COMMERCIAL.

Temuka Leader, Issue 2421, 5 November 1892, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE,

The following is the Corn Exchange report (per F. Denham, Secretary), for the week ending November sth : Wheat—The English, American, Continental, and Australian markets show the same depressed state, whilst our local millers have reduced the price of flour. With these influences at work there is no possibility of any improvement, and it is questionable if present prices will hold for sound wheat. In the meantime we quote same as last week. Barley—Nothing doing. Oats—A few selling at prices in favor of buyers. Grass Seed—The season is over, and a considerable quantity is still in first hands. Potatoes—The late shipments to Sydney will just about cover themselves and pay our market rate, IDs at stations. A few large lines are still in growers’ hands. When they could have sold at market price they would not, and now they are likely to hold them altogether. The following are prices to fanners’, f.0.b., packages extra, potatoes and millers’ goods excepted : Wheat Prune milling, 3s 4d; others, Is 9d to 2s 9d. Barley —No malting offering; feed, cannot quote. Oats —Feed, Is 8d to Is lOd ; milling, 2s. Peas and Beans —As last. Grass Seed —Unsaleable. Butter —Active, farmers’, 7d to 9d; fresh factory, lldl Cheese —3d to sd, Potatoes—los at stations. Flour Best roller, £9. Bran—sss. Pollard —6O s, f.0.b., sacks included. CHRISTCHURCH STOCK MARKETS. At the Addington yards on Wednesday there was a fair entry of stock, and a larger attendance than usual. Fat Cattle —There was a large supply of fat cattle, for which there was a demand at about late rates. Steers sold from £6 2s 6d to £9, cows from £4 17s 6d to £8 15s, heifers from £5 12s 6d to £6 15s. Store Cattle —The demand for store cattle has now slackened, and sellers have to accept a considerable reduction in values as compared with those ruling a few weeks ago. Yearlings sold at 22s 6d to 51s, two-year-olds 455, steers up to £4 15s 6d, dairy cows and springers sold at from £4 5s to £7 15s. Fat Sheep—The entry of fat sheep was above the average in point of numbers, and it was noticeable for the larger proportion of crossbreds than of late. There was a good demand for all best quality sheep, and in consequence of the shrinkage in the values of skins, shorn crossbreds realised proportionately higher values. Shorn crossbred wethers ranged from 13s 8d to 17s 6d, ewes 11s to 15s lOd, wethers and maiden ewes 13s 9d to 14s 9d. An extra prime pen of shorn crossbred ewes brought 17s 6d. Crossbred wethers in the wool realised from 18s, 20s, 21s 9d, to 22s 3d, wethers and maiden ewes 18s lid, ewes 14s to 17s lid. The general run of merino? was 10s 7d to 12s for medium, and 13s to 15s 9d for best.

Store Sheep—There was a better demand for store sheep than of late, and they sold at 16s 6d for hoggets, crossbred ewes and lambs 17s to 22s 6d, shorn crossbreds 12s 2d to 12s 6d, merino ewes and lambs 14s.

Fat Lambs—There was a large entry of fat lambs, and the prices still show a downward tendency with the increasing numbers. The best pens ran from 12s 6d to 16s, medium 10s to 11s 6d.

Pigs—There was a keen demand for store pigs and porkers, but heavy baconers were neglected. Stores sold at all prices from 8s 6d to 15s 6d, porkers 16s 6d to 255, baconers from 24s to 355, choppers up to 635, DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday : Wheat —Prime milling sorts are not offering plentifully, though there is inquiry for it at from 3s 4d to 3s Gd; second quality 2s 9d to 3s; fowls’ wheat, good whole, 2s Gd to 2s 8d; medium and broken, 2s to 2s 3d.

Barley—Good malting, nominally, 3s 9d; milling, 2s Gd to 3s; feed, 2s Gd to 2s 9d.

