COMMERCIAL.

Otago Daily Times, Issue 13996, 31 August 1907, Page 8

COMMERCIAL.

Daily Times Olfico, Friday evening, BREADgTUFFS. Tho lonff-expcctod ' upward movement in wheat has begun to develop in real earnest, with tlio result that tho record of the 6eason has just been recorded—viz., an Australian cargo sold in Mark Lane at lis 6d. Tho rapidity of tho movement is readily illustrated Last Saturday wo recorded tho fact that early in tho previous wool; sales of Australian cargoes had been oablcd at 34s and 34s 6d; last Wednesday tho cablo brought tho nows of Australian cargoes sold at from 36s 9d to 37s 6d-or n clear rise in soven or eight days of from 2s 9il to 3s per quarter. It is \vell to noto tho steady upward progression in prices as evidencing tho stability of tho wheat, mavkots and Hie solidarity of Iho advanco. Last Saturday's cablo from London reported tho_ wheat market very firm, with steady business on tho Continent and in Britain. The samo niossago also stated that an advanco of from od to 9d per bushel had been mado during tho week, owing to unfavourable harvest weather in America, which had caused liigher prices in Chicago and Now York. Stocks in Britain wore said to he firmly Held, although tho advance in prico had ehceked the demand, but the American markets were irregular owing to contractor)' weather reports. Clearly tho weak spot in tho markot- was America, but subsequent advices go to show thai Iho American mar'tot must have strengthened, and this right in tho face of an increasing visiblo supply. Last Slonday tho nows came through of the salo of two Australian cargoes at 36s 7id and 36s 9d respectively; a third cargo of 13,000 quarters of South Australian Soptemhor-shipment sellins at 375. Later in tho day further advice >vas to hand of a very strong market in Mark Lane, holders Stipulating for yet another 6d a quarter, while anothor Australian cargo had sold at 37s 3d. And on Wednesday last camo tho additional news of the snlo of Australian cargoes at ibi 9(1 to 37s 6d. When it is romonibered that this substantial advanco has been established right in the face of tho coming harvests in Europo and America, it must be admitted that the outlook is a. strong one and appears to fully substantiate the reports of iho serious shortages which form the foundation of tho widely-expressed belief that wheat is about to see a permanent higher level of values. Tho attached summary of the wheat situation, mado by "Bcerbohm." under da!o London, July 19, is of especial value, not only as confirming our ideas in regard to tho recent weakening in the London market, but also as rehearsing the main factors which go to make up the eseential strength of the wheat position The uiailcot has seldom or never bsen able to withstand tho effects of fine, hot weatlior in July, so ,tlmt it is not. surprising that tiw muMeu appwrancc of hot, forcing weather

during tho past week should hove brought dulncsi to any"trado, and: somu giving wny in prices, "liha fact, however, remains that toe harvest in England, as well ns in Fnuico and Germany. will be a very late one, two to three weeks later than last year, in (act, and it is also tolerably certain now that under no circumstances can the crops in European countries, with tho cxcepttion, perhaps, of Russia, equal those of last year. A serious deficiency in the aggregate Etrropeaoi crops seem.?, indood, inevitable, and it will net be surprising, bc-uring in mind the extraordinary character of the past winter and spring, if the crops should turn out worse than exported. So far. however, tho iilHrket nppjars to have escaped tho excitement which untoward weather in Franco a-t this period would surely have brought about. France, it is true, will still find it difficult to inako "both ends moot" in view of t'he lata lmrvest, and old "wheat is already so scarce that it realises in some districts 453 to 48s Gil per 4801b; lmt "with, fine we&ttesr the' new wheat will bo avaiil&blo in two or three weeks, and already it -is ottered for August-September delivery at a', big discount from present values. Thus it may still to said that tho weather will be the controlling factor in tho markets for some time t<o come, until, iii fact, the English. French, and German crops are pretty well secure, because, although the shipments to Europe bftve lately l»2ii relatively small, averaging tvboivt 975,000 quarters per week for the past month, tlicre are fully sufficient supplies 011 hand to bridge over tho period from now till-the advent of liew wheat.

