COMMERCIAL.

Globe, Volume III, Issue 265, 17 April 1875, Page 2

COMMERCIAL.

Very few farmers have been in during the past week, and consequently sales have been trilling in the extreme. 3s Id to list'd appears the ruling rates for prime milling wheat; but far less anxiety is now exhibited to operate than when 3s ruled. Flour is steady at £t), in sacks, for bakers’ parcels, Bran at £l. Oats continue quiet, as Melbourne advices are not favorable, and excepting for seed parcels, a considerable decline lias resulted. Harley is in less demand at ss, and there is an evident inclination now to sell at this figure. A large export business might be done il prices were a little lower; but present rates prohibit extensive shipments. Butter is steady at is 3d. and cheese at Bd. I’otatos, for prompt delivery, realise £2, but for forward sales the utmost that can be obtained is £1 Ins. A moderate business has been done in the import markets during the past week ; sales in one or two leading lines have been numerous. ThcWaimate cleared for Loudon on the 15th inst, taking a large and valuable cargo of wool, wheat, skins, &c. The Avalanche and Hudson will follow at an early date. Sugars have received a great amount of attention, large lines of white crystals have been cleared at .£34 15s to £35 10s; white counters realise £34 to £35; yellow crystals rather slow of sale at £33 to £33 15's i.b. Teas have been moving off freely at is tid to 2s 3d i.b. for trade parcels. Tobaccos have not called for much attention, the usual trade sales have taken place at our last quotations. Bottled ales and stouts find purchasers at 11s 6d to 12s for quarts; pints realise 7> (id to 7s9dd.p. Spirits— Hennei-sy's pale brandy is quitted at 9s 3d ; Martell s dark 9s 3d ; several sales have been effected in Swaine Herd s bulk and ease old tom at 5s to 5> 3d and I4s 6d ; a largo parcel of W. I. rum (lo o p.) Inis been taken up at Is 3d; Heunessy’s case ora tidy lias been quit led in parcels of luu at 29s to 29s yd, hollers arc now asking 30s i.b..- the business done in oilier lines of spirits does not call (or any remark beyond the usual trade sales. Kerosene mi-ets witli fair sale at 2s d.p. Cornsacks—Several sales have been effected at 12s to 12s 3d for large parcels. Cement rned s with flic usual sale at 225. Several country orders have been received for galvanised iron, but cannot be executed, owing to the scarcity of this article in the market.

