COMMERCIAL.

Dominion, Volume 2, Issue 280, 7 August 1909, Page 8

COMMERCIAL.

"."'. THE.'SHARE MARKET. ■':■'■'-, ' A. sale of Gisborno.Gas.at' £2 lis. was reported .yesterday, afternoon. The quotations were unchanged. -National-Bank,'-'sellers''.£s Bs.; Wellington'lnvestment, sellers' 11s. 0<1.; Now Zealand ami River Plato, .buyers £1 Ms. . fid., sellers £1 15s. Gd:; Feilding Gns, buyers .£1 0s Oil.'; Napier Gas, sellers £2i; Christchurch Meat, buyers ,£lO 7s. Gd.; Meat Export, third issue, sellers ,£3 Is.; New Zealand Ship-' ' ping, buyers, i£6 .fßs:, sellers £6 \%. ;' Wellington. Woollen, sellers £3; Westport Coal, buyers £5 Us., sellers M 155.; Westport-Stockton, buyers 7s.,'sellers 7s. 9d.; New Zealand Drugs, sellers £2 7s. 3d. j' Sharland's ordinary, sellers '-JBI Is. -9d.; preference, sellers Oil 2s.;'Tiiranaki Petroleum, buyers 7s. od., sellers 10s. . '? : "THE MINING MARKET. : This market displayed a quiet tone yesterday, and business, was restricted. . Waihi Grand Junction,-. Talisman, and Royal Oak shares were in most demand; The business transacted yesterday 'ivas as under:— '. ■'■/''-' ,/ -'. '■■;■} ,"'•' PROMPT DELIVERY SALES. '. .'. ' .'Dixon Consolidated, Ud. (first call). Kuranui, ,Is. llid. (third call). . . Mountain KiEg, Is. IOJd. (first call). ■ .'. New.,Sylvia, : 4s.'lsd.'(third call). .": ; ' -Reliance, 7d. ; (third call). . Eoyal.Oak,'.3s.. lid.,'3s. lid.,. 3s. 10d.. 3s.- 10d„ 3s. ,9d.. (first call). . ~, . . ■ •.- Tairua Broken Hills, 2s. 9d. (third call). ■■ •Talisman, £2 18s. 6d., '£2 :18s. 6d., £2 18s. 6d. (third :call). " . : : -....-■ ■■:. Tangiaro, 31d.: (second call), 4d. (third call). Waihi. Extended, 7s. 10d.; 7s. 10d., 7s. IOJd. (third call).-, .'■■■' ' ' ; ,'■ ; Waitanei,4s. 2d. (third call). Waihi Grand Junction; £2 13s. 6d., £2 14b. 3d., £2 13s. 9d.:(third call). .'. -,;.,'■ • Watchman, 3s. (third call). '.'■ ' _: Kosb. Goldficlds,:i7s.'3d. (first, call). "!', .DEFERRED. DELIVERYSALES..' .; ■■'.'Dixon ;Consolidated, Is. ; (one' month). ';'.-'... ..'May Queen, 6s. 4*d. (two, months). :',Talisman," £2.195: 3d. (seven weeks). ' . . .Watchman, > 2s.'lod. - (one month). .-'-" • ■ . ,Pr6gre?s,,,l6a. ; 6d.;:.(fivo weeks). ..-:,. , ;.-'; -; ,':!■ quotations; . : ;; •.- ■•:' .The quotations with .the latest recorded sales were-as under:— • •"".-.:'■■ ■'"...' ■•■'■■■:' Buyers:' Sellers. ■ Sales." -:■ ".'■ '•■"• ; : ■£ S.d. ' £s. d. £s. d. Bendigo- .;- .'. ..;0.0 7 ,• —".'; . —■■ .. Dixon Consolidated... 0 0 10J, '-'■ .00 11 Dominion ....'... :...'.. —. 0 011 — Halcyon ....:.... .' —'. 00 55 -.'■ — . . Kuranui ...:..;.. : 0 110 02 0 0 .I'lls Kuranui Caledonian,..-. — 023 — May , Queen -.......:...'...:.:.' ' —"'' 0 ft — , Ma'briland ~ ;...'.. ; ..: 00-6 .0 010 — ' -Mountain .King'....'......,.. 1-111 0 2 2 0.1 10i Now. Sylvia ......;.:.':...;...,-:o'4 0 — ; .0-4'15 Prido of-Waihi ..:.-......;. 0 1 1 ';0 1 3" V~" Royal .Odk, •.:;..■...:„'.■.•.;„•.' ■ 0 211 >.-—•■ 0' 3 9 Sftxon ..a;'.......;...::......... 0 2 2 0 2 4' — Tairua, Broken, Hi 115...; 0 .2' 9 ■> 0 2 11 '■"■ 0 2 9 Talisman ,:......: ......:.'. 218 3 . .2 18 9 . '2 18 6 Tangiaro-'...';....'..... 0 0©35 0 0 6 0 0 4 Waihi ■ ; ...1;.....:...:...::.......': 9• 8 0- 911 0 !'•'-. Waihi- Consolidated ■... ■• — .-' . 0 5 8 •■■ ■ —,■ Waihi/Extended. .. ..0,710 0 7 105' 0 7 101 Waihi. Grand;. Junction 213 9 214 0 213 9 Waiotahi •:...'.:.:.:...'.. .0.7'3 0 7 6 — Waitangi ;..:;..:....:;.......: 0.4 1. '0 4 3 .0 4 2Watchman. 0 3 0 '0 3 10 3 0 Con.'.Goldfields .......:'— . d 6 0 - . New Alpiiia. (cont.) ....... '—.'-. 0 7- ~4 — Eos3'Gol(ifields :..;....„.:/■' - :' ■■'■ 017 9; ■'■ 017 3 ' V'': ■;■;;: mining brokerage. :■ ■'' The .members of -the .'Wellington Stock. Exchange have adopted a, new'scale' of brokeragb as.under:— • '■■'.;-," '::.'.:■.. ■ : . ' : ';Up to 6d., Jd. per share..'".'" "• ; . Over 6'd., up ;to 2s.fJd.' per share. .' , ' Over 2s. j ,'up'to 35. : 4d./ ; per share. Over 3s. M:, tip to 10s., lj'd. per share. ■■■ .'. Overlos., if per- cent.' ■;- These'.rates are chargeable to both buyer'andseller,:so, that, in the case of a direct sale, the' broker makes, double• the above 'rates.- but'ion salc:to another.broker the above is all that is earned. The',new 'scale is aireduction on the one'previously in force./' /" '■',' / ,'/•