When, however, we como to discuss. tho more distant future, the ocso is different. Aa fa.- Os ono can see at present the requirements of tbo importing countries next season may reach .tho record total of 77 million quarters, as compared with about GG millions in tho reason now coming, to sin end. On tho othor hand we shall probably witness smaller shipmonits from America and Canada than during the present season, during which about 24 Million quarters hivo been exported. Much, of course, depends upon the American spring wheat crop, the success of whaoh must bs tho more doubtful because of the late and somowha.t unfavourable sowing period, but it does not appear likely that the United States will be able to export moro Mian 15 million quarters, as compared with 18J millions in the past 12 months. From Koumania. Bulgaria, and Turkey present indications are, according to tho official returns, that only four to five million quarters will be available for export, as compared with 12 to 33 millions in tho past season. India, as wo know, has r-M/psd a crop rather below last year's, but high prices have a. powerful attractive influence upon Indian. wheat; tho exaot available surplus of .which is always difficult to gauge. About ' Argentina and Australia, wliteo wheats will affect tho second h?.lf of the season, wo know but little beyondi the faot that the crops have been sown under favourable conditions in Argentina, whcio r decided increase in the. area is exposted. There remains only Russia and lier export possibilities to be taken'into account. According to the roost Tollable latest' news tliero is 110 room to doubt that the autumnsown crop is a partial failure and will ba considerably loss than Inst year's record crop. But with regard to tho important spring wheat crop the reports ars equally unanimous in staling that the orop Iras mc.de wonderful progress Anything is, of course, po3-.ibio in these matters, but it will, in our opinion, b3 very surprising, it a crop sown so- lato for tho most part, and under Fmeh unfavourable conditions fl.s were prevalent in tho spring in many parts of Russia, should prove to b» a full average one. It will bo seen, however, tlnat a gxoa.t doil will depend upon this crop in view of the diminished quantities to be oxpectcd in tlx; i:oming Bcaion from America, Canada, and tho Balkan States. 11l tho meaaitinvs it will bo interesting, 110 doubt, to our readers, if wo give what may be called the'pros-wrt indications of tho requirements of ■ importing countries during tho corning season, as compared) with tiro actual imports, in round figwrw in tho past season. The World's Wheat Import Eequimmekts. 1007-08. 1006-07. Quarters. Quarters. Probable. Actual. United Kingdom .. 27,000,000 25,750.000 Franco 2,500,030 2.500,000 Germany 13,000,030 8i500.000 t Belgium and Holland 8,500,030 8,250.000 Italy 6,030,000 5,750^000 Spain and Portugal.. 2,000,000 850,000 | Austria-Hungary .. 3,009,000 — Switzerland .. ..- 3,000,000 2,750,000 Grecco 560,000 750,000 Sd-andiimvi* and sundries 1,750,000 1,750,000 Total Europe _.. 67,600,000 5G.650,000 I'otal outside ■ • Europo .. .. 10,000,000 9,750,000 , Grand total .. .. 77,600,000 G0,G00,000 With only about 20 million quarters, probably, . obtainable from the United States aad Canada, and very little from the Balkan, it will bo olearly seen how. much depends upon Russia and Argentine in the coming season. Uud-M fc'r, .A circumstances, therefore, it wouldi not ba wire to tako much notice of the .present dulncss in the trade. This .week's Commonwealth' quotations avo scarcely a guide, scoing that, thoy were despatched before the full extent of the advance in Mark Lano had been felt. Nevertheless, it is satisfactory to noto that in all three oontrcs there has been some response to tho movement in London, this rcspon6o boing niost noticeablo in Sydney and least in Adelaide. Thus the Sydney quotation has moved up from 3s to 3s lid and in Mo'boumc to 4s, whilst', in Adelaide the quotation is practically stationary at 3s 9£d. A late private cable reports the Sydney market, firm at la. Id.

