COMMERCIAL.

Temuka Leader, Issue 2050, 24 May 1890, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE. The following is the Corn Exchange report (per N. P. Meyers, Secretary), for the week ending Friday, May 23rd— The firmness in the wheat market still continues. Any good-sized parcels offering are taken readily at quotations, whilst smaller lines do not command so much attention. Tonnage is none to plentiful, and the harbor board have again issued a notice of their stores being full. It is gratifying to hear that efforts have been made by the traffic manager to reduce the accumulations of grain at some of the stations by running night trains. Oats—Yery few transactions have taken ( place, and from reports from the neighboring colonies the outlet is not improving. , Farmers with plenty of storage of their own (and no rent to pay) may ultimately benefit by holding, but where storage and interest of money have to be taken into consideration, it is an open question if it will not pay better to accept the low prices now ruling than to incur heavy expenses, with the uncertainty as to an improvement in value. Barley The same dormant state of the market continues. Beans— In consequence of the scarcity of freights prices haye somewhat receded. Peas—Blue boilers and whites are the only sorts commanding any attention. Potatoes (dements) —The exceptionally heavy frosts have made purchasers anxious as to the condition of present deliveries. Farmers cannot be too careful in seeing that the sacks are well covered at digging time, a little attention in this respect will save a lot of unpleasantness between buyers and sellers. Dairy Produce : Butter, if prime quality, is in somewhat better demand; inferior is still neglected. Cheese: The inquiry is principally for small loaf. The following are our quotations for the week:— Wheat Tuscan, 3s Id ; pearl, 2s lid; hunters, 2s 9d; chick wheat, whole, 2s 6d ; broken, 2s to 2s 2d. Oats —Milling, Is 7d; short stout feed, Is 6d. Barley—Prime malting, 3s ; feed, Is 9d.

Beans, 2s 5d to 2s 6d. Peas—Prussian blues, 2s 9d to 3s ; feed sorts, 2s 4d to 2s 6d. Potatoes (derwents), 35s at country stations.

Dairy Produce—Butter, 6£d to 7d. Cheese: Small loaf, 3£d ; large size, 3d. The above quotations are those paid to farmers for delivery, f.0.b., Lyttelton, sacks extra, potatoes excepted. CHRISTCHURCH STOCK MARKETS. At the Addington Yards on Wednesday there was a good attendance. Fat Cattle—The price of beef varied considerably, ranging from 16s to 17s per 1001 b. Fat heifers at from £5 5s to £6 17s 6d; steers, £5; cows, £5. Store Cattle (Some improvement was noticeable. Old steers, £3 7s 6d to £2 10s; heifers, £2 to £3 15s ; cows from £1 6s to £3 2s ; springers, £5 ss,

Store Sheep Average supply, crossbred ewes 2s 3d, 5s lid to 7s 8d ; merino ewes 3s 9d; full-mouth crossbred ewes, 8s 3d to 8s lid; two-tooth maiden, ewes and wethers, 12s 3d.

Fat Sheep—Really prime freezers scarce, otherwise good supply. Merino wethers sold at from 6s to 9s; merino ewes at from 6s; 1 crossbred wether sold as high as 22s 6d, and others as low as 9s 6d, but the prevailing price was 14s to 17s 6d. Pigs—But little falling off was noticed in the number yarded, and a eomewhatbetter demand existed, which raised prices a trifle. DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday:— Wheat—A goed demand continues to be experienced for prime milling samples at late quotations. Tuscan and velvet are in greatest request, but other varieties too meet with a good demand. Soft tough parcels are only saleable as fowls! wheat, which has a steady demand for shipping and local use. : Prime milling tuscan and velvet, 3s 3d to 3s 5d ; other sorts, 3s Id to 3s 3d ; medium, 2s 9d to 2s lid ; inferior and fowls’ wheat, 2s 3d to 2s Bd.

Oats—A fair amount of business has been transacted during the past week on the basis of last reported quotations, but it would be difficult to secure large lines of either feed or milling, except at an advance on prices lately current. While a fair demand exists there is no improvement to note in values, which we give as before, viz.—For stout bright milling, Is to Is 5d ; best short feed, Is to Is 4d ; medium, Is 3d to Is 3£d"; inferior, Is to Is (ex store, sacks extra).

