COMMERCIAL.

Oamaru Mail, Volume IV, Issue 952, 7 May 1879, Page 1 (Supplement)

COMMERCIAL.

ittTo consider it very desirable that tall an varied reports of markets should appeal ruiruturtv « v «*y month ' arul , H° e du»lt. :„vi6« all who ar» engage.t uv lysines,s ,o,UH<cte.! wiMi live stock, wo.d, grain, or fflUtls. to send us two days previous „o'puliittntion an account ot' their transswtions tor thu mouth. | is' e:w zeala>~p. OAMAK U. Jfjv» Z&u.ASD' Ar.HK-rr.TCßtst Office, T neat by HAreuing. Jt vury considerable amount of business has bu«a done in the grain market during to piwt month, but it has not been of a nature to growers,, and our duty Of wording the month's transactions is not J vary pteswanls one. The sales that have tota places have partaken too much of the olwiwtur of compulsory saenhces m order to obtain cash to meet the screwing demands ot ,1 10 banks. As a necessary conscience. prices have barely been maintained escept (ur wheat., notwithstanding that (inotations [romakoad have not rece.ted, amt in some o'i»u3have tlisplsyed a slight improvement. Tito past month, has witnessed the shipment of a considerable quantity «t pro,luce, a.: mv W. ascertained from tabulated statem'uiits which we give in another ctumn. Ot to to. amount credited to Dunethn. a I eumknblu portion was forwarded tor transft imssmito ttonwgoing vessels, shipped by ftwtliUfl anil growers. P»ut tlespite the I luwy stapnvnts matlc, stocks are stilt ac- ■ siimulatmg. mul storage is almost iw.btam- ■ nblu. Outside orders are but sniatl, an.l I millonr m opt-rating sparingly, the tow pi'iuon (i/itaiiuiWu for tlie niannfactnre.t ai'tielcs prewntingany thing tike an energetic ilmsim'ss being pursued by mitt-owners. Caution is decidedly tlu: order of the nav, ,111(1 omiKUHuinitly business id considerably iii't.'iiletl. Wheat, owing to speculation and ~(i lower fvei'iUts offering for Continental porta, has umtev»t>ne a slight improvement. Wo now ipinte enml mdling samples from %sdto3s 3d per bushel (f.0.b.). Oats have shown a downward tendency, owing to the largo supplies coming forward, the difficulty in placing them- upon other markets, tielftelt of speculation in Australia consequent ltpna the tightness of She money market, anil the tow price of mai;:r. The highest jtfiiuts obtainable here are from Is |od to •Mil (f.0.b.). As brewers amt malstcrs are now tvell supplied with barley for their present riMpiii'emeuts,. there is but tittte doing in this cereal, and prices have receded cmsiilwably ; and we quote nominally from ICIil to 'ts tid for milling an.t np to *.s for jthno malting. Potatoes have e:q>erieuced: t'icciilvtt advance, and are now quoted at LI per ton. Flour remains at LS 10s per km,mtm«at at LIT, and pearl liarloy at In othur commodities we quote wholesale prices as fellow: —Pollard. £»»• t bran,. L 4 l«»; ontvn bay. tA : ohaff. L2 tOs : carrots. L'« Uls: ircsh butter. Is (id to ts id ■. salt Imttev, U to Is Id ; cheese. Oil to ts, accord-

Ui i\\v,iV\ty. In thu w.ml market, nothing has been Joiic, ami ;iU interested are waiting patiently for iiuw9 frnm fTonie ad to the resutt of the Ifay salus, which were to commence to-day, lid a risti in pi'iue is anxiously looked for. .DUN ED IN. I 'l'hci'o is a fair demand for prime wheat, fnt growers seem indisposed to sell at prelow rates. Really primt: samptes are |notml at from "s (itl to 3s tht: ordinary to swil, lis 3d to "h 3d; fowls* feed. 2s t>.l to »s. Oats are in much easier demand anil (notations arc merely nominal. IMme jiilling samples at np to 2s tid. per bushel; IM tVt'tl, at up to 2s 3d. Barley, with the inception nt really tirst-class samptes. is not piMwh mmil requust. Reatl-y prime matting t h lltl to tis : ordinary, 5s to i>s 3d; Billing, 4rt till to ss. CHRIST CHURCH, tlw following is the report of the Corn mlimiijb for tile week ending Friday evenVM May 'There has been all through ' *rok a heaviness in the grain trade. fWadvices rcireivetl from the Australasian jail'stlo not show much improvement in "jpin market. In Melbourne it is a refact that the chief export port of is a large exporter of wheat and "'"■feyear. It may be reckoned upon ?. future that wheat amt Hour form targe articles of export, in *«of, as hitherto,, that port requiring Wins in hreadstult's. From Xletbourne. of both wheat and flour have 11 oiatla thit* season to the United Kingdom. L mv J'ontlt Wales, and. latterly, to Caltam , Wo favorable opportunities of obtain- ? low rates of freight at present to these "P ports. South" Australia, too,, enjoys " •jdvantau'e. Freights are reported obj than 20s per ton to the i " Kinjidom. freights in New Zealand unfavorably,, being fifty per cent. 1 c,n 'Pl witlitlie high i ail way j " fwpi heavy items on produce of low ® e ; Ike loss caused by tile tast item of * aae been estimated at i.25,000 1 for .Ek Thu cry is general against the high Status, tt behoves all to continue this question nntil the evil is Wiutl. The continued dry weather in is exciting apprehension among tot graziers. The recorded rainfall slbcmrut;, from the beginning of the year ?.Utll ult., is only 2 - S3 inches, as against j for the same period last year. & ln ™ll this year is the lowest on record ?!bounii? for twenty-one years, except in ' It Would be of great value to the community and the pubtic generally tfiroughout New Zealand was in no chance to record m flil w,B k's quotations are sustained. ® commiinds 3s 3d to Set fc'd ; '"wwrnatdiuiß, & tOd to 3n 2d.

