COMMERCIAL.

Temuka Leader, Issue 1485, 27 March 1886, Page 3

COMMERCIAL.

TIMARU MARKETS,

Quotations are Wheat ; Prime milling, Tuscan and velvet, 3a 4d to 3s 5d ; red chaff, 3s 2d. Oats } Milling, 3s; long feed, is 9d to Is lOd, Barley : Malting, 3s.

CHRISTCHURCH CORN EXCHANGE

The Corn Exchange reports for the week ending Friday evening, the 26tb March :

There has been a weakening tendency in the grain market during the past few days, partly on account of several large orders being completed, and partly on account of unfavorable cables from London, but we do not anticipate that it will be more than temporary. Tuscan wheat, which was selling on Saturday last at 3s 6d, cannot now be quoted at more than 3s sd, while Hunter’s and pearl are dull at 3a 4d. Shrivelled parcels command 3* to 3s 2d ; broken second are wanted at 2s 9d to 2s lid, Oats have been inactive at last week’s quotations. Barley has had a fair passing business in good to prime malting, at prices ranging from 3s 2d to 3s 3d, up to 3a 6d.for extra prime. Feeding lines are selling at 2s. Beans have been offered freely at from 2a 8d to 2s lOd, but business has not been extensile. Blue peas still command up to 4s for hand-threshed ; feed kinds, 3s to 3s 3d. Grass seed is quiet. Machine-dressed ranges from 5s to 5s 6d ; farmers’ parcels, 3s to 4s 6d. Cocksfoot is very weak, 3£d to 3|d being the average price, with little business doing. Derwent potatoes have been selling at £2 for delivery off the forks, but the majority of growers do not feel inclined to sell at this price. Dairy produce continues active at last quotations. The above prices are for delivery f.o.b. Lyttelton.

CHRISTCHURCH STOCK MARKETS,

At tbs Addington Yards on Wednesday largo entries of stock were yarded for the day’s supply with a good attendance of the usual habitues, but no increase in values in any class of stock could be noticed. Fat cattle A large entry, some very good quality offering, demand rather quiet. No alteration in late values, viz , 17s to 18s per JOOlbs as per quality. Sales as follow ; —Steers, from £5 £5 to 4,7 7s 6d, and for very heavy weights, £8 12s 6d ; heifers, £4 10s to £6 6s; fat cows, £3 17s 6d to £slss. Fat sheep —The best quality were not in heavy supply, and the few on offer realised somewhat better prices than of late ; medium and inferior showed no alteration. Sales of crossbred wethers, 7s to 9s 3d ; ditto ewes, 5s 3d to 7s 6d ; merino wethers, 4s to 5s 9d per head, being 1 d to l|d per lb, according to the quality. Store Sheep —These were not in such heavy supply as last week ; values remain unaltered. Most-lines were, however, cleared at ruling rates. Lines of lambs sold at 3s and 3s 4d per head ; crossbred ewes, from 2s 8d to 4s per head; merino ewes, 10d to Is 6d per head. Fat Lambs—A fairly numerous entry, from 2a 6d to 6s 9d per head. Store Cattle— Only a moderate entry, demand slow, no alteration to note in values. Lines of 3-year-old steers sold at £4 10s; ditto heifers, £3 15s ; 2-year-olds, from £2 to £2 7s 6d; yesrlings and calves, from 6s 6d to 20s. Dairy stock were in fair supply, demand continues good, cows < near calving ranged from £5 to £B. Pigs—A small entry, no alteration in values.

DUNEDIN PRODUCE MARKETS.

The following is the report for the week ending Wednesday Wheat—There ie not as yet much of the new crop forward, and during the past week there has beeu but little business done in this cereal. Millers are not buying freely, and shippers are not oflerprices up to vendors’ ideas of values. Prime milling is worth from 3s 5d to 3s 6d ; medium, 3s 3d to 3s 4d ; inferior and fowls’ wheat, 2a 6d to 3s 2d. Oats—The new crop is now coming forward freely ; but as shippers are only buying small parcels, and the local demand being very slight, sales for the past week are only on a limited scale. Prime milling and bright feed fatch 2s; medium la lOd to Is lid ; inferior, Is 6d to Is 9d.

Barley—The new crop is coming forward slowly, and there is little business doing. It is as yet difficult to say what prices are to be. Chaff—Best, £3 12s 6d ; medium, £3 5s to £3 7s 6d. Potatoes—Sales have been at £4 ss. Grass Seed—Ryegrass is saleable at 4i to 4s 6d ; cocksfoot, quiet at 4d t« 4jd per lb. Butter— Fresh, plentiful at 9d to 9£d ; salt is short at 9d to 9£d. Cheese—Best quality, 6d to 6|d. Eggs, very scarce at (say) Is 4d.

