COMMERCIAL.

Dominion, Volume 2, Issue 598, 28 August 1909, Page 8

COMMERCIAL.

• ' i ' INVESTMENT SHAKES, '. •" Bales of- Wellington JToollcn 'at £3, and Tara- :: naki Petroleum at Us., v wore . recorded yesterday. ' Petroleum shares* appear to be in .very { good demaud. for throe sales were renorted .yes- : . - terday, and the buying demand is ■. still.- very Eronouilocd. The developments recently nave con of a very■ i favourable character, ~whicli • : raccouuts for-thc speculation in the shares. :National: Bank,: buyers:: £5.. 95.;: Bank -of Now : : Zealand,- buyers £9- 4s. 6d;;' Wellington Invest- ■" : ment;' buyers 1 lls. T, 9d.; ■ Wellington'. Trust' .and Loan, sellers £7 2s. 6d.'; .Feilding, Gas, buyers • i £i*.'ogr- 9<L;- Palmorston> North Gas, sellers £7 :: 15a.; -Wellington Gas, new issuo, buyers £2-2s. 6d. V premium;• "South;' British. •••' buyers £2 123.;. 'Christchurch' Meat, 'buyers £10 10s.';.:Gcar Meat, • £4 paid, sellers £10 65.; New Zealand Shipping, buyers: £7; Wellington Woollen, buyers £2 19s. 6d., sellors. £3; Hikurangi Coal, buyers 18a. 6d.; : ;,ft ':iWestport-Stockton Coal, sellers " 75.; -. Leyland-., -V- ,O'Brien •Timber,,' buyers ,£l'.la.. 9d.,: sellers £1 25.; 3d;; New v Zealand Paper • Milte, buyers £1 2a. 3d.; Sharlands, ordinary, sellers 21a.. .prefer.. :• cnce, sellers 21s. 3d.; Taranaki Petroleum, : buyers 10s.; 9d. CANADIAN BOEROWING. : ■ The . rapidity:.with-which Canada' is borrowing V; 1 ; vln 'the."London."markfet'is' commencing to excite, r ; , attention, 1 although' the securities'of that; coun- ;. "try: are regarded with great favour by the ; .'..ißritish ■ investor. »; 'Loans by the .'Dominion, how: iv-ever,:.6fUate'have, 'succeedodl'each other at very, intervals,: tho : operation of £6,500,000 . being followed almost immediately, by another 10any0r..•£2,000,000,: ,ostensibly .issued.i by .. the Grand 'Trunk Paciflc Railway.' but carrying the guarantee of '' the Canadian Government. Tho '. ; municipality of Montreal, too, 1 appears to have ■'\ l '. im-ited :tenders • for £650,000,"' and. to].'have re-' fused / to . accept :.any' of, those ,received, which, has.not created - a 'good .impression in London. Si::flnanoial icircles;:: I 'Tho ' of./the money article in' ' The Times" sounds a note of warn-Ingi-regarding, the enormous .number of:'new -..:securities .issued lately,"..notwithstanding that they. : are;of''a ; high'class in'tho:main:- He points , v" ' ' out that, as long' as "money, isvchcap : and plen- : tiful tho multiplication of now.seciiritios rather , i increase its-plenty; at least'in .appear-;; ';:j : .V'anc6, :by:.:pro'viding..'hew .collateral against which 1 ' ' : banking credit yean- be created. . ; 'But H money i:'becomes acarcor and the facilitica provided for ii?.:. carrying /.this amass of : new; securities:.are .cur-' tailed;;.by...the'.. requirements: of: trado.vactivity,-' .v :the',pressure of : Block - that: has n'ot yet 'found ■ '-. .'a' permanen't' homo" ia -'an uncootfortablc ' poa-, s-iO; .oibillty .be' reckoned with. At pre-' " eont '-the indications of trade activity in Great 1 ":ilt:3ritain'i7hay^'6tiir : "'tor:,bd ?lo6ked Vfor.. closely. :' though thoy aro there to.,reward. the' eyo, of ■i:;. > faith; "but - the ": high • priccs 'of ■; cor tain, .commodi-. ■ j tics, .especially wheat and cotton, for which ,'i- London ; is ' regularly, drawn .on- in ' tho autumn:. ; - Uionths," seeni .lilt'cly ' to increase/.' pull' on". ,that market in the latter half of the year/and . the - large -. amount ' of ' foreign. , securities that: ,have,'recently. : . beeh;'i'Bold there tends to assist ; : '': :the 'proces3. :': Ilec'cnt loan -.operations. arc bev'Ueved; ' to r bof to . the . ! keenness', of: : r ;:.: the's7lrgentihb'':: demapd':' lor' '"at. .- .i.present-lexercising the foresight "of Lombard j Btroel; 1 -and--though 'most. of the credits .that, . - have been .given - will presumably be absorbed: "- ".. by'-commercial transactions, the extent to .which' ■ London has;been"lending the right to draw, on ; lt is;not a matter to be j ignored.. : :

