COMMERCIAL.

Evening Star, Issue 7183, 11 April 1887, Page 3

COMMERCIAL.

A lari's failure in town is reported, the liabilities being stated to be over L 40.000. In 1884 Mr George Crosbie, farmer, of Wjndham, imported from America one pound weight of Pringle's American Triumph oat; cost, 6s 8d per lb. He sowed it in the usual manner, and the return was 1791b from the one pound sown. Last year tho product Qf the above was 8,6401b, of 216 bushels. This year he has just threshed from 45 bushels of seed sown, 1,886 bushels, or 82 bushels per aore, and a sample of same can be seen at the office of the National Mortgage and Agency Company, Invercargill Mr Qrosble is so sanguine of the superior qualities of this oat that he is confident it will produce 20 bushels more per aore than any other kind 6t oat in the Colony,—' Southland Times.’ The beer boom in England continues. Tho business of Allsop and Sons (Burton on Trent) was thrown open to the public in February. The price to be paid to the vendors for the entire property was L 8,300,000, one-third in stock and shares, and two-thirds in cash, as received by the Company. A stream of applicants besieged the temporary offices, eager to obtain copies of the prospectus. The pressure of applicants was so great that a strong body of police was needed to keep order, and it was foijnd necessary to dose the doors at half-past eleven, the information being then given

that no more prospectuses would ho given out tha doy. The ordinary shares were extensively dealt with at a premium nf SJ to 3J, while the preference were at a premium of 2, and even the T.IOO debenture stock was being dealt in at from 4to B premium. A very considerable omount of business was done at these prices on the London Stock Exchange. Copioi of the prospeoiua were sold at from Is to 2s 6d each. MINING NOTES. Dredging on the Clutha and Kiwarau Rivers has proved a failure. T.vo ventures ttiat have recently gone into liquidation spent L 3.000 between them. The returns of the Reefton batteries were ; Globe, 5190z of amalgam from 190 tons of stone; Welcome, 3770z of amalgam ; Keep-it-Dark, 3340z of amalgam from 200 tons; Progress, 3040z of amalgam ; Just-in-Time, 184oz of amalgam from 95 tons; United Alpine, ISBoz of retorted gold; Nil Desperandum, 1450z of amalgam from 125 tons. The Reefton correspondent of the ‘Daily Times’ wires that alter three adjournments of the extraordinary meeting of the Welcome Company called for the Bth Inst, to consider the advisability of amalgamating with the Specimen Hill and Homeward Bound CompmioH, it was resolved—- “ That the Homeward Bound Company be voluntarily wound up on the Bth June next, p-ovided that the proposed purchase can be successfully carried out, and that the Weleome shareholders shall receive LB,OOO more In cash and L 2.000 more in paid-up shares from the general division that was proposed In the circular issued to shareholders." This was carried, and a vote of thanks was passed to Mr Spedding. The arrangement come to is practically that Iha Specimen Hill and Homeward Bound Companies will receive L 2.800 each less than originally proposed, the Weleome shareholders benefiting to that amount.