COMMERCIAL.

New Zealand Mail, Issue 1196, 1 February 1895, Page 8

COMMERCIAL.

WELLINGTON MARKETS

Freeman R. Jackson an© Co.’s Wanf anui stock report (telegraphed on the 23rd ult. 6 the Mail) is as follows :--At our ordinary sale at Waverley we cleared the bulk of the stock entered. At Messrs Bremer Bros.’ special sale, we sold all out, with the exception of one pen, at current rates. At tbe Wanganui yards bidding was dull, arid not much business was done. Cattle —At Waver-ley—-Cows and calves, £4; heifers, £2 15s to .£3 ; steers, £2 17s to £3 14s; yearlings, 265. At Bremer’s—Forward bullocks, £4 10s 6d; cows and calves, £3 13s ; empty cows, <£3 ss; 2-year steers, .£2 15s to £3 2s 6d. At Wanganui—Fat cows, £4 9s ; steers, £2 15s ; forward bullocks, £4 12s ; heifers, £2 5s to £2 16s 6d. bheep—At Waverley—Store wethers, 7s ; fat ewes, 6s 6d to 7s ; ewes, 5s 3d to 5s lid ; lambs, 4s 4d to 5s 2d. At Bremer’s lambs made 4s. At Wanganui— Store wethers, 6s 3d to 6s 6d ; 2-tooth mixed sheep, 5s 3d to 5s 9d ; fat ewes, 5s 6d to 6i 6d ; lambs, 3s sd. Pigs—Small baconers, 225; to 27s ; porkers, 16s to 20s ; small pigs, 5s 6d to 11s.

The following is the New Zealand Loan and Mercantile Agency Company’s report of the Addington market '(telegraphed on the 23rd ult. to the Mail) : —Fat cattle—A full entry, principally cows, for which competition was somewhat easier, but for good steers the demand was about equal to that of last week. Prices for best steer beef to 20s ; cow and heifer, 18s to 19s. Store cattle—Lighter entry, competition slack for most kinds, good 2 and 3-year old steers being the exception. Dairy cattle —Average entry; no alteration to note. Fat lambs—One of the largest entries of the season, a large proportion being only of second rate quality. Prices show a drop of from 9d to Is per 100 on last week’s rates. Shore sheep—A good supply came forward, chiefly two-tooth crossbreds. Prices about the same as last week ; 2 and 4-tooth crossbreds, 8s 3d to iOd ; lambs, 6s 6d to Bs. Fat sheep—A full market; a large proportion being good sheep, which met a fluctuating demand. Prime crossbred wethers, 11s 9d to 13s 3d : light ditto, 9s to 11s ; crossbred ewes, 7s 6d to 11s 7d; merino wethers, 6s 9d to 7s. Pigs—Another full market; prices about the same as those of last week. . , '

There was a large attendance at Messrs Harcourt and Co.’s rooms on Friday afternoon, when the valuable freehold property at the corner of Willis street and Lambton quay, known as the Post corner, was offered at auction. The property was passed in at .£9350, the reserve on it being .£9500. A. G. Tatne and Co. report of th* markets for the week ending January 25th : Fat sheep Market unchanged. Prime freezing wethers, 9s to 9s 6d; fat owes, 6s to 7s 6d; fat lambs, 7s to 8s; store wethers, 2 and 4-tooth, 6s to 7s 6d, and 2-tooths, mixed sexes, 5s to 6s 6d. Sheep market generally very depressed. Fat cattle —We quote prime bullock beef at 17s in paddocks; store cattle slackening in price a little, have sold all forward. Store bullocks .£4 10s to «£5 5s ; 2-year-olds, .£3 to .£3 10s ; yearlings, 40s to 45s ; weaners, 23s to 28s. Pigs—Keen demand. Good slips, 10s to 13s : smaller sorts, 8s to 9s ; baconers, 40s to 425. Wool —The local wool sales took place on the 18th. Prices were a little firmer. We have some clips held over. For good light wool, 6£d to 7d ; off-colour and heavy, s£d to 6d ; bush stained, 4d to sd. We think bottom has now been reached. Grain —We quote good feed oats Is 7d to Is 9d ; fowl wheat, only best lots in the market, price almost equal to milling. Laeky and Co. report for the past week as under :

