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COMMERCIAL.

Tho amount of rovenuo collected at tho Cjßtom-houßO on goods cleared fr r consumption was—Customs, L 1.536 6s 4d; primage, L 43 14s Id; total, L 1.580 Os sd. Mr K. B. Martin conducted a sale of properties at his rooms, Water street, this afternoon. The properties, which comprised allotments at Kaikorai. Richmond Hill, Glen, Williamsburgh, and West Duncdin were bought in by tho mortgagee with the exception of allotment 91, West Duncdin, containing 10.5 poles with shop and dwelling, which wan purchased by Mr 0. G. Hamer for L 275. STOCK AND STATION RETORT. Mr Donald Stronaoh (on behalf of the New Zealand Loan and Mercantile Agency Company, Limited) reports for tha week ended November 6 as follows: — Store Cattle—Notwithstanding tho continuance of dry weather, the demand for store cattle continues fairly brisk, and some of our dealers have gone far afield to pick up likely lines. Should we get rain shortly there will doubtless be many buyers in the market; meantime transactions are confined to a few. Store Sheep.—Already we have some inquiry for young, sound sheep after shearing, but it is jet too early for business. Wool.—The local auctions will opon about beginning of next month, and if the weather holds good there should be large catalogues at the opening sale; while from the unusually warm season we have experienced so far tho clips should bo heavier in grease than we have been accustomed to see them. I'eports from all quarters, public and private, point to a period of good prices for wool and an active demand from all scctioDs of the manufacturing trade. The | reported abolition of duties hitherto levied on wool by the Canadian Government may surely be taken as a sign of the times, an example which the United States of America may not bo very long in following. Further, the reported large Josses of sheep in tho Argentine Republic will diminish the quantities available in tho European markets. All things considered, farmers in New Zealand may be congratulated on the very hopeful outlook for this our most important product. Sheepskins. Tho demand still continues brisk, though some fellmongers are somewhat hampered by want of water. We again offered a large catalogue, comprising all descriptions, at our weekly auctions on Tuesday. Prices were a shade easier than last week's, but on the whole very satisfactory prices were obtained,

Wc append some of the prices obtained:— Butchers' green cross-breds, 7s 2d, 6s 10d, 63 9J, (is 4d, (« Id, 5s lid, 5s fid ; do do mcrinocs, fis 4d, Gs Id, [is. lid ; country dry cross-breds, 4a to Ik Id for pood full-woolled skins and sound pelts ; medium and inferior, from la (id to 8s !)d ; dry merino skins, in good condition, sold at :h 3d to 53 Oil, a choice lot realising (is sd; green pelts sold at fid to 7d; lambskins, lOd to Is Id. Rabbitskins.—Business passing is now unimportant. We sold a small catalogue at auction yesterday of medium and inferior skins at late quotations, and privately during the week sold good winters at up to Is 6d per lb ; medium and second winters, at la to Is 2d per lb. Hides.—There is no change to record, and pricos remain unaltered. Medium and lieht weights, badly saved, arc now more than over diflicult of sale, except at very poor prices. Tallow. With some inquiry for shipping parcels there is a better feeling in this market, and all lots coming forward aro readily disposed of, Wo havo sold during the week considerable parcels at 20a for prime rendered mutton ; 18s Gd to 19s for good ; and 16s to 18s for medium ; rough fat, 9s to 13s 6d per cwt. Our London office cabled on Ist inst. : "Market weak. Best mutton is worth 25s 6d ; best beef 24s Gd per cwt." Grain. —Wheat: There is absolutely no animation in the market for this cereal, and sales are quite unimportant. It is extremely difficult to foresee what tho future is to be, or from what quarter to oxpect an improvement. Very prime milling has a little inquiry, and fowl feed is always in fair demand, but medium milling meets with no attention whatever. We repeat last week's quotations, regretting that the stagnation of the market renders them more or less nominal. Prime Tuscan, 3s 4d to 3s sd; red ftraw and velvet, 3s Id to 3s 3d ; medium to inferior, 2s to 3s.— Oats: This market has again experienced a check, and the anticipations that late rates would bo realised till the new harvest have so far not been sustained. At tho weekly auctions sales that have been effected have been at slightly lower rates. Shippers find a difficulty in operating at present limits; but there is a strong feeling, shared by many, that tho local and interprovincial demand will go far to absorb availablo supplies. Stocks aro now in fairly small compass, and for the most part holders aro firm. Wo quote prime milling 2s to 2s 2d, stocks of this quality being light; stout heavy feed, Is lOd to Is lid ; extra prime, 2s; medium feed, Is 8d to Is 9Jd; Danish, in small demand at Is Bdto Is lid ; black, not inquired for. Quotations ex store, sacks extra. — Barley: Transactions passing are quite unimportant. Only very prime lots are saleable at late rates.

Grass Peed.—The market for both ryegrass and cocksfoot is vciy quiet, and only small lots are being sold to supply farmers' orders. We quote Poverty Bay ryegrass, 5s to 5s 6d per bushel; machine-dressed, local, 4s to 4s 6d ; undressed do, 2s to 2s 9d; Akaroa cocksfoot, 3d to 4£d per lb (ex store, bags extra). Potatoes.—The market is weaker, and prices are 20s to 25s per ton less than last week's. L 4 to L 4 15a are to-day's ruling quotations. Dairy Produce. Cheese : Stockß of old season's make are now comparatively small. We quote 5d for medium and 5-Jd for loaf sizes, prime factory; farmers' make, 4d to 4Ad.— Butter : There is still somo old season's potted in tho market, with no outlet but London. There will bo large shipments of new potted to tho English market during the next three months, all availablo cool-chamber Bpace having been taken up. Locally there are no sales, save of fresh, for home consumption. MINING SHARE QUOTATIONS. The following were net prices quoted at the c'osing of the Kcefcon Mining and Stock Exchange last evening :

HuYMis.—Alexandra 4d, Isendi;;o lOd, Fiery Cress 7s (id, Golden Lend B<l, G illant 3s KM, Happy Valley lid, Inplowood 28Gd, National !)d, Scotia, 93 3d, Drakes 2s Bd, Globo 21s ad. Venus lOd. Sbj.i.brs.—Bitr Hivers 29 6d, Empress <td, Eureka Is !M, Gallant 3a 3d, Globe 235, Homewards 7«, Happy Vallov Bd, Londonderry 3d, Hercules 3s, Now Era 3d, Britannia 7d, Pandora Is 2d, Reform Gd, Venus Is Id.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18891106.2.28

Bibliographic details

COMMERCIAL., Issue 8057, 6 November 1889

Word Count
1,143

COMMERCIAL. Issue 8057, 6 November 1889

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