COMMERCE & MINING

New Zealand Times, Volume XXXIII, Issue 7853, 15 July 1911, Page 6

COMMERCE & MINING

THE SHAREMARKET WELLINGTON STOCK EXCHANGE. YESTERDAY'S QUOTATIONS. .■.riNixa Blackwater Jlines-3.15, « •« Be 6d. lionauzu-n a.m.. 1; Id: J-h, b Id. JJroirmcV”TreclioUl‘-10 a.m., b 3d, s 4<l; j 5 ' Coll.s r>l bl.' itc(l * (ioldlic-ltls—lo a.m , b 6<l. a.m., J. 1. 3d: ; nwllfb. 2-. id; 3.1 r >. b2s 4<l, « " 6<l - ! Now Big Ifivoi—lo a.m.. * n 4; noon. s ■ M Ncw a.m., b Js M. « 3s 1KI; noon, h 3s Kid. a 3s lid: 3.15, b 3s 9;i, a 3s 11 floss—lo a.m.. bla 9(1, s 2a; 3.13, sales 2s (reported). , „ i Sa.son—lo a m,. b2s 4(1. s2s 6d: noon, b 2, M, « 2s 7tl: 3.15. h 2s Td, s 2s Bd. sales 2s 51d, 2s 7d (3, reported). Tairaa Mines—lo a.m.. I) S 3 5(1. s2a 6(1; noon, b 2s 4(1. e 2s 6d: 3.15. h 2s 4.1, B 2? 6.1. Talisman Consolidated—lo a.m., h £3 10s M s £2 Us- noon, b .C2 Ids 6d. s £2 Us; 3.15. b£2 10a S<l. S£2 Us 3d ; , . „, Victoria N.L.—lO a.m., o Ib, b Is 2d; noon.-li Is; 3.15. h Id, k 3d* WaHil—id a.m., b .£5 4s id. s £5 5s 6d; noon, b -Re'* 43 3d; 3.15. b £3 4s 6d, s £3 5sWaibi Grand Jmiction-lO a.m., h XI 7 _s 6d, is £1 8s; noon, b £1 7s 6d, p £1 £s; 3,13. b £1 7s 6d, h £1 7b 9d, sales £1 7s 9:1 }2. ren-ort-ed). W'jj.to'nhi—lD -a.m., b 3s-Waihi-l^KTon—lo a.m., b 12s fprem); noon, b 12«: 3.15. b 12b. ■\Vn. : taiitri Consolidated N.L. —10 a.m.. b 2b lid, s 7-b Id; noon, b 3s, s 3s 2d; 3.15, b 3p, a Z* 2d. Waluh/nan—3.ls. h 2s. 9 2s 2d. "Worksop—3.ls, sales £2 2s. Note—Tho letter "b” Bitrniflos buyers *nci “s ’ Hellers. INVESTMENT STOCK.

ON OTHER EXCHANGES. PBES3 ASSOCIATION. AUCKLAND, July 14. Business done at, the morning call of the Auckland Stock Exchange included: Saxon. 2s 6d to 23 7d. Waiotahl, 3s lei. Kapanga, sid to sd. Okl Haurald, 2s 2d. Tairua illnos, 2s 4<L Waihi, 65s to 64s 9d. Wa-liii Grand Junctions, 23s to 27 s 9d. Northern Coal, lls 9(1. Consolidated Goldfields, 19s 9d. Golden Gross, Is Id. May Queen. 2a sd. Waitangi Consolidated, 3s id. Auckland Gas (new), 83s. Cashmoro Bros.' Timber, 2Ds. Wilson’s Cement (ord.), 395. Afternoon call: Saxon, 2a 7d, 2s Bd, 2s 7d. Coneolid.itcd Goldfields. 19s 9d. Waiihl Extended, Is 7d. WnJotfuhi, 3s Rees Goldfields, Is Ud. Tairua Mines, 2s 3d. Waihi Grand Junction, 27a 9d. DUNEDIN, July 14. Stock Exchange sales: Wad tang i, 3a 2d. Waihi Grand Junction, 28s 3d, 27s 9d. gales reported: Union S.S*. 41s 9<L Saxon, 2s sd. Now Sylvia-, 3s lOd. Waihi Grand Junction, 27s 9d. SHAKE QUOTATIONS IN LONDON. By Telegraph—Press Association—Copyright. LONDON. July 13. The following arc the quotations tor New Zealand mining shares '.—Waihi, 62s 6d to 665; Wiiilu Grand Junctions, 2fi| lOd to 28s Id; Talisman, 48s 9d to 51s 3u. AUCKLAND QUOTATIONS. PATS BUSINESS TRANSACTED. WEC3AI. TO THE ** TTMTS.** AUCKLAND. July 14. A fair amount of business has been transacted in mining shares on tho Exchange sauce last report, but all the same, prices show little change from the rales ruling tho last couple of days. Although so far no further packed stone has boon reported from the Exchange reef in tho May Queen mjnr> at tho 10CO foot level, on ’Tuesday May Queens had a sudden demand, and sold up to 2s Bd, but tho start was evidently a false one, * aa next day sales were again made down to 2s 5, after which 2s 6d awls touched. Steady buying has taken place of Saxon shares up to 2a sd, duo, no doubt, to