COMMERCIAL.

Temuka Leader, Issue 1524, 11 December 1886, Page 4

COMMERCIAL.

' . AUCTIONEERS’" REPORT. GERALDINE. . l! ; Messrs J. Mundell and Co. report sales for k he week ending Saturday, 4th Dec., 1886: ~ Oattle—At the Geraldine monthly sale 1 on Wednesday an unusually large entry was yarded, being made up principally of stores and cows in full profit. Our sales were as follow: —3 year old in forward condition,£3;T2s Gd ; 2 year bid steers and heifers, £2 6s ; yearlings, £l3s to £1 5a ; calves, 10*. to 135.; cows springing and u in full profit, £3 10s to £7. At Winchester Yards bn Thursday the bulk , of the stock entered consisted of cows and small stores ; sales were hard to effect at anything approaching owners’ values. For the lots sold by us we quote: Steers £5 10a ; 2 year old steers and heifers, £2los to £2 12s Gd ; cows, in full profit; £4 7s Gd to £6 7s Gd ; yearling steers and heifers, £1 3s. We. quote beef ,:atlßs per .100 lbs. Bheep— At the Geraldine yards on Wednesday we i sold fat crossbreds: (shorn) at 6s to 7s 10s; crossbred hoggets (shorn) at . 2s 9d to 4s 3d ; merino ewes in the wool, were passed in at 3s 3d; At the Winchester yard? op Thursday we sold crossbred hogg-vo at 3s 8d ; no fat sheep were penned. . Pigs.—Sales are not easily effected ; we have no business to report. Sheep Skins.—At our rooms, Geraldine, bn Tuesday we held our monthly sale. Every lot entered was keenly competed : for and sold at the following prices;— butchers’ crossbreds, 4s 8d; buthers’ merinos, 3s 4d ; farmers’ crossbreds, 3s Gd to 4a; merinos, Is 4d to 2s 2d‘; lambskins, lOd ; pelts, 4d each 1 Special Sales.—By order of the Deputy , Assignee in the bankruptcy estate of W. fl. Lodge we sold the horses, carts, and plant pertaining to the butchering business at satisfactory prices. ; TIMARU MARKETS. , From the New Zealand Loan and Mercantile Agency Company’s (Limited} report dated Ist Dec., 1886, we make the following extracts Wheat—The market for"the past month has been quiet. The local demand is small; our mills holding large supplies, are not inclined, to operate at present. During the month we placed a few lines at 4s 7d for prime milling velvet, and 4s 3d to’is 6d for red chaff, ex store, sacks extra. In the absence of orders these rates are barely maintained. / Barley Nothing doing in malting sorts. Feed is worth 2s 3d to. 2a Gd. Oats— I The oat market for for some time past has been marked by a continued downward tendency. The Australian markets are overstocked, and owing to the local demand being a mereltrifie, rates are likely to go still lower. The following are outside quotations:—Prime bright heavy milling, la 8d to Is 9d ; stout bright feed, la 7d to Is 8d ; good bright Danish, 1 Is 6d to Is 7d ; inferior to medium sorts, Is 3d to la 6(1. ■ Flour—Our local mills are still working double shifts, notwithstanding which stocks on hand are very: low. Present quotations are : —Sacks, £11; 100’s, £ll 6s ; 50’s, £ll 10s per ton, f.o.b. Bran and Sharps—Stocks low. Quotatons, £4 5s and £4 10s respectively. ' Sheepskins Large catalogues hove ’ ■ been brought forward during the month. ' We quote factory woolly crossbreds, 5s 6d to Gs ; do do merinos, 4s 64; best butchers’ crossbreds, 5s 3d to 5s Sd ; do do merinos, 3s 9d to 4s G 1; second quality , crossbreds, 4s 6d to ss; do do merinos, 2s 6d to 3s 3d ; country skins, 2s to ss, according to size and condition ; pelts, 3d to Gd ; lambskins, 94 to Is. Hides—Quotations are as follows with a downward tendency GOlbs and over 4d for best; 50 to GOlbs, 3|d ; light aod inferior, 2d to 3d : cut and slippy, Id to lid. , Tallow arid-Fat—All our consignments were cleared at the following prices, viz. : per cwt Tor inferior. CHRISTCHURCH CORN EXCHANGE. The Corn Exchange