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COMMERCIAL.

[by telegraph.]

Dunedin, May 28. Prime beef, 225. Gd. per 100 lbs ; mutton, 2d.; good sample milling wheat, 3s. sd. to 3s. lid.; fowls feed, 3s. to 3s. 3d.; oats, Is. 3d. to Is. 4d.; malt barley, 3s. Gel. to 3s lOct.; feed, 2s. Gd. to 35.; potatoes, L2 7s. Gd.; old hay, L 4; new oaten hay, L 3 ; chaff, L 3 ; straw, L2; bran, L 3 ; pollard, L 4 ; flour, LlO ss. to LlO 10s; large sacks oatmeal, L 9 10s.; pearl barley, L2O; onions, 75.; cheese, 5d.; bacon, rolled, lOd.; hams, Is., sides bacon, lOd. Wellington, May 28. The New Zealand Loan and Mercantile Agency report under date, London, May 25, as follows : —The wool market is unchanged. Home buyers are purchasing freely, but the continental demand is limited. Competition on French account is sluggish, and the American demand has fallen°off. Up to date 200,000 bales have been sold. The sales will close on the Bth proximo. The wheat market is quite, Adelaide being worth 525. per 496 lbs., and New Zealand, 50s. ditto. Supplies of town melted tallow are light, and the market is firm. The leather market is quiet, best sides being worth ll|d. per lb. AUCTIONEERS’ REPORTS. Messrs. H. Matson and Co. report on the live stock market, etc., for the week ending Thursday, May 27th, 1880, as follows : The continued satisfactory advices of the European sales of our wool tend to create an increased demand for a l l classes of store sheep, and the difficulty experienced in the selection of good lines of stores for holding over is very great; in fact, without paying the full extra prospective value they are not obtainable, and the prices asked for this class of stock exhibit to our mind such a small margin of profit, in comparison to the prices ruling for fat stock, that were we purchasers, with a desire for an early return, we should prefer the last mentioned, and our remarks apply equally as well, as far as profit is concerned, to the cattle market, as until the permanent establishment of the freezing process on board our international vessels, we see no great outlet for our surplus fat stock, and although there is at all times a fair dealer’s profit attached to purchases and sales the bona fide producer and grazier must make up his mind to the fact that unless relief is obtained through export, his breeding and feeding on co.i paratively high valued property is only a precarious employment. At the Canterbury Salcyards on Wednesday the attendance was only moderate and the bidding throughout the day was on a par with the weather, which was exceedingly damp. The supply on offer was far from'large, and 011I3' in a few instances was the quality sufficiently good to merit attention. 344 cattlo, 4,838 sheep, and 79 pigs, comprised the day’s catalogue, of which we offered 203 cattle, 1,961 sheep, and G 8 pigs, all of which sold, fetched a good figure. Canterbury Horse Market.—On Saturday, at Tattersall’s, 102 horses formed the catalogue for the day’s auction, chiefly consisting of light sorts, with a fair number of good useful farm horses, for which there was a fair demand. At the opening of the sale biddings dragged, but towards the middle and close competition became more animated, and sales were effected of a considerable number at quotations. The large number of weedy, ill-bred stock coming forward every week tends to weaken trade, and militates against sales of even good stock. Our sales were— Good serviceable draughts from L3O to L 42 ; ordinary, L 22 to L2B ; medium to inferior, Ll's to LlB ; and weedy from L 8 to Ll2 ; hacks and light harness horses, Ll2 to L 22 ; very inferior, L 5 to LB. We have a capital demand for well-grown, decently-bred upstanding geldings, for cab, coach, or hack purposes, with none in the market. Country Sale.—On Tuesday, at the Tinwald Yards, we held our usual fortnightly sale of stock, &c. Our entries for the day comprised 2,074 sheep, 46 head of cattle, and 3 horses. There was a limited attendance, owing to the wet weather, but we succeeded in disposing of the whole of the sheep and horses, and most of the cattle, at highly satisfactory values. Messrs. J. T. Ford and Co. report on the live stock market for the week ending Thursday, May, 27, 1880, as follows The supply sent forward to the Addington Yards on Wednesday comprised 4,838 sheep, 344 head of cattlo, and 79 pigs. Prices remain at 2d. per lb. for mutton, and from IGs. to 20s. per lOOlbs. for beef. Store sheep of all classes are in excellent demand, crossbreds for grazing purposes fetching from 7s. Gd. to Bs. Gd., and ewes (crossbreds) in lamb to long-woolled rams, at from Bs. 6d. to 9s. each. Merino ewes from 4s. Cd. to ss. Gd. each. Hoggets, from Gs. to 7s. Gd. each, according to size, condition, and quality. Fat sheep moved off pretty freely, but the cattle sale was a perfect drug from beginning to end. On Thursday last we held a clearing sale at Methven, on account of Messrs. Gunn Bros. Stores brought from L 35 to L3B each. Drays, from Ll2 to Ll 4 each, and farm implements at satisfactory prices. On Saturday we submitted for various owners, Messrs. Maxwell and Mathias and others, 30 head of draught and light harness horses, and succeeded in placing a good few at from LlB to L 32 each. Messrs. Acland, Campbell and Co. report on the live stock market for the week ending Thursday, 27tli May, as follows :—On Wednesday, at the Addington yards, there was a smaller entry of sheep than we have had for some time, owing, no doubt, to the wet weather, only 4,838 being yarded. There were several lines of excellent butchers’ sheep • entered, but, in spite of the limited supply, there was very little, if any, advance on last week’s prices. Our quotations are—For best crossbreds, heavyweights, 11s. Gd. to 135.; medium, 9s. to 10s. Gd. ; inferior, Bs. ; one line of merino ewes, good quality, Gs. lOd. The few crossbred stoves in were placed at late rates. Cattle yarded-—There was a. good supply of butcher’s cattle of really first-class quality, but the market was one of the worst we have had for some time, very little of the best quality fetching more than IGs. per lOOlbs., averaging about 15s. The market for stores were also dull, and sales were only effected at prices slightly lower than late quotations. On Tuesday we held the usual monthly sale of live stock at Tinwald. There was a large entry of sheep, all of which found buyers at market rates. The market for cattle was very dull, and sales were only effected with difficulty. After the sale of live stock we offered a number of sections in the township of Chelmsford, situated about six miles from Tinwald, on the Ashburton-MountjSomers railway. The sale was highly satisfactory, all the sections offered being placed at prices ranging from L 5 to Lll 10s. for quarter acres. The remainder of the sections will be offered at Ashburton on Tuesday, the Bth June. CHRISTCHURCH COEN EXCHANGE. Christchurch Corn Exchange. The following is the Christchurch Corn Exchange Report for the week ending Friday evening, the 28th May, 1880 : The condition of the market for the past week is precisely what it has been for some time past. There is no improvement to note. The market for all classes of grain is extremely heavy. Supply is in excess of demand in nearly all kinds of produce. Good milling wheat and short oats will find a good market, but at

