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COMMERCIAL.

The amount of revenue collected at the Custom-house on (mods cleared to-day for consumption was LBl6 19s Id. Business during tho week in the import market has been moderately good. Sugars continue to advance, and the Auckland Sugar Company, having risen their prices L2 a ton, makes tho position very firm. The shipment just arrived from Mauritius by the Thurso is to bo offered at auction on Monday. A small business is passing in teas. In dried fruits rales are reported of currants at 4Jd, sultanas 5Jd, elemrs sd. Kerosene is firmer, and Is 9d is lowest quotation for 150 test. Milkmaid milk is worth 7s 3d, owing to scarcity. Colman’s starch, Coarse and fine sells at L 5 and L 5 5s resrcc'ivej. Cornsacks are offering at 6s 3d. Sales have been mule of raw and boiled oil at 3s Id and 3- 2 k Cna-sc castor oil, 3; 3d. Patna rice, up to LTIIO in bond. So far during tho current financial year the New Zealand Government railways have earned a net profit at tho rate of per cent, upon the capital invested in their construction. The average rate of interest on the loans raised for this purpose is estimated as below this figure, so that the railways arc now paying at least tho full interest on their cost. Gut of course it is not to be expected that this rate of profit can he maintained throughout the whole year. There is thought, however, to be every reason to anticipate that tho lines will pay ful'y S per cent, this year unless an unforeseen check should occur. By the Hauroto, which sailed for Sydney to-day, Mr M’Kay, of the Peninsula, shipped a large number of Alderney and Ayrshire bulls This is the last of a large shipment which have been specially grazed for the purpose ; but Mr M’Kay has given Me’bmtne the "goby” with his last few shipments, better prices being realised at Sydney. One young bub, which Mr M‘K»y bought for L 9, was recently sold at the Sydney market for L 67, the competition at the sales in question being extraordinarily brisk. MINING NOTFS. Messrs J. and W. Gage report the receipt of a telegram from Reefton announcing that the we kly return from the Globe Company was 2310z of amalgam from 175 tons of stone. CUSTOMS REVENUE. Tho Customs revenue for May is not yet complete, the revenue officer at Kaipara having mglectfd to forward his returns. So far the receipts show that la c t month L1T',032 was collected, as agairut L 116.045 for the preceding month, and 1143 815 f.r May, 1888. The amount collected at tho principal centres la-t month was Auckland L19.T90, WellUcton L 17.510, Lyttelton and Christchurch L 21.275, Dune in L 30.921. For tho two months of the financial year which have parsed tho returns show a deficiency of L 28.088 on the Colonial Treasurer’s estimate for that period. The b“er duty tax for tho month was L 4.14(, against 1.4,622 in April and L 3.924 in May. 188 sOf the first-mentioned amount Auckland contributed L 904, Wellington L 416, Christchurch L 843, and Dunedin L 998. In each instance shillings and pence are omitted. PROPERTY SALES. The Perpetual Trustees, Estate, and Agency Company of New Zealand report the sale privately of 260 acres at Catlin River for L 1.200. THE LABOR MARKET. Mr Skene report: The demand keeps healthy for farm, station, and dairy peop'e. In town prospects are gradually improving, and wages keep steady. (By Telegraph.] Sydney, June I.—New Zealand wheat, 4s 4d to 4s 7d, nominal. Melbourne, June I.—Heavy business is doing in oats at 4s 3d (ex wharf)

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https://paperspast.natlib.govt.nz/newspapers/ESD18890601.2.36

Bibliographic details

COMMERCIAL., Issue 7922, 1 June 1889

Word Count
614

COMMERCIAL. Issue 7922, 1 June 1889

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