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COMMERCIAL.

The amount of revenue collected at the Custom-house on ("-'hlr cleared to-day for consumption was L 9 7 BJ. The actual text of the resolution carried at the meeting of Messrs and Proctor’s creditors on Monday was ; to adjourn the meeting until Friday, so that the debtors might have a. chance of making au offer for the estate; Messrs Davie and H. 8. Jones to look into tho estate in the meantime and report to the adjourned meeting. Tho house of Mr Alfred Isaacs, at Rorauera, a suburb of Auckland, and the grounds comprising about ten acres, have been purchased by Mr B, Whitty, M.H.F. Tho price is stated to be somewhere between L5.0C0 and L6.0C0. An Auckland telegram states that tho Colonial Sugar Company’s Nos. 1 and 2 sugars have been advanced in price L2, and No. 3 LI 10s, The local retailers at Wellington have in contequer.ee of tho rise increased the price by Jd per lb on all quantities. STOCK AND STATION REPORT. Mr Donald Strouach (on behalf of the Now Zealand Loan and Mercantile Agency Company, Limited) reports for the week ended Juno 12, as follows

Fat Cattle,—l7Bhead were yardid it Burn de for this day’s market represenling all qualities. This number was rather in excess of actual requirements. Competition was only moderately active, more especially for medium quality. Prime beef was In rather better demand, but on the whole prices realised were below last week's. Best bullocks brought L 7 os to L 8 ss, one or two pens extra prime 18 16a to L 9 .medium to good L 5 10s to LG 15s, Inferior and light L 3 17s Cd to L 5 15s ; cows in proportion. Fat Sheep.—B.Gßs were penned, of which about 200 were merino wether.-, the balance cro'B-bred, including a larger proportion of wethers than usually to hand. There was liltlo or uo demand f r export, and this number being a long way in excess of trade requirements, competition lacked spirit, resulting In a decline of from Is to Is Gd per bead, and only for graz'ers operating to a certain extent a very much heavier reduction would have to bn recorded. Best croee-bred wethers brought 18s to 14s od, one or two small pens stags 17s to 21s, ordinary 10s to 12» fid, beet cross-bred owes 10s Gl to 17s Gd, ordinary SrtoKh; merino wethers, 7s to 8s GJ. Wo Bold on account of Mr Thomas Wilson (Opora) mixed oioss-breds to 10s 9d; Messrs Ross Bros. (Bushy Park) oresf-bred ewes to 8s 31. Fat Lambs.—Only 131 came to hand, good to prime, which sold at 5s Gd to 10s 9J. Pigs.—299 were penned, comprising the usual mixture, A very fair demand was experienced, all selling at about late rates. Puckers brought 7s Gd to 9s; stores, 14a GJ to 21s Gd ; porkore, 26a to 335; baconers, 38s to 5Gs; heavy weights, t > Gss.

