COMMERCIAL. Waikato Times Office, Wednesday.

Waikato Times, Volume XX, Issue 1650, 1 February 1883, Page 2

COMMERCIAL. Waikato Times Office, Wednesday.

NKW ZBAIAND MAKKETS. Tub New Zealand Loan and Mercantile Cmnpauy riJportiiiiider itoto, Chhiatchurdi, January 2r>th :—: — IVoo/ML'he! mail Ha Sin Francibco places us in possession of priced catalogues to 30th Novent- « Mr,? <vh|cb] full/ fcou'Hrnt c.Uilc f adOices 1 At the ' 'tHiit*, announcing 1 irregularity In biddings/ and a general (Incline of id to Id in prices., excepting ior linuit <|ualities ol merinos and haU-breds. It will be remembered, however, th.it subsequent telegrams were of a more reassuring character, .md th.it before the close of the series on tfth December the drop had been partially recovered 1 and tho market was ajj.im iirm at September Mtos. Jjio somewhat unsettled^ condition of ■ <* trade at various centres, both in Kngland and on the Continent, < uuplcd with the tae t th.it I.iiirc stoiU weie held by dealeis at latest mail .'<lvices, dispil'ed the hope ol any \eiy substantml improvement in values .it the February series. It is doubtless owing to these circumsumes that bujors in the colony have been unwilling to operate in long wools, cross-breds", .md coarse merinos, except at a 1 eduction oJ ■ about 10 per cent on the opening rates ot the season,' and in most cases growers have appro ci »ted the situation and accepted the rates CIIIUMCIIUKUI.— ihe third scries of the jear wis hold on the loth and 17th instants, when 1,100 bales were brought forward, ot which upwards of U.fiOO were placed under the hammer, or privately, immediately aftcrthe auctions. We .submitted 1,7.">t bales, and quitted 1,000 at the following rates —Merino, 7(1 to 10',d ; liall1 lJttsd, 8d to l)d ; cross bred, Ojcl to B}d; Romnej, 8d; Leicester, 7d ; scoured lambs, fld ; scoured cross-bred, lOJcl to ll[d; scoured merino, Is ij to Is 7/d. I lie bulk of the wools offered were h6.ivy in condition, being lull ot yolk and earthy, though no fault could be found with the staple, borne wcll-giown meuno dips, light in condition, elicited keen competition, and realised satisfactory prices— notably, 07 bales Jluccleuch brand, at lO[d, 103 bales \Vnitero(k brand at same hgurc, and 13 bales Ashley Downs, at lOd. Our next auction sale will be held on the 7th February, for which 700 bales arc already in store, including sonic choice merino clips. Di'MiDiN. — J'jcscnt values range as under — For greasy cross-bred. Oijd to 12jd, merino, 7\d to 1-tjd, washed meiino, Is Id to IsBd. AtiCM md.—A t public sales, wool in grease has realised s'.d to 0/d per lb , Locks, "id to 3ld. Him s — Dunedin • lha supply is limited, ard all consignments coming to hand ..i c easily plac cd at from 3d to Id per lb lor well-conditioned salted hides. Gisiior.M . — A good number have been shipped during the mpnth, at tf'.d and .I}d. Auckianu. — Prices have ranged irom 2',d to '•iid. Gr U\\— Christchurch : During the past month the weather has been highly favourable for maturing the ci ops, and at the moment of writing harvest operations are in full swing, the whole countiy side being resonant with the hum of the reaping machines. In the north the bulk ol the grain is already in stock, and threshing is proceeding. 'Ihe yield is reported to be heavj, quite iulfillmg the sanguine e\pcctations of growers As prices for the now ciop arc not yet determined, our list quotations are for old stocks. U'ht'tit —Ihe late bright we ither, assisted by a nor'-wester on the 20th and 21st. has brought the crops to a maturity simultaneously, and farmers arc straining: every nerve to secure the grain whilst conditions arc so ta\ourable Some early luscan has already appeared on the market, the iju ihty of which is .ill that could be desired. •Sales have been efiected at 3s Gd ior Tuscan, and .'is Id for Hunter's, delivered in Chiistchurch, thus proving the correctness of our piognostications a month ago. There can be no doubt now that as ad to J!s Gd f o.b. will be the ruling rate for eaily delivery, and it remains with farmers to decide whether they will accept this figure oi ship to London on then own account. The rate of freight on wheat to London is not jet definitely h\ed, but we have alre ady announced to our clients that it will not cveeed 10s per ton of U 240 lb. On/<. — Only a h.iiul-to-iiioutli business lias been passing dining the month, and this at gr.idn illy declining i.iUs, until 2» Gd has been touched tor bright iced ot old < rop E irly deliveries of newciop weio j.l iced at :2s 3d, but "2j is now the current price toi bii'fhtfced l'cbruary delivery at Christchurch. Ihe yield will be a very heavy one, and .is the quality is gencr illy exceptionally good, we anticipate larger shipments will be made to London, provided s itisfactory freight airangemcntsr in be com hided Du\i din — W'liial. lheie is no linpiovcmcnt to report in iesp< rt to the business trans.ictid in this cereal, and in the lace ot ,vi early harvest, pmspcets of higher i.itis aio not fnourable. .Salis have been made ol choice milling at Is to Is id, medium, 3s (id lo .is 'Id, inferior, _\ to is id Ont\ We sold last week bj auction fiOOO bushels at from J-, id lo Js Od for inlet ior and discoloured, 2s 7d lot medium, and J> lOd to '2s lid ioi stout bright fee d. 'lim\ri.— U'/imt ' Since out last, nothing has been done m the waj ot sales in < onnection with past season's wheat. A large quantity has been shipped fiom here to the London market, the l»w li eight ruling being an inducement to owners who have held too long, to take the chances ot the I'll','h h m.uket in prefcience to holding till flioncw emp comes in. 'Die new wheat promises vrrywell, \>oUi i!»to i)u mVity and quality. We anticipate tint pn< cs tor the new will not evened •U Jd pei bu .hel ~()o!\ . \ considerable quantity ot old oats is still in theh inds ofownets, and s lies have been m ide it up to "2s '2t\ tor lair feed A'ew oats are not ye t in the market, but w ill soon be coming to hand. Ai cm \m> -U'liuil Harvest piospccts are good, the crops are thin but well he ided and of good coloui, and the jield will probably be not • jnuch below the average. II the quantity reaped this season is not so 1 irge as of Lite jeais, the qu ilit}, at all events, will be supcuoi. l-ooking at advices trom southern parts ot \i w Zealand, wo do not e\peet pru.es here to mlo high — Ou/s • J'.ut little doing in this teieil, neither l>u yers nor sellers caring about opuating until prospects of new rrop are assured. O\M\RU.— f/7W \ei) tewtians.tctionshave laken place in this cereal during the p »st month, home lew parcels have been placed at quotations to millers, but only foi a hand-to-mouth < onsumption. Ihe crops in this distnct ate on lh( whole looking evcccdmgh will, md a more than average jicid is expected "We have <\- pt neneed the b<. .t of h.mot weathci lately, .md h.uvest i. now pretty general. Prices aie t -.peeled to <ipc n tiom .is .id to is 0d