WEEKLY MARKET REPORT.

Otago Witness, Issue 1971, 14 November 1889, Page 18

WEEKLY MARKET REPORT.

Mobitzson and fiopxnr, grain, produce, and commission agents, Manse street, Dunedin, report for the week ending November 13 as follows :— Wheat: Market unaltered. Best Tuscans, 3s 5d to 3s 6d ; other sorts, 3s Id to 3s 3d. Fowls* wheat : In fair demand. Good whole, 2s 8d to 2s 9d; medium and broken, 2s 4d to 2s 6d. Barley : Little demand. Malting, 3s 2d to, 3s 6d ; milling, 2s 8d to 3*. Oats show no improvement. Beit milling, 2s to 2s Id; bright plump feed, Is 8d to Is 11s. Flour* Timara roller, £8 10s j town brands, £8 ss; Southern, ' £8. Oatmeal : Long ton bulk, £11 ss; 25's, £11 ss. Bran, £2 15s. Sharps, £3 ss. Potatoes : Unsettled ; we have sold at £4 ss. Figs: 4d to4jd. Chaff: Well out oaten, £3 to £3 7s 6d. Straw, oaten and wheaten, 355. ' Butter.: Salt, no demand, 5d to, 6d. Honey, 3§d' to 4d. Cheesa: Factory , 4 Jd to sd; Akaroa, 3§d to4d. Hams' and bacon : Hams, 9d ; rolls and Hitches, 6d to 6jd. Grass seeds .* Byegrasa, 2s 6d fco 5s 6d ; Cocksfoot, 2d to 3jd. , . WOOL MARKET. Messrs Abthtjb M'Donald and Co. report as follows for the week ending November 13 : — Wool.— Since our last report the opening sales for the season have been held in Christchurch, at which all the leading buyers were present, including our Mr M'Donald,' who, we are glad to say, was enabled to buy fully two-thirds of the wool sold. Since then Mr M'Donald has been Bailing round the Timaru district, and by last reports from him had purchased the following lots: — George Rhodes, Oarmont; M'Govera and Hardy, Hook ; W. Qulnn, Makikihi ; W. Grant, Timaru; W. Pringle, Gleniti; W. F. Edmondson, Gleniti ; G. Talbot, KiDgsdown ; Robert Brookland, Pareora; — Munro, Dalmore; John' Orummie, Eingsdown; Andrew Carter, Makikihi ; H. Yondale, Pleasant Hill, Clarmont; B, Stoddart,' Seadown ; John Headley, do ; John Devan, do ; John Stoddart, do ; W. Gunn, do ; Alexander Humprey, do ; — Marshall, Temuka ; Thomas Bees, do ; James Austin, Winchester; John Aitken, Smlthfield; James Guild, Trevenna; Andrew Grant, Temuka. We are open for any quantity of wool, and quote crossbreds up to 13d, merinoes 12d, pieces 6dto Bfd— free of all charges. THE AUSTRALIAN MARKETS. Syd'nby, November 13. ' The wheat market still continues dull. Chiok feed, 3s to 3s 3d ; New Zealand milling sorts, 3s 6d to 4s; Californian, 4s 3d, nominal; Adelaide, ss, 2d. There is a steady demaud for flour for trade requirements. New Zealand stone-made, £7 5s to £10 15s. Oats : Feeding sorts, 2s 2d to 2s 6d ; milling, 2s 7d to 2s Bd. Maize: Inferior quality, 2s to 2s 6d ; best quality, 3s. Bran is firm at 9d. Pollard, 8d to B£d, The potato market is glutted with New Zealand grown, which are selling at £2 and £3 ; Circular Heads, £3 3s to £5 ss. Onions : Local, £U to £15 ; American, £14 to £20. Butter: Dairy-made, 6d to 7d; factory, BJd to 9d; New Zealand, 3d to 4d, Cheese: Local, sd to 7d ; New Zealand, 6d. Bacon: Local, 6d to 7d ; New Zealand, 8d to 9J4« Hams : New Zealand, Ib. Mblboubnb, November 13. Wheat, 5s 3d. Oats: Californian, 3s 6d to 3b 6£d ; Danish (stout), 3s 4d to 3s 4£d ; New Zealand prime, 3s 9d to 3a 9§d; Maize, 4s 2d. Barley : Feeding sorts, 3s Cd. Bran, Is Id. Pease, 4s B|d to ss. The sugar market is strong. Queensland yellows, £20 ; whites, £24 105. ' . Adelaide, November 13. Wheat is dull. Old crop is offering at 4s lOd to 4s lid ; new crop, 4s 3d. Flour : Stone-made, £10. 10s to £10 15s ; roller-made, £11 10s to £ll 15s. Oats : New Zealand sorts, 4s. . CHRISTCHURCH CORN EXCHANGE; Eeporfc for week ending Friday, Novejnber B:— ' As is usual during carnival week little attention has been given to actual , business, only pressing shipments meeting with recognition. Wheat is without alteration, ' although stocks are being eased' off by shipments to London. Oats continue languid, except for local consumption passing along. Barley meets with little inquiry, the season being too far advanced for malting to any great extent. Grass seeds are without animation, and quotations unaltered. The came may be said of dairy produce, although' we note a slightly better tone in butter for Home shipment. Our quotations for the week are as follows :— Wheat: Tusan, 3s 4d; pearl or velvet, 3s to 3s Id; Hunter's, 2s lOd to Is lid; whole fowl wheat, 2s 4d to 2s 6d ; broken, 2s 3d. Oats : Prime milling, 2% 6d ; short heavy feed, 2s 3d to 2s 4d t long and