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COMMERCIAL.

The amount of revenue collected at the Custom-house on foods cleared to-day for consumption was L 1,600 12b lOd.

STOCK AND’ STATION REPORT.

Mr Donald Stronach (on behalf of the New Zealand Loan and Mercantile Agency Company, Limited) reports for the week ended July 3, as follows:—

Fat Cattle.—For to-day’s market at Burnside only 97 head came forward. These consisted chiefly of medium quality, bullocks and heifers, with a few pens extra prime quality. The sales opened with a good demand and fair competition, which continued to the finish, ptices realised showing an advance of from 15s to 20s per head on last week’s rates. Best

bullocks brot.ghfc.Lß los , *?. S to L 7 15s, inferior and light L 4 10s to lo os P 2B2'V'ere penned, consisting of 880 merinoTs and 2,902 croUed .The latter were made up by all sorts of V" l *** eluded a few pens very fine wethers, ile demand was only moderately active. Pncei for medium quality, both ewes and wethers were a s> ade easier than last week, and only that several graziers operated a heavy drop would have to be recorded. Prime wethers, however, fit for freezing were bought for export at equal to late rates. Best cross-bred wethers brought 13s fid to lbs, ordinary 11s 6d to 13s 3d; best oross-bredewes 10s 6d to 14s, ordinary 7s 3d to 10s 3d, merino wethers, 7s to 14a. We sold on account of Messrs Ross Bros. (Bushy Park) and others cross-bred wethers from 12s 3d to 11s do. Fat Lambs.—Only 13 penned medium quality, and sold at 7s 6d. , Pigs.—There was only a small number to band to-day-viz., 88. all sorts. Porkers and baconers had the usual good demand, while suckers and stores had less attention. Suckers brought 8a to Us; stores, 13a to 21s; porkers, 30a to 36a ; baconers 41s to 51s, one or two heavy weights 61s to 675. Store Cattle.—With the exception of a few odd lots disposed of privately, there is very little business passing in this line. The scarcity of feed, owing to the severe frosts experienced lately, will have a tendency to further weaken tho demand J and, while a limited number of full-grown steers (in forward condition for finishing off on turnips) will be occasionally required, we do not anticipate very much demand till further on in the season. Store Sheep.—A few lots of small compass still change hands, but the bulk of this season s transactions are by this time wound up, and any sales effected from henceforth will be comparatively unimportant. Wool.—Cablegrams, both public and private, continue to record a very satisfactory market for wool at the sales now in progress at Home. We are in receipt of the following telegram from our London office, dated 28th June ; “Since opening of the silos superior greasy merino and fine greasy cross-bred advanced $4 per lb; scoured advanced Jd to Id per lb; others unchanged, _ though fully maintaining ilie prices nrileg va May. BotK Homo and. foreign buyers are competing freely. Since the opening 142,000 bales have been sold, fully twothirds of which havebeen taken for export.” Our London circular (to hand last week per San Francisco mail), of date May 18, reports the progress of previous series at the resumption of the auctions after the Easter recess as follows “ There was a full attendance of buyers, and it at once became evident that they were prepared to operate freely at the level of values already established. The sales progressed steadily up to the close, and at their termination the position, as compared with the closing rates of the preceding sciies was as follows: Good combing greasy merino. Id per lb advance ; good clothing do do, Jd to Id; medium and inferior combing and clothing, do do, jd to Id ; scoured merino, Id to Ijd ; fine cross-bred greasy Id to lid, medium do do, sd, coarse do do par. The general tone of tho market was satisfactory throughout Trade advices continue to be very encouraging, and point to the existence, both in this country and on the Continent, of an active consumptive demand.” Considering the above report, also the rapidity with which the wool at the current series is being disposed of, there can be no doubt but that the wool market is in a very healthy state, and the prospects seem good for the remainder of the year. Sheepskins,—lnfluenced no doubt by the satisfactory tone of the wool market at ffome, an active demand is experienced. The large catalogue brought forward at our auction on Monday attracted a very full attendance of the trade, who competed with spirit. Best crossbreds and merinocs, both gre°n and dry, had marked attention; while inferior, sloppy, and dirty green skins were in less demand, and fetched lower prices. Country dry rross-breds, inferior to medium, brought Is Id to 3s 8d; do do merino, Is 2d to 3s 8d; medium to fullwoolled cross-breds. 3s lOd to 7s Id; do do merino, 3s 9d to ss; dry pelts, _4d to lid; butchers' green cross-breds for special purposes 6s 9.1, 6< 6d. 6s 3d. 5s 9d, 5s fid, fellmongers’ beat 5a 3d, ss, 4a lOd, 4s Bd, 4s sd, 4< 2d, good to medium and inferior 3s 9d, 3s 7d, 3s sd, 3s 3d, 3a, green merinoes 4s, 3a lOd, 8s Bd, 3s sd, 3s 2d, 3s, 2s 9d, 2 a fid. Babbitslrins. —The local market _ continues active, but consignments still continue light. Late rates are firmly maintained, and for boat winter skins an advance )s obtained. Quotations are—for best winter greys, selected does, 15Jd to 16d; mixed bucks and does, 13idto 15d ; autumn and early winter grbys, 8d to Is; summer skins, 5d to 7d; suckers and halfgrown, 2Jd to 4d por lb. Hides.—ln the absence of inducements to export shippers are unable to operate, and the supply being fully more than is actually required for local consumption, the market in consequence continues flat, snd at present shows no indication of an immediate improvement. We quote as last: -Dry-salted carefully-flayed heavy weights 2|d, mediums 2|d to 2Jd, light 2d to 2Jd, inferior lsd to Ifd per lb. Tallow.—The market remains unchanged. A fairly good demand is experienced, and all coming forward are readily placed, chiefly for local requirements; and at late rates, at auction on Monday, we placed medium to good tallow at 19i to 20s, medium to good mixed beef and mutton fat at 12a to 12s fid per owt. Grain. —Wheat: The market shows no signs of any improvement, in fact it is painfully evident that tho reveise is the case. The bulk of the stock in store is from the South, and while millers are suitably supplied day by day from the North, they are careless about touching southern growth and at the prices demanded at present bv growers shippers are unable to operate. We give last week’s quotations at which small lots aro disposed of, but the quantity sold does not amount to much. For prime northern red straw and velvet 3s 8d to 3s lOd, Tuscan 4s, medium to good 3s 3d, inferior and good whole fowls’ wheat 2s 3d t' 3s (ex store).—Oats: The market has remained inactive during the past week, owing to tho absence of orders for shipment. At the same time there aro buyers, but at considerably lower prices than those quoted lately, which most holders are unwilling to accept, considering the small stocks held and the five months or more yet to run before tho new crop is available. We give prices offered: For bright stout milling, 2s 9Jd to 2s 10^d; best short bright feed 2s 8d to 2s 9Jd, medium 2s fid to 2s 7d (ex store). Only small lines can be purchased at those prices.—Barley: The business done in this cereal is exceedingly small. L'nes soitahle for shipment aro not .easily obtained, and maltsters cannot be induced to buy unless the sample is exceptionally fine. The demand for feed and milling is also dull. We quote prime malting (nominal) 3s 7d to 3s 9d, medium to good 3s 31 to 3s fid; feed and milling 2s 9d to 3s (ox store). Grass Seed.—Ryegrass seed is beginning to move off in limited parcels, and is evidently at this early part of the season drawing considerably more attention than it did at the same time during the past couple of years, which is of itself significant. A large business could bo done if holders were only willing to accept prices quoted in Apdl. Meantime, sellers’ and buyers’ ideas of values differ so much that it is somewhat difficult to give reliable quotations. Cocksfoot is also inquired for, but not to the same extent and for which we quote prime clean seed to 4d, medium 2d to per lb. Potatoes.—Southern growth are offering more freely, but owing to a considerable amount of damage being done by frost buyers are shy, and decline to purchase except at very much lower prices, the range at auction last week being 25s to 755. Northern continue in fair demand without any improvement in l value; price remaining about the same as last week. Dairy Produce.—The demand for both cheese and butter at the moment is somewhat flat, more especially for the latter, which, unless extra prime, is scarcely marketable. Quotations nominal.

