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COMMERCIAL.

The amount of revenue collected at the Custom-house on prnnds oln.arod to-day for contrtimption was 1A.026 4a Bd. MINING NOTE. The Shotovor Bit? Beach Company havo received intimation that their dredge is wojking splendidly, and that for the washing up yesterday 420z of amalgam were produced by two days' dredging. According to previous results this will give over 30oz of retorted gold. : THE LONDON MARKETS. The New Zealand Loan and Mercantile Agency Company have received the following cablegram from their London office, dated 23rd inst:—" Wheat: The weather i* unfavorable for the crop hero. The market is firm. New Zealand f.a.q is worth, c.i.f. off coast, 35a per 4801b. New Zealand average is worth 353 per 49J1b." STOCK AND STATION REPORT. Mr Donald Stronach (on behalf of the New Zealand Loan and Mercantile Agency Comnany, Limited) reports for the week ended July 24 as follows: — Fat |Cattle.—The number to hand this day at Burnside for the week's requirements was less by about ono half last week's entry, only 145 head being yarded, ranging from very medium to good and prim?. Prime beef had the most attention and realised prices about equal to late rates; ordinary was not so well competed for, and prices were a shudo e: s".er. Beat bullocks brought L 8 10s to LlO 10*: medium, L 6 15s to L7l'7» 6d ; inferior and L 3 10 i to L 515?. Cows from 13 5s to L 7 7s 6J. Fat Bh<-ep. 4,220 were penned, including about 400 merino wethers, the rest cross-bred, a good proportion of which we'e wethers, and on the whole good to prime qnality. There was a good attendance of the trade, who competed fairly active. There was also Fomo demand for export. There was little or no alteration in value for sheep suitable for export, but medium quality was in Ipfs demand, and sold at slightly lower prices. Best crossbred wethers brought 14s to 15s, one pen extra heavy, 163 3d; ordinarv. 9i 3d to 13s 6d ; best cross-bred ewes, lis 3d to 13s 3d: ordinary, 6s 6d to 10s 6d ; merino wethers, 5s 9d to lis 3d. Wo sold on account of Mews Ross Bros. (Bußhy Park) and others cross-bred wethers and ewes at quotations. Fat Lamb?.—Only 60 were penned, and these were sold at 8s to 9s 6d. Pigs.—-Thero was a small entry of these to-day, only 89 bping penned, comprising a few of all sorts. Suckers, stores, and porkers had a fair demand, but baconers were slightly easier. Suckers brought 6s 6d to 12s; stores, 17a to 23a; porkers, 25s to 345; baconers, 40s to 51s, a few extra heavy to 61s. Store Cattle.—A few of these change hands; in the meantime, however, thpre is very little animation in thn market. At the Burnside saleyards any offering do not fail to find purchasers, and invariably at prices relatively higher than those obtaining for fat. Store Sheep.—There are no sales of any consequence now effected. The only business coming under notice at present is confiped to occasional purchases of lines not suitable for killing at the Burnside saleyards, and which are not likely to leave much margin to buyerr.

Land Sales.-—Dnr'ng the week we sold at a satisfactory price the last agricultural section {l3O acres) of the Merino Downs Estate. Thiß estate, which comprised in all about 23,000 acres, is now disposrd of with the pxreption of a few small township sections at Pukerau, which are still In the market.

Wool.—Since the cablegrams to band reporting tho close of the colonial wool sales in London last week there is nothing new to chronicle. The mail via Pan Francis™ confirms tho satisfactory information to band bv cablegrams, remarking that the foreign markets a™ strong, and the wool situation at Home and abroad is such as to denoto a firm market fur some time. At auction this week we plscpd several pircels of back-country greasy wool, and also privately 80 bales washed and sliped cross-bred at a satisfactory price.

