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SHIPPING.

The sale of (he ship Stefa no Razeto look place on Thursday afternoon. and o'f course attracted a large crowd. who were mostly onlookers, 'though there were a few genuine buylers present, hut the price l , from the jump was evidently too high. "Proceedings commenced with the reading' of the conditions of Sale ami the Supreme Court warrant. .Before the auctioneer could proceed a protest was lodged by Mr Stout as to the legality of the sale, and Mr Mill (of • John Mill and Co.) also raised the question as to the whereabouts of several articles belonging to the ship, which, had been removed. The auctioneer over-ruled the protest, and explained that the articles missing would all ho forthcoming, and the sale was then proceeded with. The first hid announced by the auctioneer was £.'1.000. and lie intimated that he would take- bids of 4:250. After a slight pause the* price advanced to £8,250. 'and tile auctioneer tried in vain to gel another bid, after which he brought the limit of his bids down to £IOO. but without any re. suit, ami the ship was finally knocked down to Mr W. S. M'aterston, of i nverciargilS. 11 is generally surmised that Mr M'aterston bought the ship on ac(junt of the owners. Among those present I noticed several of the mercantile people of Invercargill. Also Messrs J. .1. Craig, of Auckland. .John Mill, Capt. Mnnro ( Lyttleton), Capt. Marciana ( Lloyd's Italian representative), and also representatives from Melbourne and Adelaide. Proceedings were .watched by Mr Brodrick on behalf of Lloyd's people. Mr M. 11. Wiig remains in charge of the ship until the sale is completed.

Shipping- movements have been rather brisk at the port during' the week. Mon flay heralded the arrival of the s.s. Te Anau, Warrimoo, Wanaka, and hlnnerdale. The last-named is the forerunner of a now lino of steamships. On Tuesday the s.s. Tarawera appeared, and on Wednesday the s.s. Kumara with direct shipments from Home ports, and the ship Perfect from Surprise Island with a cargo of guano. On Thurs-

day morning the Kamona arrived from Newcastle and Sydney with a cargo of coal and bonedust.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/SOCR19070810.2.38.2

Bibliographic details

SHIPPING., Southern Cross, Volume 15, Issue 17, 10 August 1907

Word Count
359

SHIPPING. Southern Cross, Volume 15, Issue 17, 10 August 1907

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