■vvi ' , SaoSa'information. as is 'available in reference : to th J-imports and exports .of the' Dominion (says v. review'')-' . point .in the- direction of continued caso. -The i;•interim'-'-offloial ■ 'report ;for,; Jiily 1 of- .exports "• of : v. ' the principal .products Bhowa. an estimated ox-' ■ V -'■■ ■' :cess : o7er the .same -month of'last' year of 'over '£370,000. / 'Fairly heavy shipmenta.-of -grain and ... pulse are .still going forward, and. the wool • and-dairy produce season both promise\ to be exceptionally good, and earlier than .-usual. ■ There is •every> prospect, : therefore; 'of the cxl;; --- porta .for tbe last half■ of' 1909 being considerably' • -'heavier than, those of last year. • On: tho 'other hand, the' imports ' appear to be kept on a ;s.-v.. . reduced '.scale, ;asis ■■ indicated .by the particulars. of exports- for -.- New- Zealand ; from - ■ the '■f■:; United -' Kingdom to June 30.K'For the sixnionths to -.- . -.that,date.there is, on tho average, a fallmg-off of J.r.ft/v.vOver v-lB -per vcent. -s.ln: recent years our trade : : statistics for; the .second half of the calendar .' ' year - have -, shown' an "excess -of- imports over exp6r{o';:6f^.botween' ; two-and "three , millions.' but ■ -i.with heavier. exports,' and. lighter .imports;"we ■ 'look: for. a: much more -satisfactory result "b" : the,end-of ,:Money, is."now'/in. sufficient 1 : : BUpply- and: readily available for all legitimate ': ".'purposes,. mortgage / advances ' bo^.ng;':obtainable' : .' v at from sto 6 per cent.' .-. '

■ ..//' ; '' V/'Customs': revenue collccted .at Wellington ■ yes- . . .- ' .tcrday -amounted to . £1507 -6s. 3d. V BANK OP ENGLAND RETUKN. (By Teiegraph.— Press Association.—Copyright.) " "(Bee. August 27, -7. p.m.) '• OiVv. ■' / London, August 26 -■ of -England. return . issued for the I ':. vveek ;,ended . August" ' 25, : : is - as : under:— v JJETO DrpAnntENT. » , ■/ ... ■ -£j/7,2IJ',CtO' ' ■' /.''l'-iV*-':* --'j.Other-'securi- :>■ . / , tio3 ... ,7,434 000 -A"'V; i '-v.fi -VK.;' .■ •» y " ■: . / /'/BINIDNQ DKPAMKEST.- . i : proprietors' -. : '. Govt, socuri-:■ 1 "' : ! a! .'iV-J; capital K ; yf14^53,000,'" ; ties,. / •: £15,366,000- ' . '..Public do- -'-V -/,/- > -. Other securi- -.' . 1 / y< ... poiita ..... 9,757.000 1 tios /.' . ... "23,455,0 M' - '-X<-.', r ;Ctber ds- ;/: posits 45,218,000 Notoj... 27,737.000 ' , . . .•" '..-iiest, 7-day .' ■-/.-; S| . • . . . • • and otlier. ''. -. Coin . . ... . 1,512,00J ; r3,iS£;boo'■-;... ■ "i£73,073,0C6; // - ■/ '/ - ' leading items of the Bank of England 're-' : tarn .afford tho tollowing comparison:— . • j..;''/^;'i-^i;;;v 1 . ; /''::;i;; : i;:^;!?iKi8wb0k;! i La8t week- LaSt year . ! H :-Bullion i.v.. „. 36,784,000.58^2;i.C0a..., 37,08r.,000 -Kesem... 19.2.1U.0C0£8,f3i,0tt) .. >.-7,M,«i0 •%^- :i^'y-'--.vV''\i^6ted*CUl»Ubn';'*S9;4J6jC(U''; 'i' £9;lSKOOO'-.' £9,233,000' '.: ' Pubiio Deposits ' U.757.00J' 10.2.-2.0U1 ' 7,b?i.OjO' D6posita'--- ; 45,248,(WJ '-44|d09,00J /.44,Ma,U00 • .. . j • Vroportion of ■ • • • '■■y'.'-i'-v ' .reservo'. -. to"- :-.' ■ ... liabilities... . .63.11 ' 52.5 i • 53.60 - GOVEENMENT SEOUEITIES. ' '-"f', The /following "are -the latest /.quotations • for Govoriiihout securities; with a comparison, of those ;: • ruling last week 1-7 .- . vn; j -/:V-?'- : : Variations J '~ . p r : M i • compared j.;:; . lrico . • >. lwith^.'> .'■>/:// '-- ''■ / - -. / — ■ last week.