Oats. Rttsinesw w atmoat at a standstill, havers only npe.atmz t'rorri fuirrrf to mott'Ei. Ko[d-rs» ari: nWitlin? tn, prtrt .•*•••• ptrwr at tivs". w«*fc'i« quotation'. <>ki»{ milling sample::. 2s» fhl to 3* l»: f(nal«tfes». 2s »«l to 2< Sd. Barley. ftoammu has hardly twen an Urisfc during "the Week. B-cwrra and mattrttcro are now st> eornptetety stocked that :tre indifferent. and' twmr t.nt the- wry priiwst samples rne-t vritli any attention tr»ff tli'-m. f> tv tli« other hand. tht- market in Melbourne is "ood. and a fair tleliwwi exist* tor that port. Prime malting sample# still command f>s 9d to Us. inferior to medium ranging £ f.>lll 3.4 tT't to> ;"s, . finmu* seed.—No btismesw doing : prices nominal. Beans.—Little demand exists at present, and few parcels ottering. Sales could be effected at 3s t>d tf> 4s. Potatoes'-—The farmers' are still busdy engaged digging an ' l .pitting: the.v appear to be resolved on holding tor very high rates. Advices from U'arrnambti.d prove conclusively that the supply there cannot met re. t vii retue tits. 15.00'» tons Have aires, y been exported from that port atone : the deliveries are fallim; otF. The dry weather at_ BMlarat and Lance tie td has. affected the yield %ery, materially, eonse H tientty high rates are to he, looked for. • Jetieral eomnlamts are made against the Warrnambool being black m the middle. Tins is the result of the dry I'weather. Dunug the w«ek sattv have effected here at last week's quotations To j' do business bttvers will have to meet the I producer*, to some extent. There are several lirv'e orders iu the market nneset-nted. Uates have a decided upward tendency. Sales have Wen made during the week at. from L2 17s »itl to L 3 at eotmtry station:within t> ruiies of lu'iftehitreli. Cheese and {.latter. to tor the former. tOd to I Id tor the t.ittei. t AtVULAND. ! Mr. <r. fltnrtey reports. tinder date M»v 1,, as follows :-Slaize. 4s to 4a 3d ; tic* market a tittle higher: potlard. Lt» to L»>. lt> scarce : bran. L 3 t«>< to f.*"> 10s. scarce :! Hour. Lt> to Lto : potatoes. L-"» -*s to L»> : local potatoes, Ltf; Canterbury, scarce. wtxuxtvrox. \ teb-Tarit dated April »Wh. int'orm.-t tt- 1 that at a'tai-ice sate of New Zealand prothf-e the prices realised wereUrass seed, .is: cheese, »<tl to K.Ut: oatmeal. LIS Ij's : oats. I to- o's td ; peas. 4s f>»t: tuaize. .*>s : chati. f.o i;.- Sd : tlonr. LH t°s to f.tS 15s : wheat, ."s lOd to 3s ltd : bran. II id to Is : harr.s, tOd t pottartt. to ' .>'t. IKV KRC A Uf i ILL. The Times of Saturday last reports C.'onsei|ttetit on the beginning of a new month, a fair amount of business has been got through this week. »rratrt has been »lealt fn more " freelv" at fottowinc pries i—t 100 I mitlini; wheat, new. "s t-d to Ss M : old >lo. 4s to fs 4d. (iood feed oats. Is lid to i- : luiltim; do. l!s Sd to a» 4d. V*' sieved:,, is worth ."s to ."s M. V Mtr [,;> t:os, bran L">. and pollard •">•< l»»d at the mills Stocks are abundant, and there ts no prospect of values of bread-stuffs advancing. ACSTRALIA. ifKLF:o['nxr;. The Ar>.'us of April reports In the import markets business has not been market 'by the slightest appearance of animation, and transactions, as a ride, have been of a most restricted character. Breadstttfis have had no special trade inqtttry. and sates have not been of muehaceortrit. At aifettfiit. ffottr was sold at Ltt>is Hit. and for choice brands L tO ins continnes to he obtained, though only I trade sates are reported. Wheat maintains ! 11 notations of 4s St to 4s Dd: but thoiidi [ there is not so much offering since the recent 1 export orders have been executed, there is I no perceptible change in values. At the i auction sates very tittte ap[«:ars to have been done. About 2*J4 bagst in all were disposed ; of at 4s %t to 4s 3d. Messrs. Morgan and i Co.. trv their Attelaide circttlar of April 10. i advise having exported of the present crop i to date 57.M3 tons of breadstr.tß leaving . S-.*,t>73 tons for shipment. Feeding grains I are stow, and values unaltered. A parcel of 1230 bags Xew Zealand feeding oats was I placet! at 3s »d to 3s lOd. At auction lij> | sottt at 3s 9,Ut. -"><10 bags Tasnianian • fet'dinir were dispoaetl of at J& 3d to 3s Td. i Very ordinary nialting barley was quitted at ! Ks. white feeding barley was placed at 3s (>d i to 3a Sd. For bran very extreme rates are [ now quoted. Sates of maize are making ! privately at 3a IWtl. At auction. 2-30 bags I tikewise realised 3s lOd : GOO | bail's were also uttitted at 3s S-Jd to 3s fd. | GREAT BRITAIN. | LONDON". Messrs. 'Miles, Archer, and Co.. of Lon- : don. report, ttnder date March 14 : j Woor..—There has been no new featttre in l the wool market since our last. the_ demand ; on the part of oitr Home trade being very ; inactive, white on the Continental account ! the competition has been very brisk. _ the ! purchases for Germany showing a considerable increase. The best demand is tor scoured wools welt got up ami fairly free from faults, prices for which continue pretty firm : but reatty tine wools which com* I mantled so much attention this time last year are not now sought after, and medium ; to fair fteece wools are also dull of sate. Crosadireds, as welt as all low and faulty descriptions. have been bringing very high prices, bnt as tfiere are large parcels of Kmrtish wool on hand (held over by formers), and our new etip wilt shortly be coming forward. there is no prospect of improvement for some time to come. The sates will close on the 2tith of the 27th instant, as 'Vaginally intended. The new arrivals to cLr are—i Hales "New South "Wales and Queensland ... 22,012 Victoria ... ... ... 5«.")2I South Australia ... ... ... .",&!)7 Tasmania ... ... ... 3S "Western Australia ... ... f)36 New Zealand... ... ... 20.153 Cape of Good Hope ... ... 10.732 Total ... 114. WEtß.vr AM* Flock.—The increased firmness in the wheat market advised in onr last, still contitittes. and fine juireels of Home grown wheat, are- held for higher prices, really good samples being scarce. For the same reason some of the later arrivals of New Zeatands, of excellent quality and good sondition, have been in rer|ucst. realising up to 4S& for 4061 bs, although mferior shipments

