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COMMERCIAL.

IBr Telegraph.]

The amoant of revenue collected at the Custom-house on goods oleared *n.<l»y for nonsumption was Customs, L 847 Us Id; primage, L 26 6s 9d; total, L 873170 10d. At Bangiora 100 shares in the Hquitable Insurance Company, on which 5a per share had been paid, were sold by auction for 10a. — ' Press.'

The Wellington Meat Export Company and the Wellington Meat Refrigerating Company are to be amalgamated, with a nominal capital of LIOO.OOty The annual meeting of the Dunedin and Suburban Coal pompany Was held yesterday, Mr W. Hislop presiding. Tho report showed a profit of LSO, after writing off all' preliminary expenses. 'lt was decided to endeavor to increase the capital'by placing some of the unallotted shares, failing which to call up 5s per share. The retiring directors were rc-olectcd, and Mr Harty appointed auditor. We thank Mossrs John Hercus and Son for the very fine sample of early potatoes which they have forwarded to us, accompanying the following letter, which points to the advantages derivable through the exchange of products between the North and Middle Islands, consequent upon their wide climatic differences:—"The Editor Evening Star—Herewith we have pleasure in sending you a sample of early potatoes (tho first of the season) from the Lake Takapuna district. We may state that we have been in receipt of shipments of various assortments of these potatoes for the past four weeks. Potatoes of such excellent : quality being produced in this colony st such an early date should do away with the necessity of any further importations from Australia." MINING NOTES. At the District Court (mining jurisdiction) at InvercaTgill yesterday Judge Ward dealt with an appeal from the Warden's Court at Riverton :—On3 Berndtson had been granted rights for a water race to command the Round Hill diggings. The work was of Borne magnitude, being twenty miles long. Berndtson *trngglrd with it till his means were nearly exhausted, and the work being; recognised as of col :nial importance, the Government offered to subsidise it on condition that the Wallace County also contributed. Preliminary to providing the money the Government sent a sur- ; veyor to ascertain if the route wero practicable. He laid off a somewhat different line, and the work proceeded on it. Tho County not finding a share of the cost, the Government retired from the agreement. Berndtson died, and the . wck went on elowly. The present applicants (Ward) applied to thiWarden for water rights from a creek which was one of the anurous of Betrndtspn's supply, and failing to it th>y lajd fompjaint that Mb

1 widow and assigns were not procoeding with the race'and asked forfeiture. The Warden did not think the circumstances called for so drastic a course, and imposed a fine. The Wards now brought an appeal fro the District Court. Iu .(riving his decision Judge Ward held that t!i • fino ha 1 bnen pioperly impound by the Warder l , and that the work, although it had proceed d slowly sifen, wai sufficient to make forfeitmo unfair. His Honor haid ho did not know ut another case where the Government str-ppm! <n aud dictated the course of a race which was accepted by the parties and the work proceeded with. He could not see his way to deprive respondents of the fruits of labor which had est L 3.000. The appeal was dismissed, with costs,

A company to work the Lake Brunton claim on tho Wiipapapa Beach has been successfully floated. The chum, which consist* of about fifty acres, with tho first right to six Government heads of water from Lake Brunton, will be worker by a AVelman dredge. The company expect to be in full working before the end of January,

[Brokers' reports and announcements may he inserted in this column on specially arranffed terms.] RABBITSKIN MARKET.

Messrs Arthur M'Donald and Co. report as follows for tho week ending 2nd inst.: We have transacted a very large business in rabbitskins since our last, principally in station lines, including NORTHBORN, POKOTOI, CLYDEVALE, KAWARAU, ORBTI, DOMF, M over two hearts. HERIOT over CT, B over M, OTEMATATA'.AVIEMORE.HYDE, HOME, SP, M in diamond over MS, OTAMA, J.G. aud Co., S.B.F. Co., H over MILRIP, GRENFIELD, T and L over ROXBURGH, GW, O over two horseshoes; in all. 252 bales, at prices in exco:-s of those ruling for smaller lots.

