COMMERCIAL.

Temuka Leader, Issue 1860, 2 March 1889, Page 4

COMMERCIAL.

CHRIBTCHURCH COEN EXCHANGE,

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

Perfect harvest weather continues, and thrashing operations are becoming general. Numerous samples are being offered, but business up to the present has been restricted, owing to the fear of buyers to purchase stook-threshec grain, millers and maltsters being particularly averse to operating. The grain now coming to hand (thanks to the harvest weather of the past few days) is in much better condition than earlier samples. Freight accommodation is more plentiful, 30s to London being full rates. Intercolonial business is rather restricted, no doubt owing to the anxiety of their local farmers wishing to realise while prices are good. Freights, however, are becoming more in favor of shippers. Wheat—Last week’s prices have not been maintained. Tuscan cannot to-day be quoted at more than 3s 4d to 3s sd; hunters and pearl 3s 3d to 3s 4d; second quality is dull at 8s to 3s Id; and broken chick wheat at 2s 3d to 2s 6d.

Oats, like wheat, have eased off to-day, 2s 3d being the top price for short feed; milling are worth 2s 4d to 2s sd.

Barley—Buyers are holding aloof until the barley has been stacked, and at present it is difficult to place prime at over 3s 4d to 3s 6d; feed is very quiet at 2s 3d. Beans are not offering. Blue Peas have a good demand at 3s 6d for hand thrashed, and 3s to 3s 3d for machine-dressed.

Grass Seed—A strong demand still exists, but few lines are coming to hand. 3s 6d to 3s 9d is being given for machine-dressed, and 2s 6d to 2s 9d for farmers’ parcels. Cocksfoot: Market has opened at 2|d to 2f d for good ordinary seed, while 3d is given for extra prime heavy seed. Dairy Produce—Butter is dull at 6d to 7d, but stocks are not large. Cheese is quiet at 3d for small loaf, and 4d to 4|d for large and medium. 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 sheep and lambs, and very moderate entries of cattle yarded for the day’s supply. Fat Cattle A small entry. No improvement in values. Steers sold at from £5 2s 6d to £6 7s 6d; heifers at from £3 to £5 2s 6d; being at from 16s to 17s per 1001 b, according to quality. Yeai Calves—A small entry. Prime sorts sold at from 18a 6d to 255, medium 5s 6d to 11s.

Fat Sheep—A very large entry, the quality, on the whole, fairly good. The primest crossbred wethers sold at from 9s 9d to 10s 6d, and in one case as high as 12s; medium weights, 8s 6d to 9s 3d. Crossbred ewes sold at from 5s 3d to 9a; merino wethers, 4s to 5s 3d, being at from I£4 to l|d per lb, according to quality.—-Miles and Co. sold for Mr E. M. Templar, 28 crossbred ewes, 7s to 7s 3d.

Eat Lambs—A very heavy entry, and a drop in values of about Is per head. Yery primest sold at from 8s to 9s Id; medium, ss. 6d to 7s 3d.

Pigs—A moderate entry, with a fair demand. Stores sold at from 12s to 21s; porkers, 21s to 355. DUNEDIN PRODUCE MARKETS, The following is the report for the week ending Wednesday:— Wheat—There is very little, if amy, prime milling wheat in first hands, but there is no improvement in demand. A moderate quantity of medium is still in the market, a few small lots of which are occasionally disposed of, but at very unsatisfactory prices to wheat is also in good supply, and lower. Prime milling, 3s 3d to 3s 6d; medium to good, 2s lOd to 3s 2d; inferior and good whole fowls’ wheat, 2s to 2s 9d (ex store). Oats—The tone of the market is rather unsatisfactory. Small lots occasionally command fair prices, but large sized parcels couM not be placed < at the same fig’ures. Millers are purchasing small lines suitable for milling, just sufficient to keep them going for the time being, expecting the new grain to he in the market immediately, and obtainable at lower prices, which is almost safe to be the case should growers insist upon immediate sale. Prime milling, thiiaskinned, stout, and bright at 2s 4d to 2s sd; best short bright feed, 2s 3d to 2s 4d; medium, 2s to 2s 2d; inferior and musty, Is 8d to Is lOcl (ex store). Barley—Samples of the new crop are now being offered, but no business of any consequence has as yet resulted. Sales of good quality (new crop) are said to be made at 3a 6d (f.0.b.) at Lyttelton, and if that is so prices here will not be very much higher.

Grass Seeds—Bvegirass: Parcels of undressed are held for 2s 9d to 3s ; dressed, 3s 6d to 3a: 9d. There is little or nothing doing in cocksfoot. Potatoes —I) erwenics, £i 10s to £4< 15s; others at reduced prices. Pigs—Well fed, up to 1801 b, 4d. Hams and bacon: Hams, 9d; rolls and flitches, U^d.

