COMMERCIAL.

Temuka Leader, Issue 1668, 3 December 1887, Page 4

COMMERCIAL.

—u»— ■- CHRISTCHURCH CORN EXCHANGE. The Corn Exchange reports for theweek ending Friday evening, the 2tu! inst. : The firmness noted in the London market has had the effect of creating an inquiry for wheat. Business, however, has been of a very limited character, chiefly owing to the scarcity of space on offer. Intercolonial trade is pretty well at a standstill. Reports from the other side speak exceedingly favorable upon the probable yields, and feed is also very plentiful. Wheat—The firmness noted in the London market has made holders firmer in their demands, but at present values are not likely to lead to much business until there is more freight on offer. We quote tuscan and pearl at 3s to 3s 4d, and hunters 3s 3d to 3s 3|d. Second quality is dull at 3s Id; chicken wheat, whole, 3s; broken at 2s Sd to 2s 9d. Oats —A slight local inquiry has been noticeable for prime short feed at Is Sd to Is Sid; and danish at Is 7d to Is Sd ; other long kinds at Is 6d to Is 7d; milling are not very plentiful at Is 9cl to Is lOd. Barley—No business in the absence of stocks. Beans—Market bare, with but little demand. Peas have an occasional inquiry for feed lines at 2s 3d to 2s 9d. Grass Seed —No inquiry. Prices nominal at 2s to 3s. Cocksfoot Stocks are becoming low, and prime heavy feed is worth 4Jd to 4id ; inferior, 3d to 3id.; ' Potatoes—Local sales continue at 12s to 15s at country stations, but the requirements are becoming very small. Dairy Produce —’These markets are unaltered. The favorable spring all over the colony for grass has reduced our export trade to,almost nil. r ;,The above prices are those paid to farmers and delivered f.o.b. Lyttelton, sacks extra.

CHRISTCHURCH STOCK MARKETS. At the Addington yards on Wednesdsy there was a good supply of stock, and the attendance of buyers was an average one. Fat Cattle—A good number yarded —quality varied, but mainly good. Business was very dull, and values again showed a decline. Bullocks sold at from £5 10s to £8 10s, and as high as £9los for extra heavy weights. Heifers sold at from £4 5s to £7, being from 16s to about 19s per 1001 b, according to quality and suitability of weight.—The L. and M.A. Co. sold for Mr John Glrigg 16 head steers at from £5 17s Gd to £9 10s per head, 2 heifers at from £5 17s Gd to £5 12s Gel; for Mr F. Tavender 7 heifers at £3 15s to £4 Is, 1 cow at £3 ss.—Yeal calves sold at from 6s Gd to 15s per head. Store Cattle—Father a heavy entry. Three-year-old steers, nearly fat, sold at from £5 to £5 7s Gd per head; ditto, in store condition, £4 10s to £4 15s; a . line of three-year-old heifers brought £3 12s per head; two-year-old . steers brought from £2 5s to £3; young cattle dull of sale, Dairy Cattle—Very good cows,' near calving, sold at from £5 to £6 per head ; second-rate sorts, £3 to £4. Fat Sheep—A fairly good entry) quality varied, but on the whole good; demand showed an improvementCrossbred wethers, shorn, the primest sold at from 9s 3d to 12s per head, medium weights, 7s 3d to 9s; crossbreds in the wool, from 9s to 13s 9d; shorn merino wethers to 6s 9d, being up to 2d per lb for shorn mutton, and to 2£d per lb ditto in the wool. Fat Lambs—A plentiful supply of various degrees of quality. Prices ranged from 5s to Ss 9d per head, Pigs—A moderate entry, values weakened. Porkers, 18s to 2Gs; heavy weights, 325. Stores sold well at from 10s to 15s per head.

DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Tuesday r Wheat —There is an abundance of medium quality and inferior quality offering, but prime samples (with plenty of glutine or strength) are very scarce, and prices for such have advanced during the week. Values, on the other hand, for weak wheats are lower—in fact, they are almost unsaleable, Choicest tuscau, pearl, and red straw at from 3s 9d to 3s lOd per bushel, with an upward tendency (sacks weighed in); medium, 3s to 3s Gd per bushel. Oats Stocks are by no means large, but values are easier and sales almost impossible to effect. Prime milling at from Is 8d to Is B|d per bushel, and prime bright short feed at Is 71fd to Is 8d; medium, Is 7d. Barley—No transactions. Prime malting is, however, very scarce, and wo bear of a shipment of Californian on the way which will stand brewers over 5s ex steamer. Grass Seed—Quite unsaleable. Chaff —Market easier; prime oaten being worth only £2 12s Gd ; inferior, 30s to 355. Cheese Sale is lax at present. However, a few new are changing lianas at about 4d. jgfro-g—Not. over-plentiful. Prices, 8d to B^d. Butter—lf anything, prices are better during the last few days-4d to lad being obtainable for mixed lots; while for salt, if prime and new, 6d is got. Kegs extra.

