COMMERCIAL.

Temuka Leader, Issue 2358, 19 May 1892, Page 4

COMMERCIAL.

AUCTIONEERS’ REPORT. J. Mundell & Co. report holding a clearing sale on account of Mr Francis Brown, jun,, of live and dead farm stock, household furniture, A r c., on Monday, 16th, having had to postpone it from Friday, 13th, owing to the heavy rain. The general public, although disappointed on the latter date, turned up again in large numbers, and the day being fine everything passed off successfully. The biddings were brisk and animated on every line offered, and the result was a clearance of every lot at highly satisfactory prices. The following are prices for a few leading lines Half bred ewes, 10s 9d ; three-quarter-bred lambs, 11s 3d; draught horses, £2l, £2O, £l9 10s to £ls ; harness horse, £l6 10s ; foal, £5 15s; cows in profit, £5 15s; heifers, springing, £5, £4, to £3 15s ; three-year-old steers and heifers, £5 5s ; two-year-old do, £4 2s 6d ; yearling do do, £1 15s; pigs, porkers, £1 ss; Whitechapel cart, £24 ; spring dray, £25 10s ; reaper and binder, £l9; d.f. plough, £l2 ; s.f. plough. £1 17s 6d ; grubber, £11; harrows, £3 10s ; trap harness, £7 10s; shaft harness, £3; leading harness, £1 15s to £1 10s. Sundry tools, implements, furniture, &c., sold at equally good prices, which would take too much space to particularise.

ENGLISH AND FOREIGN MARKETS London. May 15, Tallow, medium mutton, 25s 9d; beef, 24s 3d. The English wheat market is weak in tone, and the Continental steady. An Australian cargo of wheat has been sold at 37s 9d, Rabbit skins, inferior quality, show a decline of a half penny. May 16. The American crops are in a backward state, and it is estimated there will be a decrease in the yield in seven of the chief States of 20,000,000 bushels.

The Times says that all the English crops are in a backward state owing to drought, and that the situation is critical.

The Standard says that there is little chance of the wheat yield in England consisting of anything but passable quality. The cablegrams announcing that the Victorian Government are awaiting a chance to float a loan, has created uneasiness on the money market. A large number of leading firms and brokers in the city declare that they are able to place a £2,000,000 loan at per cent at 94. It is believed in the city that it is possible to place £1,000,000 of Victorian Treasury bills on terms similar to those of New South Wales, though both operations will damage colonial stocks. May 17. Persia lias raised a loan in London to pay off the holders of the tobacco monopoly, in preference to accepting aid from .Russia, which was offered a short time ago.