COMMERCIAL.

Temuka Leader, Issue 1410, 27 October 1885, Page 1

COMMERCIAL.

TIMARU PRODUCE MARKETS. The Canterbury Farmers’ Co-opera-tive Association, report for the week ended 23rd October, as follows • Wheat. —Prime milling samples are enquired for, and velvet and Tuscan command 3s 2d to 3s 4d. Red chaff is still plentiful, and is worth 2s 81 to 2s 10d ex store. They have placed several parcels at quotations, Oats,—The market is dull. Advices from Sydney report an unsteady market, owing to heavy consignments from; New Zealand. Buyers are therefore not disposed to speculate to any extent,and only buy for actual orders. They i quote as present values Is 7d to Is 9d. f»r long feed, Is 8d to ,3s lOd foi short feed, and la 9d to 2s for heavy milling. Barley is worth nominally 2s 6d to 2s 8d for prime malting. Very little business is doing in this cereal. AUSTRALIAN MARKETS. Sydney, Oct. 23. New Zealand wheat is at 2a Bd, a decline of 2d per bushel. New Zealand oats have fallen Id in value, and are quoted at 2s 4d per bushel ; maize, per 56lbs, is Id lower, 3a 6d. (Sugar Company’s No. 1 pieces remain at L 26 per ton. Adelaide, Oct. 24. The produce market remains quiet,| Shipping wheat ia from 3s to 4s Id 5 town flour, L 8 10s ; country do, L 7 15s to LB. ENGLISH MARKETS. London, Oct. 24. i'he wheat market is inactive. Adelaide, ex warehouse, is quoted at 87s. A few off-coast cargoes have been sold, me of them to a Continental purchaser at 35s 10|d. Large purchases of fndian shipments have been made. New Zealand wheat, ex store, is at 29s to 345. Adelaide flour, ex store, 25s 6d. The New Zealand Loan and Mercantile Agency Company, Limited, report under date London, Sept. iOlh, 1885, as follows : Wool. —The fourth aeries of sales opened on the Ist instant, the available arrivals aggregating 296,913 bales; Ol this quantity some 27,000 have been forwarded to the manufacturers direct, whilst about 70,000 bales old stock were carried over from the third series, thus making a net available total qf about 840,000 bales. The catalogues comprising the first day’s auctions were rather heavier than usual. The selection of wool was, however, somewhat indifferent, and was made up as follows: New South Wales, 2872 bales ; Queensland, 862 ; Victoria, 842 ; South Australia, 797 ; Western Australia, 41 ; Tasmania, 442 ; New Zealand, 3880 ; Cape of Good Hope, 2653 ; total, 11,889 bales. There was only a' moderate attendance of buyers, the foreign section of the trade especially being but poorly represented. Competition from the first was restricted and hesitating, and prices for Australasian merinos ruled from to Id per lb lower than,at the close of the preceding series, whilst crossbreds, though somewhat weak, were without material change. As the sales have progressed, increasing signs of weakness have been apparent. The Home trade have operated with some freedom, but, being inadequately supported by Continental buyers, the biddings have been marked by considerable irregularity, and prices have further declined. For good shafty merinos’ light in the grease and otherwise suitable for American or special Continental requirements, which are in short supply, folly opening rates am paid, but the general run of Australian and New Zealand merino staple in the grease must now be quoted at Id to l|d per lb lower than at the close of the third series, whilst the decline on fleece washed ia to 2d, and on scoured 2d per lb. Greasy crossbreds as compared with the lowest rates of last sales are quite per lb lower, the decline being most marked in the case of medium and course descriptions, and a fall ot fully Id per lb has occurred in washed and scoured. Lambs’ wool is very irregular, prices generally being to Id per lb lower. Thus far competition does not appear to have been stimulated by the reduced level of prices, and heavy withdrawals continue to be made each evening. Home manufacturers appear to be fairly well employed, but are naturally embarrassed by the'recent almost uninterrupted decline in the price of the raw material, which interferes with the profitable disposal of the manufactured article, whilst confirmation of the unsatisfactory state of trade on the Continent is found in the failures which have been announced there during the past few days. Corn Market—During the fortnight which has lapsed since the date of our last issue, the tendency of this market has been towards lower rates, and only a limited amount of business has passed at irregular prices. Harvest operaliuLP (

have been checked in (ho later districts by the unsettled weather which has recently prevailed, but reports of the yield up to the present continue to show a good average in quantity, though variable as to quality. The out-turn of the crops in France, Germany, and Hungary Will he, it is anticipated, on the whole eau’sfactory, but the estimated sbortege in America and Russia is confirmed by the most recent reports. ritippMe* on passage and 'shipping to. the (Jnitfed Kingdom have further declined fund 1.798.000 quarters a fortnight ago to 1.582.000 quarters. The quantity at lha corresponding period of last year was 1,860 009 quarters. The “ vi'-ihle supply” in America is now giv-u *js 41.675.000 bushels, as against 42.575.000 bushels on the 28th ultimo, and 18,025,000 bushels at tb* sane time in 1884.' To-day’s quotation-, at, granary, are as follow Australian wheat, 35s 6d to 365, New, Zealand Wheat—Long-berried; fine, 33s io 34s fid ; medium, 31s to 32s ; inferior, 28a to 29s ; shnn-berried : fine," 31s fid to 33' ; medium,,Bls to 3l« 61 ; inf rior, 28' to 29s—per 496 bs. Australian F.our—Superfine, 24s fid- to 25s fid ; fi ie, 21s to 23s New Zealand ,Flbur —Patent; 24s fid to 25s fid ; fine, 20s to 22s—per 280’bs gross. Now Zealand Barley—-No, 1, §3s to S4s ; No, 2,25 i fid to 26' fid—per 448 bs. New Zealand'Oats—Heavy, 80s to 31a.; ordinary, 26s to 27s—per Imperial qunr. New Zealand Beans—No. 1, Ssa to 37s ; No. 2,33 sto 345. N-w Zealand Peas—Average, 33s to 85s ; wrinkle, nom. 52s— per 5041b5. A moderate business has taken place in oats and barley at slightly easier rates. Beane are in abort supply, and for a very fine parcel of New Zealand 37s per quarter was paid. Peas are unchanged in price.