COMMERCIAL.

Temuka Leader, Issue 1620, 13 August 1887, Page 4

COMMERCIAL.

CHRISTOHWKCH COEN EXCHANGE.

The Corn Exchange reports for the week ending Friday evening, the 12th init. :

"From our Home cables we learn that the early shipments from New Zealand are arming to meet an unfavorable market: in fac', a lobs to consignees is almost inevitable. Holders locally are at present firm in their demands, but we cannot see how the present rates can be maintained unless freights are brought down by the various shipping companies to a minimum, which at present does not appear likely to bo in the near future. It i 8 reported th»t the Southern mil'ers hold only limited stocks, but the cb'if of the local firms are well supplied. Flour has had a good market, and millers are in hopes of being kept Mrly busy until the end of the season.

Wheat—We quote tuscan and pearl at 3s 7d to 3s 7£d, with a alack inquiry; hunter's 3s 6d to 3s 7d. Seed tußcan is being placed in small lots at 3a 9d, ex store ; chicken wheat is quiet at 2s lOd to 3s 2d.

Oats—Heavy milling have changed hands at Is lOd to Is lid, and short feed are being dealt with at 13 9d to Is lOd ; long descriptions are selling in Bmall lots atls7d to Is Bd.

Barley—-Prime malting is out of the market, and second quality is hard to obtain at under 3a 6d. Feed has been in better demand at 2s 2d to 2* 4d. Beans and Peas—The former has but few samples offering, and are worth 3» 3d Blue pea? are dull at 3s 3d, and feed sorts, at 2s 9d to 2s lOd. Grass Seed—A beoter demand is showin" itself, but prices have not improved owing to the large stocks in hand. Machine dressed is being placed at 3s 6d, aod farmers' parcels vary from 2s 3d to 3s 3d, according to quality. Cocksfoot is worth 4£d to 4£d. Potatoes are without a market except kidneys, which are wanted for seed at £3 10s to £4.

Dairy Produce—Fresh potted butter is in good demand at Bd, but stale lines are unsaleable. Cheese—Good lines are offering at 3jd without finding buyeis. The above quotations are for delivery f.0.b., LytteltoD, sacks extra.

CHRISTOHURCH STOCK MARKETS. At the Addington yards on Wednesday, there was a good entry. The attendance of buyers was about an average one. j?at Cattle—The demand was anything but brisk, and the *ale dragged considerably. Steers sold at from £5 2s 6i to £8 5s ; heifers and fat cows at from £4 15s to £7 17* 6d per head ; beiDg at from 15s to 17« 6d per 1001 b, as per quality. Store Cattle—A better entry than of late, and a slightly improved demand ; sales, however, show no improvement ; a line of fr«h conditioned mixed cattle, ranging from two to three-year-Ida, sold at from £2 12a 6d to £4 Is per heud. A small entry of dairy stock, and rather a dull enquiry. JFat Sheep—A rery heavy entry (the heaviest seen ft these yaras). Values gave way to the extent of from 1» to 2s per head, all descriptions suffering. Crossbred wethers bold at from 13a to 16s for primest, lighter weights 10s 6d to 12s, crossbred ewes at from 10s to 13s 9d, merino wethers at from 6s 6d to 10s 9d, being from If d to 2id per lb, according to quality. '-•-Store Sheep—Crossbred ewes, in lamb, sold aii"ffeffl.64jto7s sd^hog r gete, at 6s Id ; 2 and 4-tootfr-Thixed crfissbreds, 7s 6d ; a line of three-quarter fat 4-tbofcfa, wetheis, a grand line, at lis 7d ; lines of merino wethers, at 4s, 6s, and 6s lid per head. Pigs—A very moderate entry met with a capital demand and better values. Baconers sold at "rora 26* to 42s ; porkers, at from 18s to 28s 6d ; stores, 12s 6d to 17s.

