COMMERCIAL.

Temuka Leader, Issue 2332, 19 March 1892, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE. The following is the Corn Exchange report (per F. Denhara, Secretary), for the week ending March 19th: — Wheat—All the reports from England inform us of less values, and the utmost price on f.a.q., cargoes, f.0.b., Lyttelton, is 3s 7d, but we think a shade over *hi3 may be paid, as there are twelve ships on the berth in Lyttelton, and little freight offering. We make this remark so as to be impartial. Oats—Prices a little lower, and we regret a large quantity of discolored offering. Cocksfoot Good samples of heavy wanted, discolored very sick. Ryegrass—Plenty offering, and few buyers; prices have dropped. Barley— Lots of Cape offering from Is lid to 2s 6d; good malting very scarce. Quotations below are f.0.b., packages extra: — Wheat—Hunters, 3s 6d; pearl, 3s 7d; tuscan, 3s 8d; faulty, according to quality, 2s 3d to 3s. Barley—Cape, is lid to 2a 6d. Oats —Good feed, is 6d to Is 7d; milling, Is Bd. Ryegrass—Farmers', Is 6d to 2s 3d; dressed, 3s 3d to 3s 6d. Cocksfoot, discolored, nominal; bright heavy to 4|d per ft. Beans and Peas —None offering. Potatoes —22s 6d at country stations. Butter—7d to 9d per ft. Cheese—3£d to 4d per lb. CHRISTCHURCH STOCK MARKETS. At the Addington yards on Wednesday there were good entries of stock. Store Sheep—With the exception; of good sorts of breeding ewes the demand for stores languished considerably, aDd values fell. Two> four, and six-tooth breeding ewes sold freely at from lis to 14s 6d, full mouths and failing mouths at 8s lOd to lis, and older sheep at from 6s 6d. A line of wethers brought 13s 7d, and a specially forward one 14s 6d. Crossbred lambs in the store pens sold in ratio to the depressed state of the fat lambs, only meeting with buyers who were desirous of securing bargains. From 8s to 10s 3d was the range of the prices obtained. A good many merino ewes sold at 2s lOd to 4s 6d, according to age and quality. Fat Lambs—A further drop of from 6d to Is was felt throughout the sale, and lambs which a month ago would have been eagerly snapped up at 13s 6d,to 15s 6d, were sold at from 10s 9d to 12s lid. Fat Sheep—The best sheep were in good demand at prices equal to last week's. Sheep weighing from 60ft to 70ft were readily disposed of at from 16s to 17s Bd, yielding a net return of 2§d per ft, and second quality wethers and maiden ewes brought 2Jd to 2£d net. Crossbred ewes were also in good demand. Best ewes that were selling at from lis 6d to 13s 6d, fell off, and several lines were withdrawn in consequence, There were comparatively few merino wethers. The price secured for them was from 10s 9d to 13s 7d, equal to 2d per ft net weight. Store Cattle—The pens bore a deserted appearance. A good demand existed for the best class of dairy cows, and a large proportion of the 33 entered changed hands at from £3 15s to £8 Bs, the latter price being paid privately for a very nicely bred shorthorn. Pigs—Porkers were scarce, and good sorts specially so, those yarded bringing from £1 to £1 4s, equal to 3£d per ft. Baeon»!?s. were in no demand at all, but were secured by farmers for finishing off. DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday : j Wheat—New wheat is offering at equal to 4s 6d here, but very little.business passes at prices asked by farmers. Some large Oamaru lines have changed hands during the week at 4s 3d to 4s 4d. Fowls' wheat, good whole, 3s to 3s 3d; broken and inferior, Is lOd to 2s 9d. Barley—Malting, 3s to 3s 3d ; milling, 2s 3d to 2s 8d ; feed, Is lOd to 2s 3d. Oats—Milling, Is 6d to Is 6jd; bright short feed, Is 6d; inferior and off color Is to Is 4d,

j Bran—6os. Sharps, 80s; j Boiler flour, £l2 ; stone flour, £ll. j Potatoes—Kidneys, 40s; derwents, 50s ! to 555. J Pigs—ln good demand, 3Jd to 3sd for prime quality; hams, 8d; bacon, s|dto 6d. Chaff—Prime well-cut oaten sheaf, 60s to 62s 6d; medium quality, 52s 6d to 57s 6d. Straw—Oaten andwheaten, 30s. Clover and ryegrass hay, 60s. Butter—Salt, 7£d to Bd—in demand; good keg butter wanted. Eggs—Scarcer and rising. Honey—4£d for extracted. Cheese—Akaroa, large, 3§d to 4d; small, 4£d; factory makes, large, 4|d to 4jd ; loaf sizes, sd. Grass Seeds—Ryegrass, farmers' lots, lots, 2s to 2s 6d; machine dressed, 3s to 3s 6d; cocksfoot,' 3£d to 4d; Italian ryegrass, 3s 9d to 4s 6d. Sheepskins Quotations, country dry crossbreds, inferior