-e'- ; -.s. :'Y.. ■■- i.. B. u. 'i - . Imperial Consols '84- 5• 0 ; 59.lower' •',) N'.S.W. 19:3Jiiq.-.lnly 1(7/, 0 0.: Unchanged. i -£ it^i;N.S.W.'lOlSJlar-Soi)to3 15' 0 -Cs.hteher' :i „N.5.W.1935 Ai)l.-opt. V '„. 88 U 0 Unchanged- . „ Vic. l£2G Jan.-July... 131 U Q Unchanged ; . "Vio. ID2I-6Jan.-July: : 0 0 'Unchanged. Vic.l'j'iWO jau.-Juiy .., E6'iu. 0 Uncflonfjcd j tiB.A. 19id Jaa.-July. .... .Od. 00' . Unchanged :> '' B ->;, B.A. lSJlij Jan.-July ' 84-10 0. .Unchanged' . r i ..Q'l'diyi'S-'lAiliin.-Jlilj ... 101 '2 6. : > a'W.'VO' O'. '23, Oft tower; ' ■: b., Q't'tlltlii-lV jan.-Juiy.- ..35 - 00 ! -JOB. lower , < N.Z.-H.2.ivlay-Nov." -;',:7.v -IOuJQO ' iii „ N.Z.' IUtJ Jaa. Jmj' ::.... .03 10 0 .: • f-, S • „ N.Z: 1945'A|iril-(Jct/. ; : 8715' 0' 2s. lid. higher SI., '" fi'j '2*6- 12s.i'd.bl(ihed • S':' .i.W.A.IUS-M.Uay-Novßj: 0 0!. ': Ms. hifihed . Si ; ,;'Tas.l!)4ooan;-Julyv.'::.oD 10v 0 . .Unchange r . V.v' b ..Tas.lt/aJ-i(J jua.-July,' ... b! 0 0 Upchanxci THE MONEY SIAEKET, , i . ;Tho'..Bank; of - England- rate, of discount is .25 - -".'pet: cehtM 1 .to",.svhich :it was redufced on April 1. ■'. i - Short loans ill London are unchanged, at 1 per - cent. ( - • Ynree months' biiiß in London 1-16 .higher,-at. • '.11' per 'xeht.; in Paris, unchanged, at U'per; cent., and in Berlin, .1-15 higher, at 21 per cent. COLONIAL AND OTHER PRODUCE. ■ - market '.is very., inactive.;; Buyers' »r.e indisposed to deal,, owing to-tho uncertainty, of; the' result.:'of ,the 'world's : harvests;', Though '■ weathcr'-hcro' is 'Unfavourable- this' is counter.balanced by. lower American prices and pressure . v :to jseUVKussian' and> Canadian- wheats. -. lThero. ' ' ia ! little inquiry' fot icargoes.Australian ailoat . is 'quoted 'at. 425.. to-425. ,6d... loading, at 41s.- 6d.;' .' '' tiefw :crop, December-January:shipment,' 38s. 9d.; v ' per ■ steamer, January-February, shipment,: 38s. •' 6d. The. spot trade is quiet..'. : Australian, 445. to '45s.Now long 'berry, 425. to 435.; short berry, ,41s. 6d. to 429. 6d.< .v 5; -"- • Flour.-H'here is a dragging trade >, in, Austr* lia. The London' quotation is 325., and -at: ' '.Glasgow 325. 6d.. ' '.. • • Oats ftre quiet: Cartons afloat arc quoted at ; ;£os. to : 205.',6 d., sparrowbills 19s. 6d. to 205.,' La -Plata, nearly duo 153. 6d. . .. . . Butter.—The,'.market >is hardening. Danish . 113s. '.to 117 si There ia 'no', colonial .offering, ?..? - Oheese is firm, at 695; to 60s. . , . Sugir.—German' beet, 2d. lower, at lis. • 6d.j ..first- mark c- granulated," .f.0.b., Ham- * burg,'ldi higher, at :13s. 19d. per cwt. 1 ' Bradford Tops.—The- market .is firm;;4o's, 12Jd.; . 46'siM43d.;'\'common, 60's, 26d.;/ supor ,60's,' 27d.j r. ; 64'b, 23d. per lb.■ ■ -■ : ; / K.':-V" THE METAL MARKETS, ,7. Oo'ppe'r.vSpot,. 83.' 9d. higher, at £59 lis. 3d. j i .-.'three, months, Is.'3d.-, higher,:at £60 2s. '6d.' per -.ton.'' 1 1 Tin—Spot, £2 7s. 6d. higher, at £138 7s. 6d.; three months/40s.' higher,.at £139 lOs. per ton. . >-: " Pig-iron, ; 3Jd.' higher, .at' ; .sls.-4Jd. per ton.; • Bpelt«r, £22 2s. 6d. per ton. " ■. ,

LIVE STOCK SALES. Hosts. ■ Dalgety and Company, Limited, report' having held .their fortnightly sale: at Eketahuna yesterday. The. entries: exceeded advertised riombers. both in <■ sheep and cattle,' but . bidding at auction was very, slack.' The' report adds:—We, however, sold the biggest portion of our entry before the day closed.: We quote:— Pull-month ewes : : in . lamb, 125.; two-tooth wothera,'l3s., 13a. 3d., to 13s.' 6d.; ewe lambs, 9a. - to" 12a.; mixed hoggote, 9s. 9d. to 9s. lid. " Cattle: Eightcen-months ' empty heifers, £2 - ss. s two and o half-year hoifers in calf, £3; springin"' heifers, £4 2s; 1 to £4 175.; cows in milk, £4 2s. 6d. to £4 12s. 6d. . ' . ' The New Zealand Loan "and Mercantile Agency Company's market reports for the'week ending -August-27 are as: follow:—At Kimbolton, ■■■■ on Tuesday, a small i yarding came > forward, and quotations -wereHrMuted hoggets.. 10s.; - ewehoeeeta lls. Cd.: weaner Bteers: discoloured), 12a. lis• Bowi <">4 ralvaa. £2 15s. helfara