Barley—A limited quantity is taken up for milling, but feed is unsaleable unless at ridiculously low prices. "We quote prime malting, 3s to 3s 3d; medium, 2s 6d to 2s lOd ; milling, 2s to 2s 6d; feed, Is 8d to Is lOd. Grass Seeds—Ryegrass, 3s to 5s 6d ; cocksfoot has no demand; we quote 3fdto4|d. Potatoes—Market inactive; £3 tor best Oamaru; 50s for Southern and Canterbury. Pigs—Hard to sell; market glutted at to 3d; hams, 8d; rolls and flitches, 6d to 6|d. Chaff Best heavy riddled, 50s ; inferior, 35s to 40s, Linseed—Prom £ls to £lB as per quality.

Turnips, 20s; carrots, 355. Straw—Oaten and wheaten, 30s to 355. 1 Onions, ss. Hay—-Oaten, £3; clover and rye| grass hay, £3 ss. j Butter Salt, without demand! Eggs: The market 'is • well supplied! Honey: 4f dto 53.'' Cheese: Factory! large, 4d; loaves,'4|d; Akaroa, large[ large, B|d; loaves, 3idto\4d 3d.

Sheepskins - The sales at the Chamber of Commerce on Tuesday passed off as usual very satisfactorily! We quote butchers’ green crossbreds,* best, 4s 4d to 3s 9d ; good to medium and inferior, 3s 8d to 2s 7d ; green' merinos, 3s 4d to 2s; green lambskins, 4s 4d to 2s 6d; country dry crossbreds, inferior to medium, Is 5d to 3s lid; do do merino, Is 4d to : 3s 3d; full-wolled crossbreds, 4s 7d to } 5» 9d; do do merino, 3s 3d to 5s 6d; 1 dry pelts, 4d to Is 3d. i‘ Hides—All consignments as they come forward are taken up by our local manufacturers at current prices. Quotations are unchanged since last reporting.

Tallow—A strong inquiry exists for all descriptions, and full equivalents* to London prices are now given. Best mixed tallow, in tins and other pack-1 ages, is worth from 18s to 19s; and bestrough fat, from 12s to 13s; other qualities in proportion. DUNEDIN STOCK MARKET. At the Burnside Yards on Wednes-i day the following business was trans- 1 acted:— Fat Cattle—The supply greatlyexceeded the requirements of the trade,! 335 head being yarded, and as anatural consequence values suffered aserious decline, say about 20s per head J as compared with the rates current last- week. It is not unlikely that values from this date will steadily 1 improve. The cattle yarded this week included some extraordinary prime bullocks. Prices ranged as follows : Best bullocks brought from £9 to £7 10s; good, £7 to £5 10s; light,. £5 to £3 10s ; cows, £6 10s to £2. Fat Sheep—29l9 penned, all crossbreds of good to extra prime quality, with the exception of about 300 merino wethers. Last week’s valueswere well maintained. Prime crossbred wethers brought from 16s to 14s ; medium do do, 13s 6d to 12s 6d ; light do do, 12s to 11a ; prime do ewes, 14s to 12s; medium do do, lls 6d to 10s 6d ; light do do, 10s to 9s ; prime merino wethers (extra), ]2stolos; medium do do, 9s to 6s. Fat Lambs—-Only 280 penned, most of them fit for the freezing chamber. Under keen competition they found purchasers at from lls 6d to 10s for best lots and at from 9s to 7s 6d for medium quality lines. Pigs—Only 190 penned—say,.about half of them good bacon pigs, "and the other half porkers and stores. The demand was not great, but prices notwithstanding were just a shade better than last week. Bacon pigs brought from 42s to 28s; porkers, 27s to 23s ; stores, 20s to lls; suckers, 10s to 6s. Reid, Maclean, and Co., sold on account of Mr D. Angland (Milford, Temuka), 5 at 35s 6d, 5 at 34s 6d, 12 at 355, 5 at 325, 5 at 31s, 4 at 27s 6d, 4 at 245,

btore Cattle—ln this class,of stock there were no transactions to report. Store bheep A good demand exists for suitable lines of crossbred wethers for finishing off on turnips, but there are not many good lots offering. There is also a considerable 'inquiry for good crossbred breeding ewes. ENGLISH MARKETS. London, May 21. The total, quantity of wheat anc flour afloat for the United Kingdom ii 28.850.000 quarters, and for the Con tinent 880,000, quarters.i The Ameri can visible supply is estimated a 24.688.000 bushels.