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COMMERCIAL., Issue 8003, 4 September 1889
The amount of revenue collected at the Custom-house on goods cleared to-'Uy for nongumption "'as; ■— Customs, L 1,229 4s lid; primage, L 75 12a 44 ; —total, L 1,304 17s 3d. The total amount of Customs revenue collected in the colony for the first five months of the financial year amounts to 1.593,618. STOCK AND STATION REPORT. Mr Donald Stronach (on behalf of tho New Zealand Loan and Mercantile Agency Company, Limited) reports for the week ended September 4 as follows s Fat Cattle,—lo3 head were yarded at the Burnside saleyards for this day’s sales, very few of which were prime, the greater portion only ordinary. Although this number was only about half the entry presented last week, there was no improvement in the demand, prices realised showing no apparent advance on those obtaining then. Best bullocks brought L 7 to L 8 ss, two or three pens extra prime a shade more ; medium, Lslos to LG 15s ; inferior and light, L 3 7s 6d to L 5 2s 6d ; cows, from L2 15s to L - Wo sold five pei s cows at quotations. Fat Sheep.—3,2s4 were penned, of which about 400 were merinoos, the rest cross-breds, ranging in quality from medium to good and prime. The sales dragged considerably at the commencement, but improved slightly towards the close. Ordinary quality had a poor demand, and prices obtaining for such were again lower, while prime heavy wethers and ewes fetched about equal to last week’s rates. On the whole the market was about the dullest of the season. Best cross-bred welhera brought 13s to 15s 9d, one pen 10s; ordinary, Bs6dto 10s fid; light, 6s 6d to 7s 9d; best cross-bred ewes, lls to 14s ; ordinary, 6s to 10a 6d; merino wethers, 5a 9d to 7s 9d. We sold, on account of various clients, cross-bred wethers from 13a 3d to lls. Pigp. —221 were penned, representing all sorts. The demand to-day was only moderately active, and prices all through were in favor of buyers. Suckers brought 8s to 13s; stores, 15s to 245; porkers, 26s to 35a ; baconera, 38a to 475, extra heavy to 575. Store Cattle.—There is no change of any consequence to report in regard to the position of the market, which continues, as invariably is the case at this season of the year, somewhat dull. The scarcity of feed ia the main cause for the inactivity prevailing; further on, however, the market is certain to assume a different aspect. , . Store Sheep.—The few graziers who have more than sufficient feed for the stock on hand have bmn taking advantage of the glut'ed markets at Burnside during the past three or four weeks and cl aring off all unsuitable for the trade, and at prices which cannot but be very unsatisfactory to the vendors. B yond these transactions there is little of impoitanoe passing. ... Wool. —There are no further advices as to the position of tho market in London, but it is satisfactory to note that operations at the Antwerp, sales now in progress are marked by general
firmness and by a rise in some descriptions. We have the following telegram from our London office, dated 30th August: “The Antwerp sales are higher. Australian wools have advanced H per lb.” This augurs well for the fourth series of colonial wools, commencing in London a fortnight hence, and, provided that the strike there at present does not grow to alarming proportions and interfere with the woollen industry, the prospects seem to ho encouraging. Last year the total quantity availab'e in tho September sales was about 230,000 bales. The same figure may be readied this year, if all the delayed Darling biver wools arrive in time. But more probably the net quantity will bo something between 20!),000 ami 220,000 bales, of which about 40,000 bales are Cape. Sheepskins.