COMMERCIAL.

Oamaru Mail, Volume IV, Issue 981, 11 June 1879, Page 1 (Supplement)

COMMERCIAL.

uoiisiilt'r it vury (lusirabtß that full and wind reporta of marltuta should appear rtignlnrly every mouth, ami w« cordially invito nit who aru engaged in business coimw'twl with live stock, wool, grain, or Mieik to ui-riil us two days previous to put>lii'.'ition .'uiaiiuuunt of their transactions t'ov tjio month. | I

N'KW 7.EA l,AX[>. OAMARt/. flr* Zjlw.anp Auiuvrr.rrius'r OlKoe. Tuesday Kvening. '[hupiwls month has not beon characterised l v 3 vnry great ivmonrit of speculation. a jjgt mainly attrihutablo to the continued lightlies# of tin: money market, and the consmmmt inability of many who wontil prolui'ly have bought heavily to operate. Buti'liilt! it has not been attended with a |jig«amount of business, the month has fasnntalilu for having brought forth tong-kW-fci' rises in several olasaes of produce. 'ltii! is :i uii'i:unistaiic« that will he fiaiied til 1 ! pleasure, not only I>y fortunate hotders of ;rcin, Init l>y the whole community. Jibing the tone of the Australian mafauts, unil the fact that the wheat supply .oi Victoria is known to he far short of her nqiwsmimts, a further rise may !>« anticipilwl Still wheat will have to advanee wiisulmWy in Melbourne before we can tupo to participate in the benefits derivable fromadelieient supply in the sister colony. Jot tiro i»t of shipping grain to Melbourne j rente it impi'M-u 1 >1.■ to place wheat profitably in tlut market at present rates. Int/ilc.'il liv'.V knowledge of a deficiency in V'icfru'.'X ;i Very deeided rise lias taken plaee • lli'reiii !iw prii'i? of wheat, whieh may now lli 1 ijiiofed nt fully tel. though we have heard 1 [of Is ,M liping demanded for ix prime I*implr. lliis rate lias not, we believe, been c" far i'ivcii, I> uh we may fairly ipiote 'priiTs ,1,1 ranging from .'is <),[ to 4 S ;i,l, .ik.wilini; tn ipiality. Oats are not in verv pit (li'inaud, and hang heavy in the p ilii't. I'rrscnt ij in itations may lie u'iveu :n innii is .... vw • i Idili'V in hand, but there is not niueh dcinailil, and prices are -Is lid to ss. Flour has himli'i'tjiine a- very uuniistakcable rise, and L* [ii'iw'|iiotable at from 1.10 to I.H) H>s. 'I be

H.n'i'ily uf potatoes lias I a very strong liciuanil ami lirm pi ices, which may* •i* ;ivw at LI lOn to 1.0 per ton. In otlcr M'.uis tin' ruling rates are as follow :--Oatuol, LIS per ton : pollard, L.">; bran, L-t ; CJimt!!, L- 10m ; field peas, ,*s per bushel : tor, 1.1 10s per ton ; nat.cn hay c.halT, L-t l<>» straw chalV, 1./J 10s ; fresh butter, U'.'.i pel* lb ; salt butter. Is 3d ; cheese, Sd. ':iHi; hums and bacon (in cloth), Nl to Ud ; '©'isliil to 2s fill pel' do;:cn. Tiiviirnvs received from Home with refcrMioctntlu; progress of the wool sales is very .iittnii;, and bears out the prediction we "s'tiii inn* last nnniber that the present *t»*;iMl<l sec an improvement, in prices. ilBSt w.rw advances have, we have been ili'/.Hul Ijy nahltt (jjessages, taken place; '"'l '.uiliipiissiblc to say, in the absence of to what extent the Colony lim iwcliUnl by thu fiivoriibte turu the wool .""irliot has taken. CHRLSTCFCL'RCFr. 'tho Tniir:; of Saturday last reports : Hiiwiii'ss m ulje grain market during the M'l'lt lliisiuit iieeu lifted by any circumstance '"ituf tlio level fchut has characterised the Mu fur joints little time past. Beyond the iiriliiiiii'y demand tlwru ia not much to record piu 3l .il through hands. The dearMocs with wheat since our last report are the iTinliimis, Hiittcriuere, and t.'rostietd,. for wmlon, ami the Bothwelt Civstle, for Cape lmvn.

