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COMMERCIAL., Issue 7943, 26 June 1889
The amount of revenue collected at the Custom-house on poods oleared to-day for oon'umpt'oi wafl L1,8291053d.
STOCK AND STATION REPORT.
Mr Donald Stronach (on behalf of the New Zealand Loan and Mercantile Agency Company, Limited) reports for the week ended June 26, as follows! —
Store Cattle.—There is littlo or no alteration in the position of the market with respect to these. The demmd is lacking in animation, buyers pref erring to pay more attention to sheep than continue to give prices for cattle which invariably result in anything but satisfactory returns, after all the trouble taken anr! the feed expended in finishing up for the fat market. There are odd lots changing hands from time to time, but tho business donoi j limited, and from this time forward, well in to the spring at any rate, pales will be few. Store Sheep.—Tho business passing now is unimportant. The demand Is limited, there being only an occasional inquiry for small lots su'table for putting on turnips. Wool.— Fcvorable advices continue to reach us regarding the progress of tho third Beries of London sales, and no doubt will be satisfactory tn all concerned. The advance established at the opeiing in the price of merino and fine halfbreds has been maintained, w'th further signs of prices going still higher ; other descriptions are firm at closing rates of tho previous serie 3 , and apparently showing indications of improvement. The attendance continues good, and tho demand on foreign account particularly uctive. There is very little business now transacted in the local market, the past season's clip being all cleared out some time since. Fellmongers' lots are occasionally offered, and meet with a very good demand, always realising fair rates. During the past few days we sold i privately 120 ba'es slipe cross-bred at a satisfao--1 tory price,
Slerpjkiiiß.—At our public auction on Muiiday we had tin? umiivl attendance of buyers, nil of which evinced a keener desire to operate, and competed with (spirit for every lot on the catalogue : and, iiritwilbiitiindinjf the sloppy eondition.of sr.niii ol the green td;ins, uUotlie quality which hardly came up to that of l:i:<t Wi-i-li'm supply, prices iodised for these showed a slight advance. Dry skins were also in keen demand, and brought higher prices. Country dry crossbreds, inferior to medium, brought Is 2d to 'M lid ; do do merino Is 3d to 3< 9d ; medium to fnll-woolled cross-breds 4i to 7a ; do do merino 4s to 5s fid ; dry pelts 3d to Is ; butchers' green cross-breds—best (not including picked lots for matmaking) s>, 4s lOd, 4s 8d 4s fid, 4541, 4a 2d, 4s, good to medium and inferior 3rlod, 3s Bd. 3s fid, 3< 51; green merinos 3r lid. :'.< 9.1, :U Gd, 3s 3d, .'is, 2s lid ; lambskins 3s to 3s U<l. . , Rabbitßkins. —An excellent demand exists for all lots offered at auction. Buyers aro prepared to operate to a considerable extent, and although consignments aro slightly increasing, ths supply ui) to the moment does not by a long way meet trade requirements. While competition continues so active rabbitors and other ho!deis would do well to consider the present tone of the market, affording, as it does, an opportunity to realise, rather than risk the fluctuations periodically experienced. Advices to hand from the London market with respect to the public sales hold there last week do not point to an exceedingly kpen demand prevailing, and whileJd per lb advance was obtained for best sorts, when fuller supplies are o.i Mm m.vket it is questionable whether this sl'ght rise can bo maintained. This weok we offered a moderate catilogu", which elicited keen competition, and prices obtained in some instances more than comparing favorably with thoe obtainii g in Lond m. We sold 17 ba'oH and 10 bags sucker*, and half-grown brought HI to 4^l; summer, fid to 7d ; autumn, 7d to 9'rd ; early winter, 14^1; black and fawn, 7d to B,}d per lb. Hides.—This market continues veiy depressed, and falei can only be efftcted at prices very much below thore that have be n current for a very considerable time. Try silted carefully flayed heavy weight-, bint' up to 2:f;l (occasionally'3d), medium 2J.1 to2*d, Tght 2d to IJ3, ir.feiior and bulls' I.VI to Ijjd per lb Tallow —A very good local demand exists, and all consignments c mingto band find ready sale at quotations, which are as follows: - Prime mutton 19j Gd to 21s, nr dium to good lGstolfb, inferior and mixed 12s fid to 15a; rough fat—clean fresh mutton caul 13s to 14*. inferior to medium and good !b Cd to 12s 9(1 per c *t. Grain.