COMMERCIAL SUMMARY.

Otago Daily Times, Issue 12813, 6 November 1903, Page 1 (Supplement)

COMMERCIAL SUMMARY.

Thursday Evening, November 5. MONEY AXD TKADK. Buying.—Demand, jj per cent, discount; 30 days, J per cent, discount) 60 days,. I per cent, discount; 90 days, If per cent, discount. Soiling.—Demaud H per cent, premium; 30 days, 1 per cent, premium; 60 days, j per cent, premium; 90 days, i per cont. premium. Telegraphic Transfers to London.—2ss per cent., plus cablo charges. Deposits.—By Bank of New Zealand: Fixed for three months, 1 per cent, per annum; six months. 2 per cent, per annum; K months, 3 per cent, per annum; 24 months, 3i per cent, per annum. By National Bank: Fixed for threo months, 1 per cent, per annum; 6 months, 2 per cont. per annum; 12 months, 3 per cent, per annum;' 24 monfJis, i' 2 per cent, per annum. By Australian banks: Fixed for six months, 1J per cent, per annum; 12 months, 3 per cent, per annum. Presumably owing to more favourable advices from London, (he Premier lias roducod the maximum rate of interest on all loans to be raised within tho colony from 5 to 4£ per cent. On tho other hand, we have tho opinion expressed by Mr Harold Bcauqhamp, of Wellington, as the result of his visit to Europe, that any further fall in gilt-edge securities would bo likely to preoipitato an unparalleled financial crisis. Indications of the stringency in the Australian money market is found in the fact that *ho New South Wales banks have recently raised their rates | per cent, all round. Local indications are in the direo-

tidn of a more restricted supply of money and a consequent firming in the ratee. Evidence of this is scon in the (net Hint companies with loan money at their disposal are now asking 5 per cent., instead of 4| as formerly. Business last month was rathor above the average in volume, and financially it was highly satisfactory. Traders are looking forward to a brisk demand for the Christmas season. BHEADSTCFFS. Tho local wheat market continues on the down grade, holders of northern wheat manifesting considerable anxiety to quit their ctoeks, this being especially the case 'with ono or two speculators. Millers, however, have no confidence in the market, and this, added to tho unsatisfactory position of flour, causes them to restrict their purchases to immediate needs; consequently transactions are small, but all are in buyers' favour. Sales of prime red wheat are reported at 3s 7(1, on trucks—a drop of Id to ljtl per bushel. Pearl and velvet are not offering too freely, bui small lines are obtainable at equal to 4s, delivered Dunedin. The uncertainty which has characterised the local flour market for tho past fortnight is now at an end. As the result ot a conference of millers, at which the general manager of the New Zealand Pjotirmiiiers' Association was present, a dcoision was arrived at which will put an end to tho present unsatisfactory condition of the trade in 50's. For some time pa? f - individual millers have been selling direct to storekeepers, and to a largo extent making prices and terms to suit their customers. Tho keenneas of competition has led to a good deal of cutting, and the business Ims proved very unprofitable. Under the arrangement arrived at nil the associated' millers have agreed to put their sales of 50's through (he association, and the prioe and terms will once more be regulated by the- price of sacks. The prire of 50's, therefore, now stands at £10 15s. less 2i per cent, Tlie price of sacks remains at £10 10s for 100's and £11 for 25's, and the shipping price continues at £9 5s per ton, f.o.b. It ie understood that the free millers will keep tlie same prices and terms, although they will continue to sell direct to their customers. The threatened fall in the prico of flour Iras therefore been averted, and so Ion? as tho wheat market continues at about the same level flour should keep stationary.

