COMMERCIAL

Otago Witness, Issue 2157, 27 June 1895, Page 24

COMMERCIAL

I Mr Coghlan, the New South Wales statistician, ' has p-epuxed a statement of the trade returns for Australasia for I*> 94 The total imports were of the ' value of £48,720,000, and the exports £82,315,000. • The nggregats decrease is £7,001>,976 as compared with 189:}. The New South Wales total tmdc was £36.379,000 ; Victoria, £24 497,000 , Ntw Zealand, £16,019,000; South' Australia, £13,eOS,000; Queensland, £12,6(57,000 , Western Australia, £3.393 000 ; Tasmania, £2,4(J5,009. All the colonies excepting Western Australia show an increase of exports. The imports for home consumption have decrease d by £980,000, and the exports of domestic produce have in ci eased by £111,000. The Age says that the success of the New Zealand 3 per ctni, loan and the pi ice at which it is now quoted in London clearly demonstrate that such stock is readily maike table and likely to attract in veil tors, who appear to prefer to purchase at a discount than at a premium. The proposed idea of issuing federated Australian stock must, for the prefcent at all events, by abandoned ; but this is no reason why the various colonies should be piecluded individually from converting their various loans into one solid 3 per cut. interminable stock, which would immediately do away with the constantly recurring expanse att-nding loans falling in. Three and a-half per cents, at present quotations should be convertible at 91 or 95, and the security in the shape of public works at the back of such stock would satisfy the most cautious investors. Pota' oss have taken a decided rise. AuOamaru grower has been offered 50s a ton for a large line delivpred in Du&edin. — North Otago Time-). The New Zealand Loan aud Mercantile Agency Company (Limited) have received the following cablegram from their London office, dated 18th June :— " Wheat— Market is steady. Spot quotations have declined C.i per 49(5ib since last report." (Las' quotations were 27s (5d and 23s 6d for average and lot K-berned respectively). Mr W. A. Walton, land and estate agent and auctioneer, reports haying sold the fallowing free hold properties by private treaty— viz : faction corn-r of George and Duke street**, having a f-ontage of 55fi;to Duke street and 132 ft to Gcort'e street, contiinitt;; an area of 2(!'7 poles, to Mr William King for the sum of £210. Lot 7, on the plan of Burkes Brewery Township, recently offered at auctioD, to Mrs \'. Griffpn for £(!(J bei»R sections Nos. 95 to 100 and 105 to 110, and containing an area of about 2a lr 2l!p. Also sections 9, 10, 43 aud 41, township of Burkestowu, West Harbour, containing an area of about half an acre, to Mr •William Casßidy, for the sum of £50. , Argentina, like other parts of the world, has awoke to the importance of the sheep anrf cattle trade with Groat Britain. A paper of Junp 7 ] states that the Thomson liner Hurona loaded (iOO head of live cattle and 26C0 sheep at La Plata, and other vessels of the same line were expected to follow her. Mr W. A. Wal"ON, auctioneer, land and estate agent, reports having sold by private treaty lot No. 3 on plan of part of township of Kingston ' (property formerly known as Runcimans), having an area of lr 21p, together with the bakeiy and cottage thereon, to Mr David Edgar for the sum of £200. I