—There was a very full attendance of the trade at the Central Auction booms on Tuesday, and, although the weather was somewhat inclement, under the influence of favorable wool advices from Home competition was very keen for all sorts. Fine combing cross-bred and merino skins, both dry and green, had special attention, and brought prices considerably over those of last week; all others showed an advance also. Good catalogues were presented, and the whole wore cleared out at very satisfactory prices. Country dry cross-hreds, inferior to medium, brought Is 4d to 3-i lOd ; do do merino, Is 3d to 3s 9d ; medium to full-woolledcross-hreds, 4i to 9s; do do merino, 3s lOd to 7s fid; dry pelts, 2.1 to Is 2d; butchers’ green cross-hreds—best, Cs 3d, Gs Id, 5s lOd, 5s Bd, 5s 6d, 5s 3d. 5s Id; good to medium, fs, 4s lOd, 4s Bd, 4s fid, 4s 4d, 4s Id, 3s lid ; green merinoes, Gs. 5s 9d, 5s 7d, 5s 41, ss, 4s lOd, 4s 7d, 4s sd, 4s 3d. Rabbitskins. These continue in excellent demand, and tho numerous consignments n >w coining to hand for publii sale are meeting with very satisfactory attention, especially well got up lots; and any clear skins without spots, thin pelts and full-furred, are eagerly competed for. It is surmised that shippers arc in possession of fresh orders, and in order to complete these before tho season is much further advanced prices are now paid which will possibly not bo obtainable when their consignments are drawing to a close. There was a very full attendance of buyers at the Central Auction Rooms on Tuesday, when the proceedings were very lively, prices realised (comparing quality with last week’s) showing an advance, we offered a good catalogue, every lot of which was disnosed of at satisfactory rates hast reaching 17Ad per lb. Wc quote heat winter greys, thin pelted, clear of spots, Ifiijd to 174 d ; good to prime, 15:1 to 16d; ordinary, Is to 14id; summers, 5d to 81 ; suckers and half grown, 2d to 4d; black and fawn, 7d to 10id per lb. Hides.—ln the absence of suitable markets outside, the depression prevailing here for some time still continues, and at tb: moment the prospect of an improvement in price seems somewhat remote We have no alteration to make in last week’s quotations, which we repeat; For dry salted heavy weights, free from scars end offal, 2jd to 3d; medium, 2 : } dto 2Jd; light, 2d to 2Jd ; inferior, IJd to IJd per lb. Tallow.—lt is satisfactory to note that prices at Home continue firm and quoted higher, and will no doubt tend to not only maintain, but to put up prices t ere in sympathy with those obtaining in London. Meantime wo quote prime rendered mutton 19s to 20a; medium to good, IGs to 18s; infciior and mixed, 12s fid to 15s; rough fat, best mutton caul. 13s Od to 14a; inferior to medium and good, 9s to 13s per cwt. Grain.—Wheat: Tho ordinary demand for local requirements continues to exist, but nothing further, and, with only a limited output from our mills, the sales effected arc extremely small. A large proportion of the Southern wheat would, if the market were bare, bo taken up freely and no fault found ; but when so much Northern is offering at prices equal to these demanded for Southern, the latter has no buyers except _at prices unsatisfactory to growers It is difficult to predict tho future of the market, but tho outlook at present does not seem promising. We quote good to prime mill ins, 3s fid to 3s 9d; medium to good, nominal, 3s 3d to 3s 5i : inferior to good whole fowls’ wheat, 2s 9d t 0 3s 3,1 (ex store).—Oats : A moderate demand exisfa for these. Speculators are disposed to operate, hut they ora not inclined to give prices lately quoted, and to effect salts of parcels of ordinary dimensions a reduction on late rates would have to bo submitted to. Prime milling, bright and stout, are now in small compass, hut the consumption is limited. The demand for oatmeal having in tho meantime aim oat ceased, millers are only buying to supply actual requirements. Quotations ate—For snout bright milling, 2s SJd to 2a 9Jd ; best short feed, 2s fid to 2a 7d; medium to good, 2a 5d to 2s fid; inferior to medium, 2a 4dto2ssd(ex store; sacks extra). —Barley is in no demand of any consequence. The tone of the market is exceedingly dull, especially in respect to ordinary malting aorta, which are offering freely. Extra prime would no doubt meet with some attention, hut there is none offering. Quotations are for prime malting, 3a 7d to 3a 9d ; medium, nominal, 3a 3d. to 3a 51; feed and milling, 2a to 2a 9J (cx store; sacks extra). Grass Seed. The demand for ryegrass is gradually increasing, and, considering the moderate stocks on hand, present quotations are likely to bo maintained, which we give nsfollow; For local-grown machine-dressed, 4a 3d to 4a 9d ; undressed, 3s 3d to 4s; Poverty Bay, 5s fid to 7s 'ex store ; sacks extra). Cocksfoot: The market is fully stocked, and at the moment the demand is limited, although further on an improvement is anticipated. Quotations are — tor machine-dressed, 41 to 4\-1 ; inferior to medium and good, 2jd to 3Jd per Ih. Potatoes.