COMMERCIAL.

Temuka Leader, Issue 1318, 21 March 1885, Page 3

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE

The Corn Exchange report for the week ending Friday evening, the 20th inst.:—

The experience of the past week in the grain market has proved conclusively that the prognostications in reregard to sprouted wheat have been too amply verified. The number of samples damaged by the late rains brought in quite depress buyers, who fear to purchase for shipment, dreading the disputes and rejections certain to ensue from the foregoing cause. Other cereals, owing to earlier ripening, have scarcely suffered so much, although a large percentage has met the same fate. Altogether the prospects of farmers are not as bright in this province' as could be wished. Values to date are fairly well maintained, and the following quotations are the ruling prices : Wheat—Prime milling, 2s 6d to 2s 9d ; fowl feed. Is 9d to 2s, f.o.b. Oats—Milling, Is lid ; short feed, Is 9d to Is 10d j long oats, Is 7d to Is Bd, t.o.b. Barley—Malting, 3s fid to 4s ; feed, Is 9d to 2s, in Christchurch. Grass Seed—Farmers’ parcels rye, 2s 9d to 3s; machine-dressed, 3s 9d to 4s f.o.b. ; cocksfoot, bright, 3d to inferior samples, 2d to 2£d, f.o.b. Hairy Produce—Dull. Batter, fid to 7d ; cheese, 4d to per lb, f.o.b.

CHRISTCHURCH STOCK MARKETS,

At the Addington Yards on Wednesday, large entries of sheep and small entries of cattle were yarded for the day’s market, and attendance was more than an average one. The fat sheep comprised drafts of excellent quality crossbredl, which sold to an improved demand; medium weights and quality unaltered. Crossbreds sold at from 11s 6d to I7s 6d, merino wethers 8s 6d to 11s, an average price of 2d per lb ruling. In the store sheep market a large supply of all descriptions offered ; business not altogether buoyant, several being passed unsold. Lambs sold at from 6s to 6s 9d, crossbred wethers 9s 6d to 11s 3d, as per age and condition, ewes from 8» to lls and 12s. The fat lamb market was a small one, prices from 6s 6d to 9s 6d per head. A small entry of pigs met with a good demand at late rates. Fat cattle market—A small entry. No alteration in values. The store cattle market only very moderately supplied, and but little doing.—Press.

DUNEDIN STOCK MARKETS.

At the Burnside Yards on Wednesday 328 head ot fat cattle were yarded ; a large proportion good to prime, the balance medium and inferior. In a few instances, but only for prime beasts, were last week’s prices nearly obtained. Best bullocks brought £8 10s to £lO 5s (only one pen at the latter price) ; others, £4 to £8 ; cows, £3 10s to £7. Beef—Ordinary, 15s per IQOibs ; good to prime, 17e to 20 a . Fat Calves—l7s 6d to 255.

Fat Sheep—l72o came forward, of which 233 were merinos (good quality), the balance crossbreds (medium to prime). Competition was exceedingly

brisk for all prime qualities at an advance of from Is to 2s per head on last week’s rates. Medium quality and aged crossbred ewes wore, however, difficult to place at about late quotations. Best crossbreds brought 13s to 16s ; medium, 9s to 12s 9d ; merinos, 8s to 11s 6d. Mniton, 2d per lb. Fat Lamb. s . —152 penned. For best quality there was brisk competition, and an advance in prices ; but there were a number of small and inferior forward, which brought about last week’s rates, the range being from 6s 9d to lls 3d.

Sheepskins. —Dry crossbreds, low to medium, brought Is 7d to 2s 9d ; do full-wool, 3s to 4s 8d ; dry merinos, low to medium, Is 9d to 2s 9d ; fullwool do, 3s to 4a 10.1 ; dry and inferior pelts, Id to lOd ; green crossbred, 15d to 2ld ;do merinos, 15d to 19d ; lambskins, 12d to 20d. Hides meet ready, sale at late quotations, particularly heavy weights. Quotations—l|d to 2d per lb for light ; medium, 3|d to 3f;i ; heavy, 4d to 4|d, Tallow Some large linos have changed hands during the week, but stocks are still heavy and difficult to quit. Good to prime brings 24s to 255; medium, 21s to 235; inferior, 38s to 20s ; rough fat, 14s to 16s per cwt.

DUNEDIN PRODUCE MARKET,

Wheat—Only a very limited quality of the new crop in the market as yet. Millers are anxiously awaiting arrivals of new, but present enquiries are confined to kinds such as white velvet and Tuscan, for mixing. Buyers are shy in buying per sample, although a few sales have been effected, but there will be no regularity in, or standard of, prices until threshing has been more general and growers are in a position to deliver. Choice samples of new are quoted at 3s to 3s 4d ; prime old (of which little is left in first hands), 3s 2d to 3s srl ; medium, 3s; fowls’ feed, scarce and in demand, at Is 9d to 2s 6d, Oats—New crop is coming to band daily, of which prime samples of short feed and heavy milling have been sold at Is lo|d to 2s; for Danish, long, or discolored, there is no demand. For old, suitable for feed, there is a slightly better local demand, but at reduced rates —viz,: Bright feed, Is 9d to Is lid ; discolored and inferior, Is 6d to Is 8d per bushel. Barley—Sales have, been made of new bright malting at 3s 3d (bags extra) ; feed, 2s, Potatoes —Market bare ; all stocks of kidneys have been cleared off. New arrivals, Deiwents, bring 65s to 70s per ton.

ENGLISH MARKETS.

London, March 17,

The second series of colonial woo) auctions opened to-day in the presence of a good attendance of Horae and foreign buyers. The opening catalogue comprised 7400 bales, and the tone of the sale generally was active. Prices for faulty scoured was rather weaker, and for crossbred strong. The present auctions close on April 18tb. The total quantity available for the sale is 235,000 bales.

March 18

Colonial breadstuff*—Adelaide wheat, ex store, remains at 86s 6d ; New Zealand, 28s to 32s ; Adelaide flour, ex store, 25s 6cl, Australian tallow, average quality— Beef, 32s ; mutton, 335.

Wool—A quiet tone prevailed at today’s sales. The catalogue comprised 9300 bales.

The New Zealand Loan and Mercantile Agency Company have received the following telegram from London, dated 17th inst. “ The wool sales opened on the 17th inst., at the level of last sales, except for crossbreds, which are firmer, and for faulty scoured medium and inferior greasy, and medium and inferior clothing washed, for all of which sorts the market is easier. The sales comprise about 200,000 bales. 32,000 bales have been sent to the manufacturing districts direcl. Wheat reports are favorable concerning the growing crops here. Adelaide is worth 36s 6d, and New Zealand 32s per 4961b5; Tuscan ditto, 34s 6d do; Adelaide, f.a,q., is worth, c.i.f off coast, 35s 6d per 4a9lbs.