COMMERCIAL.

Globe, Volume I, Issue 53, 31 July 1874, Page 2

COMMERCIAL.

Globe Office, Friday. The Customs revenue collected yesterday was as follows : Sugar ... ... ... .£4 13 4 Wine ... ... ... 69 2 5 Earthenware 13 9 11 Bottled beer 27 16 3 Spice 7 0 0 Spirits 147 10 0 Tobacco 54 10 0 Tea 38 12 6 Drapery ... ... ... 135 2 9 Grindery ... ... 69 5 0 Boots ... ... ... 27 0 11 Carpets ... ... ... 6 12 0 Musical Instruments ... 14 13 11 Sundries... ... ... 450 15 6 £1075 4 6 ENGLISH COMMERCIAL, WOOL, Messrs Miles and Co. report on June 12th : The sales are progressing very favourably, and prices for all but faulty wools arc certainly in favour of importers. The home buyers, who did not purchase so freely at the commencement, probably in anticipation of the foreign demand falling off, are now coming into the market and competing with the foreigners, and hence the firmness towards the termination of the series. As a large quantity of wool has found its way to the Continent, we look for brisk competition from the home trade at the next sales, and as the quantity will not be excessive, we think that present rates will then be fully maintained. WHEAT AND FLOUR, Messrs Burrows and Perks report as follows : Since our last there has been almost uninterruptedly warm and forcing weatuer, with

occasional thunderstorms, and in consequence the appearance of the growing wheat plant, which is now fast coming into ear, is promising in the extreme. The value of white foreign wheat has been fairly maintained by purchases, both on the spot and off the coast, for France, Antwerp, and Rotterdam, till within the last week, when the very hot weather and a cessation of the purchases on Continental account, have caused the trade to become very slack indeed, and only a small business is possible at a decline of Is to 2s per 4961b5. Red American sorts have declined fully 3s per 4%lbs during the month. The present value of best Adelaide wheat is 64s to 65s per 4961b5, and of the best Adelaide flour 45s to 45s 6d per 2801bs, ex granary, only very prime brands of the latter occasionally realising 46s per 2801bs. The arrivals of Tasmanian and New Zealand wheat have varied considerably in both quality and condition, the value ranging from 56s to 63s per 496 lbs, ex granary, with a very limited demand, especially for the inferior sorts. Tasmanian and New Zealand flour is also in but slow request at from 88s to 42s per 280 lbs, ex granary. The grain arrivals from the colonies since our last have been by the Hydaspes, from Sydney ; the Arab Steed, Orient, Cornuvia, Dunkeld, and Annie Bow, from Adelaide ; the Zealandia, Celeeno, and Christian McAusland, from New Zealand : and the Helen, from Hobart Town. The Asterope has arrived at Falmouth, and been sold at the very high figure of 65s 6d per 480 lbs, cost, freight, and insurance to Dublin. Our stocks of wheat and flour in London on May 31st were 143,000 qrs. and 300.000 cwt respectively, being a decrease during the month of 36,000 qrs of the former and only 9000 cwt of the latter article; these stocks, however, are still larger than those held at the same period last year by 12.000 qrs. wheat and 53,000 cwt of flour. The course of prices will probably be guided, to even a greater extent than usual, by the weather that may prevail during the ensuing eight or ten weeks, as although the present appearance of the growing crop is most promising, and the cargoes of wheat on passage are fully up to the average, the stocks in bakers’, millers’, and dealers’ hands is reduced to such an extremely low point as to make the trade very sensitive to any adverse influences. The number of wheat cargoes now on passage to the United Kingdom is 279, against 290 in the corresponding week in 1873 and 175 in 1872, San Francisco telegrams _of June 6th quote Californian wheat at 55s per 500 lbs cost, freight, and insurance to Liverpool, with freight at 75s per ton. For shipment all this year lower prices would be accepted, possibly from 50s to 525, usual terms, Maize, with the prospect of larger shipments from New York, is cheaper since our last, the present value ou the spot being from 35s 6d to 36s 6d per 480 lbs for good mixed American. Oats are firm at our previous quotations of 27s to 295, per 304 lbs for best sweet Russian qualities. TALLOW AND HIDES, Messrs Miles and Co report;—The tallow market has been firm since our last, and prices have again advanced. The value today of good to fine New Zealand mutton is 39s 6d to 41s, and beef 39s to 40s per cwt. There is no change to notice in New Zealand hides ; we quote ordinary quality 5Jd per lb. NEW ZEALAND HEMP. Messrs Miles and Co report:—There is not any alteration to advise in the value of this fibre, as the market remains very quiet, with small sales at steady prices; but as Manilla has slightly improved, New Zealand may harden a little. PRESERVED TINNED MEAT._ Messrs Miles and Co report:—There is scarcely any business doing in this article, but a few holders have forced parcels on the market at a reduction in prices. Rates may now be quo! ed—4lb and 61b mutton, 4£d to 4Jd, and 21b mutton, 6d; 41b to (Jib beef, 6d to 6-J-d, and 21b beef, 6£d to 7d, with dull sale.