COMMERCIAL.

Globe, Volume I, Issue 10, 11 June 1874, Page 2

COMMERCIAL.

Globe Office, Wednesday. The Customs revenue collected yesterday was as follows :

£737 7 4

Mr H. E. Alport held a sale at the Carlton Hotel yesterday of the Wheatsheaf Hotel, situate akthe junction of Stand’s track and Tancrcd’s road, to which was attached a 20 acre section, and one acre of land on which is erected a blacksmith shop; this latter portion of the property being subject to a lease, having five years to run. There was a very good attendance of up-country buyers, and the bids started at £3OO, which amount was quickly run up to £4OO, Mr James Stevenson, the present holder of the hotel license becoming the purchaser at that price.

Immediately after the above Bftle, MrJ, Matson, officiating for Messrs J. T. Ford and Co,, offered the following station properties by instructions from the mortgagees—the Bank of New Zealand : Lot 1, consisting of runs, No 208, class 2, containing about 120 acres ; runs No 219, class 2, containing about 250 acres; runs No 249. class 2, containing about 92 acres; and runs No 250, class 2, containg about 100 acres, all being held under the Canterbury Waste Lands Regulations, A bid of £BO on account of the mortgagees secured this lot. Lot 2 was next submitred, consisting of reserve No TlO, containing 250 acres, situate in the Mandeville district, and known as Belcher and Fairweather’s run. The reserve was held under a fourteen years’ lease, dating from October, 1871, at a rental of £l2 10s per annum. The auctioneer’s eloquence failed to obtain a higher offer than £4OO for this lot, made on account of the mortgagees, and the property was passed in at that price. Lot 3 consisted of 600 sheep, of mixed ages and sexes, which were sold in five pens :—No 1 fetching 8s 6d per head, No 2 9s do, No 3, lambs, os do, No 4, do, 4s 6d do, and No 5 do, 2s 9d do.

Melbourne—The “Argus” of June 2nd reports:—ln the import markets business generally docs not show much activity, and the chief sales effected to-day have reached us through the auction mart; Breadstuffs arc very slow. Transactions in flour are of a trifling character, and do not go beyond supplying actual trade wants at £l4 15s to £l4 17s 6d, for bakers’lots, bags included. Inquiries for parcels have come before us, but holders as a rule ask £l4 5s for good brands, but though a slight concession might lead to business, no result can yet be reported. Wheat is steady at unaltered rates, but in the face of so little offering there is nothing doing worth special mention. Small parcels of prime wheat have been quitted at (Is Bd, Oats arc very firm ; arrivals to hand amount to close on 2000 bags. Quotations are steady at os Id to 5s 4d for ordinary to fine feeding, and fine milling command 5s Bd. Maize—The market has been to some extent relieved by the arrival of supplies to the extent of 6000 bags, The bulk, however, has gone into the hands of the trade, and sales have sot been so largo, though fairly nume rous. Quotations are steady at os sd. fc'ugars

'have been moved off to some extent. The cargo of Natal sorts, per Resolution, was submitted to competition, and 2881 packages were cleared off at from 23s 3d to 25s 9d for rations, 26s 3d to 28s for browns, 29s 9d to 31s 3d for low yellows, 31s 9d to 32s 9d for good, and 33s 3d to 34s 9d for fine yellows. Some 3000 bags Mauritius will be offered to-morrow. A good inquiry for teas has sprung up, and private sales have been making more freely at from Is 2d to Is 3d for low medium congous. The market is evidently firmer, owing to the fact that private telegrams have been received from Foo-chow to the effect that successive rains prevented the new teas reaching market, and there were no signs of the season opening. At Hankow it was expected that the season would commence 3 taels higher. Under the hammer, this afternoon, the Lady Belmore’s cargo, consisting of 7441 packages was offered, and 6700 packages were cleared off at BJd to Is 6 ; }d for congous, and Is 1-Jd to Is 2d for scented orange pekoes. Tobaccos are quiet; the loss of the British Admiral is causing some inquiry, over £BOOO worth of twists having been lost on boaid that ill-fated vessel. A parcel of New Zealand flax was sold at £l9. Brandies are beginning to be looked after again, and a demand for rum is also being experienced ; business in both spirits is said to be pending. We regret to have to announce the unexpected suspension of Messrs M'Callum, Neill, and Co, an oldestablished firm in the city, largely engaged in the country trade. The direct liabilities are estimated to amount tc £36,000, Heavy and continuous losses for some time back are stated to be the immediate cause of the stoppage. A meeting will be called on an early date.

