COMMERCIAL.

Patea Mail, Volume X, Issue 1312, 23 February 1885, Page 2

COMMERCIAL.

PATEA RETAIL PRICES. Buying Selling. Butter (per lb) lOd Is Cheese (colonial) 7d lOd Eggs per doz. 8d lOd Potatoes (per hag) 4s 5s Butchers* Meat— Selling. Beef ... 2d to 3d Steak ... 3d Mutton ... 3d Pork ... 4d Yeal ... 4d to 6d Flour, local, 13s per lOOlbs ; Oamaru, 14h per lOOlbs ; chick wheat, 2s 9d per bushel ; oatmeal, 4s 6d per 25 lbs ; bread 4d 21b loaf.

LATEST MARKETS.

QUINLAN, MANDER & CO’S PATEA STOCK SALE.

Patea, February 23. At onr opening sale on 20th inst. there was a large attendance, but bidding, owing to the likelihood of warm weather continuing, was not so brisk as it otherwise might have been, and our entries suffered largely from harvesting operations demanding them from mustering stock. We yarded 175 head of cattle, 968 sheep, 14 horses, and 12 pigs. The following prices were realised :—Mixed -yearlings,. £1 10a.; 2-ycar-old steers, £2 8a ; 3-year-old steers, £3 14 6d ; 18-months-old heifers, £1 15s 6d ; cows, from £2 to £3 17s 6d ; 2, 4, and 6 tooth ewes and wethers, 8s Id. All the cattle were disposed of with the exception of a pen of 25 fat bullocks which were passed in at £5 15s. Eight hacks changed hands at from £2 to £9 ; light draughts brought from £5 to £8 ; and pigs sold at from 9s 9d to 17s 6d. Our furniture sale was very successful.

[telegraphed by redter]

LONDON— February 18

Money Securities. —3 per cent Consols now at 99. New Zealand securities are quoted as follows :—6 per cent 10.40 loan, XD4J- ; 5 per cent 1889 loan, 108 ; per cent 1879-1904 loan, 103^; 4 per cent inscribed stock, 99£. Bank rate of discount reduced to 4 per cent, and market rate is now 3£ per cent. The total reserve in the Bank of England in notes and bullion has risen to £14,900,000, an increase of £900,000 during the week. Proportion of reserve to liabilities remains at 46 per cent. Breadstuffs. —Adelaide wheat, ex store, has risen, and is quoted at 36s per 4961 bs ; New Zealand wheat, ex store, 28s to 34s ; Adelaide flour, ex warehouse, remains at 255. Tallow. — Australian tallow, average quality, beef, 33s 6d ; and 34s for mutton Leather. —Best sides Australian leather are worth lid. Flax.— The New Zealand flax marker continues quiet at the following quotations :—Fine quality, £2B per ton; medium, £26 ; common, £22. Wool Sales —The New Zealand Loan and Mercantile Agency Company (Limited) have received the following telegram, dated London, February 13 :—The wool sales cleosd firmly. For superior greasy, superior combing washed and good scoured crossbred, the market is unchanged. Medium and inferior greasy, ditto clothing washed and ditto scoured, have declined £d to Id per lb. There has been much irregularity in biddings, and seedy and burry wools are neglected. Foreign buyers operated with confidence, but Home buyers without spirit. The sales comprise about 110,000 bales; 110,000 bales have been taken for export, and 40,000 bales are held over for future disposal. Frozen Meat —New Zealand frozen mutton, prime quality, remains at 4fd to fid. The Australian mutton, ex John Elder, was in good condition, and realised 4£d to 4fd.

MELBOURNE— Friday. Breadstuffs —-The Melbourne manager of the National Mercantile Agency Co. of New Zealand (Limited) reports the local grain market as follows: —Wheat improving and quoted at 3s 6d to 3s 7d. Malting barley quiet at 4s to 4s 9d. New Zealand oats, feeding qualities, quiet, at 2s 9d to 3s 3d ; milling steady, at 3s 3d to 3s 6d. Kauri timber steady but not active.

SYDNEY. (N.S.W.)^Fbiday. BBMJWTOTITSS-Wew^Jealand oats, 2s 4d —per-lmahel ; New Zealand wheat 2s 9d nor Bushel ; maize at 3s 9d pcrbushek AUCKLAND— Friday. PRODUCE, — Balter (fresh), 8d per lb ; salt, 8d to lOd ; eggs, Is 6d per doz ; bacon and hams, provincial, lOd to Is ; hams, Is to Is 4d ; Canterbury hams and bacon, 9d ; in cloth, hams only, lid ; cheese (good local), 5d to 6£d per lb • lard, per bladder, 7d ; fowls, per pair, 2s 6d to 4s ; ducks, each, 2s to 6s ; geese, each, 5s to 7s ; turkeys, each, 5s to 8s 6d, Feathers, baked, clean and selected, Is 6d to Is 9d per lb. Fodder. —Mr Buckland reports that at the Haymarket on Friday (Feb 13), fodder brought from 2s 6d to 4s per cwt; oaten chaff , £4 10s per ton ; oats 2s lOd per bushel. Horse Stock. —At the Haymarket on Friday (Feb 13), there was good enquiry for active horse stock suitable for omnibus work, at prices up to 20 guineas each ; other descriptions dull of sale at late values. Wool, Hides, Skins, &c-—At Haymarket on Tuesday (Feb 17) wool in bales brought from 4Jd to 6£d per lb ; sheepskins from Is to Is 10 each ; hides from l|d to 3jjd per lb ; calfskins from Id to 4£ per lb ; tallow and fat from 15s to 27s 6d per cwt.

