COMMERCIAL

Timaru Herald, Volume XIIC, Issue 14040, 25 October 1909, Page 4

COMMERCIAL

SALE OF SHARES. On Saturday Messrs C. Jonas and Co offered two shares in the Pioneer Terminating Building Society, paid up. to £24= 4Si Bidding started at £lo, and by £1 bids, ran up to £l9, and then by 5s bids to £l9 15s at which figure Mr F. Cave became the purchaser. TATTERSALL'S YARDS. The gale of Saturday quite upset calculations at Tattersall's horse sale. The entry, of course, was not so good as usual, and the heavy ram kept the farmers away. In the circumstances practically no business was done. There is an excellent enquiry for young draught horses, active and fit for present work. "PUKE MARAMA" SOLD. : There was a large attendance of banking, commercial and business men at Messrs Guinness and LeCren's land salerooms on Saturday, when Mr Shallcraas, on behalf of the firm, offered a verv fine new residence "Puke Maramaj" and five acres of land. Wai-iti road, Timarn. Mr King having read the conditions of sale, the auctioneer 3aid that the site was a valuable one and in a few years would become more valuable. The property was well laid out, the house was modern, well appointed and new, and the grounds comprised five acres, with excellent frontages and views. The starting hid was £I7OO and eleven other bids at £2O and £lO advances followed in quick succession till £2300 was reached, when Mr A. Hamilton, manager of the National Bank, Timaru, became the purchaser. BUSINESS SITES OX OFFER. At Tattersall's. on Saturday afternoon, Mr John Mnndell, of the Canterbury Farmers' Co-operative Association, instructed by Mr Carlton, offered six' sections with frontages on Sophia and Bank streets. The attendance was large, and included prominent commercial and business men of Timaru. Mr Mnndell having read the conditions of sale, remarked that the sections to be offered were on one of the best sites in Timaru. Settlement in Timaru was going northwards, and this site was most convenient to the post office and the busines heart of the town. To give them a guide as to probable value, Mr Mundell cited a case of a block that had just changed hands opposite the post office to the south at £25 per foot. The sale was eminently one for the business men of Timaru to be keenly interested in, and as an* investment a buyer could easily double his money, and perhaps treble it. The money market was easier 3nd they could now get advances for 5J- per cent, instead of 6 per cent; Ho would sell four sections at per foot frontage, and wonld take a starting offer for No. 1 (45 feet). The offer was £lO and it rose to £l3. when the lot was passed to Mr T. R. McKay. Lot 2 (43ft 6in.) started at £l2. went to £l2 10s and to £l3 and was also passed to Mr" McKay. Lot 3 (78ft 6m to Bank street) opened at £5, rose jjf o% passed puir qj pue soi QJ o} Cray, who also bid up to £7 for Lot 4 (56ft 9in). Lot 5 with frontages to Sophia and Bank streets, elicited no offer, not even the "rough shot of £SOO or £6OO, or will you bid £400," as suggested by the auctioneer. Lot 6, the triangular corner, with an eightroomed house—"a most valuable corner section"—also did not elicit an offer. In closing the sale Mr Mundell said that Mr Carlton was prepared to deal with bidders of passed sections. BESWICK STREET ROOMS. C. Jonas and Co. report- for the past week as follows —On Thursday we held a clearing sale of household furniture on behalf of Mr M. "White. There was a large attendance of buyers and the public generally, and bidding was of a brisk order. We quote the principal safes as under: Lawn mowers £2 15s and I9s, lamp 20s, beadsteds 22s to 30s, duchesses 37s 6d, 275, 39s <kl, to 50s, suite £5. table cover 265, mirror 235, oak bedsteads 75s and 655, book case 655, hall stand 355, couch £6 10s, 2 chairs £8 10s, 4 chairs 30s, carpets 325, 30s to 70s, linoleum 225, 28s to 30s, and sundries in proportion. Owing to the inclement weather on Saturday entries were not so_ large as usual, and in consequence prices were not so high. We quote: Hens 3s to 4s, ducks 4s to 4s 3d, roosters 3s 9d to 4s, prime fat 4s 3d to 4s 6d. geese 6s to 6s 6d, chickens Is 6d to 2s, at per pair. Prodnre: Potatoes slow of sale 5s to 5s 6d, second grade 3s 6d to 4s 3d, pig potatoes Is 6d to 2s, wheat whole 12s to 13s r broken 8s to 10s 6d, oats 5s to 5s 6d, barley 8s to 9s. Hams 82d to 9d, bacon 7d to 7Jd, eggs lid to Is per dozen. Fruit: Apples 15s to 16s, Fiji bananas 15s to 16* 6d, mandarins 15s to IG<. pranges I4s to 15s, pines 12s Gd per

case. A sale of shares took pl-.ici particulars appear clsewliere.

THE MART.

Leslie o ; Callaghan and Co. report as follows on business during the past week Poultry: Only 20 pens were filled, no doubt owing to the very boisterous weather. Prices were fully maintained; hens 3s to 4s 3d, cockerels 4s 3d to 5s 6"d per pair.-. Produce: Most lines continue in good demand with the exception of potatoes. Shipping onler> are scare, and consequently prices have dropped to about £2 per ton, f.o.b.s.i. The following 'prices are from sales during the week. Table potatoes 4s to (is, medium 3s (unsaleable); oatshcaf chaff 2s Gd per bag, £2 10s to £3 2s 6d per ton, according to quality: oatstraw Is, sacks extra; whole wheal 12s 6d. broken 8s to 12s, oats 7s l>.. to 8s 6d per bag. Bacon Sd to SH for factory cured, old to 7Ad for home cured, butter dairy 9d, eggs 9d. Following the above sale we held a sale of furniture, traps, sporting goods. etc., at which we had a large attendance of buyers. The principal sales made were piano £l3 ss, sideboards £lO 7s 6d, £7, £6 15s, suites £0 £S 15s, £4 10s, £3, sporting goods: guns £5 os, £3 ss, £1 10s, rods £3 12s (3d. £2 17s 6d, and £l, sporting saddle £4 17s 6d, trap £9, harness £1 15s. horse £7. A large list- of useful household goods and sundries was disposed of. On "Wednesday we held our usual mid-weekly sale," a large entry meeting with the usual ready sale. On Thursday we held a clearing sale for Mr Thomas Kingston at his residence. Avenue Road. There was a large attendance of buyers, and every lot met •with good competition, a most successful sale resulting. The following were some of the principal sales: Suite £S. wardrobe £4 ss. sideboard £7. bedsteads £3 10s, and £2, juvenile bicycle £2 17s 6d, rocking horse £1 10s, duchesses £2 5s and £1 10s, Austrian chairs 5s 3d each., mirror I6s, tent 355, hallstand £1 17s 6d, easy chairs Ids to 15s. C.F.C.A. shares 56s each: small goods and a large list of sundries found ready purchasers.