are dull of sale. Supplies of foreign wheat have lat'.-ly beer, more moderate, but .smeial cnr"oes ar>- f hortlv expect, d from f.'alifonu.i anrf tfic lliack .Sea. Wo do not, however, anticipate that the market will be afiected to any great extent, as heavy purchases continue to be made by Continental buyers. Califoaiian wheat arrived is now worth 45s lid, and Oregon 47s lid for 5001bs c.f. and i The total quantity on passage to the United Kingdom from all sources is estimated at 1.315,000 <|rs. Stocks of Australian wheat here are considerably reduced, and full prices are asked for cargoes lately arrived. We quote South Australian wheat, 49s to 51s for 49i>lbs ; Victorian, 4Ss to 40s ; Isew Zealand. 42s to 4Ss: inferior do, 35s to 40s. Australian Hour, 27s to 34s for 2Solbs, and New Zealand, 215» to 30s, T.u.i.ow and Hii>K.s.—The tallow market is still in the same depressed state, and prices continue to decline. At public sale to-day. tS'.H casks were brought forward, of which 492 casks found buyers at a further reduction of 3d to lid per cwt. The value to-day of good to fine mutton is 34s (id to 3-"is Dd. and fair to fine beef tallow 33s to 33s I>d per cwt. The present stock in first hands is now about 5400 casks. Hides are in fair demand, and prices are unchanged. Pkeskrvkl) Mkat.—The sales of tinned mutton continue to improve, and prices are tinner. Compressed beef commands good prices, with a ready sale. The large importations of American frosh lias caused a decline in rates.