ASHBURTON WOOL SALES.

Temuka Leader, Issue 2291, 10 December 1891, Page 1

ASHBURTON WOOL SALES.

At the Ashburton wool sales on Tuesday two thousand bales were offered. The growth and colour were better, but waste was as heavy as last year’s clip. There was a good attendance and coih-r petition. Half breds, 6Jd to 9Jd ; crossbreds, s|d to B£d; long wool, 5d to 7d; merino, 5d to 7d. These prices are on the average equal to last season’s for crossbreds, but a £d to Id lower for merino. ENGLISH MARKETS. London, Dec. 6.Up to date 109,200 bales of wool have been catalogued, of which 103,000 have been sold- Foreign buyers have taken a large quantity. Superior scoured shows a halfpenny advance on last quotation. The English wheat market is dull and tjie Continental is declining. The American market is also dull. For New Zealand wheat, off coast, sellers are asking 455, but buyers refuse to give more than 445. (Correction.) —The Tainui’s factorymade butter realised 112 sto 1325.

H. Trengrove and Company, provision merchants, of Tpoley street, who have succeeded in selling New Zealand butter at £6 2s, say that the market could absorb double the quantity of the finest colonial butter. They declare that the standard of quality set up by the merchants is unfair, and attribute the recent low prices to carrying butter in tlm same chamber. US game and fish. Excessive quantities of American beef lately landed have had a bad effect on the market for frozen mutton. Prices are not expected to improve till after Christmas. Shaw, Saville and Co. have reduced freights by 5s dead-weight, 7s 6d rough, 10s measurement; to begin on December 15th. „ Dec. i . The Times suggests that Australia should create a local public debt. The Financial Times advocates the same step. The commercial treaties entered into by the countries of the Triple Alliance will effect a reduction in corn duties. America, Canada, and India will benefit by protection being modified, and English business in the German markets will probably increase.