COMMERCIAL.

Temuka Leader, Issue 2838, 6 July 1895, Page 4

COMMERCIAL.

GERALDINE STOCK SALE. The Geraldiue fortnightly sale on Wednesday was fairly attended, but bidding was not brisk, though prices showed a slight improvement. Merino wethers, 4, 6 and 8-tooth, brought 5s 9d ; 2-tooth wethers and ma den ewes ss, fat ewes 6s Id, merino wethers in lamb Is 7d, crossbred ewes in lamb 3s Id. A line of 176 2 and 4-tooth wethers brought 10s, while threequarterbred lambs sold at 7s 6d. In pigs weaners brought from Is to Is 4d, small stores 5a 3d to 6s 6d, and large stores 14s Gd to £l. One baconer was soli for 355, and a good line of small stores was knocked down at 5s 3d. One cow sold at £5 10s, 3 2-year-olds at £2 10s each, and yearlings 325. C ISTCHURCH STOCK MARKET. At the Addington Yards on Wednesday bu3iueas in most cloases was brisk. Ftt Cattle—ln fat cattle prices were slightly .easier. Quotations are 20s to 22s per 1001 b for best beef, 14a to 18s for secondary and ordinary. Dairy Cattle—ln dairy cows a fair clearance was made at up to £8 10s. rfcore Cattle —Iu store cattle Bales made up to £4 15s for good 2 and. 3 year-old .steers, to £2 12s Gd for 18 months old 1 and 37s 6d for mixed yearlings, ? 10§ tP £4 sa, CO tw ou T * fat sheep there was lat Sheep-. , u rf sorts . good competition tor . K .. Heavy weight crossbred wethers . 13s to 15s 6d, ewes 12s to 14s 9d, freezing wethers lis to 13s Gd, nr'xed sexes 10s to 12s Gd, maiden ewes 2 and 4-tooth, 9s to 12s, butchers' best ewes 10a to lis 6d, medium 7s 6d to 9s 9d, werino wethers 8s to 9s 9d, ewes 7s 6d to 9s 9d. Store Sheep—ln store sheep 2-tooth wethers brought from 9s 9d to 10s lOd, mixed 2-tooths 8s 9d, halfbred ewes 6s 6d to 7s 6d, crossbred hoggets 6s to 7s lid, aged ewes in lamb 3d, and merino ewes to 2s 7d. Pigs—Pigs met with a poor demand, baconers selling at from 2£d to2f dper lb, and porkers at 2d to 2id. DUNEDIN PRODUCE MARKET. The following is the report for the week eudiug Wednesday : Wheat—Market continues about the same level, and sales are easily enough made at quotations. Advices from London are conflicting. It appears, however, pretty certain that there will now be no retrograde movement here. Quotations: Velvet, 3s lid to 4s; tuscan, 33 lOd to 3s lid ; red wheat, 3s 9d to 33 lOd ; fowl wheat, scarce, and brings almost milling prices ; seed wheat is worth up to 4s 6d, according to quality and condition. Oats —After the slight lapse last week matters again improved, and at auction bidding was keen, and prices show a general return to late prices—viz : Sutherlands and prime milling, Is 9d to la lOd ; best feed, Is 7£d to la B£d; medium and inferior, Is Gid to Is 7§d. Barley—Business is restricted, and sales hard to effect at low prices, but the scarcity of fowl wheat tends to harden values. For prime malting, 2s Gd to 2s 9d; medium, 2s 3d to 2s 5d ; inferior, 2a to 2s Id. Ryegrass —Busiuess is quiet pending the spring demaud. Be3t perennial ia worth up to 4s Gd ; medium, 3s Gd to 4s. Cocksfoot has improved iu value, and prices have gradually risen until bust is worth up to 5d to 5Jd; medium, 4d to 4:fd ; undressed up to 4d. Potatoes show some improvement, enpeciaMy northern, which are scarce—best fetching £2 7s Gd to £2 10s ; best .southern, £2 2.s Gd to £2 s:}; medium and inferior, £1 10a to £2. Chaff—Best fetches, £o 5s to £3 10s; medium and g od, £2 10s to £3 ; inferior, £1 15s to £2.' Butter—Salt, good quality wanted at P,d per lb; medium, hard to sell at 5d ; inferior, 2d to 3d. Cheese—Akaroa, 3Jd; prime factoiy, 4 ](1. Pigs— to 3d per lb for good quality of right sizes. Onions--Victorian, 7s.

