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COMMERCIAL.

The amount of revenue collected at the Custom-house on coeds cleared to-day for consumption was LI, 190 9s sd.

In an interview with an Auckland ‘ Star reporter, Mr J. E. Gilflllan, of that city, who has just returned from a visit to Lendon, said : —“ Comp aints were being made in London that the market was being rushed wul) (lax carelessly dressed, prinwpilly from AVellington. Home flax was sent Home full of brown ends mixed with half-dressed material, and this piactice, if continued, must bring New Zealand flax down in price considerably; indeed, it haa had tint effect ahead?. Tho last quotation by cable for medium was L3llos to L 32 per ton. Auckland-dressed fl»x is preferred before that which goes from Wellington, partly on account of the superior dressing of the former and partly because the Auckland flax is put up in bales of handy siz). Wellington flax is put up in largo, unwieldy bales, and for this reason is regarded as objectionable. In January, New Zealand flax was quoted at L 42 per ton, but that was for somo very so per lor parcels, remarkably well dressed.” In reply to the question; ‘‘Do you think the flax boom is likely to continue for any lergth of time’;” he said: “It will continue so long as wa produce a good article, and will command a fair and payable price. It is not likely that flax will ever again resell tho low prices that ruled a short time ago." THE GRAIN MARKET. Messrs Dalgoty and Co. have received the following cablegram from their Melbourne branch, dated 15th June: —“Crain market quiet; little doing. Prices arc all round less firm. Now Zealand milling oats, 4s 3d ; New Zealand Chevalier barley, 5s 6d; Cape barley, MINING NOTF. Mr AY. Hay Dickson, on his vi-.it to AVestport last week, completed negotiations for the purchase of the Mokikinui leases on behalf of a London syndicate. It is understood that his company will commence operations in about two months’ time.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890617.2.30

Bibliographic details

COMMERCIAL., Issue 7935, 17 June 1889

Word Count
335

COMMERCIAL. Issue 7935, 17 June 1889

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