COMMERCIAL.

Temuka Leader, Issue 2568, 14 October 1893, Page 3

COMMERCIAL.

CHRISTCHURCH STOCK MARKET. At the Addington Yards on Wednesday there was a large attendance and business on the whole was fairly good. Store Sheep—About 2000 store sheep were yarded, mostly ewes with lambs, and some forward hoggets. Crossbred ewes with lambs brought from 13s to 18b Bd, store ewes from 12s lid to 16s lid, hoggets from 6s lOd to 12s Bd. Fat Sheep—ln fat sheep the entry was about 2000, but there was a considerable proportion of inferior crossbreds aud merinos. Though the sale opened fairly well business was of a dragging nature, and towards the end sales were hard to effect, except at a considerable reduction on late values. Crossbred wethers 15s 9d to 21s 9d, ewes 14s to 17s Id, mixed sexes 16s 3d to 20s 6d, mixed wethers and maiden ewes 16s 9d to 21s, some shorn wethers lis 3d, halfbred wethers 17s to 20s 6d, mixed wethers and maiden ewes 15s Id to 17s lid, merino ewes 7s to 15s, esves 9s 6d.

Fat Cattle—There was a mixed entry of 128 head of fat cattle, the bulk inferior to medium quality. A few nice bullocks from the North Island, topped off in Canterbury, brought £l3 2s 6d to £l4 7s 6d, steers £6 to £8 2s 6d, heifers £6 2s 6d to £9 2s 6d, cows £5 10s to £8 15s. The market was slightly easier for heavy cattle, but some of the lighter sorts must have brought within a shade of 30s per 1001 b. Store Cattle—ln store cattle there was a large entry. Business showed an improved tone, and more changed hands than for some time past. Pigs—A large entry met an easier market, the only kinds which approached late rates being young stores.

AUSTRALIAN MARKETS. Sydney, October 11. Wheat, chick, 3s 3d;; milling, do, 3s 7d. Oats, best feed, 2s B£d; tartariaus, 2s lid to 3s. Maize, 3s Bd. Barley, Cape, 2s lid. Bran, 7£d; pollard, 7Jd. Peas, Prussian Blue, 4s 5d to 4s 6d. Potatoes, New Zealand, £5 16s ; local, do, £5 to £6 ; Circular Head, £5 15s to £6. Onions, £6 15s to £7. Butter, dairy-made, 7d to 8d ; factorymade, 8d to 9d. Cheese, £3 ss. Bacon, 5d to 6£d. Melbourne, October 11. Wheat, 2s lid to 3s. Oats, Algerian, Is lOjd; Tartarians, 2s Id to 2s 3d. Maize, 2s 9£d. Barley, Cape, malting, 5s 3d. Peas, 2s 4d> Potatoes, £5 15s to £6.

A difficulty has arisen between the wool buyers and brokers, necessitating the postponement of the first sale. The brokers demand payment in cash or marked cheques, instead of the ordinary cheques as at present. A conference is to be held at which it is hoped that an amicable settlement will be arrived at. Adelaides, October 11. Wheat, 3s Id. Flour, £7 10s to £7 15s. Bran, 7^d; Pollard, 7id.

MONETARY AND COMMERCIAL. London, O«to* je r 10. Mr Valentine, the recently appointed dairy expert for F ew Zealand, has goue to Ohioago, w^ ere h e believes a market can k ft lound for a large quantity of butter. Mr Valentine expects that Denmark will improve the quality of her butter, fearing Australian rivalry. He thinks that a large market can be found at Hamburg for frozen meat. October 11. It has been decided to hold six series of wool salea in 1894.

Shares in the New Zealand Shipping Company, £3 6s; Shaw, Saville and Company, £6. The quautity of wheat and flour afloat for the United Kingdom is 2,806,000 quarters and for the Continent 948,000 quarters. A cargo of Adelaide wheat ofl' coast sold at 26s 6d.

Victorian butter averages 104 s. The American visible supply of wheat is 74,300,000 bushels.

(Per San Francisco Mail.)

The gathering of the harvest in England was practically finished on September 4th. With scarcely an exception it is the worst known.

The Times in the coarse of a loader on the dismal prospects of tho, agriqulti'Ve of Great Britain saya. that foro'gn competition depresses the price 0? cattle and corn; that the Imports of animals and meat will swamp the markets this year ; that Great Britain will be more than ever dependent on foreign supplies, and will require at least 28,000,QUKJt quarters of wheat from abroad. France must import twice as much aa she usually does. Germany has already begun to draw on tho American markets for her supplies, and when nations thus bid against each other, says the Times article, there is a fair chance for prices to advance.