COMMERCIAL.

Temuka Leader, Issue 1521, 4 December 1886, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE. The - Gor'd Exchange reports for the week ending Friday evening, the 2nd inst.:— In prospect of the approaching harvest ’ it >s pleasing to see that the English markets are beginning to show signs of improved values, which we are advised has been occasioned by the knowledge that the stocks throughout are generally low. We also have -advices from South Australia, which report that their harvest prospects are very much brighter than they were some months back. Local reports also point to a fair average yield, especially that of the spring sown corn, 58 Wheat—Supplies are getting visibly smaller, but the attention of buyers is not so eager as it was a few weeks past. Some of the millers intend shortly to only work half time. Prime lines of milling are not plentiful, and are at last week’s prices of 4s 6d to 4s 7cl for pearl, and 4ssd to4s6d for Tuscan and Gunters. Second quality is uot so saleable at 4s 2d to 4s 3d, but chicken wheat is scarce and firm at 3a 9d to 3s lid. Onts have experienced a decided drop. Shore feed are offering plentifully at Is lOd to 2s, and the long descriptions are dull at Is 8d to Is 9d. There is but little shipping business, and local requirements are restricted. Barley—The best malting lines have all found oillets, and second quality now offering is quite unsaleable; 2s 7d to 2s 8d would be readily accepted. Feed lines, like outs, have fallen very materially, and 2s 2d is the top value. Beans and peas are not saleable. Grass Seeds have but very little business pacing. Potatoes are slowly being got rid of at t hoik prices from 20s and downwards at try stations. I) ;ny Produce—Butler is very weak, tli''e being no buyers at over sd. New on ;s.coming into the markets, but ihe i inquiry is weak at 4d to si. i'he above prices (potatoes excepted) are for delivery f.o.b. Lyttelton. CHRISTCHURCH STOCK MARKETS. At the Addington "Sards on Wednesday, there were fairly large entries of all kinds of stock seut forward, aud and about the average attendance of buyers. Fat cuttle—A good entry, principally of good quality. The demand was anything but busk, the sale was a dragging one, and lute values were not maintained. Steers sold at from £6 Iss to £8 10s; a pair of heavy bullocks fetching £9 10s per head ; heifers sold at £5 to £7 12s 6d per head ; our values ranging from 20s to 21s fid per 1001 b s. Fat sheep—A large entry ; qual ty very much mixed. The sale opened dull, with very low prices. Buyers for export obtained the pick of the market, and for this quality late rates were about maintained, but light weights and inferior quality were much easier. Shorn crossbred wethers, prime, fetched from 8s 6d to 10s 9d per head ; medium, 6s fid to 7s 9d ; crossbred ewes, 6s to 7s fid ;shorn merino wethers, from 4s 3d to 9s per bead ; a line of crossbreds in the wOol, 13s fid ; values ranging from to l|d per lb, according to quality. Fat iambs—A full entry; all kinds of quality; demand pretty good ; prices ranged from 5s fid to 8s fid per head. Store cattle—A good supply. Graziers not very numeiour, but a pretty good clearance made. The following are sales that were effected : —3 to 4-year-old steers at £5 10s per head; 3-year-olds, £4 5s to £4 10s; 2-year-olds, £2los to £3 ss; 2-year-old heifers, £2 to £2 10s ; 3-year-oldfl, £2 17s fid to £3 10s; yearlings, from 12s to 20a per head. A good entry of store sheep were yarded, business not over good, though most lines were sold. Shorn hoggets sold at from 3s 3d to4s]d, a line of 4-tooth crossbred ewea and wethers, mixed, at fis, and a line of aged ewes and lambs at 3s. DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday : Wheat—The market is practically at a standstill. Millers being fairly well stocked prefer waiting, and are almost out of the market. There are still a few holders who are firm in their ideas of prices, and there has really been no business done during the past week. Fowl wheat has met a fair sale, but at a slight reduction in prices, Nominally prices are ; Beat milling, 4s 8d to 4s lOd ; medium, 4s 51 to 4a 7d; inferior, 4s 2d to 4s 4d ; fowls’ wheat, 3s fid to 3s lid. Oats—The past week has been an exceedingly quiet one. Bast milling and feed, la 8d ; an occasional extra fine bright, small lot, Is 9d ; good feed, Is 7d ; long at d medium, Is fid ; inferior, Is 4d to Is sd. Barley —A few small lots of feed and milling brought 2s fid to 2s 9d. Malting it- now out of season. Potatoes—Derwents have continued to arrive freely, and as new local grown kidneys are getting pretty plentiful, there in no sale for old Derwents. By auction several consignments have been quitted a f 20s to 32s 61 per ton (bags