COMMERCIAL.

Temuka Leader, Issue 2750, 13 December 1894, Page 4

COMMERCIAL.

TIMARU WOOL SALES. The first of the series , of wool sales opened on Tuesday in the Assembly Rooms, the advertised time of 11 o’clock not being adhered to, consequent on the buyers not being able to get round the various lots for valuation, owing to the large number catalogued. The total number of balds was 7028, made up as follows : Bales. Canterbury Farmers’ Co-operative , Association, Ltd 2803 Guinness & LeCren ' ... _ ... 1680 N.Z. Loan & Mercantile Agency "Company, Ltd. ....... 1590 National Mortgage & Agency Company, Ltd. ... ... ... 673 Miles & Co., Ltd ... 282 Total ... 7028 MONETARY AND COMMERCIAL. Londoß, December 9. Tallow, medium mutton, 23s 6d; beef, 225. . The English wheat market has an upward tendency. The Continental is dull, and the American is advancing. . Three mouths’ bills are discounted at | per cent. Colonial stocks generally have declined I;per cent., The butter market is in a state of unrest. Choicest Danish is selling at 104 s to Ills; choicest Australian, 104 s to 108 s; second quality is quoted at 76s to 90s but is difficult of sale. The imports of .butter for November amount to 1600 tons above the returns for the corresponding mouth of the previous year. The total increase in the imports of, ,butter , for, the. eleven months of the current year reaches 11,000 tons. New Zealaud butter, , which is now arriving, has been frozen with great success. Mr Gavin Scott has seen the representatives of the chief railway companies and corporations in Great Britain, where he considers there are good prospects for the Australian timber trade. He has already secured a number of orders.. A shareholder and, depositor in the Bank of New Zealand writes to the Times stating that he is advised that the call just made by the directors is illegal, and cannot be enforced either in England or the colonies. If resisted he urges the formation of a committee to watch the interests of shareholders. The Hauraki Goldminiug Company of New Zealand, with a capital of £40,000, has been registered. The new company is to acquire a portion of the Kapauga Company’s lands in tho Thames district. December 11. The London market is taking up some part of Rothschild’s fifteen and a-half million sterling Russian loan for conversion and railway purposes. St. Petersburg society is much gratified at this evidence of a desire to show a friendly feeling on the part of English financiers. Colonial stocks are recovering and showing l^ r W.k business. The Financial News says that it is useless for the Bank of New Zealand shareholders to attempt to resist the call. Sj, Johns, December 10. There is a financial papip in Newfoundland. The Union, Commercial, and Government Savings Banks, besides many business firms, have suspended payment within the last few days, December 11. Business throughout Newfoundland is paralysed in consequence of the financial panic, and bank notes are being refused as tender for payment, Sydney, December 10. Another teat shipment of 42 live cattle was sept Home via [Suez last