COMMERCIAL.

Temuka Leader, Issue 2488, 11 April 1893, Page 4

COMMERCIAL.

TIMAED MARKETS

The Canterbury Farmers’ Association, Limited, report as follows foi the week ending Friday, April 7th ; —Wheat—The intervention of the Easter holidays has somewhat disorganised business, and there is no improvement to report since our last, but if anything a dullness pervades. The recent cable advices continue to depress all concerned. Exporters to the United Kingdom have withdrawn, and the orders for outside mills being filled, business is entirely of a local character, and at present buyers are not anxious to lay up stocks, which is very discouraging to our farmer friends. A large quantity is being stored, but farmers in the majority of cases elect to sell in face of present prospects, Oats—Milling are in good demand, the yield and quality being Very disappointing. An advance on low r ites has been given. Long tartars and duns have also a fair demand. Danish are hard to quit. Barley—Continues at late rates. Peas—Prussian blues are in request with none offering. PotatoesPlenty offering, but buyers’ and sellers’ ideas vary considerably. Ryegrass Same as last. Quotations are as follow : Wheat Tuscan 2s o£d to 2s Gid, velvet 2s Gd to 2s 7d, red chaff 2s 4d to 2s sd, fowl wheat Is 9d, broken wheat Is 6d to Is 9d, on trucks at Timaru. Oats —Milling 2s to 2s Id, short feed Is 9d to Is lOd, Danish Is 6td to Is 7|d, duns Is 7MI to Is Bid, f.o.b. Peas —Prussian blues 3s to 3s Id. MONETARY AND COMMERCIAL. ' London, April 7. At the '' vo °* !ir, des competition was spirited. Arnj: icau bu J r<3rs al ' e <i uiet > and French buyers eager. ... , The following are the quo ntIOUS ° f bank shares : Bank of Austral asa.., £7B 10s ; Bank of New South Wales, £OS; English, Scottish, and Australian, £49. Seven experts have examined the Cuzco’s butler. They consider 18 degrees Fahr. preferable to 32. The edges of the packets .are slightly tinged, and they are of 'opinion that the paper was not sufficient wrapping.

Tuere is a crisi-j in the cotton trade in Liverpool. The f dluro of three large firms is announced, and others are expected. New Z vffand 4 per cent, inscribed stock, 105 ; ex div,; 31 do, 07. New Zealand long berried wheat, cx warehouse, 30s, market farmer.

Frozen mutton, first quality, 4-Jd; second quality, ojd ; lamb, first quality, std ; beef, forequarters, Bffd. ; hindquarters, 4d. Hemp is unchanged. South Australian wheat, ex warehouse, 335, firmer ; Victorian, 32s Gd, firmer. For Australian wheat, on passage, sellers are asking 30s, but buyers will not give more than 29s Gd. The wool market is brisk, and the advance in prices obtained on the opening day is fully maintained. GSO cases of apples by the Aorangi brought from 7s to 14s per case. Mr Andrew Hugh Turnbull, manager and actuary of the Scottish Widows’ Fund Life Asuranco Society, of Edinburgh, and Messrs James Cowan, James Auld, and J. Jamieson, directors of the society, have sailed for Australia in th y

steamer Australia to examine the colonial finances of the institution. At the annual meeting, the Earl of Dalkeith stated that the deputation was sent simply as a matter of precaution, and not because they were afraid of the investments. The society’s deposits were on fixed terms with the Australian banks, and amounted to £190,00, of which £IO,OOO was in the Commercial Bank. A cable received from Melbourne said that the funds of the society were perfecty safe.

The Treasury states that the request of the Australian mints, that they he empowered to give full weight for light gold coins, implies that England should undertake the task of renewing the gold coinage of the Empire. The Treasury suggests that the matter should be considered together with silver coinage, and that they earnestly desire to frame coinage regulations on a principle agreeable to the colonies and equitable to the Imperial and colonial exchequers.