Commercial.

Poverty Bay Standard, Volume X, Issue 1029, 28 January 1882, Page 2

Commercial.

Messrs. BOURKE, SMITH A CO., Report that at their sale of interests in Henare Potae’s Estate Colonel Whitmore by his agent Mr H. J. Finn became the purchaser for the sum of £353. The whole having been put up in one lot. MR W. K. McLEAN Reports as follows :—The business in shares for the past week has been brisker than it has been for some time previous. Again Southern Crosses have been sold at all prices, from 5s to 6s, with a steady market. No doubt when the analytical committee’s report, respecting Paraffin comes to hand, the market will harden. South Pacifies contributing have had good enquiry, and are gradually gaining an upward tendency. Sales from 2s 6d to 3s 6d far contributing have been effected. Buyers leaving off close up to the latter figure. In South Pacific paid ups, transactions have taken place at 5s to 5s 6d, and several small lots are under offer at 6s, with the probability of business. MELBOURNE WOOL AND GRAIN REPORT. The following report is taken from the New .Zealand Loan and Mercantile Agency Company’s circular dated Melbourne, 11th Jan., 1882 Wool.—The various sales during the week have been well attended, and the competition has been good throughout, at late rates, especially for superior lots of Wool. At our last sale we submitted a catalogue of 2,616 bales, out of which we solk 2,014, at satisfactory rates. Greasy realised up to 12d. per lb., and scoured 21 Id. At our sale to-morrow we offer about 1,560 bales, and hope to make a good clearance. Grain.—The feature of the breadstuff market since our last report has been the rapid rise in the price of Wheat. To a certain extent, this movement was foreshadowed in our remarks of the 4th inst., but the pronounced rise which has since taken place was hardly expected by the trade, though it may be traced to the higher prices paid during the last ten ■days by the agents of Melbourne firms in the country districts. Two weekly journals have published their views on the present harvest. The Leader, a newspaper generally fairly reliable in their figures, estimates the approximate yield of Wheat for the harvest of 18811882 at 8,654,000 bushels, whilst the Australax'cn places it at 10,280,000 bushels. In calculating the quantity available for export, the first-named journal adds a sum of 10,000 tons, wliich it estimates as the balance of old stock at the opening of the new harvest, thus bringing up the gross quantity for shipment to, in round numbers,Bo,ooo tons. The Australasian ignorer any surplus, but assumes that there will be 108,000 tons forshipment. This latter quantity, which is in excess of what was sent away last year, certainly appears, according to the reports of harvest prospects to hand, to be in excess of the real quantity available, and this view is to a certain degree borne out by the higher prices ruling this year as compared with those obtained at the corresponding date in 1881. Little has been done during the past week in respect to further Wheat charters, the rates demanded by ships at current cost of Wheat leaving no margin. There has ■ been a sensible addition in the deliveries of j Wheat from the country districts during the j jpaat week. The total deliveries (including

those at Williamstown and Sand ridge) at Melbourne are 41,227 bags of Wheat and Flour, as against 41,535 bags for the corresponding week in 1881. The London market, according to our later telegrams, was steady at 575. per 4961bf>., ex warehouse, for Wheat, and 425. 6d. for Flour per 2801b5., ex store, both for spot sales. January sailings hence were unchanged, but for February lower quotations were offering. At Adelaide large transactions in Wheat, delivered at Port Pirie, had been carried through at 4s. 10|d., and the same price was quoted for shipping parcels at Port Adelaide. Flour ruling from £lO ss. to £ll. The Sydney market quiet; prices unchanged. Wheat.—Prices have steadily advanced throughout the week, and the demand for export parcels has been well sustained. At our sale on the 4th January we realised 4s. 9Jd., the then top price for prime Wheat. Since that date 4s. 10|d. was paid to the close of the week. On Thursday a large line was quitted at 55., and at our usual weekly sale we obtained this price readily for all prime samples, Chilsworth again securing this price, as well as four other lots marked M.K., S. J.J., and F. respectively. The market is in such a good position for growers to realise that we cannot do better than repeat our advice, that no time should be lost in sending in their grain to market.