THE WESTPORT COAL COMPANY (LIMITED).

Otago Daily Times, Issue 9335, 28 January 1892, Page 2

THE WESTPORT COAL COMPANY (LIMITED).

The report of the Westport Coal Company (Limited) shows a profit for the year 1891 of L1G.55517s Bd, to which has to be added a sum of LSS-G (is lid brought forward from last year, making a total of ... ... £24,\US4s7d. An interim dividend of 2^ per cent. was paid for the half-year ending 30th June 1831, amounting to ... £5,196' 9 0 £19,751*15 7 ■Out of which the directors now propose to pay 5 per cent, for the halfyear ending 31st December IS9I ■ (making a total distribution of 71 percent, for the year), which will, absorb... 10,392 18 0 lo appropriate for expenditure on Granity Creek works ... 3 000 0 0 And to carry forward to next year's account ... ... ... fi ;3sß 17 7 £19,751 15 7 If those proposals are adopted the dividend will be payable immediately after the meeting.

WEEKLY LIVE STOCK AND PRODUCE REPORT. Wednesday, January 27. Pat Cattle.—To-da/s market was supplied with 221 head, the bulk of which were good to prime quality, and included a draft of bullocks S?3- thX SoPK Isla! uI- •Sales *v trough wer' f S hZ van Us4 w«e, k) h P«ces a shade firmer for best lines. Best bullonkii sold at L7to L 8 17s )d; do do pen extra heavy, L9los to Lll; other . bullocks, L 5 10s to L 6 15s; best cows, LSlOsto i Li i :« oth! rilo> L2lO L 5 &.-John Gbindley (on behalf of the Farmers' Agency Company, Limited) yarded 54 head and sold as follows :- P t olT o1? 31!? 1 o ßn. d? Brothers (Berwick), 2 bullocks Mr w %%' » /AfLS ? s ,\2o h? ifere at Ld 2s Cd ; for ¥v' ?-plo(ld (Mosffid), 3 heifers (small) at U; for Mr A. Brown (Green Island), 1 cow at L 7 2s tid; "fl-wc Ross (U'podville), 7-heifers and ejws at L 5 15s to L 6 15s; for Mr A. Douglas (Kiccarton) and others, 5 bullocks at L72s fid 8. do at LG 10s 10 do at L 6 2s 6d to L 9 15s 10 cows and heifers at LA 15 to L 5 15s — • liie ta Zealand Loan and Mercantile Agency Company (Limited) sold: For Mr Robert T fi^T* 2 buUocks »« L6l2s 6d, 2at t' T 2 ?n L6l and 3 cows at L 5 ss; for Mr Vm. 0 fi^ 8o y i^^YSs' 2 b""ocks at L6los, 2at Eli 2s bd, 2at L 5, and 2 cows at L 4 10s; for Mr J. A. Townseml (Waikouaiti), 8 small steers and kfl?Z\ tO,Yl s M-Stuonach Brothers and hPifcS 03 ;7? nd for r T-Lee <Highcliff) heifers at L4lss.—Do.nald Keid and Co. yarded 30, and sold: For Messrs N. and A. M'Bride Mr7v\? $vPf&*& Ls7s6d t0 Lsl2s 6d; for Mr J. B Blair (Abbotsford),,2 bnUocks at L7lss, 8 L 4 ss; for Messrs D. Lewis. J. Early and otners, 8 cows at L 45s to L 3 2s 6d--1 heifer (light) at L 3; for Mr W. iindsay (Greyl m i °;l? lcl 134 Iloatl as follows : For Mr Andrew Clarke (The Elms), 28 bullocks at from L7t"cd to LS; for a northern client, 36 bullocks at quota--1 at Sheep -There was a moderate entry i'cr the weeks supply, consisting of 100 merino wthere (medmm quality) and 1301 crossbreds, about Mf ewes (medium to heavy weights), the rest wethers mostly in prime condition, Xhetop ofthemarket being a consignment sent forward by Mr James Go-aii of Cxreenvale estate. These were well competed for, and brought the highest'price to-day laking the sales throughout tnero was a decided X V£Tn^ m iValues- Cr°ssbred wethers sold estate;.2so three-qtwrtor-bred Roniney wethers at Murray, Roberts, and C■•.. (Ringwav estate) crass bred ewes at 12s 3d and ltiM.-Vm^Jtet $°Jo.y a nled 2a and sold for Mr fsiil V? v i>)>v. o!) t c-JV s? brad e'vves at 12s Od to 12s 3d -for Mrt 2luir CN°rtli Taieri), 23 crosiw ewes at Us Gd ; for Mr Jamas Forbes (The River) 97 crossbred ewes at 11s 3d fcUfti yd; S R . Bortlu'ick (Mevton), 32 crossbred wethers and ewes at 10s W to Ite, 61 merino wethers atTs to'fe |^i| I^■■££»? (i>2imont), J3 crossbred wethers at 14i 4'^ Inl? Si^fora^; ewes S l Ps o UiT^, W fC3t)V, 45 - w^Sd e^ves ac i-s to 12s i)d; for the Waimate Estato laUls^at^r f " r »'l*^ »* lto 3d," •w at us,,«o at Us; for Mr Patterson: one neti crossbred ewes at 13s Gd ; for Mr.B. B. JPanl (Mi?J>nwnr V^ ha"bred ewes at 12s 3d; for fir J ?nS( D)< in^ pen crossbred ewes at 12s - hol/h ickandlersU3on (Sandymount), one ron half bred ewes at quotations; for Sir 3 us,./I.—wntgHT, Stephe.nson% -and 00. sold 221 as follows :-For Mr D. T. Shand: (Broadacres) 2U crossbred ewes at 9s to 10s 9d •forS WfV Sl* 10 or^ 3 bredewes at 11s 3d btore Sheep.-Joim Grindlev (on behalf nf w btore Cattle.—John Gulndley (on behalf nf +i, n pen heavy baconers toT SSs.iDoS R E m .°?n Hi rSiSSSSmsss

