COMMERCIAL INTELLIGENCE.

Oamaru Mail, Volume II, Issue 553, 8 February 1878, Page 2

COMMERCIAL INTELLIGENCE.

The Ne-.r Zealand Loan and Mercantile Agency Company (Limited) report, tinder date. Melbourne, 23cd January, IS7B, afoll >ws : The market for breadstuff* and f"eding grains has sustained a slight decline sine the date of our last report on the 16th nit. Whnat.—> otwir branding the heavy arrivals this week, t.hfr greater portion has pone direct to the mill*, and only a very smdl portion has been offered in the open market. Sales of good to prime Northern have within the last few days been made at Ss 7d to 5a 7td, and at thest prices there is to-day a good inquiry. We do not anticipate that prices wilt recede below 5s 6d, owing to the number of vessels on the berth for London ■wanting freight, and would purchase at this figure on ships* account for tjntck despatch. Flour.—An matter tone pervades the market this week. At the close of last week sales were making at t It? 17s 6d to Ll3. bur sinew Tuesday's auction not over LI2 las has been, obtained for best country brands. Oats. —Inferior Victorian oats sold at auction ar :>s. Sd. to 4s. ; Tasmanian medium, at 4s. b'cl. ; and New Zealand, fair to sroo t. at 4s. Bd. to -t-i. £>d. ; milling; at 4-». ! (d. to 5-". Stocks are tliminishing, and owing to the inferior qnality of Victorian new that have come to market, being exceedingly light arid dirty, good sorts of Tasmanian ami New Zealand are likely to maintain their present quotations. Barley.—This cereal is in active demand, for borh malting and feeding. _ The shipment from New Zealand consisting of fair malting haft been placed at a price withheld. Good feeding has been sold at 5s to 5s Id. and prime chevalier would command from 5s Sd t > 5s !)d. Maize.—The recent high price ruling for this cereal has in a measnre checked consumption, and the demand for feed has been thrown on to bjrley and oats. During the week only a limited business has beeu don<at (J-i 3d tob's 4(1. Peas. —All lots offering meet with readysale aft 5s t> i to 5s Oil. Bran and Pollard are in good request, the former at Is 3M, and the latter at Is sd. Grass Seeds."—Sates of no importance havbeen effected during the we*-k, but country orders are beginning t" come forward, principally for rye-grass and cocks-foot. Ryegrass is in short supply, and prices are likrly to rule hiirh. We quote rye-grass at js ; cocksfoot, tUd to 7d ; white clover and alayke, Is 2d to Is 3d ; rape-seed, L 4.0 per ton : cow-grass, Is ; lucerne, Is.