COMMERCIAL.

Temuka Leader, Issue 2432, 1 December 1892, Page 4

COMMERCIAL.

ASHBURTON STOCK MARKETS. About 2000 sheep were yarded at Ashburton on Tuesday. The attendance of buyers was small, and the sale was somewhat slow. Merino ewes (in the wool) brought up to 7s 2d, wethers 9s 4d, ewes (shorn) 5s 6d, ewes and lambs (in the wool) up to 10s Id and 13s Bd. Crossbreds —Fat (shorn) 13s, 13s 3d, and 14s 3d, ewes (in the wool) 10s 3d to 10s lOd. Fat cows—£4 16s and £5, store cows £3 10s, milch cows £5 and £5 15s, store pigs 16s.

MONETARY AND COMMERCIAL,

i London, November 27. * The wool sales continue brisk and the advance is maintained. Con- ’ tinental buyers are taking the bulk, and the Home trade at present is [ quiet. Light shafty greasy has risen i more than earthy sorts. A parcel of [ New South Wales combing brought • 9id. 1 Tallow, mutton, medium, 26s 3d ; ditto, beef, 24s 3d. ' The English wheat market is heavy | and inactive, the Continental is de- , pressed, and the American advancing. Nov. 28. The Daily News asserts that complaints are made of the excessive credit demanded by Australian soft goods firms, and that leading London firms are resolved to cease business with the colonies if more than a month’s credit is asked. The News also states that during the recent financial panic the large banks in Melbourne benefitted by it. The shipment of Victorian mutton by the R.M.S. Massilia is pronounced superior to the New South Wal e article, and will probably bring from 3d to Consignees urge that frozen lamb should be sent Home headless. At the wool sales there is brisk competition for all descriptions. For Riverina wool the bidding was excited. There is good competition by Continental buyers on account of the Home trade being quiet. The prices realised to-day show an increase of per cent, as compared with those ruling on the opening night. Thd wheat market is rather slow,

but the weA closed steadier. The Rothschilds declare that bimetallism in Great Britain is absolutely impossible. Indignation is expressed in many nnarters of ibe city at (lie breach of faith on the part of the New South Wales Government, in trying to raise Treasury bills in London while announcing that they intended to borrow only locally. The bills are now being hawked about the city, and attempts to dispose of them are almost fruitless. The broker* who on Friday desired to take them, now refuse to do so, and it is believed that less than £250,000 worth will be placed in London. The London and Westminster Bank, however, still hopes to be able to place the balance in the course of three or four days. Nov. 29. Mr Leahy states that the four leading manufacturers, who expressed their willingness to supply capital for the construction of iron and steel works at Wallerawang, in New South Wales, have withdrawn from the undertaking, owing to the miners’ strike at Broken Hill, and they are now only willing to supply a plant and two furnaces, capable of producing 800 tons pig-iron per week, upon modified conditions. Mr Leahy is considering the proposal.

Paris, Nov. 28, Baron Rothschild desires to prevent a reduction in the price of silver, which he thinks under present circumstances may fall to 2s od or perhaps Is 7d,

and he has hopes of forming a European league. Brussels, Nov. 28. Holland supports the United States’ proposal before the Monetary Conference. Other delegates are, however, passive, declaring that they are forbidden to introduce any alteration in their monetary systems. Melbourne, Nov. 29. A quantity of Danish butter, which was sent out at the instance of the Government, has arrived in excellent condition. The Canterbury Farmers’ Cooperative Association, Limited, have received the following cablegram from their London office :—.“There is a wellsustained demand for wool, and we have a good opinion of the market. Crossbreds have advanced 5 per cent., and merino to 10 per cent.”