COMMERCIAL.

Temuka Leader, Issue 1888, 7 May 1889, Page 4

COMMERCIAL.

AUCTIONEERS' ftEPOHT. Mr Moss Jonas reports as follows : Newmarket Yards—As usual, the Newmarket Yards had a large quantity of stock entered, and out of 2500 Bheep and 109 head of cattle there were only 450 sheep and 16 head of cattle turned out unsold. He sold 560 fat ewes from 6s 3d to 8s lid, 120 fat merino ewes averaging 6s 4|d per head, 800 full-mauth ewes from 5s 9d to 6s 6d, 170 crossbred lambs at 5s 3d, 300 do ewes from 6a to 7s 6d, and other smaller lines at values; 47 head yearlings and 18-months steers steers and heifers at £1 10s, 10 fat cows from £3 12s to £4 12s 6d, 14 steers and heifers at £2 17s 6d, milch cows at £2 ss, £3 7s 6d, 4s 10a, to £5 ss. Washdyke Yards—-These yards are again coming to the fore, and he is pleased to say that the entries of sheep are increasing, and buyers requiring good-sized lines look to this market to procure them. He has sold fullmouth ewes at ss, 193 crossbred ewes at 6s 6d, 219 at 5s 6d,- and 200 at > 6s 9d. Pleasant Point—He had a most successful sale at theso yards, when he sold 2270 sheep and 83 head of cattle, as follows :—Bl fat sheep at 9s, 124 at Bs, 70 at 8s 9d, 142 at 8s lOd, 56 do at lis 6d, 138 half bred ewes at 5s lOd, 172 hoggets at 5s 4d, 160 do at ss, 200 crossbred ewes at 5s 7d, and 90 at 6s 3d, 200 halfbred ewes at 5s 6d, and the balance from 3s to 4s 9d; 4 steers at £5, 3 at £4, 6 at £3 ss, 24 steers and heifers from £1 19a to £2 6s, 23 yearlings from 11b to 2ls, heifers and milch cows from £3 2s 6d to £4 Bs. He also sold 53s pigs from 6s 6n to 20s, and 16 rams from 10s to £lss. Sheepskins, Hides, and Pat—His catalogue comprised 2562 sheepskins, 44 hides, and l|- tons fat. Crossbreds realised frcm Is 6d to 3s 7d ; lambs, Is 9d to 3s Id; pelts, 2d to Is 2d ; hides, at market quotations. Pat —Eendered, 12s to 15s ; rough, from 88 to 13s per cwt. Privately be sold 1777 freezers at 3s G<l and 4s.

TIMARU MARKETS. At auction in Timaru on Saturday, oats (danishj realised 2s 3d to 2s sd; milling, 2s 6d; fowl wbeat, 2s to 2s 9d. Potatoes, 65s per ton; onions, £l3 per ton; oaten-sheaf chaff, 70s per ton; rough fat 9s per cwt.; honey, 3d per lb. No milling wheat was sold. CHBISTOHURCH CORN EXCHANGE. The Corn Exchange reports for the week ending ITriday evening, the 3rd inst.: — Since our last the grain business has been carried on at a brisk rate. Considerable transactions are daily taking place in both wheat and oats, tuscan being all taken for Sydney, ■

and the chief part of the hunters going into the London ships. Oats have come more into notice during the week, but prices do not improve, the demand being oil a more speculative character than wheat. Barley is dull, and it is difficult to quit except prime malting. Potatoes are now being offered, but sales are not large on account of buyers' and sellers' views as to value being diversified. Freights to London are plentiful, and easy terms can be arranged. To Sydney all available space is quickly taken up at current rates. The following are our quotations for the week : Wheat Tuscan, good demand, at 3s lid to 4s. Pearl and hunters are not so much required, and range from 3s 6£d to 3s Bd. Whole chick wheat is worth 3s to 3s 2d, and broken 2s 6d to 2s lOd. Oats—Milling are worth 2s 9d to 2s lOd; short, heavy, feed, 2s 8d to 2s 9d; long and inferior grades, 2s 6d to 2s 7d. Barley—Prime malting remains at 3s 9d to 3s lOd, but second and medium quality are dull at 3s 3d to 3s sd. Feed ia quiet at 2s 8d to 2s lOd. Beans are now offering freely at 3s 4d. Peas are dull at 3s 6d to 3s Bd. Feed sorts are worth 3s to 3s 3d. Potatoes—Derwents find buyers at 50s at country stations, but prices are expected to improve. Grass Seed Machine-dressed is going out in small quantities at 3s 9d to 4s, but farmers' lines are not quito so brisk at 2s 9d to 3s. Cocksfoot varies, according to weight and quality, from 2U to 2|d. Dairy Produce Butter remains quiet at 9d to lOd. Cheese is dull at 4d to 4id. The above prices are those paid to farmers for delivery f .0.b., sacks extra.

