COMMERCIAL.

Temuka Leader, Issue 1561, 5 March 1887, Page 4

COMMERCIAL.

CHRISrOHUECH CORN EXCHANGE. The Corn Exchange reports for the week 'mding Friday evening, the 4th inst. : .Large deliveries are being made both of wheat and oai6, but the former is munything but shipping condition, having been threshed before it had thoroughly sweated. Rejections have consequently followed, much to the annryarre of buyers an<' sellers. Outside in.i>'-'*i are not encouraging for local speculation. The yields that have already been ascertained have been fully up to anticipations, and with the exception of condition the grain will compare favorably with previous seasons.

Wheat—Sa'es have been fairly numerous on the basis of 3s 4|d for Tuscan, 3s 3£d for pearl, and 3s 3d to 3s 3£d for Hunter's, but we should say the majority of samples are going into store on growers' account for shipment to London or to be held for improved prices. Chicken wheat meets with a local demand at 2s 8d to 2s lOd.

Oats—The shipping orders are about easier, consequently prices, have steadied down io Is 9,i to Is 9|d for short heavy feed, long and inferior being hard to quit at ls7d tolsSd.r

Barley—Prime malting is offering in very limited quantities, and any decent lines are quickly taken up at from 3s 3d to 3s 6d. Second quality are almost totally neglected, malsters being well stocked with indifferent malt from last year. Feed lotH are wanted at 2s to 2s 2d.

Beans and Peas—Prussian blues have an inquiry at 3a 3d to 3s 6d, other kinds are not on offer.

Grass Seed—Farpiers' parcels are not so plentiful, but prices have uot improved, 2a 3d to 2s9d for ordinary, and; 3s to 3s 3d for well cleaned heavy seed. Machinedressed is quoted at 3s 6.1 to 3s 9d. Cocksfoot, bright heavy clean seed, commands 3sd to 4d.; light foggy-parcels from 3d to 3,Jd. Potatoes—Kidneyß are being locally sold at £2 10a.

Dairy Produce—Markets show no imprements on last week's quotations. The above prices are those paid to farmers, and delivered f.o.b. Lyttelton, sacks extra.

CHRISTCHURCH STOCK MARKETS. At the Addington yards on Wednesday, large entries of stock were yarded for the day's market and a good attendance of buyers and others were present. Pat Cattle—The entry was for the most part made up of medium quality heifers and fat cows, only a few lines of good steers being offered. For these the demand was good, and values advanced a little, viz., to 18s to 19s per lOOlbs; medium and inferior quality, J6s to 17s. Steers sold at from£s 28 6d to £7 10s ; heifers and fat cows, from £3 15s to £6 7s 6d. Fat Sheep—A large entry, a great number being ewes ; the best of the wethers sold at quite late, values, but medium and inferior sorts were dull of sale, and receded in value. Crossbred wethers sold at from 8s 6d to 10a 6d per head ; mixed sexos, 6s 6d to 4s ; ewes, 4s to 6s; merino wethers, 33 9d to 5s Id, being from f d to l£d per lb, according to quality. A large number of store sheep were yarded, principally old ewes, and the major portion of the entry was for boiling-down purposes at from Is 5d to 3s per head. A moderate Int of fat huribs yarded. Deraaad only middling, values ranging from 3s 6d to 5s 6d. The pig market was a very heavy one, and a brisk demand existed for all kinds. Porkers sold at from 16s to 275; stores, from 2s 6d to 20s. Very foiw store cattle were yarded, principally odd lots, and values remain unchanged. A good number of dairy cows were yarded, meeting with a good demand, values of cows ranging from £3 10s to £6 15s per head, according to their age and quality.

DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednfgday ,• — Wheat—The weather during the last few days has not been so suitable for harvesting, and will cause considerable delay in the delivery. Several email Bales have been effected during the week, but at prices lower than quoted last week. Millers >ire operating cautiously, but at the same time offering prices s igh'ly in advance of Northern quotations. Quotations are : 3s 6d to 3s 8d for best velvet and Tuscan ; other good qualities, 3s 4d to 3* 6d (ex store, bags weiehed in). Inferior and fowl's wheat is in good demand, and although lower, as compared with milling sorts, is still at a satisfactory price (2s 6d to 3s). Oats Moderate demand exists for shipment, but buyers want lower prices. There is a fair demand for milliug, but purchasers are only supplying immediate requirements with the view of being able to buy at lower prices when fuller supplies are on the market. Bright milling, Is 8d to Is 9d ; short bright feed, Is 7d to Is 8d ; medium, Is 6d to 13 7d (ex store). Barley—There is a slight inquiry for malting, but there is none of the new yet to hand. Ihere is no demand for milling or feed. Quotations are nominal. For best malting, 2s 91 to 3«; feed and milling, 2a 3d 10 2s 8d (ex store). Ryegrass Seed—There is no improvement in the demand. Small lota are occasionally disposed of; if clean and good seed, guaranteed off old pasture, 2s to 3s, according to quality ; machinedressed is offering at 3a 6d, but there are no buyers. Cocksfoot seed receives but little attention. Onnff~Market overstocked. feed, £3 per ton ; medium, £2 10s to £2 15". Potatoes —Supplies full. Derwents, £2 15^; kidnoyß, almost unsaleable, Butter—Prme keg, 6|d to 7d. Cheese—4£d per lb; no shipping demand. JSggs—Slow of s»le at Is per doz. Sheepskins Town butchers' green crosfbred pel s bring from 14d to 21d ; merinos, from 6d to 9d ; and lambskins, from Is 4d to 2s 61. FuM-woolled skins urn low. Hides- -Prices, especially for properly trimmed dry salted hides and the town butchers' green hides, have advanced considerably. The former realised up to from 3|d to 4jd per lb, and the latter from 18s to 21s each all over, according to size and quality. Light hides are in, less

request, and if sound and well trimmed command from 3d to 3£d per lb. Tallow—Rough fat meets with ready sale at from 63 to lis per cwt., according to condition and quality. Rendered tallow is not in demand.

DUNEDIN STOCK MARKETS. At the Burnside Yards on Wednesday the following business was transacted : . Fat Cattle—The supply consisted of 267 head, and it proved rather large, and prices current were a Bhade below these of last week. Best bulloe<s brought from £7 10s to £9; medium, £6 to £7 ss; beßt cows, from £5 10s to £6 10s; medium, £4 to £s.—Messrs Wright, Stephenson, and Co. sold for Messrs M'Goveria and Hardie (Waimate), 8 heifers at from £4 to £4 ss, and Donald Reid and Co. sold 8 heifers at £5 2b 6d for the same owners.—Mr L. Maclean sold for the executors of the late Mr M. Studholme (Waimate Estate), 14 heifers from £4 17b 6d to £B. Fat Sheep—The market was again oversupplied, no less than 3903 being penned, of which only some 400 were merinos. The whole of the large number panned was cleared at a decline of about Is per head on last week's quotations. Best erossbred wethers brought from 7s to 8s (one special lot 93 to 9s 9d), best crossbred ewes from 5s to 7s 3d ; medium, 3a 6d to 4s 9d.— Messrs Wright, Stephenson and Co. Bold for Mr F. M. Rickman (Waimate), 13G crossbred ewes at 6s. —Mr L. Maclean sold for the executors of the late Mr M. Studholme (Waimate Estate), 70 crossbred ewes at 4a 9d, and 84 merinos at 3s 6d.

Fat Lambs—Market glutted; 908 penned. Sales almost impossible to effect. Prices rarjged from 2a 3d to 5s 9d, but only a small lot realised the latter price. Pigs—l 22 penned, consisting of all descriptions. Bacon pigs at from 34a to 45s ; porkers, at from 24s to 31s ; stores (small slips), at from 8s to 10s ; suckers, 6s.—Mr L. Maclean sold for Messrs Bourne and M'Donald (Washdyke), 25 at 28s to 60s.

Horses—Messrs Wright, Stephenson and Co. quote first-class heavy draughts at from £lB to £22 5 medium, £lO to £l6 ; first-class hacks and light-harness horses, £lB to £25; medium, £lO to £ls ; light and inferior, £1 10s to £5. ENGLISH MARKETS. London, March 1. The wool market continues firm. The total arrivals for the next sales number 120,000 bales. The total stock of tallow in London is 10,500 casks. The New Zealand Loan a«d Mercantile Agency Company (Limited) have received the following cablegram from London, dated Ist March, 1887 : Wool market is gradually improving. The total quantity sold by private treaty since last sales is 1200 bales. Wheat—Market has been lower since we laßt telegraphed, but has recovered. Adelaide new wheat is worth 37s ; Victorian wheat, 37s 6d ; and New Zealand average wheat, 35s 6d ; New Zealand longberried wheat, 37s per 4961b5, Victorian wheat to arrive per iron ship is worth, c.f.f., 35s 9d per 4801bs, February and March bill of lading. Leather market is steady and quotations are unchanged. Frozen R'eat—Market quiet. Canterbury mutton and lamb are worth, respectively, to 6£d per lb.