COMMERCIAL

Otago Witness, Issue 1805, 25 June 1886, Page 15

COMMERCIAL

Dunedin Markets. VAHM AM) DAIRY I'HODUCK. JVle33rs Mercer Bios, report paying for produce during the \\eek ending 23rd inst.: — Eg^s, Is Oil per clo/.eu I limns, 7d per lb (short supply) j Salt butter, lod per lb Oiieon (roll), od per lb | Fresh butter, best brands, 1j Id per lb Fresh buHer.pjiHvl ordinary (in llbaud fib prints), lOd per lb. VniOI,HSAXU PKODUCE RKPORTS. JUr J. Flemiiiir. Princes hhreot south, reports iiju'cr date t lie a.'Srd inst. : — Wheat •. Jiest milling. Is i Chaff (oaten), i3l perton to 4s 8d pur bushel Cum, £0 per ton Me<huin milling, 4a to PolUid, £G 10s per ton to 4b Xd p-.r bushel Kiour, iilO to £11 per I'Vwwh' wlu'xfc, 'M (o r» lid ton Ont->. milling, :'s :id to 2s U;xrluy dust, os to 10s per ."d iJt-r buslifil lon l?fi-.l iuLb, I.; lid to 2a lU.;ou (rolled), (3d per !b u'd per bushel Side bacon, 7d per lb Malt barley, :5s to Us> 6d (.grain (od) per bushel O.iiiueiil, £l'J per ten feud, 23 to tin Od per Cheehe, Od per lb bushel Onions, 11s per cvrfc Pearl barley, £l(i per ton Hums, S£d per lb Giass hay, £3 15s per ton Hay, £1 per ton. S(ruw,£i ISs per ton | Kidney potatoes, £S to £•') os per ton. Derwents, £3?is per ton. Good salt, butter, 7jd to 9£d per Ib. Produce of all kuida are firm THE LONDON WOOL MARKETS. The British ami New Zealand Mortgage and Agency Co. on Friday received the following telegram from Messrs Helmutb. Sehwartze ami Uo., Londoi\, dated 16th inst. : — " The sales opened with largo attendance of both Home and Foreign buyers. Competition is very animated. L'oreigu buyers operate freely. Compared with closing lates o? last series prices for greas-e are 2d higher ; for scoured 3d higher ; and for crossbred }f\ higher. Total available, including old stocks^ 355,000 iiales."

Messrs Dalget.y and Co., Limited, received the following telt'm-ani from their head office, dated London, 16tti June :—"Wool: — "Wool sales opened with attendance of buyers large, competition very animated and selection of wools moderate. Continental buyers are purchasing largely. Merinos in general show a rise of 10 to 20 p« j r cent, compared with closing rates last s-orie.s ; the advance being ohnfly in modiun). interior, aiid faulty qudiliis. Finn ovosslneds havo improved "jd to Id pi r Id, and the prices 1 sir coarse are irregular."

The Now Zealand Loan and Mercantile Agency Company. Limiicd, have received the following wool telfgrnm from their London office : — " The sales opened with spirit on the 16th instant. Greasy has advanced lid to 2d per • l>; clothing, washed, 2d to2idper lb^ combing — washed, 2d to 2.j>! ; scoured, 2£d to 3d; fine gieasy crossbred, Id — since close of last sales. For coarse greasy crossbred the market is firmer. The attendance of both Home and Foreign buyers is good, and competition on the part of both is active. Foreign buyers are operating with confidence The opening catalogue contained 13,000 bales. The sales comprised about 325,000 bales. Twenty-seven thousand bales h'iv" Im en sent to the manufacturing districts diiect."' The British and Nkw Zealand Mortgage and Agency Co. have received the following wool telegram from Messrs Hehnuth Schwarfcze and Co., dated London, 21st inst. :—: — " Fales continue very animated. Opening rates are fully maintained."

