COMMERCIAL INTELLIGENCE.

Oamaru Mail, Volume III, Issue 744, 29 August 1878, Page 2

COMMERCIAL INTELLIGENCE.

REPORT ON GR\IN MARKET. MelbO' bse. Ansn-t 21 The New Zealand Loan und Me-cntile Agency Co. (I imited) report :—' at-: >» e date of last report oats continue in god demand. The arrivals ncert -\y have been light, and scarcely equal to the demand. Present quotations —Mr ling. "»- 2 ! t-> 5-> 3d ; feed, 4s lOd to 4s ltd. Arrivals by rail. 165 bags. By coast, 1641 bags. Ba l*y : The market w very bare of s pdies. Malting samples are in keen request, and high prices could be obtained for prime bright grain. Quotations, from 6s frl for. medium to 6s 9.1 for prime samples. Wheat: Market firm Victorian grain is worth -*s 3d to 5s 4d, with an upward tendency. Flour: Ml> to Lll. Bran : Firmer. Sales, Is 2d to Is2§d.

INVERUARGILL. [By Telekrafk.] Angust 2S. A Bale of Mr. Qulnn's property, »line-tone Plains, was effected to-day to Mr. J. \\. Mitchell, for Mr. Stevenson, North Taten. for £9OOO. Also, Quinn's tlrautau farm, to Mr. Wanl, for LI 600 ; and Kenanino farm, to Roberta and Co., for LlOls. MELBOURNE GRAIN* MARKET. (From the Aug 17.) The market for bread-tuff-, hai exhibited great firmness, and an advance on the rates ruling this* day week has been established both in flour and wheat. To-day sale? hare been reported at LIO 10s. 1.10 12* 6d. and LIO 15a. Wheat has exhibited great.firmness, and very little has been on sale in the open market. Millers have manifested -willingness to purchase, and holders have advanced their pretension* accordingly. A good business could at any time during the ■week have been done at 5a Id to 5s 2d, at which quotations the market was firm up to Monday. We have to report the sale of 1000 bags, 500 bags, and 450 bags, at 53 3d. Oats have been scarce, anil are much wanted. Little was offering to-day, and quotations remsiaed at 5s to 5s 4d. Maize, owing to Sydney advices and the paucity of supplier. is being held for higher rates. On Tuesday 600 bags were sold at 43 lOd, but to-day it is generally held for 5s to 5s Id In barley a considerable line of Cape h.is been sold to arrive ; we quote feeding 5s 31, malting up to 6s 6d. A sale of 15.000 bushels of bran has been made at Is 2"d. Pollard is worth la 3d. Oatmeal remains unchanged at L 29. Pearl barley continues to command L3O. ENGLISH COMMKKCIAL. The Loan and Mercantile Agency's Circular (per the San Francisco mail) reports : WOOL Since the conclusion of the public sale there has been some inquiry privately for fine combing merino, but no extensive transactions are reported. The known scarcity of thi- clas3 of wool, and the heavy falling off generally in Australian shipments recently had some considerable effect upou manufacturers, who hitherto h;>d l*een unwilling to believe in the .-tati-tica. of short supplies furnished from various centres of Colonial r reduction. The Biadfo'd market shows symptoms of some weakness, owing probably to the large purchase of cross-bred and long-wool made during the sale*, and t<> the unus-ually large stock < f Homegrown wool, which estimated as equal to two year-' crop; but in other quarters we do not hear of alteration, though the manufacturing districts in the north report quiet demand. In preserved meats the demand is -slack, both for mutton and beef; th re is no bu-mess of importance recorded, .-ma I sales of mutton have been effected at *Jd. but this cannot be considered a firm price. To teil a-.y considerable quantity a reduction « otild have t» be submitted to. Australian whe it 13 selling »t 51s per 469lt>s landed. Few samples of the New Zealand crop have been seen yet, but such as have come to hand all of good quality—some really fine. Current quotations are as follows: -Australian wheat (new), 49s per 49« Ibs ; New Z aland wheat (old). 42s to 46s : Australian tl< ur, to 37s per 280lb»; New Zealand fl ur. ."G* to 34 . Sales: New Zealand five per cenis.. lt»i§ : four and half, S9. Napier Harbor Boa; d quoted at 102 to K4; Otago Harbor, M 4? ; Citv of Christchnrch Drainng". 10« to H>S ; Dunedin City, 107 to 109 ; City of Wel-inir-ton consolidated. 10t> to US; S'ew Zealand Loan and Mercantile, 3J premium; Trust Loan, 45 ; National Mortgage, J premium. * AMERICAN COMMERCIAL. Nkw York.—Sperm oil, Sb's to SS.-t; whale. 40s to <*ss. Wool—spring, ISc. to 2'"c. ; pulled, 24c. to 35c. Sas Ftujrcisco.—Wheat, Idol. 65c. to Idol. 70c; flour, extra, odol. 25c. to sdol. ST'c; barrel, shipped, 4dol 75c. to odol. 35c. The Zealandia took 432 centals barley for Australia, and 752 for New Zealand : feed sold at 87Jc. to Idol.: oats. Idol. 40c. to Idol. 65c.