COMMERCIAL.

Globe, Volume I, Issue 22, 25 June 1874, Page 2

COMMERCIAL.

Melbourne. —The “Argus” of the 13th reports :—ln the import markets to day a moderate business has been transacted, but not much of a special character has been allowed to transpire. In breadstuffs flour continues to be moved off in bakers’ lots at £l4s 15s to £l4 17s Gd, bags included. There is an inquiry for parcels, and £l4 2s Gd is offered, while holders ask £l4 ss. Wheat is firm at Gs Gd to Cs 8d for good to prime samples. Buyers are willing to operate at our quotation, but business is restricted in consequence of so few parcels being offered in the open market. •Oats meet with a fair amount of attention. We hear of the Rubicon’s shipment of Tasmanian having been taken up on private terms ; 250 bags fine feeding have also been placed at 5s 4d. Maize is a shade firmer, and 5s may be quoted as the price to-day. Sales of sugar have been made at £32 to £34 10s, and we understand, moreover, that a large transaction is pending which is likely to be carried through. An improved demand for currants has sprung up, and sales have been made at 4Zd, while offers for large lines at a shade under have been refusad. Candles are also coming more into notice ; we hear of lid having been refused for a heavy shipment now landing. The reason for this inquiry is stated to be that a private telegram has been received, dated London, 10th iust, which states that candles and fruits are dearer, figs being specially mentioned as higher. A demand for woolpacks has been experienced, and we learn that 3s 9d was offered for a considerable shipment to arrive, without leading to business. A parcel of Portland cement has been disposed of at 21s Gd. Kerosene oil is moving though on easier terms. One thousand cases Devoe’s have been taken up at Is 4-J-d, and smaller lots have been quitted at Is 4£d. the public sale of brandy this forenoon 190 packages, most of which consisted of outside brands, were disposed of. Bisquit Dubouche’s was placed at 7s 9d, and the others brought 5s 3d upwards. (Hard’s quitted at 8s 9d, Hennessy’s case at 30s4£d. The adjourned meeting of Messrs M‘Galium, Neill, and Go’s, creditors was held this afternoon to receive the investigating committee’s report, which was of a most satisfactory character. An offer of composition was submitted of 10s per pound, payable half cash and half by bill at four months’ guaranteed, which was at once accepted by the meeting, and hopes were expressed that nothing would interfere with the arrangement being duly carried through. Adelaide.— The following telegrams appear in the “ Argus ” : —June 10th—Wheat is sold at 5s 4d ; country flour, £l2 12s Gd. June 12th -Wheat has been sold at 5s 9d afloat. A sale of 200 tons of Hart’s flour has been made at £l3 10s ; woolpacks, 3s 9d. June 13th—Wheat is dull at 6s 9d.