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COMMERCIAL.

Messrs H. Matson and Co. held a large auction sale of land at their rooms on Saturday last, Mr. Walton presided as auctioneer. The first property offered was 441 and 489 acres of land at Dromore. There was an immensely large attendance, but the biddings were not very spirited. The Dromore property failed to realise the reserve of the owner, and was bought in at L2 per acre. A farm of 520 acres, with house and improvements, at Dunsandel, was next offered, but bought in at L 4 per acre. The next property offered was the large properties in the estate of the late John Joyce. Considerable animation was shown in this portion of the sale. The first lot was 50 acres in the Lceston district, which fell to the bid of Mr. George Stevens, of Irwell, at LlB par aero. The next lot was 25 acres, also in the Leeston District, which was purchased by Mr S. McLeary, of Brooki-ide, at LlB per acre. The Lease of 157 acres, Educational Reserves No. 71G, having about seven years to run at a rental of 6s. per acre, was purchased by Mr. Walter Hartnall, of the Rakaia, at L 402 10s. The next lotoffered was 200 acres of land at Wakanui, •with dwelling house, and was knocked

down to Mr. D. Wilson, of Wakanui, at Lll 10s. per acre. The next lot of 364 acres at Upper Ashburton, fell to tlie bid of Mr. Ullyatt, for L 7 per acre. The next lot, 287 acres, sold to Mr. D. Wilson, of Wakanui, ot L 4 19s. 6d. per acre. The total amount of tho sale was L 7711 12s. 6d.

[by telegraph.]

Wellington, April 13. The New Zealand Loan and Mercantile Agency Company report, under date London, April 10th :—Tallow, no trade demand. The market is overstocked. Stocks of all sorts, 19,000 casks. Best mutton is worth S4s. and beef 335. per cwt. Leather—Best sides showed Is. 4d. decline on previous rates, others in proportion. 4,000 sides Australasian have been sold since last report.

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COMMERCIAL. Ashburton Guardian, Volume 1, Issue 87, 15 April 1880

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