calf,£4 10s.j" dairy cows,£4 to£6:108. At Feilding. yesterday we had a good entry of sheep, these consisting mostly of hoggets; ■ : A [dragging sals resulted, but wo. were succcssfuUin placing tho wholo of our entry. Wo ouote:— bhcop; Medium hoggets, 7s. 6d. .to Ba. 10d.; e\ve: hoggcts,. 10s. 7d.. 10s. lid.,-to 11a. 3d., and to 15a.; wether hoggets (good!.',los. 4d. to 10s. Bd.; cull; liflggets, 6s. 3d.: cull ewes, 2s. 7d. Cattle: Heifers in calf, ( £2 19s. 'to ; £3 175.-' 6d.i 18-months- £2 155.; dairy cows. £5. . Mr. .Newton King's weekly auction report, dated Augnst 26, is as follows:—At pouglas.on Monday, ..there > was' a full : ~cattle, mostly springing heifers and cows.' The hciiera wore on ,tho small side, i mostly backward, and proved dull of sale. WeanerS'-mado 20s. to_2ss.6d.;"yearling steers, -33at to-425.,'' dmpt'y , heifers, £2 12s; ,6d.. to £2 16s/; two-year 'steers, '£2 15s. 6d.j two and'a half-year do., £3 llß.Y;store. ooirt.. £2 to £2 165.; forward do., £3 3s. 6d,; springing heifers, £3 .15a. to £4 * 10a.s springing cows, £3 10s. to £6; bulls," £1 17s.' to £2'25.; ;f.m. ,ewcs 7a-;- hoggeta, Ba.'"3d. On the samo 'day I held a clearing sale at my Stratford 'yards, on. account of Messrs. Farnham Bros.,' of Pirangi. Buyers 'were' present from; all over, 1 tho district, and bidding/was -brisk throughout'. ;• - Early culvers, maao to £11 "55.; backward do.. £3;10s.• to £515sV; cows in milk;. £3 ss.- to £8. ss.'; "springing .heifers,. £4 10s. .to '£6 7s. 6d. At Stratford, on Tuesday, there' was- only- a small yarding of -store • cattle, • moat lines, being sold i at .th'o.rh'ammer.-. •• Wcaners made' 25a. 6d. to 285.; | yearlings, 345.; empty hdifers,'£2'7s. 6d. to £2 18s;f fat ,lieiferß,.;£4 store cows,- £2 to £2 195.; •forward doV,'£3'to £3 7s. 6d.';'fat do., £4 10s. to '£5 10s.; 15' to 18-months steers,.'£2 7s. to £2 lis.; bulls, £2 lis. The springing heifer yards wera.' full, some 'very flno .animals being 1 yarded. The attendance was / large and' practically everything, sold ;at'the hammer; good prices ruline throughout. Springing heifers, close up, made '£5 to £7 ss-! backward .do., £3 ss. 'to £4 7s. 6d.; .'springing.' cowsi. £6 ■to ' lato ';calvers, £3. to £5 las... V- ' Messrs. Hudson and Jlarriott, Ltd., of Levin, report having field their monthly .sale of pigs at Shannon yesterday.'. There .wis > only av small. yarding'of pigs, : and a fair number of buyers.' Quotations:—Porkers, ' 325.,' i6d;,. and 335.;. stores,"none "offering. ; ,- '

- WELLINGTON MARKET.-BEPOKTS. '' The-New;'Zealand' Farmers.'.,. Co-operative Distributing Company, Limited, report as follows:—! 'Maize,"4s. 6d. to-4s. 0d. : ; wheat, whole fowl,. 4s. lOd. -to'ss., firm. Barley, Capo seed, 2s. 9d.; barley feed, 2s. 6d.; to 2s.- 9d. per: biishei;, barley meal, best quality,' £5 10s. to £6 per-: ton: oats, 2g. 3d." to 25.':4 d.; oata,' seed, spatr'owbills, gartons, .duns, algeriana, 2a.. 6d. Bd.; -oats,crushed, 2s. -:7d. per . buahel; : horse -beans, 4s. ,*.6 d. . per bushel;, partridge peas, ,4s.