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COMMERCIAL.

The amount of revenue collooted at the Custom-house on goods cleared to.<l*y for oonsumptiou was Customs, L 842 8s 6d ; primage, LlB 6b Id ; total, 186014s 7d. STOCK AND STATION REPORT. Mr Donald Stronaoh (on behalf of the New Zealand Loan and Mercantile Agenoy Company, Limited) reports for tha week ended Oetober 16 as follows:—» Fat Cattle.—The entry this week at Burnside saleyards was again a meagre one, only 121 head being yarded, and for quality no more than the half could be called good beef, the rest little better than stores. Competition was active, and vory satisfactory prices realised for the lot. Best bullocks brought L 9 to Ll2 15b ; medium to good, L 7 10a to LBl7s 6d; light, Lslss to L 7 ; cows in proportion. Fat Sheep.—3,o93 were penned, comprising about 400 merino wethers (good to prime mutton) and 2,693 cross-breds (good to prime quality), and a large proportion of these were wethers. For prime wethers, fit for export, prices ruled about the same as last week; but for medium t »nd cross-bred ewes

tho demand was Icrs active at rates obtaining:. Best cross-bred wethers brought 15s to 17a 6d; ordinary to good, 12s Gd to 14a 9d; best cross-bred owes, 12s to 13s 9d; ordinary, 8b Gd to lis 6d; best merino wethers, 12s to 14s ; others, 6s 3d to 8s 6d. Wo sold on account of Messrs T. and|J. Tay or(Wairuna), a fine lot of cross-bred wethers, with which we topped the market—33 brought 17s Gd, 3315s 9d, 3315s 6J, 16155; for Mr J amesj Henderson (Bulyondale', 120 cross-bred ewes, at 13a Cd to ?ls6d.

Lambs.—27o were penned, which had a fair demand, prices ranging from 63 Gd to 15s. Pigs.—2so were penned, representing all sorts, and for which competition was very active. Suckers brought 8s Gd to 14 j Gd ; porkers, 2Gs to 335; baooners, 41s to 525, t'ome extra heavy weights to 625. Store Cattle. —The inquiry being made during tho past two or three weeks has 1100 as yet resulted in much business. There are not very many nuitab'e lots offering, but when the spring grass is a little further forward, and sellers and buyers become morn reconciled in respect to prices, we snticipato considerab'o business. Meantime we have no sales to report, but have some pending. Store Sheep.—There are no transactions of any consequence to report. Indeed, at this season of the year the market is always quiet. Only on very rare occasions lines of anv importance change hands, and from now until the wool is off sales will be, comparatively, of a very limited extent.

Wool.—lt is very gratifying to find that the series of wool sales just closed in London has progressed from start to finish with a steadiness almost unprecedented. The rise in values pronounced at the commencement was in many instances improved upon and firmly maintained down to tho close. The strongest demand appeared to havo been on the part of the English buyerß, who took more than half tho quantity disposed of. A good demand must also have been exnerienced for Continental and American requirements. Very satisfactory accounts arc also to hand from both our Adelaide and Melbourne bouses. The first sales for this sca?on have been held at each place. Oar Adelaide circular reports that English, foreign, and American buyers were present in larger numbers than at any previous sale hold in that colony. The sale was eminently successful; bidding became most animated, tho principal lines being knocked down to purchasers on foreign account. At our fitst salo in Melbourne 4,470 bales were catalogued, of which 4.387 were sold—a good indication of tho keen competition which must havo existed. Top prices were fnr greasy merino, 12£ d; greasy merino pieces, 10|d ; greasy crossbred, lid; greasy lambs', 11 Jd ; scoured superior merino, is 9d ; merino pieces, is GJd per lb. In the meantime there is nothing doing locally, with the exception of fellmongers' parcels, and only on occasions their limits are reached.

Sheepskins.—Tho demand for these continues exceedingly satisfactory, and though tho catalogues presented every week represent a large number of skins, they all find buyers, and, to all appearance, a very much greater number could justboaseasilydisposedof. On Tuesday,theregular weekly sale day at the Central Auctionßooms, tho attendance, as usual, was large. Keen competition existed : all descriptions were in good request; and the catalogues speedily cleared at prices, though not quito up to last week's lots. Quality considered, there was no difference in those ruling this week. Butehers' green croes-brerls, best, brought 7s 3d, 7s, Gs lOd, 6s 9d, 6s Bd, 6s 7d, 6s 6d, 6s sd, 6s 4d, 6s 3d ; good to medium and inferior, G», 5s 10J, 5s Bd, 5s Gd, 5s 4d. 5s 2d, ss; green merinoes, Gs Id, Gs, 5s lid, 5s 9d. 5s Gd, 5s 3d ; green lambskins, 9d, is, Is 3d; country dry cross-breds, low to medium, brought Is 4d to 4s; do do merino, Is 3d to 4s Id ; medium to full-woolled cross-bred, 4s 2d to 8s 3d ; do do merino, 4s 3d to Gs 5d ; dry pelts, 3d to la 2d. Rabbitskins,—The supply is now falling off very considerably ; very few good winter skins come to market, nearly all being spring takings. However, a good demand continues to exist. At the regular auction siles all the shippers arc always present, and compete with spirit up to limits which at the moment are in full sympathy with those ranging in the London market. We quoto prime winter greys, Is 4d to Is 5Jd ; ordinary to good, Is 1-Jd to Is 3Jd ; medium, 9d to Is; inferior, 5d to 8d; black and fawn, 7d to lOd ; auckors and half-grown, 2d to 4d per lb. Hides.—There is no quotable alteration to note in values, the position of the market being about the same as when wo last reported, The demand continues fairly active, but very little prospect for any immediate improvement. We quote extra heavy, properly saved, 2|d to 3d ; heavy, 2£d to 2gd; medium, 2.-J. to 2ijd; light, 2d to 2&1; inferior, ljd to ljd per lb. Tallow :Thercißnoapparentchangoin either demand or value. A fair demand exists, andallavailable supplies readily placed. Wo quote prime rendered mutton, 19s to 20s; medium to good, lGs to 18s; inferior and mixed, 12s Gd to 15a, Rough fat: Best mutton caul, 13a to 13s Gd ; inferior to medium and good, 9s to 12s 6d per cwt.

