COMMERCIAL.

Temuka Leader, Issue 1415, 7 November 1885, Page 1

COMMERCIAL.

4» TIMARU MARKETS. From the report on the produce markets of New Zealand, sth November, 1885, by the New Zealand Loan and Mercantile Agency Company, Limited, we make the following extracts regarding the Timaru markets : Wool has commenced, and a few small clips, principally farmers' lots, are coming to hand. No sales have as yet been made. Our opening sale will be held early in December. ; Sheepskins—Our catalogues during the month have been above the average ; country dry skins, particularly merinos, are not so keenly competed for, although prices remain about the samo as last month. Tallow and Fat—The demand is very limited. Since our last report the market i 6 unchanged. Hides—The market keeps steady at late quotations. All coming to hand are placed at current rates, namely, 2£d to 4jd per lb. Wheat —During the past month we have had some much-needed showers of rain, and the result is that the crops throughout the district are looking splendid. A considerable amount of wheat has changed hands lately, and for milling parcels previous quotations have been fully maintained. Our local mills have purchased freely, as and a proof of the suporiority of the patent roller flour, we may mention that, although the mills are working double shifts, they can only just keep pace with the demand. We placed several lines-for velvet, up to 3s 4d ; Tuscan, up to 3s 3d ; red straw, up to 2s lid, and red chaff up to 2s lOd—all ex store. Fowl wheat is in good demand, at up to 2s 3d ex store. The shipments of wheat for the past month have amounted to 2638 ancks. Oats—A fair business has been done lately, and quotations at present are . Danish (good), Is lOd; Tartarians, Is lid; and Canadians, up to |2s ld-ail f.o.b. Nine thousand six hundred and sixty-four sacks wore shipped during the month. Barley—Only a few small lots have changed bands, and late quotations heve been barely maintained. Frozen Meat—The local works are now completed. AlUthe buildings, machinery, nnd necessary fittings being constructed and arranged on most approved plans, they may be pronounced perfect. Operations will commence on the 10th inst., when a cargo of 7000 carcases will be prepared for the Hhip Canterbury, which is expected to sail from this port on the 10th December. CHRISTCHUROH CORN EXCHANGE. The Corn Exchange reports for the week ending Friday evening, the 6th inst. : The depression noted in our last week's report has in no way abated: the same stagnation exists in all our leading lines. Wheat, milling, first and second quality has no speculative business, and orders on hand are limited. Chick wheat, however, still commands ready sale at our quoted rates. Oats have only a moderate enquiry, the quantities offering being in excess of demand. Barley sill renin inn ■ in its abnormal condition, and it is rarely that a line can be quitted, tho buyer usually having the best of the bargain. Peas and beanß are without change, while grass seedß can only be disposed of in small lots. Potatoes are weaker, wi'h few who care to buy; the near approach of the new crops in our adjoining colonies no doubt influences caution. Da ; ry produce has no shipping demand ; prices remain inactive. The following are the quotations for the week : Wheat—Prime milling; (hard sorts), 3s 3d •; Tuscan, 3s Id ; second quality, 2s 7d to 2s lOd ; chick wheat (whole) 2s 3d to 2s 4d. ; Oats—Bright heavy short, la lid to 2s ; slightly discolored short, Is Bdto lslOd ; Dun, Is lid to 2s ; long and inferior kinds, ls6d tolsßd. Barley—Malting, nominal ; feeding, Is 8d to 2«. Beans—2s 6d to 2s Bd. Peas-Seed, 4e ; feed, 2s 7d to 3s. Rye-grass—Machine-dressed, 4s 6d. Cocksfoot—Bright heavy seed, 4d ; discolored, 2d to 2§d. Potatoes—Derwents (including sacks), 45s to 47s 6d. Dairy Produce—Butter : In tubs, prime, 7d to 7£d ; second quality, 41 to 6d. Cheese . Small Inaf shape, 6£d ; medium, s|d ; large, 4d to 4£d. .The above prices' are those paid to farmers, and delivered f.0.b., Lyttelton. CHRISTCHTJRCH STOCK MARKETS. At the Addington yards on Wednesday large entries of fat etook were sent for-