Oats —Prime milling, and good, short, bright feed, Is lid, an exceptional bright lot would fetch 2s; medium qualities from Is Gd to Is lOcl. Rye Corn —2s 9d to 3s.

Linseed—£l4 per ton. Potatoes—lf good qualities 80s to 82s Gd ; inferior, 20s to 25s per ton. New Auckland kidneys just to hand, £2B per ton. Onions Best Melbourne very scarce at £ls. Pigs—Prime quality, suitable sizes, 4d. Haras 7d to 8d ; roll bacon, Gd to 64d : side bacon. 54d. Chaff—Well cut and clean heavy quality 52s 6d to 57s Gd ; other sorts from 40s to 50s. Salt butter in demand for shipping ; 8d for prime quality. Small parcels for local demand fetch to 9d. Lard —44 d. Beeswax, Is per lb. Honey, 4d for best. Cheese —Factory, 5d ; Akaroa, Sfd to 44-d, large size. Grass Seeds—-Ryegrass, farmers’, 2s to 8s 8d; machined, 3d to 4s ; Italian, 8e 9d to 4s Gd. Sheepskins—The demand continues fairly satisfactory considering the position of the wool market, and though the catalogues brought forward every week represent a large number of skins, they ail snd buyers, At

auction on Tuesday dry crossbreds, inferior to medium, brought Is lid to 3s 2d ; do do merino, Is 8d to 2s 8d; full-woolled crossbreds, 4s to 6s 2d; do do merino, 3s Id to 4s lid; dry pelts, 3d to Is 6d; butchers’ green crossbreds—best, 5s 3d to 5s 9d ; extra large, 6s Id to 6s 3d; medium to good, 3s lid to 5s 2d; shorn, 9d to Is ; green merinos in the wool—best, 3s 8d to 4s 5d ; light, 3s Id to 3s 6d; lambskins, lid to Is 2d each. Hides —The market is unchanged, prices remaining steady at about equal to those lately current—say, for heavy sorts, 2-|d to 2fd; extra do, 3d; medium, 2d to 2£d; light, to If d; inferior and slippy, Id to Ifd per lb.

Tallow There is no apparent alteration in values. Quotations : Best rendered mutton, 19s to 20s; medium to good, 16s to 18s 6d; inferior to medium, 13s to 15s. Rough fat, for which there is an excellent demand, sells relatively higher than when rendered ; best mutton caul fetches 12s 9d to 13s 6d; inferior to medium and good, 9s to 12s 6d per cwt. DUNEDIN STOCK MARKETS, At the Burnside Market on Wednesday the following business was transacted:—

Fat Cattle —170 head yarded, of which a few were heavy bullocks, a very large proportion being medium and light-weight bullocks and heifers. There was only a moderate demand, and prices show no improvement on those obtained last week. Best bullocks sold at £8 to £9 5s ; medium, £6 5s to £7 15s ; light, £4 6s to £5 10s ; cows and heifers, £3 15s to £6 17s 6d. Fat Sheep—Only 1145 yarded, of which 500 were merinos, and all were wethers except one or two pens. With the exception of one line of very heavy wethers, none were of really prime quality; indeed the quality, taking it all over, was rather below the average. There was a brisk demand, and prices were fully Is better than those obtainable last week. Best crossbred wethers sold at 17s to 19s 6d ; medium do, 15s to 16s 6d ; light do, 13s 9d to 14s 6d ; medium do, 9s 6d to 14s 6d.

