COMMERCIAL.

Te Aroha News, Volume V, Issue 266, 23 May 1888, Page 4

COMMERCIAL.

I Melbourne, May 14. Goon business in wheat is roported, and sales cover 2,400 bags at 3s 4|d to 3s 4^l, partly for shipment, partly for millers' ro quiroments, find partly for speculation. Tho Mararoa brought 11,000 batjs of Now Zealand oats. li. tJoldsbiongh and Co., Sydney, hn\e received the following cal) oprum, dated London, 12th May, 1888 : —Tallow : Medium quality in good demand. Fine, neglected and market dull, 24s 6d to 25s per o\\ t. A decline ot 6d per cwt on all sorts is noticeable. For lino beef, market dull at 24s per cwt.

Mkwuxjuvi:, May 15. Lar<j;o arrivals from New Zealand havo made the market) in oats rather heavy, but 3,000 bajr.s told al equal to 3s, duty paid. At the timber auctions the attendance was £ood, and the biddings spiiitcd. Clearances were lar;^c, and prices fully maintained late rate.s. Ameiiean l^altie, and Oreuon flooring sold very freely.

Svi» r.v, May 15. Theie is a lather bettor inquiry for flour ; i oiler brands quoted at l"8 1 5s (o l : 9 10b, stone t.'B 5« to L' 9 ss. The English and Ameiienn markets .seem now to be Inking a decided move upwards. Whilst the English pviec is 6d a quaiter higher, the New York spot quotation is 3 cents per bushel higher, and al-100a 1 - 100 cents is equal to 4s 2d, with prices- thus advancing, the outlook is better lor hoideis of sin phis stock in South Austialinnnd V'ietotia. The quantity in South Australia is still about .SOO.OOO ton^. In Victoria the available supplies for e.xpoit ha\e been reduced to 350,000 tons. The Sydney share roport on Ma} loth gives the following quotation 1 -: -Maritoto, paid up, seller 12-> 6d, bu\er 12s : Maiitoto, eoutvibuting, seller 8^ 3d, buyer os. London, May 14. The English w heat market is showing a general ai'hanee of 6d a quaiter. The con tinental markets aie unchanged. The Ameiican market )b athancing iapidl\. Thiee Australian w heat eaigoes have been sold. One eai go eompiising 8,000 quail er^ and another ot 3,000 (luarteirf, both Febiu ary shipment, ieah-ed 33s 9d }>or quaiter. The thud cargo of 5,.")0() quartci.^, Apiil and May shipment, hi ought Sl.--.