COMMERCIAL.

Otago Daily Times, Issue 6874, 27 February 1884, Page 2

COMMERCIAL.

DaUr Ciacs Oillco, Tucsa ;? uvev.L!:;:. lils \v.'^*.iu; '.-, -J,:oiO:)ifi Kv.rO:i:Ui foi;i:iVbil 'jo--.*J a i^ii iDisttrt !,,s- c.!,i-,av>:sr-*UiB v.-s.. kI7U3 12a Sd.

Mr M. Pym roiioits the s.-lo yesterday of part of section 22, block XI, city of liuncdiu, v.Hh houw thoroon, for £62'p, to tho mortgagcu._ WOOI, SALE. Mr Llo.nai.d brBOXACIi (oa boh.ilf of tlu- Nciv Zu ilantl I-oan and Mercantllß Ai:cncy Company, Limited) roports a< follows:-On Tue.-day, February 2ii, wo hcid our ft th Eaio fur ihis season, when wo submitted a catalogue of S3t bnles gruasy and scoured wool. Theru' was the usual attendanco cf tho trade, but owiii* to the recent eiblearams intimatint; a slight fall iv the Homo markets, tirli*s did nut reach Iho lovel cf previous Bjlo-i. nnd ncvcr.ll lot-j wora cr.iisoiueutly parsed in. We. sold 2;)3 bales arid 12 luga us por subjoined list o( marKa aud prices ;- .IK over , 1 bale greasy pieces, ad ;MN cui>joim.d. Idodo do 2'id; 11 over \\T, 2 do dj menuo locks, 231; 1 do' do cro.*bred do, .'2l ; WALtt'BBA ovur RT, 2 do (Jo c:owbrc(l, 7jd ; KIVKB VIKW, 7 do do merino, V.d : 1 do do pieces, ?■ I; Ido do looks. Hid; J r. , 2do do half bred, fid ;4 do nnd 1 fadge d-> oi-os»broj, CJd ; liar through heai-i, f, bales do hallbred (1 part merino), 73d; 1 do do merino, 3 tl.-i do t!ir<u-.'|ii«rteri!o. 'il>; I! AS, 2do and i f.«li,'e <ij inurina. sAi; 1 i ah1, do piece.i, r";d; Kin diamond, 1 di do cr>.-n'jrcd, SJd; TJ over —, 1 do do tl;fee (part locks), s.jd ; li, -2 do do eras bred, 11$ 1; 7 ilo do merino, SJI; Jii conjoined, odo do do, Bii; .IHC'coiijoincdover ,&<lod.iplccosnml bellies, 4|:|; ;! do no i-r.-ifishi-ei! (I part merino), SJil; Ct-I", 5 do da uißti'iO, iO'jd ; Jl in diamond over Ms, 1 do ilo lieece mid pieces, sid ; -• over J, 4 do do croisbred, Bid; 2 do do luirlno. Till; K.ILISTON, 0 dodo iambs, (ijd ;Y, 2do do crosjbrcd,f>i I; 1 doilo lleeco,4d; trUnglo, Cdo do quwter-hred, li. i .1; 1 iludo piece.', S:'d ; bira over and uudecO, 2di do merino, 9d ;P in diamond, Ido do Hole* (part washed louksi, Uil; KO, 1 do do merino, 9,1; 1 no do hitffbrcd, 8d ; 1 iio do tldce-j (part broken), 4 ld; h.:rni.-'d i.-ocf, Asdo do rams. U 3 do do do, C X do rio do, 3d ; 2 do do pieces and hellirs, «■!; Ido do locks. 