COMMERCIAL.

Evening Star, Issue 12027, 27 October 1903, Page 6

COMMERCIAL.

In another column will be found the announcement of a land safe to be held in the Gisbome district in the middle of December, when the Whataupoko Estate, of 4,000 acres, the property of the late Mr Pexdval Barker, wfll be subdivided and pot into the market. The hloek is a portion of the richest of the Poverty Bay fiats, and is said to be admirably adapted for dairying, fattening, cropping, etc. It is situate within four unles of Gisborne, and is. close to the freezing works, dairy factories, and bacon factory. It wfll be offered in lot/* to suit all classes of purchasers.

According to a report of the general management of Roumanian Railways, quoted by the United States Ccnsul-Generai at Frankfort, 342 locomotives out of a total of 402 are designed to use either residue of petroleum or brown coal; seventeen locomotives use residue of petroleum exclusively. H.M. Cansul-General at Frankfort alludes to the widespread interest aroused by the "First General Meeting of Bankers," which met at Frankfort on the 19th and 20th September. The chief subject debated was the 'Revision of the Stock Exchange Laays' as at present in force. Resolutions were unanimously passed demsxxling Ike total abolitinn of the Stock Exchange registers for time bargains, atking also that time bargains should again be permitted in mining and industrial shares, in com and mill produce. Siioold such summary measures prove bevtmd an immediate and practicable application, it was demanded that at least the fallowing concessions be immediately enforced:—(l) The number of these classes to be extended which could conclude legally binding time bargains; (2) that rime bargains include only such bargains to which the definition of the law of 1896 is applicable; (3) that the period during which time bargains conld be pleaded lie Bmrled by law; (4) that securities given in cojmection with time bargains be valid and irrevocable.

STOCK SALES

Press Association—By Telegraph—Copyright.

SYDNEY. October 26.

At the Homebush sales the demand was strong art improved values for sheep. Best TFethers realised 235; extra, 255; good. 21s ; ewes, 19s to 20s 8d: best bullocks,' £l2: extra, £l3 15s; good, £11: best cows, £8 15s ; extra. £10; good. £8 ; best beef, 23s per 1001b. TOE HOME MARKETS. The Department of Industries and Commerce have received the following cablegram from the Agent-General, dated London, October 26 :—Mattcn: Market dull and unsettled, with an inclination on the part of holders to force sales. The slackness of demand is due to the continued cheapness of beef. The average prices to-day are: Canterbury brand, from 4.1 to 4^d: Drinedin, Southland, and W.M. K. Company brands, 3|d; other North Island brand-, There is no alteration in the lamb market since last week. The beef marki-i: is dull, and quotations fo>- New Zealand are only nominal. Hindquarters. s|d : for-s. 24,d\ The butter market is firm. Choicest Danish. 120.-;; New Zealand (slaw of sain). 1025,; choicest first new season's Australian 108s per cwt. Cheese (spot): Market

steady at quotations cabled last week. cautious, and the demand very limited. The hemp market is quiet, and the price good. Fair Wellington on the spot to-day is nominally £32 per ton; October to December shipment, £3l to £3l 10s. The cocksfoot market is firm, but Htfie business is doing. The average price for bright, clean New Zealand seed, wagfaW 171b per bushel, on the snot, is 50s per cwt.