COMMERCIAL.

Dominion, Volume 2, Issue 562, 17 July 1909, Page 8

COMMERCIAL.

f l *— 1 THE SHARE MARKET. {• ~ There wore, no sales of investment shares 1 corded yesteiday. Bank of New Zoaland sha I ' were in demand at .£9 2e. 6d. National Bar I; were on sale at £5 13s. cum dividend. Wellu ' - ton Investment, buyers 11s. 9d. cum; "VVelhi 1 , ton Trust and Loan, sellers £<i 18s.; Natioi 1 Mortgage, buyeTS £2 175., sellers £3; Chn i church.' Gas, buyers .£9 55.;, Feilding G • buyers .£1 os. Gd.; Wellington Gas, XlO pa , bnyers £V& 17b. Cd.; S£ 5s paid. sellers J '_ 55.; Meat Export, third issue, sellers £3 1 '' ' Taupiri Coal, bujers .£1 oa. 3d., sellers 1 • . Westport-Stockton, buyers ss. Sd., sellers 9d.; Leyland-OTJrien Timber, sellers £1 2s. 3< .New Zealapd Portland Cement, bnyers £2 I 6d. j Sharland'e £1 25.; prcfi ence, sellers £1 2s. Cd,; . Wellington Ope Houso, sellers -C 7 17s. GJ ; Taranaki P«trol«i show a firming tondoncy with buyers at 7s. f 1 and sellers at 10s. 6d. 1 . THE MINING MARKET. A' good business was done jestcrday, a > ' WaihL Grand Junction and Talisman receiv considerable support and prices advanced. 1 the morning call, New Sylvias sold on 'Chan i at'3s. 4d., and the roported sales wore:—l'i gress, 13s. Gd.; May Queen, 4s. 10d.; Tulisma £2 15s. 3d., £2 15b. (id, .£2 15s 9d, £2 16< <■ Waihi Grand Junction, ,£2 7s. 3d., £2 7s. 6< ; iS2'7s. 9d.; Waiotahi, 7s 2d., 7s. 3d.;'Wai i Consolidated, ds.'lOd.j and Dixon Consolidate Iβ. 2d., Is. Id. At the afternoon call the | , wore two sales of Talisman at £2 Is. 3d. .11 / Waihi Consolidated at ss. made on 'Chane tho reported sales were:—Progress, 13s. 9d May Queen, is 10d ; Waihi Consolidated, ' 3d., 4s. IOJd ; Waitangi, 4s. 2d.; and Mounta King, Is. 10d. Thp quotations, 'with the la recorded 6ales, v itere as under:— f , ' .Buyers.; Sellers. Sale ' > £s. d. £s. d. £b. ', Dixon Consolidated Oil — vO 1 Dominion >0 0 10} 0 OHi — „ • Kuranui — 0 16 — 1 i Kuranui Caledonian 0 2 3 0 2 5 — < _ May Queen 0 4 9 0 411 0 4 Maoriland 0 0 8 0 010 — Mountain King '■■ !" ' (cont.) 0 1 9£ 0 111 0 1 Mountain King (pd.) — ' 02 2 — i N.Z. Crown ~ 0 G 5 — — Now, Big River — 2 14 0 — 1 , New , . Alpine (957 3d. ' Jpaid) .' 0 7 0-- '- Neiv Sylvia >.... 0 3 3} 0 3 t] 0 3 rSaion .Si.'...'. 1 . 0 3 3 0 3 4} " — ' ~ , Tairun Broken' Hills 02 1 — x — Talisman ; . 215 8- 21G 3 21G Waihi Extended ... ,— 0 G 8 — i Waihi G'd Junction 2 t 7 15 2 7 6 2 7 Waihi . ..i 92 0 r — . — ' Waiotahi , 0G 11 07 1 - _ Waihi Consolidated, 0 411 j 0 5 1 05 Waitangi 0 4 1 0 4 3 0 4 <■ Watchman 01 11 02 1 — , ' Con. Goldfiolds 019 3 019 C — , , . Progress 013 3 014 0 013 'WELLINGTON INVESTMENT CO. The balance-sheet of the Wellington Invest ment, Trustee,, and Agency Company, Limited for the year ended Juno 30, was circulate " ! y est f o d o ??- </ ha , net P rofit for ' the J«« >nclno i '?g 3? i lßs - ? d : brou S ht forward amount* I • to 3d., as compared with .£5349 18= f sd. in the previous year. ,An interim dividem i- ~ of 3 per cent, absorbing .£ISOO, was d«larci , and piid in January, and it is proposed t pay a further dividend oi 3 per cent, makin 6 per, cent, for the year, and absorbing <£300T j • j A sum of .61500 is to-be added to tho reson i ' • fund, which will then stand at ,£7OOO, kavini ( a balance of .£lO2 4s. 3d. to bo carried for f ward, i Tho amount advanced on mort^as stands at .£166,861 11s. 10d., against 83. , > Bs. lid. in the previous year. Tho bank bal t anoe amounts to, £32U os. 2d., against £IS!\ X Bs. 9d. a .year ago. The receipts comparo a under:— . 1909. 1908. £ £ , r Literest ... , _ 11,505 11,883 ■• Bents 1,957 2,084 ' Transfer fees, 'etc. 3 12 '• i • 13,405 13,984 *' The past year shows a slightly lower income The charges amount to X 9153 under all head .ings, as against .