COMMERCIAL.

Temuka Leader, Issue 2746, 4 December 1894, Page 4

COMMERCIAL.

TIMARU HORSE MARKET. The Canterbury Farmers’ Co-Operative Association, Limited (per Mr J. Mundell, auctioneer), report on the horse mallet at Tattersall’s on Saturday, as follows ; Our entry comprised 17 head, principally light harness and hackneys. For this class of horse the demand has not improved since our last report. The supply of draught stock h short with an increasing demand. Our quotations are ’.—Draughts, young with trial, £l6 to £l7 ; do aged and light, £ll 10s to £l3 10s; light harness sorts, £9 to £lO. We sold the stallion Dan Guy, by Guy Faux—Beeswing, with his book for the season, for £3O. MONETARY AND COMMERCIAL. London, November 29. The Pakeha, from the Bluff, arrived on Tuesday evening, with her meat in good condition. At the wool sales a good catalogue was offered, and there was a decided improvement in the bidding, buyers from the Continent bidding more freely. ; The Standard doubts whether the proposed shipment of vegetables from Victoria will be a success. Asparagus, it says, perhaps might pay if it would bear freezing, but peas and beans would have a poor look out. The Bank of New Zealand Estates Company are about to repay £760,000 worth of debentures. Truth, commenting on the reconstruction of the West Australian Land Company, thinks it intolerable that the Government of that colony should so impudently play fast and loose with British investors. Mr Charles Bergs, who represents a leading meat firm in Liverpool, is about to sail for Sydney and Brisbane to purchase cattle direct for shipping Home. He has a credit to the extent of £40,000. November 30. The annual balance-sheet ■ of the Peninsular and Oriental Company shows a net surplus of £182,000, of which it was decided to carry forward £82,000. The report states that the earnings from passenger traffic with Australia have. been considerably decreased. Consols, 103 J. Three months’ bills are discounted at 1 per cent.. The market is firm. ' New: Zealand 4 per cent, inscribed , stock, 107 i; 3£ per cent, ditto, 102^. , New Zealand frozen mutton, first quality, ( 3jd per S>; second quality, l|d. Lamb, first quality, 4jfd. The New Zealand hemp market is ' and there is a poor demand. New Zealand long-berried wheat, ex warehouse, is quiet, at 24s 6d. South Aus- ! tralian wheat, ex warehouse, steady at 235, The South Australian wheat cargo, ex the Ben more, sold at 24s 3d. Ten to twelve thousand quarters of South Australian wheat to be shipped in December and January have been sold at 24s 6d. Victorian wheat, ex warehouse, is steady at 24s fid. Silver, 2s 4-7/16d per ounce. At the wool sales there was a good catalogue, and the bidding had a hardening tendency. In expectation of large withdrawals buyers show an increased demand, and for good sorts bidding was spirited at £d to £d above the opening rates. At the wool sales to-day there was a poor selection on the catalogue, but bidding continued spirited and prices were well maintained. December 2. At Saturday’s wool sales a better cats* logue was presented. The French and Americans are buying freely. Good wools are dearer than at opening rates. Victorian stocks have fallen 1 per cent, owing to reports of a deficit, Adelaide, November 30. The first trial shipment of live sheep was.shipped to London to-day. Sydney, December 2. It is rumoured that the Government will raise their £250,000 loan locally for the nurpose of carrying out certain public —hioh when undertaken will, it is works, „ ■ outlet for the unem--1 expected, afford an " ”*-*• a Bill ployed. It is understood m... authorising the loan will be passed before Christmas. The Canterbury Farmers’ Co-operative Association, Limited, have received the following cable from their Loudon office, dated 30th Nov :—“ The wool market is stronger with an upward tendency, and there is a better demand. An Australian wheat cargo sold at 255, ci.f., market stronger.”