COMMERCIAL.

Temuka Leader, Issue 2409, 8 October 1892, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE,

The following is the Corn Exchange report (per F Denham, Secretary), for the week ending October Bth : Wheat—A little enquiry during the week for whole fowl wheat slightly sprung, and we regret we have seen several very good lines passed on at 2s to 2s 2d, f.o.b. Tliis is a fair index of what our damaged wheat is worth. The weather has seriously interfered with spring sowing, and if we get fine weather it will be some time before the land cun be got at. A number of farmers who sowed early have had their lands Hooded, the seed rotted, and all their work to do over again. Barley—Nothing doing. Oats—F cry little demand and few offering, so sellers and buyers are square, prices easier. Rye Grass—Heavy seed sells fairly well., but lighter sorts hard to place, though a. late authority tells us “ The popular idea that a first year’s crop is not perennial is a fine fiction.” Wheat—Whole sprouted, 2s to 2s 2d ; sound milling. 3s 4d. Barley ■ —Feed, Is 9d to 2s Gd. Oats —Feed, Is 7d to Is 9d; milling, Is lid to 2a.

Potatoes —Fanners do not care to sell tyelow 9s to 10s at stations, and the qml’UUy passing at the price is small, very. Peas —2*' Gd to 3s. Beans 3s to 3s .‘bi. jflye Off.?;?#—Too mu«li fanners offering ; loWli dfetf-Sas/i* 3s to 3s Gd, Butter—Farmers tc» 94-i factory, lid. Cheese —3d to 5(1. The above are prices paid to farmers, f.0.b.. packages extra, potatoes excepted.

CHRISTCHURCH STOCK MARKETS,

At the Addington yards on Wednesday there was a fair entry of stock. Store Sheep—Hoggets brought from 11s to IGs .‘id, two and fonr-tooth crossbreds, mixed sexes, realised from IGs to 17s, and ewes and lambs, and ewes with a full percentage of lambs, brought up to ISs od. Fat .Sheep—There was a scarcity of prime crossbred sheep iu the fat sheep

pens, and the demand being somewhat keener than before there was a decided hardening in values. Lines of wethers alone sold at from 18s to 21s 7d, giving a return of 3§d per lb, all counted, and the better class of wethers and maiden ewes yielded up to that value. In the case of second-rate quality, which was in the minority, the sale was less active, and from 3-j-d to per lb was returned. Some especially heavyweight wethers realised the highest price (£2 a head) ever obtained for this class of sheep in the Addington Yards, and possibly in this colony. Some prime merino sheep brought up to £1 a head. All through the sale good merinos values were firmer by nearly a shilling a head, 3d to 3£d a pound being the average price obtained, skins and fat counted. Second-class merinos at satisfactory prices. Fat Cattle —The entry of fat steers and heifers was so large that values were not sustained. Best bullocks, weighing from 6001 b to 8001 b, realised from £7 to £9 2s 6d, and heifers from £6 to £B, giving a return of fully Is per 1001 b less than was obtained at last week’s market. The price for best beef ranged from 20s 6d to 22s per lOOfb, but a number of animals were passed out unsold, as there was positively no demand for them. Store Cattle —Well forward young store cattle were very readily sold, at even better prices than last week’s. Calves brought from 25s to 38s 6d, yearlings to eighteen-months up to £3 3s, two-year-old steers to£4 7s6d, and three-year-old steers to £5 11s. Dry cows were scarce, but sold freely at up to £4 os, and and a number of dairy cows and springers changed hands at from £4 to £7 10s, Pigs—The sale of pigs was more active than it was last week, good porkers advancing considerably in demand. Some well-fed farmers’ sorts brought up to 265, equal to a trifle over 4d per lb, while light-weight baconers sold at from £1 10s to £2 3s 6d, averaging 3f d to 4d per lb all round. DUNEDIN PRODUCE MARKETS.

The following is the report for the week ending Wednesday : Wheat—Wheat of good quality is getting scarcer, and for prime milling sorts from 3s 4d to 3s 6d may be quoted ; second quality from 2s 9d to 3s ; fowls’ wheat, good whole, 2s 6d to 2s 8d; medium and broken, 2s to 2s od. Barley—Good malting, nominally, 3s 9d ; milling, 3s to 3s 3d ; feed, 2s Gd to 2s 9d, Very little business passing. Oats—Prime milling, and good, short, bright feed, 2s; medium qualities from Is 6d to Is lOd. Linseed—£l3 per ton. Potatoes—lf good qualities 30s ; inferior, 20s to 25s per ton. Onions—Best Melbourne Bs. Pigs—Prime quality, suitable sizes, 4d. Haras and bacon, 7d to Sd ; roll bacon, 6d to G|d. Chaff —Welf cut and clean heavy quality up to 50s; other sorts from 30s to 40s.

