TELEGRAPHIC COMMERCIAL.

Hawke's Bay Herald, Volume XXI, Issue 5344, 31 March 1879, Page 2

TELEGRAPHIC COMMERCIAL.

• (from oub own cokbesbondent.) , ( . „„.., ; AUCKLAND, March 29. Mr A_. " Sauhders reports sliaremarket as follows r-^-Sellers : National Bank, 68s ; New Zealand Insurance, 60s ; South British, 565 ; National. 21a ; Union, 13b ; Auckland (3-as Company, '£8 ss; Loan and Mercantile Agency, £4 15s. Buyers : Bank of New Zealand, £17 17s 6d. Sales: Moanatairi, 38s ; Alburnia, 20s. • (by special wiee.) CHRISTCHUHCH, March 29. Wheat haa been without change. The dis- 5 position of; :fermers is to sell, and there has been consequently greater freedom in the market. Large quantities are, however, still going to the port for shipment on producers' account. The quotation for best milling wheat is froih'-Ss 3d to 3s 4d, for extra choice samples a' shade over might be obtained, but theiaverage! price is not more than from 3s to 8s 2d; the demand for chicken wheat is maintained. Oats are quiet, and sales wholly depend on local consumption ; firstclass milling, 2s lid to 3s j good feed, 2s 9d to ,2s lOd. Barley is not much in request ; quotations are for best milling samples, 5s 6d to 6s ; other kinds.. 4s 6d to 5s 3d. Potatoes are coming into notice, although business is meagre ; prices range from 50s to 60s. Flour, best brands unaltered, £8 to £9. Grass seed is not in enquiry ; rye grass during the week has -been worse and prices have weakened, and where sales must be made it is doubtful if the current quotations could be realised, especially if the parcels were large; clean samples are quoted at 4s 9d to 5s ; good to fair, 4s 3d to 4s sd ; several medium-sized lines of cocksfoot have been sold within the last day or so, at 5a to 5s 4d per cwt. In dairy produce there is a fair trade doing ; butter is about lOd ; cheese, 6dto6£d ; hams and bacon, no alteration. Stock and station report. — There are complaints of the spread of the aphis over the turnip and rape crops, and so prospects for winter feed are not improving. At Addington on Wednesday last 4332 sheep and lambs, 27 cattle, and 92 piga were yarded. Fat sheep were in moderate supply for trade purposes' and of medium quality, for which there was but little competition ; most lines were cleared^ last week's quotations being barely' maintained. Fat beef was in fair supply both in number and quality; quotations' for best quality barely reached 255; ■medium, 21s 6d to 245. Fat lambs were in short supply, but there was no demand ; best, 6s 6d j inferior, downwards. Pigs sold freely at fair prices, according to description and quality; In store stock there has been no improvement, and with the approaching winter there is little prospect of any change j nothing but well conditioned. young cattle claim attention, and even for*' these grazers are careless. Cull sheep find a nominal value for boiling., ••' . , The " Corn exchange " in its weekly report fia yß • — " There has been an average amount of business done during the week. Wheat continues to 'be shipped in large quantities to London. The grain earned by the Christchurch, Dunedin and InvercargUl railway for the 'eight weeks ending March 6th, shows an increase over the quantity carried in the same peribd last year of 6170 tons; the total of grain carried in the eight weeks this year reached 27,168 tons. Although this may appear large in gauging the carrying capacity of the^railway, it is insufficient as compared with the Victorian railway facilities, as it is recorded that for the first two weeks this jear 26,834 't0ns of grain and flour were carried over the Victorian lines to Melbourne. It is therefore palpable that in Victoria in two weeks the railways do as much in the grain line as is done by the New Zealand railways in eight j weeks. This illustrates the fact that the carrying system of theiNew Zealand railways is defective. Business during the week has been at a standstill. Storekeepers evince no disposition to buy, and importers are indifferent about selling, except to well-known j marks. This feeling has been growing stronger week ]>j week, and has been intev&i-