COMMERCIAL.

Globe, Volume XXIII, Issue 2339, 1 October 1881, Page 2

COMMERCIAL.

# J. B. Dale and Co. roport the market for the sales of properties, urban and suburban to be very dull. The following sales have been completed during the month pa*t: —Five aores, near Fendaltown, .£BO per acre; leasehold (fifteen years), Oxford terrace; ditto, Colombo street; part of town reserves, No. 7, freehold, with several cottages thereon, for Jb2ooo. For a long time past houses have been very difficult to let, and rents are down in many instances from 30 to 40 per cent. Three weeks ago a spurt took place, since which wo have let twenty-three houses and shops, being more than we ever lei before in the same Bpace of time. GRAIN AND PRODUCE. The reaction in the home wheat market during the week has given satisfaction to thoße who have wheat on the way or just arrived. Prices may, however, be expected to fluctuate, according to the disposition of American speculators to sell or buy. They held some 45,000,000 bushels wheat on the 10th August, as will be noted from the following report:—"The Cincinnati Ring, which has the wheat of the country cornered, now seems likely to make some money. Yet tho3e who know the inside of Chicago speculations from a Cincinnati standpoint are fearfulof the result. Nine out of every ten of the Cincinnatiaus who go to Chicago for wool come baok Shorn. Handy, the figurehead, is a very persistent fellow, but takes too great risks. He has bean a very rich man several times and a very poor one as often. He ia backed, from what can be gatheired„by the Third National Buik managers, by one or both members of a heavy paper manufacturing firm, by G. Y. Root, a wealthy grain man, and by the Abattoir Company here, which is composed of a dozen or two of Cincinnati's wealthiest men and shrewdest financiers. A private letter from Chicago says thit Bandy's cliqae have about twenty millions August wheat long, and a Chicago firm have about twenty-five millions September in their gra3p." Locally only a few small sales have been reported at 43 6d. The flour market is quiet, and wo have not heard of any sales of consequence. Prices remain without quotable change. A few sales of oats have been made at 2s, but business has been confined to almost retail limits. The barley market is quiet, and little doing at 3s to 3a 3d for best samples. Potatoes are quite unsaleable at a price which would repay the cost of sending them forward. In dairy produce there is but little doing, the only transaction of note being the sale of 30 tons cheese at 3 Jd. CORN EXCHANGE. The following ia tho report for the week ending Friday evening, September 30th : —The market during the week exhibits the same dulness that for some weeks past has been ita chief characteristic. Lateat advices from Kngland report a still farther improvement in the price of wheat. This has imparted a very firm tone to our local market. The weather meantime continues extremely favorable. Farmers ara still busy with their apring crops. wUnpfc—Mrt atti«n «-r *««pA»+.anfio have taken place during the week. The market, however, ia extremely firm. Best milling samples are worth 4s Gd to 4a 9d per bushel, f.0.b.; second quality, 4s to 4s 4d per bushel; chick wheat, 3s to 3s 6d per bushel. Oats—The market continues very dull. The downward tendency quoted last week is still very apparent. This state of things appears to be consequent on a paucity of orders from the intercolonial ports. Good short milling samples, 2s 3d per bushel, f.0.b.; feed samples, 2s to2a 2d per bushel; long oats, Is lOd to 2s per bushel. Barley—First class malting samples are still in good demand, and are worth from 2s 9d to 3s 4d per bushel; second-class samples are heavy of sale at from 2s 3d to 2s 7d pel bushel; feed samples, la 9d to 2s per bushel. Potatoes —The ominous words of the Maori prophet, " The potatoe is cooked," uttered some months ago, and over which there was much speculation as to what it might portend, have at last received some elucidation in the utter collapse of the potatoe market; at least potatoe holders are prone to think that the saying had a covert allusion to what has now transpired. Prices are nominal. Grass Seed—The season may be said to be now over. There ia still an occasional order coming to hand. Good clean aamplea are worth from 5a 6d to 5a 9d per bushel ; cocksfoot, 35-d to 3l<l per lb. Cheese and Butter—3d to 3J-d for the former, new keg 7d per lb.