COMMERCIAL.

Otago Daily Times, Issue 10900, 6 September 1897, Page 2

COMMERCIAL.

Daily Times Office, Saturday evening.

Th« amount of customs revenue received to-day on goods cleared for consumption was £213 lls Sd.

Siiice-we published ouv mail summary early in the week, giving a full and detailed report of the position of the import market; nothing has since transpired calling for special notice. We refer .our readers, therefore, to our last Tuesday's i3sn« for aDy market information required. The National Mortgage and Agency Company (Limited), of Christchurch, report having sold the lass season's crop of wheat grown by Mr DuncanCameron, consisting of 7SUO sacks nf velvet and 4SUO sacks Tuscan, to the Northern Roller Milling Company, Auckland, at a very satisfactory.price. The year ended 30cfi June last showed it larger export of butter and cheese from New Zealand than has been recorded in any previous year. Tiiis is the more gratifying because the 12 months ending June 30,1595, had shown a decline as compared with the / previous year. " The' New Zealand Trade Review" supplies the figures. The total quantities and values for the last three years compare as follow : —'■ Butter. Cheese. Tl. value cwfc. £ cwt. £ £ 1894-5 ... 58,635 231,700 80,032 160,081 391,701 1595-6 ... 61,9*5 250.555 67,262 121,993 372,878 1893-7 ... 85.653 357,157 78.354 151,298 508,485 The valuations equalled per cwt for butter 795, 81st and 80s b'd; and for cheese 40s, 36's 3d, and 38s : 7d respectively in the three yeare.

PROPERTY SAMS.

Messr3 James Sajisojj and Co. report having sold Mr J. C. Short's Terminus Hotel to Sir Thomas Cornish for £3600, and the following hotels changed hands at valuation :—The Central from Mr Power to Mr Holoney, the Waverley from Mr P. Moloney to Mr H. Coughlin, and the Racecourse Hotel from Mr Sibbald to Mrs Peachey. ■ The Perpetual Trustees, Estate, and Agency Company of New Zealand (Limited) report a large attendance at their : rooms on Saturday, when they offered for sale by auction on behalf of the executors of the late K. JB. Ferguson, lauds at Warrington and "V/aitati. For some of the lots there was considerable competition, and thefollowing is the result of the sale :—Lot 1, 51i acres, at £9 5s per acre, Wm. Barnes; lot 2, 6i acre 3, at £26 30s per acre, David Ferguson; lot 3, 51 acres, at £1510s"per acre, David Ferguson ; lot 4, 20| acres, at £10 10s per acre, H. Bland; lot 5, Hi acres, at £1510s per acre, C. R. Howden; lot 6,1£ acres; at £17103 psr acre, P. Kutherford; lot 7, 14 acres, at djl Is per acre, C. U. Howden

DTJNEDIN BROKERS1 ASSOCIATION.

Saturday's Quotations. Members: Bark, Leaky, & Co. John Logan J. A. Chapman • Quick & Smith 3. & W. Gage Wufkid Vivian.

DUNEDIN HORSE SALEYARD3.

Weekly Report. Slessrs Wkight, Stephe.vso.v, and Co. report is follows:— ' ' There was a great crowd at our sale on Saturday, attracted from far and near by the advertisement announcing that 40 Wanganui horses were to be offered. Great was the disappointment and dissatisfaction expressed by those who had come from ,1 distance to do business when it wry; found that the consignment consisted of light norec-j only, and these for the mostpart of very " v/eedy character. Never before has there been batter exemplified the titter futility of breeding such worthless animals, for although the conaijjiim'mt was got rid of it was practically at "gift " prfew, and after paying freight and other charges we sre certain the unfortunate sellers could have litt!'.-, if anything, left for themselves. On former occasions to speak of a " Wan£nui" horse, whether draught or light, was synonymous with sayi/JK that one had something very exceptional in stamp and quality to. offer, but to-day's experience proven that Wangamii-bred horses, a? well as those bred iv other parts, have greatly deteriorated in size and quality of late yeara, and shows the real necessity that exists for more care on the part of breeders in their choice of stud hordes to mate with their mares. . ' The excuse no longer exists for farmers to say that it will not jay to give four or five guineas for

the services of a good sire, for it is the fact that'at the present time the breeding of first-class draught' stock is one of the most remunerative branches of farming, and in our opinion is likely to continue so for years. The outiet in Australia assures thiF, as also does the improved prospect for growing wheat. These remarks are made to encourage farmers and others in the breeding of first-class t stock, and in view of the near approach of the i time .when breeders will be looking- out for the i j services of stud horses. They apply with equal I force to light horses, of which class it is with , I difficulty one can get really wellbred upstandiDg animals. '■_ With New Zealand-bred Clydesdale stallions . selling in Australia at hundreds of guineas, and . one and two-year-old colts and fillies of good breeding and well brought out selliDg locally at ■ from £20 to £30, work horses at from £25 to £35. and good young mares at from £40 to £50, who . cau say that the business does not pay ? Reverting again td Saturday's sale, there was a strong demand for fir3t-class draughts. Eight or - nine good mares and geldings fouhd new owners at from £31 to £36.- The last-named. priceVas paid fora Prioce Imperial mare, her dam got by Ivanhoe. ; A consignment of useful light harness horse 3 from Timaru was sold at from £10 to £14 ins. Of the ordinary entries a fair, number changed hands at_quotations. We direct special attention to the unreserved sale of Mr J.H. Jowitt's thoroughbred horses at our saleyards on Saturday nest. We quote: First-class heavy young draughts at from £30 to £35 (extra heavy a pound or.tw more): medium, £22' to £27; aged, £15 to £20; hacks and'strong carriage horses, £15 to £20-; good spring-cart sorts, £11 to £15; light hacks, £7 to £10; inferior, £2 to £5:

SALE AT TE HOTJKA.

