COMMERCIAL.

Temuka Leader, Issue 1028, 9 November 1882, Page 1

COMMERCIAL.

J MELBOURNE MARKETS. From the New Zealand Loan and Mercantile Agency Company’s (Limited) circular dated. Melbourne, October 25th, we make the following extracts : GRAIN - . The last four weeks have been marked by considerable uncertainty as to the prospects of our growing crops, and, a week since, farmers and others interested were very despondent as to probable bar* vest results. A fortunate change in the weather, coupled with a well-distributed rainfall ovjr the entire colony, has for the time dispelled any immediate anxiety as to our wheat Crop. The positiou of supplies remains unchanged. We shall have, as we have previously stated, quite sufficient to meet our own requirements until next harvest, and, even with some calls on our stacks for any demands from the neighboring colomesi there will still be a small balance to carry forward. We shall, however, enter on the new harvest with a smaller surplus than is usually the case, the high prices which have ruled for the last six months having had the effect of very materially reducing the ordinary supply held at this period of the year in farmers’ hands. Wheat.—There has been little doing in this staple since our last monthly report. A few small clearing sales have been effected, and prices, owing to the fact that town millers will not purhase in excess of their immediate wants, have declined. On the 22nd September we quoted 6s 9|d as tbs best price [for prime wheat, and to-day the market ruled at 6s 6d to 6s 7d according to asmple. There is, however, a very limited supply m tho open market, and as a rule, in anticipation of lower rates, millers decline bidding at the auction sales. There can be no doubt that, with a prospect of prices dropping something like 2s per bushel with the arrival of new wheat in (he market holders will try and clear out every bag they have in store before the end of November.

Flour. —During the earlier portion of the four weeks under review a fully sustained demaud for Sydney and Queensland firmed prices, and prevented any pressure being experienced in the local market The former of late has, hovvev«r, been flooded by heavy arrivals from New Zealand, and the slackening of the demand for Yic oriau flour in Sydney has resulted in lower rates being accepted at home. We cannot quote over £l3 for medium brands, and £l3 IGs for choice country makes, and even at these prices little disposition is shown to operate. Oats.—Prices have fluctuated somewhat during the past month. A brisk rise followed on a rather quiet market, and tl.is has again be«u succeeded by easier prices. Ad vice \ state that our lute high rates far horse feed have attracted attention botli in Calcutta and Europe, and that shipments from the former port, and <dso from the Black Sea have been made for Australia It is also stated that there is an ntention to relieve the oversupplied condition of the Adelaide market by transferring some large parcels to Melbourne. The Ganymede's cargo, it is understood, wid come to Melbourne instead of Adelaide. After advancing to 4s Sd for prime heavy sorts, prices nave eased l ack to 4s 5d to 4s (id, whilst, as we write, feed qualities caunot be quoted over 4s for common inferior, up to 4s 3d for fair stout parcels. THE ENGLISH MARKETS. Colonial breadstuffs are unchanged xst 49s for Adelaide wheat, ex store, and 43s to 40s for New Zealand ditto. Adelaide flour, ox store, is quoted at 33s 6d.