COMMERCIAL.

Temuka Leader, Issue 2566, 10 October 1893, Page 4

COMMERCIAL.

AUCTIONEERS’ REPORT,

The Canterbury Farmers’ Co-operative Association, Limited (per Mr J. Mundell, auctioneer), report on the horse market at Tattersall’s on Saturday as follows : The entry was small, but the demand was good for all useful sorts of draught or light harness horses, and several buyers were unable to get their wants supplied. Seventeen head were passed under the hammer, and the following prices were realised during the sale: —Draughts, young, sound, and staunch, £lB 10s, £2O, £23, to £24 10s; do, light and aged, £8 to £ll 10s; light harness sorts, £9, £lO, to £l3 os; hackneys, no sale to report, TIMARU MARKETS. The Canterbury Farmers’ Association, Limited, report as follows for the week ending Friday, October 6th, 1893 : Wheat—The unfavourable news contained in th 3 last cable from Loudon is disappointing when holders were expecting a gradual improvement. Fowl wheat is in good request. Velvet, 2s 6Jd to 2s 7£d; tuscan, 2s s£d to 2s 6jd; red chaff, 2s 4d to 2s sd, on trucks, Tirnaru.

Oats—A moderate demand exists for short and long feed, for coastal shipment. Milling, 2s to 2s Id ; short feed, Is lid; danish, Is 9d to Is lid, f.o.b.

Potatoes —Stocks iu this district are practically exhausted, and retailers find difficulty in supplying local requirements. Nominal, 70s to 765.

CHRISTCHURCH STOCK MARKET. At the Addington Yards on Wednesday the entries in all classes, except fat cattle, were good, and business was fairly active. Store Sheep—About 2000 store sheep, mostly ewes with lambs and hoggets, were penned. There was a decided improvement in the demand. Ewes and lambs brought from 14s 6d to 22s 3d, hoggets lls 3d to 14s lOd.

Fat Sheep There was an entry of about 5000 fat sheep, a considerable portion of them merinos. Some large lines of good crossbred wethers were included in the entry, and business assumed a healthy tone, although values were, if anything, a little easier than last week. Shorn sheep were seen in the yards for the first time this season. A lino of grand crossbred wethers realised from 16s lOd to 21s 6d, ewes lls 6d to 19s lOd, maiden ewes 16s lid to 19s Id, mixed sexes 16s 3d to 20s Bd, halfbred wethers 14s 8d to 22s 6d, mixed sexes 16s to 18s 6d, mixed wethers and maiden ewes lls 6d to 19s, merino wethers 9s to 15s Id, ewes 10s lid to 1.25. Fat Laml'B—About 300 fat lambs sola at from 7s to 15s. Fat Cattle—Only 63 h?ad of fat cattle were yarded. The quality was poor, the entry being composed almost entirely of second quality cows and heifers. The only steer in brought £6 12s 6d, cows from £6 5a to £9 15s, and heifers £6 5s to £7 14s. The short supply caused keen competition, and prices showed a farther advance.

Store Cattle There was a medium entry of store cattle, among which were some good young stock, but buyers were scarce, and very little business was done. Pigs—A fair entry of pigs came to hand, all classes being well represented. Baconers and porkers were slightly easier, but young stores were eagerly sought after. Baconers brought 24s to 51s, porkers 17s to 24s 6d, stores lls to 19s.

DUNEDIN PRODUCE MARKETS,

The following is the report for the week ending Wednesday : Wheat—Prime quality saleable at 2s 9d to 3s; medium, 2s 4d to 2s Bd. Fowls’ wheat, good whole grain, 2s 7d to 2s 8d —in good demand. Millers are not anxious to operate. Prices are keeping low.

Bariey Chevalier, 3s 9d to 4s; Cape, 2s 9d for malting qualities. Oats—Good milling and prime feed, 2s Id ; long tartarians for seed: bright, 2s 3d to 2s 4d ; danish, 2s. Hops—ls f.0.b., Nelson. Potatoes—Prices range from £4los to £5 2s 6d.

Pigs Have inquiry, 4d to 4Jd for suitable sizes and quality. Bacon, 6|d ; hams, 9d. Chaff has demand, prime £3 10s to £3 15s; good, 40s to 565. Salt Butter—Demand quiet, 71rd, packages ex*> 1 J™ huahty only wanted. Cheese-in better demand Akaroa (large), 4|d to 4jd ; .

Honey—From 3jd to ~ Roller flour, £7 10s; stone flour, <*. * ' >S Bran—£2 ss. Pollard, £3. Oatmeal—£lo 10s.

Pearl barley, £2O. Grass Seeds—Ryegrass, 2s 6d to 3s; machined from 3s 9d to 4s Gd (demand improving); cocksfoot, 3Jd to 5d (in good demand).

