COMMERCIAL.

Globe, Volume II, Issue 119, 17 October 1874, Page 2

COMMERCIAL.

Gloke Office, Saturday. The recent boisterous weather has prevented farmers from leaving home, and consequently no sales of grain are reported. Wheat is nominally ai 4s 9d for medium samples, and 5s for prime, the demand for export being limited. The last quotation from England of 48s per 496 lbs for New Zealand wheat must leave a heavy loss to shippers, ar it will only nett 3s per bushel in Christchurch without allowing anything for risk of sea damage This leaves a very .poor prospect for farmers ne.M year, and It is to be fonrdd iha 1 ' unusually low rates must rule, ns South Australia has every prospect o an abundant harvest, which will more than supph all the wants of Australia, in which case New Zea land will have no other outlet but England. Fine is quiet, at £l2 for 200 lb sacks, in baker’s parcels. Oats are s illing at 5s 6d for retail lots. In pm visions, butter is worth I2d, but very little is offering. Hamsandbacon met a steady inquiry at lid h cloth f o b. Business n theimport marketsduring tin pastweek has been limited. Mostofthetradersbuyiiu ouly for actual requirements. We have no arrival from England to report, but stocks are fully ample for present requirements. ILcnnessey’s pale brandy

moves off slowly at 10s, dise 30s 6d. Sales have been made in other good brands at 8s 6d. Mart ell’s dark realises 9s 9d. Geneva —Small parcels have been placed at our last quotations. Bum and whisky meet with usual good sale, at full rates. Sugars continue to move off in trade parcels at fair rates. Stocks are low in finest white crystals, there are two cargoes expected shortly, which will no doubt come to a good market. Teas —A few parcels of new season’s have been placed at a fair margin ; stocks of 1873-4 tea are getting low in consequence of importers forcing off at reduced rates. Tobaccoes are firmly held, best twist is quoted at Is9d; several enquiries have been made for aromatics, and we hear of a liberal-advance made for same, but holders anticipate a further advance in other markets, and decline to quit at present. Bottled ale and stout—We have no change to report in these lines, best brands ale are quoted at Its (id to 12s 6d ; stout. Its 3d to 12s 3d. Kerosene is placed in trade parcels at 2s 2kl to 2s 3d D.P. Price’s candles are sold to arrive at lid. Galvanised iron, G.O. Anchor brand—We hear of two or three large lines of 6 to 8 f. et lengths changing hands at £35. Cement is placed readily at 235. Slates have been placed at £lO 10s. Woolpacks Sales have been made at 4s 3d. Cornsacks realised 13s. Fencing wire commands £25 to £27, for size 7 to 9

Mr 11. E. Alport reports having sold as under at the Carlton Yards, on Wednesday last:—l6 head of two year old fat heifers (a cross from ttie celebrated Devons, imported by Mr E. Keece), brought £7 5s to £7 12s 6d; fat steers and heifers. £6 10s per head; store heifers. £4 10s per head; cow, in milk, £•> ss; fifteen to eighteen months old steers and hei'ers,£3. The supply of fat cattle was larger than at recent markets, and prices of prime beef may be quoted at not higher than 32s 6d ; ordinary quality. 30s. Store cattle were in demand, and realised full rates. Fat sheep were briskly competed for : shorn half-brcdsbrought 18s to 25s 6d; fat half-breds, wool on, 20s to 29s ; fat merino wethe-s. very prime, 2ls ; half-bred ewes and lambs, inferior, 8s ; half-bred ewes and lambs, good quality, 13s to 158 6d; store half-bred hoggetts, 13s; store merino wethers, superior, 9s 3d ; quotation for prime mutton, 5d to spl. A general opinion prevails that the highest prices have been reached for fat stock, and that a gradual reduction will take place as the season progresses, and the paddocks show more grass.

Mr Charles Clark reports that on Thursday last he held an important sale of town and suburban land at his rooms in Hereford street, at which there was a very large attendance, all bona iide bidders. The property offered consisted of town sections 567 and 568, situate opposite the residence of Dr Deamer, Armagh street; also town section 571, situate at the rear of the Crystal Palace buildings, fronting Oxford terrace. The two former sections realised -£llOs. and the last named one £485. The next prop rfy offered compt ised the whole of rural section 39 [IOO acres), situate at Woolston, the southern half of which was divided into seventyone quarter-acre allotments, and info six paddocks, each of 4J acres. The quarter-acre allotments, with direct frontage to the Ferry road, realised from £3B to £7l each. One section on this frontage with an old building thereon brought £l5O. Sections of an equal size in rear of the foregoing, and fronting on a road reserved through said section, were all sold at from £32 to £36 each. Quarteracres again, on the opposite side of the last mentioned road, with a south-west frontage, were all sold at from £l3 to £6O each. The paddocks, all more or less in native state, were sold for from £2O up to £69 per acre. The back half of the section, viz., fifty acres, encumbered with two leases having lOyears to run at a very lowgroundrent, was disposed ot subject to these leases at an average of £l7 per acre. Seeing that ev ry lot submitted was eagerly competed for and sold, realising a total sum of nearly £6OOO, is direct, evidence of the fact that freehold lands fully maintain their prices in the estimation of the public of Canterbury.