COMMERCIAL.

Temuka Leader, Issue 2626, 27 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 consisted of 39 of all classes. Included in this number were 17 head, the portion for Timaru of a shipment from Melbourne to this colony, by our enterprising townsmen, Messrs O'Brien and McGrath. These horses arrived in fine condition, and an exceptionally good lot they were, being principally pure-bred Clydesdale mares, all young, and several unbroken. This is a splendidid opportunity for breeders in this district to secure a change of blood, which is so essential to the successful breeding of horses. Prices for this lot did not come up to the expectations of the importers, and several of the best mares were passed at auction. We have, however, received several applications for the unsold portion, and anticipate that all will be cleared in a few days. Mr Jameß Austiu secured one of the mares for his stud at Winchester. One-third, of the entry was sold at the following quotations : —Draughts, young and sound, with trial, £l6 10s, £lB 10s to £2O; do light and aged, £8 to £9 10s; light harness sorts, £8 10s to £11; hackneys, £5 10s to £lO.

TIMARU MARKETS

The Canterbury Farmers' Co-operative Association, Limited, report as follows for •9?eek ending Friday, February 23rd, 1894: , Wheat No new samples are yet offering. From reports it is likely that, in face of the lethargic state of the market, farmers are preferring to keep it in stock. Old wheat finds buyers at quotations. Oats —Buyers are only purchasers at a reduction on last quotations. The coastal trade continues,, to absorb a fair quantity. , New oats are offering freely, but buyera are very restricted iu their operations. We have placed large lines at quotations. The outside demand is only moderate. Barley—Sales have been effected at 2s 9d to 3s 3d, for fair malting parcels. Quotations are as follow :

Wheat—Velvet (old) 2s 5d to 2s 6d, tuscan do 2e 4£d to 2s sjd, red chaff do 2s 3d to 2s 4d; on trucks Timaru.

Oats—Milling Is 7d to Is Bfcd, short feed Is 6d to Is 7d, danish Is 5d to Is 7d, duns 1b 6d to 1b 7sd; on trucks Timaru.

MONETARY AND COMMERCIAL. London, February 22. The American visible supply of wheat is 97,500,000 bushels. Six thousand quarters of Australian wheat, to arrive in February aud Maroh, have been sold at 25s 9d per quarter. Feb. 23. The bank rate of discount is quoted at 2 per cent. New Zealand 4 per cent, inscribed stock, 107 £ ; 3i per cents., 99. New Zealand long- berried wheat, ex warehouse, 27s 6d, market weaker; South Australian do, 28s 6d; Victorian do, 28s. New Zealand mutton, first quality, 4{jd; second quality, 4Jd; lamb, 6Jd. Adelaide honey, lOd. Feb. 24. The sale of £30,000 worth of silver haß disorganised the market. The Orient Company and the V. and O. Company deny any knowledge of a concession in freights on dairy produce from Australia to London; and declare that the matter is not at all under negotiation.

jttThe London Dock Company are making experiments in discharging frozen meat direct from the steamers to the frozen meat storet. Hitherto the practice has been to distribute the meat to the consignees, but it is believed that under the new system steamers can be discharged in three days instead of three weeks, thus reducing expenses and expediting delivery. "Colonial butter is quoted at 114 s per owt. Rabbit skins are in poor demand at a decline of from Id to 2d.

Paris, February 23. The Chamber of Deputies has agreed to au increase in the coru duties to 7 francs.

Melbourne, Fob. 23,

Robb, the well-known railway contractor, is bankrupt. His liabilities amount to £G53,000, and assets to £582,000. The Metropolitan Board of Works has decided to issue a local loau of £500,000 at 4£ per cent. It is expected that the ininimum will be slightly below par, and that small amounts will be received in pursuaupe of tlie policy of granting facility for obtaining pfienp ''money. The Treasury has informed the savings bank commissioners that it coiucides in small loans boing advanced at 5 per cent. Calcutta, Feb. 24.

The Bengal Chamber of Commerce has carrjcd a resolution, opposing the reopening of the mintf).