COMMERCIAL.

Temuka Leader, Issue 2609, 18 January 1894, Page 4

COMMERCIAL.

TIMARU WOOL SALES. The second wool sale of the season was held on Tuesday in the Assembly Rooms, before a large attendance of woolgrowers, the room being crowded. A couple of new buyers were in attendance, and competition throughout the day was very keen. Prices obtained were a shade better than those ruling at the first sale. The top price for the day, for halfbred wools, 9|d, was obtained by the Canterbury Farmers’ Co-operative Association, for a line of 27 bales of very light clean wool grown by Messrs Bruce Bros., of Bankfield, St. Andrews. Pieces, rams’ wool, and cotted sold remarkably well, the latter bringing in one case as high as B£d. On the whole it was considered a very satisfactory sale, and in proportion to the size of the catalogues very few lots were passed, and these will be sold privately. The local woollen factory was well to the fore, and purchased largely. Allowing for wools catalogued, but rot offered, the following are the totals for the day:— Bales. Guinness & LeCren 1323 Canterbury Farmers’ Co-operative Association ... ... ... 1267 N.Z. Land Association 769 National Mortgage & Agency Co. and H. B. Webster & Co. ... 399 Miles & Co., Limited 76 Total 3834 Ruling prices for the day were:—Halfbreds, 7d to 9Jd; three-quarterbreds, 6jd to B|d; crossbreds, 6d to B£d ; merino, 4£d to 6Jd ; pieces, 3jd to 6£d ; locks, Ifd to 3jd. DUNEDIN GRAIN AND PRODUCE MARKET. Messrs Donald Reid & Co. report under date 15th January : Prices ruled as follow at our auction sale to-day : Oats ; Prime, Is lid to Is lljd; medium, Is lOd to Is KUd (sacks extra). Wheat: Dull—milling, 2s 8d to 2s 9d; fowl wheat, 2s 6d to 2s 7d (sacks in). Potatoes: Plentiful, and market weaker. Prime kidneys, £3 15s to £4 5s ; inferior, £3 to £3 10s (sacks in). Chaff: In fair supply, and prices easier. Prime oat-sheaf, £4 to £4 7s 6d; inferior, £3 to £3lss (sacks extra). MONETARY AND COMMERCIAL. London, January 14. Tallow —Medium mutton, 27s ; beef, 265. The English wheat market shows a weak tone, without quotable change; the Continental is declining and the American inactive. For Australian wheat on passage, sellers are asking 28s 3d, but buyers will not give more than 27s 9d. The same prices are offered for Australian wheat, new crop, early shipment. For Australian wheat off* coast, sellers are asking 28s fid, but buyers refuse to give more than 28s. The construction scheme for the New Zealand Loan and Mercantile Agency Company is on the lines of the forecast already sent. Baron Schrceder is given the privilege of nominating one director. Mr Geddes proposes that the capital of the Queensland Freezing Company shall be £45,000, half of which, he is can be obtained in London. Jan. 15. The best of the cheese ex Ruapehu from New Zealand was sold at 54a per cwt. The Coptic’s butter has arrived in excellent condition. The London and India Dock Companies intend erecting additional gpol Storey Smithfleld for colonial produce. Jan, 16. Several colonial butter producers’ r id importers’ agents in London are forn 'ng a new combination for the protection of colonial interests. Paris, January 16. The French Committee ef Credits have adopted a Bill for converting 4j per cent, stock into 3J per cent, stock, thereby saving 68,000,000 franca. Adelaide, January 16. The Treasurer has sold the bi lance of the 1890 loan, amounting to £475,000, in London at 91, less £ per cent, commission, Brisbane, January 16. The Sugar Journal states that the total crop of the colony for the year will be 79,000 tons of sugar, against 61,000 last