COMMERCIAL.

Temuka Leader, Issue 2882, 17 October 1895, Page 3

COMMERCIAL.

TEMUKA STUCK SALE

At the Temuka yards on Tuesday the attendance was well up to the average. The entries comprised 1700 sheep, 100 head cattle, and 90 pigs. Most of the sheep changed hands at satisfactory prices, showing an upward tendency, while cattle and pigs did not command a very ready sale. The cattle were mostly in poor condition, the continued dry weather making feed very scirce. The following prices were realised :

Sheep--Fat, butchers’ lines, 14s Gd to 16s ; hoggets, 9s Gd to 10s 3d ; ewes and lambs, up to 7s Gd ; one small pen, with very forward lambs, fetched ]Gs ; store ewes, Gs 2d. Pigs —Weanors, 3s to 4s ; porkers, JOs to I7s Gd ; stores, Gs to 8a ; sows, 20s. Cattle Fat cattle, no entry; cows, springers, £3 to £5 los ; milkers, £3 2s Gd steers, £3 17s Gd ; heifers, £3 ; yearlings, £1 Is to £1 14s ; calves,sloa Gd. DUNEDIN PRODUCE MARKET. The following is the report for the week ending Wednesday : Wheat—Business during the week has been confined almost exclusively to auction sales on Monday last, when values wore as under :—Prime tuscan, 3s 9Jd ; red chad', 3s 9Jd ; medium milling, 3s 8 1 to 3s 9Ad; fowls’ wheat, 2a Bfd to 3a Gd (cx.store, sacks in). Up to these limits compote ion was good. Qats —There has been a bettor demand siuce last report, and an advance of, say, Jd to Id per bushel has been recorded for some grades. (Quotations : Best, IsUd to Is UJd ; good, Is 8d to IsSfd; medium and inferior, Is 7d to ls74d (ox store, jpacks extra). JBarley—lnquiries are more numerous, and sales are made at—for boat, 2s bCf ; medium to good, 2s to 2s 14 1; food and inferior, is 9.’.d to Is 10.',d (ex store, sacks •extra). i Ryegrass —Orders have been coming in freely,'and large parcels have been placed. Machine dr< ssed, 3s Gd to 4s Gd; fanners’ dressed, 2s 3d to 3s 3d per bushel. Cocksfoot—Bright heavy samples, 4ld to bid per lb (ex store, sacks extra)^. Chad'—Prime heavy, £3 us to £3 7s Gd ; medium, £3 to £3 2a (id ; inferior, £2 10s to £2 17s Gd per ton (bags extra). Potatoes There is fair demand sir prime derwenls .at £1 7s G 1 to £1 10s. Butter —Salt, good quality, 7d per lb ; medium, od to Gd ; inferior, 2d to 3d, Cheese —Prime factory, 4d net. Piga—Demand quiet, 2 ,‘d to 3d per lb for good quality of right sizes.

Sheepskins—Prices all round are very firm, and a slight advance on those of last week is noticeable. Butchers’ green crossbreds brought 3s lid to Os ; inferior crossbred, Is 4d to 3s 9d ; heavy merinos, 3s Od to 4s 9d; medium do, 2s to 3s 3d ; inferior do, Is to Is lOd ; and green lambs, Od to Od. Hides—-Vhe rise in hides lately quoted is fully maintained. Quotations ; Best heavyox, 3]d to 3jd; medium to good,2£d .'o 3d; others, l£d to 2d; and inferior and slippy, 1 |d to l ,)d. Tallow —-All consignments are being readily placed at late quotations, which are : Prime rendered mutton, 17s to ISsOdpercwt; medium, 14s to 10s; interior, 11s to 13s. Bough Pat —Best mutton can!, 9s Od to 11s Od; medium quality, 8s to 9s.