,' ■' ; ;.' : ;'.THB'AVqRLD , S money; •"; : ;./. /{ Accoi'diug 'to;l'Bradstrcets" ', tho:stock of gold 'at/present'' in' existence in the .world amounts .to ■ je.2,20a,000,M0 ■in - round' numbers, of which about 66-pur cent, is iii the form dt colli'or of bullion for! 1 coining : purposes.'. /-Tho- United States: leads; in'respect to tho: supply-of.-gold money, as-/will; bo. seen :by reference to tho following table:— /,.■.-.-..:/;< .'". United -States-'.'-. • ... Germany :....,.„., ! ...';.v.' 203,000,000 /" • ;'< France' '.i'....:,'.......-;.....!.;:' 185,000,000" '•' '■■■■<,' ..Russia ...:.;;;.!:..,........;...:. -.-181,000,000 '■-.-• United .Kingdom •.....„.: .113,000,000 ■;.-'■ ..'Austria-Hungary.:-. .;....... -61,000,000 .?.„,.;;itaiy ..;.....;:..;.„...:.......;'52,000,000: . .;■:•':-Australfc. ' .......................,.32,00.0,000. An interesting' indication'is '~also""--given .of ,tho'..change that has taken place ; in recent .years in s the composition of the .world's stock of, money. It is shown ; that, while tho proportion of silver' has declined about, 10 per' cent.,' that of gold has increased oyer'SO per cent, The stock to-dn}-, .is estimated, to comprise, .7 parts gold, 3i.parts silver, and. i\ parts paper. The amount of gold consumed in the - arts" and . industries . in; 1907 was, if. may; be. rioted, estimated by, tho Director oC .the.Uriit'cd- states -Mint at J27,000,000. ■ - A 'point brought out 'in ■ connection -with 'tho hgurps coining value of.Ubb silver!, prodiiced-.since.the discovery .of America lias :bebn about! equal to that: of- the gold, '.mined-. ,':Tho' annual-lproduction.'.-of-tlio former, metal has, increased,'.: slowly"' and,' steadily : of lato .years,'ivith'. its" commercial : value, however, lagging : far; behind ; v. : : ■!! .''.. IN COPPER: .;/:! ; !' The. growth of speculation in copper, warrants on tho .London ;inetal, cscliaiigo is .hardly: recognised by the. general;'public.f.and :'.an. idea of .the-.volume of business done! in; this; way may help the public in Australia to'follow the rapid. Uuctiiahons in -the !price ; of' standard copper;' tlio : grade -that is regularly quoted in oiir. cable messages.' ' I'or years, past orders ;havp been-sent.to London, for:copper warrants principally '.from, the Continent, but dealings on American : account during, tho. .last' twelve mouths havo.beau particularly, brisk... It 'has - apparently!,.occurred to.. people: in the United States.who.- wish' to. speculate in copper that ! warrants-en the. metal 'market;offer many advantages . over copper, shares'' oh the! Stock •Exchange.; This view',has!;been advanced to clients by a, firm.'of hankers and. brokers in >New York!ini;a. circular worded as follows:— .' 'Those who 'wish to buy copper, and do 'not caro to be bothered with the details of handling.'it, -will find it; most.,convenient to buy copper warrants on! the -London Metal Eichange. '..- ; .The nieta'l.is quoted-in London'in pounds per long tom ; aiid.the contracts call for delivery of what is known'as "G.M.8." copper, a grade slightly lower than our elecitrolytic brand. The ordinary unit for trading ,is .25 tons. The usual, contract is for three months, and the ! commission is 4 per cent.-for the. roimd.turn :on'the total amount of money involved.. 'The. contract ,may, be renewed- for ,a second three, months, on the payment of an -. additional commission- of :\ per; cent. Tho customary protection required is ■ to '■■£&■, .per.' ton."., _,-,. •',. .--, . :. -The activity 'of Americans in' this class of '.speculation is .attributed in part to-the: fact' -that, in .London- copper warrants ..they find i'a" means of gratifying their gambling instincts which is free from the' manipulation of' finan,cial cliques that are; so ; apt to upset calculations made in regard to Amalgamated or Anaconda shares. 'At, any. rate the business in copper warrants has grown enormously of,late, transactions, it is ; statedi amounting to-about 2000 tons.daily on the London Metal Exchange. The producer, of copper, of course, profits at times by the upward movement in tho metal duo to such .operations by selling against the delivery of ' his own commodity in three months'. time.'■ ■'.-. ■-•.

