COMMERCIAL.

Temuka Leader, Issue 2713, 18 September 1894, Page 4

COMMERCIAL.

CHRISTCHURCH MABKETS. The New Zealand Farmers’ Co-opera-tive Association of Canterbury, Limited, report for the week ending September 14th, 1894, as follow: A fair volume of business has been transacted id grain and produce during the week bothlocally and for export. Wheat is firiri, and export demand -continues fairly good, while the quantity offering at present rates is restricted. Oats—Local stocks .having been greatly reduced, offerings have met with improved demand, but outside markets will not permit any’ adt vance in export values. Beads and Peas continue' lifeless. Byegrass and 1 cocksfoot stocks are probably fighter than they have been for years, but ' the demand is now easing down. Clover seed finds ready buyers at recent quotations. Potatoes during the week for prompt shipment had brisk enquiry, heavy weather iu Tasmania having affected shipments from that quarter to Sydney. : Speculators are chary of operating exceptingfor ai>solute orders, and the market shows signs oil reverting to former values. Dairy Produce is unchanged. Present quotations, f.o.b. Lyttelton, sacks extra : Wheat—Prime milling pearl, velvet, and tuscan, 2s 9d to 2s lOd; hunters, 2s9d. to Is 9d; short feed, Is 6d to Is 7d ; duns, Is 6Jd to la 7sd ; danisb, Is 5d to Is 6d. Barley—None offering. Prime malting, nominally, 3s 8d to 3s lOd; medium, 3s to 3s fid.

Peas—Blue Prussians, 2s 6d to 2s 9d ; partridge, 2s 7d to 2s Bd. Beans—2s sd. Potatoes—Unsettled, 17s 6d at country stations.

Byegrass —Machine - dressed, 4s 6d; ordinary, 4s ; farmers’ undressed samples, 3s to 3s 6d.

Cocksfoot—Machine-dressed, 5d to 6d; ordinary, 4d to sd. Bed Clover and Cowgrass—6d to 6sd. Cheese —Large, 4id ; loaf, sd. Butter—Prime fresh, 9d; salt, 7d.

Bacon and Hams—7sd. Oaten 1 Sheaf Chaff—sss to 57s 6d, sacks included.

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: 32 horses wore submitted to public auction. We bad & large attendance of buyers and others present durjug the sale. The demand for young plough horses was good and' late : values well maintained. Opr quotations were as follows: Draughts, young and subject to trial, £ls 10s, £l6, £l7 10s, £lB 15s to £sl j do Ijght and aged sorts, £ll 10s to' £l2 ; light hamess sorts, £ls to £ls 10s; hackneys, £5 15s to £9. The chestnut gelding Redwood by Master Agues was sold at £l7. TIMARH M4BKETS. The Canterbury Farmers’ Co-operative Association, Limited, report as follows for jyeok ending Friday, September 14th, 1894: Sjppp opr last report fair business has been dons in ppts, being a bit dull, owing no doubt to tbs yipforkin still coming. Wheat—Quiet, owing to sellers’ ideas differing from those of buyers. Owners arp e£ppotiug better prices later on. Velvet and tnscap '(pfd ( crppl 2s 7d to 2s Bd, red ebaff 2s 6d >■ Vejyef /nd'“tjuafqpw crop) 2s 4ii to 3s Od, red chaff 2s 3Jfd to gs 4d. Oats — A moderate demand only exists for these, and /ecent prices are difficult to <*et. Prune milling Canadians Is 4d to Is 6d,'sl;o;'i feed fe Qhd to Is sd, dauish Is 2.4 tp' fs 3sd, jE.o.b., tastfj.rg (gopdl Is 7d to Js.3,dBarley—Chevalier 4s, dressed for seed. Potatoes—22a 6d f.0.b., sacks in. MONETARY AND COMMERCIAL. L oyppfy September 13. Now South Wales is floating a Joan of £832,000 at 3Jt per cent, with a minimum of 100. Tenders are to be opened on September 20th. The success of the issue is certain, §s jt js already quoted at a premium.

' Cargoes of Adelaide wheat ex Drum- J mair sold at 22s 3d, ex Glenricht at 22s 3d. ' The Maori King’s shipment of fat cat'tle arrived in good condition, .the stores medium. One store died. Owing to the regulations they have to be killed 'at 1 Deptford, the port of landing. Mr Tallermsn and other experts pronounce the shipments a grand success, and advise that in future they ahould be pastured a fortnight prior to shipment, which would increase the price £3. Sir S. Samuel protested against the live cattle imported by the Maori King being killed at once, but'without success. Five thousand rabbits, ex Ruahiue,sold at Is each.

The Opawa is discharging 10,000 sheep at Liverpool in excellent condition. At the Bank of England meeting Governor Powell reported that the'Baring liability had been reduced by £1,076,000 since February. The Shaw, Saville and Albion Company declare an interim dividend of 5 per cent. Consols, 102£.

