COMMERCIAL.

Dominion, Volume 1, Issue 259, 25 July 1908, Page 8

COMMERCIAL.

THE SHAREMARKET. > Yesterday a- sale of Palmer'ston North • Gas .". shares at £7 6s..'.was..reported.' The'company's half-year closes at the ond of this month, which may .account for tho sale. - -In other respeots the market was ; 'quiet, 'and'i/values.-iW&e unlchanged.- Tho quotations;w-ere. as. follow.:—Na- , lional, Banks,. sellers' -JES.-2s.*. Gd.-; Wellington / Investment, 4 sellors 12s.': cum;" div.;, Wellington Trust "and Loan,\buyers ;£7 ' 75.; Wellington Deposit, . buyers - 9s.', - sellers'. 95.; 4d.- National .Mortgage, buyers.,£2 19s. ; New Zealand and River Plate, sellers £1 lis. - 3d.; "New Zealand i Loan and Mercantile, buyers 3s. lid.";.Christchurch'Gas,buyers" £9 17s: ;6d.; .Feildings Gas,; sellers, 20.4.; -National Insurance, .buyers," 275.' 6d.;. New Zealand' Insurance, - sellers- i 3. .iGs.-; South British, Insurance, sellers £2 ,155.; Goar; ■Meat, -£4- paid, sellers - £10; Wellington ,lleat Export," third- issuo, "sellers.. S3 ss.;' Manawatu . Rails, sellers , '49s.;.''New "Zealahd I ''Shipping, buyers'£6; 25.,; 6d. .Wellington 'Steam -Ferry,; sellers.l7s. Gd.; Wellington,. Woollen,"ordinary; sellers £3' 9s' ' preference 255.' . paid',"' sellers.26s;; Westport Coal, sellers £6-145.;-Westport-Stock-' ton," lOsr.'paid, sellors at.par; .Loyland-o!Brien Timber, • sellers ,£2 3s. Gd.; New Zealand • Paper ■ Mills,f buyers '225. Gd., sellers"23s. 6d.; Shar-- ' , land's Ordinary, sellers," 20s.;,'Whit'combe. and: Tombs, sell' ts £4 2s. Gd: THE All NING MARKET. .'■■■Quietness''prevailed in; this section'yesterday, . and the 4 only business reported was a sale of f Tangiaro's at Is. 7d. Talismans and-Waihis both maintained their values, although - tliero 4 , was. ; no- business dono in them. -Big River share's were also firm.. .Yesterday's Quotations. '. wore as under-.— . ' . • . j". ~; ■ Buyers. Sellers. . .Sales.s. (1. £ s. d. £ s. d. ; Tangiaro 0,1 7 0 1 9 0 1.7 Waihi 9 2 0 9 4 .fi 4 -• '. Talisman 2 7 0, 2 7' G '"■ - " Tairua Broken " Hills 0 2.9 0 3 0 N.Z. Crown >..; 0- 5 4 .. — — . Big River .1 7 0 19 0* ' —" ■ THE WOOL SALES. The London, ,w 001, sales are to be shortened by six. days, the "sales closing on 'August 1 v . instead of-August ,7 as originally ,fixed This drastic action .is evidently..'forcqd .upon .tho woo! brokers, ,'and it imeans that be a verv heavy carry-over to the Sftptemb'er . •sales.. '- It bo remembered that .out of tho total . available; 50,000 word held over, .and it' scoms'now'that tho carry-over will rhn. to over - ipO.OOO bales.. Tho decision: to terminate;.the; 'sales-on^■'August :1 should force ' tho hands-of." somo ; buyers, ; and-we may ;'therefore. look .for..some hardening, of values 'beforn tho sales, close. . ~ ~ . SHIPOWNERS' LIABILITY. . i sailed ".froni Australia_to; the" United Kingdom on : January 22, . 1907, with . wheat, being; cleared "for Queens--•I town for orders." • The vessel put into Queens-■town-:for';.orders, and the cargo was ordered,; to-be 'delivered'.at- North Shields. -The vessel, however,, took . tho ground' 4 ofi .. Queenstown,. settled'on.her' 1 anchor, and filled/. the all roiiched North Shields,'but undonbtedly,; was very seriously, damaged: . Part was sold ivet, and was afterwards resold. at.' prices which averaged £2 12s. per tori, and' . the ,rqst was kiln-dried, and tlien realised an average of ,S4 IGs. per ton, the price of Australian at:, tho time v being.,- about £S per; tpn. ! -;Physioally."the cargo arrived in specie ;as:grains_ cfwheat, but it iv'as not fit-to-use: for milling purposes, : and could, not,,bo. made into bread for huinau'- food. It was, however, .of considerable, value for' other - pur-' , poses, ■ particularly for cattle feeding. Under : the. test, '..was it: to be held that the cargo :ceased. to be: ;ivheat, or was: it delivered.: as. .wneat,.-'-.although,'-.' .seriously -.-damaged wheftt?An r .action'"-was - subsequently. .brought-.bv. tho' - Saloco. Shipping ■ Company.:: against.: JicssrsV; op.H'.W'f and.; Bakers to. recover, freight on thp' 4 cargo. .The; Judge -'came to the: conclusion, that ■ tho , gram which was delivered' was4hq.-thinr sliippea,-ana that; thongii in. a very- dafnnged s coudition, -still, wheat.'Eridenco which-appears-to', have-weighed a good deal with the ' Judge ,was that : some Manitoba 'wheat; styled 4 ' .feedryheat, ,-is-imported, not for.milling, =but ; ■ ' feeding; ''As natural wheat 1 can still * 1 bo recognised by merchants. as wheat (re- : marlcs.i . Lloyd's ■ '.Shipping.,. Gazette"),;, thougln. : nseless for. milling purposes, there seems no ' reason/for : considering that wheat: i.wliich . from," sea dximago '.has been brought down ' to much tho-same class, and is'useful onlv for cattle feeding purposes, has commercially . .ceased..to be wheat.