- 9d.; Prussian blue peas,'ss. 6d. per . bu6hel;yhay, prime; £3 , to. £4 15s. .per-ton; straw, wheaten, .£2-55.; oat.erii £2' 23.6 d. per ton;:..bran, £4; 155.-, to. £5;:: pollard, £5 15a. to : £6; sucrosine, 2Co's £7,-lCo's £7 ,6s. per ton; .linseed oil 'cakc, genuine,'• £13 per ton; :primo oaton sheaf chaif, £3 to £3 '55.; potatoes, £4 1C«. to £4 15a.; selected ..Canterbury Up-to- : Date seeds : £6, British Queen : seeds £7 . 10s., Dakota',Beds £7, 10s., onions, £5 to £saCs.' per ton; .butter, separator, 9d.; dairy;-Bd. per lb.;' eggs,: fresh; lOd. per dozen (fair-demand); honey,. 60's-4d;-,' 14' a 4id.; beeswax,: Is. '6d.';, fungus,,43d.; : walnuts,: 41d., per lb.; cheeso', best factory, me-, diums, :5Jd.;- bacon,' factory, ,6ides 8d„ rolls 9d„ hams 81d. per lb.; porkers,. 70's .to 90's 'sd. to 51d.;. .90's. 'to! 100's 6d.;'.. , : b9coiieM, t T4id.'• to <3d.; -heavy :pig3, ; 3d'."' to; 31ch- per ,Ib. (very; good demand);, cabbage, 3s. to - 4s. ;l .parsnips, ' 25.; .carrots, tablei, 2s. 6d,'f. horse"".carrots,.'. 255. 'per ton; ■ marrows,-is. to is. 6d.; 'caulifiowcr, : 65.; pumpkins, 3s. per sack; Bwcdes,' 2Gs. .per..ton;, apples, dossart,: 6s. ' fid< " to 95.;. apples, 6s. Poultry:: Table roosters, - :'4s.. ,6d;';'.'cockerels, 6s. table. bent.Md: to 45.:6 d.; 'ducks, 6s. 6d; to 7b.; geese, 6s. 6d. to'7s., all. at per .pair; .turkey, gobblers, 10d;; hens, 98. per lb; Messrs. Laery and Company, .Ltd., .Wellington, -repoi't wholesale critics rullnff 1 "on the .market:— Wheat, fowl 4s. Bd.. to 4b. 10a., shrivelled wheal <s. ; :fesd ■' oats,'. 2a. ,to !2s. 6d.-; Dun- oats, 2s. 3d to Feed oats.:2s. 4d. ti) 25."8 d.; Algerian '-oat's, 23. :, -2 d. to, :2s. 6d.;-. maizb, 45..- 4d.-, to 4s , 7d.; "(iriished malt, ,75.; foWl'.-barley, '2s'. 6d. to 2s: 9d.: Capo barley :seed, 3s:;. hbrse beans, 4s. 6d. (all at bushel);.;!ricemeal, £4.55. to £5; • Hour, Kct/ ~ Zealand, £11 10s". '.to-'£l2; bran. :£4ss. to £4105.; - pearl barley, £16; peas, partrideo 4s. 9d:. prussiin blue 5s '3d to £s.' ;6d.; (pwl peas split. £17-10s.; bonediist; fSi.'Buperphbsnhal.cs. £5 " to' "£5 ,'ss.; pollard, ;£5 : , ss. .. to £5 10s.; basic .: slag,- .•£4 :-• 10s.;.;. .''.chaff loaleh- ■ sheaf), :: £3 :ss. ~. to .. £3 15s.';'., oa.tmeal, £10'15s. "to. £11; potatoes, £4 to.'£§;..Besd po.tatoca.. i''£s' to. £6 10s.; onions, £5 ,* tq,.-•:'£7;... Japanese onions,' £10 :10s. to £11; molasses'fodder, £5; bacon (factory);-'sides 73d.. hams,' Sd.;" rolls Old.; -butter, bulk,, Bs.- to 9d. -Poultry. .He'ns; 35., r 4s.'>to ss.i turkeys,.gobblers, 15s. to 183;A'henp 9s. t0.105., :fresh' '- eggs, \lld.; '-.. cheese,;sd.. : to : : 6id.per' lb.; loaf,. 7d. to 7Jd. per .' .lb.'; Akaroa . : mafchihc:drcsscd coci:sfoot 7id. .to Ed,, Tarracrs'. dressed sd'; to 6d.' ryegrass.' 3s. 3d, .to :to ,4j, ; :6d..:.per bUßhel; ' Italian"ry'egraas.- 3s. - 6d.. :to.-'43: -fid." per :bushel;- whito. clover.' 70s. to 755. cwt:; red clover, .65s."'cwt.; cow grass,' 65s - cwt.; alsiko; 82s £d.,ewt.) mustard,. 40s.':;cwt.;. trefoil I 375. 6d;.cwt;;:rape seed, 265. ,cwt;; .timothy,' 32s 6d. ciYt:'; awedo :and 'turnip 'seed, 60s. 'cwt.' -~>••