Messrs Remshardl, M'Donald, and Co., are in receipt of tho following information, dated London, 17th hist. : — "The third series of salt's oponed yesterday. Foreign buyers are in large attendance and operate with freedom. Homo buyers well represented. Americnns buy cautiously compared witli last series. The advance in valuer, are as follow : — Greasy merinos 2d per lb ; washed and scoured merinos, about 3d ; greasy, washed, or scoured halfbreds, Id to lid; crossbreds and lambs, gd to Id. To-day's sale was very animated." WEEKLY LIVE STOCK AND PRODUCE REPORT. Wedn^day, June 23. Fat Cattle. — A moderate supply came forward, 169 head being penned — mostly of medium quality, only a few pens really prime. The demand was fairly active, and prices current were fully equal to last week's quotations. Weight, (Stephenson, and Co. sold 60 head, as follows: — For Messrs B. Campbell and Sons, Limited (Station Peak), 6 bullocks at from £7 to £11 ; for Mr Andrew Grant (Temuka), 5 bullocks at from £8 5s to £9 12s 6d ; for Mr Jolm Grigg (Longbeach estate), 14 prime heifers at an average of £6 15s per head ; for Messrs Dabinett and Young (Catlin's river), 10 bullocks at from £6 7s 6d to £8 12s 60, and 4 cows at from £6 15s to £8; for Messrs Jamps Allan (Hopohill), J. Oughton (Janefield), J. Moore (North-Bast Valley), and others, 21 cows at from £2 5s to £7 5.-> per head. — Privately, Wright, Stephenson, and Co. report having sold on account of Messrs Murray, Roberts, and Co. (Gladbrook estate) 121 prime bullocks and 104 prime beiFers at satisfactory prices to Mr William Patrick. — L. Maclean (on behalf of the British and New Zealand Mortgage and Agency Co., Limited) sold for Mr John Brueo (Brighton), 15 bullocks at from £4 12s 6dto£6 10s ; and for Mr Walter Miller (Portobello) 3 cows at £4 2s 6d,— The Mijtttat, Agency Co. sold as follows : — On account Mr 0. H. Morgan

(WaihoU), 12 bullocks at from £3 to £6; on. account Mr D.ivid Kirby (Kuri Bush) 11 bullocks at from £2 12s Gd to £6 17s 6d ; and a t'mv M»;dl drafts on account other vendors. — Donald R id and Co. yarded 81 head and M>ld for Mr William Shand (Keith Hall), 14 lml'ick* at to 17s 6.1 to £8 5s ; for Mr W. rickeiing (Porto'oello), 10 cows at £4 12s 6d ; for Mr W. Quinn (Makikihi), 7 cows at £6 to £tf ; for Mi^hin A and W. Gerrard (Winton), 7 cows to £0 ; for Mr Alexander Anderson (Inchylm), 19 hcitvH-s at £5 17s 6d to £8, 13 bullocks a« £6 7* 6. to £9 ; for Mr John Bruce (Brighttn), C!. H. Morgan (Waihola), Davis and Coleman, 10 .steers at £3 to £6 17s 6d.

Fat Sheep — 923 penned, including 140 merino wethers. This small number under ordinary circumstauce.s would have caused prices to harden considerably, as however, butchers held large stocks on baud from the glutted market of last week, values did not manifest any appreciable advance. Best crossbred wethers brought from 9^ Gel to lls ; best crossbred owe.-, 8s to 9.s 6d ; merino wethers, 3s to 6.s 6d. — Wkiuht, Stephenson, and Co. on account of Mr Walter Hartnell (Ksikai<f), 55 prime crossbreds at 9s 6d, and 95 merino wethers at 6s 6d; on account of Mr M. Anderson, 05 croshbrpd wethers at lls; ami .n> ,-iccount of M.- A. G. Sutherland (Ngapara), 28 crossbred ewes at 4s 6d, and 42 merino wethers at IK — Donald Stronach (on behalf of the Nev\ Zi-aland Loan and Mercantile Aijenr-y Company, Limited) sold on account of Mr John Cruickshank (Herbert), and other vendors, cros->hied ewes from 7s 6d to 7s 9d. — L. Maclean (on behalf of the British and New Zealand Mortgage and Agency Company, Limited) bold for Mr J. Harris (Balclutha), 5S cros«bred ewes at 6s 6d, and for Mr Henry P<ilmiT lOtakin), 74 halfbred wethers at 9s. — Tub Mutual Agency Company sold on account Mr A. C. Thompson (Mosgiel), 37 crossbred wethers at 9s. 28 merinos at 4s 6d, and 29 do at 3-> 9d ; and for other vendors a few small drafts. — Donald Rkid and Co penned 633, and sold for Mr William Quinn (Makikihi), 30 crossbreds at lO.s 9d, 33 at 7s 6d ; for Mr James Shand, 80 crossbred wethers at 9s 6d, 210 crossbred ewes at 7s 9d to 8s; for Mr W. Currie (North Taieri), 40 crossbreds at 9s 9d; for Mr H. L. Johnston (Berwick), 243 cros&breds. Privately, 600 crossbreds.