4id ;Ido do double lloeco, ejd; bir through Z, 1 do do do, Od; B do do pieuea and bellied, 5,.d ; 1 do do looks, Sg'l; T, lib do llhicv, (id; over II over MERI^U DOWNS, 6 do do merino, 10J ; 1 do do double lU-eco, bi 1; Ido do biaclt and dingy, I Jd; 1 do broken llacje mid bellies, i3d ; 1 do da pi, cm, 7J.J ; 1 do v ai.icd do,4;J; Ido do dead wool, igl; l do do loclm, «l; U, 1 do do pieces and loc^s, 'Ail; H, 4 do do croisbrcd CJJ; W'A over A, 2 no merino, 7M ; J mui'i-.u Vf at ride, 1 do do tltta.; (U.l , B under bir, 20 do d.i merino and three-quarter-bred, 2 r.a t harbicd, Pi.l; 2 ilo do hallbred, 7id; ado do piccoj, ;-M; J(,F. l(i do do cosswed, 7d ; 1 do do locks l.\d"; F, Ido do merino, (ild; 2do do haltured, Bi ;1 do ..n pieceo and lock*, SJii; AH in diamond, 2 do do incrL.o, 1 pait, blne^, i;d ; 3do do cro3sbr«l, DU; Ido do locks, -2id; V over bar, bdo do crossbred, 7>,d ; H bctn oen C< 4do do ilecco, SJd; Ido do pieces and locks, S-J1; uO, 4do ilo m<-.iiuo, 7j I; W | + S, 1 d) and Ibw do mer.no, Sg-l; Ibde do crossbred b'M • triangle lIP eOi.j .im-d C, 1 do d.) half bred, 8d ;3s ii-j do cross!) e,l, 7J:I; 1)N, -i dv do fleece, SJ.I; 15 over IVP,2ij ododo, 7-JJ; L AiN'O, t (Joduc.ossbreu,Old; UP over BAUKWuOIi in cir.-lc, »do do do, 8} I; Ido do dingy and cottcd do, 7d ; 9 do do mermo ar,d ero-sbred pieces and bellies, 4^.1; 1 do do dingy, 7.id ; Ido do fleece, tl 1; Idn do locks, 2J-1; JD over \\, Ido •', bajs do mciiiß", 8i<l; 1 bale ilu croosbied, 7d ; Gs, 2do dv iio, u\l; Wl> ovor O, 2do do merino, 7.} 1; Kit, 3 do 1 tag do flaeeo, o}d ; S, I bale d-> rams, 73-1; 6 do do litices Old ; JD conjoined over 1,\.50, 1 do samred 2nd combing merino, Is SIJ-1; T, t do dn Ist do tin li 5J.t; I do do 2nd do do, Is S.M; LANG, 8 dodo Ist do do. is Si; 1 do do 2nd do, Is 0.V1; ido do 1-it combini.' hulbn d, Is iM; Ido do 2nd do do, 7d ; Diamond, 1 do do 1-itd ■ ir.eriim, Is Did ; MH, 6 dv gieasy crossbred, 7d ;Ido 2 ba^-a doniciino, 731; do Pieces Id ; Jlil c-onj Jiu-il. 1 lulu no crwsbred, 711 ; II), ido rio flcceo. GJ i; liar thiough c.rclo, 1 do do moiino, 7j'l; t At do crossbred, UJ ; 1 do do piece-, Sjl; 2do dj k'ck< \A ; LANG, Ido do fleece, Oil; 1 fadgo do and scoured loi-lta, 4d ; 1 bale tcuurcd merino, Is 3d ; 1 do do halfbrcri, ijd ; 1 do Ai p:cc.isi and 1. clis, (J1 ; X iv cirdß ovor J *A, 1 do 2 l.a_,'s do lauiii* 7d ; 1 bag do menuo, CJ 1; 1 bale 2 basfs do pieces, S.W ; 53,1 baU do fkece, ijjl; 1 bag do pitcea, 2J. "

