COMMERCIAL.

Temuka Leader, Issue 2560, 26 September 1893, Page 3

COMMERCIAL.

AUCTIONEERS' REPORT.

The Canterbury Farmers' Co-operative Association, Limited (per Mr J. Mundell, auctioneer), report on the horse market at Tattersall's on Saturday as follows : The day was fine and the attendance of buyers and others interested was the largest we have seen in Timaru. Bidding was spirited throughout the sale, resulting in a moat satisfactory clearance of our entry, with the exception of a few weedy sorts, for which there is simply no demand. We offered 41 head, and quote prices realised during the sale as follows : —Draughts (young, sound, and staunch), £l9 10s, £2l, to £22; do, light and aged, £9 10d, £ll, to £l2 10s ; light harness Borts, iil4 to £lB ss; hackneys, £9 to £9 15s. SPECIAL SALE OF STALLIONS.

On account of Mr H. Roth well, Timaru, the thoroughbred stallion Albury, 5 years, by Maater Agnes —Bijou, was sold at 155 guineas; the thoroughbred colt Landsman, 2 years, by Borderman—Bijou, was passed in at 85 guineas, and the Clydesdale colt General Gordon, 3 years, by Sir Arthur Gordon —Dina, sold|privately at 107 J ga On account of Mr Morgan O'Brien, (Jamaru, the Clydesdale colt Rob Roy, 3 years, by Ben Lomond—Fanny, by Lord Salisbury, sold privately at 114 guineas. On account of Mr H. Devine, Wash'iyke, the thoroughbred colt Dan Guy, 4 years, by Guy Faux—Beeswiug, was passed in at 57 guineas. TIMARU MARKETS. The Canterbury Farmers' Association, Limited, report as follows for the week ending Friday, September 22nd, 1893 : Wheat—Business is extremely quiet, and comparatively nothing doing, The Home market has shown an improving tendency; although small, such may be taken as an indication that prices have seen their lowest. Velvet, 2s 6jd to 2s 7sd; tuscan, 2s sjd to 2a Qbd: red chaff, 2s 4d to 2s fowl_ whea " t ; ' 2fl ld to 2s 2d; on truck? Timaru. Oats—With the markets at Auckland and Sydney swamped from Southland, the export demand is at a standstill, also the plentiful supply of green feed is reducing local demands to a nominal quantity. Canadians, 2s ; danish, Is 9d to Is lid ; short feed, is lid, f.o.b. Potatoes continue in a sluggish state, and no buyers excepting for actual orders. 65s to 70s country stations, nominal. DUNEDIN STOCK MARKETS. At the Burnside Market on Wednesday the following business was transacted : Fat Cattle—Only 123 head yarded, and a very excited sale took place, and the prices, weight and quality taken into account, were the highest that have been obtained at Burnside for many years. Values paid were equivalent to very nearly 30s per 1001 b for anything like good quality beef. Prime bullocks, medium weights, brought from £lO 10s to £l2 7s 6d ; medium quality bullocks, from £7 to £lO ; half fat do,' £5 10s to £6 16s; prime cows, from £8 to £10; ordinary do, from £6 to £7 15s, aged and inferior, £4 to £5 10s.

Fat Sheep also were in short supply, only 1052 being penned, all of them being crossbreds. An all-round advance of about Is per head in values took place. Prime crossbred wethers (extra heavy weights) brought from 20s to 22s ; prime do do, ordinary weights, from 18s to 19s 6d; medium crossbred wethers, from 16s to 17s 6d ; light do do, from 14s to 15s 6d; purebred Leicester ewes (very heavy weihts, one pen), 23s ; prime crossbred ewes, from 1,7 s 6d to 19s 6d; ordinary do do, from 163 to 17s ; light do do, from 13s to 15s.

Pigs—Good values were obtained. Slips brought from 14s to 18s, and suckers from 8s to lis.

Store Cattle—Transactions in this class of stock are not numerous.

Store Sheep—There is a quiet trade being done in crossbred hoggets, chieily by private can tract, and at prices ranging from 9s to lis 6d aocording, to breed and condition, MONETARY AND COMMERCIAL. , London, September 20. The Financial Times comments favorably on a rumour that it is intended to amalgamate the Bank of Victoria, the National Bank of Australasia, the City of Melbourne Bank, and the Colonial Bank of Australia.

The number of bales of wo.ol arrived up to date is 214,0j0Q. The total available | for the sales is 216,G00 bales. September- 21. ' The Rinuitf&a'a WW® sold a+- *" lOQoj \ c-us to The bank - ' rate of discount is 3| per

The reconstruction scheme for the New Zealand Loan and Mercantile is making slow progress. It is now stated that the details which have been published are inaccurate. September 22. The rumour respecting the issue of New Soutli Wales Treasury Bil!s now takes the shape of a £2,000,000 issue at 5 per cent, with two years' currency. It was at first intended to issue £1,300,000 in the hopes of forestalling Victoria, but the amount has been increased and the issue delayed. The Victorian conversion loan will probably be put on the markel noxt week strictly in the terms of the Act empowering it. The minimum will be about 93. The loan is considered to have a fair prospect of success. Now Zealand 4 per cont. inscribed stock,

. Frozen mutton, first quality, 3|d per ilb; secon.l quality, 3£d; lamb, first I quality, 3£d. . I New Zealand hemp is steady. Fair to | medium quality, £l9. The wool market is steady, with prices unchanged. New Zealand long-berried wheat, ex warehouse, is firmer at 295. South Australian wheat, ex warehouse, is firmer at 30s 6d; Victorian do, 30s. September 23. A Victorian 4 per cent, conversion loan of £2,107,000 is advertised for Monday at a minimum of 96, repayable on January Ist, 1926. The various terms at which interest is payable are fully set out, but the high price demanded by the colonial Government has surprised city financiers. Melbourne, September 22. The Colonial Treasurer denies that the Government favor the loan proposals as mentioned by the Financial Times, and states that it is unlikely that the terms of dealers and brokers will be accepted. In the House of Assembly the sugar duties proposed by the Government were carried by 43 to 33. Washington, Sept. 21.

The Lombard Investment Company has been placed in the hands of a receiver. The liabilities in England amount to £8,000,000.

The Canterbury Farmers' Co-operative Association have received the following cablegram from their London office, dated 19th iust:—" Australian wheat carges September-October shipment are worth 30s 3d, ci.f., per qr. of 4801 b. WoolThere is a brisk demand for wool ; price unaltered."