Fat Lambs. — 88 penned and sold by Wkiuut, SrtPHFN-soN, avd Co. at from 5s 6d to 6d. Doxald Stkonach (N.Z.L. and MA, Co.) sold on account of Mr John Cruicksbank (Herbert) one pen at 6s.

Pigs —424 penned. The supply consisted of well-fed bacon pigs, porkers, and stores. For the baconers there was good competition and fair pi/ices ww obtained, but stores and porkers were very cheap. — Wriuht, Stephknson, and Co. sold 280 as follows: —Bacon pigs at from 2Gs to 51s, porkers at from 12s 6d so 235, and s+ores at from Is Gd to 18s. — L. Maclean (on behalf of the B. and N.Z.M.and A. Co.) sold for Mr James M'Donald (Washdyke) 63 baconers at from 31s to 425; and for Mr Henry Palmer (Of-akia), 4 at 40s.— Donald Reid and Co. sold 53 for Messrs J. and J. Allison (Tokomairiro), W. Kirkland (Elmgrove). W. Shand (Keith Hall), James Shand (Abbotsford), and others, at from 22s 6d to G6s.

Store Cattle. — There is a fair demand for grown, well-conditioned bullocks for turnip feeding, also for one and two years old steers and heifers. — Privately, Wright, Stephenson, and Co. report the sale of 170 four and five years old bullocks at satisfactory prices.

Store Sheep. — We hear of occasional inquiries for crossbred wethers for fattening, but we have no sales to report.

Wool —Latest cable message from London, undnr date 20th inst., reads as follows : — " Sales continue very animated. Opening rates are fully maintained.''

Sheepskins. — Wkigiit, Stephenson, and Co. submitted a full catalogue, consisting chiefly of butchers' green skins, at their usual weekly sale on Monday, when all the representatives of the trade were in attendance tsiid every lot spiritet'ly competed for. . P">v<:.cipnting in the advanced rates for wool, dry croisbrfds (low io medium) Wought 8d to 2s lOd ; do merino, 9d to 2s lid ; dry pelts, Id to 4d ; greasy orossbreds, 2s 4d, 2« 6d, 2s 9d, 2s lid, 3s, 3s Id, 3s 2il ; do merino, 2s Id, 2s 2d, 2s 3d, 2s 4d ; lamhpkius, 2s 3d, 2s -Id, 2s sd, 2s 6d, 3s 2d.

Rahbitskins. — These are now coming to hand more freely. A good demand exists for all sorts except suckers, which are almo.st unsaleable. Wright, Stephevson, and Co. submitted a mixed catalogue to a full attendance of buyers on Monday.

Hides. — These show but little change in value. Good heavy weight are most in demand and scarce, but the markets is well supplied with other kinds, which are saleable at 2d to 2Ad for bull-; and inferior ; 3d to 3jd for light ; 3|d to 3^d for medium. It is only for exceptionally good hides frco from offal, cheeks, and shanks, weighing 601b to 651b, that 4d or a fraction over can be obtained

Tallow. — There is a brisk demand for shipment, and several small parcels have been disposed of for this purpose during the week at prices slightly in advance of late rate rates. Th'iro is also an improvement in the local demsuid for both tallow and rough- fat, and better prices pro now obtained. Quotations: Inferior, 13^ to 16s; medium, 17s to 19s; prime mutton, 20-^ to 21s; rough fat, 8s Gd to 12s 6d per cwli.

Grain. — Wheat : A keen demand continues to rai.M, nnd last week's quotations remain firm. All lots offered are quickly taken up Irrespective of quality. The quantity coming forward is very small, and h« the limited stocks in agents' hands are firmly hold for an advance, this business passing is only slight. The present tone of the market is exceedingly firm, and as holders all along the coast nortlwards are firm in their demands, prices here for some time to come are more likely to further advance than to recede Quotations : Prime milling Tuscan, 4s 6d to 4s 7d ; do white velvet, 4s 5d to 4s 6d ; prime hard red straw, which has the most demand at present owing to short supplies, commands 4s 4d to 4s 6d ; medium quality, 4s to 4s 3d ; inferior and fowls' wheat is also in good request at 2s 9d to 3s lid (ex store, bags weighed in). — Oats: Milling samples are in good demand for local requirements ; feed have also been in fair request by shippers, but as prices asked seem to be beyond their limits there have been fewer transactions during the week. Stocks are not, however, by any means heavy ; and so long as holders continue firm there is no reason why present prices should not be maintained. Quotations : Bright stout milling oats, 2s 5d to 2s Cd ; medium, 2s 4d to 2s sd; best bright short feed, 2s 2d to 2-, 3d; medium, 2-! to 2s Id ; inferior and discoloured, Is 9d to Is lid ; long tartars, (it for seed, are held for 2s 9d to 2s lOd (ex stove, bags weighed in) — Barley : This market continues inactive, and the operations of the week would not total a considerable r mount. Small parcels of malting have been placed during the week at from 2s 9d to 3s ; milling and medium, at 2s 4d to 2s Bd, and feed at 2s to 2s 8d (ex store, bags weighed in). Grass Seed,— At the present there is no