The- offal market is again weaker. Bran is quoted at £2 7s 6d. f.0.b., for shipment, and £2 15s for local orders. Pollard remains unchanged at £3 10s locally and £3, f.0.b., for shipment.' Chich wheat is also easier, and'tho current quotation for good whole fowl feed is 3s Id to 3s lid. ■The oat market shows no improvement, and the absence of outside orders keeps business very quiet. Current local quotations are: B grade and Danish, Is 3d 'to Is 3Jd; bright Ga-rtons, Is 4Jd; and A grade, Is sd. Inferior and discoloured are offering at from 6il por bushel upwards, but without meeting with any buyers. Oatmeal shows, on easier tendency, and although some, brands aro still quoted at £8 10s for 25's, sales have been made at £8, for shipment. Penrl barley is unchanged at £13 to £13 10a por ton. PRODUCE MABKET. The potato market has suffered a severe slump, and indications point to yet lower prices. The fine weather has brought the new.potatoes on the market in considerable quantities, and this has alarmed holders of old potatoes and made thorn anxious to sell. Buyers are, however, holding off, and the result is not far to seek. New potatoes from the north are offering at from 8s to 10s per owt, rounds and inferior selling at as low as 4s. Supplies of old potatoes are in excess of demand, and prime .Oamaru Derivonts will not now command more than £2 7s 6d; Canterburys selling at. £1 15s to £2 per ton. There has been a small inquiry for cheese for Australia, and the order has been filled at SJcl not, which shows a slightly easior market. New cheese is expected to be on the market in about a month's time. There is nothing fresh to report in tho butter export market. The local butter market keeps easy. Dairy bufbor is in over supply, and considerable quantities are being milled. Current quotations are a3 follow: —Dairy, Sid to li; salt, 7d to Si; farmers' separa-tor,-9d; first-grado factory, 10d for bulk ond IOJd for pats. Cheese, 6d for Akaroa and 6id for prime factory. Although eggs are in plentiful supply they still keep up to 10d per dozen. Pigs are more olentiful. Baconers (up to 1601b), 5Jd to s£d per lb; overweights, 3£d to 1 4id. ' Bacon is in short supply. Prime rolls are quoted at BJd. Ham keeps firm. North Island hams are quoted at &|d to 9d. local cured at 9d to 9id.

Chaff is without change, and prime oaten sheaf can bo quoted at up to £3 2s 6d. Medium and inferior is practically unsaleable. AT.E AND BTODT. (Duty: 2s per gallon, or 4a per dozen.) All tho leading brands are in good supply, and values are unchanged. Following is the agonts' list of prices, the quotations being for ordinary lots per dozen quarts,- all duty paid:—Alo: Read's Dog's Head, 13s to 13e 6d; Porter's Bull Dog, 12s 6d;' Foster's 12s; Burke's 12e; Tennant's, 11s 6d to 12s; Toungflr's, 11s 6d; M'Ewan's, 11s; Ililer and Bell's, 10s 6d. Stout: Read's Dog's Hoad, 13s to 13s 6d; Porter's Bull, Dog, 12s to 12s 6cl; Burke's, 12s 6d to 12s 9d;. Johnson's, 11s 6d to 12s; Hall's Boor's Head, 12?; Foster's, Uβ 9d; Tennant's Us -to 11s hi. BAGGING. (Woolpacke and.cornsaoks: Free.) Cable advice has been received of a rise of 2d in cornsaoks, both for 44's and 48's, which brings tho c.i.f. price of 44's up.to 5s 2id and of 48's up to 5s 5Jd. New Zealand buyers are, however, still declining to operate in the hope of easier prices. Local quotations are, nominally—Cornsacks, 5s 3d for 44's, and woolpacks 2s each. OASDLBS. (Duty: ldperlb.) There is no alteration in the price of local candles, and the manufacturers' tariff stands as undor:—Mining, 6id per lb; Standard,. 6Jd; .Composites (plain and fluted), 5Jd; Gold Medal and Exhibition, 6d; Masmet, Ducal Paraffin, and Superior Was Paraffin, 53d; Brilliants, 5Jd; Adamants, sd; Prize Medal and Electrics and Rockets, 4Jd. Those rates are subject to a sliding scale of diecount, according to quantity purchased. For Burmese candlea 6d per lb is being asked. Of other imported brands Ogston's Aberdeen candles are selling freely at 6d to 6id. Price's brands are very scarce. They arc quoted at the following rates: —For London sperms,'6id ■to 6Jd (duty paid), end London wax and paraffins at 6Jd; De Roubaix Jonar are quoted at 7Jd to 7id per lb.

