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COMMERCIAL., Issue 8046, 24 October 1889
The amount of revenue oolleoted at the Oastom-house on goods cleared +n-d*y for consumption wa« Customs. L 985 18i lid; primage, Lsolos 8d; total, L 936 18s 7d. The Kaiapoi Woollen Company declare a dividend of 7 per cent., and carry forward L 2.802. Great complaints are made by the produce merchants and butter dealers in Auckland on account of being unable to ship their butter by the direct Bteamers. It seems that all the ovailable space by these ships has heen engaged up to the end of January by the exporters of frozen meat. Ab a result, butter packed for export will be a dead loss. Out of forty tons of butter in the hands of one firm awaiting shipment, only two tons will be taken by the shipping companies. MINING NOTES. In consequence of the death of Mr W, Gage the Dunedin Stock Exchange will be closed until Saturday morning. The following telegram was received to-day from Bosk, Westlatid:—"William Tell now crashing; machinery giving entire satisfaction; tram working well. Storing pushed ahead." A Welman dredge, which will be set to work on tho Lake Brunton claim, situated on the beach hotween Fortrose and Waipapa, has been ordered from England by cable. The dredge and pontoon will be considerably larger than those now at work on the Waipapa Company's ground, and the company should have the dredge out aDd started before the end of January. The dredge Alpha, leased by Mataura Mouth Dredging Company from the Invercargill Corporation, will be towed to Its destination on Monday next, the 28th instant, by the
Kakanui. tt is anticipated that the dredging operations will be commenced about tho Ist prnx.—' Mataura Ensign.' Mesßrs Kinoaid, M'Queen, and Co. are constructing mining dredges for the Waipori, Talisman, Upper Shotover, and Sandhills (Shotover) Dredging Companies The dredge for the first-mentioned company will bo of the following dimensions: Hul'„ 100 ft long, 19ft wide, with a depth of 5f fc. It iB being built of plate and angle Bteel, and the buckets can be sunk as low as 27ff. The space for the well runs up to a considerable height, and the buckets deposit the soil into a race, which runs aft some EOft. Two enginos will bo used—ono for working the buckets, the other for raising an adequate supply of water for washing purposes. The engines are compound and capable of being worked up to 1001b steam Aft»r the soil has been well washed in the sluice-box, the refuse will he deposited well clear of the stern of the dredge, the washing appliances being of an improved style, which will prevent any waste whatever. The dredge will bo so constructed that It will not be restricted to working the bed of the river, but will be able to cut its way into the solid ground of the plain adjoining the river, as the buckets are placed well ahead of the dredge, The Waipori Company'a dredge will, it is thought, be completed in three months' time, tho machinery being well in hand. This dredge will be one of tho largest built here, and will be fitted with boiler and engines of fortyeight horse-power. The dredge for the Talisman Company will be similarly constructed. Regarding the dredges for the Upper Shotover and Sandhills Companies, a new departure will be made, as the motive power will be obtained by means of electricity. The power will be generated on Bhore by means of water powor, which is available, and has been simply running to waste. The electric current will be conducted by wires laid on poles to the dredge, and a considerable saving will bo made in connection with the providing of fuel. Messrs R. S. Sparrow and Co. aIBO have a number of dredges in hand, with the construction of which satisfactory progress will be made.
[Brokers' reports and announcements may be inserted in this column on specially arranged terms,] WOOL AND SKIN MARKET. Messrs Arthur M'Donald and Co. repoit as follows for the week ending 23rd October: - Wool.—Our principal transactions during tho week have been in skin wool, inoluding WG, 80 bales at for super half-bred. Is for first half-bred, 10£ d for cross-bred, lOd for Lincoln, for tliirds, and 13Jd for merino; B, 24 bales various sorts, at ll£d all round; EJW, 10 bales, at from lOd to 13d. When grpasv wool reaches the market there will be no difficulty in selling at good 'prices. Sheepskins continue in active inquiry, and prices are advancing with the increased growth of the wool. Good to prime lots arc worth (ijd to7^dperlb. Rabbitskius.—Cable news from London is anything but satisfactory, and much below tho expectations of shippors generally. Tt has been the general opinion tbat pricrs would advance, but instead of that the season at Homo has opened with a decline. Tho season hero is now practically at an end, so it would appear that sellers hero have again this year had an advantage over buyers. Arrivals in tho meantime consist of springs, which range from lOd to 1h Id. A good demand continues in spite of the reported fall in London, and at time of writing several largo lines of station skins aro being treated for at prices about the same as those lately quoted. [By Telegraph.] Sydney, October 23 —Wheat: Chick feed, 3s 4d to 3s 5d ; New Zealand, 3s 8d to 4s 2d. Flour: Now Zealand stone-made, L9ssto L 9 10s; roller-made, LlO fis to Lll. Oats are dull: Feeding sorts, 2s 7d to 3s ; seed, 3s 3d. Maize, 3s 2d to bN 3d. Barley: Cape, 2sßd to2< lOd. Branisquietatßd. Pollard,7£d. Chaff: New Zealand cut, iM 10s to L 5 15s. Oatmeal, Ll3 to Ll3 10s, with tho market quiot. Potatoes, dull, at LC 5?, with a tendency to decline Buttor: Dairy-made, 5d to 8d ; factory-made, 8d to 9d. Cheese: Locally made, 5d to fid ; New Zealand made, 6d. Bacon, fid to 7d; New Zealand cured, 9d. Hams, Is. Mklbournk, October 23.—Wheat, 5s 8d Oata: New Zealand heavy feed, 3a 81. Maize, 4s 6|d. Barley, 8s 7d. Bran, Is ljd. Peas, 48 lid. Sugars: Fine Queensland whites, L2G; yellows, L2oloa. Adelaide, October 23.—The wheat market is stagnant at 4s lOd to 4s lid. Flour: Stonemade, L 9 10s to Lll; roller-made, Lll 10a to Ll2. Oats, 3s lOd to 4s 2d (duty paid). Bran, 8d to B|d. Sugar: Finest China whites, L 27.
COMMERCIAL., Issue 8046, 24 October 1889
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