COMMERCIAL.

Otago Witness, Issue 1952, 18 April 1889, Page 18

COMMERCIAL.

Inthe Supreme Court, InvercargiU, the hearing of the case Wilson, Tame, and Co. v. Bank df New Zealand— dak" o £2000, damages for dishon'omy ing cheques whuV> »* was alleged, the bank had funds of plaintiff*' on hand— was continued on Tuesday and the casd for the firm dosed. ■ For the bank it was coniea&d that the special woo) account was not opened an the terms stated by plaintiffs, and that in .tjhe^.enceof a specific ■contract to the contrary tfce ,$»»&; 'was within its rights in treatiag all the .firn/a 'in alobo. Mr M'Kay, manager oi,th;e>s&, was " under Examination all the af tewioon) '$$. his '•eviSeriee' was not concluded. " '" " ' , iNyEECABOIU., .April I*l. The Supreme Court action' Bank of New Zealand v. Wilson, Tame, and Co', and cross •action closed to-night. The special 1 jury being mnable to agree on a verdict the court ga»ein» ■structions that the jury were to be kept ;tojgether for 12 hours, and this has oaused a difficulty as the second action .between the parties should be taken to-morrow morning,

iedi l b|ok|%(jUnkjnjdW, < i3Ba l 3r^^Mßm 1 jeori pp. tionl6,.blocklX:(Glenkenich), 200 a, D. M'lntyre;. n^ irftu :— Seotions s,'6i'alid' Simdok'—, to Mr 1 W- DehBr-' 'nehy'j'anctsepfciofci'i) block III;' to Mr W.Hendet-' 0. son,— TapiinuiCdurier.' '" ' •"" ' '■',:', , [fa- Messrs GoibsßßouQa;,' Moß^'iun)' Co.', 6tSydney, J j reporo, under^te.dato April,3, .as foHow*,! :— V Again w we haye' to, report' a qulet.-to'ne^in' the wheat Mr market; Large shipments' have arrived from New sry Zealafad during the weei,' but for tti'e moß&part 3d, .these:. are in fulfilment of contracts entered into 3 some y^eeks Mgo' it theiower rates then ruling. The .'i gradual , improvement in the Melbourne market' has , so far failed to'liav"e any,' effect on* business' -here. 11 * Oats are' in' good demand*, and for bright- Heavy feed Ch parcels a slight 'advance "may be reported. Bran; and ' ras, k pollard are weaker also, light .supplies .of ,tHe latter' e j. • having come to hnna; during the w ; eek. .Potatoes' '/ have fluctuated according ''as ' shipments arriving *f; from Tasmania have been light or heavy. Bepdrta e ° from New' Zealand lead, us 1p exjp'ecfy light orbps |n ?h the principal.'p'otato"aiflcrictß of that cdiony.'ana p"reak -sent values : may therefore' be'lmiiiritained to a later a t date thiah ; we had previously* expected.'; '• Chaff was in •' very active demand in the early part of the .fyeek; but . the recent heavy rains are likely' to cause a decline •A in value's for a tune at leiflt. ' ~ nf '-I " • •>->'■ <• i_l _ ■ '