£9067. Tho company has doiK exceedingly well considering the nionetarj stringency of the past^jear. f THE AMERICAN POSITION. It isdimcult to arrive at the true state of ■ affairs m the United States, for all thefamihai tests by which a-,trade situation is-declared to be favourable or unfavourable aro conflict ing.tjupor instance, tho Clearing Houpe ex changes during April broke all records' 1 fbi the month, running 6 per. cent, beyond th« previous April jnaximum. Railway gross 'earn mgs recovered the greater part of the losses wnioh they snffcred last year, but are not yet » ) back'to the 1006 level. Business failnrcs arc anally'taken as a test, and.it is a curious fact that in tho face of the large Clearing llouse exchanges commercial insolvencies during April wore, with the single exception of 'last year, the largest of any year, in a decade past. ,That comparison has reference to the number of failures; in liabilities involved again _ excepting 1908, they Tan far beyond any other - April since 1897. Not only so, but.failures were heavier than in any preceding month thii year. ./Ihen with respect to the condition of foreign trade. In 'April tho merchandise export balance almost disappeared, the excess over imports being less than .£600,000 . Tho shrinkage m tho , outward balance has been partly caused by the decreased wheat shipments, but tho real reason has been an impart movement, which, since January has broken all i records in tho country's history, except that of 1907. When similar movements ivere recorded m previous jears they were followed p 7 a distinctly unfavourable economic situa- ' tion. , i v No. 5 CO-OPERATIVE BUILDING SOCIETY. '' ann o nal meetin g of No. 5 Co-operative .Building Society of Wellington was'to havo Been lield last evening, but lapsed for want ot a quorum. The directors' report states that the society is in a prosperous condition, and is satisfactorily fulfilling the purpose for which it was formed. 'There is again an increase in r the oredit balance ,of tho profit and loss account,, and directors aro satisfied with the . , securities held for the loans which have been advanced. The subscriptions received in the , year amounted to .£B2G 11s., and the redemption moneys to .£2265 10s. The year's approipnation for loans to inembors amounted to £1400. In the year 20 meetings of the hoard wore held, eight of them being 'special, and • .twelve of them ordinary monthly meeting. The directors letinng are Messrs. Graham and Kelleher. who, beiug eligiole, offer themselves for re-election. Ths seat that was occupied by Mr A. B. Clark has been declared vacant on account of his •absence from-the Dominion and Mr. C. , Sivincy in consequence of outside business airangements, has resigned his seat. Messrs. W. King and H. Poole being ehgiblo nave given due notice of their intention to be candidates for election to the directorate

; •'.;■. v ■ Customs revenue'; collected : at Weilington yesfa.. r 3d.'-:■','- ; :-.-;^..;.'•:- : - v -v

|Kj MARKET; REPORT.;.:/ Ltdi, ; Wellington, re-. : ; port.swholesale' prices-ruling on' the' iharket:—.- , ; ;-'Wheat,.;fow-l, : 45.--Bd. : to '45. ; 10d.;" shrivelled : .; wheat, 3s. 6d. to,4s. ;".feed oats, 2s: to .2s/ 4d.; : dfln ..';:Oats,2s;'2d.'tq2s.'M./:-seedoats,'2s:4d. to 25." Bdr; ■;.:<.■■' Algerian seed:'oa'ts/;2s.'-4d.Uo-2s.' 9d.i maize, , /: ! '.4s.''7a/;.t0,--'4s. ; ';9d.:; : drushed; malt, : -i7s.V"fowl ;'■'/:barley, ;2s. v2s; 9d: ; ;; Cape' barley,' .::: seed, ?:3s.;..horse,: ',beans/ : .'4s. ;.6d. (all -at .-,- per bnshel); riceineal; £i 105.. ; to .fet 55.; flour/ V,. New,- Zealand :£il: 10a. to ;, bran,' '.£4 -10s.' : to r..;: , J!5;---pearl peas, .partridge,! 4s. 9d. ;' ■■_■ " ■ Prussian blue 'ss; 3d.?, to 55.; Gd., fowl peas"4s., ;,;: eplit ',£l7 10s.';; bonedust, :£6 ; superphosphates, >'■'-.-185;."'ti.:-.iE5 ss.;.pollard//iCGvlOs.. , to 15a.; : guanp,:je4 10s.; ,chau-'(oatensheaf), .£3 ss.- to; £3 15s.;:;, oatmeal, £11 " to Xir;. 10s.; potatoes, ~table.S£4;-10s. ' to', £5 55.,' : --Early : Roso i. r£6■:■ -15s;, :• Beauty-'; of.'- Hebron :vie . 155./ .".