COMMERCIAL.

Globe, Volume VIII, Issue 817, 3 February 1877, Page 2

COMMERCIAL.

Although sales of new grain are now daily increasing in number, prices can scarcely bo said to have yet fairly settled down. The rush for new wheat has almost subsided, sufficient having been purchased for immediate grinding, and as no export orders requiring direct attention are in the market, very little disposition is exhibited by traders to purchase at much over 4s. Oats are quiet at 2s. and with the large stocks from last season still held by some houses, both here and in Australia, no present improvement in price is looked for. The late rains appear to have done considerable damage to the barley crop, the majority of samples offered being more or less discolored. This is a moat unfortunate thing for farmers, as very heavy stocks of similar quality still remain from last year, and will render this season’s almost unsaleable. Bright samples are In fair demand, and sales have been made at 3s 9d. Grass seed continues In fair enquiry at 4s to 4s 6d for fair to very clean samples. Judging from the large quantities offered, the supply must be considerably in excess of last year. Flour quotations are unsettled, and vary from £ll to £l6 for retail parcels. As new flour will shortly be in the market at lower rates, only a hand to mouth trade is being done. Butter and cheese remain at late quotations of 8d and 6}d respectively. Hams and bacon are quiet at OJd cloth. Business has been fairly brisk in the import markets during the past week. Teas and sugars have received the lion’s share of attention. Large parcels of the former have been quitted ex late arrivals at Is 5d to Is lOd, Lb. In sugars we have to report large sales in whites at £36 los to £4O; yellow crystals, £34 10s to £35; counters range from £2910s to £33. English hops—Several parcels of 1876 growth have been offering lately at 2s 4d to 2s sd, Welearnof salesofprime Kents at 2ssd. Hennessy’sbulk brandy remains as last quoted; traders will not give beyond 9s 6d for bulk and 33s to 33s 6d for case. Good second brands command 7s 9d to 8a readily. Wolfe’s schnapps have been disposed of at current rates. There Is very little doing in tobaccos beyond small trade sales. Price’s candles change hands freely at loj-d to IOJd. Kerosene is quitted in small trade lots at 3s 3d, d.p. Cornsacks - Sales have been effected at 9s 6d for parcels, while for farmers’ requirements 10s Is obtained. Bottled Ales and Stouts have been cleared off at 10a to 11s 9d, according to brands. Galvanised Iron—There are numerous would be buyers at £3O, but holders will not accept lower than £3l, stocks getting low. Cement has been sold, ex store, at 17s 0d to 18s 6d for small lots. Fencing Wire—We have but few sales to record .in this line, but expect this month to learn ot large sales in this line.