COMMERCIAL.

Temuka Leader, Issue 2685, 14 July 1894, Page 4

COMMERCIAL.

CHRISTCHURCH MARKETS. The New Zealand Farmers’ Co-opera-tive Association of Canterbury, Limited, report for the week ending July 13th, 1894, as follows: A brisk business has been passing in the leading lines of grain and produce during the past week. Wheat of all descriptions shows an improved tone, and pearl and tuscan mark a decided advance. Oats of prime quality have been taken freely for Home shipment, and coastwise orders for feeding sorts have been larger than for some time past. Beans are sluggish, and buyers will not exceed quotations. Blue peas of good quality are enquired for. Ryegrass and cocksfoot are moving off freely, and prices tend upwards. Clovers show more animation, and prices for well-cleaned parcels are firmer. Potatoes have been offering freely, and in absence of usual outlets the market is against sellers. Dairy produce is again dearer. Bacon and hams firm. Cheese—Stocks are being rapidly depleted. Present quotations f.o.b. Lyttelton, sacks extra: — Wheat New crop, pearl or velvet, 2s 7d;. tuscan, 2s 6d to 2s 7d; hunters, 2s 6d; old, 2d per bushel extra. Oats—Milling Canadians, Is 7d to Is 8d ; short feed and duns, Is 6d to Is 7d ; danish, Is sd, Barley—Prime malting, 3s 8d to 4s; medium, 3s to 3s 6d; inferior, 2s to 2s Bd. Blue Peas—2s 6d to 2s 9d; partridge, 2s 6d. Beans, 2s 4d. Potatoes —22s fid at country stations; kidneys, 60s. Ryegrass —Old pasture machine-dressed, 4s fid; ordinary, 3s 9d to 4s; farmers’ samples, 2s fid to 3s. Cocksfoot—Machine-dressed, fid to s|d; ordinary, 3jd to 4£d. Bed Clover and Oowgrass—s£d to fid. Cheese —Large, 4d; loaf, 4|d. Butter—Prime fresh, lid; salt, Bd. Bacon and Hams—Bd. Oaten Sheaf Chaff—6os, f.0.b., sacks included. CHRISTCHURCH STOCK MARKET. At the Addington Yards on Wednesday the entries in all classes were small, and the paucity of supply caused business to assume a brisk tone. Fat Cattle—About 50 head of fat cattle, a small entry, came under the hammer. There was keen competition, prices remaining at quite last week’s level. Best bullocks brought £l2 10s to £l3 ss, steers £6 15s to £B, heifers £5 to £8 15s, cows £6 5s to £8 7s fid. Dairy Cattle—The dairy cattle were a poor lot, and little business was done. There were virtually no stores in. Fat Sheep—There was a medium entry of fat sheep, including some good lines of freezers. Prices for all sorts were firm at last week’s quotations, and in some cases a slight rise was noticeable. Crossbred prime heavy weights fetched 17s fid to 20s, freezing quality 15s fid to 16s 9d, secondary sort* 12s fid to 14s fid, best crossbred ewes 14s to iSa secondary 8s fid to 12s fid, best merino we’thers 9a fid to 10a fid, secondary 5s fid to 7s, merino ewes 5s to 8s fid. Store Sheep—There was a small entry of stores, made of 2-tooth crossbreds and hoggets, which were taken at an advance on°Tate rates. Mixed 2-tooth crossbreds brought 9s to 12s, hoggets 8s 9d, mixed 2tooths 11s 5d to 11s 9d. piga—There was a fair entry, and prices were unchanged. DUNEDIN PRODUCE MARKETS. The following is the report for the week ending Wednesday : Wheat-Prime velvets (specially wanted), 2slid; tuscan and red chaff (if prime), same price. Second-class wheat, 2s fid to 2s 7d. Good whole chick wheat is scarce and wanted at from 2s 4d to 2s sd. Prime quality is inquired after. Soft and second-class sorts are neglected. Oats —Little shipping doing, and values are keeping low. Prime milling and plump feed. Is fid ; ordinary feed, Is 4d to Is sd; seed varieties, Is 7d —net, sacks extra. Barley—The demand is not heavy. Prime malting, 3s fid to 3s 8d; pearling, 2s 9d to 3s ; feed, from 2s to 2s 3d. Hops—Demand not active, 9d to 10d. Kyecoru No demand (nomirally) 2s fid to 2s 9d. Pearl barley—£l6. Oa + meal—£8 10s. Flour—Roller, £7 to £7 ss; stone, £6 10s. Bran—£2 ss. Pollard, £3 10s. Potatoes Market fully supplied, £2 2s fid to £2 7 s fid; kidneys have enquiry, £3 to £3 5s as per quality. Chaff—The demand is good fop best quality at £2 32s fid to £2 17s fid; ordinary, 35s to 455. Clover and Ryegrass Hay—(Pressed lewt bales), £2 ss, Onions —£13. Linseed —£10 to £l2. Pigs —Prime bacon ;sizes, 4d; others, 3d to S%d. Salt Batter—7d to 7id (nominally, no demand) ; fresh, fair supply, ]£gg a —More plentiful and falling. Bacon—Rolls, fid to 6|d; hams, Bd. Cheese—Factory, 4|d to sd; Aksroa, 4d to 4£d. Honey—Prime extracted, to 4Jd ; other quality, 3£d. Ryegrass—Machine-dressed, 3s 9d to 4s 3d; farmers’ lots, 2s 3d to 2s 9d, Cocksfoot- —4d to f.o.b., Lyttelton, Light cocksfoot for surface sowing, IJdj *helled fog, lid. Sheepskins—At auction on Tuesday dry skins, inferior to medium crossbred, brought Is fid to 2s fid ; do do merino, Is 3d to Is 9d ; medium to good crossbreds, 2s 9d to 3s 9d ; extra heavy, 4s to 5s fid; ;;ood to best merinos, 2s to 3a; extra heavy, 3s 3d to 3s lOd ; dry pelts, Id to la 2d ; best green crossbred skins, 3s 9d to 4s 3d ; extra heavy, 4s fid ; medium to goad, 3s 3d to 3s 8d; green merinos, Is fid to 2s 9d. Hides —Market unchanged. Tallow meets with a fair demand, and late values are maintained. Quotations : Beat rendered mutton, lit for export, 18a fid to 20s ; medium to good, Ifis to 18s; inferior to medium, 13s to 15s fid (broken packages do not command the above prices) ; best caul-fat, 13s to 13s fid ; medium to good, 12s to 12s 9d ; inferior to medium, 10s to 11s 9d per cwt (ox store). DUNEDIN STOCK MARKETS. | At the Burnside Market on Wednesday ! the following business was transacted ; ! Fat Cattle — Only 118 head yarded, and ' us most of the butchers’ stocks had run

