COMMERCIAL.

Temuka Leader, Issue 2532, 22 July 1893, Page 4

COMMERCIAL.

CHRISTCHURCH STOCK MARKET. At the Addington Yards on Wednesday the largest entry of sheep which has been yarded for some time was on oiler. Store Sheep—Nearly 3000 of a mixed description occupied the store pens, the only sorts claiming attention being crossbred ewes close to lambing. Fat Sheep—The fat pens were filled with between 6000 and 7000 sheep, the quality, on the whole, being better than of late. Buyers for export were disinclined to do business, and a rather dragging sale resulted in a slight drop in values. Fat Lambs—The first lambs of the season were a feature of the market, and came in for a good deal of attention. They sold at from 13s to 15s. Fat Cattle—About 160 head of fat cattle came forward for the week’s supply, the bulk of which was composed of heifers and second quality beef. One or two lines of nice ripe steers were eagerly competed for, and sold at prices equal to 25s per 1001 b, the average price of beef being about 22s 6d per 1001 b. A line of big-framed Polled Angus were sold privately for finishing off, and should bring good prices when next they make their appearance. Store Cattle, &c.—The entry of store cattle comprised about 70 head, most of which were youg stock, which sold well, the improvement noticeable last week being well maintained. Dairy cows were well represented, and a fair amount of business was done. Pigs—A large entry of pigs, consisting mostly of porkers and stores, met a lifeless sale, and prices suffered considerably, the only enquiry being for prime bacouers. DUNEDIN PRODUCE MARKETS. The i s the report for the week ending Wednesday : Wheat For good lines of tuscan and velvet there is fair demand. Prime quality saleable at 2s 9d to 3s Id; medium, 2s 4d to 2s 8d ; fowls’ wheat, good whole grain, 2s 4d to 2s 6d—in good demand ; medium, Is lid to 2s Id. Barley—Chevalier, 3s 9d to 4s 3d; Cape, 2s 9d to 3s, for malting qualities. Oats—Very good enquiry and aie easily placed. Good milling and prime feed, 2s Id to 2s 2£d ; long tartarians for seed ; bright, 2s 3d to 2s 6d. Hops —Is f.0.b., Nelson. Potatoes —Good derwents, 95s to 100 s (wanted). Kidneys fit for seed, £5 to £(i. Pigs —Have inquiry, 4£d to for suitable sizes and quality. Bacon, 6|d; hams, 9d. Chaff has demand, prime, 60s; good, 40s to 50s, Salt Butter—Demand quiet, 7|d, packages extra ; prime quality only wanted. Cheese —ln better demand, Akaroa (large), 4£d to 4£d ; factory, 4id to sd. Honey—Extracted, 561 b tins, 4jd ; other sorts from 3id to 4|d. Grass Seeds Ryegrass, 2s to 3s ; machined from 3s 9d to 4s 6d ; cocksfoot, 3£d to 4£d —in good demand. Onions—None in the market. Sheepskins—At the weekly sale held on Tuesday, butchers selected green crossbreds brought 4s lOd, sa, to 6s 3d; extra heavy to 5s 6d ; average lines, 4s 3d, 4s 6d, to 4s 8d ; light to medium, 3s 9d to 4s ; merinos (green), 2s 3d to 3s 9d; dry skins, proportionate rates, inferior pelts bringing from 9d to Is 3d ; early shorn, well saved crossbreds to 6s. Prices slightly advanced. Hides —Those continue to meet with a demand at unaltered rates, which may be quoted as under : —Prime heavy ox, 2;)d to 3d per lb; average weights and best cows, 2d to 2id; medium, Ifd; inferior, l£d to l;|d. Tallow —The various lots offering are very readily placed, and the general tone of the market may bo considered satisfactory. Prime rendered mutton is worth 21s to 225, extra prime a shade over ; medium to good, 18s to 20s; inferior, 14s to 16s 6d ; fresh unrendered caul fat, 14s to 14s Od; medium to good, 12s 6d to 13s Od ; inferior, 11s to 13s.