NOTES. - • ' .During the past nine "months 58,997,631 sun. feet of.; timber,-valned. at' ..£307,796,. : were -oxported from ..Now Zealand. The exports for t i!?- Z?? 'W arter ™ re 21,017,313 ft.',, valued at i\!£r\- a / cO - m P aretl with. 20,208,391 ft., valued at £$i,US, in the June ,quarter of last yc-ah exports of produce ! from.'New.' South Wales for the first six- months of this venrtotalled : .£9,347,453, as :agairist ,'i14,152 OS6 in' the corresponding half of:last year, showin" a decrease 0f..£4,834,633.■ ■ Authorities,in America appear to be:gainine conndence. in. the future. ; The .president of tho if ft vf' , ™ ho § rst "Miial .'meeting ot, tho Knit • Goods Manufacturers' Association • ,ot America,; expressed himself asverv hopeful' •01 - an- early return to prosperity: /-'Stocks'"of" merchandise yere'depleted,'andSI? :liad .ceased.. H<); did,not. ;lobk';:fbr; .either - cheaper %wool or. cheaper cotton, and--as' an,indication. of;-his confidence in tho friture'hb' announced,; the intention of his - Association . to' IniU With SOIDO of The netfire .insurancerisks-taken'within'the-metropolitan "ea. of.Sydnoy on; December'31, ■■^81,364,129,-.. as -'compared - with HAM'.9S3 at tho .end' of-1896. ' • During the ten roars.there.-was an increase of £21,456,176,. or of. 3jj .per.cent.•

