COMMERCIAL.

Temuka Leader, Issue 2970, 12 May 1896, Page 4

COMMERCIAL.

TIMARU MARKETS

The Canterbury Partners' Co-operative Association, limited, report as follows : \V heat—Prime milling huuters and tuscau, oa to 3s Id ; velvet or pearl, 3s 3d; very prime, 3s3£d; soft and inferior, 2s lOd to 3s. Oats—Danish, Is 8d to Is 9d for good heavy lines; tit for seed, Is lid; duns, Is lOd to 2s; short oats, Is lOd to 2s, f.0.b.; sacks sd. Barley—Prime malting, very scarce, 3s 3J to 3s 6d; inferior and dirty, 2s to 2s Gel, on trucks country stations, sacks sd. Potatoes sell at 42s Gd to 455, f.o.b. sacks in.

The 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 36 horses, 4 cows, farm implements, spring carts, waggons, etc. The attendance was good throughout sale. In horses the major portion of our entry was Bold at prices satisfactory to vendors; the demand for young sound draught Btock coutimeß good, and several buyers were unable to fulfil their repuiremeuts. We quote values as under :—Draughts, young, with trials, £l7 15s, £l9los, £2O to £2l; do light and aged, £7 10s, £B, to £l2; light harness sorts, £l2 to £l6 ; hackneys, £5 15a, £7, to £9 ; ponies, £5 to £7 ; cows in milk, £3 to £4 ; implements, Bpriug carts and waggons sold at satisfactory prices.

CHRISTCHURCH MARKETS. A very good business was passing iu both grain and produce ou Saturday, speculators for export being on the look out to supply orders for Australia. Amongst the transactions iu wheat waß the sale of another one thousand Backs of tuscan for Hobart at 3s 3£d f.0.b., and several lines of good mixed milling sorts were taken for local grinding at full quotations. In spite of the number of anxious inquiries for good samples of oats holders are not incliued to sell at the prices offered, arguing that, with the quotations ruling at the Bluff, values must rise still further here. Several very large lines of good oatsheaf chaff are required for export, and while there are plenty of inferior and discolored lots offering, really heavy, bright Bamples are scarce. On Saturday 45a at a distant conntry station was paid for a line £,oing thirty sacks to the ton. Potatoes are offering freely, and prices Bhow no sign of hardening further. Holders of onions are demaudiDg more than buyers care to give. The following are current prices : Wheat —Pearl (prime milling), 3s 3d to 3s 4d; millers' mixed lines, 3s 2d to os 4d; tuscau, 3s 3d to 3s 3jd; hunters, 3s 2d to 3s 3d ; good seconds, 2s 8d to 2s lOd. Oats —Prime milling, 2s to 2s 2d; Bhort feed, 2s Id; duns and danish and good short feed, 2s. Barley—Malting, prime, 3s 6d to 3s 9d. (nominal) ; medium do, 3s 3d to 3s 6d' second quality, 2s 6d to 3a; feed, 2s 3d. Beans —"Well-saved, 2a 3d; ticks, 2a 4d to 2s 6d. Peas —Blue Prussians, 3s 6d to 3a 9d; others, 3s to 3s Id. Flour—Millers quote roller £lO, stone £9 10s, sharps £4, bran £3 10s. Oatmeal—£lo. Oat-sheaf Chaff—47s 6d to 50s at handy country stations. Onions —£6 to £7 10b at country stations. Potatoes Derwents, 35s at country stations. Ryegrass- -Farmers' lotß, 2b to 2s 9d; machine-dressed, to 3a 9d; heavy-weight, 4s. Cocksfoot—2Jd to 3d ; town machinedressed, 4d to 4Jd ; extra, to 4Jd. Cheese—3£d to 4d ; loaf, 4d to 4£d. Butter—Factory, lOd; dairy, 8d to 9d; salt, 6d to 7d. Bacon and flams—s|d. The above prices are paid to farmers f.0.b., Lyttelton, except where otherwise stated. —Lyttelton Times.

MONETARY AND COMMERCIAL. London, May 7. A Congress of Chambers of Commerce opens oil January Bth. Thirteen Australian delegates will be present. The Earl of Jersey will entertain all the delegates at Osterly Park, Islesworth. Mr Justice Williams has granted an order for the compulsory winding up of Chaffey's Irrigation Company. At the wool sales medium merinos sold at from par to 5 per cent, below March rates; faulty aorts from 7j per cent, to 10 per cent; greasy crossbreds 5 per cent.; coarse from par to 5 per cent. Jacomb Son and Company report that the decline is probably due to purchases in the colony being below London rates, and also to bad trade in America, The imports for the past mouth Bhow an increase of £1,467,442, and exports £1,174,388. Tho weekly returns of the Bank of Lugland, published to-day, show the total reserve in notes and bullion to be £37,GG8,000, aud the proportion of reserve to liabilities 58.48 per cent. Three months' bills are discounted at i per cent. • Consols, lllf. New South Wales 4 per cents 122 j> » » pi „ „ 108 f >j j» » 3 „ „ 101 J South Australian 4 „ „ 113 J » n «*£ „ „ lllf New Zealand ... 4 „ „ 115 J < » » ••• «H » » 109 „ „ ... o „ „ JOIJ Victorian ... 4 „ „ 114 ... 3£ „ „ 107 Queensland ... 4 „ „ 116 J -3i „ „ 109£ Tasmanian ... 3J „ „ 108 J West. Australian 3£ „ „ 110£ Frozen mutton is unchanged ; lamb, New Zealand, 4gd. Homp is unchanged. Tho English wheat market shows a general decline of Od; the Continental is steady, and the American declining and weak. Wool iB unchanged. There is fair competition. May 8. Wool, Dunedin brand, brought 10£d. Homp is inactive. The New Zealand was withdrawn. Butter is dull, at 80s to 88s. Danish has fallen throe kroner. Tho Shaw Savill Company have declared a dividend of 5 per cent., and carry forward £2992. At auction 2530 caßes of Kauri gum were oil'ered, of which 821 were sold. Three-quartor scraped brought 92s ; halfscraped, 5Gs. The stock on hand is 883 casos. Lord Durham has sold fourteen collieries, tho output of which is 12,000 tons daily. The price was a million sterling. Sydnky, May 8. Tho Australian Mutual Provident meeting adopted tho report. The result of the ballot for directors will not bo known for some days.