COMMERCIAL.

Otago Witness, Issue 1935, 26 March 1891, Page 17

COMMERCIAL.

Messrs Wright, Stephenson, and Co renort having sold the sheep station Avlemore? on the Waitali. containing 49.640 acres leasehold, with 50 aoret freehold and 16,200 merino shwp, for JSooo the buyer being Mr J M. Bitchie (National u£& gage and Agency Company), as agent. ihe directors of the Sefton Dairy Factory hava received intimation from tbair shippers, the Bew Zealand Farmers' Co-operative Association, that the first consignment of their season's butter to the Home market, per s.s. Coptic, has realised the toD market value, bringing 112 a per cwt. Mr F. M. Btokman submitted to public auction at the Ashburton yards, on the 18th, his stud Shropshire Down and English Leicester sheep. The attendance of buyers was not large, but the biddings were fairly brisk, and every lot was sold. Mr Jasper Bicholls, Dantroon, purchased the Auckland bred Shropshire ram for 6Jgs, and four two-tooth rams at 4gs each. Of the breeding ewea 12 fold at 3*gs to Mr John Reid, Dunedin, and the balance at 3igs to Mr Nioholls. Twenty-eight ewe lambs sold at llgt, also to Mr Nioholls. Competition for the English Leicesters was not animated.

A cable message from our London correspondent, dated 6th init., stated that "boom" prices were likely to be obtained shortly for wheat, owing to theheavy Continental demand, especially from France. This scarcity of wheat is attributed to the prolonged frost throughout Europe, which has had a very injurious effect upon the crops, and a great deficiency is expected in France, in which 5,000,000 aores of grain fields have been destroyed by frosts. Squally gloomy anticipations are formed in Belgium and tha Netherlands, but in Great Britain the harvest prospects are moderately good. This important cablegram was yesterday considered by the Millers Association and a resolution carried to at once raise* the price of flour from £8 15s to £9 5s per ton.— Melbourne Leader, 14th inst.