COMMERCIAL.

Temuka Leader, Issue 1787, 8 September 1888, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE.

• The Corn Exchange reports for the week ending Friday evening, the 7th ins*-.:—

The effects of recent cables from London is now manifest in this market, there being a decided activity, although holders are still, we think, over sanguine in waiting for further advances. There are now several ships on berth to load grain, thus giving greater facility to clear off stocks, and granting that some few exceptional lines have been placed already which cannot possibly remunerate shippers to London, we believe that sellers cannot go far wrong in taking advantage of the prices at present offered, as holding on simply means speculating on a further rise in the Home market.

Wheat Prime milling, hunters, 3s Bd ; pearl and tuscan up to 3s 6d. Chicken wheat, whole, 2s fid to 2s 6d ; broken and inferior, Is lOd to 2s 2d.

Oats—A fair demand exists at 2s Id to 2s 2d for prime milling, Is lOd to 2s for good short feed, inferior kinds about Is Bd.

Barley—With the exception of a few seed lines, this . cereal has not commanded much attention. Values as our last quotations. Grass Seed—Kyegrass: A fair demand for spring sowing continues, for machine dressed at 2s 9d to 3s, farmers’ lots varying from Is 9d to 2s 6d. Cocksfoot, 3d to 3£d. Italian ryegrass: Good samples meet a fair enquiry at 2d to 2|d per lb. Potatoes: Market dull at 45s to 50s at countrv stations.

Butter—As spring advances, butter naturally is in less demand, and prices rule about 2d less than last quotation. Cheese, dull, at 3d to 3|d per lb. The above prices are those paid to farmers for delivery, f.0.b., sacks extra

CHRISTCHURCH STOCK MARKETS. At the Addington yards on Wednesday, there was a fair attendance of buyers. Eat Cattle —The cattle market all round was the fullest we had for twelve months, and, notwithstanding the plethora of beef, there was a fair demand, and most pens were cleared. Beef, prime, was worth about 18s to £1 per 1001 b, and these figures were easily realised, but ordinary and inferior have to be quoted a good deal less in proportion. Store Cattle —Three-year-old steers brought £4 5s to £4 15s; two-year-olds up to 51s, and six-quarler-olds 48s 6d, yearlings bringing from £1 to 26s 6d.

Eat Sheep—About 3500 yarded, quality excellent. Mutton may be quoted at a strong 3d per lb for the main portion of the day’s work, and for the period at which the best prices were obtained another may be mentioned. Messrs Matson and Co. sold forMrL. Walker, 174 crossbreds, mixed ages and sexes, at 16s 6d and 17s. Messrs Miles and Co,, sold for the Levels Estate, 21 crossbred ewes at 18e 6d to Ids, and 189 crossbreds at 14s to 15s.

Bat Lambs—There were a few very good fat lambs entered, and fair prices were obtained for them, one lot bringing 18s.

DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday Wheat —This market has continued to harden, anything in prime milling order finding a ready sale at slightly advanced prices. Medium milling, lines, free from frost, have’also shown some improvement, but are still plentiful. Fowl wheat is scarce and decidedly firmer. Seed lines for spring sowing have gone off in small quantities at full rates. The quotations are —Prime milling, 3s 2d to 3s 4d; extra prime milling, tuscan, 3s 4£d to 3s 9d; medium milling, 2s to 3s Id; frosted, inferior, and fowl wheat, 2s 5d to 2s 9d; seconds, 2s 3d to 2s lid.

Oats —There has been a steady inquiry for bright feed and milling, and some large parcels sold. Quotations are as follow—Prime milling, 2s to 2s Id; prime bright feed, Is lid to Is llfd; medium and discolored, Is 9d to Is selected lines for seed, 2s 5d to 2s 6d.

Barley —The market is ; quiet, only milling being inquired for. This goes off readily at quotations. Feed is plentiful and dull of sale. Grass Seeds—Rygrass: Farmers’ lots, Is lOd to 2a 5d ; machine-dressed, 2s 8d to 3s. Cocksfoot: 3f}d to 4d per lb. Potatoes—Quotations are:—Prime Oamaru grown derwents, 75s lo 85s; prime Canterbury grown derwents, 65s to 755; prime Southern grown derwents, 60s to 70s; kidneys, almost out of season.

