COMMERCIAL.

Temuka Leader, Issue 2392, 6 August 1892, Page 4

COMMERCIAL.

CHRISTCHURCH STOCK MARKETS. At the Addington yards on Wednesday there was a large entry of stock. Store Sheep—A capital demand existed. Crossbred ewes in lamb sold readily at from 14s Gd to IGs lid, and a line of halfbred ewes with lambs brought 18s. Hoggets realised from 9s 3d to 18s, one very small line being disposed of at 8s and a line of mixed crossbreds sold at 15s. Merino ewes in lamb sold at from 8s Id to 8s lid, and a few wethers were difficult to dispose of at 7s 6d and 8s 2d. Fat Sheep—The entry of fat sheep was a singularly large one. The sale was not satisfactory to buyers or sellers, as the stock train from the south, which is usually alongside the yards long before daylight, did not arrive till after eleven o'clock in the morning, and its contents—7l trucks of sheep, numbering nearly 4000 —had to be hurried into the market, which they completely glutted. The result was that, with the exception of the prim est freezers, there was an irregular market, and toward its close values fluctuated. As a consequence a large proportion of the entry was withdrawn, and a good many were disposed of at a considerable sacrifice. For best freezing wethers and maiden ewes, from 19s to 23s lOd was given, prices varying from Bij?d to 3fd per pound, all counted; but the sale of crossbred ewes and merinos was so varied as to render it impossible to note a value. Some very good merino wethers were sold up to 15s lid, and some went as low as 9s lid. Fat Cattle —There was an improved sale of beef because there was less of it, and there was a local demand that did not exist last week. The result was a sharp rise, best steers selling at from £7 10s to £lO. Heifers sold proportionately, best beef yielding from 19s to 21s per 1001 b without difficulty. Good sorts of cows realised from 17s.

Store Cattle, &c.—A good deal of activity was noticeable in the store cattle sale, all the young stock offered being snapped up at advanced prices. One small lot of calves brought 15s, but with that exception lines of young cattle less than fifteen months old brought from 21s to 435. Two to two-and-a-half-year-old heifers sold at from £3 2s Gd to £3 7s Gd, and steers from £2 12s Gd to £3 Gs. Eighteenmonth heifers brought up to 535, and three-year-olds £4 to £4 7s. There was a good sale of dry cows, springers and dairy cows, several dairy cows being sold at £5 to £8 10s. Pigs—There was a further improvement in the sale of bacon pigs. Handysized baconers brought from £1 Gs to £2 8s Gd, yielding equal to per lb, and in some cases a trifle above this, while porkers realised from 15s to 2Gs, equal to 4d per lb all round. Every line was cleared.

DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday : Wheat—Prime milling, 3s 7d to 3s 8d; medium, 3s 3d to3sGd; fowls' wheat, good whole, 2s Gd to 2s 9d; medium and broken, 2s to 2s 6d. Barley is in fair demand if good bright. Malting at from 4s to 4s 3d ; medium, 3s 3d to 3s Gd; milling wanted at from 3s 3d to 3s Gd; feed, 2s to 2s 3d.

Oats—Good inquiry for all sorts. Prime milling, Is lid; good to medium feed, Is 8d to Is lid; inferior, Is (id to Is 8d ; all sacks extra, off trucks. Seed sorts, long and short, 2s to 2s 3d. Primp Nelson hops, Is. Linseed—£lß (wanted). Potatoes—Glutted, 25s to 30s, and no sale. Carrots —25s per ton, sacks extra. Onions—£6 for best Melbourne. Pigs—ln good demand, 150's to IGO's, well killed, not too fat, 3fd to 4d; hams, 7d to 7-Jrd ; bacpn, 5d to 6d. Chaff—3ss to 45s ; is wprtfr #5s P Turnips—IGs to 17s Gd.