Tho soason is now practicdly over for rabbiters' and dealers' lots, with the exception of small lines which have been held back in the country. Tho market continues firm at 15d to 17jd for good to primest winter greys in small lots; other sorts in proportion. THE HEMP TRADE. Messrs Arthur M'Donald and Co. wiitc us as follows: — For some considerable time paßt we have given our attention to this important industry, with the result that wc are now of large orders from some of the leading houses in the line. Tho whole of our correspondents agree on the one all-important point, and that is: if New Zealand wishes to obtain a name for her hemp she must be more careful in the get-up of the flix than has, generally speaking, been the case in the past. Our friends point out that while there is little prospect of the recent high prices being again obtained in the near future, there is likely to be a good steady market for really first-class hemp for some time to come. There is one thing, however, that hemp will have to compete against, and that is jute, for already the Americans are using jute for many purposes which manila, tamp, and such goodrf were formerly used. During tho last few months several speculators, who had little or no knowledge of the articlo, made their appearance in this market, and it is supposed that owing to ignorance on their part of tho respective values of scutched and unicntched, they paid a much better price in proportion for tho lat'or; the consequonco was that tbey not only lost money, but induced the presence on the market of an inferior article. From the valuable information before us wc are thoroughly satisfied that there is a great future before New Zealand in hemp, provided stricf; attention is paid to proper scutching, bleaching, ets.

THE LONDON MARKETS.

Tho National Mortgage and Agency Company received the following cablegram from London to-day :—"Present values in London are: New Zealand mutton, 3s 1W per stone (81b). New Zealand wheat: Short berry, 34s per 4061b; long berry, 37s 6J per 4961b. Beans, 26s per 5041b." Messrs Reid, Maclean, and Co, agents for Mfssrs Nelson Bros., Limited, have received the following cablegram :—"Our latest quotation Homo market: Be-t mutton. 4;Jd; beef, hinds, 4 7-10 d; fores, 3 7-16 d per lb."

Sydney, Octob?r 2—Chick wheat, 3s 3s to 3s 4d; Hew Zealand milling, 3s 8d to 4s; Californian, 4* 6d to 4s 8d; Adelaide. 5s Id. Flour: New Zealand stone-made, L9ssto L 9 15s; roller do, LlO 5s to Lll. Oats: Feeding. 2s 8d to 3j : seed, 3s Id to 3s 2d. Maize, 3s Id to 3* 3d. Barky, 2s 8d to 2s lOd. Bran, 7*d. Pollard, 7Jd. Peas, blue, 4s 3d. Chaff: Best, L 5 10s. ] r otato:s : New Zealand, L 5 IBs toL6 ; Circular Heads, L 6 10«. 'ininns: Californian, L.'il; Victorian. L 32 Butter: Quiet and steady: dairy, lOd to Is. Cheese: New Zealand, 'fid to 7M. Bacon: New Zealand, 9d to O^'l; stocks working oft' slowly. "Melbourne, < 'ctobor 2 —Wheat is depressed; present quotation. fi>. flour: Stone-made, Lll; roller-made. Ll2. Oats (ex Caimtoul), 3s fijd. Maize, 4s Id. Barley, 3h 8R Bran. Is 3d. Sugar steady ; Queensland whites, L 23 to L 24. Eleven hundred hags New Zealand maize sold at auction at 3i lid.

Adelaide, October 2.—Wheat, 4s lOd to 4s lid. Flour : Stone made, LlO 15s ; rollermade, Lll 15s to Ll2 New Z aland oats, 4s 31 to 4s 41. Barley : Feeding, 3s 4d to 3s 6d ; malting, 4s 3d to 4s 9d. Bran, lOJtd.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18891003.2.28

Bibliographic details

COMMERCIAL., Issue 8028, 3 October 1889

Word Count
1,331

COMMERCIAL. Issue 8028, 3 October 1889

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