COMMERCIAL.

Temuka Leader, Issue 2520, 24 June 1893, Page 3

COMMERCIAL.

CHRISTCHURCH STOCK MARKET. At the Addington yards on Wednesday the entries all through were small. Store Sheep—About 2000 store sheep came forward, amongst which there were some ewes with a sprinkling of early lambs. The entry throughout was inferior in quality, and sales were effected with difficulty. Fat Sheep—Fat sheep were represented by an entry of some 4000. The quality was mixed, a large number of unfinished merinos detracting from the appearance of the entry. There was a slight decline in the prices of most classes, a few lines only changing hands at last week’s rates. Fat Lambs —A few pens of lambs were in, the best selling at 12s. Fat Cattle —About 200 head of fat cattle comprised the week’s supply, about a third of these being for private sale. Some prime steers were in the entry, and sold at from £Blos to £1010s; best cow beef bringing from £7 12s Gd to £9. Late prices were fully maintained. Store Cattle—A small entry of store cattle of a mixed description occupied the store pens, the bulk of which were weedy young sorts and old cows. The sale was irregular, only a few pens bringing late rates. Dairy Cattle—The dairy class were poorly represented, and as the owners of the few good cows in had placed prohibitive reserves on them, very little was done. Piga—Pigs continue to come forward in large numbers, and baconors fully maintained prices, but porkers were a shade easier, whilst stores and weaners were hard to quit. DUNEDIN STOCK MARKETS. At the Burnside Market on Wednesday the following business was transacted:— Fat Cattle—Only 93 head yarded, ranging in quality from medium to good, with nothing extra heavy, and very little inferior. The market rose on last week’s prices fully 10s to 15s per head, and full value was obtained for all offered. Best bullocks brought £8 5s to £9los ; medium to good, £7 to £8 ; light, £5 10s to £6 17s Gd ; best cows, £6los to £7 17s 6 d; medium, £5 to £6; light, £4 to £5. Fat Sheep—ll 99 penned, 214 being merino wethers. A good demand was experienced, and for best quality wethers there was a slight advance in prices, while other descriptions fully maintained last week’s prices. Best crossbred wethers brought 17s Gd to 19s ; a few extra prime to 20s; medium to good, 14a 9d to IGs Gd ; light, 13s to 14s Gd ; best crossbred ewes, 15s Gd to 17s 3d; medium to good, 14s Gd to 15s 3d; light, lls to 13s Gd ; merino wethers, lls 9d to 13s 3d. Pigs—Only 38 wore penned. The market was dull and prices ruling were slightly below those quoted last week. Suckers sold at 7s Gd to lls Gd; slips, 15s to 17s Gd ; porkers, 24s to 30s ; baconers, 37s to 47s ; one or two extra heavy, 51s to 645. TIMARU MARKETS. The Canterbury Farmers’ Association, Limited, report as follows for the week ending Friday, June 16th, 1893 : Wheat—Operations have received a check during the week in consequence of the local requirements being being fully supplied and shippers seeing no prospect but loss at present rates. Holders are firm, and do not seem disposed to accept less than late rates. Velvet (prime) 2s 8d to 2s 9d, tuscan (prime) 2s 7d to 2s Bd, red chaff (prime) 2s ssd to 2s 6£d, fowl wheat, Is 9d to 2s, on trucks at Timaru. Oats—A good demand exists for Danish, which cannot be satisfied. In consequence prices have made a marked rise and likely to go further if supplies cannot be got. The quantity on hand in store is limited. Milling and short feed are not so brisk. Duns are still in request. Milling Canadian Is lOd to Is lid, short feed Is 8d to Is 9d, duns Is lOd to Is lid, Danish Is 9d to Is lid, f.o.b. Potatoes —Rates have hardened during the week and folders are not desirous to sejl at present. Kidneys are very scarce. We have placed at quotations, and can do with more, Derwents, 31s to 345, or 43s Gd, f.o.b. ; kidneys, £4 to £4 10s, f.o.b. AUSTRALIAN MARKETS. Sydney, June 21. Wheat, chick, 3s 3d to 3s 4d ; milling, 3s Gd, nominal. Flour, New Zealand, £B. Oats are firm. Best bright feed, 2s 8d to 2s Bjd; seed, 2s 8d to 8s 9d. Maize, prime, 3s 9d. Barley, Cape, 3s. Bran, Bjd to BJd ; pollard, Bjd to B£d. Peas, Prussian Blue, 4s 3d. Potatoes are firmer. Circular- Bead, £4 10s to £4lss. Onions, Y £4lss. Bqtipr, beat dairy-made, 9d to lOd; best factory-made. Is. Cheese, prime, 4d. Bacon, 6.4 to 8d : hams, colonial, 8d to 9,d. Thu Government have advanced the sum of £340,000 to the current account of holders in the suspended banks. Melbourne, June §l. Wheat, 2s 11-jd to 3g, Flour, stouermade, £6t 12s Gd to £7 ; roller-made, £7 to £7 15a. Qats—Algerian, Is lOJd; stout, 2a 2id. Maize, 3s 54, Barley, Cape, 2s 2d to 2a 3d. Bran, ftd } pollard, lOd, Potatoes are steady at £3 to £3 ss. Butter,lid, with a downward tendency, Cheese, prime New Zealand in bond, sjd. Flax ja jii small demand; fair to good brings £l7 to £l9 per ton. Adelaide, June 21. The wheat market is weak at 3s, 2d. Flour, roller-made, £B, Oats, duty paid, 3s 4d to 3s Gd. Barley, Cape, 2a 6,d to 3s Id. Bmn, 9^d; pollard, lOd to 10£d, Brisbane, June 21, The Government are considering the propriety of offering bonuses to encourage the export of beet, mutton, butter and cheese. MONETARY AND COMMERCIAL. London, June 20. The Wellington sanitation loan of £105,000 at per cent, with a minimum of 99, has nearly been subscribed twice over. Tenders at £99 5s get 50 per cent. The highest tender for the Wellington sanitation loan was £lOl 12s Gd. Those above £99 get the full amount tendered for. One tender was for £75,000. The average of the loan was 10s 2d premium. The number of bales of wqol arrived for the next series amounts to 441,000. The American demand will probably be small, owing to the delay in the settlement of the United States tariff. At the opening of the wool sales 13,100 bales were offered. Competition was fair and the attendance moderate. Very few American, buyers were present. Good

