COMMERCIAL.

Temuka Leader, Issue 2398, 20 August 1892, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE,

The following is the Corn Exchange repox-t (per F Denham, Secx-etary), for the week ending August 20th : Wheat —Market drags. Millers holding off for the present, and shippers cannot give within measureable distance price asked for prime milling. Barley— No good malting offering, and other kinds neglected. Oats —A number of enquiries during the week, but holders have followed their usual tactics, and as soon as the market showed a little firmness piled the agony on to such a degree that operations have been few, and in some instances orders have been driven away to other places, though they could have been filled here at remnnex’ative prices. Potatoes — We are almost afraid to write it, but we must record opera+ions that come under our notice. Several spot lines sold this week at 10s per ton. Grass Seed — Decidedly easier. The following are prices paid to farmers’, f.0.b., packages extra, potatoes excepted : —Wheat, prime milling, 3s Bd. Barley, second rate, 2s fid to 3s. Oats, milling, 2s ; seed tartars, 2s. Potatoes, 10s to 15s. Ryegrass, machine dressed, 3s to 3s 3d. Cheese, 3|d to 5d Fresh factory butter, Is. Peas, blues' 3s 3d ; field peas, 2s Gd. Beans, 3s to 3s 3d’

CHRISTCHURCH STOCK MARKETS,

At the Addington yards on Wednesday the market was not so large as that of the previous week. Store Sheep—The weather especially affected the appearance of the store sheep, which were chiefly lambing ewes. Merino ewes in lamb brought from 6s 2d to 9s 6d, and crossbred ewes 13s 3d to 18s Gd ; crossbred hoggets 13s to 14s 3d, the sale being dull. Fat Sheep— Except for extra prime fat crossbreds the fat sheep market was easier than last week. Crossbreds, wethers, brought from 15s to 17s Gd, 19s, 20s 2d, to 21s Gd, and a prime line ranged from 20s Id to 22s 7d. Crossbred ewes made from 14s 3d to 18s 4d, and merino wethers from 7s Gd to 13s 3d. An extra prime line of merinos realised from 15s to IBs 3d. Store Cattle—Stores sold readily at from 34s to 35.=s for yearlings, steers and heifers from £2 12s to £4 7s Gd, dairy cows and springers from £4lss to £7 10s. Fat Cattle—There was a good demand for the small supply of fat cattle yarded, steers ranging from £5 15s to £B, cows and heifers from £5 to £B.

Pigs—Pigs were in brisk demand at late rates” porkers realising from 15s Gd to 265, and baconers from 35s to 473; About 250 yarded.

DUNEDIN PRODUCE MARKETS,

The following is the report for the week ending Wednesday Wheat—Prime milling, 3s Td to 3s fid; an extra prime sample would fetch 3s fid ; medium,' 3s to 3s Gd ; fowls’ wheat, good tvhole, 2s Gd to 2s 9d; medium and broken. 2s to 2s Gd. Earley 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 sons. Prime milling, Is 1 Id; good to medium feed, Is 8d to Is lid; inferior, Is Gd to Is 8d ; a)J sacks extra, off trucks. Seed sorts, long and short, 2s to2s 3d. Prime Nelson hops, Is, Linseed —£13 (wanted). Potatoes —20s to 30s. Carrots—-20s to 22s Gd per ton, sacks extra.

Onions —£0 for best Melbourne,

Pigs—ln good demand, loo‘s tolGO's, well killed, not too fat, 3|d to 4d: hams, 7d to 7£d ; bacon, od to o^d. Chaff —35s"to 45s ; tip-top is worth sos. Turnips—l2s Gd to los.

Butter Fresh, best, lOd ; prime salt, iff! to 10(1—packages extra or returnable. tiard —4d to l^d. Honey—4d. Beeswax, Is per lb.

Cheese Factory, s ; [d to 54d; loaves, 4d more; best Akaroa, 4jd to 4rVd : medium, 3Jd to 4d; loaves, more.

Grass Seeds —Ryegrass, farmers’, 2s to 3 s 3d ; machined, 3s 3d to 4s (id ; Italian, 3s 9d to 4s (id; cocksfoot, to 4d.

Sheepskins —At auction on Tuesday a brisk demand was shown throughout, all lots selling readily at prices marked by » firmness in comparison with late rides. Butchers’ green crossbreds brought 4s to Od—that is for really good lines; extra good to 5s ; medium to good, 3s 4d to 4s; merinos, 2s Od to 3s Gd; early sh'vrn dry crossbreds, is to 4s Gd; fullwoolled, to 6s 3d; medium, 2s Od to 3s Gd ; inferior, Is Od to 2s 3d; merinos, proportionate rates ; pelts, 6d to Is 3d. Hides Values are practically michanged. Well flayed heavy ox being worth 2fd to 3d per It); extra heavy, to 3Jd; medium, 2pl to 2£d j light, lied to 2d; inferior, to ltd; cujf skins, Od to 2s each.

