AUCTIONEERS’ REPORTS.

Temuka Leader, Issue 2497, 2 May 1893, Page 4

AUCTIONEERS’ REPORTS.

Messrs Guinness & LeCrcn report as follows:—We held our usual qnaaterly sale of horses at the Washdyke yards on Friday, when, considering the state of the weather, there was a good attendance of buyers from all parts. The total number yarded by us was 70 of all classes. These included 30 hacks and light harness horses from Mr John Grigg’s estate, Longbeach, 30 of which found buyers at prices ranging from £lO to £2l, which was considered fairly satisfactory. The general opinion was expressed that the above was a very superior lot of horses, and reflected great credit on the breeder, On account of the Levels estate we submitted a line of 3-year-old draughts, but the demand for these was limited, and only a few were disposed of. We have sold, on account of various owners, draughts at up to £lB, and hacks from £4 to £lO.

The Canterbury Farmers’ Co-operative Association, Limited (per Mr J. Mundell, auctioneer), report on the horse market as follows: —At Tatteraall’s, Timaru, on Saturday, the entry consisted of 52 horses of all classes. There was a large attendance, including two buyers for the Indian market, and competition was good for all young sound horses; in fact, the supply of this class is far short of the demand. We succeeded in disposing of a large propot tion of our entry at the following quotations, viz : Heavy draughts, young and sound, £25 10s, £2O 10s, to £11) 10s ; light draughts and aged &11 10s, £ll to £1) 15s : hackneys £l2 10s, £ll ss, to £lO ; weedy sorts £3 to £5, A buyer for the Indian market will be in attendance at Tattersall’s next Saturday. Those desirous of disposing of horses suitable for this trade should at once take advantage of this opportunity, and send their horses to the yards.

COUNTRY SALES,

The New Zealand Loan and Mercantile Agency Company (Limited), report as follows :

On Tuesday, the 25th instant, at Temuka saleyards we had a very satisfactory sale of cattle on account of Newlands estate. Wo offered 277 head and sold 261. There was a very large attendance of buyers and farmers present, the former from all parts of the province. The lots were keenly competed for, and a good proportion went to Christchurch buyers. We sold as follows:—Bullocks—l2 at £7 15s, 22 at £7 10s, 20 at £7 ss, 11 at £7 2s 6d, 9 at £7, 21 at £6 15s, 11 at £6 12s Gd, 24 at £6 10s, 14 at £6 2s 6d, 16 at £6, 13 at £5, 13 at £3 8s; cows—--1 at £8 7s 6d, 2 at £7 17s 6d, 2 at £6 2s 6d; springers—l at £5 12s 6d, lat £5 7s 6d, and 1 at £4 10s. On Wednesday next, the 3rd of May, at the Newlands estate, in conjunction with Messrs Guinness & LeCreu, we will hold a large and important sale of sheep and cattle. Full particulars will be found in the advertisement in to-day’s paper.

TIMARU MARKETS

The Canterbury Farmers’ Association, Limited report as follows for the week ending Friday, April 28th, 1893 : Wheat The splendid rain lasting throughout the week will prove very benelicial for the country, materially assisting farmers in their autumn work. Future prospects do not show any improvement, and now that local buyers have full supplies a quiet tone prevades the market with quotations a shade easier. We have placed during the week some large parcels. Prime velvet 2s 7d, to 2s 8d do tuscan 2s s|d, to 2s 7d, red chaff 2s 4Jd, to 2s 5Jd, on trucks at Timaru. Oats —Comparatively few are changing hands, and only actual orders are being filled. Canadian 1s 9d to Is lOd, short feed Is 7-id to Is Bjd, Tartars Is 8d to Is 9|d, duns Is 7£dto Is B£d, Danish Is sid to Is 7d, f.o b. Potatoes.— The wet weather has practically stopped digging, and at present there it a fair demand, the mai'ket being slightly bare, and have several orders for large quantities on hand at 42s 6d, sacks included.

MONETARY AND COMMERCIAL

London, April 27. The directors of the London Chartered Bank are preparing a scheme of reconstruction with the assistance of the directors of the English and Scottish Bank.

Mr Perceval states that he has ascertained that colonial cheese imported into England is being injured by defective parrying arrangements. The weekly returns of the Bank of England published to-day show the total reserve to be £16,160,000. The proportion of reserve to liabilities is 45.90. Three months’ bills are discounted at 2i per cent. , Consols, 99£. New Zealand 4 per cent, inscribed stock, 105 ; per cent, ditto, 97. Canterbury mutton, ex Coptic, 4d. New Zealand hemp is flat. Fair quality, £23 10s. At the wool sales prices are firm, excepting for high class greasy, which are weak. There is a strong demand for lambs’ wool.

New Zealand long-berried wheat is steady at 30s. South Australian wheat is quiet at 33s 3d, Victorian is also quiet at 335. The American visible supply of wheat is 96,000,000 bushels. A South Australian wheat cargo sold at 29s 4gd.

Sydney, April 28

The reconstruction scheme of the Australian Joint Stock Bank provides for 143,000 preference shares of £lO to be subscribed by the creditors of the bank i ut of their deposits or by the sbafpjlpjders, who also receive share' paid up to" £1 m t i-fl U cn °f iheir present shared. capital ut t}p iic-\v company is to be £3,000,666. The deposit balances after buying preferential shares, will he paid at the end of five years, with 4J per cent, interest, payable half-yea 1 ly. Ihe holders of current accounts are to bo allowed to operate up to £IOO- All drafts will bo paid iu full. The Giobo assets are to be transfer: p i to a realisation account, any deficiency being paid out of the dividends of the new company. The Bank Bill was introduced in the Legislative Assembly to day. An exciting debate took place on the motion to suspend the Standing Orders to allow the Bill to pass all stages on Tuesday. Eventually tip motion was carried.