COMMERCIAL.

Otago Daily Times, Issue 3862, 3 July 1874, Page 2

COMMERCIAL.

Daily Times Office, Thursday evening. -Tie amount of Customs Revenue received to-day on .'oods entered for consumption was as follows: -

Messrs J. akd A. Maclkan report, for the week ending 2nd July, as follows: — Fat Cattle.—The large number of ICO head were forward, the most of which were only medium quality. 130 head were sold, the balance turned out. A few pens of prime quality beef realised full rates, averaging from 24a to 20a per 1001b. Our miles consisted of 35 head, on'account of Messrs Miller, Petrie, Robinson, and other*, which were taken by the trade at from £6 10s to £9 2s (id for bullocks, and from £4 10s to £G for cows. We quote really prime beef 25s to 27s (id per lOOlbs, medium and inferior 15s to 20s. ; Fat Sheep.—The supply of this description of stock was also large, about 1500 of all sorts being- penned. Only about half the number found purchasers, the balance being- turned out. Those sold realised —For half-breds, 12s to 15s each; merinos, 7s to Set. Wo quote prime quality cross-bred mutton, 2Jd to 3d per 1b ; do merino, 2id. Fat Calves. —A email lot of medium quality were forward, which realised from 30s to 40a each. : Store Cattle.—We quote good well conditioned cattle at from £8 10s to £4 for bullocks, and from £2 10s to £3 for cows. Mixed herds, 40s to 50s, according to breeding and condition. We have no transactions to report for the week.

Store Sheep.—We have had several enquiries during the week for merino ewes and wethers, also cross-bred ewes in lamb and wethentj" and have placed several lots under offer. We quote full-mouthed merino ewes _ ill lamb to Leicestors, 4s 6d to 5s Cd; 4-tooth half-bred wethers, 10s to 11s ; cross-bred ewes, 12s Cd to 14s.

Grain.—iVTieat is .still in active demand, and prime samples are enquired for at from 4s 6d to 4s 9d per bushel; medium and inferior, 4s to 4s sd. Barley, prime malting samples are wanted, at from 5s to 5s 3d; medium, 4s 3d to 4k Cd. Oats are still actively enquired for, with few offering, at from 4s to?4s 3d, for good feed.. Milling samples, 4s 4d to 4s (id. We have sold during the week several lines of wheat, oats, and barley at above quotations, for shipment.

Messrs Conkell akd Moodib report for the quarter endiug the 30th June, as follows:— , ; Notwithstanding the opening of blocks of waste lauds on the deferred payments' system/improved country lands, with good means of access,are saleable at high rates. .

We have recently sold the River Bank Farm, Clutha district, 258 acres, partly improved, the property of Mr Daniel Dunlop, to Mr. Win. Hay, at £4 per acre. ' The Mount llellevue Farm, Warepa District, 315; acres, partly improved, the property of Mr G. Taylor, to Mr John Geggie, at £4 2s (3d per acre. :

The Lambourne Estate, situate:at the confluence of the i.'lutha and Pomahaka Rivers, the property of Mr R. G. Wilson, area ISO 7 acres, at £5. per acre. Land partly improved. . .

We also notice the sale outside of the property of Messrs Maitland, fronting- the Clutha River, to Jlr A. Begg of Anderson's Bay, area 17,000 acres, at £3 per acre. Land also partly improved.

These rates we cannot but look upon as highly encouraging to owners of improved country freeholds.

In suburban lands the owners appear dispo-ed to hold for extreme prices. Last month we offered (on behalf of one of; our principals) above £20,000, or at the rate of £150 por acre, for a parcel a little over 130 acres, but the negotiation fell through on the matter of terms.

Town property has advanced to what may he regarded as extreme prices, especially for choice business sites. We have sold the ground and building lately occupied by David Baxter,and Co., with frontage to High 6trei=t of 25 feet, by depth of 40 feet'(opposite; Railway Station) to the Dunedin Savings Bank, for £3000; and we learn that the Colonial Bank has purchased the ground and building now used as offices by Messrs-Driver, Stewart, and Co., from Mr B. Hallen-; stein (40 feet frontage, by 60 feet depth), for the sum ; of.ifiGOOO. Really good building sites for private residences.are scarce within the limits of cityboundary, at; from £200 to £400 per quarter acre, and for small sub-; divisions a rate even higher has been obtained. Goodi suburban sites close to town are scarce, at from £100; to £200 per quarter-acre.- We-have sold at the latter; rtite within the last week. '.'". ; . . .. '

The Money Market.—TheT capital available for in-i .vestment on real securities has been, during the past: quarter,'rapidly'absorbed, and the market is now, almost.bare of any .very large sums. Six months agoi _we foundit'difficult to find desirable outlet for large' sums at anything over "six per cent.-,'iiow, we have enquiries we are unable to satisfy. We quote interest,; on good freehold /security,; to-day, 'at 1h per cent, for; large, and 8 per cent, for small sums, with'money scarce, j We cannot at present.see any. likelihood,. of interest'; falling: • A large portion: of local capital'will be en-i gaged in the operations and business of the new Colo-j nial Bank, and a considerable amount mil have disap- i peared in unsuccessful Joint Stock enterprise. We also; j understand that the various Banks and money lending; Joint Stock Companies have their capital fully engaged.; .Mr Bkadshaw reports the following cash transactions! for yesterday:—Sales—National Insurauce Co. shares,! £110S ; South British Insurance Co., £2 9s. j

Brandy .. Whisky do Col. Sonera .. Rum Wine .. ..187 19 0 Tea ..6610 9 Sugar .. ..102 8 5 Tobacco.. ..78 7 6 Cigars .. .. 05 15 2 Drapery .. .. 20 13 9 Sundries.. ..2<56 C'9 ..203 15 7 ..3S3 7 2 .. SI 15 0 .. 35 13 9 ..270 13 i Total £1774 5 6