COMMERCIAL.

Temuka Leader, Issue 2535, 29 July 1893, Page 4

COMMERCIAL.

AUSTRALIAN MARKETS,

DUNEDIN STOCK MARKETS,

CHRISTCHURCH STOCK MARKET,

At the Addington Yards on Wednesday there was a good attendance. Fat Sheep—The supply of fat sheep showed a great falling off, when compared with last week’s market, the quality also exhibiting a decline. Half-fat crossbreds were in unusually heavy supply. Merinos, on the other hand, showed a great falling off. All lines of really prime quality came in for an improved inquiry, but other sorts were again dull of sale, numbers failing to reach reserves. Heavy weight crossbred wethers made 17s Gd, 18s 9d, and up to 20s; ewes from 14s Gd to 17s; and merinos from 8s 6d to 13s 6d. Store Sheep—Rather more than 1500 store sheep, mostly hoggets and breeding ewes, were in the pens. Competition was brisk, a line of crossbred ewes close to lambing fetching 17s 3d, and hoggets from 10s to 12s. Fat Cattle—Fat cattle were represented by one of the best entries which has received for some months. Several lines of well grazed steers helped to swell the yarding and improved the quality thereof. The sale opened well, buyers showing firm competition, and nearly every pen was sold at prices which could not but be satisfactory to vendors. Prime beef may be quoted at 23s to 24s 6d per 1001 b, and second-rate from 20s 6d to 225. Bullocks averaged £lO 10s, heifers £7 7s, cows from £6 to £B. Store Cattle—ln store cattle a fair proportion of the entry consisted of young steers and heifers, but they were all wanting in condition. Several head of useful store cows were penned ; the remainder of the entry consisted of odd lots, which were not in great demand. Young cattle came in for a fair amount of attention, prices remaining firm at late quotations. Dairy Cattle—ln dairy cows there was a large entry, including some very good sorts, which sold at from £8 to £l2. Inferior sorts were dull of sale. Pigs—A medium entry came to hand and business was on a par with last week’s,

DUNEDIN PRODUCE MARKETS. The following is 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. Parley—Chevalier, 3s 9d to 4s 3d; dapoj 2* 9d to 3s, for malting qualities. Q a ts Very good enquiry, Good milling and prime feed, 2s Id to 2s 2jd ; long tartarians for seed; bright, 2s 3d to 2s 6d. Hops—ls f.0.b., Nelson. Potatoes—Good derwents, 95s to 100 s (wanted). Kidneys fit for seed, £5 to £6. Pigs—Have inquiry, 4id to 4fd for suitable sizes and quality. Bacon, 6|d; hams, 9d. Chaff has demand, prime, 60s to Css; good, 40s to 50s. Salt Blitter—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, 4|d ; other sorts from 3&d to 4|d, Grass Seeds —Ryegrass, 2s 6d to 3s; machined from 3s 9d to 4s 6d ; cocksfoot, 3£d to 4£d —in good demand. Onions—£lo.

Sheepskins—-A very satisfactory demand continues to be experienced for these, which meet with good competition, At the weekly auction on Tuesday best crossbred green skins fetch 4s 9d to 5s ; choice, 5s 3d to 5s Gd; medium to good, 3s 8d to 4s 8d ; green merinos, 2s Gd to 3s 8d ; country dry crossbreds,inferior to medium, Is 9d to 3s 8d; do merino, Is Gd to 2s Gd; full-woolled crossbreds, good, 3s 9d to 4s lOd ; best do, 5s to Gs lOd; do nioW.no, good, 2s 7d to 3s Gd; best, 3s 7d to 5s 9d; dry pelts, 3d to Is 4d each; Hides —There is no alteration to note in the market of these. Quotations : For heavy hides, 2d to 3d ; extra do, 2fd to 3d; medium, l£d to Ifd; inferior to medium, Id to 3.1 d per lb Tallow—All offered is readily placed at the following quotations:—For best rendered mutton, 21s Gd to 22s Gd; medium to good, 18s Gd to 20s Gd; inferior to medium, 14s Gd to 17s Gd Rough fat: Best clean caul, 14s to 14s Gd ; medium to good, 12a Gd to 13s Gd; inferior to medium, lls to 12s 3d per cwt.

