COMMERCIAL.

Temuka Leader, Issue 2440, 20 December 1892, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE. The following is the Corn Exchange report (per F, Denham, Secretary), for the week ending December 17th : Taking all the reports we have from the farming districts together the season up to the present gives au indication of a bountiful harvest, and if the farmers get anything like fine weather for getting it in they may (in spite of low prices) congratulate themselves that they are on this side of the globe and not sharing with those in kindred pursuits in the United Kingdom. The Times, in an article, sums up as follows :—“ It has been, both for agricultural and pastoral farming, the worst year known in Great Britain.” Potatoes —The season is dead and gone, and like Jay Gould it was a friend to no one and ruin to many ; still peace to its ashes. The quantity under crop is much less for next year and we have already had speculative enquiries for forward delivery. This looks well. No more 10a potatoes we think. Quotations are as follows : Wheat —Prime milling, 3s ; whole fowl, 2s 2d, Oats—Feed, Is 7d to Is 9cl; milling, Is lOd to Is 10|d. Potatoes—-22s 6d, f.o.b. Flour—Roller, £9. Bran—sss. Pollard —6O s. Butter and Cheese — Altered. The above prices are those paid to farmers for delivery, f.0.b., Lyttelton, sacks extra, excepting potatoes.

DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday : Wheat—Prime milling sorts, 3s to 3s 4d; second quality from 2s 9d to 3s ; fowls’ wheat, good whole, 2s to 2s 3d; medium and broken, Is 6d to Is 9d. Barley—Good malting, nominally, 3s 9d; milling, 2s to 2s 6d ; feed, Is 9d to 2s. Oats —Prime milling, and good, short, bright feed, Is 8d to Is lOd; medium qualities, Is 6d to Is 7d. Rye Corn—2s 9d. Linseed—£l4 per ton. Potatoes—lf good quality, 22s 6d to 255; good old potatoes, 30s to 35s per ton, with a limited demand. New kidneys, £9 per ton. Onions—Best Melbourne £8; new onions, £l2. Pigs—Prime quality, suitable sizes. 3Jd to Hams 7d to 8d ; roll bacon, 6d ; side bacon, s^d. Chaff—Well cut and clean heavy quality, 52s 6d ; other sorts from 40s to 50s. Salt butter in demand for shipping ; prime quality only wanted, 8d per ib. Lard—sd. Beeswax, Is to Is Id per lb. Honey, 4d for best. Cheese—Factory, 5d ; Akaroa, 3|d to 4|d, large size. Grass Seeds—Ryegrass, farmers’, 2s to 3s ; machined, 3s 3d to 4s. Sheepskins—At auction on Tuesday late rates were fully maintained. Dry crossbreds, inferior to medium, brought Is 9d to 3a 2d ; inferior to medium merinos, Is 8d 3s 2d; full-woolled crossbreds, 4s 3d to 6s lOd; do do merino 3a 4d to 5s lid ; dry pelts, 3d to Is 7d; butchers’ green crossbreds—best 5s 7d to 6s, medium to good 4s to 5s 6d ; shorn crossbred pelts, lOd to Is 4d; green raeoinoa, in the wool-—best 3s lid to ss, light 3s 2d to 3s lOd; lambskins, is 4d to Is lid each.

Hides—There is a good demand existing for all coming to market at late rates, at which all to hand during the week were disposed of.

Tallow—There is no alteration to note in the position of the market, which continues firm at late quotations—say, for best rendered mutton, 19s to 20s 6d; medium to good, 16s to 18s 6d ; inferior to medium, 13s 6d to 15s 6d ; rough fat—best mutton caul 12a 9d to 13s 6d, inferior to medium and good 9s 6d to 12s fid per cwt.

MONETARY AND COMMERCIAL,

London, December lu

The city bankers consider the Victorian Government ought to have taken power for a general conversion of stocks, and they would then have been freer to take advantage of the first opportunity. The wool sales closed fairly spirited. The Continent has taken 135,000 bales, America 5000, and Great Britain 70,000. The number of bales withdrawn is 7000. Compared with the previous sales merino scoured wools are id to Id dearer ; greasy good combing fully id dearer; greasy short faulty sorts are par to a Jd dearer ; lambs’ wool id dearer; crossbreds, fine scoured wool, id lower than last sales. All other WX'ts M dearer. Dec. 16.

In the case Ellis V, the South British Insurance Company, tll6 appeal was allowed with costs.

Three months’ bills are discounted at 1J per cent. New Zealand 4 per cent, inscribed "took, 105 i ; 34 do 96i. New Zealand long berried wheat, ex warehouse, 325, restricted. Mutton, Canterbury, 41-10 d ; Wellington, 3jd; beef, fore-quarters, 3d, hindquarters, 4d. The market is glutted with cheap frozen meats of all kinds. Nelson Bros, are holding back a consignment by the R.M.S. Massilia, from Melbourne, for a better market. The consignees of the Otarama’s damaged meat are claiming about 35 per cent, from the underwriters.

The hemp market is dull. Ten bales of New Zealand, barely fair, sold at £24 ss. There is a large supply of kauri gum in the marker, and competition is active. Fine pale hard scraped is bringing £8 10s; and old half-scraped £3 15s ; fine class £4 4a.

The Bimutaka’s butter brought 00a to UGs, and a few of the best packages 120 s,