DUNEDIN STOCK MARKETS. At tho Burnside Market on Wednesday the following business was transacted : Fat Cattle —187 head yarded, and of these about two-thirds were prime, but bidding was anything but keen, and a fall of from 15s to 2;Ja per head had to be submitted to in most canes, but a few pens wore turned out unsold. Beat bullocks brought £9 10s to £lO 15a, one or two extra heavy up to £l2 7s Od ; medium bullocks, £8 to £9 5s : others, £0 to £7 15s; best cows, £8 to £9 2a Gd; others, £5 to £0 17s Gd. Fat Sheep—3o3o crossbred aud 220 merinos yarded. The crossbreds were for tho most part good to best quality, a few pens being very heavy. Tho merino wethers were also of good quality. Competitio n for freezing qualities was good throughout the sales, though medium to inferior classes showed a slight decline towards the clese of tho sales ; but prices generally were quite up to those of last week. Boat crossbred wethers brought 17e 6d to 19s Od, and extra heavy up to 20s Gd; medium wethers, 15s to 10s 9d ; others, 13s 3d to 14s 9d. Best crossbred ewes, 15s to 10s Gd; medium do, 12s 3d to 14s 9d ; others, lls to 12s ; and merino wethers up to lls 9d. Fat Lambs —Seventy-two were penned to-day, and a few of these were very choice. Best quality sold at lls to 13s; others, 6a 3d to 10s. Pigs—2lo of all descriptions. Competition was dull, and prices all over were in favour of buyers. Suckers brought 3s to 7s; slips, 9s to lls Od ; stores, 12s Gd to 15s ; porkers, 20s to 225; bacouers 23s 6d to 30s ; and a few extra heavy sows up to 555.

MONETARY AND COMMERCIAL

London, October 10. The weekly returns of the Bank of England, published to-day, show the total reserve to be £31,764,000, and the proportion of reserve to liabilities 57.48 per cent. Three mouths’ bills are discounted at | per cent. Consols, 107 West Australians have undergone a general decline, but to a less extent than the Africans. New Zealand long-berried wheat, ex warehouse, nominally, 20s Gd ; South Australian dit:o, quiet, 27s Gd ; Victorian ditto, firm, 27s Gd. There is no alteration in the New Zealand hemp market. The New Zealand frozen mutton, first quality, 4Jd per lb ; second quality, 4gd ; lamb, 4jd.

A few of the bullocks, ex Ormistou Grange old at about £ls. Some of the Buteshire’s sheep sold at 40s each. At the wool sales a poor selection was offered. Good scoured and faulty sorts are weaker, but greasy wools are firmer. October 11. The New South Wales loan averaged £9G 8s 3d. The Standard considers it a very qualified success, much of the stock not being strongly held. The Financial Times is glad that the success of New South Wales is within reasonable bounds, as the heads of the other colonies will not be turned. Hemp is firm. Fourteen bales of good Now Zealand sold at £lO ss. 310 bales were bought in. Butter, Danish, 118 s; finest colonial, nominally, 112 s. Some of the Ormistou Grange’s medium bullocks brought £l7 at Smithfield, or 2s lOd. The Buteshire’s sheep brought 40s to 445, averaging about 8s Od per stone. The salesmen consider the quality and condition excellent. The beef importers’ combination has callapsed through the discovery that a Sydney importer was selling below the minimum. The wool market continues brisk. The silver market has small supplies and a restricted shipment. The American market is hardening. Mr Playford, Agent-General, desires that the South Australian i nscribed Act of 1882 be put into force. Mr Glyu contends that the bank’s appointment under the Governor’s declaration ia permanent, and in any event the bank is entitled to adequate notice. It is believed that other inscribing banks are supporting MrGlyn. Mr Payford considers that Canada’s closing of Mr Glyn’s agreement to inscribe stuck forms a precedent. October 13. The Times says that the very rich mealy Australian Cheddars exhibited at the Islington dairy show ought to arrest attention in the English markets. The wool sales closed firm at opening rates, although faulty scoured merinos and crossbreds declined £d. Two-thirds of the withdrawals this week comprised Cape wool. American representatives took 5000 bales. It is expected that about 180,000 will bo available for the November series. 'The total quantity catalogued during the series was 214,000 bales, of which 94,000 wore sold for export and 123,000 for the Homo trade.

The English wheat market is weak without quotable change ; tho Continental is depressed, and the American has an upward tendency Tallow, medium mutton, 22s 9d ; beef, 22s 3d. Hides have generally declined Is 9d and basils Is 2d, Leather is unchanged. The Tainui’s cheese sold at 435. October 14. Silver, 2s Bjd. The bulk of tho Buteshire’s sheep were s >ld at 40s. New York, October 14. 3. C, Carlisle, Secretary of the Treasury, speaking at Boston, declared tint it was imperative to retire greenbacks at. soon as a safe currency was fouud. Madrlh, Oct, 10. .Spain is rai ing a £3,000,000 loan for tho posccutiou of the war in Cuba. Syon'ev, Oct. 11. 1 he week’s wool sales closed with prices Mi to as strong as on the opening day. firry soils tiro in rattier hotter request. 3.(133 hales were olibn d, ami 32,20 S sold, Tim ll.raid says that 1 If) result, of Ibo •aw loan is very satisfactory !u ,d highlr ■■it'.tying. Never heb.ro has hijh a I-'O been obtai nod !,y :in Australian •boiy. Ihe highest previous was tho O.v Zealand 3 per cent. Can, which if ;atod on equal tonus of currency would ve realised £<M qd.