Tidlow —The small parcels offering are quickly taken up at the following rates, which in unrendered fat are equal to an advance of about Gd per cwt. Prune rendered tallow at 18s Gd to 20s per cwt; medium, 15s to 17s Gd; clean caul fat (unrendered), 13s to 13s Gd; rough fat, 10s to 12s 6d.

DUNEDIN STOCK MARKETS,

At the Burnside Market on Wednesday the following business was transacted:— Fat Cattle—l4o head yarded. The sale generally must be considered a satisfactory one, but tho increased supply of good beef caused a slight decline in prices for tho heaviest and best cattle, though for medium weights there was little or no perceptible change. Prime bullocks brought £8 to £8 15s; extra heavy, £0 5s

to £lO 7s 6d ; medium, £7 to £7 15s; light and inferior, £5 10s to £G ss; best cows and heifers, £6 10s to £8 ; light to medium, £4 to £6. Fat Sheep—2o74 yarded, of which 454 were merinos. The opening transactions of the sale were very linn, and for the beat lines of crossbreds a slight advance on last week’s rates was obtained. Towards the finish competition was not so brisk, in fact there was a difference of nearly Is per head between the opening and closing rates. Outside the temporary advance referred to at the start of the sale, prices were much the same aa last week. One pen of extra heavy wethers brought 20s 3d, several other first-class lines 17s Gd to 18s Gd, good averagejwethers, IGa to IGsGd, light to medium 14s 9d to 15s Gd, owes 12s Gd to 16s Gd, merino wethers (good) 12s to 15s fid, others 7s Gd to 10s. Pigs—l2B yarded, of which 30 were prime bacdners. For curers’ lines there was no change in values from last week, porkers selling readily at x-ather better prices, and stores at late rates. Prime bacon pigs broxxght 38s to 455; medium, 35s ; porkers, 24s to 32s ; slips, 13s to 15s; stores, 17s to 20s ; suckers, 7s to 11s.

AUSTRALIAN MARKETS,

Sydney, August IG. Wheat, chick, 3s 3d to 3s Gd: milling, New Zealand, dull, 3s Gd to 4s Gd ; local, 4s fid to 4s lOd. Flour, rollermade, New Zealand, £fi to £fi 10s. Oats, short, feeding, 2s fid to 2s lOd ; seed, 3s. Maize, 3s Gd to 3s 8(1. Barley, Cape, 3s 3d. Peas, Prussian Blues, 3slodto4s. Bran and pollard, Potatoes, New Zealand, £2 5s to £2 10s; Circular Heads, £2 10s to £2 15s. Onions, £3 ss. Butter, New Zealand, factory-made, Is 3d to Is 4d ; local, dairy-made, Is 3d to Is Gd. Cheese, 5d to 6d. Bacon, New Zealand cux-ed, 8d to S^d. Melbourne, August IG. Wheat, Flour, stone-made, £8 10s to £8 15s; roller, £fi ss. Oats, Danish, 2s Id to 2s 2d; tartarian, 2s 2d ; stout, 2s 3d. August 18. The report of the committee appointed to investigate the affairs of the Mercantile Bank reveals some queer financing, and that as far back as 1889 the bank was past redemption. The losses directly attributed to Sir Matthew Davies and his co-directora are £659,000, out 0f£1,830,000, the balance of which is principally due by companies in which Davies is largely interested. It is estimated that the shareholders will lose £512,000 of the firstnamed sum. Adelaide, August IG. Wiieat, 4s without animation. Flour, roller-made, £9 10s to £lO. Oats, feeding, 3s 4d, to 3s 5(1. Bran and pollard, ll^d.

ENGLISH AND FOREIGN MARKETS. London, August 1(5.

Oft' coast cargoes of Australian wheat are sold at 335. The cargo by the barque Chacma from Lyttelton sold at 31s Od. Silver, 3s 2 o-16thd.

It is estimated that at least £1,000,000 will be required to satisfy holders of Murrietta’s debentures before the ordinary creditors can handle the assets. The total quantity of wheat and flour afloat for the United Kingdom is 2.232.000 quarters, and for the Continent 844.000 quarters. A cargo ex barque Cockermouth from Lyttelton realised 30s 4d.

Qats, barque Augusta, from the Bluff, £1 6s 3d, •

August 17. The American visible supply of wheat is estimated at £35,000,000 bushels.

The Eastern banks are alarmed lest the fall in silver should depreciate securities, and cause a scare. August 18. It is reported that, owing to the fall in silver, a bank connected with the East has been compelled to apply to the Bank of England for assistance, which was refused. Calcutta, August 17.

At a great meeting held in Madras, resolutions were passed urging the Government to declare how they will prevent a silver panic.