CEMENT. (Duty: 2s per barrel.) Cement is still in very short supply, and the scarcity keeps the market, firm. The lowest current quotation is Us 6d per barrel, ex etore. DRIED 7RDIT3. (Duty: Currants and raisins, Id per lb; figs, nuts, shell almonds, evaporated apples, prunes, and dates, 2d per lb; Jordan almonds, 3d per lb; Sicily almonds, ■ free.) Latest cablos from London in reference to dried frmV state that currants are firmer and sultanas slightly easier, whilst quotations for figs are higher. The Ventura brought supplies of new Californian seeded raisins, muscatels, and prunes. The seeded raisins aro costing at least 6d per dozen more than last year, and they are being quoted at 63 6d to 6s 9d per dozen for 16oz cartons. The new prunes are quoted at sid, or in packets at 6s 3d to 6s 6d, but ns later quotations from 'Frisco show an advance it is .probable that .values will advance locally. Now Californian muscatels aro quoted at 10d in 51b trays and 9d in 101b trays. Further supplies of tinned fruits 'also came to hand in the same boat, and these are quoted:—Water goods, 7s 6d to 8s; .Standards, 8s 6d to 93; and extra Standards, up'to 10s for assorted lots. Latest advices are to the effect that new season's Singapore pineapples, duo in about a month or six weeks' time, will cost 5s 9d io land. Some lilb .tins are on the market, and are quoted at 55.. The Flensburg, which is now duo in Melbourne, brings large supplies of now currants, sultanas, and figs for this market. It.is unlikely that the transhipments will catch the New Zealand boat leaving this week, and it will probably bo the middle of th« month before the new fruit is available. ■ The opening prices havo been fixed as follow:—Now currants, 3jd; new sultanas, 4jd-; and figs (in layers), 6id, bags 5Jd, and boxes 63 to 6s 6d. No advice is yet to hand concerning new Valeceias, cither as to price, quality, or date of shipment. . Indications point to almonds being 'more reasonable in price than last year, 'and in the meantime merchants are working off stocks at 2s 3d for Jordans and lid for Sieilys. Fisn. (Duty: Dried, pickled, or salted, ]0s per ewt: potted or preserved, 2d per lb; paste, 20 per cent, ad vnlnrem.l Much to the disappointment of importers, thwo was very little Vancouver salmon for this market, on board the last boat. As there is no Vancouver boat leaving this month further supplies .of Vancouver salmon will not -be-available until the middle of December. The disappointment is all tho greater as merchants .were relying on (lip fact that thc-ir Vancouver contracts had Ireen mado before tho recent riso in price. It remains to l>o seen how far tho existing scarcity of salmon will. he relieved from other sources t.jiua prevails,.

as to the future trend of the ealmon market, but indications all point to higher prices, ! and merchants are inclined to hold for full prices. Flats are quoted at 10s to lfe Bd, and tails at 9.5 to 9s 3d, a few Cohoes (tails) Offering at 8s 6d. Other quotations are as follow —Herrings in tomato and kippered herrings, 7s 9d to Bsi. fresh herrings, 6s 3d- ling (Morton's), 6d per lb; eardincs, .rood quality, halves 6s and fe 6d, and quarters 3s 6d to *s; smoked sardines, 9s for halves and 5s 3d for quarters, white herrings 21s for 2-100'b and 30s to 32s for two dozens; red herrings,'2os for 2-100), 17s for one dozen; American cod fish, agd to DJd. HOPS. (Duty: 6d per lb.) There is overy indication of very high prices ruling for hops this season. Sydney advices state:—"A movement was on foot to concentrate stocks of New Zealand hope. Small parcels of those are being offered at Is Bid duty paid, but Iβ 3d f.o.b. Nelson is the rate asked there foi' choicest. Tas--manians remain at Is 7d. New Californians are on the market, 2s duty paid being the' figure. New Kents will open at about tha same figure as last year." Owing to the high rate ruling, it is unlikely that any Californian or new Kents will be brought on this market this season. SIETAL3. (Duty: Galvanised iron, £2 per ton; fencing wire, and barbed wire, free.). There- is no change in the iron and hardware market, and current quotation aro aa follow :-Ingot tin, for colonial, Is sd; Lamb and Flog, is 6d, and ingot copper, 76s to 78s. Sheet lead, £19, with the usual extras; pig lead,. 