reports for the week ending Friday evening, the lO h inst.: —• The past week has been not a particularly satisfactory one to traders in cereals. The downward tendency has been noticeable which has by no means improved business. Accounts from Australia are - favorable and a fairly abundant harvest is expected, which, if realised, wi I to a gteat extent close their markets against New Zealand produce for the ensuing year. The English markets show sgns of improvement which according to late advices is expected to be fully maintained with a improbability of further increased values. Our local prospects would be encouraging if we had a moderate rain to prevent premature harvesting. Wheat—Wheat has only limited buyers, but stocks are low and present values are expected to be maintained until the new crops are harvested. Pearl is scarce at 4s Gd ; Tuscan and Hunters have sellers in limited quantities, at 4s 5d to 4s Gd. Second quality is being offered at 4s 2d to 4s 3d and chicken wheat is nearly out of stock at 3s 9d to 3s lid. Oats—Oats are/hard to quit and sales have been made at extremely low rates; but large . holders are keeping aloof in hopes of,an improvement. Milling: are in a small compass and 2s Id is asked; ! short feed are-offering at is lid to: 2s, with ■■ limited business. Tartars and Danish rule very low, is 7d to Is 8d being the ruling figures.! Barley—The season for malting is virtually: over. < Feed sorts are, inquired for at the low prices of 2s 2d and ‘2s 3d. Beans, Peas, and Grass Seeds haye no business to note. ! Potatoes—The season is fast drawing to a close and almost any price would be accepted at the pits. There being no outride trade buyers are few. 20s f.0.b., sacks extra, is the ruling rate. . , Dairy Produce^Dairyjproduce remains J;;, quiet, there being do specolation for forri v ard orders. Butter (in. tubs) is worth 6d to Gd, and cheese (new) 4d to 6d. The above prices (potatoes excepted) '■ are for delivery f.o.b. Lyttelton., CHRISTCHURCH STOCK MARKETS. At the Addington Yards on Wednesday, , large entries of all kinds of stock ; attendance of buyers an average one. The very hot nor-wester that was raging made everything very dusty and uncom-

fortable, Fat (Mile A fairly large entry, quality not altogether .first-rate; demand only a middliti£ one, late rates about ruling. Steers sold at from £5 5s to £7 17s Gd ; heifers and fat cows, from £4 15s to £6 15s; an average price of about 20s per 1001 b, Fat Sheep—A: large entry mixed sorts, a large proportion of crossbred ewes, demand not very brisk; buyers for export took most of tne best lines at prices equal to late quotations ; medium sorts and ewes were lower iu value. Prices were as follow:—Prime crossbreds, Oslo 11s 9d, one very prime pen, 16s ; crrs'lv-n'l ewes sold at from 4e Gd to 7s ; mi:x u i.uxes, from 5s to 8s; merind wethers, from 4s to 5s 3d. Store Cattle—A large entry of all descriptions, demand much stimulated by a buyer from south, who appropriated a great portion of the cattle ranging from eighteen months to two and a half years o'd. Prices, however, remain about on a par with late qnotath ns, with a wholesome clearance. Three-year-old steers, £4 10s to £5 5s ; twc-vear-olds, £2 10s to £3 12s 6d ; yearlings, 15s to 25s ; two-year-old heifers, 45s to 55s ; three-year-olds, £3 5s and £3 17s 6d. Fat Lambs—A large entry, demand , pretty good. Prices ranged from 4s Gd to 8s per head. DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday ; Wheat The demand for wheat at present is very poor, and millers are only buying for immediate requirement. Prime milling is nominally worth Is lit! ; good milling, 4s 9d to 4s lOd ; medium and inferior, 3s 6d to 4s Gd. Oats—There is no demand for this grain at present except for small prime