Argus (Melbourne, Vic. : 1848 - 1957), Friday 21 September 1888, page 9


COMMERCIAL INTELLIGENCE.

The ".¡jusOíli.., Thursday evening.

Although commercial affairs are somewhat quiet so far as large or speculative issues tions are in question, the feeling Kuma ground that, owing partly to the great one in freights from mainland and partly to the large consumption which is now going on, the market will shortly rallying that the remainder of the year will be marked by increased activity and by firm if not rising prices. The postponement of the revision of the tariff, to another Parliamentary session will also tend to improve the tone of the markets, protracted discussions of proposed alterations of duties being adverse to the existence of a settled

state of affairs

'The judgment of the Supreme Court of New South Wales in the appeal case Aaron. v. Hoffnung, to which we referred on Tuesday mumm., as published in piano in the Sydney Morning Herald of 15th net, coveris eight columns. The report is rendered valuable to merchants, owing to Mr. Justice Windeyer in his judgment going full) into the law on the right of stoppage in transitu.

From the New) Zealand Trade Review of 8th inst. we learn that for the year ended -30th June last the exports from the colony amounted to £7,213, 113, us against £G,U 2 15 for the previous year, the increase being __i;.,2.V- Imports amounted to £_,___,___, nguiiist£G,__l,70i,n decrease of £10,141 being shown, Exports exceeded imports by £-02,8,2. It should be noted that, relatively to population, New Zealand is the largest ex-porter of the Australian group of colonies, and that her revising prosperity) is occasioned by productiveness, and is therefore likely to prove stable. The development of the export trade in meats and dairy produce is only just commencing, longland offering an almost

boundless held.

The grain markets have been unusually dull, the demand for feed grains especially being at a standstill pending effect being given to the wish of the Government to recall their budget proposals, Wheat has not been in demand, the millers being satisfied at present, and quotations are rather nominal at Is. ed. to 1s. 6d. The latter price is, however, easily obtain. able for serviceable parcels of prime Wimmera. The Corbet Castle has cleared for the United Kingdom to-day with about 19,000 bags. There are six other vessels to follow the departure of most of which would be accelerated in the Railway Commissioners could find the trucks required for bringing the wheat down from the country, The extremely feeble railway resources act in the restraint of trade. It is not easy to quote in. values for feed grains. New Zealand oats are quoted tentatively at 3s. 8d. to 3s 11d ; Cape barley is almost quiescent at s for maize 3s 11d. is named. A parcel of 200 bags peas has been sold at 39. delivered, Bran is quoted lower at 11d. to 11d., with transactions at the former

figure.

At and immediately after the auction of sugar held this moronic SOO packages slightly damaged Mauritius sugar were disposed of at 22 to 2250 , the prices, taking quality into consideration, being very full. Upwards of 2,000 mats Java yellows who also disposed of at £21. Privately, 100 boxes tablet sugar has been placed at £35 10s. From the New Zealand Trade Review of 8th September, we learn that the Janet Nicol had arrived with 78 tons Queensland sugar for Nelson, Lyttelton, Dunedin, and Wellington. Owing to the great advance in the price of coal, the "Canal Sugar Refining Company

have to day announced an advance of 10s. per ton, to take effect at once. Their prices are

now £23 10s. for brewers' crystals and No 3 extra, £28 for No 1A and No. 1, £22 for No. 2, and £20 for No. 3 The wholesale houses have responded by making a similar advance. Business in tea has been fairly active We note sales of 000 boxes common congous,

100 half chests services at 9d., and 2.0 half chests prongs at 10d to 10d. There is a little more doing in chemicals, but the stocks of several leading lines being large pressure rather weak Snlesofcreamoftartar have been made at Is. 10d and of tartaric acid at Is SjVl. Chemicals serviceable for the summer Benson will soon be coming into request. In fish we note a moderate demand for quarter sardines, with buyers of good French brands at 3s 7d., and sellers at 3s. 9d. Sales of fresh herrings have been made at and up to 6s. 6d , according to brand. New ling of prime quality has been sold at up to 4d. Old ling is fetching up to 'and. according to quality. American cod is firmer, the consumption increasing. Dried fruits have been in trade request

Currants are a shade firmer, good fruit not being procurable at less than 12 J Of Bul-tanna 150 boxes have been sold, and ol dates 1,000 boxes have been quitted up to and. A line of 50 cases Keller's marmalade has been sold at 7s. A demand for hops has led to 60 bales Shoobridge's (Tasmania) being placed at a substantial advance on late rates. The metal market has been inactive, but the hardware houses are doing a large distributing business at the advanced prices. A London cable message of the nth mat states that the market in galvanised iron is active, and that prices are advancing. Here. I send oil is fairly steady, but in view of some of the Newcastle collieries resuming work

there is less disposition to lay in stock. At the tobacco auction held this morning a catalogue of 51 packages -Perry Bros ' tobaccoes was submitted. Aromatic brought lid., and blacks 8d. to 8d 1. In liquors we note sales of 100 cases 1 stout for export, 10 quarters Andressen's port at £36, and 25 quarters brandy.

In our special advertising columns will be found the first annual report and balancesheet as at the 31st July last of the North Suburban Permanent Building society. Notwithstanding the youth of the society, a slight profit has been made, justifying the appropriation to shareholders of interest at the rate of 8 per cent The liabilities consist of shareholders' capital £3,8.2, deposits £6 SU, and other items, the total being. £12,150. This is represented by present value of loans (£11,070) and other assets. The report states time the permanent share, of the society are still being taken up. The annual meeting was held to day).

The Agency Land and 1 Junee Company of Australia -Limited (late Raleigh, Aitken, and Co ) report having sold, in con motion with Messrs Synnot and Mack, on behalf of the trustees of the late C and J. Degraves, the Mount Koroit estate, situated near Coleraine, in the Western district, and containing an area of about 7, 270 acres, together with sheep, cattle, and horses thereon, at a satisfactory price, the purchaser being Mr. J. Kirby.

The following auctioneers' report has been received :

Messrs Hammill and Forrester reported having. sold this day), by public auction, an account Masters. Jack Jacobs and Sons, of Maobalu, 6_l|>_ckagMauritius sugar, slightly damaged, up to £2.110 nor ton d p , and it has for miners' co-stars : also, on account of Mr R M Wenley, ex DuUtuli-, light many fellow July a very stale, at It per ton, dip.

The revenue collected at the port of Melbourne this day amounted to £8,028 11s. 4d; wharfage, £651 13s. 5:1; connu, gent, 136 17s. 1d. ; pilotage, 273 7s 3d.