COMMERCIAL.

Temuka Leader, Issue 1870, 26 March 1889, Page 4

COMMERCIAL.

TIMARU MARKETS.

The Canterbury Farmers' Co-operative A»floci«tioD, Limited, report as follows :

Since tho date-.of. our Inst report, tho neither has been all that could be desired for the furtherance of stacking and threshing operations, which latter are .sow in full swing. Deliveries of the new grain •re being made, a Urge proportion, as usual, finding its way into store en owners' account.

Wheat—When we last wrote the market had opened at 3? to 3s 31, with an inclination on the part of owners to hold for higher ratea. That tbey were fortunate in pursuing this coarse has been exemplified during the fortnight by the more than gradual upward course of tho market, following upon ihe publication of the Australian statistics referred to in our last report. Advices since to hand confirm Ihe previous assumption that Now South Wales and Queensland will rrquire to import very extensively to meet the heavy shortage in those celoniss, the deficiency in the first-named co'ony alone being estimated at not less tbsn 6,000,000 bushels. The Sydney market has subsequently tafon a slu'p upward tendency, the latest quo ations bfjing 5a to 5s 6d with Jow stocks. It is, however, Ro.'auwhflt doubtful whether these figures w'll be maintained after the prjHent excitement" has had time to cool down. Considerable conflict of op'niou exis'3 as the sonrcee from wh'ch New South W.iles will draw her supplies, but it i* pretty certtin that New Zeahnrl cannot expictto have the exclusive bouour of coiurihut'ng to her neighbour's oesds. Apwt from the fact that Victoria and South Australia havo each a surplus for export, California may bo expected to enter th* field of competition agaiost New Zwlan'. Advicas to hand from Melbourne report that large orders on Sydney account have goon forward to San Francisco, and it is un !erstood that one California cargo at least has been ordered from New Zealand to S/daey. When it is bcrue nn nd tha' this wheat from California can i> < laid down in Sydney at 5s per bushrl, it will be seen that, assuming that the country otimed has the wheat available, whioh is more than probable, this price wid bo the . average maximum obtainable for New Zealand shipments, while ordinary market fluctuations will no doubt take pi ace. As the value of New Zealand wheat will be regulated by the price* current in Sydney, owners will be aire to form a fair idea of the rntos likely to be current here, the shipping, transit, and sa'e charges being reckonedjjat, say, 8d per bushel. During the fortnight a considerable quantity of the new wheal has changed hands at prices ranging froni 3s 3d to 4p, the latti r being to-day's quotation for prime tuscan and velvet, while red chuff is worth 3s 9.1 to 3i lid. The market doses firm »t these ratos, whfoli shw'd be well maintained, a further bdvr.nce being pcHsibio, but for tho reasons already given, somewhat problematical. Shippi g bu«ines* is at present "confined to tho c <mpletiou of engagement* made baforo tlie rise, chiefly for old season'sgraui. The Earlscourt an! Kinclune are now loaoiag wbs»t cirgoas for London, and wil' between them take away aboutßo,ooo sacks. Our quoV'tions are;—Prime miling velvet and tu>can 4s led chaff 3* 9d to 33 lid, 3s 9d to 3< lOd, whole fowl wheat (very 6C«rce) 3* 3d, broken do 2a 101 to 3'. Oats—The new grain is coming forwarj slowly, we having had to pass severe! orders at favourab'e rates. la view of the anticipated dtomnd from Australia buyers ore taking up all lines offerod at our quotations, which are relatively higher than thoso now current in Sydney. Our quotations are:—Prime milling 2* 3d to 2i 51 ; good short feed, 2s 21 to 2s 3d ; bright l.etvy danish 2s 2d, fair average 2i to2sld.

Barley—No transactions have as yet taken phce, very little of the new season's grain haviog so f>ir reached town. Wo quote for prime malting 3s Sd to 3s 9d.

A small line of Tuscan wheat grown near Waimate has beon sold at 4s 2d delivered at Oamaru.

W. R. Darling reports having sold a large line of wheat, several thousand sacks, at a price equal to 4s at Oamaru, sacks extra, 7d. The telegram confirming this transaction also inquires for other l-u-go lines to be taken ul the same figure,— Osmaru Mail. AUCTIONEERS' REPORT. TIMAKU. Messrs Grade, Maclean and Co. report for the past fortnight, ending Saturday, as follows : jj orse H—-At the Timaru Horse 15 izjar, on the 16th inat., and to-day, cur entries were larger than for some weeks past, and for useful farm horses the demand is much ahead of the supply, and is likely to remain so for some time. We sold medium to good draughts at from £l6 to £2l 10a, inferior and aged from £8 to ittlS. Hacks —With an occasional exception there are ooly screws offering, owners of good sorts apparently holdiu? back for our sale of hunters and haokneys.

Bh ee p_At Washdyke yards the supply of mutton has been emnll, and limited almost entirely* to ewes. In stores lines of aged ewes have sold at gool values, and there is still a demaod for young sheep. We sold 40 fnt ewes at 6s 6d to 6s 9d, 35 do do at 7a 6d, 80 do do at Bs, 41 do do at 7a 6d, 105 crossbred lainbfl at 7«, »nd privately 242 prims fn«. crossbred wethers, and 1442 hall'bred 4tooth ewe*.

C a (tJe —Our entries at Washdyko of both fat and atores hive boon minll, und price* in favor of buyerß. We disposed of 7 store steers at £3 7* 6d, 6 cows at £3 17* 6d, 5 ateerß at £3 15s 31, heifers at £3 12i 8(J, 8 civra at from 30a to 465, and 5 yearlings at 22-. Pigs—Only a few offering, bat lots coming to hand meet a ready »ale. We boI<» 10 porkeru at 17s 6d, and 6 baconera at 30*. Skinß—At our regular sale on Wednesday, we catalogued over 600, principally country bWop. The attendance of boy em wan luge and prices fairly good. Beat Mortfl realised from 2a 41 to 2s 6d, 2s 8J to 2< 10d, peltß 6d to Is 6d. Urabskinß, 2s 61 to 3*. - AUSTRALIAN MARKETS. Sydney, March 22. The demand for wheat is easier. Jfew Zealand sorts are quoted at 0s 2d,

There is no Victorian or South Australian wheat in the market. Melbotjbne, March 23. Wheat is dull at 5s 7d to 5s Bd. Bbisbane, March 23. Flour is very strong at £l4 17s 6d to ;£ls 15s.

ENGLISH MARKETS,

London, March 21

For beef and mutton prices are unchanged. Stocks, however, are decreasing. The total quantity of wool arrived to date-is 260,600 bales, Sent forward direct, 53,000; total available for the series, 835,000 bales.

March 22

New Zealand long berried wheat, 40s 6d, business restricted; Australian wheat, 41s 3d. Copper, £4l, improving. German beet sugar, 15s ; Java ditto, 17s, firm. No. 1 best Scotch pig iron, f.o.b. in the Clyde, 44s 3d, steady. Leather, best sides, is lower, and basils i& lower than the last quotations. The demand is poor. March 23. The Antwerp wool sales have closed firm.