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COMMERCIAL.

The amount of revenue collected at the Cush m-house on vooda cleared to-day for consumption was L 278 12s 2.1.

The special meeting of the Mornington Tramway Company next week pn raises to be an exciting affile. Tin dissatisfied shareholders intend to move that s’x of the seven of the present directors (Messrs H. Law, J. Ifnzlett, A. H. Jack, O. Either, J. Mitchell, and Wales) be removed and be replaced by Messrs A, Solomon, If. North, W, G. Geddes, B. Sicvwiight, A. P. Ik-rens, and T. Tomlinson, The directo s undertake to reply fully and completely to the allegations of the discontents; meanwhile a vigorous collection of proxies has been going on on both sides. THE MARKETS. Messrs Dalgely and Co, received the following ciblegram from their Melbourne branch on Saturday: —“ Now Z inland milling oats. 4s 3.11; market firm, with a good demand, especially for better qualities. New Zealand Chevalier barley, 5s 7d; market fluctuating widely. Grass seed, market veiy dull; prices easier, ” PROPERTY SALES. Mr Henry I arne r , auctioneer, Rattray street, at a sale held this afternoon, disposed of a section of land at Fussell street, Forbury, to Mr Passmore for Ll3 ; while a piece of land containing 31 pole- - , being lot 9, block 2, Bath street, Piimrose Hill, with residence erected thereon, was passed in at tho moitjagee’s h ; d of 1300. Messrs James A. Park ar.d Co. held a sale by auction of p operty to-day at their looms, Manse street, and r< port having sold, by order of tho Official Assignee, allotment 2, subdivision of section 3 1 , block 30, Dunedin, together with the h-ick tottaf c thereon, for the sum cf L 450, They also repoit selling privately, allotment 1, Sunnyddo, Roslyn, with cottage, for L 22 5; part of section 30, block 20, Scotland street, Dunedin, with dwelling-house, L 550; part of allotment 56, Linden, Roslyn, with cottage, L 22 5; allotment 4, block G, Roslyn, and dwelling-house, 11,112 10s; section 66, block 2, Ravensbourne. L2O; sections 1 and 2, block 12, Musselburgh, with cottage, L 240; a’so allotment 31, block 1, Abbotshill, with cottage, LIGO (by auction). THE LABOR MARKET. Mr Skene repoi ts : The demand keeps well up for countiy hands, hut there is no scarcity of men, nor likely to be, espeoia’ly in town. Wages; Couples, LCS to L 75; shepherds, LfiO; ploughmen, 20s; laborers, 15r and 17a 6d ; milkers, 10s to 20j ; cooks an 1 bakers, 20s and 255; rabbiters, 15s to 20s per week; grooms, 15s and 20s; gardeners, 20s and 255; boys for farms, 5j to 10s MUTUAL AGENCY COMPANY. Thu annual mooting was held on Saturday; Mr K. Wilson in the chair. The report mentioned that there was now eve’y prospect of a largo and profitable turn-over L ing done, and that the appointment of Mr George Todd as managing director had given great satisfaction. The profit and loss account was in debit L 5,591 11s 4d, being LI, 185 2s 2d mora than last year, leaving L 760 18s 81 to the good of the original cap’trl of 20s per share. Alt the bad ar.d doubtful debts had been provided for, except the los which mry have to be met in connection with tho lech Clutba and Te Hcuka properties, ard if present anfeipations were realised this loss would ho uernina 1 . 1 lie law costs amounted to the large sum of LI 69 7s Id, mainly caused by tie action of creditors who desired to wind up the company. A motion to appoint a special ccm-niltte to inqu'rc as to tho po.-ilionof the profit and loss account was mgatived. only Mr A. C. Begg and Mr Chisholm (Gore) voting for >t. Th’ repoit was adopted, and Mesrrs R. Wilson. H. Driver. J. Shearing, If. Koso, and J. M'Kenzie, M H.P., elect d direct rs. Mr R. H. Leary was reappointed auditor. MINING NOTES. Tho following a’e theßcefton battery returns for the past week:—Globe, 230ozamilgam from 190 tons; Kcep-it-Dsrk, 1330z amalgam from ICS tons; Golden Trca-ure, 60oz amalgam from 50 tons; Inkcrman, UCcz from 36 tons ; Inglewood Extended, goldfrom 359 tons; Sir Francis Drake, 3G z of amalgam for five days’ crushing. A meeting of the Dunedin shareholders of the We come Gold Mining Company was held on Saturday, 5,000 sha-es being represented, together with a like number in the Homeward Bound Company. The terms of tiro proposed f.malgamation of the Welcome and Homeward Bound Companies were fully discussed, It being pointed out that the proposed confession to the Welcome Company would not bo in the nature of a money payment, but in tho proportional division of shares in tho new company. It was unanimously resolved— “ I hat tr.c correspondence signed by Mr Fitzgerald and two others ho forwarded to the Homeward Bound directors, with a recommendation to tins effect: that if the sum of L 750 mentioned will facilitate an immediate amalgamation, the same should be conceded.”

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18890610.2.36

Bibliographic details

COMMERCIAL., Issue 7929, 10 June 1889

Word Count
826

COMMERCIAL. Issue 7929, 10 June 1889

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