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COMMERCIAL., Issue 8027, 2 October 1889
The amount of revenue collected at tho Custom-house on goods cleared t.o-<l a y for <"'nsumption va«—Customs, L 1,427 2s lid; primage, L 25 16s lOd ; total, L 1,402 19s 9d. Cable advices received by a mercantile firm in Wellincton announce a rise of L 3 10s per ton in rice. Tho reason for this serious advance in value (says the ‘ Post ’) will no doubt be found in the cable news as to serious floods in China. During the September quarter 165 males and 76 females arrived at Port Chalmers from the United Kingdom, 2 males from New South Wales, and 1 from New York; making a total of 244. The departures during the same period were 5 males and 2 females for the United Kingdom. STOCK AND STATION REPORT. Mr Donald Stronach (on behalf of the New Zealand Loan and Mercantile Agency Company, Limited) reports for the week ended October 2 as follows: — Fat Cattle,—lß9 head were yarded for th : s day’s market, about one-half of which were prime quality, medium to heavy weights ; tho balance were light steers, very ordinary beef. Bidding was brisk, all sorts realising satisfactory prices. Best bullecks brought 18 17s fid to LlO 17s 61; a few pens extra prime. Lll 10a to Ll3 15s ; medium. L 6 10s to L 8 ; light and inferior, L 4 15s to LG 5s ; cows from L 3 5s to L 717 a Gd. Fat yhcep.—3,29s were penned, of which 350 were merinoes, all the rest cross-breds, about equal proportions wethers and ewes, representing all qualities. Theie was a fair demand experienced, and competition moderately brisk, especially at the commencement, but slackened towards the close. Taking the sales all round, there was very little difference in prices from last week. Best cross-bred wethers brought 14s 3d to 16s 3d (one extra prime Routhdowns, 17s); ordinary to good, 10s fid to 14s; best cross-bred ewes, 12s 9d to 14s 9d; ordinary to good, 8s Gd to 12s Gd; merino wethers, 6s6d to 9s. We sold on account of Mr William Dobbin (Meiburnl, cross-bred wethers at 16s to 15s 9d, cross-bred ewes to 14s 9d; Mr Alexander Duller, cross-bred wethers to 16s 3d; Mr M’Kellar (Brooksdale), cross-bred wethers at 15a 3d to 14s 9d, and cross-bred owes to 10 s 3d; Mr D. A. Cameron (Faasifern), mixed crossbreds to 14s 9d; merino ewes and wethers at quotations Lambs —lO2 were penned. Best had a very good demand, and s-dd at 15s to 17s Gd; inferior to medium, 4s 3d to 11s. Pigs.—l7s were penned, and all sold under the hammer at prices equal to those ruling last week; suckers realising Os 6d to 11°, stores 13s 61 to 255, porkers 29s to 355, bacon crs S9ifo 52s 6d. Store Cattle.—The market is still quiet, and, although there is some inquiry, tho season is hardly far enough advanced to allow of any business just yet of any importance; but, should tho weather continue favorable, in tho course of the next two or three weeks we expect to see the market assume a more active tone.
Store Sheep.—The market at the moment is almost at a standstill. There are hardly any offering now direct, and the small business done is confined to odd lots taken up when the Burnside market is overcrowded and prices suitable to buyers. We do not anticipate that very much business will be tran-aoted in this lino during the next two or three months. Wool.—The London sales are progressing under favorable conditions. Private and Press tdograms advise that the improvement lately reported has become still more marked. Greasy merino has advanced id per lb since close of last sales; scoured do has advanced Sd to Id ; fine scoured cross-bred has advanced Jd to Id: coarse do nearly Id per lb; other descriptions unchanged. The market is evidently in a healthy condition, and unless disturbed by unfo eseen occurrences, appirent'y there is every prospect of satisfactory prices being maintained during the course of the scries. Locally all offered meet with an excellent demand, and very satisfactory prices aro being realised, whether disposed of by public auction or privately. During the present week we plneerl privately eighty boles washed and sliuo cross uud half-bred at full i ores.
Sheepskins.—Owing mainly, no doubt, to the favorableadvicesresiularlyot mingtoband regard ing the progress of tho series of wool sales now being held iu London, Tuesday’s sales were well attended, and; in the absence of the usual supplies at tho freezing work-', owing to a stoppage for periodical repairs, a much keener demand was experienced. We submitted a catalogue of considerable length, which elicited very active competition, All sorts were in strong reques 1 . Dr]) skins comrhandod fuller attention, and we would recommend our clients forwarding their supplies at the'r earliest convenience. The market generally is displaying a firmer tone; fine combing half-bred and merino have the_ preference, apd an advance on these was quite apparent. Country dry cross - bred?, low to medium, brought Is 5d to 4s; do do merino, Is 3d to 4s Id : medium to full-woolled pross-breds. 4s 3d to 8s 2d ; do do merino, 4a 2d to 6s 3d ; dry pelts, 3s to Is 3d ; batchers’ g'een. cross-breds, best, Bs, 7s lOd, 7s Gd, 7s sd, 7s 3J, 7s Id, 6s lid, 6< 8\ 6s 6d, 6? 3d ; pood to medium and inferior, <-s, 5s 91, 5s 7d, 5s 44, 5s Id, ss, 4 s 9d; green rnerinoee. 5s 9.1. 5s 6(1, 5s 4d, 5s 2d, ss, 4s 9d, 4s 7d, 4s 4d, 4s 2d.