to medium, Is 9d to 3s 8d ; merino do, Is 6d to 2s 6d; fullwool crossbred, 4s to 5s 8d; merino do, 3s to ss; dry pelts, 2s to Is 4d; green crossbred pelts, 2s to 2s 6d; selected, 2a 7d to 2s lOd; medium to good, Is 8d to 2a ; green merino pelts, Is 3d to Is 7d; green lambskins, best, to 2s sd; medium to good, Is 8d to 2s. Hides—No change to report. Quotations :—For heavy hides, free from cuts, and in good order, 2£d to 2£d; extra good and scaling 65ft> and over, up to 3d; good country lots, lsd to 2d; light, inferior, and slippy, from £d to l£d per lb. Tallow—All lots coming in are immediately cleared at late rates. Quotaions : —Best rendered mutton, 18s 6d to 19s 6d; medium to good, 16s to 18s; inferior to medium, 13s to 15s; best caul fat, 12s 6d to 13s 6d; 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—2oo head were yarded, all good quality, and comprising some extra heavy weights. Competition was fairly active, the above number being disposed of at prices about equal to those at last market, bullocks selling up to £9los cows to £6los. Fat Sheep—2o4l were brought forward chiefly medium quality, and consisting of 1591 crossbreds and 450 merinos. For best quality values were about on a par with those of last week, while lighter weights had rather less attention. Ciossbred wethers sold up to 15s; do ewes 13s 3d ; merino, 9s to 10s 9d. Lambs—3l6 were penned, for which the demand was good, values ranging from 7b to 12s. Pigs—l 66 were entered for sale, and values may be quoted as follows : Suckers 7s to 9s, slips 10s 6d to 14s, stores 16s to 18s 6d, porkers 22s to 245, baconers 29s to 355. (Next meek the stock sale will be held on, Tuesday at Burnside, in consequence of Wednesday being Anniversary Day). AUSTRALIAN MARKETS. Sydney, March 16. Wheat, chick, 4s to 4s 3d; milling, 4s 8d to 4s lOd. Flour, stone-made, £ll to £ll 10s; roller-made, £l2 5s to £l2 10s. Oats, best feeding, 2s 6d ; seed, 2s 7d to 2s Bd. Maize, 2s sd. Peas, 3s 6d. Bran, lOjd. Pollard, lOd. Potatoes, Warnambool, £3 ss; Circular Head, £4 to £4 ss. Onions, £3 10s to £3lss. Butter, dairymade, 13d; factory-made, 15d. Cheese, 3£d to 6d. Bacon, 7d to B|d. Hams, New Zealand, lOd to lid. Mlbourne, March 16. Wheat, good milling, 4s 10§d. Flour, quiet, stone-made, £9 10s; roller-made, from £9 15a upwards. Oats, Algerian, 2s; stout, 2s. Adelaide, March 16. Wheat, very quiet, 4s 3d. Flour, stone-made, £9 5s to £9 15s; roller-made, £lO 5s to £lO 10s. Oats, 3s 4d to 3s sd. Barley, Cape, 3s 6d to 3s 8d; malting, 4s sd. Bran, Is 2*d. Pollard, Is Id. ENGLISH AND FOREIGN MARKETS London, March 15. It is reported that the Bank of South Australia will be absorbed by the Union, shareholders receiving one share in the Union for five in their own bank. , The Antwerp wool sales opened to-day, but competition was very flat. River Plate wool has fallen ten centimes. There is a continuous advance in Argentine securities. Mr Trengrouse, the butter expert, in the course of an interview, said that colonial factory-made butter was equal to the best in London. He predicted a rapid expansion of the trade, being of opinion that the demand would double every year. New Zealand butter at pr sent was mostly "average to inferior." He recommended vegetable parchment for packing. Stocks in colonial companies are falling. March 16. The amount of wheat and flour afloat for the United Kingdom is 3,488,000 quarters, and for the Continent 1,360,000. One thousand four hundred bales of Australian wool are catalogued for the Antwerp sales. The outstanding assets in Murietta's estate amount to £4,300,000. It is now rumored that one share in the Union Bank is to be allot ed for four shares in the Bank of South Australia. The American visible wheat supply is estimated at 63,600,000 bushels. The Chamber of Commerce and shippers are discussing the increased liability of shippers and the decreased liability of owners under the proposed Australian bill of lading. The Bank of Portugal is adding £4,000,000 to its capitai, but does not intend to put the amount into circulation. March 17. The price of coal in London has fallen 4s per ton. Washington, March 16. The President has ordered the duties on sugar and hides from Columbia, Hayti, and Venezuela, to be increased, in consequence of those Republics refusing to reciprocate under the McKinley tariff. St. Petersburg, March 16. The prospects of the Russian crops are good.