COMMERCIAL.

Temuka Leader, Issue 1473, 27 February 1886, Page 3

COMMERCIAL.

TIMARU MARKETS

Deliveries of new grain commenced with the opening of the week, both by rail and road, but were chiifly confined to feed oats, of which the market is rather bare. Quotations are ‘.—Milling wheat, red chaff, 3s; velvet and Tuscan, 3a 2d. Milling oats, Is lid ; short feed, Is lOd ; leng feed, la 9J.

CHRISTCHURCH CORN EXCHANGE

The Corn Exchange reports for Hie week ending Friday evening, the 26tb February ;

The past has been an uneventful week in the trade. Prices quoted last week have been fully confirmed by the sales of the week. The weather has been all could be desired for threshing operations, and delivery by rail has been very heavy. A large proportion, however, has gone into store on owners’ account. Prime well-grown wheat has a speculative demand at 3s 3d to 3s 4d, and thin parcels are more difficult to quit at 3s to 3s Id. Chick wheat is saleable at 2s 6d to 2s Bd. Milling oats are offering freely, and prices have not advanced beyond those quoted last week—viz. : milling, 2s 2d ; short feed, 2a to 2s Id ; Tartar, Is lid to 2s ; light feed, Is lOd to Is lid. Barley has been offering freely, and sales have been made at 3s to 3s 3d, while extra prime bold lines would command 3s 6d to 3s 7d. Beans are not offering, but in Blue Prussians considerable business has transpired, and up to 3s lOd has been paid for hand-threshed true to name, while ordinary lines average 3s 3d to 3s 6d. Ryegrass is strong in demand, but there is a feeling that prices will ease off as soon as present orders are well in hand. Farmers’ parcels fetch 3s 9d to 4s 6d; machine-dressed, with a bare market, ss. Cocksfoot—Clean heavy seed has a ready sale up to 4|d, while foggy and inferior grades are hard to quit at 3|d. Dairy produce has plenty of buyers, for prime tub butter up to Cheese is in plentiful supply, at for loaf-shape 6d to 6jd ; medium size, s|d ; large, 4|d to sd. The above are prices paid to farmers and delivered f. o.b. Lyttelton.

CHRISTCHURCH STOCK MARKETS,

At the Addington yards on Wednesday fairly large entries of stock were yarded for tho day’s supply, and the attendance of the usual habitues was somewhat above the average. Fat cattle were in good supply, from fair to good quality. The demand was dull and a slow sale took place. Little or no alterations in values are to be recorded. Stoers sold at £5 12s 6d to £7 15s ; heifers from £4 17s 6d to £6 12s 6d ; fat cows from £4 5a to £6 15s, being from 17s to 18s fid per lOOlbs, as per the qualty offered. A good number of fat sheep were yarded, merino wethers forming a good proportion ; the demand was again quits local, and no improvement in prices can be recorded. Crossbred wethers sold at from 7s 9d to 10s; crossbred ewes, 5s to 8s; merino wethers, 3s 6d to 7s per head. A very limited number of store sheep were yarded, and sales were confined to two lines, viz., a pen of crossbred ewes at 3s, and a line of lambs at 3s. Fat lambs were in good supply ; prices ranged from 3s to 7s per head. The entry of pigs was a small one; demand very quiet and prices lew. In the store cattle market a small number were yarded ; demand only middling. A line of fresh-conditioned three-year-old steers sold at £4 10s per head, and a line of heifers at £3. Dairy stock, a small entry ; demand a pretty good one. _____

DUNEDIN PRODUCE MARKETS,

The following is the report for the week ending Wednesday : Wheat—The n/arket having been pretty well cleaned oilt pending the arrival of new crop, transactions for the past week have been small. Prices for recent sales have been well upheld. We quote fine milling 3s 7d to 3s 9d ; useful do, 3s fid, and with a bare market ; fowla’ wheat, 3s to 3s 4d for whole and dry, Is 9d to 2s 6d for seconds and very inferior. Oats — Although the outside demand has been very limited, prices for bright heavy feed and milling have been firmly maintained -indeed, nearly all available has been taken up by speculators at 2s 2d, to 2s 4d ; inferior, musty, etc., are in rather full supply, and to clear off some lots held over, Is to Is lid has been accepted.

Barley—No new offered in this market. Several lines of old have been placed at 2s 4d to 2s 8d for feeding purposes. Ryegrass Seed—There has been a considerable amount of speculative demacd/: all offered having been sold at advanced rates, —D. Reid and Co. sold 6250 bushels at, for farmers’ dressed, 4s to 4s 9d, bags extra.

Potatoes —Derwents are now preferred to kidneys, and may be quoted at £3 15s to £4; kidneys, fresh, £3 10s ; inferior and stale, £2 to £3. Chaff -£3 12s 6d for best quality, and £3 5s for ordinary. Butter— Fresh, lOd per lb; salt, B£d to 9d. Cheese is in active demand at 6d for best quality. .... Eg ; a—Demand has slackened with the increase in price, sales being slow at Is sd.

