COMMERCIAL TELEGRAMS.

Otago Witness, Issue 1343, 25 August 1877, Page 11

COMMERCIAL TELEGRAMS.

Wellington, August 17th. ' Adelaide flour, £24 ; Colonial, £18. Good feed oats, 4s ; bran, Is Id per bushel ; wheat, 4s 6d ; pollard, 7s 6d ; maize, 4s 6d. Hams, 9Jd ; bacon, 9d ; cheese, 7d ; potatoes, £3 16s. AUCKLAND, August 17th. Flour : Dunedin, £18 ; Christchurch, £14 to £16. Bran, £5 ; pollard. £6 10* ; oats, 3a 8d ; maize. 3s 9d ; potatoes, £3 to £3 4s ; hams and bicon, 8d ; cheese, 6d; oatmeal, £20 to £21 ; pearl barley,- £24. Trade complains of limited business. " Fat cattle, 30s per Uolb>. Shore Market.— Buyers : Colonial Bank, 435 ; National Insurance of New Zealand, £5. Sellers : Bank' of New Zealand, £22 ; National Bank, 72s ; South British, 81s ; Moanataiaris, £9 ; sellers, £8 12s 6d. - Oamaru, August 17th,Breadstuffs. — Market quiet. Wheat, 7s to 7s 6d, ; * oats, 3j to 3a 6d ; flour, £18 ; oatmeal, £20 ; pearl barley, £22 ; pollard, £5 Mfc. ; bran. £4, all f.o.b Sydnsy, August 18th. ' Case-crandy, 325 ; quarters, 9s 3d ; kerosene, 2s 2d ; rice, nominal ; bread-stuffs unchanged, quiet ; tobacco and sugar unchanged ; Belmont sperms, lOJd to lOJd. Mr J. A. Mackenzie reports for week ended 18th August aa follows ; — Sales.— Colonial Bank of New Zealand, £2 Is 9d f 2 2s 3d and £2 2a 6d ; National Insurance C>., £1 12s and £1 12s 6d ; Standard Insurance Co., 17* 9d ; Just in Time (Reefton), 14s 6d • Anderson's Extended (Reefton), 5s 6d. Buyers.— National Bank cf New Zealand (Limited), £3 113 ; Colonial Bank of New Zealand, £2 2s 6d ' National Insurance Co., £112s; Standard Insurance, Co., 17s 9d ; South British Insurance Co., £i ; Mosgiel Woollen Factory' Co., £3 7s 6(1. , Sellers — Bank of New Zeiland, £22 10s ; Colonial Bank of New Zealand (Limited), £2 3s 6d ; National Insurance Co., £1 13s 6d; Mosgiel Woollen Factory Co., £3 10s ; New Zealand Shipping Co., £3 15s • Union Steam Shipping Co., £8; Wealth of Nations (Keefton), £5 ; Keep it Dark (Reefton), 15s fld; Just iu Timo (Reefton), 15s ; Andersons Extended (Reefton), 5s 6d. Messrs Whitelaw and Co. report sales of shares during the past week as follows : — • Insurance. — National, 335 ; New Zealand, 953 ; South British, 82s 6d ; Standard, 18s 6d and 19a Banks. -Colouial, 42s 9d and 43s ; New .Zealand £22 us ; National, 71s (cum div.) Other Companies' —Albion Brewing, 4s 6d ; Greymouth Coal, 45s ■ Mo>giel Woollen Factory, 67s 6d ; New Zetland Shipping, 75s (cum div.) ; Walton Vark Coal, 13s. Buyers. — Insurances : National, 33s ; New Zealand, 955; Standard, i 18s 6d; South .British, 80s; Union Fire and Marine, 2s 6d premium. Bmks:— Colonial, 42s 9d ; New Zealand, £22 ; National, 70s Other Companies : Albion Brewing, 4s Od ; Greymouth Coal, 453; Hopeful Gold -Mining, Keefton West Coast, 955; Keep it Dark Gold Mining Reefton, West Coast, 13s 6d; Mosgiel Woollen "'actory, 67s 6d ; Mount Ida Pastoral Association, £8 10s ; JNew Zealand Shippings 73s (cum' div.) ; Otago and Southland Investment, 253 ; New Zealand Loan and Mercantile Agency, 97s 6d old issue, 52s 6d new i!>sue ; Walton Park Coal, 13s 6d • Welcome Gold Mining, Reeffen, West Coast, 4 is 6d • Friendly Societies' Hall, 353. Mr Hbkrt Driver (on behalf of the New Zealand Loan and Mercantile Agency Co.) reports for the week ending August 22nd, 1877 : — Fat Cattle.— The short supply last week caused 180 head to be yarded to-day, which, being in excess of the trade requirements, caused the market to recede at least 2s 6d per lOOlbs, making prices equal to 30* per lOOlbs for prime quality. Best pens of bullocks brought up to £14 10s ; do cows, £12. At the yards we sold 30 head, and have placed a like number privately. „ Fat Sheep.— The market wa3 again fully supplied' with 2400, chiefly good quality cross-breds, most of which were disposed of at auction, at Is less than last week's quotations— say 15s 6d to 16s 6d for heavy weight prune cross-breds, or 2|d to 3d per lb. Store Cattle and Sheep.