COMMERCIAL.

Timaru Herald, Volume XCIV, Issue 14450, 24 May 1911, Page 5

COMMERCIAL.

BAN KING IIETCRNS. Press Association—Bv Tel.—Copyright SYDNEY, May 23. The Australasian banking averages for March show that the esoess of deposits over advances has increased from £25,000,000 to £28,500,000. Tfae totai deposits are £164,762,667, Etn inoreo&Q for tho year of £14,744,568. VALUABLE ESTATE SOLD. Per Preaa Association. „ NAPIER, May 23. ' Messrs G. A. Preece and Co., of Palmerston North, report having sold Mr Thomas Tanner's well-known Kndsleigh Estate, containing 2670 acjes, situated _at Haveloclc North, and close to Hastings, to a southern client at the vendor's price. This property is one of the hest stud farms in tho Dominion, and contains some of tile ( richest land in New Zealand. I > . CHRISTCHTJRCH MARKETS.

CHRISTCHORCH, May 23. Tho weaker tono in the London and Australian markets has been reflected locally, and buyers are not very keen to do business except at reduced rates. There is jess business passing between merchants than hst week, and fow farmers are disposed to sell at 3s 3d, which is now the best offer on trucks.' The only line of consequence changing hands during tho last day or two was 100 bushels of Bordier at 3s 2sd at a country station, the quality being barely prime. : There is no change to note in oats, and chaff keeps firm at 80s on trucks. Tho potato market is still quiet, but there are a few buyers at Cos. Offerings are however not very free, as pitting of the crop is now well forward. LONDON MEAT MARKET. CHRISTCHURCH, May 23. The British-New Zealand Meat Co. have received the following cable message from London :—Mutton.—Primo Canterbury, 3gd to 3;] d; North Island, 23d to 3d; lamb, prime Canterbury, 4sd to 43dj North Island, 4d to 4gd. TEMUKA STOCK SALE. - At this sale yesterday there was only a. small entry of fat cattle. Fat cows sold at £'G 17s Cd, steers £G 7s Gd, heifers £5 15s to £G 2s Gd. Store cattle, yearlings from IGs to £1 lis. two-year-olds were passed at £3 17s Gd and £4 7s Gd. Young rows in profit, .£3 Is, £3 7s. Gd. Twelve dairy cows, £3 to £ t 17s Gd, one (time up) £7 10s, .heifer fdo.) £8 Gs.

Fat lamb*, sold well at from 10s to l-is 2d: fat ewes 7s to 10s 9d, wethers 14s lOd. Store sheep, s.m. 8s 4d, f.m. 7s 2d, 4s 3d to 7s, 2 and 4-tooth ewes lis 2d. Pigs.—A dull sale; weaners from 3s, larger 12s, stores to los.