Sheepskins. —An alteration has been considered desirable in tbe mode of submitting these by auction to the trade, instead of each auctioneer selling in his turn at his own rooms on Mondays. The skins, as usual, are catalogued on that day, and the buyers have up to two o'olock on Tuesday to value. At that hour all tbe sales are lipid in one room, each auctioneer taking his turn as he may be placed. Accordingly the sales were held on Tuesday in the above fashion, when a full attendance of the trade was present. A very good demand was experienced, and biddings spirited. AU tho catalogues were cleared, dry skins fetching equal to late rates, while green skins, with the exception of spot lots, were scarcely so firm. Count" dry cross-breds, low to medium, brought Is 2d to 3i 9d ; do do m rino, Is 3d to 3i 7d : medium to full-woolled cross-bWs, 3s 10d to 6° 3d ; do do merino. 3s 8d to 5s 9d : dry pelts 2d. to Is Id; butchers' grepn crnss-brcrfs—best. 6s 2d. 6s, 5s 9d, 53 7d, 5s sd, 5s 3d, ss, 4- 9r>: pood to medium and inferior, 4s Id, 3s lid, Ss lOd, 3* 7d, 3s 6d. 3s 4d ; green mprinoes, 4s. 3s 9d. 3s 6d, 3s 4d, 3s; lambskins, 33 7d, 3s 3d, 3?, 2s 9d, 2s 7d. Kabbitssins,—An active demand is experipneed, but tho supply still continues light. There is a market for almost an nn'imitpd number and at equal to late rates. All descriptions are saleable, the auction room being well attendfd by all in the trade, who compete briskly for all offerod. We quote suckers and half-grown at 2sd to 4d ; summers, 5d to 8d ; black and fawn, 7d to 9d ; fair ordinary to good greys, lOd to 14§d; prime thin pelted, 15i to 16d per lb. Hides,—The market continues Bteady. Ml coming to hand are freely taken up. but in the continued absence of a demand for export, prices show no improvement. The tone is weaker, more especially with respect to indifferently flayed and light bides. We quote dry salted bides (hpavy wpl7ht.». sound and in perfect condition), 2id to 2?d, 3d on occasions, but rare; medium. 2|d to 2Jd; light, 2d to 2£d; inferior, lsd to ljd per lb..

Tallow.—There is no alteration to report in the operations of the past week. The supply is moderate, and all offering find a ready sale. It is satisfactory to notice the Home market firm, and slightly advancing. Our London office advises by cablegram as follows:—"There is a good demand Good_mntton tallow is worth 27s 6d; good beef do, 2os 9d per cwt. Wo quote prime rendered mutton, 19s to 21s; medinm to cood, 16a to 18s; inferior and mixed. 12s 6d to 15s; rou<rh fat—be«t caul, 13s to 14s; inferior to medium and good, 9s 6d to 12s 9d per cwt."

Grain,—Wheat: The demand for wheat of any clasi is exceedingly restricted. Millers are operating with increased caution, and only purchasing in satisfaction of thei* immediate requirements. Second-class milling has no attention whatever for local use, and it is becoming more apparent day by day that until sellers are prepared to meet buyers for shipment, very little headway can be made in the disposal of this class. Fowls' wheat has a fair demand, and all offered at market value is eaßily placed. We quote prime milling velvet and red straw, 3s 8d to 3s 9d ; Tuscan, S* 10s to 4s; medium to good, 8s 3d to 3s fid ; inferior and whole fowls' wheat, 2s to 3s (ex store).— Oats: The market this week has shown less animation, and the business transacted has been unimportant. Both the Sydney and Melbourne markets are receding, and while sellers here adhere tolaterates, which are now relatively higher than thoije obtaining elsewhere, shippers are unable to operate in the meantime; but an impression still prevails that present light ptocks will not he sufficient for requirements. Anyhow, it is searcbly probable that any very alteration will be experienced in the price this season. Wo quote prime milling, stout and bright, 2s 9d to 2s lOd ; best Bhorfc britrht feed, 2s 7d to 2b 8d; medium, 2s 5d to 2s 7d; lines for reed occasionally Ss to 3s 3d sacks extra (ex store) Barley is only in very limited demand, and for maltingonly thecnoiceit samples have any attention. Milling is occasionally inquired for, while feed is only saleable at prices much below thope of oats. We quote prime malting, 3s 7d to Ss 9d; medium, 3s 3d to 3» 5d j feed and milling, 2s 3d to 33 2d (ex store). Grass Seeds,—Ryegrass seed has an improved demand and moving off slowly, and as the season advances the demand will be more pronounced. We quote best machine-dressed 4s to 4s 6d; undressed, 3s to 3s 9d. Ooob>foot in good supply, but slow of sale, at for best 4d to 4Jd; inferior to medium, 2|d to 3|d per lb. Potatoes.—Owing to deliveries being on a moderate scale, the market continues firm and prices fully maintained. Best Northern axe

worth 90s to 95a; beat Southern, 82a 6d to 87b Od; inferior, 30a to 65s per ton. Dairy Produce. —We have no improvement to report in the tone of the market, which continues dull and unsatisfactory. Both cheese and butter are dull of sale. Quotations nominal.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18890724.2.25

Bibliographic details

COMMERCIAL., Evening Star, Issue 7967, 24 July 1889

Word Count
1,564

COMMERCIAL. Evening Star, Issue 7967, 24 July 1889

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