Store Cattle.—There is no alteration of any consequence to note in the demand for these; while a few change hsn Is, graziers aro not inclined to operate to any great extent, eatufyinz their requirements only when an opportunity presents, and at prices which have hitherto, although considered unsatisfactory to dealers, left them nothing for fattening, Tho supply la evidently far in excess of requirements, end is likely to continue so while there Is so little demand for prfraa beef for export. Store Sheep.—The market is now less active, tho bulk of tho sheep for disposal having been placed by this time. Odd lots are still changing hands. Young cross-bred wether", at convenient distances, could bo yet placed without any difficulty; but suitable lines of this doscrip tion are not easily picked up. Aged merinos havn very little attention. A few sales of soundmouthed ewes and wethers are occasionally effected ; but, owing to the fluctuations in the price of tallow, there is not much Inquiry for sheep for boiling down. Wool.—Latest cablegrams from Homo advise that there is every indication of tho wool sales to commence on the 18th inst. in London opening very firm.—On Monday we offered a small catalogue of oddments, when competition was keen, and, cons’dering the quality, very satisfactory prices we-o r- - aliped, which are as follows :—Z. 1 bale creasy half-bred, 9d; do, Ido do cro.'s-brcd, 7|l; do, 1 do do merino part cross-bred, 8^1; do, Ido do bellies and pieces, sid; do, 1 fadge greasy pieces, (id ; do, 2 bags greasy locks part black. 2j;d ; A, 1 bag greasy cross-bred part black, 7*d; YZ, 2 bags greasy looks, Id per lb. Sheepskins,—Wo held our regular weekly auction sale on Monday, when we submitted a very heavy catalogue, comprising tho usual assortment of both country dry and local butchers’ green skinr. There was a god attendance of buyers, nearly all the representatives of tho trade being pr-’sent, and competed spiritedly for all tho lots catalogued. All sorts were in excellent demand, prices realised being quite up to lato rates. Country dry cross breds, low to medium, brought Is 4d to 3s 9d, do do merino Is 5d to 8s Gel; medium to full-woolled crossbreds 3s lOd to 7s 9J, do do merino 3b 7d to 5s Cd ; dry pelts, 3d to Is 2d ; butchers’ green orpfls-brcis—best, 4s lOd, 4s 9d, 4s 7d. 4s od, 4b 3d, 4s, 3s 9J, good to medium and inferior 3 s fid, 3s Gd, Ss sd, 3r 4d, 3s 3d : green merino, 2s fid to Ss 8d; lambskins, 3b sd, 3s 3d, 3s 2d, 3b, 2b lOd.

Rabbikkirs.—The supply la still small and comes a long way short of present requirements. The demand is exceedingly satisfactory; at the public auctions competition is excellent. All the offerings are cleared under the hammer at an advance on late rates. Latest saved have the most attention. Wo quoto fair ord'nary to pood, Is to Is 5d to 9d, according to quality; suckers and half* grown, 2d to 4d per lb. Hides. —Owing to the continued depression existing so long at Home and elsewhere, shippers have no inducement to operate even at the low rates now obtaining; and while local manufacturers feel disposed to purchase, _ to samo cau°e, they are unable to give prices ruling lately. A fair demand exists for local requirements, but (he tone Af the market is decidedly weaker and prices lower. Quotations are: For heavy weights 2 : }<\ to .‘ll (the latter price only for picked hides), medium 2J d to 2)d, light 2d to 2sd. interior and bulls’ lid to l?d per lb. Tallow.—A steady local demand continues to exist, but there is very little doing in shipping lines. There is no alteration to note in values, and in the meantime we see no indications of an immediate advance at heme. At the auction rooms competition is fairly active, _ and all offered is disposed of at prices comparing favorably with those obtaining in the London market. Quotations arc: For prime rendered mutt.»n 19a 6d to 21s, medium to good 16s to 19s, inferior and mixed 12a 6d to 15r; rough fat—clean mutton caul 13s to 14s, inferior and medium to good 9s 6d to 12s 9d per owt. On Monday wo sold at auction : 3 bags fat at 9s 6,1,1 do do at 12s, 3 do do at 12s Cd, 4 do do at 13a 6d, 1 do do at 14s; 2 drums very inferior tallow at 9s, 1 tin do at 12a 6d, 10 do do at ISa, 2 do medium do at X6a 6d, 3 do do at 17»

j (Id, 3 casks do at 18) 6d, 3 do do at 19s Gd, and 3 bags do at 19s Cd p< r cwt. Grain,—Wheat: Sincj last report the market luh not under"me any changj fur the better—rather tho reverse. Business throughout the week has been very quiet. Several linos of really prime quality bavo bren offered, but buye s arc willing to operate only at a considerable reduction on lato rates. Grower?, however, in the meantime, arc not disposed to make any concessions, preferring to hold a little longer. At the moment tho prospect of any improvement seems doubtful, The Northern markets are dlooping, and prices r ceding weekly. The following are simply the prices obtained during the week for tho small lots disp'.teil of, but at which it wi uld In hardly possible to plsco mediumsized lines—viz ,f. r prime Northern velvet and Tu can, 3s 101 to -D ; medium (for which there is ecarc'y any demand), 3j (VI to 3.; 91; inferior to medium, 2b 9d to 3b -Id (ex store). —

