COMMERCIAL.

Temuka Leader, Issue 2590, 5 December 1893, Page 4

COMMERCIAL.

AUCTIONEERS’ REPORT,

The Canterbury Farmers’ Co-operative Association, Limited (per Mr J, Mundell, auctioneer), report ou til© horse market at Tattersall’s ou Saturday as follows; — Our entry comprised 27 head, and all young sound stock (draught and light) sold at prices satisfactory to vendors. The presence of a southern buyer assisted in making business lively throughout the sale. He purchased two trucks of horses, aI ;*l w© hope to have him present at the sale ueTt 'Saturday. We quote prices ruling as folio"** Draughts, young and sound, £l6 10s to do figed and light, £lO to £l2 15s ; light harass, £ll lOgto £l3; hackneys, £7 10s to £9 15*.

Associated with Messrs Guinness & LeCreu we held a sale of surplus stock at Makikihi yards on Friday, on account of Mr W. Quinn. The attendance of buyers was good and competition keen, a satisfactory sale being the result. Land—By order of the Public Trustee, in the estate of John Henry (a lunatic), we sold at TattereaU’s rpems on Saturday,

a farm of 43 acres, close to the township of Pleasant Point, Mr Kerslake being the purchaser at £8 per acre. Store Sheep—We would remind farmers and graziers who may require to purchase stores, that now is the time to fill up their requirements off the shears, as all young sheep will, beyond a doubt, go up in price in the near future. 1 -

Store Cattle—There is a strong demand for all classes, especially forward sorts, either steers or heifers.

TIMARU MARKETS. The Canterbury Farmers’ Association, Limited, report as follows for the week ending Friday, December Ist, 1893: Wheat—The sale of a cargo of wheat ex Timaru, per Vallejo, at 25s per 4801 b c.i.f. reflects the present state of the Home market, and is very disheartening to holders with the prospect of no other outlook. Fowl wheat continues scarce, and we have orders in hand. Velvet, 2s 6d to 2s 7d ; tuscan, 2s 5d to 2s 6d; red chaff, 2s 4d to 2s 5d ; fowl wheat (whole), 2s 3d to 2s 3Jd; seconds, Is lOd to 2s, on trucks Timaru. Oats—A. fair demand is just sufficient to maintain present rates in the absence of stocks. Milling, 2s l£d to 2s 2£d; feed, 2s to 2s Id; Danish, 2s Id to 2s 2d, f.o.b. Wool—The first sale of the 1893-4 season will be held on Tuesday next, when we expect a catalogue of over 1000 bales. The wet season has hampered shearing operations very largely. At the opening Christchurch sales the highest prices realised were for half bred 9d, crossbred B£d, merino 6|d.

CHRISTCHURCH MARKETS. The auctioneers’ reports on the weekly skin sales are as follows : Mr F. C. Tabart sold 1937 skins, 33 hides, 46 packages fat, at the following prices Best halfbreds, 6s to 5s 9d ; medium do, 4s upwards; best longwools, 4a 6d to 5s 6d; medium do, 3s 9d to 4s 9d ; best merinos, 3s 6d to 4s sd; medium do, 2s 9d to 3s 3d ; lambs, up to 2s; pelts, up to Is ; dry crossbreds, 3s 6d to 5s Id; dry merinos, up to 4s Id; rough fat lb), l|d to 2d. Tone of market —Depressed. The New Zealand Land Association, Limited, sold skins, hides, and fat, at the following prices :—Green crossbred, 3s 9d to 5s 6d ; green merinos, 2s lOd to 4s 2d; lambs, 9d to Is 6d; pelts, 6d to Is Id; dry crossbreds and dry merinos, up to 4slod; rough fat (per lb), tallow (per cwt), 15s 6d to 18s; hides and calfskins, l|d to 4d per lb. Tone of market—Quiet.

MONETARY AND COMMERCIAL. London, December 1. The accounts of the Tyser line for 1892 show a debit balance of £58,000, including £20,000 loss on completed voyages. The New Zealand Mercantile debenture stock yesterday rose 2£. New South Wales 4 per cent, inscribed stock, 104 ; 3£ do. 92; South Australian 4 per cent, do., 102£ ; 3£ do. 93£ ; Queensland 4 per cent, do., 103£; 3£ do., 92; New Zealand 4 per cent, do., 106 ; 3£ do 97 ; Tasmanian 3J do., 921; Western Australian 4 per cents., 104. Three months’ bills are discounted at 2| per cent. New Zealand long-berried wheat, ex warehouse, 29s 3d, market firmer; South Australian wheat, do, 30s; Victorian do, 29s 6d, market restricted. Mutton, first quality, 4£d ; second quality, 3£d ; lambs, first quality, 4Jd. Hemp is unchanged. Kauri gum is in fair demand. Half the quantity offered was sold. Pale hard scraped brought £7 10s ; good threequarter scraped, £4 ss. Danish butter, 130 s. Colonial butter is expected to fall 4s on Saturday, the weather beiog mild and the market dull, Hut xt is hspsd the market will be easier ■ & week, and thm harden up till Christmas ,4atp the market wm be depetiMton the weather.. The butter committee are requesting to be supplied with private advices as to the quantity coming forward/ . At the wool sales competition is fair and prices remain unchanged. Melbourne, Dec. 1.

It has been ascertained that the statement published of the impending collapse of the London butter market was circulated by a ring of English importers and local exporters to frighten producers into accenting buyers’ terms. Muntz, o e of the defendants recently committed for trial in connection with the Mercantile Bank charges, has been declared insolvent with a deficiency of £24,000. One of the alleged causes is the cost of defending the prosecution. Wellington, December 2. At the wool sales yesterday 320 bales were submitted, of which 180 were sold. The attendance of Engliish buyers was greater than usual, and competition was decidedly keen for all the better lots at about last year’s levels, but in medium and inferior qualities there was a considerable improvement on the rates ruling last season.