DUNEDIN STOCK MARKETS,

At the Burnside Yards on Wednesday the following business was transacted :• —

Fat Cattle —A rathershort supply was yarded to-day--viz,, ISrhead, the greater portion consisting of medium quality, Competition was slack, and value* slightly lower. Best bullocks brought from £8 5» to £9 10s ; medium, £5 15a to £8 ; light, £3 10s to £5 ss.— Mr L. Maclean sold for Messrs M'Goverin and Hardie (Waimate), 12 prime bullocks from £7 5s to £9 10a (top price of the market); for Mr M. Studholme (Waimate Estate), 7 heifers from £6 5s to £7 10s ; for Mr W. Quinn (Makikiki), 6 prime bullocks from £7 12a 6d to £8 10s. Sheep—The number penned was 1802 of which 350 were merinos—the balance crossbreds, ranging from medium to prim* quality. Prices barely reached values ruling last week, and but for the fact that graziers bought freely, a further reduction would have had to be accepted to effect sales. Best crossbred wethers brought from 7% to 8s 9d ; best crossbred

ewes, 7s to 8s; medium, 3s to 6a 6rl ; merino .vetheia, 2s 9d to 4s 6d.-—Mr L. Maclean sold for Mr M, Studholme (Waimate Estate), 139 halfbred ewes from 6s 9d to 7s ; for Mr Janies M‘llwrick (Makikihi), 60 crossbreds at 7s ; for Messrs H. R. and J. E. Parker (Elephant Hill), 40 crossbreds at 7« 6d, and 26 merinos at 5s 6d ; for Mr A. Carter (Makikihi), 30 mixed crossbreds at Bs. Messrs Wright, Stephenson and Co, sold for Mr E. J. Pardew (Wairnate), 30 crossbreds at ; for N.Z. and A. Land Co. (Levels Estate), 65 crossbreds at Cs 9d ; on account of Mr W. Hartnell (Rakaia), 120 crossbred ewes at from 6s 6d to 7« 3d; on account of Blue Cliffs Estate (per Mr A. E. Cox), 120 crossbreds at 7s.—Mr Donald Stronach sold for Mr A. Boyle (Makikihi), 62 crossbred wethers at 6s 9d to Te 9d,

Fat Lambs—lo 49 offered, fully half of these being stores, the balance good to prime. Competition for best pons was brisk, and brought prices up to 7« 6d. Medium and inferior quality was dull of sale, being chiefly taken by graziers, at prices ranging from 3s to 4s 6d.—Mr L. Maclean sold for Mr A. Carter (Makikihi), 35 at 6s 3d.

Store Sheep—A demand exists for young crossbreds ; young merinos, also, are being inquired after ; old sheep are, however, unsaleable at almost any price. Pigs—l 67 were offered. There was a better demand for medium-weight bacon pigs, also for porkers. Heavy baconers, of which there were several pens offered, brought low prices. Suckers were almost unsalable. Heavy weight baconers brought from 50s to 60s ; medium do., 28s lo 40s ; porkers, 15s to 235; suckers and slips, 2s to ss.

Horse Market Messrs Wright, Stephenson and Co, report as follows : For young heavy draughts, if thoroughly staunch, there is a good demand at quotations. Medium draughts and light-harness horses are not in much request. We piote first-class draughts at from £23 to £3O; medium, £l4 to £2O ; first-class hacks and light-harness horses, £lB to £25 ; medium, £lO to £l4 ; inferior, £3 to £B.

ENGLISH MARKETS.

London, March 23. At the wool sales to-day 10,000 bales were catalogued, of winch nearly a third was from New South Wales. There was « Pull attendance, and the bidding was keen. The prices realised were slightly' in buyers’ faver, except among crossbred sorts.

The second series of wool auctions opened to-day. There was a good attendance of Home and foreign buyers. 10,300 bales were submitted to competition, but the market was only weak in tone, especially in merino wools. The number of bales available is 270,000. Sales close on 21st April. March 25.

Atto-day’* wool sales there were catalogued 12,000 bales. The market re mains quiet.

The New Zealand Loan and Mercancantile Agency Company, Limited, have received the following cablegram from their London office, dated London, March 23rd, 1886 : Wool- The salea opened to-day, scarcely at the level of last series. For medium and inferior greasy the market is easier. Market for crossbred is unchanged. The attendance of both Home and foreign buyers is fair. Home buyers are purchasing freely, but Continental demand is limited. The opening catalogue contained 10,000 bales. The sales comprise 246,060 bales ; 50,000 bales have been sent to the manufacturing districts direct.