Sheepskins—The demand for these continues fairly satisfactory considering the position of the wool market. At auction on Tuesday best green crossbreds brought 4s lid to 5a 3d—extra heavy a shade more ; medium to good 3s lOd to 4s lOd ; green merino, 2s 9d to 3s 9d ; country dry crossbreds, inferior to medium, Is 9d to 3s 3d ; do do merino, Is 6d to 2s 2d ; fullwoolled crossbreds —good, 3s 4d to 4s 6d; best, 4s 9d to 5s 9d ; extra heavy, 6s to 6s 7d ; full-woolled merinos—good, 2s 3d to 3s 3d; best, 3s 4d to 4s lOd; dry pelts, 2d to Is 5d each. Hides—The market is steady at about late quotations —say, for heavy salted hides, 2d to 2Jd ; extra heavy, clean and otherwise in good condition, 2Jd to 3d; medium, IJd to IJd ; inferior, Id to IJd per lb. Tallow—A very strong demand exists for all coming forward. For bestrendered mutton, £2l 10s to £22 10s; medium, £lB 10s to £2O 10s ; inferior, £l4 10s to £l7 10s. Pat, best caul, £l4 to £l4 10s; medium to good, £l2 10s to £l3 15s ; inferior to medium, £ll to £l2 5s per ton (ex store).

DUNEDIN STOCK MARKETS. At the Burnside Market on Wednesday the following business was transacted : Fat Cattle—llo head yarded, nearly all were prime to good and useful quality. There was brisk demand all through the sale and last week’s prices were fully maintained. Best bullocks sold at £lO 5s to £l2 12a Gd ; medium, £7 15s to £9 15s ; light, £5 17s 6d to £7 ss; cows and heifers, £5 5s to £9 10s. I Fat Sheep—Only 821 penned, about 70 of which were merinos. There was a brisk demand. Prices, however, did not show much advance on last week’s rates. Best crossbred wethers sold at 18s 6d to 20s; medium, 15s 6d t01.759d ; light, 13s to 14s 9d ; crossbred ewes, 15s 9d to 19s ; merino wethers, lls to 12s 3d. Fat Lambs—Only 6 penned, good quality, but not heavy. These were briskly competed for and brought lls 3d to 12a Gd.

Pigs—l4l yarded. For all descriptions there was a fair demand. Suckers sold at 12s to 13s; slips, 14s to 15s; stores, 19s to 25s ; porkers, 26s to 325; baconers, 34s to 465; extra heavy, up to 80s. Store Cattle—The supply still continues short of requirements, and the few offering do not fail to meet with buyers willing to do business at prices relatively higher than those now ruling for fat stock.

Store Sheep— The market is comparatively quiet. Prices lately have been more in favor of buyers, but with more genial weather prevailing and a bigger show of grass, a brisker demand will no doubt be experienced.

WOOL SALES. The New Zealand Laud Association have received the following cablegram from their London office, dated October 4:—“Wool: Since the opening of the sales greasy and scoured merino (medium and inferior), fine, medium and coarse scoured and coarse greasy fleece are par to Jd per lb higher; fine and medium grpasy fleece are Jd per lb higher. Other descriptions unchanged. The total quantity catalogued to date is 137,000 bales.” MONETARY AND COMMERCIAL.

London, October 5,

Tendeis for the New South Wales loan of £2,500,000 at 4 per ceut. were opened to-day, when it was found to be subscribed twofold, at £IOO 10s. The total amount tendered was £6,500,000. A syndicate tendered for the whole amount at £IOO 9s. The average; was £IOO lls to £IOO lls6d. Western Australia has decided to issue on the market the unalloted balance of the last loan. The colony’s bankers have been guided in this course by the reception of the New South Wales loan.

The annual meeting of shareholders of the New Zealand Shipping Company will be held on the 11th iust. After providing for two years’ depreciation, amounting to £68,000, the profit and loss account shows a profit of £14,800. A dividend of 3 per cent, is recommended by the directors. The proceedings at the half-yearly meeting of the Bank of Australasia were of an enthusiastic nature. The chairman congratulated the shareholders on the fact that the available assets amounted to 40 per cent, of deposit liabilities.

October 6. New Zealand 4 per cent inscribed stock, The hemp market is lifeless, and no New Zealand is sold.

New Zealand frozen mutton, first quality, 3sd per lb; second quality, 3Jd; lamb, first quality, d.

Beef—None iu the market,

Kauri gum is firm. Only one-third of the quantity offered was sold, as sellers are holding on. Sales are—hard-scraped, £7 7s 6d; three-quarter scraped, 84s to 87s 6d; good picking, 42s to 48s. New Zealand long-berried wheat, exwarehouse, quiet at 29a 6d ; South Australian wheat, ex warehouse, quiet at 30s 6d. One cargo sold at 28s Victorian wheat, ex warehouse, is also quiet at 30s, One cargo sold at 28s 3d. The wool market is fairly brisk. Prices remain unchanged. Many bales have been withdrawn. October 7. The wool sales have closed ; 185,000 bales were sold, and 35 000 held over. Prices as compared with the July sales were: —Merino greasy, good average quality, from par to id per lb dearer ; superior £d, and inferior |d lower; crossbreds, good greasy £d, and scoured from par to £d dearer. Paris, Oct. 5. The French wine crop is estimated at 36,000,000 hectolitres. Sydney, Oct. 6.

The Governor-in-Conucil has approved of the fourth issue of funded stock to the extent of £600,000, and the price is fixed at par. Melbourne, Oct. 7.

The reconstruction scheme of the Federal Building Society has been rejected. The society, therefore, continues to liquidate. ,

Export op Dairy Produce. — The Departure nt of Agriculture has issued a circular to dairy factories stating that the branding clauses of the Act are to be strictly enforced, and if they intend exporting dairy produce a trade mark must be registered.