COMMERCIAL.

Temuka Leader, Issue 2620, 13 February 1894, Page 4

COMMERCIAL.

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 entry for the day consisted of 23 head of all classes. The attendance was small owing to harvest being in <ull swing. The sale dragged considerably, and very few sales were effected. We have enquiries for upstanding sorts, suitable for coaching or dog-cart purposes. Clients having such for sale should forward them as soon as convenient, and we can guarantee satisfactory returns.

TIMARU MARKETS. The Canterbury Farmers’ Co-operative Association, Limited, report as follows for week ending Friday, February 9th, 1894: Wheat—A few sales of old wheat have taken place at quotations. The market continues flat and prospects for the new crop are very disheartening to all. Vel vet (old), 2s fid to 2s 6d; tuscan, do, 2s 4|d to 2s 5Jd; red chaff, do, 2s 3£d to 2s 4jd; on trucks Timaru. Oats—Offerings of the new crop are becoming general. A small demand exists but only of a “hand-to-mouth” character. Canadians (new, nominal), Is 8d to Is 9d; short feed, do, is 7d to Is 8d; danish, do, Is 7d to Is 8d ; duns, Is 7d to Is 8d ; on trucks, Timaru. Barley—Gathering from samples show bright plump lines will be scarce, and should command good prices. CHRISTCHURCH MARKETS. The New Zealand Farmers’ Co-operative Association of Canterbury, Limited, report for the week ending Friday, February 9th, 1894, as follows: The weather has allowed farmers to proceed with their havesting operations, though it has not been all that could be desired. Samples of new crop wheat have been offered and found buyers at quotations, but quality shows much variation and want of condition. There is a fair enquiry for old wheat, both for local consumption and export coastwise, and late quotations are upheld. Oats have been offering freely, and as stocks here were at a low ebb and export trade has been fairly good, recent quotations have been maintained. Barley is now coming forward, but holders of good malting look for higher rates. Blue peas have been offering, but buyers are cautious. Ryegrass has a better tone, but without alteration in quotations. Samples of new crop cocksfoot have been offered, but buyers and sellers caunot agree as to value. It is reported that the new crop will lack quality, and it must show some discoloration. Dairy produce continues in full supply and cheese is easier. Hams and bacon are scarce. Present quotations are

Wheat -Old pearl and tuscan, 2s Od; hunters, 2s 7d to 2s 8d; new crop, 2s to 2s 4d, f.o.b. Oats-—Milling Canadians, Is lOd ; short feed, Is 7d to Is 0d; duns and danish. Is 9d.

Barley—Prime malting, 8s 8d to 4s; medium, 3s 4d to 3s 8d; Gape, 2s Id to 2s 3d.

Blue Peas—3s Id to 3s 3d; partridge, 2s 9d.

Rye Grass Old pasture machine dressed,4s; ordinary, 3s 6d to 4s ; farmers’ samples, 2s 3d to 3s. Cocksfoot Old, 151 b per bushel (nominal), at 4£d ; 141 b, 4£d. Butter —Prime fresh, 8d; salt, 6d to 7d. Cheese—Large, 4d; loaf, 4£d. Bacon and Hams—Bd.

MONETARY AND COMMERCIAL,

London, February 8. The London and North Western Disict Bank has suspended payment. Tenders for the city of Sydney loan of £300,000 at 4 per cent., were opened today. The total amount tendered was £1,200.000, at an average of about £lO2 14s. One tender was for the whole amount. Feb. 9, The import of colonial butter up to February Ist, was 30,000 tons in excess of last year. The imports from the Continent decreased 800 tons. New South Walea 4 per cents., 105|; do; 97|d j Victorian 4 per cents., 105 ; 3$ per cents., 93 J ; South Australian 4 per cents., 105 ; 3$ per cents., 93$ ; guaranteed 4 per cents., 103|; 3$ per cents,, 935; West Australian 4 per cents , 106 ; New Zealand 4 per cents., 107$ ; 3 per cents., 98 f. frosen mutton, first quality, 4sd; second do, 4sd. Lambs, first quality, od. New Zealand hemp is In poor demand, and no tales are reported. New Zealand long-berried wheat, ex warehouse, restricted, 28s 9d; South Australian wheat, ditto, firm, 28s 3d; Victorian, ditto, quiet 28a 9d. A shipment of 7500 quarters of Australian wheat, to arrive in FebruaryMarch, has been sold at 25s 6d. The A merican visible supply of wheat is 98,930,000 bushels. Feb. 10.

The Australian Mutual Shipping Company have declared a dividend of 6 per cent, per annum.

Mr Thomas Salt, presiding at a meeting of the New Zealand Midland Railway Company, said that the directors had not 4gpji»ed the Government terms, and with vigorous efforts wphW raise the £1,250,000. SypNEy, jppb- 10,

A meeting of pastoralists appointed a committee to draft a scheme for a new company, with the object of advancing the meat export trade, and opening fresh markets. Feb. 11,

There is a great glut in the wheat market both in Victoria and New South Wales, and farmers are holding their stock, declining to sell at the ruling low prices. In Victoria 1,015,000 bugs of wheat are lying at various railway stations.