COMMERCIAL.

Temuka Leader, Issue 2748, 8 December 1894, Page 4

COMMERCIAL.

CHRISTCHURCH Ma! K!m The New Zealand Farmers’ Co-opera-tive Association of Canterbury, Limited, report for the week ending December 7th, 1894, as follows; : The past week has been a quiet one in the grain and produce trade. Although wheat values show a decided improvement in England and sales of new crop Australian have been made to a considerable extent, our market remains sluggish. Oats are dealt with very sparingly for export, and local holders are reducing stocks. In other grains business is nominal. Potatoes have maintained the recent advance, but business for the season is practically over. In dairy produce, butter is in full supply, but prices keep steady. New cheese is now coming forward, and find a ready market, stocks of being almost exhausted. Bacon and hams have only a dragging enquiry. Present quotations f.o.b. Lyttelton, sacks extra : Wheat—Pxime milling, pearl, velvet, or tuscan, 2s 8d ; hunters, 2s 7d; second class, Id to 2d per bushel less; fowls wheat, 2s 4d. Qats —Milling Canadians, ls7d; short feed, Is fid to Is 7d ; danish, Is 5d to Is fid. Peas —Blue Prussians, 2s fid to 2s 9d. Beans —2s 3d to 2s 4d. Potatoes Nominally 20s at country stations. Ryegrass and Cocksfoot Business nominal. Red Clover aud Cowgrass—7dto7Jd. Cheese —New, large and medium, 4d ; loaf, 4'd. Butter —Separator, 8d ; best d xiry, fid to 7d ; salt, 5d to fid. Bacon and Hams —fid to 7d. Oaten Sheaf Chaff—6os, sacks included. Exports for the week : W heat, 634 sacks; oats, 655 sacks; potatoes 776 sacks; seed, 136 sacks; chaff, 1,880 sacks; flour, 1781 sacks. CHRISTCHURCH STOCK MARKET. At the Addington Yards on Wednesday there were large entries of stock. Business

was protracted to a late hour in consequence of the disinclination of buyers to do business, and a good deal of stock did not change hands. ~ " Fat Cattle—There was a large supply of fat cattle, the bulk of the entry beiug cows and heifers. Although some of the cow beef was the best of its kind it did,not meet with much competition, and Values for all but the primest sorts receded to about 21a per 100 ft. Steers brought £5 25,6 d to £lO, heifers £4l7a 6d to £6 17s fid, cows £4 17s fid to £7 12 s fid. Dairy Cattle—the entry of dairy cattle included nothing of special and very little business was done. Springers brought £4 12s 6d to £8 15s, dry cows £2 to £5.

Store Cattle-Stores were well represented, but it was late in the day before the sale commended, and sales were made with difficulty. , , Fat Sheep—-The supply of fat sheep was again, in eXcess of the demand.. . The entry was very mixed,. including a good | many aged ewes and inferior crossbreds, i Inspite of the fact that buyers for,export ! have agaiu " commenced to operate, prices ’ opened below last, week’s quotations, and a considerable fall took place before the : close of the market. Prime heavy-weight .crossbred wethers broughtl3s,, fid to 14a 10'd, freezers-12a to 13s fid,secondary to 11s,-best crossbred ewes 11 s ito 13s,tsedondary 7s to lOafid, best merino w€»|be.rs; 89 to.'. 10s, seCondafy Sa to 7s fid, merino eWes 4s to Tslfid. Fat Lambs—A large entry of fat lambs, jthe bulk of ' which was prime sorts, met iwith good competition at from lls to 13s .for best, and 7a fid to 10s for inferior. Store Sheep—The store, sheep pens were well filled with good useful sorts, but little business was done. Shorn 2-tooths brought 7s 6d to 10s, crossbred ewes and lambs 12a 3d. .. Pigs—The yarding of pigs was a mixed one, and prices for all sorta averaged 3Jd per ft). DUNEDIN PRODUCE MARKET. The following' is the Import for the week ending Wednesday : velvet, 2s lOd to 2a lid; other varieties, 2a 8d to 2s lOd. Chick feed, good whole is scarce and wanted at from 2s 4d to 2s fid, The demand is hot very active but prime velvet would find buyers. Oats—Prime milling and plump feed, Is 4d to Is 4jd; ordinary feed, la 3d to Is 3|d—net, sacks extra. Hops—Demand not active, 9d. Potatoes—£l 5s to £llos. Chaff—The demand is good for Vest quality at £2 IDs to £2 12s fid; ordinary, 30s to 465. Onions—£l7 to £lB. Linseed—£l2. . Pigs—Sales are difficult to make. Salt Butter—Prime, s£d to fid ; fresh, full supply. Bacon—Rolls, 5Jd to fid; hams, Bd. Cheese—Factory, 4|d to sd; Akaroa, 4d to 4Jd. Honey—Prime 4d to '4Jd ; other quality, 3jd, Ryegrass—Machine-dressed, 3s 9d to 4s 3d; farmers’ lots, 2s ,3d to 2s: 9d. Cocksfoot—4d to fid; light cocksfoot for surface sowing, 5a per sack.

