COMMERCIAL.

Globe, Volume I, Issue 77, 29 August 1874, Page 2

COMMERCIAL.

Globe Office, Saturday. , Breadstuff’s remain without much notice, wheat being enquired for to a very small extent. Prime milling-lots are worth 4s 6d to 4s sd, but the demand and supply are alike inconsiderable. Flour is dull, ■ and stocks are found to bo increasing steadily. Quotations remain unaltered, at £ll 10s in sacks, for bakers’ parcels. A few enquiries have recently been made for malting barley, but stocks appear quite out. Oats meet a very slight demand for export. as prices are too high to permit more than a ’hand-to-hand demand. Prime milling samples may Still be quoted at 4s 6d, and medium feed, 4s 3d to Us 4d, Bran is in good request at £5 15s, at the . mills. Butter is very scarce, but buyers do not care „to operate in the face of the approaching spring. Cheese meets an excellent enquiry, at 6ld for choice sorts; Hams and bacon are also in request, at 9£d ] bare and lOd in cloth. We have very little improvement to record as having taken place in the .import market during the week. Scarcely any business has been done, and what few lines that have been placed have been for immediate requirements. _We have no arrivals from England to report, but there are several vessels now due, the cargoes of Which will greatly increase the ample stocks now held. Sugars: A few parcels of best white crystals have changed hands at £37 to £37 10s_; yellow .'crystals, move off In small parcels at £35 ; yellow ' counter meet with sale at £3O. Tea: We have ' little business to report in these lines ; a few parcels of medium to good congous, have been placed at Is 7d to Is lOd 1. b. Hennessy’s pale brandy is quoted at 10s 3d to 10s 6d, case 31s, at which figures only small trade has been done ; the same may be applied to all spirits. Bottled ales and stouts stil . hang heavy ; no sales of importance to record, and now that summer is approaching holders look for a better demand fo- these lines. English hops: Several Inquiries have been made for this article , during the week, owing to the news received from , England of the bad crop, and holders look for an advance on current rates. Several parcels of Tas- : manlan, 1574, have been bought up by merchants : here to hold for a rise in price. Cement meets with the usual steady sale at 235. Galvanised iron has changed hands at £35 10a to £36. No inquiry for slates. Fencing wire : We have several sales to report at full rates. Standard iron meets with fair sale at £l7 10s to £lB.

Melbourne. —The “Argus” of the 21st reports: —ln the import market business generally shows little improvement, but a considerable trade has been done in one or two staples specially affected by English advices. Breadstuff's are firm, but that Is all that can be said, though supplies are on a very moderate scale. Bakers’ lots of flour arc selling at JBI3 15s, bags returned. Parcels cannot be quoted over £l3 2s 6d to £l3 ss. We have no special business to refer to, but as holders arc not pr ssing sales, quotations have some degree of firmness. Of wheat no transactions outside the auction mart have been effected ; buyers, however, evince no particular indisposition to purchase, but there is very little offering to operate in. Under the hammer a few lots were cleared off; best samples (about 240 bags) realised 6s 3d to 6s 4kl, and inferior was sold at 5s lOd. Oats are very quiet and neglected, notwithstanding that the supplies coming forward are so small. Nothing was offered at the auction sale in the forenoon. On the other hand, dealers appear to have no desire to treat for any at the present moment. Quotations for feeding rule at is Od to ss, while milling are steady at 5s 3d. Maize i j selling at 4s lOd in fair parcels. Dundee goods have been more noticed, and sales to-day have been made at 10s 4?,d to 10s 3d. Several parcels have been disposed of. A line of 70 bales woolpaoks has also changed hands at 3s 4d. There is little trade demand experienced, and the improvement referred to is owing to the fact that the idea of a duty is beginning to assume a more definite shape in the minds of buyers, but the thing, after all, is a mere matter of surmise. In teas we note the quittance of a few hundred

packages old congous at lod to lid. Sugars are •' moving In fair lines, yellows being in good request. We learn of the quittance of 1000 bags Mauritius, and 500 bags .lava, at up to £33. Hops arc still in favor. We hear of 60 bales Tasmanian having been placed at up to 16d for hue outside brands. An extensive business has been done in tobacco, chiefly in twists; 250 and 180 quarter-tierces, various brands, have been taken up at an advance on the price at which small lots would be sold last week. 400 packages Venus and Two Seas tens have also changed hands, and rales of Raven and St. Andrew twist, in quarter-tierces and cases, were likewise amongst the business reported. Oilers have, moreover, been made to clear out parcels on the spot, and all advised to arrive of these brands to the close of the year, at the improvement referred to. The origin of this movement is attributed to the receipt of a London telegram, stating that the market in Virginia had advanced to double the price ruling in February, in consequence of receipts of the last crop proving deficient, and the weather for the growing crops being very unfavourable. The rise Is reported to be equal to 6d per Jb on leaf.

Mauritius— The “Argus” reports: The St Hilda’s advices from Mauritius, which are up to 14th July, confirm our previous notice o£ that market. A private communication under that date states “ There will be no new sugar shipped to Hobson’s Bay before the end of August. The weather is still wet, and there is no improvement in the yield of the canes, and from all appearances there will be a large deficiency. The Bombay shippers are offering for finest whites beforehand.”