•' The State of New: York' on April 20 passed a law, with regard, to'.-tho appointment of .to-' Mivers for banks which had stopped payment. Hitherto receivers nad claimed a percentage of the cash, etc.. passing through their hands, and tho receivers and counsel of the Knickerbocker lrust claimed over iCOO,OOO, -though, they-have taken-less. Under the new law,, the' superintendent of banking, appoints a receiver,: and the nrst bank to come under the" new- • order of things .was tho Homo Bank of Brooklyn, .which snspenclcd.-for anil then reopened.' Tho recoive'r.s . bi11,,.-including clerical and- other disbursements, amounted .to .£250 all t01d... , -' ■VTh'e accordinrito'iha . Jtpnmon'ger !'.'6f June' 6, has:decided to*extond ' the; -period'. during which, a bounty' '• "will'r-bb : granted on Canadian lead to June,' 1913:. The' limit of-500,000d01. for any ono year is removed, S®i'!? ta ™ r ';fire>e?rs: is not .'to - exceed 2,00f1,000d01. The bounty'-is to.ceaso when pig lead reaches ,£l4 10s.; per-ton: in-London. -With regard to the "proposed spelter convent tion, .he- _ Ironmonger of June 6 .sta.ted that a modus/nYenai was said to havo beeii arranged between- theoGermau and Belgian". producers, and tnat.the British were\bein&;• approached.': ; however,. that : the convontion will not, under any. circumstances, take the form • ongmall j- contemplated. Stocks in -America, m tho.Joplin district, are reported to. be large, some estimates being 30,000 tons The' production of spelter, in the United States in - 1907, according to. the'."Engineering, and Min- 1 mg Journal," was 249,612 short tons, against" 225,494 short tons. in 1900.' -. . '."' ' B ' -The Custom's revenue collected at Wellington yesterday amounted to 6?. sd. ; DREDGING.. . T: ;. - (l>Y TELEGRAPH—PHESS ASSOCIATION.) ' . ! ' Dunedin,. July 24. Dredging returns: Koputai,. 80oz.- 13tlwts •' Lady. Roxburgh, 560z. 12dwts.'; Mystery Flat': 450z. 4(Uvts.; Masterton, 430z. 6dwts,; Chicago'' 13oz. lOdwts.; Central Charlton,' 20oz. 3dwts • Muddy Creek, 13oz. lldwts.; Kura, lloz ' 14dwts, " WAIHI GOLD MINING COMPANY." ' . .(BY TZLEGEAPn—PEESS ASSOCIATION*.) " , Auckland, July 24. During the.four weeks ended July 11 the' Waihi- Gold Mining Company- crushed and ' treated 29,430 tons for a return of 'bullion valued at ,£70,269. During tho period ono of tho elevators broke down, and this affected ! the' tonnage treated to the oxtent of nearly 1000 tons. The return is- consequently rather below the average for the present year's monthly output. -Tho previous that for-the period ending June 13 last, was .£71,271, from 31,366 tons. -The present-yield shows . an -increase, however, upon that for the corresponding month, of last year, when 26,999-tons gave' a return of i!68,383.^ Sinco the publication of the.last, monthly re-! turn from the" Waihi Mine, the company's; annual report, containing corrected figures to the end of 1907, has come to hand. From these' it appears that the estimate of .£87,500 for the