..Customs revenue collected at .Wellington yesiterday. amounted t0..£2324 7s. lOd. '■■■■;' /.,- V :;.,,LrVE ! STOCK SALES.. :/;.; " : ' ''■"'■Messrs.'- Dalgety--and. Co., Ltd., report- on their ..Levin ;sal_e as follows:—Notwithstanding ia number/entries' being' prevented' from coming forward,' owing to floods,-we had a good .entry of sheep and a fair one of cattle. Everything sold freely at late rates,' a complete 'clearance: being effected at the following prices:— A.nice line of mixed ago ewes: in-lamb made :175,5d.; fair hoggets, 10s. 5d.; better sorts;'l2s. j light fat'ewes, 135.; prime ewes, 155.; medium fat wethers, 155.; others, 145.,'145. 4d. to 14s Bd.'; empty ewes,. 10s' Gd.; two-tooth wethers lis. Bd.;iforward ewes, 135.; small yearlings' 19s.'; small heifers, 315.; lgiht bullocks,. £7 15s.j':-fat cows to £5 55.; three-year steers £4, 95.; springing heifers, £3 13s. Gd., £i 10s " ; .£5 75., to £5 10s.. ...' .;,' ■The New -Zealand Loan and Mercantile Agency .Company,- -report', - stock sales held ■ during the week ending August 6,, as ,'.follows:—At ■ Apiti, on Tuesday in spite'-of. inclement weather, a fair yarding came'forward, and realised good prices. Quotations; Mixed lambs, 75., 95., 9s. 9d., 10s. 2d.,' to 10s.- Gd.; forward wethers,' 145."-3d.j ewes' in lamb, 15s. 2d.; 21-year steers. .£3.145.; 3-year steers, £i 55.; forward' cows, £3 2s; Gd.';!heifers in calf,' £5 to £5 12s. Gd.; springing cows; .64 £5 2s, Gd., ,£6 Bs, Gd. 'to £G 10s.; backward cows, .£3 35.; sundries,..usual rates. At Fcilding, on Friday, the rough weather prevented several lines from coming forwnrd, and'sheep were a shade easier. Cattle sold well at late, rates, a pen of 48 2-ycar Hereford crosß steers (on acoooßt pf Mrs, Perix of Kiwltea) mods