DTJNEDIN PRODUCE MARKETS. The following: is the report for the week ending Wednesday : Wheat—The local market throughout the past wesk has been exceedingly quiet. Millers only come into the market for occasional small lots of extra prime red straw or tiißcan for mixing off with. Prices may be considered firm, and as the stocks now left in growers' or sellers' hnnds are very limited, prices can hardly come down. Inferior and fowl wheat ure readily sold at quotations below. Quotations : Really primn milling wließt, 4s Id to 4s 4d, and seed 4s 6ri ; useful milling, 3s 9dto 4?; inferior and fowl, 3s to 3a 7d. Oats—Prices have weakened a little, although during the early part of the week several parcels were quitted at prices almost level with those given last week. Inquiries are confined to really prime short feed or milling, slightly oif colored and inferior being almost unasked for. Barley Several lines of medium colored malting have been disposed of nt 4s to 4s 3i; milling, 3s 6d to 3slid ; and feed ecurce at 2s 9d to 3s sd. Potatoes—The market i« well stocked with consignments fron? the South. These move off slowly at 25s to 37s 6d per ton, according to condition. Ryegrass Seed—Machine-dressed seed for spring sowing ranges from 3i s<l to 3i 10d, and farmers' denning at 2s to 2s lid per'bushe'. Superior cocksfoot sells at 5d per lb. Turnips—ln over-supp'y at 15s; carrots, £1 ss. Butter.—Salt (in kegs), plentiful at 6d; fresh (in mixed case?) Bd. Eggs—ls 2d per doz«n.

Sheepskins—On Monday, green croßS-b-eds sold nt 3s to 4s 6d ; a line of picKed at 4s 9d ; green inerinoe, 2s 4d to 3s 6d ; dry crONsbreds, Is 2d to 4s 9d ; dry merinos, Is Id to 4t 31 ; pelts, 2d to 9J ; lambskin*, J<B3 to3<3i. Hides— Present quotations are : For inferior and bulla', l£t to 2d; light 2jd to 2sd ; medi«m, 2|d to 3£d ; heavy, 3£d to 3|d per lb. Tallow—Present quotations are : For inferior and mixed, 10s to 13s ; medium to good, 14s to 16" ; good to best mutton, 17s to 18s; rough fai— inferior 3s to 7s, medium to good, 8s to 9s ; best caul, fresh and clean, 10s to lis per cwt. DUNEDIN STOCK MARKETS. At the Burnisde Yards on Wednesday the following business was transacted : Fat Oftttle—The supply wis a small one, only 149 being yarded j the bulk were

prime bsef. Takiog the average of the market all round, priceß were from 20a to 30s a head high«r than at last sale, Bullocks sold at £7 10s to £ll sa: cows, £4 15s to £7 12s 6d. Wright, Stephsnaon and Co. eold for Mr A. Kehnan (Geraldiue), 7 cows and heifers at £4 10s to £7 10s.

Fat Sheep—The largest supply that hai ever been seen at Burnside was penned, namely, 5053, consisting of 650 morino wethers and 4503 crossbreds, which included a fair proportion of aethers ; the quality generally beiDg useful to prime. The above number proved far beyond the requirements of the trade for the coming week, but taking advantage of a fall in values of Is to 2s a head below last week, most of the local butchers bought sufficient for next neek also. Crossbred wethers sold at 8s 9d to 733 3d ; a.couple ef pens of extra prime, 14s 9d ; crossbred ewes sold at 7s 9d to Us 9d.

Pigs—l 49 were yarded. About half \fere stores and suckers, the rest useful porkers, with a few baconers. The latter were in demnnd at late quotations, others ruling a shade lower. Wright, Stephenson and Co. sold 35 bacon pigs at 36s to 425, and 3G porkers at 23s to 325.

ENGLISH MARKETS.

London, Aug. 9. New English wheat at Mark Lane sales averaged 32s to 355; old do, Is lower. Aug. 11. Adelaide wheat, ex store, is unchanged at 34s 6d ; New Zealand is 33s to 365, according to quality. Adelaide flour is quoted at 243. The new arrivals of wool to date for the next auctions amount to 250,000 bales. The market is quiet but steady,