Messrs H. Matson and Co report on the live stock market, Ac, as follows; —At the yards on Wednesday last 226 head of cattle and 2415 sheep came to hand. There was an average attendance of buyers, and biddings throughout the cattle sale were very brisk, but for sheep little or no animation was displayed, butchers having large stocks of sheep on hand—- •• scabby uuder the meaning of the Act”—are anxious to clear them off before re-purchasiug. We hope to see the market revive in a week or two. In store sheep there is a very large demand for cross-bred wethers, with none in the market. We could dispose of 20,000 to various clients at full pi ices, but have none to offer. The prices obtained for merino wethers and merino ewes, though low in comparison to other seasons, must bo considered as satisfactory for the class of stock, and the margin leit lor purchasers is no larger than it should be. Cross-bred lambs arc not moving off so freely as we expected, large lines being difficult to dispose of at from 6s (id to 7s per head. We have sold several small lots of paddock reared lambs at from 8s to us 6d per head. In cattle, at the yards, on Weducsay, we. yarded and sold 135 hi ad for Messrs Davis, Ferguson, F. Lane, and others, at full prices as under:—l6 fat 3 and 4-year-old bullocks, at .£l2 12s 6d per head; 20 2 and 3-year-old do, at £8 las per head; 15 do, at £s 7s (id; 15 do, at £7 Ids, £<) ]Qs to £io ]os; 12 do at £5 2s 6d. £6 ss, t > £7; 16 do at £6, £7 15s, £8 IDs, to £0 5s per head ; milch cows, very ordinary, £6 10s, £7 15s, £8 10. to £ll ; young stock, £2 7s 6d, £3, to £llss. We quote beef at 30s to 35s per 100 lbs, with a fair demand. In sheep we sold 653 of all classes, at low prices, viz—For Mr W. B. Andrews, 120 cro.-s-brcd ewes, very prime, at 12s 3d per head to a grazier, 200 merino wethers, very ordinary quality, at 7s 3d to 7s 6(1; for Mr F C Murray. 178 cross-brcds, do prime, los Ud 11s to 11 s 3d per head, 25 do at lls. Ho merino ewes at 43d, and others at lair rates. We have hopes of better markets in a tew weeks, and look forward to winter and early s; ring for active businessand limb rates, Country sales—We have sold at Clarinda farm on account of Mr 8. Gillingham, the whole of his live and dead stock; there was a large attendance and for sheep and cattle biddings were animated, but for horse stock and farm implements very dull. We sold in sheep, 'at, from lls 9d to IRs per head ; cross-bred lambs; ewes, at 9s ild to 18s per head; wethers, 9s; 2-tooth ewes at 10s 9d ; 4-tooth at lls Gd; 6-tooth, Ids Oil; full and broken, at l.s to 17s; inferior, at 6slid; rams, 7s, Ids, to £2 6s per head; horses, from £9. £22 to £2B. Adelaide stripper, £37 10s; reaping machines, £27; drill, £25, Ac. sheep-kins, hides, fallow, Ac. AI onr sale on Thursday we -01d2200 sheep-kins at full rates ; butchers’ best up to 3s 2d each; 107 ox hideat pi rib; rough fat at 2d per lb Landed pm perty—We have sold 4 acres ol Mr Thomas Kills' land, Pupauui road, at £l5O per acre, and several leasehold properties at fair rates. In pmc-hred •heep, we have sold for Mr Horatio Duddin--—1 Panton Lincoln ram to Mr Joseph Newman” of Auckland, for os guinea* i 1 do, at 75 guineas; and l

do, at 45 guineas, to Mr Justice Gresson. Also, 5 Pauton Lincoln Ewes, at 30 guineas each, to Mr Thomas Rowe, of Papanui. At the sale held hy us on Friday, the 16th, on account of Mrs Bethel Wave, there was a large attendance of purchasers, biddings were comparatively brisk, and the result of the sale highly satisfactory.

