COMMERCIAL.

Temuka Leader, Issue 2934, 18 February 1896, Page 4

COMMERCIAL.

TIMARU MARKETS,

Tho Canterbury Farmers’ Co-operative Association, Limited (per Mr J. Mundell, auctioneer), report on the horse and cattle market at Tattersall’s yards, on Saturday as follows :—Our entry consisted of 21 horses, 1 cow, farming implements, harness, etc. Useful farm horses were conspicuous by their absence, and several buyers wore unable to get their wants supplied. We quote values as under : Draught mares and geldings, young, with trial, £l6 10s, £lB, to £2O ; do light and aged, £B, £9 10s, to £ll ; light harness sorts, £lO 10s to £l2 10s ; hackneys, £7 os to £9 ; cows, £2 5s to £5.

WELLINGTON WOOL SALES,

Wellington, February 14,

The third sale of the series was held today, when tho catalogue submitted was about 14,000 bales. Tho attendance of English and local buyers was good, and values generally were about on a par with late rates; superior lambs id to fd per lb dearer. Best crossbreds ranged from 8d to Bjd, medium to good 7d to 7|d, inferior fid to 6|d, choice lambs wool7idtoßd, medium to good 6Jd to 7d, inferior from 6£d to Gd.

AUSTRALIAN MARKETS,

Sydney, February 15. During the fortnight 12,570 bales of wool were sold, a good number privately. The catalogue included a large proportion of mediums and inferiors. For all good sorts there was the keenest competition. For greasies the prices of the last series of sales wore fully maintained, with an occasional advance. Mediums and crossbreds maintained the advance and are unchanged. Scoureds opened weak, but afterwards regained their position. Faulty lines continue to drag. The market generally closed very firm. At a meeting of the creditors of M’Buruey, Wallis and Co., wool and produce brokers, the liabilities were £11,430, of which £IO,BBO are unsecured. The assets are valued at £6410. Except for Lenten and jute goods, which are steady, the demand was dull i during the week in the import market. Breadstuffs are unsettled, and pending any large transactions, it is impossible to fix a price. Milling wheat is nominally quoted jat 4s 4d to 4s Bd, Small sales are mentioned at a considerable advance on the former figure. Owing to the floods in the north, maize is scarce and the price is advancing, being quoted at 3s 4d to 3s 6d, Potatoes and onions, also are in very short supply. Other lines are steady. Melbourne, Feb. 15. Tho import market is quiet, and very little is doing. Sales of wheat at 4s lid to 5s have been made. Flour is dull and a little weaker. Feed grain is in good demand. During the week the Cabinet considered an application from farmers who wore victims of the drought for seed wheat. Subsequently a Bill was introduced in the Legislative Assembly to deal with the matter. The Minister said applications totalled 65,000 bushels. Splendid rains throughout the colony have greatly improved the crops and grass prospects. Adelaide, Feb. 14. With reference to the floating of the new loan of £839,500 at 3 per cent, the Colonial Treasurer states that he does not need the money for five or six mouths. He consulted Mr Playford, Agent-General, as to the advisability of waiting till the money was actually required, or, fearing international complications, of floating it immediately. Mr Playford advised the latter course, aud expressed the opinion that it would reach 97. Feb. 15. Sellers of wheat are holding out strongly for 4s 4d, aud there has been limited business at that figure. Roller brand flour is firm at £9 15s to £lO. MONETARY AND COMMERCIAL. London, February 13. The weekly returns of the Bank of England, published to-day, show the total reserve in notes and bullion to be £39,942,000, and the proportion of reserve to liabilities 63.40 per cent. Three months’ bills are discounted at i per cent. The market is firm. Consols, 108 J. New South Wales 4 per cents 118 J » » » 3i „ „ 109 55 55 55 3 ~ ~ 90£ South Australian 4 „ „ 113 i 55 55 „ „ 108 Queensland ... 4 „ „ 112 f „ -3i „ „ 10GJ Victorian ... 4 „ „ 110 J „ ... Tasmanian ... 3J „ „ 106 JNew Zealand ... 4 „ „ 112 j 55 55 31 „ „ 105 j 55 55 ••• 3 „ „ 90j West. Australian 4 „ „ 123 New Zealand long-berried wheat, ex warehouse, nominal; South Australian ditto, weaker, 30s 3d; Victorian, ditto, quiet, 30a 3d. New Zealand frozen mutton,first quality, 3.fdporlb; second quality, 3jd; lamb,4gd; new, Gd. At the wool sale at Bradford prices were firm all round. February 14. At yesterday’s sales 3900 cases of Kauri gum were offered, half of which was sold. Three-quarter scraped brought 925; halfscraped 575, The stock on hand consists of 2400 cases. Tin butter market is flat, quotations being 96s to 100 s. Danish has been raised one kroner owing to a large demand from Manchester importers. A shipment of Australian packed in plaster arrived in a rancid and shrunken condition. It had apparently boon heated on the voyage. Mr Sinclair thinks the idea is an excellent one aud advocates a further trial. New Zealand cheese is dull at 425. February 15, Some of tho cattle, ex tho Angers, brought 2s 3 1 per stone. Tho Manchester Journal of Commerce attacks tho authorities of tho canal for mismanagement in connection with tho discharging of frozen meat cargoes and tho cold moat stores, ltdeclaros that a quantity of mutton ex tho Gulf of Siam, was kept for hours on the lorries.