THE LONDON WOOL SALES.

The British and New Zealand Mortgage and Agency Company have rectived tho following wool telegram from Jlcssr-i helniuth fcehwartze and Co., dated London, :»nl inst.:— "Saiei continuu t» be well attended, since our hist telegram there Uno change for the bulk ol" wools, l'iix'3 for midium grease ere well luaintahi'd. (iond (jrea^e in Ices demand; line crossbred rit1 ii(lv highor; Kcjiued ra'bor easier. Tho total quantity* available of Colonial wool, including ild Kt'.clte, is" 82«,000 lalen. Catalogued up to d.v.c abaut 120,6ii0 bale-i, of which about 10 per cent, withdrawn, and 50 per cent. ta:,en for export."

CREDITORS' MEETING.

An adjourned meeting of the creditors of R. Guthrie end C.>. was held in the oflice of the Ollicial Asiignee ytßtcrday oftern-.on, and was attended by 16 ereMr Asiicboit said that ho had sold stock to tho value of £9UO privately, and that tho total amount the stock would realise would be about £1500. Against that, howi-ver, they had to put about £ 150 for wages to Iliil-h contracts. As to the cash receipts, the cash in hand amoun.ed to £Sio, Wilts in hand £190, bilauce duo from the auction £-250—making a total of £1260. The expenses up to d.itc were £40), if whuh £170 was for lout anil £'53 far wage?. He thought there should bo something like £1200 yet to coiou in ; buc tbo valuo of tliu book douts was rather uncertain. The Official .Atsieiite also produced a statement which thewed that there had been a loss of about £13,000 on the firm's busine.-s. Ti:e tu-n of £3393 4) 9d h:d been lost bsfure Mr Andrew joined, and £liO6 «is Sd eubsrqucntly; while there would bo a deficiency of £5513 11s Id on the value ol the plint nnd machinery as they stood in the books, alter deducting the am ,uut due to the Bank, which held security over A legal opinion from Messrs Stcw.ut, Holmes, and D.nnision was icad. Mt Asiicroit said that it was evident from the opinion which had been read that five lawsuits might ruo out of the- case. s, accor.ii-ig to the legal opinion, Mr Knttray'a claim should ba paid in full, ho intended to admit it. He now wished to know if the creditors ibsiml to instruct him to make auy comprouiio. Tney might depend upon it that ho would not no to any expense that couid well tie avoided, but ho thought there wore things in the estate thai ought to le probed thoroughly, ai.d perhaps one aciion would do. If tLo Bauk sued, then all the facts could be "ot out. Mr lUstixos inquired if all they wore to get out of the Citato was to hi hung up until all trie law points woo tettleii. Mr ASUCRO.FT did not see anything cUe for. it ill- Bastixos thought many oi them wouid be dead before a dividend w*s dedatvd if that were the case, and slid he wou^d be in.lined to propose a compromise. Air ASHCRCIT thought that course would be a-lvla able if oquilablu torma were propoied, but the terui3 previously uffered were iuequitiole. Mr STOUr believed tho trustees were willing to do anything that was eonitab'e. Iho opinion given regarding Mr l.n-tray's claim was, they would romember, what ho had anticipated. He had no doubs that if the trustees were mci in a proper spirit, o-.aie settlement might baciuits to; but if the same spirit were continued, aa had b-jen showu by some of the creditors, then, as acting for one of the trustees, ho would djcline any compromise, and, &3 they hail tho right to take it to tne Piii-y Council, if neces.ary, to the P.-ivy Council it should go. Had the creditors beeu desirous to compromise he did not think tlioy should hava liiteued to ex parlc statements, and have had them published as wa.3 done at tho la^t mosting. That «as not the wuy to bring about a compromise. II accusations were thrown out against individuals, then tno creditors must anticipate law^uita and the indefinite postponement of a dividend. Mr 11. S. Jo.n-ks suggested that tivo or three gentlem'.'ii should be asociated with tho Official Assignee, and that tho matter should be left by consent to them to adjudicate upon. Mr Ahucroft thought that all the cases might bo sottlol I), one being tried. Mr Siout remarked that the other parties would refuse to bo b mnd by tho decision in one case, as the ca-*3 were different. He tuggisted that tha matter ehould be left t,> Mr Auhcroft, with full power t.> do wh it was fair, so thit an amicable arrangement might be come to.

Mr Bastixgs moved-"That it ba lift to the Assicnce, in cod j.me'ion with Mr O. L. Denuiston, to ei;deavour to arrange with Mrs and Mits Cuthrie's trustees, '-nd other por-tfous whose claims are disputed, an iqui'able compromise" lie wished to save litigaii.n, and considered that it would be unfortunate for them if the AESignte were to settle for generations yet unborn all tho pointi that hid bson raised. There was always a way to settle disputes wl'hout going to law if each side was willing to compromise upon equltablo* ground j. iho Assignee would not ba actuated'by any bia-3, but would bo a fair arbiter.

Mr/iSHCROn- said that there would be great difficulty in the- way of a compromise if the Bink pressed Us large claim Air Basti,\cs said that tho banks to:k up such a poeit-.on ihat creditors would nave to fUhc them H:nks eeemed to think that they were entitled to a preference over oth<r creditors, and rather than that poiition shou dbe allowed he would lose every penny. Mr M'Nall said that tl« Bank was only trying to get its own as a creditor Mr BAtTi.vos wuld not reler specially to the tank Mr M'Nall represented, but ho knew that bauks were running businctses in opposition to trading people with tne money of the traaers. At tbe EUirgcitiim cf Mr Jones, the words " the re.'ult to be rc|ior:ed to a mooting of creditors to be called by the Assignee" wore added, and the motioa Mr Stout HU^(jo3ted tl:,v. an a'lowanco should be granted to Air Jt. Andrew, ono of the bankrupts, for the support of himßelf and his fsu.ily u;i to the time of his discharge.

Mr AstiCROGT stated tfeat Mr Andrew had been, so far as ho could judge, very btraightforward, and had aisled him (th-j Assignee; in rrali-ing the stock.

