COMMERCIAL.

Grey River Argus, Volume XI, Issue 945, 7 August 1871, Page 2

COMMERCIAL.

Gbey River Argus Office, Saturday evening.

The amount of revenue received at the Customs on goods passed for home consumption to-day was £118 15s 7d.

Chetstchurch.— The Canterbury Press, of July 31, reports :— We have no improvement to notice in business during the week, no transactions in any one line being of sufficient consequence to call for special comment. In the gram market a sensible decline has taken place, owing to the fall advised simultaneously from Melbourne, Sydney, Adelaide, England, and California. It is, however, somewhat surprising that the San Franciscan news should have affected this market to the extent it has done, as the decline is merely owing to the fact that their harvest is just ready, when easier prices are bound to rule. It now appears almost beyond doubt that their surplus will not exceed 46,000 quarters, as against a surplus of 835,000 quarters in 1870, and a surplus of 1,250,000 in 1869, and as prices even at present are equal to 6s 3d per bushel, it is obvious we need not fear the Australian markets can receive many shipments, as the comparative quotations leave no margin. It is also almost certain that France and even Germany must import heavily during the present season, so that it is next to impossible for the price of wheat to set iously decline for some time to come. We still quote prime parcels .of stored wheat at 5s 3d to 5s Gd, although buyers are very chary in buying. A small business is doing in oats, at fairly sustained quotations. Prime Canadians are quitted freely at 2s 5d to 2s 6d j medium do, at 2s to 2s 3d. Tartars also are in some request, at 2s Id to 2s 3d, Butter is scarce, and picked parcels are moved off readily at 7d. ,