COMMERCIAL.

Temuka Leader, Issue 1839, 12 January 1889, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE. The Corn Exchange reports for the week ending Eriday evening, the 11th insb.;— As anticipated, business has somewhat regained its former briskness, and again there is a fair enquiry for various lines of produce, although prices have rceeded considerably from their high values in November last. Present business is being transacted on a healthier footing, apart from speculation, and, while expecting to see prices still lower as the advent of the new crop nears, we shall expect to see the bulk of our old stocks cleared during the next six weeks at present values. The outlook of our harvest up to the present is most promising, both as regards yield and and quality, but is it too far from the granary yet to say what may not yet happen. Farmers are now largely ordering their binding twine and sacks, which is an indication that harvest is approaching, but we can hardly expect to see work in full swing until towards the end of the month. The Australian markets, which have played such a conspicuous part in our price list during the past two months, have receded to something like reasonable prices, and there are still good prospects during the coming season of our doing a fair trade in feeding grains. Wheat stocks are not yet all in the hands of merchants. A few farmers have held back, and are now compelled to accept a much lower price than they could have obtained some weeks ago. Sales have been made at 3s lOd to 4s, but merchants do not seem anxi'ms to give more than 3s 9d to 3s lOd for the best samples. Second quality is scarce at 3s Bd, Chick wheat ranges from 2a 9d to 3s 3d. Oats —Three shillings is about the best offer for prime short parcels, and feed oats 2s lOd to 2s lid. Eyegrass stands at 2s 3d to 2s 6d for average farmers’ parcels, and 3s to 3s 3d for machine-dressed. Dairy Produce —Butter: Prices are now as low as they have been all the season, and it is difficult to place at above 7d. Cheese, however, has a very firm enquiry at 4|d to 5d for good quality. The Sydney demand has entirely collapsed for the time being. The above prices are those paid to farmers for delivery, f.0.b., sacks extra.

CHRISTCHURCH STOCK MARKETS.

At the Addington yards on Wednesday large entries of stock yarded, and a good attendance of those interested. Fat Cattle—A large supply. Values ruled very low, with a more than usual percentage of withdrawals. Prime bullocks sold at from £6 2s 6d to £6 10s per head; medium, £4 15s to £5 10s; heifers and fat cows at from £3 17s 6d to £5 ss, being at from 15s to 17s per 1001 b, according to the quality. Dairy Cattle—Only a limited inquiry. Hood cows in immediate profit sold at from £4 to £5 10s; medium sorts, £3 to £3 10s. Veal Calves —Good calves sold at from 10s to 15s; medium, 6s to Bs. Fat Sheep—A very heavy entry of all descriptions. Late values showed a further drop of about la per head. Primest crossbred wethers sold at from 10s 3d to 12s 9d; lighter weight, 8s 6d to 9s 3d; crossbred ewes sold at from 5s 6d to 10s 3d per head; merino wethers, 5s 3d to 6s llu, being at from to 2d per lb, as per quality, with an over supply and large withdrawals. Fat Lambs—A large entry and an acHve demand. Primest lots sold at from 8s to 10s 3d; medium, 6s to 7s. Store Sheep—l 27 crossbred ewes sold at 3s 9d ;*166 hoggets at 7s; and a line oE 230 two-tooths at 7s. Pigs—A small supply, with a line of prime medium weight baconers on offer. Values were well maintained, baconers selling at from 32s to 425; porkers, 21s to 30s; stores, 8s 6d to 16s.

DUNEDIN STOCK MARKET,

At the Burnside Yards on 'Wednesday the following business was transacted : Fat Cattle—Only 136 head penned. The quality of half the cattle ranged from good to prime, but the balance was only medium beef. Values for all qualities ruled from fully 20s higher than at last sale, Best bullocks sold from £8 10s to £lO 10a ; others, £1 15s to £S ; cows, from £1 5s to £8 ]ss. Bekl, Maclean and Co. sold for Mr Andrew Grant (Temuka), G prime cows from £8 to £6 17a 6d. Donald Rfdd and Co. sold for Mr Andrew Grant (Willow Bank), 12 cows at £7. Fat Calves Seven sold at 26s each. Fat Sheep—Only 8-12 were penned. These were all crossbreds, and chiefly wethers, the quality being only fairly good. There was an advance of from 2a to 2s 6d per head on late rates. Best crossbred wethers sold from 12s 6d to 11s j others, 11s to 12s; best crossbred ewes, 13s to 11s 9d; others, 10s to 12s 9d. Fat Lambs—366 penned. Prices ranged from 5s 3d to lls 3d per head. Pigs —313 forward. Suckers brought from Is Gd to 17s; stores, 18s to 27s 6d; porkers, 28a to 355; bacon , pigs, 36a to 575.