Three months’ bills are ! ducoated at 6-Bth per. cent. New Zealand 4 per cent, inscribed stock, 109 f ; 3} per cent ditto., 103 J. New Zealand frozen mutton, first quality, 3Jd per lb; second do, 3d per Ih. New Zealand lamb, first quality, 6£d per lb. Australian lamb/Sfd. New Zealand hemp quotations are unchanged. New Zealand long-berried wheat, ex warehouse, is quiet at 24s fid; South Australian wheat, ex warehouse, is flat, 24s fid, and Victorian, ditto, quiet, at 245. The Bradford wool market is quiet, and little business is doing. Danish butter, 110 s per cwt. At the Bank of England meeting Sir E. Clark, on behalf of the shareholders, proposed that an enquiry , should be held into the proceedings of Mr May, the late cashier. He alleged that Mr May introduced customers to the worst stocks, involving a loss of £400,000, including his own overdraft. This had seriously affected the honor of the bank. In reply Mr Powell said that Sir E.‘ Clark should not make statements on the authority of customers. The motion was not seconded. Mr Treyberg, of Wellington, finds that there is an increasing demand at Home for kauri timber. September 14. Silver, 2a 6-9/16d. The Maori King’s fal; battle realised 5d per lb. Mr Himson, meat expert, considers that a superior quality of bullocks; than those by the Maori King are required, and advises shippers hot to send stores but fat cattle. The Financial News expects that the New South Wales loan will be amply covered at If above par, qiiite sufficient to meet the entire- expenses 1 of the issue. The colony reappears as a borrower under welcome circumstances, as it does not add to the debt and reduces the cost of services. .Owing to the soundness of New South Wales, stockbrokers expect the loan will be covered four times over. September 15. The Statist offers a prize of 1000 guineas for the’best scheme for an Imperial Customs Union, and has asked Lord Rosebery and the Marquis of Salisbury to abt as judges. Vienna, Sept. 15 An official analysis has been made of the Australian frozen meat imported into Vienna, and also of the fresh Galician and Hungarian meat. The reports are perfectly equal, as the botchers are selling Australian as Austrian. Mr Weddel, with the sanction of the Vienna Council, has opened several retail shops in order to thwart the opposition of the butchers. Capetown, Sept. 15. -The yearly output of wine for the colony has decreased to 4,000,000 gallons, and the drop is attributed to the prevalence of phylloxera. Sydney, September 14. Under the new loan conversion scheme it is proposed to only convert the 5 per cent, loan maturing in January next. Hobart, Sept. 14. The Chamber of Commerce is urgingthe Government to negotiate with the Premier of New South Wales, for a free exchange of'the natural products of the two colonies. The President advocated a conference of Australian chambers on the subject of a Customs Union during the Exhibition at Hobart.'

LONDON FROZEN MEAT TRAD The following is the report of the Frozen Meat Trade (per A. Towers), tor the month ending Aug. 10th, 1894: There has scarcely been a favorable feature in the frozen meat trade during the past four weeks. The pressure upoiu the available storage accommodation continues, and vessels cannot discharge their cargoes immediately on arrival. This state of things has now continued for weeks, depressing values. Added to this some firms have unnecessarily forced sales, accepting absurdly low prices, and rendering trade uuremnnerativa to themselves,if holders of stock, or inflicting considerable loss on consignors. This state of things is very unsatisfactory here, and the present quotations both of mutton and beef will make this most apparent. Arrivals have included “ Morayshire,” “ Rangatira,” “ Otarama,” “Rimntaka,” and “ Tainui.” In mutton values have touched the lowest for years, and there is no present indication of an advance. The supplies of all grades of New Zealand mutton are plentiful, and with Australian grades the same remark applies. The very low quotations now ruling are most disappointing to growers. In lambs there is, at time of writing, an improved demand, and values are firm With a rising ; tendency. This njpnth. When the bulk of summer visitors ape at seaside fgsof fa, there shopld be a quickened demand for lamb.

The demand for beef, consequent upon the strike in Chicago, quickly subsided, and since then lower values have ruled; and as with mutton the range has been the loweet for years. Stocks are slowly disappearing,'and wore limited arrivals, give the only hope of an irqmediate improvement in prices. Hinds certainly are a little firmer, but the continuance of this movement depends largely on tjie supply of American chilled beef. The preset quotations ftre ivrr Mutton— New Zealand, ft 08 * Canterbury, 2s 6d to 2s 6d; medium and good grades, 2s to 2s 3d; Australian and Queensland sheep, Is 5d to Is 6d, per Bft>. Lambs—Best North Canterbury, 3s 2d to 3d j pfcher jjrands, ?s $d to 2b 10d, per Bib. Beef—Queensland, hind quarters, IsCd to Is 8d; fores, lld to Is, per 80.