AUCTIONEERS' REPORT.

Temuka Leader, Issue 2740, 20 November 1894, Page 4

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 27 head. The. competition was good for useful farm horoes, and the supply short of the demand. We quote prices realised as under:—Draught mares and geldings, '£lß to £2O; do do light and aged, £ll to £l310s; light harness sorts, £lllos to £l2; hackneys, £7 10s to £8 15s; weeds and scrubbers, £2 10s to £5.

TIMARU MARKETS. The Canterbury Farmers' Co-operative Association, Limited, report as follows for fortnight ending Friday, November 16th, 1894: There has been a steady demand for wheat during the past fortnight, as stocks seem to be getting low. Prime velvet is much enquired for, but owners are still holding back for better prices. Under these circumstances a fair business has been done at the prices below, viz.:— Wheat—Prime velvet, 2s 6d to 2s 6d ; inferior, 2s 3d; prime tuscan, 2s 3d to 2s 4d; red chaff, 2s 2d, ex Btore; fowl wheat, 2s 3d, f.o.b Oats—Prime milling, Is 5d to Is 6d on trucks, Timaru; feed (dauish), Is 3d to Is 3£d ; short feed, Is 4d to Is 4Jd; duns, Is 7d ; tartars, Is 5d to Is 7d, all f.o.b. MONETARY AND COMMERCIAL London, November 15. Justice Williams has stayed proceedings against the old directors of the New Zealand Loan and Mercantile Agency Company on the grounds that the new company would be commercially injured, justice Williams in giving his decision in the Loan and Mercantile case said that it would be proved in the long run whether it was preferable to suppress the truth and prevent further disclosures. Right never did harm even in commercial affairs. He hoped that the decision would not injure anybody. He was satisfied that the old company did not desire to shield their directors, and he stopped the action solely in the new company's interests. It was most reluctautly he did this, for it waß unfortunate and regrettable from every point of view that the charges remain unsettled- The new company consented to the pay posts, November 10. The Financial News says that Justice Williams' judgment in the Loan and Mercantile case was sound. He had personally forced on the action against the directors, and now admits that he was wrong. November 17. Three months' bills are discounted at J per cent. New Zealand 4 per cent inscribed stock, 107 ; 3£ per cent do, 1012New Zealand long-berried wheat, ex warphouee, is griper at 24s Gd. South Australian wheat, e* warehouse, is also firmer at 255. Victorian ditto, stpady at 24s Gd. New Zealand frozen mutton, first quality, 4id per lb; second quality, 2Jd; lamb, first quality, sd. New Zealand hemp is flat; common sorts brought £l4 10s. 3GOO packages of kauri gum were offered aud 2600 sold at an average Blight advance. Three-quarter scraped brought £3 15s; half-ecraded, £2 3s. The stock on hand is 3000 packages. Silver, 2s 4|d per oz. Owi"g to the deprcssiou on the Coutfuput no business was done at the Bradford wool sales, at which prices were uomiuaj. A 5 per cent decline is ejjppotpd &( the London Bales. Novembor 18, Owing to the adverse criticism of the Australian Press the butter committee have not fixed the price for this week. The members allege that they have b< en uufairly treated, and it is understood that they have virtually agreed to disband.

The Canterbury Farmers' Co-operative Association b.ayp repeived the follpwjug from thoir Londou osce : " Australian cargoes of vyheat pan bo sold to arrive at 255. The market is raised by advices from America."