COMMERCIAL.

Waikato Times, Volume XXXIX, Issue 3123, 21 July 1892, Page 2

COMMERCIAL.

Tin Wnikato Times Otic., Wednesday. MARKET REPORTS. Thk Nf.w Zealand Loan and Mercantile Agency Company report under date London". Juno Oth.—Corn Market : Crop prospects generally, so far as regards the United Kiugdon, maybe said to have improved since the dato of our Inst issue, but in France the absence of rain h causing considerable anxiety. Reports from other Continental countries are on the whole fiirly favourable, the craps in Russia have materially benefited by the recent rain.!. "Daliverii-x of doin-stic wheat have been on a more liberal scale, many growers who have hdd, in the hope of values improving, having receatly elected to place their grain on the market. This, in a weak market, f illy supplied with foreign wheat, has further depressed values, tho Imperial averages recorded during the four weekp bsing respectively 31s id, 31j Od, 31s 2d and 30s «d per <|uai ter. The enquiry for foreign wheat on the spot has been very dull, and, with heavy arrivals, values have steadily declined, Australasian descriptions making a depreciation of from Is to Is (id per 49(i lbs. on the month.—Oats : Arrivals from New Zealand,continue to be heavy, and, with a renewal of shipments from Russia, and a quiet demand, values have tended in buyers' favour.—Barley : For foreign sorts there is little enquiry, interior qualities practically unsaleable.—i'lour has met a slow enquiry at a decline of about (id per cwt.— Maize : Owing to scarcity on the spot, available parcels have met a good demand at full prices. Supplies of wheat and flour on passage to the United Kingdom are now given at 2,700,000 quarters, as compared with 2,038,000 quarters a month ago and 2.8!l!l,000 quarters at a corresponding period ia 1801. The American " visible supply " is stated to be 27,010,000 bushels against 81>,191,000 bushels four weeks ago, and 1(v177,045 bushels at same time last year.— Cheese : During the past four weeks the new season's American and Canadian has been received in considerable quantities, and fine qualities have been sold at from 4Ss to 52s per cwt, while the stocks of last season's make are now almost exhausted. For ordinary New Zealand, prices have remained about on a par with those ruling at the date of our last issue, but a small parcel of very fine quality " white " cheese has boon sold at from 57s and 5Ss per cwt. It is rumoured that there have lately been complaints from buyers that the colour ot the New Zealand shipments is not bright enough, and this matter might with advantage tie kept in view by producers. We quote: Finest American and Canadian (iiew), 48s and 52s per cwt ; New Zealand, 42s and 58s per cwt. Importations from New Zealand during the four weeks ended 4th instant aggregated 1,(!6G packages.— New Zealand hemp : The public auctions during ths past four weeks included 1,824 bales, of which 1,100 bales were cleared at and after the sales. On the 18th ultimo, 700 bales were offered, of which 400 bales were sold at a decline of 10s per ton on preceding sales' prices, but on the 20th idem, when 742 bates were offered and buyers endeavoured to lower prices still further, holders were firm and generally succeeded in securing the currency of the preceding week. There was a steady feeling on the Ist instant, and since that date thero have been no auctions of New Zealand.—Kauri gum : At the monthly .motions held on the 2nd inst., 2,020 cases were brought forward. There was a moderate demand, 877 cases being sold under the hammer. Prices were unchanged except in the case of brown and dark sorts, which wore from 5s and (is per cwt. dearer than at thu preceding sales. Sydney, July 4.—Wheat (duty lOd per lOOIbs.) : Locally, the wheat market is without alteration, milling wheat being quoted nominally at up to 4s lOd. Millers show but little disposition to operate in New Zoidand wheat at present quotations, and continue to draw their supplies from the Melbourne market, where prices are now oasier, 4s Id standing as the ruling quotation at present for milling wheat.in the Victorian capital. Chickwheat continues in heavy supply, considerable shipments having come forward from New Zealand of late, and as there is only a limited demand for the same, values are not maintained, 3s Gd new ruling as a top figure for best whole samples.—Oats (duty 10d per lOOIbs) are now quoted at higher figures, the principal holders being very firm in their demands consequent upon the improvement in values in New Zealand, and prime heavy feed descriptions cannot be purchased under 2s 7d, and good feed under 2s Seed oats, of prime quality, arts in short supply, and holders are obtaining up to 2s lOd per bushel.—Maize (duty 10(1 per lOOIbs): A'firm tendency is noticeable, and wo to-d.\y quote best samples at 2s 101 per bushel, all good sound parcels meeting with attention.—Flour (duty Is per lOOIbs) : A steady market lias to be reported, and we again quote best roller bruids at £11 10s per ton.—Butter (duty 2d per !h) : Since writing on the £och June last, quotations have remained unaltered, and wn still quofr) best local factory-made to Is (id, and dairy-made to Is 4d. Supplies continue to rule rather short of requirements, and prime New Zealand new separator butter would readily command to Is 5d per lb. New Zealand pastry butter would also find a ready said at present at up to lOd per lb.—Cheese (duty 2d p'T lb) : We again have to report a steady market, best local still commanding Gd per lb. Prime New Zealand cheese is quoted nominally to 5d per lb, the market being practically bare of supplies. — Potatoes (duty 10s per ton) : Further shipments have boon received during the pist fortnight both from New Zealand and Tasmania, the arrivals from the. latter colony being very heavy, and values have weakened in conse-q-nince. Circular Heads now being quoted at t'3 10', and New Zdalan'ls from i' 2 10s to £2 I.h per t mi. As additional cargoes are reported as on tho way from Tasmania ii m\ we cannot see how values are to impi '.vri for some little time to coine. Dunkdin, July 7. —Grain. — Whaat: Since our last report this market has not shown any signs of improvement, indeed the tendency senilis to continue in sympathy with the Home market, on the downward grade, and with the exception of really prime samples all other descriptions are more difficult to place as the season advances. Quotations for prime milling, 3s (!d to 3s Sa—extra chuice, on rare occasions, Id to 2d mora ; good to best, 3s 2d to 3s sd. Oats: The brisk demand noted last week has in consequence of large orders having been filled quietened somewhat; but, although there is rather less inquiry, last week's quotations continue firm, and tho several sales effected since are on the basis of those ruling then. Tndeed, at auction this week one small lot of 41 sacks (Sutherland's) were run up to 2s O.Jd. Stocks iti this market are extremely light, and reckonod hardly sufficient for local requirements, B-sst. lines in consequence arc (irmly held for an advance. Quotations: For best stout bright milling, Is lOd to Is lid; best short feed. Is i)d t> Is lOd; medium to goul, Is 8d to Is !)d.—Potatoes : There is no material change to note in the. tone of tho market for these, which are still in over-supply, and only saleable in retail lots for local cousnmptiou—no other outlet. Best Denvents fetch 32s Gd to 35s ; other .sorts, 17s (i-1 to 30s per ton (sacks extra).