COMMERCIAL.

Temuka Leader, Issue 2394, 3 September 1892, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE.

The following is the Corn Exchange report (per F. Denham, Secretary), for the week ending September 3rd : Wheat—lt is distressing to read the results of sales of cargoes, and even at the ruinously low prices at which they are taken up, we to get only part of the truth, as cables add "quality and condition guaranteed." This suggests a lower depth yet, and we fear with faulty lines going into the English market New Zealand's name for good wheat may get a black spot on it. Barley—lnactive. Oats remain about the same in price. The general opinion seems they will drop again. The operations of the week have not been of any magnitude. Ryegrass— The late soaking rains have stopped sowing, and checked sales, but has made pastures come on by " leaps and bouds." (We fancy we have heard that expression before). Potatoes—Little demand at the wretched prices to be obtained, and if the Australian market does not improve, we eannot see how our heavy stock can be got away. Farmers' prices, f.0.b., packages extra : Wheat—Sound milling, 3s 5d to 3s 7d, Barley—Malting, 4s. Oats—feed, Is 9d to Is lOd; milling, 2s. Peas—Blue, 3s 2d. Beans—3s. Rye Grass—Machined, 3s to 3s Gd. Butter —Factory. Is; keg, 7d to Bd. Cheese —3£d to sd. Potatoes —10s at stations.

CHRISTCHURCH STOCK MARKETS. At the Addington yards on Wednesday there were large entries of stock. Fat Sheep—The fat sheep market was irregular. Sales Avere very dragging at the opening, but there was a slight improvement towards the close. Prices on the whole were slightly lower than last week s. Really fine pens of crossbreds or merinos sold well up to late rates, and for the former 20s to 22s Id were realised, while the latter brought from 148 Id to 1.5 s 4d. The general run of good crossbred wethers was, however, from 17s to 19s; wethers and maiden ewes from 15s 3d to 19s 4d; ewes from 14s to lGs 4d, and merino wethers from 9s Sd to 12s lOd. For inferior merinos there was little or no sale. Fat lambs ranged from 10s Gd to 21s, Store Sheep—There was o fair entry of store sheep, all crossbreds. Hoggets made from lis to 13s 3d, wethers from 15s to lGs 3d, and ewes 13s to 13s Gd. A nice line of four' tooth ewes, in lamb to pure bred Lincoln rams, made 18s 7d. Store Cattle The store cattle market was very animated, and the entry the largest of the season. Tearlings made from 33s to 445, eighteen-month'-old heifers £2 5s to £3 4s, two-year-old steers £3 7s Gd to £3 12s Gd, two-and-a-half year old heifers £3 15s to £4 Is, and steers £3 10s to £4 ss. Dry cows made from £2 los to £4 ss, and dairy cows and springers, of which a large number were yarded, sold at from £5 to £7 12s Gd.

Fat Cattle —The fat cattle market was well supplied, and sales were well up to lfite rates, A #»<* ljue of 2tj

heifers sold from £7 5s to £8 12s 6d; steers ran from £4 10s to £9 2s 6d, and cows from £4los to £8 10s. Pigs Pigs still maintain late values. Baconers made from 27s 6d to 655, choppers from 33s 6d to 61s, porkers 15s to 25s 6d, and stores 10s to 15s 6d.

DUNEDIN PRODUCE MARKETS.

The following is the report for the week ending Wednesday : Wheat—Wheat is receiving more attention, and any good samples find buyers at quotations. Prime tuscan up to 3s lOd ; velvet and red straw in prime condition to 8s Sd ; other qualities, from 8s to 8s 6d ; fowls' wheat, good whole, 2s 6d to 2s 8d ; medium and broken. 2s to 2s 3d. Having just returned from a trip through Canterbury, we find nearly all stores full of soft wheats, which are not fit for milling, and we predict good flour will be scarce as the season advances. Roller flour has been reduced 10s per ton.

Barley—Very little business passing in this line. Good malting, nominally, 3s 9d; milling, 3s to 3s 3d; feed, 2s 6d to 2s Ud.

Oats have had a better demand during the week with enhanced values. Prime milling, and good, short, bright feed, 2s Id to 2s 2d; medium qualities from Is *Jd to 2s; long tartarian and other sorts, suitable for seed, up to 2s 3d.

Linseed—£l3 per ton. Potatoes—lf good qualities 32s 6d to 85s ; inferior, 20s to 25s per ton. Onions—Best Melbourne 5s 6d per cwt.

Pigs—Prime quality suitable sizes, 3f d ; haras, 7d to 8d ; bacon, 5d to s|d. Chaff —Well cut and clean heavy quality up to 50s; other sorts from 80s to 40s.

Tui*nips—l2s 6d per ton. Carrots—2os to 25s per ton. Salt butter in small supply, 9dtolod. Lard—4|d. Beeswax, Is per lb. Honey, market full; 3d to 4d for best.

Cheese—Factory,s4/l ; Akaroa, 3f d to 4-|d large size. Grass Seeds—Ryegrass, farmers', 2s to 3s 3d ; machined, 3s 3d to 4s 6d; Italian, 3s 9d to 4s Gd; cocksfoot, to S^d.

