COMMERCIAL INTELLIGENCE.

Oamaru Mail, Volume III, Issue 720, 31 July 1878, Page 2

COMMERCIAL INTELLIGENCE.

MELBOURNE GRAIN MARKET. (Prom the Australasian, July 20.) Aft the lower rates ruling in the latter part o* last week for breadstuff* a decided disposition to do business was uumi estcd- On Saturday flour was quoted V > !05 ,™,7 IJJB. and at the former rate fully ICO ton* were taken: up, small lots being disposed of at the higher figure Wheat alaowas disposal af m increased quantities. Two lines of 300 bag* each were placed at os, and for smaller parcels 5» Id was required. On Monday breadstuff* seemed inclined to he somftwhat firmer, a slightly better teelmg having been imparted by English telegrams; but stocks are heavy and supplies came freely forward. Flour was still quoted at LIO I 0» to LIO tik fti, and trade parcels were motced off at our quotation. Good miUing wheat wa* quoted at 5a to 5s Id; and we besides- heard o£ equal to 5a 2d hairing been realised for an extra fine parceJ. On TuWay breadstuff* found buyer* at the auction sales to a fair extent; about 800 tiaim of wheat were cleared off at 4s lid to (to tor good, and 4» SJjtt to 4a lOid for inferior to medium. Flour was more noticed; about 50 tons were disposed of by auction at LIO 10s; and, privately, about 70 tons found buyers at LIO tOa. In another in•tancf about BO ton" were placed at LIO 15s nut M«»w. Morgan. Connor, and Wyde 8 Ad«iaide monthly mail circular, dated 11th Juy, gives. th« shipments of breadstuff* for thw'yenrat U&303 tons, leaving 55,037 tons »fill available ioc shipment. Tho pr:ca of wht-ut hud fallen during the month t.ia»(ttrt. To-day Hour has been setting at LIO lOa m 10-ton pawls, and a tine of H> tons has changed hands at 'hat figure., the hammer 500 bags of wheat have been *onl at 4s ltd to 4s IfH on very cfrse terms; holders generally ask as. Oats hav« been quiet, but steady ; sales of medium, feeding were made at 4* lOd both on Saturday and Monday, aud oi fine feeding at 5a on the tatter day. On Tuesday a considerable business was- done at auction. In one mutance. 600 bags New Zealand were cleared off at 4s Shi to 4s 7*d for ordinary feedinsr: r_W bushels were also quitted at 5s Id.tor milling, and 5s for Victorian. A parc«l of I 5» bags stout feedinir was placed at as. we have no change in values to not*, and the market ha* been quiet to-day. Maize baa continued throughout the week to command •is tid. with a fair trade inquiry. In bar.ey ml auction on- Tuesday 3500 bushels New Z«fll»nd malting rratised to ffd to b's > u d. Kal«s <>f bran have been reported at Is -•' : pollard commands Is 3d to la 4d. In \ ictoriau oatmeal and peat 1 barley we have no Alteration to report; quotations remain at 1.(29 and L3O respectively. FNOIISH COMMERCIAL. [BY CAKLK.I I.twno.v. Jnly 29. Console 05J ; market rate of discount, 3. Wheat, fionr, and t'oloiviai securities nnchangetL _______^_____.