C. W. Brown's Property and Financial Report.

Southland Times, Issue 11672, 28 February 1891, Page 3

C. W. Brown's Property and Financial Report.

* I B\tc?d»teof la« f . leporc the transactions in j town lands have been extremely limited and any sales thut have be n ra*de have been effected at prices tnat owners won d never have accep id a few years since. However, in the ooinion cf most commercial men the lowest level of prices has been re ched and with the improved prospects of the country district ; a gradual return to a batter range of crices for town lands may confidently be looked for. I ha c lateiy pold parts of sections 12 and 13, block IX, To*n of Invert argill, witi 66 feet f ontage to Ke : vin etre t by a d- pih of 132 feet, wiih building erected th"r*on, known as Ke'viD^Hoose, for LS7S a r d have other eats jeidiDg. t-^uut y land- ha?e b»-en in active t demand and r*a)ly gjod impro rtd (arms would find r urcha'er-i 1 thares — 1 here is nothing doing in the local market, but tbeie i« a g">oJ d.m.i-vl for incur aoce and bank B'ocke. The business of the Fquitable lnsaranc-Co will probably be purchased by the Union Insurance Co npon terms that art no* yet d pclo-ed. Miuing shares — ibereisvery little doing ia local mining shares with the exception of Lonj?---»ood Sluicing Co, some of which hive been sold at \A premium, the Lakf Rrunttn, Six ; Mil*, Wai;->a a and I v liy Point Drcig'.rg C-i]ipani*-f> wi'l be enortly work when Lha r.iuiJKd.'- of thp beaches in th s locality wi'l be tho T ojgl ly te--t'd I Fiuancial— Motley cm readily fee obtained on flr-t-class freehold secur ty, **■ from 6 to 7 per cent for large sums, and ; m .11 aoDOUnta at 8 p»-r cent. j lnvercargiH, 26th Febrnary, 1891.