COMMERCIAL.

Temuka Leader, Issue 1107, 19 May 1883, Page 1

COMMERCIAL.

KEW ZEALAND GRAIN MARKETS, In-their monthly report for traus mission by the outgoing San I raucisco mail, the N.Z.L. and M.A. Company write of the grain market as follows CHRISTCHURCH. In order to realise how sadly the bright harvests' prospects of January have been blighted by continuous rains, it is only necessary to run through the southern districts or to visit the grain stores, and there witness the immense quantities of grain which are not threshable, or which, having passed through the machine, are quite unfit for shipment. What promised to be the grandest harvest ever gathered bus culminated in serious loss to many and m disaster to not a few. The autumn has boon unprecedentedly wet, retarding work at every stage of operations from stacking to shipping, with the result thousands of tons arc rendered unfit for food. Because of the larger breadth in wheat, this crop has suffered to the greatest extent, and though much might be rendered merchantable by manipulation, only a small portion can be so treated for want of necessary appliances ami aceommoi.ation.

Wheat —The demand for prime milling suitable, hr shipment has been active tnrongliout the month, and prices are well support.* 1 «t I < 8 1 to 4s 5d f o b. Ibr short b med, and -1-s od to 4s Gd lor Tuscan. Sprouted an 1 damp parcels are a drug and caaimt be placed at over 8s Gd ; 2s 9d to 8 1 being full value for the Infer qrnlhy- Kiln drying is being largely reported to, but iluors are so limited that much earnin' lie put under the process. Oats the good demand for bright samples which existed when we last wrote has somewhat abated, and until the Australian marketd; display more

vitality we cannot look tor a revival. Prime milling is nominally worth 2s 3d f.o.b. ; stout bright feed, Id to 2d per bushel less, Ifiscolored samples arc in plethoric supply, but for such there is no market at even Is 9d f.o.b, Barley—The supply of prime malting is exceedingly limited,and for any brought forward -Is Gd to 4-s 81 is readily obtainable ; second quality malting may be quoted at 3s Gd to 4s, whilst feed parcels are difficult to place at over 2s 6d. DUNEDIN, Wheat—We quote prime milling Tuscan, delivered at the mills. 4s 3d ; prime milling white velvet, 4s 2d to 4s 3d ; purple or red straw, etc., 3s 94 to 4s Id ; f.o.b. |d to Id extra ; medium, 3s Gd to 3s 8d ; sprouted, 2s Gd to 3s 3d. Oats—For stout bright milling, Is to Is lid ; stout bright feed, Is to Is lOd ; discolored, Is 81 to Is 9d. Barley—The market continues quiet, very little good malting being offered. Brewers are feeling the market, but it is evident that the last year’s stocks are still holding out. Wc believe the supplies are short here, and that prices will rule high during the season, AUCKLAND. Wheat—But few milling samples remain in grower’s hands —a good sample sold in Waikato district at 4s lOd pei bushel on spot, equal to about 5s Id in Auckland. Oats—We quote for prime feed 2s 4d to 2s sd, prime milling 2s 6d to 2s 8d Maize—Most of what is to hand has come forward in damp condition, and has weakened the market. Sales have been made at 3s 6d. AUSTRALIAN MARKETS. Melbourne, May 16. Shipping wheat is firmer at 5s 2d to 5s 3d ; malting barley, 5s lOd to 6s Id, the market weaker; New Zealand oats are in fair demand, feeding qualities, duty paid, being worth 3s Id to 3s 3d, and ditto, under bond, 2s 5d to 2s Gd, Milling sorts, under bond, are quoted at 2s 7d to 2s Bd.

ENGLISH MARKETS.

London, May 16. The colonial wool sales opened to-day with a catalogue comprising GOO bales. A fair demand was experienced. There was a good attendance of Home and foreign buyers. The present series of auctions will close on Jmre 29th. The market for colonial bread stuffs is quiet, but firm at last quotations. Later. At the opening of the wool sales today the prices realised for inferior &nd faulty wools were rather lower than at the close ot last series. Foreign buyers are operating more freely than during the February auctions.