COMMERCIAL.

Temuka Leader, Issue 2353, 7 May 1892, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE. The following ig the Corn Exchange report (per F : Denham, Secretary), for the week ending May 7th : It is most difficult to put a price on wheat this week, as the sellers and buyers are so wide apart in their views of value, and the buyers are almost as much so between themselves. During the last few days we have received offers for a number of lines, and the difference between some of the offers has been 4d to 5d per bushel. In addition the vexatious rejections at Fort are very annoying to all concerned, putting the farmer in the position of having his grain thrown on his hands and to pay a considerable charge for haulage, storage, and labor. This is money absolutely thrown away, as all the rejections will ultimately bo shipped to some market. Fei’haps some other plan of sampling might be adopted and stive useless expense, which at the prices likely to rule in the near future is a serious tax on the producers. Barley For local requirements the market is easier, but there is a demand for shipping purposes. Oats—Milling parcels are asked for, discolored market glutted. Potatoes are hard to be placed at about 15s. Sydney reports look very bad. The following are the usual quotations : Wheat.—Prime hunters, pearl, and tuscan, 3s 4d to 3s 7d. Barley.—Fair malting, 3s 6d. Oats, —Milling, Is 6d, feed, Is 4d to Is fid. Beans.—3s Id. Peas.—3s. Cocksfoot.—Good discolored, 2£d to 3d. Bright, 3£d. Ryegrass.—Machine-dressed, 3s 3d to 3s fid. m Butter and Cheese—As last week. CHRISTCHURCH STOCK MARKETS. At the Addington yards on Wednesday there was a much improved market in all sections, and the business done was satisfactory. Store Sheep—About 4700 store sheep were yarded, for all of which there was a good demand with very satisfactory results. Crossbred lambs were in good demand, and sold freely up to 11s 4d; a very nice lino of 2-tooth crossbred mixed sold at 14s 4d to 15s lid, crossbred ewes, full mouth and failing and in lamb, lls 3d; a considerable number of Chatham Islands crossbred wethers 15s 3d, as stores for improving them, while the culls brought 10s to 12s, Any good sorts of sheep for turnip feeding brought fair prices. Merinowethers from 6s fid to Bs. Fat Sheep—ln fat sheep about 6000 were offered, none of which wore of the primest quality, but for all a good demand prevailed, up to 17s lOd being given for lines of crossbred wethers and maiden ewes, and from 15s fid to 16s for smaller sorts. Crossbred ewes were in good demand, some prime fat sheep bringing up to 17s fid. Merino wethers were offered of all descriptions, very decent sheep being sold at 14s fid to 14s 9d, and smaller sorts from lls. Fat Cattle—The sale of beef was limited, but there was a good demand for nice sorts of steers and heifers, which sold up to £7 13s and heifers to £5 17s fid. Good conditioned cows were in better demand, and the lot was cleared at satisfactory rates. Store Cattle, &c.—ln store cattle, with the exception of a nice line of steers and some yearlings, the entry consisted entirely of cows and odd beasts. The steers, which were from a good farm, brought £5 to £5 10s, and the yearlings 39s fid. A good demand for cows resulted in prices being firmer than they have been yet. Nearly every hoof was sold at from 30s to £3 17s. The demand for good sorts of dairy cows continues firm, and several changed hands at from £4 los to £7 ss, private sales being effected at higher rates. Pigs—About 200 porkers and light baconers met with a ready market at former rates, good sorts of lightweight bacon pigs being jp good demand. The Press says the following prices may help owners to estimate the value of stock, In each case the live weights are given '.