COMMERCIAL.

Temuka Leader, Issue 2482, 28 March 1893, Page 4

COMMERCIAL.

TIMARU MARKETS. The Canterbury Farmers' Association, Limited, report as follows for the week ending March 24th : Wheat —ln consequence of farmers not being disposed to accept prices ruling since the opening of the market local buyers have slightly raised quotations, which with several outside orders, has resulted in a large amount of business. We have placed a large quantity during the week, and have orders on hand. Oats—Are very quiet, and in face of the Sydney market failing, prices here are receding. Barley—The market is quite bare of good samples. We are wanting prime lots. Potatoes —We have buyers and could place a few hundred tons. Quotations are as follow : Wheat—Tuscan, 2s sjd to 2s 6£d; pearl, 2s s£d to 2s G£d; red. chaff, 2s 4d to 2s 6d—on tracks. Oats—Milling, Is 9d to Is lOd; short feed, Is B£d ; danish, Is 7d—f.o.b. Barley^—Late rates, Potatoes, 40s ton—f.o.b. CHItIS'xOHTJRCH CORN EXCHANGE. The following is the Corn Exchange report (per F. Denham, Secretary), for the week ending March 24th : The operations of the week have been of the most depressing nature, and we have heard of no purchases whatever of a speculative kind. From hand to mouth seems the order of the day. This depression is probably caused by the uncertainty how far recent failures will extend, and the heavy calls made by shoddy companies, many shares being unfortunately held in Canterbury. Our remarks apply to all sorts of produce. Wheat—A little selling at quotations. Barley—Even that is slow. Oats —Sell first and buy afterwards is now the plan, nobody holding stocks. Beans and peas Saleable. Grass seed —As betore. Dairy produce -Butter of the cart-grease brand is quite unsaleable. Of are consuming nearly all we produce at present. This cannot last. The following prices are those paid to farmers, f.0.b., packages extra, potatoes and millers' goods excepted : Wheat—Tuscan 2s 7d, pearl 2s 6d, hunters, 2s sd. Barley—Prime malting 4a 3d. Peas—Blue 3a Id. Beans—2s lOd.

Oats—Milling Is lid, stout feed la IOJd, tartars would fell, duns and Danish Is 9d. Potatoes—Kidneys 45s at stations. Butter—Best factory lOd, we find there are grades even in this. Cheese—3Jd to 4d. Flour—Boiler £S. Bran—sss. Pollard—6oa.

DUNEDIN WOOL SALES. The fifth wool Bale of the season was held on JB'riday. The attendace was good considering the fact that most of the catalogues were remnants. The competition was quite as spirited as on previous occasions, all sorts being in good demand, and fetching prices quite up to lust tale, indeed in some instances higher, several lots that were passed in then bringing an advance of Jd to £d per lb. Greasy halfbred and crossbred s£d to B£d, crossbred pieces 3id to sd, scoured cumbing meiiuo Is 1-Jd, do pieces 12gd, do piece. 3 halfbred 11 Jd, dn merino locks s|d.

AND COMMERCIAL

London, sarcb5 arcb 2 f• New Zealand 4 per cent inscribed siw 101; 3£ per cent, ditto, 97|. New Zealaud long-berried wheat is flat at 30s. South Australian and Victorian wheat is quoted at 335. For cargoes of Australian wheat on passage, sellers ask 30s 3d. Cargoes of early shipment are offering at 30s 6d. Frozen mutton, second quality, 3£dper lb ; lamb, finest quality, s£d. Soveu per cent, of the Duke of ArgyJe's Brisbane beef, and 20 per cent, of that shipped at Townsvillo are bad. In New Zealand hemp forward sales are reported at a slight advance. Nothing is doing iu spot lines. The Arawa's factory-made butter is selling at 90s to 100 s per cwt. A trial shipment of Queensland evaporated bananas realised £lB per ton. The frozen meat ex Tekoa and Arawa from New Zealand is in fair demand. The American visible supply of wheat is 105,000,000 bushels. Australian factory-made butter is quoted from 90s to 96s per cwt. A few fancy parcels realised over 200 s. The Eastern Extension Telegraph Company declare a dividend of 5 per cent. Tho French Government are imposing a maximum tariff on direct imports to the Australian colonies. The Marquis of Dufferin, British Ambassador in Paris, is enquiring into the matter. The British and Australian Exploration Company, with a capital of £20,000, has been formed. The company has acquired

discoveiy rights and mining claims in the north-west of Australia. The banks have presented a petition to the Government, asking them to veto the Banking Act recently passed in South Australia. Speaking at a banquet, Lord Ripon, the Secretary for the Colonies, said that the Government specially desired, during their term of office, to encourage colonial commerce. Melbourne, March 25. The revenue for the last week shows a decrease of £29,000 as compared with the same period last year. In the Legislative Assembly the Colonial Treasurer, in the course of a speech, regretted that the colony's principal productions, wool and wheat, were now realising such low prices, and he said that unless everything else was reduced in proportion it would not pay to grow either wool or wheat here. Sydney, March 24. The assets in the bankrupt estate of Sir G. R. Dibbs are set down at £35,000, and the liabilities at £IB,OOO.