COMMERCIAL.

Temuka Leader, Issue 1400, 3 October 1885, Page 3

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE The Corn Exchange reports for the week ending Friday evening, the 2nd inst. : The week now under review closed with a better tone in the grain trade, orders for shipment coming to hand freely, and reasonable freights offering has assisted business transactions. The English market also shows a {slight advance for wheat to arrive, while the quantity afloat is visibly decreasing. Prime wheat, Hunter’s and pearl, command attention, millers being prepared to extend their limit to prevent it going oto the hands of shippers. The chief inquiry for Tuscan is for shipment ; second quality, dry and fit for sea voyage, has purchasers at quotations. The market is bare of chick wheat, any parcels offering being readily taken up. Oats, heavy bright short, are asked for to complete intercolonial orders. Feed lines are quiet, but firm/ Barley is steadily going off, but reduced prices have had to be accepted in order to obtain a quittance. Peas are only wanted in small lots for seed, while beans could be shipped at quoted rates, but holders are disinclined to operate. The dry weather has greatly interfered with the sale of grass seeds, but bright heavy cocksfoot is wanted for the London market. Potatoes have suffered a decline • late Sydney cables report the market as glutted and weak at £3. This is to be attributed to the large arrivals during the past week. It is a moot question whether the market will again recover itself this season. There is little dairy produce offering. Butter has fallen in price in Sydney. The following are quotations for the week : Wheat.—Prime Hunter’s and pearl, 3a 2d to 3s 3d ; Tuscan, 3a to 3s Id ; second quality, 2a fid to 2a 9d ; chick wheat (dry and whole), 2s 2d to 2s 4d, f.o.b. Oats, —Bright heavy short, 2s let to 2a 2d ; slightly discolored, Is lOd to la lid ; inferior, Is fid to la Bd, f.o.b. Barley.—Prime malting, Bs to 3s 31 ; second quality, 2s fid to 2s 9d : feed, Is 9d to 2a, f.o.b. Peas—Feed, 2s 9d to 3s; seed, 4a to 4s fid, f.o.b. Beans—2s fid to 2s Bd, f.o.b. Rye-grass—Machine-dressed, 4s 61 to 4s 9d ; farmers’ parcels, 3s 3d lo 8a 9d, f. o. b. Cocksfoot—Bright heavy seed, 3|d to 3sd ; bright, 3|l ; dark, 2d to 2£d, f.o.b. Potatoes—Der vents, nominal, f.o.b. Dairy Produce—Prune butter (in tubs), 8d to 9d ; second quality, fid to fid.

Ohi'i se (s■ n •> 1 ’ Fhap"), (Gd ; medium, sid ; large, -U 1, f.o.b. "Tin- above are prices paid lo fa iinc-re, CURISTCIIUROE SIOCK MARKETS. At the Addington yards on Wednesday moderately largo entries of all kinds of stock were yarded j an average attendance of buyer 3. The entry of fat cattle was principally made up of medium quality. Thi' dcin md no' very keen, sales made at about last week’s values. Stems £G to £8 17s 6d, heifers £4 10s to £B, fat cows £4 2s 61 to £8 15s, being from 20s to 22s 6d per 1001 bas per quality. A large entry of fat sheep yarded, more than enough for requirements ; sale consequently dull, and values lower. Crossbred wethers from 14s to l?s 9d, shorn wethers 10s 3d to 13s 9d, merino wethers 10s 6d to 13s Gd, and very prime sorts 16s 3d per head. A larger entry of store sheep penned than of late, but little inquiry. A moderate supply of store cattle yarded, a fair amount of business done. A small supply of pigs met with a dull market. Fat lambs were in good supply, and sales were made at from 8s to 13s 6d.

Messrs H. Matson and Co, sold ,on account of Mr Postlethwaite, lialfbred wethers at 14s and 14s 3d ; on account of the Pareora Estate, crossbred ewes at 13s 9rl. The N.Z. Loan and Mercantile Agency Co. sold for Mr A. M. Clark, on account of the Arowheuua Estate, excellent crossbreds at 16s 9d each.

ASHBURTON LIVE STOCK MARKET. Messrs Matson, Cor and Co. report upon the live stock market for the Ashburton district for the week ending September 29, as follows ; —On Tuesday, at the Ashburton Yards, we held our usual weekly sale of sheep, cattle and pigs. The weather still continues most unfavorable for all description of stock, and in consequence a large yarding was not expected, as most farmers require a good rain to start their feed. The attendance of farmers was moderate. In fat sheep there was a fair entry ; crossbred wethers realising from 12s 9d lo 13s 3d ; merino wethers from 8s 6d to 10s 3d. We quote mutton at a shade under per lb. In fat cattle there was the smallest entry we have seen this rear, but the large supply of last week will keep our local butchers well supplied for another week. In store cattle there was a fair entry ; cows, in profit, from £2 16s lo £5 ; store heifers, £2 Is to £3 10s ; yearlings, £1 Is.

