COMMERCIAL.

New Zealand Times, Volume XXXI, Issue 4770, 6 July 1876, Page 2

COMMERCIAL.

The Customs duties received at this port yesterday were as under : o „ A J? o A

At the second ordinary general meeting of the New Zealand Manganese Mines (Limited), held on May 5, the directors’ report for the year ending December 31, 1375, was adopted. It stated that the balance at the credit of the profit and loss account amounted to £12,745 10s. Id., out of which an interim dividend of 2s. per share, being at the rate of 10 per cent, upon the capital, was paid on March 1, 1875, leaving a balance of £9OOO 12s. 7d„ from which the directors have declared a further dividend of 10 per cent., with the interim dividend already paid. THE LONDON WOOL MARKET. We are indebted to the local agent of the N.Z. L. and M. Association for the following circular:— No. 2, Moorgate-street Buildings, Moorgate-street, London, E.C., May 10, 1876. Dear Sirs. —The second series of colonial wool sales which opened on the 23th March closed on the Cth inst. The quantities arrived in time for sale amounted to 231.171 bales, as stated in our last; but owing to about 8000 bales having been sent forward to Yorkshire and the Continent, direct from ship, it was estimated that only about 225,000 bales would be available for sale. The quantities actually catalogued, however, amount to:—New South Wales and Queensland, 32,852 bales; Victorian, 114,549; South Australian, 54,116; West Australian, 1637: Tasmanian, 204 ; New Zealand, 3239 ; Cape, 16,272. Thus showing that more secondhand wool than was estimated must have been in existance, although no doubt the excess is partly to be accounted for by portion of the 8721 bales, bought in during the course of the sales, having been offered a second time in auction. Since our last report of the 20th ult., good wools have fully maintained their position, and have even, occasionally, realised rather more money; but faulty and was fey descriptions continued to droop up to the close, partly influenced, perhaps, by the severe drop which had taken place at Antwerp, where sales of about 40,000 bales of River Plate wool commenced on the 2nd inst., out of which, so far, only about twothirds of the quantity offered has found buyers, at a decline of Id. to l§d- per lb. on good, and l£d. to Ijd. per lb. on inferior grades. It appears that the stock of River Plate wools at Antwerp was, on the 30th ult.. 47,814 bales, as compared with 7979 bales in 1875, and, although this resulted in part [from the public sales having taken place earlier last year, it is also to be attributed to an excess of about 25,000 bales this year over last year’s arrivals to that date. This no doubt is partly the result of steam shipments, but at the same time the available quantity presses heavily on a weak market. New Zealands.—Scoured sold well at a very moderate decline, but the few lots of greasies of the new clip offered did not compare favorably with last clip, and sold at what seemed low rates, though, taking condition into account, at fair relative values. Faulty cross-breds are much depressed, and 3d. per lb. below last year is a common figure. The next sales wil take place on the 29th June, and between these and the final series an interval of fully ten weeks will be allowed.—We are, &c. Edenborouoh, Doxat, & Co., brokers. p.S.-A public sale of 2011 bales of Australian wool took place at Antwerp on the 9th inst., out of which 1428 bales were sold at about the parity of London prices for fgood wools, but for inferior descriptions London rates were not obtainable.

£ s. d. £ s. d. Spirits .. 306 7 0 Goods by wght 9 9 2 Wine .. C 0 0 Ad val. goods 06 15 4 Tobacco .. 74 7 G Cigars.. .. 23 11 7 ———— Tea .. .. 91 13 0 Total £70G i 3 Sugar .. .. 37 15 s