COMMERCIAL.

Otago Daily Times, Issue 6736, 17 September 1883, Page 2

COMMERCIAL.

■•-■-•••■ D»iiy Times Offlco; Saturday erenlng. Tha jnucauj ef Customs Ravoauo received to-d&y on goods ontered for consuhiiilton was £923 6a 01.

Wo cannot tepOrl any improvement In business thia moiitli as yet. There is nothing whatoTer doing boyolid trado purchases o( a gonoral character, rvnd transactions aro limited in extent. ,TRo Hogging market 13 vory quiet Smdl spot purchases of woolpacks are mado at 9s 7d ?o 2s 8d per pack, Ult forward business ie Cot active. Cornsacks aro not lt quired fcr beyond a few small spot sales at 7s 31 per doion. Caudles aro firm at 9Jd per lb; lccil manulaoture, however, secures tho bulk ot tho business. Ceinant is hardening, and lis per barrol is now readily paid for parcels ex warehouse. The fruit market is very doprois;d. Prime currants are worth 511 per lb, but businsss is slow at this. Elemes and Sultanas rulo at (i-jd per lb. Figs -wo quote 9i por dosen, and good Mmcatels, ls to Is 2d per lb. Fish of all dcsCfiptioas ii quiet. American faliuon U caiior at 8s 3d por dozon. Sardines are firm at 10a 6d to 10s 9d per dozen for haivofl, and 6s 6d tor quarters. The demand, howover, is limited. Tho hop market it very unsettled, and to effojt tales very low prices have to be accoptcd. Tho foport of tho opening of ■ tho English Hlarkct, however, hardly justifies the fall that has taken placo horo, and wo should not bo a.irprised to.soo a recovery. Galvanlscd.irou is a drug in the market at present and p.ircoliof good brands aro procurable At *_22 to £-2 10j yor ton. Fencing wire is also quiot at M.U to £13 10a i>er ton for No. 8. Kerosoue is unchanged, but a fair amount of Noonday has bean piao d out of a recent arrival, supplies in tho market having previously run very low. lUw and boiled lime, d oil sell at 35s and E7s per galloi in drum*, nn I Colza at 4s Gd per gallon. Iho sugar market U very firm, and holders of puro snowdrop, cau coinnian-l £, 14 to £31 -lOi per ton for thoir stock-i; whilo a good White secures Ji'J3 to £,3 IW per ton. Yollow sugars aro in good demand, and supplies are not by any moaos largo. Wo hear of good silos having bsjn effected at £29 per ton. Tea has betn solli.-g a litt;.o mote freely during the week, tho cheaper descriptions apparently being Sn m3£t request. In tho g.aiomarket, whrat for mll'ing purposes continues to meet with fair inquiry, and gnoico samples of Tuscan havo been quitted ah. 43 4d per bushel. Primo velvet itominands 4s 2s to 4s 31 per buahel, and red ktraw 4-i to 4s 2d pur bushel. Oats are in fair demand for shipping, and are placed at ls lOd to Is 14d per buihol for blight heavy feed, and at li lid ta 2i per bushel for prime milling. Prime maitlug barley Is saleable at 4s Od por bu-hol. Town IL'ur eul:s at £10 5s to £10 16s par ton, and oatmeal at £1010s to £11 por ten.

Tho directors of the Olago Daily Times and Witness Company (Limited) have declared an interim dividend for the half-j ear ending July 31 at tbe rate of 8 percent pcraiumni. Theropoit-of tho directors of the Kaitangata Railway ond Coal Company (Umited) f>r tho year ending August 31 shows a balance standing to credit of profit and loss of £0511 Oj Sd. The directors recommend that this balanco bo applied in payment of a dividoml at tho rate of 10 per cont. per annum for the lait six months of the year, making, with tho interim dividend doclared for tho llrst six months, 10 per cfcut. fcr the jo>r, together with a boi.U3of £1 per Elare. Ibis will absoib £3.03 10s, and will leave a Inliince of £3212 19a Sil, which the directors recommend should be carried forward. An extension ot works and an addition to isa.hincry are proposed during the coming year, and it is expected the amount carried forward will cover Ihe coi sequent expenditure.

MININO,

NOTES FROM REEFTON. [Br TiiUOßArn) (raoa our own coßimsroSßixr.)