the fact that men arc to bo put on to drive in that company's ground on tho reef out in the level at ICOO feet. •Victorias have had sales at la and Is Id. lloanataiaris reached as high ns 6*d in spit© of the fact that tho min© is under protection, and there is still several thousands liability to tho May Queen Company yet to bo cleared off. Kuranni Caledonian shares moved upwards, sales being made at Is 3d. Now Sylvias hc£i free sales up to 4s, and then changed hands at 3s lid (call paid). Southern mining shares have been somewhat neglected lately, bat 19s 3d is still offered for Consolidated Goldfields. Old Haurakis changed hands at 2s 2d and Kapangaa sold down to 6ld. as the delay in getting the mine uuwatorod is beginning to weary holder? In spite of the fact that tho monthly report from tho New Zealand Crown Mines was a fairly satisfactory one. still these share? sold at 3s 4d A good many transactions have taken place in Tairua mines shares at 2s 5d to 2s fid, and free sales were made of Waihi Grand Junction at 27s and 27s 3d. as the lost cable sent to tho London office shows that satisfactory assay values can be got from tho lodes exposed in tho various winzes, WATHI EXTENDEDThe drive cast, on tho south, section of the No. 2 lode in the Waihi Extended mine, was advanced 6ft last week. Four feet of stone is showing in tl*o face, and there is a little mineral in the footwnll portion of the lode Tho winze on tho south-east lode has boon sunk IBft uc-low No. 5 level Work both at the winze and drive has been stopped, and the men trans-

ferrod to t)io h>;nft- The v-'ator is almost cicrtrod out of tfio .“bait., and (-r.nkim: OLOivAions are to bo resumed iu order to open up tbo No. 6 level, MAORILA.VD. In Die course oi his weekly report (dated Julv 11 lb) the na.nu’.rtr >A the M.-jorikum mine stales that the ore won from tlio V;.- 1 ;»nd 3 Muptrs at the intermediate b vcl 'Toll below No. 3 levo!) has shown ■'.,M free-iy, and that 13211) of roush picked s'r-.-ne bad been Kent to the mill from toe Jip'N-iricnrhmed Ho; e. The battery nuperinrondeut Kt.ates that approximately lw tons oi ore have been mtehoii ami trc.v.ed for the period, and that the, result ot tho clean-up will Iv; availabio in a few days. GOLD DREDGING RETURNS. I’HF.SS ASSOCIATION. DUNEDIN. July 14. Th‘ followin'? arc dredtrimr rcium.s fr*r the week:— Electric No. 1.. 740 z 3dwt; 905. 1170/. sdwt; Goal Chance, D >7. Cdwt; Karauunj, 46o'c Jldwt; Koputai. 12hwi; i;ir/-.:.rie No. 11.. 260 z lldwt; Wjuka-ia. 19;>x /!!■/.'{., Central Charlton. ISoa 10dv;t; Hartley a/:d Jiilcy. 17oz; .Maimhorikia. 16oz: toM 12'*/. Vdwt; and NysUiry Flat. Boz 6dwt. CONTRIBUTING SHAKES LIAIJILITY OF 3IODDEES. A VERY INTKRFSTING POINT. SPECIAL TO THE “TIMES." AUCKLAND. July 14. A point, of considerable interest to escalators in mining scrip has Eton raised a*s liiu icsult oi homers vi contributing shares In the Alt. Z-cehau GoalnuiMug OoJiii>imy. receally receiving notices iroiu Uio liqu.idaiors that tiro balance of tho uncalled capital, amounting to Kd i>er shaxe, was to bo cailtxl uj>. Tiiis is iu connection with the voluntary liquidation oi the Alt. Zecban Gonpaav, wuh a view to the transference oi' the pToporty to tho Zoohan Consolidated Uo.dmLaiug Company for certain share considemtion. it is staled that tho legal position is sound that when a company lias to be wound up, in