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COMMERCIAL.

The amount of revenue collected at the Custom-house on goods cleared to-day for eonsumption was L 842 9a 7d.

Business, as is customary at the beginning of the month, has shown improvement during the week. Sugars continue to fall ia price, with only limited demand, and in the present position of the market it is scarcely possible to give definite quotations. A few small sales of teas are reported. In dried frnita currants move off at 4£d to 4sd; sultanas up to 1 RJd; elemes, 5d to Bid. High-test kerosene has been sold at Is Case spirits have been in good inquiry, while the usual busi ness is passing in bulk at agents’ quotations. Coarse castor oil is worth Ss fid; raw and boiled, 3a Id and 3s 3d. Colza, Ss 9d Patna rice has been placed at L 22 doty paid; dressed is in full supply. For the year ended March 31 tha receipts at the principal railway stations in the colony were Auckland—coachingd—coaching L 14.845, goods L 16.489; Napier, L 11.665; Wellington, L 22.062; Lyttelton coaching L 6 289, goods L 50.793; wharves L 3.626; Christchurch passengers

L3O 028, parcels L 4.497, goods L 20.269, cashier 13,099; Ashburton, L1T,179; Timaru-ooachmg L 9,744, goods L 11.940, wharf L‘2,048; Oamaru —coaching L 11.065, goods L 10,628 ; Dunedin passengers L 30,243, parcels L5.14J, goods L 34.134 ; Invercargill coaching L 12.923, goods L 18.934. The total receipts for the Hurunui-Bluff section wore 1)617,504. We have revived the report for the year 1888 of the New York Life Insurance Company. It shows that uniform growth in all important points which has characterised the progieaa of the company since ita establishment in 1815. The endowment and annuity business of the New York Life is larger than that of any othercompany in the world, a fact which affords striking evidence (were any needed) of the public confidence it enjoys. We notice that Mr O. Theilmann, lately of tho National Bank, has been entrusted witir the management of the company’s affairs in Otago, An advertisement cf the company appears in this issue. During July forty-fivo males and twenty-four fern ilea arrived at Port Chalmers from the United Kingdom, anil two men from Now South Wales. The departures during the same period were four men aed two women for tho United Kingdom. A limaru telegram states that Mr Jonas’s tannery was yesterday taken over by a joint stock company with a capital of L 5.000, The annual report of the Wellington Meat Export Company states that the company has frozen during the year ending Juno SO 120,322 sheep and lambs, and 5,080 head of cattle. The extensions now in progress will increase the company’s freezing capacity to I.sOO sln-tp per diem. After writing off L 2,062 Is 3d for depreciation of machinery and buildings, and paying 8 per cent, dividend, there will be a balance of LB9l 7s 5d to carry forward. These result) have been obtained with a freezing charge of three-eighths of Id per lb. There was a very lively meeting of the creditors of Banner and Liddle at Napier yesterday, lasting over three hours, and some personalities were indulged ia between several creditors. Nothing definite was done except the reception of a report by an accountant, which showed the firm to have been insolvent for several years past, although the partners continued to draw ant very liberal salaries. LONDON RABBITSKIN MARKET. Messrs Arthur M’Donald and Co. are in receipt of the following cablegram from their London agents, dated 2nd inst.; - “There was ft large attendance of buyers at the rabbitskin tales held to-day. The catalogues were unusually small. Best descriptions sold well at about equal to last sale’s rates to a shght advance; while autumn, summer, and inferior winter skins irregularly, principally in buyers’ favor.” THE LONDON MARKETS. Tho New Zealand Loan and Mercantile Agency Company have received tho following cablegram from their London office, dated tho 2nd inst,Wheat: Tho weather is unfavorable for the crop here. Tallow: There fair trade demand. Good mutton is worth 27a 3d, and good beef 26s per owt. Kabbitskins : The whole quantity offered was sold. Frozen meat: Price cf mutton has declined id per lb since last report. ” Messrs Reinshardt and Co, are in receipt of the following cable from their London agents, dated yesterdayAt the auction sales held to-day there was a full attendance of buyer;, but only a small quantity offered. Prime, thin-pelted winters were in beat demand, and sold at about the* level of last sales. Out-of-season sorts wero at par to Jd per lb lower.” MINING NOTES. A Reeffcon telegram states that there is great excitement over the prospecting of tho Scotia and Inkerraan Mines. Shares In tho former have advanced to 12s 6d, and tho latter to 15s and 15s 6d. Three months ago shares in each company were about ss. Large sums have been made by investors—in soma cases thousands of pounds. Speculation is very rife. Messrs J. and W. Gaga report the receipt of a telegram from Reefton announcing the following returns; —Keep-it-Dark Company, 2290z of amalgam ; Globe Company, 1650z of amalgam for tho week. In this issue appears the prospectus of tho Golden Causeway Quartz Mining Company of Nenthorn, Limited, with a capital of L 12,500, in 50,000 shares of 5s each. Tho properties offered consist of ninety acres of land adjoining the leases of the Blue Slate and Croesus Companies, which are considered to be two of tho most valuable mhos on the field. Throe reefs (one of which is said by experts to be tho continuation of those now being worked by the Creesns Company) have been traced through tho three Cairns held by tho company, and at one point the deepest shaft on the field has been put down to a depth of 70ft. The company own a water right and battery site, and tho natural facilities available for working the payore at low cost are stated to be equal, if not superior, to anything on the field. The brokers are Messrs Walter Hislop, Leslie A. Norman, J. A. Chapman, and Alexander Cross (Invercargill). [Br Telegraph.] StdnßT, /ugust 2.—The breadstuff's deliveries for the week wero 385 tons of flour and 100 tons of wheat from Adelaide, 901 tons of flour ard 51 tons of wheat from New /island, and 227 tons of flour from Victoria.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18890803.2.23

Bibliographic details

COMMERCIAL., Issue 7976, 3 August 1889

Word Count
1,059

COMMERCIAL. Issue 7976, 3 August 1889

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