The general tone of the market was satisfactory throughout. Continental, and in particular German, buyers operated with somewhat greater freedom than the home trade during the first half of the series, but after the recess there was in creased competition on domestic account, and this was well sustained until the close. Trade advices continue to be very encouraging and point to the existence, both in this country and on the Continent, of an active consumptive demand. The margin of profit is still stated to be small, but indications are not wanting of an up ward movement in the manufactured article commensurate with the recent advance in the raw material.
PROPERTY SALE.
Mb Charles Clabk reports the sale by him of two houses and 99ft frontage to Eaton Place, Manchester street south.
PROPERTY SALES AT ASHBURTON.
Mb T. Bollock reports having held a sale by auction at the Arcade on Satur day, June 22nd, of a number of improved farm, unimproved rural land, &c. There was a very good attendance, but biddings were languid, and only one property changed hands, viz., 537 acres, being R.S. 22737, 22738, part of Somerton Estate, Rakaia, which was sold at £6 15s per acre —£40—1155, Mr Thomas Morland being the purchaser. After the sale there were inquiries for the unsold portion of the Somerton Estate, which I have no doubt will lead to sales being effected. Buyers are operating with extreme caution. Privately I have disposed of lots 40, 41, and 42, the light land portion of Grove Farm Estate, fronting Graham's road, Tinwald, as follows, viz.:—Lot 40, con taining 30a 1 r 23p, £11 per acre—£334 5s 2d; lots 41 and 42, containing 65a, £10 per acre—£6so.
DAILY MEMORANDA—Tues., June 23.