which there are contributing shares, the full payment of tho unc-ailcd capital can bo enforced unless there is special provision in the articles of association, against such a course U>ing adopted. Although this has not been done in Auckland, it is hold to be legally obligatory upon tho liquidators. In tho cau-o oiled the owners of •h*' paid-up issmo will probably get a dividend of sixpence per share out of the amount now being called up; ami tho payors of tho call ‘should receive bad: as a final dividend about half of the ICd they have to pay. BEAUTIFULLY SIMPLE. “This." says the “Star,” “opens up scope for quite a nice system of making money for tho professional company promoter, and one that has been overlooked. A tew men need only start a mine, boat a company with .shares iu which they got half the issue pa-id up allotted to them. Then calls can bo made on tho buyers of the contributing itrSiio until shareholders are tired of paying. Voluntary liquidation follows, with a winding-up call of tho whole of the unpaid capital, and the promoters get half tho amount paid in as tho final call given them in tho shape of a final dividend. Tho whole thing is so beautifully simple that it is a wonder so many years have claused without the great t.e.s of such a system of making money having been discovered. As far as tho Alt. Zeehan Company is concerned, it appears that all the shareholders wore equally surprised when it was found that tho whole of the capital must be called up in tho event of liquidation taking place, so tho holders of tho pahl-up hvmo in that company cannot be credited with having exercised tho forethought to meet the present contingency. Tho only point they are to be congratulated upon Is that they get a dividend without paying a call, while the other shareholders pav the call and only get half the a-mount back aa dividend." FINANCIAL CABLES BAXK OP ENGLAND RETURN. By Telegraph—Press Association—Copyright (Deceived July 14. 9.30 p.m.) LONDON, July 14. The Bank of England return issued for the week ended Wednesday, July 12th, is as under: — Ibsub DapARTMKin. Not** laaae £57:017,000 Gov. debt. £11,015,000 Othar secaritioa .. 7.431,000 G«ld .. 39,468,000 £57.917.000 £57,017,000 Bnrmi« DaPAHTMnrr. proprietors* Got. socarlcapital £14.553,000 ties .. £14,967.C00 Public d*- Otho r boposits .. 0.278,000 «arilies .. 30.383,000 Other de- Neto« .. 28,023 000 posit* .. 47,900,000 OeU .. 1,199,000 (lost 7-day and other bill! .. 3,422.000 £75,162.000 £75.162.000 Tho leading items of the Bank of England return afford tho following comparisons: This week. Last week. Last year. Bullion 39.468.000 33.729,000 40,163,000 Reserve 29,822 CTO 28,712.000 31,263.000 Note circ'ln. 29,235.000 29.691.000 28,560,(K>D Deposits .... 57,187,000 63,354,000 62,054,GC0 Proportion of reserve to liabilities 52.12 45.30 50.32 CONSOLS AND AUSTRALASIAN STOCKS. Current quotations for the Oonnola and Australaaiail Government stocks, compared with those of last week, and the corresponding period of last year, are: r. Stock. Thisweek Last week Yeir £ a. dT £ «. d. r. a, d. Imperial Consols 78 17 6 78 15 0 32 5 0 4 % New Zealand* 104 0 0 104 0 0,108 10 0 New ZeaJandf 96 10 0 96 10 0 98 0 0 3 % New Zealand! .. 86 10 0 80 10 0 187 10 0 Auf Mew South Wales 104 0 0 104 0 0 105 5 0 N ew *oalh WaU> 99 10 0 99 10 0 99 10 0 fik New South Wale,- 87 5 0 87 10 0 88 10 0 4^L'.Vietoria .. ..WHO 0 101 10 0 102 0 0 3A*V> Victoria .. .. 