COMMERCIAL.

Temuka Leader, Issue 1561, 25 September 1886, Page 3

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE. The Corn Exchange reports for the week ending Friday evening, the 24th in«t. ; Farmers are especially busy completing their spring wheat sowing, consequently there has been a gool demand for small quantities of seed Tuscan. Business in the grain trade is very quiet, no grain arriving from the country districts. All orders coming to hand have to be drawn from store parcels, which are now gradually becoming smaller. Wheat is firm, and outside requirements are difficult to execute on account of the extreme values put on by holders. Any decent lines offering are quietly taken up at 4s fid for pearl and Tuscan, the former being in most request, and 4s 4d for Hunters. Second quality varies from 4s to 4s 2d, and chicken wheat is still scarce at 3s 8d to 3s lOi.

Oats—The market is more steady. Milling are low in stock at 2s fid. Stout feed have been selling at 2s 3d, but holders are not anxious to quit, anticipating an improved demand, and Danish and Tartars command 2s Id to 2s 2d.

Barley—The malting season will soon he over, and buyers feel indisposed to increase their stock. Prime malting is out of the market and inferior is quiet at 2s 8d to 2s lOd. Feeding lines have not been over brisk at 2s 4d to 2s fid. Beans and Peas have no business to report and prices are unaltered. Grass Seeds have had slightly a better trade, but prices have not improved, as holders anxious to reduce stocks, it being generally understood that a good deal of seeding down will be postponed until autumn. Machine-dressed is being sold at fis to 5s 6d, and farmers’ parcels at 3s 9d to 4s 6d.

Cocksfoot is quiet. Clean heavy seed is wanted for shipment at up to 4£d, but other grades are neglected. Potatoes are offering in large quantities, and buyers are few and independent, only caring to execute orders. A large quantity has been shipped to.'Sydney during the past few weeks, but there are still heavy stocks for disposal, and growers are disposed to sell at 40s at country stations. Dairy produce is quiet, and prices are unaltered. The above prices (potatoes excepted) are for delivery f.o.b. Lyttelt >n. CHRISTCHURCH STOCK MARKETS. At the Addington "Sards on Wednesday, not a heavy entry of fat stock yarded, but store cattle and sheep were sent forward in large numbers. The attendance of buyers was rather a numerous one, and the weather very fine and conductive to business. Fat Oattlo—-The local supply was again augmented by a draft of about 30 bullocks from the North Island, which, though heavy weights and of good quality, ware far surpassed by a line of steers from a local grazier. The demand was pretty keen, and all lines were quitted at values about on a par with last waek’s sales for heavy weights. Cattle of lighter weights were in small supply, and sold better than the heavier sorts. Sales were as follow Steers, from £7 5s to £ls; heifers, from £6 to £8 7a 6d, being from 22a to 24a per 1001 b, according to weight and qu«lity. Store Cattle—A large entry of all sorts and descriptions and a fairly good attendance of gn ziers. A good proportion of the entry changed bauds, tuough not a few lines failed to obtain purchasers. Upgrown cattle sold better than young stock, and steers better than heifers. Three-year-old cattle sold up to £5 2a 6d ; two-year-olds, from 52a 6d to 65s ; yearlings, 22s to 28s. There was only a small supply of dairy stock and business was rather dull. Fat Sheep A moderate entry, a large proportion being merino wethers; demand confined to local requiiements, and not very heavy. were about on a par with those of last week, perhaps a shade better. Crossbred, wethers sold at from 12a 6d to 16s 3d ; do merino wethers, from 8s 9d to 13* 3d, being an average of about 2£d per lb. Store Sheep—A greatly improved entry ; demand pretty fair, especially and principally for young sheep. Sales were as follows :—Lines of hoggets at from 7s to 8s 6d ; lines of crossbred wethers at 8s ; a line of 2 and 4-tooth mixed sexes at 10s, and a line of 4-tooth halfbreds at 10s 6d. Fat Lambs—Quite a large number of fat lambs on offer; quality very varied; values ranged from 5s 6d to 14s per head. Pigs—A moderate entry, demand middling, values a shade better ; porkers sold at from 14s to 25s per head, stores from 7s to 12a 9d.

DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday : Wheat—The quantity of really prime wheat now offering is limited, and prices continue firm and a fair demand at last week’s quotations, at which sales to a moderate extent could be made readily. Inferior quality h«8 been in better supply during the week, but as the demand lor this also continues active, quotations are unaltered, Prime milling velvet and Tuscan, 4s 9d to 4s lOd— superior lots a shade more : good to prime red wheat, 4s 8d to 4s 9d ; other sorts—fair to good, 4a fid to 4s 7d ; ordinary, 4s 4d to 4s fid ; inferior and fowls’ wheat, 3s 9d to 4s 3d. Oats—The market is without change, many holders still continuing firm in expectation of higher prices asked. Business is almost at a standstill. Local millers sre buying sparingly, and are not disposed to give 2s 4d for best milling. Prime milling are held for 2s 4d to 2s fid ; best bright short feed, 2s 2d to 2s 8d ; medium, 2s to 2a l£d ; inferior, la lOd to 2s ; long Tartarian, 2s 4d to 2a 81. Barley—A small demand for malting exists, but without improvement ia prices. Prime malting, 3s; milling, 2a 8d to 2s lOd ; feed, 2s fid to 2s 7d. Ryegrass— Medium, undressed, 3s 9d to 4s 3d ; good to prime, off old pasture, 4s fid to sa; machine-dressed, 5s 3d to 5s 61 ; prime lots to 5s 9d. Cocksfoot-Small parcels change bands at prices ranging from 4£d to fid per lb. Potatoes—The market is overstocked. Prime fresh picked Derwenls may be quoted at 65s to 60s. Stale and inferior lots at 40a to f)2a fid per ton. Bags I weighed in

(J ft’-Be f oaten sheaf, £5; straw chaff £3-.. £3 ss.

