COMMERCIAL.

Temuka Leader, Issue 1823, 1 December 1888, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE,

The Corn Exchange reports for the week ending Friday evening, the 30th inst.;—

Buyers are becoming more chary; in purchasing, >the price of wheal having gone up beyond the margin required for Home shipments. Speculators having of late being more concerned wiili ihe Australian markets, oats are now nearly cornered, and while so held are sure to maintain a firm tone. Very few are being offered. There has been a very large enquiry for oaten .chaff, which has been selling freely at £3los at country stations. Dairy produce has been nearly cleared out daring the past week; largo shipments have gone forward to Sydney by both the Wnkatipu and Taupo. Intercolonial tonnage is scarce, and freights are high. Wheat—A strong demand exists, and sales of prime lines have been made at 4s 61, tuacan by itself being worth 4s 81 ; seconds are wanted locally at Sa 41 to 3a 81.

Oats—lt is hard to determine the value of this cereal. Only urgent orders are being completed al the figures wo quote, but as the bulk is in the bauds of a few we expect our quotations to be firmly maintained. Milling are worth Sa 9d, short feed 3s 6d, and long sorts 3s 3d to 3s 41.

Barley—Tery little is enquired for exe°pi for feed at 2s 9d to 3s 3d. Grass Seed—A few sales have been made at 2s to 2s 6d for farmers’ parcels, and 2s 9d to 3s for machine drosrod. Potatoes—A few sales for local consumption have been made at £6 at country stations. Butter—in this, article there is a brisk speculative demand since our last report, and we trust, ihe farmers will avail themselves of the opportunity of realising such good prices now offering—B£d fair, 9d to 101 for prime dairy packed. , Cheese—New is not yet fit for shipment. Wo quote 4d as about ruling rales ; old, very scarce, Ed. The above prices are those paid to farmers for delivery, f.0.b., sacks extra.

CHRISTCHURCH STOCK MARKETS. At the Addington Yards on Wednesday eniiies of stock for the day’s supply were something above the average. Fat Cattle—A g)pd eotry, principally prime quality. Late values hardly maintained. Bullocks sold at from £6 2s 6d to £8 for heavy weights, £5 10s to £0 mn.tiame, heifers £4 to £6 2s 6d, being 16s to 18r 6d per 1001b.—Messrs Matron and Go, sold for Mr Buxton, heifers from £4 5s to £4 12s 6d.

Fat Calves.— Superior sorts, 15s to 21s 61; medium, 6s to 10s. Store Cattle—A line of forward-con-ditioned, coining three : year : pld , heifers, Bold at ; £4, a , line of t.wn-year-o'ds at £2 10a, a few yeailmgs at from 2is to 20s, and store cows £2 10a to £3 10s.

Dairy Cattle—Values improved about 20s per head ; good cuvra coining Into profit, sold up to £6 10s ; medium sorts, £3 to £4.

Wat Sheep—A fairly heavy entry, mostly of good qmlity and principally crossbreds. Crm'sbred wethers in the wool sold at from 16s 3d to 17e per head ; do shorn, at from 12s 6d to 15s; lighter weights, 9s 3d to 11s ;j heavy weight ewes sold at from 10s 3dtolls9d; marine wethers in the wool sold at from 12* 91 to 14s; do shorn, 7* 6d to 9s 3d, being at from 2d to fully for shorn and 3d for sheep in the wool.

Fat. Lambs—Bast lines .sold at from 8s 3d to 9s 6d ; medium, 6s 3d .to 7« 6d. Pigs Late rates well maintained. Porkers from 21s to 33s and as high as 36s for heavy weights, A good inquiry for stores.

ASHBURTON MARKETS. Mr E. G. Staveley, for the New Zealand Loan and Mercantile Agency Company; Limited, reports on the Ashburton stock sales on Tuesday as follows : Moderate attendance and small entries of stock 1 , including,,looo sheep, .mostly LStores. Demand somewhat improved, though market not br'sk. Sales were effected as follows :—Fat shorn crossbreds, 10s 6d; fat shorn merino -wethers, • 10s 6d ; superior long-wool hoggets, unshorn, 14a id ; small crossbred hoggets, in wool, 8s; crossbred owes, in wool, with fair percentage of lambs, Ha ; merino ewes, same condition, 10s 31 ; shorn crossbreds, with lambs, 10s lOd ; fat lambs 7s 6d. Cattle were r«ther dull, Fit cows £4, £5,£515s ; dry cows, £llos to £2 15s ;• mixed two-year-olds, 46s ; springers, £4 5s ; eighteen months heifers, 31s.

DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday :~ Wheat —The market still continues abort of prims milling, and particularly tuscao, which is in strong demand, although a njediura-siz a d parcel would go a long way. Millers are operating freely, and dealeia in inferior and medium me also purchasing; all sorts are in coaaFqoence easily placed. Prime milling velvet and tuscan, 4a 7<i to 4a 9d; good to prime, 4s 3d to 4a 6d ; inferior and medium, 3? 6d to 4s; broken. 2s 9i to 3a Si (ex store, sacks weighed in). Oats—The demand .continues exceedingly brisk, and since last reporting are from 9d to Is per bushel .higher, a farther rise is expected. Prime milling, 4s l|d to 4a 3d ; best short feed, ,3a lid to 4s Id ; medium, 3s 9d to 3s lOd (ex store, sacks weighed in). Barley—A moderate demand exists, chiefly for shipment. Quotations are for prime malting, 4s 3d to 4s 6d ; medium, 4* to 4s Id ; feed and milling, 3s 6d to 3s 9d (ex store). Ryegrass-Seed-Quotations are: For local grown—undressed Is 6d to 2s 3d, dressed 2s 6d to 3s ; Poverty Bay—undressed 3s 3d to 3* fid, dressed 4-i 3d to os (sacks extra). Cocksfoot : Slow saK Best, 3|d to 4|d ; medium, 3d to 3Jd per Potatoes—For o'd the market is easier, owing to an incmas'd supply. At auction on "Tuesday £7 17* 6d was top pi ic«. New local grown sell at £lB to £l9 per ton. Butter—Market for ordinary fanners keg butter firm at 9d (kegs ex'ra). Factory separated bun or inquired for at a considerable advance ou above rate,

