COMMERCIAL

Otago Witness, Issue 2006, 4 August 1892, Page 22

COMMERCIAL

Private advices from Sydney with regard to potatoes state that the Co-operative Company has been rushing the market with consignments, hoping to be able to command it, but shipments having become unmanageable have been slaughtered to make room for fresh ones. This has been going on throughout the wholo season, and has resulted in incalculable loss to growers and probably to the company,— North Otago Times.

A report by Messrs Edward Jacobs and Son, fruit brokers, of Coveut Garden Market, on 3105 cases of Tasmanian apples, ex s.s. Elderslie, sold dining the first week of June last, has been received by Mr M. Murphy, chairman of the Canterbury Fruitgrowers' Association. The carelessness shown in shipping the fruit is manifested by the fact that the whole of the cases, with very few exceptions, are described as "bad," "very bad," "rotten, 1 " completely rotten," "wet," or " worthless." Some of those marked " bad " realised 7s a case, but many of the others fetched no more than 2s (3d a case, and some were not sold at all. The fate of this shipment shows what danger there is of damaging a promising industry by shipping unsuitable fruit in an unsuitable condition. — Lyttelton Times.

The New Zealand Loan and Mercantile Agency Company (Limited) have received the following cablegrams from their London office. Dated 30th July: — "Frozen Meat: New Zealand mutton— The tone of the market is better ; Canterbury mutton is worth 4d per lb. New Zealand BeefHindquarters is worth 3Jd per lb ; other quotati ns unchanged s.nce last cablegram. Tallow: Tallow is dull of sale. Fine mutton tallow is worth 25s 9d per cwt, good beef is worth 23s 9d per cwt." Dated August 2 :— " Wheat and flour : Market inactive. New Zealand wheat, longberried, is worth 34s Od per 4961b. Other quotations unchanged since last cablegram. Quotations nominal."

It is stated that as the outcome of negotiations which have been pending in connection with the Milton Pottery, an arrangement has been come to whereby the manager has agreed to work the factory on the tribute system. In other words, the ware will in future be turned out by him at a stated price delivered at the Milton railway station.

At his sale rooms on Monday Mr George Sumpter offered the leaseholds on behalf of the Otago School Commissioners. The leases are for 14 years, and the following prices were realised : — Section 21, block I, Papakaio, containing 40 acres j valuation L 47 12s 6d, upsefc rental 12s ; to Mr W. L. Gray, jun., at L 34 per annum. Section 181, block 11, Papakaio, containing 10 acres ; valuation Ll2 10s, upset rental 20s ; to Henry Schluter, at LlO per annum. Section 57, block VI, Moeraki, containing 43 acres ; valuation Ll2, upset rental Is Od per acre ; to James M'Keown, at upset. — North Otago Times.

The following is the number of bags of grain and pronuce received at the Dunedin railway stations during the week : —

Bar- Pota- Pro-

Wheat. Oats. Bran. ley. toes. duce. Tl. Thursday 370 418 — — 299 221 1308 Friday 122 201! — — 193 254 775 Monday 80 300 — 100 384 — 864 Tuesday 135 40S — 387 60 — 990 Wednesd'v 312 341 — — lur

o 015 1403

There also arrived'Bo7 bags of flour.