COMMERCIAL.

Otago Witness, Issue 1893, 2 March 1888, Page 18

COMMERCIAL.

Millers' lines have ruled during the week as follows :— Flour, £9 to £9 10s per ton; oatmeal, £8 10s per ton; pearl barley, £18 per ton ; pollard, £3 10s per ton ; bran, £2 10s per ton ; chaff, £2 5s to £2 10s per ton. The New Zealand Loan and Mercantile Agency Company have received advices that at a meeting of shareholders iv London it was resolved to convene an extraordinary meeting for the purpose of passing special resolutions increasing the capital of the company by £500,000, in 20,000 shares of £25 each, which shares shall be fully paid up, but on which a dividend will be paid as if 50s only had been paid, and interest in lieu of dividend be allowed at the rate of 5 per cent, per annum on the remaining £23 10s to be paid for the said shares.

Hops seem to thrive well on the Riverslea estate, in Hawke's Bay. The first bale of this season's growth there was sold the other day to Mr George Jillis, of Hastings, at Is 6d per Ib. For so early a pickiDg the quality was exceptionally good, the sample being lull of condition and well-grown. The sort is an early Kent Golding, which has always Commanded a good j,rice in the Lon'Vm market, a'«d the splendid coil at lUverslea seems to suit the species. Considerable interest was felt in the first sale of new Victorian hops of 1888 ; two bales from Briagolong, grown by Michael Sardy, realised Is 9d, and five bales, grown by Gray and Scott, at the same place, brought the same price. Although a little green, these hops were of excellent quality. Seven bales new Victorians have just been sold at auction at Is 9d. The New Zealand Loan and Mercantile Agency Company (Limited) have received the following produce telegram from their London office, dated 27th inst. :— " Wheat : The tone of the market is fiat. New Zealand average is worth 325, and New Zealand long-berried 33s per 4961b. Adelaide (to arrive iron ship) is worth c.i.f. 33s 3d per 4801b. March-April bill of lading.— Leather -. Market quiet; best Bides are worth lOifd per pound.