There has been active inquiry for cprrisacke.and it is becoming recognised tha,t after all supplies are not plentiful. Prices have gone up in Melbourne, and as this market has been largely fed by shipments from there, the advance has checked the import, and holders have increased their rates. Sales were passing, early in the week at 6s 2|d to 6s 3d per dozeu, but to-day 0s 6d per dozen is demanded. Fencing wire is in good inquiry ; parcels have changed hands during the week at £10 15s per ton, but ordinary lots are not selling under #11, per ton. , ■ Millers' lines have ruled during, the week as follows:— Flour, £10 to £11 per ton; oatmeal, j £14 per ton ; bran, £4 to £4 5s per ton ; pollard, £5 per ton; chaff; £3 10s to £4 pejc ,toii'; pearl barley, £18 per ton, , „ ", The National Mortgage Company have received advice from the Oamaru Harbour Board, that their tender has been accepted for 1000 tons' cement. Mr B. B. Martin, .reports.. having leased (in the estate of the fate Mr Adam Landels) the Bank End run, Ofcaria district, containing 5000 acre*, to Mr Hugh Tolmie, at a «atißfaetory figure, together with 3000 sheep, to be taken at a valuation, Messrs M.- O. Reynolds and Co. report having sold by, private> treaty sections 1, 2. 16, and 16, blook XI, Musselburgh.'with house thereon, to. Mr G.T.PatetfBon; and sections 62,5 3, 54, and parts sections 55 and 59, Leith street and Athol place, to Mr John Hopkins, at satisfactory prices. They also (w auctioneers for the Otago Ilarbour Board) report having sold privately the following- leases at'jthe upset;— Seption 35A, wharves and quays reserves', Hanover'Btree,t, 14 years' lease, to Miss M. I. Wick'; section'6, (block 11, wharves and tfuayrf, Harbour terrace, 14 years, to Mrs G. Thomson ; and section 36a, wharves and quays, Haopwr 'street, 14 years, to C. W. Wilkins'pn.' ' ' The Australasian supplies the 1 following ' information'regarding the high prices obtained for < some Victoria^ wool at the" February sales :— " In greasy wools l^he following averages may be noted j plains', 168 bales at I6jd; Buasell, Uat 14^d ; LO, over. TO in a blqck. 222a,t 14fd j B, over TO in a block, 111 at 14$ d; BO (Worringri^e)',' 129 &tiiid' ; GCirfa block, . 137 at 14P; Elder, 99 at 14d.: O over JH in a' circle, 1 57 at 14£d$ SO, oyer Hynan, 2^4, bales at 15id. The i highest price realised for.t^is la,tte«! A hrafl4-waß 19d, per lb for ,18 bates, 343 bales, of fleece, pieces, and lambs' realising J3fd all round. 'In washed fleece wool thaaverage included those of S-. WHs'on on Mt Bute", 132 at 40fd ; S. Wilson 'over Mt Bute, 132 at 36f d ;' Corea, 39 at ,'32} d; B , over Laggt WH», 48 at 32|d ; Mayvalloch, 52 at 31|d ; RD, over Oarttgham, .41 at 30|d ; and Challicum, 67, at 28d. The top price ' f6r"theOorea,lamb's'waß 37dperlbV'T ' ! The New Zealand Loan 'and Mercantile Agehoy Coni^flbv have received the following telegram from . their London office, dated 12th mat;. i— "Tallow is, dull of sa|e. ,Good mutton, is worth 265, and goodbeef 25s p^r Cjvf . TJhe frpzep muttou,,market has a hardening, tendency. Canterbury Is worth' 4Jd, an!d Wellington 4fd perlb. JBeer market unoharieea." 1 T^eilijceqtors ,^f the r Mosgtel Woollen Factory Company asnouqc,e an interim dividendjat; the rate of Bpesrfcen^..pe/ fljuipm (jhe hatf-xeair ending, .April 6. " , „ ' . ,;,".!' We hear that &e.ss#9 P^nald E^ld ,apd ,Co. .have purchased the buainess^f M^s'er^- Arthur M'Donald ' 'and Co., as auctioneers, grain a#d atqck agents'; and that it is Messrs Arthur M'Donald #qd )Oo,[b intention to recommence their former business ©f wool, j grain, and. Bkin buyers. ( . , ! Mf Johk GannjißY (on behalf, of the farmer?'Agency Company, Limited) ' reports having sold' privately on account of Mr John Douglas, Waihao Dowas estate, South Canterbury, 8000 bushels prime maltjiqg to"ley ; also, on account of, an Oamaru .client, "M9o jbuatyelß prime malting barley, cashes the tyturnp fimn the threshing mill were largfe, Mr Douglas getting over jgo bushels , per acre, while' the other is givenTßS 1 63 (bqshelaj^r' acre, 1 ' . - Tfae Oamaru' Mail states tht^t J^p F, P. Burbury, local xniuwger of the New Zealand £oa,tt aM Mercantile Ag&iwy .Oompany, sold about .