Salt butter in demand for shipping ; 8d for prime quality. Small parcels for local demand fetch to 9d. Lard—4J,-d. Beeswax, Is per lb. Honey, market full; to 4d for best. Cheese—Factory, 5d ; Akaroa, 3fd to large size. Grass Seeds—Ryegrass, farmers’, 2s to 3s 3d; machined, 3s 3d to 4s ; Italian, 3s 9d to 4s (id; cocksfoot, 2|d to 4d.

Sheepskins—At auction on Tuesday country dry crossbreds, inferior to medium, brought 2s to 3s; do do merino, Is lOd to2s lid; full-woolled crossbreds 4s to 5s 8d ; do do merino, 3s to 4s 9d; dry pelts, 4d to Is 8d; butchers’ green crossbreds—best, 5s to 5s 4d—extra prime, shade more; medium to good, 3s lid to 4s lOd ; green merinos—best, 3s 3d to 3s 8d ; light, 2s 8d to 3s 2d; lambskins, Gd to Is 2d.

Hides—There are local buyers for all coming forward at the following quotations, viz. i —For heavy hides, in good condition, 2|d to 3d j medium, 2d to 2|d ; light, to Ifd ; inferior, Id to per lb. Tallow—The regular demand for local consumption continues good. There is no change to note in prices, which continue very steady at, for rendered mutton, 19s to 20s; medium to good. IGs to ISs (id; inferior to medium, 13s to 15s. Rough fat is in very good request. Best mutton caul fetches J2s Gd to 13s Gd ; 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—Only 135) head yarded, but it proved .sufficient for all requirements. At the commencement of the sale bidding was rather languid, but towards the end it became much brisker, Best bullocks brought from £8 ds to £9 17s Gd; one extra heavy, £lO ITsGd; medium bullocks, £G 10s to £8; best cows, £7 to £8 10s: medium do, £4 Ids to £G 10s. Fat Sheep— ldGO crossbreds and GOO merinos yarded. Kxcept tor very prime crossbreds (for which there was keen competition), bidding was very slack ; indeed merinos were very bard to quit, at any price. Best crossbred wethers brought 17s to 18s 9d; medium do, 34s Gd to IGs Gd ; best do ewes, Ids to i'7s.’ medium do, 12s Gd to 14s Gd; merino waters. 7s to 10s. Lambs—Prices are not ypt so high as last season. Best lambs brought 10s to 11s‘Jd; medium and small, Gs to s)s, Picr S _Oniy 71 penned. These all sold under brisk comprljf? on *it fully last week’s rates. MONETARY AND COMMERCIAL Mei,bouhne, Oct. d. The wool sales opened to-day. There was a large number of buyers

present, especially American and Continental. Combing wools brought up to B|d, and scoured 9d to XOd. The rates at present are about 5 to 74 per cent below last year’s averages, London, October 4. A cargo of wheat ex the barque Clara from Lyttelton has been sold at about 27s 9d. The Liberator Building Society has been wound up. The liabilities are £3,500,000. The AHctoria, Commercial, and City of Melbourne Banks have agreed to issue the Melbourne Board of Works loan, October 5. Over half a million of money has been re-deposited in the Birbeck Bank, on which there was a heavy run lately. A syndicate of banks have taken £700,000 worth of Central Argentine railway stock belonging to Barings’ estate. Silver is quoted at 3s l^d. The total quantity of wheat and flour afloat for the United Kingdom is 1,940,000 quarters, and for the Continent 928,000 quarters. Colonial stock are quoted—New Zealand Loan and Mercantile Agency Company’s 4 per cent,, 95 ; Australian and New Zealand Mortgage Company’s per cent., 100 ; Dalgety and Company’s 4-1 per cent., 112. The visible American supply of wheat is estimated at 59,800,000 bushels. Competition at the wool sales continues Arm at late rates. There is a bitter feeling in the city, especially with regard to the Argentine. Washington, Oct. 5. The Commercial Bank of America has secured possession of Pago Pago coaling station at a cost of £IO,OOO.