inferior, 2s to 2s 2d. Barley: Malting, 3s 6d; medium, 2s 9d; feed, 2s to 2s 2d. Beans, 3s 3d. Peas : Prussian blues (true to name), 3s 9d to 4s. Byegrass : Town- machine dressed, 4s 3d to 4i 6d ; farmers' lines, 3s to -3s 6d ; cooksfoot, heavy bright 'seed, 3£d to 3fd. Potatoes: Derwents (nominally), 50s to 555, at country stations. Dairy produce : Cheese, 2Jd to 4d ; butter, sd-to 6d. The above prices are those paid to farmers for delivery, f.0.b., sack extra (potatoes excepted). MARKETS. WHOLBSAUt PBODTTOI REPORTS. ' Mr J. Fleming, Princes street aouth, reports under date the 13th inst. : — - - Wheat; Best milling, 3s Oaten Hay £3 10s per ton ' to 3s 3d per bushel Chaff (oaten), £3 to £3 5i Medium milling, 2s 10d to per ton. 3a per bushel ' Bran, £2 15s per ton Fowls' wheat 2s 6d to 2s, Pollard, £3 15 per ton | 9d per bushel , Flour, £8 to £9 per Oats milling, Is lid to 2s . ton 2d per bushel Barleydust,£4 loa per ton Feed oats, Is 4d to 1* 9d Bacon (rolled). 6|Q per lb ! per bushel Side bacon, 7d per lb ] Malt barley, 3s 3d to & (grain fed) 4d per bushel Oatmeal, £11 10s per ton Onlont 35s per.owt Cheese 3d to 4d pec lb j Feed Barley, 2s 2d to 2s Smoked Hams, B§d perlb j 6d per bushel Straw, £1 15s per ton Pearl barley, £17 10s per Cape Barley, 3s 6d per i ton* bushel. Good salt butter 4d to 7d per lb. Best Oamaru potatoes. £3 10s Der ton. Bye grass hay,' £3> 10s per ton. Salt Butter unsaleable. Swede turnips, £1 per ton, Bes& Oamaru seed potatoes £4 per ton. Potatoes much easier this week. FARM AND DAISY PBODUO*. Messrs Mercer Broa. report paying for produce during the week ending 13th inst.:— Uggs, lOd per dOjJ?be I Salt butter, new oeason Bacon (roll), 6i«j| w \H> I 4d to 5d perlb Hams, 8d per It. " . | Fresh buttpr. best brands 8d per lb. Fresh butter, good ordinary (in lib and ilb printi), 5d to 6d per lb. GRAIN SALE. . Mr John Grindlby (on behalf of the Farmers' Agency Company, Limited) reports having held his usual weekly sale at their new stores, Cumberland street, on Tuesday. There was a fair attendance of buyers. Bidding' was quiet, and last week's prices barely maintained, the fall ranging from -Id to 2d per bushel. The following were the lots sold :— 162 sacks, Is lid; 210, 2s; 70, Is lOd; 62, Is lOd; 60, Is lid; 120, Is lOd; 180, Is lOd; 50, Is lid; 350, Is lljd ; 326, le lOd— bags charged 6d extra. Potatoes ranged from 32s 6d to 70s ; chaff, 27s 6d to 52s 6d ; fowl wheat, 2s 8d to 2s lOd. THE SHARE MARKET. The market is still listless, and business somewhat stagnant, although signs of a slight revival are not wanting. BANES. New Zealand (old issue) have depreciated to the extent of 2s 6d per share during the week, but on Saturday prices were a shade firmer, the latest reports from Auckland having an encouraging effect on the stock. Buyers, however, are scarce, and indeed sellers are not numerous either, shareholders generally being of the opinion that, despite the unsatisfactory condition into which the affairs of the institution have drifted, it must with the vast business it possesses, recover its position and shares ultimately reach higher figures than those which at present prevails. Colonials have not, as was anticipated, fallen in sympathy with New Zealands, transactions taking place at up to 42s 6d. Shrewd investors are carefully watcking for » fall in Colonials, with a view to buying, the impression gaining ground that this bank will, in the future, materially improve its position. In Nationals very little is doing, the quotations being merely nominal. , - EJSUEANCB. Insurance stocks all round are weaker, with perhaps the single exception of the Colonial. Tha reported deficiency of £11,000 in the accounts of the National Company, combined with tae previous unfavourable reports of the South British, has 'eansed universal depreciation in all insurance shares. ' With the exception mentioned Nationals are quoted at 17s (sellers), but as a matter of fact bona fide buyers could operate at a much lower figure— probably 16s 3d or 16s 6d, SHIPPING. New Zealand Shipping and Union Steam continue firm at £4 and £12 159 respectively, but transactions are rare,

