COMMERCIAL.

Temuka Leader, Issue 1332, 25 April 1885, Page 3

COMMERCIAL.

PRODUCE MARKETS. TIMARU. The New Zealand Loan and Mercantile Agency Company report as follows : Wheat—Wheat is now coming to hand freely, and as the trade is not operating the "bulk is going into store. Farmers who shipped Home last year having lost rather heavily, are not inclined to risk the wheat again in the present state of the London market. The condition of the graio, so far, is, as we anticipated, good. The mills are only buying for present requirements, and are giving the preference to samples oE velvet. Prime red chttff is now worth, 2s 9d to 23 lid ; velvet and Tuscan, 2s lOd to 3s f.0.b.; while medium to good may be quoted at Id to 2d per bushel lower. Fowl wheat is in request, but deliveries to date have been small.

Oats—Discolored oats in considerable quantity are being forced on the market and prices for these have fallen considerably. We hear of sever-il parcels Laving been sold at Is 4d on trucks, Timaru. Good bright samples continue in demand, and fetch fair values. Since our last report we have placed several lots at from le 6Jd to Is lOd f.0.b., the former being the lowest price we have yet accepted. There are very few enquiries for milling sorts, and quotations are nominal. Barley—Good samples are being enquired for, but little is as yet coming to hand. Our opening grain sale of the present season will be held at Studholme Junction next month, and we shall then submit some large parcels of prime malting barley. DUNEDIN. Wheat Quotations: Prime milling velvet and Tuscan, 3s 3d to 3s 4d (500 bushels Tuscan have been sold at 33 4d to 3s 4£d); red straw and red chaff, 3s to 3s 3d; medium quality, 2s 9d to 2s lOd; inferior and fowl feed, 2s to 2s 6d. Oats—There is a steady demand, but at rates a shade lower than last quotations. Prime milling brings la 8d tols9d--occa-sional very prime samples £d more ; short bright feed, Is 7sd to Is B|d; other sorts, Is 6d to Is 7d ; but for long varieties and Danish the demand is very dull. J. H. Kilgour, grain and produce broker, reports under date April 22 as follows: Wheat.—The little animation consequent on the advance in price cabled from London has now subsided and the market is quiet, millers being inclined to buy only sparingly. I quote velvet and Tuscan, of prime milling quality, at 3s 2d tc 3< 4d ; other milling sorts, 3s to 3s Id. Fowl feed, which is scarce, 2s 3d to 2« 7d. Oats—There is a fair demand for shipment, bat arrivals are quite up to requirements. I quote bright short feed, Is 8d to Is B£d ; milling, Is 9d to Is 9|d; inferior and long oats, Is 6'i to Is 7<i. | Barley,—The demand continues good for prime malting quality at from 3s 6d to 3a 9d ; but inferior quality is slow of sale. I have inquiry for feed parcels at 2s 3d to 2s 6d. Ohnff-Prices are about the same as quoted last week—v ; z., £2 17s 6d to £3 per ton, bags extra or returnable. Potatoes.—The supply is rather in excess of the demand which is only local, and the best price goiug is £2 10s, Butter— 8d per lb for prime salted, in kegs. Egg 3 _ Very scarce, at Is 9d to Is lOd per dozeD. SIEMOTJRNE. The following in reference to Melbourne markets is extracted from the commercial article of the Argus of the 15th inst. j—"Wheat—A good demand is experienced for wheat, and buyers seem anxious to operate, Holders up to the present have met buyers, but notwithstanding the large quantities sold, there are still in* quiries unsatisfied, Shippers are diespoiied to operate to & moderate extent, put

unless freights continue low, they will be unable to do so. There is no doubt that the English market continues excited and unsettled, but actual orders received for execution are not so high as the prices quoted. Millers and speculative buyers are still in the market, and make (he market firm, while supplies from the country are falling off. Actual transactions reported to-day cover 17,000 bags at 3s 10|d per bushel. We are advised of sales of small parcels (ex station), at 38 9d to 3s JLOd. It will be seen from the above that it is more difficult to obtain large lines than small ones. Oats have been in moderate demand. New Zealand oats are offering more freely (and holders are disposing of fair quantities (duty paid) at 2s 8d to 2s Bsd for fair feed. This, no doubt, has been caused partially by the condition of the oats, and also by the fact that shipments are being made more freely from New Zealand."

CHRISTOHURCH CORN EXCHANGE,

The Corn Exchange report for the week ending Friday evening, the 24th inst.:— The wheat market, since our last report has experienced a good deal of fluctuation. In the early part of the week now under review, prices firmed considerably for prime milling lines, but the time that the advance existed being so very short, sellers had little opportunity to do business. Later cables of a more peaceful nature coming to hand caused prices to recede. As we write late news indicates renewed complications between England and Russia which should have a hardening tendency, but buyers seem disinclined to operate uutil more reliable news is received. Prime milling cannot be quoted to-day at over 2s 8d to 2s lOd ; second quality, according to condition, 2s 3d to 2s 6d; chick wheat remains at Is 9d to 2s, f.o.b. Oats—Prime milling are firm at Is lOd ; short bright feed Is 9d ; discoloured and long teed, Is 4d to Is 6d. Tartarian seed lsßd tols9d, f.o.b. Birley—A few buyers are still prepared to buy prime malting at 3s 6d to 3s 9d; second quality is hard to quit at 2s 9d to 3s 3d ; feed ranges from Is 9d to 2s, in Christchurch.

