COMMERCIAL.

Temuka Leader, Issue 2533, 25 July 1893, Page 4

COMMERCIAL.

TIMA HU MARKETS. The Canterbury Fanners’ Association, Limited, report as follows for the week ending Friday, .Inly 21st, 1893 Wheat—Wheat continues dull of sale, and from prices realised at auction has suffered a decline ; and unfortunately for speculators, the outlook is not promising. Velvet (prime), 2s 7d to 2s 8d; tuscau (prime), 2s (Ud to 2s 7MI; red chaff (prime), 2s S^d; fowl ■wheat, 2s 2d to 2s 3d ; on trucks Timarn. Oats—The market continues very firm, and good lines of any description find a ready sale. We have several largo orders on hand. Canadians (prime), 2s 3d ; short feed, 2s I Ml; tartars, 2s 2d; dunish, Is 11(1 to 2s ; duns, 2s 2d, f.o.b. Potatoes—To the great shortage becoming moro apparent every day must bo attributed the remarkable advance during the - week of 20s per ton. Holdora are

keeping to the little stocks on hand in reasonable hopes of attaining much higher rates, which do not seem far distant. Dorwents, 90s to 9256 d (country stations), or 100 s f.0.b., sacks included ; kidneys, £5 to £5 10a. We held an auction sale of grain at oar Tattersall’s rooms to-day, and were gratified to find that the large catalogue attracted a good attendance of buyers, representatives being present from Christchurch, Ashburton, Oamaru,aud Dunedin. Biddings were spirited and nearly every line was sold at satisfactory prices; in some cases extreme rates were realised for oats required for local consumption. The following are prices ruling at the sale : Wheat—Milling, tuscan, 2s 7d ; red chaff, 2s s|d ; fowl wheat, 2s 2d to 2s 3d ; seconds, 2s Id. Oats—Prime Canadians, 2s to 2s 4d; danish, 2s to 2s 3d; duns, 2s to 2s Id; sparrowbills, 2s ; inferior long feed, Is 8d (ex store, sacks 5dL AUCTIONEERS’ REPORT. The Canterbury Farmers’ Co-operative Association, Limited (per Mr J. Mundell, auctioneer), report on the horse market at Tattersall’s on Saturday as follows : Our entry consisted of 22 head of all classes. Competition was keen for all young sound horses, resulting in a satisfactory clearance at considerably over owners’ reserves; in fact the supply was a good deal short of the demand. Our quotations are as follows :—Draughts (young and sound, with trial), £lB, £l9los, to £25 ; do, light and aged, £9 10a, £l3, to £l6; light harness sorts, £ll 10s to £l3 ; hackneys, £7 10s to £9 10s. MONETARY AND COMMERCIAL. London, July 20. At a meeting of the New Bouth Wales Mortgage Loan and Agency Company, the schema propounded by the directors for reconstruction was approved. Mr Alex. McArthur, one of the directors, in addressing the meeting, declared that British capitalists would soon be as ready as ever to invest in Australia. A capitalist named Agins has decided to open refrigeiating stores in Malta in which to store Australian moat for military purposes. New Zealand 4 per cent, inscribed stock, 103 j ; 3£ per cent, ditto, 94. Frozen mutton, first quality, 3f d per lb ; ■ lamb, first quality, 4fd. Beef, forequarters, 3 l/16d ; hind-quarters, s|d. Now Zealand hemp quotations are unchanged. New Zealand long-berried wheat, ex warehouse, is flat 29s 6d; South Australian wheat, ex warehouse, is flat at 31s 6d ; Victorian wheat, ex warehouse, is flat at 31s. The American visible supply of wheat is 69,200,000 bushels. At the wool sales prices remain firm. A letter in the Daily News bitterly complains of the Queensland National Bank paying the Government fully at the expense of the shareholders. July 21. The closing prices at the wool sales compared with last auctions show a fall in merino of £d, superior £d to Id ; lambs £d, crossbred -J-d, and fine £d to Id. The article headed “ Braggart Queensland and Australian Bank ” published in the Investors’ Review is attracting attention in financial circles. The directors of the Bank of New Zealand recommend the declaration of a dividend for the half-year at the rate of 5 per cent, per annum. The sum of £19,000 is carried forward to next year’s account, and £IO,OOO is placed to the reserve fund. July 22. Beerbohm estimates the wheat crop n/'Tbe r r " ;+e J at 7,600,000 q of quality The French crops he estimate* will yield 100,000,000 hectolitres. New York, July 20. The panic in Denver city is over, and the silver crisis is subsiding. Altogether eio-ht banks and nine mercantile houses failed. July 22. Tie Commercial Bank in Milwaukee has suspended, with liabilities amounting to 1,100,000 dollars. Melbourne, July 21. Inquiries made in connection with the New Zealand Loan and Mercantile Agency Company, Limited, show that the power of the Official Receiver appointed in Loudon does not extend to the colonies. The company’s new business is being conducted by the New Zealand Association, and old business and contracts are to be transacted as heretofore by the company’s officers. Adelaide, July 21. A quarter of a million’s worth of Treasury bills will be issued on August Ist. They will have seven years’ currency and bear interest at the rate of 4£ per cent. Wellington, July 22. The local agent of the firm of Messrs Octzes and Gearitsen, Loudon, completed the purchase of the largest parcel of butter ever bought and sold in one standing line in this colony, namely, 72 tons from the Brown Dairy Factory Company, New Plymouth. All of it is fine butter, and the vakiH with freight, insurance, etc., is over £6OOO.