-! Princess, a; Victoria ■• .£7 r '. imported .'"seed ~ ..Up-to-patesV £6 i ids. to £7; voniohs, £5 td : . £7; '■ fodder,-iCS; bacon (factory), sides 7jd.- , hams:'Bd., rolls Bjd-; butter,;biilk, 9Jd. to 10d.' Poultry: Hens3s;Gd. to4s., ducks/ss. to Gs.;tur-' ' 1W;to" 125., hens 9s. to. I0s. : ; fres'h' , .? eggs;;ls." sd.- to is.- 6d.j preserved Is.3d. per doz.; : v ■cheese,'i.6d. ;to 6Jd.i-per lb., loaf 7d. > to.?Jd. per '.-clb.;: Akaroa machine-dressed .cocksfoot: 7jd. to' :. 6d:/ : ;farrae-rs'. dressed Sd. ■■ to 6d. per lb.V rye'v grass,: 3s. 3d. to 4s..Gd. per busliel; Italian ' ryegrass, 3s. 6d. to 4s. 6d. bushel; white clover; h 7os; 'itp ; 755, "cwt.; .red clover, -655.',-o'wt.'; cow. ■.-','• grass;)6ss.,cwt.; , alsike/823.,.Gd. olvt.j lmustard, ; ;-l0s, ; cwt.; trefoil, ,375. Gd. cwt. ; rape" seed, 2Gs. . tiw.t.}..timothy',' 328. 6d. cwt.; swede ■ and tur- . ...nip seed, 60s. cwt/;- " : . ■',/ : " !■;.:: ; .-•.'-..■; .7. ■ ,I'he .New Zealand Farmers' Co-operativo Dis- , tributing Company, Ltd., report, as -follow;:—' ,'.Maize,v4s.. 9d."; ; wheat, whole-;fowl,";4s, od.; ■barley, i Cape' seed, 3d., , barley -feed, 25.-- 9d. Vto'''33.-.- ■'per-:bushel;, barley meal/ best quality, ' .;<£6:.pcr;-ton; ,oats,.2s. 3d. to : 2s.':4d.'; oats/soe'd, •'■;■;sparrowbills, gartoris/duns, .Algerians,: 2s. 8d.; : ;: oats, 1 ■brushed, , 25. ;, 7d. per bushel; horse beans, ■ ..;■ ,!s. :',6d.' per bushel; partridge, peas, is.. 9d'.; , Prussian: bhie./peas,: , ss.',-3d.; : pbr;bushel; hay,', ; -,;.;prlnie,. .£3.105/ to M ;per ton;;straw,; whfiaten/ '-j:-'£2 '55.-j;-oaten,;.^2:2s , . •fid.-.per .ton;;bra,n;--i£s; ~, ; 'pollarjd/;.i£6;>su(irosino,'2dos l£7,'i.lOO's. X7.-ss. ■>per ton; linseed oil , cake, genuine, iEI3 per.ton; . -.prime oaten sheaf c'uafi, S3 ss.' to vE3 10s. per '- ton; -potatoes,, 10s. to £5; selected- Cantor-' . :bury: Upjto-Datei"'seeds £6 .10s;/ British Qneen

seeds £1 10s.; onions, £5 per.' ton; butter, separator;9Jd.'to lOd.,. dairy 9d. per lb.; eggs, ■■::■:, fresh Is. Gd. to. Is. 7d. per , .dozen (good demand), E reserved Is. 3d. per, dozen (poor 'demand); oney, ,60's lid., 14's 43d.; beeswax, Is. Gd.; fungus,-. 4Jd/; wnrmits, ,45d. per lb.; cheese, re 3' best factory, mediums,' sJdi to, 53d.; .bacon, jj S faotory, sides Bd., Toils 9d. : , hams Bid. per lb.; jg. porkers, >70's: to; 90's. 4Jd. to 5d., ,00's, to 100's ig.: i&. ;■ baconers; id. .to_4sd.; heavy pigs, 3d. ml' :$°..33d.-per lb. (very "good .demand); cabbage; 6 t.'. .Is. 6d. to. 25..Gd.;/parsnips, 25.. Gd.;■ carrots,' Iβ,'. tabid, 25,; pd.j" horse; 30s.' ,per ton; id, ,: . -mwrows,' Ms. roauliftWer, ss.'to 7s.' 6d.; pump>,U kins,;' 3s. per • sack; Swedes, 20s.' to 255. .pel s.-.. ton; apples, dessert, Gs. to ?s.,'per case; apples, 5 ... oook«rs;;'4s.' 6d. to- ss. permease; pears, dos--ss. sert,. lSs.s 6d..;.. pears, cooker's,, 10s. 'per case, [..■ Poultry: .Table; roosters, 4s, 6dj; cockerels. 45.- [ s ; Gd;, to: 55.". fid.■;■'• table . hens, 45.;-. ducks, 6s; to > r . 75.; gM»;;:63.-'6d.'-to 75., nil. at peT-pair; ra turkey gobblers, IOd.; hens 9£d. per lb.\ ■ -. Id!';. ; \-,±- grain and; produce.,::"; .' ':'■'. - .; :; '•?.(By .'Telegraph.—Press Association.) :",;:'"'-'.' r?. .-:;■'■'■;.: '■;■?, .'- : '-'~,.;..' -■.-■ ■: :- ! Christchurch, July Iβ. ; ; .;'. The renewed Operation of.■''Mγ. Patten: in-. id- the American wheat market will;probably:have ed. the effect.of hardening prices in European marit kets... There has been no, time.for any.'influge. erios to haVe;,been felt "at this erid, : though o- wheat is'no doubt rather'firmer this week.than, n,- ,it :■'• was .'.'last.!;: Farmers .;are -holding: ' so; i.;, firmly that little'is'changing hands, .but is.' l.j. 2d. has .been-- paid during ■. the week, and for hi. an extra :prime -line a -halfpenny more was : d,' given. ;A line of 2100 bushels pf tuscan l ohanged re : hands aty4.s.2d., and goodlihe of id hunters at the same figure, at country.stations.; eV 'V;Oats' are still difficult to'.obtain, and buyers • f have. had ; toj'giyo. above : what, they consider iS.