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 42 head of all classes, aud the demand for light harness sorts was good. We sold two-thirda of the entry at prices satisfactory to vendors. Our quotations are as follows : Draughts, young and sound, with trial, £lB 10s to £2O ; do, light and aged, £9, £ll, to £l2 ; light harness sorts, £9 15s, £l2 10s, to £l4 5s ; hackneys, £7 5s to £9 10s.
MONETARY AND COMMERCIAL. London, December 24. Tallow, medium mutton, 27s ; beef, 265. The English wheat market has taken an upward movement. The Continental is active and the American shows a general advance. A January shipment Australian, nev? Qrop,has been sold' atafs^d. At the sales of sheepskins prices have been irregular, with an occasional advance of Jd.
Colonial butter is unchanged, The g\ut in the frozen meat market has been removed, The balance-sheet of the Australian Gold Recovery Company shows losses for the year amounting to £BOOO. Mr C. J. Stewart, the Official Receiver, has issued a statement respecting the position of the Hew Zealand Loan and Mercantile Agency Company, in, whip!} ha intimate thas there, 43. V surplus of £863,000. lie thinks that the issue and conversion of, debenture stock may be deemed desirable. He is making | urther enquiries on the subject. The question of applying for a public examination \a also, being considered. The scheme for the reconstruction of the company, which was agreed tp by the creditors' j is being withheld pending the settlement' of difficulty. Wellington, See. 23.
Information has been received by the officers of the Loan and Mercantile Agency Company that they are to hold themselves in readiness to pay out the balances due to clients on account of consignments. This will mean the distribution of something like £250,000. _ It i 3 also reported that private information has been received that a satisfactory sottjement haa at been arrived at in London,
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Temuka Leader, Issue 2600, 28 December 1893, Page 3
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338COMMERCIAL. Temuka Leader, Issue 2600, 28 December 1893, Page 3
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