AUSTRALIAN MARKETS.

Temuka Leader, Issue 1124, 21 July 1883, Page 3

AUSTRALIAN MARKETS.

Melbourne, July 18

The Melbourne Manager of the National Mortgage and Agency Company of New Zealand, Limited, leports of the local grain market as follows : Wheat is steady, but not in active demand. Quotations are 4s lid to 5s for shipping parcels. Malting barley is quiet at 5s to 6s. New Zealand oats are quieter, and weaker at 2s 9d to 3s id for feeding quality, and 3s Id to 3s 2d for milling sorts. New Zealand oats under bond are slow of sale a 2s Id to 2s 4d.

ENGLISH MARKETS. London, July 17. Consols have further declined by £, and are now at 99f.

New Zealand securities remain at the following quotations : 10-40 loan, 106 ; 5 per cent 1889 loan, 1051; U per cent 1879-1904 loan, 101 ; 4 per cent inscribed stock, 101» ex div.

Adelaide wheat, ex warehouse, 465; Now Zealand wheat, ex warehouse, 42s to 455; do, off coast cargoes, 40s 6d. Adelaide flour, ex warehouse, 325. Australian tallow—Best beef 40s 6d ; best mutton, 44s 6d.

From the New Zealand Loan and Mercantile Agency Company’s circular, dated London, June Ist, we make the following extracts: —

Wool. —The total quantity catalogued since the opening of the series is as follows:—New South Wales and Queensland, 29,340 bales; Victoria, 39,301; South Australia, 19,343 ; Western Australia, 4,311; Tasmania, 5,378 ; New Zealand, 27,320; Cape of Good Hope, 12,350; total, 137,343 bale*, of winch 12,863 bales have been withdrawn. The market has gained decided strength of tone with the progress of the sales. While certain descriptions of staple, such as medium and inferior greasy merinos, coarse cross-breds, all but the best class of lambs’ wool, faulty scoured parcels and Natal wools in grease, continue to show some relative weakness, the market has, on the whole, distinctly hardened—the upward tendency being chiefly noticeable in good and superior combing greasy merinos, which now rule about |d to Id per lb dearer than at the commencement of the auctions. Fine weather has apparently been the chief factor in inducing a more cheerful and buoyant feeling nmongconsumers, who, whether homo or foreign, operate with considerable freedom. There are few orders in the Imarket for American account, about 2000 bales having been bought for that market. During the past fortnight several extra fine Port Philip brands have been catalogued, which have elicited excellent competition and reached results in some cases superior to those made in similar classes earlier in the season South African produce sells steadily at full quotations, and in some instances a shade dearer as regards good snow whites, but in western fleeces there is no quotable change, while for western lambs wool and certain descriptions of Natal grease, the competition, as we have above said, is relatively less regular. No curtailment of the’existing programme has thus far been announced, but judging by tllfr magnitude of the daily offerings, it seems not unlikely that the sale will close some days sooner than the 29th instant, the date originally named. Arrivals for the third series are as follows -.—New South Wales and Queensland, 55,742 halos ; Victoria, 37,319 ; South Australia, 4533 ; Western Australia, 23 ; Tasmania, 5563 ; New Zealand, 38,660 ; Cape of Good Hope, 17,733 ; total, 159,573 bales. Corn Market—During the past fortnight we have experienced extremely favorable weather, the really warm spring sunshine having enlivened the country, to the great improvement of the young wheat plant. Still, it is feared that even the finest weather now cannot now make up for the deficient acreage of wheat, and the future supply must be regarded as a short one, so far as France and England are concerned. This fact doss not seem to be forgotten, for the markets while inactive, give way in price but little, although wholesale transactions cannot be made without some slight concession. American shipment have been decidedly light ; but the general supplies have been ample to satisfy curx'ent wants, and granary stocks are kept at a level which has the effect of cramping buyers opeistions. The reports last received from the United States confirm former estimates as to the deficiency of the crop prospects. The quantity of wheat on passage and shipping to the United Kingdom now stands at 2,189,000 quarters ; against 2,385,500 quarters given in our last circular. The * visible supply ’ this week i« 20,500,000 bushels, compared with 20 200,000 bushels a fortnight ago, and 10,20 000 bushels this same last year. To-day’s quotations in granary are ns follows Wheat, Australian, 48s to 49s per 496 lbs ; ditto, New Zealand, longberried, 47s to 49s ; do, do, average, 42s to 445; do, do, inferior, 30s, to 41s ; flour, Australian, superfine, 32s to 33s per 2801bs, gross ; do, do, line, 27s to 29s ; do, New Zealand, 28s to 29s ; barley, 34s to 39s ; per -t-lßlbs ; o .Is, do, fine, 30s to 345, per imperial qr. ; do, do, ordinary, 25s to 27s ; beans, do 43s per 50Hbs.