LATE COMMERCIAL

Press, Volume LXIII, Issue 19155, 11 November 1927, Page 7

LATE COMMERCIAL

—<•— MINING CLAIM. JUDGMENT OF WARDEN. ir-RISS iSSOCIATIOV TBLZGRAU.) THAMES, November 10. The Warden, Mr F. VC. Platts, to-day uelivered judgment in the matter of an application by F. H. Claxton and T. G. de v,-here both parties claimed the right over tile Mount Bisehoff mining area, near the Zeehan mine, on the Thames coast. The Warden said the Court could draw only one reasonable inference from the evidence that de Renjy. on behalf of the New Zeehan Consolidated, held prospecting licenses over the area, but that they, with other assets, were handed over to, or seized by, the receiver for the debenture-holders, and the company ceased to exist. De Renzy had allowed the prospecting license to expire, and Claxton, chairman of a new company, had pegged out the cUim the next day. The Warden heid that de Renzy had failed to establish any grounds for his objection to this, which was set aside. Claxton, therefore, was the prior applicant, and his application was granted with cost? against de Remy.

AMERICAN COTTON CROP. fRT CABLE- -i'SESS ASSOCIATTOS—COPYRIGHT). !J OSnULIAH A*D X.Z CABLX ASSOCIATION.', WASHINGTON*. November 9. The Agriculture Department forecasts that the iSJ'-T cotton production -will be 12,842,000 bales, compared with 17,997,000 bales in 1326. The estimate last year was about one per cent, above lost month's forecast (12.ii9a.00U bales) and 6,135,000 bales below the actual production for that year. The report credited the increase to the warm, dry October weather, which permitted rapid gathe in;; of the crop; also bolls, damaged by weevils, matured with less rot than usuai. Cotton has dropped 110 points, which is about five dollars a bale, on the Chicago market, and six dollars a bale on the New York market, after the publication of the report.

GOLD. LONDON, November 9. The piit.e of gold is 84s UJd. WHEAT. NEW YORK, November 3. Clucego v;hasi quotations: December 12"i, March IMJ-, May 131J cents a bushel.

HIDES. (Received November 11th, 32.20 a.m.) MELBOURNE, Kovemher- 10. At the hides esJes, business was vevy brisk. Values were a farthing dearer.

SYDNEY WOOL SALES. (Received November 11th, 12.20 a.m.) SYDNEY, Norember 10. At the wool sales, the market wa« firm at the previous level of the week. Competition was kean for fine, stylish wools, and there was a good demand for all skirtings. In'erior wools are still irregular. Greasy merino sold up to 30d per lb.