COMMERCIAL.

Otago Daily Times, Issue 11807, 9 August 1900, Page 4

COMMERCIAL.

Daily Times Office. Wednesday evening. The amoitnt of revenue collected at the custom house to-uay on goods cleared for consumption was £3384 15s.

INVESTMENT STOCKS

The Dunedin Stock Exchange report the following quotations yesterday:— ~ . y -s National Insurance—Sellers. 17s 9d. Standard Insurance—Buyers 16s, sellers 17s. Westport Coal—Sellers £i 2s. National Mortgage—Buyers £1 9s. , Otago Daily Times—Buyers £13 12s 6d, sellers £14.

WELLINGTON MEAT EXPORT COMPANY. (Per United Press .Association.)

WELLINGTON, August's.. At the annual meeting of -the. Wellington Export Company, the Chairman said: The war in South Africa, had created a somewhat excited demand for preserved meat, and all our stocks a.t the last balance, and our subsequent productions have, since November last, been quitted at good prices. The frozen meat market has for many months been steady or steadily rising, and the prospects for. L .some. .time to. .come are, we think, for the season, satisfactory. We have had in the meat market an advantage from the falling off in supplies of chilled beef from the United States, anci from the misfortune which has come upon the Argentine, whore an* outbreak of foot-and-mouth disease has extinguished for a time the export of live stock from that country. The supplies of English beef and mutton have also been restricted by an unfavourable winter and very ungenial spring. Trade generally at Home: has been good throughout the year, with plenty of employment at'good wages, and with almost an entire absence of strikes, and this, coupled with thi large Government expenditure on account of the war, has made a steady and profitable market for most of our products, and has led, in the case of frozen meat, to an extended consumption. For the year ending June 30 New Zealand sent to England .mutton equal to 3,147,056 of 601b sheep, 1,549,492 lambs, and of beef equal to 39,818 cattle of 8001b each. These figures make up the largest export we have yet made since the beginning of the trade in 1882. We may not foi long be favoured with co many concurring events favourable to our. trade in one season, but ihere U reason to believe that our markets are becoming less liable to sudden and serious fluctuations which have in the past been dangerous and sometimes disastrous, to settlers. The report (which recommended the payment of a dividend'of 8 percent, and a bonus of 2 per cent.) and the balance sheet were adopted, , •