COMMERCIAL
Melbotjene. — The " Argus" of the 4th instant, says : — In tlio import markets little activity has been perceptible throughout the day. la breadstuffs, we hear of flour moving off at well-sustained quotations, £14 to £14 5s per ton being obtained for trade purposes. A parcel of Victorian was sold at £14, and a fair line of Adelaide country brand was cleared off at a similar figure. No business in wheat has been reported ; prices, however, are firm at 6a for Adelaide, and 5a lOd for Port MacDonnel. Several arrivale from Adelaide with produce are mentioned, which will tend to make supplies more abundant. Oats present a firmer aspect, and sales can be more readily effected at 3a 8d to 3a 9d for prime samples of milling. Stocks of maize are almost cleared off the market, and prices are, in consequence, very Srm at 4s 10£d to 4s lid. There is a moderate inquiry for kerosene oil. A parcel of 500 cases of Downer's was cleared off at 2s 7fd. Commoner brands have also been placed, in lines of 500 cases, at 2s 6d to 2s s£d on the spot. We hear of no sales to arrive. In tobacco, sales are reported at full rates for tens ; at the bonds, damaged twist was sold at llf dto 12|d. A small parcel of American chairs was quitted at prices ranging from 15 to 25 per cent, advance on invoice. Further arrivals of BUgar continued to be announced. The Brunette has reached port with a cargo from the Mauritius ; the Alma has como in •with one from Natal ; and wo learn that the Edith Smith was left loading at the same port also for Melbourne. The Wolverine has come in from Batavia with sugar and rice, and the entire cargo, amounting to 1800 bags sugar and 700 bags Boedhi Raja Rice will be offered for sale publiclj on Tuesday next.
Notwithstanding these arrivals, the market for sugar is still very stiff ; we believe business is pending, and likely to be carried through, which will have the effect of stimulating the market, and imparting to it a very firm tone. The Reno, whose arrival from Colombo is reported, brings a cargo of coffee, to the consignment of Messrs F. W. Proll and Co.
COMMERCIAL
Wellington Independent, Volume XXVI, Issue 3148, 15 March 1871, Page 2
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in