COMMERCIAL.

Temuka Leader, Issue 1940, 7 September 1889, Page 4

COMMERCIAL.

.. AUCTIONEERS' REPORT. GERALDINE. Messrs Webster, and Macdonald report for week ending Sept. 7th as follows: In opposition to the forebodings of farmers and the weather wise-gene-rally, who are predicting a very severe spring owing to the fine weather that has gone by, we are having beautiful spring weather, and our sale day last Wednesday was no exception, being a fine bright day; just the weather to make the grass .grow and put everybody interested in good humor. Therefore we looked forward to a livelier sale than we have had for some time past, and we were not disappointed, as nearly all the lines we offered changed bands at satisfactory prices, Fat Sheep were not quite up to the average quality, as turnips are remaining short and fat sheep falling off. We sold for Mr A, Kelman, 59 2-tooths at 11s 3d; on account of Mr A. Mackenzie, 14 2-tooths at 11s ; for same owner, 68 nice quality Southdowns at 9s Id ; for Mr D. Eoss, 144 2-tooths at 10s 9d. In Store Sheep we offered some splendid lines of hoggets, which created keen: competition and sold up to 10s lOd; on account of Mr W. Helem, 102 hoggets afe-lOs lOd ; same owner, 100 2-tooths, 10s 6d; for Mr Allan Macdonald, 400 f-bred hoggets at 10s 6d; for <same ! owner, 122 f-bred do at 9s 4d; for Mr J. Love, 169 f-bred do at9s7d; same owner, 219 f-bred do at 9a. We forwarded to Addington on account of a client 117 wethers and ewes, realising from 13a 6d up to 16s ; for a client, 120 4-tooth wethers and maiden ewes from 14s lOd t® 15s Id, Cattle—Not much demand. Milch cows up to £4 10s. Pigs—-Stores up to 15s each.

CHRISTCHURCH STOCK MARKETS. At the Addington market on Wednesday, prices all round were rather low, and are likely to remain so while such large entries are being received. Bat Cattle—There was rather a large entry of this class of cattle yarded, but the quality was only of a medium nature. The inquiry for first-class beasts was fairly keen, but inferior sorts were hard of sale. Best, beef made from 16s to 18s 6d per 1001 b, and inferior up to 15s 6d. Best heavy weights made from £6 10s to £8 2s 6d ; inferior ones from £3 to £6 ss. Dairy Cattle—Entries were small, and prices good, anything of a superior quality being well competed for. : Bat Sheep—Another large entry brought forward. The quality all round, however, was poor, inferior and second rate sheep being most prominent. This caused a rather dragging sale, and prices showed no improvement on last week’s quotations. Best mutton may he quoted at and inferior from LJ-d to 2d per lb, Messrs H. Matson and Co. sold for Mr T. Parke, Temuka, 120 crossbred maiden ewes at 15s 5d to 17s Id; for Mr A. Grant, 65 merino wethers at 7» 7d to 7s 9d; Mr B. Bayley, 360 crossbred wethers and maiden ewes at 13s 2d. Messrs Pyne and Co. sold for Mr Guerin, 120 crossbred wethers and maiden ewes at 14s lOd to 15s Id. Bat Lambs —A few of this season’s lambs-sold readily at from 7s to 14a. Store Sheep—Crossbred ewes made from 6s 3d to 8s 6d, and a line of hoggets made 7s 9d. > ' Pigs—There was a heavy entry of pigs, including a few prime baconers. Prices, however, were decided low, especially for inferior q uality.

DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday;— . Wheat—Thb ordinary demand for local requirements continues to exist, but, nothing further, and, with only a limited output from our mills, the sales effected are extremely small. It is extremely difficult to predict the future of the market, but the outlook at present does not seem promising, We quote good to prime milling, 3s 6d to 3s 9d ; medium to good, nominal, 3s 3d to 3s 5d ; inferior to good whole fowls’ wheat, 2s 9d to 3s 3d (ex store).

Oats —A moderate demand exists for these. Speculators are, disposed to operate, but they are not inclined to give prices lately quoted. Prime milling, bright and stout, are now in small compass, but the consumption is limited. The demand for oatmeal having in the meantime almost ceased millers are only buying to supply actual, reauirements. Quotations are —For ; stout bright milling, 2s B|d to 2s 9id; best short feed, 2s 6d to 2a 7d; medium to good, 2s 5d to 2s 6d; inferior to medium, 2s 4d to 2s 5d (ex store; sacks extra). Barley is in no demand of any consequence. The tone of the market is exceedingly dull, especially in respect to ordihary malting sorts, which are offering freely. Quotations are—For prime malting, 8s 7d to 3s 9d; medium, nominal, 3s 3d to 3s sd; feed and milling, 2s to 2s 9d (ex store; sacks extra), Byegrass—The demand for ryegrass is gradually increasing, and present quotations are likely to bo maintained. Local-grown machine-dressed, 4s 3d to 4s 9d; undressed, 3s 3d to 4s > Poverty Bay, us Gd to 7s (ex store ; sacks extra). Cocksfoot: The market

is fully stocked, and at the moment the demand is limited, although further on an improvement is anticipated. Quotations are : For machine-dressed, 4d to 4|d; inferior to medium and good, 2|d to 3fd per lb. Potatoes—There is no improvement to be reported in the position of the market, which continues dragging. Best northern, 90s to 955; medium, 80s to 85s; southern, best, 70s to 75s per ton.

Dairy Produce The market remains quiet, and at the moment shows no immediate signs of improvement, Small sales have been made at for prime salt butter at 5d to 6d; prime factory cheese at 4fd to 5f d per lb. Pigs —Well fed up to 1801 b, 4d to 4f d, Hams, Sd to Bfd; rolls and flitches, 6d to 6fd. Chaff—Well cut heavy oaten, £3 15s to £4 ; inferior, £3 to £3 10s. Turnips, 17s, loose, Carrots, 35s to 40s. Clover and ryegrass hay, 65s to 70s. Honey—4fd to4jd for extracted.