pretty well out there was a distinct advance in values established, say, from 10s to 15s per head. Prime bullocks brought from £9 to £ll ss; ordinary do, £7 to £8 10s; small do, £6 to £6 16s; prime cows from £7 to £8; ordinary do, from £5 to £6 12a fid; aged and inferior, from £3 to £4 15s. Fat Sheep—2lss penned, say about one-third of the number crossbred wethers of prime quality fit for export, the remaining two-thirds being crossbred wethers and ewes of medium quality, a few pens of extra prime crossbred ewes, and about 150 merino wethers. Sheep suitable for export realised fair values considering the present state of the London market, and so did any other pens of really prime sheep, whether crossbred ewes or merino wethers. Half and three-parts fat sheep; on the other hand, were difficult to place. Prime crossbred wethers brought from 14a to 15s 3d; ordinary do, 12s to 13s fid i light do, 10s to lls fid; extra prime crossbred ewes, from 12a to 14s; one pen extra heavy, 15s; ordinary crossbred ewes from 8s fid to 10s fid; inferior, 6s to 7s. Merino wethers realised 7s to lls. Pigs Only 23 forward, consisting chiefly of suckers. These sold at from 10s to 14s fid. Store pigs would have sold readily. AUSTRALIAN MARKETS. Sydney, July 11. Wheat, chick, 2s 8d to 2s 9d; milling, 3s 4d. Flour, roller-made, £7 6s to £7 10a. Oats, prime feeding, 2a 2d to 2a 3d; seed, 2b 4d to 2s sd. Maize, prime, 2a fid. Barley, Cape, 3a to 3s 3d. Bran, 7£d; pollard, 7d. Peas, Prussian blue, 3s. Potatoes, locally grown, £2 16s to £3; Circular Head, £2 16s to £2 17s fid. Onions, £lO 10a. Butter, dairy-made, 9d to lid; factorymade, lid to Is, firm. Cheese, prime, 3id to 4d. Bacon, prime cured, fid. July 12. An experimental shipment of live bullocks to London is about to be made, the first consignment leaving by the Maori King. Melbourne, July 11. Wheat, 2s 3|d. Oats are in good demand; Algerian milling, Is 7£d to Is 8d; prime stout, Is lOjd. Barley, Cape, 2s 4d; malting, 4s 3d to ss. Bran, pollard, 7sd. Potatoes, £2 12s fid to £2 17s fid. Adelaide, July 11. Wheat is dull at 2s 2jd. Flour, roller-made, £5 15s. Bran, 7d; pollard, 7jd. MONETARY AND COMMERCIAL. London,. July 10. The opinion prevails in the city that the Bank of New Zealand would have a better chance of success if it issued stock instead of shares. The Bank of New Zealand directors suggest that they should be allowed to issue £IOO stock instead of shares. The chairman (Mr Glyn) says that the action of the Government has strengthened the position of the bank in England. The Union Bank of Australia declares a dividend of 6 per cent, and carries forward £15,000. The Bank of New Zealand issue is at 101*. The underwriting of the Bank of New Zealand is completed. Provision is made for the issue of stock instead of shores. At the annual meeting of shareholders of the National Bank the report declaring a dividend of 5 per cent, and carrying forward £15,000 was adopted. Mr Macandrew (the chairman) said that the profits during the year had been fair. Advances showed a decrease of £IOO,OOO, and the lessened liability on deposits and current accounts amounted to £170,000. July 11. Lord Onslow’s committee upon the marking of foreign and colonial produce advises a further trial of the Merchandise Marks Act before fresh legislation is introduced. It also suggests the continuance of inquiry into the question of marking. The Times says that the success of the Bank of New Zealand issue of shares is assured. The total quantity of wheat and flour afloat fop the United Kingdom is 3,150,000 quarters, and for the Continent 1,210,000 quarters. The American visible supply of wheat is 64,300,000 bushels. A Victorian cargo of wheat sold at 23s 9d. The New Zealand Trust and Loan Company’s 5 per cent, debentures are at 24, and the Australian and New Zealand Mortgage Company’s 4J per cent. 88*. At the wool auctions all sorts are very firm. The “ Karetu ” clip brought 7f d. «Starboro,” New Zealand crossbred, brought 9|d, “ Limestone Ridge ” Bjd. Messrs Weddell and Brucs visit Prris and Antwerp to arrange for the introduction of the colonies’ frozen meat. July 12. The Times estimates that the British yield will be 101.8 pet cent, on the average but that the area under cultivation has decreased l/10th. Ottawa, July 11. A Bill providing for the ratification of the Franco-Canadian commercial treaty has been read a second time.