milling parcels, which are worth from Is 8d to is 9d ; bright feed, Is 7d to Is 8d ; long oats and discolored, Is Gd to Is 7d. Barley—The demand has fallen off. We quote malting 2s 8d to 3s; milling rnd feed, 2s 4d to 2s 7d, Chaff -Best oaten sheaf, £4 per ton ; medium, £3 10s to £3 15s ; straw chaff, £2 55.. Potatoes—Derwent's sell slowly at £2 per tori; hew kidneys in small lots at £lO. Grass Seed is without inquiry. Butter—New season’s salt, 7d per lb ; fresh, 6tl for best mixed lots, . Cheese—Gd per lb for new season’s. Eggs—Bd per dozen. Sheepskins—Fair demand, but prices are affected by the fall in wool. On Monday last country crossbreds sold up to 3s 6d ; full wool up to 5s 3d ; merino up to 3s; full wool to 4s lOd ; pelts, Id to 4d ; green pelts, 8d to 9d ; lambskins, to Is sd. Hides—Late quotations are maintained and the demand is equal to the supply. Tallow—The Home reports are favorable and the local demand consequently good. Inferior is worth 10s to 15s ; medium, 16s Gd to 18s ; prime, 18s 6d te 20s ; rough fat, Cs to 8s Gd. DUNEDIN STOCK MARKETS. At the Burnside Yards on Wednesday the following business was transacted : Fat Cattle—249 bead were yarded, principally good to prime. Prime bullocks sold at from £8 to £l4 ; medium and light, £4 15s to £7 10s; cows, up to £lolos. The latter class for dairying purposes were in demand and sold up to to £8 8s, —Donald Reid and Co. sold for Mr Andrew Grant (Temuka), 18 bullocks at £8 to £lO 12s Gd, Fat Sheep—2342 were penned, 420 of these being merino wethers, and the balance crossbreds. The demand was very slack, and the prices were fully Is lower than last week. Crossbred wethers (shorn) sold from 5s 3d to 9s 3d ; crossbred ewes (shorn), 4s 9d to 8s ; merino wethers (in wool, 5s 3d to 9s. F»t Lambs—lol2 were penned. The market for these was very slack, and prices ruled lower than last week. They sold at from 4s to 8s Bd,—TheMutual Agency Company sold 50 on account of Messrs M’Leod Bros. (iVoodside), at from Gs to 6s 3d. : Pigs—234 came forward and met a dull market. Porkers and bacan pigs were down 4s to 5s on last week’s rates, and suckers 2s to 2s Gd. Best lots sold up to 555, DUNEDIN WOOL SALES. The first wool sale '-of the season was held on Thursday, when there was a good attendance of buyers, including Home representatives. Notwithstanding adverse reports of the progress of the London sales, competition for crossbred was very good, and prices were up to expectations, but for merino the demand was weak, and prices, compared with those for crossbred, were much lower. Greasy crossbred medium brought 7d to 8d ; ditto light, B|d to the latter being for 31 bales from Glenledi; greasy long wool, 7d to 7|d ; merino heavy, to 7d ; ditto light, 7jd to B^d. AUSTRALIAN MARKETS. Melbourne, Dec. 7. Messrs Goldsborough and Co. held their usual weekly sale this afternoon to a large attendance of buyers. Competition was brisk, and 7000 bales were offered, of which 4000 were sold at prices which are on an equality with realised at the London sales. Greasy wool is a Td and a Id lower ; scoured, from Id to l£d lower. In good greasy lambs and light crossbreds there is no material change to report. Dec, 9, The Melbourne Manager of the National Mortgage and Agency Company, Limited, of New Zealand reports on the local grain market as follows ; Shipping wheat is firmer at 4a lOd to 4s lid ; malting barley shows no improvement, 3s 9d to 4s 3d ; New Zealand feed oats are less depressed and in rather more enquiry at 2s 8d to 2s 10d ; milling oats are in! less demand, and prices are occasionally easier at 2s lOd to 2s lid ; New Zealand oats, under bond, 2s to 2s 6d. ENGLISH MARKETS. London Dec, 9. The wool market continues weak. The catalogue at to-day’s auction comprises 7500 bales.