COMMERCIAL.

Temuka Leader, Volume I, Issue 98, 23 November 1878, Page 2

COMMERCIAL.

MELBOURNE (TRAIN MARKETS. The * Argus’ of November 13 reports In the import market business generally luu been quiet, and outside the auction ma: t nc great amount of business has been reported. Probably, however, a large quantity of goods has been disposed of, though the prices realised have not been so satisfactory as could be wished. Ilreadstuffs have been in considerable request, and flour lias been very freely noticed for export as well as for local use—about 110 tons have found buyers in parcels at £lO 10s to £lO los, the latter figure continuing to he readily got for choice brands f r shipment. At auction, £lO 10s to £1 * 12s Cel was also paid. Wheat is likewise improving in value. A small parcel of prime was sold at 5s 2 £d, and though some wheat wa« disposed of at. 5s lid, we understand that on the other hand 5s 2ld was offered and learned. Oa's have been in moderate demand. We understand that the balance of one shipment of Californian was cleared off; at up to 6s. A pared of 151 bags New Zealand disposed of in band reamed Is 11s, or equal to 5s 3d duty paid.

THE ENGLISH GRAIN MARKETS. The New Zealand Loan and Mercantile Agency Company’s Circular, dated London, October 10, says:—“ The corn market has exhibited a tendency to lower the scale of prices. English wheats, perhaps, have been least affected, but Australian and New Zealand (especially the latter) felt the change seriously. We can now quote New Zealand as only worth 2s per quarter less than on the 12th ult. Wheats of that growth which were then selling at 47*, can now scarcely command 455, and even at that price only small lots can be dealt with. To sell any considerable quantity, a still further reduction would have to ha submitted to, and judging from the recent heavy importations, and the stocks which are rapidly accumulating in importers’ bunds, it. does not seem unlikely that sellers may presently meet buyers views in this respect. Large supplies are known to be on the way from the United States, and the market there is very weak. Current quotations are as under :—New Zealand wheat (new), 41s to 15s ; New Zealand flour, 2Gs to 30s. The anivals to report from New Zealand areas foil .ws : —Wellington, ficmPo.it Cliahners, with, 6653 bags of wheat; Margaret Galbraith, from Poit Chalmers, with 6817 bags of wheat; Wgikato, from Lyttelton, with 3895 bags of wheat and 3895 bags of flour.