COMMERCIAL.

Temuka Leader, Issue 2326, 8 March 1892, Page 4

COMMERCIAL.

AUCTIONEERS’ REPORT

Messrs Guinness and LeOren report for the month ended Saturday, sth inst., as follows :

Sheep—Entries at the various fixtures throughout the district have increased considerably, the attendance of buyers being also numerous. Business in this class of stock has been very brisk. The exchanges by auction and privately, especially the latter, have been large. Cattle —The demand for prime beef is good, and prices are inclined to advance. Stores —Well grown steers and heifers in forward condition, suitable for fattening, are in request, ard all lines placed on the market meet with ready sale up to certain figures. TemaJia and Geraldine Yards—All stock forwarded meet with good demand; we sold the following lots : —144 2-tooth halfbred ewes at 12s, 87 crossbred do at 10s 7d, 136 do do at 8s 9d, 268 merino ewes at 3s 7d, 179 do do at 4s Id, 100 merino wethers at 6s Id, 5 head fat heifers at £5 apiece. Washdyke and Newmarket "Sards — Only small entries came forward; we sold 51 fat ewes at lls 6d, and 75 do do at lls, also a few head of mixed cattle. Pleasant Point—Moderate entry of sheep and cattle with spirited demand, resulting in a clearance being effected. We sold 166 2-tooth small halfbreds at 10s 2d, 40 fat prossbred ewes at lls 2d, 116 cull merino ewes and lambs all counted at 4s 2d each, ,3 store cows at £3 2s 6d, 4 fat steers at £5,2 do at £4los snd one dry cow at £2 17s 6d.

Private Sales—Business in sheep and cattle shows a considerable spirit. Wo have sold 8435 sheep, made up of merino ewes and wethers, fat and store half and three-quarterbred lambs, 2-tooth half and three- quarterbrecls, and odd lots, basic es 114 head of cattle, consisting of fat and store steers and heifers and a few mixed yearlings. All the above lines have been placed at very satisfactory prices to vendors. Sheepskins, Hides and Pat—-Our sales privately and by auction comprised about 3500 skins, 60 hides, and sundry bags of fat; best factory pelts 2s to 2s 4d, lambskins 2s 3d to 2s 6d, butchers’ Is 2d to Is lOd, second lOd to Is, country skins according t« condition, etc; hides from IJd to 3id per lb; fat 11s 6d to 12s 6d per cwt. AUSTRALIAN MARKETS. Melbourne, March 5. The Mercantile Bank of Australia has suspended payment, owing to continued withdrawal of deposits. The whole of the securities are intact. The assets will pay 2s 6d in the pound when realised. ENGLISH AND FOREIGN MARKETS. London, March 4. Mr Panmure Gordon states that the Premier of Victoria has cabled that the £1,000,000 raised yesterday will be sufficient for Victoria for the current year. Mr Panmure Gordon is reselling blocks of £25,000 at 100 i. It is rumored that another syndicate is being formed to place a second instalment of £1,000,000. Consols, 95J. Three months’ bills, 2 per cent., the money market being weaker. New Zealand long-berried wheat, 46s ; market flat.

Canterbury mutton, 4Jd. Beef, forequarters, 3fd; hind-quarters, 4jd. New Zealand hemp is flat and prices unchanged. One hundred cases of the Maori’s potatoes realised Is 6d to 3s 6d per cwt.

Butter, factory-made, is scarce; first qualities, 118 s ; second, 112 s. Adelaide wheat, 44s 3d, weaker; Victorian, 435, demand restricted. For Australian wheat on passage, 40s is asked, but buyers only offer 39s 6d. The Manchester loan of £1,500,000 at 3 per cent., at a minimum of 94, has been issued.

The resentment of financiers at the private disposal of colonial bonds is increasing, and they threaten reprisals. March 6.

The Economist considers that the rapid expansion in New Zealand, Queensland, and Victoria, is proof that the check of borrowing has had a salutary effect.

The Canterbury Farmers’ Co-operative Association have received the following cable from their London office, dated 3rd March :—The wheat market is firmer. A cargo has been sold at 40s, c.i.f.