very low fig ires. The most recent advices from Home are not more reassuring than formerly, hence buyers are chary. Wheat—Good sound milling wheat will find a market at 3s. 6d. per bushel, second quality ranges from 2s. Cd. to 3s. 4d. per bushel. Chick wheat still continues in large supply, and does not meet with a ready sale, Is. 9d. to 2s. 4d. being the prices at which business can be transacted. Oats—For good short milling oats a market can be found at Is.. 4d. per bushel, f.0.b.; feed samples at from Is. to Is. 4d., according to quality. Barley.—The market still continues well supplied, with an indifferent demand. The prices quoted last week may be again repeated, but it must be borne in mind that sales are difficult to effect at the rates quoted, and the quality is the great desideratum. Fair to good malting samples range from 2s. 6d. to 3s. 4d. per bushel ; feed samples are almost unsaleable, prices nominal. Potatoes are moving slowly. Sales are taking place at 255. to 20s. per ton, at stations within a few miles of Christchurch, sacks extra. Grass seed. —There is no change to note in the value of this article of produce. The demand is very limited, while the supply is abundant. The quality, however, as a rule is very indifferent, and at best times would be difficult to place. Good heavy seed, well cleaned, is worth 2s. 6d. to 2s. lOd. per bushel. Cheese and Butter.— 4d. to 4|d. for the former, and Bid. to 9d. for the latter.

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COMMERCIAL. Ashburton Guardian, Volume 1, Issue 106, 29 May 1880

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