COMMERCIAL.

Temuka Leader, Issue 1406, 17 October 1885, Page 3

COMMERCIAL.

TIMARU MARKETS

Wheat—Prime milling red chaff, 2s 9d ; Tuscan, 2s lid ; vslvet, 8s 4d ; fowl wheat, Is 9d to 2s. Oats—Long, la 8d ; short, Is 101 ; discolored, Is 6d. Barley—Malting, 3s ; feed, 2*. The market is almost stagnant, buyers declining to operate at all freely.

CHRISTCHURCH CORN EXCHANGE

The Corn Exchange reports for the week ending Friday evening, the 16th inst. :

The markets have experienced an extremely quiet week. Wheat remains at last week’s quotations, although the cable tells of a slight advance in the Home markets. Oats are easier, owing to a number of parcels being placed on the market for prompt sale, and the requirements for shipping have fallen off. Barley remains dull and inactive—all qualities being difficult to quit. There is no business of note to report in either beans or peas. Ryegrass has a very limited consumption. Bright heavy cocksfoot is eagerly sought after for the English market. The potato market is paralysed, owing to the collapse in the Sydney market. The quotations for the week are as follow ;

Wheat—Prime milling (Hunter’s and Pearl), 3s 3d; Tnscan, 3s Id; second quality, 2s 6d to 2s 9d ; chickwhoat, 2s 2d to 2s 4d.

Oats—Bright heavy sorts, 2a Id ; discolored and inferior, Is 7d to Is lOd. Barley—Malting, 3s to 3s 3d ; second quality, 2s 6d to 2s 9d ; feed sorts, la lOd to 2s.

Peas—Feed, 3s ; seed, 4s to 4s 6d. Beans, 2s 6d to 2s Bd, Ryegrass—Machine-dressed, 4s 6d ; farmers’ parcels, 3s to 3s 3d. Cocksfoot—Bright, heavy, 3|d to 4d ; discolored, 2jd to 2^d,

Potatoes, 35s—at country stations

Dairy Produce—Butifer : prime, 8d ; second quality, 4d to 6d. Cheese ; small, loaf shape, 6-|d ; medium, s£d ; large, 41 to 4£d. The above prices are those paid to farmers, and delivered f.o.b.

CHRISTCHURCH STOCK MARKETS

At the Addington yards on Wednesday a large entry of all kinds of stock was yarded. A moderate attendance of buyers. An exceedingly good entry of fat cattle —more than sufficient for the day’s requirements. Sales were made at u reduction on late ruling values. Steers sold at from £6 2s Od to £10; heifers, £5 to £7 7s 6d, being from 20s to 22a per lOOlbs, according to quality. An average supply of fat sheep came forward. The demand was dull, and a dragging sale at lower rates. Crossbred wethers in wool sold at from 13s to 17s 6d ; ditto shorn, lls 9d ; merino wethers from 11s 3d to 14 s —being for mutton in wool 2jd per lb, shorn l|d. The few store sheep entered met with next to no demand. A small entry of pigs sold at late low rates, Fat lambs were in moderate supply, selling at from 8s to 11s 61 per head. A large supply of store cattle were yarded at auction. The enquiry seemed almost nil, but privately most lines changed hands at late rates.

CANTERBURY HORSE MARKET.

Messrs H. Matson and Co. report ; At Tattersall’s on Saturday last our entry for the day’s sale comprised 80 horses, made up of the usual assortment of hack and light harness horses, draughts, unbroken colts, etc. Of our entries we had a fair quittance, over fifty horaeSj out of the total number offered

changing hands. With reference to values wo canied record any improvement, the most enquiry, as at I lie previous sale, existing tor draught geldings for shipment at fairly good prices. Just now, however, we have one or two buyers for good draught mures, and if the right sort are scut forward, % e,. good, well-grown, heavy-boned mares, and not too old, we have no doubt hut that we could place them to advantage. Other oUssaa are unaltered in prices and demand,’the enquiry for first-class upstanding hack and harness horses being still in excess of the supply,

DUNEDIN STOCK MARKETS

At the Burnside Yards on Wednes day the following business was trans acted ;

Fat Cattle—lß3 forward, the greater proportion really good beef, with a few pens of prime heavy bullocks. Competition was brisk, at a shade over last week’s rates, although prices were so uneven that no quotable change can be noted. Best bullocks brought £9 to £l3 17s Sd—a few beasts up to £l3; others, £5 12s 6d to £8 10s; cows, £4 to £8 15s. Beef, medium, 22s 6d to 25s per 3001 f) ; prime to 27s 6d. Messrs Wright, Stephenson and Co. sold for N.Z. and Australian Land Co. (Levels Estate), 12 bullocks at from £9 7s fid to £ll 7s fid ; for Mr John Grigg (of Longbeach Estate), 20 bullocks at from £lO to £ll 15s.