ward for the double market, the attendance of buyers being also qnite Up, to the average. Business began at eight o'clock with the sale of fat cattle,! the quality being oh the whole only moderate. The demand proved fairly brisk, and sales were made at about last week's values--, viz., 20s to 22s per lOOlbs. Steers'sold at from £5 15a to £8 ; heifers £5 2s (3d to £7 10s. The entry of fat sheep comprised lines of superior quality. Shorn sheep : The demand throughout was only middling, late values heiDg unaltered. Shorn crossbreds sold at from 8s 9d to 12sj 6d ; crossbreds in the wool, 14s to 16s 3d ; merino wethers in the wool, 10s JM to 12s 6d ; do shorn 7s to 7s 2d, being about 2£d per lb unshorn, aud Ifd per lb shorn. A large entry of fat lambs yarded prices lower, viz., 53 6d to lis per head, the latter price for exceptional sorts. A moderate entry of store sheep sent to hand ; business dull ; rates unaltered. A. small entry of pigs penned ; for Store* a slight demand shown. A large entry ol store cattle yarded, principally fresh-con-ditioned steers and heifers ; very little business done at auction. CANTERBURY HORSE MARKET. Messrs H. Matson aid Co. report : At Tattersall's on Saturday last w* had a considerable larger entry tha'n for some weeks past, close on 120 horse* being submitted during the day. }>ad<> was much about the same as on thf previous Saturday, i.e., draught stock was in moderate request in comparison to what it was six weeks or two months since, the preference being still givb tr gpldings than mares, Tn light rjorsep the only alteration to note is 'hat Igood sound useful sorts of the right stamp are more and more enquired after; ihe conditions being that they must \ size, substance, youth and b« fairly sound. We are inclined to think thai we can see a slight increase in th> number of this class ot horses coming t< hand, and that the weo.ly rubbish, ol which so large a nun»b«r have done tho turn as hack and harness horses for some years past, have become lees numerous. It may be that the wish is father to ton thought, but if this is not so it is at least.yery much to be desired, j Of our total entry on Saturday about 70 horses changed hands. Tbree-year-nld unbroken cart colts, Ll 4 to Ll 6 ; tighter sorts, LlO to Ll2 ; a line of light unbroken stock from Kelson, tf hi 12s 61 ; pair of ponies, L 33 ; good draughts, Ll 7 to L 25 10s, etc. DUNEDIN PRODUCE MARKETS. , The following is the report for the week ending Thursday : Wheat—The supply of choice samples is extremely limited, and for prime parcels of velvet and Tuscan, 3s 4d to 3s 5d can be obtained readily ; medium to good is worth 3s to 3s 3d ; inferior and fowl feed, 2s 8d to 2s lOd. Oats—A remarkably quiet market. Buyers for export are frequently.hampered by freight exigencies, and cannot operate steadily. Supplies having come forward more freely, nnd the demand less brisk, prices are slightly easier—viz., for best milling, about 2s ; stout bright feed, Is lOd to Is lid ; inferior, Is 4d to Is 8d per bushel. Barley—Business stagnant. Small lots of milling have been placed at 2s 3d to 2s 8d feed do, about 2s. Ryegrass Seed—No transactions to note but purchases could now be made considerably under previous quotations. Potatoes —An entire collapse in tbe market, D«rwents selling at from 30s to 50s per ton. Chaff—£3 5s for beat and £3 for second quality. Butter—Fresh, slow of sale at 6d ; salt, 8d to 91, and demand not active. Cheese—sd to s£d, with an active dr. mnnd for good quality. Eggs—Bd per dozen, up to B£d, »b supplies happen to come in. Sheepskins—Notwithstanding the tower values of wool, competition is brisk for vell-woolled skins in good coDdit'on. Crossbreds bring—for prime up to 4s 3d ; low to medium do Is to 2s 6d ; merinos, piime, to 4s Id ; low to medium, 9d to 2r 3d ; pelts are worth 2d to 9d, lambskins 3d to lid. Hides- -The supply for the week being rather in excess of requirements, the market was slightly in favor of buyers. Prinu;-condit,iooed heavy hides fetch up to 41 , medium, 3£d to 3£d ; inferior and badly-flayed, 2d to 2|d. T a ii ow —Prices, in accord with Home advices, steadily decline ; good to prime brings 16s to 20s ; medium, 13s to 15s ; rough fat, 83 to 12s per c»t. DUNBDIN STOCK MARKETS. At the Burnside Yards on Wednesday the following business was transacted : Fat Cattle—2ll forward. OF these about 40 were indifferent, but the balance included medium to heavy-weights, nearly i all prime beef. On tho whole, although cattle brought nearly last week's values, nnd in some instances over, beef cannot be quoted above late rates. Best bullocks brought fmm £lO to £l2 12s 6d. Beef from 22s 6d to 25s per 1001 b. Messrs Wright, Stevenson and Co., Hold on account of Mr J. Guild (Trevenna), 13 bullocks at from £8 2s 61 to £lllss ; on account of tho New Zealand and Australian Land Company (Levels Estate), 8 bullocks at from £3 15s to £9, and six cows nt from £7 15s to £7 17» 6d ; from Riverslea FB'»tt\ 12 Imllooks at £9 7s 6' l ; on account of MrF. M. Rickman (Wai'mme), 20 cows and heifer* at from £6 19-> to £9 ; from Longbeach Estate, 18 bullockß ut fron £9 to £ll sa. Mr Doni»ld Stronach s-jld

