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COMMERCIAL., Issue 7991, 21 August 1889
The amount of revenue collected at tbe Custom-house on goods cleared to-day for consumption was Ll.OlB 4s Bd. STOCK AND STATION REPORT. Mr Donald Stronacb (on behalf of tho New Zealand Loan and Mercantile Agency Company, Limited) reports for tho week ended August 21 as follows: — Fat Cattle. —209 bead were yarded at Burnside Saleynrds to-day for the week’s requirements, quality ranging from ordinary to good and prime. Competition was only moderately active, prices realised showing little or no improvement on last week’s rates. Best bullock" brought L 7 17s 61 to 19 10s: medium, LG to L 7 7s 0-i; inferior and light, 13 17s 61 to L 5 15s; cowp, from L 217« Gd to L 7 13s 6d We sold on aosount of sevsral vendors cows from LG to LG 17s Gd. Fat Sheep —An cxceptionally-largo number came forward for this dry’s market - viz, 5,297 of which about 300 were mcrinoes, the rest cross breds, representing all qualities. This number proved a long way too many for requirements, and, notwithstanding that a few extra prime pens of cross bred wethers brought prices in advance of last week’s, on the whole prices obtains I to-day were Is 61 to 2s per head lower, and even then several lots were turned out unsold. Rest oroas-bred wethers brought 13* OJ to 15s 9J, one or two pons 16s to 16s 6d; ordinary, 8s Gd to 18s 31; best crofs-bred ewes, 11a to 14s 6d ; ordinary, 6s 91 to 10s 6d ; merino wethers, 7s 3J to 9s Gd. We sold 105 c oss-bred wethers at 15s 9d, S3 at 15s 6d, 105 at 14s 9.1. 70 at 14s GJ, 35 at 13s lid, 34 at 13s 91, and 40 at 11s 91. Pigs.— l7s were penned, comprising the usual variety. A fairly good demand was experienced, the lot finding buyers at about equsl to late rates. Suckers brought 7s Gd to 12s ; stores, 18s to 23i Gd; porkers, 2Gs to 335; bacon era, 42s to 52 r. Wo sold 10 at 255. IS at 20.*, 9 at 19j, 9 at 18s, 3 at 17s, and 1 at IGs Gd. Store Cattle.—At tbe moment there is but little inquiry for these, The market in consequence continues weak, and sales made, either privately or at public auction, are on a small scale; bub the rimo is not far distant when an improved dexand ir sure to be experienced, resultirg in considerable business. Store Sheep.—The market for this class of stock is quiet, and, with the oxcepticn of odd lots of cross-bredp, limited in number, changing hands at intervale, there is nothing tf any consequence passing. Wool.—By the San F*anciaca mail we are in receipt ef priced catalogues from June IS (tbe opening day) to July 10 of the third series of ooloniri wool sales in London, confirming cablegrams received at the time with regard to the progress of these sales. Our London circular, received at the same time, reports as follows : “ The position established very shortly after tho opening cf the series has, with comparatively slight variations, bean maintained up to the present date, notwithstanding the exceptionally heavy catalogue submitted each day. At the commencement and during ihe earlier part of the sales, Home buyer* purchased with the greatest freedom, whilst the German and French sections operated with more caution. At a later date French buyers competed more freely than at the opening, with the result that wools suited to their wants showed a correspondingly-hardening tendency. On the other hand, when tho more pressing needs of the Home trade were satisfied there was for a time less eagerness in the bidding for certain descriptions whioh were in full supply, leading to a perceptible irregularity in prices. Coarse cross-bred*, for examp’o, te wards the close of tbe a coml week of the series ruled slightly in buyers’ favor, and though the easier tone, so far a* regards greasy descriptions, fubsrquently di-appeared, scoured sorts barely support opening rates. Amtric-rn buyers operated during tbe currsnt series with some amount of freedom, and their competition has not been witbout its effect upon the value of wool suited to the United States’ requirements. On the whole the pro'pccts are decidedly encouraging, and should the present promise of good hxires's in this country and throughout Wes'ern Europe befulfillcd, it is not unreasonable to suppose that tbe woollen iu-du-try, in common with trade generally, wuuld thereby receive an additional stimulus.” Sheepskins.—These, as usual, command good attention, all descriptions being in excellent request. At our regular weekly auction sale on Tuesday there was a large attendance of buyers, all the members of the trade being present, when we (ffered a very lengthy catalogue, comprising a variety of classes, but tho bulk of which were town and country butchers’ green skins. Competition was spirited for all classes, the finer wools having tho most attention; other sorts were also in good demand; but no doubt owing to tho supply at tho Refrigerating Works being somewhat on the increase lately bnyers find it less difficult to procure sufficient for their wer-kly requirements, and seem therefore disinclined in the meantime to operate at prices showing ary advance on prices ruling during the last two or three weeks, except where spcc : al lots are brought forward. Country dry emss-breds, inferior to medium, fetch Is 2d to 3r 9.1; do do merino, Is Is to 3s 7-1; medium to full-woollcd cro's-breds, 3s lOd to 7s fid; do do merino, SsSlloa* 0.1; dry pelts. 