COMMERCIAL.

Otago Witness, Issue 1917, 17 August 1888, Page 18

COMMERCIAL.

Millers' lines have ruled during the week as follows :— Flour, £8 to £8 10s per ton ; oatmeal, £8 10s per ton ; bran, £3 per ton ; pollard, £3 55 to £3 10s per ton, chaff, £2 10s to £3 per ton. There appears to be quite a revival araoiig the dairy farmers in the South Wairarapa district. They have held meetings in every district and sub-district, and are determined to thoroughly carry out the matter of butter and cheese-making on a co-operative scale next season, and to a bigger extent than ever before. Among the Ayrshire cattle shipped by the Tarawerayesterday for Melbourne by "Messrs Rogerson and Fleming, of Oamaru, and referred to by our Oamaru correspondent yesterday, were King of the Rii.g, who has taken the championship in more than one show ; First Baron of Chetnole, considered the best Ayrshire at Christchurch last year ; Second King of Chetnole, first prize yearling at Christchurch last year ; and Second King of Ohefcnole, second on

, the same occasion. Among > the cows are April Flower IV, Violet IV, Young Rose 11, Queen of Ohetnole, Duchess of Chetnole, , Second Baroness of Chetnole, and Princess of Chetnole, while the Fourth ' Queen of Chetnole among the ■ calves is an animal of rare merit. Mr Gemnaers stock will also worthily represent the Ayrshires of Otago. Mr George Livingstone's shipment of Clydesdale mares and geldings, were splendid animals. Some time ago there was considerable talk as to whether a profitable market could not be found for New Zealand produce at Rio de Janeiro. The Waikato Dairy Factory made a trial shipment of cheese only to find when they got the account sales that a loss of £40 had been made on the two tons of cheese shipped. Messrs Nimmo and Blair have had cable advices from London of a strong upward movement in all kindß of clover. R. Goldsbrough and Co., Limited (in conjunction with Mort and Co., Limited) report the sale of the Kerarbury estate, situate on the Murrumbidgee, below Narandera, N.S.W.. containing an area of about 156,000 acres, of which 120,000 acres are freehold, together with 86,000 sheep, 30,000 lambs, 575 cattle, •150 horses; working plant Btores, furniture, and effects ; on account of Messrs Macleay and Clark, to Messrs J. S. Horsfall and Co., at a satisfactory price, [ delivery at shearing, and clip of wool given in. Messrs Goldsbrough also report the sale of the .Momalong estate, situate near Corowa, New South Wales, on account of Messrs Robertson, Booth, and Co., containing an area of about 94,000 acres, of which 82,750 acres are freehold, together with 61,000 sheep, 29,000} lambs, cattle, horses, station plant, stores, furniture and effects, to Messrs Horsfall and Sprouie, at a satisfactory piice ; and of the Mitchell's Creek and Major's Line stations, situated near Seymour, comprising 1000 acres of freehold land, or thereabouts, and a large area of Crown lands, together with about 14,000 sheep, horses, cattle, &c, on account of Mr Robert Quarrell, to Mr Sheridan Dodgshun, at a satisfactory price. They also report the sale of the Emu Plains estate, situate near Benalla, consisting of 6251 acres, to Mr J. Shields, at a satisfactory price. Commenting on the first mentioned sale, the Australasian says :— " The Kerarbury estate, which is one of the largest and best properties in New South Wales, has been in the occupation of the sellers, Messrs Macleay and Clark, for over 40 years, and is justly famed for its rica soil and grand fattening qualities, the Bheep ou it attaining great size, and carrying heavy fleeces. It is highly improved, and has a frontage of 18 miles and a-half to the Murrumbidgee in a straight Hue, and as the country is level nearly the whole of it can be irrigated from the river by gravitation at moderate cost, thus offering great facilities for cultivation. It is sold with 86,000 sheep. 30,000 lambs, 575 cattle, and 150 horses ; the clip of wool now about to be shorn and all effects given in. The district has a good rainfall, and the property having always been kept moderately stocked, is in good heart, and has been free from losses by drought." With reference to the Momalong estate, the same paper says : — " The land is all suitable for wheat-growing, and yields excellent crops, especially the Burigan portion of the estate, which is only 20 miles from the Victorian railways at Yarrawonga, where a bridge across the Murray if in course of construction. The sheep are large-framed, and the wool always commands high prices. It is pleasing to notice that there are not wanting indications of a revival in land in this district. The price which Mr John Thompson received for Mrs Treloar's farm— £4 10s an acre— shows that land has still something more than a nominal value, and that the 'silver lining is already making its appearance. — Tuapeka Times. The Lyttelton Times states that a private telegram received in Christchurch from Oamaru announces the sale in that town of a large line of wheat on Tuesday at 3s, f.0.b., sackß extra. This is the first response in New. Zealand to the recent rise in London, and should certainly have a good effect on the local markets. Advices by the mail give particulars of the progress of the London wool sales up to the 28th July, at which date nearly one-third of the available quantity had passed the hammer. Of the total available of 366,128 bales, 110,512 bales were from New Zealand. The circulars of Messrs Jacomb, Son, and Co., Charles Balme and Co., Wilans and Overbury, and Dalgety and Co. agree in announcing the average values as compared with the April-May serieß as follows :— The better combing greasy merino, |d to Id, 5 to 10 per cent, advance ; short, poor, faulty greasy merino, par to 5' per cent, advance ; short, poor, faulty scoured merino, par to 5 per cent, advance ; good well-bodied scoured merino, sto 10 per cent, advance ; scoured lambs', of all descriptions, uncertain of sale, at par to 5 per cent, reduction ; grease lambs', slightly better ; crossbreds maintaining that average, coarser grades rather lower ; Cape and Natal fair snow-whites, 5 per cent, advance ; Cape and Natal good grease, 7& per cent, advance. The market has borne a firm tone, and everything seems to point to confidence in the immediate future of the article.