,£3 14s. Wo quote :'-'Sheep: Cull hoggets, 4s. 6d.; medium hoggets, 10s. 2d.; fat ewes, 12s. 9d. Cattle: Store cows, 31s. Gd.; fat cows, .f. r > 175.; yearling heifers, 295. : Gd.;, light fat bullocks, ~£l> ISs. Gd.; Hereford cross 2-year steers, £3 14s.

Messrs.\Dalgely and Co., Ltd., report:—At bur Fcilding sale yesterday there was a good yarding, of sheep, and a small yarding of cattle.-. Sheep: Fat and forward wethers. 13s. 9(1. to 13b. lid.; 2-tooth wethers, lis. 4d. to 12s.- 2d.; wether ' hoggets, 10s. Id.; woolly wethers hoggets, lis. Id. Cattle: Store cows, .£3 7s. Gd. ;■ springing cows, £i 55.; heifers in calf, M 10s.. to £T, 17s. Gd. ■ . .

Messrs. Abraham and Williams, Ltd., report as follows :--At Levin yesterday thcru.was a. full yarding of. all'classes of stool;.. There were forward 2200 sheep and 250 head of cattle. .Competition for breeding ewes was not as keen as it has.been of late, and x vendors, in most cases, had 'to reduce reserves '..before sales were effected. Prices for store wethers also were in favour of buyers. Fat sheep; however, sold readily at advanced prices, and, with the exception of two small pens, all'the sheep changed hands. Cattlo of. all classes also sold readily, particularly young steers, for which there was an unsatisfied demand. Fat cows and heifers were keenly competed for, and sold at prices in advance of .recent . quotations. Small 2. and. 4 T tooth ewes in lamb,. 15s. Gd.; good skinned s.m. ewes, in lamb to English Leicesters/ 16s. Gd.; 4, G, 'and f.f.m. ewes, in ! lamb to Romneys, 16s.;'other lines of fair owes in lamb, 13s. to lis. 2d.; fat wethers, 15s. Gd.'to 17s. Id.; store wethers, 135.; light fatewes, 12s. 5d.; store ewes,- 95.; mixed hoggets, 10s. 3d. to 12s. 6d.-; GO cull rams, Bs. 3d.; light fat bullocks, £6 19s. Gd.; 3-year steers, JES; 2year steers, £3 lis. to M Gs.; 18-raonths steers, £3 3s. Gd.; bad-coloured yearling to 18-month steers, £2 55.; fat cows, £i 15s. to £i ss. 1 fat heifers, £4 4s. to £5 25.; forward heifers, £3 3s. Gd. to £3 Bs.;.empty 2 and 3-year heifers, £2 15s. to £3; springing heifers, £i 15s. to £5.; -'-■■■','' Reporting on their Woodville sale last Monday, Messrs. Dalgcty and, Co. state:—Owing to the rough weather there was only a medium yarding of sheep .and ho cattle. For the same reason also yesterday's entry at.Dannevirke was .small. Prices all round are about-on a par with, last week's quotations. - Two-tobth ewes in lambi -15s. Gd.; do., small,, 13s. 6d.; fat wethers,' 145.; empty 2-year heifers, 395. to 505.; yearling steers,"4os.; 21-year steers, 895..

