COMMERCIAL

Otago Witness, Issue 2105, 28 June 1894, Page 24

COMMERCIAL

Messrs Dalgety and Co.'s London office cables to the local office, under yesterday's date, as follows : — " Wool prices are very firm and tending upwards. The advance is chiefly on Adelaide and faulty greasy wools." The Cromwell Argus is informed that through lack of mill conveniences for gristing, the farmers in the Clutha Valley have hitherto been unable to. quit their wheat stocks, both of this year and last year. , Southland will be largely represented at the stud aheep sale which commences next month at Sydney. By the Wakatipu 485 sheep of different breeds have left the Bluff, the shippers being Messrs William Dunlop, John Russell, J. B. Sutton, Fred Sutton, John M'Croatie, Robert Grieve, and James Blackie. Quite as many also went by way of Dunedin, there having" been insufficient accommodation available for the whole lot. The latter were from Morton Mains, Edendale, and Highlav.— Mataura Ensign. Messrs Scoular Brothers and Co. have been appointed sole agents for Otago and Southland for Taylor Brothers' cocoa and mustard. Speaking of the prospects of the wheat market the Melbourne Argus says :— " Against the easier tendency in the English markets has to be set an important local element. The New Zealand wheat harvest is not only an extremely poor one, the estimated production being barely sufficient for food and seed, but the quality is described as generally too bad for bread-making' purposes without at least admixture with Australian wheat. If this statement of the poaition is correct, then as soon as the stocks of old wheat run short in New Zealand, recourse must be had to Australian supplies, and the demand will tend to harden our market. But New Zealand importers will be able to draw from Adelaide as well as from Melbourne, and the competition which may be engendered will be calculated to keep the hardening tendency within bounds. The development of this matter will be watched with much interest, especially as many years have passed away since New Zealand had to look to Australia for breadstuffs. The duty on wheat imported in New Zealand is equivalent to about s|d per bushel." A special meeting of creditors in the estai c of Messrs T. G. Brickell and J. W. Frew was held ye=terday afternoon. Mr A. Russell was voted to the chair, and explained that the meeting was held for the purpose of confirming a resolution passed on the 6th of June that Mx Frew's offer of £100 for the private estate be accepted. Mr Haddock moved, and Mr Denniston seconded that the resolution be confirmed. The motion, on being put, was lost by value.