COMMERCIAL.

Temuka Leader, Issue 2725, 16 October 1894, 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 : Our entry comprised 32 bead, the majority being heavy draughts. The attendance during the sale was good, but bidding was languid and sales hard to effect. Our quotations for the day’s business are :—Draughts, young with trial, £l6 10s, £l7, to £2O; do light and aged, £7 10s, £B, to £9; light harness sorts, £8 15s to £l2 10s; hackneys, £slos to £9los.

TIMARU MARKETS,

The Canterbury Farmers’ Co-operative Association, Limited, report as follows for week ending Friday, October 12tb, 1894: — Since our last report business has been almost at a standstill. Wheat there is very little sale for, except at the prices below, which owners do not care to accept. The same remarks apply to oats. Quotations are as follow : Wheat —Velvet and tuscan; prime (old crop) 2s 4d to 2s sd, red chaff 2s 4d; velvet and tuscau (new crop) 2s 3d to 2s 4d, red chaff 2s 3d, on trucks, Timaru; fowl wheat 2s 3d; sacks 4£d. Oats—Prime milling Canadians lssd to Is 6d; short feed, Is 4d to Is sd, danish Is 2 Jd to Is 3Jd, f.0.b.; good Is 4d, tartars, no sale, about Is 5d to Is 7d, f.o.b. Barley Chevalier, dressed for seed, 3s 6d to 3s 9d. Potatoes —22s 6d, f.0.b., sacks in; very quiet. CHRISTCHURCH MARKETS.

The New Zealand Farmers’ Co-opera-tive Association of Canterbury, Limited, report for the week ending October 12th, 1894, as follow : A fair volume of business has been passing in grain and produce during the week. Wheat continues to movee freely coastwise, chiefly in execution of contracts made some time back. Buyers are again entering the market, and with firmer Australian markets, sellers are not disposed to break recent quotations. Oats, with the exception of prime milling, have only restricted enquiry, andquotations are principally affected by local business. Beans and Peas are being dealt with chiefly by shipments on owners’ accounts. Ryegrass and Cockcfoot are practically over for spring sowings, and stocks remaining are nominal. Clover Seed is steady at last quotations. Potatoes are lifeless and from present indications many pits will remain unopened. Dairy Produce is in full supply. Present quotations, f.0.b., Lyttelton, sacks extra : Wheat —Prime milling, pearl, velvet, andtuscan, 2s 8d to 2s 9d; hunters,2s 7d to 2s 8d; second class, Id to 2d per bushel less. Oats—Seed or milling Canadians, 1 s 8d; short feed, Is 6d to Is 7d ; duns, Is 7d; danish, Is 6d to Is 6d. —None offering. Prime malting, nomluahy, 88 8:1 ‘° 3 “ 10d > 8 “ *°PeasH-Blue Prna S ia US ' 2.6 dto 2 S 9d. Beans—2s sd. Potatoes—lss at country stations. Ryegrass—Machine - dressed, 4s 6d ; ordinary, 4s; farmers’ undressed samples, 3s. to 3s 6d, Cocksfoot —Machine-dressed, 5d to 6d; ordinary, 4d to 6d. Red Clover and Cowgrass —6id to 7d. Cheese—Large, 4id. Butter —Prime fresh, 7d to 8d ; salt, 6d to 7d; separator, 9d. Bacon and Hams—7d. Oaten Sheaf Chaff—s7s 6d to 60s, sacks included. Exports for the week:—Wheat, 2014 sacks; oats, 1184 sacks; chaff, 2657 sacks; seed, 189 sacks; potatoes, 3265 sacks.

CHRISTCHURCH STOCK MARKET. At the Addington Yards on Wednesday there was a small attendance, but the entries in most classes were large. Fat Cattle—Very few prime fat beasts came forward.. Prices were irregular, ranging from 22s 6d to 28s per 100 B). Steers brought £7 5s to £9 10s, heifers £4l7s 6d to £9, cows £5 to £7. Hairy Cattle—The entry of dairy cattle was small. Good sorts sold slightly better, but inferior animals were not wanted. Springers brought from £4 12s 6d to £9, dry cows £2 to £5. Store Cattle—Two and three-year-old mixed cattle and yearlings formed the bulk of the yarding of stores, but the sale was anything but brisk. Two-year-olds fetched £3 to £4 2s fid, yearlings and 18-months-old mixed cattle 30s to 60s. Fat Sheep—Fat sheep were well represented as to numbers, but the quality, except in a few instances, was not good. Better sorts sold fairly well, but the sale was of a dragging character. Crossbred prime heavy weights brought 18s to 21s, shorn crossbred wethers lls to 13s 9d, freezing quality 16s to 18s 6d, secondary 12s to 15s, best crossbred ewes 13s to 18s fid, best merino wethers 12s to 15s 7d, secondary 9s Gd to 12s 6d, ewes 5s to 13s. Fat Lambs—The competition for fat lambs was brisk, and all sold well at prices ranging from 9s to 14s 7d. Store Sheep—The yarding of store sheep consisted principally of crossbred ewes and lambs. For these there was a fair demand at late rates. Forward fourtooth crossbred wethers were in demand, and sold up to 15s. entry was not large, and a number of inferior animals were offered. There was a drop in prices, which are now equal to 3d per ft> for baconers and

