COMMERCIAL.

Temuka Leader, Issue 2509, 30 May 1893, Page 4

COMMERCIAL.

TIMARU MARKETS. The Canterbury Farmers' Association, Limited, report as follows for the week ending Friday, May 27th, 1893 : Wheat.—A much better tone in the market has been experienced durißg the week, owing no doubt to the presence of outside buyers competing locally. Offerings have been plentiful, sellers taking advantage of the present rates in preference to holding, the future being so uncertain and anything but satisfactory to holders, the latest cable indicating a falling market. Very choice prime velvet for outside orders has been executed at a slight increase on quotations, but cannot be repeated. Fowl wheat is improving, with an inclination to harden on quotation. Velvet (prime) 2s 8d to 2s 9d, tuscan (prime) 2s 7d to 2s Bd, red chaff (prime) 2s 6d to 2s 7d, fowl wheat Is lOd to 2s, on trucks at Timaru. Oats —Canadians still maintain a firm enquiry, choice lots being scarce. Danish and duns are still enquired for, anything prime finding ready sale. Milling Canadians Is lOd to Is Is lid, short feed Is 7£d to Is Bjd, danish Is 7d to Is Bd, duns 1b 8d to Is 9d, f.o.b. Potatoes—Potatoes are very quiet. The Sydney and Auckland markets having receded, local buyers are not inclined to operate for the present. Derwents (at country stations) 27s 6d to 325, kidneys 40s to 455. The Cancerbury Farmers' Co-operative Association, Limited (per Mr J. Mundell, auctioneer), report on the horse market as follows: — At Tattersall's, Timaru, on Saturday, our entry for the day consisted of 45 horses of all classes, the major portion being useful draughts, which, considering the number yarded, met with a good market. Prices throughout the sale were in favor of sellers. Half of our entry found buyers at the following quotations: Heavy draughts, young and sound, £LB 15s, £22 10s to £27 ; light and aged, £l4 ss, £l4, £ls 10s, to £l7 10s; light harness and hackneys, £6los, £7, to £10; weedy sorts, £3 10s to £4. CHIUSTCHURCH CORN EXCHANGE. The following is the Corn Exchange report (per Gr. 8. Hickmam Secretary), for the week ending May 2Gth : Farmers are not so much in town as they have been for the past few weeks, which is an indication that the work of preparing their land for next year's crops is progressing satisfactorily. At the same time we hear that there will not be so large a breadth of land under winter wheat as heretofore; while autumn sown oats (duns) are receiving more attention. The potato growers are delivering very fast, and consequently last week's prices have been barely maintained. Clover seed is now being threshed, and we notice that some damage has been done by the late rains, which affects the colour and the yield. Good samples continue firm at 7d to 7£d Oats are offering very sparingly, and prices are likely to advance for prime sorts. Malting barley can scarcely be quoted on account of the small and indifferent samples on offer. Grass seed is quiet now in the off season. Dairy produce is being taken up at quotation values, chiefly for local consumption. The current quotations for the week are as follow : Wheat—Tuscan 2s 9d to 2s lOd, pearl 2s 9d, hunters' 2s Bd, chick wheat (whole) 2s 2d, (broken) Is 9d to 2s. Oats —Milling prime Is lid firm, short feed (bright and heavy) is lOd to Is lid, duns Is lOd, to is lid, inferior sorts Is 8d to is 9d. Malting Barley—Prime nominal; medium 3s 3d to 3s 9d, feed 2s to 2s 2d. Beans—2s lOd to 2s lid. Peas—Blue 3s to 3s 2d, do feed 2s 8d to 2s 9d. Grass Seed—Machine-dressed 3s 3d to 3s 6d, farmers' parcels, 2s 6d to 3s. Cocksfoot—2jd to 3d per lb. Potatoes —Derwents (at country stastions) 32s 6d, kidneys 60s. Butter—Factory 7d to lOd, farmers' keg 7d. Cheese —3d to 5d per lb. Hams and bacon (in cloth) —7d to Bd. MONETARY AND COMMERCIAL. London, May 25. Mr Wilson, the Victorian expert, in the presence of Press representatives, examined a number of Melbourne sheep which had apparently been frozen before the animal heat had cooled off; hence 50 out of 300 were putrid to the bone, the fattest sheep being the worst. The butchers advise the removal of the kidney fat from the best sheep before freezing. The Times says that Australia has a splendid future before it in the matter of produce. Exports now are good, but with the prospect of new markets trade will soon be of enormous magnitude. The Bank of England returns published to-day show the total reserve as £13,794,000. The proportion of reserves to liabilities is 37.93. New Zealand 4 per cent, inscribed stock, 104 J ; 3£ per cent, ditto 95J. Frozen mutton, first quality, 4jd per lb; lamb, s£d. The New Zealand hemp market is depressed. Fair quality is worth £23 per ton, New Zealand long-berried wheat is steady at 31s ; South Australian is weaker at 33s 0d; Victorian is also weaker at 335. The total quantity of wheat and flour afloat for the United Kingdom is 3,900,000 quarters, and for the Continent 1,530,000 quarters. An Australian off-coast cargo of wheat sold at 29s 2d. The cargo ex the Aldergrove, from Lyttelton, sold at 26s 6Jd.