on account of Mr M. Stndholme (Waimate), a number of bullocks at from £9" ! 7a 6d to £lO 10s. ' Fat Sheep—l47o penned—a large proportion shorn. The limited supply last week left the trade ahort, and competition throughout, especially for shorn sheep, whs brisk. Because of the short supply, prices advanced from 2s to 3s per head. Best crossbred wethers ia wool brought up to 19a 9d ; shorn do, to 17s 6d ; medium, 14a to 16a 6d ; merinos, fair quality, shorn, 8s to 9s ; very inferior merinos (in wool) ani a couple of pens of young brought up to 63. Mutton may be quoted in the wool at 3d to 3£d ; shorn to 2£ I per lb. Messrs Wright, Stevenson, and Co, sold for Mr Andrew Grant (i'emuku), 202 shorn crossbred wethers at 15s; for Mr F. M. Rickman (Waimate),! 24 half-bredrShrop-shire Down 3 (shjornjidt iSsSIJ shorn crossbred wethers at 14s, 77 jpjpssbreda (.sliorn) -At; 13s, and 23 shoro merino wethers (small) a,t 10s. Mr.L; Maclean sold fcr Mr M. St'udholme (VVaimate Esta'e), 70 prime shorn crosbbred ewes at 158 6d, and 136 shorn • merinos? at 9s; nod for the New Zealand and Australian Land Company (Pareora: Eatute), 136 shorn crossbred ewes at 12s 9d. fat Lambs. supply. A large proportion could hardly be classed as fit for immediate, trade purposes, and for inferior lots biddings were slack. The range of prices was from 4s to lis. Pigs —357 forward. Messrs Wright, Stephenson and Co. soid 106 at up to 42a for baconers. at from 22a to 28a far porkers, and at from 4a 6d to 12s for suckers. Horse Wright, Stephenson and Co. report: We held our usual sale on Saturday, ffhen there was a keen demand for both medium and very heavy draught geldings provided they were young. Several first-class heavy young geldings changed hands at from £3O to £4O, and a considerable'number of young medium draughts at from £l6 to £25. We quote first-class draughts at from £3O to £35; medium, £l6 to £25; firstclass hacks and light hurneas horßes, £lB to £25 ; medium, £9 to £ls ; light and inferior, £3 to £7. AUSTKALIAN MARKETS. Melbourne, Nov. 5. Messrs Goldaborough and Co. held their usual weekly sale this afternoon. Their rooms were crowded with British, foreign, American/rand local buyers. Biddings throughout were spirited, American buyers being especially noticeable. Five thousand bales were disposed of during the afternoon. Greasy merinos sold up to one shilling and one farthing per lb, and scoured wools up to as much aa|one shilling and fourpshce three farthings. _________ ENGLISH MARKETS. London, Nov. 3. Colonial breadstuffs-Adelaide, wheat, ex store, is at 363, and off-coast 1 35s 9d. Adelaide flour, ex store, is ; wortli 253. New Zealand wheat, ex store; 28* to 34s ; do, off coast, 31s 6d. Tallow—Australian, of fair: average quality, is as follows :—Beef/ 27s ; mutton, 27s 61 per cwt. At the Antwerp wool sales 8000 bales of Australian wool were sold, the prices averaging about a half-penny above London closing rates. Nov. 4. The total stock of tallow in London on the 2nd of this month was 18,600 casks.