COMMERCIAL.

Temuka Leader, Issue 2312, 30 January 1892, Page 4

COMMERCIAL.

CHRISTCHURCH STOCK MARKETS.

At the Addington 3 r ards on Wednesday a full market of sheep and lambs was yarded, and the demand for freezing and grazing purposes was brisk. Fat Cattle sold slightly better than last week. Good steers fetched £5 to £6 10s ; cows up to £5 10s; good heifers at £6 12s fid. Prime beef may be quoted at 17s fid to 18s fid for 1001 b, and inferior from J4s to 17s.

Calyes—Therp was a full entry, and prices ruled from 14s to 20s for good vealers.

Store Cattle—There was only a Hiiiajl entry, and a line of forward conditioned steers brought £4 17a Gd. Others were not in great demand. Dairy cows were only a small entry, and sold from £3 15s to £6 15s.

Fat Sheep—The market was fully supplied, but the entry was barely up to the usual standard. Prices in some instances showed a slight increase on late rates. A pen of very heavy crossbred ewes topped the market at 16 s 9d, while several lots made over 15u.

Store Sheep—There was an entry of about 2700 store sheep, mostly of marketable quality, which sold as follows :—Twotooth ewes up to Jls Id, two-tooth mixed sexes, small sorts, 9s 104 tolls 4d; crossbred lambs 63 lid to 9s ; crossbred ewes and lambs (ail counted) 9s Id; aged and inferior ewes, 4s 7d to 5s 7d. Fat Lambs—A big entry; about half being fit for export. There was a brisk demand, and prjpes were good throughout. Best sorts fetched IQ? fid to 12s 9d, inferior 3s Gd to 9s 9d,

DUNEDIN PRODUCE MARKETS.

The following is the report for the week ending Wednesday :

Wheat —In response to a fall in values iu Europe, and in anticipation of a good early harvest, prices have eased off here. Prime milling sorts, 4 s 8d to 4s lOd; other sorts, 4s 3d to4s ( 6d; fowls’ wheat, 3s to 3s 9d. ‘ ’ Onions —£0 to £7.

Barley—Malting,-3s to 3sl3d; milling, 2s4dto2s6d; feed, 2s to 2s 3d. Pearl barley, £l4. Oats—Best milling, Is 7d ; bright plump feed range from Is Gd to Is Bjd ; other sorts, Is 5d to Is Gd—all sacks extra, off trucks, and ex store. Flour—Poller, £l2 ; Timaru, stone, £l2 ss. Oatmeal, £9 to £lO 10s. Bran, £3. Sharps, £4. Potatoes—New kidneys, £2. Pig;a—l4oß) to 1601 b, well fed, 3d; large sizes hot saleable ; hams, 7d; bacon, sd. Chaff—Up to £3 5s £3 10s, and is very scarce.

Butter —Prime salt, GJd to 7d per lb. Fresh plentiful. Eggs are getting scarcer.

Honey—4£d per lb. Cheese—New Akaroa coming to hand. Factory, 4£d ; daily, 4d. Grass Seeds—Ryegrass, 3s 6d to 5s 9d ; cocksfoot, 4jd to fi^d.

Sheepskins—These continue in good demand. At auction on Tuesday country dry crossbreds, inferior to medium, brought Is 6d to 3s 6d; do do merino, Is 4d to 2s Gd ; full-woolled crossbreds, 4sto 6s 2d; do do merino, 3s to ss Gd; dry pelts, 2d to Is 3d; green cronsbred pelts—best 2s 3d to Is Bd, others Is Gd to Is 3d; lambskins—best Is 9d to 2s, medium, Is 5d to Is 8d each. Hides—The market is unaltered, and more than fully supplied with light and inferior sorts. Quotations for heavy clean and free from scars, 2£d to 2|d; 651 b and upwards, the usual run of country hides, l£d to 2d; light, l£d tol£d; inferior and slippy, Jd to Id per lb.

Tallow—The tone of the market continues firm, but there are no indications of any immediate improvement. Quotations :—For prime unrendered mutton, 18s Gd to 19s Gd; medium to good, 16s to 18a; inferior to medium, 13s to 15s; rough fat—beat caul, 12s Gd to 13s; inferior to medium and good, 9s to 12s per cwt. DUNEDIN STOCK MARKETS. At the Burnside Market on Wednesday the following business was transacted:— Fat Cattle—224 head yarded, the bulk of which were good to prime quality, and included a draft of bullocks from the North Island. Sales all through were brisker than last week, with prices a shade firmer for best lines. Best bullocks sold at £7 to £8 17s Gd; do do pen extra heavy, £9 10s to £ll ; other bullocks, £5 10s to £6 35s ; best cows, £5 10s to £7 2s Gd ; other do, £2 to £5 ss. Fat Sheep There were yarded 100 merino wethers, (medium quality), and 1304 crossbreds, about half ewes (medium to heavy weights), the rest wethers mostly in prime condition. Taking the sale throughout there was a decided improvement in values. Crossbred wethers sold at 12s 3d to 14s, do ewes at 9s to 13s Gd, merino wethers (medium) at 7s Gd. Fat Lambs—s 43 penned—an excellent lot as regards quality. There was a brisk sale for all in, and fully last week’s prices were realised, Best brought 9s to 10s 9d; extra 11s to 12s Gd ; others, 7s to 8s Gd. Store Cattle—lso grand bred bullocks in forward condition sold at £5 all round. Pigs—2so penned, ranging from suckers to heavy baconers, All sorts were dull of sale at low and unprofitable rates. Suckers sold at Gs to 11s Gd slips at 12a to 16s ; porkers at 17s to 245; baconers at 2os to 83s.

