COMMERCIAL.

Temuka Leader, Issue 2020, 15 March 1890, Page 4

COMMERCIAL.

CHRISTCHUROH CORN EXCHANGE,

The following is the Corn Exchange report (per N. P. Meyers, Secretary), for the week ending Friday, March 14th :

The weather continues favourable for threshing, and considerable ] quantity of wheat are coming forward and going into store. English prices are not very encouraging and farmers are only taking advantage of shipping to Europe as being the visible outlet; at present prices it seems doubtful if shipments will realise more than can be obtained locally, certainly the price is not high, but there is, as far as the grower is concerned, an end to his risk when selling on the spot. Oats are not coming forward in any quantity, the low prices having evidently deterred growers from threshing; the demand is somewhat stronger, and doubtless if better prices prevailed farmers would not be slow in supplying the market. Barley is offering largely of medium quality, of which this season's crop mainly consists. For any prime samples a slight advance on quotations could be obtained. Peas (Prussian Blues), hand threshed, meet with a fair enquiry. Beans, no samples yet on offer. Grass Seeds—Eye is in full demand, and but few samples offering ; as good prices are now obtainable, we may expect to see farmers threshing their grass, which they generally prefer to do after all the grain is out. Cocksfoot has a firmer tone, enquiries from the North Islann and elsewhere having caused a better demand. Potatoes Reports from some districts are unsatisfactory, the dry weather having had a bad effect, and we have lately experienced one or two frosts that have done no good. On the whole the incoming crop does not promise to be a heavy one. Dairy Produce —The dry weather has had the effect of put ting up the price of butter. Cheese remains unaltered. The following are our quotations for the week."Wheat—Tuscan, 2s lOd to 2s lid ; pearl, 2s 9d ; hunters, 2s 7d to 2s 8d ; whole fowl, 2s 3d to 2s 4d; broken, 2s to 2s Id.

Oats—Milling, Is 7d ; short stout feed, Is 6d; other kinds, Is 4d to lssd.

Barley Prime malting, 3s 3d; medium, 2s 6d to 2s 9d ; feed, Is 9d. Peas —Blue Prussians (true), 3s 3d ; slightly broken, 2s 9d to 3s. Ryegrass—Town machine dressed, 4s b'd to 4s 9d ; farmers' clean samples up to 4s; inferior, according to quality. Cocksfoot Prime heavy bright seed, 3fd to 3|d ; discolored and light, 2£d to 2fd. Dairy Produce—Butter, 6Jd to 7d ; cheese —small loaf shape, 4d; large sizes, 3d to 3^d. The above prices are those paid to farmers for delivery f.0.b., sacks extra. CHKISTOHUROH STOCK MARKETS. At the Addington Yards on Wednesday the attendance was large and the weather fine. Pat Cattle—A moderate entry, but quality good. Competition was brisk, and another advance of Is per 1001 b may be quoted. A line of particularly fine steers elicited keen competition, changing hands at from £7 10s to £9 a head. Best beef may be quoted at 16a to 18s 6d per 1001 b, and inferior from 13s to 15s 6d.

Store Cattle—Competition was dull, except for lines of forward three-year-olds.

Pat Sheep—The entry was an unusually large one. At the start of the sale business was brisk, and late values were fully mainted. Towards the conclusion, however, prices again fell away, and anything but the best was hard to' dispose of. First-class freezers maintained previous rates 21d per lb, good ewe mutton lid to If d,,second quality dull of sale.

Store Sheep—A line of good crossbreds made up to 12s, while merinos made up to 9s 6d. A great many entries were withdrawn.

Lambs —An enormous entry, including several lines of first-class sorts. The sale started well, nearly every line changing hands at satisfactory rates, but toward the end competition fell away considerably. Pigs—Store pigs sold freely at old quotations. ___ DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday:— Grain—The exceedingly fine bright weather we have experienced this season has had the effect of securing an early harvest, which in the immediate neighborhood has been housed in splendid condition. The new crop is already coming forward freely. Oats apear to be a capital sample, generally well filled, and having been harvested and secured without a shower of rain they are firm and bright .coloured. Wheat is also bright coloured and fine skinned, but in some of the samples which have come under notice the corn appears to be rather thin, as if it had ripened too quickly. The grain is, however, in capital i condition and fit for immediate use, either for milling or shipping. There is a fair demand for new grain, wheat and oats, at current market rates, and although prices are certainly far 'from satisfactory, there is little prospect of any advantage in holding. At the auction sales on Monday last, there was a full attendance of buyers, and bidding for prime lines, both of'oats

and wheat, was-much brisker than it has been of late; for inferior and medium samples there was, however, but little demand. Frime milling wheat, being in short supply, evoked keen competition, at improved prices. A line of prime new rough chaff wheat,' grown at Sorth Taieri, topped the market at 3s 2d per bushel, off truck • aome other lines of both old and new exceeded 3s per bushel. It is only _in prime samples, however, that prices have improved; medium and inferior being in over abundant supply, and, with little demand, are if anything easier. It is doubtful if the prices now being obtained for milling wheats will be upheld when the new crop comes more freely to market. Quotations:—

Wheat—Extra prime milling, 3 S to 3s 2dj prime milling, 2s 7d to 2s lid ; fowls' wheat, inferior and medium. 2s to 2s 6d.

