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COMMERCIAL.

The amount of revenue collected at tho Custom-house on goods cleared to-day for consumption was LI 01015s Bd. Mr John M'Lonnan, of the Oroua Downs Estate, has supplied tho * Rangitikei Advocate ’ with information showing the great advantage to be derived by development of the frozen moat industry. In March last he sent Home 992 sheep per s.s, Tongariro, and he has furnished ns with particulars of the sales, from which we learn that they produced a gross yield of 1.1,442 15s 3.1, or LI 9j Id per bead. Tho 092 carcasses realised in London L 1,292 10s sd. Tho fat and hides were disposed of in the colony for Ll5O 4s lOd The charges amounted to L 730 13 1 9i, made up as follows -.—Primage, insurance, freezing, and bags, L 605 3s sd; and expenses in Loudon. L 123 10s 4d. Tho not total received was L 712 Is Gd, equal to 14s 4 ; } d a head on the station, which is an excellent price, and far above what he could have obtained locally at the time of the shipment. STOCK AND STATION REPORT. Mr Donald Stronach (on behalf of the New Zealand Loan and Mercantile Agency Company, Limited) reports for the week ended August 7 as follows

Store Cattle.—The market continues inactive, and until tie spring grass begins to make Us appearance there will bo very little business transacted in this line of any consequence. At the same time there are a few graziers, who s»ill have some winter feed, purchasing in small lots when suitable cattle are offering, simply to replace those disposed of to the butcher from time to time. Store Sheep.—The business done m these now is unimportant. The scarcity of winter feed has lately had a depressing influence on the raaiket, and until the advent of more genial weather, with fresh feed, transactions will be confined to very limited numbers. Wool.—Since last reporting we have not been favored with anything new affecting the market Reports from the manufacturing districts both in England and on the Continent continue to ba of a satisfactory character, and point to a large and increasing consumption of the raw material. On the whole, the prospects seem to be very encouraging, tho general opinion being that trade is in a very healthy state and prices obtaining at the last sales likely to be mauntained to the close of the year. Locally* the business done is chiefly confined to the disposal of fellraongers’ lots, which are in good demand, and realise prices comparing very favorably with those obtaining for similar quality at the last series of colonial wool sales at Home. During the week we placed 100 bales washed and slipe cross-bred ot a satisfactory price. Sheepskins.—There was a good attendance at Tuesday’s auction, when we submitted a very full catalogue. Competition was very brisk and general results were very satisfactory, prices at the close being about on a par with those ruling on the previous Tuesday. Good heavy green skins, both cross-bred and merino, werem good demand, and realised full rates. Country dried skins also received excellent attention, and for which very full prices were secured, Country dry cross-breds, inferior to medium, brought Is 2d to 3s 9d; do do merino, Is Id to 3s 7d; medium to full-woolled cross-breds, 3s lOd to 6s 9d; do do merino, 3s 8d to 5s 6d! dry pelts, 3d to Is; butchers’ green cross-breds, best, 5s lOd, 5s Bd, 5a 6d, 6s 4d, 6s 2d, ss, 4s lid, 4s 9d. 4s 7d; good to medium and inferior, 4b 6d, 4s 3d, 4s Id, 3s lid, 3s Bd, 3s 6d, 3s 3d, 3s, 2s 9d; green merinos, 4s 3d, 4s Id, 3s lOd, 8s Bd, 3s 6d, Ss 4d, 3s Id; lambskins, 4s 4d, 4s Id, 3s 9d, 3s ?d, 3s sd, 3s 3d,

