COMMERCIAL.

New Zealand Times, Volume LVII, Issue 2402, 7 January 1895, Page 2

COMMERCIAL.

New Zealand Times Office, Saturday evening. A. O. Taine and Co. report of their Saturday’s horso sale; —Wo had a fair entry of horses in our yards, mostly light hacks and harness horses, but nothing 1 calling for very special mention. Wo offered on behalf of a Wuirarapa client a pair of nice ponies, but the offer for them not coming up to owner’s ideas of their value they were bought in. A nice young trotting mare shared the same fate for want of appreciation. The bidding generally was rather lanqnid, except for anything like good express horses, which always command attention. Wo effected a fair number of sales, and sold useful, aged medium draught gelding for M l2; light harness horses at j 65, £0 and X 7 10a, and hacks at late quotations. Really good harness horses, with any pretensions to stylo, are in gopd demand, express horses also. Good heavy young draughts are in this market at the present time almost unobtainable. We have a draft coming from the country shortly, which will no douht fill the demand for a time. Townsend and Paul’s weekly report of the horse market:—At our Central Saleyards an Saturday the entry was not particularly attractive, no fresh country or imported horses being present. The attendance was fair, but the absence of buyers apparent. No heavy draughts wore offered, and the harness otamps wore very indifferent. The fine upstanding bay trotter Milo, . a fast mover, was passed in at .£l7, and a capable brown mare that took her jump splendidly did not reach the owner's reserve. Light harness horses and hacks wore disposed of at from £3 10s to i£7 15s, some seven or eight finding fresh owners. During the week wo disposed of the balance of the Talune’s consignment, 20 head, mostly unbroken fillies suitable for all kinds of medium draught work at prices satisfactory to vendors. Wo have advice of ft lino of fresh young draught horses to come along from South. Those may reach us daring the ensuing week, as also some wellbred cows to calve in February. Of vehicles we sold a spring cart at *6O, and a double* seated buggy, XIQ ; saddles, 40s to 50s. Edwards and Mcßeatii report that the market has revived somewhat since Christ- . mas. # The New Zealand Loan and Mercantile Agency Company (Ltd.) has received the following telegram, dated 4tl», from its London office :—Frozen meats —The mutton ■ market has an upward tendency. Canterbury and Wellington mutton are worth 4d and 3|a per lb respectively. Tallow—There is little demand, and there has been a decline of 3d per owb since last report. Butter —The market is Hinn; Fine qualities New Zealand are worth 96a to 100 a par cwb. By Telegraph.—Press Association. — Copyright. London, January 4. The Bank of England returns, published to-day, show the total reserve in notes and bullion to bo £23,972,000, the proportion of reserve to liabilities being 53*34. Consols, 104. Three months’ bills are discounted at g per cent. Now South Wales 4 per cent, inscribed stock, 1084 ; 34 do, 1001, Victorian 4 per cents., 102; 34, 93. South Australian 4 per cents., 1024; 34,1004. Queensland 4 per cents., 100; 3}, 974. Tasmanian 34 per cents., 99. Western Australian 4 per cents., IXI. New Zealand 4 per cents., 100.1; 34, 1004Now Zealand long-berried wheat, ex warehouse, 25s 9d; firm. South Australian do, 25s (id ; firm, Victorian do, 25s ; steady. Hemp is unchanged. Sugar—Best German beet, 8s 9d ; Java, 11s 9d, quiet. No. 1 best Scotch pig iron, f.o.b. in Clyde, 41s Gd, fiat.' The principal importations of wool in 1894 were :—Balgety and Co., 111,000 bales; Australian Mortgage, Land and Finance Co., 100.000 bales; Sanderson, Murray and Co., 84.000 bales; and New Zealand Loan and Mercantile Agency Company, 73,000 bales. Melbourne, January 5. The Age believes that Victoria will, treble her meat export during the year. Buenos Ayres, January 6. The damage to the Argentine wheat crop is more serious than was expected. The quantity available for export will pro bftbly not exceed 44 million quarters.