COMMERCIAL.

Oamaru Mail, Volume XIX, Issue 5905, 29 March 1894, Page 1

COMMERCIAL.

DUNEDIN MARKETS. The New Zealand Land Association reports as under for the:"week ending 28th March : Fat.Cattle. —112 head were yarded at Burnside, the greater portion of, very ordinary quality, very few pens being prime. There was a -fair attendance of the trade, although this was a moderate entry.- Cpm;petition was. not very brisk; arid prices did not come up to those"obtained last week, weights compared. Best bullocks, L 9 10s to lilb JOs ; medium, L'B to L 8 15s • li'ghi,' L 6 10* to L 7 12s 6d ; best cows, L6.10a to L 7 17s 6d ; medium, Ls'los ; to L 6 10s'; light and aged, L2 17s 6d to L 5 ss. Fat Sheep. —1220 were penned, all crossbred wethers and ewes, mostly the latter, representing all qualities, but'none extri heavy. The demand was confined to trade requirements, and although comparatively a small, entry it proved quite sufficient, prices showing no- improvement'on last week's. Best crossbred wethers, 12s 9d to 14s; medium. 10s 9d to 12s 6d ; best crossbred ewes, lis to 12s 9d ; one or two pens 13s 6d to 13s 9d ; medium to good, 8s 6d to;10s 9d.

Store Cattle.—A very satisfactory_ tone continues to pervade the market; no alteration of any consequence to be reported in regard to either the demand or prices obtaining. All descriptions are readily taken up, though grown steers have the preference ;'but very few of these are available, and do not fail'to realise very full prices when on the market.

f'tore Sheep.—The demand for. these is now more pronounced, arid a considerable number change hands at the country auction sales held at the various points from week to week, but there is no improvement of any consequence • apparent' in the prices ruling which are this ' season more in favor of buyers. Crossbred sheep (both sexes, young and aged), if good mouths, also„young merinoes of both sexes'are saleable ; while aged merinoes are difficult to place, except at very poor prices. We have no sales to report this week, but have some pending. Wheat.—The market is'-"quits lifeless, business in the meantime is comparatively stagnant. Advices from Home are as satisfactory as ever, and somehow we hardly think they can be much! worse. There is no change in values here since we last reported, but buyers are standing aloof even at present low values, and except for prime lots of undeniable quality, it is difficult to effect sales. Deliveries of the new ciop are not yet ver3' extensive, and the few consignments that have come to hand are mostly out of .condition, showing signs of having been weathered. ' Buyers are chary of this description, which can only be placed at fowl wheat prices, and with a good deal of this sort now being offered, dealers in such purchase sparingly, afraid of further drop. Quotations tor prime milling Tuscan- and velvet, 2s 7d to 2s'9d ; extra choice velvet a shade more; medium to good, 2s 5d to 2s 6d; inferior to medium, 2s to 2s 4d, (ex store, sacks weighed in, terms). Oats ,-i-The holidays during the past week have doubtless interfered with business to some exteiit; the deriiand,; however, we regret to find i 3 not very brisk in any case. At the moment there is no inducement to consign to the Australian markets, and the grain is hardly in a condition to sefld Horrie. The market, in consequence, is almost at a standstill, for all. that is required for local consumption does not absorb very much. Deliveries, although not very heavy as yet, will be daily increasing, and as the supply now put" on the market for immediate disposal exceeds requirements, in the absence of any demand to speak of, sales are difficult to effect, except at ruinous prices to the grower. Present idea of buyers' prices are : For best feed and milling, Is 4d to Is 5d ; medium to good, Is 3d to Is 4d (sacks extra, ex store), but very few are to be picked up at these prices. Barley.—All available in prime condition has good inquiry and is readily placed, but the quantity offered of really good is limited, while a good many samples of inferior are now offering, for which there is no demand. Quotations : For prime maltiug, 3s 9d to 4s; extra prime a shade more; medium (nominal), 3s 3d to 3s 6;1 ; milling, 2s 6d to 3s ; feed (nominal), Is 9d to 2s (ex store, sacks extra, terms). Potatoes. —The market has been fairly well supplied during the past week, prices in consequence showing rather a downward tendency. Quotations : For best, L2 153 to L 3; medium, L2 7s 6d to L2 12s 6d per ton (ex store, sacks weighed in, net). Chaff. —The business done since last reporting is much in the same lines as on the previous week. Quotations : For prime old sheaf L2 15s to L 3; be<-t new, L2 7s 6d to L2 12s 6d; medium to good, L2 to L2 15s ; inferior to medium, LI 10s to L2 lis 6d per ton (ex truck, sacks extra, net). Dairy Produce.—The marketis unchanged. Prime salt butter, dairy-made, slow sale at 6d to 6Jd; medium, 3£d to 4Jd; factorymade, 9d to 10d. Factory cheese is dull. Medium size 4£d to 4|d; loaf do, 4|d to sd; dairy-made, 2d to 4d per lb.