1 , , COAX. Kaltangatas have weakened, and were offered oa 'Change on Friday at £18 (ex div). MERCANTILE. There is very, little chauge to report in these stocks. If anthing, one or two lines are weaker, but the tendency is to maintain the level of-la&fc week. DBBDGINO COMPANIES. Prices are firm,at last week'B quotations, and a few transactions are xecorded. One parcel of 500 Frankton Beaches (promoters) was quitted at 6s, and some small parcels of Golden .Bars, Shotovers, Upper Waiporiß, and Waipapas have also changed hands. The business of the week call* for no special comment, excepting that Upper Waiporla (probably one of the best dredging companies) Save been weak, and are quoted 3d lower than last report. The remaining shares la the Six-mile Beach Company, Waikawa, •were fully subscribed during the week. | SLUICING. ] Fair Maids are quiets United Hercules are firmer ! in anticipation of the, approaching , washing-up, j ! which is expected to be good. With thoroughly j skilled management, this claim should soon be on 1 the dividend-paying list. Two .suppssed very good 1 ventures are being privately floated in the marketnamely, the Waipoii Amalgamated (O'Brien's) and the Island Block Extended. Speculators are pretty full up of all kinds of stocks just now, and until lOme returns are obtained vendors should refrain for •ome time from placing new ventures in the market. In the majority of cases failure is inevitable. OTAQO QUARTZ. Blue Slates have come down with a run from 8s to 4s 3d (buyers), and 4s 6d (sellers). A small parcel was offered on 'Change for several days without finding a purchaser, but finally a buyer was forthcoming at 4s. On Friday 1000 were quitted at 4s 3d, the stock being firmer on account of favourable reports from the mine. Crojsus are also firmer, one sale being reported at 2s 3d. Prices, however, range between 2s and 2s 3d, with few buyers. During the week there were sellers of Promoters as low as Is lid, but since then there has been an upward tendency, and on Saturday prices were 2a 3d and 2s 4d. Kurekas have been slightly inquired for, but no large parcels have changed hands. Gallant Tips are very quiet; while Green's Beefs have dropped from 2b 3d to Cd, the reason being the unaccountably poor crushing of about 2dwt per ton. The management anticipated fully loz per ton, so that the result is highly disappointing. The Otago Company, it is reported, washed up prior to Green'a Reef Company, and from what can be gleamed from reliable sources the crushing was a a very fair one- much better than that of the latter company. The Otago Company are working the continuation of the lode from which Green's Reef crushing was taken, and the discrepancy seems curious. It is stated that the dirty water used on the tables was the means of carrying the gold a.way, but this theory must not be accepted as an established fact. Prospectors (Nenthorn) have also fallen, 1000 being offered on 'Change on Wednesday at ss. They -were afterwards witharawn, and the Btock is now quoted at 60 (sellers), and is somewhat firmer. Golden Gullies (Serpentine) are slowly on the rise, and purchasers are offering as high as Is 7d—presumably in anticipation of a good crushing. Although very favourable reports have been received from the mine, White's Reef do not rise, nor are there any inquiries for the stock. BEE7TON MINES. Business in Reefton stocks has been dull as ditchwater. Possibly the business people of Dunedin are beginning to recognise that iv assisting wich their capital the development of the mineral resources of Otago they are in- directly increasing their own busineeses, and assisting the growth of a huge stretch of country (mineral, pastoral, and agricultural). .Beaconftelds (Westport) are steadily rising, and have been much inquired for. Globes continue low, as also are Darks, with no inquiries of importance. The late spurt in Lyell Creeks. has proved to be a mere flash in the pan, and it is very rarely they are quoted even. There is a bit of a boom in Scotias, which had' dropped considerably a fortnight ago; but' many investors look askance at the stock, and are more inclined to' part with rather than increase their present holdings. Welcomes (old; are offering at 188, and United Alpines can be bought at 14s or 15s, with no buyers. The following are the falls of the week's transac* tions :— Bank of New. Zealand, 2s 6d ; National Insurance, 1b; Kaitangata Coal, 10s; Mosgiel oollen, Is 6d; Kawarau Big Beach (2b paid), 3d ; Upper Waipori, 3d; Fair Maidj'ls; Blue Slate, 5s 6d; Green's Reef,, la 6d; Mount Highlay (5s paid up), 1b 6d; Prospectors, Is. The advances comprise the following:— Dunedin and City Tramway, Id ; Croesus, 2d; Eureka, 6d; Golden Gully, 8d ; Scotia, Is 3d.