DUNEDIN Z?° OTOB MARKET - The following is the report for week ending Wednesday : Wheat—Prime velvet, 2s lOd to 2s lid ; other varieties, 2s 8d to 2s lOd. Chick feed, good whole is scarce and wanted at from 2s 4d to 2s 6d. Oats—Prime milling and plump feed, Is sd; ordinary feed, 1s 4d to Is sd; seed varieties, Is 7d to Is lOd net, sacks extra. Barley—Prime malting, 3s Gd to 3s 8d; poirling, 2s9d to 3s ; feed, from 2s to 2s3d; seed varieties from 3s Od to 4s Gd. Hops—Demand not active, Gd to lOd. Pearl barley—£l6. Oa + meal—£8 10s. Flour—Roller, £7 os; stone, £G 10s. Bran—£2 ss. Pollard, £3 10s. Potatoes —A few trucks of prime quality wanted, £1 10s to £1 los. Chaff—The demand is good for best quality at £2 15s ; ordinary, 36s to 455. Onions—£lo. Linseed —£12. Pigs—Prime bacon sizes, 3Jd. Salt Butter—7id ; fresh, fair supply. Bacon—Rolls, Gd to Gid ; hams, Bd. Cheese—Factory, 4|d to sd; Akaroa, 4d to 4}d. Honey—Prime extracted, 4d to 4Jd ; other quality, 3jd. Ryegrass—Machine-dressed, 3s 0d to 4s 3d; farmers’ lots, 2s 3d to 2s Od. Cocksfoot—4d to 74d ; light cocksfoot for surface sowing, os per sack.

Sheepskins —At auction on Tuesday, best crossbreds, though meeting with most favor, were easier, while inferior crossbreds and merinos were much less keenly competed for, and prices showing a decline of 3d to 6d per skin compared with late values, country dry crossbreds, inferior to medium, fetching Is 5d to 2s 6d ; do do merino, Is 3d to ls8d; medium to good crossbreds, 2s 9d to 4s3d; extra heavy4sfid to6s3d; good to best merinos, 2s to 2s 9d; extra heavy, 3s to 4s; dry pelts, 2d to Is 2d; best green crossbreds, 5s 3d to 5s 6d; extra heavy, 5s 9d; medium to good, 4s to ss; green merinos, 2s 3d to 3s 9d. Hides—Market unchanged. Prime conditioned heavy weights, 60& and over, fetching 2Jd to 3d; medium, IJd to 2d ; inferior and light weights, Id to 1 Jd per lib. Tallow and Fat—A very steady demand exists for all coming forward, whether rendered or in the rough, at prices comparing favorably with those lately ruling, which are for best rendered mutton, 18s 6d to 20s; medium to good, 15s fid to 17s fid; inferior to medium, 12s 6d to 15s; beat caul fat, 12s 9d to to 13s; medium to good, 11s 6d to 12s fid; inferior to medium, 10s to 11s per owt.

DUNEDIN STOCK MARKETS,

At the Burnside Market on Wednesday the following business was transacted : Fat Cattle—l 49 head yarded, the greater portion being very good to prime beef. Competition was fairly active, resulting in the drop suffered last week being fully recovered on this occasion. Best bullock's brought £lO to £ll lOs; medium to good, £7 17s 6d to £9 17s 6d; light weights, £5 17s 6d to £7 12s 6d best; cows, £7 12s 6d to £8 17s 6d; one or two extra prime, £9 to £9 7s fid; medium, £5 15s to £7 2s 6d; light and aged, £3 10s to £5 12s 6d. Fat Sheep—2l4o penned, of which 350 were merino wethers, medium to good. The crossbreds included several pens of very heavy sheep and well finished. The greater portion, however, were only medium quality and hoggets. A very good demand was experienced at the commencement of the sales, and prices ruling quite on a par with those of last week, but down towards the close competition became less animated, and prices secured then were lower by 9d to Is per head compared with those obtaining earlier. Best crossbred wethers at the start brought 14s 9d to 16s 9d; a few pens extra heavy, 17s 6d to 19s 3d ; medium to good, 10s 9d to 13s 9d; best do ewes, 125.6 dto 14s 6d; one small pen extra heavy, 16s 9d; light weights, 10s 3d to 11s 9d ; merino wethers, 4s fid to lls. Lambs—32 were penned, small but nice quality, and sold at lls to 13i 3d each. Pigs Only 43 penned, nearly all suckers and slips, all of which sold pretty well, the former fetching 10s to 13s, the latter 15s to 18s, about half a dozen porkers 23s to 345, and a few light baconers 32s 6d to 345; two or [three extra heavy pigs, 65s to 73s each.

AUSTRALIAN MARKETS.