inquiry, and nothing passing in these lines. Quotations nominal. Potatoes. —Market quiet. Value, £3 to £3 5a per ton. The following additions to ex store prices will give the equivalent for f.o.b. : —Wheat, at Port Chalmers, 2d per bushel; do, Dunedin, Id do. Oats, at Port Chalmers, ljd per bushel; do, Dunedio, 3d do.

HORSE MARKET. Wright, Stephenson, and Co. report as follows :—: — Eighty-nine horses came forward for last Saturday's sale, including about a score of first-class draught mares and geldings from well-known breeders. For these there was good competition at prices ranging from £24 to £50. We again experienced great difficulty in quitting any of the light draught and small light harness horses, of which the rest of the supply was almost entirely made up. Privately, for shipment to Australia, we have sold 40 first-class draught mares and geldings at quotations. We do not, however, anticipate, for some time at all events, that the demand will be so brisk as it has been of late, owing to the principal buyers' requirements beiug now supplied. By the Waihora, sailing to-morrow, about 50 horses are being shipped to Victoria. We quote first-class draughts at from £27 to £33 ; medium, £18 to £22; light, £12 to £15; good strong carriage and ligt harness horses, £16 to £22 ; medium, £10 to £12; light and inferior, £2 to £6. DUNEDIN PRODUCE MARKET. J. H. Kir-Goun, Grain and Produce Broker, reports under date June 23 as follows: — Wheat. —The market continues active and supplies are stiil short of local requirements. My sales have been at 4s 6d for white velvet of milling quality; and red straw and Tuscan would fetch the same price, red straw being in most request; medium milling, 4s 3d to 4s 4d; inferior milling and fowl feed, 3s 9d to 3s lid. Oats. —Prices have gone beyond shipping limits, but supplies do not keep pace with local wants, I quote bright short feed, 2s 3d to 2s 3£d; ordinary feed, 2s 2d; milling, 2s sd, or, if exceptionally bright, 2s 6d. . * Barley.—Malting, quiet at 2s lOd to 3s: milling, 2s 6d; feed, 2s to 2s 3d. Chaff. —Supplies, especially of good quality, are very short. My sales have been at £4 for best quality, and £3 10s to £3 15s for ordinary. Potatoes.—The demand is limited to local requirements, but supplies have not' been large, and prices have advanced. My sales since date of last report have been at £3 5s to £3 15s—the latter being the price to-day for best Derwents; kidneys, £4. Grass Seed.—No transactions. Butter.—Best quality fresh, Is; salt, quiet at 9d to 9gd. Eggs" —Is 6d per dozen; supplies full. Turnips.—22s Gd for Swedes. Carrots. —4os. RABBITSKIN MARKET. Messrs Remshardt, M'Donald, and Co., Bond street, report as follows: — We have to report a speculative demand. Rabbitskins during the past week have sold freely at late rates. We quote winters at 2s 3d per dozen, other kinds in proportion. Suckers are in strong demand at l£d to 2d per lb. During the next mouth we require several hundred bales of all descriptions. Horsetail hair remains at Is per lb. THE FROZEN MEAT TRADE. The New Zealand Loan and Mercantile Agency Company, in their circular for the outward San Francisco mail, report as follows: Dunedin.—The s.s. Kaikoura will carry from Port Chalmers 4300 carcasses mutton, prepared at the Burnside works, and 5000 fronr'ffie Oamaru works. The c«. Arawa will follow, taking GOUCT carcasses mutton, now waiting shipment at Port Chalmers. The works at Burnhide will stop for overhaul of machinery before starting to prepare a shipment for the s.s. Eklerslie, due early in August. Invercargill. —The Southland Frozen Meat and Produce Export Company have now commenced operations, and about 8000 carcasses of mutton are being prepared at the Bluff works for the s.s. Eklerslie, to leave early in August,