COMMERCIAL INTELLIGENCE.

Oamaru Mail, Volume IV, Issue 1319, 3 August 1880, Page 2

COMMERCIAL INTELLIGENCE.

ENGLf-S H < :<)M MK!T ! • AL. Mcsbts. Miles, Eros, ami report. under date June 17: — . . . - , . Wool.—The second sr.ri":s > r < .gonial v.ool rales for the year tenmiiafe i on June !>. Prices towards the close £■ a to about the level of earlv February ratrv. ■ nil the market left off weak. The denials. tnroughou. the sales has to a great extent i.-:en confined to the middle c'ass wools. v ry superfine Australian having been rathe" neglected. The total quantity catalogued amounted to 382,000 bales, of which -20,000 bales were taken for export, and about 20,0u0 bales remain over for next sales, to commence on August 17. Since the saies closed, business in the North has assumed a quieter aspect, although manufacturers are doing a pretty steady trade; and should orders for goods not fall off, we may in a week or two look for more demand for wool, but at present, so soon after our late large sales, the inquiry is naturally very limited. The fresh arrivals for August are New South Wales & Queensland 70,606 Victoria ... South Australia ... oSn Western Australian —j'J Tasmania Few Zealand GS,iOB Cape 3/ ' 2bb Total 225,553 Wheat and Flour.—Business in our wheat market has been rather dull during the past fortnight, but prices have not altered maternity. Stocks in England (uomlon especially) are remarkably small; nevertheless millers and dealers 3re not inclined to speculate to any considerable extent as the present prospects for the harvest, both in America and Europe, are so favorable. In Australian wheat cargoes on passage have been sold, Feb. b.l. 50s 9d, March b.l. 49s to' 49s 6d, and April b.l. 48s 6d, and for arrivals at Port of call from Port Pine sales have been effected at from 53s down to oOs 6d. In New Zealand wheat, the Hereford with 7575 ors., and the Pleiades with 59/4 have arrived from Lyttelton, for which the value is about 4Ss per ewt. Prompt shipments to London are worth 423 c.f.i. V» e quote on spot Australian wheat 50s to o_s, 2nd New Zealand 47s to 50af for 4961b. Australian Sour 35s to 375, and New Zealand 33s to 355. _ t „ . . ■ Tallow and Hides. —The tallow market has been fiat, and Russian has deebned. There has been a moderate demand for Anatolian Tallow, the sales during the past fortnight having comprised 2100 casks; but prices have declined 6d to 9d, the value today of good to fine mutton being 32a 6d to 34a 9d, and f a ' r to fine beef tallow 31s fid to 32a 6d per cwt. The arrivals have been lather large, and the stock now in first hands is about 10,000 casks. Hides are dull of without material change on late prices, but the tendency is downwards.