~> present , -'market Value to , -receive supplies, for in--immediate' shipment. : ;'A mixed lino of 5000 st .bushels wasjeold.'st'ls. $d.', and prime gartons •y'~ at •■'lsv''6ld,'-.-to ls. ; 7Jd., at country, stations.■■".---. s/ --.The potato, market is weaker, .and buyers at 1 £i I: this .'.week .decline : :to'. purchase- further "at--1 this- figure. :i. V; ; ■ .'■'■'..'■'- •'-■:,,•. .'.'•. 5-.;■-;■ -\ • ''.■'.'■ ''mJANROF ENGLAND .' : v: rn (By, Telegraph.—PreßS Association.—OoDyrieht.) '..-i ■;■ ■■:'■::.■■:" (Bec:'July -16, i 8.35 -p.m.) -,■-.'• H- , -:-. -', c i-,r--;-';' -.'= ; -Vv ; -,- ■■■' v; London,-Jnly'-lS.'". ,Q riThe.Bankof England .return,issued; for.'the ;,";' week as under:— ■'■■; ■-.'" ■;■.■'■; : .'; •; ■' Ibbdb Dkpaktmeht. ".'. ■.■■*'.'■■.'■:■.•■-..': Note Issat ... :iM,B67.oCOvGov,.6ecuritiCߣll,Qls,COO : : ,■-'. ■■■-■ .■'..)■■■:, -■,-'-..'.■■-■..-■■• v.Other securi- ■ ; . ■■-■-. •":• i:' :.;-;:-■'■■.•;'/;.;' . 'Gold ; . ', ~,.-. -59.418.000-: > ■ A : . : ::- ■■AA'-^ :: y' ■■■'" -S-y 'V - -.-> • • ■' ■-- " ; -' '-:• ;V. Z-'l ~-\- ":''■ ' /- r :;JM7.£e7.OOQ '.-'■;. : 'I';':'.'..-' '. JE57.567.C00, 0 ; ; .'-'. :, ,:', '....-■ ■"•''"-. ; /--'.VBAKDKO DBPAHTiffINT. '.'. ■' .. . .'. ■-.; -:-'■ ■' Treprietors. ■ • ' Govf. v 6eouri- ~-.''.. ■ V- , ■' q- -capital .. ■-■'SUJSS3M ■■ ' ties ...'i15.366.000■ ' • ■". : ,' fublicde-■' ■ v - > i Other Booriri- - ,;■ • ■■■■"■ ■ ...posits ... ; ; 8.577.000. ties' ...... .29,550,000'■' ■";■■■■" Other So- .: ■.■■"•..'>"•:-..-■ -'i-,; , - ; ■ ■'...-- ■'■-.■ 0 ~ ■:■ posits ■;..:• 18J30,000. Notes' - : i...: 27,858,000-■ Q: -' ■ ' .Best,7-diy : -'- ■■■■'■ ■-.•■, •■■■■■■• ■'-,• . :'.'.■■■'•. Mdother, j-■'. . Coin • -•:.' ■„.' IJSUSXii ■■' '- ;.-.' : -:-.-..1)iU».-:-i-.;.-...-.-,W93JW),-...'-,.v-'.-. ■■■'■.. i'.-:'..',< ..■::;:; ?; ';'; ■'■■; 'P-^ ; -\--.v 'i£74,458,000 '; i:\l-- :.'''£7i,4SSXCO y ■ 1i; ;. .The' leading; items of'. the 'Bank cf. '-England •;.- ''return:afford, the following.comparison:— . : '-'.-■. ': ' z> , ; ,: Vv ; '-..'..;.,''.'."!nilswei!k.L»stweeki Ijastyear j : ■■>::•': ; -. ■■■-- ■■••.■,"■ ■•-■.-. .■■;■■;£■■•■■ ■■. ■■•■&■, .-,■.-.■" ■■&.-■ I: - . BBllion ... : ■; v. 39,4!8,0C0 7 39,624,000 .36,216.000 •-: .'^.'Keserve...'-•-. -.., £0.5&,0C0 - .29,366,000 . 26,8M,0C0 i -■(-'. Note circulation .;29,K9,C0i). ..60J92.000 29,470,000' -. : -. >übllc Deposits J 8.M7.C0J.:-,;j0,5)32.0C0 - : 6.325.000' iV. ;:. : :Othor Deppsits> 48.130,0*) 49,EC0,000 . 17,803,000 b ..^^'roporiion-rof V'"■ .-..-. -r ■ '•'- - ; ... .. ' ' '. 1 ;' - reserve , ;.'!to. > ; -- ;' ;; : ■:■■■■ ,- ', ■ - : ; ) ;■ mi l : \ 60.38- ' •: : v; ;{: ■ ;':X : ; }, ,:■ -. The foljpwing are -the'latest "quotations .for ;.- -GovernmentCßOcurities,, with a , coniparispn; o/ : j: j.those ruling.-laetweelcr-- '.:.■;;: ■'.-.. v;''.-'/ : ! '.• — : — —r~r — — — : — - —'—-— '—L-U. —: '•' '' -. ~".'.'■,■..■.':. -.-■ ■-.••••■ -Variations." I',;': ■'.- _ ■■■-'.■■. pj., compafod s I r; : -W.'- .i'Sv".:«.: ; :- ; . .:- - with. ;:', 3 ■'.•.'"•■ v- : -' : ■' •---•■-< *' •-■ "■- : - - last week. , :: ■■■.-■>: ;.s. -.-..:;. .■-■■^-: / ;-./:■;;■ £ Bid.; .-;• - :- •• V ,2 j % Imperial Consols^.'..;'...; 8J :3 9 8s od. lower ■'■, ;4/,,N.5.'W.1933Jiin.-July '... 106 0 0 Unchanged ■'•- -SJ ~N,S.W.I9IBMox-Sopt ' ... 99 10 0 ,2s6d.lower ' vB , r N.S.'W.IB3SApI.-Oot ... 83 0' 0-. runchanced ;; ,4j ~-Yic.lG2oJan.-July. i , '.„ 192 O'O ''Unchanged ;-; :Si „ Vic. lSil-6Joa.July - D 8 0 0- Unchanged "'.'.'» „Vic.lJJSl-49Jan.July, ...' BS'lO-O 2s6d.hicher ■j -ifci ;. B.A. 1019 Jan; JUly :.:-.!-:.. OS 10 0 ;■* Bslowor- .!' .3.;,,8.A. 1916J»n,July-; „--.;. ;-84.10'0 UnchnSisea 4 ■:■ .: „Q'l'dlols-24Jin.-July >-... 1<33 10 0 .Unchanjed ■ ." •Si „ OTdl9isl-3eJ»n.July. ... 97 0 0 Unchanged j 'S ,:Cj'rdl9S2-4W»n:-July ■".;■, SS'IO.O VJnohangca .- ,4 itSSMiy-Kov. ■- i :;:.