At the Burnside Market on Wednesday the following business was transacted ;. — Fat Cattle smallest number seen at Burnside for a very long time. The quality for the most part was good, although there were no heavy weights in. Best beef brought 25s to 27a Gd per 1001 b j medium, 2Xs to 84a.

Fat Sheep—lßo9 penned, of which 370 were merinos. P.iices must be quoted easier than they were a few weeks ago. Best crossbred wethers brought 17s to 18s ; medium, 14s to 16s. Best merino wethers, 11s to 12s ; medium, 8s to 9a Gd. Pigs—Only GO penned, and the most of these were suckers and slips, and met with but moderate demand ; while the few porkers and baconers to hand sold well. Suckers brought 10s to 13s Gd ; slips, 16s to 18s; stores, 19s Gd to 23s ; porkers, 34s to 40s; baconers, 45s to 50s ; a few extra heavy pigs, 60s to 71s each. Store Cattle The market does not show very much animation, though odd lots are on occasions being placed ; but, as usual at this time of the year, the demand is only to a moderate extent. Young stock could be placed readily, but there are very few offering. Store Sheep—Owing doubtless to the season being now so far advanced and feed beginning to get short, the demand for these has not been quite so keen lately; at the same time sellers are not disposed to quit at any reduction on late prices.

Sydney, July 26. Wheat, chick, 3s 3d; milling, 3s Gd. Oats are quiet but prices firm. Bright heavy feed, 2s lOd ; tartarian seed, 3s. Maize, dull, 3s Gd. Barley, Cape, 3s. Bran, B£d ; pollard, Bjd. Peas, Prussian Blue, 4s Id. Potatoes, New Zealand, £5 10s ; Circular Head, £6 to £6 ss. Onions, £5 ss. Butter, dairy-made, lOd ; factory-made, Is. Cheese, 3£d to 41 Bacon, 4d to Gjd ; hams, colonial, sdto 8d; New Zealand, Is. July 27. The railway and tramway returns for the year show a profit, after paying all expenses, of £1,220,000. Melbourne, July 26. Wheat, 2s 9d to 3s l£d ; milling, 3s. Flour stone-made, £6 5s to £6 15s ; roller-made, £6 17s Gd to £7 7s Gd Oats, Algerian, Is 7£d to 2s; Danish, Is 9d ; short, 2s 5d ; New Zealand, 2s 4d to 2s 4sd. Maize, 3s Id for new ; 3s 3d for old. Barley, quiet, Cape, 2s 2d to 2s 24d. Bran, B£d. Butter, lOd. • Cheese, New 5d to sjd. New Zealand hemp, £l7 to £l9. Adelaide, July 26. Wheat, 3s Ojd. Flour, £7 5s to £7 17s Gd. Oats, 3s 3d to 3s sd. Barley, Cape, 2s 6d to 3s Id. Bran, B£d to 9d; pollard, B£d to 9d. Hobart, July 25. Shareholders in the Bank of Van Diemen’s Land have decided to dispose of the assets of the bank by lottery.

MONETARY AND COMMERCIAL,

London, July 25. Holders of Loan and Mercantile debentures intend to contest Baron Schroder’s claim to priority over the assets. July 26. The Fame and Fortune Goldmining Company of New Zealand has been registered, with a capital of £50,000. The Exchange is depressed by the many failures that have occurred recently, but colonial stocks are not affected. The Deßeers Mining Company have just sold to a syndicate stones of the value of a million sterling. The total quantity of wheat and flour afloat for the United Kingdom is 3,216,000 quarters, and for the Continent 1,588,000 quarters. Bank of New Zealand shares, £5 10s; National Bank of New Zealand, £l. The market is overstocked with New Zealand lamb, and prices generally have declined from £d to £d per lb. Owing to heavy reclamations due on last season’s shipments, prices for colonial butter are considerably below last year’s. The General Credit Company of London has suspended. Washington, July 26. The financial crisis is becoming more acute throughout the United States. Fresh banking failures have taken place in Indianopolis, Milwaukee, and Louisville. New York, July 26. The Herald says trade is being paralysed, as the banks are refusing the best paper. July 27. Owing to the panic stocks have dropped £4O and some £SO. Although the Treasury balance is reduced to 96,500,000 dollars, there is difficulty in getting enough currency in the interior, The dearth of coin is causing failures of banks and firms in the West. The Erie railroad has been placed in a receiver’s hands. This has accentuated the crisis.