Messrs Maclean and Co. report having held a xdeariug sale at Te Houka on Friday, 3rd inst., on account of Mr James Bruce. The attendance was a- large ODe, and buyers being-' eager for business the bidding was particularly- good for nearly everything. The sheep were in -excellent condition, and sold at -full rates. The excitement, however, reached its climax when the horses were submitted. Mr Bruce being noted for his keen appreciation of a "good thing." buyers felt convinced of the quality and breeding and £5 bids were only a circumstance. There was not a blemish on the whole of the stable, and when an averse of £33 15s for signt "every day working" horses is reached we think their quality is fully proved. If there is a river lot of the same number in any stable in the < lutha district we would like very much to' see them. Two nice fillies rising three years sold at j£3e and j£3o, and one just- one year off sold at £18. The district being rather far away from any- dairying centre the competition for the cows was not too good, and, despite the fact of their being a very fine lot, the highest price was j£s. Implements, &c., sold well, and taken all round the general opinion, freely expressed, was r tbat the sale was the best, especially in horses, held in the district for a very long time.

from To Banks : £ s. d. £ s. d. National ... 118. 6 119 6 NewSouth Wales 34 15 0 35 5 0 Union of Australia ... 26 0 0 26 10 0 Insurance: National ... ... ,.. 0 17 8 0 18 0 Kew Zealand 3 9 0 3 10 0 South British ... ... 2 9 0 210 0 'Standard 0 15 3 0 15 9 iOAN AND AGENCY— . ' N'atioaal Mortgage ... 0 13 0 0 13 3 Perpetual Trustees ... OH 0 0 U 3 Trustees and Executors... 19 0 1 10 0 Shipping: . New Zealand Shipping ... 4 5 0 4 10 0 Union Steam 8 15 0 9 0 0 Doal: . " Kaitangata (oW) 17 10 0 18 .0 0 Do (new) 19 6 1 10 6 , Westport ... • ... ... 2 17 0 2 IS 0 Miscellaneous : ' Kaiapoi Woollen 5 17 6 6 0 0 Milbura Cement 10 6 116 Hosgiel Woollen ... 4 3. 0 4 4 0 Mornington Tramway ... 0 14 9 0 15 0 •'■ Mev/ Zealand Drug (£2 paid) 2 8 0 2 8 6 New Zealand Drug (30s paid) 1 13 0 1 13 9 . Otago Daily Times ... 10 10 0 10 15 0 Boslyn Tramway 19 b" A 10 6 Mining Companies : KEEFTON. Alpine 0 8 6 0. 9 6 BigKiver OH 0 0 15 0 Cumberland 0 2 6 0 2 9 Hercules .; 0 10 0 14 Kaep-it-Dark • 19 0 1 10 0 Keep-it-Dark No. 2 ... 0 0 9 0 1 0 Lord Edward* 0 10 0 13 Xyell Creek 0 2 10 0 3 2 Welcome (English Co.) ... 0 5 9 0 6 0 AUCKLAND. Cardigan ... 0 0 9 0 10 May Queen 0 7 3 0 7 9 Kuranui Caledonia ... 0 3 6.039 ttew Alburnia ... ... 0 4 2 0 4 S Puru Consolidated ... O 2 7 0 2 10 Tararu Creek 0 2 10 0 3 2 Crown 15 6 16 6 Talisman 017 6 0 18 0 Talisman Extended ... 0 1 2 0 15 Waihi Silverton 0 16 0 0 17 0 Woodstock 1 14 6 1 15 6 Grace Darling #16 0 19 Imperial ... ... ... V 1 4 0 16 Waihi Consols 0 0 7 0 0 9 Zealaudia 0 0 8 0 0 10 Bunker's Hill 0 2 0 0 2 3 Four-in-Hand ... .:. 0 1 9 0 2 0 North Hauraki (contrib.) 0 2 0 0 2 4 Dredgisb Companies : Golden Beach ... ... 0 2 0 premium Buller 0 4 6 « 5 6 Clyde... l ...140 <» 0 150 0 0 Dunedin 0 13 0 0 13 6 Magnetic par Enterprise ... 2 0 0 2 10 Ettrick (vendor) 17 0 18 0 Do (contrib.) 1' 6 0 17 0 "• Golden Gate 17 6 1 10 0 Golden B.ua (vendors) ... 0 19 3 0 19 6 Golden Treasure (vendora) 3 2 0 3 5.0 ■: Jutland Flat (vendors)... 0 7 0 0 7 3 Do (contributing) ... 0 6 6 0 6 9 Golden Crown 0 3 6 premium Hartley and Reilly ... par Otaso 16 0 17 0 Koiburgh (contrib.) ... 0 9 0 0 10 0 Upper Waipori (vendors) 0 4 3 0 4 6 Do (contributing) 0 3 9 0 4 0 Ej.mciN-G Companies : Moonlight Sluicing (vendors) 1 12 6 1 15 0 Roxburgh Amalgamated „ (paid up) ... 0 8 6 0 9 0 Roxburgh -Amalgamated ._ -,^-.(contributinp) n 8 0 0 8 6 Waipori Deep Lead ... 0 10 .0 13 ' Mount Lyell (cum div.)... 15 8 0 15 15 0 Silver Queen 0 3 6 04 6 Hercules 1 14 0 1 15 0 Oonah ... : 0 4 « 0 5 0 Ourtiri-Davis 0 9 3 0 9 9 South-west Curtin-Davis 0 19 0 2 0 Baflen Hercules 0 2 0 0 2 4 South Hercules 0 3 3 0 3 6 Mount Black (paid up) ... 0 4 3 0 4 9 kike George Mines ... 2 12 6 2 15 0