Bob i —Suit is in over-supply at 8d for prime and 6d for pastry ; fresh, lOd to lid for beat mixed lota. Eggs—9d per dozen. Turnips—3la per ton, Carrots—4os per ton,

Sheepskins—On Monday country dry crossbreds, low to medium, brought Is to 3s 6d ; full wool, 3s 9d to ss; dry merinos, low to medium, Is Id to 3s 3d ; fullwool, 3s 6d to 4s 6d ; dry pelts, 2d to 8d ; green crossbreds, 4s 3d to 5s 2d ; do merinos, 4s to 4s 6d.

Hides—lnferior and bulls, l£d to 2d; light, 2£d to 2fd ; medium, 2|d to 3d ; heavy, 3£d. Tallow—lnferior and mixed, 10s to 13s ; medium, 14s to 16s ; good to prime mutton, 17s to 19s ; and very few sales made at the latter price ; rough tat, 6s to 7s ; medium, 8s to 10s ; fresh clean mutton, 11s to 12s per cwt.

DUNEDIN STOCK MARKETS. At the Burnside Yards on Wednesday the following business was transacted Fat Cattle ranging from medium to prime quality. Bidding was rather slack, and excepting for an occasional pen of really prime quality, which biought last week’s rates, prices on the average were lower. Bullocks sold at £5 7s 6d to £l2, for extra heavy ; cows, £4 2s 6d to £9 7s 6d. Fat Sheep—ls7s were penned for the week’s supply, including 230 merino wethers in prime order, while the crossbreds in nearly all cases were prime and heavy weights. There was an improvement in values of say 6d to Is per head. Crossbreds sold at 7s 9d to 15s ; merino wethers, 7s 6d to 12s 6d. —L. Maclean sold for Mr M. Studholme (Waimate estate), 20 shorn crossbred ewes at 9s. Wright, Stephenson, and Co. sold for Mr Andrew Martin (Otaio), 56 crossbred ewes and wethers at from 12s 6d to 13s W.

Fat Lambs Sixty-nine were penned, some of which were rather on the email eide. Best lota sold at 8s to 11a; others, fis 6d to 7s 9d. L. Maclean sold for Mr Studholme (Waimate estate), 20 at 9s 6d to 10s,

Pigs—There was a fair demand for porkers aud baconers, but stores and suckers were dull. Porkers sold at 25s to 355, baconers 36s to 60s, stores fis to 17s each. L. Maclean sold for Mr M. Studholme (Waimate estate), 29 from 29s to 375; and for Mr Jaa. M’Donald (Washdyke), 32 from 29s to 325. Horses—Wiiglit, Stephenson, and Co, quote first-class draughts, from £2O to £25 ; medium, £lO to £ls ; good saddle and light harness horses, £l2 to £lB ; light, £8 to £lO ; weedy, £1 10s to £6. AUSTRALIAN MARKETS. Melbourne, Sept. 8. The Melbourne Manager of the National Mortgage and Agency Company of New Zealand, Limited, reports on the local market as follows : —Shipping wheat is steady at 5s 5d to 5s 6d per bushel ; malting barley, per bushel, 3s 9d to 4s 6d ; New Zealand oats, feed sorts, for which there is moderate enquiry, 8s 8d to 3s 5d ; milling descriptions, in fair demand, 3s 6d to 3s 7>l ; under bond, slow of sale, 2s 6d to 2s 8d per bushel. Messrs Gddsbrough held the opening wool sales of the season before a large attendance of buyers to-day. For all the lots offered there was keen competition. 2000 bales were sold. On an average, greasy merino sold at 9d per lb ; good scoured realised Is 9|-d,

ENGLISH MARKETS. London, Sept. 20. At the auctions to-dny 11,100 bales were offered. The market continues strong.

The animal meeting of the Island .Bay Racing Club having been allowed to lapse, an extraordinary general meeting was held on Thursday night. It appeared from the report that teu months working had produced about 7 per cent profit. The Ohawman, refening to the question of (he Metropolitan Club, said the Island Bay Club had adopted the rules and become the Metropolitan Club bofore the Wellington Racing Club had done so. They had been asked to submit the matter to arbitration, but the Directors would not do anything of the kind. The report and balance-sheet were adopted. A proposition to reduce the Secretary’s salary to £IOO found no supporters, the members speaking highly of Mr Bell’s services. Dr Newman and Mr Roxburgh were elected Directors and the meeting terminated,