attendance, of buyers, breedeVfarme^Xafe 6 Leicester ewes, lira to 2«v'«,5 t ■ *!' pure lambs, lte,; pire Leicestef c J e llhi b c, 1Cf ter- lam J ' s W!?aHtt?a a hill Cfltalogyp, gon?ist!

ing of a large number of butchers' green pelts and lambskins in addition to a good collection of S'7 'l'' y S- klns 'rwhen ,the catalogue was cloared at prices for good dry skins equal to those obtaining last week; while green pelts and. lambskins made slightly bettor prices. Country dry crossbveds, inferior to medium brought Is (id to 3s Gd; do do merino Is 4d to 2 3 (id ; full-woolled crossbreds,™ to t.s 2d; do do merino, ;)s to 5s Ud; dry pelts, 2d to Is 3d ; green crossbred pelts-best 2s 3d to Is bd others Is od to Is 3d ; lambskins-best Is SM t° 2s, medium Is Cd to Is 8d each. lvabbitskins.-Od(l lots continue to come forward from time to time, which are roadilyplaced; but always at this time of the year the business done in these dogs not amount to much ; in fact, there are no supplies. The regular buyers, however, are always in attendance whenever catalogues are ottered, when all lots are disposed of under very satisfactory competition, and fetcli prices quite in sympathy with London rates. Hides—lbe market is unaltered," and more than fully supplied -with light and inferior sorts Quotations for heavy clean and free from scars, 2jd to 2*il; 651b and upwards, 23d ; the usual run of country hides, ltd to 2d; light, Ud to lid • inferior and slippy, id to Id per lb. ""..«. 1 allow.—The tone of the market continues rtrm, but there are no indications of any immediate improvement. Quotations : For prime rendered mutton ISs Ud to 19s (id ; medium to good, 16s to ISs; inferior to medium, 13s to 15s ; rough fat-best caul 12s (id to 13*; inferior to medium and good, 9s to 12n per cwt. Grain.—Wheat: There is no life in the market torwheat, no sales of any consequence having taken place since the close of the past year; in fact for some weeks before the closing ordinary quality could hardly bo placed. This state of matters is, no doubt, partly owing to the less satisfactory position of the market at Home, as advised from week to week, but mainly due to the fact that large stocks of fjour are still on hand, which will have to be placed before the new wheat is fairly on the market; and now, to effect a more speedy clearance, millers have reduced prices by LI per ton, which will again have a further depressing affect on the position of the wheat market at the moment. Quotations are again merely nominal— say, for best milling Tuscan and velvet, 4s Gd to 4s 9d ; medium to good, 4s to 4s 3d ; inferior to medium, 2s Gd to 3s 9d (ex store, sacks weighed hi, terms).-Oats : The demand tor these is gradually weakening, and the tendency evidently towards lower prices. Buyers now are less hopeful of the future, and are therefore more cautious iv their operations declining to purchase except at a reduction of Id to X,? cr n i£ c * %ie^ s current. Advices legardmg the tone 6f the market at Home have not been quite so satisfactory lately. The absence ot orders from Australia also contributes to the weakness now pervading this market; and, .although the quantity on offer is small, we don't see anything in the near future that would be iiKely to bring about an improvement in the demand, more especially considering harvest is so near, Meantime we quote prime milling, Is 7k] to Is 8d; best stout bright feed, Is 7d to Is 7Jd • medium, Is Gd to Is GJd; inferior, Is 3d to Is sd. iJarley.—The business done in this line lately has been of little,importance, and until the new crop 1S on the market there will be no sales of any consequence. Maltsters are pretty well stocked, and will not be likely to purchase in a i1"^ "mess the,,fmahty is extra prime, and then it will be at prices somewhat on a par with those I ruling last season: Meantime there are no sales • quotations, therefore, are merely nominal-say,' 9? roi )es f t T ltxile> $?■ lOd t0 3s: medium, 2s 7d to 2s 9d ; feed and milling, 2s 4d to 2s 6d. Grass beed.—Some samples of new rveerass «»i? re£ oon } he Market> but so far no busifX^L^T**' and> Until the "^rket is more lully supplied and a more accurate idea of the quantity available, prices will hardly be fixedbut it is quite clear in the meantime that farmers' undressed seed will be rather difficult to place except at prices much lower relatively than those to be secured for properly machine-dressed. Potatoes.—The market is glutted; no demand for more than half the quantity com ng forward Prices 25s per ton for new kidneys Chaff.-Market steady at last week's quota-•tious-viz., 65s to 70s for best.

