COMMERCIAL.

Globe, Volume I, Issue 6, 6 June 1874, Page 2

COMMERCIAL.

Globe Office, Saturday, June 6

Wheat continues very quiet, and the demand is falling off. Prices remain unaltered, as stocks are not heavy, and the small quantity coming forward is taken into store at 4s 6d, for prime milling. Flour has been offering at £ll 10s in sacks, or £l2 f.0.b., ■without resulting in business ; bran still meats a steady demand at £6 ss; barley is quieter, excepting for choice malting parcels, which fetch 5s 3d ; medium parcels, however, are difficult to quit at 4s 6d ; oats are going slowly into consumption, but as deliveries have now ceased from the farmers all shipments are drawn from the stores, so that prices are more likely to strengthen than otherwise ; butter is selling at Is, the demand however is very quiet ; several sales of cheese have been made during the week at 6d ; potatoes are coming in anther freely, prices ranging up to £3 5s ; hams and bacon are quoted at 8d bare, at B£d in cloth, by the principal carers. A fair amount of business has been done in the import market during the past week. Spirits—Bcnnessy’s pale brandy. We hear of a line changing hands at 10s. Martell’s dark is now quoted at 9s 9d to 10s ; other good brands have risen in proportion. Case brandy sells freely at 325. Whisky—A few transactions have taken place at full rates. Tobacco—A few parcels have been placed at Is 8d for St. Andrew’s twist. Flat tobacco meets with little attention. Sugar—At auction, on Thursday, 1500 pockets Yarraville Refinery sugar were offered. This being the first consignment to this provice, caused very little interest, and the sale was very poorly attended. The prices realised were far from satisfactory. A line of best white crystal was placed at £37 ; a parcel of white counters fetched £35 10s. We hear of several lines of Mauritius sugars changing hands at—for finest white, £3B ; brewers’ crystals, £34. Stocks are getting low in best white crystals. Tea—A moderate business has been done in trade parcels at full rates. Bottled ales—Very little business has been done in these lines. We quote for Tennant's, 12s ; Bass’, 12s 6d, Ktout is almost neglected ; 11s 3d to 11s 9d is the price now asked for best brands. Cement commands 23s to 23s 6d, Galvanised iron, G.O. anchor brand, is now quoted at £36. Blue Countess slates, £l2 10s. bait —Fine salt is dull of sale at £4 7s 6d ; coarse, £4 ss. The Ballochmyle arrived from England on 2nd insfc,, bringing cargo of rani? iy plant and merchandise

Melbourne; —The “Argus” of the 25th ult, reports :—ln the import market, business during the forenoon has not been marked by anything of a special character. Breadstuffs are steady, though business is limited to supplying ordinary wants. Bakers’ lots of flour are moved off at £l4 7s 6d to £ls, bags included. Parcels have not been inquired for, but there are no good brands offering under £l4 7s 6d, though we understand that at a considerable concession on this price unguaranteed flour is offering, without as yet leading to any business. We have no sales of wheat to report, but quotations are firm at 6s 6d to 6s 8d Oats are in good request at prices rising from 5s to 5s Bd, according to sample. We hear of a line of 600 bags and one of a 1000 bags having changed hands on private terms. The Albion, from New Zealand has brought forward 1500 bags for this market, and the advices to hand are to the effect that not much more can be spared from that quarter. Maize is yet without any transactions to report. The Macedon, You Yangs, and City of Melbourne are expected to bring 3000 bags, none of whici, however, can be available before Tuesday. The market is very bare, aud no sales are effected worth noticing, nor can any reliable quotation of values be given at present. Brandies are still moving, though in less quantities than hitherto. Equal to 35 hhds of Hennessy’s pale have been placed at 10s and a large line of 60 quarters has been sold to arrive at 11s. THE AUSTRALIAN CORN MARKET. The “Argus” of the 25th ult. reports ; The market for breadstuffs, though presenting a firmer aspect in the beginning of the week, showed an evidently easier tendency towards the close, but this appeared more in the auction sales than in anything outside of the mart or in the open market ; but the sales effected even then partook more of the nature of a desire to conciliate traders, called together to purchase, rather than of regular business transactions, so little was sold and so much was withdrawn. One thing at all events was evident, the reluctance with which holders conceded anything, however trifling, on what they considered fair values. On Monday and Tuesday, the offerings of wheat were very trifling, but values were supported at 6s 9d for very prime, and 6s 4d to 6s 6d for ordinary to medium. On Wednesday, about 200 bags were quitted publicly at 6s for inferior to 6s 5d for medium. On Thursday, a slight decline was noticeable ; about 400 bags were quitted at 6s 5d to 6s 7d for medium to fine, and a line of 1000 bushels of really good Western was disposed of privately at 6s 7d. Yesterday and to-day little has come before us in the way of sales, but quotations have been firm at 6s 6d to 6s 8d for good to fair. Flour in like manner was quoted with the commencement of the week firm at £l4 10s in parcels, aud was disposed of on Tuesday at £l4 5s to £l4 7s 6d, a price realised for 40 tons. On Wednesday £l4 5s was got for a small lot, the balauce being withdrawn. On Thursday £l4 was accepted for a small parcel of Dixon’s flour, but, considering that the sale was forced, aud the brand not in favour, the price in these circumstances was no(f out of the way. To-day and yesterday business has been limited to supplying actual wants at up to £l4 17s 6d for bakers’ lots, and a pan el of 25 tons was placed at £l4 7s 6d. Feeding grains have presented a very firm aspect, but the market is not supplied freely, and business is thereby checked. On Monday milling oats realised 5s 6d. Of the Omeo’s and All am bra’s shipments from New Zealand, about 1600 ha s were for this market; the balance went on to another colony. On Tuesday, 900 bags were cleared off publicly at 5s Id to 5s Bd, and ou Wednesday 600 bags were sold by auction at 5s to 5s 4gd. On Thursday, nothing whatever was done. Some rather considerable parcels of imported were submitted to competition, but notwithstanding that the trade was well represented at the sale and most anxious to operate, bidding full market rates, yet the prices they offered w’ere so much below holders’ views that no sales could be effected. Yesterday and to-day little has come before us in the way of sales. Maize is in extremely short supply ; two shipments have been cleared off, the Dandenong of 1100 bags, and the Alexandra of 1600 bags, and the market is again bare, the quotation being nominal at 5s 6d upwards. Cape feeding barley has been disposed of at 4s lid, and malting barley has brought 6s 6d. Bran has been selling at up to Is sd. Pollard is worth Is 6d to Is Bd. Victorian-made oatmeal has been moving off for actual trade purposes at £32.

Adelaide. —The following telegram appears in the “ Argus” of the 25th ult. : Wheat has been sold at 5s 9£-d afloat.