COMMERCIAL.

Temuka Leader, Issue 1764, 17 July 1888, Page 4

COMMERCIAL.

TIMARU MARKETS. Wheat Quotations are Prime velvet and tuscan 2a 6 d to 2s 7d, red chaff2s 5d to 2s 6d, square head 2s 4d, whole fowl wheat 2s to 2s 2d, broken do, Is 6d. Oats. —There is a demand for good danish which sell readily at Is 6d to Is 6d -|d ex store, while -|d more is obtainable for extra prime parcels. Tartarians are wanted for seed at up to Is 8d ex store. Milling qualities are not much enquired for, and prices are without alteration. Quotations are —Prime milling Is 8d to Is B|d, good short feed Is 7d to Is Bd, heavy danish Is s£d to Is 7d, fair average Is 4|d to la sid. Barley—Only prime lots can be placed at up to 3s 6d on rail. Potatoes—About 40s per ton, sacks included, demand slack. AUCTIONEERS' REPORT.

TIMARU. Mr E. R. Guinnees (for the New Zealand Loon and Mercantile Aegncy Company, Limited) reports for the. week ending Saturday, July 14th, as fo 1 - lows ; WASHDYKE TABES. Fat Cattle —Only small entries came forward with the exception of a few pens of average quality. The bulk of the yardings have been only equal to stores; the demand being weak very few changed hands. Stores—The price and demand for this class of stock show a slight improvement, and several lines found buyers at improved rates. Fat Sheep—The market being well supplied as yet there is no improvement in prices; in fact values are receding, and we fear the high prices anticipated by some holders will not be realised for some time. Stores —The demand for crossbreds in good conditiou aud hoggets still continves, and they find plenty of buyers at late rates. On the 6th inst., an average entry came forward; we sold 80 fat crossbred ewes at 10s sd, 60 do Jo do at lis, 60 do 2 and 4-tooth crossbred at lis 9d, 66 exceptionally good fat crossbred hoggets at 10s 7d to lis. In stores we sold 128 2-tooth crossbred ewes and wethers at 9s lOd, and 97 do do ewes at 7s 6d. On the 12th inst., owing to wet weather and flooded state of creeks and rivers only a few lots came forward. Best fat crossbred ewes brought up to lis sd. DIETBICT SALES. At Pleasant Point, on the 2nd inst., a good entry of sheep and cattle, the attendance being above the usual, and a satisfactory sale was the result. We sold 64 half-bred ewes and wethers at 10s lOd, and a small pen extra heavy crossbred wethers at 16s—top price this year in South Canterbury—--160 crossbred hoggets (good) at 9s, 150 do do at Bs, and 70 crossbred 2-tooths at 8s 3d.

ENGLISH MARKETS. London. July 5. Sugar is firm. German beet 14s; Java, 15s 9d. The stock of tallow on hand is 14,400 casks. Best mutton, 23s 9d; best beef, 225. Wheat, New Zealand long berried, 33s 6d; Australian, on spot, 345. The total quantity of wheat afloat for United Kingdom is 2,224,000 quarters, and for Continent 464,000 quarters, The American visible supply is 28.625.000 bushels. Most of oil coast wheat cargoes have been sold. Two cargoes of Australian wheat have been sold at 33s for shipment to the Continent. The total number of bales catalogued since the opening of the present wool series is 149,000, which were sold with the exception of 6000 bales. 72.000 bales were taken for export. Since the 29th 78,000 bales were stld. The sales have been unabated in spirit, and prices were the best of the series. Superior merinos are hardening; fine crossbreds are unchanged ; inferior sorts are irregular; scoured are firmer. The sales will probably close on the 18th. The Antwerp sales open about the 24th. TliP New Zealand Loan and Mercantile Agency Company, Limited, have received the following cable message from London, dated Ju’y stb, 1888 : Wool —The sales progress steadily. Coarse crossbred has declined |d per lb since the opening of the sales. Up to date 177,000 bales have been sold. Wheat —The market has been lower since wo last telegraphed, but has recovered. The weather is unsettled. Frozen Mutton—The market is steady. Canterbury and Wellington frozen mutton are worth respectively 4fd and 4|dper lb. Hemp—New Zealand hemp is worth £23 10s per ton,