COMMERCIAL.

Temuka Leader, Issue 1155, 22 March 1884, Page 3

COMMERCIAL.

TIMAEU MARKETS, Quotations—Milling wheat, 3s to 3s 2d ; fowl do, Is 6d to 2s ; milling oats, Is 9d to Is lOd ; feed do, Is 7d to is 8d ; malting barley, 3s to 3s Gd. DUNEDIN MARKETS. Mr L. Maclean, under arrangements with the British and New Zealand Mortgage and Agency Company, Limited, reports for the week ending March 19th as follows ; Fat Cattle.—A very large supply was forward to day—viz., 331 head, about one-half of which were prime and the balance fair to good quality. The markets for the last few weeks being

fully supplied, and a number of the trade having stocks on hand from private sales, competition was languid, and a reduction of from 20s to 25s per head had to b accepted as compared with last week’s prices. In several cases lots were turned out unsold, but where sales were effected this fall in price was the result. Prime bullocks brought from £7 to £9 10s ; fair to good, £4 10s to £6 15s ; cows from £3 10s to £6 ss. Fat calves sold from 10s to 265.

Fat Sheep.—A full supply was penned —viz., 2678, of which 314 were merinos, and the balance (2364) cross-breds. The number proved in excess of trade requirements, and throughout the sales a reduction of from Is 6d to 2s per head had to be accepted, and unless several lines had been taken by graziers a larger reduction would have taken place. Crossbreds brought from 10s 6d to 15s 9d ; merinos, 6s 6d to 11s 6d, Fat Farabs.—2B2 were penned and sold with good competition at from, 6s to 11s 6d.

Fat Pigs.—Only 76 were yarded, and sold from 15s to 72s each.

Sheepskins.—At my weekly sale on Monday last the following prices were obtained :—Butchers’ pelts brought from Is 5d to Is 7d ; lambskins, 8d to Is 6d ; dry crossbreds, Is 6d to 3s 6d ; do merino 3s Bd,

Store Cattle—There is little business doing at present, and so far I have no transactions to report. Store Sheep—The demand is principally for young merino ewes. During the week I have sold 1000 merino ewes and wethers and 1200 lambs at satisfactory prices. Hides. —I have placed all lots to hand at prices equal to those recently ruling, and find no difficulty in placing consignments.

Tallow.—For shipment and local purposes there is a good demand, and lots meet with ready sale. Grain.—Wheat: Last week I have had considerable lots under oiler of the new crop, but at the present time millers are disinclined to buy heavily. My sales have been : 4000 bushels prime Tuscan and red chaff: at 4s, and other descriptions (consisting of 200 bushels) at 3s lOd — bags in each case included. Fowl feed is little inquired for. Oats : There are inquiries for short bright lots for shipment, but stocks on hand are bare. I quote prime milling, 2s Id ; feed Is lid to 2s ; inferior and medium, Is 8d to Is lOd—bags included. Barley ; I have no parcels of the new crop yet to hand. OHEISTOHUECH COEN EXCHANGE. The Corn Exchange report for the week ending Friday evening, the 21st inst : From a business point of view it may be said that the past week, “as far as grain and produce is concerned,” has been about the most uneventful one experienced for many years at this particular season. The languid tone of the market may be fairly put down to the whole energy of the producers being diverted from legitimate business to the universal effort put forth to bring the Government to a sense of the injustice it has thought fit to indulge in at the expense of the farmers, and until something definite has been decided on by the Executive, we may look forward to a period of extreme depression in the grain trade. It is to be hoped that the pressure of public opinion will have due weight, and that we shall be in a position to report more favourably|nest week, In the meantime buyers, being fully determined that they at any rate will not- contribute any portion of the t*x, are offering such prices as will clear them of the same. Quotations are merely nominal, and may be taken as follows ;

Wheat— 3s 6d, f.0.b,, for best samples of Tuscan ; other sorts, 3s 4d, f.o.b. Oats—best milling 2s Id to 2s 2d, f.0.b. ; short seed, 2s, f.o.b. Barley—A good demand for prime malting at 4s ; second class, 3s Gd to 3s 9d, Christchurch,

Grass seed—Eye, 3s to 3s 6d, with fair inquiry for the better class in parcels fit for shipment. Cocksfoot, 3fd to 3|d, f.0.b., Lyttelton, buyers showing |little disposition to operate at the latter figures. Butter and Cheese—A firm market for the former at 9d to 9|d, Very little business done in the latter, which ia dull of sale at 3id to 4jd. AUSTRALIAN MARKETS. Melbourne, March 19. The Melbourne Manager of the National Mortgage and Agency Company of New Zealand (Limited) reports of the grain market as follows : Wheat, 3s lid to 4s ; malting barley, 4s to 4s 7d. The market for wheat and barley is firmer. New Zealand oats, feeding qualities, are quoted at 2s 4d to 2s 8d ; the market is weaker ; milling sorts are in fair demand at 2s 9d to 2s lid. There is a better demand for New Zealand ohts, under bond, at 2s 3d to 2s 7d. ENGLISH MARKETS. London, March 19. Adelaide wheat remains at 445, ex store, and New Zealand do 36s to 425. Adelaide flour, ex store, is at 30s. Australian tallow, of average quality Beef 37s Gd, mutton 40s 6d.