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Bu-.hie?s in the import market has been dull during the week. Sugai3 ate easier, with only a limited inquiry. I'atua rico is firmer, Llo in bond being tho general quotatijn. Other liiits are without quotable change. Mr D. M. fcpeddir.g reputs having sold the coal merchant s business lately carried on by Mr 6. Latimer to Mr William Wilson, of Ralclutha.

Messrs Dalgety and G.\ have received the following cablegram from their Melbourne branch, dated yesterday: "New Zealand milling oats: Prices are declining without enlivening business, 4j. New Zealand Chevalier barley: aro depressed, 5m sd. Grass seeds: Buyers show little or no inclinati n *:o operate " We find that the total va'iu of the exports of this colony fcr the pist three months amounted to L.2,206,775, without making any allowance for one or two of the least important ports, the figures for which we have nut obtained. The total for the corresponding peiud of hst year was L 1,426,290, so that the relative ii.creasti in tho pre;ent quaiter is L 780,485, or over 50 per coat. Tha three preceding quarters also showed excellent returns, and the total for the twelve months ended with the :50th Jane is L 8.981,894. as against L 7,215,415 for the year 1887-88, at.d L6,952,15G for 1880 87. Tho total value of imports, on tho other hand, is like those of tbc recent quarterly returns, somewhat below previous years Makirg a fair allowance for a few returns yet to be obtained, the total will no: exceed L 1.002,000, as against L 1.132,503 for the corresponding peiiod of 1888. This brings up the total for <i twelve months to L 5,777,723. Recent similar yearly periods presented tho following totals, namely : -181:7 88, 1.0,312,563; 1885-87, U5.3G1.704; lfß3-85, L7,1h7 29tJ. Tho excesj of exports over impjits for the past twelve months it-, therefore, the very large bum of 13,204,0;i0."-'Trade Review.' Mr Thomas Parker has left by the Tekapo en route for Brisbano, with a consignment of horses and cattle for that market, consisting of two entire horses and twenty head of cattle. Amongst tbcm is iucluded his owu bred colt Sir Harry, by Taieri Tom out of Nancy, g. d. Jean, by Piido of Scotland ('mported), siie Mr OhartMh's What's Wanted (irtporled) With his fcizo and substarcc, we feel certain that this colt will develop into a grand how. He also takes with him Messrs J. and J. Allison's champion bull Bruce, bred by Mesbrs A. and J. M'F.ulane, from the well-known sire Teviot (imported); champion cows from Mr J. Gibb and Mr J. Driauan.—' Bruce Herald.'

MORNiNGTON TKABIWAY COMPANY. The directors in their report to be presented at the annual mooting say tint reference to the balance-abce* and statement of accounts thaws that the oompany hava now no indebtedness except their d.-bontures. Tho raach'n ;ry and rolliug stock have been maintained, and a»e at presont in good condition and efficient working order. Tnia has been duly certified by the Government inspectors. During the year alterations havo been made in the time-tablo and concessions in the rate of faren, with a view to accomodate regular passengers. The lirus are now the cheapest and moat expeditious for flubmban re idence. The receipts for the year amounted to L 4.332 0* 6J, and the cost of general working and renewals L 2.884 14i9a-le.ivir.g a balance of 1.1,4*7 5* 91 for the ertulit of profit and lons account, which, atcer providing fur iutuiest and other charge!", shows a balance of IJ,OBO 2s. Tho directors recommend that of this umount LIOO should he written off machinery acount avd LI 00 off building* aecoant, and that 1i525 should bj appropriated to pay a dividend of (5.1 per share; thy bilance, L3ul 2s, to be carried forward, Tiie directors recommend that in future the number constituting tho Board be seven, and that clause Gl, articlo 15 of the company's articles of association, be amended to give effect t)such proposition.

MINING NOTES. Bloshm .7. and W. Gage report the receipt of a telegram from Eec-fton announcing tho >re kly returns as follows :-Keop-it-Dark Company, 302' 2of amalgam; Globe Compas.y, 2440z of amalgam. Messrs J. ard W. Gage report receipt of telegram from Reefton giving tho return from the Scotia Gold Mining Company for the week as of amalgam from 100 tons of stone. We understand that tho parties who have been miring for the past week or mi on Moirlson'3 f*rm, Waitahuna road, and who were reported to have struck good gold in a gully running thn.ugh tbo property,, are t> receive notice to discontinue operations forthwith It appears that the le.'see of the farm, who has been lifting a Btnall Bum weekly from each of the miners, has no authority to allow mining operations to bocarriid on; and the Bank of New Zealand, to whom tha property nominally belongs, have stepped in and ordered the discontinuance of further operations.—The transfer of the Waipori Water Company's mcj to tho Blue Spur and G.\briels Gully Consolidated Gold Company has at length been completed. Ths local shareholders in the former company met in Lawrence on Wednesday last and apportioned the money which they received from the Consolidated Company through tho agency <f the Colonial Bank for their properly.—'Tuapeka Times.' Labt evening we were shown a letter from a Chri-fchurrh gentleman which Mr B. P. Mberg (of Waipjri), mining engineer, tad i'' ceived in rrfeience to an analysis cf a parcel cf stone from tho newly-discovered quartz reef at Lung Ouliy, Waipori. The analysis was made by I'r; fo-xor Bickerton, and thowed that the yield waß at the nte of 4oz to tho ton. Iho parcel of stone forwarded to tho Professor was taken promiscuously from the surface in one of tho claims applied for by Mr fckberg, and also at a d r pth of 2ft along tho course of tho reef, 'ihosowho aro associated with Mr Ekberg are making arrangements for tho pu rebate of oue of tho s.'amper batteries tit 15lue Spur for erection on tho reef at Wa pori.— lbid.

| By Telegraph.] Wancanui, July 20.-The liabilities and assets in the estate of C. If, Ashforth. filed t>-day, aro as follows:—Liabilities, L21,0C0; asset*, L 19,000 in pro]>trticH and shares.

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COMMERCIAL., Issue 7964, 20 July 1889

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COMMERCIAL. Issue 7964, 20 July 1889

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