COMMERCIAL.

Wellington Independent, Volume XXVI, Issue 3328, 25 October 1871, Page 2

COMMERCIAL.

« OtaGO.— The " Daily Times" of October 19 reports : — Business has been steadyVluring the paßt few days, and up-country orders improving in amount. In the import market sales continue individually light, but transactions have been more numerous. By auction there have been sales of importance. Yesterday, Messrs. M'Landress, Hepburn & Co., offered the cargo of sugars (new crop) ex Emma, from Mauritius. The expectation of further ship menta appeared to exercise some influence on buyers, and in consequence about two thirds of "the cargo was quitted without any advance upon lace quotations being attained. Fine whites realised £39 15s to £39 2s 6d ; second quulity and dusky whites, £36 2s 6d to £35 ; yellow and grey crystals, £35 10a to £35 ; lower do, £32 iOs ; counters, £32 5s to £32 2s 6d j and brown, £34 2s 6d. Immediately afterwards 50 bales oi full weights woolpacks offered were quitted at 4s 9id to 4s lOd. Privately there have been saleß of hops ; new Kents at Is 3d, and of malt (pale English) at 9a to 9a 3d— to land. The demand for spirits has been very slack ; and, pending the offer of the new teas, ex Aaiphritite, there has been no disposition on the part of buyers to anything but unavoidable purchases. Sales are noted of kerosene at 2a Id, and candles at lOjd. In hemp goods, woolpacks are reported as moved at 4s 9d ; cornßacks remaining without enquiry. In tho grain market, we have to note continued depression. The current quotations remain — wheats, 5s j oats, 2s J2d to 29 3d ; fine flour, £13 10a. With the exception of a few oats placod for shipment northwards, the demand has been confined to the supply of immediate requirements. Melbourne. — The "Argus " of October 11. reports : — In the import markets, though business has nob been particularly active, yet a more cheerful feeling is observed to bo springing up, an evident desire to entertain transactions being also apparent. In breadBluffs, however, we can report no improvement, and no progress whatever can be mode in salea. Flour, to-day, cannot be quoted over £13, but even at that price which holders would gladly accept, no business has transpired. Port MacDonnell flour was offered under the hammer this forenoon, but could not be sold. Wheat likewise occupies an unsatisfactory position, as no reliable quotation can be given. At auction this forenoon the bidding for a prime sample of Adelaide went up to 5s 9£d, but as no higher could be got, tho parcel had to be withdrawn. New Zealand was disposed of at 4fc Id. Oats were sold at a slight improvement on sales made last week. 3100 bushels of New Zealand were placed at 3s 3d to 38 sijrd ; privately a parcel of 1500 bags was quitted at 3s Id. New Zealand barley was got rid of at 3s 4d. Maize iB quite neglectod, and nothing can be done in the market ; we quote 3s lid, but the price, in tho absence of inquiries, must be considered nominal. Adelaide. — A tolegrani in the "Argus," dated October 9, reports : — Tho weather is wurm and seasonable. Sales of wheat have been made at 4s sd, and some large parcels have been disposed of at 4s 4d for export. A telegram dated October 11 reports: — The weather continues very hot. Further sales of wheat have beon made at 4s sd, at which price tho market is now firm.