MELBOURNE MARKETS.

Timaru Herald, Volume XXIX, Issue 1345, 11 January 1879, Page 2

MELBOURNE MARKETS.

The New Zealand Loan and Mercantile Agency Company (Limited) report under date Melbourne, 2nd January, 1879, as follows : — Owing to tho holidays there has been liltlo or nothing doing m business. Deliveries have been unusually heavy during tho week, and prices have suffered a decline on last week's rates. "WIIEAT. Tho receipts aro heavy, and notwithstanding that offerings have been small, an easier tone pervades the market, and sales have been made at 4s 9cl to 4s lOd, and oven at theso reduced rates the trade evince no disposition to operate largely. Next week wo expect to see more animation m the market, yxotrn. The demand has not been active, the offerings at auction, have not been heavy, still there is no disposition to operate. Sales, privately, have boon mado at £11 10s for old, £11 for new, and the tendency of the market is to lower rales. OAT 9. New Victorian oats aro now coming forward freely, aud the effect upon tlio market has beeu to reduce prices, sales having been mado of fair to good feeding qualities of "Victorian, at 3s lid to 4s 3d, and New Zealand, old feed, at 4s 4d to 4s 6d. Milling oats are m fan* request at 5s to 5d 4d. BAHLEr. I The few lots of chevalier offering have met with ready sale at os 9d to 6s 6d, according to i quality, and nt these rates maltsters are bnyers j for all lots off ering. Feeding descriptions" are " selling nt 4s 3d to 4s 4d. " BEAN AXD TOLIAIID. j Tho demand has not been so active, and i sales have been difficult to effect. Sales both j at auction ami privately, have been made at Is l . 2d for bran, and Is od'for pollard. 1 GRASS SEEDS. * Business for the coming season has not yet 1 opened up, enquiries have been numerous, but no transactions have come under our notice, and quotations are merely nominal. J