LONDON MARKETS Messrs.. Dalgety and Company, -Limited;.report having-received the ' fbllowing cable' messages from their London". house, under\date. August 26—Tallow. Prices m generalUTe at par to 3d, higher, as compared with our last wire. . Frozen ■meat:' Beat—Market firm;, any. oliange in pricesis in 'favour of sellers. r -Lamb: Butter demand at .unchanged -prices; market ifirm. ' Mutton; For' Canterbury 'mutton', " is.; firm, but prices are unchanged... North Island .me; •dium ,and : heavy! are; Jd.,to Id.'higher,;but light '.descriptions. are, unchanged;. Basils', and hides: Unchanged-... Leather: id. per lb. higher.

WOOL,'" HIDE, AND TAI/iOW E|ALEB. \ - Messrs.' Dttigetyl and .Company, Limited, report .having held their fortnightly .-sale « of wool 'and skins 'yesterday; whoni they: 'gffercd a : good catalogue of all classes to a large-at tendance .of buyers'. The following gives an indication ot prices'realised!'—Wool:, In .good-de-mand; prices being from id, to Jd. higher ; thojn those.'ruling 'at last sale. ■■.'■ Medium- crossbred,, 6d.- to '63d.; "crutchlngs, 33d.' to : sj'd.; dingy lambs, 6d;dead," 4d. ' Sheepskins: Firm, at.last sale priceß, with the exception' of green; -which 'were- ia poor demand; : • Halfbred, ' 73d. ; halfbred, short, '6|d.;- crossbred (best), ■ 6id: to SJdis' inferior,'. 4jd. to- 6}d.; ; crossbred, ; short; • 6d.; .crossbred,; dead, ;3Jd. hoggets, ' 52d. to 7d.;., pelts, 2Jd. to 33d.; crossbred,' damp, 4s. 9d, .to-79- 2(1- •• JlideS": Prices m sellers' favour, all sorts-being in,good demand .'Ox, heavy,;6gd; to ■ 6i"d.; > medium,' Md. to ' 6Jd.; out, .'6Jd.; - cow, .sd. ,to ,53d.; cut .and 'slippy, 21d.;', yearling, Sid. to ; 52d.;'!C.alf,' bcßt; 83d. -to 9gd.; medium, 6Jd. to '6ld.; : ,'inferior,- 3d., to ; 6Sd.; dry .hides, sd. to '6id-;' rabbitskins,'. 9id. Tallow:, In shipping order,;.24s.j iri 'druma and tinß, 21d. 9d. .to-225.-I •$d.V rough fat, 14s/ 1 ■ . _' , Messrs-Abraham and 1 Williams, Limited, .wcllington,report- on their sale- hold .yesterday, as ifollbws^—We: offered a large catalogue of wool, skins, and hides to & large .attendance of buyers.-- Bidding was spirited for all olasses of produce.",'Crutcnings still continue to come forward in'good quantities, for which.the demand' is 'good,"and- prides-yesterday ,f V.-'rod a hardening tendenoy, and, in some : iLj'.'. iices, a Jd.■to Jd. -advance. Sliin values rulea at. about, ■the same lever as- last' sale,- but, butchers' skins 'were 'slightly easier.. Hides were from par. to Is. 'Bd. higher. -We quote:—Wool:' Bough dingy crossbred, 5Jd;; ' inferior s lambs, 6d. to b}d.! me.'dium crutchings, 4jd; to 43d.; inferior, 33d." to 4Jd.*;' locks - and pieces, 23d. Skins: Crossbreds,; medium,' njd. to ' 7Jd-; coar6e',\6ld.; half-wools 65d.-, shorn lambs, 6d.; crossbreds, inferior and '•damaged; : '3}d. ! to-4>d:; dead, 41d: to 6id.; short 'ihdrihoj':sJd.; ;butch6rs''. damp .'skins, good heavy ■ skins,.,6s; - 6d. -to- 65."9 d ,: slighter,- Bd. 'to .ss. 10d. Hides:,Hoavy ox.'62d.j medium, 6gd- to 61d.; light, 6d.; heavy cows,"6id.; medium-and light, 53d.; yearlings, -5Jd.; ■'■ calf,-, medium,. 93d,; ■ dam-., aged, 5d.: to-51d.; cowtoils, Is.. 7d. - • : . Messrs. Murray, Roberts,'.'and .Company, re-, port as follows :—We submitted a catalogue of 25 bales'of. .wool, 20D0 sheepskins, and, 3W.hioesl yesterday.' There was ■an animated : sale,, and all lots were cleared rat very'; satisfactory rates Wool' Prices firm,-.with a tendency to harden, especially for medium and-inferior sorts. Skins:' Very firm at last Bale's prices, green and salted: in--better demand,-at higher'figures.' Hides: Very,•./animated.-competition, .prices slightly hardening as compared with last sale. We quote as follows :-*Wool: - stamed and. soedy, sd. to 6Jd.;' crutchings,:good, sd v to sjd.;; crutchings, medium, 4id. to inferior and seedy, 3Jd. to 4Jd. per lb.'- Sheepskins: Orosebrcd; line 7d. .to Bd., Coarso •" to .medium 6id. to 7id„ short to half-woolled sd. to, 6id„ : dead ; and damaged t3id.vto.-6d;,- broken and inferior ' Id;'. to . 3d., lambs, 'spund 6Jd. to 73d., :lambs, short and inferior,. 4id[.>to, ,sJd.' per lb.; butcherß'- green and damp, ;3s. 6f1..t0 6s. each; butchers', heavily woolled, up to 7s. cacn.. Hides: Prime heavy ox, none oifered; heavy ox. fair-condition,- 6Jd. to medium and,light ox,'sid., to 6id.; cows, 'good,- 6Jd. to 5?d.; cows, ordinary, 6Jd. to sid.; cows, damaged,-3sd. to 43d,; calf, best, 9d. to 9Jd.;,calf,"ordinary, medium, Bd. to B|d.; calf, damaged; 4id, to 6d. rer 'lb- • - Tallow: • Casks,- 225. to -•248.ting, , 20s. to 225. 6d; .: ' •• . •' ' The New Zealand Loan and Mercantile Agency 'Company, Ltd., > reportj-Kcen . bidding .characterised yesterday's sale, and we' 1 have to report'a fitm market for wool, with prices slightly in advance of late rates. Skins were in 'demand, as • also were hides and calfskins. ■-Tallow sold- at about last sale's: prices. . Wequotej—Wools -Crossbred, medium fleece, 6d. ; to 7d.* crossbred, inferior, 4d. to crutchings, superior 4d. to 53d., do., good 4id. to 43d., do., inferior and scedv 2Jd. to 4id.; locks and. pieces, 2Jd.. to 4d. Sheepskins: Merino and fine crossbred, 7d. to '7i*d •' crosbrcd; coa-rse, 6d. :to »7dij'- lambskins, 52d. to 63d.; dead and faulty skins, 4d. to 6d. ; Eood pelts, ,3id. to 4£d.; \damaged telts, Id. to 2d. Hides: Ox, medium-weightj 5Jd. to 6Jd.; cow- and light ox, Sgd..to 51d.; yearlings, 5d., to sid.; faulty hides, lid.- sound.'eid. to 9id.; calf, damaged, 3d. to &4d;- Tallow: In jtins, 22a.' to 225. 6d;. per cwt. Horsehair, tols. (3id. per lb. ■■••"•-•

. ' A DIVIDEND. ■ (By Teleiraph.—l'rcns. • Duncdln. . August 27. Tho directors of Messrs. KcmpUiQrnc, Prosscr, and Company's New Zealand; Drhg Company have declared an interim dividend for tho halfyear at tlio rate of 7 per cent, .per annum. GEAIN ANDPEODUOE. (By Tclecraph.—l'ress ABaoclallon.l ' Chrlstchurch, August 27., There is no change to report in tho local Brain market since the beginning of the week. No wheat is coming forward, and .-.'the prices at which oats 'can bo purchased;; do not admit of iurther shipments being made to Lqndon. Therefore, the only business in. oats is for very limited local *trade. Potatoes are rather firmer, thongh there is not much response from the north to offers of supplies. v.The.,principal inquiry is for Derwentß, as their keeping qualities for the enil of the Bcaeon ato bettor uuui thoM it : t V '

