COMMERCIAL.

Globe, Volume III, Issue 238, 15 March 1875, Page 2

COMMERCIAL.

Large transactions have been numerous in the import markets during the past week, and business generally has been brisk. The ship Avalanche arrived from Wellington ou the loth, and will load with wheat, &c., for London. The Waitaugi sailed for London on the 10th instant, taking full cargo of wool, skins, wheat, and sundries. There have been several large sales in teas, ex W. G. Patten, at Is 8d to 2s 2d LB.; the demand for good quality is great. Sugars have met with considerable attention ; several lines have been cleared at £35 to £'3s 10s lor white crystals, and £33 for yellows, 1.8. Henuessy’s pale brandy meets with sale in parcels at 9s 3d to Os 6d; Martell s dark, 9s 3d to Os 6d; Bennessy’s case, 29s 6d; Islay whisky moves oil at Is ; Campbelllon, at 5s 6d. Few sales have been effected in rum, at our last quotations. There has been a fair amount of business done in bulk and case old tom at ss, and Ms ed 1.8. A few parcels of bottled ales and stouts have been placed at lls 6d to 12s 3d, Cornsacks have been selling freely at 12s to Pis 3d. This line is gettiug much firmer, and we expect 12s 6d will be the quotation shortly. Tobaccoes—Several parcels of fancy and twists have been disposed of at the following rates . Twists, Is 9Jd ; aromatic, Is lid to 2s; pocket pieces and qr-lbs, is 7jd 1.8. Kerosiue—The usual trade sales have been effected at 2s D.P. Price’s Belmont candles sell freely in large parcels at IOJd to lid. English hops, 1874—We hear ot 2s ltd taken to clear balance of shipment; stocks very small. We hear of a line of rosin placed at £ll per ton. Melbourne.—The “Argus” of the 6th reports: —ln the import markets a moderate amount of business has been transacted, and some fair lines have been taken up. Breadstuffs show little change. Flour is moving off at £lO 10s to £lO 12s (id; there is a good demand, but not much offering. Wheat is selling at is 7-Ul for really prime quality, but nothing special lias come before us in the way of sales. Oats are very dull, and there is little doing. JJeally good New Zealand are quoted at 4s 4 Id, ordinary qualities are worth 4s 2d and 4s 3d, and for good feeding 4s would be taken. Maize, owing to stocks having become so much reduced, has been run up to 5s 9d. Sales have been made at the price, and up to 5s lOd is wanted. Sugars are moving off for trade purposes, and sales of Mauritius have been made at 34s for whitish. An improved inquiry is experienced for fine teas. We hear of about 7UO half-chests and 100 boxes ex James Wilson having been placed at Is 7d to 2s 3d. Sales of common congou are also mentioned at Is 3d. Candles are coming into notice, and buyers ere more anxious to operate; a parcel of 500 boxes was placed at The shipments advised again this month are very light; 1874 Tasmanian hops, common quality, are quitted at Is 2d and Is 3d. In liquids 1 here is a food business doing, Tenncnt’s bottled ale has een largely sold during the past two or three weeks; some 6000 cases have been cleared off, and this, combined witli the fact that shipments have considerably decreased, lias induced the agent to raise the price to lls for quarts and 7s 6d lor pints, less 10 per cent. Trade parcels of O’Brien’s dagger brand of stout are moving at 9s 3d to 9s 6d; and we learn that a line of 1009 cases has changed hands on private terms. A small parcel of Martell’s pale brandy has been disposed of at 7s 3d. The case of this brand is now selling at 265. For Bisquit Dubouche’s we quote (is 9d to 7s. We observe that Messrs W. J. Greig and Co have been appointed agents for all Victoria for this brand. Mauritius.—The “Argus ” reports:—The Annabella brings dates from Mauritius to 22nd January, at which time the May, England’s Rose, and Hannah Nicholson were loading lor Adelaide ; the Emily for Hobart Town, the William Manson for Sydney, the Avry and Lynx for New Zealand. Whites were quoted at 7.33 dols to 7.50 dols, and brewing crystals at 6.65 dols to 6.85 dols. Of yellows there was so little left time no change could he expected to take place. Brewers’ crystals were also scarce, but chance lots might be picked up at the quotations. The Arabs were in treaty for a 1200ton ship, and this explains the statement received by telegram, via Aden, some short time ago, to the effect that the Arabs had cleared the market of white?. ENGLISH COMMERCIAL. WOOL.’ Messrs Miles Bros and Co report on January 22nd : A small private demand still exists for wool, and some sales have been effected at about Id per lb ovei the prices offered for lots bought in ar the las series, but these are merely to meet particular re quirements. We hear that the early shipment from the colony will be larger this year than usual consequently by time the sales open on the 23rd January, we think there will be quite 190,0u0 bale for offer, which, taking into consideralion (lie re stricted business doing in the manufacturing districts, will probably prevent any improvement taking place in prices, but as stocks will then b( low, and money is likely to bo cheap, we arc in Hopes that Koyember«Deceiubcr closing rates will

