MARKET REPORTS.

Temuka Leader, Issue 240, 6 March 1880, Page 2

MARKET REPORTS.

TeMI'EA LEADS': O FIT 3, Friday t v ai'.rjg. Tes past week ba3 been most unfavorable for harvest work. A'l day and night ou Sun ;ay'ifc rained heavily, and ever since ha3 been little sunshine A large amount of gra r n is yet in stock ; threshing lias also be ill ictarded. consequently deliveries r»f fjr-'tu at the Railway Stati >n,or eUe*v'i!:-':!', V'S been suvd!. Fi'iceß lire as f (i ;'o«r' :----\Yh ::it 3s 3d, oais Is 3d to la 41, barley (priux-': samples) 33 61, fair 3i 3 ", indimsrent 3s, infvrior, no sale, potatoes £5 to -Co p:-r tun. The present iiwev-led weather causes much fear for the g-ainhithe stooks growing and spoiling the samp.e. Tins v.ould bj ninth to be regretted, as only prime samples v.id piy io ship at tixo present liigh r ttea of freight. The cattle market continues to be depressed, and almost every grazier Las lost the summer's fetid at least. Store arn in unusual demmd, and at prices nearly equal to fa . This is eaused partly by .'.the great loss of sheep in the Mackenzie. Conn try last winter, some stations losing all their flocks. The result is that squatter;* are buyers to rill up the gap, instead of being sellers as formerly. Every sale of sheen, therefore, is kee ly contested. Visa are good property to hold, and bacon vi'U bring a good price. Salt butter ia iiti! lunch in demand, but fresh is in reqnt bi-. Cheese, none in the nvvket. acres o! Government land for cash and on deferred payments, to be h Id on the rf this month, wi 1 no doubt bring together n larg* number of buyers. A number of educational reserves are also advertised but v/o fs-ar that the high prices at w nch pome leases were sold two ywars ago will not he again reached —not even thi- seasou with the mo u t abundant yields t' at the country has produced, ns the fanners wib not be able to lealise a proiit, so much of the land being in oats, whim there is no prospect of selling at lemunerative prices. Business, geiierady, is dull.for this season of the year, and several parties in commercial business would be g'au 1 to sell their businesses even at a loss, fearing a bad winter. Even the bote s are not bo flush of money as formerly, although a temporary help has been given them by the swaggers, who have not yet forgotten the olden times when they knocked down their cheques regardless, of the consequences, kno ving that they could soon reph-uidi their exchequer. We fear they will have some difficulty in obtaining work this season.

Mr K. F Gray reports as follows of the Winchester Fair, held iast Wednesday : A t;ood number of sheep were yarded, and a large quantity changed hands; store sheep brought 6s 9'l to 7s 3d ; fat ditto, 7s 6d to Bs. The cattle entries were not so numerous as might have, been expect )d. This was owing, no donht to the low prices ruling, but the few that were yarded went off satisfactorily Stores (2yr olds) sold at from 1A 5s to L 4 15s ; dairy cows fetched from L 5 to L 7.

DUNEDIN. Messrs £(eid and Go. report for week ending 3rd Maxell : Fat Cattle. —18* were yarded, consisting mostly of medium quality aud lightweights ; prices ruled sLnilar to last week's, best bullocks making up to L 9 17s 6d ; beat cows, from L 6 to L 7 5s —or equal to 21s per 1001 b for prima, 18s to 20s medium quality. We sold 84 head, on account of Messrs Oughton, Car-gills, Goodison, and Schaw, at market rates. Fat Calves. —Sixteen were penned, find sold at from 8s Gil to 18s, according to size and quality. Fat Sheep.—2Blß penned, consisting of* <*b::.ut sco merinos, the balance good to extra prime crossbreds. Good quality brought last week's prices, but inferior and medium were difficult to place at slightly reduced pi ices. Best erosybreds brought 10s 61 to lis ; others from 6s 6d to 9s ; merino wethers. 5s to 5s 6-1. We quote prime mutton, l|d to 2d per 3b. We sold, on account c? John Bruce, ft?q., a draft of prime wethers, at quotations. Fat J jambs.—sso penned, consisting chiefly of small and inferior, with a few pens of good. Prices throughout were very low ; best brought up to 6s 3d ; othort!, 8s 6d to ss. Store Cattle. —No transactions to report. Store sheep are in good demand. We have buyers for sound merinos of all ages. Our transactions have been 2000 crossbred weather lambs, at 4s ; 3820 merino weathers, at 4s ; 2124 fourewes, at 6s; 620 four tooth, wethers, at 7 ; 3005 merino wethers, full-mouthed, at s*. Also 230 merino rams, at L2 2s. . Wool.—On Monday wa offered 45 bales, which sold at—greasy merino, to 10J ; do crossbred, 7d to Jod ; washed f.nd scoured, from to per lb Sheepskins.—At our regular weekly sale on Monday we offered a medium catalogue. Competition was gocd, and prices were fully higher than last sale. Crossbred brought 4s 7d ; merino, 3s pelts, Is 4d ; lambskins, Is 6d to 2s. Hides. —We quote Bound wet-salt ;d fit Sid to 3f d per lb ; butchers geeen blues,. 18s to 2os. Country Sales.— On Tuesday we held a charing sale at Mr It. Mitchell's, Musselburgh. Dairy cows brought from LS lofi to Ll 4 15s. We would call att ntion to our sale at Mr Todds, which takes place on Friday next, when we will offer the whole of his dairy and farm stock, furniture, &c., for positive sale. Grain —Wheat is in moderate request both for shipment and local requ lvments. Oatp meet with but limited inquiry, prieH? showing a downward tendency. Barley is in good supply ; prices however are very low, We puote prime milling wheat at 4s Id to 4s 7d ; me.lium, 3s lod to 4s ; inferior and fowls' fled, 3s to 3s Gd. Oats, old, Is 7d ; new, Isj Gd. Barley—Bright and malting, 3* 9d | to 4s Id : milling, 3s Gd to 3s 9d. | Potatoes, L 3 5s to L 3 15? per ion. [