MINING NEWS/ . 1 WELLINGTON MINING MABKET. TVaihi Grand Junction shares recovered yestorday, and were firm throughout tho day at 545. 'I'alißmans were steady at' £2 13s. to £2, 13s. 3d.' The sales for the day were as un-j der:— " , May. Queen, 6s. 9d. (first call). , Maoriland, la. Id. (second call); Is. Id. (third call). Mountain King, la. sd„ la. 6d. (third call). Tairua Broken Hills, 3s. 6d., 3s. 7d. (third call). Talisman, £2 13s. (second call); £2 135., £2 13s. 3d. (third call). 1 , . Waihi Extended, 6s. 6d.. 6s. 7d. (first call). Waihi Grand Junction, '545. (second call); 545. (third call). Waitangi, 4s. ljd. (eccond call). QUOTATIONS. The ■ latest nuotations. with the last-recorded sale 3, wore as under:— ' : Buyera.' Sellers. Sales. £ s. d: £ a. d. £ s. d. Bondigo 0 0 75 0 0 9 — Dominion ' .— 0 010' — Komata Beefs : —' 0 0 8 — ICuranui 015 017' — Kuranui Caledonian ... —. 0 2 1- —. May Queen . 0 6' 8 0 6 9 0 6 9 Maoriland- 0 1 1 01 v 2 0 11 Mountain King (paid) 0 15 -0 17 0 16 New Sylvia • 0 3 8 0 311 — Old Hauraki 0 16 — • — Pride of \l ll l ) 011 0 1. 2 - Boy.al Oak 0 2 9 0 3 0-.— Saxon . .... 0 2 1 0 2 11 —. ' Tairua Broken Hills 0 3 6 0 3 9 . 0 3 7 Talisman 113 0,.2 13 6 213 3 Tangiaro 3 0 4 0 0.6 • Victoria- ■ .0 2 0 0 2 2- —. Waihi .... )10 0 912 0 ' — Waihi Consolidated .... 0 6 5 0 5 6. — Waihi Extended : 0 65■ .0 6 7 0 6 7 Waihi Grand Junction 213 9 214 0 214 0 Waiotahiv .; _.... ' — .0 8 0 .: — Waitangi 0 4 0 0 4 2 04 11 Blackwater ....'._ — 19 6 , . Oon. Goldflelds : 1 3 0 1 3 6 . - , Now -Big River 2 5 0 • — — " New Alpine (con.) 0 7 0 - — Boss .Goldflelds — 016 0 — ;■ STOCK EXCHANGE. ; , (By Telegraph-Special Corresbondent) . Auckland, Augnst 27. Business waß fairly brisk in mining lines to day. The principal ; saleß. were:— May Queen, 6s. 8d.,, 6s. 9d., 6s. Bd. New Sylvia,: 3s. 9d. ' j Old Alburnia, ,3s. Id., 3s. 2d. (paid), 2s. 7d., 2s 8d .'(con.). , Saxon, 2s. 2d„ 2s. Id., 2s.' 2d. Victoria, '2s 2d., '2s.' Id. ' : Waiotahi, 7s. lOd. to Ba. to 7s. lid. Waitangi, '4a. - Watchman, 2s. 6d. Consolidated Goldflelds, 235. 6d. Old Hauraki, la. 6d. Pride of Tokatea, Is; Id., Is. . KoyaV Oak (con.), 2a. lid. •; Maoriland, Is. 2d. . .. Pride of- Waihi, la. Tairua Broken Hillß, 3a. 6d., ,3s. 7d. : Talisman, 53a. 9d„ 545.,-535. 9d. Waihi, £9 13a., £9 135.:6d.j £9 13a.. ~.••• Waihi Consolidated, ss: 4d. \ Waihi Extended, 6s. 6d. to 6s. Bd. .Grand Junction; 545.-6 d., (535; ,6d.; 545. 6d. Mountain-King, la. sd. (la. paid), Is.-3d., Is 2d.,-Is. 4d. (con.). .'. • New Waitaia, la. 7d. 1 (con.), Is. lid. (paid). ,

(By Telegraph—Press Association,l ■ Dunedln, August 27. ' , Stock Exchange sales :—May Queen, 6s. Bd., 6s. Bd.; Waiotahi, 7s, 10d..'75. lid. Sales are reported of Mny Queen, 6s. 9d., 63.' fid.; ffaitaugi. 3s.'lid.j. Standard Insurance l , ' 235. 3d. . '' y GRAND JUNCTION; (By Telegraph.—l'reW Asßoelatlon.l ' Waihl, August 27. The underground survey at the Grand Junction mine, No. 5 level, shows the main Martha ■lode- ahead; consequently, driving the . north crosscut at this, level was resumed this morning. 1 ■ 1 - '• NEW ULSTER. (By.Teiegraph.-rress Association.) Rcofton, August 27. The Now Ulster struck 2ft. of gbod payable stone in_ the' level.. The stone is Vfidcning, ; DEEDGING. . .(By. Telegraph.—Profia AsflnelAtlon.) - ■ „ , , - ' Dunedln, August 27. , Dredging .Chance,' 620z. "2dwt.; Muddy Oreek- I, 370j. > lldw't.;. New 'lloxburgh Jubilee,- 31oz; 16dwt.; Koputai,' 28oz. 4dwt.'; Muddy ; Greek . 11, 200'z.: ,18dwt:; Electric I, 17oz l'/dwt.'; Central Charlton, l6oz. 2dwt.; . Chicago, 12oz, 6dMrt.; South Waikaia, 7oz. 7dMrt." 1( .. ■ NOTES.-; Eoyal Oak—The winze in the r Eoyal Oak mine, Coroinandel, has been sunk another 3ft. 6in. The/avorago widthi of tho .reef isi 9in„ and the country is still:'well mineralised. Iu breaking down on. Thursday gold was seen- in' the stone,, but on the wholo>,it was not so ,B°od' asiat-t!}S:.i previous; breaking-doivn. ■ The ■l'eerjn'/xiie. l ilitei'mediate'level hits'' opened ;out to-. Ift.. iu width ,in fairly go6 : d' country. ' Waitangi.—ln the western seiition, vat the intermediate .low.:level.,the /ore-broken' from tlio second stope carried some ..nice • minerals. - In . the eastern end- of ;itho. stope.' the-,, ore; broken showed come nice dabs and colours: of'gold, and a few pounds iof ! " picked ; stone . were selected. Carting quartz to the battery bpd to be stopped' owing to -the, state, of the road.-. -A- contract, lias been let for driving 100 ft. at ,tlie low level. ' Kuranui 'Caledouian.-Graiiam's level has now holed through; to' the drive 'Jut in on- the leader from the rise; The, total ■ distance from the mouth. of Graham's level is-372ft.' There appears little doubt now that the. leader upon which the men have been rising is Graham's so stopihg will be started. There should be a block over 200 ft." long available in which, as far as-can be .seen, little work lias been done on it from the Moauataiarl ttinnel up to Graham's workings. -How far the gold will, go down rei mains to be seen'. , ■ •