Fat Lambs—The market was oversupplied this week, 438 coming forward. A draft of remarkably fine lambs topped the market at 13s 6d. The demand was slack and bidding very slow, only prime lambs being saleable to butchers. Prices for inferior showed a decline of from Is 6d to 2s 6d on those obtained last week. Prime sold at 11s 6d to 13s 6d; medium, 8s 6d to 10s 6d; small and inferior sold at 5s 9d to 7s,

Pigs Prices for suckers and bacon ers ruled about the same as last week; for stores and slips there was a strong demand at advanced prices. Suckers sold at 8s 3d to 13s; slips, Ids 6d to 17s; stores, 19s 6d to 2os; porkers, 2os to 28s; baconers, 29s 6d to 38s 6d; extra heavy, 625. AUSTRALIAN MARKETS. Sydney, Nov. 2. Wheat, chick, 2s 9d to 3s ; New Zealand, milling, only second quality offering, 3s 3d to 3s 6d. Flour, New Zealand, from £8 15s. Oats, 2s 6d; market quiet, there being no disposition to buy. Maize, New Zealand, 2s 7d. Barley, 3s 3d, nominal. Bran, lOd; pollard lOd. Peas, Prussian Blue, 4s to 4s 3d. Potatoes, New Zealand, good samples, £2 10s to £2 15s; Circular Heads, £3 10s : new crop, £5 to £6. Onions, £slos tO £6. Butter, dairy-made, 8d; factory-made, 9d to lOd.

Cheese, sd. Bacon, New Zealand, prime and new, 9d ; hams, Is.

During the past few weeks the railway revenue returns have not been satisfactory. The returns for the last week show a decrease of £21,000 as compared with the corresponding week of the previous year. The Commissioners are instituting strict economy in the working of the railways.

The Customs authorities made an important seizure of a shipment Avhich was supposed to be tea, but which was found on investigation to consist largely of opium and tobacco. Nov, 3. At the wool sales there is brisk competition, Greasy crossbreds are fetching up to B£d; merinos, up to 9£d ; scoured, up to Is 2£d. Melbourne, Nov. 2. No business was transacted yesterday on account of the races.

Wheat, 3s Bd. Flour, atone-made, £7 15s to £3 ss; roller-made, £8 10s to £9 10s. Oats, bright stout, 2s Id to 2s 2d. Nov. 3.

A first dividend of 2s Gd in the £ has been declared by the Mercantile Bank of Australia. Two-thirds of the amount goes to English depositors. The prices realised at the last wool sale are being fully maintained at the present series. American buyers are operating largely. Adelaide, Nov. 2. Wheat, quiet, at 8s 9d. Flour, roller-made, £9 5s to £9 10s. Oats, 3s 4d to 3s Gd. Bran and pollard, B£d. MONETARY AND COMMERCIAL. London, November 1. The New Zealand and Australian Land Company have declared a dividend of 8 per cent, and carried £IO,OOO forward to the reserve fund. Inquiry into the affairs of the Liberator Building Society, shows that it raised money at rates of interest ranging from 15 per cent, to 17 per cent., with which to pay depositors. The assets of the society are fixed at £50,000. A committee have been appointed to make a thorough investigation as to the position of the society. The firm of Messrs Hobbs, contactors, is now in liquidation. They are indebted to the Liberator Building Society for more than £2,000,000. It is expected that the bank rate of discount will shortly advance to 4 per cent.

Nov. 2. Mr Weddell’s party and a number of French War Office officials lunched at Havre upon the Otarama’s beef. They considered the meat and freezing arrangements aboard the Otarama excellent, and the guests all expressed warm admiration. The officials will report to General Delarbre, a member of the Superior Committee of War, Mr Weddell considers the beef in capital condition as far as he has seen. The total quantity of wheat and flour afloat for the United Kingdom is 2,556,000 quarters, and for the Continent 924,000 quarters. The American visible supply of wheat is 78,600,000 bushels. Parts, Nov. 3. The Rothschilds have declined to float the Russian loan, on the ground of the cruel treatment to which the Jewish residents in Russia are subjected. The French regulations being imperative that carcases imported whole and containing lungs should be inspected for traces of pleuro-pneumonia, Mr Weddell has suggested to the authorities that a French official should inspect carcases in Australia in order to avoid difficulties. New York, Nov. 1. Major McKinley declares that the exports for the year are the largest within the history of America, and that the result has thoroughly astonished the critics of the new tariff.