COMMERCIAL SUMMARY.

Otago Daily Times, Issue 10620, 16 March 1896, Page 2

COMMERCIAL SUMMARY.

Special—By Teloßraph—CopyriKht.

Sidney, March 15,

Small cataloguss and very 6trong competition were the featursß of the fortnightly wool sales, considerable qnantiliea being sold privately, and several lines withdrawn in expectancy of higher prices. The bulk offering at the sales was of medium and inferior qualities. As compared with a fortnight ago values, especially for scoureds, showed a further slight advance, and full parity with London advances were raadily forthctimicg hsre. The exporta o£ wool for eight months ended Febrnary shows a decrease o£ 141,700 bale 3 compared with the same period last year. So far March has proved a dull month in the import market, but the week closes with a little more life. Kxport orders continue numerous, New Zealand taking a good deal of business. Breadstuffs nre quiet. Local milling vrhoat is nominally Is sd; New Zealand is unaltered, and io quoted at 3s lOd to 4s. Sellers are offering more frealy, but buyers are holding off somewhat in expectation of lower prices when larger shipments arrive. The recent rains greatly improved the crop outlook. With increased Stocks, faed produca lines are easier. Maiza (with large supplios) declined 3d. Butter is weak; other dairy lines steady. The potato stocks are lower, and firm. Now Zealand onions are in good demand at L7 to L 7 ss.

Daring tho week a creditors' meeting Was hold in the estate of Rogers and Co., merchants, Goulbnrn, in which Sydney bouses are largely interested. Tho estimated surplus is given at L 18.700. MiSLnouitNE, Marob 15.

Breadstuffs are quiet, but very firm. There have been ealos of wheat up to 5s Id In town aud equal to Id and 2d more in the country. The official returns are oxpected in a few days, and the Age predicts that should they, as is generally expected, prove unntttisfactory next week will see an advance to 5s 3d. Dallverias of bats have eased somewhat, and there is a little more inquiry. Sales of New Zoaland have taken plnoe at la lid. Barley, miiizo, and peas are wsaker. The import market is normal and steady.

A Melbourne co-operative jam and canning factory—the first attempt of tha kind in Victoria —has been started At the Milanra settlement for the purpose of dealing with tho surplus fruit. Tho initial coot-is mat by (t general levy on the settlers. A number of largo orders have baen secured.

THE MINISTRY JUBILANT At knowing that Frosaard's Cavour Cig&rs are now uroonrablo overvvrhore in psolrets pf eight for!», ,