COMMERCIAL.

Temuka Leader, Issue 2902, 3 December 1895, Page 4

COMMERCIAL.

TIMARU MARKETS,

The Canterbury Farmers’ Co-operative Association, Limited (per Mr J. Mnndell, auctioneer), report on the horse aud cattle market at Tattersall’s yards, on Saturday : —Our entry comprised 37 horses, 2 cows, implements, harness, etc. The demand for farm horses continues good, and satisfactory prices were obtained for all young useful sorts of fchis class submitted to auction. For hackneys and light-harness sorts the competition was weak aud prices low. Our quotations are : —Draughts, young, with trial, £ls 10s, £l6 10s, £lB, to £l9; do light and aged, £7 10s to £9 ; light harness sorts, £7 to £lO ; hackneys, £3 10s, £4, to £5; cows in profit, £4 10s to £5.

MONETARY AND COMMERCIAL

London, November 28. The Rakaia’s chilled beef from Queensland was carried at a temperature of 30 degrees. There was a sign of mould on the 45th day, and it was frozen hard on the 49 th day. When discharged the meat was sweet and sound, but dull iu appear-

ance. At the wool sales au excellent selection was ofi'ered, and there was a brisk sale, prices being firm, The Bradford market is firmer and business limited owing 10 sellers holding, consequently prices are dearer than in Loudon. Six cases of pleuro pneumonia were discovered among the cattle ex the Maori King from Sydney. November 29. The weekly returns of the Bank of .hnglaud, published today, show the total reserve in notes and bullion to be £33,908,000, and the proportion of reserve to liabilities 59.30 per cout. Three mouths' bills are discounted at 1J per cent. Consols, 107. xt n At. WT~.~~ A ««« »»,.4. n -I 1 X i

Now Zealand long-berried wheat, nomi ■D.nl ; South Australian, 28s, market re stricted ; Victorian, 28. s 3d, flat. New Zealand frozen mutton,first quality, 4Jd per lb < second quality, 3^d. The hemp market is flat, and none was sold at yesterday's sales. Butter, colonial, 100 s to IOGs. leas, Victoiian, 275. Silver, 2s 6 11-16 d per oz. The Rakaia's shipment of chilled meat is virtually unsaleable. A fow of the carcases brought Is 8d per 81b. Much of the meat was tainted, and a portion has been coudomned as unfit for food. Measurement freights by sailing vessels to Melbourne and Sydney will bn raised 2s Gd per ton about the middle of December. At the wool s-ile there was spirited competition and prices were very firm. Melbourne, Inov. '29. Owjug to tlit) the crop* of beans and pea 3 aro not expected to £?? over 15 bushels to the acre, which is much bei<,w , tho average of last year There were 500,000 acres cut for hay, but this year it will not exceed 300,000 acros,_ and the average will not be more than 15 cwt per acre, °vhich is the lowest rate for many yearfl ' «vd.yev, Nov. 20. Tho Presbyterian Hoard'of Missions have decided to withdraw tho subsidy to tho New Hebrides Steamship Company on tho expiry of tho present year's contract, ;

and intend to inaugurate a service of their own when the new mission steamer Dayspring, now on the way out, arrives. Silver shares are again very active. Block 10 have sold at a further rise of 2s 3d ; Proprietary Is 5d ; Block 14 at 13s. About 15,000 tons of Californian wheat are now afloat. Later advices show that previous quotations were c.i.f. lauded in Sydney, but not duty paid; but as the consignment is not to be landed until after the duty has been removed, this makes no difference to the total lauding price, which will still be 3s 4|d to 3s sd. December 1. The silver market continues very active and prices are firm. Block 14 have been sold at 4s higher than on Friday. All round there is a considerable rise.

New South Wales 4 per cents llof » , » » » 105 Victorian ... 4 » 109| ... 3^ » 103 South AuBtraliau 4 » 110J 3 i » 104 Now Zealand ... 4 )> 1094 ., - ?£ j> 1034 Tasmaniau ... 3£ w 106" West. Australian 4 J1 123*