DUNEDIN STOCK MARKETS. At the Burnside Market on Wednesday the following business was transacted : Fat Cattle—ll 7 head of cattle only penned, chiefly bullocks, and these, for the most part, wore good to prime quality. Anything which could be considered beef sold at exceptionally high rates, though severit] lines which wore not up to trade requirements regards condition brought prices which compared unfavorably with the better classes. Prime bullocks sold at £lO to £11; extra prime to £ll 15s; medium, £8 5s to £8 15s ; light and partially grazed lots, £6 5s to £7 10s ; best cows and heifers, £7 10s to 2s Od ; medium, £6 10s to £7 ss; light, £4 lbs to £O. Anything below those rates could not be termed beef. Fat Sheep—2649 penned, of which 959 were merinos. In the various lots of prime crossbreds the decline in values from last week was but slight, but in other descriptions the difference was plainly noticeable, representing quite Is

per head drop. With merinos the market was over supplied. Graziers purchased several lines, still for any but the best lots prices were low and disappointing. Prime crossbred wethers brought 16s 3d to 17s 6d, a few extra heavy to 18s 6d; average weights, 15s Cd to IGs ; light, 14s Gd to 15s ; heavy weight ewes, 15s to 15s 9d ; others, 11s to 13s; merino wethers, 5s 3d to 13s. Pigs—Suckers brought 7s to 13s, slips, 15s to 17s Gd; porkers, 22s to 325; bacon ers, which were in demand, 35s to 675. Store Cattle—At the present time there is a good demand for three and four-year-old bullocks and heifers, if in forward condition. Lines of young cattle are also selling at comparatively high rates. There can be no doubt but that the inducement for raising cattle are much more encouraging at the present than they have been for some years past. Store Sheep—There has been rather more inquiry for store sheep during the past week. Crossbred wethers still have the preference with buyers, but as sheep of this description are scarce, lines of wellgrown hoggets are being freely purchased as a substitute.

AUSTRALIAN MARKETS. Sydney, July 19. Wheat, chick, 3a 3d; milling, 3s 6d nominal. j Flour, New Zealand, up to £B. Oats, firm, fair feeding, 2s 8d ; bright heavy feeding, 2s lOd; tartarian for seed, 3s. Maize, is dull ; prime, 3s 6d to 3s 7d. Barley, Cape, 3s. Bran, B|d ; pollard, B^d. Peas, Prussian Blue, 4s 2d. Potatoes, local, £5 5s ; Circular Head, £6, firm. Onions, Victorian, £5 ss. Butter, dairy-made, first quality, lid to Is; factory-made, best quality, Is 3d. Cheese, prime, 4Jd. Bacon, fid to Bd. Melbourne, July 19. Wheat is in moderate demand at 3s, Flour is steady; stone-made, £6 5s to £6l2s fid; roller-made, £7 ss. Oats, Algerian, Is lOd to 2a Id; Tartarian, 2s 2£d ; prime stout, 2s 4d, Maize, 3s 3d. Barley, thin English, 3s. Adelaide, July 19. Wheat is quiet at 3s. Flour, roller-made, £7 15s to £B, Oats, 3s 3d to 3s 4d. Barley, Cape, 2s fid to 3s Id. Bran, Bjd; pollard, B£d. MONETARY AND COMMERCIAL. London, July 19. The Standard says that there is great depression, owing to the bankers forcing brokers to increase the margins on advances, or sell their paper. The journal thinks it probable that disastrous failures will be the result. Wool is firm and competition is spirited. The total quantity of wheat and flour afloat for the United Kingdom is 3,334,000 quarters, and for the Continent 1,580,000 quarters. For a cargo of Victorian wheat, 28s 9d is offered. Twelve thousand quarters of Victorian wheat, March shipment, have been sold at 295. Butter experts warn English producers that they may expect keener competition from the Danes both as regards the quality and price of the article. The Btock Exchanges of New York and London are very much excited. Washington, July 18. Three more American banks have failed with liabilities amounting to 1,500,000 dollars. July 19, There is acute panic in Denver City, Colorado. The Union National Bank, with a capital of 1,000,000 dollars, has suspended. The Commercial National, and National Bank of Commerce, at Denver, have also failed, and runs are proceeding on several others. Twelve banks in Kansas and Colorado failed yesterday. Auckland, July 19. Mr Henry Goulstone, a creditor, has given notice to move under the Companies Act, 1882, on petition of creditors, that the New Zealand Loan and Mercantile Agency Company be wound up under section 270 of the Act.