COMMERCIAL INTELLIGENCE.

Oamaru Mail, Volume IV, Issue 1319, 20 August 1880, Page 2

COMMERCIAL INTELLIGENCE.

CUKE ST CHURCH. (BV TKI.F.GJ'.AI'It.) August 19. The market generally has been quiet during this week. The improved prices recently current, however, have been fully maintained, ami the values of some of the lines have had a hardening tendency. Wheat.—The enquiry from millers and other ■ources for good milling samples has in no way abated, and a few sales of fanners' lots held over to the present time have been, •within the last few days, sold at fnll rates. Prom the quantity of wheat that has been exported, a gradual advance in price was looked forwarded to when the millers had operated on their stocks to some extent, and the sustained enquiry from that source has broaght aboat the "better feeling. Good milling samples are worth 4s Id 4s 2d, while a first-class parcel is saleable at 4s 3d to 4a 4d. Tuscan has been sold freely during the week for seed purpose at 4s 6d to 4s 9d. Many complaints have been made of the presence of vetches in seed samples offered this season, and the same remark applies equally as much to barley. Oats have not undergone any appreciable alteration in frice; the firm tone noted in our laet report, owever, for milling and good feed qualities is folly sustained. For milling parcels the quotations are Is (xl to Is 7d ; good stout feed, ls4d to Is 3d ; ordinary lots, Is Id to la 2d. Barley has not altered. Potatoes, 21s to 22s Gd. The weekly market at the Addiagfon Yards, on Wednesday last, was very well attended, but the sales opened dull, and only a slight improvement occurred towards the close. The continued fine weather was no doubt the immediate cause of this, the trade Kp?fig unwilling to operate largely in view of a deeline in prices as grass becomes more pleotifnL On sheep there was a drop equal to nearly Is Gd per head. Mutton, 2Jd per lb, for good ; beef, 24s per 100 lbs.

ENGLISH COMMERCIAL. Messts. Miles, Bros, and Co. report, under date July 2: — WOOL. There has been no alteration in the 6tate of onr wool market during the past fortnight, and consumers here as well as in France and Germany appear for the present to be sufficiently stocked with Colonial wool, as there have not been many private enquiries recently. Trade generally shows a more hopefal prospect for the future ; mere, however, will depend upon our harvest. During the last few days English wools have somewhat hardened, and should they continue to improve, cross-breds may be to a certain extent benefited. The fresh arrivals as under amount to 271,795 bales, and the total quantity for the next sale 3to commence 17th prox. will probably amount to 320,000 or 330,000 bales. Fresh arrivals— Bales. New South Wales and Queensland 76,693 Vietoria ... ... ... 39,01S South Australia 12,957 Western Australia 465 Tasmania 12,993 New Zealand 54,535 Cape 44,534 • Total 271,795 to which may be added 25,000 bales old wools. wheat and rr.orr.. We have to report a decline in our wheat 1 market, prices having fallen 2s since our last, owing to oar improved harvest prospects, and to lower values from America, where the new c: %r y is expected to be even more abundant ti..vn that of last year. The large arrivals of wiiite wheats lately to hand have also weakened the market. The demand for the Continent continues good, and moat of the cargoes at ports of call have been taken for French account. In New Zealands, the Pleiades, 5974 qrs were sold on the ISth of June at 495, c, f. and i., Dunkirk, and stocks here have considerably increased during the last fortnight. Prices in store range from 45s 6d to 51s for 4961b. Bat only fine, long berried parcels bring the higher price, while good, average samples realise 475. We quote New Zealand flour at 31s to 33a for 2Soib. TALLOW AND HIDES. Dor tallow market has been quiet, and Russian T.C. is now quoted at 41s per cwt. There has been a good demand for Australian tallow at the weekly sales since the 17th ultimo, and prices have advanced, the value of good to line mutton being 34s 6d to 35s 6d, and fair to fine beef 32s 6d to 33s 6d per cwt., which is about Is more money. We do not, however, look for much higher prices, as the arrivals lately have been large, there is nothing in our Honie trade to justify even the late advance, so that sve fear prices will drop when the present Continental demand ceases. Hides continue very dull of sale, and since the last auctions, some parcels of heavies have been placed at £ deeline.