COMMERCIAL.

Wellington Independent, Volume XXVI, Issue 3348, 17 November 1871, Page 2

COMMERCIAL.

♦ MBIiBOUBKE. — The "Argus" reports:— ln breadstuff's we hear of trade parcels of flojr being moved off at up to £13. Wheat is vi ry firm indeed j there is no Adelaide offering under fis, and it is reported that a very considerable parcel haschanged hands at a full rate. Port Macdonnell wheat is selling at 5s 9d. In feeding grains there iB very little to refer to. Oats are quite neglected j there is no inquiry whatever, and the Bales effected are most trifling. Maize is firmer ; sales today are being made with more freedom at 33 9d. A line of 5,000 bushela bran has been placed at Is 2d. Sugars, influenced by a very reef demand, are moving off privately to some extent; , ■we understand that the greater part of what was left over of the Alice's cargo of Mauritins, say 4000 bags, has been got rid of at \ prices showing even an improvement on the advance established at the public sale on Monday last, nnd for the small balance remaining unsold of the enrgo we understand that as much as 37a 6d is now neked for yellow brewing crystals. Under tho hammer this forenoon, a parcel of Queensland sugar, | amounting to 459 bags, was cleared off at 25s to 26s 6i3 for medium to good rations, and 28s to 29s for low grainy counters. There is more inquiry for new season's teas, ex Tranquebar. Several lines o{ fine congous have been taken up, and numerous parcels are under treaty at prices showing a considerable improvement on prices offered at the auction j Bale yesterday. We hear of a line of 1000 cases Devoe's kerosene oil having been placed , at Is lOd. Adelaide.— A telegram in the " Argus," dated Nov. 3, reports : — The exports of cereals , to date are 91,000 tons, leaving a surplus of 23,000 tons; wheat continues firm at 4s 7d. 1 Our own correspondent, writing on October I 31, reports :— Up to the arrival of the English mail, the wheat market was slowly but

steadily declining, and prices had fallen to 4s 4d, with every probability of a still further decline. The mail news, however, hardened the market considerably, and prices advanced to 4s s&d, 4s 6d, and 4s 7d, at which latter figure there are to-day but few buyers. Ereights to Fngland have risen from GOs to 70s, and this extra charge fully makes up for | the extra price obtainable. So fur, the harvest prospects are encouraging. We have been getting some fine cool showers lately, and reports from all parts of tho country are very hopeful. There, are, of course, rumors of red rust, but they are said to emanate mainly from heavy holders of wheat and consequently have but little influence on the market. An average of nine bushels an aero will give us us good a total yield as last year, when it was 11£, the larger area sown making up for the assumed deficiency in tho yield per acre. Several shipments of breadstuff's have been made to New Zealand ports of late. Tho total exports up to date throughout tho year have been, in round numbers, 89,000 tons, leaving us 25,000 still available for export ; but it is feared that a considerable proportion of this is damaged wheat.