Master Imtchurs’ organisations have Jon formed with a view of placing tho

trade on a more satisfactory basis. Meat has gradually risen in price during the last few months, but the retail butchers are getting scarcely any bettor prices than when it was 100 per cent, cheaper. Business is so bad thatabout 100 retail butchers in tho city and suburbs are obliged to close their shops. October 14. Consequent on the advice from the London silver market and the very active and general advance in prices, similar activity prevails in the Melbourne and Adelaide markets. October The activity in the silver market continues. Extensive sales were made to-day, and there were further advances in price. Junctions are quoted at 3s. An agreement between tho St. Joseph’s Building Society and the depositors has been arrived at for a reduction of the interest on deposits from 5 per cent, to 3 per cent. Adelaide, Oct. 11. The Register says that the condition of thegrowiug wheat crop is causing increased anxiety and the backward state in some districts has not enabled the crops to withstand the late dry weather. The yield is certain to be small. In other districts the outlook is not so bad, and the crops are still in a position to recover with a good rainfall. The recent rains were insufficient and rain is anxiously looked for and needed in the northern, western, and eastern wheat districts, and unless it comes very soon the prospects are dark. Melbourne, Oct. 12.

The Age, commenting on the proposed amalgamation of the Bank of New Zealand and the Colonial Bank, considers that compared with what other institutions are earning, the Colonial’s business is of a profitable character, aud worth buying by a bank. 4 he Premier says he would not have been justified in guaranteeing the Manchester syndicate the half of an loss on the reduction of freights, but negotiations were still proceeding and he was hopeful of arranging a monthly service. Representatives of the firm are coming to Melbourne about the matter.

The quarterly banking returns show that advances as compared with last quarter have increased by £133,000; coin and bullion held has increased by £85,000, and now stands at £7,770,000 ; current accounts have increased by £1,388,000; fixed deposits have decreased by £2,840,000; the proportion of current accounts to total deposits has increased 0 per cent. ; the note circulation has decreased by £32,000 and is now the lowest for 40 years.

The Rangitikei Advocate publishes the following :—“ One result of the boom in the Thames gold mines has special reference to the case of Leonard Harper, of Christchurch. The creditors are stated to have sold Harper’s interest (a large one) in a certain mine for £SOO. The same mine has recently been sold to an English syndicate for £250,000.” I recommend Chamberlain’s Pain Balm for rheumatism, lame back, sprains, and swellings. There is no better liniment made. I have sold over 100 bottles of it this year and all were pleased who used it. J. F. Pierson, druggist, South Chicago, 111, It is for sale by J. C. Oddie, Temuka, and Morrison Bros., Geraldine. When the Wellington Garrison Band returned to the Empire City on Sunday, the members no longer wore moustaches. The New Zealand 'Times says:—“The mystery was soon explained. In the dead of night some jokers of the bandsmen order had cut off one side of their moustaches, and of course in the morning the nearest barber had to be appealed to to remove the other half.”

The skinning of dead sheep has been a considerabie industry in the Mackenzie Country lately. On one station it is said 13,000 skins have been got, and there are more sheep still encased in hard snow. Sheep that are exposed are now too far gone to skin, and the hands are “ plucking ” the wool off them at so much per pound. Our better halves say they could not keep house without Chamberlain’s Cough Remedy. It is used in more than half the homes in Leeds. Sims Bugs., Leeds, lowa. This shows the esteem in which that remedy is held where it has been sold for years and is well known. Mothers have learned that there is nothing so good for colds, croup, and whooping cough, that it cures these ailments quickly and permanently, and that it is pleasant and safe for children to take. —-For sale by J. C. Oddii Temuka. and Morrison Bros,, Geraldine.

The Bishop of Christchurch conducted services at Hokitika a few Sundays ago. The Guardian says that before proceeding with his evening discourse the bishop remarked upon the morning collection ; “ I never saw so much bad coin in my life,” ho said. “To offer the Church the cause of God—money that the baker or butcher would not accept, shocked him. The man who would do that sort of thing wanted the Grace of God —or three months. Ho believed in straight giving. If the Church cannot bo run on such lines, bettor wind it up. Ho trusted that evening the special collection would be sufficient to pay off the bank overdraft.” At the conclusion of the service, the rev. vicar announced that sufficient for the purpose (£75) had been collected that day.