Peas—Prussian Blues, hand threshed, 3s 6d ; feed, 2a 3d to 2s 6d. Beans—2s 8d to 2s 9d, f.o.b. Grass seed is fairly saleable for farmers' well-cleaned parcels, 2s 6d to 3s ; machine dressed, 3s 9d to 4s, f.o.b ; cocksfoot is weaker : heavy bright seed we quote at 3Jd, and slightly discolourod at 2d to 2sd, f.0.b., Lyttelton. Potatoes—Derwents have opened at 30s to 32s 6d, within a radius of 12 miles of Chiistchurch.

Dairy Produce—Butter, 9d to IOd; Cheese, 4d to 4|d.

CHRISTCHURCH STOCK MARKETS.

At the Addington yards on Wednesday last large entries of stock were yarded. Attendance of buyers hardly an average one, and business flsit. Fat sheepquality from indifferent to first-rates—-demand very dull, late low values ruling. Crossbred wethers, from 10s 9d to 15s 6d; crossbred ewes, 8s to 12s 6d; merino wethsrs, 5s 9d to 10s 3d, being at the rate of If d to 2d per lb ; the latter price for picked quality. In the store sheep market, a large number of aged sheep were penned, which were mostly sold at low vales ; a line of 2-tooth mixad crossbreds at 10s 6d ; ditto ewes 10s Bd, and and a line of longwool lambs at 8s Bd, were the principal sales. In the store cattle market a slightly improved demand was apparent, lines of good cattle being moved off at late values. Three-year-old bullocks £4 to £4 12s 6d ; ditto heifers, £3 iOd to £4 ; two-year-old steers, £3 to £3 ss; yearlings, 15s (o 25s per head. Good cows on point of calving sell well at from £6 to £lO. A large entry of pigs met with a somewhat easier demand, at a reduction on late rates. The fat cattle market opened very late, the principal portion having been sold privately. At auction a poor demand and low rates.—Press.

DUNEDIN MARKETS.

At the Burnside Yards on Wednesday 204 head of cattle were yarded, and a Blight improvement was noticeable in the bidding and the prices realised. Best fat bullocks brought from £8 to £9 10s; medium, £5 to £7 153 ; cows, £3 to £7 10s. Messrs Wright, Stephenson, and Co. sold for Mr James Guild (Trevenna) 6 prime bullocks at from £8 5s to £8 12s 6d, and for Mr P. McShane (Geraldine flat) 6 cows at £5 12s 6d. Sheep—There were 3334 yarded. Best crossbreds brought 14s 6d to 16s; quarterbacks, lis to;i2s 3d; others, 88 6d to 14s; merinos, 5s to Bs. Mr L. Maclean sold ffor Mr M.. Quinn (Temuka) 130 crossbreds at frcm 12s 6d to 13s, and Mr D. Stronach for Mr Ackroyd 65 mixed at 14s 6d. Fat lambs brought from 7s to 12s. 1000 full-mouth merinos sold at 7s. There is very little doing in store theep. Twenty Leicester Stud rams sold at £4 43 each. Sheepskins--Dry crossbreds, low to medium, brought Is 5d to 3s 6d ; full wool, 3s 9d to 4s 9d ; do merinos, low to medium, Is 3d to 3s 3d ; full wool do, 3s 6d to 4s 9d ; green crossbred pelts, 2s Id to 3s 6d ; do merino, Is 6d to 2s 4d ; dry and inferior pelts, 5d to Is Id ; lambskins, good, 2s to 2s 9d ; inferior, Is to Is 6d.

AUSTRALIAN MARKETS.

Melbourne, April 23, The Melbourne Manager of the National Mortgage and Agency Company of New Zealand, Limited, reports on the local markets as follows : Shipping wheat is decidedly firmer at 3s 10« i to 3* lid ; malting harley, dull of sale at 3< 9d to 4s 6d. New Zealand oats, fpi-ding sorts, are slightly im I proved iu tendency, 2s 9d to 3s ; New Zealand milling oats are iu good demand at 3s Id to 3s 2d ; New Zealand oats under bond, 2s 2d to 2s •«..'. Ryegrass seed, 3s 6d to is 6d,

ENGLISH MARJTETS.

L('NPO< ; April 22. Three per cent, coneoh have fallen \ since yesterday, and are uiw 95^. Breadstuffs, tallow, % ad hides are at last prices,