COMMERCIAL.

Temuka Leader, Issue 2412, 15 October 1892, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE.

The following is the Corn Exchange report (per F, Denham, Secretary), for the week ending October 15th : Wheat Holders seem to have dropped down to the state of the market, and have come in touch with buyers, hence a number of faulty parcels have been sold at their value, average 2s 3d, With regard to prime samples buyers are shy at 3s 4£d. Oats—A little demand at last week’s quotations. Barley—We do not know any transactions in this. Peas and Beans—The demand is limited and few offering. Rye Grass—Lots of farmers’ parcels on the market, but no buyers. Potatoes—The sudden advance in Sydney prices has given some hope to growers, and the price asked by some of them is comparatively high. In the meantime the middlemen are quietly unloading their previous purchases at 25s to 27s (id, f.0.b., sacks included. Whether our farmers will get the advantage of the Sydney rise is, we think, problematical. The following are prices paid to farmers, f.0.b., Lyttelton, packages extra, potatoes excepted: — Wheat—Off sorts, 2s to 2s 4d; prime, 3s Oats—Feed, Is 8d to Is lOd; milling, 2s. Potatoes—los at country stations. Peas—2s 6d to 8s 3d. Beans—3s to 3s 3d. Butter —Farmers’ fresh, 7d to9d; factory, lid, Cheese —3d to sd.

CHRISTCHURCH STOCK MARKETS.

At the Addington yards on Wednesday there was a fair entry of stock. Fat Cattle—The supply of fat cattle though not large was much in excess of the demand, prices consequently suffered a drop of about los per head. Heifers sold at from £4 os to £7 9s, steers at £7 17s 6d, and cows at from £4 10s to £5 los. Store Cattle —Store cattle of all descriptions still meet with a ready sale, yearlings bringing from 32s to 555, eighteen-months-old £2 12s to £3, steers at £5 2s to £5 Bs, heifers £2 12s Gd to £4 7s, and cows at all prices from £2 up to £G. Store Sheep—Store sheep were slow of sale, and the market is not likely to show much vigour till after shearing. Crossbred hoggets sold at from 11s to los, crossbred ewes end wethers at 14s 6d to los lOd, merino ewes at 6s lid, and merino wethers at 7s 2d. Fat Lambs—There was a good demand for fat lambs. Best quality sold at from 13s 6d to los 6d; medium quality realised 11s to 13s, and small sorts from 9s to 10s Gd Fat Sheep—The supply of fat sheep was a small one, and represented the usual average of quality. There were several pens of shorn crossbred sheep, the first of the season, some of which realised 15s 9d to 17s for wethers and 13s 9d to los Gd for maiden ewes; crossbred maiden ewes and wethers in the wool brought from 14s 6d to 19s 10d, and crossbred wethers from 16s 9d to 21s 3d. Another good line of merino wethers ranged from 18s to 20s 9d. Bssf. merinos sold at from 13s Id to IGs 6d. and medium 10s to 12s Gd. Pigs—The average entry of pigs yarded sold at from 16s Gd to 2Gs, baconers 27s Gd to 61s, choppers 65s to 70s.

DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday : Wheat—Wheat of good quality is getting scarcer, and prime milling sorts may be quoted at from 3s 4d to 3s Gd ; second quality from 2s 9d to 3s ; fowls’ wheat, good whole, 2s Gd to 2s 3d : medium and broken, 2s to 2s 3d. Barley—Very little business passing in this line. Good malting, nominally, 3s 9d; milling, 3s to 3s 3d ; feed, 2s Gd to 2a c dd.

Outs—Prime milling, and good, short, bright feed, 2s ; medium qualities from Is Gd to Is lOd. Rye Corn—2s 9d to Ms. Linseed—£l3 per ton. Potatoes—lf good qualities 30s ; inferior, 20s to 25s per ton. Onions —Best Melbourne £lO. pigs—Prime quality, suitable sizes. 4d. Hams 7d to 8d ; roll bacon, 6d to G^d; side bacon, s|d. Have inquiry for good pigs. Chaff—Well cut and clean heavy quality up to 50s; other sorts from 80s to 40s. Salt butter in demand for shipping ; 8d for prime quality. Small parcels for local demand fetch to 9d. Lard—4id. Beeswax, Is per lb. Honey, 4d for best.