DUNEDIN WOOL SALES

Dunedin, Jan. 28. There was a large attendance at the wool sales. 7000 bales were catalogued. The bidding for choicest fight merino wools was very good, also for finest merino combing light in grease; these kinds brought prices fully equal to those lately ruling! Lower grad? wools, coarse Leicesters and crossbreds, avpraged id to |d below late rates. Heavy earthy merino was difficult to quit at Id to l£d below late prices. Crossbreds sold up to merinos to 10|d,

AUSTRALIAN MARKETS,

Sydney, Jan..2B

Wheat, chick, 4s 4d; milling, 4s lOd to Pfs, Oats, 2s 7d to 2s Bd. Maize', 2s 3d t.Q ijts *|d. Barley, 3s 2d. Bran, lid; pollard, 94d/ P/jas, 2s fid. Potatoes, local, £2 10s { Warhiimbool, $3. Onions, £4 5s to 4s lOd. Butter, dairy-made, Ifid ■ factory-made, Is. Cheese, 3d to 4Jd, Jhvmu, fid to 74d; hams, New Zealand, lOd to ltd, The wool market is sligtly irregular, though last week’s prices are malntaineS ? and iu tUe case of better wools there is a tendency on the w.hole in favor of buyers.

Meljjookre, Jap, 38,

Wheat, prime,. 4s IJd. Flour, sipnm made, £10; roller-made, £lO 10s. Oats, Algerian, Is 9d to Is lOd ; Danish, 2s Id; prime stout, 2s 7d. Maize, 2s 9d, Wool is irregular. A poor selection of greasy was bought up to Bfd; scoured, m t</ l B Adelaide, Jan. 28.

Wheat, 4s 3d. Flour, roller-ipade, up to £lO 155.. Oats, 3s 4d to 3s sd. Bafley, Cape, 3s Gd; malting, 4s sd. Bran, Is 5 pollard, Is Id.

ENGLISH AND FOREIGN MARKETS.

London, Jan. 2Q

At the wool sales 13,500 bales were catalogued. There was a fair attendance of buyers, and good competition for the best quality. The price of crossbred wool remains unchanged, while merinos are from par to 5 per cent, below the ruling prices of the December sales. The total arrivals of wool up to date amount to 396,000 bales. Th? wheat market is hardening. The market for Scotch'pig iron is flat, and quotations have fallen to 42s owing to a full market on the Continent,

The latest arrivals of Victorian butter, factory made, are realising 116 s to 120 s per cwt. A few choicp . samples brought l-245. Dairy made is selling at 102 s.

Three hundred and eieyen thousand bales, including 37,000 from the Gape, are available at the present series of wool gales. Competition is quiet as goraparcd with last sale. Good merino greasy is steady. All other sorts show a decline of 24 to 5 per.'cent. Crossbreds are unchanged. The total quantity of wheat and flour, afloat f qr the United Kingdom is 3,892,000

for the Continent’l,2Bß,ooo quarters.

The money market is declining, owing to plentiful supplies. Three months’ bills are discounted at 11 per cent.

Oamaru waterworks bonds have fallen 10s per cent. The Tasmanian Treasury bills will not be offered.

The holders of rupee paper are exchanging for colonial Treasury bills. There is improved competition at the wool sales, . and the opening rates are being fully maintained. There is a large attendance of buyers, and the representatives of American and German firms are particularly eager in bidding. Cape wool is neglected, and the prices offered for it are declining. It is reported that the action of the Glasgow iron merchants, in trying to undersell the London syndicates, will cost the latter £250,000. Scotch pig iron has risen to 435.

Jan. 28. All colonial stocks are depressed, and have fallen from I to 1 per cent. The Daily Telegraph advocates the issue of loans at from 4 percent, to 4£ per cent., instead of “hole and corner” Treasury bills.

Singapore, Jan. 27 The rice crops in Siam have failed.

The New Zealand Loan and Mercantile Agency; Company,Limited, Christchurch, Mve received the following cable advice from their London office,dated 26th Jan., 1892 :■ — Wool—The sales opened this day at the level of last sales except medium and inferior greasy and scoured merino, which have defined £d per B). Attendance of Home and foreign buyers is good, and competition is fairly active,' blit there* is a want of confidence in the bidding. The total quantity available, including wool held over from last series, is 399,000 bales, 89,000 of which have been forwarded to the manufacturing districts direct. Wheat—Market slightly steadier, but quotations unchanged since last telegram.