COMMERCIAL SUMMARY.

Otago Daily Times, Issue 10572, 20 January 1896, Page 3

COMMERCIAL SUMMARY.

Press-Association—3y Telegraph—Copyright. Stdnej, January 18.

The -wool-sale held on Thursday was t^ie last of the weekly series, as the quantity mow arriving: warrants fortnightly offerinjs ouly. Throughout the week competition has been extremely kaen, with a strong upward tendency. The sales cloaed very firm. Scoured wools were especially active, and sold at to _i higher. All good-greasy was- snapped up at lull ratea. Since the obmmenoement of the sales close upon 400,000 bales were offered, of which 363,500 bales have been sold, as compared with 405,000 bales offered and 328,000 sold for the corresponding period of last year.

The import market has been dull, chiefly due to the intense heat. The fact of a readjustment of pricesinconseq'uenceof theremission of duties not being fully'completed confined business to a retiil characier. • In -sympathy .with the advance iril Melbourne, breadstuff.., improved towards the dose, apd sales of good milling' wheat-were made at Is 2d ta Is 3d ; rollpr flour, £9 10s to £10 ss. The produce market clvs.d HrmJ The- hot weather had the effect of greatly reducing stocks. ■ Bran advancad to iOAd; pollard i 6 scarce nt lid; potatoes, £6 10s to- £7 12s 6d. Dairy produce is ip good demand. Wheat and flour equal* to ' 1;250,000 bushels from San Francjsqo are now afloat or loading for New South W*le« and Queensland. California!! wheat is offeringat 3s 4_<l for bast shipping, and :fpr 3s 7id for best milling at ship's slings in Sydney. '.'..'■'■-. L MELBOtiBNEj January 18. ! Ther wool sales'were marked with great briskness and buoyancy. There was a general improvement of from* to for all the better classes, bringing; prices level with the beßt obtained during the season. The American demand, whloh had fallen off in expectation ofr the imposition of' an import duty, jhowed a: revival. < Breadstuff, attracted a largo amount of speculative'attention. In the early part of the. week prioes; advanced rapidly, but after-wards-steadied: Wheat is firm at 5s (o 5,i Oid. Largorsajes of roller floiir have been made for £12 7s 6d to £12 10s. Feed produce lints' are 'firm. ■• J '■'■'•■.-■' y The'half-yearly itport of the Victorian Trustees, Executors, add Agency Company shows a profit for the Six months of £3730. Owing to the J depreciation iv the value of property the directors decided to transfer from the reserve to contingent account a Bum of £45,000, which it is believed' will be sufficient to cover all depreciation. ' '• - Adelaide, January 18. Wheat has a .trongfirming tendency, and is now quoted at 4s ld. Flour (roller), £9 to £10. Feed produce lines steady.