COMMERCIAL.

Temuka Leader, Volume 2, Issue 133, 2 April 1879, Page 2

COMMERCIAL.

GRAIN AND FLOUR MARKETS. Christchurch, March 28. Grain Quotations : Wheat—ln feeding and values wheat remains about the same as last week’s quotations. A disposition amongst farmers to sell with greater freedom continues, although large quantities are still going into port for shipment on producers’ account. For best milling we quote 3s 3d to 3s sd, and for an extra choice lot a shade over that figure might be obtained; aveiage parcels range from 3s to 3s 2d. The demand foi chicken wheat is maintained, and lots of this description find ready buyers. Oats are quiet, the demand at the moment being wholly dependent on local consumption. Our Southern friends monopolise outside orders just now, and are likely to do so. First-class milling quoted at 2s lld'to 3s, and good feed at 2s 9d to 2s lOd. Transactions, however, at these rates have not been extensive, and the prospect of an immediate improvement in prices is considerably remote. Barley—Values have not undergone much appreciable change. Best malting samples are still quoted at 5s 6d to 6s, and other kinds 4s 6d to 5s 3d. Potatoes are coming into notice, although business is yet meagre. Prices range from 50s to Gss, according to condition. Flour—For the best brands closing quotations are unaltered, L 8 to L 9 being paid. Grass Seed—lnquiry for ryegrass during the week has been even worse than the preceding, and prices have in consequence weakened. Where sales must be made we doubt if quotations could be realised, more especially if the parcel offered was a large one. Clean samples are worth 4s 9d to ss, and good fair lots 4s 3d to 4s 6d, Several medium-sized lines of cocksfoot have been sold -within the last day or so at 50s to 54s per cwt. Wellington, March 25. The Wellington Prices Cm rent says ; There is no diminution in the stringency of our money market. Banking facilities are limited to strictly legitimate trade purposes, and the supply of capital for investment in mortgages is very small. There is on act’ve demand, and 10 per cent, could readily be obtained for considerable sums of money on undeniable securities. The dearth of money checks business, and causes considerable inconvenience. Nevertheless the strain has been borne so far in a way which proves the general soundness of the trade of this place. THE LONDON MARKETS. The following cable message, dated March 27th, has been received by the New Zealand Loan and Mercantile Agency Company from London:— Wool.—The sales closed firmly ; 28,000 bales have been held over for future disposal ; 180.0C0 bales have been taken for export. The sales closed at au average decline of -|d to Id per lb. on last sale prices. The principal decline has been in lambs, crossbred, superior greasy, superior combing and clothing, washed. Wheat.—Market quiet. Adelaide, 49s per 4961b5. ; New Zealand, 47s per 4961b5. Tallow.—Market fiat. Mutton is worth 35s per cwt.; beef is worth 38s Gdper cwt.