—Wheat: The business passing during the week has been quite trivial, confined to the supplying < f local millers' requirement", which are not by any means extensive, and, until sellers aro prepared to accept prices more in accord with those now current further north, there ib very little chance of making sales of any consequence. Adverse reports from all quarters intensify the depression, and nurchascrs cannot bo induced to operate at late quotations, Feeing no prospect whatever of any improvement that would justify them in speculating. A very fair demand has been experieixed for fowls' wheat; but. during the past week, supplies have increased, which renders it more di Hi cult to effect sales at prices lately obtaining. Wo quote prime Northern, red straw, and velvet 3s 8d to 3s lOd, Tuscan 4s; medium to good 3* 5d to 3s 7d. inferior to medium 2s Gd to 3s3d(rx store).—Oats : There is no mate-ial alteration in the position of the market sinco last reporting. Owing to the heavy shipments gono forward to the Australian markets lately, orders for further supplies have in the meantlma eased off somewhat ; at the s-une time, there are buyers at a slight concession on rates obtaining a fortnight sinco. Millers content to work off present stocks, and, unless under very exceptional circumstances, decline to operato at the figures obtaining lately. Sellers, however, aro not over anxious to quit except at full rates, and are still under tho impression that these will bo mainta'ned. Wo quoto best bright milling. 2s 10-Ad to 2s 11-1; bebt short feed 2s 9id t) 2s lOJil, medium to good 2i RAd to 2s 9Ad, Interior to medium 2r 7(1 to 2s Si: long sorts not fit for seed, 2s fid to 2s 8d : small lots for seed (and the quantity is indeed limited) aro occasionally disposed of at from 3< to 3s fid, accordirg to description an! cor.ditkn.—ll rley : The markit continues dull and tho business transact.-d limited. Wo quote prime malting Ps 7d ti 3s 9d medium to gnrrt 3s 3d to 3s fid ; feed and milling, 2i !ld to "i 3d (i-x store). t!rass seeds. Ryegrass seed seems to be more in<iuiif<l for, anil there aro indications of a biisk demand being experienced era long, ami the impression is gaining ground that prerent stocks will be run out long before requirements aie sati fied. Quotations nominal. Cocksfoot seed : Although occasionally asked for, very small quintities only are disposed of at, for primo, 3Ad to 11, medium 2d to 3,j.l per lb. Potatoes.—Tho demand is only moderately active. At present the supply is quite sufficient for requirements. Southern are more difficult to phco at recent quotations, while Northern maintaiu their value. We quote the latter at 85s to 87s fi.l, and the former at 723 Gd to 80s per ton. Dairy Produce. P.utter, owing to tho absenco of orders for export, lias Jess inquiiy, and although ttocks are not very heavy, sales aro difficult to effect, at a considerable reduction on lato rates, especially if the quality is not prime.—Cheese idiows no improvement in piice, but stocks are being wrckly r. duced, ar.d thero is very little on hand now for export.
MINING NOTES. It hj stated by the Rcefton ' Guardian ' that an oft'cr lias been made on behalf of an English syndicate to purchace the Keep it-Dark mine for I/AOOO, njaal to L 3 p<r shve, half cash and half in shares in a new company of 100,000 Rhares. Mr 0. Y. Fell, nolicitor, of Nelson, has full powers to act on behalf of the London capitalists. A choice titbit of reading for those interested in mining will bo found in the following, culled from the half-yearly repoi t cf the directors of tl c ce'ebratf dMountMorgan Company, Queensland: —" The receipts for the half-year ended 31st May wore L 707.735 7s 21, which include L 15.496 carried over fr»m last half year. The proceeds of the sale of gold wero LG91.840, and bundry other receipts L4OO. <">ut of this dividends to the amount cf 1.575,000 have been declared, carrjing forward to next half-year L 14.502 The total yitld of gold from the mine from July 1, 188(5, toliay 31 of the present year, that is ono year a. r <\ eleven months, was 383,4810z, of the actual value of L 1,582,509 lis 2d."
COMMERCIAL., Issue 7943, 26 June 1889
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