Oat): Whi'o the market continues very fi. in, buyers for export appear to bo less disposed to increase p ctc-nt stocks ; while on the other hand the local millers are buying freely, and «t slightly Lig! cr prices, especially when tho quality in prime, thii.-ikiuuod, dry, full, and bright. In tho meantime, however, it is consider;, dsornew ha* doth ful if any fur t'ueradvanco i: likely to ho obtained. Quotations are; For best bight milling, 2) to 3b; best short feel 2) 10-Vil to 2s lid, medium to good 2-r 9Jjd to 2b 10d, inferior to medium 2s 7j 1 to 2s 9d (ex store).—Barley is only in vny moderate demand, and prices show no improvement. Wo quote prime malting 3r 8d to 3s 9d, medium 2a 9d to 81 6d (ex store). Grasi Seeds.—At present buyers show no dispoait'on to operate, bat when the reason comes round a good buriuosu will be done, and at remunerative prices tu present holders, particularly in ryegrass, which is considered to be low i r stock. Quotations nomil at. Potatoon—The market is slightly hardening, and prices have an upward tendency. Quotrt'ons are : For prime Northern, 85s to 87s Gd ; Southern, 77s Gd to S2j Gd per ton. Dairy Produce.—Tho market for both butter and cheese remains quiet in tho meantime at lato quotations. THE AUSTRALIAN MARKETS, [Br Electric Telegraph.—Copyright.) [Per Press Associate) I Sydney. June 12, The wheat market is very dull. Holders’ quotations ore as follow: —Californian, 4s 4d to 4s Gd; New Zealand, 4s Gd to 4s 8d ; Adelaide, 5s Id to 53 3d. New Zealand sorts aro rather weaker on the whole. Sales of New Zealand milling have been effected at 4r3d. Chick is quoted at 3s Cd. Flour is at the following quotations :—New Zealand stone-made, 1.9 15s to Ll.O 10b; rollermade, Llolss to Lll IQ). The oat market is glutted. Best feed is nominally nt 2« lid to 3s 2d; seed at 3s sd. Ma'z;-, off sorts, are at 2s Gd ; prime quality, 3b 31. Tl.aro is a large demand for, but a good supply of, barley. Cape is at 3s to 8s 44. A limited rrquest is observed in bran, which rules at Is to la Id. Pollard Is easier, at Is Id to 1» 2JJ. Potatoes are easier. New Zealand are quoted at L4to L 4 ss; Circular Hoad, at L 4 10s t) L 4 15s. Iq onions the market is dull and heavily stocked. Quotations, Ll7 10a to LI 8. Tho butter market is glutted. The produce of local dairies is at Is to Is Id ; factory-made, Is 3|d; New Zealand dairy-made (new), Gd to 9d ; separator-made (new), 10J to Is. Tho chose market is also glutted. New Zealand-made is at 6J to Sid. New Zealand bacon rules at from 9d to lOd ; New Zca'and ham 0 . Is. Melbourne, June 12. Wheat: Prime milling, 5s 7d. Flour is quiet. Stone-made is at Lll 15*; roller-made, Ll3 ss. Oats: Victorian, 4; IJd; New Zealand, stout, 4s 3d. Farley : Cape is at 4s l.jd ; malting, 5s 7d, Bran, le 3d. Peas are bri-k at 5a to 5s Bd. Sugars are brink at L 27 5s to L 29 for greys and whites. A delude, Juno 12. The wli'at market hj quiet, and the outlook is not sufliciently probable ts to warrant specu’ation, consequently operations are rtitrictcd to band-to-moulb bueiuers. Farmers’ lots at outpoits ar c at 4s 7d to 4j fid ; farmers’ lots at Pert Adelaide, 4s 91; parcels, 4s 10J to 4s lid. Flour: Foiler-made, Lll 5s to LI 2, Bran is at 1 If J to Is. Pollard, Is Id to Is 2d.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890612.2.25

Bibliographic details

COMMERCIAL., Issue 7931, 12 June 1889

Word Count
2,039

COMMERCIAL. Issue 7931, 12 June 1889

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