COMMERCIAL.

Temuka Leader, Issue 1434, 28 November 1885, Page 3

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE. The Corn Exchange reports for the week ending Friday evening, the 27th lost. : The grain trade has been quiet during the past week, business that has transpired being principally ex store parcels, farmers being still busily engaged shearing. Good reports come from the country districts with reference to the state of the growing crops, but the acreage is not expected to reach that of previous years. We are pleased to notice the chief wheat markets of the world are still firm in their demands for prime corn, and we can only express a hope’ that more prosperous times are in store for our agriculturists in the no distant future. 1 Prime milling wheat, Pearl and Hunter’s, is very firm at 3s 4d ; indeed, holders of very prime demand 3s fid for Pearl. Tuscan, prime, is quoted at 3s 2d, Second quality is still offering plentifully, but a deal ef the lower grades are being taken up for what is called chicken wheat, for which there exists a strong demand at from 2s fid to 2s 7d. Second quality we quote at from 2s 8d to 2s lid. Oats are dull, but the quantity offering i is not excessive. Quotations are— for milling, Is lid ; bright short feed, Is 9d to Is lOd ; discolored and inferior. Is 7d. Barley can only be quoted nominally at for prime malting, 2s 9d to 3s 2d ; feed, Is 9d to 2s. Beans can be placed at 2a 8d for hard dry parcels. The only quotations we give for grass need is 4s fid for machine-dressed ryegrass. The season has passed for Derwent ootiitoes, the only enquiry being among local dealers at from 30s-to 35s at country stations. Prime butter is in demand at 7d to Bd, but second quality and old packed has only chance sale.. Prime new cheese is being offered at to 5d in the Peninsula ; very little old cheese is in the market. CHRISTCHURCH STOCK MARKETS. At the Addington yards on Wednesday large entries of stock of all kinds were yarded for the day’s sale. Sales commenced with fat cattle to a moderate attendance of the trade. A large proportion of the cattle were of very good quality, and, the demand being rairly brisk, late I values were perhaps more than upheld. Steers sold at from £6 7s 6d to £9 10s ; heifers, £5 2s to £7 10s, being from 20s to 21s fid per 1001 b, as per quality. A large entry of fat sheep yarded, principally shorn and of excellent quality. Sale commenced well, and continued so till near the end, when the demand slackened and values receded somewhat. Taken throughout, however, the recent demand for export has slightly hardened prices. Shorn crossbreds sold at from 10s 9d to 14s 9d ; ewes, 9s fid to lls ; merino wethers 6s fid to 7s fi t per head. A large number of fat lambs yarded ; more than sufficient for requirements. Sales made at from 5s fid to 8s per head. A heavy market of store sheep yarded, hoggets

forming the principal part. Demand not very good. Sales made at from 6a 9d to 9a 6d. Lines of merino ewes and lambs sold at from 7 to 9s. A large number of store catne on offer. No alteration to quote in values. Piga also in good supply, demand dull, DUNEDIN PRODUCE MARKETS. J. H. Kilgour, grain and produce ' broker, reports under date November 25, as follows: Wheat There is no change in the market to report, and I repeat quotations of last week—viz. : prime milling, 3s 4d, and medium 3s to 3s 2d. Fowl feed continues in demand at 2s 8d to 2s lOd. Oats—The market this week has been exceedingly quiet, and prices are rather weaker; but there are indications of an improvement in the shipping demand very shortly. Quotations at present are : srime milling, la feed, Is 9|d ; ordinary, Is 7£dto Is B|d ; inferior, Is 6d. Barley—Business is quiet for all descriptions —malting, 3s ; feed and milling, 2« to 2a 3d. Chaff—The market is fairly supplied, but best quality would fetch £3 2s 6d to £3 5s ; inferior and medium, slow of sale at £2 10s to £2 15s. Potatoes—Sales of Derwents are now very slow. My sales have been at £2 6s, in small lota. Butter —There is a fair demand for fresh at 7d for prime, 6d for medium, and 5d for inferior; salt, 8d to 9d (kegs extra). Demand active. Cheese—s£d for best quality. Eggs—Prices to-day 9d, with a bare supply. Grass Seed—Demand over. AUSTRALIAN MARKETS. Melbourne, Nor. 25. The Melbourne Manager, of the National Mortgage and Agency Company of New Zealand, Limited, reports on the produce market as follows : Shipping wheat is quieter at last week’s prices—viz., 3s lid to 4s ; malting barley is dull and henry at 3s to 4s ; New Zealand oats, feed sorts, flat, and prices drooping, at 2s lOd to 2s lid ; milling oats, Id lower, barely is maintained at 2s lid to 3s ; New Zealand oats, under bond, are worth 2s Id to 2s sd. , Nor. 26. The New Zealand Loan and Mercantile Agency Company, Limited, held their usual weekly wool sale this afternoon, when a fairly representative catalogue of some 4600 bales was submitted to the usual large attendance of buyers. Competition was animated, the market being very firm at late prices. Good merinos and crossbreds were rather firmer, and coarse crossbreds were in better demand. Other descriptions were unchanged in value. Greasy merinos sold up to Is, and greasy crossbreds brought as much as lid ; scoured wools sold up to and washed fleeces 16|d. ENGLISH MARKETS. London, Nov. 26. Wool —6200 bales were submitted by auction to-day. The tone of the market was generally firm, and the various lots met with active demand. Dalgetty and Co. (Limited) have received the following cablegram from their head office, dated London, 23rd inst.; —“The wool sales continue firm and active, with brisk competition, prices being rather higher, especially for all combing qualities. Tallow (good to prime beef), 25s per cwt., c.f.i., London ; do (mixed), 23s do.”