COMMERCIAL.

Temuka Leader, Issue 1471, 23 February 1886, Page 3

COMMERCIAL.

AUCTIONEERS’ REPORT,

TIMAKU, Messrs Jonas and Bourn report for the week ending Saturday as follows :

The stock market may be said to be at a standstill. They have had no country sales during the week, and beyond a small mob of crossbred ewes, which they placed privately, nothing has been done in either cattle or sheep. Horses—They had a fair entry of light horses at their bazaar to day, ,the whole of which they placed at what for the Hoes may be considered good prices, They sold a pair of carriage horses, barouche, and harness for £l5O ; bay cob for £2O : dog cart and harness, £46 16s ; pair grey buggy horses, £l4 ; bay mare, upstanding, good hack, saddle and bridle, £ls 17a 6d ; pony mare, £lO. Other horses —Hacks, and of light stamp, £4 to £8 10s ; and spring cart and harness, £2O. They have enquiries for a few good staunch and young draught horses, and also a few suitable for spring.cart werk.

TIMARU MARKETS,

The Canterbury Farmers’ Co-operative Association, Limited, report for the week ending February 20th as follows : Harvest operations are now in full swing, and in a few instances thrashing has commenced. We have seen some splendid samples of new wheat and oats, the grain being bright and well matured. Notwithstanding the exceptionally dry season, we bear of several heavy crops, and it is expected that the yield per acre will be we'l up to the average of past years, but owing to ihe decreased area oi

laud uiid.-r cultivation, it is almost certain that 1m total quantity available will show material deficiency on that of last season’s returns.

During the past month the produce market generally has been quiet, buyers showing little disposition to speculate, pending the opening of the market for the new grain. Wheat—ln the early part of the month prices showed a tendency to harden, and we placed 2000 sacks inferior to prime milling red chaff at 3a Id to 3s 2£d per bushel, ex store. The following are our quotations :—Red chaff, 3s Id to 3s 2d ; Tuscan, 3s 2d to 3s 3d ; and velvet 3s 3d to 3s 5d ex store, Timaru, As the new wheat comes on the market, these prices may suffer a decline, but it is anticipated that any depreciation in values can only be of a temporary nature.

Oats—Buyers having purchased largely in anticipation of a rise in prices owing to a supposed scarcity of this cereal, transactions during the month have not been numerous. Very small stocks of old oats are now on hand, and these are held by owners in hopes of higher prices later on. Onr sales for the month have been 700 sacks at up to 2s 4d f.o.b. for Canadians, and we have placed a line of 370 sacks new Canadians at equal to 2s 3d f.0.b., Timaru. We quote as present values Long feed, Is 10d to Is lid ; short feed, 2s to 2s Id ; and bright heavy milling, 2s 2d to 2s 3d f.o.b. Timaru.

Barley—The new grain is reported in splendid condition. There is none, however. yet in the market, and maltsters are not anxious to purchase in the meantime. We have placed about 100 sacks old malting at 2s 4d, ex store.

Butter—Fresh, 9d tolOd ; salt, kegged, 8d to 9d, kegs extra.

AUSTRALIAN MARKETS,

Sydney, Feb. 19,

There is an all round improvement in the value of grain. New Zealand wheat is at 3s 8d per bushel, and New Zealand oats 2s 5d per bushel; Maize, per 561bs, 3s 6d.

Adelaide, Feb. 20

The produce market is firm in tone. Shipping wheat is worth 4s 2d to 4a 3d, and town brands of flour £9 per ton.

ENGLISH MARKETS

London, Feb. 19. Colonial breadstuffs and tallow are unaltered in values. The total quantity of wheat afloat for the United Kingdom is 1.750.000 quarters, being an increase of 130.000 quarters during the week, Feb. 20.

The wheat market is unchanged, and the supplies fiora foreign parts are only moderate.