COMMERCIAL.

Temuka Leader, Issue 2605, 9 January 1894, Page 4

COMMERCIAL.

TIMABU t& ARRETS.

The Canterbury Farmers' Association, Limited, report .is follows for the week ending 'Friday, J.".::u.u'y Hlh, 3891 :

Wheat—Tho recent very wet weather has been very much against tlie growing crops, but it has now clearer], and given fine weather for tho nest month to six the prospects of heavy 3aelds are good, and will bo a slight recompense against low prices. The Home market continues somewhat dull since our last. Fowl wheat is iu fair request. Velvet (nominal), 2s BAd to 2s Girl; tu*can, 2s Gd to 2s Gd ; red chau', 2s 4d to 2s sd.

Oats—Stocks are quite nominal, and the trade passing is only of a retail character. Canadians, 2s Id to 2s 2d; ahort feed (nominal), 2a to 2s Id j Danish 2s 14 to ft 2d; f.o,b,

Potatoes—The growing crop istepofted in North Canterbury to be suffering from dry rot. However, from the appearance of crops in this district everything promises well ao far.

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 29 all classes, and the demand for young sound sorts, either light or heavy draughts, was good, and several buyers were unable to get their wants supplied. Our quotations are as follow : Draughts, young sound, with trial, £2O to £2l ; do light and aged, £7 10s to £9 15s; light harness sorts, £9 15a, £ll ss, to £l4; hackneys, £6 5a to £B.

INVEROARGILL WOOL SALE

The wool sales opened at Inveroargill on Friday, the catalogue offered comprising 7000 bales. Competition was keen, prices all round showing an improvement on last year's. Half breds were aJdto Jd lower; fine crossbreds a£dto f d higher; medium and coarse crossbreds a Jd to £d higher; merino the same as last year, 5d to 7d; pieces and bellies, selling well, bringing a Id over last year.

MONETARY AND COMMERCIAL.

London, January 4,

New Zealand long-berried wheat, ex warehouse, firm, 295; South Australian wheat, ex warehouse, firm, 29s 6d ; Victorian, steady, 29s 3d. The weather is hardening the wheat market. The New Zealand hemp market is unchanged. New Zealand frozen mutton, first quality, 4£d. Danish butter, 124 s per cwt. New Zealand 4 per cent, inscribed stock 107; 3jd097..

The banks consider the scheme of the New Zealand Government to guarantee the mortgage loans to farmers as highly injurious, and beyond the province of a Government. The reconstruction scheme of the New Zealand Loan and Mercantile Agency Company calls up £5 10s per share, payable in a fortnight, but allowing holders of ordinary shares eighteen months, and preference shares two years for payment, with 5 per cent, interest added.

Jan. 5.

Tenders were opened to-day for the Tasat a minimum of 98, when it was found that the sum of £4,261,000 had been tendered. Tenderers at £lol4s get 36 per cent. One syndicate tendered tor £2,450,000 at that price.

the Bank of New Zealand has declared an interim dividend of 5 per cent.

The wool warehousemen have refused to reduce storage rates. Jan. 6.

Tne Times states that the reaction in favor of colonial loans is justified, but that it iB carried quite far enough for the present. The liquidators of the new Oriental Bank estimate that the total dividends will amount to 12s 6d in the £ instead of 15a.

Sydney, Jan. 5,

Frozen meat returns show that the export from the colony for the year was 74,000 carcases below that of the preceding year.

Mbibournb, Jan. 5.

The quantity of butter exported in 1892 amounted to 7,098,0001 b, valued at £355,000. During 1893 there were shipped 13,000,9871 b, valued at £572,000. Brisbane, Jan. 5. The gold returns for the year show a decrease of 15,0000z5.

Dunedin, January 5.

The National Bank is advised of the declaration of a half-yearly dividend at the rate of 5 per cent. Auckland, January 6.

The annual report of the New Zealand Insurance Company, for the year ending 30th November, shows a profit for the year, after providing fir all ascertained losses to date, of £53,864. The directors declare a dividend at the rate of 15 per cent, for the half year. They place to the investment fluctuation account £IO,OOO, to the reduction of the company's freehold £10,900, contribution to city leasehold sinking fund £SOOO, and carry forward to the new account £19,203. A private cablegram from London, received in Auokland to-day from a reliable source, says:—" Reconstruction of Loan and Mercantile Company of New Zealand certain, will be arranged immediately. A call of £5 10s per share wiJl be made, spread over ten years." WjßfciiNGiOtf, January 6. There are 350 Loan and Mercantile shareholders in New Zealand, holding 52,422 shares, which at £5 10s each, will represent £288,321 to be paid in 18 months. There are only 5796 shares held in Australia.