.'•Mr. Newton King's weekly auction report, dated August 5, is. as follows:—At Urenui on Monday there was a fair yarding of cattle and inearly.everything was'sold at the haminer, as follows:—Werners, £1 Is. to £1 Bs.; yearling heifers, 345.; yearling steers, £2; 15 to 20-months do., -£2 4s.- Gd. to £2 13s. Od.; 2Jyear do., .£3.175. .Gd.; 3-year do., M 4s. to £i 10s.;- store cows, 375. ■ Gd: to .£2 175.; forward do., ss. to .£3 lis.; fat do., ,£i. lis.; fat, heifers, . ,£5. Is.; forward do., .£3 155.; empty do!,' '£2. 12s. .Gd.'to £2.l9s.;,'springing do., ._£i toi.£s.2s. Gd.;-springing cows, .63 10s. £i 10s'.;' bulls, £2 lis.;'lambs, 9s. 2d. to lis.■■■Brt.; f.ni. ewes, 7s. lid. to' Bs. : -id.; 4, G, and -f.ni. ; ; do.; : 13s. lid.; 2-tooth do., -16s. ■ 2d. On the same day 1 held a clearing sale at Tataraimaka on account. of : Mr. :L. Larigridge. Early; calvers' made .£5 15s. to £&; late do., £A ss. to £5 '55.; mixed calves, 295. Gd.; sows and litters, .£2 JOs. to .£4 155.; sundries sold at rates...l also held a sale on Monday, at ltatapika, on account of 'Mr. C. T. Harvey, Forward cows.made £6. to .£7 10s.; late do., up .to J35 10s,; empty do., ~£2 ss. to 10s.j .weaners; 155.; f.m. ewes, 7s. lid.; sundries as usual; At my Rahotu'yards on Tuesday young, cattle were in good demand, and sold readily at the hammer: An exceptionally. good lino of.yearling heifers realised £2 145.; weaners, •Ms. to 21s.Gd.; mixc yearlings, 235. to 335.; empty., heifers,- £2 . lis.; in calf , do., £3 ss. ; store .cows, £1 4s'. to .£2 ss. 6d.;.fat do.; £i to £1 10s. On Wednesday I held a sale of dairy cows, and springing heifers at,my Stony' River yards." Over 300 head were yarded, included in .which .was: Mr. F. J. Rippon's dairy herd. These, were sold without reserve, and madeiifi ! to -£H '10s. for early calvers; Into do. and empty, £2 to" *4 155.; Jersey heifers made iHS ■2s. Gd. to .£9 10s.; ordinary sorts close uip .£5 to £G 2s. Gd.; later .'do., .£3 15s. to £i- 155.; springing, cows, -.£4 10s. to £6 ss.- The. same .day I. held a clearing sale at Ellham, on account of Mr. J. Briscoe. Earlyrcalvcrs made £6 to ..£l3' l£s.; late do., £3 : ss. to '£5 18s.; marc, ,£9 2s. Gd.; sows, £-i to '■ JE5■'ssl';''boar, £i; st ofo pigs, 16s. Gd. to 28s'.' At Wai'w.-ikaiho yards on Thursday thcrowaS.a good yarding of cnttld, of which a good proportion were springers.- AVeaners made 2-is.'to 2Ss.; mixed -yearlings, 335. to ■ 42s. ;'' l&inbnths steers, £2 lis.; 2-year, do., £3 ;lls.;. 3-year do.', ,<£4 55.; 4-year do., £5 Is.; empty heifers,.forward, ..£3 10s.;'springing ;d0.,-.C5 to £6; springing cows, £i 10s. t0..£6 155.; store cows, £2 55..Gd.,t0,,£2 18s.; forward do., ,£3 to 145.; fat do., £i to:-JM.'ls. y ■<■'■ ■ •."••.;;•■■■::•■!'■-■

