COMMERCIAL.

Temuka Leader, Issue 1186, 3 June 1884, Page 3

COMMERCIAL.

AUCTIONEERS' REPORTS,

TIMA.RU. Messrs Maclean and Stewart report for the past week ending Saturday as follows : Horses—For to-day's market 35 draught and light harness horses were entered for sale. They have to report: but littl* difference in the demand or in prices from last week's sale. They placed about one half of the lots entered at from £2O to to £27 for good draughts, £l4 to £lB for medium classes ; hacks, from £6 to £l4. Sheep—They have had no auction sales during the week of store sheep, and as prices have receded considerably during the last few weeks, but f«w good lots are now offered, owners preferring to keep their stock now till shearing rather than sell at the present ruling rates. They have an enquiry for good store crossbred e wes. Fat sheep—Present value of mutton may be quoted at from 2jd to 2£d per lb, at which quotations they have sold a few small lo!a.

Cattle—They have an enquiry for good lines of young cattle, but they regxet to eay prices for these are low, and do not at all repay the breeder. They havo'had no sales since their last report. Fat cattle are worth about 17s 6d per 1001 b.

CHRIS TOHTJRCH CORIT EXCHANGE

The Corn Exchange report for the week ending Friday evening, the 30th inst :

The week just ended has not shown any improvement in the price of wheat. The Home market is still low, and producers this seas in cannot hope to..da-more - than barely repay themselves for their outlay. During the last eleven years wheat has only twice reached the low prioe of 3s, namely, in 1875 and 1879, but this year we are afraid it may be a little lower. Speculators are chary of purchasing, and in the face of unfavorable advices from England prefer shipping on farmers' account. We hops, however, that a chauge may take place shortly, but at the present time prices offered by buyers are so low as to preclude much business being done, especially in the lower grades. Good sound samples or Pearl and Hunter's white mett with some little attention.for intercolonial trade. We are glad to report favorably as regards oats. This cereal is firm and prices are well maintained at last week's quotations. Barley : Prime malting, is also firm, and commands a ready sale, but very few really good samples are offering. Medium qualities are Dot very eagerly sought after, but inferior lots are coming into request for feed purposes. There has been a fair amount of business done in peap, Prussian Blue* being most enquired for. Beans are low, and if a favorable report were received from England, owners would in numerous instances, prefer to ship Home rather at the prices now offering. There has been little or nothing done in grass seeds. Bright, clonn samples of cocksfoot can be readily placed, as there are still a few orders unexecuted, while transactions in rye will lie unimportant till the spring sowing. Potaloes continue to show a most undesirable declination in vain*. Former quotations are difficult to maintain, but growers for the most part prefer pitting in anticipation of a reaction. Dairy produce shows much the same choracteristicß as last week. Cheese ho'ds to former values, while butter is, as usual, quite beyond the prescience of buyers, having experienced a drop of about 2d per lb. Quotations as follows ,—. Wheat Dry and sound Tuscan and Pearl, 2d ; Hunter's, 3s Id ; rejected lots and seconds, from 2n3dto2sSd f.o.b.

Oats--Bright milling, 2s 4d ; good short feed, 2s 2d to 2s 3d f.o.b. Barley —Primp, 3s 9d to 4s ; second quality, 33 to 3s 6d ; feed, 2s to 2s 2<i. Peas—Sound samples Prussian Bliifs, 3s 6d f.o.b. ; grey peas, 2s 9d lo 3>, Ohristchurcb or f,o.b. Beans—3s f.o,b, Potatoes—27s 6d at country stations within twelve miles, Butter and Cheese-8d to 9d for the former and 4Jd and 5d for the latter.

AUSTRALIAN MARKETS, ' Sydney, May 30, New? Zealand wheat per bushel !is worth 3s lOd; New Zealand oats, 2s 9d; maize, 4s 6d. Adelaide, May, 16. Wheat is worth 4s, the market being quiet, and quotations nominal. Flour —Town brands, £9 5s to £9 10s ; country do, £8 5s to £8 10s. ENGLISH MARKETS. London, May 27. At the .wool auction to-day 11,700 bales were offered. A better demand for all descriptions was experienced. The withdrawals since the openingseries now amount to 24,000 bales.. Sales have been adjourned to June 4th for the holidays, May 29. The markets for colonial breadstuffs and tallow are without change. At the hides auction to-day, Australian heavy weights were in good demand, but light weights sold at to lower. May 80. Colonial breadstuffs—Adelaide wheat, ex store, 41s ; Adelaide flour, ex store, 28a ; New Zealand wheat, ex store, 35a to 40s, Tallow, Australian, fair average quality—Beef, 36s ; mutton, 38s 6d. May 31, Prime New Zealand mutton is now selling at s^d. The third series ot colonial wool auctions will commence on August 12th, and the fourth series on November 10th.

The New Zealand Loan and Mercantile Agency Company, hare received the following cable from their London branch, dated 27th May, 1884 : Wool—Markflt unchanged. Up to date 240,000 bale* have been sold ; ]30,0C0 bales have been taken for export. Wheat—Market quiet. Adelaide is worth 41s, and N«w Zealand 39s per 496 lbs ; Tuscan, 41 ; Adelaide, f.a.q., is worth c.i.f. to arrive, 40s per 4801bs. Tallow—Beef is in demand at 37s per cwt., and mutton is neglected at the same figure. Leather—Market firm ; best sides are worth ll£d per lh. Frozen meat—Market sluggish ; mutton weighing. 70lbs to 75lbs per carcase is worth per lb.