COMMERCIAL.

Temuka Leader, Issue 2521, 27 June 1893, Page 4

COMMERCIAL.

TIMARU MARKETS. The Canterbury Farmers' Association, Limited, report as follows for the week ending Friday, June 23rd, 1893 : Wheat—The market continues easier since last report. Cable intelligence does not convey a more hopeful tone at Home, which is alike depressing to both buyer and seller. Oats Prime bright Canadians are in request, and feed sorts are much enquired for. Supplies are short, outside buyers having to fill their requirements down south. Potatoes have jumped considerably in price, in consequence of outside enquiry. Whether the reported shortage is correct is problematical ; it must be born in mind the export for this Beason is 1050 tons to date, which is very small. Holders are very sanguine, and do not seem disposed, to sell. Kidneys cannot be had, and are worth £5 to £5 10s. Quotations are as follow: Wheat—Velvet (prime), 2s 8d to 2s 9d; tuscan (prime), 2s 7d to 2s 8d ; red chaff (prime), 2s s£d to 2s 6£d ; fowl wheat, Is lOd to 2s Id, on trucks at Timaru. Oats Canadians, Is lOd to Is lid; short feed, Is 8d to is 9d; duns, Is lOd to 2s; danish, Is 9d to Is lid; tartars, lslld, f.o.b. Potatoes Derwenta, 37s 6d to 40s, country stations, or 47s 6d f.o.b. CHRISTCHURCH CORN EXCHANGE. The following is the Corn Exchange report (per G. S. Hickman Secretary), for the week ending June 23rd : The week's grain transactions have been small, but prices are well maintained . The English wheat market is unsettled and weak, but locally buyers are willing to give late quotations for any prime lines suitable for milling. The market for oats is bare, and thos» having orders to execute have to give full rates. Clover seed has plenty of buyers, and prices are sure to harden as the sowing season advances. The local market for potatoes keeps anticipating the advances from outside purchasers, but as the quantity likely to be available appears limited we do not anticipate any downward movement. The following are the values for the week : Wheat—Tuscan and pearl, prime milling, 2s lid; hunters, 2s 9d; chickwheat, whole 2s 3d to 2s sd, broken 2s to 2s 2d. Oats—Milling, 2s Id; short feed, is lid to 2s; inferior, Is 9d to Is lOd. B ar l e y_Maltiug, nominal; feed, 2s 3d to 2s 6d. Grass Seed-—Maohine dressed, 3s 9d ; do farmers' lines, 3s to 3s 31; cooksfoot, 2£d to 3|d. . Beans —3s to 3s Id. Blue Peas—3s to 3s 3d. Potatoes—Berweuts, 60s; kidneys, 755, f.0.b., sacks included. Clover Seed—7ss to 80s. Dairy Produce—Butter, 9d to lOd ; cheese, 3|d to 4£d. MONETARY AND COMMERCIAL. London, June 22. Mr Wilson believes that there is little chance of establishing a trade in Australian bacou with EuSlandsir A has made enquiries which show that'heavy f destroy the prospects of the Austrahan being able to export hay at a profit. June 26. At the wool auctions there is better competition, and prices are firmer. The Daily News says that the Victorian Government are negotiating for a 4 per cent, or ih per cent, loan, but Sir A. Clarke, Acting-Agent-General, denies that such is the case. The creditors and shareholders of the National Bank of Australasia unanimously approved of the amended scheme for the reconstruction of the institution, and will apply to-morrow for the sanction of the Court. There is great joy in India at the prospect of an early reform of the currency, and 4 per cent, stocks have advanced to 108. Mr S. Buxton, Under-Secretary for the Colonies, replying to a question in the House of Commons, with regard to the taxing of the Wellington-Manawatu Railway Company's debentures, said he was iuformed that the New Zealand Government were considering the propriety of amending the law on the point, owing to the objections which had been raised by the holders of debentures in Great Britain. New Zealand 4 per cent, inscribed stock, 104* ; 3£ do, 94*. New Zealand long-berried wheat, ex warehouse, 30s 6d; quiet. South Australian wheat ex warehouse, 335, quiet. Victorian do, 32s 6d; flat. Frozen mutton, first quality, 3g<l; second, 3£d. Lamb, first quality, 5Jd. Hemp is unchanged. At the wool auctions the demand is improving, and medium greasies are firmer. St. Petersburg, June 23. The Russian Government are enforcing the maximum duties against the countries who have no commercial treaties. San Francisco, June 22. Owing to the run on the Californian bvnks six suspensions are announced. Melbourne, June 24. It is stated that the Colonial Treasurer contemplates imposing a duty of 5 per cent, an imports which are at present admitted free.