Wheat. Without alteration. A few transactions have taken place in prime milling samples at rates last reported. We quote —Prime milling, 2s 7d to 2a 8d; medium to good, 2s s£d to 2s 6£d> f.o.b. Southern ports ; whole fowl wheat, 2s 7d to 2s Bd, ex stores. Oa.ts.- -The volume of business passing is moderate, and prices generally are without change. We quote—Prime short oats, Is lOd to Is lid ; good stout feed, Is 8d to Is 9d ; Danish, Is 8d ; duns, Is lOd to Is lid. Barley.—None of the new season’s crop will be available before the end of the incoming month. Meantime, there is nothing doing. Our quotations are nominal—Best malting, 4s ; medium to good, 3s 6d to 3s 9d; feed, Is 9d ; Cape, 2s lOd. Maize. —Moderate demand at 2s 3d to 2s 5d per bushel. Pollakd. —Stocks are low, and supplies difficult to procure. Values ranged to-day from 72s 6d to 75s per ton. » V Chaff. —Considerable quantities are offer--1 ing, and the tendency of the market is to

lower values. We quote Prime bright heavy, old season’s, 70s to 72s 6d ; prime new season’s, 62s 6d to 65s per ton ; medium to good, 50s to 57s 6d per ton.

Cocksfoot. —Best samples of the new season’s crop are in fair demand, but the extreme prices asked by Growers tend to restrict business.

Matthew Henbt reports of the Palmerston sale :—The entry of cattle was again good, but sheep mustered up in small numbers. The demand, if the spirit of the trade can be called by any such name, was again lifeless, and most of the trade done was privately at quotations. Cattle Two-year steers, <£3 11s; yearlings, small, .£2 ss; weaners, 25s ; store cows, .£3 4s. Sheep— Inferior ewes and lambs all counted, 2s 4d; lambs in wool, 4s. Pigs, 8s 6d. Edwards and Mcßeath report of the labour market: —The demand for women servants is still good in town and country, but there is no demand for men.

A. G. Tains and Co. report of their weekly horse sale : —Owing to the races and other attractions Saturday was almost an off day in the yard. There was only a very limited number of horses entered, and a very small attendance. We had an entry of eight draughts from the South and a number of local hacks and harness horses. Owing to the want of publicity and absence of buyers the draughts were not sold, although they were a good, useful lot of horses. The sales made were unimportant. Beally good, sound, young draughts we quote from <£2o to <£2s ; medium draughts, <£l4 to <£18; good, wellbred light harness horses and hacks from .£l4 to <£lß. Anything suitable for express work still command . attention, and are saleable from <£lo to <£l4. We have sold privately a nice harness mare at <£lß, another at <£l7, light draughts at <£l4, and d.b. buggy in fair order for £l2.

Townsend and Paul report of their sale of horses and vehicles on Saturday:—The attendance was not large, owing, no doubt, to the counter attractions. Nor was the entry large, in fact, except in crocks. No really good horses changed hands. The only kinds that we know of that there is any demand for are really good, active draughts and express or . delivery cart sorts. About three or four really tip-top polo ponies would be placed. We sold privately during the week:— Draught, <£22 ; good all-round hack, <£10; one fit for milk float, <£7 10s ; express horse, <£l3. We also passed through our hands two very nice buggies, new, at fair prices.

The New Zealand Loan and Mercantile Agency Company (Ltd.) have received the following cablegram from their London office dated 25th instant : —Wool —Since close of last sales greasy merino super is par to id per lb higher. Combing washed has declined Id per lb. Scoured merino super, greasy merino (medium and inferior), fine greasy crossbred are par to |d per lb lower. Scoured merino (medium and inferior), fine washed crossbred and fine scoured crossbred are id per lb lower. Coarse greasy crossbred is par to id per lb lower. Medium washed crossbred, medium scoured crossbred, coarse washed and coarse scoured crossbred are id per lb lower. Other descriptions unchanged. Competition by 'both Home and foreign buyers is fairly active. The total quantity catalogued to date is 61,000 bales. The total quantity withdrawn to date is 7500 bales. Wheat market unsettled. Spot quotations have declined 3d per 4961 b. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following London cablegram : —Tallow — There is a rather better demand. Good beef tallow has declined 9d per cwt. Wool—The American demand has increased. Butter — Market quiet. New Zealand, fine qualities, 90s to 102 s per cwt.