Sheepskins—Tho usual weekly sales on Tuesday oontiuue to be well attended,

and bidding was slightly better, con i esqueutly all offerod met with ready sale at slightly increased prices. Hides—Business contined and prices low, and without much prospect of improvement. Tallow and Fat—Competition being limited, prices continue as quoted last week; rendered, 10s to 18s; rough fat, 9s to 12s. DUNEDIN STOCK MARKETS. At the Burnside Market on Wednesday the following business was transacted : 178 head yarded, principally good useful weights. The demand was steady throughout the sale and prices were about on a par with those of last week. Best bullocks brought from £8 10b to £lO 17s 6d; medium quality, £6 10s to £8 ; best cows and heifers, £6 10s to £7 17s 6d; medium and inferior, £4 10a to £6 ss. Fat Sheep—A very large entry, 3773 of all sorts being penned, and in consequence prices showed a drop of from Is 6d to 2s per head as compared with last week's rates, and had it not been for a large number being bought for freeziug a further reduction would have had to be submitted to. All forward were crossbreds and sold a 1 for best wethers, 13s to lis 9d; medium do, lis to 8s Gd; beßt ewes 12s 9d to 10s 6d; medium ewes, 10s to 7b 6d. Fat Lambs—There were a few pens forward, which sold at from 10s 9d to 63, a few extra, quality fetching up to lis. Pigs—l3.o were penned, and prices were again in favour of buyers. Suckers sold from 5s to ()s ; slips, 7s to 9s 6d ; stores, 14s to 10s; porkers, 18s to 23s 6d; baconers, 25s to 35s ; aud a few extra heavy from 39s to 40s. AUSTRALIAN MARKETS. Sydney, July 3. Wheat, chick, 3s 3d ; milling, nominal, up to 3s Gd.. Flour, roller-made, £8 10s. Oats, feeding, 2s 2d to 2u 3d. Maize, 2s 6d. Barley, Cape, 2s 3d. Bran, lid ; pollard, 10Jd. Peas, Prussiau blue, 3s to 3s 3d. Potatoes, £2 10s. Onions, £3 10s to £4. Cheese, 4£d to sd. Butter,dairy-made, lOd to lid ; factorymade, Is to Is Id. Bacon, 4d. to 4£d. The sheep sales have begun. By an arrangement with the auctioneers merinos will be firs'; disposed of before the long wools are touched. There was a large attendance of buyers. Bidding was active, showing greater liveliness than last year. On the whole the condition of the stock offered, noticeably in the New Zealand consignments, was much better than in 1894. Prices were good, though not of a sensational order. The highest price was 150 guineas for Paradox 11, a ram belonging to Mr Cfibsou's flock, Tasmania. A Bmall parcel of Vermonts, from New Zealand, were catalogued, but were not in evidence when salesmen reached the list. July 4. Mr Lowe, Weddell's butter expert, has arrived in Sydney, bringing samples of Danish aud Swedish butter to compare with the locally- made article. He considers that ,f the latter were landed iu good condition it would find plenty of willing aud anxious buyers at prices entirely satisfactory to tha shippers. The sheep sales were continued to-day. Ihere was a large attendance, and prices in buyers' favor. The catalogue consisted almost entirely of Tasmanhm flock rams, which averaged about £2 2s, some selling as low as 10a i3d apiece. It must, however, be explained that many of those selected were rams for inferior sire purposes. Good sheep commauded fair prices. Melbourne, July 3. Wheat, quiet, 3s to 3s l|d. Flour, roller-made, £B. Oats, algerian, Is Gd to Is 7id ; stout white, Isßdtolslojd. Maiza, Is 3d to Is 3£d. Bran, 9£d; pollard, B*d. Potatoes, £1 2s Gd to £1 7s Gd. Mr Pearson, Government Agricultural Chemist, reports that extended practical tests of sugar beet growing iu Victoria show a yield from 25 to 30 tons per acre. The per centage of sugar is 11.28 to 22, both higher than in any other beet growiug country. The cost of growing and delivery at the mills is £7 17s to £8 Gs, leaving growers el profit of £7 5s 6d to £8 8s per ton, besidtu greatly improving the land. Mr Pearson comes to the conclusion that few if any countries are so well suited to the baet-grawing industry as Victoria. *"veri ft t *" 9 present low prices, combined with intercd!