COMMERCIAL.

New Zealand Tablet, Volume I, Issue 47, 21 March 1874, Page 5

COMMERCIAL.

Messrs McLand*«ss, Hepbcbn and Co. report that they, on Monday, offered by auction a number of freehold city sections and suburban properties, belonging to Mr Josiah Tutchen. The novelty in Dunedin, of submitting property at an upset price created considerable interest, and attracted a large attendance. The result of the sale was such as to confirm the auctioneers in the propriety of the new course they have adopted in offering property by auction. Every section sold, and almost in every instance at a considerable advance on the lipset price. The following ia the result of the sale :— ' Lot I.— Half of section 4, block XXVI, having a frontage to George street of 33ft by a depth of 165 ft, with double house, 3 rooms each ; and 3 two-roomed cottages. Upset price, L 40 0; brought L 460. Lot 2.— The other half of above section, with building about 28ft by 60 feet, used as a furniture Bhop. Upset price, L 30 0; brought L 390. Lot 3.— Half of section 5, block XXVI, having a frontage to George street of 33ft by a depth of 165 ft, with building used as a tin shop. Upset price, L 35 0; brought £410. Lot 4. — The other half of above section, with six-roomed house and small building at front used as a milliner's shop. Upset price, L 40 0; brought LSOO. Lot 5. — Section 64, block XXXI, having a frontage to George street of 66ft by a depth of 165 ft, with 6-roomed bay window house at back. The frontage to George street not built upon, and will allow space for two more large houses. Upset price, L 550 ; brought £585. Lot 6.— Section 55, adjoining the above, with one large bay window 6-roomed bouse ; and one 6-roomed house at the street frontage, and space for another house near the street. Upset price, L 600; brought L 615. lot 7.— Section 18, block XXXVII, with a frontage to Clyde street of 66 ft. by a depth of 165 ft., fenced but not built on. Upset price £150 ; brought £165. Lot 8. — Section 12, block XXXVII, having a frontage to Leith street of 66ft. by a depth of 165 ft., with 5 roomed house, outhouses, and garden. Upset price, £450 ; brought £470. Lot 9.— Section 12, Williamstown, Maori Hill, with 2- roomed stcno house and good garden. Upset price, £120 ; brought upset price. Lot 10. — Three sections in the township of Waihola ; two of them corner sections. Upse price, £15 for the three ; brought £21.

Messrs Deiveb, Stewabt, and Co. report aa follows, for the week ending March 18th:— Fat Cattle. — Only about 20 head of inferior quality were yarded. We had 50 head due at the yards to-day — and, having got out of the paddocks last night, could not be got together in time for sale to-day ; and they will therefore be offered to-morrow at 2 o'clock. We have no alteration to make in our late quotations— say 20a per lOOlbs for prime quality, and from 16 j to 17» 6d for ordinary. Fat Sheep. — About 1500 of various sorts were penned, of which about 1200 were sold — half-breds realising from 12a to 12a 6d each ; merinos, 9a to 9a 6d. We sold at the yards about 250, and have placed 500 privately at our quotations. Prime half-breds are worth 2£d ; merinos, 2d to 2&d. Fat Lambs. — 70 were penned, and sold from 6s 6d for shorn to 9s 9d for lambs in the wool. We sold 40 at the yards, and hare placed a small lot privately. Store Cattle. — There is a fair enquiry for quiet grown bullocks and cows, at L 3 10s to L 4 10s for the former, and L 2 10a to L 3 10s for the latter. We Bold 170 at above rates. Store Sheep. — We still have numerous enquiries for almost every description of sheep, particularly young merino ewea and half-breds, and have sold during the week 8000 at our quotations — say, merino ewes, from 6s 6d to 7s ; do, full-mouthed, 5s ; do lambs, 6s to 6s 6d ; croßß-brede, from 9s to 10s ; do lambs, 7s 6d to Bs. Horses. — We have during the week sold on account of Henry Hill, Esq., of Wantwood Station, Mataura, his imported Clydesdale horse Young Prince of Wales to Robert Hamilton, Esq., of Southland, for the sum of L9OO ; and have also placed several first-class hackneys and carriage pairs. We beg to intimate that we shall hold an import'int sale of thorough-bred hacks and buggy and carriage pairs, at the Commercial Yards, on Friday, the 27th inst. Wool.— By the Otago at the Bluff to-day we have telegraphic advices to 7th inst. as follows : — The opening competition at the wool sales is well maintained. Faulty descriptions are lower. At auction to-day we offered about 500 bales, but owing to the departure of the mail preventing buyers from fully examining the various lots catalogued, all were withdrawn with the exception of the Ben Ohou clip of 350 bales, which was sold at 10£ d per lb for fleece wool and halfbred wethers respectively, for locks and pieces Sheepskins. — There was a full attendance of buyers, but bidding was languid, and the prices obtained showed little, if any, improvement on those current at last sale. Full wool merino skins sold at 4s 4d to 5s 6d ; cross-breds, at 5a 2d to 6s 3d ; medium skins, at 2s 2d to 3a 9d ; this season's skins, at 9d to Is 7d ; lambs' skins, at Is 6d to Hides and Tallow.— None offered. Grain. There is no alteration to note in the market. Wheat is enquired for, both for shipment and local consumption, and is saleable at 4s 9d to ss. Oats. — Good old oats are very scarce, and command extreme prices ; but few ore offering. Sales have been made at up to 4s 4d. New oats are wanted by speculative buyers, but the prices asked prevent business boing done. Good samples, we should say, woald find buyers at about 3s 9d for forward delivery in town.