COMMERCIAL. Waikato Times Office, Wednesday. MELBOURNE MARKETS.

Waikato Times, Volume XX, Issue 1710, 21 June 1883, Page 2

COMMERCIAL. Waikato Times Office, Wednesday. MELBOURNE MARKETS.

Messrs Goldsbrouoji & Co. report under date Melbourne, June 4 :— Wool.,— The quantity offering at this season of the jcar is ioni|Mrati\ely bin. ill, consequent the business transacted dining the past month has been on a limited scale. At the auction sales zil)s bales have beer catalogued, of ninth '20i>(! Sale* have bt*i*n disposed of at firm prices, the rates obtained being .ibout equal to those ruling last month for similar wools. Fully two-thiids ot the lots offered consisted of consignments fiom the lJirling. the balance being reninautsof rlips, and tellmonsrers 1 pin els of scoured. There has been Rood competition, .mil the den. md for shipping lots, to which we refened in our List circular, still continues. Wo quote • Alenno greasy, in inferior to fan average condition, did to 1)1 per 1b; oidmaryto good merino srouri'd, 14d to II) I per !b : and a\erage scoured crossbred, from 12d to 14d per lb. •SHKIiP.sKi.Nb — Full catalogues Im\p been illsSosed of during the month, and fluctuations h ive een insijjiiilicent. Well-fleered merinos have found .1 keen demand .it high pi ices ; some large hales haunt; been effected at from 5s to .'>> 3d uach. Hint s.— New Zealand heavies, free from f.icppiei.es, ears, shanks, &.i , I,M to ~i\ pi i 11). GRAiM.— ihe almost total cessation ot our export trade, (irrespectne of intercolonial shipments) has had .1 \ery depressing effect on our wheat and flour market during the month , the fact ot 1 irger slocks being held than was mineral ly supposed, together with the news of falling prices from home, induced some 1 lrgc holders to sell, and we haw in consequence to report a fall of fully twopence per bushel on last month's rilling rates ; but .is a consider »ble business li is been done during the month with our local millers, who were ready purchasers, haiing an outlet for their flour in New South Wales and Queensland, prices did not go so low as we anticipated. Our surplus available for export is still considerable, but there is no inducement to purchaso at present prices. Shipping .it reasonable rates of freipht is not obtainable, and any shipments making have to be sent bv our regular line of steamships direct : in cousequence of which the quantity exported is scarcely worth noticing. The present London quotation of 48s, with every prospect of lower rates ruling shortly, offers no inducement to shipper?, and holders arc si ill looking for prices which preclude any prospect of a resumption in our export trade. We have been favoured with a reasonable fall of rain throughout the various agricultural districts, and we last se ison will be plated under crop. c\pect tint a riniih 1 lrger area than Iheoul) vessel now lo iding on the beith is the "Golden Russet," for Cape limn, and her cargo mil mostly consist oi flour, and we hear of no arrangements for fresh charters being entered on. Wheat has fluctuated to a tnflmg extent during the month, but on •hi* whole with a falling tendency. < loMng with sellers it ">s id per bushel, and a limited di mmd /Ann — V fallrig off in the dem md to tin* icljoinintf i nlomes li is led to a general easing in pric es, and the market closes dull, with sellers it £W 10s tor best brands, ard little business icsiilting Oa/s hive in untuned last month's prices, and the matket closi-, with a steady trade dem md at from 3^ Id to .5- Jd, according to (jualitj. lltuti i being scarce, his reimined firm, and the pindiii tion of this ceieal tint being equ il to the demiml his compelled importations from .San J'raniisu), i cargo fiom there being dail) c \pee ti d. (Jtu uresi nt cjuot ition is (is pi 1 ! bushel. I'tas aie saleable at Is. Afii'Z up to Js AA. Hi an and I'ollnnl at l">d per bushel.