COMMERCIAL.

Evening Star, Issue 7474, 19 March 1888, Page 3

COMMERCIAL.

The amount of revenue collected at the Customhouse on goods cleared tc-day for consumption wss L 1,344 13s lOd. The crops, especially the wheat, in Ida Valley (says the * Mount Ida Chronicle ’) arc generally fairly heavy, and will yield well on threshing. Mr Soain has a splendid field of wheat, averaging about 3fb in height, with long heavy ears. The soil of Ida Valley seems to be particularly adaptable to the purposes of agriculture, and produces as a rule prolific crops of wheat. Nearly, if not quite, the whole of the land from above Poolburn to within a few miles of Rough Ridge has been selected and fenced in by settlers.

THE LONDON MARKETS. Tho New Zealand Loan and Mercantile Agency Company (Limited) have received tho following cablegram from their London office, dated 16th inst : mutton weighing per circles 601b to 651b is worth 4g!b per lb, and prime New Zealand lambs are worth per carcass CJd per lb." THE NATIVE LAND COMPANY.

The lo'lowing extract from a private letter to a local shareholder from a gentleman at Gisborne will be interesting to Oamaru shareholders in the New Zealand Native Land Company The company's prospects are, I think, slightly improving. An offer to the bank is now pending. It is shortly this: 1. The Natives, by trustees, ate to take over all the real estaic, burdened with the overdraft, and all mortgages consolidated. 2 The shareholders are to be released from all further liability. 3 The margin of assets not real estate (about L 20,000) are to be divisible among shareholders, it the bank debt is paid off in three yean. The trustees can do what they like with the properties by way of sale or mortgage, and have three years’ time, the bank dropping the rate of interest to 8 per cent. The Natives have practically agreed to these proposals, and now the deeds have to be signed, and the shareholders' consent obtained. We are not out of the woo 4 , but on the edge. Meanwhile all litigation (or calls is being eated off.'‘N.O. Times ’

MINING NOTES. Operations at Reefton were at a standstill last week owing to the heavy rains, but no damage to the mines is reported. The share market is very dull. White’s Company at the Old Man Range (Clyde) report a crushing of 1920z of retorted gold from 140 tons of stone. It is reported that silver ore has been discovered tn the Clifton Station, Walau (Southland). Tho mine manager of White’s Reef, Alexandra, reported (n Salt r 'ay a yield 1920z retorted gold from 140 tons of stone.