16s. Tin plates, 17s 6d — this ■ . price being shaded for parcels; wire netting, £21; bar iron, £11; shoeing bdre,£l2 for ordinary brands; Netherton's, 203, and 8.8. H. 30s' extra; iron hoops, £13 10s; steel plates, £13; steel angles £12 10s; teo bars, £13: barbed wire, £14 10s .to £15; fencing wire, ordinary brands, No. 8, £9 sa, special brands,- £9 10s; galvanised iron,' £19; pig iron, £5 5s per ton. ■ oris. (Duty: Kerosene, free; other oils, 6d pet gallon.) The Colonial Oil Company has advanced the ex store price of kerosene from lid to llgd per gallon. They are quoting kerosene to arrive ex Alice,-now due, at Hid per gallon, ox wharf. The price of the Borneo oil has also been advanced to 10|d per gallon.' There is a great scarcity of turpentine, and the supplies on board the Alice, now overdue, are all sold to ■ arrive. For the small stocks available as high as 5s 6d has been paid. The Colonial Oil Company quotes as follows:—Benzine, Is M;. naphtha, Is 6d; and gasoline, 2s Id. These are all wholesale distributing prices for net spot cash and without rebate.. Linseed ■ oil is easier at 3s lid for raw, and 4s for ' boiled, duty paid, for small lots. Castor oil is easier, owing to the low quotations now ruling in Calcutta, and distributors ore quitting stocks at 3s to 3s 2d. > oilmen's stobes, etc. Oable advice has been received of another rise in canary seed of £6 10s .pet ton, which brings the current quotation up to £26 10s, duty paid, ne-t, delivered. Some local importers nave stocks now landing and on the water, purchased some time eince at between £17 and £18 per ton, so that the . rise is all in their favour. Last year canary v •seed was sold at up to £27 per ton. The Rangatira brings the first shipment of . " Cream of tartar substitute," an article now coming largely into uee at Home. The sample has been tried here, and has given the greatest satisfaction, the difference tetweon the original and the substitute being hardly noticeable. Tartaric acid has advanced 2d per lb. Tjhe market is fairly well supplied with all other leading linos, and current quotations are as. follow:—Milkmaid milk, 6s 6d; Colman's' starch, s|d . to sjd; Hudson's soap extracts, 38s; .Neave's food, 10s to 103 3d; Keillor's marmaladelib 7s 3d to 7s 6d, 2!b 13s 6d; Borwick's , baking powder, 5s 3d; Crosse and Blackwell's marmalade—lib jars 7s 9d to Bs, 216 jars Uβ to Mβ 6d, lib tin? 6s 6d; Lucca oil, 28s; Day and Martin's blacking, 3s 3d to 3s 6d; Morton's capers, ss; curry, 5s 6d; salad oil, 5s and 8s; and castor oil, 3s 9d and 6s 6d.

ntoE. (Dtity: Free.) l There is practically only one holder of Patna rice, and the price has been advanced from £18 to £18 10s per ton. The new Patna will not be here until January. N«f Japan rice is selling to arrive fit the beginning of December at from £14- to £14 10s. Local stocks are light, and £15 15s is the ourreni quotation for No. 1 table rice, although some second quality is offering ai £14 10s per ton. SAGO AND TAPIOOA. (Duty: Free.) Owing to increased cost in the market of produotion the price ,of sago and tapioca has been advanced. Sago aud pearl tapioca, are now quoted at 12s, and flake tapioca at 13s per owt. SALT. (Duty: Free.) An average business is passing in ealt, and quotations are unaltered, as follows:—Liverpool, 60s to 655; Adelaide— CaeHe. (extra fine). 55s to 60s; pi? (coarse), 50s to 52s 6d; Black Horse, 67a 6d to 70s, according to quantity. sugar. • (Duty: id perlb.) ! The Colonial Sugar Company has reduced the price of sugar by 10s per ton, and its tariff now stands as follows:—Finest white (1 and Iα), £15 7e 6d per ton, in bond, for five-ton parcels; £15 10s per ton, in bond, for three-ton parcols; and* £20 15s per ton, duty paid, for smaller quantities. No. 2 is quoted at 10s per ton lower than above prices—viz., £20 ss, duty paid,—and brewers' crystals 15s -per ton higher—viz., £21 10s, duty paid. SOAP. (Duty: Yellow soap, 5s per owt; fancy] soaps, 25 per cent., ad valorem.) There has been no alteration ia the prie* of soap, and the local mapufao-" turers' tariff stands as follows:—Household, £13 per ton; Three Crown, £14 per ton; Prize Medal, £20 per ton. Laundrine, £22 per ton. These rate 3 are subject to ft sliding scale of discount, according to tb.o quantities purchased. SPIBITR. (Duty: Bulk, 16s per gallon; proof, bottled, 16s per gallon.) Tho whisky trade is normal, and prices remain unchanged. Aβ an index to market values we quote the following agonts , liet:—Brandies: Henneesy's, 37s 6d to 38s per caso; Martell's, 36s to 37s per case; Denis Mounie'e, '31e per gallon, and 22s 6d per case; Boomerang,' 22s for parcels, in bond, 553 per single caso, duty paid. Whiskies: 'Thorn and Cameron'B Old Highland, 7s to -7e 6d per gallon; Dewar's Special, 7s /6d per gallon; Loehiel, 7s 6d per gallon; D.C.L., 7s 6d per gallon; Ben MaoDbui, 7s per gallon; Old Ship, 7s per gallon. Case whiskies: Usher's Speoial Reserve, 22s 6d; D.C.L., 20s; Walker's WW, 20s; Gaelic Old Smuggler, 20s; Dewar's, 20s; Sanderson's, 20s; Buchanan's House of Commons, 20s; Old Ship, 20s; Usher's OVG 19s: Pnnville's, ■ 15s; Burke's. 15s! Crawford's 54s' (duty paid). Genevas: J.U.K.'A— Two gallons 9s, three gallons 12s 6d, four gallons 15s; Key—tiro gallons 8s 6d, three • gallons lie 6d,' four gallons 13s 6d; Burnett's Old Tom— 12 bottles 13s 6d, 14 bottles Hi 6d; Wolfe't Schnapps; 22s 6d; Gilbey's Schnapps, , 15j to 15s 6d; Gilbey's Dry Gin, 13s to 13s 6d. Lemon Hart's rum, 4s,to 4s 3d per gallon; Lamb's Imperial Rum, 3s 6d to 4a 6d per gallon; Lamb's' Golden Grove Rum, 6s to 6s 3d. • TIA, (Duty: 2d per lb.) The tea market keeps very firm, but the low freights, brought about by cutting , between outside stoamere and the regular liners, are all in favour of importers. : Business is practically confined to tho several packed blends. TOBACCO. (Duty: 3s 6d per lb.) Owing to the recent amalgamation between Wills and the American Tobacco Company the price of all Wills'a tobacco has been advanced 2d per lb. Wills's. tobacco, 2oz, ie now quoted at 03 Bd,. and Old Gold at tlie- same price. An average business is passing in tobaecoj and current quotations are as follow: Black tobaccos—Juno, Iβ 3d to Is ,4d, according to quantity; Derby, Iβ 8d lo lj.9d; Harlequin, Is 2Jd to Is 3R Havelock, Is 7Jd; New Venus, Is 3d to Is 4d. Aromatic tobaccos—T. ■C. Williams's Welcome Nugget. 2s 4d to 2s sd; Ruby Bird's Eye Twist, 2s 4d to 2s 5dT. C. Williams'a Royal Colours, Is 10d to 2s; Victory, Is 10d to 2s; Golden Eagle, 2s to 2s 2d; Nosegay, Is 10d to 2s; Havelock, Is 9d to Is lOJd; Diadem, 2s. .

PKOPERTY SALES. The New Zealand Loan and Mercantile Agency Company (Limited), Gore, have to report as follows:—On Saturday, October 17, we offered at public auction part of section 11, block I, Waikaia, containing 42 acres 1 rood 25 poles, on account of the executors of. the late .John Klukofsky. The section was knocked down to Mr Michael Leitze at £5 10a per acre, and as it adjoins Mr Leitze , s present'farm it will prove a valuable addition to his holding, and the land has a good seam of coal on it. Messrs James Samson and Co. report having sold by auction on October 21 all that parcel of land, situated in the Sawyers' Bay district, being part of section 12 on the plan of said district, containing 77.2 poles (on account of tho Public Trustee and Mr J. D. Warden) to Jlr F. A. Piatts, solicitor, Port Chalmers (as agent), for £122. The properly was keenly com-

Ue3srs Wright. Stephenson, and Co. report ■having sold to Mr John ATwrnethy, of Central Ota"O; section 17, Caßtleiock- Estate, contaimng 302 acres, at the price of £& 10s per acre. IMS ■ Bection is fenced arid- dividea into two paddocks; it is all good agricultural luad, nnd • has all- been cultivated. .• It will make a very nice fann. . Messrs Wright, Stephenson,.and Co. report having sold, at a satisfactory price; to Jir Jame3 Butler, of Balfonr, on account of the Now Zealand Agricultural Company (Limited), section 540, Hokonui Survey District, contain-ing-313 acres,, and forming part of the Walinca . Estate. This is a fine piece of river flat land on the banks of the Mtfiaura Eiver. It is dry, warm, rich soil, rad all firsi-cisss wheat land. Messrs Siovwright Bros." end Co. held a sale of property id- their rooms on Snturday,;Ocfoher Section 40, block 11, Otago Peninsula district, containing 36 acres 2 roods, 12 pbUs, iogctber with r. six-roomed dwelling and outhouses, wits passed in at £2$ an acre. Messrs D. M. Pea and Co. ofisrtd ft Dumber of freehold arid leasehold properties for sale by auction at fteir rooms .on October 22 CAorj. was a good attendance' of buyer's, nnd competition was very keen, but in every case tho price offeree! fell a littlo short of tho reserve placed upon the property. Allotments 9 and 10,' Mock VII, at tile corner of Eskvale street and Queen's drive, Musselburgh, together with a