COMMERCIAL.

Temuka Leader, Issue 2833, 25 June 1895, Page 4

COMMERCIAL.

THE MARKETS. Prices at 1 imam remain unaltered, but business is quiet. Quotations : —Milling wheat, 38 5d to 3s 9d; fowls' wheat, 3s 3d to 3s 6d. Oats are saleable at from Is 8d for danish, to Is lOd for Canadian, f.o.b. Flour iu sacks, £9 ; bran, 60a; pollard, 80s per ton. The Canterbury Farmers' Co-operative Association, Limited (per Mr J. Mundell, at Tattersall's yards on Saturday : —Our entries comprised 32 horses, 2 cows, implements, etc., on account of Messrs On IF & Landall's, Oamaru, Messrs Benbow & Moffit, Ashburtou, and others. The attendance was good throughout the sale, and although the clasn of farm horses was the best all round we have offered for several weeks, vendors and buyors' limit waß difficult to blond together, and at auction a large prppottion of the yarding was passed ; but several sales were made privately. Uur quotations are;—Draughts, young with trial, £ls 15s, £l6, to £lO ss; do., light and agod, £ll to £l2 ; hacknoys, £G to £8 10s; cows, £3 10a to £5 15s. CHRJ3TCHURCH MARKETS. The New Zealaud Farmers' Co-opera-tive Association of Canterbury, Limited, jeport on Friday, 21st June, 1895, as follows : The only alteration iu the market since Wednesday is addition firmness for all cereals. Wheat is again hardening up, and stocks in growers' hands are now in narrow compass. Oats have advanced about 2d per bushel sinGe same time last week, aud as from recent advice 9 the drought still continues in !Now South Wales, holders are very firm. Blue peas have advanced about 2d per bushel. Beans are rather easier. Potatoes, after going to 28s ai country stations, have receded, and are now offering at about 26b, but buyers are not disposed to operate at present. Salt butter is very firm, aud readily saleable at 9d, fresh at lid to Is. MQ.NETAKY Aflii GUi&MERCIAL. London, June 20 The administrator of the Royal Bank of Queensland js privately offering depositors £300,000 in I p,sr cent debentures at par, redeemable iu 10 year* at J.Q3, depositors converting before then to receive a bonus of 10s, Consols, 106*. Three months' bills are at J per cent.

New Zealand long-berried wheat, weaker 28a ; South Australian, ditto, 2c»a 3d; Victorian, ditto, 28s Gl New Zealand mutton, first quality, 3£d; ;;econd quality, Lamb, 4jd. The New Zealand hemp market is steady, and 48 bales of good selection from Wellington were sold at JJI3 per too. At the Bradford wool market there was a better demand, and pricos were slightly firmer. Butter is steady. Danish has advanced. The market ia almost bare of the Australian article. Juno yi. Eighty of the shwp by the Mawke's Cay were sold alive at. .'>7a. Huerbohm, in hin circul-if, sajM that it h probable that tho English wheat crop will be one of tho smallest on record, lrrano, U-uigary, and .Russia, ho says, will have a moderate yield. Tho decline in tho market is due t«. the enormous shipmoots of tho last two uionths. 'There is, nays Boerbohm, every reason to expoctan early recovery. Tho Manchester Colonial Steam Ship Company ic being formed to run produce steamers between New Zealand, Australia, Manchester, aud tilasgow, calliug at tho Cape. Builders of the vessels are taking share?. June Si. The Fall Mall Ua/.vjtto states that China in April gave a London bank the option of arranging tho indemnity loan, receiving an immediate advance of Jti,O(X>,OUU, aud 1

therefore hesitateß to ratify the RussoChiuese loan. Washington, June 21. American financiers are arranging to offer to furnish China with 200,000,000 taels of silver to pay the indemnity. Melbourne, June 21. The Banking Commission examined Mr Smith, chief managor of the National Bank, who said that with a State Bank of Issue, a fourth to a third por cent, of the specie held in hand would prove sufficient for all purposes. Tt would be no advantage to have a State note issue constituted legal teuder everywhere, except in the place of issue. He did not think the Credit Foucier system applicable to Victoria, as it made no provision for further advantages. Advances which only amount to half the value of securities are not of much assistance, though it would be a relief to present debtors to take advantage of cheap money. Speaking generally, for the business done in the colony there was an excess of specie. What they suffered from was want of confideuce. The Supreme Court had sanctioned the rearrangement scheme of the Colonial Bank of Australia. June 22. The Age says tha success of the JNew Zealand 3 per cent, loan aud the price at which it is now quoted in Loudon clearly demonstrates that such stock is readily marketable and likely to attract investors, who appear to prefer purchase at a dis count than a premium for income. The proposed idea of issuing federated Australian stock must, for the present, at all events, be abandoned, but this is no reason why the various colonies should be precluded individually from converting their various loans into one solid 3 per cent, interminable stock, which would immediately do away with the constantly recurring expense attending loans falling, but 3£ per cants at the present quotations should be convertible at 94 or 95. Security in the shape of public works at the back of such stock would satisfy the most cautious investors. Sydney, June 21. The butter market is very firm. Dairymade is quoted at from lid to Is Id; factory-made, Is Id to Is 3d. Mr Coghlan has prepared a statement of the trade returns for Australasia for 1894. The total imports were valued at £48,720,000, and exports £62,315,000. The aggregate decrease is £7,976,000, as compared with 1893. New South Wales total trade was £36,379,000; Victoria, £24,497,000; New Zealand, £16,019,000 ; South Australia, £13,608,000; Queensland, £12,667,000 ; Western Australia, £3,395,000; Tasmania, £2,468,000. All colonies excepting Western Australia showed an increase in exports. The imports for Home consumption decreased by £98,000. The exports of domestic produce increased by £lll,OOO. June 23. As a result of exhaustive experiments the Broken Hill Proprietory Company intend to erect immediately a concentrating sulphide dressing plant capable of treating 1400 tous of sulphide weekly. Experiments have shown that is possible to save 85 per cent, of load, and over 60 per cent, of silver. Adelaide, June 21. Messrs Riddock have shipped 10 bullocks and 100 sheep by the steamer Echuca, which is the first shipment of live stock sent from this colony to London. Any one who has children will rejoice with L. B. Muliord, of Plainfield, N.J His little boy, five years of ago, was sick with croup. For two days :nd nights he tried various remedies recommended by friends and neighbors. He says: " I thought sure I would lose him. I had seen Chamberlain's Cough Remedy advertised and thought 1 would try it as a last hope, andain happy tosay that after two doses he slept until morning. I gave it to him next day and a cure was effected. I keep this remedy ia the house now, and as soon as any of my children show signs of croup I i>ive it them, and that is the last of it." For sale by J. C. Oddie, Tomuka, and Morrison Bros., Geraldine.

New South Wales 4 per cents 106j Victorian ... 4 107? - H 102 South Australian 4 111? 3 £ 103* Queensland ... 4 111* »• 3i 103 New Zealand ... 4 in? » » - 2* 104^ Tasmanian ... 3J 104 West. Australian 4 11!)