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Grey River Argus, Volume XI, Issue 1021, 3 November 1871, Page 2

Melbouxjje.— The Argus of the 26th ult, reports : — In the import markets busineus throughout the day has been exceedingly quiet. The nature of the weather and the arrival of the mail, besides the fact that any immedsate action in the market was already anticipated, have all combined to make the day <in exceedingly dull one. Breadstuffsshow no improvement. Quotations for flour range from Ll2 10s to Ll2 15s, but inquiry is on a most restricted scale. Wheat is firm ; 5s LOd has been frequently offered for Adelaide, without being responded to. . Under the hammer a parcel of Port M'Donnell wheat was sold at 5s B£d, and for a small line of prime New Zealand 4s lid was accepted. Advices regarding the home markets are not so encouraging to shippers as was at first supposed. In feeding grains, business is still without animation. Fine samples of milling oats are scarce, and we understand that by auction this forenoon as much as 3s 6d to 3s 8d was obtained, while sales of common feeding sorts were made at 3s 2d. Maize has been quitted at 3s Bsd publicly, and for trade parcels we quote up to 3s lOd. Sugars are very firm indeed, and the public sales show an advance of at least 40s per ton on late sales of a similar class. Some 4533 mats China sugars, ex Joshua Bates and Nordt Brabant, were cleared off at from L 22 15s to L 27 at per bulk. There is also a good demand privately, and sales of Mauritius are reported at ' L 34 for low yellow brewing, at L 36 for fine counters. Stocks are getting rapidly into a very narrow compass, and should supplies not come forward more freely, much higher figures must rule. We hear of inquiries regarding hops, and note the sale of a small parcel of 25 pockets Kent, 1870. at Is 6d. The advices from America report the value of leaf tobacco firm at the advance advised last month, and it was feared the price would continue high to the end of the season. The shipments of twist are very light, and those of tens extremely moderate. We observe a good demand for cornsacks ; a line of 50 bales changed hands at the extreme rate of 12s. In boots and shoes we note a considerable business by auction. There is little to report regarding brandies. Advices from France, however, all point to the probability, if not certainty, of an export duty being imposed, and every exertion was being made to ship off as much as possible to avoid the risk of payment. The vintage was expected to be less than at one .time it promised to be.