twelve month's'.was'under tho ! mark, tho bullion value, actually rgjlised boing £878,485. The Waibi- Company has declared tho 62nd dividendof "4s. .per .share, payable on September 1. This will .'abS"ojr]i .£93,181, and bring tho total disbursements"' to shareholders to .£3,180,565. WELLJNGTMiIARKET REPORT. .. The New'lZealandyTarmers' Co-operative. Distributing Companjv-Ltd,, report as follows:— Maize",' "Ss.T wheat, ; fowl, ss.barley, feed, 4s. 3d;; Barloy, 4 *Capo.seed, 4s. 6d.j maize, frushed, 5s; : ; 6d. 4 ;-' -oats," 3s. 4 Id; to- 3s. 3d.; oats, discoloured;. 2s.''9d.";..oats,, crushed, Bs. Gd.; oats, gartons, 3s. fid.; African Algerians; screened, 4s. 4d. per bushel. • f.'Rvdgra'ss,'''pefeiiiiial,-..55. Gd. per bushel; hay, £4'-;l0s!.' fo"'i?G',los;vp.P.f,"ton; straw, £3 to ,£3 ss. per .ton; : %an;:, £7 ,p jr ton; sticrosine, JB7 10s. perjt'on;/priniGiOateni^heaf chaff, £G per ton; ss. per ton. --Seed Potatoes; Canterbury Up-to-dates, £6 10s.;, Canterbury : Derivents, iEG 55.; Red Boauty of.'Hebron'and••Early'Rose,' £6 10s. per ton; Victory,; ;X5/Jos.'i;=Britisli . Queen, £7' 10s. per .ton; onions,". £11.- i .t-"- ' ,Is., 2d., milled Is. Id., dairy ; pats : is.'la. per-lb.;E»gs,'fresh'ls. 7d. to Is. Bd., Id: per dozen. Eonoy, Go's; r V4ld.'; rolls 9Jd., hams Wr^por-Ik;jjjM&iras, Is. Gd.; fungus, 4Jd.; 4 4 Cabbage^'ss.i ',cauliflower, lis. to 145.. per sack; swede's,"- 2s'. v -'6a'.' to 2s. 9d. per cwt.; pumpkins," 6.i" por':sack; carrots, table reds, ss.j horse; carrots,-:35.-, per-sack. Apples/dessert,' lds'-'a Gd. ; apples, cookers, 65.; pears, dessert, 14s. , to. lGs.; pears, cookers, 10s." . Poult.ry.-rTable roosters, 45.; cockerels, ss. to Gs.; table-.h'ens,"3sV Gd. to-55.; ducks, Gs. Gd. to. Bs.; geese, • 75.-Gd.,- all-'at per pair; turkey gobblers, 10s.-to Is.'; hens,' Bd. to 10d., live weight. ." : ..'X,I.yE. STOCK SALES. ; Messrs. /Dalgety. .and Co., Ltd., report as fol--lows on their Foilding sale, hold yesterday:— We' had'' a" fair : yarding of • sheep, which ■ were all sold "under the' hammer at jm. advance on late rates. Cull hoggets mado 55.; mixed hoggets,' 7s. to"Bs., 'Bs. 9d. to 95.; woolly hoggets, 9s. lid.;' fat "owes," 12s. 3d.; medium ewohog-gets,-9s. Gd.; forward hoggets, lis.; mixed aged ewes in lamb,', 9s.'yd. - . Messrs. Dalgety and Co., Ltd., report on their stock, sale, held yesterday, as follows sheep,camo forward, and,'-with the i exception of fats, met with a jdo'dl'demarid th'd'.! following rates Empty for^ard^Bs.; forward wethers, 15s. 3d.V- : 2-to6th - wethers,' 12s. 2d.;>'mixed aged ew.es'.juviamb;. ; .9s!j'.cull 2-tooth, 7s. 7d.; hoggets;. Bs. 9d.'; fat JBB'2s.-Gd. to '£&'■ 7s. Gd.; . store . cows, : '22s. : i 6d...

