COMMERCIAL.

Temuka Leader, Issue 2467, 21 February 1893, Page 4

COMMERCIAL.

CHRISTCHURCH CORN EXCHANGE

The following is the Corn Exchange report (per F. Denham, Secretary), for the week ending February 17th The gentle zephyrs on Monday did very little damage after all, though in a few instances it saved the farmers the expense uf threshing, but unfortunately ditl not bag the grain. J ho threshing machines do md. give a very good record, and we h ive seen a number of instances from districts wide apart where the result of the threshing lias not been half the quantity anticipated. e hope this is not general. Wheat —-\> e can only quote us last. The English reports do not show any hope of an advance, hut freights having been taken np at lower rates the two facts taken together should make a balance and leave us where we were. Earley—We have been told we said too much last week, so for variety say nothing this. Oats are decidedly firmer, caused by the disastrous Hoods in Queensland, and writing of t/iyt colony draws our attention to tho fact telegraphed that our Government had agreed to pay 2;3s per ton to Erisbano for the conveyance of produce. Considering too usual Height by steamer is 15s this is a grand stroke of business on tho part of

the agent. Nothing like making money out of the misfortunes of others. Jay Could could not beat this and play fair. “Wheat, prime milling 2s Bd, feed Is 9d to 2s 4d.

Cats—Milling Is 10,}d, feed Is 7d to Is 9d, tartars Is lOd. Peas—3s Id. Beans—Not ready. Ryegrass—Heavy dressed 3s 6d, farmers’ 2s to 2s 9d. Flour—Roller £9. Potatoes—Kidney 50s at stations. The above prices are those paid to farmers, f.0.b., packages extra. TIMARU MARKETS. The Canterbury Farmers’ Association, Limited, report as follows for the week ending February 17th ; —• Wheat Prospects of the new crop being harvested in excellent condition are almost assured if the fine weather continues. fceveral samples of the new crop have been sold, but prices paid are no criterion of the prices to rule, as the purchases are to fill special requirements. For the new crop prices may be quoted from 2s 5d to 2s 7d, f.0.b., old prime wheat sales have bee a made up to 2s Bd, whole fowl wheat Is 8d to Is 9d.

Oats—Holders are looking for better prices, and a small advance has been made through the floods in South Queensland. Stocks are in small compass, but the new crop will soon be freely offered which will tend to check any speculation. Prime old milling 2s f.0.b., new Is lid, short feed Is 9d to Is lOd, long feed Is 7d to Is Bld, duns Is 9d to Is lOd.

Barley—None offering. For prime malting 4s will be about the price, medium 3s to 3s 6d, feed Is 9d to 2s. Ryegrass—Farmers’ samples Is Gd to 2s 3d according to quality, and without much doing. The foregoing prices are f.0.b., sacks extra. MONETARY AND COMMERCIAL. London, February IG. The American visible supply of wheat is 110,000,009 bushels. At the wool sales there is a strong demand tor lambs’ wool and best combings. There have been further withdrawals of colonial bought wools. Capetown pears are being retailed in London at 3s Od each.

Consuls, 98jcl. iS'ew Zealand 4 per cent, inscribed stock, 106 ; 3| do 97. New Zealand long-berried wheat, ex warehouse, 31s Gd, Hat ; Adelaide and Victorian wheat is unchanged, with the market weaker.

Frozen mutton, Canterbury, 4 9/16th d ; Wellington, 4£d. The New Zealand hemp market is active and prices maintain the last quotation, £24 10s. Thirty bales were withdrawn at auction.

Wool is unchanged. Over £250,000 worth of New South Wales treasury bills have been sold. Feb. 17.

Bight thousand nve hundred quarters of Australian wheat, January-February shipment, have been sold at 31s. At the wool sales American buyers are quieter'. The Elderslie’s Melbourne mutton is of irregular quality, the cloths being inferior, and is selling at from 3d to 4£d per lb. The lamb was also of poor quality, and brought from 4Jd to sd. Best Victorian factory-made butter, 100 s per cwt. The agents are combining to secure higher prices. A quantity of Melbourne butter was put up to auction in Briitol and brought 89s per cwt. Feb. 19. The wool sales closed with a good spirit. I’rices compared with the December sales were for merino greasy -Id, for superior lambs 2d, for inferior lambs Id, for good average sorts from to Id

higher. Very inferior were from par to £d lover ; crossbreds, coarse, from par to id higher. It is expected that 350,000 bales "wi ll be available iu the April series. Washington, Feb, 19.

The President vetoed the resolution of the Committee of the Senate in favour of establishing 3 per cent bonds by which to maintain the gold reserve, but afterwards revoked his veto and consented to the issue of the bonds.

Melbourne, Feb. 17,

The Chamber of Commerce carried a resolution in favour of a commercial union of the colonies. Mr Service suggested the desirability of consulting the Trades Hall, which had an immense power in votes to bring about a commercial union.

Feb. 18

The shareholders of the Federal Bank have resolved on going into voluntary liquidation

Hobart, Feb. 17

There is a decided improvement in commercial affairs, and the harvest presents every prospect of giving a very fair yield.