COMMERCIAL.

Temuka Leader, Issue 2357, 17 May 1892, Page 4

COMMERCIAL.

AUCTIONEERS’ REPORT. Messrs Grade, Maclean, and Co. report for the past fortnight, as follows ; Horses—We have had a very good demand for young good draught and Ight horses at values something beyond what has been ruling lately. At the Timaru Horse Bazaar on Saturday, 30th April, there was a very large entry, comprising G 3 head of draught and light horses and ponies, out of which we succeeded in selling 39 head, and we would quote sound young draughts at from £2O to £2B, medium from £l2 to £lB. There were a fair number of light horses, which sold at late quotations. On the 7th inst., owing to the wet weather, very few horses (principally of an inferior class) came forward, most of which changed hands at prices satisfactory to the owners. Sheep—Privately we have placed 815 and 500 halfbred wethers for turnips, at satisfactory prices. Cattle—Fat and store cattle have been in good demand. We have disposed of one mob of 39 steers at £6, 28 heifers at £5 2s Gd, and 1 cow at £7, and we are in treaty for more. Sheepskins—On Wednesday, 4th inst., we held our usual sale of sheepskins, when there was a small entry and the quality indifferent, but anything offered brought full market value, the fellmongers being all short of material owing to the small number of skins available from the refrigerating works for some time past. Laud—On the 26th ult. we offered for sale by public auction the Seaforth farm, the property of Messrs Brown and Mitchell, when competition for the various sections was spirited up to a certain price, which, however, did not reach the owners’ reserves, and we are now negotiating for the sale of them privately. There is a good demand for farms, and at the present time we could place a few handysized farms at fair values. ENGLISH AND FOREIGN MARKETS. London, May 12, The cheapness of money continues; the stock market is animated, and everything is rising. Short loans are at 4 per cent., and three months’ bills at } to 1 per cent. New Zealand 4 per cent, inscribed stock, 105 f; 3i per cent, ditto, 97. New Zealand long-berried wheat is restricted at 38s. Wellington frozen mutton, 4£d. Canterbuxy lamb, Gd. New Zealand beef, fore-quarters, 3Jd per lb. The New Zealand hemp market is ffat. Fair medium quality from Wellington realised £l9 15s per ton. Only a small quantity was disposed of. South Australian wheat is quiet at 395, and Victorian is also quiet at 38s. One expert considers the Victorian brandy the finest put upon the market since Hennessy’s, of 1885. It is not earthy, and will ultimately command a great market. Thirteen thousand five hundred ounces of gold have been recovered in the Randt mines by the Macarthur-Forest process, forming 14 per cent, of the total output at Johannesburg. May 14. The London and Westminster Bank has placed a million of New South Wales 4 per cent. Treasury bills at 100 J. The bills have four years’ currency, payment of interest to commence Ist July. A cargo of Victorian wheat sold at 35s 6d. New Zealand cheese is quoted at 42s to 545. Gisborne harbor stock has risen £2 10s. There is a large demand for May cargoes of Australian wheat owing to the higher dues imposed by the French Government on cereals. The present tone of off coast cargoes is strong. Paris, May 12. Half the Bordeaux vintage has been destroyed by frosts. Ottawa, May 12. The Canadian-Pacific railway has earned £4,000,000 this year. The net profits exceed li per cent. St. Petersburg, May 14. The Russian Government have removed the inhibition on the export of oats and maize.