seven-roomed house, was passed in ntiCOo,-the roservo being .fixed at » little j ■ above that figure. A leasehold containing ' 21 6-10 poles, aud situated in Hillside road, Kensington, together with seven-roomed house and shop, was passed in at £575; and allotment 33, sections 3 and i, block VI, Haywood street, Carisbrook, together with four-roonted' ■ house; was similarly disposed o' when bidding retfehed' £%, or ivithin £10 of tho amount asked. Allotments 90 atid 91, block VII, South Dunedin, at the comer of Anderson's" Esy road and M'Bride street, together with four-roomed louse, were passed in at £2%. .There was good inquiry for tho properties' at the conclusion of tho" sale, and it is expectdd that they will bo disposed , of privately. Messrs Park, Keyaolds, and Co., on October 2C, ; <)ffeted for Bale by auction a number of city bm! suburban propcrtiDS. In most instances ■ tidding failed' to reach the reserves placed on tho various .lbta.- A building site in George I street, South Dun'edini with 53ft frontage and L !23ft»depth, was secured by Mr E. Condon at ' ecostofi6o. Messfs Gxuhhos9 and LeCren (Limited), 'Waimite,. report the sale of Mr A. M. Bidder's property, containing 315 aores, to Mr G. Eliholair-ThomEon,' also, Mr Dim Kane's' ffflrln,'. of 60 acres, at Studholme, to Mr S. Cuntingham, at Very satisfactory prices. Messrs James Samson and Co. report having held a sale of prbpottios yesterday in the estate ofSwi lew, Port Cha.imeiß, with the. following, iWjHs:—For section 94, Beach street, Port Cbalm'ers (hear the bond), bidding started at £50' anil .advanced- to £85, at which price Mr WttsoH became the purchaser. Allotments 7, 9,18, lE* i 7, Township of Man9ford, Port Chalmen,- were sold to Mr LeSmby for j≤l3. For ftUottnoiits 5 and 0, block IV, Township of Grunt's Braes, containing 2r 2.4p, bidding Btftrted.at £5, and- after keen competition leached Bii, at which price Mr Flinders became the purchaser. Allotments i and 5, block ■YJI, containing lr 26p, and allotments G and 7, ypok Vilf Burnside Eaatj slnited at £50 and edVanoed to £75, at which figure Mr Bfls3 became tho purchaser. Allotments G, '7, and 8, hleolc.'tl, extension of Duntroon, containing 2r 24.3p, wore sold for £15 ss. The 70 shares Jn. {lie Commercial Property and Finn-nee Com.fyjnjf' (Limited) were soW to Mr Miller at 3s 6d.per" share. Also, on account of Mr Fitzgorald, the free-' hold, proporw, allotments 1 snd 7, sub. 1-3, i 21-25, blook VI, corner Main road nnd Oxford ptreot, Sdu'th DiinSdin, were sold to Mr Smith (ad Agfeiit) fdr ifilSS. . ~ . CM iiccoiint of tho Public Trustee, in the eslftte of John Eushlon, the allotments 77 and 78; nlotk J, township of Green Island, contaiiiiHg'33.9 poles, with dwelling of five rooms, ■wereoffered; Bidding started at and advanead by £10 .bids to i 220, at which fignre Mr Alexander Tdung becainb the purchaser. The Welling opposito the gardens and! Mr M'Lcan'if property ilt AbboWford were passed in. Tho Perpetual Trustees, Estate, and Agency Cdmpiiny held a property sale at their rooms on the 23th iilt., the sections offered for sole being situated at Broad Bay and at the Noith-East Valley. Tliefo was a good attendance of buyers, arid' buMing was fairly brisk. Sections 1, 2, and 9, block 1,. end sections 1/ 2, Hi and S, block 111, Township of Oban. Broad Bay, containing 1 acre 2 roods 31 poles, were sola to Mr James Dick for £170. Sections G and 7, block 111, corflfcining-haif on acre, in the same township were sold for £105, Mr John Norfgren being the purchaser.. Sections 11 and 12, block 111, Ascotvale, North-East Valley, were sold to Mrs A. Brown for £59. Tho balance of the sections in Ascotvale were passed iri. Messrs Wrigbt, Stephenson, pd Co. report having sold at a satisfactory price, on account of the New Zealand Agricultural Company " (Liinitod), to Mr j. A. West (6f BaHour), sectionn 7, 8, 9, and 10, block VII. Black Siriimp Sl'.rvcy, boing phrt of Waimea Estate, and containing in all 772 acres. This is- a block of fine agricultural land, and Mr We3t cannot help •' dolnj well with it. Messrs Wright, Steplidnaon, and Cα report having Eold. oh account of the proprietors of Castletock Estate, to Mr Malcolm M'Lennan (of Haweft Flat), section 30, Castlerock Estate Survey, containing 190 acres, at £i 10s per cere. I'iris section is all level, and is deep, strong Jarid. It will make a fine-agricultural farm.

