DUNEDIN.

Southland Times, Issue 1659, 8 November 1872, Page 2

DUNEDIN.

Messrs Wright, Stephenson, and Co. report, 1 for the week ending November 2nd, as follows :— Fat Cattle. — An average number came forward, 46 being jarded. Oar sales consisted of 16 head at from £6 10s to £11, equal to 27s 6d perlOOlbs for good qualitj, and 20s for middling do. Fat Sheep. — 600 half-breds, good quality, but imaU, were penned, which we sold at 18s 6d each. We quote prime half-breds, 4£d per lb ; do merinos, 3fd. We 6old privately 100 half-breds, •horn, at 2d per lb. Fat Lambs. — 31 were penned, which we sold at 12s 3d each. We also sold privately for forward delivery, 150 at 10s each. Store Cattle. — We have enquiries for wellgrown cattle. We quote bullocks, 3to 5 years old, £3 10s to £4 ; mixed cattle, 45s to 50*. Store Sheep. — No transactions. Horses. — Good heavy draughts and light harness horses are the only sorts enquired for. We quote first-class draughts, £45 to £55 ; medium do, £25 to £30 ; good hacks and light harness horses, £20 to £25 j medium do, £10 to £14 j light and inferior, £3 to £5. Wool, &c. — By the arrival of the Suez mail we are in receipt of our London advices, which say, under date of 6fch September : — " The auctions to commence here on 12th inst. are now arranged to continue up to 7th October. The quantities declared for sale amount to 119,000 bales, which will be further increased by fresh arrivals during the next week, bo that the total available stock for auction may be about 125,000 bales, including that held over from July. The tone of tha market is healthy, the trade in the clothing districts being sound and free from speculation, though the manufacturer has to contend with dearer coal and dearer labor, as well as the high price of the raw material ; but, taking all things into account, there is every appearance of prices being firmly maintained, seeing that our stock nvaßt necessarily be very limited until the new clip comes to hand in February next." The expectations formed with regard to the maintenance of values, have apparently been verified by the London telegram of 21st October, received per Albion via Bluff, reporting that high rates ruled at the beginning of the sales, and although prices receded again, they partially recovered at the close. At our weekly sale on Wednesday, the favorable news had the effect of producing keen competition, extreme rated being obtained for all the lots. The following are the figures obtained : — Washed fleece wool, Is 6d per lb ; dry station merino skins, 3s 2d to 6s 7d each ; do lialf-bredsj 8s 8d ; JLeicestera, 9s 2d ; green merino skins, 6s 6:1 ; do half-breds, 9a 6d j hides, 14s to 17a 6d. Grain. — The tone of the market is firm, without much business doing. We quote wheat, good samples, 5s 3d to 5s 6d per bshel ; oats, milling qualities,- 2s 2d per bushel ; feed, 2s Id.