! ■ Messrs.' Hudson.;..and''Marriot report having held-their-usual-'sale-of pigs, at Loyin' yester-day-.i,.Tho , entry ,of.t-porkers was small, and they wore. eagerly-compoted.for. • Primo pork, the-firni-jrop'or't,--is : very scarco just now, but tli'e'.supply.iWill...improve as the'.'season advances; 'They;,.quote;—Medium • baconers, 51e., 525. Gd.';. heavy-porkers, 3Gs. Gd:; medium, 325. Gd.; light,.'.2Ss..;'.'goqd',;stores,, 14s'., to 255. ,;Mr.;;NoKtoivn.;.King supplies tho following weeUy 4 auction-report :— - .Thursday, July- IG, at Duthie Eoad,-1 held a clearing sale on account of Mr. .H..:Gardinorl'..Early, calvers .made dE7, to i! 10 ss. r aged 'and,'late -£3 3s. to ' JSG;' heifers ,in call', 15s. to J& Jss.; Jersey-bull, lis.; shorthorn .bull,. v£s:.; 155.; ,'weaners. ~;155.. 6d;.' to 80s.;' draught - filly,-- ; draught "mare, >£30; hack,' ss.;"breeding sows,-. J63 10s. to"' Mi store pigs, -21s, _- "• ■' ' * ' On' Friday, at Cardiff, Mr. J.-.E. Henderson's sale .was well attended. '-August. ealvers' made iiG 10s. . to iCIO 15s.;' Septombbr .and October ealvers," £3' to ,i£s ;_lss. ; heifers .in; calf, £2 7b." Gd: to. 4 ; harness horses; ;V£22 10s. to .£26 ,105.';.2-y"e'ar ''gelding',",£l2 55..,' •' 1 • " Tho.Jsame"doy,' at :Pun§arclii,.l held a clearing salbj on-account' of'/3lrl ;W. : Gibbes. ; ; Early-oal-, 'vers/madelos..;.,;a'gM;and,, late ealvers, 4 ii ids.-to;£3-ss;; ybarliugs, 106. Gd.; trap. holr^,'.'.jC7;'' .; , " ; '■ On 4 Monday," it;:R<)b3on' Road; Mr.; A." Wi Kemp's* 4 ' sale --.was ,'irell' attended. 4 August' and September* calyjirs',made ss. to .£lO, 15s;; 1 titer -dates,- £4 to- £G; springing heifors, £4 2s.';Gd. 't6 =£2 ss. 'to £3 10s.'; trap:.mKres;, i J!6,.1p3.;.-to £12 ;■ store pigs, £1; breeding "spw's,-^- £4;:l'* . ;.On:.T.uesday J jat,Raliotu, my fortnightly stock sale ■,was - well- attended, and most ■ linos wero ;.quitted;&t rilling rates. Small calves made Bs.; oalves to, yearlings (mixed), IGs. Gd. to 2Ss.; 2year .steero,'£2 4s'.'6d. to £2 lis.; store cows, 30s. to 445. ; 18 to 20rmo'nths empty heifers, 31s. Gd.; bulls, £3; . '• '. 44 , 4 .. "