—There is no improvement to bo reported in the position of the market, which continues dragging. The business done is only to a limited extent. Holders are evidently more anxious to quit and buyers leas disposed to operate, only purchasing to meet immediate requirements. Wo quote best Northern, 90a to 955; medium, 80s to 85a ; Southern best, 70s to 75s per ton. Dairy Produce. —The raaiket remains quiet, and at tho moment shows no immediate signs of improvement, Small sales are being made for local requirements of prime salt butter at 5d to fid ; prime factory cheese at 4£d to 54d per lb But the quantity disposed of in this way will not reduce stocks on hands to any appreciable extent, MINING NOTES.
Mr Walter Hid op, chairman of directors of the Orrcsus Consolidated Quartz Mining Company (Nenthorn), yesterday a telegram advising that a new reef carrying good geld, and quite distinct from the lode now being worked, has been discovered in the company’s ground. Shotover Big Beach Gold Mining Company pay a second dividend of LI per share on Monday. The fame of Croydon (Queensland) is fast being eclipsed! The population has dwindled from 9,0C0 to 1,500. and still they go. The miners won’t work for less than L 4 a week, and the mine owners say that as their properties are not so profitable as they used to be they will not give more than L 3 12s. The men are out on strike, and as neither party seems inclined to give way the field suffers from loss of population through the deadlock. THE SEW HOY BIG BEACH GOLD MINING company (shotover). With this issue is published the prospectus of the Sew Hoy Big Beach Gold Mining Company, Limited, which has been formed to work the claim of the Shotover Big Beach Company and three other adjoining claims, in all about 260 acres in area. It is the success of the Big Beach claim which has led to the formation of all the dredging companies that have been lately put on the market, and tho hope of equally rich returns that has induced so many investors to take shares. The uniformly good returns from the present dredge have not satisfied the directors of the Big Beach Company; and, although they are earning over L2OO pet week, ground proved to be richer than that worked by tho dredge has to be passed by, owing to the fact that the present ladder will not reach the bottom of tho wash-dirt. Plans and specifications for larger and better dredges have been prepared, and tenders will be at once called for the construction of four of them. The new ground tested by the company has been found to yield as much as Idwt of gold to the dish of wash-dirt; and when it is known that the present dividends are being earned from ground giving less than sgr per ton the rich future in store for the new company becomes apparent. The Dunedin brokers of the new company are Messrs R. and A. J. Park, A. G. Fenwick, and Thomas Grose, and we are informed that already over a third of tho shares have been applied for. The directors have determined, we believe, to accede to a request to place a number of shares at tho disposal of the Melbourne public. THE LONDON MARKETS. The New Zealand Loan and Mercantile Agency Company have received the following cablegram from their London office, dated 3rd inst. 11 Wheat: Tho market is very weak. New Zealand (f.a.q , c i.f., to arrive off coast) has declined 6d per 4801b since last report. There is no demand.—Frozen meat: Mutton market dull. Canterbury is worth sJ|d per lb; Wellington, 5Jd per lb. Beef market quiet.”
COMMERCIAL., Issue 8003, 4 September 1889
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