Rabbitskios.- There is no change to repoftin the marked Advices received lately of. a rise in price at Home have not had much effect on values locally, while shippers appear to be quite anxious to secure a share of all offering, and compete spiritedly up to late rates ; they have not enough confidence in tho future of the market to justify them in giving more._ Consignments now are becoming less extensive, and the greater proportion poor skins. We offered a moderate catalogue on Tuesday, when all the buyers were present, and a good demand experienced, and quote prime winter 15Jd to 17W; ordinary, Is to 14|d ; inferior and summers, 5(1 to 7d ; suckers, 2d to 4d; black and fawn, 7d to lOd per lb. Hides, The market is unchanged. A moderate demand continues to exist. Prices remain steady at about equal to those obtaining during the past few months. There is some inquiry for heavy hides for export, but these not being available in suitable quantities no business of any consequence is resulting. We quote extra heavy selected, 2Jd to 3d ; heavy, 21td to 2gd; medium, 2Jd to 1; light, 2d to 2|d ; inferior. IJd to li|d per lb, Ta'low.—There is little change to repoit, the business of the past week being transacted on tho basis of the previous one, A good demand continues to exist; all available lots are readily disposed of. A slight inquiry exists for t-liip-ment, but the bulk of tho production is taken up by our local manufacturers at prices in sympathy with those obtaining in London, We quote prime rendered mutton, 19a to _2oa; medium to good, 16a to 18s; inferior and mixed, 12s 6d to 15s ; rough fat, best caul, 13s to 13s 6d ; inferior to medium and good, 9s to 12s 6d per owt, Grain—Wheat; Transactions during the past week have been few and unimportant. Late cablegrams to hand advise that the English market has an upward tendency, Continental is advancing, and that the_ American is also changing for the better. This is so far satisfactory, but at our late quotations shippers would still be unable to operate, and considering the quantity now held in agents’ hands, about 140 000 bushels, with further additions almost daily, will be more than sufficient for local requirements; the balance must cf necessity be shipped, and in the absence of a substantial advance in price at Mark Lane, it will be hardly possible to maintain our prese nt rates, which aro now, in spite of a good many holders continuing firm, showing unmistakeable signs of a downwind tendency. We quote best Tuscan, 3a 7d to Ss 8d; best milling (red straw and velvet), 3s id to 3s 6d; medium to got.d, 3s Id ta 3s 3d; Inferior to best fowls’ wheat, 2s 6d to 3s (ex store).—Oats: The market for there is practically at a standstill, and, notwithstanding sellers’ willingness to accept reduced rates, it is next to impossible to effect sales. It was fully expected that an improved demand _ would spring up which would assist in clearing off the stock on hands before tho extra duty in Melbourne came into force, but so far there is no movement whatever in the demand, and the position at present extremely disappointing. Wo refrain from giving quotations, as they would onlv he misleading. To-day we heard of a line of about 700 sacks bright, stout milling being sold at 2a per bushel (sacks weighed in).— Bai-Jey; There is no change in tho tone of tho market, maltsters being fully supplied, and no demand for fcfd or milling. There is little or no business being done; quotations nominal. For prime malting 3s 5d to 3s 7d j medium, 3s to 3s 3d ; feed snd milling, 2s to 2) 9d (ex store, sacks extra).
Ryegrass Need.—The market as yet is without much animation; some sales of prime perennial machine-dressed ore being effected, but not to a v»ry large extent. There is very little inquiry for undressed We quote local grown machine-dressed, 4s 3d to 4s 6d; undressed, 2a 0J to S3 31; Poverty Bay, 5s 6(1 to 7s (sacks extra). Cocksfoot: The sapp’y is more than ample for requirements, and at the moment the demand is limited. We quote machine dressed, 4d to 4Jd; inferior and medium to good, 2Jd to 3jd per lb. Potatoes.—The market for these is quiet. There is no outlet for export at the prices demanded by sellers, and buyers for local consumption are only purchasing from hand to mouth; but deliveries continuing on a moderate scale prices have slightly hardened. We quote best Northern, 95s to 100s; Southern (best), 77s 6d to 85s; kidneys, 30s to 40s per ton. Chaff. —There is a slight lull in the demand for this product, caused, no doubt, by the oat market having receded so much. Consignments are quite equal to requirements. Prime oaten shcat chaff is offering this week at L 3 5s to T. 3 10s ; ordinary, L2 1 1 L2 15s; straw, 20s to 30s per ton. Dairy Produce. —We have no improvement to note in the tone of the market in respeot to either butter or cheese. Stocks are not being reduced to any appreciable extent, and up to the present there does not seem to be any show for a speedy clearance. We quote really prime potted butter, Cd to 7d ; inferior to medium, 2i to 4d ; best factory cheese, 4id to 5d ; and even at those prices there is hal'dly any business doirg. MINING NOTES. Mr Leslie A. Norman has published a sketch plan of the Kawarau River showing the_ dredging claims. Copies may be had on application. A sample of pyrites from the Croesus Company’s claim at Nentbora was submitted to Mr M'Adam, assayer for tho Rink of Now Zealand, and this is his report:—“ The sample submitted by you consists of sulphides of iron and antimony, with a little silicious matter; 500 grains finely powdend and roasted yielded 1.142 grains of gold, which is at the rate of 740z I2dwt 4gr ot gold per ton of 2,2401b of tho sulphides.” The battery of the Mount Highlay Company is now in full swing, and is working admirably, the water supply being good. The reef is looking well, and at present is about sft wide, with plenty of quartz in sight. The result of tho present crushing will be made known in about a fortnight from date.
COMMERCIAL., Issue 8027, 2 October 1889
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