W hkat. —The market stilt continues firm, 'nil iiuy lot.s brought forward Hud ready luiyora. Transactions. however. between jjrowom ami merchants are every day growing towor, VuhniH remain about the same, .Id fid w bust <[\ulity, anit average 3a *4d to 3s sd, "i® otiifuiry for sued wheat ia mode rate fy Mtivo, while fcediug kinds are not ia suttt®«nt supply. (),Vr»—'Wu have no change to report in l)M «' t'iiii mption is mostly con fined local wuutu. large tinea offered ji'Mn thu South, at) «s»joedingty kw rates, lav & nut bran taken up, k'tiyes remain at N week's tlgtwua, S3 ait ta 'i4 tfd for feed : milling Usj Bd. B.UU,KV.—-Littla ohaog* c>ii> bo noted in thiscuriml. Salus ,ire more difficult to make. His oasier fouling in ths Melbourne market, wimlral with the antioiptttiwl arrivals ot Ulifiirniiiii having checked purefuwea, good rowing romains about js to 5» 3d, Prune, Kiiiut.—Th« stereotyped quotation of LS ® Ls> null represents tliu value ot' this «twlu. S*>l.vtoK3,_ Transactions between mur™ihiU and growers during the week have tautiuvt-n up to the average in, quantity. Jjniicrs have bean indisposed to sell at the i o'liiral. and this feeling was strengthby the publication of a telegram from announcing a great advance in that j (i* u Hi is ha» since b«"«n contradicted, '■irror having beenexptainad by a mistake 'ftJimnitting the figures. Advices from '.<ln»y undoubtedly confirm a hardening flonuy, but nothing to warrant the prices «*t in somu instances by growers, Quota* Jhavi* now steadied, aad may be nuoted *»to 67s ttd.

AUSTRALIA. MELBOURNE. Argiw 'he 276b nit. we take W to 'Wi n jr :_•» l n th® import market liietl" 8 0t waelt has communceii very g*y- an exemdingty tlntt »tay having, £w«u nv oonsuqiwnctj of tb« disinclination

of buyers to operate N> any extent. Attv sates reported have '- .^t-ti of v»:vy little account. Breadstuff* maintain firmness : Hour is saleable? at lAI (i>a, and there arc holders who refuse to .[note ttndur LI2. Wheat likewise presents a ? Irony tone, and our ([notations of sst Sd to ."a IM can readilv f"' obtained. A parcel of -JM) bags prime I'Fousfiifc ?ft„ And fthout U-_)0 i'itiia of sotrotuiclass wheat found a purchaser at 5a 3d. S»wp* plies from thy country (intnetci for last week. t!;ou'_'h a sjnod dent less than the Week before, are stilt considerable. En feeding grains there Ic< rt 'E" '*at». miHimr, are quoted at 3a Sit to % t>d. white feeding continues to rati on troru 3s Si Ito 3s 7d. .Maize is moving at 3.4 for trade purposes. sates beinti reported at the price. in Svdnev are advised by telegram at 2a 9d," with moderate arrivals."

IrIIHAT BRITAIN. LONDON. Mi'sjir». Mites, Archer, ami Co., report, tinder date April !») :—. Woor...—Since the termination of the February March auctions there has been .a moderate inquiry for bonght-in parcels. and a tow lota of scoured Capes. Port i'hillips anil Sydneys have changed hands at full March rates, white sortie wools have been disposed of at a alight advance. Late reports from our woollen districts show tliat a healtliier tone prevails m the trade there, ami it is satisfactory to tirid that this also applies to Bradford. where extreme depression has for a ton- time existed. In the north of trance tops and y.trrn have declined in price. Imt otherwise the < ontinental trade '•* fi «rty active. The date for the opening «>f the next sales has not yet been fixed, hut it u ilt probably be -June t>. The arrivals to date comprise r—•

Bates New South Wales and Queen.dand ... -1t..1W Victoria... ... ... ... v;,.f r>-.i South Australia ... ... . o»! 2»lt) Western Australia .. ... { Tasmania ... ... New Zealand ... ... .._ o."")0 ' 'ape of (ruod Hope ... ...

