COMMERCIAL.

Temuka Leader, Issue 1956, 15 October 1889, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE. The following is the Corn Exchange report for the week ending Friday, Oct. llth, 1889 : In cereals business has been quiet, and farmers have been offering freely. Wheat is in much the same position as it was last week, the tendency being, if anything, m favor of_ buyers. Fair sales have been made, principally to speculators for the Home market, whilst holders who are not disposed to accept current rates have been arranging to send their wheat in the same direction on their own account, The oat market has been for some time past in an unsatisfactory, state, owing mainly to the uncertainty that was existing as to the fiscal charges in Victoria. Now that the question is definitely settled, and that the additional imports will be made on the 25th inst., our southern neighbors have temporarily weakened prices by undue haste to ease off their stocks, there is, however, an impression that oats will rally before the season closes. Barley is without alteration. Spring sowing is about closed, and business in grass seed is not so brisk. Potatoes are now in strong favor, but rates have reached a level which renders speculation dangerous. Therefore, purchases are now being made on the basis of actual orders only. Peas and beans still hang fire, and holders of the latter are consigning Home, to be clear of their stocks before the advent of next season, Considerable shipments of butter and cheese have been made to London by direct steamers, which should impart a healthier tone to the market later on. Quotations for the week are as followsWheat —Prime tuscan, 3s 3d to 3s 4d; pearl, 3s Id to 3s 2d; hunters, 2s 9d to 2s lid; chick (whole), 2s 4d to 2s 6d.

Oats—Milling, 2a 6d to 2s 7d ; short feed, 2a 4d to 2s sd.

Barley—Prime malting (scarce), 8s 6d to 3s 9d; second quality, 2s 6d to 3s; feed, 2s to 2s 3d. Ryegrass—Town, machine-dressed, 4s 3s to 4s 6d; farmers’, 3s to 3s 3d. Cocksfoot—Bright heavy seed, 3d to Sid, Potatoes —Prime derwents, 95s to 100 s, at country stations. Butter and Cheese Without change. The above prices are those paid to farmers for delivery f.o.b. sacks extra —potatoes excepted. AUCTIONEERS' REPORT. TIMARU. >' Messrs Gracie, Maclean and Co. report for the past fortnight ending Saturday, as follows: — Horses —On the sth inst., after the parade of entire horses, we offered at the Timaru Horse Bazaar several draught, thoroughbred, and coaching stallions, but in no instance did the bidding reach the owners’ expectations. We subsequently sold privately, in conjunction with Mr Mundell, on account of Mr Robert Gawn, Deer Park, Mosgiel,, the draught horse Marquis of Salisbury to Mr George Stumbles, of Timaru. To-day we sold Little Shamrock to Mr Twomey for 125 guineas. Really good draughts are still in demand, and roadsters possessing strength and not too old, are also more enquired for. We quote medium to good draughts £ll to £23, inferior £8 to £lO, Hacks — medium £7 10s to £l3 3s, light and weedy £3 to £6, Sheep—The demand for freezers during the week has been exceptionally brisk at improved values, and there are now very few lots on offer. Young store sheep are also more enquired for by local graziers, and sales have been effected at fully Is advance. At Pleasant Point on the 7th inst., the entry was an average one, and all lots changed hands. \Ye sold 128 fat wethers at 15s 14s 9d, 50 crossbred hoggets at Us 7d. At Washdyke yards the entries haye fallen off considerably of late. We sold 177 crossbred hoggets, at 13s 7d, 158 do do at 10s lOd, 44 fat sheep at 13s 6d, 20 fat ewes at 12s Id, 34 ewes and lambs at 13s. We also disposed of privately 830 freezers, 700 cfosshred hoggets, and 90 lambing ewes all at full values.

Cattle—Fat cattle are becoming scarce in the district, and only a few odd lots have come forward at any of the sales this week. realised from 20s to 22s 6d per 1001 b according to quality. At equal to the latter price we sold privately 40 head prime heavyweight bullocks, on account of the Levels Estate, In store cattle there has been a large business done during the week at prices much more satisfactory to the grower than for the past twelve months. The classes most run upon at present are 3-year-olds and yearlings. At Pleasant Point the yards were filled, and several lots had to he sold in the paddocks. There were also good entries at Washdyke and Winchester. We sold 5 steers at £2 15s, 5 do at £8 15s, 7 do at £2 7s 6d, 8 do at £2 18s, 6 do at 31s, 8 head at 26s to 275, 5 cows at £3 to £4 2s 6d, 11 yearlings at 15s, 4 heifers at 31s to 50s, 12 steers at £3, 8 yearlings at £1 3s, 6 calves at Bs, 2 cows at £3 10s, 2 head at £4 4s, 4 bullocks at £7 10s, 1 cow at £6 6». Pigs—Only a few offering; wellgrown stores in demand. We sold 2 sows at 80s, 12 weaners at Bs.

Skins—At our sale on the 2nd inst., We catalogued and sold 840 skins. Competition was brisk and prices favourable to sellers. Best crossbreds sold at 6s to 6s 9d, seconds, 4s 9d, ss, to 5s 9d, thirds 2s 6d to 4s 3d, Land—We have to report the sale of Mr William Menzies’ farm, situated on Seadown, consisting of 197 acres, with all the improvements thereon, to Mr W. Gunn, at a satisfactory price, with all stock, implements, &c., to be taken at valuation. Wa have also sold Mr Wm. Nelson, Napier, a valuable section of 106 acres, adjoining the Washdyke railway station, on account of Mr William Grant. ENGLISH MARKETS.

London, Oct. 11. Wool is firm, and for bright crossbreds there is a spirited competition. Glasgow, Oct, 10. New Zealand 4 per cent inscribed stock, 106?, ex dividend. Australian wheat ex warehouse, 39s 6d. The market is quiet. The business in New Zealand long berried wheat,: ex store,: is very restricted at 38s. Sugar, German beet, 12s ; Java, 15s. Iron, the market is active at 68s 6d. I Tallow, best mutton, 27s 6d to 28s; best beef, 26s 6d to 275. Kauri gum is advancing. Ox hides, 3?d and 3?d per lb. There is no change in the quotations for frozen mutton. Oct. 12. At the wool sales prices remain very firm except in faulty scoured sorts, which barely maintain July prices. The Home trade has taken 55 per cent of the number of bales offering. Fourteen hundred cases of kauri igum have been sold at an advance of 4s. ; The iron market is greatly excited. Prices rose Is 3d per ton in a quarter of an hour, but things afterwards became calmer.