COMMERCIAL.

Temuka Leader, Issue 2689, 24 July 1894, Page 4

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 48 head all classes. We were favored with a large attendance of buyers during the Bale; competition was keen for all horses suitable for ordinary farm work, 39 head being sold under the hammer at the following quotations :—Draughts, young with trial, £ls, £ls 10s, £ls 15s, £l6, to £l7; do light and aged sorts, £5 sb, £7 to £9; light harness do, £8 to £11; hackneys, £8 to £9. TIMARU MARKETS. The Canterbury Farmers' Co-operative Association, Limited, report as follows for week ending Friday, July 20th, 1894 : Since our last report good business has been done in wheat and oats, and we have placed a good quantity at full rates. Wheat Ola wheat is still being asked for, but owners still hold for better prices; new wheat is moving slowly; fowl wheat is wanted. Velvet (old crop) 2s 9d, tUßcan 2s 6d, red chaff 2s 4d to 2s sd, velvet (new crop) 2s 5d to 2s 6d, tuscan 2s 3d to 2s 4d, red chaff 2s 2d to 2s 3d, fowl wheat 2s to 2s Id; on trucks. Oats—There is fair demand for good kinds. Canadians, duns, and tartars are enquired for; danish are moving slowly. Prime milling Canadians Is 6d, short feed Is 4d to Is sd, danish Is Id to la 2d; on trucks. Barley—2s 9d to 3s 3d; on trucks. Potatoes—33s to 355, f.0.b., sacks in. MONETARY AND COMMERCIAL. London, July 19. Twenty-five leading financial firms hare subscribed to underwrite the Bank of New Zealand stock. The wool sales are spirited. Germans are buying largely. Baron Schroeder has suggested, with a view to settling the claims against the old Loan and Mercantile directors, that he should transfer his own Land Company's shares to the new company. New Zealand 4 per cent, inscribed stock, 108* ; 3| per cent, ditto, 101 J. New Zealand frozen mutton, first quality, 3jjd per lb ; second quality, 3jd. New Zealand hemp quotations are unchanged. New Zealand long berried wheat, ex warehouse, is also firmer at 25s 6d; Victorian wheat, ex warehouse, is steady at 255. At the wool sales good sorts were firm, but inferior quality was decidedly weaker. The Bradford market has a weakening tendency. July 20. At the wool auctions colonial clips realised a s follows:—Hummocks 7d, ?uketoi 7Jd, Eerabury 7§d, Elderslie Bfd. The New Zealand and River Plate Land Mortgage Company (Ltd.), intend to reconstruct under the title of The Consoli-, dated Land Mortgage Company, with a capital of £1,000,000 in 380,000 preference shares of 10s each, and 180,000 ordinary shares at £4 10a. E. A. Petherick, bookseller in Sydney and Melbourne, has been made bankrupt on the motion of Longmans, publishers. The assets are stated at about £30,000. July 21. Bank of New Zealand stock is quoted at 1021, The requisite amount has been largely over-subscribed. July 22. The press complain that the barbed I Doles used in fastening the coverings of New Zealand frozen meat are permitted to remain in the meat, thus endangering the life of the consumer. Sydney, July 20. The Agricultural Departmeat have re ceived a communication from the Government of Capo Colony with reference to the prospect of trade in butter with that colony, to the effect that the recent shipment of butter to the Cape had been highly appreciated, and that a demand had set in. Melbourne, July 20. Owing to severe shrinkage in the revenue the Melbourne Permanent Building Society finds it impossible to continue to pay the rate of interest promised uuder the reconstruction scheme, and creditors are being asked to accept 'Sh per cent for ♦■• he present. Adelaide, .July 20. r v. •' of the Federal Bank L:irge creditors ltl#t fco prohib it are applying to the further assets of the bank lea\*. _ colony. This action ; s being taken in v ; e\v of the Melbourne liquidator asking for the remittance of £BO,OOO to London and Sydney for the puipose of paying dividends to creditors.