Rabbitskins. These continue in good demand, and all coming to hand for public sale are briskly competed for, especially well-furred winter skins, properly dried and classed; inferior to medium and good are easily disposed of, being always saleable at full rates. Reports to hand of the sales held in London last week are not so satisfactory. Although the offerings were small there was no advance in price, which would almost lead to the conclusion that the supply on hand must bo ample for trade requirements; and, at the next sales, with tho offerings much larger, the indications arc that late prices will not be maintained. While tho local market continues so firm, holders would do well to forward their collections at once, and avail themselves of the opportunity at present offering for realising prices that by-and-bye may not be obtainable. On Tuesday we offered a moderate catalogue, when all tho buyers were in attendance, and the eagerness displayed in bidding, especially for choice lots, was most remarkable, resulting in veiy satisfactory prices being obtained, which compared favorably with those previously ruling. We quote suckers and half-grown, 2.Jd to 4d; summers, 5d to 8J; black-and-fawn, 7d to 9J ; fair ordinary to good gieys, lOd to 14 Id ; prime thin pelted, 15cl t > 166 per lb. Hides,—A moderate demand exists; but while we have no difficulty in disposing of all consignments coming to hand, prices show no improvement, and until a healthy demand springs up for export the market incst of necessity continue weak. We quote drysaltcd heavy weights, in fruitless comlition, 2W to 2Jd: extra prime, 3d ; medium, 2Jd to 2Jd ; light, 2d to 2Jd ; inferior, IVI to IJ.I per lb. Tallow.—There are not many lines of prime rendered offering. Inferior to medium is in moderate supply, with a ready sale at quotations. Butchers’ rough fat is in good request, and selling freely at late quotations. We quote prime rendered mutton, 19s to 20s ; medium to good, IGstolSs; inferior and mixed, 12s 6d to Ins; rough fat-clean fresh caul 13s Cd to I*3, inferior to medium and good 9s Cd to 13s per cwt.

Grain.-Wheat: Tho local market if anything is weaker; but, as there is hardly any arriving, any small sales that have taken place are ex store, and at prices well up to last week’s quotations. Millers are, however, not anxious to buy further than small superior lines for mixing off; in medium quality sales are difficult to effect; while fowls’ wheat, whole and dry, is readily saleable at full rates. Quotations are: For prime milling, red straw and Tuscan, 3s 8d to 3s 9d ; Tuscan, 3s 10.1 to 4s ; medium to good, 3s 3d to 3s 6d ; inferior and fowls’wheat, 2s to 3s (ex store).—Oats: The market at present is somewhat void of animation ; there is no demand for export, and the small sales being effected are to tbe local millers, who are only buying sparingly, and the very best they can procure. An idea prevails, however, that a little further on a reaction must set in. when it will b) discovered that tho supply wll be no more than sufficient for all requirements, and, provided sales ate not forced, that satisfactory prices will still be obtained. Wo quote prime milling, 2s !)d to 2s 106; best short bright feed, nominal, 2s 7d to 2s 8.1; medium, 2s 5d to 2s 6jd ; Danish and long Tartars, clem and fit for seed, sell in odd small lots at 3s to 3s 3d (sacks extra, ox store). — Barley : This week there is hardly any business passing. The bulk of the samples offering are only medium, and for tills dcsoiiption there is no sale. Maltsters are by this time pretty well supplied, and will not offer for any unless tbe quality is extra prime. We quote prime malting, nominal, 3s 76 to 3.i 9d; medium, 3s 3d to 3s 56 ; feed and milling, 2s to 3a 2J (ex store) —Ryegrass Seed: A moderate amount of business is parting in machine-dressed perennial, and an increased demand is certain to set in as the spring advances. We quote machine-dressed 4s *o 4s 6d, undressed 3s to 3s 9d; Poverty Bay, 5a 6d to 7s (ex s’ore). —Cocksfoot is moving off slowly, but will have stronger inquiry further on. We quote best 46 to 4Jd, inferior to medium 2:] i to 3J6 prr lb. Potatoes.—These have been cffeiing move freely during the past week, and if anything the market is now weaker, and sales more difficult to effect at late rites. We quote: For Northern, free from frost, 95-i to 100 a; Southern —best 80s to 90s, inferior to medium 30s to 75s (sacks included). Dairy Produce.—Stocks of both cheese and butter are still heavy, and, in the absence of a sate factory outside market, business is almost at a standstill. Quotations nominal.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890807.2.29

Bibliographic details

COMMERCIAL., Issue 7979, 7 August 1889

Word Count
1,450

COMMERCIAL. Issue 7979, 7 August 1889

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