COMMERCIAL

Evening Star, Issue 7655, 4 July 1888, Page 3

COMMERCIAL

The New Zealand Native Land SettUment Company met ot Auckland to-day, Dr Pollen presiding. AH the resolutions on the Notice Paper, except the appointment of liquidators, which was deferred, were adopted. Our Mosgtel contemporary informs us that the Gladftsld farm has been sold privately at LlO per acre. An extraordinary meeting of shareholders of the En-lcavor Inlet Antimony Company in liquidation wag held at Wellington last night; Mr Macdonald in *ho chair. A memorandum from Sir W. Duller, issued to the shareholders of the coaipany, was read and considerable discussion took place respecting it. The former directors of the company, Messrs Held, Cr.»«e, Wallace.'Willeston, and L<<gan, expressed themselves in strong terms respecting the Inaoouraov of the statements indu'ged' In by Sir W Buller with reference to the company's resolution, to the effect that after having heard the views of the directors and manager of'the company, the shareholders were of opinion that the statements by Sir W. Buller are Inaccurate, and they request the directors to issue a memorandum giving the true version of the facts. |Tbe resolution was cmied unanimously. The liquidators, Messrs M'Donald and Crease, made a statement respecting the progress of the liquidation, and pointed out thit it was Impossible to close it until they had rroeived the balance of L4.C00 owing to the New Zealand Antimony Company. ' ' STOCK AND STATION REPORT. Mr Donald Stronaob (on behalf of the New Zealand Loan and Mercantile Ageroy Company, Limited) reports for the week ended July 4, as follows : Store Cattle.—There are no transactions of muoh moment recorded. We sold during the past week some lines of forward belters at satlßlaotory prices. Store Sheep.—Prices for all classes have firmed in sympathy with the better prices ruling for fat sheep. Translations pasting, however, are not large. Wool.—The telegram concerning the London wool sales now In progress oontlnue to be of a gatkfaotory nature. Our latest telegram from London Office

announces, th:»t competition is luoieasine snu ni&rkrt firmer ; while the rise In merino wool of W per lb is confirmed. The advices by 'Frisco mall, with returns cf wool sold In the April serif s.'have not been altogether satisfactory to shippers. Locally, only odd lots are offering, but theße are well onmpeted for. Sheepskins.-Thers is a keen demand for all lots Offering, and prices, especially for butchers' green skins, show a distinctly upward tendency. On Monday we submitted a fairly representative catalogue to a large attendance of buycis, and sold dry •ross-breds at Is lOd to 3s Id ; full-wools, at 4s 4d ; station merinoes 2s to 2a 2d, and for a special line 8s 81; butcher*' cross-breds (green) realised 4s 6d to 4s 9d for best, and 3s 5d to 4s 3d for medium merinoes, 2s 9d to Ss; lamb?, 8s 2d to 3s 70. We have also placed several large lines of freezing skins at full prices. Rabbit-skins.-The local market continues active, though prices are somewhat smaller than recently ruled. There ar* no very large parcels as yet coming to ftand for local sale, aiid it seems evident that the quantity coming forward this season will bo much less than last. We have orders on hand from America, and believe thit considerable business may yet be done by dleot shipments there. On Monday we sold 31 bags, principally winter skins, at up to Is 4d ; autumn skins at BJd to 9.jd. Hides.—All lots offering are rendlly sold at about l*te prices—viz.. aid toSJd forMlbhidasin good condition ; medium, ?id to 3Jd. As much as Id per lb is often lost in prioe through cuts in slaughtering. Oountry butchers might give special attention to this with great advantage to themselves. Buyers would far rather pay tho extra price for hides in good condition.

Tallow.—Everything offering is freely bought up, and prices here are relatively better than in the Home market. Good mutton tallow is worth 17s to 10s; medium, 14s so 16s. Rough fat commands read v sale at 8s 04 to 12s, according to quality. It Is hoped that the increased duty on candles will materially I strengthen the position of the local tr- de. Grain.—Wheat: There is no change to reoord In this market. Millers are not disposed to purchase but sparingly, though It Is generally conceded that prices have " touched bottom." In Oamaru and North Canterbury, from whence a large proportion of our supplies of primo milling is drawn, holders areforthomost part very firm, though we hear of some transactions passing at exceptionally low rates. Local quotations for prime milling are m to 3s Id, A shadomorc might be pjid for small parcelß of red straw or tusoju For second milling, of which there is a considerable quantity in store, there is really no demand, and it is difficult to see from whenco tho nuf'ct for this pl»ss is coming, unless it be for fowls' feed. For this latter class there is a good demand for shinment at 2s 2d to 2s 4d for whole wheat in good condition. Inferior is more diitl Milt of sale at Is 01 to 2s All quotations aro ex store, bags weighed in.—Oats: This market oontinues strong, with a decidedly upward tendency. The opinion is gaining ground trnfc supplies, especially of prime sorts (both feed nnd mil'lng) will prove much le«s than last year, and that an oil-round advance is inevitable during the next few months. ITolders arc for the most part very firm in their demands, hut buyers aro loth meantime to pay nn inorensed prioe. as outside marksts present little inducements meantime. The difficulty of obtaining freight is Btill a 1-arrier to business. Prices during the week have been as follows. on the basis of our actual sites :-For milling. Is Bjjd I to Is 9Jd (at whfch latter price we sold a largo linn. JK, Gore); heavy feed, Is 8d to Is B|Jd; Diulsh are Inquired for at Is 7}d to Is 8d (we sold a medium parcel, HJ, Heriot, at the latter price); long Tartarians are in good request at Is BJd to Is 9d, hut not many choice lots arj offering; small sales of black Tartarians cintinue to be made at Is lOd to Is lid. The above quotations are all ex store, bags weighed in.—Barley: Sales are still difficult to make at anything liko late rates. There is a small inquiry for milling, but holders arc not yet willing to accept the prices offered. Previous nominal quotations are unchanged. Ryegrass Seed.—We can record no improvement in this market. We havo sold pirrHo of Poverty Bay seed during the past week, but fir S inhere « owth thero is little or no inquiry, Dairy Produce —Cheese Is firmly held, and prices (4Jd to fill) are likely to be higher. The principal Australian markets give promise of better returns for this product.—Butter: Prime is verv scarce and dear. Tenpence to lid (kegs extra) has been paid during the past week for choice parcels. Prices in Sydney, pur chief export market, are now somewhat weaker, I nt the outlook for the next few months encourages the hope of present pnoeß being maintained locally, and thereafter, say from September to February, the London market should afford a profitable outlet for prime potted. PROPERTY SALES. R C. Reynolds and Co., as agents for the vendorp, report having this week disposed of allotment 5 of section 11, blook 20, Union street, with sixroomed UrteU Viou-.e tYiereon, o.™l poriion ot section ©, \>locV. 27, with 62ft frontage to, lla>bor terruce, by prlvats treaty, at satisfactory prices.