COMMERCIAL.

Temuka Leader, Issue 2644, 10 April 1894, Page 4

COMMERCIAL.

AUCTIONEERS REPORT. The Gallic; bu r . farmors’ ‘' «• operative A oc '.i ■, !.■ iteii (per Mr J Mundell, iir.io'-u' , ivj.ori ou the horse market, •i i aiie. Mi'l'a cm Saturday a* M ows : \V\ suimiiviied ti- nuoii m 72 head, aud for ail young sound stock we had keen corape, it.ion, the ro-ult being a decided improvement in values I here wi>s largo attendance of buyers and nth in tore tod present throughout the -al-?, which wm! t'-e most eati.factory one wo haw held for several ninths, e have a buy r for young horses, suiitt'.-L 0 r trams o -prii g dray work. V • ; - having stock oi this cLss to dispo.-a • l should forward for sale next Saturday. We append our quotations of prices, viz : BLOOD STOCK. On account Mr H. Struthers, a 3-year-old by Moana—Miss Alice, 16 guineas, passed ; a 2 year-old by Moana—Miss Alice, 5 guineas; on account Mr D. Stewart, the well known race horse Jacob F ithful, 68 guineas, passed DRAUGHTS AND LIGHT HARNESS HuRsKS. Draught mares aud geldings, young with trial, £ls 10s, £l6, to £18; light aud aged d., £lO to £l2 10a; light harness sorts, £lO to £l3 10s. Guinness and LeCr .n report having had a most satisfactory sale of horses, plant, etc,, on Saturday last, at the Timaru horse bazaar. Tha attendance of buyers aud the public was large all day, showing that great interest was taken iu the sale. They disposed of 26 head at the following prices: Good to medium draughts, £l2 to £l7 10s; ordinary, £5 to £lO. Drays and ploughs sold at good values. On Saturday next they will submit the whole of Mr James McCool’s horses, harness, etc.

TIMARU MARKETS.

The Canterbury Farmers’ Co-operative Association, Limited, report as follows for week ending Friday, April 6th, 1894 : There has been little change since our last report in the local prices for grain of all sorts. There appears an absence of any speculation, aud millers and others are only buying from hand to mouth. We have now buyers for wheat and oats of good quality. Wheal—Several parcels of old wheat have changed bands, prices being at an advance ou recent quotations. There has been some enquiry from the North Island during the week. New crop wheat of good quality ia enquired fur at quotations, but inferior is neglected. Velvet and tuscan (-Id crop), 2s 6d to 2s 6d; red chaff, 2s 4d; pearl and tuscan (new), Is lid to 2s 2d ; red chaff, Is 9d to la 10d; on trucks Timaru.

Oats—The favorable crop in Otago and Southland has resulted in very low quotations, and sales are being made for coastal trade at rates with which Timaru cannot compete at present quotations. There is a fair demand for heavy sh- rt oars, also feed oats of good quality Milling Canadians, Is 4o in Is od; limit feed, Is 2d to Is 3d; iia;.ish, Is t<• Is 3d; on tniiTs Tiinuiu. Earley—2,j 9d to 3s 4d ; ou trncks Timaru. Potatoes —40s, f.0.b., sacks included. Ryegrass —Up t, 3 fur farmers’ parcels MARK TS. The New Zealand Farmers’ Co-operative Association of Ca nterbury, Limited, rr port for the week ending Friday, April 6th, 1894, as follows: — Busi ess iu grain and produce during the week has been generally quiet. New wheat is not offering freely, aud any samples of sound quality meet fair competition. Weathered lots find an outlet only as wh-de fowls’ wheat for which there is fair demand Mid con-