. WELLINGTON. JIAEKET REPORTS.' . . The • Now- Zealand -' Farmers' . , Co-opeVativo Distributing l Company, Ltd., reports as fol-: lows:—Maize, is. Gd. to 4s. 9d.;-wheat, whole* fowl, barley, Cape seod, 2s. . fld.j. barley, feed, :■ 2s. (id.! to ■ 2s. 9d. per bushel; barley meal, best -quality, £5 15s: to £5 pet ton; oats, 2s.' 3d. to 2s:.id.;' oats,'seed, Snarrowbills,. Gortons, Duns, Algerians, 2s. 8(1.; :(iats, crushed; 2s. 7d., per bushel; liorse'beans, : 4s. .Gd. per bushel; -partridgd peas," 4s. 9d.'; Prussian Blue. peas, ss; Gd.' per'bushel'; hay, prime, ; £3". 10s. to-, £i 15s; porton, 'straw, w'ueaten £2 55.,. oaten £2 2s. 6d. per ton;; bran, '£&' 15s. to'-£5; pttUard, £5 15s. to £G; ; sucro3inc; v 2oo's. £7,. 100's , : £7 ss. per.''ton; linseed oil.cake,' genuine,; £13' per .ton; priiiic oaten sheaf.'• -chaff,. £3 ss. to £3 iOs..;. discol--.ourbd, £2 10s.: to, £2 155.. per ton; potatoes, '£4' 10s. to iT'lss.; selected Canterbury Up-to- ; Dato' scs'ds, £G. lis.; British Queen seeds, £7 10s.;'onions,. £5 to '£5 10s. per .ton; butter, soparator 91d. : , dairy 3d. to 9id.'per;lb.; eggs, fresh, Is. .id. per ■ doz.,'. fair demand; honey, GO's 41d..'.14'a 43d.; beeswax,. Is: 6d.; .fungus, '4Jd.'; walnuts, 43d. per lb.; ckeesV best factpry, mediums, 61d.; bacon, factory, sides. Sd„ rolls 9i!., hams Sid. per 'ib.; porkers, .70's to • 80's.SJd. to 5Jd., 90's to 100's sd„; baconers,4.}(l. t0.43(1.; heavy pigs, 3d. to 81(1. -per lb., very gpod demand; cabbage, 25.; parsnips, 25.; enr-'l-ots, table, 1 25.; hors3 v carrots,, 255. to 30s. per ton; marrows,. Is.; cauliflower, 55.; pumpkins, 3s. per sack; swedes, 235:-, to 30s. per: ton; apples, dessert,- Gs. to, 95.; apples, cookers, Gs. to.7s.j pears,-: dessert, ,18s. Gd.; pears, cookers, 15s. pe'reaso. -Poultry. Table'roosters, is. .Gd.; cockerels,. ss. Gd;; table nens, 45.;. ducks, Gs. to 75,; geese, 6s. 6d. to 75., all at per pair;turkey gobblers, ! lod:; hens, Old. per lb. '.

Messrs. Laery and Co., Ltd., • Wellington, re--port wholesale prices ruling'on tho market:— Wheat, fowl, 4s. Bd. to Is. lUd.; shrivelled wheat, .45.;" feed oats,' 2s; to 25.. id.j dun .oats, 2.«. 2d. to 25.4 d.; seed oats, 2s. id. to 2s. Bd.; Algerian feed oats, 2s. 2d. to, 25.!5d.; taaizo, is. 7d. to 4s. Sd.; crushed nialt, 75.; fowl barley, 2s. : Gd.* to;-, 25.;. 'Jit. ; . Cape: barloy, 'seed, 3s.;' horse,- beans, is. Gd. (all at per.-bushel); ricenieal,.,.-C4 , ss. to £b; flour, Now Zealand £11 10s. to £12; bran, ,J.'4Mos. to £5; pearl barley, XVi; peas, partridge, 4s. 9d.; Prussian bluo,."is.. 3d. to ss. 6(1., fowl peas ,45., split ,£17..105'.;- bonedust, £6;. superphosphates, £5. to £5 55.;.; pollard, [£Ci . 10s. to £G ' 'lop ; guano, ,£4-10s.; chaff (oatensheaf), £3 ss. to £3 155.; oatmeal, £10 55.t0.,£10 10s.; potatoes, £i' ss. to £5; seed, potatoes, £5 to .£7; onions, £5 to £7; Jap.anesa '. onions,: , £13 ;'• . molasses • fodder, £5; bacon ■ (factory), sides -73d.,: hams Bd., rolls BJd.; butter,; . bulk! 9Jd: to; 10d.; Poultry:, Hens, 3s.'; ducks, 45.;.t0 55.; turkeys, gobblers lis. to 125., hens 9s. to 10s.; fresh eggs' Is.. '3d..'-to !.ls. id.; cheese, Gd. to GJd., per ,1b., : loaf .. 7d. to 7Jd. per lb;; Akaroa inach'in'e-Bressed cocksfoot 73d. to Bd., farmers' dressed sd. to Gd. per lb.; ' ryegrass, 3s.'3d.' to 4s. Gd. per bushel; Italian ryegrass, 3s. 6d. to 4s. 6d. bushel;white clover,. 70s. to 755. c.wt.; red clover, Gss. cwt.; cow grass, 655. cwt.; alsiko, 82s. Gd. cwt.;mustard, 40s. cwt.; trefoil, 375. Gd. cwt.; rapo seed, 2Gs. cwt.; timothy, 325. Gd. cwt.; swedo and turnip seed, 60s. cwt. '