Mr H. E. Alport reports moderate supplies of cattle and sheep at the Canterbury saleyards on Wednesday last. Fat cattle, short in supply, sold readily as under—Good to prime cows and heifers brought £6 17s 6d to £lO ss. Nearly fat steers and heifers, two to three-year-old, £6 17s Od to £8 7s 6d; three to four-year-old, £l2 13s 6d; store cows, £5 7s 6d to £6 ss; dairy cows (medium quality), £7 15s to £9; calves and stock under eighteen months old brought full rates. Good quality nearly fat Merino wethers, 7s fid to 8s 3d; prime half-bred Dawsons. 12s; Romney Marsh eives, Hs (id; do lambs, Cs Od to 8°; old Merino ewes. Is id upwards. Beef and mutton remain firm, with an upward tendency. LAND AND ESTATES. Messrs IS. Mainwaring-Jobnson and Co report as follows:—A steady demand with firm market for both town and country land, the scarcity of money having little or no Influence on our transactions. As a test of this statement, and also as a guide to values, the following sales will no doubt be conclusive:— J-acre and 2 room house, Windmill road, £110; 45 acres, Ashburton, £157; 4-acre, 4-room house, Selwyn-strcet, £270; 20 acres, Ashburton, £100; 1-acre, 4-room house, Oxford terrace, £450; 5 sections, St Asaph street east, £150; 200 acres, Selwyn, £1155; one-fifth acre, Stanmore road, £45; 56 acres, Styx, £168; 2| acres and house, Saltwater Creek, £150; 650 acres, Orari, £1100; 385 acres, Ashburton, £1636 ss; one-fifth, Phillipstown, £60:14 acres, Opawa road, £180; 32 perches, Stanmore road, £7O; J-acre, 4 room house, r. s. 79, Madras street, £130; 14 acres. Woodend, £255105; 20 sections, Colombo street south,£32o; 5 sections, Madras street south, £2OO, 20 acres. Banks’ Peninsula, £6O; 15 acres, North road, £700; 50 acres, Ashley district, £237 10s; 131 acres, Burnham, £327 10s; 210 acres, Greendale, £IOO7 10s; 36 acres, Halswell, £1044; 4 acres and houses, Fendalltown, £6OO. Good farm land finds a ready sale at good prices. Mr E. C. Minchin’s farm at Halswell produced about twenty inquiries, and was let at a good rental. ■We have applications for at least 50 farms, to be taken on leasehold tenure. In money, wc can report the investment on first-class security of large sums at rates varying from 8 to 10 per cent. In addition to sales above quoted, we have sold building lots in town and suburbs at rates not to be disclosed, and we look for continuance of fair prices and a much larger demand for town properties early in the spring. Melbourne.— The “Argus” of the 6th inst reports In the import market business is exceedingly quiet, and we are without anything of the slightest interest to refer to. Brcadstulfs are steady, and prices of wheat are very fully supported, 4s 9d to 4s 4(d being required for any parcels of really good quality which maybe offered. A line of 500 bags was disposed of at 4s 9id. Flour, on the other hand, is, if anything, easier, all the sales reported being at £lO 10s, and nothing but what is exceptional is now making £lO 12s (id. Oats meet with inquiry, and parcels arc being readily moved off at our quotations of 4s Id to 4s 2d for feeding, and 4s 6d to 4s 8d for seed. Some 4000 bushels have been placed at within that range ; 2000 bags will be offered publicly to-morrow. Maize is still depressed; we note sales at 5s 2d, though we understand that for good about 5s 4d is asked. Bran is now selling at Is 3d. Sugars are in fair request, and Mauritius is beginning to be more inquired for. We hear of a few hundred bags of whites having been placed at £34 10s. We observe that to-morrow some 10,000 mats and bags Java and Queensland sorts will be offered publicly. The arrival of the Felham|and the Ilione from Mauritius places us in possession of dates to 25th February from Port Louis. Messrs Scott and Co in their circular of the 24th report:—“ Scarcely any sugars have been purchased for the Australian market, with the exception of 1000 bags of fine white crystals, for which a buyer paid 7.15d01. Some 5,000 bags middling to good whites have just been sold to the Indian native traders, who ship to Bombay, at from 6.60d0l to 6.85d01. A few days ago an attempt was made by a European firm to purchase a cargo for New Zealand, but was abandoned, the prices asked by holders being apparently too high.” A private communication of 25th February states:— “ Finest whites are only to be found with one (inn, who refused to sell at 7.40d01.” There was no vessel loading for the colonies, nor had any been chartered, but the Hazel Holme was likely to load a cargo for Sydney. Exchange on Australia, 60 days’ sight, was quoted at 6 per cent premium, and on New Zealand at 5 per cent. Documents and credit bills, 90 days’ sight, on London, were selling at 8 per cent premium. Candles are in moderate request; a trade parcel of 250 boxes mixed brands was placed at Hops are very