Sheepskins—At auction on Tuesday best butchers' green crossbreds brought 4s Sd to os: good do, 4s 3d to 4s Gd; medium, 3s Gd to 4s; best green merinos, 3s to 8s Sd; country dry crossbred, well woolled, and with well saved pelts, 4s to 4s 9d; full-woolled up to 8s 2d; medium quality crossbreds, 2s Gd to 3s 9d ; inferior, Is lOd to 2s 4d; dry merinos, 2s 9d to 3s Gd for best; and others, ls9clto2s6d; pelts, Gd to Is 4d. Hides—This market is very quiet, and the supplies exceed the demand for all classes, with the exception of heavy, well-flayed ox hides, going GOlb and over, which are worth 3d. Hides 451 b to 591 b, 2d to 2-jd ; and from 301 b to 441 b, to If d; inferior and slippy, Id to lj-d. Tallow—There is no change in the tone of this market, although supplies are small. Consignments are easily placed at, for prime rendered mutton, 18s Gd to 20s : medium, los Gd to 18s; rough fat—best caul, 18s to 13s Gd ; medium, 10s to 12s Gd.

DUNEDIN STOCK MARKETS,

At the Burnside Market on Wednesday the following business was transacted:—

Fat Cattle —233 head yarded, consisting mostly of good to prime beef. Owing to the trade being partly stocked, competition was not keen, and prices ruling were not better than those of last week. Best bullocks brought £8 to £9 7s Gd ; medium, £6 5s to £7 10s; light, £4 17s Gd to £5 10s ; best cows, £G 2s Gd to £7 ; medium, £5 to £6 ; light, £3 to £4 10s. Fat Sheep—3o7s penned, including 950 merinos. The entry proved too large for tiade requirements, and prices obtained show a drop of Is to Is Gd per head. Best crossbred wethers brought 15s Gd to 17s Gd ; two or three pens extra heavy, 18s to 20s ; ordinary. 14s to 15s 3d; ewes, 14s Gd to 15s Gd; inferior, 12s to 13s 9d; and best merino wethers, 10s Gd to 13s ; others, 7s 7d to 9s 9d. Pigs—Only 74 were penned, and sold well. Suckers brought Gs Gd to 13s Gd; slips, 15s to 17s; porkers, 27s Gd to 33s Gd ; baconers, 37s Gd to 41s Gd ; and a few extra heavy up to 525. There is a strong demand for stores and porkers.

AUSTRALIAN MARKETS,

Sydney, August 31

Wheat, chick, 3s 4d ; New Zealand unsaleable, 4s 2d; local, nominal, 4s lOd to 4s lid. Flour, New Zealand, £0 to £9 10s. Oats, feeding, 2s 8d to 2s 9d; milling, 2s lOd j seed, 2s lOd to 3s, Maize, 3s Bd. Barley, 3s Gd to 3s 8d ; English, nominal, 3s to 3s Gd. Bran, dull, Hid ; New Zealand, lid to 12£d. Peas, New Zealand, 3s 9d; Prussian Blue, 3s 4d to 3s Gd. Potatoes, New Zealand, £2 5s to £2los; Circular Head, £3 10s.

Onions, £3 ss. Butter, sparce and in good demand, dairy-made, Is 3d to ls4d ; factory-made, Is 5d to ,1s Gd.

Bacon, Now Zealand, old, 7£d; new, B£d; local, 4d to Gd ; market glutted. Melbourne, August 31. Wheat, 3s lid to 3s ll£d ; fair business doing. Adelaide, August 31. Wheat, 4s 3d. Flour, roller-made, £9 17s Gd to £lO 2s Gd. Oats, New Zealand, 3s 4d to 3s Gd. Bran and pollard, 11 Ad. Brisbane, September 1. The Assembly has passed an imposition duty of £1 per ton on flour.

ENGLISH AND FOREIGN MARKETS. London, August 31. Silver has risen £d. The quantity of wheat and Hour afloat for the United Kingdom, is

2,200,000 quarters, and for the Con- ' tinent 892,000 quarters. ' Mr Alexander, of the firm of Redfern, Alexander and Co., states that the immediate cause of the firm's failure was a demand made by the executors of the late Dr Vanderbyl, who was for many years the principal partner, for payment of £50,000. He declared that outside dece?sed's family the liabilities are very small. It is probable that an attempt will be made to resume business under the management of the son of Dr. Vanderbyl. September 1. The American visible supply of wheat is 42,800,000 bushels. The New Zealand Loan and Mercantile Agei.cy Company, Limited, have received the following cablegram from their London office : "Wheat—Market dull; there is little demand. The quality of the crop heje is indifferent. The condition of New Zealand wheat is defective, therefore, sales difficult. New Zealand wheat, f.a.q., is worth, c.i.f., to arrive, 27s 6d per 4801 b, nominal value. New Zealand wheat, iong-berried, first quality, is worth 81s per 4961 b, and second quality is worth 26s 6d. New Zealand wheat, average first quality is worth 30s, and second quality 26s per 496 ft.."