COMMERCIAL.

Press, Volume LIV, Issue 16160, 14 March 1918, Page 8

COMMERCIAL.

(By Cable. —Pr'ew Association. —Copyright.; (Australian and 2s T .Z. Cablo Association.) SHARES. (Received March 13th, 11.5 p.m.) LONDON, March 12. Bank of Australasia, £119 109; Bank of New South Wales, £36 7s 6d; Union Bank of Australia, £57 os; National Bank of New Zealand, £105; Bank of New Zealand, £11 los; New Zealand Loan and Mercantile stocks, £61 5s and £100. DUNSANDEL SALE. There was a good yarding of sheep and a satisfactory attendance at the Dunsandel monthly sale, and good prices were realised. Tho following sales were made:—For Johnston Bros.. 171 owes at 16s 6d; J. Boag, jun., 79 ewe lambs at 23s 7a; Mrs Henderson, 56 fat wetbers at 31s 8d ; E. J. Chatterton, 31 ewes at 355; J. Mackie, 77 ewes at 295; ,T. Sowden, 124 ewes at 24s 7d, 108 ewes at 27s 2d; W. A. McMillan, 30 lambs at 26s 4d, 25 ewes at 38s; R. Gemmell. 30 lambs at 26s 4d, 57 iambs at 295, 27 ewes at 295; J. H. Stevens, 46 ewes at 24s 7d; J. W. Mawson, 68 lambs at 245; Airs Tweedie, 23 ewes at 28s, 51 lambs at 28s Id; H. C. Wells, 84 lambs at 31s; R. McDowell, 81 crossbred ewes at 32s 9d; J. Shemmings, 53 merino ewes at 245, 55 crossbred ewes at 24s lOd, 77 lambs and 43 merino ewes at 25s 6d; E. G. Wri<rht, 173 fat lambs at 30s srl; J. Gemmell, 59 ewos at 33s 7d; Allen Bros., 70 ewes at 295.

VALUABLE CITY PROPERTY

OFFERED FOR SALE. A valuable block of city propertv situated at The Triangle was offered for sale by McCrostio Co., Ltd., yesterday. The property was in the William Wilson trust estate, and included in the block was the City Hotel. The block has frontages of 151 feet on High street. 82 feet on The Triangle and 92 feet on Colombo street. T&re was a good attendance at tho sale, but all tho lots in the block were passeb in. The block was put up as a whole and starring at £50,000, it went un to £80,000 bv £1000 bids fairlv rapidlv, and was then passed. * The property was then put up in lots. Lot 1 comprised three shops in Colombo street, occupied hv Messrs Hulston, D. bnoll, and Miss Kiver. having a frontago of 46 feet. City Hotels having a frontage of 4G feet to Colombo street, 82 foet to The Triangle, 24 feet to High street including two shops. This S n?iwwv and was passed at JL^UjCHa). 2 comprised four shops, occupied hy Messrs Glanville, Glackin. Fisher, and Airs Todd, with a frontage of 60

feet to High, street. This started at £250 per foot frontage, and "was passed at £310. Lot 3 comprised three shops, occupied by Messrs Reid, Gormley. Simpson, with a frontage of 45 feet to High street. This started at £300 per foot and was passed at that value. Lot 4 comprised two shops, occupied by Messrs Abra and Wright, with a frontage of 25 feet to High street. This started at £275 per foot, and was passed at £300. Another property, in five lots, in the same estate, of shops .and dwelling fronting on Colombo street and Hastings street (opposite the Sydenham Park) was subsequently offered but no sale resulted. CANTERBURY COLLEGE LEASES. A very successful sale was held yesterday by the Farmer' Co-op. Association of leases of agricultural reserves on account the Canterbury College Board of Governors. The following were the results:— Lot 1—251 acres 2 roods 28 porches, Mt. Thomas block, to J. H. Ensor, 28s per acre. Lot 2—250 acres, part of same block— Henry Smith, 23s per acre. Lot 3- —120 acres, Oxford—A. Wotherspoon, 25s per acre. Lot 4 —70 acres. Leithfield—Mrs E. McLean, 22s per acre. I Lot 5—57 acres, Dtinsandel—W. j Adams, 14s per acre. | Lot 6—254 acres 3 roods 17 perches, ■ Aylesbury—A. Duthie, 10s per acre. I

