COMMERCIAL.

Temuka Leader, Issue 1672, 13 December 1887, Page 4

COMMERCIAL.

AUCTIONEERS’ REPORT. TIMARU. Mr Moss Jonas reports as follows : A steadily increasing improvement in business is to be noted, and the constriction in the money market will no doubt be greatly relieved as soon as wool growers lift their cash after the approaching sales. A much more cheerful tone prevails and a greater readiness to enter into legitimate speculations. The outlook for the future, on the whole, is much better than it has been for a year or two. Pleasant Point Sale—Last Monday’s sale was one of the best and most successful that has been held in these yards for nearly two years. 1960 sheep, all farmers’ lots, besides a fair lot of cattle and pigs, were penned, and the attendance of farmers, butchers, and dealers in quest of stock made the sale pass off briskly, every lot drawing a fair amount of competition. Por sheep especially the market was a good one, only one small lot of shorn hoggets being turned out unsold, but for cattle it was not so good a sale as the last one. He sold 180 shorn crossbred ewes and lambs at ss, 58 at 6s Id, 26 hoggets at 6s, 65 ewes and hoggets at 6s 7d, 270 quarterbreds at 7s, 73 fat ewes at 7s 3d, 271 half-bred ewes and wethers at 9s, 461 hoggets at 9s lid, 124 ewes and wethers at 9s 6d, 116 2 and 4-tooth hoggets at 9s lOd, 126 ewes with lambs 10s, and 130 4-tooth wethers at 10s 6d. In cattle he sold 17 steers and heifers at £1 9s, 4 good forwards at £4 15s, and 9 at £4 17s 6d, 6 yearlings at 21s, and 2 cows at 30s. Pigs, 5 at from 10s to 17s. Washdyke Yards —He has to report the sale of 6 pigs at 32s 6d, 7 cows in milk at £4 10s, 10 heifers at £3 and 16 yearlings at £llos, 70 shorn hoggets at 6s lOd, 40 do at 7s 6d, and 60 do at 6s Id.

Sheepskins—He sold at his last sale crossbreds at Is 6d to ss; merinos, 2s 5d to 3s 8d; pelts, Id; lambs, 6d; hides, 2id to 4d. Pat at last quotations.

Country Sales—On Wednesday he held a sale at Mr Maze’s farm, near Pleasant Point. There was a large attendance of farmers from all parts of the district, and the sale was in all respects of a most satisfactory character, biddings coming briskly and excellent prices being maintained. The equity of redemption of the farm of 83 acres, on which a mortgage and interest of £312 exists, brought £75. The coaching stallion Bobbie Burns brought £3O, and the Clydesdale Young Vanquisher £32 10s, roan filly £2O, grey gelding Jack £2O, bay filly £lB, white mare £l2, bay hack filly £7, hack mare £5, and bay mare Kate £6. 7 cows sold at £3l2s 6d, waggon £3O, McCormick reaper and binder £l7, plough, filter, harrows, etc., at full values.

AUSTRALIAN MARKETS. Melbourne, Dec, 8. The New Zealand Loan and Mercantile Company held their usual wool sale to-day. The catalogue comprised 4700 bales, of which 4200 were sold at satisfactory prices. There was a very animated competition. The market is much firmer, and good superior wools are showing an advance of 5 per cent, on late rates. Greasy merinos realised 10|d; crossbreds, 9f d; lambswool, Hid; washed fleece, 14f d; scoured, 16|d. Sydney, Dec. 9.

New Zealand wheat is rather lower than last week, only 2s lOd to 3s per bushel being now obtainable. New Zealand oats firmly maintain last week’s quotations, Is lid to 2s 2d being the ruling prices. Maize shows a slight improvement in value, and is now.quoted at 3s lid to 4s per half hundred weight. Potatoes, nothing doing. Adelaide, Dec. 9.

At Adelaide 3s 6d to 3s 7d per bushel is demanded for old wheat while at outports quotations rule from 3s 5d to 3s 6d per bushel. The first arrivals of new wheat at outports for shipment are quoted at 3s to 3s 2d per bushel. Roller flour ranges from £8 5s to £8 10s per ton.

ENGLISH MARKETS. London, Dec. 8. Wool—Good competition at to-day’s wool auctions, the catalogues submitted comprising some 14,500 bales. There have been 149,000 bales catalogued since the commencement of the present series, of which number 10,500 have been withdrawn. Dec. 9. The total quantity of wheat and flour afloat for the United Kingdom is 1.540.000 quarters, and for the continent 231,000 quarters. Dee. 10. Tho wheat market is unchanged, but holders are firm, and buyers reserved. Good Australian shipments have been sold at 85s, Two cargoes of old November shipments sold at from 34s 3d to 34s 6d. For January shipments 34s 6d is paid. New Zealand consignments average 345. The flour market is dull, The November-December series of wool auctions closed to-day with a good demand for most descriptions, characterised by much firmness. The total quantity sold during the series, including that forwarded direct to the manufacturing districts, amounts to 160.000 bales, 11,000 have been held over for next sales. Greasy wools generally close at about the same

rates as last sales, but Port Philip and Sydney greasy show an advance of -|d. Scoured wools ruled id higher, while crossbreds close on a par with previous sales.