CHRISTCHURCH STOCK MA.EKBTS. At the Addington live stock market on Wednesday there were large entries of all kinds of stock. Fat Cattle—A large number yarded. Heavy-weight bullocks sold at from £5 35s to £7; medium weights, £4 10s to £5. Heifers sold well at from £3 15s to £6 10s, or from 16s to 17s 6d per 1001 b, according to quality. Store Cattle—One line of fine two-year-old steers were sold at £2 10s a head. Forward yearlings were well represented, and sold at from £1 10s to £2, while three-year-olds fetched from £3 to £3 10s. Dairy Cattle—Another large entry. Best cows sold at from £5 to £8 10s, but towards the close prices showed a considerable falling off. Eat Sheep—There was another good entry, chiefly heavy-weight crossbred wethers. Prices showed a falling off all round, and the sale dragged considerably towards the close. Firstclass crossbred wethers sold up to 14s, and good crossbred ewes ranged from 10s to 12s 6d. The N.Z. L. and M.A. Co. sold for Mr A. M. Clark, 100 crossbred wethers from 13s 3d to 13? Bd, 100 ewes at lis 3d to lis 9d ; for Newlands Estate, 60 crossbred ewes lis to lis 6d. Lambs —A medium entry of mired quality, with fair demand for anything good. One pen of magnificent crossbreds fetched 15s 3d a head; others sold at 6s 3d, 6s 6d, Bs, 9s, and lis 3d, according to quality. Pigs —An extremely large extremely entry. G-ood baconers went at from £2 to £2 10s, and porkers ranged up to £llss.

AUSTKALIAN MAEKKTS. Melbotjene, May 3. Wheat—Demand limited; holders are unwilling to accept 5s 7d. Sydney, May 2. The statistical authorities have not quite made up their minds as to whether the surplus wheat available for export has already left the colony or not-. Millers decline to pay the prices now asked, and many mills are consequently working short time. The Age considers that the balance of the new crop now left on hand must be merely nominal, not more than 1700 tons, but a considerable quantity of old wheat having been brought forward, there is little danger of absolute scarcity. On the other hand the Argus estimates that there are 26,000 tons available for shipment. May 3. Steady business is being done m wheat. New Zealand sorts are quoted at 4s 5d to 4s lid ; South Australian 0s 6d. ENGLISH MARKETS. London, May 2. • \ Tallow—Best mutton, 2Gs to 26s 6d; | beef, 25s 6d to 265. German sugar is firm at Hamburg and Antwerp at 23s f.o.b. Os hides, 3fd per lb. The next wool series open on June 18th. Arrivals up to 4000 bales have been admitted. The fourth series open.on September 17th, and the fifth series on November 26th. The catalogues will be unlimited. New Zealand mutton, lamb, sd; beef, 3R New Zealand 4 per cent, inscribed stock has advanced to 10G. The market is active. Australian wheat, ex warehouse, is quoted at 39s 6d. The market is quiet. New Zealand long-berried wheat, ex store, is firm at 395. May 8. The following advances havo taken place in merinos as compared with the closing rates of the February sales : Combing, best lambs', Id; greasy

clothing, inferior lambs', to Id; inferior scoured, Id to l£d; superior scoured, fine crossbred, Id, There is a general advance of 10 to 15 per cent. Last year's stocks are low, and the prospects for next series are bright. AMERICAN WHEAT. Messrs Balfour, Guthrie and Co., of San Francisco, report, under date sth April, 1889, that the ship Eeaper i sailed for Sydney on the 28th March with a cargo of 70,000 bushels wheat. They further state that all the steamer space for April, May, and June, 800 tons in each steamer, has been taken up. The ships Brynhilda, G-atherer, and Netherby are to follow the Reaper with grain. The rates of freight to U.K. for orders have declined to 27s 6d, in the face of weak European wheat markets and some pressure on the part of owners to fix/?