NEWS BY CABLE.

Wairarapa Daily Times, Volume X, Issue 3285, 20 June 1889, Page 2

NEWS BY CABLE.

!>;: The: London Wool Sales.' 7 '; ■ j;; '■'"'. ■;;)''': v- '^/London,;June 18&; At the; wool auctions to-day 12,000 bales, were catalogued, : two-thirds being from Mew South Wales, and New Zealand.' There was a full atteddance," and brisk; competition; Good merinoes, fine cross-bretls, realised a haif-penny above the closing, rates of theTM ay series; medium and inferior merinos-and; ooarse cross-breds were unchanged.' Comfflercial. ;t Messrs'Lowes.it lorns report at their stock sale yesterday,-a large attendance and the - smallest entries of. stock of the'season. ..The recent peculiar weather "appeaiVto have paralysed all trade except In .fat stock. .The entries comprised 800 sheep, fifty-head of cattle, with a few lines of pigs and the usual number of horses, all selling at prices as follows.: -Empty ewes,'7s; ewes : and wethers mixed, 8s id; breeding ewe's,- 8s 6d to 6s; lambs, 3s to '4s; forward steers, 65s to GBs Cd; beef cows, G5« to 75s;' eight dairy cows averaged, £8 12s Gd'; dairy heifers; 26s to 40s; pigs, 3s Gd- weauers, to 8s 6d ; for stores. A few horses sold from L 7 10s to £2O for good upstanding hacks,. trap and harness, £l2 10s. This concluded the sale,-

.At Messrs Freeman R. Jackson & Co.'s Johnsouville sale on Wednesday an average supply of beof.was yarded, the majority of which was of inferior description. The bidding was weaker than last week, and prices generally ruled lower. Yealers were at last rates.- Sheep were represented in usual numbers, ewes prer dominating; the quality being good throughout. A line of merino wethers, of medium weights,, were also penned: all classes met with a good demand, prices generally being on a par with last week's quotations,. The pigs, which were a useful class throughout, made full values, Bullocks, from L4ls to Lsl7s Gd, averages L 5 5s to Li 8s; cowsL-8 to L3lss; vealevs 13s to lGs. Sheep—Wethers 18s4dtol8sGd; ewes lOsodto.lOs lOd; store ewes, Gs Gd; merino wethers, 6s Id to 6s 4d, Pigs— Baconers, LI 19s to L2 18s Gd; others 25s to 275; 'porkers, 18s to 21s, others, 14s Gd,, Ox beef made 12sthel001bs:wetherlmutton,2Jd; ewe, 2{d,

Wellington Woollen Company

Report to be presented at the annual meeting of shareholders on Wednesday next, June 26th; The directors have much pleasure in submitting this report, with the accompanying: balance sheet, and profit and loss account, of the company's operations for the financial year which ended'on the 31st May, 1889,' The result of the past year's business has been of the most satisfactory character Great care .and skill have been brought to Jiear upon the manufactures of tho company, with the result that they have now acquired an unequalled reputation for high-class quality, combined with cheapness. So much has this been the case that during tho period under review the mill has been working day and night entirely upon advance ortlors from wholesale houses, The greatly increased output of goods has necessi. tated considerable additions to the buildings, plant, and machinery, It

f is satisfactory to state that experience has proved that the mill is completely , fitted with the. newest and "'roost perfect! machinery to lie obtained inI Europe and America, and that every--1 thing being in the highest possible state of efficiency, the production of r perfect goods at a low cost is easily accomplished, The profit and loss i account is a most pleasing one. The ! balance, after writing-off £2OOO for ; depreciation, it is proposed to appro- ! priato as follows i Ist. In payment \ of a dividend at the rate of 8 per cent | per share por annum—£239o 10s; , 2nd, In an addition "to the reserve ' fund of £2000; and 3rd, In carrying i forward the balance of £3696 Ha 9d ' to the ci'editof next year's account, As > shareholdets are a'wnro, one-fifth of 1 the account stated as available for . dividend has already been paid as an ' interim dividend for tho half-year i ended 80th November, 1888. There are three vacancies on tho Board of f Directors, Mr J, Dransfield having resigned prior to tho close of the year, 1 and Messrs \V, A. Fitzherbert and ■ Eoberfc Gardner retiring by effluxion of time, Meisrs Robert Oleland, J. ' DransQeld,- W, A. Fitzherbert, ! Mert Gardner, ond G. M, Kebbell have been duly nominated to (ill the vacancies, and in accordance with the provisions of (he articles of the Association voting papers will be forwarded to you for the purpose of selecting three out of the live candidates, The auditors—Messrs W. f. Kennedy and D. T. retire, and offer themselves for re-election,—T, Kennedy Macdonald, Chairman, Telegraphic, Auckland Items. ,- Auckland, June 19. Among the passengers by the Wairarapa from Sydney was Mr Julian ; Thomas, jvell. knovyn- by bis nom'deplume of "The Vagabond." He is on his way to Samoa jo secure material for. a series of articles for a Melbourne paper. Admiral Fairfax lias notified Mr M. Niocol, chairman of the Harbor Board, that H.M.S. Orlando will arriveiij Auoklaiid about'the.. 10th or l}th ;July in order to be docked here. " ' ■'..'/... News was received by the Southern Urpss from Fiji that Weaver, supercargo of the 'schooner Cploniet, who is charged with the murder of Captain Greenless, is still at Suva awaiting bis. trial, which is to be held when Sir J, B. Thurston returns from Samoa. : J. M, Franklin, driver of tho wagon with which a railway tram collided at Ellerslie on Saturday, was charged at the police court today with crossing the line wljen.the train.was within a quarter of a mile,, The case was remanded, -■ .' ."■ ■ , It is stated several other flaxmills aro.iri course of erection'in the Eaglan district. One buiidved'tons of tijw 'have been shipped home as an experiment. > . , BaDkruptcy business in Auckland , has not been so. quiet for the past four years as it is at present;'.; , .' r' The racehorses ;Shillelagh,; Artist, j Le'Clair, anil Kangaroo, and two -j ponies ivere shipped by the Te 4 nan | fpr'Sydney to-day, The first two are ; to 'compete ifi tho A.J.U Grand ( rational Steeplepiiase.; Mr, J.', B. ; j Wjliiamsbn arid tlie • jqolroys" Frewiii | andlßadfield left by thYsteamer, • j

Alleged Frauds.' ii Si ■■•v!: V.: 7; «;'■ DVNP'Ni ; 'Ju'ie#vv ?i;;lt)s:tafestqqd i: iiiat:tho;Cußtoins' ■atithorities;are hojv wprteng up oases againsli two: of -Hie'larirest;:breweries oil; a charge of defraudiiig tlie revenue.

'■';'.■' The-Biseui Sugars.;:; -E 1 ;....:-.' June 19.".. ':'•■ Great interest-was in the sale "tO : day:;;,pf" the;';;D.'Artagnah's cargo of sugar, and bidding was brisk and almost exciting. The whole i cargo'was; sold in bond at;LB6 to LB6 ssfor flhest'"grey crystals,Lß6.lsS line to finest whites. A fortnight ago sugar sold hero at L 22 to L 24 10a,;'.--■;■ ; "' ; , ■.'., ; -/:, ; :