COMMERCIAL.

Temuka Leader, Issue 1382, 22 August 1885, Page 3

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE. The Corn Exchange reports for the week "riding Friday evening, the 21st inst, : The week has been noted for excellent weather for farmers completing their winter sowing, and enquiries are now being made for spring sowing seed. The wheat market has hardened, and prime milling is fully one penny higher, while low class second quality is moving into consumption at top chick-wheat prices. Oats are only in a moderate demand, but prices are firm, owing to the small quantities coming forward. There is an enquiry for seed parcels of barley which, however, are easily executed at current figures. Seed pens are in request but the season for feed lines has passed. Beans have a demand for dry lines fit for shipment. Derwent potatoes have risen considerably during the week, on account of favorable cables from Sydney, and this market hae been a good deal bared by large shipments to that market, the freights having been very tempting to shippers. Rye grass is moving awny steadily at quoted rates. Cocksfoot has a demand, but the supply is fully equal to requirements. Dairy produce is exceedingly quiet. The quotations are as follow ; Wheat —Prime milling (Hunter’s and Pearl), 3s ; Tuscan, 2a lOd ; second quality 2s 4d to 2s fid ; chick wheat, 2s Id to 2a 2d, f.o.b. Oats—Milling and short feed, Is 10d; slightly discolored Is 8d ; low grade, Is 6d, f.o.b. Barley—Prime malting, 3s 3d to 3s fid ; second quality, 2s fid to 3s ; feed, Is 9d to 2s, Christchurch. Peas—Seed, 3s fid to 3s 9d; feed, 2s 9d to 3s. Beans—ffeed, 2s fid, f.o.b. Rye Grass —Machine-dressed, 4s fid ; farmers’ parcels, 2s fid to 3s fid, f.o.b. Cocksfoot—Bright heavy seed, 3£d ; discolored, 2d to f o.b. Lyttelton. Potatoes—Derwents, 60s, at country stations. Dairy Produce—Prime butter, in tubs, lid to Is ; second quality, 8d to 9d ; inferior, 4d to fid. Cheese (loaf shape), ssd to filjd ; medium, 4d to 5d ; large, f.o.b. CHRISTCHURCH STOCK MARKETS. At the Addington Yards on Wednesday a small entry of fat cattle, a moderate supply of store cattle, and a large number of sheep were yarded for the day’s supply. The fat cettlo market opened very brisk, the small number on offer sending prices up considerably. The demand, however, seemed to be very quickly supplied,' and before the end of the sales values had returned to their ordinary level, Steers sold at from £5 15a to £9 10s ; heifers, £4 10s to £8 15s ; fat cows, £4 15s to £ll 10s. A large supply of fat aheep were penned, for the most part very good quality ; only a local demand was ahown, and the sale throughout was a dragging one at reduced values. Crossbred wethers sold at from 14s to 21s, a small pen of extra superior quality fetching 26s ; crossbred ewes, 12s to 16s 9d, merino wethers, from 7s fid to 13s, and for a special draft 18s and 19s were paid. Store sheep in larger supply than for some time since ; & fairly good enquiry shown. Sales as follow Full-mouthed merino wethers, fis; merino ewes, in lamb, 8s ; lines of six-tooth crossbred wethers, 14s fid and 14s 9d ; line of crossbred ewes, 8s fid; and a line of merino ewes, in lamb, 5s Id. A moderate supply of pigs sent forward ; unusual enquiry shown ; no alteration in values to record, The demand for store cattle not very good ; very few sales made. CANTERBURY HORSE MARKET. Messrs H. Matson and Co., report ; With reference to our last Saturday’* sale at Tattersall’s, the entry for the day included 84 horses only, a considerable falling off in numbers when compared;with late sales. The few owners, however, who brought forward good stock found a ready clearance for their lots at prices several pounds per head in advance of previous quotations. We may say that the two boats leaving on the evening of sale for Sydney, landing their cargoes in time for the show sales in that city, probably had something to do with the keen demand ; but, although the inducements to ship will not for a time be as tempting, pcihaps, as on this occasion, yet we have reason to believe that trade in Sydney is fairly good, and we feel confident that the supply will fall far short of the demand for some time to come. We would most strongly advise owners of draught stock, broken or unbroken, provided the age and conditon is right, to send forward any lots they may have during the next few weeks anticipating as we do a good demand at satisfactory prices. As a summary of the above remarks, we wish to say that we have seldom seen the immediate prospects of owners of draught stock as good as they are at present, if they will but embrace them and forward their horses. DUNEDIN PRODUCE MARKETS. Wheat.--The market is firmer than for the past four months for really good samples, but holders of these are not disposed to meet local buyers. Prime is worth 3s 4d ; so-called medium, 2s 9d to 2s lid per bushel. Oats.—Prime samples are scarce. It would appear ns if those who hold a good article in hand in any of the cereals are slow to part because of the expectation of better prices. Prime is worth Is lid to 2s ; fair feed, Is 8d to Is lOd per bushel. Potatoes.—Stocks have accumulated during the past week, but prices remain as before—viz , 60s tc 65s for Derwents, and 40s for kidney*. Rye-grass Seed.—Superior lines of machine-dressed are worth up to 4s fid per bushel. Barley.—The market is quiet, malster* being fully supplied, and shipping buyers ▼ill not offer more than 3s fid for malting quality. Feed and milling, 2s to 2a 3d. Chaff.—Prime qualify, well cut, is wanted at £3 ; inlerior is offering freely at £2 5s to £2 10s ; medium, £2 15s. Egg N> _y.i per dozen, witli full supply. Turnips.— lßs fid is best price for Swedes. Butter.—Salt, scarce at IOJd for really prime ; fresh, Is to Is Id. Sheepskins.— Bntclitrs’ green crossbreds were is slightly better demand at from 2s lOd to3s lid ; do merinos, 2s 3d to 2s 5d ; dry crossbreds, Is Id to 3s fid ; do