Grain.—Wheat : This market is Blowly but certainly weakening. Shippers have no inducement to purchase at lato current pricos, and millers are operating with extreme caution, only purchasing just sufficient for present requirements, which arc only to a very limited extent. The position of the market in consequence is far from satisfactory, and the prospect for the disposal of most of tho wheat now in store is not by any means favorable at the present moment. Quotations are for best Tuscan 3s 6d to 3s 7d ; best milling red straw and velvet. 3s 3d to 3s 5d : medium to good, nominal, 3s to 3a 2d: inferior to best fowls' wheat, 2s 3d to 2s lOd (ex store).—Oats: These have a moderately fair demand, and a good many are being disposed of, but at slightly lower prices than thoso obtaining last week, especially for prime m'lling, medium to good feed showirg but little difference. Considering the heavy shipments lately gone forward to Australia, the probability is that prices will not improve vety much for some little time at any rate. Quotations are for stout, bright milling. Is lOd to Is lid; short bright feed, Is SJd to Is 9Jd; medium, Is 7d to Is 8d (ex store, sacks extra). — Barley: The quantity remaining in agents hands is within tmall compass, but there is no demand of any consequence for any description, though extra prime for malting, in limited quantities, could still be placed, but in the afrenco of such naroples there is little or nothing doing. Wo quote prime malting, nominal, 3s 5d to 3s 7d ; medium, 2s 9d to 3s; feed and milling, 2s 3d to 2s 8d (ex store, sacks extra). Grass Seed.—Ryegrass seed stocks on hand would appear to be more than sufficient for requirements, and unloi.s a considerable improvement ia experienced in tho demand it is probable a quantity will have lo be carried ovor to next year. Quotations—for local - grown machine-dressed, 3s Gd to 4s : undressed, 2s Gd to 3): Poverty Bay, 5s to 63 (sacks extra).— Cocksfoot continues in small request, the Hales effected being confined to very small parcels, at prices ranging from 2£d to per lb. Potatoes.—Best Northern Derwents havo a very good demand. Last week's prices are firmly maintained. Good Southern arc also easily placed, and though kidneys arc saleable prices would hardly cover charges. Quotations aro —for best Northern. 97s 6d to 100s ; medium, 90s to 955; Southern, 60s to 955; kidneys, 25s to 50s per ton.

Chaff.—The supply this week has been quite equal to requirements. Prime oatnn Bbeaf, well cut, is always saleable, while ordinary, indifferently cut, and straw chaff is more difficult to place, the latter especially being almost unsaleable. Quotations are -for prime, L3ssto L 3 7s 6d ; ordinary, L2 to L2 15a; straw, 20s to 30b per ton. Dairy Produce.—The market continues inanimate; quotations nominal. FROZEN MEAT TRADE. Messrs Arthur M'Donald and Co. are in receipt of the following cable from Mobsis Low, Sons, and Co., dated London yesterday: —"Frozen mutton market is depressed and declining," THE LONDON MARKETS. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London office, dated 15th inst.:—" Wheat: New Zealand average is worth 34s Od, and New Zealand long-berried 38a per 4061b." MINING NOTES. Tho following items are from the ' Tuapeka Times':—Messrs Kincaid, M'Queen and Co. are building a steel plated dredge of 50 h.p. for the Waipori Dredging Company. It will lift 120 tons of stuff per hour from a depth of 25ft.—The Island Block Company had an encouraging wash-up at the end of last week. Manager Rawlins is now thoroughly convinced that the block proper contains a larger quantity of gold than the most sanguine of the London shareholders have been led to believe. There are at present unmistakeable signs of an early and active revival in the mining industry in this district. At the Beaumont six claims of considerable value and much promise have lately been taken up. The working of the 'properties will absorb a considerable amount of labor and caußo a liberal circulation of coin in tho district. In the Roxburgh district there is also abundant evidence of a new and much improved state of things in mining matters. Commissioner's Flat has, it is understood, been floated, and there is every prospect of the Roxburgh Amalgamated Company closing with a full share list. The Island Block Extended (Sheehy's claim) is in addition to be placed ou the market, and is expeoted to go off privately.J3Ei3 '

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https://paperspast.natlib.govt.nz/newspapers/ESD18891016.2.27

Bibliographic details

COMMERCIAL., Issue 8039, 16 October 1889

Word Count
1,829

COMMERCIAL. Issue 8039, 16 October 1889

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