COMMERCIAL.

Temuka Leader, Issue 2734, 6 November 1894, Page 4

COMMERCIAL.

MONETARY AND 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 : We held a sale of exhibited and other stock on Thursday ; our entry comprised 57 head. The attendance was good and competition keen throughout the sale. A large proportion of the stock offered was sold at the following quotations ;—On acgoqut of Mr Robert Davie, a Clydesdale entire colt, -2 years ojd, 13 guineas; on account of Mr George Rhodes, a trotting stallion by Berlin —Grannie, 20 guineas ; on scoouut Mr John Tahan, a Clydesdale entire colt by Craigievar Rose, 19£ guineas; on account Mr Andrew Martin, the pony stallion Taipo, by Highland Laddie—Dora, passed at 35 guineas; on account Mr Moffit, a 2rypaf : old Berlin colt passed at 14 guineas. Dog-cart horses sold at £l2 10s, £l3, £l4 10s, to £1.6 ; hunters and weight-carriers, £l7, £lB 10s, to £2O. On Saturday our entry consisted of 37 bead of aU classes. This sale was dull tbroughoqt. A large proportion of the entry was turned out unsold, owing to the absence of some of our principal buyers. A few plough horses were sold at £lllos, £l3 ss, to £l4. We have enquiries for a few really good dog-cart horses, and could place them to advantage if sent forward for sale.

CHRISTCHURCH STOCK MARKET,

-4t the Addington Yards on Wednesday in spite nejt week being oarujyal weeji, the entries were not much larger than usual. There was a good attendance, and business in most classes exhibited a healthy tone. Fat Cattle—lßs head of fat cattle came forward. There was a fair demand for good quality handy weights, which sold up to 25s per 100&. Heavy-weight cowsaud inferior sorts were slightly easier in price. Steers brought £6 12s Gd to £9 10s, heifers £5 2s Gd to £9 2s 6d, cows £5 to £9 10s. Dairy Cattle—About 70 dairy cows were yarded. There was good competition for young springers and useful sorts. Springers brought £4 12s Gd to £lO, dry coyvs £2 to £o, Store Cattle—The entry of 120 head of store pattle was a mixed one. The sale exhibited more life than has been the case of late, but prices were unaltered. Fat Sheep crossbreds, were entered. Fully half the entry were shorn sheep. About last week’s quotations ruled, wooly sheep being rather more to quit than shorn crossbred. Prime heavy weights brought 18a to 19s sd, shorn crossbred wethers 10s to 14s Gd, ewes 10s to 13s, freezing quality 16s to 17s Gd, secondary sorts 12s to 15a, best crossbred ewes 13s to 18s, secondary 9s to 12s Gd ; best meriuo wethers 12s to IGsGd; secondary Js to 10s Gd, merino ewes 8s lOd to 11s. Fat Lambs—-850 of good to prime fat lambs were penned, and sold at from 10s to 1?* ”d. Store Sheep—There was a fair entry of store sheep. Crossbred ewes and lambs brought up to 17s, crossbred hoggets 9s 4d to 11s lid, shorn 2-tootbs 10a. Pigs—The entry of 115 was made up of porkers and light baconcr;-, the latter being chiefly of medium quality. The demand was fairly good, but prices wore uneven, ranging from 2sd to 3id per lb, the bulkfetching from 3£d to 3Jd per lb.

DUNED IX PRODUCE MARKET. The following is the report for the week ending Wednesday ; Wlic it -- i rime velvet, 2s IGd to 2s lid 5 other v,.rieiies, 2s 8d to 2s lUd. Chick foist, good whole is scarce and wanted at from 2-; 11 to 2.i (5 '. The demand is n.d very active. Oats —Prime milling and plump feed. Is 5d ; ordinary feed, Is Id to Is 5J ; seed varieties, Is 7d to Is Ukl—not, sacks extra. 1b..1ey —Prime malting, Us (Id to 8s 8d; penning, 2s ltd 1.0 8c ; feed, from 2s to 2s 8(1: seed variid'es from U«s Ud to -h (hi. Hops--Demand small, yd to 10d. Pearl barley—.ED,'. 0 :Pmeal—£B 10s. Flour- —Roller, £7 ns ; stone, £1! 10s. Bran — X'2 sa. £•> 10a.

Potatoes—A few trucks of prime quality wanted, £llos to £llss.

Chaff—The demand is good for best quality at £2 15s; ordinary, 36s to 465. Onions—£l7 to £lB, Linseed—£l2. Pigs—Prime bacon sizes, 3Jd. Salt Butter—6d to 6£d; fresh, fair supply. Bacon—Rolls, 6d to 6£d; hams, Bd. Cheese—Factory, 4|d to sd; Akaroa, 4dto4*d. Honey—Prime extracted, 4d to 4Jd ; other quality, 3jd. Ryegrass—Machine-dressed, 3s 9d to 4s 3d ; farmers’ lots, 2s 3d to 2s 9d. Cocksfoot—4d to 7|d; light cocksfoot for surface sowing, 5s per sack.

