Commercial.

Poverty Bay Standard, Volume IX, Issue 993, 1 November 1881, Page 2

Commercial.

LONDON SEED TRADE. Messrs. John Shaw & Sons, of 37 Mark Lane, London, E.C., report through their agent, Mr. Leonard W. Blake, of Christchurch, that the market during the fortnight ending-Bth September, continued quiet, the most noticeable feature being the increasing firmness of red clover, owing to the bad reports of the new crops, not only at home, but on the Continent and in America. In England it would have been good, generally, on the clay lands, had' it not been for the recent disastrous rains, in consequence of which, some of the earliest heads were sprouting, the clover was being beaten down, and instead of ripening, was growing, so that the prospects of a good quality and yield were completely destroyed. Considerable quantities of yearling were being shipped to the Continent, whilst advices, both by cable and mail, from America, gave very bad accounts of the new’ crops there. The stock of American, in Liverpool, was estimated at at 180 tons, against 566 tons same period last year. English alsyke (new) moderate in quantity, but of fine quality. White clover, alsyke and trefoil quiet, but prices steady. A heavy rise in canary and hemp: the former was being shipped largely to the United States. Mustard and rape were selling slowly on former terms. Linseed was easier.

Mr. M. R. Miller sold at Napier, on Tuesday last, at auction, the Moteo and Korokipo estates, cut up in sections. There was a good attendance, and the bidding was spirited. The whole of the sections were disposed of, at prices ranging from £7 to £26 per acre, and in lots from 61 to 1261. The total amount of the sale was £68,000.

The following’ is a statement showing the amount of Customs duties collected at the port of Poverty Bay, for the month ending 31st October, 1881 :—

£ s. d. Spirits 326 8 6 Tobacco ... 63 3 6 Wines 40 12 6 Wines (sparkling) 6 0 0 Wines (Australian) 11 11 3 Ale, Beer, &c., [in bottle] . . 15 18 0 Tea 19 0 4 Sugar (raw, refined, & molasses) Goods by Weight 22 9 1 0 12 0 Ad Valorem 45 9 0 £551 0 5 Beer Duty Fees ... 64 3 7 11 3 0 Total £618 18 8