Article image
Article image
Article image
Article image
Article image
This article displays in one automatically-generated column. View the full page to see article in its original form.

COMMERCIAL.

The amount of revenue collected at the Customhouse on goods. cleared for consumption to-dav was £2718s 3d.

The balance-sheet of the South British Insurance Company shows a profit for the year ended 31st August of £28.14012s 3d, which, added to the balance brought forward from last year, makes the amount at the credit of profit and loss £32,050 9s Bd. Out of this an interim dividend was paid in April last of £4,847 2s, and the following amounts have been written of!:—Sinking fund, Auckland leasehold, £75; ofiice furniture, £364 Is 9d; loss on securities realised, £B9 15s 2d; and £IO,OOO has been added to the reserve fund, leaving a balance of £16,674 10s 9d, out of which the directors recommend the payment of a dividend for the last half-year at the rate of 2s per share, making the total distribution for the year 3s 6d per share, which will absorb £6.462 lb’s and leave £10,21114s 9d to be carried forward to next veal’s account.

Business in the import market has been fairly good during the week. Sugars meet with steady inquiry, finest white Queenslands selling in trade lots at £2l; Company’s and China, £2l 5s to £2llos. Dried fruits are in good demand, with firmer market. We quote currants, 4Jd to 4ifd; sultanas, 6Jd to 6Jd; elemes, 6Jd to 7d. Kerosene is unchanged. Dressed Japan rice, owing to small stocks and increased cost, has advanced to £22; Patna is also well held at £2O 10s. The trade passing in spirits and beers has been up to the average.

MINING NOTES. Invercargill, October 2.—A cake of 3600z, valued at £1,480, was obtained from 243 tons in the Morning Star claim for twenty-one days’ work. The value of the gold won from this mine to date is £31,250. At a meeting of the Kyeburn Gold Dredging Company at the office of Messrs Scott. Corawin, and Co. shares were allotted. The company have purchased a dredge, which will be at work on the claim by about Christmas. Mr C. S. Reeves reports 260z lOdwt 7gr gold from the Enterprise dredge for this week. THE LABOR MARKET. , Mr Skene reports: The season so far would bo hard to beat. Work in country and town keeps fairly plentiful. Of course, we have always a few choice samples of grumblers. The new month will Bet stations agoing—shepherds, couples, etc. Wages keep up to the mark for the right sort.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18971002.2.31

Bibliographic details

COMMERCIAL., Issue 10435, 2 October 1897

Word Count
404

COMMERCIAL. Issue 10435, 2 October 1897

  1. New formats

    Papers Past now contains more than just newspapers. Use these links to navigate to other kinds of materials.

  2. Hierarchy

    These links will always show you how deep you are in the collection. Click them to get a broader view of the items you're currently viewing.

  3. Search

    Enter names, places, or other keywords that you're curious about here. We'll look for them in the fulltext of millions of articles.

  4. Search

    Browsed to an interesting page? Click here to search within the item you're currently viewing, or start a new search.

  5. Search facets

    Use these buttons to limit your searches to particular dates, titles, and more.

  6. View selection

    Switch between images of the original document and text transcriptions and outlines you can cut and paste.

  7. Tools

    Print, save, zoom in and more.

  8. Explore

    If you'd rather just browse through documents, click here to find titles and issues from particular dates and geographic regions.

  9. Need more help?

    The "Help" link will show you different tips for each page on the site, so click here often as you explore the site.

Working