Cheese —Factory, 6d ; Akaroa, 3|d to 4£d, large size. Grass Seeds —Ryegrass, farmers’, 2s to 3s 3d; machined, 3s 3d to 4s ; Italian, 3s 9d to 4s 6d; cocksfoot, 2-|d to 4d,

Sheepskins —At auction on Tuesday clean, well-saved merinos received more attention, and these may be quoted firmer ; but for all other descriptions the market is unchanged. Quotations are ; —Butchers’ best crossbreds (green), 4s lOd to 5s Gd; and a few very good to os 8d ; medium to good, 4s 2d to 4s 8d; green merinos, 8s to 4s ; dry crossbreds (best), 4s Gd to 5s Gd; medium, 2s lOd to 4s 3d; best dry merinos, 3s Gd to 4s 3d; ordinary, 2s to 3s 2d; pelts, 8d to Is 3d, and lambs 9d to Is 4d. and some very heavy full-woolled crossbreds to Bs. Hides—The supplies are heavy, and exceed the demand for such hides as are received—viz., badly flayed and illsaved skins. Really sound hides can be placed in this market at 3d, while we quote medium, 2d to light, to Ifd; inferior, slippy, and badly flayed, Id to l^d. Tallow—A good demand exists for all classes of rough fat and tallow. Best mutton rendered is worth 18s to 20s; medium, 15s to 17s; rough fat, 12s Gd to 14s; medium, 10s Gd to 12s.

DUNEDIN STOCK MARKETS,

At the. Burnside Market on Wednesday the following business was transacted: — Fat Cattle—29l head yarded, consisting of cattle from good to prime quality, with a few pens heavy weights. The demand was poor, and, taking the sale all round prices were fully 15s per head down. Best bullocks brought £8 to £9 ss; medium, £0 to £7 15s; light, £4 10s to £5 15s; best cows, £5 10s to £7 10s ; others, £4 to £5 ss. There were sold for Mr W. Balfour (Seadown), 24 bullocks at £8 10s to £9. Fat Sheep—lGGß penned, including 254 merino wethers, the balance being made up of two or three pens of medium crossbred ewes, and the remainder crossbred wethers. Competition was rather dull, but towards the close of the sale, prices obtained showed a slight advance. Quotations; Good crossbred wethers, 17s Gd to 18s 3d; a few extra heavy 19s Gd to 19s 9d; ordinary, 14s .9*d to IGs; crossbred ewes, 12s Gd to 14s Gd; best merino wethers, 11s Gd to 13s Gd; others. 9s 9d to 10s Gd. Fat Lambs —119 penned, and met witii a ready sale at, for best, 9s to 12s 9d; others, 5s Gd to 8s 6J. Pigs—Only 27 penned, and all classes represented were eagerly competed for. Prices show a decided advance. Suckers brought IGs to 16s 6d; porkers, 29s to 345; baconers. 36s to 445.

MONETARY AND COMMERCIAL

London, October 11. It is believed that Chili has placed a £3,000,000 loan in London. It is intended to form companies in Victoria, South Australia, and New Zealand to work the Danish milking machine (Neilson’s patent). Mi* H. Reynolds, of New Zealand, is making a good show of that colony’s butter at the Dairy Show at Islington, The exhibitions have produced an excellent impression. At the wool sales there is good competition. Prices are firm for medium and better wools; faulty sorts are weaker. Sir James Ferguson, presiding at a meeting of the Australian Cities Invest Company, said that there was no dividend to announce, but this need cause no surprise seeing what was the state of business in Sydney. There was, however, no reason to doubt the ultimate success of the company. An average price had been obtained for the company’s land near Sydney, amounting to 1400 acres. The Scotch municipalities are asking Mr 11. Gardner, President of the Board of Agriculture, to enforce the labelling of foreign meat to prevent deceit. Oct. 12. The American visible supply of wheat is 04.200,000 bushels. Hop-picking has finished, and the yield has fallen far short of the early estimate. It is expected that the total yield will be about 415.000 cwt. The Standard's St. Petersburg correspondent vires that Russia will shortly issue in Berlin and St. Petersburg a £20.000,000 loan with a minimum of 97. Get. 13. Th(? wool sales have closed, prices being steady and competition brisk up to the last. American buyers have taken GOOO bales. The filth series commences on November 21st, the list for which closes on the 22nd. The first series next year opens on January 24th, the list not being limited to any number. The second series commences on April sth and is limited to 450,000 bales. At the series just closed 298,000 bales of wool were sold. As compared with the July series prices for good merinos were unchanged ; medium do a |d to a 4d lower ; crossbreds, greasy. scuVedj, aud were