COMMERCIAL.

Evening Star, Issue 4894, 7 November 1878, Page 3

COMMERCIAL.

The amount of revenue received at the Customboose on roods 'cleared tide day (or consumption was Ll.llO 13s lid. In its money article, the * Dunedin Prices Current 1 says: “ No ill effects have as yet been leit in con* sequence of the fail ire of the City of Glasgow Bank, and wo are inclined to believe that should unpleasant results follow they will be principally ouflnod to small tradesmen, who may have been bitten by the land purchase mania and have gone beyond their depth. These will probably feel the effect of any temporaiy depreciation in the value of land that may bo caused by a forced realisation of the New 1 Zealand land securities of the Glasgow Bank" The report of the Mosgiel Woollen Factory will show a very satisfactory state of things. After allowing fully for depreciation and bad debts, a dividend of tea per cent will be recommended to the directors. Mr HmfhrDßlvlk (on behalf of the N.'Z. L. and M. A. Co'. Limited) reports for the week ending NoVemßer 6:— , Wooi.-rThe next London woe] salea aro fixed for the 10th4h« tffilfr,, p'hjch 1 are hot, Jlkely.lidbe improved by, the large quantity KKlfd sales, making altogether 180,000 bales for the closing sales

of the year. Shearing has commenced pretty generally in the earlier districts amongst paddock sheep, the wool turning off in sounder condition than was expected.

Sheepskins.—At our weekly auction on Monday we catalogued 1,000 skins, which were in much brisker demand than the previous week, and realised fully higher rates. Butchers’ croes-breds realised from 5s t» ss 7d; merinoes, is Id to 4s sd. Hides.—We canuot quote any improvement in prices or demand; best heavies bring 3Jd per lb. Tallow—Supply small; medium mixed, 25s 6d per cwt; inferior, 225; rough fat, 21s. Grain.—Wheat: Market is quite stagnant, buyers and sellers holding aloof from doing business. Stocks are getting lighter at the outsorts. In Dune Jin there is none, excepting in one or "two millers’ hands ; but unless a more active export demand arises both for flour and wheat no improvement can be expectel. Nominal quotations for prime milling, 4s to 4s 2d. 0 its; There is a steady demand for this grain, both tor local consumption and export, at 4s to 4s Id for good feed; milling, 4s 2d. Barley: Late arrivals have supplied present demand. Prices arc nominally unaltered—6s to 6s Cd for good malting : feed, 4s to 4s 6d. 6 Sales of Property. Messrs Wright, Stephenson and Co. report tho sale privately, on account of Messrs Coskery and Reid, of their Trotter’s Creek farm, consisting of 248 acres more or less, together with ttio Karligi Hotel, house, outbuildings, and crops, for L 9 15s per acre, to Mr W. S. 1 rotter; also, on account of tho proprietors of the Warepa estate, section 12, containing 12Sa 2r 3p, to Mr W. Samson.

Mr Martin held a sale yesterday at Gore of Government lands. There was a largo attendance, and most of the sections offered fetched good prices, as follows: Chatton—section 16, block 11 (200 acres), John Watt, L* an acre; section 18, block 10 (299 acres), A. Mellick, L 5 8s ; section 1, block 12, Mary Ann Styles, Lll 2s 6d. Gore—Section 8, block 6, George Wilson, Ll7 15s; section 0, block 0, Thomas Henderson, L 9 6s. (These three sections are town lands.) Suburban lands at Gore fetched from L 6 to L 24 an acre ; in Waipahi town sections from L 7 10s to LI 7 ; in Wyndham from L 8 to L 29, and suburban from L 5 to LlB an acre ; in Waikawa town sections from L 7 10s to Ll2 10s ; in Kelso from LlO to L3B; in Waikaia from L 7 10s to L20,10s for town sections, and from L2 to LlO anjacre for suburban. At Waikaia—section 1, block 6 (47 acres), John Gall, L 3 5s ; section 2, block 6 (64 acres), John M'Kellar, L2 ; section 3, block 6 (53 acres!, John M'Kellar, L2; section 5,. block 6 (10 acres), John M'Kellar, L2; section 4, block 6 (200 acres), Hugh M'lntyre, L2 10s ; section 9, block 10 (97 acres), Thos. Moodic, LI 15s. Waipahi—Section 7, block 15 (200 acres), W. J. Thomson, LI. Chatton —Section 4, block 13 (195 acres), J. R. Elder, L 3 5s ; section 5, block 13 (76 acres), J. R. Elder, L2; section 6, block 14 (200 acres), Thomas Green, L2. Slopedown—Section 11, block 3 (200 acres), John Templeton, L2 17s 6d; section 12, block 3 (200 acres), Tolmic and M'Lean, LI .6s ; section 0, block 2 (201 acres), Thomas Trumble, LI; section 2, block 6 (395 acres), J. Thornhill, LI; section 3, block 6 (431 acres), J. Thornhill, LI; section 3, block 6 (431 acres), J. Thornhill, LI. Wyndham— Sec*aon 63, block 9 (128 acres), Gillies, Street, and His. Ip, L 6 ss. Kunwao—Section 4, block 5 (198 acres), W. J. Thomson, LI. Glenkenich—Section .19, block 16 (6 acres), Thomas Moodic, L 7 10s.—‘Daily Times.' fßr Thlborapii. ] Lovdok, November 2.—The monetary crisis has passed, and the money market is easier. The rate of discount is failing, and tho bank reserve is steadily rising. Consols have risen one quarter per cent., and Australian securities are slowly recovering. The new Egyptian loan amounts to L 8,500,000. Wheat is firmer. New Zealand wheat is selling, according to quality, at from 43s to 47s per 49311.