COMMERCIAL.

Poverty Bay Standard, Volume III, Issue 218, 31 October 1874, Page 2

COMMERCIAL.

Dunebin, October 23.

At the sale Mr. G. M. Bell’s Waimea short-

horns at East Taieri, yesterday, the highest . bids were for the cows Queen of Butterflies and Ruby, which realised 325 and 290 guineas respectively. Both were knocked down to Mr. J. F. Hatching, for Mr. Joseph Clarke, of Moa Flat. The cattle realised 4,700 guineas. The estate, comprising about 460 acres, sold at prices ranging from £l5 to £2O per acre. The sale is one of the most important ever held in the colony. Breeders from the North Island and Canterbury were well represented. Victoria also had buyers.

The fullowing is an excerpt from the New Zedand Loan and Mercantile Agency Company’s circular for August: — Wool.—Some considerable parcels of holdover or withdrawn wool have changed hands bv private treaty at prices showing a varying advance on last sale rates. The enquiry has been hardly so strong during the last three weeks, owing probably to the near approach of the next series of sales, importers generally preferring to wait the result of public competition rather than realise in the meantime. The market has also been somewhat influenced by the sales at Antwerp and Havre, at which t he advance established by private transactions since their previous auctions has been in a great measure lost. From Germany our accounts speak of a considerable revival of business, and we hear also from the home manufacturing districts that the American trade shows some increase of activity. Machin ry is well employed, particularly in the clothing districts, and stocks of raw' material are low, but at Bradford there has been a slight reaction in the value of homegrown wool. It is probable that the brilliant harvest prospects have given some stimulus to the recovery of trade, and present appearances decidedly encourage the expectation that the next sales, commencing on 18th instant, will open in a firm and favorable market. Up to this date the following quantities have arrived for next sales New South Wales & Queenshind 41,234 bales. Victoria 58,299 „ South Australia 10,817 „ Western Australia 1,559 „ Tasmania 7,383 „ New Zealand ... 60,423 „ Cape of Good Hope 43,052 ~ Total 231,797 bales.