- 105 0. 0 Un'chaneed , , ,3S' ~N.Z. 1940,Jxn.Ju1y...' ■■'.... -93 0 0; 'Unchanged' ■■' B : ,' ~N.Z. 1945 AWll-pct. ■■:-.'■„! firiO. 0 ; Unchanged'' :■ iS4 I ,W.A;i9iO-40ifay-N6v : ; ; ; ;; ; .03 10' 0 ''■'■'■/ss.'lo'wor'. '-. '3 ~ ,'W.A.1915-35iIay-K6v;i , ■*.:. .US 0 0 Unchaneed' 35-,,Tas.-1940Jan.-Jnly. '-..". 9XIO 0 lOs.lower ■ B: .Ta3.iaiO-40Jan.Jdy . ... ,67,,0.0.. Unchanged f & ; IIdNEI{iIAEKET. : '.^ :> • ")The : : 'Beak*.ot'- England -discount rate;is'2J', .'• 'per centlpiti. wKich"'it'-'wds reduced on/April.!, , '■-: Short••loans'are guotedJn ,; .London.at | to I' , per* oent.giii*'Paris; at. 1{ per■. cent.,', and. in" ; -iJerlin' at 2J per, cent! •.,.,■:, .. -..:.- .-.". .".;■; . ..-Three months'"bills are at 1 7-16'.per cent. ••'; f? ■;GOEQNIAK , ': ''Wheat-tThe markets•.,are ■'firm,' with; little animation, but there is a. better demand, owing •to heavy .'general < rains in\. Argentina;.' afld settled - weather in Franca and England: :-.■.- -iThree, cargoes; Australian -sold at. 455. :6d.> iss.. 3d,, , .and ..455;: ljd.,-: respectively." .--, Cargoes. 'Australian./ sailing ships,, March-April:,.Bnip-, Cment,':4ss.;.new.crop,,■January-Eebruai-y ship--merit,'4ls.:.9,d,'. .'New Zealand, steamer-cargoes :afloat, ;445.-,6d..:. - /,,^'■;■,■'- : ;..;:.; parcels" there is a small :de-. mand.: :.Stea'mer;lots:afloat, 'Mi.' 3d.HFor.Ne>v Zealand: there "is a, good .'demand for long-. berried parcels afloat, at 435. ; to ;435. 3d.;. short-' barried, '425/ 9d..tb'!435.-'Spot; long-berried,' ;465.':. to ••■46s.';:ed. : •■■■ ehort-berried, .'.455. to 1 465., 'Australian; on-spot, is slow of sale, at 465;" 6d; :tp'.475;.■.;..■:, ;;'■ ;-■'•. ;,■,:■'.;-,: :-,.;■.;:;-,; '•■■■•' - : ';Plour.—The' London market; is quiet, but firin, -:at'• 335.;': to' 33s..'Gd. ex store; -Glasgoir firmer,: at 335? ex store.'.'.': '■-': r ;■■:-•• '/■■. : .. ■ ■;;oats..- : New ' Zealand: Heavy arrivals- have' paused a decline 'of■ 3d.;.'la Plata, July ship-" ment,;lßs. .6d. : ". :/, . '■ •'.. . ■•■-.:. ■ ;.- '~.:■ ■SugaT.—German beet, 88_deg., 10s. 6d.; firstmark granulated, f.o.b. Hamburg, lls. 6d. per , ' •cwt:;.■■>.■;:■ :/r ■ _■-- ■•.': ':;'.,-;■;; ' : ■...■:'■'■■■■''.'■.''.. ':, Bradford VTops.^-Thevmarkat,is '/quiet,: but! firm; forties,-. 12Jd.)' others unchanged. /';.'..■",.'" ■ ' Butter.—The' market 'is steady.. , There', is 'little..doing , .in J-Australian and; New Zealand; and'prices-are unchanged;:. . ... '.'.-■".""■ .. ij,- Cheese.isvfirm. ;..-■'■ -~■■ '•_,;' : .' , -':; ' :' ' .;; ■ i-Copper—'Spot, 2s/Gd.:lower, at i 57 18s.' 9d.; three months, ,55, , : lower, at X 58.125.' fid; per ton; electrolytic,: .£59 ss. .''■•"'■'■" ■•' ■ ' ~' : •. 17s.' U. : higher, at^131155.,-three months,-;l7s.j 6d. higher,.,at! ss.Nper ton.-... !.; Lead,.unchanged, at Xl2'l2s. 6d.,per ton. . . per.ton; ;,:-.-; - ; . :: - ; -LONDON WOOL SALES. - :';;';'';;.'; $PEICE- HiEDENiNQ.-/, '' ' : - '■; ~ (By Tclegraph;— Press Assoclation.-OopyrlEhi.) ';. ; :; '■'> ■>}':■';■■ >: ■'.-■'"■■ London, July-15.■;■; At, the wool sales competition was,keen and genejal. Prices are hardening for all qualities. ;.;'.■■; •'■ SPIRITED COMPETITION. '.-..' ' ; : (By Telegraph.—Press Association;—Oopyrlehl.) j•: >.-...,".'; ;(Eec; My.IG,: : BJS p.m.)./.:• : ■'.- - ■l: -.■"'■.'■ ; - ;'\ .:. ':■ ■■'■''■ ' 'London,. Jtdy 15.' ■ :Th«re is spirited for fine crpss'breds, which, are .'being ;largely, -taken; for /America.'..'The! ! -"Straun".:dip realised 15d.,. .''Kawarau , ' 18d. The -sales close'on' July 20 instead of: July.-22.: v- , : ■; ' ' : ,' : , '.■■ -'.' ;' r ■~ :;;' DREDGING RETimNS/ ; 'V , '..'■■-.'■;■.- (By Telegraph.—Press ABsoclation.) ■ -;, A . r Dunedin, July 16. , ■"; Dredging', .returns:—Mystery Flat, ,620z. lOdwt. • -.Electric ■ II,: 60oz. sdwt.;-. Electric.'. 