COMMERCIAL.

Temuka Leader, Issue 1851, 9 February 1889, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE,

The Corn Exchange reports for the week ending Friday evening, the Bth inst.: —

The weather continues favorable for harvest operations ; consequently business in town is particularly quiet. ' Transactions during the week have been few, and chiefly confined to sales of barley. Cable advices from Home are of a discouraging nature to shippers, and values here for wheat have further receded. Australian markets _ have a downward tendency in all kinds of produce, which is difficult to account for after the recent reports of the severe droughts which these colonies have experienced. As an instance, butter at the close of last month ruled lower than it has done for a considerable time past. A good few charters have been made during the past few days for London and Australia, and, as there are still others on offer, we may expect to see sufficient for our requirements for the next few months. Wheat —Several lines of old have been on offer at 8s 6d to 3s Bd, but buyers do not feel inclined to operate, no doubt expecting to get the new crop at a reduction on these prices. Chick wheat has a fair enquiry—at 3s for whole, and 2$ 6d to 2s 9d for broken.

Oats—Sellers have been checked on account of buyers declining to add to their stocks at the values ruling last week. To-day the best prices obtainable are 2s 3d to 2s 4d for stout short feed, and 2s to 2s 2d for long and inferior grades. Barley—Samples are being freely offered, and prices are now partly settled—at 3s 9d to 4s for prime samples, and 3s to 3s 6d for indifferent malting. The quality so far has not been of the best, although threshing shows more care than was taken last year. Peas and Beans —New samples of prussian blues have been offered at 3s 3d, with business eventuating. Beane are not offering, Grass Seed—A few lines of farmers’ parcels have been placed at 2s 6d to 2s 9d. Holders are asking 3s 6d to 3s 9d for prime machine-dressed. Cocksfoot, according to sample, is quoted at to 3d. The latter price is for prime heavy seed. Dairy produce has nothing further, beyond that cheese has rather a weaker tendency, owing lb large quantities being on offer.

CHRISTCHURCH STOCK MARKETS,

At the Addington Yards on Wednesday fairly heavy entries of stock. Fat Cattle —A good average entry. The demand was again very slacu, and there was no improvement in recent values, beef making at from 15s to about 17s per 1001 b, as per quality, with a good number of withdrawals. Heavy bullocks sold at from £6 2s 6d to £7 5s ; medium, £5 to £5 10s; heifers, £3 17s 6d to £5 10s per head. Fat Sheep —An average entry; quality varied. Values showed little or no improvement. Primest crossbreds sold at from 9s 6d to 10s 9d; lighter weights, 8s to 9s; ewes sold at from 5s 9d to 7s 6d ; merino wethers, 4s 3d to 5s lOd, being at from Ifd to If d per lb, according to quality. Fat Lambs—Another large entry. The demand was good, and values improved. A grand line of lambs, perhaps the best that has been yarded this season, fetched the high price of 10s lOd per head; other prime lines sold at from 7s 9d to 9s; medium, 5s 6d to 6s 3d.

Yeal Calves—Very prime calves sold at from 14s to 225; medium, 6s to 10s.

Pigs—Late values well maintained, porkers selling at fully Bid per lb. Porkers sold from 13s to 335; weaners, 10s.

DUB ED IN PRODUCE MASKEX9.

The following is the report for the week ending ‘Wednesday:—

Wheat—the market continues exceedingly flat. There are no buyers of milling for either gristing or export, and late quotations unobtainable. There is some slight demand for whole fowls’ wheat in shipping condition at from 2s 9d to 3s, broken and mu'sty 2s to 2s 6d (ex store).

/ Oats— There is no improvement in the demand, which still continues sluggish. In the present state of the market quotations will only be misleading. Barley There is nothing doing locally, but it is evident from the numerous inquiries from Australia that parcels of prime malting will rule high immediately the new crop is forthcoming. Ryegrass Seed—Local grown, undressed, 2s 9d to 3s 3d; machine dressed, 3s 6d to 3s 9d per bushel Cocksfoot, slow sale at 3d to 4d per lb Potatoes Prices have slightly hardened, and they are now worth £6 to £7 per ton. Dairy Produce Factory cheese firm at 6d to 6|d, cases included; farmers, s|d per lb for prime. Butter, 8d for farmers’ lots, with an upward tendency. Straw Oaten and wbeaten, 40s. Clover and ryegrass hay, 655. Eggs scarce. Honey, 4d to 4|d. Hams and Bacon—Hams, 9d; rolls and flitches, G J-d. Sheepskins On Monday country dry crossbreds, low to medium, brought Is” 2d to 3s 9d; full-woolled crossbreds,

4s to 5s 8d; do do merino, 8s 8d lo 5s 3d; dry pelts, 3d to Is; green do, 19d to 9d; lambskins, 2s 3d to Is 3d.