Sheepskins On Monday town butchers’ green skins sold as follows: —Crossbreds at 4s 9d to 2s lOd ; merinos, at from 3s 6d to 4s sd; lambskins, at from Is to Is 3d ; and pelts at from Gd to 8d ; country skins sold at from Is to 4s lid. Hides —Heavy, 3|d to 3;];d per lb ; mediums and lights, 3d to 3Jd; out of condition, less. Tallow Shippers and the local manufacturers are operating freely, and best mutton may be quoted at from £lB to £l9 ; medium and mixed, £ls to £l7 ; inferior, £ll to £l3 10s ; rough fat, £G to £lllos. DUNEDIN STOCK MARKETS. At the Burnside Yards on luesday the following business was transacted : Hat Cattle—l7l head were yarded, chiefly of fair to good quality, and including some prime drafts from Edendale, Gladbrook, and StrathTaieri. Bidding was lifeless. Prices, as compared with last week’s, were lower by from 10s to 20s per head. The second-prize bullock (in the class not over four years old) at last week’s show brought £l4. Best bullocks brought from £7 2s Gd to £8 ss; medium, £5 12s Gd to £6 15s. Best cows from £5 10s to £7; medium, £4 12s Gd to £5 ss. Eat Sheep—The number penned, 2124, proved much in excess of the trade’s requirements, and in consequence a farther decline in prices took place, woolly sheep falling Is to Is Gd per head, and shorn from Is Gd to 2s. About four-fifths of the sheep were shorn, and 600 of the total entry were wethers, and the rest ewes of all qualities. Best crossbred wethers (in wool) brought from 14s to 15s Gd ; medium, 11s to 13s Gd. Shorn sheep sold as follows: —Best wethers, at from 10s to lis; medium, 8s to 9s; best crossbred ewes, 7s Gd to 9s; medium, Gs Gd to 7s. Eat Lambs —631 penned of all qualities. The demand was slack and ■prices easier by fully Is Gd a head. Pigs—lso penned consisting in about equal proportions of baconers, porkers, and stores.—Wright Stephenson and Co. sold 73 at from 32s to 50s for baconers; at from 22s to 28s for porkers ; and at from 18s to 27s for stores. Donald Stronach sold for Mr S. Grimsey (Orari), 42 light stores at 24s Gd to 265.

AUSTRALIAN MARKETS. Melbourne, Nov, 30. Messrs Groldsborough and Co., limited, held their usual weekly wool sales to-day. The attendance was good and competition spirited, especially for light-conditioned merino and crossbreds. Inferior to good merinos realised from sid to lOd per lb ; superior, llfyd; scoured, Is 6d. Dec. 1. The New Zealand Loan and Mercantile Agency Company, Limited, held their usual weekly sale to-day, when 6000 bales were offered at auction, of which 4115 found purchasers. There was a full attendance of buyers, and competition was, good but medium to inferior wools ruled easier in sympathy with telegraphic reports ..received regarding the London sales. Grood wools were unchanged in value, greasy merino is worth per lb, crossbred lOfd, lambs’ wool Is Ofd. No superior scoured was offered, but best scoured realised as much as Is per lb, washed fleeces Is Ifrd.

ENGLISH MARKETS,

London, Nov, 29. At the wool auction to-day the catalogue comprised 10,700 bales, for which there was a good demand. Nov. 30. At the London wool sales to-day a catalogue of G9OO bales was submitted to auction. There was a steady demand throughout for all descriptions of wool. Fine to finest was rather firm, but inferior to faulty lots ruled id to Id per lb below the prices obtained at last sales. At the wool sales buyers cdmplain of the new clips. The Queensland yields are harsh and poor with a coloured top. For wheat cargoes, to be delivered in December and January, 31s 9d is asked. The frozen mutton, ex Orizaba, from Australia, is being sold at 3r}-d to 3|d per lb, and New Zealand mutton is quoted at lib. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cable message from London, dated November 29th, 18S7 :—■ Wool—The sales progress firmly, although there is much irregularity in the bidding. , Medium and inferior greasy and faulty short staple,merino, scoured, have declined fd per lb since last sales. Clothing merino, scoured, has declined -id to Id per lb. The market for merino lambs is easiea, and for crossbreds and other descriptions of merino it remains unchanged. Competition by both Home and foreign buyers is active. Up to da‘e 49,000 bales have been sold. Wheat—New Zealand wheat, f.a.q. in granary, has advanced Gd per 49Glb since last report.