COMMERCIAL.

Manawatu Herald, Volume II, Issue II, 1 June 1880, Page 2

COMMERCIAL.

; Wellington, Friday, May 28. Colonial Produce. — Accounts from london show that the wheat matkeb is much depressed, but no particular alteration is apparent in value. Shipments from America continue heavy, and we hear that the coming harvest ia expected to bo favorable both in Europe and America, which points to a further reduction. Quotations in London are 51s to 62s for South Australian. and 48s for New Zealand per 49Clbs. Colonial flour is selling at £10 IU3 to £11 ; large consignments uro being received from the South. Miller's in Oamaru quote £10 f'.o.b. with a good demand. Chickwhcat is in heavy demand at 3s' to 3s 3d. The trade price of lata is '2s, though parcels havo besii sold at a reduction of 2>l to 3d par bushel on this figure. First-class brands of oatmeal are worth JEI2. Pearl barley, £22.. Nelson bops are quoted at Is 9d to 1q 10d f.o.b. there; Onions, £4 103 to £5, overstocked, About 150 tous of potatoes have arrived during the week ex vessels coastwise, and have been mainly offered at auc'ion. We understand a cargo changed hands at £2 sa, but smaller quantities have been plaoedafc £2 7$ 6d to £2 las.. If aush large shipments continue, prices will undoubtedly suffor.although even' now they are unusually low. The purchasing price of ruH butter is nominally 7£d-to 8d in barte. ; no speculation, however, etiats in consequence of the utter absenoe of demand A shi»meut of Sydney maize, which proved weevily, sold as low as 3d 2d,*bnt subsequently goda' Poverty B.»y reulised 3s 9d ; the consamp tion is, however, smaP. Snppti e8 of bacon «. ma from * )cw Soutu w ales wro amply sufficient for requirement,- and they tnyve off at l)d to lOd per Ib ; we hear of nothing eomjpg from Canterbury, little having been cured 111 that district this season. 1 The following find a few purchasers for small lots;— Bran, £3 to £3 10s; chaff, £5-; cheese, 5d to ssd ; pollurd, i's to £0 10s. Prices of produce this season are no generally low, that we are afraid the resait to growers will le anything but satisfactory. MMfW €)ros)ieiy,: H^seli, and Co *epbrt sales nils week.v—FiMur £11 to £11 10s; pollird, £S; oatmeal, iJI-2; potatoes, bl-ie Derwent, $2.\o*to M 2 fss; white kidneys, early B|di V^, £4 lOs ptr ion j onions, 6sc«rr ta, 3* per owl. ; braa, 8.1 { whoat f^wi's^ 8a fld j maize, ad to 3h 61I ; oats, | s gd to 2a per bushel ; cheese, 6J to 6|d ; butter (print), lld jor.la per 1» ; Cahtei bury hams anaJ^con (new cme)v lO^d per Ib ? applet 83 «d to 10« ; orange*, 6-t (II to 8a 6i per oHse; fow] ?> 4a; ducks, 4i Odper. rair; Nelson hop«, 2- 3d per Ib.