GEAINj SKED) HD PEODUCE MARKET. .■William E. Reynolds tact Co., merchants, Duncdin, report for the month ending November 5, aa follows:— Since we issued onr last report we have . been favoured with most seasonable weather, more ao than hRs been experienced for prac» tically 20 years, past. Fine Ay spells, with litilo or no wind, broken only by good , scrvice- ' able rains, and. it is not to be wondered ft that the country everywhere i» looking tip-iop. 3»afnVwbrK tit all kinds is well advanced, nnd stock ate thriving well iii all districts. Should W&ther similar to what wo-have experienced lately doritiilie il good harvest is certain. Wheat.—Tho iharkot for this cereal keeps • firmer than we looked for in the face of otlr neaT ■ 'neighbour, Australia, having more, on hand tllait Iβ 'likely to be reqliited, and we still i. remain of tKa Spin ion that there is rAoia wheat ein'tins' cblofly than will find its ifliy into coh- '■ aoraption betore the new grain is available. '• Glowers, wo think, are slow to realise this, . 3umce the, reason for market not having fallen v, futthtft Export business is at a standstill, aai "'.locally millers continue to pursue a cautious VlraftoMcrmoiUh .policy. We give quotations at I'Sβ lOd.to 8s lid for long-berriedj and 33 3d for i ahort-berried, per bushel of 60lb (sacks weighed - in and f.0.b., netcash). • Ode.— This market haa given way completely, and would have done so sooner had it not been ■ for the cheap freight of 15s offering for Lon- ; don. Recently this has been advanced to 20s, : but the corresponding drop in prices hero has ■ allowed of tad fair-sized shipments being ibade, but no fiirtiier ones can go now, aa wool ii-tioriilng fofwiird freely in the north. Business with Australia is next to dead . pSihg. : to the very-good season they are having there. ' Africa, again, is .drawing very sparingly,, bo floubt largely on aefcount of what landed arriving in such bad condi.tlonV This has been caused by the- bad harvest iVeather of last season, tho Worst ever atp'eridrtced in New Zealand. Stooks lefi on lltafl.ard aot large, but, uifbrtnnately, they aro <!dnipriseci aliribst entirely of damaged and iniwior quality, soino of -wliich is offering as low ; to6d to 8d per bushel f.0.8. "A" gride is;very scarce, and' eSn be quoted &t Is 7d to lB ! 7id; ,"B'' grade, also getting dearee, Is 6d; ■' O>" glide, Is 5d to Is BJd per bushel of 4blb J.o.D.,(eacks -weighed in, net cash), - Barley.—More inquiry haa been experienced lately, but at lower prices than growers aro disposed to accept, especially for pfimo quality, of which there is very little now available. We cSfc. quote up to 3s 9d; ordinary, 3s 3d; ihillijng, Up to 2e 1M; and feed) -which is easier fa pricej up to 2s 6d per bushel of 601b (Sacks weighed in, f.o.b.j net cash). , .Seeds.-The demand has been fair for rye. grass, more especially for heavy seed, very 'little, indeed, of-which is now left.on hand liighier weights have not received the same jtaqniryi and the disparity, in values is to-day therefore considerable. We qnote up to 4s 2d for 3Mb seed; 281b, 4s; 27Jb, 3s 8d; 251b, Sa _6d; 231b, B,s. 2d per bushel of 2oib (to*., fticls&cxfcfa). There is. really-no change to note irrttto Cocksfoot market, as it remains about -whero it was, all qualities being somewhat Bcaice, especially heavy weight, which we cart I only quote, nominally, .at 5g63; 171b, 5Jd; 161b, 58; OlßveH of atl kinds ate somewhat weaker 'owing M hoWefs awing more on hand than was/anticipated and new season's importations cdetiijg'coMdetibly lower prices. 