DUNEDIN STOCK MARKETS

At the Burnside Yards on Wednesday the following business was transacted - Eat Cattle,—l92 yarded—a short supply, but leading buyers having the command of the market prices were unequal. Bullocks, £7 to £l3 ; cows, from £3 10s to £9 10s, The quality was very uneven. Best cattle were fully 2s Gd per 1001 b under ordinary, and prices ranged from 22s 6d to 30s per 1001 b. Messrs Wright, Stephenson and (Jo., report having sold 94 head as follows On account of Mr P. Wareing (Ternuka), 13 bullocks at an average of £lO per head. Fat sheep.—l99l penned, including about 300 merinos. The crossbreds were about up to the average, hut there were a few pens of exceptional merinos and crossbreds, which induced competition from the leading butchers. Prices of last week were scarcely maintained, but the tone of the market shows that even a temporary contraction of supplies would materially affect the quotations. Mutton, 2£d per lb. Messrs Wright, Stephenson, and Co. sold on account of Mr John Douglas (\Vailio Downs), 120 crossbred ewes at from 12s 9d to 13s ; on account of N.Z. and A. Land Company (Pareora Estate), 108 crossbred ewes at from 13s 3d to 13s 9d. Donald, Reid and Co. sold for Mr John Allan (Bellfield), 121 crossbreds at 13s 31 to 14s 9d; L. McLean sold for Mr M. Studholme (Waimafe Estate) 75 shorn crossbred wethers at 10s Gd, and 87 shorn merinos at 6s 9d. Lambs.-—Anything good brings high rates —up to 12s 6d ; but no line can be drawn indicating values. Pigs.—326 yarded ; proved quite beyond requirements, ill sorts and sizes showing a further reduction. Bacon pigs -sold at 20s to 375; stores, 11s to 18s; suckers, 4s to 10s. Horse Market.—Messrs Wright Stephenson, end Co. report : We held our weekly sale ou Saturday last as usual. A large number of country horses, both draughts and light harness kinds, came forward, and under good competition all changed hands at satisfactory prices. We note a good demand for fresh young horses, both heavy draughts and light harness sorts. We quote first-class draughts at from £23 to £2B ; medium £l4 to £2O ; first-class hacks and light harness horses, £lB to £25, medium, £l2 to £l6 ; inferior, £3 to £7.

DUNEDIN PRODUCE MARKETS.

The following is the report tor the week ending Ihursday : Wheat. —The market continues about the same as last week, but millers buy only sparingly. Prime lots of Tuscan and white velvet at 3s 3d to 3s 41 ; other milling sorts, 2s 10d to 3s Id. Fowl feed and inferior milling are still in short supply, and fetch 2-s G I to 2s Bd. Oats. —Prices have dropped in the Australian markets, shipping buyers show less inclination to operate, hut prices are nominally the same ae quoted last week, viz. ;-2s Id for milling, 2s for bright short feed, and la 9d to Is 10J for ordinary. Barley-The demand is quiet for all descriptions, prices nominally 3s to 3s 3d for malting, and 2s to 2s 6d for feed and milling. Chaff, —Prime quality, £3 2s 6d to £3 5s ; ordinary, £3. Potatoes—£4 tor prime Derwents. Butter —Fresh is now coming to hand more plentifully. Sales at 3s to Is Id for prime, and lOd for medium. Cheese—sd per lb for best quality. Eggs—Supplies have been pretty full, and the price to-day is Bd. Grass Seed —4. s9d to 5s for|well-dressed parcels of ryegrass, and 4d to 4| per lb for coclsfoot.

AUSTRALIAN MAKKETS. Melbourne, Sept. 30. 'llio Manager of the National Mudgage and Agency Company of New Zealand (Limited), reports on the local produce market as follows : Shipping wheat has a slightly improved tendency, and is now at 4s Id to 4s 2d per bushel. Malting barley is neg'ected at 3s 9d to feed sorts are du 1 ! at 2s lid to 3s ; milling are quiet at 3s id to 8s 2d ;

New Zealand oats nmirr bond, 2s 2d to 2s 4d.

ENGLISH MARKETS. London, Sept. 30. Wool—At' (0-day’s auction 11,000 bales were catalogued. The toue of the market was firm.