°«i«i freetrade, Bne would be well able to hold her owil. Two Warrna,mbool firms have arrauged to export to London 10,000 to 20,000 rabbits fortnightly. Adelaide, July 6. Wheat, inactive, gs lJ.d to 3s. Flour, roller-made, £7 10s. Brail, 9]d to 9£d ; pollard, 9|d to 9Jd. MONETARY AND COMMERCIAL. London, July 2. A cargo of Victorian wheat ex barque Collessie, has boeu sold at about 23s 9d. The wool sales opened to day with a catalogue of 13,000 bales, Tho bidding was cheerful. There are now many wool buyers in London, and an advance of 5 per pout. to 10 per cent, is generally expected. Goldsbrough's debenture holders have appointed a committee of ten, including the trustees, wi'ih a view to modifying tho rate of interest. Mr Mitchell explained that Mr Goldsbrough was satisfied that under the present conditions the company could not pay the interest. Owing to the low price of wool and properties they were uuable to earn the amouut expec-ed when the scheme was arranged. Only £240,000 of calls due had been paid out of £450,000. He believed that some woafthy shareholders were willing to put further capital into the compauy, but a general call would be ruinous. At the wool sales 14,509 bales v*vre offered, chiefly from New South Wales and Queensland. There was an unusually large attendance of buyers, and competition was keen. The Americans aud English wore the chief buyers. Medium and good merinos aud crossbreds were 10 per cent., and faulty sorts 5 per cent, above the May closing rates. The gross profits of the National Bank of New Zealand for tho year are £6*0,000. Mr Thomas Loader, chairman of tho Melbourne Board of Directors of the City ..f Melbourne Bank, submits a t=chemo for a reduction of the rate of iuterust to the Scotch depositors; on Thursday next. The proposal is to convert half of tho deposits into perpetual 4i per cent, debentures, and the remainder into '2{ per cent, (usmbad stock ; two-thirds of any profits in oxcess of interest are to go in redemption of \i\-r scribed stock, aud tho remaining one-third is to be used ai; tho discretion of tho directors. July & Tho total quantity of wheat and flour afloat for tho United Kingdom ia 3,020,000 quarters, and for the Continent 1,490,000 quarters. The estimated American visible supply js 43,000,000 bushels. Eighty of tho Perthshire's cattlo were sold privatoly. Those killed brought 5Ad to s|d per lb. ,

The Stock Exchange hag decided to quote New Zealand 3 per cents. At the wool saleß opening rates were fully maiutaiued. Lower crossbreds are especially sought for, and have risen 15 per cent. There ia also strong competition for the better class of merinos. Home and American buyers are the chief operators. The strong tendency of the market is due to the Americans buying bo freely. The German and French buyers, especially the latter, have done almost nothing, but it is expected that they will operate shortly. " Bayßwater," New Zealand, brought 9|d per ft>. July 4. A Chinese loan of £1,000,000 at 6 per cant, has been subscribed six-fold in London. Wellington, July 3. Mr D. J. Nathan has received a letter from a former English butcher, who says he knows for a fact that imported meat is continually sold as English by nearly all the butchers at Homo. They dry it, dust flour it over and off again, and no one but experts can tell the difference. The writer adds that the meat should be properly dressed, and strongly supports the idea of a retail company opening shops at Home. He says 50 per cent more would be got for the meat.