By Telegraph.—Press Association. — Copyright. Sydney, January 23.

Wheat— Chick, 2s 3d; milling, 2s sd. Flour —Boiler, £6 15s to £7. Maize, Is 6d to 2s. Oats —Fair feed, Is lid; prime, 2s o£d. Barley—Cape, 2s. Peas —Prussian blue," 3s lOd to 4s. Bran, 7d; pollard. 7£d. Potatoes —Warrnambool, £2 12s to £2 15s ; local, £2 to .£2 10s. Onions, £3 15s to Butter —Dairy made, 5d to s|d; factory, 6d. Cheese, 4-|d; bacon, 4Jd to sd. Melbourne, January 23. Wheat, 2s to2s 2.^d; flour, <£s 7s 6d to <£slss. Oats—Algerian, Is 3d ; stout white, Is 9d. Maize, firm, Is lOd. Barley—Feeding, Is 3d to Is ll£d ; English, 2s 6d to 3s. Bran, s£d to 6d.

.... Adelaide, January 23. Wheat, 2s 3d; flour, roller, .£5 15s; bran, 7|d ; pollard, 6|d. Sydney, January 23. A recent advice from London, despatched on the 19th inst., says that prices at the wool sales have undergone a decline. Compared with last series merinos and crossbreds are 4d to lowor. Sydney, January 24.

The Sydney Morning Herald considers there is a likelihood of the wheat export trade from Australia being limited this year in consequence of the scarcity of wheat of good shipping quality. Despite the absonoe of information as to the state of the London market, the local wool sales continue brisk. One of the features of tho week was the receipt of 1200 bales from Albury. Hitherto the clip from that district has passed down to Melbourne. Although a very fine sample of merino fleece only sold up to Bsd, crossbred fleeces realised the same figure. Merino and lambs were passed in at 9d. Sydney, January 26.

During the week 34,000 bales of wool were catalogued at the local sales, of which 26,000 were sold. The current prices are —Creasy, 6£d to 7id ; washed, 8d to lOd; scoured, lid to 14£d. . . T London, January 23. The average price of English wheat is 20s Bd. Wool has been improving all the week. The tone of the sales is now very good, and the opening decline has been nearly recovered. Superior merinos are fully equal to December prices, and there is very keen bidding all round. A large quantity of South African is being offered. American buyers are taking the best lots. London, January 25. The weekly returns of the Bank of England published to-day show the total reserve to be £27,142,000, and the proportion of reserve to liabilities 65‘74.

Consols, 105|. Three months’ bills are discounted at £ per cent.

New South Wales 4 per cents., 109 ; do, 1014. "Victorian 4 per cents., 102 J-; 3J- do, 95£. South Australian 4 per cents., 107 ;3i do lOlqf. Queensland 4 per cents., 106 ; 31- do, 99. Tasmanian 31- per cents., 99. Western Australian 4 per cents., 112. New Zealand 4 per cents, inscribed, 107; 3| do, 1015.

/ New Zealand long-berried wheat, ex warehouse, 255, nominal; South Australian wheat, ex warehouse, 26s 6d. Victorian do is also weaker at 265. New Zealand frozen meat is depressed ; second quality 3£d per lb; lamb, sd, nomiual. The cheese by the Gothic landed in ex-, cellent condition. The market, however, is dull.

The New Zealand hemp market is unchanged. Sugar—German beet, 9s l£d ; Java, steady, 11s 6d. No. 1 best Scotch pig iron, f.o.b. in Clyde, 2s 3 7-16 d. At the sales scoured wools are slow of sale, with prices weaker.

London, January 27. The English wheat market shows a general decline of 6d, the Continental is dull, and the American is declining and weak. Oats, fine quality, average 22s 9d, beans average 30s 6d, and peas 24s 3d.

