COMMERCIAL.

Globe, Volume IX, Issue 1348, 10 June 1878, Page 2

COMMERCIAL.

LAND SALES. Messrs E. Walton and Co. hold a large sale of land on Saturday, at their rooms, when very good prices were realised. The principal portion of the sale was that of sections in the newly-formed township of Crewe, at Addington. These averaged eighth-of-acre lots, and the prices realised were as follows :—Lot 1, £lOl ;2, .£101: 3, £99; 4,5, 6,7, 8, and 9, £B6 each; 10 and 11, £BO each; 14, £80; 15, £9l; 16, £126 10s ; 17, £220; 18 and 19, £llO each; 20, £109; 21, £102; 22, £B2 : 23, £ll2 ; 24 and 25, £IOO each: 26, £7O ; 29 and 30, £BO each; 31 and 32, £BO each; 33, £80; 40, £75; 41 and 42, £lO5 each; 43, £126; 45, £75; 46, £9l; 47, £115; 49, £135; 50 51, and 52, £112; 53, £109; 56, £152; 57, £131; 58, £lO2 ; 59, £79 ; 60 and 01, £BO each; 62, £lll. Other properties submitted brought fair prices. Messrs H. Matson and Co. sold on Saturday afternoon the following properties :—Half an acre of 1 nd in the Springfield road, near Mr George Gould's, together with a five-roomed house and one seven-roomed house, realised £'loo. Sections 665 and 666, containing a quarter of an acre each, situated near Ashburton, brought respectively £ll6. Sections 4859 and 5883, comprising 180 acres more or less, situated on the Selwyn below the railway station, the property of Mr Mathews, realised £I9BO. Part of the freehold land known as Abbott's Farm, the lots containing respectively 4 acres and 2 perches, 4 acres and 2 roods (2), and 13 acres 14 perches, realised £220, £207 (2), and £591 lis. One farm containing 100 acres was sold privately at £7 10s per acre, and a town section containing 1 rood and 6 perches for £l5O. AUSTBALIAN MAEKETS. Melbourne.—The "Argus" reports under date May 28th: —Breadstuffs are exceedingly heavy, and wo report a further decline on both flour and wheat. The former cannot now be quoted over £ll 10s, and to get rid of parcols 2s Od less has even been taken. Wheat has been sold by auction at 5s 4d for prime ; privately, also, 5s 4d has been accepted for best quality, while other descriptions were cleared off at prices ranging from 4s 8d to 5s 2d. About 1200 bags altogether found buyers. Oats have been largely sold under the hammer. 1000 bags Tasmaniau realised 4s 6£d, and about 400 bags New Zealand and Victorian were disposed of at 4s'7d to 4s 9d and 4s 10£d. Maize is moving off steadily at 4s 6d to 4s 7d. A line of 400 bags very superior malting barley has been placed at the extreme figure of 7s. A very extensive parcel of sugar, comprising 17,000 bags and pockets, was offered this forenoon, but owing to the extreme want of life among the buyers, doubtless caused by the quantity pressed on the market at one time, only a very small portion was disposed of, the remainder being withdrawn. 3493 packages were sold, when white crystals realised £36, white counters brought £35 10s, brewing crystals £33 15s to £34, and grainy yellows slowly indeed, and only the most ordinary trade sales are making. Patua rice is still inquired for, and large sales could be made even at an advance on £2O in bond, but. the principal holders positively refuse to quote a price for large parcels. Not much was done in tobaccos to-day, but we learn that some 430 packages of Cameron's goods will be offered publicly to-morrow. The timber sales chiefly comprised fiooring, which was quitted at 9s 9d to 6s 6d. Brandies are still inquired for, but holders of Hennessy's are very firm in their ideas, A line of equal to 100 quarters of Bisqnit Dubonche's 1875 has changed hands at a very full price, and further business to a considerable extent likely to be carried through is, moreover, pending. Adelaide.—lhe "Observer" reports on the breadstuffs market for the week ending May 23rd, as follows: —The market opened dull at from 5s 8d to 5s 9d for shipping lots, and remained in that state till Wednesday forenoon, when the sale of the Clyde's cargo of between 40,000 and 50,000 bushels at 5s 8d f.o.b. at Port Adelaide took place. Since then the buyers have reduced their limits, bnt there is very little wheat offering in the open market, millers being very short. For delivery at the mills, Port Adelaide,. 5s 8d is offered. The general impression is that the market will go lower. Country flour is freely offered at £l2 10s without finding buyers. Town brands are offering at from £l3 to £l3 ss, with no demand. Bran and pollard maintain their prices at from Is 4d to Is 5d and Is 5d to Is 6d respectively. New Zealand oats are scarce at abont ss. There is little or no demand for barley, which we quote at from 4s to 4s 6d, according to sample. We understand that the Eunnymede is chartered to take 500 tons of flour to the Cape at 40s, the balance to be delivered in England at 30s. The exports for the week ending May 16th were—Wheat, 595 tons ; flour, 1850 tons—making a total exported for the year up to that date—Wheat, 56,090 tons ; flour, 29,365 tons.