COMMERCIAL.

Grey River Argus, Volume XII, Issue 1180, 10 May 1872, Page 2

COMMERCIAL.

Mblbournb.— The Argus of the 2nd inst. reports:—

In the import markets to-day, a large business has been reported, operations to a considerable extent having been carried through in some of the principal staples. Breadetuffs are steady at the advance lately established. For trade purposes flour is readily disposed of at Lls 15s to Ll6. Inquiries for parcels likewise come before us, and Lls 10s is offered for any quantity that can be got hold of. At auction Lls 10s for Wangaratba was accepted this forenoon, and Ll6 was afterwards obtained for Benalla flour. Wheat is still saleable at 7s for prime ; indeed, over this was got for one line of a thousand bushels ; publicly some 500 bags were quitted at 6s 9d for fine, and 6s 6d for ordinary lots. Oats are dull ; we have no sales to refer to outside the auction-room, where good feeding brought up_ to 3s, and average 2s 7d to 2s 9d. Barley is very much wanted, but there is little or nothing offering Teas have been extremely heavy for a long time, and difficult to sell at anything like remunerative prices; This fact has at length directed speculative attention to the market, and considerable excitement has been caused this afternoon, in consequence of its having transpired that Messrs John Everard and Co have just closed sales tothe extent of 20,000 packages and over, besides large sales having been made by other brokers. A considerable portion of the above has been bought on English account, in anticipation of high rates ruling in China during the coming season. A movement of a similar character has simultaneously taken place in Sydney, the market there haying also been cleared. Woolpacks still continue to meeb wibh favor, fully up to 150 bales having changed hands to arrive at 4s 9d. 126 packages Cameron's tobacco were sold by auction, when eighths brought Is l|dto Is 344 ; pounds, Is 4Jd ; five 3 (bars), Is 2£d ; fours, Is 2£d ; -bars, 2s to 2s lid ; sevens, Is 2d. Tens (all faults) were quitted at Is 2Jd te Is 3d. Twist (likewise sold faulty) brought the extreme figures of Is s^d for Raven, and Is 4fd for St Andrew. We learn that the balance of the E. J. Spence's cargo of Patna rice, about 200 tons, has been taken up in one tins at a slight concession on our late quotation of LlB in bond. In liquids we hear of the disposal of a line of 1000 cases Hennessy's at 265.