COMMERCIAL.

Temuka Leader, Issue 2548, 29 August 1893, Page 1

COMMERCIAL.

TIMARU MARKETS. The Canterbury Farmers’ Association, Limited, report as follows for the week ending Friday, August 25th, 1893 : Wheat—The prospects continue depressed in the London market, which is reflected locally. On the other hand, holders are not inclined to sell at anything less than quotations, having faith in the future. Velvet, 2s 7d to 2s 8d; tuscan, 2.-, 6£d to 2s 7jd; red chaff,2s sfd, on trucks Tirnaru.

Oats —The temporary dullness has been taken advantage of by outside buyers to fill requirements, and a large quantity has changed hands. .of duns. .GfmwtianrYSVMcT; danish, 2s 2d to 2s 4d ; duns, 2s 3d ; inferior, Is lOd to 2s, f.o.b.

Potatoes—Holders have evinced greater anxiety to quit in consequence of the fall in Sydney. Outside buyers are very cautious and only book for actual demand at this advanced stage of the season. Buyers offering £4 f.0.b., sacks included, I 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 : The demand was good for young sound horses, either draught or light, and a satisfactory clearance was effected at prices considerably in advance of owners’ expectations. The attendance was good, and several were unable to get their wants supplied. Our entry for the day comprised 23 head, with the exception of a few weedy and inferior sorts. All sold at the following quotations:—Draughts, young and sound, with trial, £l9 10s, £2O, £2l, to £22 ; do, light and aged, £lllos, £l3 10s, to £l4 ; upstanding spring cart horses, £ls 10s, £l6, to £16155; hackneys, young and sound, £9 10s to £ll 15s. CHRISTCHURCH CORN EXCHANGE. The following is the Corn Exchange report (per Gr. S. Hickman secretary), for the week ending August 25th :

From recent cables we learn that the English market shows little or no improvement in the price of wheat. It is, however, on the cards that prices may advance somewhat when it becomes known how far the drought in Europe may have effected the season’s crop. Oats are still enquired for at a firm price. Dun’s particularly are looked after but the supply seems to be limited. Barley —No change to report since our last either in prices or quantities offering. Kidney potatoes are enquired for and prices are well maintained. Derwents, however, have slightly receded in value. We hear of some growers holding back for extreme prices, but buyers are not at present inclined to go beyond the quotations below, viz. Wheat —Tuscan and pearl, 2s lid; hunters, 2s 8d; chick wheat, la 6d to 2s 3d.

Oats —(Milling), 2s 3d ; bright feed, Is lid ; inferior sorts, Is 8d to Is 2d. Barley—(Malting nominal), 4s ; feed do, Is lOd to 2s 3d. Peas—(Blue), 3s to 3s 3d ; duns, 2s 8d to 3s. Beans, 3s to 3s 6d. Kyegrass—(Machine dressed), 3s 6d to 3s 9d; farmers’ do, 2s to 2s 9d ; cocksfoot, 3Jd to 4d per lb. Butter—Prime keg, 8d; finest creamery, 1s 3d cheese, 3£d to 4d. Potatoes —Kidneys, 80s to 80s; der--wents, 75s to 80s, at country stations. MONETARY AND OOMMERCIAL. London, August 24. General Newmarch has promised Mr J. H. Geddes, manager of the Pastoral Financial Association of New South "Wales, every assistance in supplying Indian troops with frozen mutton from the colonies.

Mr Geddes has, with the assistance of Messrs Gangar and Grant, completed the scheme, the*subatance of which was cabled last month, respecting European companies. A powerful directorate is being appointed, and the shipowners are taking shares. The agreement with the shipping companies provides for the necessity for different, though uniform, temperatures for frozen meat and butter, Mr Geddes considers that though the Urffted States and Argentine Repvfifiia are formidable rivals to Victoria 'and New South Wales, if they imitate Queensland in the support accorded to refrigerating works, the scheme is sure to be stressful, The bank rafe of discount is S per cent. August 25. Consols, 97 j. New Zealand 4 per cent, inscribed stock, 104|; 3£ ditto, 94, New Zealand long-berried wheat, ex warehouse, flat, 28s 6d. South Australian ditto, weaker, 28s fid, Victorian ditto, quiet, 28s. Frozen mutton, first quality, Bfd; second quality, &|4, Lamb, first quality, Bfd. Slew Zealand hemp quotations are unchanged. Danish butter, 124 s per cwf, A South Australian wheat cargo has been sold at, 97s 4jd. Chaff, ox Ophir, has not been sold, and it is expected there will be a loss of £2 per ton. Merchants comider it will never pay to ship chaff to England, owing to the heavy freight. The estimate of the American wheat crop is unreliable, but it is believed that it will be about 400,000,000 bushefs, The Italian crop is estimated at 14,500 .quarters, > ' J ' J 'WASHING*-' * , ca The President - 24. r .A ?‘i»' - will not take the revision hand till next year. Sydney, August 24.

At a meeting of the creditors of Messrs Montefiore & Josephs, the direct liabilities were stated at £74,000, and the assets, subject to realisation, at £70,000. Most of the liabilities are due to English firms. Much sympathy for the firm was expressed at their misfortune. Brisbane, August 25.

The stock returns for last year show a surplus over consumption of cattle 540,000 head. 141,000 were frozen, and loO'oOO exported alive to southern markets. 25,000,0001 bof meat were frozen and over 5,500,0001 b preserved. The number of sheep in the colony at the end of the year is given as 21,500,000.