— There is a fair demand for. former, if in good condition and quiet, for early grazing, at £7 to £7 10s for bullocks, and £4 to £4 10s for cows. Sheep of almost every description are in good request, and at Mr F. Roberta's sale at Kuriwao on the 16th inst., we sold 6500 of various sorts at very satisfactory prices. Wool. — Since our last report we have received complete files of price catalogues of the close of the May and June sales, and though they do not include many of the Otago c.ips. yet those which are included are more than usually interesting, as the cablegrams just to hand of the opening of the August sales report prices on a level of the closing prices of the last(June) serio >. One very important matter for the cunsideration of wool-growers appears very prominent on careful examination of the cata.oguea to hand, the preferencegiven to wool in grease over washed or scoured bea--mg out the action of all foreign buyers' who have been purchasers in this market, tney never touch washed wools of any description, it being evident that foreign' competition runs mostly in in grease. Prospects' for the ensuing clip we more cheering. ThVlatest telegram to hand, dated London, Aug. 19th:— " Opening competition well maintained ; prices improve as sales progress. Home trade operations vigorous. 30,000 ba.es sold." Sheepskin?.— At our weekly auction on Monday supplies were moderate, competition brisk. Crossbreds were not so much in demand' as mtrinos the latter selling— green, up to. 4s 6d; cross-breds, up, to 5s 7d : station skins, 7id per lb. Hides are unaltered in value. Butchers' green 20s to 22s 6d ; wet salted, 4Jd to 5d for extra quality and conditiOH. Tallow continues In good demand, without alteration in prices, inferior, £23 to £;!5 : medium. £2S to £31 ; prime, £32 to £34. ' Grain of all descripiiona is quiet. Wheat is not enquired for unless at lower rj,te8 r for best simples of milling, and unless something extra choice, 7s to 7s 3d is difficult to obtain— anything 'secondary in quality there are no buyers. O»ts move rtowly to consumers at late rates ; seed is move inquired for. -We quote 3s 8j to 43 for seed and niilliug samples, 3s 8d to 3s 6d for feed. Baney— Secondary quality uniting- has been dealt in small parcels, at low tigjres, 3a 6d t~> 4s. Sales of feeding up to 3a 6d have been made. Messrs Wrmht, Smsphensow, and Co., report for the week ending 22nd August, 1877, as follow* :— Fat Cattle. — 180 head were yarded for to-day's market, two-thirds of which were of very good quality. For these last week's quotations were maintained, but medium quality showed a slight decline. We sold on j account of James Smith, .Esq., Greenfield, Messrs I Little Bras., B*. Miller, and F. Manson, 91 head. Bullocks brought from £9 10s to £14 ; cows, from £7 10s to £11— prices equal 'o 32s 6a per 1001b for prime Iquility, and 25s for medium. Privately we hive placed 54 head at equal to 32s Gd per lOOtb. Fat Calves.— Only a fear yarded, which we sold at rom 27s 6d to 60s each, . . . „

~~Fat Sheep.- 2400 were pennedTa quantity "considerably in excess of trade requirements. Nevertheless with the exception Gf about 250, all found buyers but at a reduction of fully Is per hsad on last week's quotations. We sold on account of Jame3 Smith E'-q Grennfield, 40u cross-bredg (good quality), at from 16s to 163, also 170 merino wethers at 11s 6d ; on account of the N. Z. and A. Lani Company, 600 crosa-breds (good quality), at from 15s 6d to 15s 9d ; on account of Mr John Bruce, 100 merino wethers (medium quality) at 9s ; on account of Messrs Begg Bros ,' 500 crossbreds (good), at 16s ; on accouut of Mr George Wallace, 100 do, at 13s. We quote prime mutton at 3d per lb. We have also delivered to the tra 1c 1300 crossbreds previously contracted for, and have quitted 2000 for forward delivery at 3d per lb. Store Cattle — We have buyers for grown cattle, but very few are offering*. Store Sheep.— There is a good demand for young merinos and cross-breds. During the week we have sold 1400 cross-bred hogsets at a satisfactory figure. Horses.