COMMERCIAL.

Temuka Leader, Issue 1686, 14 January 1888, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE

Tlio Corn Exchange reports for the week ending Friday evening, the 13ih inst. :

With favorable weather the crops have improved very much during the past tew weeks, and generally the farmers are well pleased, with the outlook. A good many fields of oats have already been harvested, and one sample of the : season’s, grain was on view on Wednesday, and was above the average quality of the past two seasons. Wheat will not be harvested much before the end of the month. A fair amount of business has been transacted during the week in both wheat and oats. The former has been chiefly taken up by local millers, whose stocks have been low for some time past. Oats have been shipped in small but like wheat most of the transactions have been of a local nature. Several lines of rye grass seed have been ; exhibited, but as far as we bear no business baa resulted. Although large stocks of bid seed have been held over we do not hear of a large area likely to be saved this season. On the heavy lands there has been too much undergrowth, and on the light lands, where it had been intended to strip the seed, it has suffered considerably from the .effects of the late nor’-weslers. Locally, very little business is being done in daily produce, most of the larger manufacturers electing to ship to London. Freights are scarce, and rates have a hardening tendency., . ' : ■ The following are the quotations, sales of which have taken place during the week, viz.

Wheat—Tuscan, 3s 2d; pearl and hunters, 3s 2d to 3s 3d ; second quality, 2s lid to 3s; chicken wheat, 2s Bd to 2s Bd.

Oats—Prime milling, scarce, Is 9d to Is lOd; short heavy feed, Is 8d to Is B^d; inferior sorts, Is 6d to Is 7d. Barley—No stock. . Eyegrass—Machine-dressed, old, 3s to 3s 3d; farmers’; parcels, Is 9d to 2s 6d, according to quality. Cocksfoot—Nominally, 4d to 4Jd for prime heavy seed. Dairy Produce—Prime butter, 6d per lb ; cheese, little sale at 3d to 4d. The above prices are those paid to farmers and delivered f.o.b, Lyttelton

CHRISTCHURCH, STOCK MARKETS

Ai the Addington yards on , Wednesday there were large entries, of stock and about an average attendance of buyers and others. ~ : Fat Cattle—The market was heavily supplied, some lines of excellent quality being offered, both steers and heifers. The demand was weak, and prices very low, viz., from 16s to 18s per 1001 b, according to quality, fat cows to about 14a per 1001 b; steers sold at from £5 5s to £7; heifers, from £3 15s to £5 I2s 6d; fat cows, £3 10s to £4 15s.

Yeal Calves—A fairly good number yarded, selling very cheap Superior sorts, 17. s to 20s ; medium, 8s to 12s; inferior, 3s 6d to 5s 6d each. Dairy Cattle— Good cows, near calving, sold up to £6 12s 6d per head, second; rate sorts, £4 to £4 12s 6d.

Fat Sheep-—A fair number on offer, quality on the whole good. Best crossbred Aethers sold at from 8s 6d to 10s; lighter weights, 7s to 8s; crossbred ewes,, from- 5s 3d to 8s; merino wethers, 4s 7(3 to 5s 3d, being at from l|d to about 2d per lb, as per quality. —Messrs Miles and Co. sold for the Oran Downs Estate, 30 crossbred wethers at 9s to 9s 3d. —The N.Z.L. and Ml. Co. sold for Mr A. M. Clark, 66 crossbred wethers at 8s 3d to 9s 6d, and 64 maiden ewes at 7s 3d.

Fat Lambs— A large number on offer. Demand good. Priraest lots sold at from 7s 6d to 8s 9d; jnedium sorts, 6s 6d to 7s; inferior, to 4s 6d each.

Pigs—A moderate entry. Demand good. Porkers, 18s to 265; stores, 11s to 16s. DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday :t Wheat —The market remains extremely flat; occasionally small lines are disposed of to the local millers for mixing purposes, but beyond this the business done is insignificant. There is very little extra prime milling of any description in the market, but a full supply of medium, for which there is no demand • inferior and fowls’ wheat is also in over supply and difficult to place. Quotations; Good to prime milling, nominal, 3s 5d to 3s 8d; extra prime velvet and tuscan, 3s 9d to 3s lOd; medium to good, 3s Id to 3s 4d,; inferior and fowls’wheat, 2s 6d .to 3s (ex store). Oats The market .shows little activity; at the same time there is a quiet business passing, buyers for local requirements and alsb for shipment are operating, although not to any great extent; Quotations: For stout bright milling, Is 8d to Is B|d ; short bright feed, Is 7fd to Is 8d ; danish'and’short medium, Is 7d to Is 7^d;' inferior to. medium, Is 4d to Is 6id (ex store). Barley—There is none in the market. Two lines of Californian to arrive have been sold for malting at a price only a shade over top price for local grown during the past season. Sheepskins—On Friday, Gth, country dry crossbreds (low to medium)