BURNSIDE MARKET. (riUJSS ASSOCIATION TELEGRAM.) DTJNEDIN, March 13. At Burnside to-day 185 fat cattle were penned, a fair proportion being primo heavy weight heifers and cows, with a few pens of prime bullocks. Last week's rates were maintained throughout.

Sheep—276B were penned. A fair proportion wero extra prime heavy wethers and ewes, for which the demand was been at late rates. Medium weight also sold on a par with late values. Lighter sorts were taken by graziers. Lambs—l2s7 were penned. The quality was good, with a few .pens of very prime. Competition by freezing buyers was keen, and a clearance effected at late rates. Pigs—Medium yarding sold at late high rates. STUD SHEEP SALE. (PRESS ASSOCIATION TELEGRAM.) INVERCARGILL, March 13. An important displenishing sale of John McKerchar's Border Leicester flock, founded half a century ago, and equal to any in New Zealand, was held to-day, when the whole catalogue except two sheep was sold at good prices. Buyers were present from many phrts of the South Island. Top price, 80gs, was paid for a one-shear ram by Royal Prince, the purchaser being Donald Mac Donald, of Edendalo. The majority of tho shcop wero bought by Southland farmers, but the following purchases were made by outsiders: —Stud rains: Royal Prince ? 30gs, J. C. Kellan (Temuka); Flemington Majestic, 29gs, W. M. Orbell (Waimate); one-shear, 15gs, A. Bradford (Owaka); one-shear, 62gs, J. R. Gilchrist (Oamaru); one-shear, 27gs, Robert Turnbull (Pomahaka); ono-shear, 19gs, H. E. Steel (Clinton); one-shear, 30gs, G. P. Johnston (Maitland); one-shear, llgs, A. North (Owaka); ram lambs, 6gs, T. S. Little (Windsor); five two-shear rams at 1\ gs, C. M. Brooks (Palmerston South). Stud ewes sold up to 30gs, and ewe lambs 'to 22gs.

CHBISTCHURCH STOCK EXCHANGE. LATEST QUOTATIONS. Buyers. Sellers. £s. d. £a. d. BANKS— Union. .. 55 10 0 — COAL— Wcstportr-Stockton .. — 0 8 0 FINANCIAL— N.Z. Loan and Mercantile .. .. 82 0 0 — INSURANCE— Farmers' Co-op. Assn. (pref. £5 paid) .. 7 5 0 — Farmers Co-op. Aesn. (pre!., 50s paid)- .. 312 6 — New Zealand .. — 8 11 0 South British .. 6 0 0 — MEATS— Canterbury .. .. 9 6 0 — JN.Z. Itcfrigerating (now issue) .. .. — 2 10 SHIPPING— Hnddart-Parker .. 118 9 113 6 MISCELLANEOUS— Booth, Macdonald (cum div.) .. .. 10 0 Colonial Sugar .. — 22 17 6 D.I.C. (10s paid) .. 010 0 Mqson, Struthers (XI paid) .. .. 12 0 13 0 Papuan Products .. — 0 3 3 MINING— Talisman .. .. 0 8 7 Huddart-Parker have declared a dividend of 4 per cent, and a bonus of 2 per cent, on the ordinary shares, making 11 per cent, for the year. YESTERDAY'S BUSINESS ON OTHEB EXCHANGES. (press association* telegrams.) DUNJsDIN. Sales:—Westport-Stocktcm, 8s; Mt. Lyell, 30s 3d, 30s 4d; "Waihi 38s 6d; HuddartParker, 33s 3d (four saies), 39b Id, 393 2d. Sales reported:—Huddart-Parker, 39a, 39s 3d.