Mr Donald btrouacu (on behalf ol the .Now Zealand Loan and. Merca djhAgeney Coniyanv, Limits!) reports f r the week cn'ii:;-' 3rd March as follows : Fat Cattle.—At the Bruas'tie yard* to-day the moderate, supply of 169 head was brought fot ward, principally medium to good, but coin prising a few prime. Butchers appear, however, t,-> have already gone well into stock, as the demand w s only languid at previous pries. We disposed of 16 head on account- r.f Mr William Shani, at quotations, which may be given at 2 is to 21s per 100.bfo" medium and 23s to 24s for prime. Fat Calves.— Fiu.teen were yarded winch s>!d up lo 25s per hsad, according to size and'condition. Fat Sheep were in good supplv, 231 S having been penivd. Demand was fairlv good, and prices showed a range of 7s 9d to lis per head. On account of Messrs Little Bn.t e\% E j st>, Shand, ami Telford, we disposed of 613, at from 6s 3-1 to 10s, last week's prices baing about sustained. We quote, as then fully l|d p?r lb f)V prime mutton. Fat Lambs.—4Bß were offered. We cold a draft on account of Messrs Shand and others at from 6s 3d to 7s 4d ani turned our about 100. Prices aboir the sa ue as last week. Store Sheep.—The demand for young sheop, both merinos and crosshreds continues very active, ai.d much in excess of ihe sup]) 1 )'. Wool. —Continued favourable advices from the London market have made hoid.TS very firm, and such transactions as have transpired show late prices well maintained. We purpose holding our No 5 sale at the Otago Wool Stoics on Monday next, the Bth instant. Sheepskins. — We cleared a catalogue at our weekly sale on Mon lay at very sat : sfastor.y prices, especially for longwooled skins morinos and crossbeds fetching up to 4s lOd each, and pelts up to Is sd. * Hides. —Market continues well supported at previous quotations. Tallow is in request. Grain. —Inquiry is becoming somewhat more active, without, however, any noticeable alteration in quotations.

MEEIING OF CREDITORS. A meeting of creditors, which was called together i>y Mr JEhrrop, storekeeper, Temnka, is a sign of the bad times. At the meeting, held in Mr Gray's rooms, a large number of creditors were present. _ The estate mowed Unsecured liabilities, £3,451 Gs 6.1 ; assets, £3,307 5s Id, the former consisting chiefly of claims by the retiring partner, £2.106 14s ; Bing, Harris and Co, £260 9s ; Butterworth Brothers, £.127 10s lOd ; Robs, Glendhiing and Co., £lO3 2s 2d ; Sargood and Sons. £ll2 2s ; Neill Brothers, £lO5 13s 7d ; Hogg and Sutton, £93 5s lid ; and a number of smnller creditors. The assets consisted of —Drapery Lll9O, boots and shoes L2OO, groceries L 330, ironmongery and crockery L3OO, book debts L7OO, bills receivable L7B Bs, shop furniture, sheds, etc, Ll2O, cash on hand LSO. and a number of odds and ends. Mr llarrop agreed to assign the estate to his creditors. It was re solved to appoint Messrs Gill (of Bing, Harris and Co.) and K. F. Gray trustees. A resolution was passed to the effect that the trustees may allow debtor furniture to the value of LSO. Mr Austin, solicitor, was instructed to draw up a deed of assignment, and the meeting, for completing the .same, will be held in Temuka. It is to be hoped that some arrangement will be made for canwing on the business, as in the case of Messrs Wilson and Sons retiring from business, and others on the eve of selling out. A good openmg will be provided for a new-comer entering upon another man's labours.