COMMERCIAL.

Temuka Leader, Issue 2891, 7 November 1895, Page 4

COMMERCIAL.

POINT SALE

The Point stock sale ou Monday was a very good one, the entries being large, attendance excellent, and prices satis-, factory. In sheep, hoggets sold at 7s 2d, 11s 9d, 13s to 13s 9d, two tooths 12s to 13s 3d; ewes lls Id to 14s 6d. Pigs showed an improvement in prices, and in cattle yearlings sold from 27s to 445, fat cattle £4 10a to £6. MONETARY AND COMMERCIAL. London, November 3, The English wheat market is weak, without quotable change, the Continental is steady and the American is declining. At yesterday’s sales, 1425 casks of tallow were offered, of which 675 were sold. The stock now on hand consists of 25,944 casks. Leather, extra heavy, 9jd ; basils, strained, to ll£d; hides, nominally £d cheaper, but there is no business doing. Nov. 4. The steamer Maori from Australia landed 163 head of cattle. Sydney, Nov. 4. The Commercial Banking Company of Sydney has decided to release the remainder of the outstanding deposits before the end of the current year. The final amount thus released will approach a million. Five years were allowed in which to pay off all deposits, but within half that time the bank has been enabled to clear itself. The rain has to some extent checked the upward tendency of the produce markets, but this is considered only temporary. Holders are very firm. Late rates iu some lines, notably of oats, of which purchases are making from Now Zealand, continue to advance. At the wool sales the catalogue was chiefly light free wools, which were decidedly firmer than last week. All good greasies were very firm and eagerly bought up. Burry and inferior sorts were completely out of favour. Melbourne, Nov. 4. The largest shipment of butter, 78 tons, that ever left Australia, valued at £78,000, was despatched by the Ballarat. The Millers’ Association have raised the price of roller-made flour to £lO. Wheat continues very firm, and is quoted at 4s. Produce lines contin ne to advance. Nov. 5. At the wool sales yesterday competition was keen, and prices were very firm for all good sorts, as well as bulky pieces, even if somewhat “ burry.” Crossbreds were not so eagerly sought after. Inferior and lambs’ wool draggsd and rather lower prices were obtained. The Argus says tl at the drought which still continues uubroi ©n, h« done its work so well that now whether rain falls or not, the wheat harvest will be very light; and that oats, barley, and hay will bo below the average. Tho pretty general opinion is that wheat at the very worst will average about 5 bushels to the acre, and at the beat 7 bushels. Five bushels for the harvest means enough to meet Victorian requirements; 7 bushels will give a surplus for export of about 3,000,000 biifhels.