Pigs—Up to 1801 b, 4Jd per lb. Hams and Bacon: Former, 8d to 9d; flitches and rolls, to 7d. Chaff—Oaten, £3 ss; wheaten, 455; straw do, 40s. Carrots, 30s; turnips, 13s; blackdust, 9d; meal seeds, £3. Straw—Oaten and wheaten, 40s, Hay: Oaten, 60s; clover and ryegrass, 60s.

Butter—Beat salt, scarce, at lOd ; fresh, plentiful. Eggs are going down and are plentiful. Cheese—Akaroa, firmer, 4d; loaves, 4 id.

Honey-Drained, 3fd ; extracted, ltd.

Sheepskins—Q-n Monday country dry crossbreds, low' to medium, brought Is 3d to 3s 9d; do do merino, Is 2d to 3s; medium to full-woolled crossbreds, 3s lOd to 5s Id; do do merino, 3s Id to 4s 3d; dry pelts, Is o|d to la 3d; butchers’ green crossbreds, best, 5s to 4s 6d; others, 4s 3d to 3s lid; green merinos, 3s 8d to 4s sd.

Hides—Heavy weights, 3d; medium, 2|d to 2fd; light, 2d to 2*d ; inferior l|d to l|d per lb. Tallow Prime rendered mutton, 18s to 19s; medium to good, 15s to 17s 6d i inferior and mixed, 13s 6d to 15s. Rough fat is in good demand by Tenderers—inferior realising 8s to 9s 6d ; medium to good, 10s to 12s Gd; best, 13s per cert.

DUNEDIN'STOCK MARKET. At the Burnside Yards on Wednesday the following business was transacted : Fat Cattle—229 head were penned, consisting of all qualities, only a few pens being very prime. Prices obtained showed much about the same as bst week's sales. Best bullocks brought £8 lls to £lO ss; medium, £5 15s to £7 15a; others, £4 to 4b5 10s; and cows in proportion.— Messrs Wright, Stephenson, and Co. sold for the trustees of Orari estate, 6 prime bullocks at from £9 12s Gd to £8 ss. Fat Sheep—36s4 were yarded, of which 350 were merino wethers, the remainder crossbreds of all qualities. Prices receded about Is per head. Best crossbred wethers brought 15s 6d to 18s; one pen heavy Lincoln, 19s 9d; others, 12s to 14s 9d; best crassbred ewes, 13s Gd to 15s 3d; inferior to medium, 8s to lls Gd; merino wethers, 8s 9d to 13s 9d.—Messrs Wright, Stephenson and Co. sold for Mr M. Quinn (Temuka), 120 prime crossbred ewes at from 14s Gd to 12s 6d. Pigs—2o6 were penned, consisting of all descriptions. Competition was only moderately active, and prices in favor of buyers. Suckers brought 8s to 12s Gd; stores, 14s 3d to 225, porkers, 27s to 335; baconers, 38s to 57s 3d, a few heavy weights to 68s,

AUSTRALIAN MARKETS. Sydney, September 5. The horse market is dull. A shipment from Canterbury, ex steamer Waihora, was put up to auction to-day but was unsold.

September 6. Maize is firm at 8s Id. Oats, feed sorts, 2s 4d; milling, 2s 6d. Bran, Is 2d to Is 3d ; the market is excited. Pollard, Is 2d. Potatoes, New Zealand, 90s; Ballarat, 80s. Onions, Victorian, £7 10s to £B. New Zealand, £6 to £7. Wheat, chick, 2s 9d to 2s lid. Best cheese, 7d to New Zealand bacon, 9d to 9|d. Butter best local, ls9d; imported, Is 4d to Is 6d.

Melbourne. September 6. Wheat, 4s 4d. Elour, stone made, £8 15s; roller made, £9 10s. Oats, 4s o|d. Cape barley, 3s l^d; malting, ss. Maize, 3s 10|d. Bran, Is 2d. Pollard, lid. Sugar, crushed loaf, £2B; Mauritius, £23. Adelaide, September 6.

Wheat—Shipping, 4s 6d; farmers’ lots, 4s 2d to 4s 3d, at Port Adelaide; 4s Id at outports. Elour, stone made, £9 5s to £lO 10s. Bran, Is 3d, Pollard, Is Id. Oats, 3s 4d to 3s 6d.,

ENGLISH MARKETS. London, September 5. New Zealand frozen mutton, 1 3s 4d to 3s 6d per stone of 81b. Australian flour, 25s 6d to 265. The leather market is unchanged. A cargo of Adelaide wheat has been sold at 4ls 3d. The Australian and New Zealand Mortgage Company has declared ; a dividend of 5 per cent.