Undar dato 21st inst. the Sydney Mail reports on the situation as follows:— Movements in the wheat market during the ■week were not of larg® dimensions. Millers did not operate beyond actual requirements, bscauso.of the weak demand for flour, and shippers held off in anticipation of lower prices. Largo holders showed no disposition to como down from their former levels of 3s IOJd to 33 lid per bushol, lience it was that tho difference between buyors'. and Eollcrs' ideas of values left tho market inr/:ti'vc. Business on liu.ling accouut was transacted at 3s DJd for parcels picked up in the oountry. Despite city holders' apparently firm attitude, there was plenty of wheat offering in the city 'from tho country at Ss lOd per bushel. All things considefcd, the market closed slightly easier, so far as prices wero concerned, there being a reduction in values of about -}d on the week.. ■ Oversea exports of wheat and flour from the Commonwealth ■ since December 15, 1900, aro not yet up to tho avcrago of last season. Approximately, tbe oxports consist ol 21.450,013 busho'.s wheat, and 1,216,120 sacks flour, together equivalent to 30,287,419 bushels, or 811,270 tons wheat. The value taay be estimated approximately at £1.072,000. A comparison with tho corresponding period of tho threo previous years is as follows:— E<]uivtr'ont. Approximate. Bushels, in: Value. 13034 29,855,211 799.GD8 . 4,400,000 100-1-5 .. 23,042,702 751.144 4,611,000 1005-6 .. 30.032,698 828,654 4,032,000 1906-7 ~ 30,287,410 811,270 4,672,000 The total to date, as. compared with last season,. shows a 'decrease of about 645,000 bushels, A summary of the present Ecason's shipment is as follows;— . ' Equiva- , 1 lent Wheat. - • Hour, in wheat. From Bushels..2oolbSka, Bushels Victoria .. .. 9,037,434 512,461 11,497 247 South ' Australia .. 10,137,414 335,036 11,759 987 New South ' Wales .. .. 5,001,753 359,792 6,728,754 Queensland — .2,000 9 600 A\'estom ' Australia 273,412 3,831 291 831 Total .. 24,450,013 1,216,120- 30,287,419 3? luirvcst for tho Commonwealth for 1006-7 was placed at between 68 and 60 million bushels, and the approximate sur- , p.us over home requirements at 38 to '40 miU lion bushels. As shown above, about 301 million bushels have been 'exported. There is therefore n net surplus of between seven million and oight million -bushels stili to-bo exported, In the face of this, Sydnoy will wvo to wako up if New South .Wales is to Jiave its snare of tho exports. . The local wheat market has not yet shared in the increased buoyancy elsewhere evident tho advance in London being more than discounted by the dullness of the flour rado and tho lowness of tho local quotal,Ti- » 17 s <lcol , aro thcir '"tcntion of hold ng off tho market until able to make purchases which will give them at least 110 less oil gristing, if not a small profit. But 111 1 10 face of ml advancing wheat market it w .dimenlt to appreciate tho soundness of this holding-otf policy, for all tho while stocks of wheat aro boing worked down, and there is always the possibility that buyers may, by waiting, find thomsoh-es in ovon worso plight than at present. In the absonco of business, exact quotations aro nimcnlb to obtain, but, Generally speaking the effect. of the rise in London has'been to firm tho ideas of holders. Current quotations range as follow:-4 s 3d to 4s 4d, on trucks, Ashburton; 4s 4d to 4s sd, on trucks, Waimate; 4s 6d, ex store! Timaru; 4s 6(1, on trucks, Temnka; and from 4s 6d to 4s 7d (in trucks) up to 4s 9d, ex store, Oamaru. Of course there is the possibility that Romiino offers might lead to business at slightly under these quotations.

. ri\o market continues 1 bare of. chick wheat, and orders for fowl food arc being filled with milling quality. Business has boon dono during the week on the basis o! ♦s 4jd, f.0.b., s.i., northern ports, whilst for small local orders from"( 35d to 6d, px store, is the quotation, .

Tlio demand for flour is still on the light side, this bainj? to 6omo extent explained by steady Australian importations, ivhich, although of no great extent, nevertheless to 6omo extent curtail the demand for the locally-manufactured article. Tho Flourmillers' Association's tariff is unchanged, an follows:—Sacks, £10 10s: 100's, £11; 50's, £11 ss; 25's, £11 l(k Tho Invercargill price is £10 15s, while the shipping prico remains ur.chaugcd at £.10, f.o.b. Tho Sydney Hail reports: —

Millers have besn unable to secure a continuance of the Far Eastern trade at the Existing prices for flour, buyers waiting until the heavy stocks in Hongkong. Singapore, Jfanila, and other porta aro further reduced. Ifoanwlu.e, flour is still going forward, but it represents merely the fulfilment of orders booked onrlv in tie year. Last week tho equivalent to 8063 sacka was exported from Sydnej l , according to the Customs return, of which 450 sacks were despatched to New Zealand, 350 to Europe, 1100 to Hongkong, 2222 to Now Caledonia, 3250 to tho Philippic Islands, 527 to the Eastern Archipelago, 155 ■to the South Sea Islands, and 14 to other destinations. The total exports of flour to dale from the port of Sydney now amount vo J2'2,066.