—Prime sheep of 651 b to 751 b made from 15s to 17s fid ; prime of 551 b to 601 b, made from 13s to 14s 3d; second-rate sorts from 601 b to 651 b made from 12s 9d to 14s. Other classes of inferior mutton of lighter weight in some cases failed to reach 2d per lb. Prime ox beef made from 18s fid to 20s per 1001 b, second rate from 15s to 17s, while inferior cow beef occasionally failed to make 14s per 1001 b. DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday : Wheat Wheat has good enquiry. Prime milling at 3s lOd to 3s lid,; medium, 3s fid to 3s lOd; fowls’ wheat, good whole, 3s; medium and broken, 2s to 2s 9d. Barley is in fair demand if good bright, Mai ting at from 3s 3d to 3s fid ; medium, 2s 8 d to 3s; milling wanted at from 2s 3d to 2s fid ; feed, 2s to 2s 3d, Oats are now coming fairly op the 1 market, and there is good inquiry for all all sorts. Prime milling, Is fid; good to medium feed, Is 5d to Is sid; inferior, Is to Is 4d; all sacks extra, off trucks. Prime Nelson hops, Is. Linseed—£ll ig £l3, (wanted.) Potatoes—Up to £2.' Carrots—3os per ton, sacks extra. Onions— £4, best Canterbury. Pigs—ln good demand, 150 sto 160 s, well killed, not to fat 3,}d to 3id ; hams, 8d ; baeon, s£d to d, Chaff has freely sold at from 20s to 455; tip-top is worth from 45g to 555. Turnips—2os. Straw —Oaten and wheaten, 30s to Sss per ton. Clover and ryegrass hay, £3 5s to £3 10s ; hay, oataa, £3. Butter—Fresh, beat, 8d; salt, in good demand ; prime quality, Bid ; casks extra; packages extra or returnable; factory made, lid per lb, f.0.b., packages in. Eggs—Scarce at Is fid. Lard—4d to 4£d. Honey—4id to 5d for best extracted. Beeswax, Is per lb. Cheese —Factory, 4Jd to 4id; loaves, id more. Best Akaroa, 4d ; medium 3id to 3fd; loaves >}d more. Grass seeds : Ryegrass farmers’, Is 9d ts 2s fid ; machined, 3s 3d to 3s 9d ; Italian, 3s 9d to 4s fid; cocksfoot, 3id to 4*d.

Sheepskins.—On Tuesday dry skins, crossbred, low to medium brought Is 6d to 3s 6d ; medium to beat, 3s Od to 7s ; pelts, la to 2s ; lambs, Is 5d to 2s l(3d; merino, low to medium, 9d to 2s 3d ; medium to best, 2s 4d to 5s 8d pelts, lOd to Is 6d. Green skins : Crossbreds, 2s 9d to 3s 4d; merinos. Is 8d to 2s 2d. Hides.—Market unchanged. Tallow. —Prime mutton, 19s to 20s per cwt; medium, 16s to 18s ; inferior, 12s to 15s. Rough fat; Mutton cauls, 13s to I3s6d ; mixed, 12s to 12s 6d; inferior, 9s to 11s. DUNEDIN STOCK MARKETS. At the Burnside Market on Wednesday the following business was transacted;— Fat Cattle—l 62 head yarded. Prices for all fit for the butcher were a shade firmer than last week. Best bullocks brought from £8 to £8 12s 6d, ordinary do do do £6 to £7 15s, small do do do £4 to £5 10s, best cows do do £5 10s to £6 17s 6d, ordinary do do do £4 to £5 ss, aged and inferior do do £2 to £3 12s 6d. Pat Sheep—29s3 yarded. Prices as compared with last week, taking into account that a better class of sheep was penned, are without quotable change. Extra prime heavy weight crossbred wethers sold at 16s 6d to 18s; prime crossbred do, 15s to 16s; ordinary do do, 14s to 14s 6d; light do do, 12s to 13s; extra prime do ewes, 16s to 17s 6d; prime do do, 14s to 15s ; ordinary do do, 12s to 13s 6d; light and aged do do, 10s to 11s 6d; merino wethers, 6s to 11s 3d. Fat Lambs—l 99 penned, and sold uncommonly well, prices ranging from 8s 6d to 13s 6d. Pigs—292 penned. Bacon pigs brought from 29s to 425; porkers, 23s (to 275; stores, 15s to 20s ; slips, 13s to 14s ; suckers, 7s to 10s. Grain-fed bacon