1,. !.370z. 2dwt.;' Mastertoni 300z.' 15dwt.'; Koputai, 28pz. 19dwt.j. Waikaia, .27dz'.,.9dwt,; Hartley and Eiley, 2Goz. i7d'wt.; New Roxburgh Jubilee, 230z. lOdwt. ; ~Central Charltqn, • 19oz. lldwt.'; South ltakaia, 15oz. 7dnrt.;;Chicago, soz. 17dwt. :-v^'- I :-'--'.l^STOCK-EXCHANGE/'v- , '.';: : .; ■■'/..' : .';. (By,TcJeßraph.-Pro33-Assoelatlon.) :". '.: - v ; V.;-;A ; , ,;„. Dunedin, Jply, 16. - ".Stock Exchango. sales:. Enterprise,. 2s. iOJd.; Waihi Grand Junction; £2 -7s. 3d., £2 7s. lid. Other,sales reported: Waihi Grand Junction, £2 ' 7s. 9d. (two parcels); Rise and ■ Shine, .£1 iZs. (two v parcels,); V Roxburgh Amalgamated (said), Gs. 9d.'; National 135.; May - Queen,\4s. IOd. ; Talisman, £2 155.. 9d. ; . IMr. ,Newton; King's• weekly auction "report, dated, July 15;-is' as follows:—At Stratford' on .Tuesday. ..there was-a fair yarding of cattle, *ith. good attendance of buyers, and- most 'lines'were. quitted .at the following rates ;— We'aners, 19s. to 28s. Gd.; yearling 335. Gd.j empty heifers, 38s. to ,515.; in-calf do., £$ 3s. Gd. 155.; store cows, X 2.25. to £2 15s.j forward do., 2s. to fat do.; M 10s.: to..- 'M 155.; epringing cows, .£3 -10s. to £3; 2-year steers, .'-.£3 10s. Gd.;' 2J to 3-ydar do., £i; ',' 4-year: do., is. On Wednesday Iheld a clearing sale at the Lower Duthie Road, on- account; of Mr. A; O'Neill, when there was a, large , attendance of, buyers, and bidding was keen throughout, ,good prices: being obtained, the whole hbrd of 83 cows averaging" £& . 2s. Early .'culvers made £7 to Jato do: - , .fKT.IOs." to £6 10s.; empty',and very 'Into do./ ,, X2 ss.Ho breeding sows, £3 15s. to £i 55,; store pigs, 15s; to 17fi;; golding, mare, .£l9 10s.; gi|,iEl3 10s.;wagon,. , i£3o 10s.; sundries arid furniture sold well." The. clewing sale of Mi , . ■ Thomas Linn'e. pedt

gree and grade Jorseys, and other farm stock at Mangatoki, on Thursday, attracted an unusually largo concourse from far and. near, every part of the ■ district' and beyond (as far south-as Palmerston North) being represented Ine cows were an exceptionally fino lot, both pedigrees and-jjrades. Commencing with the pedigrees, bidding for the-first-two coirs was slightly inclined to" drag, but buyers soon warmed to .their work. Mr, A. if. Watkins had the honour of securing tho highest priced cow.fury's Fairy at'eighty-six guineas The nest highest, Little Rose, falling to Mr. J. W. Vtem, at forty guineas, on behalf of -the" Government Stock- Department, who also secured two, other very nice cows at very reasonable prices. The following, is a list of the purchasers, and prices paid for the pedigree • ani-mals-Fioria (Air. J. F. Vosper), 22 guineas; Cinderella (If. Bayly), 22 guineas; White Kose (Blapkivell), 14J guineas; Little Fancy (N.Z. btock Department), 35 , guineas;' Sweet Briar-flp.wer,-(A. E. -Watkins), 39 guineas; Golden Glory (Bel Bros.), 52 guineas;. Magnets Myrtle II (A. Buchanan), 2-i guineas; Wliite btar (Snywell),..2B guineas; Little"Rose (N.Z. Stock Department); 28 guineas; Fury's Fairy (A. E-Watkins), SG guineas; Urenni Girl ■ ZG E mnca s; Magnet's Topsy II (llThilhps), 33 guineas; Fi Fi (C. C. Kelland), 17 guineas; Dairy Lass (A.. Buchanan), SI guineas; Sweet Velvet (C. Clark), 37 guineas; Daisy Dimity (C. Clarke), 32 guineas; Venus H (Sap-ell), 28 guineas; Miss . Urenui (R. ■ J. Linn),- 28 guineas. Heifers: Venture 3G guineas (R. 0". Linn); Twilight, 18 guineas (B. G. Surrey); All Cream,'l6 guineas (C. Clarke); Lady Myrtle, .17.guineas (B. G. Surrey); Star Rose, 10 guineas , (H. H/Street). Bulls:' Bullfinch/ 25. gnineas (Mr. Swindlehurst); Lord" Penwmkle, 23 guineas (Millham); Yankee Tct, 3a guineas (Mr. C.-C. Kelland); Fancy Boy, 33 guineas (A. Peters); Panamah, 23 guineas (k> P. Peters); Kumi Kumi/34 guineas (Schinkel); J acfc Johnson, B guineas (M. Steiner); Tommy Burns, 9 guineas, (Hamilton); Seldom Heard,' 9 guineas (Dobbin); Quick Step, 12 guineas (J. Phillips). Tho grade and yearling heifers were keenly, competed for, and made excellent prices. Horses and pigs, also sold well. ■ '

\WOOL, HIDE, AND TALLOW SALES.

