FINANCE AND COMMERCE.

Poverty Bay Herald, Volume XXIII, Issue 7540, 22 January 1896, Page 2

FINANCE AND COMMERCE.

THE WOOL SALES. Londok, Jan. 20. At the wool sales competition continues spirited, with prices hardening. At the Bradford wool sales the prices realised were the highest of the series, many lots being disposed of at a slight advantage on last top rates. Sydney, Jan. 21. At the half-yearly meeting of the City Bank the nett profit was shown to be £10,000, to which must be added £8,080 from the previous half-year. A dividend of 5 per cent, was declared, and a sum of £8,080 carried forward. The chairman, in bis address, stated nothing special had occurred during the past six months. The directors were actine cautiously, and the business was quietly improving. There were prospects of a considerable amount of new business during tho coming half-year. The bank was doing nothing bub what waa considered the safest kind of business. The report was adopted. Jan. 22. —Intercolonial wheat is nominal, new local crop 4s 2d to -Is 3d, wheat, chick 3s lid to 4s ; flour, £10 ; oats, prime 2s 4d to 2s sd, market quiet; maize, dull, 3s 3d to 3s 6d ; barley, Cape 3s 3d ; bran, 10^d ; pollard, 1 ld to lljd ; peas, Prussiau Blue 4s 9d ; potatoes are in fair demand and there is a plentiful Bupply, local grown £5 Is to £6 15s, New Zealand kidneys £6 10s, Circular Heads £7 Sa to £7 10s; onions, £7 to £7 10s; butter, dairy made 10d, factory lljd ; cheese, New Zealand (JJd to 7d; bacon, Gd to Bd. Melbourne, Jan. ,22. Wheat, firm at ss; oats, weak and irregular, Algerian feeding 3s M, stout 3s 3d to 3s sd; maize, 3s 7d to 3a 9d; bran, Is Id; potatoes, £5 ss; onions, £5 10s, Adelaide, Jan. 22. Wheat is being held back, some sales were reported at 4s 2d, bub afterwards were denied, there is no disposition to sell; flour, roller £9 10s ; oats, dull, 2s 3d to 2s 4d; barley, malting 3s Gd to 4s 3d ; bran and pollard, Is. Wellington, to-day. Tho Wellington Gas Company has declared an interim dividend of 5 per cent., making 10 per cent, for the year. The sum of £2500 has been written off plant for depreciation aud £1940 carried forward. Auckland, to-day. The second wool Bale was held to-day 2963 biles being catalogued by Hunter and Nolau, Buckl'iud and t^'ona, Bimiey, and the Loan Mercantile. Although there was a large aUundance of buyers tho tone was duller than at. the December sales, and up till lunch loolis us if there will bo per lb drop all round. Tho prices realised are about as follows : — Crossbreds, 6Jd to S\d ; loDg wool, 6jfd to 8d ; lambs, 6Jd to "id, one line at BJd ; pieces <id to 6d. 1