COMMERCIAL INTELLIGENCE.

Oamaru Mail, Volume II, Issue 596, 30 March 1878, Page 2

COMMERCIAL INTELLIGENCE.

TTMARU. This morning's Herald reports as follows : •«We note large quantities of grain coming into town, bat find that farmers are generally storing a considerable quantity of •wheat on their own acconnt. This i 3 partly owing to the weakness of the market, buyers not being inclined to operate largely over 4s per bnshel. The price of oats is still ruling high, but many outside orders having been completed, there is not so much inquiry, and we quote—3s to 3s Id. In barley there is little offering of good quality, and prices range from 3s 3d to 4s 3d."

MELBOURNE MARKETS. The New Zealand and Mercantile Agency Co. report under date Melbourne, 13th March, IWS, as follows: . . The market for wheat and flour is still m a very unsettled state, and a further reduction in prices has again to.be reported in wheat and Sour, the former 2d per bnshel, and the latter 2s ffd to ?s per ton lower.

■WHEAT. The arrivals by rail show a falling-off as compared with the" previous week. A large portion is for millers'aconnt, and a considerable quantity has gone into store. The quantity offering in the open market is not large, but buyers evince no disposition to operate in the face of a declining market in London, and were it not for the Sydney and Queensland orders in hand prices would have gone lower. We quote as 4d to 5s 6d for good to prime, and at these rates business has been done.

FLOCK. The amount of business done during the week has not been large, owing to the disinclination evinced by the trade to operate except for actual trade requirements. Sales have been confined to supplying shipping orders at Ll2 2s 6*d to LI2 ss. The market closes weak to-day at Ll2. OATS. The Annie's cargo has been sold in one line at a price withheld. The Alhambra's shipment was sold yesterday at 4s 4d to 4s 6d for fair to good feeding, and 4s 9£ to 4s lo£ for good to prime milling ; the later is at present in short supply. BARLET. For really prime chevalier there is a good demand, and all lots offering meet with ready sale at 5s 6d to 5s 7d. Cape barley is in good request at 4s 3d to 4s 4d. MAIZE. A small parcel of new maize realised at auction 6». and private sales are making at 6*s 2d. Business has been confined to very small dimensions, owing to the very small qnantity coming forward. PEAS. Sales have been made at a reduction on last week's rates, viz., 4s 9(\ to 5s 2d. BRAN AND POLLARD Are in fair request at Is Ud to Is 3d respectively. GRASS SEEDS. Continue in good demand, especially ryegrass and cocksfoot. The former is selling heely at 7s 6*d to Bs. according to sample, and the latter at 6§d to 7Ad per lb. Our sales during the week have been—Ryegrass at 7s 6d to 8s; cocksfoot, 6d to 7i : alskye, Is 6d ; lucerne, lljd ; white clover, Is Id ; timothy, 7d ; cowgrass, Is.