lie maintained. The arrivals to date are as follows: Halos.

WHEAT AND FLOUR. Messrs Burrows and Perks say:— “ We have to report a decline of Is to 2s per 4961bs in all qualities of wheat since our last, and with the large quantity on passage from California and the Black Sea, added to the large stocks in farmers’; hands, a further slight decline is generally expected. The price of malting barley has been so unusually remunerative to the grower, that many farmers have not yet thrashed any of the large wheat crop of last year, and many others have sent but a very small proportion to market. The grain arrivals from the colonies have been, as usual at this time of the year, but few and in small quantities, by the Newcastle from Melbourne, and the Auriga from New Zealand. The present nominal value of fine Adelaide wheat is 51s to 52s per 4981b5, and of superfine Adelaide flour 3(is to 37s per 2801bs nett, both ex granary here. Our market would not support these figures in the face of any large arrivals. New Zealand and Tasmanian wheat of the finest qualities are in slow request at from 4«s Gd to 51s, and secondary sorts at 44s to 475, all per IfiGlbs, ex granary here. The late arrivals of New Zealand flour have been very much out of condition, lumpy and very hard; it is evident that tills is too soft and weak in character to stand so long a voyage, and we should always recommend shipping wheat in preference.” Messrs Miles Brothers report:— The wheat market still continues dull, and during the last fortnight a further decline has taken place of about is to 28 per quarter ; but even at this reduction millers are not anxious to lay in large stocks, as they hope to be able to purchase later on at still lower prices. Advices from New York and San Francisco state tli at stocks at both places are very large, and shipments are therefore likely to be very heavy. Californian, to a port of call for orders, is now offered at 4Gs 6d per sUolbs, and Chilian 41s per 4801bs ; Australian wheat is worth about 53s to 54s per 4701b5, and New Zealand 47s to 50s; Australian flour may be quoted at 33s to 35s per 2801bs, and New Zealand 30s to 335. TALLOW AND HIDES. Messrs Miles and Co. report The tallow market has been very qniet, and although the demand for Australian has been very limited, there is no quotable change in prices, but to effect sales to any extent wo think a slight reduction on present rates would have to be submitted to. We quote the value to-day of good to fine New Zealand mutton 43s to 44s 6d, and beef tallow 42s to 43s per cwt. Hides continue dull of sale, aud prices remain the same as last. NEW ZEALAND HEMP. Messrs Miles Brothers report We have no change to report in the value of this fibre. The demand is very limited, and only a few lots have changed hands privately at late rates. PUESERVED TINNED MEAT, Messrs Miles and Co, report— The demand tor beef continues good, and GJd is asked for 61b tins. Mutton is not so much inquired for, and we hear that 1000 cases, 6's, have just been sold at 4fd per lb.

Sydney ... 3,5i8 Port Philip ... 23,590 Van Diemau’s Land 331 Adelaide ... 7,967 Swan Itivcr 300 New Zealand ... 4,115 Cape of Good Hope ... 30,0(57 |Total .. .. 70,818