Calves—There was little competion for anything like veal, and prices were accordingly low, ranging from 4s fid to 265,

Fat Sheep—lß72 penned, of which about 550 were merinos and the balance crossbreds, witli a considerable proportion shorn. Of the latter, Mr Studholme’s sheep were especially noticeable for condition and evenness. A pen of crossbred Southdowns was briskly i competed for, mid brought a long price—viz., 19s 6d, Owing to the short supply, bidding was brisk throughout the sale at an advance of Gd to Is per head over last week’s rates. Best crossbreds in wool brought from 14s Od to 17s 3d ; medium do, 11s 61 to 14s; prime merinos, up to 16s; do inferior to medium, Cs Cd to 11s 3d. Shorn crossbred wethers brought 10s 9>l to 13s 3d ; do ewes, 10s 6d to 10s 91. Mutton, 2£d to per lb. Wright, Stephenson, and Go, sold for Mr John Douglas (Waihoa Downs Estate) 112 crossbred wethers at 15s 3d, and CO crossbred ewes, maidens, at 14s. Pigs- 222 penned. Prices still continue unprecedentedly low. Messrs Wright, Stephenson and Go. sold 111 at from 28s to 41s for bacon pigs ; 20s to 25s for porkers ; and from 15s to 20s for stores.

Horses—Messrs Wright, Stephenson, and Co. report ; —At our weekly sale on Saturday there was a full attendance cf buyers, particularly for heavy draughts (young). Several first-class geldings changed hands at from £25 to £34. Wo quote first-class draughts at from £25 t© £33; medium, £lB to £24; first-class hacks and light harness horses, £l6 to £25 ; medium, £lO to £l4 ; inferior, £4 to £7.

DUNEDIN PRODUCE MARKETS

Wheat. —The demand for good to prime parcels has been more active daring the week than for sometime past, and millers are disposed to treat for both immediate and future delivery. Medium milling lots are also in request at advanced rates, and inferior and fowl feed have hardened in price. Prime milling Tuscan and velvet is worth 3s 4|d ts 3s s£d ; superior, 3s to 3a 3d ; inferior (scarce), 2» 8d to 2s lid, Oats.—The tone of the market is leas firm. Prime parcels of milling and best feed are in demand, at from 2s to 2s Id ; short bright feed, la lid to 2*; Danish and long in good condiiion, Is 10d to is lid ; inferior, Is 6d to Is Bd. Barley—There is nothing doing. Prices nominally 3j to 5s 3d for malting, and 2s to 2s 8d for feed and milling.

Ryegrass—Seed is in much better request. Machine-dressed is worth 4s 6d to 5s ; farmers’ lots bring 3a 9d, 4s 4s 2d, and from old pasture 4s 6d per bushel. Potatoes.—New Kidneys from the North affect prices, and Derwents now bring £3 7* 6d to £3 32s 6d. Chaff,—£3 5s for best quality, and £3 for ordinary.

Butter —Prices are nominally same as quoted last week, but the demand is not so active.

Cheese—sd per lb for best quality

Sheepskins—There is no alteration to note in values. At Monday’s sales dry brossbreds brought lOd to 3s ; do merinos, Is to 2s 9d ; dry pelts, 2d to 9d ; butchers’ green crossbreds, 2» 8d to 3s lid ; do merinos, 2s 8d to 3s 9d ; lambskins, 3d to Bd.

Hides—There is an active demand for all offering at late quotations—viz., 2d to 24d for inferior amt slippy ; light, 3d ; medium, 3£d to 3£d ; heavy weights, scarce, 3fd to 4Jd. Tallow— The market still continues inert. Shippers are not disposed to operate at prices asked, and the local demand is limited to present requirements. Quntotions are :—For inferior and mixed, 14s to 16- ; good to prime, 17s to 20s: rough fat, 8s to 11s.

AUSTRALIAN MARKETS.

Melbourne, Oct. 15. The New Zealand Loan and Mercantile Agency Company, Limited, held their opening wool sales for the coming season this afternoon, when the salerooms were crowded with buyers, including, as well as colonial buyers, representatives from Great Britain, the Continent, and the United States. The catalogue, which comprised 2100 bales (of which ICOO was sold), elicited spirited bidding throughout, and prices compare favorably with those obtained at the recent London sales. Greasy merinos show an average decline compared with last year’s prices of from 15 to 20 per cent., according to quality, inferior and fan ty sorts Ruffling the greatest diminution. Crossbreds had hut very little enquu-y, and were generally about a penny lower than last, year, while some qualities declined twopence halfpenny. Greasy wools, both merino and crossbred, sold at un to eightpence threefarthings, and scoured wools fetched as high as two shillings and twopence per pound.

ENGLISH MARKETS. London, Oct, 12. Adelaide wheat, ex store, has advanced to 37».

Tlio New 7i r I jo- n mill Moreau canlile Ag n Company, Limited, have received the' following cablegram from their London office, dated London, Oct. 18, 1885 Wool Combing washed has advanced £d peril) since close of last sales. Wheat—The tone of the market is firm. Adelaide wheat is worth 37a 6d ; Now Zealand averages 335, and New Zealand long-berried 35s Gd per 4961b*. Adelaide wheat, in arrive in iron ship, is worth, c.i.f., 37s GJ per 4801b3, October bill of lading. Tallow— There is a fair trade demand. Good mutton tallow is worth 27s Gd per cwt, and good beef 27*. Leather—Market firm. Best sides are worth ll|d per lb. Frozen Meat— Market steady. New Zealand mutton, of 651bs to 701bs per carcase, is worth 4|d per lb.