COMMERCIAL.

Evening Star, Issue 10339, 12 June 1897, Page 2

COMMERCIAL.

The amount of revenue collected at the Customhouse on goods cleared for consumption to-day was £316 os.4d. Business has been rather quiet in the import market during the week, with values of leading lines generally unchanged. PERPETUAL TRUSTEES. ESTATE, AND AGENCY COMPANY. The directors, in submitting their thirteenth annual report and balance-sheet, state that the profit Sod loss account shows a net profit for the year of £1,475 17s 2d. which, added to £2.518 lis lid brought forward from previous year, gives an available balance of £3,994j951d. Out of this an interim dividend at -the rate of 12J per cent, per annum was paid "for the half-year ended 31st October, 1896, which absorbed £607 17s 4d; and the directors recommend the payment of a divident at the same rate for the half-year now closed, and carrying forward the balance, £2,978 14s sd, to next year. A SATISFACTORY BALANCE. The Hawke's Bay Farmers' Co-operative Association had a credit balance on the year's operations of £2,138, whioh is to be appropriated as follows:—A dividend at the rate of 7 per cent, per annum on the paid-up capital, a rebate of the charge received for dumping wool shipped on account of shareholders of 2d per bale, a bonus of 2J per cent on all purchases of goods by shareholders, and a bonus of 50 per cent, on all commissions earned on business contributed by shareholders. MINING NOTES. The Moonlight Sluicing Company, Limited, have declared a dividend of 4s per share. Mr C. S. Reeve? reports 240z sdwt 6gr of gold from Enterprise dredge for this week. The ' Tuapeka Times' has receive! information of a reliable nature to the effect that the Electric dredge at Cromwell had washed up bust week, and that the yield exceeded anything in the dredge's previous history. The Moa dredge has struck exceptionally rich gold. THE USB OP CTANIDK A conference of people interested in mining in the Hauraki Peninsula (Auckland) was held yesterday for the purpose of considering the probable effects of the recent decision of the Supreme Court at Wellington in respect to the Cyanide Company's patent The chairman (Mr James Russell) said that, shortly put, the Ousel Company's amendment that was granted would mean

the payment of of Mr Jastic*Sgw*tfr "W&fc thought, be appealed against Ho. taMm'MS w Government could appeal, Mjtj|miw-who' opposed the amendment Antr 4nW*» diecMi gfon, the following resoluttof wf»^c»ri«l:—« "That the meeting are of opinion- takt if tte Cassel Company are suooenfol inj»ocuring u' amendment of their patent it affect the mining industry of the &m£ J*«u further agreed to ark the Chamber' M Ctonw**. to urge on the appeal;: ing in the present case, and abo in opsosinjrany claim of the Caasel company to increase thea patent rights in New Zealand. A longdis6netioneiisiie»y in which it was said that the decision would be fatal to the mining industry where there was a .large quantity of low The matter was left to the who immediately met and and cables, including one to lt>Sedaon,iWmumV«at the anions result of the dec'uten, jmd Mking assistance in continuing the appeal . -. At a meeting of the Auckland Chamber of Mines this morning a telegram was reoeiwd from-: the Under-Secretary to the Muaster of Jfinea,; which stated that it had been decided to carry tfte, cyanide patent case to theCourtiS Appeal. THE LABOR MARKET. J Mr Skene reports:—The short days weaken the demand. We are in luck bo far—very little lost time. Who would think Of work for the next two weeks? We will be fnUy employed proving - our genuine loyalty to the Throne. A few farm and station people are meving at fair wares. IMPORTATION OF BICYCLES. The value of imports of bicycles into New Zealand for the March quarter U a fraction over that for the preceding three months, but there is a falling off of about £&000 in the value of imports of bicycle materials. The following are the figures for the imports of six months from October 1 to March 31 last:- \

Thus in twenty-six weeks we have imported 6,828 bicycles, or an average ot 262 a weekv.besides a weekly value of £1.387 of bicycle materials. Into Wellington alone the number of machines is about 104 a week. The aggregate value of bicycles and materials plus duty paid is £130,860, or an. average per week of £5,033. The average declared value of bicycles is about £ll 7s, minus the dutv of 20 per cent.—'Trade Review.'

1 Number. 1 • * X 1 I Auckland... 850 Wellington 2703 Lyttelton... 1051 Punedin ... 1645 Other ports 679 £ 9,479 29,5"6 11.128 19,187 8,271 £ 6,227 7,263 16,956 4,668 1,677 £ £ 15,706 2,646 36,768 5,985 28,804 3.159 23#9 3,749 9,848 1,785 6828 £77,570! £17.224