Sheepskins—A fair demand exists,: and. all offering are taken up freely. On Tuesday country dry crossbreds, inferior to medium, fetched Is fid to 2s fid; do dp merino, Is 4d to Is 9d ; medium to good crossbreds, 2s fid to 3s 9d; extra heavy, 4s to. 6s fid; good to best merinos, Is lOd to 3s 3d; extra heavy, 3s fid to 4s 3d; dry pelts, 2d to Is 3d; best green crossbreds, 5s 4d to 5s 9d; medium to good, 3s 9d to 5s 3d; green merinos, 2s 9d to 3s 8d; lambskins, fid to Is each. Hides—A steady business is being done in these; heavy sorts, however, command the most attention. Quotations: For extra heavy, well saved, 2d to 3d ; medium, IJdto IJd; inferior and light, Id to IJd per ft. : Tallow and Fat—The demand js not by any means extra brisk. Late quotations, however,'are fairly well maintained—say, for best rendered mutton, 18a fid to 20a; medium to good; 15s fid to 17sfid; inferior to medium, 12s fid to 15s; best rough mutton caul, 12» 9d to 13s; medium to good, lls fid to 12s fid; inferior to medium, 10s to lls per cwt (ex store). DUNEDIN STOCK MARKETS. ■ At the Burnside Market oh Wednesday the following business was' transacted Fat Cattle—2o6 head were yarded, about half of which were prime, and the balance medium to fait quality. Prices were abbut this: same as last week. Best bullocks brought from £9 to £lol7s fid; medium, £7 to £8 10s; light weights, £5 to £6los; best cows from £6 17s fid to £9 sa; medium, £5 to £fi 10s. . Fat. Sheep were in very full supply, 3607 being penned, of ,whioh 300 were merinos. With, the exception, of a few pens, all were shorn, s and on account of the supply being in excess; of trade requirement#, prices showed a drop of from Is fid to ,2s per head. Pfopsbred wethers in the wool sold from 14s to 15a; shorn up to 14s; ewes in wool up to 14s 5 shorn from 12s to 13s fid; medium quality; from 10s to {Ila; merino wethers, 8s to 9s fid. Fat Lambs were in heavy supply, 878 being penned, principally good quality ; -wing to the large number bn Oder but v. -Ml. aad prices showed a drop, bidding Best pens fetclied up . * 0 j a . quality, 8s to 9s fid; inferior, 00 1 1 one splendid pen of 16 fetched 16s fid. Pigs—2B6 of all sorts came forward. Suckers sold from 6s to 9s fid ; slips, 12s to 14s ; stores, 17s to 18s; porkers, 22s fid to;24s fid; bacouers, 27s to 355; extra heavy, 40s to 475. NAPIER WOOL SALES. Napieb, December 5. ‘ The first wool sale of the season was held to-day. The attendance of English buyers was not so numerous as last year. Naturally a fall in prices was expected in sympathy with the tone of the Home market. Fleece wool suffered by comparison of last year’s prices to a greater extent than locks and pieces, for which there was good local competition, but of 4000 bales offered only about a fourth was sold at the following prices:—Light bright flue graded crossbreds and strong crossbreds, fijfd to ; rough bush parcels were neglected, making only from old to 6Jd ; merinos from 4fd to 6fd, all being of low grade ; locks 2d to 3 jd. AUSTRALIAN MARKETS. Sydney, December 6. Wheat, chick, 2s 4d; best milling, 2s Bd. Flour, roller-made, £6 15s to £7. Oats are dull. Best feed, 2s; milling, 2s Id. Maize, 2s. Barley, Cape, nominally, 2s fid. Bran, BJd; pollard, 7 Jd. Peas, Prussian blue, 3s 9d, Potatoes, new locally-grown, £2 10s to £3. Onions, £5 5s to £5 10s. Butter, dairy-made, fid ; factory-made, 7d. Cheese, prime, 6d. Bacon, prime, 4Jd to sd.