CATTLE, Sheep, &o.—Mr Buckland reports that at Pokeno yards on Monday (Feb 16) the cattle, sheep, and horses yarded were all sold at fair values.—At the Drury yards on Wednesday (Feb 18) cattle were yarded in full number, principally cows and young stock. There was a numerous attendance, and all yarded were sold at satisfactory prices.—At Remuera on Thursday (Feb 19) the steers advertised sold freely at satisfactory prices. Dairy cows were in moderate enquiry at late values ; fat cattle were yarded in excess of requirements, and about one-third remained unsold ; the tiade are full, and only purchased choice quality at lower values than have hitherto ruled. Prices for well-fatted steers ranged from 17s to 20s, and for cows and second quality steers from 13s to 17s per lOOlbs. Store ewes brought 7s each ; store lambs, 4s to 7s ; fat sheep sold slightly better, but lambs were lower in price ; prime quality brought 9s to 11s each. A large muster than usual of choice fatted pigs of medium and light weights sold freely at full rates. WELLINGTON— Friday . Produce, &c. —Flour, from £9jto £9los has usual trade ; oatmeal, firm at £l4 10s per ton in sacks ; wheat, 2s 9d to 2s lid ; potatoes have lowered to £3 15s to £4, and further decrease is expected ; oats, 2s 9d to 3s ; maize (scarce), 5s 3d per bush ; cheese at 9d ; country-cured, 6d ; fresh butter, no demand, 6d to 7d ; salt butter, without enquiry, nominally 7d per lb; eggs are scarce, and now at Is 6d per doz ; onions vary, £9 to £l2 per ton. CHRISTCHURCH-Fkiday. Produce. —Till the crops are in it is difficult to quote prices. For Tuscan, 3s ; early Pearl, 3s 2d ; Hunter’s, 3s 3d ; seconds is not even quitted at Is 6d to 2s. Flour, £8 to £9 per ton ; oatmeal, £l3 per ton. Oats, at 2s for old, and Is lOd for new. For barley, 3s 6d to 4s. Cheese quite neglected, at 4d to 4£d per lb ; butter (salt) 6d to 6d ; fresh, 6d to 7£d ; eggs, la 3d per dozen. Hams and bacon, 8d to 9d per lb. Rye-grass seed, 2s 6d to 3s per bushel ; cocksfoot, cutting is being carried on vigorously, and 3d per lb is quoted. Potatoes, (none). Live Stock. —Reef is quoted at 17s to 20s per lOOlbs ; mutton, 2d to 2£d per lb ; bacon pigs at 50a to 60s ; porkers, 27s to 38s 6d, Horse Market. —Medium draught £ll to £l4 ; good draught, £22 to £3O ; 3-year-old unbroken cart colts, £ls to £2l ; 2-year-olds, £7 to £l2 ; hacks, from £6 to £10; well-bred ditto, £l2 to £l6. Plough horses, £lB to £26. There still continues a firm and healthy trade for good staunch young draught horses.

DUNEDIN— Friday. Live Stock, —Beef, prime, 22s per lOOlbs ; medium, 17s 6d ; mutton, to 2£d per lb.

MR NEWTON KING’S WEEKLY AUCTION AND PRODUCE REPORT.

New Plymouth. Haymarket Yards. —Pigs sold fairly well ; slips made 5s to 7s ; stores 13s to 14s 6d. Seven hacks were sold at prices ranging from £1 5s to £6. Cattle. —A large number of cattle mustered at Stony River on Wednesday. The bidding was brisk for all steers, and good prices for young and old ; heifers and cows, however were somewhat neglected, and reserves were not reached for these. Young heifers made 30s ; 18-raonth-old steers, £2 8s to £2 19s 6d ; 2-year-old steers, £3 Is 6d to £3 5s ; 3-yeav-old steers, £5 ; 3-year-uld do, good condition, £5 8s ; cows half fat, £B 5s ; calves, 19s ; fat sheep, 11s. Produce. —Butter : I received a cable on Tuesday, from Sydney, that “ Butter dropped three prence; more rain ; outlook bad ” As I anticipated, prices here have fallen, and buyers are not “ Cocksfoot. —This seed is late in coming’ forward.