pigs were in considerable demand. AUSTRALIAN MARKETS. Sydney, May 4. Owing to the mills running short time little or no wheat is changing hands. Latest quotations are ;—Chick, 3s lOd ; New Zealand moderate class milling, 4s 4d to 4s sd; hunters, 4s 6d; pearl and velvet, 4s 7d; tuscan, 4s Bd. Oats, market bare; millling and bright short feeding sorts, 2s 2d to 2s 4d ; seed, 2s 6d. Maize, 2s 7d. Bran, Is 2d; pollard, Is 2d to Is 3d. Peas, 3s 6d. The supply of potatoes is in excess of demand. New Zealand potatoes are quoted at £5 ss, but 13,700 sacks, which are due by the Wakatipu and Poherau, are certain to affect these prices. Circular Head, £3. Onions, £3 15s. Butter-, dairy-made, lid to Is ; factory-made, Is 2d to Is 3d, market steady. Cheese, 5d to 6d. Bacon, New Zealand, 7id to 8d ; hams, lOd to lid. Melbourne, May 4. Wheat, 4s. Flour, stone-made, £8 15s to £9; roller-made, £9 to £lO. Oats, Algerian and Danish, Is lOd; stout, 2s 2d to 2s 2jd. Adelaide, May 4. Wheat, fair quality, averages 4s. Flour, stone-made, £9 to £9 10s; roller-made, £9 15s to £lO 2s 6d. Oats, 3s 3d to 3s 4d. Barley, Cape, 3s 6d to 3s 9d; English malting sorts, 4s sd. Bran, Is. Pollard, Is Id. ENGLISH AND FOREIGN MARKETS. London, May 3. The present series of wool sales closed with competition spirited, as compared with the January sales. Superior greasy and scoured sorts have been from par to a half penny higher. Lambs and crossbreds ditto. Average greasy combings and inferior scoured, a half penny to a penny higher. The prospects of higher prices at the next series are doubtful, as English buyers will not support higher values. At the series just closed foreign representatives were the largest buyers. May 4. * The Otago and Southland Investment Company have declared a dividend of 5 per cent, and carried forward £l5O. They also decided to write £3560 off the reserve fund, and apply £4300 to the suspense account to meet bad debts. The directors in their report complain of the uncertainty as to future taxation in New Zealand. May 5. The total quantity of wheat and flour afloat for the United Kingdom is 2,904,000 ; quarters. At the wool sales just closed the number of bales catalogued was 354,600, of which 344,000 were sold. The estimated visible supply of American wheat is 49,400,000 bushels. A cargo of South Australian wheat sold at 36s 6d. New Zealand apples in sound condition are selling at 5s to 15s per case. The Manchester Chamber of Commerce, after three days’ debate, resolved to urge the Government to promote an international agreement, securing a stable par of exchange between gold and silver. The Investors’ Review asserts that the entire fabric of Australasian civilisation is built upon debt, and that another credit storm in London will possibly drive the colonics into bankruptcy. Fresh loans will bp generally demanded, and they will be covered only on terms adverse to the balance of trade, The corporate and private debts of the colonies together are large enough for a population 0f20,000,000. The banks and rings of loan-mongers are partly responsible for this state of things, i and they are now loaded to an extent almost sufficient to destroy their credit were the facts disclosed. The Review urges that borrowing should be reduced to a minimum. This is only the beginning of bad times. The Globe states that the colonies are hankering after fresh loans, and ridicules the idea of their being able to restore confidence, It is stated that a group of London houses has contracted to raise £4,000,000 for Portugal. Berlin, May 4. The Vossische Zeitung thinks that the zollverein suggested by Canada will provoke reprisals,