saleable; a shipment of 36 bales new Tasmanian, just landed, has been taken up at 2s. We note an improving demand for Elcme raisins at 7}(1; in bond, sjd lias also been realised. Sales of O’Brien’s stout are making at prices ranging, according to quantity, irom 9s to 9s (Id. Several parcels of brandy will be offered publicly to-morrow. ENGLISH COMMERCIAL. WOOL. Messrs Miles and Co report on February 19th:— There has been but tittle change in our market since the date of our last report; but a few parcels of new greasy wool hare been disposed of privately for special purposes at favorable rates. Some little time since it was considered probable that these sales would open firmly, although a decline might take place at the later scries; but in consequence of tlie arrivals being larger than were anticipated, owing to the postponement of the sales and advices of a rather limited business doing in the manufacturing districts, prices may weaken, not we trust however to any great extent, as stocks are said to be low, and there is every probability of a good attendance of.buyers from all quarters’ An ivals to date for the next series to commence on the 23rd instant:— Bales N. S. Wales and Queensland ... ih.s{>3 Victoria 100, 313 South Australia 40,944 Western Australia 337 Tasmania .400 New Zealand 4,657 Cape ol Good Hope 43,842 Total .. 209,416 , Of this quantity about 1230 bales have been forwarded direct from ship to Yorkshire, the Continent, and the United States. WHEAT AND FLOUR. According to Messrs Burrows and Perks the arrivals from the colonies since our last have been only two small parcels of flour by the Highflyer from Melbourne, and the City of Ningpo from Adelaide. The nominal value of Adelaide wheat of the new crop (of which the quality appears to be very good) is 48s to 50s per 496 lbs, ex granary ; the same quotation would appiy to fine Tasmanian, but New Zealand would range from 44s to 48s per 496 lbs, according to quality; superfine Adelaide flour is worth 3is to 355, and line 29s to 3ls, both per 280 lbs, nett, ex granary. Messrs Miles and Co report:—The trade remains in Hie same depressed state, and prices of foreign wheat are about Is per quarter lower, a considerable quantity having arrived lately from California, a portion of which realised Ms 6d per 500 lbs, but a large quantify remains unsold. New Zealand wheat is worth from 46s to 43s per 496 lbs; Australian flour from 30s to 33s per 280 lbs ; New Zealand Hour from 26s to 29s per 280 10s. There is no Australian wheat in the market, but the present value of shipment of the new crop would be about 44s per 480 lbs c.i.f. PRESERVED MEATS. The Australian Meat Agency (Tallerman’s) Company, Limited, report:—“The sale of meats for home consumption during the past month lias been of a moderate character—exports to the Continent continuing large. Mutton remains dull of sale, and prices have decreased to IJd. Beef sells steadily at 6,d to OJd. At public sale, of 1388 cases offered, 678 cases only sold at following rates:—6 lb mutton, coined beef, -Qd to sjd ; potted head, 2.jd ; sheeps’ tongues. Is; beef stock, 4d; the remaining lots being withdrawn. The arrivals for the month of January were—Australia, 16,833; America and other ports, 4,780. Total, 21,613. Messrs Miles and Co. report“ There is only a moderate demand on the part of our home trade, but a considerable business has been done on Continental account. Beef realises 6jd to 6i,d per lb, with a ready sale, but mutton is dull, and parcels have only brought 4fd per lb for 6’s, and at auction as low as 4(d per lb. The arrivals last month were about 21,600 cases, of which about 16,800 cases were Australian, Hie remainder being shipments from America and other ports. TALLOW AND HIDES. Messrs Miles and Co report;—“ Thetallow market has been inanimate, with a limited demand for all descriptions. We quote good to fine Australian mutton at 40s to 41s 6d, and fair to line beef 39s 6d to 4ls 6d. The market for hides is quiet, and we quote New Zealand 7d to ordinary 6-Jd per lb.” NEW ZEALAND HEMP. Messrs Miles and Co report.—'“There is no imiirovement to notice In the demand for this fibre. I’rices, although low, do not tenant buyers, and until

an upward turn takes place in Manilla, we cannot look for any improvement in New Zealand. A parcel Df best New Zealand, about 60 tons, lately changed hands at £l9 10s per ton.” PRODUCE TELEGRAM. The following is the usual produce telegram received from the New Zealand Loan and Mercantile Agency Company (Limited), dated London, 31st March:—“ Tallow market quiet: P.T.C. on the spot £4l; leather market easier; copper dull; Wallaroo worth £9O per ton; ore, 26 per cent, worth 16s per unit; New Zealand hemp continues dull of sale; market flat, and stocks accumulating ; Kauri gum, market firm; line qualities in good demand.”