Messrs. balgety and Company, Limited, report haying :held- their : fortnightly sale of wool, skins, hides yesterday, when they offered a .large catalogue of all classes to the usual attendance of, buyers: Prices were as follow: —Wool: Prices were easier, showing a' decline of }d; to id; 'per lb.' Crossbred, sid. to 7d.; : 'dead, 53d.; ■ black, 5Sd.; lambs,, seedy, ,5Jd.; crossbred pieces, 3Jd. to 4Jd.; locks, 2id.; crutchings,, 3}d. to. '5Jd. Sheepskins: Prices at par to id. lower. Halfbred, Bd.; crossbred, 5Jd. to ■■ 7sd.;. crossbred, short, sd. to ' lorossbred, damared and broken/ 2d. to 4Jd ;" merino, 4d. to Cd.; pelts, 3d. to 4Jd.; lambs , , sjd, to 6Jd.;'crossbred, damp,. heavy, 4s. 3d. to ss: 7d.; light, 3s. Id. Hides: Prices id. to {&. lower. '■ No prime hides offering. Ox, heavy, 6Jd. to 6J(i. per lb.; medium, 54d. to Gi-d.; .-light,:.4id. to ,sjd.;' slippy and cut", ; 4|4. t0,5d.; cow, medium, 4|d...t0 5Jd.; light, 4|d. ,to : '4Jd.;. cuf-arioVfslippy, : .3Jd. to 4}d.;' bulls,-.' 33d: to 41d.; calf, 1 -best, 8d: t0'9(1.; medium," 7id.;- inferior, '2Jd.. to S|d. j yearlings, 5Jd.; horse -hides,' 35.. 3d. to 7s. Gα. vTallow, in kegs, 21s: 3d. to 225.; in tins, 223. to. 225. 6d. '■Messrs. .Murray, Roberts and Co. report :— We. submitted yesterday a catalogue of 50 bales .wool, 3000 sheepskins,' and , doo hides to :a. good''attendance of'buyers. Prices'for wool .were oha'-loVer basis than last; sale, •but' it must be said that, on the' whole, the offerings' were distinctly of inferior quality and. condition. .' Sheepskins were; slightly oasier in price, in the lower arid inferior grades/ but good, well saved, and showy lots sold if anything at a higher range 'of values, especially, in the finer qualities.- 'Our catalogue of hides contained some' very superior lots, and .these eold at prices,' taking condition into) consideration at last'sales' rates. -Inferior,,and ordinary conditioned "hides, howevor, were lower: by, an eighth of a.penny to.a farthing per lb. We quote prices obtained as under .—Wool: Grossbredj ■ inferior and wasty, 55d; to 6Jd.; lamfe,' fair, quality,' 6Jd.-"to '7d.; lambs', e'eedy and<inferior, sd: to 5Jd.; crutchings, medium, sd. to 5Jd.; crutchings, inferior, 3jd. to 4Jd.; pieces,'-locks,' etc.,- 2Jd. to>4id.. .Skins- Merinos, - half-woolled, heavy; si"d. to GJd.; halfbreds,.and fine crossbreds, 7Jd. -to Bfd.;' cross-. bred; c6nrse".to. medium, GJd'. to ,7Jd.; crossbreds, . inferior -pets,' sd.' to 6id. dead ' and damaged,--tsd.'.to 5Jd:; broken nnd badly dam-aged;.-2d;; to' 4d.;..butchers,/ damp, arid salted, i3s.; 6d,■ to •6s'.''.3d.--eachi- , 'Hides:- Ox,' superior ■ heavy, stout; to 7id.;'ox, ordinary;'heavy, 6W.-to GJd.; ox, superior medium and'light, Gd. to. 61d.; ox, ordinary, medium and light, 5Jd. to'Gd.;. cow,, heavy, good, s}d. to,sJd-; cow, light and' medium, sjd. to 5Jd.; damaged ox and cow, 4Jd. to 5d.; badly damaged, 3Jd.. to i4d.; : bulls, stags, etc., 33d.- to 4Jd.; calf, .medium,>.'6id. : to. 71d:'i .. .; : .. ..,'.;'. .;: ... ... 'Messrs.. Abraham and Williams, -. Ltd.; : , report on' their-sale,; held.yesterday, 'as.:follows: ■-We offered , a good catalogue! to a large attendance >of buyers. The bulk of our : wool comprised.- mostly medium crufbhings, which Eoubup-to;last sales';prices.' -iSkin values held their' own,; except .-.-for green "and .damp ekins; which;.receded from Sd. , ,to Is., in .rvalue. .Wo did not i offer, any heavy, hides,' and' medium", dropped'.'id., to id. per lb..' We'quote:—Wool: Medium-crutchings, sd. to 5Jd.; seedy, 33d. to 4Jd.; bellies and pieces, rid.; crossbred fleeces,; 7d. ■" Skins: .Coarse'.crossbred, 6Jd. to 7d.; ambs, (ijd.; crossb.rod shorts/ 51d.;;, dead, 5Jd, t0:51d.;. inferior shorts, 2d;"-to '2Jd.; pelts, 4}d.;- .light/ damp skins,'2s. 10d. ;to ,'3s. 9d.; damaged, '.'to'.