The demand for offal continues brisk, and stocks are light. Bran is quoted at £1 : lfe por ton for local orders and £4- ss, 1.0. b., for shipment. Pollard is quoted at ' £5 10s per lon both for local orders and ' for shipment. There is no oliango in oats, and, con- ' sidering the continued quietude, of the demand and in the face of the importations landing and on tho water for North Island ports, tho market wonderfully maintains : its strength. A email business is being done on the basis of 3s Id, f.0.b., s.i., for decent lines of B grade, and up to 3s lj,d and ! even Ss 2d for little lots for shipment,. : Tho current quotations for local orders is ' 2s, ex store. Oatmeal is unaltered at £16 per ton and pearl barley at £11 to £H 10b. PRODUCE MARKET. Tho glut in tho potato market continues, and prices havo again cased. .Primo ITp-to-Dates are slow of sale at from £2 10s to £3, inferior being difficult to quit at 30s to £2 per ton. Them is no change in (ho butter market, and quotations remain as under:—First grade factory—Prints, 3s OJd booked, Is : o|d cash; bulk, Is cash. Dairy, 8d to 9d; milled, fid to lOd; separator. 9id to lOd. North Island pats, 10? dto lid, Bul'kFirst grade, lOd to lOJd; second grado, fljd to lOd. Cheese.—Market unaltered. 1 factory mediums, 6Jd to 6Jd per lb; Akaroa loaf, 6Jd per lb; medium, 6d. Eggs are in full supply, and the price lias dropped to lOd per dozen. — Poultry. Supplies fair, prices firm. Hons, Zs'9d to 3s; roosters, 4s to ss; ducks, 4s to 6;; turkeys—hens 5d por lb, gobblers 7d to Bd. Pigs.—Baconers and porkers are scarce at S|d; bacon, 8d; ham, Did; flitches, Bd. Chaff.—Extra prime oaten sheaf, up to £5 12s 6tl per lon. tfRUIT AND VEGETABLES. The arrivals for the week include 1695 cases from Svdnov, 616 cases from Hobart, and 9 crates of vegotablca from Melbourno. Tlio Suva shipment of 2000 casos arrived in good order. Northern consignments have been small. The markot is bare of oranges ponding tho arrival of a shipment of 1?C0 oases from Sydney. Current quotations aro as follows: — Oranges.—Hopaolra. in good condition, 12s 6d per 9in caso; Sydney, in had' condition, Is 6d to 2s, in good condition 4n to 63; mandarins, ohoicc 46 6d to fe, small As; Seville?. in poor supply, 2s 6n to 3s; Poorman's, <k Banana?.— Ripo repacks, 2Jd to 2|d; Suvas, choice grcon Cs 6d to 10s; medium 6s to 7s. Lomons.~Sydney, 5s 6d to 7s; MiWura, 8s 6<l to 9s 6d, Apples.—Prime Canterbury eookors, 8s to 9s; Canterbury desserts, 7s 6d, to 8s 6d. Hobart,: Choice S.P.M., 9s to ltis; mcdiu!n and small, 6s lo 7s; stone pippins, 7s 6d to 8s 6d: 'French Crabs, Bs' 6d to 9s; S.T.P.'s, Ss 6d to 93 6<l. Passions.—2s 6:1 to 3s 6d per half gin; 3a to 4s 6d ]ser pacltcn. Pines.—Bright yellow. 10s to l?s. Pears.—Hobart, hajf-enses, 3s 9d „fo 4s; cookers, 6s to 9s per ca.se. Rlmtob.—6d per lb. Tomatoes—Local hot-hoifSw Is 2>)d per lb. 1 CucuiTihors.—s3 6d to 7s per caso. Clover honey.—New season, in 101b tins (fouthorn), is 6d per tin: bulk, 3jd to <kl. Nuts.—Peanuts, Japanese, large 3d, small 2kl: Brazil, 9d. Walnuts, s<d to 6d, Vcgetablw.—Cauliflowers—Victorian, 63 6;1 to Bs 6d per tjozen; local, 5s 6d to 7s per sack. Cabbages, scarce, 2s 6d to 4s; marrows, market hare; pumpkins, 3s por Qniom.—-Melbourne, Brown Spanish, £5 10s; Canterbury, £5. We aro requested to state that the above quotationa for produce, fruity and vexetablcs are current wholesale prioea bottrcon igents and distributors. LONDON MARKETS. Prosa Acaociatioji—By Telcpraph—Copyright. LONDON, August £9. Silver, 2s 7£d per ounce. Copper: Spot, £79 ss; three months, £7S 15s. Tin: Spot, £1(8 10s; three months, .