Commercial.

Akaroa Mail and Banks Peninsula Advertiser, Volume VII, Issue 659, 7 November 1882, Page 2

Commercial.

PRODUCE MAKKETS.

The New Zealand Loan and Mereanti'e Agency Company report on November 2nd. 1882: —

Wool.—Mail ad vires from London convoying the lesultH of tie first fortnight's safes at the August Sept. series, fully confirm tlie cabled reports received and pub— lMieri by us at the time. For combing merino the demand was good, and prices ruled on a pnr with tlio.-e current at the Hose of the previous sales ; but for crossbreds—especially the coarser descriptions —the itj.'irlu't was weaker, and former rates were not o> t-iinable. Just prior to the departure of the mail, however, the demand ior this class of wool \v\<\ improved, and a flight enhancement in values resulted. Shearing lias been prosecuted with vigor throughout the North Island during the past month. Many of the largo sheds on the Knst Coast have already completed operations, and another month will find tlie bulk or' the clip afloat. In the districts of Nelson, Marl borough, and North Canter bury, shearing is being pushed forward as the weather permits, but further -foutlt, a stfirt hits scftrcely been made, owing to tliu recent inclement weather. From every district wo have good reports of the quality of the clip, '■ sound in staple, we 1 grown, and light in grease," being tin , , general opinion arrived at. Cliristcliureh —The arrivals of wool into store, and > t Port, have been insignificant up to the present, shearing operations living greatly been retarded by the unsettled weather lately experienced. The sheds are now in full swing, however, and we anticipate lnrge deliveries within the next fortnight. The first series of sales will open on the 28th inst., when about 3000 bales will be offered by the several brokers. It is difficult to forecast the course of prices, as much will depend upon the aspect of the London ■market, and the rates ruling at the series opening on 22nd November. Numerous enquiries from Australia lead to the supposition that foreign buyers will be largely represented at the opening series, from which circumstance we anticipate keen competition, especially for strong combing wools, which are this year so deficient in Australia.

Sheepskins.—Christrhurcii—Large supplies have been brought forward nt the weekly auctions, which have been readfly absorbed by the trade at the following rates :—Butchers' crossbreds, 4s to 7s 4d ; merinos, 5s Gd to Ga 'Jd ; lambs, Is to Is 4'). Country skins, 3s to 6s 10d ; merinos. 2s Gd to 6< 31. Station skins, sjf(l to 6£d per lb. Salted pelt*, 4s Gd to 5s Gd per doz. The number offered during the month, has reached 31,500, of which we have supplied 3,600.

Gkass Seeds.—Grisborne—A few lots of rye grass have found buyers at 4s 4d, but such purchases are purely speculative. I'ivercargill—Uye grass—The demand is now slackening off, but quotations may be given at from 4s to 5s Gd, the latter price for vory well dressed samples only. Cocksfoot is i:; fair enquiry at G.fd. Dune■x'lin—Rye u;ra.»s —Sowing operations being ■about completed, there \a no demand whatever, and quotations would be useless.

Miscellaneous.—Christchurch — Butter ■ —The market has ruled very-quiet throughout tin month. Stocks of potted nre well nigh exhausted, whilst fresh butter is coining in slowly, owing doubtless to the backward state of the paddweks. Cheese —Priuid old has had business at B£d, but the supply is extremely limited. New cheese has been offering at 6£d, with but few transactions resulting. In this connection we must congratulate our Ashhurton friends on the o ening of their Creamerie establishment at Flemington, and gladly avail this opportunity of wishing them that complete success which their enterprise and perseverance merits. Potatoes —Heavy shipments to Austm'ia throughout the season have so impoverished stocks that it i< found there is barely sufficient on hand to meet consumers' until th ,l new crop is gathered —esp:cia<ly a.s this will lib late, owing to thi> rec.Tit frosK S.ilos have been made at Hβ f.o h." £7 to £S is now asked, whilst some holders demand £10.