Chaff P 'rime heavy oaten sheaf varies very much in ]price, and £3 XOs to £4 has been realised; medium,^

£3 5s to £3 10s; straw chaff, unsaleable. Straw: Oaten and wheaten, 40s. Hay: Oaten, 655; clover and ryegrass, 655.

Butter Salt, firm at 8d (kegs extra); fresh, very • scarce. Eggs: Plentiful.

Honey—Extracted, 4|d; run, 3id to 4d.

Cheese Prime Akaroa, Cheddar shape, sd; loaves, sjd; factory, 6d; loaves, 6|d.

Sheepskins—On Monday best dry crossbreds, low to medium, brought Is 3d to 3s 8d; do do merino, Is 2d to 3s sd; full-woolled crossbreds, 3s lOd to 5s 6d ; do do merino, 3s 6d to ss; dry pelts, 2d to Is Id; green do crossbred, 2s sd, 2s 4d, 2s 3d, 2s 2d, 2s Id, 2s, Is lOd, Is Bd, Is sd; green lambskins, 2s 9d, 2s Bd, 2s 7d, 2s sd, 2s 3d, 2s, Is lOd.

Hides—Heavy weights, free from scars and offal, over 601 b, 3£d to 3£d; medium, 2fd to 3d; light, 2|d to 2fd; inferior (slippy and bulls’), Id to l|d per lb. Tallow—Prime mutton, 21s to 225; medium to good, 19s to 20s; inferior, 13s 6d to 18s; rough fat—best caul, I7s to 18s: good to prime, 15s 6d to 16s 6d; inferior to medium, 10s to 16s per cwt. DUNEDIN STOCK MARKET. At the Burnside Yards on Wednesday the following business was transacted :

Fat Cattle—326 were penned, comprising all qualities from inferior to prime. Prices showed a large reduction on last week’s sales- There was about 100 head turned home unsold. Best bullocks brought £6 17s 6d to £8 7s 6d; ordinary, £3lss to £6 10s; cows and heifers, £3 2s 6d to £7 10s. —Wright, Stephenson and Co. sold :!or Mr James Guild (Trevenna), 6 prime bullocks at from £7 7s 6d to £8 ss; for Mr W. Deßenzy (Winchester), 6 prime steers and heifers at from £5 2s 6d to £7.

Fat Calves—Only a few yarded, which realised from 8s to 18s.

Fat Sheep—l6sß were penned, of which 200 were merino wethers of good quality, the balance crossbreds, comprising all qualities, Best crossbred wethers, 9s 9d to 11 s 6d ; a couple of extra prime pens, 12s 9d ; ordinary, 8s 3d to 9» 6d; best do ewes, 9s 6d to 11s; ordinary, 6s 9d to 9s; merino wethers, Is to 6s. Fat Lambs—479 were penned. Prices ruled a little higher than last week’s sales. Best brought from 7s 6d to 8s 9d; others, 5s 6d to 7s. Pigs —l4B were penned, mostly suckers, for which there was less demand and prices realised considerably lower. Porkers and baconers had better attention. Suckers brought 7s to 13s 6d; porkers, 38s to 425; baconers, 44s to 555; extra heavy, to 655. AUSTRALIAN MARKETS. Sydney, February 28. Oats, dull and plentiful, at 2s 9d to 3s 3d. Maize, weevily, 2s 6d; sound, 3s 6d. Pollard, Is to Is Id. Wheat, quiet; feed, 2s 9d to 3s 6d; milling, 4s 9d to 5s Id, for Adelaide ports. Potatoes, New Zealand, £6; Warrnambool, £5 10s: Circular Heads, £7. It is expected that prices will be lower shortly. Onions, £ll. Cheese, market glutted; New Zealand, 5d to 7d. Bacon, easier, 9d to 9|d. Hams, dull, lOd to Is. Bran,, 10|d to lid. Butter, factory made, lOd to Is, with plentiful supply ; New Zealand, nominally 6d to 9d.

Melbodene, February 28. Wheat has advanced, and is now quoted at 4 s 10|d. Flour, stone made, £lO 1C is. Oats, danish, 3s lOd. Barley, Capo, 3s 3d. Maize; 4s 2d. Bran, Is l^d. Adelaide, February 28. Wheat, 4fii 6d at Port Adelaide; 4s 4d for outports. Flour, roller made, £ll 5s ,• stone made, £lO 10s; market quiet. Bran, Hid. Pollard, Is Id. New Zealand oats, 4s 2d to 4s 3d. Barley, malting, ss. ENGLISH MARKETS. London, February 26. New Zealand mutton, 41d per lb. Leather, best sides, B|d to 9d. Market rate of discount for short dated bills 2|: per cent.

February 27. The quantity of wheat and flour afloat for the United Kingdom is 2,048,000 quarters; for the Continent 432,000. The visible American supply is 32,750,000 bushels. The English wheat market is firmer ; American and Continental unebang ed. Forward business shows an advance in values. Arrivals of foreign wheat are moderate in quality. Off coast cargoes have met with ready sale lately. An Australian cargo of wheat has been sold at 38s 9d.