COMMERCIAL.

Temuka Leader, Issue 1993, 11 January 1890, Page 4

COMMERCIAL.

OHBISTOHUROH STOCK MARKETS. At the Addington Yards on Wednesday of all classes of stock were large, but the quality in most cases was of an inferior nature. Fat Cattle—A rather small entry consisting mostly of inferior beasts, In consequence of good demand last week’s rates were generally maintained. Best beef made from 17s to 19s 6d per lOOlbs, and other sorts from 15s upwards, according to quality.

Fat Sheep—An unusually large entry, including a large number of decidedly second-rate sheep. The sale started well, but as the trade got supplied a decline in values took place, which in some cases amounted to Is and Is 6d a head. Best mutton may be quoted at2fd, while inferior varied from lid to Ifd. Among the sales were : —Crossbred ewes at 10s 3d ; for N.Z. and A. Land Co., Pareora, crossbred ewes at 7s 3d; for same, Levels, crossbred ewes at 8s lOd ; for Mr W. B. Andrews, 130 crossbred wethers at Ida 3d; for Mr J, Grant, crossbred ewes at 10s 3d. Fat Lambs —1500 yarded. Competition was keen and prices ranged from 6s to 12s. Yery few pigs were yarded, and these sold at late rates. DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday:— Wheat—There is no apparent improvement in the tone of the maiket, which continues exceedingly flat! Buyers for shipment are not disposed to operate at late quotations. Millers continue to buy sparingly, j us t sufficient to meet the small demand existing for flour locally. Prime tuscan, 3s to 3s Id; best red straw and velvet' 2s lOd to 2s lid; medium to good, 2s 8d to 2s 9d; inferior to good whole fowls’ wheat, 2s to 2s 7d (ex store). Oats—The market for these still continues extremely languid. Prime milling have had the most inquiry, although a few parcels of good feed were also disposed of, At auction this week the best offer for good feed was only Is 4d, which shows pretty clearly the position of the market. Prime milling, Is 6d to Is 6|d; best short feed, Is 4fd to Is sid; medium to good, Is 3d to Is 4d (ex store, sacks extra.)

Barley—Small lots offering, except when extra prime, are difficult to place. Quotations, nominal, for prime malting, 3s to 3s 3d ; medium to good, 2s 9d to 3s; feed and milling, l s 9d to 2s 6d (ex store, sacks extra.) Grass Seeds—Ryegrass, 2s 6d to 3s 6d ; cocksfoot, to 3^-d. Potatoes—Kidneys, £3 to £3 10s. Pigs, flitches, 6d. Chatt flcst, £2 15s to £3 ssmedium, £2 5s to £2 10s. Straw! oaten and wheaten, 355. ’ Butter Best salt, 6d. Egcra, scarce. Honey, 4fd. Cheese, new Akaroa, 4d to 4fd fold, 2fd ; factory, 4d. Sheepskins —On Tuesday country dry crossbreds, inferior to medium, brought la 4d to 3s lid ; do do merino! Is 3d to 3s 7d ; medium to full-woolled crossbreds, 4s Id to 7s od; do do merino, 3s 8d to 5s lid ; dry pelts, 4d to 12d ; green do, Is 6d to 10d; green lambskins, 2s 3d to Is 3d.

Hides—We quote best, extra heavy weights, 2-f-d to 3d; medium to heavy 2id to 2fd ; light, 2d to 2id ; inferior! to Ifd per lb. Tallow —For prime-rendered mutton, 18s to 20s; medium to good, 16s to 18s; inferior and mixed, 13s to 15s. Rough fat ia in active demand, and selling at—for best mutton, 13s to 14s ; inferior to medium and good, 9s to 12a 6d per cvvt. DUNEDIN STOCK MARKET. At the Burnside Yards on Wednesday the following business was transacted : Fat Cattle—3B7 head were yarded. Several pens were turned out unsold and competition lacked spirit, all through, resulting in prices obtained for those disposed of being considerably lower than at last sales- Best bullocks brought £8 to £8 15s, a few extra heavy a shade more ; medium to good, £6 to £7 15s; ordinary and light weights, £4 10s to £5 10s, Best cows, £5 10s to £7 10s; others £2 17s 6d to £5. Among the sales were the following :—For Trustees of Orari Estate, 12 bullocks at from £7 15s to £7 12s; for Mr Jas. Austin, Winchester, 12 bullocks at from £7 12s 6d to £6 5s and 9 cows at £5 7s 6d ; for Mr J. Stewart, Orari, 3 bullocks at £5 15s, 4 head mixed cattle at £4 ss.

Fat Calves sold at from £1 Os 6d to 5s Gd.

Fat Sheep—33Bl were penned, a couple of pens being merino wethers, the balance crossbreds. All the wethers fit for export brought prices within a trifle of those ruling lately, while all of medium quality, ewes or wethers, brought lower prices, Best crossbred wethers brought 13s to 14s 9d ; ordinary, 9s 3d to 12s 9d; best do ewes, 10s Gd to 12s 3d;’ inferior to medium, 7a to 10s; merino wetbera, 8s Gd. Among the sales were:—For Mr W. Grant, Timaru, 61 crossbreds from Us 9d to 10s 31, and 77 halfbreds ai, 9s 9d; for Mr a! Wylie, iimaru, 128 crossbred ewes at 9s.

