Commercial.

Evening Star, Issue 3613, 21 September 1874, Page 2

Commercial.

The amount of revenue received at the Ous ton-house or. ..nods cleared for oonaumutiorthis day w»s L 777 14s 4d. Messrs Driver, Stewart, and Co., on Saturday afternoon, submitted to public competition the township of Green Island. The attendance was very hirge, and for the greater number of the sections offered the bidding was very spirited, prices in some instances realising equal to L 864 per acre. The sections withdrawn from auction, comprising a number of the choicest frontages to the Kaikorai River, and several very eligible villa sites, are now for sale by private contract. , A meeting of the Bank of Otago (in liquidation) was held at the London Tavern on July 8, Mr A. L. Elder in the chair. The chairman said the business of the bank was transferred on July 1, 1873 —just twelve months ago. The assets then amounted to L 236.931, and of that amount the National Bank of New Zealand took over LI 89,597, leaving L 47.333 to be collected and remitted on account of the Bank of Otago. L 12.500 had been collected, leaving L 35,000 still to be iemitted; but as Mr Larnacb advised that L 15,000 might be considered bad, about L 20,000 along with the L 12.500 remained to be remitted. The cash in London was L 5.174, from which had to be deducted creditors’ claims for L 1,138, so that they could see at a glance what was likely to be available. They would of course like to know what further amount they would receive, and he would have liked to have told them. He could say that he was of the same opinion as in April last—vis., LBlos or L 9 per share would be the total return. Unfortunately there was a dispute with the National Bank ef New Zealand with respect to the notes destroyed by tire at the Bank of Otago in 1865, they being afraid that some of them might come forward for payment. The liquidators fully believed that out of the L 150.600 received by the National Bank of New Zealand they would make a considerable profit. [By Tbleobaph.] London, September 12.—1n the wool market {•rices are sustained, scoured maintaining a averable position, 156,000 bales were soR It is expected that present prices will continue till the close of the sales. Wheat quotations ate unchanged. Copper is firm, with hardening prices—Straits is at L 9 2; Australian, L9O to L9L 843 bales of New Zealand flax has been offered, but the chief part was withdrawn, holders wanting from Ll9 to L2O per ton. Cotton (Indian) is in dull demand at 5d to 5Ad. Bales have taken place at Liverpool of 15,000 bales ; the stocks amount to 103,900 bales. New Zealand fives are at 104 to 105; South Australia sixes, 117 to 122; Victorian sixes, 115 to 1U; New South Wales fives, 1888*1922, 107 to 109. The Home markets show little change. Mblboubnb, September 14,—A demand is ■cringing up for currants; sales have taken place at 9sd; and of small parcels of maize at ss.