Oats—The market is very bare of all qualities. During the week large sales have been made from samples at satisfactory prices. We quote : Best milling, Is 5d to Is 6|d ; bright heavy feed, Is 3d to Is 5d ; inferior and medium feed, Is Id to Is 4d (sacks extra).

Grass Seeds—Ryegrass (farmers' lots), 2s 9d to 3s 3d ; machine dressed, 3s 6d to 4s 6d ; cocksfoot, 2id to 4|d. Potatoes—Dements, £3" 10s to £3 15s; kidneys are not so much in deir-and now.

Pjgs—The weather is still too hot to cure, and good sized are only 3^d; hams, 8d ; flitches and rolls, 6d. Chaff—Well-cut heavy, clean, oaten chaff, £2 10s to £2 15s ; inferior and light sorts, £2 to £2 7s 6d. Straw (oaten and wheaten), 40s ; hay, oaten, £3 5s ; clover and ryegrass, £3 10s. Butter—Salt butter nominal at 6d to 7d per lb for prime ; medium sorts not saleable; fresh, plentiful and down 2d per lb. Eggs, plentiful, and are down. Honey, 4£d for best. Cheese—Factory, 4id to 3£d to 3fd ; loaves, 4d to 4|d.

Sheepskins—On Tuesday country dry crossbreds, inferior to medium brought Is 4d to 4s 3d ; do do merino, Is 3d to 3s 9d ; medium to full woolled crossbreds, 4s 5d to 6s sd; do do merino, 3s lOd to 6s 2d ; dry pelts, 2d to Is 2d ; green crossbreds, best, 3s 2s lOd, 2s 9d, 2s Bd, 2s 6d ; good to medium and inferior, 2s 4d, 2s 3d 2s 2d, 2s Id, 2s, Is lOd, Is 8d ; green lambskins, 3s, 2s lOd, 2s Bd, 2s 6d 254d,25.

Hides—Prime heavy ox hides, in faultless condition, 2|d to 3d ; medium to heavy, 2U to inferior, to If d per lb. Tallow—All consignments are easily placed at slightly better prices than those lately ruling. Medium to good, 16s to 17s ; inferior and mixed 13s to 15s ; rough fat, best lis 6d to 13s, inferior to medium 8s 6d to 10s 6d per cwt. DUSTEDIISr STOCK MARKET. At the Burnside Yards on Wednesday the following business was transacted ; Fat Cattle—Only 180 head yarded. About half this number were good to prime bullocks ; the balance consisted of light bullocks and cows and heifers. Prime beef was well competed for at about last week's rates. Medium and inferior met a dragging sale and sold rather lower. Best bullocks sold at £7 to £8 ] ss; medium at £4 10s to £6 ss; inferior at £2 5s to £3 10s • cows and heifers at £2 to £5 10s, ' Fat Sheep-1238 penned. Only a few were prime fit for freezing, a large proportion being old ewes. Ordinary quality met rather a dull sale. Lines of prime wethers and maiden ewes were in brisk demand, and realised from Is 6d to 2s 6d a head higher I than last week. Best crossbred I wethers sold at 12s 6d to 15s 3d • i ordinary, 9s 6d to Ü B 6d; crossbred ewes, 6s 6d to lis 9d. 35 crossbred ewes at 10s lid, and 28 do at 10s 9d were sold for Mr W. Grant, of Llloughton Grange. , Fat Lambs Only 540 penned, [ranging in quality from very interior to prime. Most of the butchers held supplies from last week, and were not anxious to buy except at prices which offered bargains ; the result was a very slow sale, and several pens had to be turned out unsold. Pigs—l 46 yarded. Suckers met a dull sa le a t about last week's rates, fetores were m good demand, and met with brisk competition, buckers sold at bs to 14s; stores, 22s 6d to 28s 6d ; porkers, 425 ; baconers, 65a. ENGLISH MARKETS. London, March 14. Ihe total quantity of wheat and o°«nn * for the Waited Kingdom is quarters, and for the Continent 768,000 quarters. The American visible supply is estimated at »,075,000 bushels.