Dominion;—^l'ho low level is in 630 ft."' The'reef has been cut through 5 or 6ft. lack from the face of the drive.-'• Some Bft, has been ; driven with no. sign of the footwall. - Five rfeet on the-hangiDgwall is fairly solid quartz, and the balance rubbly.' The stone looks well,'and some 'of it carries -good'mineral, m t&o '• southern end of' the winze .the quartz formation -proves to be BCt. in width. This may prove to'-be tho main-reef, as it is the sanje course as that one shows on the surface- It is evident thefe'is a Junction of reefs.-•

Waitchiuan.—The. eastern .face lias been ad-I vanced a' total of 26 feet from :the starting point. Gold continues to Been in the stone when .broken. Should the reef continue to open up well there will be a ;very large block available for stoping, as the reef is intact'to the eastern boundary, and about 400/ feet, to- the surface. It proved to be of very largo dimensions when., cut through. ' • , Dixon's Consolidated-A start has been made to open out at a point about : 300 feet back from the, lace in the low level, on some promis- ■" Woking-quartz, in good-country. No. 2 crosscut' ia now in 233 ft., and during the, week a reef was cut. - It appears to be a lode of large flimensions, as u ,has. now been driven into for-Bft., and there is no sign of the footwall. The reef is underlying about one in one, wftTi a course similar, to that ,of the Windfall. The quattv though hard, has a kindly appearance, tfnd wilj 111 all-probability-be friable on the footwall side.- , .. ■!' Old 'Hauraki.~ln the Old Hauraki mine. Coromandel, the 400 ft. level crosscut : for N°v J.\ reef , has .-. been ■ adVanced • 13ft/ •On Friday the workmen . cut - a' 1 . ; leader averaging 9in._ It has-,the- dip'.and bearing of "No.>B reef in the 300 ft. level, and the manager 'considers it is the same."' The country rock in the/.vicinity of the'leader resembles that in the upper levels, .which carried rich • ore bodies./. The, ; tributer& are pushing *on their drive, nut there, is nothing frean to report. \Tairua Monarch.—The 10-w level in the Tairua : Mouarch Consolidated mine. has . been-extended a total distance of 615 ft. The country penetrated is still' of -a firm nature. 1 ho. l level ias been extended a total distance of I 166 ft. A ■ splendid t class of ' brown sandstone country' is still 'being penetrated. A leader about 2m. in thickness was met with, which shows colours of gold by the dish. During the past two. weeks two men have been engaged prospecting the Triumph section of- the mine. A.trench has been put across,the.hill south of tho Triumph old workings. On August 17 'a nice-looking reef about 2ft. 6in. in thickness was located. - The hangingwall portion of the reef shows splendid.-looking mineral. A sample of the stone. is ' being assayed. Kuranui—ln the Kuranui mine,• Thames, tho Blythe reef has been driven on for another 26ft., and the 6in. leader.-haß been stripped for another 7ft.,. and broken down, the ore being, stacked'at the mouth of the drive. In the • Shellback Waitangi No. 1 drive north-east 13ft. has been opened up, and the leader taken down for that distance," the quartz being heavily mineralised.ln No. ,2 drive'north-east 6ft.'has been driven on the . foot ;and hangingwall-por-tions, of the lode.' -,A crosscut will bo commenced- this week, and put through the lode from: wall to wall. In the south drive the loader, which has been driven on for sft., is about 15in. wide, and presents a solid compact body. ... ~ 11

New Waitaia.—ln the rise from No. 5 level in tlio New TVaitaia mine the reef has steadily improved in-value, and is yielding high-grade ore. The last portion broken showed gold very evenly distributed throughout,, in addition to the few pounds selected. Tho reef is from Ift to 2Et. wide, encased in good country, and gives every promise of proving a riehcr block than the one above. " Tho rise from tho intermediate lovol is now connected with tho No. 4 level holing through 64ft. south of tho point where' a few > feet of sinking was done on the rich ore first located, ; Gold has been seen within a low feet of the floor of No. 4 level, and whero connected, although not • much visible gold' is to be. seen, a first-rate dish'prospect ii obtainable. As soon as tho mullock, is trucked out of the passes stoping will be commenccd on this block. . In the south drive at No. 5 level a flinty formation is crossing the face, and until this is penetrated it is impossible to determine what' effect it will have upon the ' ore body. The battery should bo in going order in about two weeks' time. ' . •