Sheepskins—The catalogue this week was made up by country lota and a few small parcels from locsl butchers. Bidding all through was about the same as last week, with a slight improvement in values, Oros-breds-. fetched Is Id to 3s 4d ; meriuos, la, to 3s Id ; pellß, 2d to la J lambskins, tfd to la sa.

Hides—No improvement in values to r p'u i, although there are outside buyers of extra heavy lots. Best heavy, free from cuts and offid, weighing all round over 651 b, 3|d to 4d ; ethers, sound and dry, 3d to 3£d ; inferior, slippy, cut, and otherwise damaged, 2d to 2|d. Tallow —Prices here are again showing a reduction, best rendered only fetching £l4 to £18; medium, £l2 to £33 ; inferior, £lO to £ll 15s ; and rough fat, 9a to lie for best, 5a to 8s for inforioi.

DUNEDIN STOCK MARKETS. At the Burnside Yards on Tues day the following business was trans acted :

Fat Cattle—2s6 head were yarded. Full half were prime bullocks, and the rest useful quality, chiefly light-weights. The supply proved rather more than were required by the trade, prices ruling 10s to 20s lower than at last week’s sales. Bollocks sold at £5 7s 6d to £8 10s -a couple of pens extra heavy to £lO 5s ; cows, £3 7a 6d to £7 2s 6d.—Messrs Wright, Stephenson and Co. sold for Mr Alex. Thomson (Kakanui), 19 bullocks at from £6 to £lO, and 3 very prime cows at from £6 17s 6d to £7 37s 6d. —Mr L. Maclean sold for Mr M. Studholme (Wairnate Estate), 7 cows at £ 7 17s 6d to £8 30s.— Mr Donald Stronach sold for Mr A. M. Clark (Temuka), 31 bullocks at from £7 37a 6d to £lO Is. Fat Sheep—The supply consisted of 450 merino wethers, in fair condition, and 2163 crossbreds, the greater part of them ewes, which were in but little demand, while a few pens of wethers sold at rather over last week’s quotations. Crossbred wethers sold at 7s 9d to 9s 3d ; do ewes, 5s ts 7s 9d ; merino wethers, 4s to hs 9d ; do ewes, 2s 9d to 3s 6d.— Messrs Donald Reid and Co. sold for Mr J. Newlands (Makikihi), 124 half bred wethers at 8a 6d to 8a 9d.—Messrs Wright, Stephenson and Co. sold for Mr Win, Grant (Tituaru) 125 prime halfbred wethers at from 9s to 9s 3d ; and for the N.Z. and A. Land Co. (Levels Estate), 136 crossbred ewes at from 6s 3d to 7s.— Mr L. Maclean sold for Mr W. Grant (Timaru), 64 crossbred wethers from 9s to 9s 6d (top price) ; for Mr W. M’Leod (Waimate), 65 crossbred wethers from 7s 3d to 8s 9d ; and for Mr M, Studholme (Waimate Estate), 140 crossbred ewes at 6s 3d. Fat Lambs—674 penned, all in good condition. Prices all round were rather easier, best selling at 5s to 6s 6d ; others, 3s 6d to 4s 9d.

Pigs—ll 7 yarded, nearly all porkers. The sale was rather brisker than of late, with an improvement in values.—Messrs Wright, Stephenson and Co. sold bacon pigs at from 30s to 40s ; porkers at from 20s to 27a; and stores at from 4s to 12s 6d.

Horses—Messrs Wright, Stephenson, and Co. report as follows : —We held our weekly sale on last Saturday as usual. The supply was a large one, but as it consisted chiefly of medium and inferior horses (both light and heavy), only a moderate business was done at low prices. We quote first-class daaughts at from £23 to £2B; medium, £l4 to £2O ; first-class hacks and light-harness horses, £lB to £25 ; medium, £9 to £ls ; inferior, £2 to £6. AUSTRALIAN MARKETS.

Melbourne, Feb. 25. The Melbourne Manager of the National Mortgage and Agency Company of New Zealand (Limited) reports on the local markets as follows : bhipping wheat, 4s 2d, strong ; New Zealand oats, feed, 2s 9d to 3s 3d, no material change, if anything weaker; do milling, 3s Id to 3s 3d, quieter ; do under bond, 2s 3d to 2s 5d ; ryegrass, 4s to ss, fair demand ; cocksfoot, 4|d to sd, moderate enquiry.

Messrs Goldsborongh and Co. report;— Wheat has advanced fully 2d per bushel during the month, and the market is strong with some difficulty in supplying the demand at 4s to 4s Id per bushel. Oats—Large supplies have come forward, and tho price for all superior descriptions has ruled firm, with inferior parcels difficult to sell at declining rates, quotations being from 2s 8d to 2a 9d for fair to medium, up to 3s to 3s Id for stout and milling sorts.

ENGLISH MARKETS,

London, Feb. 23. Colonial breadstuffs—Adelaide wheat ex store is worth 36s ; New Zealand, 25s to 345, according to grade ; Adelaide flour, 24s 6d. Australian tallow—Beef, fair average quality, 25s 6d per cwt; mutton, 265. Feb. 24. Sugar is firmer in value.