Sheepskins —On Tuesday country dry crossbreds, inferior to medium, brought Is 4d to 3s lOd ; do do merino, la 3d to 3s 9d; medium to full-woolled crossbreds, 4s to 9s; do do merino, 3s lOd to 7s 6d; dry pelts, 2d to Is 2d; butchers’ green crossbreds — best, 6s 3d to 5s Id; good to medium,, 5s to 3s lid; green merinos, 6s to 4s 3d. Hides—The depression prevailing here for some timestill continues, and at the moment the prospect of an improvement in price seems somewhat remote. We have no alteration to make in last week’s quotations: Dry salted heavy weights, free from scars and offal, 2fd to 8d ; medium, 2fd to 2fd; light, 2d to 2£d’; inferior, l|d to If d per lb. Tallow Prime rendered mutton, 19s to 20s; medium to good, 16s to 18s; inferior and mixed, 12s 6d to 15s ; rough fat, best mutton caul, 13« 6d to 14a; inferior to medium and good, 9s to 13s per cwt.

DUNEDIN STOCK MARKET. At the Burnside Yards on Wednesday the following business was transacted : Bat Cattle—Only 163 head came forward. Sales opened with a moderate demand, which was continued throughout, prices showing a slight improvement on last week. Best bullocks sold at £7 5s t«.£B 15s ; extra heavy, 1 pen, £8 17s 6d to £lO ; ordinary, £4 10s to £6 15s; cows and heifers, £3 5s to £7 2s 6d. Wright, Stephenson and Co. sold for Mr Guild (Trevenna), 6 prime bullocks at from £8 17s 6d to £7 15s. John Grindley sold for the same vendor 2 prime bullocks at £lO, 4 at £9 2s 6d, 2 at £8 ss, 2 at £B, 2'at £7 12s 6d. Bat Sheep—32s4 were penned, of which about 400 were merinos. Ordinary quality had a poor demand, and prices obtaining for such were again lower, while prime heavy wethers and ewes fetched about equal to last week’s rates. On the whole the market was about the dullest of the season. Best crossbred wethers brought 13s to 15s 9d, one pen 16s; ordinary, 8s 6d to 12s 6d; light, 6a 6d to 7s 9d ; best crossbred ewes, lls to 14s; ordinary, 6s to 10s 6d; merino wethers, 5s 9d to 7s 9d. Pigs —221 were penned. The demand to-day was only moderately active, and prices all through were in favor of buyers. Suckers brought 8s to 13s; stores, 15s to 245; porkers, 26s to 355; baconers, 38s to 475, extra heavy to 60s. . AUSTRALIAN MARKETS. * Sydney, Sept. 4. Wheat is dull. Chick feed, 3s 5d to 3s 6d; New Zealand milling, 3s 9d to 4s 2d ; Californian,,4s 4d to 4s 6d; Adelaide, 5s to 5s 2d. Blour, New Zealand stone-made, £9 15s to £lO 10s; roller-made, £lO 10s to £ll ss. Oats, very sick; feeding, 2s 8d to 3s (very large stocks held) ; seed, 3s to 3s 2d. Maize, 3s lOd to 3s lid. Barley, feed, 2s 9d; Cape, 2s 8d to 3s (nominal). Bran, easier, 9d to Pollard, dull, 9d. Chaff, New Zealand, £5 10s to £6. Potatoes, New Zealand, £4 10s to £4 17s 6d; Circular Heads, £5 10s. Onions, scarce, £29 to £3O. Butter, imported dairy, 9d to Is; local, Is to Is 4d; factory, Is 4d to Is 6d. Cheese. 5d to 7d. Bacon, local, 7d to 7|d; New Zealand, 9d to (nominal). Hams, lOd to lid.. Melbourne, Sept. 4. Wheat is very strong; 5s 6d has been offered without response. Blour, stone-made, £lllos. Oats, 3s; New Zealand, 4s 6d. Maize, 4s to ss. Barley, Cape, 3s (refused); New Zealand, prime malting, 5s 6d; inferior to medium, 4s 9d to se. Bran, Is id. Peas, ss, Adelaide, Sept. 4. Wheat is dull. Banners’ lots, 4s 9d to 4s 10d; shipping, 4s 10|d to 4s lid. Blour, stone-made, £lO 10s to £lO 15s; roller-made, £ll 10s to £ll 15s. Oats, New Zealand, 4s 3d to 4s 4d. Barley, malting, 4s Gd to, 4s 9d. Bran, Pollard, la. ENGLISH MARKETS. London, Sept, 4. The market rate of discount is 3£ per cent. New Zealand prime mutton is 6d per pound. The quantity of wbent and flour .float for the United iuugdom is 1,800,000 quarters, and for the Continent 336,000 quarters,

The English wheat market is steady ; the Continental inactive; the American firm.

The Antwerp wool sales have closed. For superior and medium Eiver Plate wool prices remained firm, but for inferior sorts and lambswool prices were weak. One thousand bales of Australian wool sold at a price fully equal to those obtained at the London sales in July. Altogether 8000 bales were offered, ®f which 2400 were sold.

The New Zealand Loan and Mercantile Company have received the following cablegram from their London office, dated 3rd inst.: —“Wheat: The market is very weak. New Zealand (f.a.q., c.i.f., to arrive off coast) has declined 6d per 480 lb since last report. There is no demand. Frozen meat: Mutton market dull. Canterbury is worth sfd per lb; Wellington, sid per lb. Beef market quiet.”