COMMERCIAL

Poverty Bay Standard, Volume II, Issue 204, 12 September 1874, Page 2

COMMERCIAL

Owing to the rain which fell during the whole of Wednesday last, Mr. Maynard’s stock sale was not largely a ! tended, consequently, but few heads found buyers. Half-a-dozen steers were knocked down at from £7 to £8 each. The sale will be continued on Wednesday next the 16th inst., vide advertisement. Messrs. Robertson and Co.’s sale did not come off on Thursday as announced, the cattle not being able to cross the river. Melbourne, August 21. Markets very dull, and business has received a cheek, pending the result of the budget. Sugars, especially yellows, sold at advance. Flour and grain very dull—willing oats, held at 5s 3d.

180 guineas were paid for a single sheep yesterday. London, August 15. The money market is easier, and the Bank of England reserve stronger. August 16. Discount, three per cent. August 18. The Colonial wool sale opened this evening Out of 260,000 bales catalogued, upwards of 5,000 bales were offered. The attendance of home and foreign buyers was large, and the bidding commenced with great spirit. The rcTosing rates of last sales were well maintained. August 22. At the wool sales, the competition was well maintained, and prices continue very firm. The ebrn market has experienced a considerable fall. August 25. At the wool sales, competition continues extremely vigorous, and the prices show a renewal of advance compared with the previous sales of id to l|d. Foreign arrivals of wheat are abundant, and prices have fallen. At sales of the new wheat 5 esterday, purchasers were made reluctantly at a reduction of Is. August 27. | An advance of from Id to 2d has taken place on scoured wool; greasy is unaltered ; selling well.