COMMERCIAL.

Temuka Leader, Issue 1983, 17 December 1889, Page 4

COMMERCIAL.

a uotionjskaa report. TIMARU. Mr E. R. Guinness (for the Now Zealand Loan and Mercantile Agency Company, Limited) reporls for the week ending Saturday, December 14th, as follows Washdyke Yards —Large entries, especially cattle, have been received at these yards since the fees for unsold stock have been done away with. We would remind buyers that the entries of both sheep and cattle will now, without doubt, increase, and it would be to their interest to attend these sales regularly. Fat Cattle: The market is well supplied, and no improvement m prices can be quoted; in fact, beef has a downward tendency, and is not bringing more than 17s per 1001 b for prime quality, and 15s to 16s for medium. Stores: 1 here have been plenty of good stores and heifers in the market, but with very few exchanges. Prices and demand show a considerable weakness, and values are very much in favor of buyers. Sheep: Only limited numbers of fat have been brought forward during the last few weeks, these being principally old crossbred ewes. The few prime lots offering fit for export meet with ready sale at equal to 2d per lb. Stores: Small entries have as yet come forward. There are lots of buyers who cannot make up their minds what prices to give for 2 and 4 tooth crossbreds. The general opinion is that this class of stock will be lower, We, however, are not of that opinion, and tlr'nk, on the face of the promising turnip crops, and the requirements for the south, stores will rise,

Sheepskins—There have been no sales bv auction for some weeks from various causes. Privately we have disposed of all on hand, some 1578, at very satisfactory figures, as under : Best quality merino and halfbred, per lb ; second, 7^d; crossbreds, 6fd to 7d ; butchers’ best skins, 7s 6d to 8s; second, 6s to 7s; factory pelts, Is each; butchers’, 6d to Bd. Hides —The market remains dull, and prices remain at late quotations. Pat—We have disposed of rough, medium quality, at 10s 6d to 12s 6d, and best up to 15s per cwt.

AUSTRALIAN MARKETS. Sydney, Dec. 18, G-ood milling New Zealand wheat is selling at 2s 6d, and as a consequence it is likely that between 30,000 and 40,000 bags will be shipped to London. Svdney advices quote New Zealand potatoes selling from 10s to 30s per ton ; oats, Is 9d to 2s 3d, the latter price being for extra prime samples; bran, 7£d to 8d; pollard, Bd. Harvest prospect the best for the last ten years.

ENGLISH MARKETS. London, Dec. 12. Tin is quoted at £9B 10s, The rates for storage of frozen meat have been reduced. New Zealand mutton is selling at 4!d per lb ; New Zealand lamb at 6d. "The wool sales closed steady at 5 per cent, above the October rates, Dec. 13. New Zealand 4 per cent, inscribed stock, 107| 5 rocket steady. Australian wheat, ex warehouse, 39s 6d —quiet; New Zealand longberried ditto, ex store, 38s 3d —firmer.

Sugar —German beet, lls 9d—quiet; Java cane, 15a.

The total quantity of wool catalogued up to date is 161,000 bales, of which 4400 wore held over from last series. Ninety thousand bales have been sold for export.

Tho New Zealand Loan and Mercantile Agency Company, Limited, have received the following cable message from London, dated December 12tb, 1889:—

Wool —Tho sales closed fairly well. Since close of last sales nearly all descriptions have advanced id per lb. The sales comprise about 148,000 bales ; 90,000 bales have been taken for the Continent, and 4500 bales have been held over for future disposal. New Zealand Hemp—There is a fair trade demand. Medium is worth £2B per ton.