COMMERCIAL.

Waikato Times, Volume XXV, Issue 2080, 5 November 1885, Page 2

COMMERCIAL.

Waikato Times Office, Wednesday. MKI.BOURNR OIUIN M \HKETS. Mtil.BOl RNR, November 3. —The Melbourne manager of the National Mortgage and Agency Company of New Zc<»l«vnd (Limited) reports of the local produce market a* follows : — Shipping wheat, 2a lOd to 3* lid per biwhel, quiet ; b.irley, 3s (id to 4h 2d per biwhel, quiet ; Xrw Zealand feed o.its, '2-* 'Ml to 3^ per bmliel, steady ; New Ze.W.uid rnilhnor ditto, 3-t to 3-» Id, no lmijro^ojicnt; New Ze.iland ditto, under bond, 2« Id to 2-t 3d.

VELLO'JUNE WOOL AM) t.RUN MMIKKT. Mmsiis (Soldmmoi i.ii and Co. report under date, Melbourne, Oct. 21 • — Wool — The opening of the season IHH"> C>, winch took pljc- on the l">th inst., has been luokpd forw.ud to with uniwuil interest by all connected witli pastoral affairs, owing to tho serious decline in the value of oiu staple in the homo markets mnco the c'ohc of the la-t soiling reason. A fall in v.iluo such as the present n fortunately of t.ire occurrence in tho histoiy of the Australian wool trade, the last tiui'- prices reached so low nn ebb being in lt<7o 71. As the decline has been a gradual one, growers h.ivo had tnno to re.ili.se its extent ; and as buyers, who arc in strong foice, show a de»iro to operate at prices fully up to tho London parity, there is nothing to provunt a largo business being done in the local uuikots, if tho former are reasonable m their demands. The catalogun brought forward on Thursday la«t consumed chiofly of greawy wools from the northern are is, «oine of the clips being exceptionally heavy with eaith and sand. Thfre was a large attendance of buyers, and competition was brisk up to a certain point, especially on the part of the home represent itives, , who bid throughout with consider ible spirit. Tho continental Roction of tho trade acted with res3rve ; but no dobut at* the salea progress and tho catalogues become more attractive, the foreign demand will be felt. Puces as compared with last season show a decline oL about 1W per lb. on medium to good ineiiuo in the grease, Id per lb. on crossbred*, and from 3W to 4d on scoured. This day (Wednesday)" we shall offer about 2000 | balei, including some good representative i clips, which wilt enable us to form a better idea «>f the market. (iUMJf:— With the near .inprmch of harvest tke pnwpect of our yield of wheat is beginning to attract attention, and we are pleased to report th.it the weather has been very favourable for agricultural pur•nits. Throughout tho colony promises of n large yield of all descnptions of grain arc now more hopeful, and, mhould present anticipations bo realined, a \ery large surplus of wheat will be available for export this seaaon. According to recent account* from South Australia (our largest wh«at producing colony) prospects are not nearly as good as last season, their probablo available mrplus being estimated at from 170,000 to 200,000 tons. The Vic torian export is expscted to be fully equal to this, and with pro-.pe.cts of fair prices bein# reulned in (ire it Britain, farmers may be congratulated on the favourable prospects of the forthcoming xnjunin. Tho London wheat market does not ho far show much Kign of improvement, but there is a general opinion that, owing to a large deficiency in the American winter and spring crop*, a reaction from the present low prices i tiling is inevitable as the neawn advances. Whkvt has fallen in value Id per bushel within tho last for/ days, and there being no export demand, prices are likely to go lower a.s tho new harvest comes to maturity, present quotations being 4s to 4s Id, accoidingto quality. Flour. — The demand for export to the other colonies haa been fair, but prices, as compared with the relative value of wheat, hive been compiratively low, ruling from £8 to £8 5< for approved country brands. Oai's. — The market has been dull, and prices have receded, closing at fioiu 2s lOd for medium feed up to 3s for stout, and 3s Id foi milling descriptions