MELBOURNE MARKETS.

Southland Times, Issue 9543, 13 June 1887, Page 2

MELBOURNE MARKETS.

The Argus report of the Melbourne markets of 7th inst. is as follows : — The breadstuffa market is quiet, though a moderate business is doing. Flour ie moving off stea-iily at late rates, but no large lines are changing "hands. Prices remain uacbanged, and ranged from L 8 10s to )L8 los for stonemade, and up to LlO 10s for roller. Wheat has not be*n in much request, and few sales are making. Millers do not care to operata at present, after the recent large purchases, though, should the demand for flour be maintained, they •wi'l toon have to conae on the market again. Stocks in town have bsen considerably reduced, while sapp'ies from the country are coming down very slowly, and owing to the present wet weather, are likely to comiDue light. The market therefore seems likely to be steady till arrivals from the country increase. We have only heard of aboat 1500 bag-j having been Eold in parcels at 4s O^d, ex store aod station. Tha advices by the mail regarding the Home market are of an encouraging character, aud fully account for ttxe recent advance in valncs. The Home harvest ia certain \o be late, which wi)i nee* ssitate larger imports than previonaly estimated. The atatiatical position abo is stronger, stocks and supplies being reduce!, while the American visible supply, notwithstanding the moderate etrpments, it steadily decrea-ing. Some of the Fren .h p.pers estimate that France will require to imoort 4,000,000 quarters during the four months, >I*y w August. This, as well as th^ inquiry from lttly and one of two other countries, is likely to have considerable effect on the market before the end ot the cereal year. The American crop 3 are not well epjlcen of, the condition, according to the April offiaial report, was i per cent wo se th*n at the sam? Tim : last year. Ibis «ith the same are* a- la t year, wauld mean a xenuctio-i of 2,(.00.000 quaiters in the export surplus. The Indian crop il<o ha* not come up to expectations, an J the suipments have bean moderate. Exports from Rus-i* ha i alao been light, and were not likely to be largely increase!. Both th» C.uniintntil cuatrits and Englau-i are !o king for larger supplies than vsual from America, Thus, the £u a 'iioh market is. to a great extent, depeud«nt on that of America both a^ regard p.ic -.a and supplier. Tor feeding grains there Tias not been much iocmvry, and ew a*les are»makng. Oati are moving oif quietly at late rates, but ths trade wiU r,ot purchase freely. At au tion a small auantity was sold at up to 2a l'Jd. O.h.rM.-e we hear of about 500 t>ag» having beca disposed of at fr~sra <!s Sd to 2.- I'M. accord ug to sample. Barley has not bad much attention, buyers opera-ing ve-y sparingly.