uu.; onus, J-o. ... The same (lay at Mangatoki, I hold a very tmccessful sale on account of Mr. Jas. Phillips. The : coirs;- ivero.a good;lot. Two pure-bred . Jersey, cows made _24 and 30 guineas respectively, and two heifers 15\guinoas each. Or- . dinary .grades made to Mi; aged and lato calvers, £1 10s. to £5; springing heifers, •-■£3' 10s. to .-€4 .15s.;.bulls, £3 155.-to M 10s.; hack and harness ihorecs,..£B to. £36; store pigs, 12s. to IS:.; boar,>E;l ?s. Gd.; breeding.sows,'.£3 2s. 6d; to ,45.125. 0(1. j I .At. Stony River, on there was. a 'good yardwg, but a good proportion,were,heil'er classes, which.wore"not very saleable... Calves made 12s. to 225.' ; "steer .calves,- 215.; springing heifers, ;23 to: ss.;'.store, cows, ;3os. to 455.; forward;to,fat:-cows, £1 !10S/ to Jte.' The-' same • day, 'at'Mangatoki, at Mr. C. M'Guinness's clearing sale, the cows • which were a really gpod lot, sold well. August ciil--vers -made £7'.to .£lO 10s.; September and Oet'obqr 1 calvers,'~^s" T tb~3£B 155.; : a good lot of 2G' springing hoifera -spld-at high, rates, making-fMm„i4_to-i!B,.l(!s".';'."ftarnoss' horses made J213 to unbroken colts, JJIS to ' 10s. boy's-pony',;' .£9;, store- pigs, 245. to 55.; boar,'.£3 7?. Gd. "At- Waiw'aikaiho-'on. Thursday ..there was ■ a ■fair yarding and ; good attendance. - Calves to ye'arlin'gs'(&ised) : rmad6 10s. to. 19s. 6d.;> steers, 28s.- Gd.;. 18-months<---tb 2-year heifers !in- calf, 325.' 6di;'.empty Eeifers, 295. Gd.; springers, £3 [ 25.;,- store, cpws,„3Gs J ,Gd.. to 505.; fat and forward cow.?, iE2:-155.."t0" i£4 ; 7s. Gd.; 31-year bullocks,. .£4 Gs.; '.cull','"ewes, 4s. . -ThejNew-'Zealand-ioan and • Mercantile Agency.Col,.Ltd.;.Eeilding,.report as follows ;i medium,yarding ofsheej) and..cattle- ; at'this sale on Tuesday. Tho demand^for.bdtli.;,classes- of stock -.was a fair oncvand'fqir'Jttisiness: was done. Cull ewes in lamb made 95.; fat wethers, 13s. 4d.; fat and forward ,e.wes,. ,1.0s! ;7d.,; forward lambs, Bs. 7d.; mixed lambs, Gs.'ld.;-2-year;stcors, '£2 ss. Gd.; fat"''cowsl'.'.TbWr'fofwaid' heifers, £2 7s. Gd ; dairy-cows;' £4-,' heifers in calf,' ,£3 3s. Feilding.—We had -a good ontry of sheep and cattle... - The - quality, of the sheep was good ■ thfoughontp. an#. prices wero considerably better; particularly'- for 'hoggets, .which showed a I decided, rise. Good...hoggets made 9s. Id •' .small ;hpggets,',.6s.; Gd. 1 , to 7s. 2d;; forward ewes' 7s. :9d. .hrDs.-;Bd:,vstore wethers, 12s. Gd.; fat and forward-wefliers?l4s.' 3d.; fat ewes, lis • 14s. 2d.; 2-tooth Rom' ney. Cffe's.Jii' latob'ifeo'od), 175.; 6d.; 2 and 2Jyear,.steers, .t'3:.l9s.forward bullocks, £5 95.; 165,-; yearling heifers, 255.; store fat heifers, <63.- ' - '/.'/HIDES, --SKINS, -'ETC. '--Messrs. l A*.".-;H:7 Atkinson and Co., Ltd.;" re-p'qrt.'-^At:;bur-m'onthly sale we offered to alarge andrepreseritatife of buyers 35 balesc ; j)o;-bags;;of- wool, 1660 - skins, 320 hides, 33 tins.tallowl- "''Competition was keen, especi' ally;'f6r::jvool"arid';sKihs. Fleece wool sold'up to 5Jd. per 1b.,; an advance of to Id. on last sale.' ''Mo'di'um. crossbred skins mado. up to sd. pcrJ^ I ,;an;a4vance'of_|d l per lb. ■ Hides wero about-oil'a last sale's rates, liest ox making';.sJd; p.ei'lb.rJ.'.AY'o.' quote ' Sd., 5Jd„ s|d.; lambs, 51"(r.;'G"d/;'Head, 3id.r.tb 5Jd.; black, 4d. to 4Jd.; 23d. to 3Jd.; locks and p|eces,'^2d.'"; : ;crutcMngs, 3d., 3}d., SJd.,. 3id., ... Skins.—Crossbre'd::.;half-wools, ; 4id. to 43d.j wools, 5d.; lambs, 5d.; pelts, •3d.;. tb'^Jd.; .dead, 3}d. 3Jd.; broken And inferior, ;ld._to_2jd.; black, 3Jd.; crossbred half-dry arid green-skins at each; 2s. 9d., 2s. 10d.',','3s'.;'3s. 5d.,' 3s: 7d., 3s. Bd., 3s. 9d., 35.. lid. ; lambs, -Is. 7d.,- 2s. 4d. heavy,, 5Jd.; medium, 4|d.j cow,' ■3Jd.y-Sfd;, -31d.-,- 4J<l.; cut and slipp-. ljd. to 2Jd.; yearlings, 3id.; cut and slippy, Ifd.; calf, 4id., 4Jd-. 5d,5 cut.aud slippy, l}d., BJd.; rough, 43.; bull, 2}d. j 'horse, slippy, 35.; out, 4s. each'.