Adelaide—The “Argus” of June 2nd contains the following telegram :—Wheat is dull at 5s 9d to 5s lOd. THE AUSTRALIAN FLOUR AND GRAIN MARKETS. The “ Argus ” of June Ist reports : In thedulness which pervades almost every article of trade, it cannot be expected that breadstuffs should escape, but the soundness and steadiness of the market may be inferred from the fact that though there is scarcely anything doing prices of both flour and wheat have undergone no alteration that will not be covered on the former by 2s 6d per ton, and on the latter by a penny per bushel. It is true .a silly fashion is fruitlessly attempted to be introduced of estimating the value of such goods by the offers, however absurd, which may be made at auction, but the folly of this is too transparent to require comment, and sellers have throughout the week preferred to withdraw their offerings rather than entertain any bids under our quotations, and the little business reported has in consequence been at very full rates. Flour in bakers’ lots has been moved off at £l4 15s to £l4 17s 6d, bags returned. Parcels have met with almost no inquiry; notwithstanding, however, sales have been made at £l4 ss, £l4 7s 6d, and £l4 10s, and the week closes with sellers of good brands at £l4 5s to £l4 7s 6d. A considerable parcel of a brand in little favour has been offering at much less without meeting with any response until yesterday, when the entire line of 200 tons was taken up privately at rather a low figure, and the market in consequence shapes better for business. Wheat has been very sluggish. At auction a few paltry lota have been got rid of, but not even sufficient to found a report upon. Quotations have stood at 6s 6d to Gs 8d for good to prime, and 6s 3d to 6s 4d for very ordinary. A few small lots have been quitted privately at 6s 7£d, and yesterday there were buyers at 6s Bd. Oats have met with an improved inquiry, and the prices realised show a firm market, with a slight upward tendency. On Tuesday, 700 bags were quitted publicly at 5s 2d to 5s 4.Jd. On Wednesday, 500 bags were sold by auction, and 900 bags privately at 6s to 5s 4 .Jd for feeding qualities, and as much as 5s 8d was refused for milling. Yesterday, 1400 bags of milling were disposed of at 5s Bd, and 1350 bags feeding were quitted at 5s 3d to 5s 4£d. Maize was freely sold in the.beginning of the week, when all the City of Melbourne’s shipment, comprising 3300 bags, went into the hands of the trade, either directly consigned or by purchase, but no further supplies having come forward since, the market has been very bare, and the quotation firm at 5s 6d. The steamer from Sydney came in on Saturday, and there will be more activity until her shipment is all taken up. Feeding barley is very saleable at 4s 9d to ss. Malting is wanted at 6s to 6s 6d. Bran has been in fair request at Is 5d to Is 6£d. Pollard has stood at Is 6d to Is Bd, and Victorian made oatmeal has been selling at £32.

£ 8. d. £ R. d. Spirits 156 4 6 Sundries 40 10 7 Tobacco 21 0 0 Fy.goods 100 11 6 Wine 4a 4 0 Drapery 24 If. 4 Coffee 13 1 9 Treacle 3 5 6 Mustard 2 2 11 Paper bags 23 3 5 Hardware 16 3 11 Tea 40 15 0 Castor oil 3 10 0 Earthenware 130 17 11