Sheepskins—At the weekly sale on Tuesday prices all round were quite on a par with those ruling on the previous Tuesday. Heavy green skins, both crossbred and merino, were in good demand, and- brought full rates. Country dry crossbreds, inferior to medium, brought Is 5d to 2s 3d; do do merino, Is 4d‘ to Is 9d; medium to good crossbreds, 2s 4d to 4s; extra heavy, 4s 3d to 5s 9d; good to best merinos, Is lOd to 3s; extra heavy, 3s 3d to 4s 3d; dry pelts, 2d to Is Id; best green crossbreds, 6s 3d to 5s 7d — extra heavy and picked, 5s 9d to 6s; medium to good, 4s fid to 5s 2d; green merinos, 2s 9d to 3s 9d. Hides—The market shows no change; prices remain steady at about equal to those lately current say, .. for heavy weights (601 b and over), 2£d to 3d; medium, l£d to 2d; light, Id to IJd per fl>. Tallow and Fat—A good local demand is experienced, and all coming forward is readily placed at the parity of London rates. Best rendered mutton, 18s 6d to 20s; medium to good, 15s 6d to 17s 6d; inferior to medium, 12s 6d to 15s; best rough fat, 12s 9d to 13s; medium to good 11s 6d to 12s 6d ; inferior to medium, 10s to lls per cwt (ex store). AUSTRALIAN MARKETS. Sydney, October 31. Wheat, chick, 2s 6d to 2s 7d ; milling, 2s 9d. Flour, best roller-made, nominally, £7 to £7 ss. Oats, dull, prime feeding, 2s Id. Maize, prime, Is lOd. Barley, Cape, nominally, 2s 6d to 2s Bd. Bran, 7d; i pollard, 6jd. Peas, Prussian blue, 4s. Potatoes, locally grown, up to £1 15s; Circular Head, to £1 10s ; new Clarance River, £3 10s. Onions, £l2 15s to £l3. Butter, dairy-made, 7d to 8d ; factory - made, to 9d. Cheese, prime, 4£d. Bacon, prime, sd. At the half-yearly meeting of the Bank of New South Wales the balance-sheet showed the net profit to be £78,600, which together with the undivided amount last year, gives £100,251 for division this year. The directors recommend a dividend of 9 per cent., and carry forward £21,700. The paid up capital has been increased to £1,786,000 and reserve fund by £25,800. The chairman stated that the slightly reduced dividend was due to the large amount of coin and low interest bearing but liquid assets in the form of British Government securities on hand at the present time. These in turn were due to the board deeming it desirable in these depressed times to allow the reserve to accumulate beyond the apparent necessities of the case. November 1, At the wool sales the market is weaker for inferior sorts. Bright lambs’ wool is in strong request for the United States. November 2. At a meeting of the Banks’ Institute, Mr McMillan, ex-Treasurer, read a paper on banking institutions, in which he strongly favored the establishment of a - central reserve to answer the purpose served by the Bank of England in Great Britain. At the present time he alleged many of the banks were holding large reserves and the carrying out of some such scheme as-he suggested would relieve stringency. There was a strong feeling amongst those present in fayor of Mr McMillan’s scheme. November 3. Mr McMillan urged that the banks required union for consultative purposes. To make that union strong and impregnable three elements must be represented the Government, the official element of the bank, and the broader elements represented by the chairmen of boards. October §l. Wheat. 2s. Oats, stout, Is 9ld. MaL;O, la lid. " Potatoes, £1 5s to £ll2s fid. Apjp,4ipß, October 31Wheat, 2s o*d. Flour, roller-made, £5 7s 6d to £5 10s. Bran, to 6jd ; pollard, 6£d to 6Jd. Hobart, November 1. The sawmillera voluntarily surrendered the offer by the Government to assist in the export of timber, stating that they were able to finance for themselves. The Government will, therefore, assist fruit and butter exportations,

London, October 31. Mr Paterson, of the Fresh Food and Ice Company of Sydney, declares that there is an expansive and regular market for butter in Glasgow, that 95s is obtainable for the best factory-made, and the first consignment should arrive in December and continue the entire year. November 1. The American visible wheat supply is estimated at 105,800,000 bushels. Choicest Danish butter is quoted at llGs. The bulk of it is selling at 100 s to 100 s. Syndicates are urging the Queensland Government to undertake the surveys of land grants for railway construction, and to guarantee a email sum until the railways return reasonable interest on the cost of construction. The Glasgow Corporation have decided to erect cold storage capable of holding 25,000 carcases, and Mr Black, the Queensland representative, recommends that the building be fitted with Nelson’s thawing process. November 2. New South Wales 4 per cent, inscribed stock, 109 J, 3i do, 101; Victorian 4 per cent. 103, 3£ do, 97 J ; South Australian 4 per cent. 10(5, 3J 100 J ; Queensland 4 percent. 106 i, 31 971 | Tasmanian 3-i, 99? ; Western Australia, 4 per cent. 1)1 j New Zealand 4 per cent. 106; 31, 101 New Zealand long berried wheat, ox warehouse, 24-, firm, business improving ; South Australian do, 24s Gd, quiet; Victorian do, 24 s. A .cargo of South Australian wheat by the barque Federation was sold at 23m 4 id. Frozen mutton, first quality, 4vd; second quality, Lamb; first quality, sd. Trade is very bad, The hemp market is dull. Seventeen head of cattle and 42 sheep, by the steamer Fort Fine, realised £3OB, after deducting market charges. The tone of the Bradford wool market is more cheerful.