COMMERCIAL.

Temuka Leader, Issue 4014, 21 February 1903, Page 4

COMMERCIAL.

TEMUKA GRAIN AND PRODUCE MARKETS. Messrs T. Buxton and Co., merchants, Temuka, report on the grain ; and produce markets up to yesterday as follows : I There is an entire absence of the speculative spirit in the grain mar- ! kets just now. The outside murk.i'.s are expected to give way any moment. The wheat market remains fairly steady, with hardly any old wheat offering, and the new scarcely ready to ruanket. Very heavy shipments are reaching Australia from - A i-gen-tinc. A private letter received this week names the figure for a line of 4000 tons at 3s llfd c.i.f. and e. which would require us Ho be able to supply at country stations at 3s 6d to compete against. Oats are reported as landing in Sydney 20,000 sacks a week from Tasmania. Buyers in Sydney report that prices must come down considerably, and New Zealand buyers do not care to commit themselves to any large extent—consequently only a hand to mouth business is being done. Barley is wanted if prime, which is scarce. Ryegrass and cocksfoot are both of only medium quality and are not in strong demand. Potatoes have little inquiry, being fit only foi local use. There is poor demand at prices quoted. If fine woather continues for the next ffourteen days a fair amount of most lines will be placed on the market, when things may be expected to settle down to something reliable. . The following are current prices, free of commission, at country stations, within 12 miles of port (subject to market fluctuations) : Wheat—Old (nominal) 4s 6d to ss, New Pearl 4s, Tuscan and Hunters 4s, at country stations. Oats—New milling Is lid to 2s, short feed Is 8d to Is 9d, Danish Is 7d to Is Bd, country stations, early delivery. Barley.—Prime malting 3s 2d to 3s 4d, feed Is Gd to 2s, Cape 2s Gd. Ryegrass.—Well-dressed shotty farmers' parcels 2s to 2s 6d. Italian 3s 3d. Cocksfoot.—2£d to 3£d for good clean 151 b seed, inferior 2d. Potatoes—Market unsteady, £2 to £2 ss, for good kidneys, country stations, Derwents not ripe. CHRISTCHURCH STOCK MARKET. CHRISTCHURCH, Feb. 18. Cattle.—At Addington market 85 bead of cattle were yarded, and, on account of the small eritryi, prices showed an advance. Steers brought up to £lO ss, heifers £8 17s 6d, cows '£s 2s 6d to £8 7s 6d, extra heavy-.-£lO 78.6(1. Sheep—There was an average yarding of fat sheep, which met with a good sale aa regards freezing wetners, current prices being wen maintained. There was little demand however, for freezing, ewes, and sales ho wed. a further reduction, a remark which applies to all inferior sorts. Freezing wethers brought from 16s 3d to 18s Id, maiden ewes 13s Gd to ios Gd, best butchers' extra prime 14s to 17s 9d, mediumqu.altty lis to 13s'6d, other sorts 9s to 10s 6d. The entry of fat lambs numbered 5000, andihcluded some of excellent quality For primest there was a slight a;: vance on last week's prices, and gen--1 eraliy (prices, were" sfrni. Freeaers best "sorts brought 14s~to 15s 2d, a few extra heavy 15s 8d to 17s 2d, lighter weights 12s 6d to less 6d, graziers'-and butchers' sorts 9s and upwards. Of store sheep 14,700 were penned, mostly lambs and wethers. The range of prices was as follows : Forward lambs 9s 8d to 9s lid, othersfrom 5s 8d to 8s Bd, four-tooth wethers from 13s 9d to .Us 6d, two-tooths from 10s 5d to 13s 4d. young ewes 13s 9d to 14s Bd, merino ewes 6s 7d. Pigs—There was a small entry of pigs and last week's prices were maintained. Baconers brought 45s to 655, porkers 30s to 455, stores 16s to 30s, suckers and weaners 10s to 15s. CHRISTCHURCH WOOL SALE. CHRISTCHURCH, Feb. 19. The fourth wool sale of the season was held to-day. There was a fair attendance of buyers, but the fact that the Bradford representatives were bidding at substantially reduced limits, while the local factories were already well supplied had an effect of causing a considerable drop in prices as compared with those realised at the January sales. Of 6832 bales catalogued, 3982 were sold. The decrease in values was most noticeable in merinos which declined l£d to 2d per Ifc ; in super halfbreds there was preciation of from to fd, and in breds from to fd. For bright crossbreds the sale was very irregular, showing in some instances a depre"ciatiob of from £d to .fd, and in others a slight improvement. Lower grade wools . sold irregularly. The range of prices was—Greasy merino, superior 9|d to lOd, medium to good 7Jd to 9d, inferior 6d to 7d ; halfbred, superior 8d to 83d, medium 6M to I\, inferior 5d to 6|d ; crossbre*d, superior 6£d to 6fd,m edium 5d to : 6d, inferior 4d to 4|d ; long wool, medium to good 4£d to sd, inferior 3£d to to 7f d ; inferior, 2d to 4d ; locks, lid to 4d. DUNEDIN STOCK MARKETS. DUNEDIN, Feb. 18. Cattle—At Burnside market 150 head of fat cattle were yarded, including a fair proportion of good quality bullocks. The demand was not keen and prices were barely maintained. Beat bullocks In ought £9 10s to £lO 12s 6d, medium £8 to £9' "7s 6d, others £6 5s '0 £7 17s 6d, best cows £7 2s 6d to £9, mediom £5 5s to £7, others £0 .!6s to £5 2s 6d. Sheep—Offat sheep 2380 were penned, and met with a poor market, prices showing a decliae pf fully Is 6d a head. Best wethers t rought 15s to 15s 6d, a few extra heavy to 18s, medium wethers 13s Mto Us 9d, others 12s 3d to !3s (id. best ewes 14s. to 15s 3d, afe v c'"tra heavy to 17s 6d, medi-.irn lis Fd 1o 13s 9d, others 9s Od ■>) :?s 31. (■, lambs 1429 were yarded and wp.sold under good r-ompetition at a oeided advance. Best brought 12s to 13s 6d, one pen extra prim? ifis :?ii medium 9s to ils flfi, •.••■'wra 7s 9d to 8s 9d. Pigs—A humdred md I\\o pigs were penned All sort", except sud-xrs which declined :ss 19 *s, s-'ohl weit. Suckers brought -';s 1o Iris (sd, slips 18s to 20s, stoves 22s io 565, porkers 32s to 425, baconers 44s to 525, choppers 55s io 755. . DUNEDIN PRODUCE MARKETS. Oats—Shippers am getting better quotations ■at OaniC'Mmry potts'than here, and consequently ihe local market is extremely quiet and sales are difficult to make even at a reduction. Quotations are for riime mil ling 2s 3£d to 2s 't%&, gcod to best feed 2s Id to 2s 3d, medium to good Is 8d to 2s jsacUsextraygi