-- 3d.;' medium weights, ,ss. to ss. Id. Hides:- Heavy "'ox, none offering;'-. medium ox, Gld.;.'medium cows, 5Jd;; yearlings,'/5Jd.; calf,.B|d: t0.9.d.j;.bu1l stags, damaged/4d.'- Tin .tallow,-;.215.-'Gd./. ./-. ' ; , ■;■/. -v...',■.-,••,'. : :\ . y: o. Messrs.' Levin and'.-Company report as folows■ regarding yesterday's, sale:—We offered' GO ..bales-.'ot';. wool, 3000-skins, : 400 hides and calfskins, and/a quantity, of. tallow and .horselair. There .Avas.tt; good attendance of buyers.•Wool: Good ..competition, b,ut at a.lower/ range of : prices 'than last sale. Orutch'ings : are still ■ in freely, but sell.at. a halfpenny, less. than they/would have reached a lhonth ago. We qtfote:-Crosshred fleece, sd. to 7d.; lambs,6d. to'7d.j-. superior crutchings/43d. to' 5Jd.; medium crutchings, 4d. to 4Jd.; inferior crutchings, 3d. to 4d.; pieoes and bellies, 2d. to v 4d.; locks,. ljd..-,to -3d. Skins: Steady at last' sale prices. We' quote:—Fine-crossbreds, .7d. to crossbreds,-Gd. to :6id.; lambs' skins, Gd. tp".6Jd.; dead skins, 3d. to 51d.; dead hoggets, 3. t0..5J-d.; short wools/id, to 5d.;-dry pelts, ■2Jd. to 4d.';;green skins,-.:45. to ss. ■ 7d. lambskinSjj,green,, -.35.,;.t0 4s. 6d. , Tallow: Firm. Paroels .in shipping prder,-i£22 10s. Tins, £\i to 15s.' Rough fat, -ifilO .to -615.. Horsehair, 13.-to'ls. 4d. per lb.; horns, 'ss; to IGs. per" hundred; cowtails/Is. 3d.', to' is. 10d. per dozen. . Hides: Market steady—any tendency was in", favour of buyers. Calfskins were down a halfpenny." We quote:—Ox.hides, heavy, 6d. to GJd.; ox hides, medium, s|d. to Gld.; ox hides, light, sd. to 6d.; cow hidee, sd. to sjd.; out and slippy hides, 2d. to 5d.; stag hides, 2-Jd: to 4Jd.; bnllhides, 2d. to 4Jd.; yearlings, sd/ to 5Id ; ; calf, best, l\d._ to Did.; calf, medium;. sd. to 7d.; calf, cut and slippy,. 3d. to/sd.v ■■■:.:■ •.:■'•■.-. :.y-". ; . ■,'.■• \.;.'■ :

■The-New' Zealand ■;■ Loan ' and • Mercantile Agency Company, Ltd., report as follows:—Wβ oftered a large -catalogue- at yesterday's sale. The wool was composed principally of'crutchAs. was to be expected in face of reports from, London prices receded by' id., and, in somo cases,'id. per lb.; Sheepskins sold well at •la to', rates, with the exception . of'green skins/for /which lower- prices, had'to bo acj oepted.'. Hides-'and-tallow were in good deI mand, but ( . calfskins are ; rather lower. We qnote:—Wool: ; Halfbred, 7Jd.'to 7jd.-; ■; cross-' bred, 6|d. to 7d.; crossbred, inforior, 4W. to 6d.; crutchings, good, 4Jd. to 5d.; crutchings, inferior and seedy; 2d. to 4d.; locks and pieces, 2Jd. to ihd: Sheepskins: Crossbred, fine, 7d. to 7id.;" crossbred, coarse, 5Jd. to 7d.; lambskins, Gd. to GJd.;,dead and faulty , skins, \2Jd. 'to 53d.; good pelts, id. to,4Jd. ; ; damaged pelts, Jd. to 3d.; salted and damp skins, 2s. 6d. to ss. Gd. each. Hides;,Ox medium, 5Jd. to Gd.; light ox and cow, 43d. to.sJd.; yearlings, sd. to sjd.; faulty hides, 2Jd. to 4Jd.-j'calf, sound, 6Jd. to Bid. i calf, damaged, 3d. to s|d. Tallow, in tins, up to 225. por cwt. Horsehair, to Is. 3d. per lb.-.-.. , .. . .. : ..'■, . ":'...-' '■LONboNiMAEKETS. V ' . 'Messrs. Dalgety and Company,' Limited, ro : port having-received the following cable messages from their London house, under' date July 15:—Frozen Meat: Market has declined further. Prices aro declining, without materially improving the demand. Wo see no prospect of any improvement, in the near future.' The market for lamb, and mutton isi ; weak. Prices for beef nre Id. to Jd. lower, for mutton ore id, .lower,"nnd ,for lamb iid. lower. Wool: Sales continue firm in tho case of all 'good wools,' but greasy merino wools, heavy, earthy, and^"wasted,' and short faulty-scoured merino wools! are 5 per cent, to 10 per cent, lower as compared, with last series' closin» rates. Tallow: Mutton tallow in Reneral is unchanged. ' Mixed, fair to godd, is par to 3d. higher, and low and inferior descriptions Gd. to- 9d. higher. Oats: Market quiet. ■ ■