbohm's list by the mail Contains some interesting information ? and accounts to some extent for the slight improvement in prices ruling for flour mthe home market. It states that country millers are not working full time, and that in some districts ihey have stopped altogethor for a time. In America the visible supply of flout aecieaeed 88 Per cent between Ist July and Ist October. The pnipments of wheat and flour from America for the three months ended 30th September were 20,239,092 bushels less than in the three cor« responding months of last year. This difference to a great extent accounts for the present excess in the visible supply. There is still con* fliderabie difference of opinion as to the quantity available for export, but in every instance it is Considerably less than last year's actual exSorts, In our own market there is not much emand for feeding grains, the trade operating tery sparingly. Oats have not had much at* tention, and the indisposition to purchase was shown at auction, ; when out of 1390 bags offered only 836 bags were sold, at up to 8s for good stoat sample. Privately, we gear of ftboat 500 bags having been cleared off at from 2s lldto 3a. - Bailey has hardly been noticed either publicly or otherwise, only one or two small parcels having been quitted at about late rates. A little more has been doing in bran, and, besides other sales, we hear [of 100 tons having been cleared off at up to 15d. .