Tallow.—Tins, . 195.-per cwt.; rough fat, 13s. 3d;; horsohair, ls. :2d'.. , , ' : • GRAIN AMD PRODUCE. . (BY iiiElißAfil—i?rßSß ASSOCIATION'.} "' "Christchurch, July 24. •The.firming of. the London markot has en"cburagetl .growers: to;offer wheat in the hope that there may now be buyers. It is undor- ■ stood, ihowever, .thiit'.millers are woll stocked with flour, and in tho face of tho continued imports of tho Australian article they are not disposod : to make, [iny further purchases of wheat at present-.'- Growers are also asking more -thah is'considered tho market price, as much as,4s.- 3d. ? being-mentioned, while millers arid merchants'say 'tnat. if they wanted to buy fe., 0r'45.:,1d., at .the outside is all; they could offer. ..A privato cable message has been re'ceivedrfrom, Melbourne. quoting £& 12s. 6d. as : the -export-price-of iloiir,' tho previous lowost figuro, being .£7 ~15.i. This may restrict tho placing of fresh orders, but on the , other hand it is stated-that there are contracts made for

supplies of flour from Australia till the end of tho year, and these would not bo affected by the recont riso in price. The Moeraki brought over 1913 sacks from Melbourno. It is interesting to nolo that Australian Commonwealth wheat yield for 1007-8 amounted to about 46 millions bushels, and after providing for local requirements, tho surplus availablo for export is about 20 million bushels, of whjcli over 11 million bushels have already been shipped. There is nothing doing in oats beyond a small local trade. A very large portion .of tho oats crop in North Canterbury was put into stack, and is now being offered in the form of chaff. Tho splendid growth of feed during tho autumn and early winter. all over New Zealand has curtailed the domand for chaff, and had it not been for tho recent orders from Sydney, it would have been difficult to 'find a market for'a material portion of that available, except at much lower prices than thoso that liavo ruled.

Potatoes are dull of sale, as few orders for shipment are coming in, and during the time that deliveries wero interrupted by tho wot weathor any ordors that came to hand were filled out of store, several local _ firms, having laid in fairly large stocks, but it is reported that these have not been got rid of at a profit. There is, therefore, not likely ,to bo any. further speculative buying on tho present outlook. Onions have advanced' to JD7, but local supplies from growers are now pretty well exhausted.

Thore is a good demand setting in from the North Island for grass and clovor seeds, and several large orders have been placed. LONDON WOOL SALES. (ill TELEGUAI'K —PIIESS ASSOCIATION —COPYRIGHT.) > London, 4 July 24. Good, sales of merinos at full late _ rates. Faulty crossbreds were occasionally, in favour of Irayors. Otekaiki clip sold at 18|d. • The salos close,on August 1. [Tho price given above for the Otekaiki clip must be 'incorrect, for tho same brand of wool was sold at tho March sales last yearatl3Jd.J Messrs. Dalgoty and Company, Limited, have received a cable from their London houso under dato of July 22, reading as follows:— "The.programme of sales will be shortened by six days, our own last sale taking place on August 1." LONDON MARKETS. Messrs. Dalgety and Company, Limited, Wellington, have received tho following cable messaged from their London office, under date of July 23:- , '. ' . Butter.—Tho Copenhagen official quotation is 1 kroner (about Is. ljd.) per cwt. higher. .Tho total imports of. butter into the United Kingdom; for week' ending July IS, amounted to OS.OdOcwt, as compared with S9,oooc,ivt.. for -the corresponding week of 1907;; showing an incrcaso of SOOOcwt., Market for Danish butter is weak. Tho advance is due to local conditions; Other descriptions of butter are steady. Weoxpect a 4 considerable shortage here during Soptember, October, and November, and prices may be very high. It is, however, too early to make a reliable forecast. " Frozen Meat.—The market for lamb is weak and th6re is. a downward tendency. Mutton.— Market dull and tone genorally easier. Tho beef: market is somewhat firmer.

Tallow.—Since our last advices prices - for mutton, tallow aro unchanged. There is an advance of Gd. per cwt. on low qualities of other descriptions. LONDON COMMERCIAL. (ill TEI.EGIUPU—rRESS ASSOCIATION —COI'TIIIfIHT.) London, July 24. Wheat.—An Australian cargo sold'at 375. 3d. Lead is quoted at: £13. ■ Consols, £8G 15s. • '' MOUNT LYELL. (iis TEl.noEArn—press Association—coptiiicut.) Melbourne, July 24. The Mount .Lyell Mine returns from Juno ,13 to. July 15"( inclusive) .show : that .30,303 ;tons of ore,was;treated, also 47G;tons of purchased ore. Tho' converters producod- 694 tons: of blister copper, containing. 685 tori's of copper", 55,0090z.. of- eilyer, and 189ioz. of gold. ■■•"