. GRAIN AND WOOL REPORT Messrs William E. Reynolds am, Co., Stai ford street report for the week ending 27t January as follows :—

(xeuerally speaking the grain market last year so X VJ^i ry sluefly as the season advanced so also did the demand for wheat, as it was soon made known that not only was our crop deficient from the year previous by nearly 3,000,000 bushels, but that the crop on the Continent was practically a faUure, while Ri, ss i a had none for export At Home, too, the crop was also short, consequently prices there gradually advanced, and our markets followed suit, till as high as 5s Id was obtained for some very prime northern grown, Ihe cloud of depression which hung over the most .mportant .cereal of the colony at last was lifted, and those who fortunately had any left have been joyous here since. The past month has, however, altered the tone of the Borne markkas was anticipated by those whose line it is to study it, and prices have gone back, but not to an unremunerative figure, nor will it either diirin" the coming season. Oats opened up men the same as the season has closed, but thanks to the stoppage of Russian exportation to London the market maintained its position throughout Ourintercolonialmarketshave been talungnothing hke the quantity from us that they have done m former years. As to the crops of this season it is. a ready .an established fact that Nature has given us the best season for many years, especially cSntendwlff 7^1 tUey Ml 0 had the drought to lM>t Kn for the past th.Vee years, which on light lands was of course disastrous, and compellcdniany farmers to relinquish theirproperties ■aid tSm fi S° *? nncial imitationsfor aid. Let it be hoped that this "street" of enemies has now been passed and the year of 1802 Kool te» Jf° yo"fi -™ticiPations realised in good piices for all classes of grain It is estimated that.siace 1883 we have not had such a wft^nV^?*' 30 tha, twi, tll f"'c rather we will have a very large surplus for export. Though the north has not suffered much from rust it is evident ours in the south has, but more espe'c ally late sown crop, The birds, too, are playinf havoc m some districts, and it will he a call upon our ferners; societies during next yen to combat with this feathered enemy of the fanner - As regards the yields of barley and oats the former promises well all over tfie county but especially the north, where the crop is an IyS^-SnlKS«i the incoming crop is a particularly heavy one ant which will in all probability bring up the vle'ld to viz., 14,000,000 bushels. The quality of all classes of grain promises to be good this year with the famlf Du°,W " kn°/' ed -bouVon 'thl'h avy Ssfva^^n* rfe 6 ohr e thee ns very fast. In a few patches bf oats south nf,l^ fn eth^ Pc» S d, bMer.™y be seen at workTwh I carried on^ harvestln^ is b^g most vigorously viz Ml£ f IS h U maintains last week's prices--5s for ordbS ° Sheaf" ** t0 L 3

. WEEKLY MARKET REPORT §m&m on consignment We can hWS s> hand butter caskslt T e'T?^oo^ SeC?ndboxes same price. Wecan«,3,,> I n?f? nds patent cases at % per dozen Wehi£ 7 }°° en? ty fruit hand sacks on hand to hold grain S° SeCOUd-

.A. LOME AND COS PRICES CURRENT January 27, 1892. 3^ turner no, *{d to sd; halS 5d tn ?igh^'ed merino, 4Ad to 4.M; halfbred tin }i,° }*' fallen scarcely saleable Tin ILV potatoes Thirty shilSngSfa freely taken fnH SUpp]y is done-

best 3d, small 2(1; apples, inferior hard to sell, 3s to 4s per case, good eating 2*d to 3d, cooking 2d to 2J<l; strawberries, Sd ; pears, small Id, hard to sell; jargonelles, Ud to 2.Jd ; gooseberries, 7s cwt. ; currants stalks on I'd, off 2d; oranges, lOd; lemons, los; pines, 16s. We have a certain market tor all stone trait at fair prices.