£lO9 7s Gel. Lead, £19 103. Tho American visible wheat supply is 67,220,000 bushels. CHRISTCHURCH GRAIN MARKET. (Per United Phess Association.) CHRISTCHUKCH, August 1 50...' The iact that tho proposal to abolish the duty on flour was only lost _by one vote in the House of Representatives has had a disquieting effect upon the local wheat market, and until the matter is finally settled there is not likely to be any business done in othor lines of grain and produce. There is nothing fresh to report, the only business passing being in Bcoda, for ivhich there is a brisk d.cmnd. WELLINGTON STOCK EXCHANGE. '.I'noii Own Own Oobbefpondest.l WELLINGTON, August 30. On tk> Stock Exchange to-day a sale was effected in Union Steams at £18 17s Gd, the best price yet touched by these shares. A buyer of Wellington and Manawatu Railways ww supplied at £2 2s, and the D.I.C. preference shares changod hands at £1 2s od, PROPERTY SALES. Messrs Park, Pvoynolds, and Co. report the following recent sales of property'.—On account of the trustees in the estate of R. Gill: A dairy farm, being section 77 and part 70, block YII, North Harbour and Bhieslcin district, containing 62 acres 2 roods 6 poles, situated at SajvJers' Bay, to Mr Cunning. On account ot>Mr W. S, Young: Soction 12, llalmaccwen Estate. Oil account of a cliont: Allotment 1 of lots 3 and 4 of subdivision of sections 40 and 41 block XX, Dunediii, with dwelling of six rooms audi outbuildings. On account of Mr Ellis: Allotments 12, 13, 10, 17, IS, in subdivision of part sections 1 and ?>, block VI, Enst Tfticvi district, adjoining Mossburn township, near Mosgiel, to various purchasers. On account of a client: A very desirable sububrau property, being sections 40a, 41, 42, 43a, 41a, 45, 40, 47, dS, 49, 50, 51, 52, township ot Vauxhall, containing 2 acres 2 roods 34.8 poles, with residence' thereon, to Mr J. Ness. On account of Mr T. 11, Coafsworth: Allotment' 61, Bulmacowen Estate, to Mr Butlerficld. On account of a client; Part ecction 40 and 41, block XX, St. Andrew street, Duncdin, with house thoroon. Qu account Mr H. Smith: Allotmont 8, subdivision section 8, blosli I, Anderson's Bay district. Allotment 9 of same subdivision also found n purchaser. On account ot Mr Thomas Smith: Allotment 12, Law's subdivision, block 5, Brunei street, Mornington, to the iloinington Borough Council. On account of Mr J. Loughlin: Sections 4, 5, end 6, block LIV, township of St, Kilda, to Mr Macc. On account of a vendor: Section 38, block XVIII. township of Musselburgh, having a frontage to Quran's drive of 50ft, to Mr Ashton. On account of Mr James: Sections 10, 17, 13. block V, township of Grant's Braes, containing 2 roods 21.2 poica, hunting Larnaeh and Argylo streets, to Mr Mitchell. On account Mr Bavley: Tho unexpired term of lease oi scction 2, University reserve, Castle street, with modern residence, to Mr M'Millan. In conjunction with another agent tho unexpired torra of lease of part fcctiou 61, block XXXI, Dunedin, having a frontago to Castle street of 34ft, willi dwelling thereon, to Mr Herbert. Also. 011 account of Mr Tomlinson, his oiu-ostablished coal and firewood business and plant, to Messrs \\\ and A. Findley. Messrs Sievwright Bros, and Co. report the sale of allot men! 5, subdivision of part sections 31 and 10, block XXII, Dnnedin, with frontage to Hanover street, together with dwelling thereon of four rooms, to Mr Saigan at £359; also, allotment 0, same subdivision, with frontago to Hanover street, together with duelling of four rooms thereon, to Mr Terry at £340.