crossbred and merinos were most in favor with buyers, prices for inferior sorts being 5 per cent, below the rates at the closing of the May series. June 21, Judge Williams gave his official sanction for the reconstruction scheme of the Com* mercial Banking Company of Sydney. The total quantity of wheat and flour afloat for the United Kingdom is 3.898.000 quarters, and for the Continent 1.704.000 quarters. Ninety-four thousand bales intended for the present series have been sent forward direct to the manufacturing districts. Share quotations:—Australian and New Zealand Mortgage Co., ss; Otago and Southland Investment Co., ss; Dalgety & Co., £5. Canterbury frozen mutton ex Kaikoura is realising 4jd per lb. The American visible supply of wheat is 78,800,000 bushels. At the wool sales there was strong competition, and the large selection of New Zealand wools was 5 per cent, below the May sales, but merinos remained firm at opening rates, Australian brought from B£d to lid. The Queensland oranges arriving by the Miowera at Vancouver were in splendid condition, but the pineapples were too ripe. It is thought possible to create a profitable fruit trade with Canada. The Times states that it is generally believed that Lord Kerch ell’s Commission on the Indian currency advises that the Indian mints must be closed to free coinage, and that silver exchange be fixed at 16d. This is virtually- creating a gold standard. The Government of Western Australia are negotiating with the London and Westminster Bank to issue £435,000, being the balance of the unr»ised loan. Melbouenb, June 20’ The Court has sanction the scheme for the reconstruction of the Colonial Bank of Australasia, subject to several amendments. The Full Court dealt with the appeal against the reconstruction scheme of the Commercial Banking Company of Sydney, but with the exception of making the corporation trusts leave a third of the deposits with the bank for ten years, thus putting them in a similar footing with those compelled to take preferential shares and making the directors enforce calls, they left the scheme practicrly as sanctioned by His Honour the Chief Justice.