DUNEDIN PRODUCE MARKETS.

The following is the report for the week ending Wednesday:— Wheat—The past week has been a quiet one, millers purchasing only when actually necessary, and in small parcels. We quote nominally prime milling velvet and tuscan, 4s 6d to 4s 8d; good to prime, - 4s to 4a 3d; inferior and medium, 2s 9d to 3s 9d (ex store). Oats—These have no attention of any consequence, the demand for exsort being exceedingly quiet, and dales at anything like satisfactory prices are difficult to make, buyers only offering 3s to 3s 3d. Holders, however, are still hopeful that the small stocks held will ere long meet with a better demand. Meantime there is nothing doing, and quotations nominal—say, for prime milling, 8s 7d to 3s 8d ; best feed, 3s 5d to 3s 7d; medium, 3s 3d to 3s 4d; inferior, 3s to 3s 2d (ex store). Barley—The market is clean swept. Quotations nominal. Ejegraas Seed —The business done is limited. We quote local-grown undresssed 2s 3d to 2s 9d ; dressed, 3s 6d to 4a. Cocksfoot, slow sale, at 3d to 3fd per lb. Potatoes—The supply is exceeding the demand. Only newly-dug fresh potatoes are saleable at quotations. Derwents are almost out of the market. Newly-dug kidneys are worth up to £8 ; any other almost un-Pigs—Well-fed, up to 1801 b, 4£d per lb. Hams and Bacon—Hams, 9d; rolls and flitches, 6|d. Chaff—Heavy oaten sheaf, riddled, £4 to £4 10s; straw chaff, £2 10s. Straw —Oaten and wheaten. £2. Hay—Clover and ryegrass, £3. Butter—Prime salt, 9d, with no inquiry ; fresh do, plentiful. Cheese—Prime Akaroa, s£d ; loaves, 6d. Eggs plentiful. Honey Prime extracted, 4|d ; market bare.

Sheepskins—On Monday, country dry crossbreds, low to medium, brought from Is 2d to 3s lOd; do do merino, Is 3d to 3s sd; full-woolled crossbreds, 4s to 5s 4d ; do do merino, 3s 6d to 4s 7d; dry pelts, 3d to lid ; butchers’ woolly green crossbreds, 5s 9d to 4s 9d; do do pelts, 1 s 5d to Is ; lambskins, Is lOd to Is 2d each. Hides—lnferior and bulls’, to 2d ; light, to 2fd ,• medium, 2fd to 8d ; heavy and in satisfactory condition, 3?d to per lb. Tallow—Prime mutton, 24s 6d to 25s 6d; good to prime, 22s 6d to 23s 6d; medium, 19s 6d to 21s 6d ; inferior and mixed, 16s 6d to 18s 6d. Rough fat has good attention—inferior to medium fetching 13s 6d to 15s 6d; best, 10s to 17s 6d.

AUSTRALIAN MARKETS,

Sydney, January 10, Maize, 3s lOd to 4s. Oats, 3a 6d to 4s, with the market dull. Prime bran, lid to llwd. Pollard, ll|d to Is, Wheat, chick feed, 3s 6d to 4s; milling, 4s 8d to 4s lOd (market quiet). Potatoes, £ls to £l7; inferior sorts are difficult to sell, and the market is declining. Onions, £l4, Butter, the market has entirely collapsed, and is now quoted at 6d to 9d (nominal). Cheese, 5d to 7id. Bacon, 9d to 9£d. Melbourne, Jari. 10. The wheat market is firm at 4s B|d. Flour is quiet; stone-made, £lO 10s. Oats, stout, 4s 8d;- Calcutta, 3s 6d. [ Barley, malting, 3s 9d; Cape, 3s 3|-d. The maize market is brisk at 4s 6d. Bran, firm, Is 2d. Sugar, Mauritius whites, £23 ss. Adelaide, January 10, Wheat is firm at from 4s 7d to 4s 8d for farmers’ lots; at Port Adelaide, 4s 8d; for outports, 4s 4d to 4s sd. Flour, roller made, £ll 10s; stone made, £lO 15s. Bran, Is to Is Pollard, Is. New Zealand oats, 4s 9d to 4s lOd.

ENGLISH MARKETS.

London, January 9. The quantity of wheat and flour afloat for the United Kingdom is 2,276,000 quarters, and for the Continent 400,000 quarters. The American visible wheat supply is 37,875,000 bushels. There is small demand for wool in London, but the Yorkshire market is busy, and it is expected that at next series prices will remain firm.