tinues to be absorbed by millers at late rates, but quantity available is limited. Oats, after experiencing further weaknes.-q have rallied, chiefly due to the fact that owners show disinclination to sell below present quotations. Barley moves steadily into co-sumption at quotations. Prime making samples are scarce, and inferior lot- meet a very limited demand. Beaus aud peas are unchanged, and in tho absence of tonnage buyers are not disposed to operate. Ryegrass has good enquiry at full rates, but cockef >ot is against sellers. Dairy produce is iu full supply at recent rates. Bacon and hams scarce. Potatoes have had limited business on the basis of 32s 6d to 37s 6d at country stations, according to delivery, buyer finding sacks. The recent heavy rains are reported to have caused much injury to the crops in low-lying lands. Present quotations, f.o.b, at Lyttelton, sacks extra:— Wheat—Old pearl and itlsCan, 2s 8d ; hunters, 2a 7d; new crop, Is lid to 2s 3d.Oats—Milling Canadians, Is 7d to is 8d; short feed, Is 6d to Is 7d; duns and danisb, Is 6d to Is Gd, Darjey—Prime raajtiug, 3s 8d to 4a; medium, 3s to 3a 6d ; inferior, 2s to 2s 6d; Cape, 3s Id to 2s 3d. Blue Peas—3s Gd to 2s Od; partridge, 2s 8d to 2s Od. Rye Grass—Old pasture machine-dressed, 4s 3d; ordinary, 3s 9d to 4s; farmers’ samples, 2s 6d to 3s. Cocksfoot—l4lb per bushel, -lid; lighter, 3idto4d. Cheese — T -iroro. 4d ; loaf, -l|d. Butter—Prime fr;*h, 8d ; salt, Gd. Bacon in it i. tins -9. i. Oaten Sheui. Chaff, G3s (id to Cos, f 0.b., sacks in. MONET Y AND COMMERCIAL. Lon do -., •. pril 5. Tim Melbourne Gas Company's 44 per cent, loan of £50,000 has boon fully covered. Messrs Dalgety and Co. have declared an interim dividend of Is per share. At the meeting of the Bank of Australasia, the chairman said that the institution had muro money than it could profitably

invest. In the course of his remarks he dwelt on the extraordinary vitality and soundness of Australian commerce, aud alluded to the complete success that had attended the reconstruction schemes of the various banks that had suspended during the recent financial crisis. At the Bank of Australasia meeting, the chairman said that the losses in Melbourne had absorbed half the profits. The proportion of reserves to liabilities during the year was about 33 per cent. April 6. New Zealand 4 percent iu crihed stock, ax interest, 107 ; per cent*., 100 Now Zealand fr zeo motion, first, quality, 4J.1; second quality, 4f .1; lamb, first quality. 6jd The New Zealand hemp market is quiet. About 470 bales, fair to good, brought from £l4 10s to £l6 10s.

Kauri gum is quiet and in only moderate demand. B eavy stocks prevent any improvement in the market. Fine pule amber, 117 s; three-quarter scraped, 67s t »745; pickings, about 325. The butter market is-depressed.- The Ruahine’s fact -ry made realised from 94s to 98s, while a few fancy h.ts brought o er 100 s; Danish, 116 s. New Zealand long-- berried wheat, ex warehouse, 26* Od, buffm;- .ii> quiet. Sou -h Australian w«v t, ex wareh >use, 28s; Victorian ditte, 27»- - . The captain -4 iff- ship Wellington reports that her cargo fr .zm turat .is in good condition. April 7. . Mr Garrard, s-dicker, of iOvrSmun. iivs failed, with ;übi ; ili*’a .sxouuG.’g x. > £300,000, As the t.dU t of his vni; to Stuuhfield. Sir ’ hour s Moil wraith expressed surprise a.:, mo inferior quality of Queensland beef, : • c impi ed with American beef. Melbourne, April 8.

The representative of an English provision merchant has already ' purchased

.i .ju £50,000 We nth *f butter for the mu-n -'j I®; season, lie >rates that ,ne hig.i . which tiled Ust y-..-«r wer* due to the abnormally bad season, and that it would not be right to encourage exporters iu the idea ;hat they will get the same rates next season.