COMMERCIAL.

Globe, Volume IV, Issue 414, 9 October 1875, Page 2

COMMERCIAL.

Transactions in the grain market during the week have not been numerous. For wheat, sellers are still disinclined to accept lower prices than ruled a fortnight ago ; on the other hand some of our exporters have for the present ceased to operate, owing to advices of a steady decline in the English market. Oats are very dull, and there is no enquiry whatever from outside markets. Barley continues quite unsaleable, and we hear of a large line of good malting having been offered at 3s 6d, hut refused. Flour remains dull at last quotations, and little export is being done. Potatoes are rapidly receding, and some transactions with farmers at £2 have taken place ; indeed at this price only a hand to mouth trade iscaniedon. .Large stocks are still held, and we look for lower prices. Dairy produce recedes in value as the season advances. Hams and bacon are dull of sale, the price being apparently too high for outside markets. Buyers' quotations are—Prime milling wheat, 4s to <ts 2(1 ; do oats, 2s 6d : feed oats, 2s 3d ; barley, unsaleable ; flour, £9 10s, in sack*; £9 17s 6d in 1001 b bags, £lO 5s in 50lb bags; bran, £i 10s ; sharps, £5 10s; potatoes, £2 to £2 5»; butter, lO^d; cheese, Bid ; hams and bacon, bare, ll$d; cloth. Is. We have no change to report in the import markets during the week. Trade has not at all improved this month as compared with the last. With the exception of trade sales we have nothing of note to report. The ship Waikato arrived from London on the 3rd, bringing full and valuable cargo of general merchandise. Sugars—Stocks are extremely low; trade sales have been made at full rates. By telegraphic advices to hand we note a cargo of Mauritius sugars has left that port for Lyttelton, and is hourly expected, being fully due; another vessel has left with part cargo for Dunediu and Lyttelton. These sugars will come to a very food market. Teas have received very little attenion from trade; small sales have been effected at current rates. Currants—Several large parcels have been bought, to arrive duiing the week, at 4jd to 5Jd, The demand for currants is very good indeed. In spirits we have very little to report. Hennessy's pale brandy find purchasers at 8s 6d i.b.; case sells freely at 32s to 33s Dunville's case whisky has been placed in large parcels at 17s to 17s 6(1 ib. Candles are firm, at lid to Hid. Kerosene is placed in trade parcels, at Is lOd to 2s Id d.p. American salmon (lib tins) has been quitted at 9s 6d to 10s. There is very little demand for Morton's, at 10s 6d to lis. Blood Wolfe's bottled stout has been sold at lis 6d to 12s. The demand for this stout is increasing, as the shipments of late have been so uniform in quality and condition. Woolpacks do not call for any particular remark; sales are made at 3s 9d to 4s, according to quality. Cement is in good request at 20s 6d to 21s. A large parcel to arrive, per Himalaya, has been bought at 21s, to be delivered in Christchurch.