brought Is Id to 3s Id; do do merino, lid to 2s 7d; medium to full-woolled crossbreds, 3s 5d to 5s 2d; do do merino, 3s 2d to 4s sd; dry pelts, 2d to 10d; butchers’ green do, lOd to 13d ; lambskins, Is 6d to Is 9d.

Hides—A good demand exists, but values are without quotable change. Tallow —During the week a few small lots of good mixed in shipping condition have changed hands at recent quotations.

DUNEDIN STOCK MARKETS,

At the Burnside Yards on Wrdnes day the following business was transacted :

Fat Cattle—l 74 head were yarded, mostly of medium to good quality, only a few pens really prime. The demand was fairly active. Best bullocks brought from £8 to £9 7s 6d; medium, £6 10s to £7 15s; light, £5 to £6. Best cows, from £5 10s to £7; medium, £4 to £5; light, £3 to £3 15s.

Fat Sheep—3o43 penned, including 320 merinos. Competition was fairly active, wethers selling at a slight advance, and ewes at barely last week’s rates. Best crossbred wethers brought from 9s to 10s 9d; medium, 7s 6d to 8s 6d; best crossbred ewes, from 8s 6d to 9s 6d; medium, 6s Gd.to 7s 6d.—Wright, Stephenson, and Co. sold for Mr Walter Halliday (South Canterbury), 70 prime Shropshire Down cross maiden ewes and wethers at from 9s 9d to 10 s. Eeid, Maclean, and Co. sold for the Waimate Estate, 136 crossbred ewes at from 7a 3d to 7» 6d. - Fat Lambs—The market was over supplied—-1027 penned, and prices suffered a decline of about Is 6d per head. Best lambs from 6s 6d to 7s 9d; medium, 6s to 6s; inferior, 3s 6d to 4s 6d.

Pigs—Only 69 came to hand, mostly stores. For these latter there was a good demand at from 14s to 23s 6d. Bacon pigs and porkers were dull of sale at from 28s to 355; suckers, 9s 6d.

AUCKLAND WOOL SALES,

At Buckland’s wool sale on Wednesday good prices were realised, one parcel fetching Bfd. The average was about 7d. The .North sew Zealand Woollen Company purchased 27 bales.

AUSTRALIAN MARKETS,

Melbourne. Jan. 12

Breadstuffs are fairly active; new, wheat is 3s 8d ; newflour, 8s; fine oats, 2s lOd to 2s lid; barley, 4s 7d ; maize, 3s 9| d; sugar (prime crystals), £26 10s. Adelaide wheat is dull at 3s 3d for shipping parcels; flour (roller made) is £9 ; hops are firmer. It is estimated that 193,000 tons of wheat are available for export. •

Sydney. Jan. 11.

Four hundred and seventy hags of New Zealand oats have been sold at 2s Oid to 2s l|d. Jan. 12.

The produce market is dull, with the exception of maize, which is at 4s to 4s Id, and firm at that quotation. Wheat (milling) is 3s 4d to 3s 8d; fowls’ wheat, 2s lOd to 3s (scarce) ; feed oats, 2s to 2s 2d; milling, ,2s 3d (plentiful); potatoes, 45s to 50s for the new crop; bran, 7d to 7|d (market glutted).

ENGLISH MARKETS

London, Jan. 10,

The wheat market is dull. Australian consignments, ex warehouse, are quoted at 3s 9d. Galvanised iron is quoted at £ls 10s per ton, copper at £B6 per ton.

• Jan. 11. Hides are realising from 4d to 4|d ner lb.

The frozen meat market is steadier, but there is no improvement in prices.

Tallow is firm from 24s 6d to 25s percwt. German beetroot sugar has declined 3d.

The tin plate workers have fixed the price at 15s per box.