#OOO, acres of 1 ' the Mflei;ev^ieDS«a fables" (Blprtqii's) eß,ta^e, at" jgll S per acre, cast, to tye Charges Nicholls, of Wyndham, I ' Southland. Jije'B^me .^gc^fc glso sold Beveral smajl jl 1 farms' in WaitaW djstr^ot /from £10 to '£12 per ; I acre. He reports fchafc'thepe ds^oii^^erabla demand I 1 for such properties, . , ' \- '!J 1 A fair, amount.of .business has been doing racentyy J in grain at A»hburton (says the Lyfcfcelton fimes^, 1 and some farmers have been showing more readiness < to'aell than they have done oflate. Manyaraadopt- 1 lag the plan . 'suggested ' in leading articles in these ■ 1 Mmrffnfl of selling a .portion of, their crop now, a portion Fhi-ae months 'hence, and the remainder 1 later s^ill, the idea .-being; not' to glut the market by a ruah into it of thew&GJe crop at Once.' Sale* of | Tuscan wheat have!b'den xpadeit 3s 8d to 3s ; .9d, and « «s high as 8s lOd for s'peo»l linee, aoji 3s 6d has been < tataa. for pearl and Hunter'g white, fe*t ,fpr f.a.q. ( 3b ßd is nak dlfflcultto get. Oats are in etiwag de- t msnd, and it 9d is the price for belt sort*: ,%ike , I season's crop of gFfflo-' is' not < yet b^ 'any me*as; t all threshed, ,bufc woji'k goes on when weather 1 permits, and, that gbqdtw^k is being done by the- « machines the quantity qf gj*i# /joining into, the, ( tpwriship every day fully proves, , '.. „..., s BetpAqting the telegram whiph' we puWUhfid in re- . % ferenee' <^> Reynolds and Co.'s shipment of better i a from AueWoad, which we published ' on* 1 Ss)ttiraay,' $ we are informed&jr a gentlemau who has for years < t been engaged in.tne trade in London, that the : ( lowest price obtained for fbejvfc Danlsh.butter in, that j I .market is, £Tper owt, or about U '^perlb/whioh' is told retail at never less than Is 6d per lb." ' There- t fore, W considers that the 'nguregmust'iuwa been 1 I mifl'statett, The average price for. Danish butfcqr.. t taking the wijaofl^ season, through, Ib, £7 Jfo, probably (the price obtain^ flop the Auckland , bu^tejtißent;! by 1 t Bo'ynolds pn4 Co. ( '''.''"',' ,* "Mr 1 George Sura'pter, terou«b Mr'Sipayies, sub-, s minted at' public auction on Safcufd#,'y.Waltaki^lig'h ; a Ss^ool lease*. The leases are for a tqtm i)t advent t years /^m Qic Ist .of May next. Th'ejollqwing isi i the result <» the' sale:— Section • 2of 36,, b10ck yiJ. 1 I Oamaru dietricf, f I acres; yaluatfan £3,.upset rgntal ' i 2.05, wflsleased'to JR. A.<0 i ha|fey,,aß % agent.for W. H. b, Tesohemafcsr/i • *fc 'af n 39b per acre; eecUon 1 .0f 57, i>lQpk IT7 30 acres, > v valuation £22 W« W, up^et. jlfc, ( w^b let .to G. §. • 1 Lintott, as agenfrttw the executors of FainfaK fen- 1 wick, at the annual rental «f 2foM nay acre 1 jeotyon fi lof 1«. .bloeji 'VII, -.40 acre*, raiaatipn #30 to &$, \ p, upset 12s ed^was.let to J.,». -SWer .16b |>ar I -n, acre. • , - , ; . ., „> > ' n Mr',W.'^uiri (ia conjunction; with 'Mr Don#id fl Stlronac'h. for the New Zealand Loan and Mercantile fa EJpn^j^ny) repovts'liavinff-Mtdipn Saturday last i the EollQWtng flections, OU: Merino cQo«rus estate ;•— Sec-. f( bion ,8, *lwte Vllt (Ohatifleld), 195ai 99 f ,M»lntyre; 81 3eotion3,;Qlsok?7'in(Ohatton), i 2ooa, A', and /. Jphn- U stoU; sec:fton'lß. ; ibl9C l f v (Glerikßnioh),2ooa3f:94p. % P M'lntyrei *eotipn T 4l', ! (Modk V (Glerikenioh), SOOn. A t, and J. Johnston^ section 1 28, blook V.i (Glen- (1 kenioh^ 91a 2r 32p, D. M'lnfcyce^ > sectioa , 12. block al IX (Glenkenich), 200 a, J. Harv,ey.; .eeotlpn 13, block 5! IX (Gleiikeuicli) f 109 alr 23p, J, SU6ed;'.^c,tio^ U, V.