2d to Is: butchers’ green cross-breds, be t, Bs 9d. 5s Bd. 5s 7d. 5s sd, 5s 31, as, 4s 9d; good to medium a r d inferior, 4< 7d, 4" 4d, 4s Id, 3s lOd, 3s Bd, 3.t sd. 3s 2d; green merinnes, 4s 6d, 4s 4d, 4r, 3s 10d, 3s Bd, 3s 51, 3s Id, 2s 9d. Rabbitskins.—An excellent demand exists for these. The auction sales are well attended, and competition runs high for late secured skins, properly dried, well furred, and free from stains. Others are also in fair request The supply, though on the increase, seems to bo still a long way short of requirements, but while it is apparent that buyers have large orders on hand, owing to the tone of the Home market at the last sales, they are unwilling to operate except at prices in sympathy with those now current in the London market, and which leave but little margh), if any, on prices obtaining here at present. On Tuesday we offered a moderate catalogue, when all tho buyers in the trade were present. Competition was very satisfactory, and prices showed a slight advance. Wc quote suckers and half-grown 2d to 4d ; summers, 5d to 8d; black and fawn, 7d to 9d; fair ordinary to good greys, 10.1 tol4M; b=st winter grevs, full furred a* d thin pelts, 15d to 16d per lb; extra prime a shade more. Hides.—We have no change to report in the position of the market, which continues moderately active. A fair demand exi-ti. chiefly from local manufacturers. The supply is still fully equal to requirements, and in the absence of an improvement in the demand for export prices are not likely to advance. We quote dry pal ted prime-conditioned heavy weights, 2?d to 3d; medium, 2£d to light, 2d to 2|d ; inferior. IJd to l|d per lb. Tiltew.—There is no alteration to note in the tore of the market, A good demand continues to exist for both tallow and rough fat. Local manufacturers absorb all available supplies. Stocks hero are light, and the quantity offering limited; so that with a continuation of tho present firm tone of the London market the indications are in favor of sellers. Wo quote prime tendered mutton, 19s to 20s; medium to good, 16s to 18s ; inferior and mixed, 12s 6d to 15s; rough fat-f<r o’oan fresh mutton caul 13s Gd to 14?, inferior to med um and good 9s to 13s per cwt. Grain.—Wheat: The operations of (he past week Lave not in any way infu-ed any fresh feature for the better in the tone of the market. The small sales being effected are confined te prime quality only; medium quality has no demand, and is difficult to quit at very little over good fowl wheat; the latter has a fair demand, but tho supply is in excess of requirements, We quote prime milling red straw and velvet, 3r 6il to 3s 8d; Tuscan, 3s 9d to 3s lOd; medium to good (nominal), 3s 3d to 3s 5d 5 inferior to good whole fowls’ ,wheat, 2s 3d to 3s (ex store).—Oats: The market this
week shows some signs of lm|irovefl , etit. A re : action is just beginning to set in, and we have do doubt but this will become more pronounced as stocks in tho Austra ian markets are somewhat further reduced, Sales have been effected during the week at Id to IJI higher than could have been obteiiaed last week. iSome holders, however, being under tbe impression that the limited quantity still in store will not be tuflident for requirement*, arc not forcing sales, which, if all did, would certainly influence prices in favor of speculators and against the grower. We quote best bright milling 2s 8d to 2s 91; best short bright feed, 2s ”d to 2i 8J ; medium, 2s 6d to 2s 7d (ex store, sacks extra) —Barley ; There is no b siness of any consequence passing in this cereal. For m ilting only extra prime eamp’es have any attention to speak of; and, with tho exception of small paresis occasionally required for milline-, there is no demand for ary olboraort. Wo quote prime malting at 3s 7d to 3s fld; medium, nominally 3s 3d to 3j 51; feed and milling, 2s to 3* 2d (ex store, sacks extra.) Crass Seed Ryegrass: A quiet demand prevail', and should tho weather continue favorable stocks on band will have a speedy clearance. Wo quote local-grown machinedres'ed at 4s to 4s Gd ; undressed, 3s to 3r 9d ; Poverty Bay, 5s 01 to 7s (ex store, sacks extra )—Cocksfoot is moving off slowly, and we expret an increased demand. Quotations are—for best, 4d to 4id; inferior to medium, 2fd to 3ijd per lb. Potatoes, —The market has been somewhat dull during the past week, and prices are, if anything, rather easier; but there is an impression prevailing that prices will be higher within a very short time. We quote prime northern 90s to 95; southern, b;»t, 70s to 80s; inferior to medium, 35s to Gss per ton. Dairv Produce.—This market continues depressed, and, owing to the absence of suffiriont inducements to export, stocks are not diminishing. At present very little is doing in either cheese or butter. Quotations nominal.
COMMERCIAL., Issue 7991, 21 August 1889
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