merinos, lb Id to 2s lOd ; dry pelts, 2d to Is 4d ; lambskins, 7d to 2s. Tallow.—Prims rendeied, 21s to 225, medium, 17s to 20s; inferior, 14s to 16s ; butchers’ routrh fat. 10s to 13s per cwt. DUNEDIN STOCK MARKETS. At the Burnside Yards on Wednesday the following business was transacted : Fat cattle.—l 92 head forward. Prime heavy cattle were competed for by a few of the butchers ; but big-framed, coarse, and gaunt beasts brought low prices. Medium weights were, however, in good demand wherever the quality justified buyers. Mr Donald Stronach sold draft? on account of Mr James Guild (Trevenna), and others, at from £7 5a to £ll for bullocks; and quotes prime beef at 22« fid to 25s ; ordinary, 17» 6d to 20a per 1001 b. —Mr James Macdonald, Washdyke, sold 6 bullocks at from £7 10s to £8 10*. —Messrs Donald Reid and Co. sold for ‘Mr James Guild (Trevenna), 6 prime heavy bullocks at £1 17s fid. Fat Seeep. —3239 yarded, of which about 800 were merinos. The qualiiy was of the bulk good to prime, with a few sensational pens. Buyers were well stocked from previous glutted markets, and were cautious in their bidding, unless for lots that immediately suited their wants, and taking the market as a whole, and considering the quality of the stock offered, there was a decline of fully Is fid per head. Two pens of sheep offered by Mr L. Maclean were exceptional. These sheep were forwarded by Mr L. White, Rakaifl, Canterbury, and as a draft from the same flock was sold a week ago at Christchurch for extraordinary prices much interest was felt in the day’# results. When the first pen of the consignment, crossbreds, were put up tiie competition was very keen, but eventually the lot found a buyer at 20s fid per head. For a pen of merinos, the phenomenal price in Australian markets was given of 25s fid per head. Apart from prime lots competition was dull and irregular, but vendors appear to be assured of their position as some prime sheep were passed in by the salesmen.—Mutton, to 2fd per lb. Fat Lambs.—lßs to 20s each. These were the first of the soasoi. Pigs.—The supply, although moderate, was in excess, and there was a further decline in prices, except for sucking pigs. Bacon pigs were nearly a drug, prime drafts of grain-fed from Messrs Ellis Bros, and Mr M. Studholme’s only fetching from 36s to 425, and in odd cases up to 60s. Capital porkers could be had for from 28s to 345. Horses.—Wright, Stephenson, and Co. quote first-class draughts at from £24 to £3O ; medium, £ls to £2l ; first-class hacks and light harness horses, £lB to £25 ; medium, £lO to £ls; light and inferior, £3 to £7. ENGLISH MARKETS. Loudon, Aug. 18. Colonial breadstuffa —Adelaide wheat, ex store, 35s fid ; do, off-coast, 33s fid ; Adelaide flour, ex store, 25s fid ; New Zealand ivlieat, ex store, 28s to 35s ; offcoast, 31s fid. The New Zealand Loan and Mercantile Agency Company have received the following telegram from London, dated (he 18th inst. : The wool market is unchanged. The wheat market is depressed, owing to favorable market prospects and heavy arrivals. Adelaide is worth 36s ; Now Zealand average quality 335, and New Zealand long-berried 34s fid per 596'bs respectively, Adelaide f.a.q. is worth, off coast, 33s 9d per 4801bs ; ditto to arrive per iron ship on August bill of lading is worth, ci.f., 36s per 480Ibs. The yield of the crops in the Pacific and Eastern Slates of America is below the average by over 25,000,000 quarters (estimated). The tallow market is weak, and quotations arc unchanged. The leather maiket is steady. Best hides are worth per lb. The copper market is firmer, but quotations are unchanged. The New Zealand flax market is steady, and common is worth £l6 10s per ton. Quotations for other qualities unchanged.