B KOTOS, September 13. A slight improvement io tho stock market is noticeable tc-day, and although salu have not bi.cn very numerous, yet an inclination to invest 13 manifest. Holders, however, do not soam anxious to sell at late quotations, and, as a rule, are lookiug for an advance Several orders yet remaia uncomploted on thataccount. It is oxpevted tint shortly the marktt will establish itself on a firmer- b_isi?, and more accommodating prices become prevalent. The late lino weather has afforded a.i excellent opportunity to push ahead the various outside works now progressing in all part) of the li; Id. The gen-iral aspect of tbo mines is asstiriug; and as progressive works in connection with ttu claims advance tiwards completion, moro attention will naturally bo paid to tbe district by the outsidi public than has hitherto obtained. In the Murray Orcok things mainlain an oven teaor. Tr.c Keep-it-Dark has been crushing regnlarlv sinco last general clc&uing-up, three weiks lince. The stone is of av.rago character. The week-, amalgam from 190 ton* ii 3580z, which, together with the t« previous weeks' yields, make up the amount to 1003OZ. This was retorted this afternoon, and 3420z gold lodged with the bank as vho result. The general clcsnmj-up will bl made at the end of tho month, two Weeks yet remaining. There is no change in the appearance of tho mine. Satisfactory progress is bting mado with the driving ia the bottom levol. Preparations arc bnng mado for an early crushing at the Eneigetic The stone in the machino level still continues of fair quality, with tho size of rjef uiwltored. , - Golden Treasure.—Work in tho bottom-level drive is being advanced as fast as the nature of tho ground permits. Tenders for conveyance of machinery from Black's Point to tho milt are being invited. It is hoped that the new real will admit of traffic ahortly. ... The Inglewood Extended mine looks very well in tho bottom level, where only a few hands are employed driving along the reef until the machinory is erected. Tender* for conveyanco to the Phoenix and Inglewood machiDo slto from Black's P_.iut of castings and other material (or the mill will close en the 24th Inst. Tho County Council invite tenders for constructing a road from tho cud of Murray road to the Phoenix tunnel.

The Btone ip the Golden Fleece mine Is not yet improving much, but a change might take place at any time, judging from former irregularities in the lode. The rock-borers and the diamond-drill are working well, the latter making about 10ft per shift. Venus.—Tho contractors are still busy driving on the main level.

Wealth of Nations.-The winze which was lately being sunk in tbe old claim has now beon discontinued, and another wiuze has been started near the old Enterprise and Vulcan boundary. Lannej's Creek.—This ill-fated venture U advancing gradually towards liquidation. Sovoral judgments against the Company have bsen obtained, but as outstanding calls are not coming in, the judgmenti could not ba satisfied. Two executions are out to-day, aud tho plant will be levied on. It is a pity that the property will have to be sacrificed through tho obstinavy of shareholders in arrears for calls which they aro in honour bound to pay, whatever the issue of tho undertaking 'Iho claim has n^ver had a fair trial. The cement lately crushed was taken indiscriminately and without, selection. Individual miners who worked part of the grouad formerly made good wages with crude appliances by picking the bottom cement. As soon as the slip is cleared off the Rainy Creek road, machinery will bo forwarded to the Inkerman claim. The connection between- the main level aud tho bottom of tho shaft (651t) will be done by contract.

The Oriental roturn for five days' crushing is 70oz amalgam. Considering tbat tbe boxes were cleaned last week and not touched now, tho return Is up to the late average. Tho repairs to the Welcome water-wheel and tho general overhaul ol machinery are not yet finished. The Fiery CroES are. preparing for crushing at an early date. The stone is of fair b:zo and quality. The Justin-Time and Imperial drive is now 49ft from the shaft. It is intended to drive 150 ft to a peg placed by the surveyor. In this distance three distinct runs of stone are expected. Ihol bed-logs are placed for the Specimen Hill battery.-- The material U expected in a few.days. Mr O. C. Bowman, sharebroker (Hcefton), quotM as follows for the week ending September 15, 1S83: - Welcome, £7 Os; Keep-it-Dark, £2 10s; Specimen Hill, 15s ; Fiery Cross Extended, 10s ; Golden Treasure, 9? Cd ; Just-in-Time, 6s Gd ; Homeward Bound, 7s 6d; Globe, Ui Hi '; Eureka, hi; Oriental, 5s ; Inkerman, Is; Imperial, 4s; Hopeful, ii 6d; Energetic, 3s 6d; Inglewood, 3s; Walhalla, Is; Nil Desperandum, ls cd.

MINING AT MACE.TOWN.

fBV TKI-EHUni.] (FROU OUa OWN OOHIUSSFOSIISNr.)

Arrow, September ID The Maryborough contractots have struck a body ot stone about ISiu wide, but uo gold has beon discovered in It. The stone is looking well, aud is ou the lino of the Garibkldi reef.

MINING AT ROSS.

(Pu Ukitid Passu Assooiatios.i

Hokitika, September 15. The Ross United Gold-mining Company ha\o successfully tapped water. In the old workings, relieving the pumping engines in the main shaft. They are now keeping tho water down easily at two strokes a minute loss than formerly. .