— The enquiry still continues brisk for good heavy draught and strong coach horses. At our yards on Saturday a large number of the latter came forward, but only a few of the former, which sold readily We quote first-class draughts at from £50 to £55medium, £35 to £40'; light, £25 to £30; "good hacks and light harness horses, at from £25 to £30 ; medium, £14 to £20 ; light and inferior, £3 to £10. - Wool.— The following cablegrams have been received since our laat report :— Under date " London, 14th August—" The wool sale? opened to-day. The brokers (BalmeandHazird)had a we.l-selected catalogue Of 5142 bales. The attendance of Home and foreign buyers was large, and the biddings commenced with great spirit. Prices .are about the same as at last serfts." 19th August—" In the wool sales competition is well maintained, and prices improve as the sales progress. - The Home trade is operating vigorously 30,000 bales have been catali^ued." , _ Sheepskins.— There was a fair attendance of buyers at our weekly sale on Monday. We catalogued 2000 skins, for which there was good competition, "aud price* realised were about eqiul to" last week's rates Butchers' green skins, half-breds. sola at from is 8d to 5s lOd each ; merinos,3s 8d to 4i 4d ; station skins up to 53 9d. " . ' Hides.— We did not offer any this week. Tallow— There is a fair demand, but very few good parcels offering. We disposed of several small lots at from £32 to £34 per ton for prime mutton; £23 to £30 tor medium ; and £24 to £26 for inferior. Grain. — Wheat remains inactive — millers being fairly stocked are buying* sparingly. "We-quote prime at 7s 6d to 7s 9d per bushel. For simples of u,edium and inferior quality it Is. impossible to state values in the present Muggish condition of the market. Oats are in fair supply, an«l the demand is limited. We quote prime milling at 3s 7d to 3s Bd'; good feed, 3s 4d to 3s 6d; inferior, ;3s 2d to '3s 3d Barley: 'Feed scarce and waited at 3s to 3s 3d ; malting, dull of s,ale. Messrs Maclean Brothers report for the week ending 22nd August, as follows : — Fat Cattle.— A'full supply of 189 head was yarded for to-day's market, the greater portion of whim were good to prune quality. Prices were consequently expected to rule* consideraby lower, but the demand being active, owing to short supplies in butchers' hands, nearly all offered were sold at close up to last week's rates. Best bullocks brought from £12 10s to £14 ss ; do cows, from £9 to £13— equal to s*y 30s for the former and 32s 6d for the tatter par 1001b. At the quotations above given, we sold 50 head of prime cattle from the Edtmd.il c Estate of the New Zealand and Australian Land Company, and eight head on account of Mr Macdonaul, waipori. Privately we have placed CO head for lmaiediate delivery at £10 163 to £IMOs each. Fat Sheep.— 24l2 sheep were peuned, all of which were of good quality ; the demand, however, was considerably easier than last waek'a ; prices' consequently declined, and several lots were turned out unbold. At the tf&rds we sold 600 eros3-breds, on account of various vendors, at 13* r0"133 3d • 24 unusually heavyweights, at 19= ; 53 merinos, at 9s-or equal to barely 3d per lb. ' Store Catt'.e.— 3STo tr*nsaction3 to report. Store Sheep.— Enquiries still continue for young cross-breds aad-meriuos, but few or none are offering For desirable lots of either we are of opinion that an -advance on our last quotations would be readily obtainable. Wool.— The following very "satisfactory telegrams have been received from the Uome market during the past week:— London, August 14th: The wool sales opened to-day. The brokers. Baluie and Hazard had a well-selected catalogue of 51,420 bales- • The attendance of home and foreigu buyers was large. The biddings commenced with great spirit. Prieei about the same as last series.— August 19th: Wool Sales.— Opening competition well maintained ; prices improve as sales progress. Home trade operatious vigorous 20,000 bales sold. - 1 <« or0U8 - Sheepskins.