Total ... to which may he added the 25.001 hates held over. Vv KK.VT ami f t.nrn. —Although stocks both IU f.ondou and the outp-rts have become considerably reduced, business in [Fit- eorrt t»a< !c has l>een rather inactive iCtrr;n : s the 1.-t.st fortnight, millV-rs not hein" " • ■ . u to make . i-.-ix pin cuas«"s to anj i- lt usiiieraUle extent until s>ome. of the heavy supplies on pas.-aL'e iestimated at 1,172._t>3 ip's) have come to hand, the which they laid in early last mouth not. yet exiiau-ted. and the visible supply m America. which--tdi remains ;.t about prices depressed. uot.u'thstaudiii;.' the heavy French demand wHi'-H still exists. Obi Adelaide wheat on the spot is selling in limited ([nautities at t>d per 4tM» ll.a. and uevv parcels on passage to Loudon are ottering at -6(is per 4SO His. e. t'. and i.. with buyers at t"is. A pavcel of Victori.in wheat of very Sine tpuility botd grr.ii»„ and well cleaned has lately arrived, and shipment* of similar quality would probably command prices e>[ttal t» those obtaincil for parcets of South Australian growth. There is a slightly improved demand for New Zealand wheat, hut rates are rather weaker. We tjuote in store Australian, to tOs : and New Zealand. tOs to li'.s per f'.H? lbs ; Australian Hour. "JTs to 33d r .and New Zealand, SKa to HS's per 2SI> lbs. ami f Irt'F.s. —The ilemand for Australian tallow has lev it rather mo reactive, but witli"ut any improvement itt [iriees ; the value to-day of good to tine New Zealand mutton being 3ls 3d to 3.1s bd and beef tallow, r,-.'s to 33s per ewt. Present stock iti | first hands is about ■!•>•)(> casks. Hides are dull of sate, and ([notations are unchanged. pF.ESEn.vrr> Meat.—The transactions in tinned meat have been rather more numerous lately, hut without any marked increase in prices. Importations of fresh meat from America have been heavy, meeting a sluggish market. LATER NEWS. From the New Zealand Loan and Mercantile Agency Company's monthly circular, received by the San Francisco mail, and dated London, April 2tth, we make the following extracts Wool,.—Since the close of last series of sales a stight improvement in the trade of the manufacturing districts hasbeeti reported, indications of a Tbetter feeling in Bradford, Leeds, and Hudderstield having recently been manifested by the purchase of wools by i private contract in this market, and by an ! advance tn the prices asked for woollen manufactures. From France the advices are not quite so encouraging, but in l lermany it I is understood that the stocks bought during the late London auctions are being rapidly worked Bp. At a meeting of the Committee of Wool Importers, held on the 17th instant, the opening date of the second series was trxed for the Bth May, with an interval during its currency of five days, from CSth May "to -nd June inclusive, on account of the Whitsuntide holidays. At the same time it was arranged to limit the rjnantity of ■wool available for disposal during the series | to. 300,000 bales, all vessels reported up to | four p.m. on the day that quantity was reached included. That total having been passed on 22nd instant, the available arrivals ! are as follows : Bales. New South Wales and Queensland 01,723 Victoria ... ... ... ... 95.3D3 Sottth Anstratia ... ... ... 37.-117 West Australia ... ... ... 7.W3 Tasmania 5.377 New Zealau I 71,442 Capo of (Jood Hope ... ... 30,451 Total 314,840 Of this total some IS.GCO bates have been forwarded direct to consumers, leaving net arrivals approximately 29t>.34(i. Adding to this the IKMIOO bales held over from last series, the aggregate available for disposal ia 324.346 bates. Arrivals to date for the third series arc IJaleS. New Sonth Wales and Queensland ... ... Victoria ... ... --- --- 6,591 Cape of Good Hope SiU Total ... ••• ••• 10,551

COKS M.VTIKF.T. : c have to rep >rt a decline in the price of : foreign wheat to the extent of from Is to 2s : P*' r ;i" n rtcr. This is not attributable to any marked increase of arrivals, which are not actually in excess of our ordinary require-1 mcnts. but to a pressure of large stocks of interior American wheat on the market by holders who are realising at unprcccdentedlv low rates. Contracts for prompt shipments trom .American ports have been made within tire last few days as low as 33s Gd per 4SOlb. c.i.f. Calitornian cargoes are procurable at 44s to 4.>s (id. Australian cargoes afloat are he 111 at 47 s Gd c.f. and i. to the United Kingdom. Shipments of Adelaide wheat now on passage to London an:offered at 4'is 6d c.i.f., but no business has transpired at this price! Stocks of Australian are small; but the owners of a parcel in ship are accepting 47s 3d per 49Glb. ex ship rather than incur landing charges and the risks of holding. ■ Importations of Xcw Zealand wheat have been small, and stocks being mucl I reduced, holders are not disposed tc } make any considerable concession. Xc : llottr from Australia or New Zealand is on offer, but its value must be quoted nominally Js per 250!1> lower. Cli,sin2 rates, ex granary, arc Australian wheat" 4,s to 4Ss por 4!l(ilb ; New Zealand do. 40s to 4.>s per 40011); Australian flour, 27s to 33s per "JUOlb ; New Zealand do, 2Gs to 20s |)ei JMJIb. Arrivals to date have been as underKapunda, from Adelaide. 3415 bags wheat ; Uaklands, from Adelaide, 1000 bags wheat : Invereargill, from Port Chalmers. IMS bags wheat ; Mat aura, from Port Chalmers, 100 bags iiour.