Hides—lnferior and hulls’, to Id; light, to 2|-d; medium, 2fd to 3d ; over 601 b, in satisfactory condition, 3id to per lb. Tallow—Prime mutton, 25s 6d to 26s 6d; good to prime, 24s to 255; medium, 22s 6d to 23s 6d; inferior, 20s to 21s 6d; rough fat inferior, 10s to 15s, medium, 15s 6d to 17s 6d; prime, 18s to 19s per cwt,

DUNEDIN STOCK MARKET.

At the Burnside Yards on Wednesday the following business was transacted :

Fat Cattle —Only 169 head were yarded, chiefly medium quality, very few prime. Best bullocks brought £7 10s to £9lss; ordinary, £4 2a 6d to £6 17s 6d ; cows in proportion.— Messrs Donald Eeid and Co. sold for Mr James Guild (Trevenna), 6 prime bullocks to £9.

Fat Sheep—2oß3 were penned, and with the exception of a couple of pens merinos all the rest were crossbred. Best crossbred wethers brought 10s to 11s 9d, one small pen (extra prime) to 12s 3d; ordinary, 6s 9d to 9s 6d; best do ewes, 8s 3d to 10s 3d ; ordinary, 6s 3d to 8s; a few merino wethers to 8s 3d; do ewes, to 6s Bd. Fat Lambs —1605 were penned, nearly all good to prime. There was a heavy drop in prices. The range was from 3s to 7s 6d—Messrs Eeid, Maclean and Co. sold 80 for Mr W. Grant (Timaru), at 6s 3d to 6s 6d,— Messrs Donald Eeid and Co. sold 70 for Mr A. Grant (Temuka), at 7s 6d. Pigs—l7o were penned. The demand was dull all through, and prices easier., Suckers brought 7s 9d to 14e; light stores, 14s 6d to 16s ; porkers, 25s to 81s; baconers, 34s 6d to 40s.

AUSTRALIAN MARKETS,

Sidney, February 7. Potatoes, easy at from £lO to £l2, with a decline in prices. Maize is declining; present quotation, 2s 6d to 3s 3d. Oats, 2s lOd to 3s 6d. Cape barley, 3s 9d to 4s. Bran, dull at lid. Pollard, steady at Is to Is Id. Wheat, chick, 3s 3d to 3s 7d; milling, dull at 4s 3d to 4s sd. Butter, dairy, lOd to la; New Zealand butter, 9d to Is. Cheese, plentiful. New Zealand sorts, 6d to 9d. Bacon, 9d to 9|d. Best lightweight New Zealand chaff, £5 to £6; South Australian chaff, £7 to £7 10a. Melbourne, February 7. Wheat, strong tone at 4a Flour, stone makes, £lO. Oats, Calcutta, 3s Id; tartarian, 3s 4d; stout, 3s lOd. Capo barley, 3s Sugar is advancing. Whites have risen to £33. Adelaide, February 7. Wheat, farmers’ lots at Port Adelaide, 4s 3d to 4s 6d, and at outsorts, 4s 4d, Flour, roller makes, £ll 10s; stone makes, £lO 15s. Bran, Hid. Pollard, lid. Oats, 4s. Barley, malting, 5s 6d to 5s 9d. Sugars, whites, £24 10s.

ENGLISH MARKETS,

London, February 5. The total quantity of wheat and flour afloat for the United Kingdom is 2,340,000 quarters; for the Continent 872,000 quarters. The American visible supply of wheat ,is 34,875,000 bushels. The English wheat market has experienced a decline. The Continental market; ris firm; the American buoyant. Prime New Zealand mutton is firm at 4d. Leather, best sides, 9d to 9|d. An Australian cargo of wheat has been sold on the Continent at 38s l|d. An ofE-coast cargo has been sold at 38s 7fd. February 6, At the wool sales to-day 14,000 bales were catalogued, and the bidding was spirited. Foreign buyers were strongly represented.