COMMERCIAL

Evening Star, Issue 7246, 24 June 1887, Page 3

COMMERCIAL

Too amount of revenue ool!c*f.<<'. at the Customhouse on goods cleared to-day for oonxiimpLion *•'** LI ,09115s Od. At tho annuil meeting yesterday of the Pcrpct'ial Truitccs and Agency Company the report stated that tho profit and loss account for the year ended April 30 showed a gross inc-mo of L 4.460, and that after payine all expenses, including writiog off tho loss on tho Auckland cfllct, the not income was L7lO. Thi«, with tho available balanco from the previous year, allowed Ll.lOO for distribution, out of which tho payment of a 4 p.-r cent dividend was recommended. The report was adopted ; the Hon. W. 11. Reynolds and Mr W. Hislop were re-elected directors, and Jli ssrs E. Smith and W. Brown auditors. Tasmani n apples sent Home by the Oroza sold at 15s per half-ease in tho middle of this month; and the result is considered highly satisfactory. A shipment of draught horses, intended for the Melbourne market, was forwarded by the Woihora from Rattray street wharf to-day by Messrs James Duthio and Co., tho woll-known carters. Messrs Du'hio and Co. have sent several shipments to the Melbc urno and Sydney markets, and the present one, consisting of twenty-five splendid animals, has been specially selected by Mr James Duthio, and from their appearanco they should meet with a ready salo in the Melbourne market.

MINING NOTES.

Mr F. Evans, manager of the Phconix mine at Skippers, report" is fol'ows :-Before the frost set in the electric machinery that was contracted for to drive twenty stampers seventy blows per minute was driving thirty stampers eighty blows per minute, together with stone-breaker, requiring at least seven horse-power and air compressor to 401b pressure. It is now driving thirty stumpers and stone-breaker. Contracts for raising stone aro let for 1,000 tons at 0s lid, 2,000 at Bs, 2,000 at 8s 6d, 100 at 7s, 100 at 6s 6d. The r< serves in the mine are equal to twenty months' crushing power; at the same timo, extensive operations are being made to further development. LIO.OOO has been spent in machinery and exploration of this mine these last two years, which now enablo us to mako a profit in the quartz as low as 6dwt per ton. Wages are at 00s per week. It is a somewhat singular circumstance that the Ba'larat nuiget wis found within a few inches of the spot fromwhioh only on tho previous day Lady Brassey panned out a dish of washdlrt which yielded about 12dwt of gold. As the conditions on which her ladyship washed tho dirt were that she should receive tho gold from it, it would be interesting to know what would havo I een the issue had she happened to find tho welcome nugget. It is intended to oak her ladyship's permission to call tho specimen tho " Lady Brassey nugget." The nugget is valued at over L 720.

PROPERTY SALE.

The Perpetual Trustee*, Estate, and Agency Company yesterday held a pale of property at their rooms, when there was a good attendance and the following properties were sold :-Corporation leasehold, pection No. !>, Quarry reserve, Serpentine avenue, containing 87 polea, with dwelling-house (lease having six years and f.ur months to run), to Mr James Ashoroft, for L 350; freehold section 4, block 6, Oamaru, to Mr George Esther, for MIO; leasehold property in Goorue s'reet. hcing parts of sections 2, 3, and 19, block 21, with buildings thoreon, occupied by Messrs Becking, sale Cimpbcll, and Livingston, and Kincaid and M'Queen, to Mr M. Sinclair, fpr L 1.800; freehold property containing 33 poles, part of section 48, block 1, North Harbor and Blueskin district, with buildings, to Mr W. Miller, for L2O.