December. Wool prices show no appreciable change daring the week. : The Agricultural Department contemplates taking vigorous action to'sCcote-'a : share of the export trade in dairy produce to Great Britain. The Government will shortly institute measures to promote iutd develops the trade. It is anticipated that the Sugar Refining Company will shortly reduce sugar by £1 per ton. Melbourne, December 5. Wheat, 2s l|d. Flour, roller-made, £5 2s 6d to £5 10s. Oats, Algerian, Is 3d to Is sd; stout white. Is lOd. Maize, Is 9d. Bran, 6Jd to 6d. Potatoes, £llos to £ll7s 6d. Adelaide, December 5. Wheat, is firm at 3s lOd. Flour, roller-made, £5 10s. Bran, 6Jd ; pollard, 6Jd. MONETABY AND COMHEBCIAL. Lonx>ON,December4. At a meeting ofshareholders of .the Land and Loan Company, of New Zealand, it was suggested that it was desirable to wind up the company, and the directors promised to consider the ; matter! , , . . . The Bussian loan will be placed in London, Paris, and Berlin,, and the Itothschilds offer to subscribe any portion which may not be taken up. > . i Prominent Queensland aud Tasmanian producers are forming a Direct Producers 'and Consumers Company, with a capital jof £IOO,OOO. The business will be solely !the retailing of colonial produce,. * . December 6* ; Mr Valentine’s Colonial. Produce Distributing Company comprises 50,000 5 per cent.preference shares, and 160,000 6 per 'cent ordinary shares. Each is of the Value of £5. He hopes to issue shortly 20,000 .preference shares, and 60,000 ordinary shares. ; Messrs Nelson Bros, have been offered 60,0t>0 fully paid up .ordinary shares on. condition, that they transfer to the company their, entire English business, including stores, wharves, and branclr establishments. Eighty per cent, of the profits after piayment of a . dividend, is to be divided jfeUaongst consignors ; the remainder kihbngst ordinary shares, which will be largely offered in the colonies. Mr E. M. Nelson, chairman and. managing director of Nelsol Bros., and Mr Valentine are to explain the scheme to the Agents-General, for the AuWkralasian colonies, and will request them Ip become a board of reference in connection with the company. Share quotations—Union . Steam.. Ship, £7los; New Zealand Shipping Company, £4; Shaw, Savill, £6los; Bank of Zealand, new and old issue, nominally, £lloa.

The quantity of wheatattd flour afloat for the United Kingdom!* 2,470,000 quarters, and for the Continent 1,072,000 quarters. The estimated Ameifoan visible .supply is bushels. A .cargo of Victorian wheat, ex barque Province, sold at 26s 3d. 9000 quarters of Adelaide, prompt shipment, and the cargo of the Benmore, sold at. 25s Bd. quarters of December-Febrnaly shipment sold at 25s IJd. ( Tim butter market is demoralised, being glutted with Danish imports, and prices ere very irregular. Two; Australian shipments arrived almost together. December 6. At auction good wools remain unchanged, inferior and faulty sorts are slightly, in buyers’ favor. It is proppsed . that Nelson Bros, shall receive £30,000 for. the goodwill of their business. It is understood that they are willing to transfer their business to Mr Valentine!. st. Pbtbesbueo, December 4. ABussian loan 0f£20,000,000 sterling* to complete the Siberian railways, is impending. Wanganui, December 6. An important meeting was held yesterday afternoon of Nelson Bros.’ West Coast stock guarantors, to consider the position of the frozen meat trade. The proposals to meet the difficulty made by Mr W. Nelson were unanimously agreed to by the guarantors.