Butter —Fresh, best, lid; salt butter, nominally, lOd —packages extra or returnable. Lard—4d to 4£d. Honey—4d. Beeswax, Is per lb. Cheese Factory, s|d to 5-|d; loaves, id more; best Akaroa, to 4|d ; meflinm, 3%d to 4d ; loaves, J-d more. Grass Seeds—Ryegrass, farmers', 2s to 3s 3d; machined, 3s 3d to 4s Gd; Italian, 3s Od to 4s Gd ; cocksfoot, 3|d to 4d. ~—

Sheepskins—At auction on Tuesday dry crossbreds, inferior to medium, brought 2s to 3s lid; do do merino. Is lOd to 3s; full-woolled crossbreds, 4s 2d to 6s 7d ; do do merino, 3s 2d to 5s 3d ; dry pelts, 4d to Is 7d ; butchers' green crossbreds—best, 4s 4dto4-s9d; selected, ss; medium to good, 3s 3d to 4-s 3d; green merinos, best, 3s 3d to 3s 9d ; light, 2s 9d to 3s each. Hides—There is no alteration to report in quotations lately current. For dry-salted heavy weights, free from sears and off'&l, 2id to 3d ; medium, 2d to2|d; light, l|dtol-|d; inferior, Id to l 7 jd per lb.

Tallow—The market is firm at late quotations. Quotations : For best rendered mutton, 19s to 20s ; medium fp good, 16s to 18s 6d ; inferior to medium, "i/iq fo 15s : best caul fat. 12s Gd to j.3sj inferior to medium and good; 9s to 12s per cwt. DTJSTEDtN STOCK MARKETS. At the JBurnside Market on Wednesday the following business was transacted;. — Fat Cat;tle—-200 yarded, threefourths of which were good to prime quality, with a few pens heavy weights. The demand to-day again was very good, last week's prices being fully maintained. Best bullocks brought £8 5s to £9 15s—extra heavy, £lO 15s to £ll 7s 6d> medjum to good, £6 12s Gd to £8; light-weights, £5 2s 6d to £6 7s Gd; best cows. £6 1 7s Gd to £8 ; medium to good, £5 to £/,; 12s Gd ; light and aged, £3 2s Gd to £4 7s '6d, J

Fat Sheep—3s3o crossbred wethers and ewes, and GOO merino wethers penned. While the demand was fairly good, prices for best sheep receded quite 1 s per head ; medium sorts would show a decline of fully Is Cd per head on last week's rates. " A few pens were passed in. Best crossbred wethers brought 17s to 19s 3d; ordinary, 13s to los Gd; best crossbred ewes, 14s Gd to IGs Gd; ordinary, 12s to 13s 9d ; merino wethers, medium quality. 7s 3d to lis 9d. Pigs—lG2 were penned, all of which met with a good demand. Suckers brought Gs 3d to 13s Gd; stores, los to 20s Gd; porkers, 22s Gd to 30s; baconers, 32s to 475; extras, 525.

AUSTRALIAN MARKETS. Sydney, August 3. Wheat, chick, 3s 3d; milling, very dull. 4s Gd to 4s 9d. Oats, verv scarce. 2s 8d to 2s lOd. Maize,"3s lOd'. Bran and poilard, Is. Teas, 3s lOd to 4s. Potatoes, New Zealand. £2 to £2 5s ; Circular Head, £3 10s. Onions, £3 to £3 10s. Butter, dairy-made. Is to Is 2d ; factory-made, Is 3d to Is 4d. Cheese, od to Gd. Bacon, New Zealand, 7£d to Bd. Melbourne, August 3. Wheat. 3s lOd. Oats, Algerian, Is B^d; feeding sorts, 2s 2d to 2s 3d. August 4. After this season the Government will abolish the bonuses on the export of butter. Adelaide, August 3. Wheat, quiet, 5s 2d. Flour, rollermade, £9 10s to £lO. Oats, firm, 3s 4d to 3s 4|d. Barley, prime malting, 4s 3d to os Gd. August 4. The Colonial Treasurer, in reply to a deputation, said the Government would take steps to impose a duty on wheat, a rebate being allowed on wheat from other colonies to be exported again as flour. ENGLISH AND FOREIGN MARKETS. London. August 3. Samuel Allsopp and Sons, Limited, show a profit of £85,000 for the year and pay a dividend of five per cent.

The Investors' Review in an article on the colonies asserts that the heavily laden residents of New Zealand may regard the graduated tax on real estates as emancipation from the tyranny of land lords, but that English investors consider that confiscation more than neutralises the soothing effect of abstention from borrowing, which has already done immense mischief and would bear bitter fruit. Only some such step by the Government would bring the finances into a healthy condition. The Review goes on to say that had the recent Victorian loan failed the Government would have had to make default before the end of the year.

The American visible supply of wheat is 31.300,000 bushels.