Fat Lambs—l 349 were penned, I medium to good and prime quality. Prices were down Is 6d to 2s per head, the range being 6s 9d to 10a 9d. Pigs—Only 141 penned, principally porkers and bacuners, with a few suckers, which met with a poor demand. Suckers brought 9s to 12s; porkers, 26s to 325; baconers, 34s to 42s ; a few extra heavy to 58s. OHBISTOHUROH CORN EXCHANGE. The following is the Corn Exchange report for the week ending Friday, Jan. 10th, 1889 : The arrival of several vessels under charter has caused a slight enquiry for wheat to fill up with, the greater portion of the space being already provided for. .There is no material alteration in values to report. Oats have apparently not reached bottom, large parcels of old are on the market at greatly reduced prices, without finding purchasers. We can hardly recall a time when this cereal was of so little value at a corresponding period of the year, coupled with absolutely no demand. It is difficult to see where our outlet is to be, but as the impossible happens when least expected we must hope for acme outside enquiry to enable our farmers to

dispose of the incoming crop ; the only local purpose that suggests itself is to feed stock on it, and that in our present stage of grazing is somewhat an expensive item, even at the low prices that are likely to be current. Barley :

The sale of a few small parcels of prime malting may be noted at prices hitherto ruling. Grass seed : Parcels for North Island sowing are enquired for. Recent advices from the Peninsula report a very uneven crop of cocksfoot, and the uncertain weather now

prevailing at a critical period makes the outcome of the crop very uncertain. Dairy Produce : The market is quiet. We note that sales of Sydney butter have been made at about Is per lb in London. At this price our producers here would be well satisfied, and the promised increased accommodation in the direct steamers will enable them to compete with their Australian cousins in this item. The following are our week’s quotations : Wheat—Tuscan, 3s to 8s Id; pearl, 2s to 2s lid ; hunters, 2s 9d to 2s lOd. Oats—Milling, Is 9d ; short heavy feed, Is 6d to Is 7d.

Barley—Prime malting, 3s 6d ; medium, 2s Gd to 3s; feed, Is 6d to Is 9d. Beans, 3s. Peas—Prussian blues (true), 3s 6d; feed, 3s. Dairy Produce—Butter, to Cheese: Large, 3id; small sizes, 4d. The above prices are those paid to farmers for delivery f.o.b. Lyttelton, sacks extra. Napier wool sales. Napibb, Jan. 9, At the second wool sales of the season yesterday, nearly two thousand bales were offered. Prices at the first sales were to lOfd, greasy crossbred hoggets up to 9fd, greasy crossbred pieces up to 7d, greasy well maintained. Greasy crossbred sold up to crossbred locks up to 4fd, greasy half-bred up to 11-j-d, greasy merino up to 9fd, greasy merino pieces up to Bd, greasy merino locks up to sd, greasy Romney 9|d, and greasy crossbred lambs up to Bid per lb. AUSTRALIAN MARKETS. Sydney, Jau. 8. Chick wheat, 2s 2d to2s4d; New Zealand milling wheat, 3s 3d to 3s 4d. Flour, stone-made, £9 10s; rollermade, £lO 10s. Oats, feeding sorts, Is lOd to 2s Id. New Zealand maize, 3s 2d. Bran, Pollard, 7d. Potatoes, £2 5s to £3 15s. Onions, £3 10s to £4 ss. Butter, dairy-made, 5d to 6d ; separator, 6d to 7d factory-made, Bd. Cheese, 3d to 6d • New Zealand cheese, sd, Bacon! local hand-cured, 7£d ; New Zealand bacon, 9d to lOd. Hams, New Zea- ! land, lid to Is. Jan, 9. The first wool sales of the year opened to-day, when 9400 bales were offered, of which over 7000 were sold, Inferior greasy realised Bd, good greasy llfd, good washed 16|d, superior scoured 21fd. As compared with Melbourne sales these prices show an advance of -|d on all descriptions. Melbourne, Jan. 8. New wheat, 3s 7d; old wheat, 3s 9d. Flour is dull. Stone-made, £8 10s; roller-made, £9 10a. New Zealand s stout oats, 2s 3AF Maize, 3s lid. Barley, 4s. Peas“ 4s 2d, Adelaide, Jan. 8. Wheat, farmers’ lots, 3s 2d to 3s 4fd. Flour, stone-made, £8 15a ; roller-made, £9 10s, Bran, Gfd. Pollard, 7d. ENGLISH MARKETS. London, Jan. 8. Sydney butter has realised about £5, and Melbourne butter has brought a much lower price owing to uneven quality. Copper is active at £52.

The money market is very firm, and another increase in ratek is expected. The quantity ot wheat and flour afloat for the United Kingdom is 2.072.000 quarters, and for the Continent 388,000 quarters. The American visible supply is estimated at 33.750.000 bushels.