COMMERCIAL.

Temuka Leader, Issue 1071, 15 February 1883, Page 1

COMMERCIAL.

CHRISTCHURCH MARKETS 1 F-b. 12

The Co-operative Association report that immense quantities of wheat changed hands on Saturday and to-day at a marked increase in value. Inquiry is still very brisk, and 4s at country stations is offered.

DUNEDIN MARKETS. Feb. 12

One or two transactions in grain are reported. Rdd and Gray have sold J 0,000 bushels of this season’s while velvet wheat from their farm near Oamaru at 4s per bushel net. The New Zea'and Loan and Ageiry have just sold to the New Z< aland Grain Agency Company, 4000 tons of wheat grown on the Company’s properties in Canterbury for immediate delivery, and the same parties are also in treaty f-u 1 1000 tons of grain grown in Otago*. This transaction is probably the largest ever made in tbo Australian colonies between the producer and the grain nu riliant. MELBOURNE MARKETS. The National Mortgage and Agency Company of New Zealand, Limited, report under date, Melbourne, February Ist, 1883, as follows : Since ibe issue of onr January eircn’ar Rome important fluctuations have taken place in nearly all kinds of produce. Harvesting has proceeded rapidly through the month, the weather on the whole having proved exceedingly favorable, Grain is therefore c- ra’ng to band in good conlition, so far as color r« concerned. Tu other respects the wheat to band so far is of a fine bold character, equal to that of any previous : s* ason, the proportion of shrivelled b-ing small. Barley, on the other band, so far ns we have seen as yet, is rather below tbo average in point of p limpness ; whilst oats are much the same as in form r seasons, v lying greatly acerroing to the districts tiny have been gr >wn in .

Breadstuff's have disappointed the expectations of shippers and meridian's, and, instead of easing to payable rates, have steadily risen, catching a lew charterers rather awkwardly. From 4s Bd, wheat gradually firm'd to 5s 2d, and now rules firm at 5s to 5s Id, good to prime. Very few shipping engage mi nts exist, and consequently the business doing is small compared with the arrivals, the. great bulk of which go to store, pr snrnably for higher rates. Floor has not kept pace with wheat, but, having fallen to £lO, now stands steadily at £lO 10s to £ll,

Fording groins have not varied very considerably, supply and demand being about eqn.il. but markets have been wry sensitive and unseetb'd, oving mainly to the favorable reports trovn New Zealand. Oats have had ennsiderab'e 1 m<i ness, being the staple feed, at from 3s 3d to -3s lUd for inferior to be .vy t<'eil, aed as higii as -Is prune milling, which have be n seai'ic. As wc wiite tie maiket is much easier. The demand for oats in bond is limited, at prices about equivalent to dnty paid quotations. Manse, after rising tolls 10-jd. has fallen to be nominally at 5s to 5s 3d, very little being used in consequence ol high rates. Fee ing barley becoming plentiful eased to 3s 3d, but lias sinc3 become all but unprocurable at from 3s 7d to 3s yd. llran. which ruled a month ago at Is Sd,fell to lid, but is now very firm at Is Id to Is lid The same applies to pollard. Peas, 3s

lid to 4<, wilh every indication .4 lower rat's I u'iny ere lon Baricy, Malt am] Hops.—Supplies of I'arley fa I inir so considerably short of last year’s .January deliveries has le.i to the belief that the cron is deficient, in eoiißifpience of which cinpetilion has become keen at Is (hi advance on our .J.r-uary quotations, All £ood lots eouiiii,? to hand hrinj, 5* Gd readily, and off qualities 5s t-> 5s 4d. C lom' J mdt rules at 6- 41 )o Gs GI, prices which wil• have tn ho improved upon for this yi'fir’s inannficfur>*. Business in '•ops is now d .injir at 4s G 1 f-r 18 N '2, Vieiorian 3s Gd to 3- 9d for 1883 ditto, and 4s f)d to O' for Tasmanian, duty priH, There arc no Itnglish in the ni rket.

Gr.’is* Sc"il,s. These remain nominal in the absence ol nus’uess. Prices ior im* grass la<t year injled bom 5s up to Gs Gil. lull consider.)!) 1 )’ loss rates will have t» be accepted (his season, so far as we can gather, probably a reduction of from Is to Is Gd. Much depends on supplies. Iho demand is not likely to be large. The same remarks apply to cocksfoot, the opening price for which wi 1 probably be in the region of 4)1,

New Zca'and haras, 94d to 10d, under bond. Bacon, 74'! to 8d do. Victorian bnttei, 91 to lOd ; New Zealand, i)d to 9J-. in bond. Victorian cheese. Gd to 744 New Zealand cheese, none in market, hut probably demand about the same rales under bond, for good to prim j.