Sydney, October 10. Wheat, chick, 2s 8d ; milling, nominally, 2s lOd. Flour, roller-made, nominally, £7 5s to £7 10s. Oats, fair enquiry. Feeding, 2s lOd. Maize is quiet, prime, la lid. Barley, Cape, 2s 8d to 2s 9d. Bran, 7sd j pollard, 6|d. Peas,. Prussian blue, 3s 9d. Potatoes, locally grown, £lss to £110s; Circular Head, £2 7s fid to £3.Onions, £l2 10s to £l2 15s. Butter, dairy-made, 74 to fid; factory - made, 8d to 9d. Cheese, prime, 4£d to sd. October 11. The local wpol market is buoyant. There is a large attendance of buyers and prices have an upward tendency. Many American buyers were among those present. Greasy merinos brought up to 7£d, scoured to 1s 3d. October 12. It is expected that the bank rate of interest will be reduced to 3 per, cent, next week. Melbourne, October 9. The imports for September show an increase in value of £107,000 over the August returns. The exports have increased for the same month by £165,000. October 10. Wheat is quiet at 2s Id. Flour, roller-made, £5 7s 6d to £5 16s. Oats, Algerian, Is 5Jd to Is Bd, Stout, Is lid. Maize, Is lOd. Barley, Cape, 2s; malting, ss. Bran, s|d to fid; pollard, 7Jd. Potatoes, £ll2s 6d to £llss. Owing to the rapid strides of the butter trade, the Minister of Agriculture has notified the mail companies that he will, require two extra steamers in December which will take 10,000 tons each in addition to 1500 tons by the usual steamer. October 12. The bank rate is 3 per cent., the lowest for thirteen years, Adelaide, October 10. Wheat is quiet at 2s Id. Flour, roller-made, £5 7s 6d to £5 10s. Bran, 6£d to 6Jd ; pollard, 6£d to 6sd. October 13. The bank rate is 3 per cent. Brisbane, October 10. The imports for the quarter have increased by £191,000 compared with the same quarter last year, and the exports have decreased by, £315,000.

MONETARY AND COMMERCIAL kOtfpoK, October 10. The Victorian, New Zealand, and Queensland stalls at the Dairy Exhibition attract many visitors. The Victorian butter is highly approved. The New Zealand stall is built o£ local wood. Messrs Nelson Bros, display meat thawed by their new process. The Queensland exhibit is chiefly pamphlets. Messrs Schwaber & Co., wool mer- ' -->tg, have suspended payment. Their f-u-’iV- ‘ '‘■rimated at £IOO,OOO. habdxties are + - - -he Argentine Mr Fraser says tm*.. - **le Der traders are able to take 500 live cat... _ week in the event of its being found possible to arrange for transport. Mr Moore, an Argentine trader, is sending an agent to Queensland to make enquiries, Victoria’s butter exhibit is very attractive. The public are much interested, and make many inquiries. New Zealand shows an excellent display of butter and cheese. The experts praise the richness of New Zealand cheddar, and pronounce it superior to American or Canadian. Two offers have been made to buy the whole exhibit. The New Zealand dairy exhibits took first prize, a silver medal. Victoria did not competes Mr Fro3 r herg, of Wellington, is returning to New Zealand. Ho proposes to promote through the Government a union of the colonies to conserve and sell timbers. There are five miles of London streets awaiting Australian wood for paying. The wheat and flour afloat for the United Kingdom is 2,040,000 quarters, and for the Continent 2,120,000 quarters. Shares—New Zealand Shipping Co., £4 10s. At the wool auctions bidding was animated, aud there was good competition. Hakateramea braud fetched 7 jj-d per lb.

During the year Africa exported gold to the value of £8,000,000, Sir Hercules Robinson believes that the output will be doubled before the close of the century. A shipment of beef has been sold at Vienna at prices slightly above the Lon-' don rates. Mr Weddel encouraged by the success of the venture is sending further, consignments. Mr Joseph Nelson in a letter to the Times, says that the Canadian North-, West is able to land 260,000 live store cattle per annum at a cost of £3 each, ineluding feed and attendance. Ha considers it impossible for Australia to compete against this. October 11. A cargo of Adelaide wheat has been sold at 235. The wool sales are animated, there being good competition. The chairman of the New Zealand Shipping Company, at the annual meeting, told the shareholders that they were going in for strict retrenchment. The traffic was increasing, and two large meat steamers were being built. October 12. New Zealand 4 per cent, inscribed stock, 106 ; 3J per cent, do, J 01. New Zealand long berried wheat, ex warehouse, flat, 245; South Australian and Victorian wheat, ex'warehouse, quiet, 24s and 235. 6d respectively. New Zealand frozen mutton, second quality, 2sd per lb; lamb,first quality, sd. The market is glutted. For New Zealand hemp the demand is slow. Fair quality is sold at £l6 10s per ton. At the wool sales there was fair competition. Faparangi fetched 8d per 0>; scoured, Is o|d. Compared with the previous sale merino greasy, good to superior, is a half-penny dearer, other merinos par to a half-penny lower; inferior, a farthing to a half-penny lower. Mr Fraser advises the colonies to combine to arrange for shipments of frozen meat arriving in November at Belfast and Glasgow, beginning on a limited scale. October 13. ' The wool sales closed with prices steady. The Americaiis took 13,<0d0'bales.