COMMERCIAL.

Poverty Bay Standard, Volume X, Issue 1170, 9 October 1882, Page 2

COMMERCIAL.

(From the New Zealand Loan and Mercantile Agency | Conqiany’s Circular. sth October, 1882). WOOL. Christchurch.—Since our lest issue we have held a 1 special auction sale «>f wools, consisting chiefly of fell- ' mongers* scoured parcels. Buyers displayed great ; reticence in their bidding-., resulting in the withdrawal of many lots; thc<- were, however, mostly cleared . privately afterwards. Out of 247 bales offered, 231 found buyers at the foliowi g rates:—Grease : Merino, 6- to 7d; half-bred, Gid ; lambs, TAd. Scoured : Merino, Is 2’d to Is do pieces, lid to Is O.Jd; cross-bred, llAdto Is 4ld ; do. locks and pieces. 6.) to Is. The ■ first of the new clip arrived in store to-day. Wellington.—The new clip will shortly be coming in, I and we anticijiate that a considerable quantity will be j offered for local sale, Gisborne.—Shearing began on Ist Inst., with a good j prospect of a heavy clip. Auckland—A few small lots have been sold at public I sale, realising 7d five-sixteenths per lb. GRASS SEEDS.

Christchurch—The early advent of north winds, accompanied by dry and otherwise unfavorable weather , for sowing operations, produced a sudden check in the demand; growers amt merchants are consequently burdened with unusually heavy supplies of ryegrass need to carry forward. The cxi>ort demand for cocks- | foot has been goid up to u very recent date, u- d the j quantity to bv held over is iuMgmflcant. Dur quota- ■ (tons of’4s 3d to 5s for ryegrass Is merely nominal, but ; cocksfoot cannot be obtained at k->s than 5} per lb. Dunedin—Ryegrass : This market Is fully supplied, ■ but owing to a slack demand, iiitie or no l»u«ines< has i passed. The few sales transpiring show rates at 5> 3d to Gs Gd, according to sample. Invercargill. -Sowing h now being carried on with . vigor, un<l a large business has been done. Ryegrass : Large sales have been made by us at from 5s to 5s Cd per bushel for farmers’ jareds. Machine cleaned is selling at fully up t<* G-*. Cocksfoot has been in fair : enquiry. <>nr sides haw been a« quoted. Napior--Only atuall transactions in this line, at our former quotations,

Oumtri! Ryegrass • During the earlier i<art of this month then; was a very a< th v demand for all docrip- j tions uf grass sued*, and several large Hues were placed , at satistaetcrv prices; but lately, owing to farmers 1 having mostly supplied their requirements, and u disinclination vi) the part of local seed merchants to burden themselves with heavy stocks, only a very re- ! stride*! Uuslnees <r.:i be recorded. PROPERTIED Gisborne There h u healthy enquiry for properties I Suitable for sheep farming. We have to note the bale 1 Of an e-Ute of 44! acres for £12,4U0. Allowing fair j market value for stock, etc., this gives £22 per acre, i A ran of IX.OuU acres freehold changed hands on the , 20tb, at the price of L 13.500, and we hear of negotiu- t tions pending for the purchase of other properties. In } romp’damx* with the wish of njanv intending purchasers, our unction sale •>( Pouawa and other properties j has been till Wtl* November. From the i numerous enquiries reaching u« from all parts of the I (*ulou> respecting the.-v ;iro»»trti«s we anticipate a large attendance at thr sale.