'When these hrrWo the inaiket is -likely to go back further. Meantime wo quote: White-clover, lip to lO5s; .' cowgrtes and red olover, tip to 80S; Alsike, up to res; Timothy, as, high as 255. Chaj.—Supplies coming forward ere ample. Sest quality is, how'eter, none- too plentiful, ■rid the value to-day, is £3 lSs per ton (f.0.b., JSckjiin). Potatoes ere Much more plentifnl, and meet With rather a poor demand at about equal to iESiio.b, Kidneys tbisjear have been in full supply owing, to the eaily seas6n, and ate worth from 9S to 10s per owt. '... season hns little iaoie than begun, most "factories have completed their arrangements,, the spurt in tho London market a few weeks ago had the effect of encouraging buyers here to advance their prices, iiid all iWoriea open to dell iavo practically . closed »t prices netting them from 91d in a few QMeU tip to 10d per lb, f.0.b.; foj tie season's ■otttpdt, a price -nhioh we think, judging by ■the liondon prices, of Tecefit years is hardly waccanted, Cneeioi-slEhe profits' made In this isßt year ■encouraged buyers to open very early. Fac-tories-heM out'for goM prices, and tme or two alofleS et'tjjd. Bincetten all factories open to t&l have cleared ■ it to 5Jd, £0.b., and bow that th» London market ifl a little easier agftjri buyers are not unlikely to see that tfiw havo-ittthrt weni6na-tiie'-thing this y'ear. joema very little chance of business worth speaking, of being done with Australia, the tariff beioff e bIoAK -to it Medium cannot bg piipplW at less ttan Bp end loaf at 63 tierlbilo.b, ' ■ • ' - ■ Kiffl,-Ih.eie is little change tq.-note unlcw .it .jj)^.ftrt^e.,jna^tetiiaaiawej!?.eMi9j'v*^'''

stocks fuller, and £2 10s may. bo given ae today's prices, and, even a lower price might bring business. Pollard.—Tho same remarks apply, and we can givo the price at £3 per ton. Oatmeal, in sympathy with the oat market, has cased somewhat, and to-day tho price, for bulk is £S; 7's, S3 10s; and 25's (short ton), £S 10s. Flour is qnotably without nlteration. At the sarao time there is a disposition shown to tako lower prices. Wo quote: £0 10s, for 200's; £10, for 100's; and £10 M, for 50' a, per ton of 260 Mb, (f.0.1)., sacks in). SALE OF CHEISTCHDH'CH PROPERTY. CHRISTCHURCH, October 22. The land attached to the Canterbury Hall was offered in sections at auction to-day by the Hall Company. The prices ranged from £S 103 io £22 10s per foot frontage, and the giosa proceeds wore £4784. Some lots were passed in. Recently the land and building wera offered to the City Council at 10 per cent, less than cost price, but the oiler was not accepted. Tho following ie the list of deceased persons' estates running to four figures which were certified to during tho month of October:—Wellington district: Susannah Hounslmy, £2W3; Georgo Baker. 553E7; Kmmo. Hiiybittle, £3937: Robert P. Johnson, £1230; George (lark, £1337; .Tames King, £1057. Aucirhm!: Aitchison Oliver, £2717; John H. Priestly, £5354; .Tohil Ednwtk, £1465; Georgo Sturtavant, £1075; Walter Kolsall, £1370) John Stewart, £1470. Chrktchurch: Jamos A. M'llraith, £19,963; Albert D. Austin, £11,333; John Cromie, £3915; John Johnston, £4762; William Arnott, 519 M; David Boyce, £3200; Tho?. Summerton, £1009; James Shand, 5E257; Henry ITiscli, £13,176; Sarah Juno Simeon. £1612. •DnnwKn: Thomas Halpin, £3971; BrnmaFi. Alien, £3360; Thomas J. Edmomleon, £1155; Andrew M'Konzio, £1257. Hawkc's Bay. Philip Dobcl, £21,673; William Baagly, £2893. Gisborne: AJoxarider Jl'Lean, £IUI. New Plymouth: Caroline Hills, £1626; Mary Ann Jiuir, £1522. Nolson: Jttirtha J. Biirnett, £3531. Blenheim: Alexander M'Lauchlan, £6372; John G. Trevor, £1926. Thomas arWilliam, £3796; John Jt'Kwon, £3163; William Oumming, £37"45. Napier: Alary W. D. Wilson, £1823.