— There was a very full attendance' of buyers at our sale on Holiday last, but, pending the receipt of advices 33 to the opening of the wool sales in London,' there was an apparent indisposition to compete up to ths' extreme rates ruling tho previous week. We catalogued an.i sold 1370 skins as follows viz. :- Green cross-breds, ordinal y qualiiy, 4s 8d to fis ; ditto merinos, from 3a 9d to 4s 4d ; dry skins, at from la 7d to 7s Id, according to quaity. In bales an inferior lot at 3|ti per lb. Hides.— None offered. We quote medium weight wet salted at up to 4Jd perlb. ; superior heavy weights at 4|d to sd. _ * - Tallow.— None offered. Quotations unaltered. Demand good. Graiu.— Wheat : The market has been very inactive during the past week, and few, if any, parcels of milling grain have clnngcd hands; millers having ample stock for present rpqu.remuuta, quotations are necess irily nominal, vats are , m moderate demand, but only for local. consumption ; the rates ruling in the Northern port* and the Australian Colonies precluding any export enquiries. Our_sales during ths week (which hays, been limited) ranged from 3s for .inferior feed, up t«3s 6d for good to fine ; milling and seed, 3s 7d to 3s 9d. Barley has been enquired for freely, and prices for good malting samples are sligh Sly ■firmer; inferior continues at about last week's prices. . THE WOOL SALES. -The Manager of the Australian Mortgage, Land, and Finance < onipany, Limited, London, reports to Messrs Cargills, Gibbs, and Co," Dunedin, under date July 6th :- J Our public wool sales, which opened on the Bth May, were brought to a conclusion on the 26th ult., having during their continuance seen fluctuations. • ■.. 'Jhe tendency of the market since the last Brindisi mail left has been on the whole upwards, aud the close of the series was marked by'very firm pHcesand good spirit. Australian wools have in almost every base regained the fall which they experienced at the opening, prices generally now standing the same as jn February' Ins't. Croas-breds are, however, an exception' to' tUX as 'although they are not so low-as -at the beginning of the series, they have tin oughout : been dull of sale, in sympathy with" the poor prices for Knglish wools. Of the 290,000 bales catalogued, about 270,000 bales foi'nd buyers.no less than* 145,000 bales (iueludiug -some 6000 bales for America) having been taken for export. t For next series, the commencement of which is not yet decided upon, the new arrivals are expected to bo "about 300,000 bales, and to th«.e muat be added about 59,000 balea either withdrawn or nofoffeied at all in last and preceding series. During the last few weeks there have been a few indications of improved trade, and it is to be hoped that after such a long peril d of inaction business generally may now t»ke a fresh start. Much, however, of c mrse depends upon the progress of political events on the Continent. Arrival* up to date comprise 241,811 bales wool "of which 103,000 bales come from Port Phillip and Sydney. _ Messrs CARGitts, Joachim, a>>d Co., of London, report under date, London, 2S'h June :— The second series of wool s-ilea of the present year ! closed on the 2Cth nut., after 291,000 lules (out of the available total of 330,000) had been catalogued, and of Va. se over 22,000 were bought in or withdrawn, thus leaving upwards of 60,000 bales held over for the next I sales, hikl this total wi 1 be augmented by the probable arrival of 300,000 bales Since our last Circular prices have experienced Varying fluctuatious, but on the whole the tendency has been towards improvement, and the result of thd later part of the series has been the recovery of the decline of 8 to 10 per cent, with which the sales opened ; sales of cross-bred wools h ive, hdwnver, not fared sj well as the other descriptions, owing to the low value of the Home produce. The state of trade still leaves much" to be deeired, but sign 3of a more confident tone have shown themselves of late, and we may hope to see a gradual improvement in business generally if only present European political complications dv not spread There are no arrivals from Port Chalmers to report (or the present month,