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The amount of revenue collected at the Custombouse on troods cleared for consumption to-day was £llßlss lid.

• A Wellington telegram states that the Wellington \yoollen Company have declared a dividend of 4 per cent, for-the half-year, making 7J per cent, for the year. The sum of £3,000 has been written off for depreciation of plant, machinery, and buildings. £2,000 is placed to the reserve fund and a certain amount is carried forward. The Kaiapoi Woollen Company's directors recommend the payment of a dividend for the half-year at the rate of 7 per cent., to carry £2,500 to the reserve, and the balance forward.


Mr Skene reports:-We take badly with this cold snap and stormy week. Work is almost at a standstill. We must just take the good and the bad, and be thankful that we are better off than the poor lambs on the ranges. Dairies and sheep stations are wakening up fast, and wages satisfactory.


~ 9' S. . Reeves reports that the return from the Enterprise dredge for this week is 240z 16dwt r» . ~ The Electric No. 1 dredge on the Kawarau still continues its successful career. For the last four months it has never got less than 350z (dnd that only, one occasion), 80oz, IDOoz, 120oz, aha IhOoz being about the average weekly return: and still the returns are kept strictly private. The latest addition to the dredging fleet at Alexandra (the Lion Rock) was launched at the Manuherikia last Saturday. This makes the sixteenth dredge within four miles df the town. Before next winter there will be twenty-two dredges at work m the district. It is computed that the weekly returns at present average about 600dz. This result has been brought about not by booming, but by the pluck and enterprise of such men as . r, al h. Gard, Spencer, Hyde, and others.— Lake County Press.’ -THIS LONDON MARKETS. The New Zealand Loan and Mercantile Agency -Company, Limited, have received the following cable from their London office: Wool—The sales closed firmly this day. Since close of last sales all descriptions of merino are id to Id per lb higher; also fine, medium, and coarse greasy cross-bfed. Fine, medium, and coarse washed and scoured cross-bred are par to id p£rlb lower. Other descriptions unchanged. The total quantity sold during the past sales is 167,600 bales, of which 63,000 bales have been taken for /he Continent and 2,f00 bales for America. It is estimated that 13,000 bales have been held over for future disposal, Tallow: Market slightly steadier.

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COMMERCIAL., Issue 10446, 16 October 1897

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COMMERCIAL. Issue 10446, 16 October 1897

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