~-'.:. GRAIN MARKET: : (By Telegraph-Press Association.) Christchurch, August 6. There' is not such keen inquiry ' for wheat locally as there lias been in the south, and as there'is very little-offering business is quiet. •The fact that the spring threshing has commenced,. and that a few sales took place early in the week at Is. 9d. at country, stations to fill, immediate shipping requirements, has caused morp oats to be offered, as Is. 9d. was'an extreme price, and was given in order to obtain supplies to fill space thatMiad been engaged tor wheat. The latter now being worth moro locally than in London, buyers are not offering moro, than Is. Bd. at the o.utside. , The London market for oats being weaker, shippers are not .operating beyond their requirements. As there :'is' no inducement to speculate at present, no sales of any importance are recorded, niost of tho lots changing hands being small. .'•■>'.. There is .improved inquiry for cocksfoot■for spring sowing.: A line of. 15lb. seed, which is, of course, much above the average, has changed hands''at sd. per lb. at Little River. ' ~ , .

V ''LOiNDON, MARKETS. ■',''."',■'■'■'' > . Messrs.. Dalgety and Company, Limited, report having received the following cable mes-s-ape from thoir'London house, under date of August s:—Frozen Meat.—For frozen mutton nnd lamb,the tendency is in favour of buyersi Quotations are as follow:—New, Zealand prime crossbred lamb, Canterbury, heavy, 2Jd-; do., do., light, 3§d.j do., do.. North Island, heavy, 2jd.; do.V do., light. 3Jd. i N.Z. priino crossbred mutton, Cantexouxj, heavy, Sid.; do* do,,

light, 2^(1.; do., do., 'North \ Island, heavy, 2d.; do., do., light, 2!d. - Beef is in fnir demand. Quotation for New Zealand, prime ox beef, fores, is 2§d., and for hinds, 3Jd. MINING NEWS. ' STOCK EXCHANGE. ' (By ToleErdDli,—i&cclal Correspondent.* . Auckland, August G. . Mini ng stock on the Auckland Exchango was very dull of said to-day, and there .was a drop in several instances. Shares in the' Watchman mine, consequent upon a telegram announcing 101b. of picked stone from tho eastern face, rose in value quickly,' but other lines were slow. The following aro the-prin-cipal' sales:— . Kuranui, 25., 2s. Id., Is. lid., and Is. 9d. '■May Queens, Gs. 3d., • 6s. 2d., Gs. 3d., and Gs. Id. •-..-. Saxon, 2s. 3d. and 2s: 4d. • Wniotahi, 7s. Gd., 7s. 7d„ 7s. Gd., 7s. 5d., 7s. 4d., 7s. 5d., and 7s. Gd. Waitangi; 4s. Id. '■■''.. .Watchman,-2s. 10d., 2s. lid.,' 35., and'3s: Id. Consolidated Goldfields, 255. Dd., 255. Gd. : Old Hauraki,; Is. 9d., Is. Bd. Royal Oaks, paid up, 2s. 11(1. Royal Oaks (cont.), 3s. 7d., 3s. Gd;, 3s. 'Id,,' 3s. Id., 35., 2s. lOd. Tairua Broken Hills,' 2s. 10d.. 2s. - Hd; Tairua Goldon Hills, 75., 7s. 2d., 7s. 3d. Talisman," 595. 3d. , .. Waihi,..£9 10s; .'..:■ ■■\Vaihi Consolidated, ss.- 7d. • Waihi Extended, 7s. 9d., Bs., 7s. lOd. .Grand Junctions, 555. 35., 545. Gd;, 555., 545. 6d., 545. 3d., 545, sellers "closing at 54s Gd., and buyers 545. , ' ' ,' v : (By Telceraph.—Pr>aa ABBoclatlon.) Dunedin, August 6. , Stock Exchange sales:—Waihi Grand Junction, £2 155., M 13s. 6d.; Waihi Extended, 7s. lOd. (three narcels); ' Eoyal Oak, 3s. Id. (four parcels); Saxon,' 2s. ' Sales reported :— May Queen, 6s, 2d., 6s. Id.;, Royal Oak, 3s. 10Jd.; Waihi Grand Junction, £2 15s! Gd. : .;''';-■■': royal.oak: - : 'i. ■ (By Telesropu.:—Special Correspondent.! Aujklar.d, August 6. The following telegram has been received, by the -secretary of tho Royal Oak Mining. Company irom - tho mine manager:—"Broke down reef;.to-day; strong dab's' of gold in' stone; more quartz to break down yet." '.."', MAORILAND. ' ' ' ,' '. ' Auckland, August G. - The trial crushing of 3t£ tons, of tho stono taken from, the large, conglomerate, formation in. tho cast crosscut in ...tho. Miiriland mine, Waitekauri, gave, a-value of ,£2 35.-Gd. per Lou. With tho: object of proving the value of the formation iii bulk as.-lhe.drives north and south ■ progress other ' parcels. will, from time to timo x be treated.: .At a. meeting, of. directors-to-day it was decided to'more vigorously develop the property; ■ " ..'-.- ":■-'■ \ -'/' .';'■. WAIOTAHI. .'.':.