At the wool sales bidding is keen, foreign buyers taking the bulk. The “ Tenakoa-” brand N.Z. broaght 7jd. The total quantity of wool catalogued up to date is 109,000 bales, of which 97 800 bales have been sold—6ooo bales going to America. Good wool is firm, but merino is unsteady. The Antwerp sales open on the 12th February. Tallow —Medium mutton. 22s ; beef, 21s. London, January 28. A fair catalogue was submitted at the wool sales to-day, and bidding was keen chiefly on the American account. Superior washed wools show a fall. Some large lots were withdrawn. Christchurch, January 25 At the third wool sale of the season there was a decline of fully a halfpenny a pound in crossbreds, but an improved demand for merinos, in which there was a rise of a..,, farthing to a halfpenny per pound as compared with the rates at the previous sale. London, January 24. Professor Bryce, President of the Board of Trade, speaking at Salisbury, urged the British farmers not to leave the dairy industries to foreigners and colonists. Christchurch, January 23. A meeting of the council of the New Zealand Sheep Breeders’ Association was held to-day to consider the request from the Canterbury Agricultural and Pastoral Association to reintroduce the inspection clause rescinded at the last meeting of the council. After a discussion it was unanimously considered that inasmuch as applications for registration in respect of 200 flocks from all parts of the South Island have been sent in, the funds could not be found to carry out the personal inspection of each flock. It was, however, resolved that entries from Southland, Otago, North Otago, South Canterbury, and North Canterbury should be forwarded to the agricultural and pastoral associations in those 'districts for inspection by the local committees, who will be authorised to make all enquiries and inspect if necessary the flocks submitted to them. Entries will also be open for the inspection of breeders up to-March. Sydney, January 28. One hundred and twenty live, cattle haya . been shipped to London by the Gulf of Bothnia. Melbourne, January 29. The Victorian Farmers’ Agency Company is asking the millers of New_ South Wales to co-operate in raising the price of flour. They state that owing to the inferior quality of this year’s Victorian crop, fully 52 bushels of wheat are required to make a ton of flour. The price of wheat is estimated at 2s 2d a bushel, making the actual cost of flour 112 s per ton. If the price is not raised in Victoria, bad results will follow.

Messrs Laery & Co. report current whole sale values as under Farm and Dairy Produce. £ s. D. £ s. D. Milk, quart ... 0 0 3 to 0 0 4 Butter, fresh farm, lb 0 0 7 Butter, separator ... Salt butter 0 0 9 to 0 0 10 0 0 7 Cheese ... 0 0 44 to 0 0 5 Loaf 0 0 siEggs, dozen (fresh)'... 0 0 ll Bacon, lb 0 0 6i Ham, lb 0 0 8 Fowls, pair 0 3 0 to 0 3 6 Ducks, pair 0 3 6 Geese, pair 0 5 0 Turkeys, pair 0 7 6 Flour Market. £ s. D. £ s. D. Stone flour 7 0 0 Holler flour ... 7 15 0 Pollard... 3 10 0 Oatmeal 9 0 0 Bran 2 10 0 to 2 15 0 Hay and Corn Market. £ s. D. £ s. D, Maize ... 0 2 6 Oats, feed < 0 1 9 to 0 1 10 Wheat, milling 0 2 9 Fowl Wheat ... 0 2 8 Eye Corn 0 3 3 Seed Barley ... ... 0 4 0 Carrots... 1 10 0 Hay, ton 3 10 0 to 4 0 0 Oaten, ton 3 10 0 Straw, ton 2 10 6 Chaff, oaten sheaf ... 3 10 0 . Wheat, straw... 2 5 0 to 2 10 0 Onions, 0 7 0 Potatoes (new) 2 10 0 Seeds. £ s. D. £ s. V, Ryegrass, Farmers’ lots 0 2 9 to 0 3 3 Ryegrass, Maohine dressed ... 0 4 3 to 0 4 9 Cocksfoot, lb .... 0 0 4 to 0 0 5i Wt. Clover, lb 0 0 L0 Red Clover, lb 0 0 9 Alsyke, lb ... ... 0 0 9 Cow Grass* lb Timothy, lb 6 0 9 0 0 4 Linseed, per cwt 13 10 0 *f" r Rape, per cwt 1 5 0