Wheat—The enly inquiry is for fowl wheat. Millers appear content to work with their present stock. Prime milling is quoted at 5s to 5s 6d ; medium to good is 3d .0 4s 9d, whole fowl wheat 4s lo 4s Id, broken and inferior Sh to 3" 9d ; sacics extra. THE MILBOURNE SALE. NAPIER, Feb. 19. The sale of purebred and grade Sliorthorn cattle belonging to the M'ilbourne estate took place to-day. Purebred shorthorn bulls brought from 6gns to 49gns, cows from 9gns to 56gns, heifers 4£gns to 15|gns. Grade cattle brought as follows : Yearling hoifers up to £3 14s, 2-year old heifers to £5 10s, cows to £7 13s, yearling steers £4 ss, 2-year-old steers £4 4s to £5 10s, empty cows £6 10s, 3-year-old steers £6 3s ; draught horses £3O to £3B, hacks £% 10s to £23 10s. AUSTRALIAN MARKETS. SYDNEY, Feb. 18. The Treasurer states that the fall on New South Wales 3 per cents is simply due to the state of the London money market. Wheat, chick, 5s lOd, milling (is 2d Flour, £l2 10s ; Manitoba, £l3 5s to £l3 10s. to 6s 3d ; Californian 5s lOd. Oats, New Zealand and Tasmanian milling 3s 8M to 3s 9d ; prime feeding, 3s 6d to 3s 7d ; seed Tartarian 3s 9d to 3s lOd. Barley, New Zealand, prime feeding 4s 6d ; malting 4s 9d to ss. Maize, prime 5s 6d ; Agrentine, large parcels ss. Bran Is 4d. Pollard Is Bd. Peas, Prussian blue 6s 9d to 7s. Potatoes, Circular Head £5 ; Warnambool £3 15s to £4 ; seed £7 10s to £7 17s 6d. Onions Victorian £4 5s to £4 10s. Butter, Is. Bacon, lOd to Is Id. Cheese 5Jd to 7^d. Hams, New Zealand, Is Id . Feb. 19. At the Homebush sales best wethers sold at 15s 6d to 16s 6d, good 13s, 6d to 14s 6d ; ewes, best 15s to I7s Bd, good 13s 6d to 14s. Best bullocks fetched £l4 10s to £lB 10s, good £ll ss, best cows £ll, good £7 15s. Best beef averaged 40s per 1001 b. MELBOURNE, Feb. 18. Wheat 5s lid to 6s 2d ; Californian 5 s 1/td at wharf. Flour £l2 10s ; Manitoban £l3 10s. Oats are dull, stout white 3s 3d to 3s 5d ; milling, Algerian 3s 2d ; feeding 2s 9d to 3s Id; seed "s, 5d upwards. Barley, 3s lOd to 4s 2d ; Californian and Cape 4s 3d to 4s4d ; malting Victorian 4s 8d to 5s 2d. Maize 5s 3d to 5s sd. Bran Is sd. Pollard, Is lOd. Potatoes £3 to £4. Onions £3 5s to £8 10s. ADELAIDE, Feb. 18. is a shade firmer at 5 5s 9id. Flour, £ll 15s. Bran, Is sd. Pollard, Is 9d. THE HOME MARKETS. LONDON, Feb. 17. The total quantity of vheat and flour afloat for the United Kingdom is 2,170,000 quarters, and for the Continent 820,000 quarters. New South Wales' 3 per cents are auoted at a drop of 35s since Friday last. - Feb. 18. At the tallow auctions, 712 casks were offered and 322 sold ; fine beef 35s 6d. Other descriptions are unchanged. The Canterbury Farmers' Co-oper-ative Association, Limited, have received thr following information by from their London office : " Frozen Meat.—We qupte to-day's value on Smithfield market of prime Canterbury mutton, 4-Jd per Vt>, market falling ; prime Canterbury lambs, 62d per lb, market weak. Messrs Dalgety and Co. advise as follows, under date London, February 18th ;—"Since our last telegram tallow in general is lower by 3d per cwt." The petition for the inquiry into the local option poll in the Waikouaiti electorate has been dismissed.