weighed in). Kid-eye are worth £7 10s to £lO per ion. Ryegrass Seed—No sales worth reporting. Chs ff is plentiful at £4 for best oaten sheaf ; medium quality, £3 15s: straw chrtff, £z 6s. But er—New season’s salt, 7d per lb ; freah, 6d for best mixed brands. Eggs—Bd per dozen. Sheepskins—On Monday green pelts and lambs were in better demand, and brought advanced rates; full-woolled crossbreds sold at 4s to 5s 9d ; full-woolled merinos; 3s to 4* 3d ; dry crossbreds, Is 3d to 5s 61 ; dry pelts, 3d to 9 * ; green to, 7d to Is ; lambskins, 9d to Is fid, Hidej -Prices are still very low, say 3d to ’3id for top lots,; 2|d to 2|i for medium weights ; l|d io 2d for inferior; and butchers’ green hides 8* fid to 17s, according to weight;' Tallow—A br gker demand has tam experienced during the past week for well-rendered mutton or mixed, the former being most in demand. Inferior also finds a ready sale at rather improved rates. Rough fa*, sells at 5s to 9s fid, according to condition. DUNEDIK STOCK MARKETS. At the Burnside Yards on Wednesday tbe following business was transacted : Fat Cattle IX9 head were yarded, (

Bidding was quiet, and prices were 10s a a head lower. Nearly all yarded were prime quality, and included 33 very prime bullocks (ex Rotorua) from Uroua Downs, Wanganui. Bullocks sold at £6 7s fid to £l2 6s; cows, £3 7s fid to £8 17s fid. Donald Reid and 00. sold for Mr J. W. Greenaway (Bulmer, Rangitata) 12 prime bullocks at £9 to £9 17s fid, averaging £9 Bs. Fat Calves—Six yarded and sold at 12s to 31s each. Fat Sheep—24l9 were penned, nearly all shorn, consisting of 565 merino wethers and 18 11 The bulk were medium quality, with a few pens prime. Competition was dull, more especially for half fat to medium, which were difficult to quit at a reduction of, say Is per head below last week’s ruling rates. Crossbreds (shorn) sold at 5a 3J to 8s fid, and an odd pen to 10s ; merinos, 3s fid to 7s; crossbreds (in wool), 10s to 14a fid ; merinos (in wool), 7s to 9s 9d. L, Maclean sold for the executors of tbe late M. Stud holme (Waimate Estate) 108 crossbred ewes at 7s fid. Fat Lambs—B47 were penned, and being beyond butchers’ requirements prices fell from Is to 2s a bead. Best sold at fis 9d to 8s; a few extra to 9s 9d ; others, 2s fid to fis fid. Pigs—l2o were penned. There was a strong demand for well-grown suckers and stores, while others sold at about late quotations.—L. Maclean sold a draft of bacon pigs ou account of the executors of the late Mr M. Scudbolme, at from 30s 40s. Horse Market—Wright, Stephenson and Co. quote first-class heavy draughts at £22 to £26; medium, £l4 to L2O; light draughts and spring cart horses, £l2 to £l6; first-class hack and light harness horses, £l6 to £2O ; medium, £7 to £lO ; inferior aud aged, £llO to £5. AUSTRALIAN MARKETS. Melbourne, Deo. 1. The Melbourne Manager of the National Mortgage and Agency Company, Limited, of New Zealand reports on the local grain market as follows : Wheat, quiet, 4s lOd to 4s lid ; barley, slow of sale, 3s 9d to 4s 3d. New Zealand oats —Feed sorts, no improvement, 2s 8d to 2s lid ; milling sorts, no material change, if anything slightly weaker, 2s 9d to 3s ; under bond, 2 9 Id to 2s 2d. Messrs Goldsbrongh and 00. held their usual weekly sale this afternoon, their rooms being crowded with Home and foreign buyers. A catalogue of 4800 bales was offered, for which there was spirited competition, especially for all clean wools which were free from burr. Earth j and nasty sorts were dull. Good greasy merino sold up to ll|d ; good greasy crossbred, scoured wool sold up to Superior greasy lambs realised 14d. . ENGLISH MARKETS. London, Nov. 30. Colonial breadstuff's remain at previous quotations. Australian beef tallow, 26s fid ; mutton, 30s. The wool sales opened to-day. There was a large attendance of Home and foreign buyers. Tbe catalogue comprised 10,100 bales. For greasy merino prices ruled a halfpenny" to a penny lower than at tbe close of last auctions, and for scoured merino prices were a penny halfpenny to twopence lower. The sales close on the 16th of December. The New Zealand and Loan Mercantile Agency Company (Limited) have just received the following cablegram from London, dated SOth Nov,, 1886 : Wool The sales opened at an average decline of about 5 per cent, on last sale’s closing rates, the principal decline being in medium and inferior greasy and scoured. Wools of a faulty character are neglected. For coarse, crossbred the market is unchanged. Tbe attendance of both Home and foreign buyers is good, but competition is dull. There is much irregularity in bidding. The opening catalogue contained 10,000 bales, and the sales comprise about 124,000 bales. 9500 bales have been sent direct to the manufacturing districts. . 1