[By Telegbaph.] Sydney, July 3 —The wheat market ia very dull. Chick feed, 3a 4d to 3a 6d ; New Zealand milling (nominal), 3a lid to 4a 3d- Flour: Stone-made, LlO 10a; roller-made, 110 15a to 111 sa. Oats are easy at 2a lOd to 3s Id. Prime maize ia scarce at 3a 3d; inferior samples, 2a 6d. Barley: Cape, 3« to 3s 4d. Bran ia quiet at llljd to la. Pollard, dull at la Id. Chaff: New Zealand oaten, L 6 10a per ton. Potatoes; There are no New Zealand aorta on the spot, the nominal quotation beinz L4l6a; Circular Heads, L 5 10a. Onions: Victorian, L22perton. Onions from New Zealand have been landed in bad condition. Butter; Quotations are unaltered, though firmer. The best quality of imported newly-made is separatormade, lOdtols; dairy-made, fid to 9d. The cheese market is glutted; quotations, 5Jd to 7d. Bacon, to 7£d, and plentiful. JjBI/BODBNE, July 3.— The grain market is quiet. Wheat (nominal), 5a 7d. Flour: Stonemade, Lll 10s; roller-made, Ll2 and upwards. Oats steady, at 4s 3d. Maize, 4s, Barley (quiet): Prime New Zealand malting, 5s 8d ; Cape, 4a. Bran, Is 3d. Peaa, 4a IOJd. Sugars: Rations, L 27155; greyish whites, L 34. Adelaide, July 3.—Wheat (quiet): Farmers lots, 4s 9d; shipping parcels, 4s lOd. Flour: Stone-made, Lll; roller ditto. Ll2. Oats. 4s 3d to 4s 4d, and fair inquiry. Barley: Malting, 4s 3d to ss. Bran, lljd to Is. Pollard, la 2Jd to Is 3d.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890703.2.20

Bibliographic details

COMMERCIAL., Issue 7949, 3 July 1889

Word Count
1,799

COMMERCIAL. Issue 7949, 3 July 1889

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