Messrs D. M. Fca and Co. report having effected the following recent siles of properties:—On kfevlf of Messrs Smith and Xlacdonald, allotment 13, block 11, Dalmore. on which is erected a modern seven-roomed residency to a cliont (wivatoly) for £600. On wwuit of Miss Kays, eootifln 12,. block 11,.

Dalmore, to tho same buyera for £130, On account of Francis Burley, sections 10 and 11, block 11, Dalmoro, containing 3 roods 29 poleo, to a client at a satisfactory figiiTc. ?-o Mr 3 J. K. Macfie, section. 22, blook 11, BsUmorc, having an area of 22.3 polos, 'with a frontage to M'Gloshan street, for £130. To Mr Andrew Burt, suction 9, block 11, Dalmore, having an area of 22.3 polos, with a frewtage to Orball street, [cr £120. ,% Mrs E. Lceco, section 17, and part section IG, Dalmore, having an area of 30 poles, with a frontto Fea street, together with a sixrcomed incdarn residence, for £650. To Mr William Crockett, sections i and 5, bloftjc I, Dalmore, having ail area,.of 44,7 poles, with, a frontage to Orbell street, fcr £160. To Mt K. M'Leunun, section 15, block 11, Dalmore, with an Brea of 22.3 poles, with a. frontage to M'Glashau street, for £120. To Mr J. Rennick, section 2, block I, Dalmore, having an area of 21.11 poles, with a frontage to Orbsll street, for £100. On account of u client, ft six-roomed rosideiiai, Willi all modern conveniences, for £625, to Mr Dv.-iglit. In tlie estate of tho late Henry Barrett to Mr Pliillpot; section 25, township of Gladstone, baing a full quarter-acre, for £120. On account of ifrs M'lnlyio. ft Eovon-roomed modem residence ait 150 Cumberland street, to Mrs Lavsrence. for £590 On account of Mrs Wallace, a four-roomed cottage; with conver.iences, at 301 Castle street, to Mr P. Hci-bert for £350. The Now Zealand Loan and ilorcairtile Agency* Company (Ltd.) report having recently effected the following sales of freehold property:—On "jvccount of Mir J. G-. Gurdmpr, his well-known Rannoch Estate, consisting of 1202 acres first-class fre&hold land, situated Jit Orawia; also, his property known av Sharpridgc, containing 230 acres freehold and 1453 aor&s leasehold, tojefthw with excellent house, buildings, stock, plant, etc., as a gotag conoorn, at c. highly satisfactory price, to Ito John Crow, of the Dome. On account oi 1 Mrs (r. "Windlc, li-sr compact freehold farm at Longridge, containing 214 acres, to Mr Geo. Lyuoh. On account of ilk' D. Morrison, his farm at W«ndonside, consisting of 21G ncrcs freehold land, to Mrs E. Cameron. On account of 'Mr ,E<hvard Fitzgerald, his freehold 'farm 'at Balfour, oanUiining 254 acres, to Mr Edward Butler. On account of Mr John P. Noble, his freehold farm at Ofautttu, confining 28 acres 1 rood, to Mr Jos. Noble. On Mount of Mr Alex. Hamilton, his farm of GG2 acros, with all buildings, and in good order, within' ono milo of Clinton Raiiway Statioii. The • purohesor was Mr William jPateTsonj of Waiwora. Tlio above properties were sold at 'very satisfactory figures. ."

Messrs JaniM Samson and' Co. report having sold this week tlio following freehold propertics i-AUotment 15, 'block XVI, townshro of Forbury, South Dunedin, 17} polos, with a frontage to Richmond' street, with dwelliii" of five rooms and outbuildings thereon, to Ih G. C Ken .for £460., In tho «tak of Uarles Lawaon (deceased), by order, of the i üblic Trustee, sections 3 and. 4, block V toTOahip of Asrotvale, North-East Vallov' v/ith a frontage to Chester lane, was purchased by Mr John Burnett. Mr Newbury's trceboid property, bc-ing section 13, toivnship of Crlcnavon. Noith-East Valley, 40ft x 140 ft n dwelling of seven rooms and outbuildings thereon, was' Bold to Mrs ft oman Lc gs for fG37. In the trust estato Y Y^V tt ? a Wright, seotion, 35, blook AAXIV. town of Duncdin, full quarter-acre with a frontago of GGft to Great lung street' near Duko street, on which is erected two brick shops, photographer's studio, and three MM M ' purohiw<!d for