COMMERCIAL.

Temuka Leader, Issue 2614, 30 January 1894, Page 3

COMMERCIAL.

AUCTIONEERS’ REPORT. The Canterbury Farmers’ Co-operative Association, Limited (per Mr J. Mundell, auctioneer), report on the live stock markets for the past week, as follqws : At the Temuka yards on Tuesday the entry consisted of 2575 sheep, 245 cattle, 67 pigs, and 38 horses. The following are our quotations: — Sheep Half and three-quarterbred wethers and ewes, 2 and 4-tooth (fat), 13s, 13s 3d, to 13s 6d; three-quarterbred 2tooths, 9s 6d, 10s 3d, to 10s 9d; crossbred ewes, fat, 10s 6d; merino ewes with lambs at foot, all counted, 4s Id. Cattle—Cows, fat, £5 5s to £6 10s ; do forward stores, £3 16s to £4 10s ; 3-year-old steers, £4lss to £4l7s 6d; 2-year-old steers and heifers, £3 5s to £3 9s 6d ; yearlings, £1 6s to £llss. Pigs—Strong stores, £1 Is to £1 3s ; slips, 15s to 17s 6d; weauers, 6a 6d, 7s, to 9s. Horses —Special Sale : On account of Mr M. Wightman, Springbrook, we submitted 25 draught mares aud geldings, out of regular work. There was a large attendance present during the sale, but prices may be considered in favor of buvers, which we quote at £ll, £ls 10s, £l7 ss, £lB 10s, to £2l. At Tattersall’s on Saturday the yarding for this sale consisted of 26 head. There was a good attendance of buyers and others interested'present, but vendors and purchasers values were so far apart that sales were hard to effect. We sold about one-third of our entry at the following quotations, viz.: —Draughts, young and sound, with trial, £l2 to £l7; do light aud aged, no sales to report; hackneys, £3 10s to £5 ss.

TIMARU MARKETS

The Canterbury Farmers’ Co-operative Association, Limited, report as follows for week ending Friday, January 26th, 1894:: Wheat—The prospects of the crops are anything but encouraging. At the time of writing there is every appearance of more rain ; if such be the case the effects will be disastrous to condition and quality. Holders of old wheat are more inclined to hold being influenced by the circumstances mentioned above. The Home market quotations are unchanged. Velvet, 2s 5d to 2s 6d; tuscan, 2s 4.Jid to 2s sjd; red chaff, 2s 3Jd to 2s 4£d; on trucks Timaru. Oats —Several samples of the new crop have been shown, but no sales reported. Old oats have fair enquiry. Canadians, 2s Id to 2s 2d; short feed, 2s to 2s Id ; dauish, 2s to 2s Id, f.o.b. MONETARY AND COMMERCIAL. London, January 25. The total quantity os wheat and flour afloat for the United Kingdom is 1,764,000 quarters, and for the Continent 1,055,000 quarters. Tho American visible wheat ■mpply is estimated at 00,700,000 bushels. A cargo of Australian wheat has been sold at 26s 9d. The tone of the wool market shows a better spirit. Foreign buyers are active. Stout combings are a shade dearer, while other sorts are steady. Mr Weddel, meat importer, states that Willis & Co., of Port Said, have patented a process for thawing beef and mutton, the experiments with which showed that thawed meat was virtually equal to chilled. It is expected that the process will raise the price a penny per lb, and it is behoved that it will remove the object-ions raised by ilm Wav Office again3 1 takmg beef for Malta and Gibraltar. .Opt cimens of meat treated by the process wii) bo exhibited at Smithfi-ld next week. Jan, 26. Colonial produce merchants are confident that lhe present man excellent time for shipping to the English market largo quantities of hydraulic-pressed bran, chaff, .aid hay, but the market is n;t favorable fur impressed. New /Zealand 4 per cent, inscribed stock, 167 ; 6Jr per cent,, 97£. Now Zealand long-berried wheat, ex warehouse, 20-q niatket flat; South Australian do, 2‘Js 6d, maikot weaker ; Victorian do, 295, quiet. Fror.en mutton, first quality, 4‘d ; second do, 4£d; lamb, first quality, sd. Tho new season’s New Zealand lamb, per Coptic, is of poor quality, and is realising loss than last year’s .shipment. J Australian lamb, 4jd j crossbred, 4:{d.

Danish butter, 118 s 6d, market firm. Other sorts are unchanged. The wool market is firmer all round, and competition strong. The National Mortgage and Agency Company of New Zealand has declared a dividend of 5 per cent., and carries forward £2400. In the London and Australasian Debenture Corporation’s report for the half-year, it is stated that the company’s investments show a depreciation of 20 per cent. A sum of £3IOO has been placed to the reserve fund. Jan. 27. A syndicate of leading firms propose acquiring Messrs Shiels and Elliot’s temperature regulator, which is intended to maintain the temperature of frozen beef at one degree, and which, it is believed, would make Queensland beef equal to the American chilled. Paris, Jan. 27. The conversion scheme is attended with success, only a few holders applying for payment, Washington, Jan. 27, Owing to a breach in the ranks of the Democratic party the prospects of defeating the new tariff are increasing. Sydney, Jan, 26, At the half-yearly meeting of the shareholders in the Proprietory Mine the financial conditions were stated to be eminently satisfactory. The profit on that period amounted to £453,000, of which £288,000 had been paid in dividends and £30,000 added to the reserve funds.