Cheese Factory, 6£d lo 7d, now strongly held in few hands; ordinary farmers’ cheese, 5£J ti 6.1, if prime. Pigs—Well fed up to 180 lb, . Rams and bacon have advanced. Hams, 9£d ; flitches, 7£d ; rolls, 6|d; flitch or liana, prime lots in cloths, B|d. Chaff—Heavy oaten sheif from £5 to £5 ss. Straw, oaton and wheateu, 40.-'. Hay, oaten, clover, and ryegrass: None to hand and not quotable. Honey—Patent extracted, 4|d.

Sheepskins—On Monday country dry crossbreds, inferior to medium, brought Is lld to 4s Id ; do do merino, 2a Id to 4* 2d ; medium to full-woolled crossbreds, 4s 4d to 6s 6d ; do do merino, 4s 2d to 5s fid ; dry pelts, 3d to Is 3d; butchers’ greoo crossbreds, 6s Sd to 4s lOd ; do do memo, 5s 6d to ,4a 3d ; green pelts, la.to Is lb; do lambskins, Is 5d lo Is 2d. Hides- Prices remain unaltered. For inferior and bulls’, l|d to l|d light, 2d to 24d ; medium, 2Jd to 2|d ; heavy, 3d to 3jd ; 6# b and over, . in perfect condition, B|d per lb. Tallow Prime mutton, 22s to 235; good to prime, 19s to 21s; medium, 17s to 19a ; inferior and mixed, 16a to ISa 6d ; rough fat (inferior to medium), 12s to 18s; best, IBs 6d to 15a per cwt.

AUSTRALIAN MARKETS. Sydney, November 29. Wheat, New Zealand milling, ■ss 3d ; local, 6s 8d ; chick, 4s Bd, Oats, milling, 5s ; best feed, 4s lOd. Maize, ss. Peas, 3s lOd. Bran, Is sd. Pollard, Is 3d, Potatoes, New Zealand and Vicioiian and new local, from £6. Onions, £l3. Ohiiff, Victorian, £8 to £10; Adelaide, £lO to £11; New Zealand, £6 to £B. Buttor, local, Is 9d ; imported, Is 3d to Is 6d, Cheese, local/8d to 9d ; New Zealand, 81 to 10d. Bacon, local, 6£d to 7|d ,* New Zealand, Bid to 9d ; New Zealand hams, Is to Is Id. Melbourne, November 29.

Wheat, good samples, 5a Id. Flour, roller-made, £l4. Oats, Calcutta. 3a B£d; Now Zealand, 4s lOd. Mailing barley is scarce, and only a few sales are reported in Oapj sorts. Maize, 4a 10d ; large supplies to hand. Bran, Is 7d. Pollard, Is s|d.

Adelaide, November 29.

Old wheat, 5s 2d; farmers’ lots, 5s at Port Adel tide; 4s 10d at outports. Flour, £ll los .to £l2 for stone-made; £l2 10s to £l3 fpr roller-made. Bran, Is 4jd. Pollard, Is 3£d. New Zealand oats, 4s 3d to 4s 6d (duly paid). Hops, firm ; Tasmanian kinds, Is 10d to 2s.

ENGLISH MARKETS.

London, November 28.

New Zealand mutton, prime selected, is selling at 4|d per lb. The wheat market is flat. -Off coast Australian cargoes are quoted at 41a to 41s 6d. Australian flour, ex store, 29s 6d to 30s. Leather, 9u to 9|d. Galvanised iron, Orb brand, shows a flight decline, and is quoted at £l6 10s. The English wheat market has undergone a general fall of 6d all round. The Continental market is inactive, and the American is still declining. The ayeragq! price of English wheat in country markets is 31s 9d.,. The quantity of wheat and flour afloat for the United Kingdom is 2,468,000 quarters, and for the Continent, 632,000. '

AUCKLAND WOOL SALES. At Benny’s wool sale on Wednesday, the prices realised were Id per lb over last year’s. Long wool, 6d to 7d, crossbred, 6|d to B|d ; merino, 8d to B£d, THE ENGLISH WOOL SALEH. London. November 27. Before the wool sales commenced today buyers hold a meeting, when it was resolved to leave the room if the woolbrokers insisted on farthing bids. The importers’ committee met afterwards and insisted on farthing bids being received for wool op to lonpenoa in value. On this decision being announced the majority of the buyers left their seats but remained in the room. The auctioneer attempted to sell, but very £ew bids were received. Ultimately he was compelled to discontinue the sale; in consequence of the yelling, hissing, and singing indulged in by some of tbjose present. Further meetings are to ■he held, to-morrow to decide what course shall be taken with respect to bids, j The number of bales available' is 157,000, including the corgo of ;the Balmoral Castle. November 28, The foreign buyers, strongly oppose farthing bids at the wool auctions. | , The wool brokers and buyers have agreed' tc a compromise .by which farthing bids will be accepted up tojsd, ' ' November 29, The wool sa'es opened with a good demand. Prices generally ruled from to Id dearer than the closing rates of Ins* series.