COMMERCIAL.

Temuka Leader, Issue 2596, 19 December 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 : Our entry comprised 32 head, consisting of several draughts of good quality. The market was dull and sales hard to effect. We have an enquiry for young horses suitable for spring-dray work. Clients having stock of this class to dispose of should send them forward as soon as possible. Our quotations are as follows, viz.;—Draughts, young with trial, £2O to £26; do light and aged, no sales; light harness sorts, £ll, £l2los, to £l4; hacks, £8 10s to £9 15s. CHRISTCHURCH WOOL SALES. The secon of the present season’s series of Christchurch wool sales was held on Friday. The entry was large and the attendance of buyers, both local and foreign, was good. Competition was spirited. Compared with last sales merinos were Jd to Id dearer; long wools par to Jd advance; medium to fine crossbred firm without quotable change ; broken were a shade easier.

MONETARY AND COMMERCIAL. London, December 14. The wool sales have closed. Compared with the prices ruling at the previous series, merino combings were firm ; other sorts, par to Jd lower; crossbreds, par to £d dearer. Dec, 15. New Zealand 4 per cent, inscribed stock, 106 ; 3§ do, 95£. New Zealand long-berried wheat, ex warehouse, 29s 3d; South Australian wheat, 30s, market quiet; Victorian do, 29s 6d, market restricted. Frozen meat, first quality, 4d; second quality, 3|d, market depressed. Lamb, first quality, 4f d. The hemp market is quiet. One hundred bales of New Zealand sold at £l7. At the last wool sales Continental buyers took 60 per cent, of the quantity sold, while the American buyers only secured 500 bales. The total amount catalogued was 169,400 bales, of which 154,000 were sold. 22,000 bales were held over.

Danish butter, 1225. Scottish provincial buyers of colonial butter are selling large quantities in London, being unable to place the arfjqle locally. Bad weather greatly impeded the delivery of the Tongariro’s butter. Samuel Alsopp and Sons (Limited), brewers, etc., have declared an interim dividend of 6 per cent.

Paris, Deo. 14.

Thirty thousand vignerons in France declare that the export of wine is decreasing, and demand protection from the State.

Sydney, December 15.

At a conference of dairy farmers the question of butter export was discussed, tsnd it was decided to raise a pro rata levy of £d per pound. Mr Valentine, tfigNew Zealand expert, addressed the conference. He said that New South Wales butter was not as good as it should he. There must be some second to none, but there was no reason why all should not be so.

Bomb, Dec. 16. The Bauca Populaire has been granted a moratorium [delay] for six months. Washington, Deq. J 5.

Senator Voorhegs baa introduced a Bill providing for the coinage of silver to-the extent of 2,000,000 dollars month 1 ' aQ( j afterwards providing for purchase of silver bullion and \ La coinage to a similar extent-.

A Fraudulent Manager.-— No little astonishment has been caused by the of irregularities on the part of Mir Joseph Johnston, Manager of the Melbourne Permanent Building Society. This Society lasted well in face of the financial crisis, but at last had to seek the indulgence of its creditors, and is now in the process qf teoqustruction. Mr Johnston is R leading Wesleyan, and was universally trusted. He is 67 years of age, and Lat present seriously ill. The investigation shows that he advanced himself about £SOOO on unoccupied lands without bringing the transaction under the notice of the directors, and where it was necessary that documents should bear their signatures he affixed those to them. It has been found that Mr Johnston also advanced loans to fictitious persons, and supplied all the necessary signatures in these cases also. Altogether the society will lose about £BOOO. Mr Johnston is so ill that no steps have been taken beyond his suspension from office.

The great east window of Carlisle Cathedral is said to be the finest decorated window in England.