. ' Auikland,'August, 6. ,Tho rise on the hanging .wall leader, en tho eastern end of No. 4 level in the Waiotahi ,mine, is-now up .a distauco of about 4 , feet above the .back of the. drive, and tho leader 'was-broken down to-day,. but no gold'was seen.in the quartz. Tho leader is much split, and looks poor.;, It may improve, higher up, but its general appearance and that of-the. country are not encouraging. At this pointy which is some, 251't. eastward of whero the' picked stone' was obtained in the back,of the drive some, days' ago, .'a.'start: has 'also beenmade to beat, along the loading stope from where tho small block was .stoped, but this is,looft. westward, and as tho drive, will have to be . timbered up as 'the , work ' progresses, arid there is only one shift employed, it will take, Sonic weeks to reach, the point referred to above,: where, the .picked, stono, was obtained. No gold can bo seen in i the quartz, ; being broken out at present.- ■ ■ ■! ■•',,.'-.. ■

•', WAIHI GRAND.JUNCTION.'.. Auckland, August 0. Tho higher-grade ore showing oh tho floor of tho north crosscut through the Martha.' raof nt. No. 5 level in the Waihi Grand Junction 'mine-yesterday is now in. evidence" wcii up the face of the drive.. The quartz is highly- mineralised and/ improved values may be "looked for in. this section ,of the lode. ■ '•'.'; : DREDGING." ; : '■.'' ■ .;' (By' .TeleEraph.-Preas, Association.) -','., , ■-.)':• '.'■•■'.Dun'e'dlh,-August 6..■ ■ - Dredging'", returns:—Mystery Flat, 470z.\ Bd\vt.; Electric 11, .390z. lOdwt.';' Koputai, 27oz'.' 13dwt;.- ;■ Mastorton; 250z. 14dwt.-; - New ■ Roxburgh Jubilee, 250z. lldwt.; - Elect™ I, ; 17oz. 9d\vt.; South' "Wjiikaia, .15oz. sdwt.. '4gr.•; Waikaia, 1-loz. 12dwt.; Central Cliarltonj 13oz. Idwt. . .;', ■ CONSOLIDATED GOLDFIELDS. The, following telegram was-received by tho Wellington Stock- Exchange yesterday from the Consolidated- ■.: Goldnelds:—"Progress.' crushed 3715-tons',, yielding .£4859; cyanided 2555 tonsi' .£1237; estimated profits from sulphiirets,'.£7G2V "' "Wealth of Nations, 1402 tons, yielding ,£1767; cyandide, 900 tons.' ,£G29. '•'< .. : "Black-water, 2550 tons, '.£5616; cyanided: 1665" 'tons,, yielding .£447,.."' : '■'■'■''"■'■ '' >■'■ '."-'. .-V.,!. : TALISMAN 'CONSOLIDATED;. ;.-"'' •', '■';.'' The following telegram was.received yesterday by tlie, Wellington Stock Exchange from the. Talisman Consolidated;— ~. , ."-,',' .. / '"The following cablo, has been dispatched to. London:—No. "12 level south: progress 59ft.; : width of reef, 42 inches; values low'.- No. 13 level south: driving north on branch' vein ; progress, 14ft.; width of reef, 36 inches; values low." ■•■-," '.■.■'■• ' ■ '• '.