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COMMERCIAL.

The amount of revenue collected at the Custcra-honse on roods cleared to-day for consumption was L72810s 4d A fair business has been done in tho import market during the week, and orders from the interior and coast having been above the average, keep distributing houses moderately busy. Sugars continue very firm. Snowdrop and China bring L2B 10s ; grey to white, L 27 to L2B. Teas are in a little belter inquiry, but pi ice rules low. Dried fruits are quiet. Currants bring 4§d ; sultanas, sjd ; elemes, ssd. In fish, salmon has better busine?s. Ordinary brands have been sold up to 9s 9J ; sardines (halves) are worth 8s to 8s 6d, quarters 4a 6J to 5s ; fresh herrings, 6s 6d to 6s 9d, Column's starch and Swiss milk are scarce. The stock of case sp'ritp, which were cleared before alteration iu duties, is becoming very much reduced, and a good trade has set in for several of the favorite brands of whisky. Walker's has been sold at 21a; rater’s special reserve, 235; Glenlivet, 19s; Lome, 17s 6d; Burke’s and Danville’s, 16s; Hennessy’s brandy, 36s 6d. Small sales of Patna rice are passing up to Ll4los, in bond. Dressed Japan is in over supply. Kerosene, high test, is moving from Is 8d to Is 9d, Cornsacks, 6s 3d; and coarse castor, 3s 3d. At the Colonial Insurance meeting the other day the chairman (Mr Harcourt) said that the prospects of fire insurance business in New Zealand were much more hopeful than they had been for some years. In most parts of the colony a fire tariff had been established, and it was to be hoped that before long such a tariff would be adopted in Otago, In Brisbane also a tariff had been established. A return published recently showed that during the four months end'nit 1888 the amount of premiums paid was L 100.300 and the losses L 216,000, or L 145,700 more than tho total premiums received. Adding the cost of working expenses the total loss would amount to over L 175 000. He believed that some towns in New Zealand wopld show the same result if the information ctrald be cjlleoted. In marine business competition was still very keen, but there were indications of improvement. Many British offices showed great Increases in this' business during the past year, seven Liverpool offices showing an increase In two years of 135,000,000.

THE AUSTRALIAN MARKETS. Messrs Dalgety and Co.’s Melbourne branch reports under yesterday’s date s—"New Zealand milting oats(market is getting gradually firmer), 3s KM ; New Zealand chevalier barley, good ‘o best qualities. 5s fid; ryegrass, 3i 91; cocksfoot, 3d.”

Their Sydney branch reports under date of the 10th“ Considerable quantities of wheat are offered, but demand is dull. Market quota tions are: Prime Tuscan 4a 9d Huntei’s 4i fid; New Zealand feed oats, 3s 3d (market likely to remain dull); onions and potatoes (market firm, without change in prices); oaten chaff, LG 10s (market firm, with a good demand).” THE LO.NDON MARKETS. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following telegram from their London office, dated 17th inat.“ The wheat market continues drooping. New Zealand f.a.q is worth c.i.f,, off coast, 33s 6d per 4801b nominal value. Tallow is in good demand and has advanced Gd per cwt since last report.”

THE LABOR MARKET.

Mr Skene reports: - Country work improves, and the demand for all sorts of farm people is very encouraging. Town follows suit. Wages: Couples, L 65 to L 7 5; shepherds, LGO; ploughmen, 20j ; laborers, 15s and 17s Gd; milkers, 10s to 15s, and 20s; cooks, 20a and 25a; grooms, 15a and 20s; gardeners, 20s and 25s ; store hands, 15s and 20s; boys, 5s to 10 1 ; bushmen, 5s per cord.

PROPERTY SALES,

E, O. Reynolds and Co. offered by auction at their rooms tc-Jay sections 1 and 2, block 12, St. Kilda, with four-roomed house, when the bidding reached L 315. The lot was passed for L 320. They report having soil privately part section 10, block 7, Maclaggan street, to Mr Charles Branson; part section 0. block 6, town district, fronting Main South road, to Mrs R. M. Harrison ; sections 69 and 70, wharves and quays, Athol place extension, Haibor Board lease, fourteen years, to Messrs R. Findlay and Co., Limited, at upset.

MINING NOTES,

Messrs J. and W. Gage report the receipt of a telegram from Keefton announcing the returns for the wok as follows:—Globe Company, 2210z of amalgam; the Keep-it-D«rk Company, 360 ’z of amalgam from 190 tons. The Nelson Company, the Perseverance Company, and the Great Extended Company bare intimated to the local directors of the Blue Spur and Gabriel Gully Consolidated Gold Company that they have determined to resume possession of their claims, owing to the balance of the money on mortgage not having been paid according to agreement. ‘Tuapeka Times.’

Contrary to general expectation, Captain Pearce did not on Monday bring with him the cash that was promised the owners of the O.P.Q mine>, though he assured them that everything would work out all right in the course of a month or two. The miners, apparently, were well satisfied with the captain’s statement.— lbid. The final payments were made on Wednesday on behalf of the Blue Spur and Gabriel Gully Consolidated Gold Company to the Tailings Company, the Otago Company, and the Tuapeka Water Race Company. The money was advanced through the agency of the Colonial Bank, in whose favjr the deeds 1 ave been drawn out. The position now is that the bank hold as security the Tailings Company’s property for an advance of less than L 3,000, the Otago Company’s mine for an advance of about L 1,400, and the Tuapeka water race for about the last-named sum. It will be remembered that the Consolidated Gold Company about twelve months age paid the difference in the stipulated price as a first instalment —lbid.

(By Telegbaph.] Sydney, May 18.—The sale of grain ex Hauroto realised as follows: —Chick feed, Ss fid to 3s 8d; Hunter’s white and pearl, 4s 2d to 4s sd; prime Tuscan, 4s fid to 4s 9J. Oats: Faulty, 2a 9(1; medium, 2a lid to 3s 2d; miliirg, 3s 3d to 3a 4cl; prime feed, 3s 4dte ,'L fid. Maize, 3s 3d, Bran, Is Id. Pollard, Is 2J.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18890518.2.27

Bibliographic details

COMMERCIAL., Issue 7910, 18 May 1889

Word Count
1,056

COMMERCIAL. Issue 7910, 18 May 1889

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