Mr Qilchmkt mnwu, Mr Bastings seconded, and it waa carried "Thit Mr Andrew receive the Gum of £;0 as his allowance in lull up to the time of his Jijcharge."

MINING

NOTES FROM REEFTON. IBy Tklkoraph.) (khoji our own coruk3pondknt.) Rbksto.n, February 20. Forfeited shares in the Golden Treasure and Shotover Companies respectively arc advertised to be sold by auction on ihe S'h of March.

One only cf the 31 raining leasoa cancelled on Monday ha 3 been as yet reapplied for-the area adjoining tho Gulden ireasure ground.

It id eaid that mining companies' culls are coming in very slowly, and largo forfeitures in outside stocks are considered inevitable. In the meantime thede-pre.-sion continues, and with little prospect cf a revival for sorno time to conic.

NOTES FliOM MACETOWN.

(FROM OUK OWN CORUE3PONDBSI.).

February 23. Arrangements are being made f r the Premier Company's stone to be ciushcd at the Maryborough Company's battery. It is, uiifortninitcly,the scarce season of the year for water. It certainly seems uoiorlunate that companiis cannot manag-i togttaa much as possiblo crushed whilst water ij plentiful. There is a tremcndoui power of water allowed to tun to waste iv thaTwolve-iuilo watershed every seison, and CMn,;aiiiea aro very jrone to so time their work ns to hay« a h^avy quantiry of Etono on hand betwe.n tho ond of December and tho middle of March, which U inv.jiably the mo3t scarco time of year for water. It seeim to be generally admitted up hers that this state of thinaa results from the arrangements of dirccti rics who know nothing cf their business, and do not ciro to learu.

It is understood hero that tho Treasure Company intend to pur, two men on in the mine to prospect, ai:d lo keep the uilnu and works in order—a proceding which shows the good sen-e cf tho dirujtois. even th'-ngh there is not much timbered wirk to net deranged and di-oido-cd. It i- evidei co of very poor managiiuent wh.ro eouifia- ies clnr.e up uiino-forn short interval of a scasi-n (r put of a >eas':n, 1< jiv'nf timbur in a. ui.tiuso«(it-h, state, and ground uf n dub;oui charaeiL-r, t:j woik their i.wn swuet will nt BbarchoiUir-'e>piri'-o. It i.i rpiite safe to slate that Bcuicbf tho shaUs ami tunnels übich ar: heirnr lolt in tnis slate at M.-.eetewn will m vcr i,o teerj atai.i in tho niatnii riii uli-.cli they «eri! left. It. is to be Scared thai the 'iinai,cing,:' "cointring," "shepherding." &'=. of lOmiai.liß ii df n.uch gnater noii^cqui-nJo in dine oikV opinions than lione.tly workii g. The New Ah Nations Company aro busy with the opHrations necessary toobtain a crustringof stonofrom tlio big reef, and agood many tons of stone aro already Stacked towards a crushing.

Tho Garibaldi Cunpany aro buey puttinc; up a rise to ffivo comieoiion with tho surface (or air, aud faco to enter for stopiiijf.

The Kcop-it-Dark aro sleighing down etono to tho paddock near the Maryborough battery, at tho foot of tho sleigh road; and if (he utono goes as well as lv.is previously done, it should ; ay tome hing handsome to shareholders.

Whore aro all the capitalists (?) who took up the country for about a mdii to tbo west ami bouio to tho eastward of tt.e Ki-en-it-l'ink claim nearly two two yews ago? Do they ever intend to break tho surface? Dv they intend to employ "two men for tlin llrnt hi months'? If icaudKldcrs woro kept to their conditions in g"l-.lniii,in;f os iv other cases of leasehold, parties woul: hesitate- to take up so much country fur the gaki< uf shephurd n:; it.

Tiio Tippcmry C'oiiio-utj- art- stili entagal ciushlnir, and it is to bo hoped thu rebut will Ije somelldng oncouroging to them. Tho lloracminl-Ronnd Company nre getting their own worliu advance'l whilst tliev n:i; picparin;; to crush the Kecp-itl'urU sionc at iln nji:l, pending tho r'inplction of their own rises mid paste:l, to cuiido them to pu; out a supply from their utvn claim for tlio bnttery'i) full finplovmcnt. The United Company havb not yet struck the reef, tho'igii tiny must bo ycttii-g; ntaror to it every wuck. Tliolr euc:ess i.-i earnestly desired by all wcll-wisiiers of the field.

It is felt ti be ft grea-, pity th-.t tho Victor Kmmamiel authorities could not sod their way to do » little towards ImUicr proapectinsf their claim.