98 0 0 97 10 0 98 0 0 3 % Victoria .. .. 8-H0 0 M 10 0 85 10 0 voa’-h Australia OS 10 0 98 0 0 93 lc» 0 3 % South Australia 81 10 0 81 10 0 85 0 0 4 % Queensland .. 102 10 0 102 10 0 102 0 0 34% Queensland .. 93 0 0 98 0 0 97 10 0 Queensland .. 8o 10 0 66 10 0 85 10 0 34% West Australia.. 97 0 0 97 0 0 97 10 0 8 % West Australia 83 10 0 83 10 0 83 0 0 81% Tasmania .... 97 0 0 90 10 0 98 10 0 Tasmania .. .. 84 10 0 64 10 0 86 0 0 •Interest payable in Vay and November tlntoreai payable in January and July, ilnterest payab-e in April and October THE MONEY MARKET. The Bank of England deposit rate remains at 3 per cent., to which it was reduced on March 9th. A year ago it was 3 per .cent. The open market discount rate for best throe mouthy bills Is 2s 6d lower on the week at 115-16 per cent- A vear ago it was 21-16. Short loons are 2s 6d lower at U. A year ago the quotation was liIn Paris the open market discount rate is unchanged at 2£. A year ago tho quotation was 2&. Tho Berlin quotation, ia 5s lower at 2.1. A year ago it was 3J. GENERAL MARKET CABLES LONDON ADVICES. By Telegraph—Press Association—Copyright. (Received July 14, 939 p.m.) LONDON. July 14. WHEAT MARKET INACTIVE. The wheat market is inactive- Unfavourable crop reports from ..'tussia and Germany, and droughty weather -o Europe generally have • maintained j rices, though shipments are heavy. English crop prospects aro good.. Thirty-four shillings and threepence is' asked for Eouili Australian Mt rch-April-May shipments, 34s for a steamer shipment ea’- 1 - July, and 34a 6d for Victorian steamers mi-1 July and mid Augxist. Thirty-three shilling? has been paid for South Australian and Victorian parcels arrived. There is a slow demand for Australian on the spot at 353 6d to 36s 6d. Eost New Zealand longbcrry is quoted at 55s 6d. DOCS DEMAND for flour. There is a poor demand for floor- On the spot is quoted at £24 to £24 3s per ton. OATS STEADY. Oats arc steady. New Zealand aro scarce- New Zealand Cartons 21s to 22s

Cd, sparro’.vbilln 2;s 6d to 2Ls 6d. La Plata July-August :hiinnciJi.- It.s 9d. j BUTTKH MAUKKT VKRY FIRM. 1 Tii'> market for butter is very firm. The : aontinuaufo oi Liu neat ix fcrlou.dy übcciiug liiy output in Krjg,a./j<L ir,’i;uui t a-'U yn tile o.ipy,Juuy ia v.IjUiC it is jcp'jrucrl that foot and mouth di.se.ml liu;< out bibcrur.: .-a.i-mcn-a ale greatly reduced. Daa;.sh rs quoied a. to 1200 choicest Australian 1 A, Lo lets unsaited 1 As to and occiu;o!iail\ li.r, .second ({iuilit:c:4 OA. to 1-/K. Hut tor v. 1 *_c^t has Loom s:ored rs .soiling freony. OUUKSE MARKE'i' FIRM. Clmevc is firm New Canadian, which a improving in qualitv. 52.-; New Zealand. 6-s to 60s 0:U Viei-.-rian. small Ao to 56-. uir .-c lo 55.-J. The sale i a ' rather slow owing lo there being plenty of Canadian on luo market. SUGAR. German beet smear, 20 per cent, net litre, is IAI higher at 12s 6d per cwt; first inai-ks i.-i td h!g;icr at 14.-: 3d. BRADFORD WOOL MARKET. The tone of the Bradford wool market is ■.•Leer!ul, and pricca arc unchanged. PKIGKo OF METALS ; ! Copper .—On the spot £57 U 3d per ton. : a rise of 9d on the week: three montns , A'o7 17? 6d, also a ri.so of 9d; clectroiytu: i £54 a rise of 7s 6d. . , Tin.—On Lie spot £.195 10s. a rise of £2 on Uio week; throe months £lB9 10s, a M.iddlcsbro’ No. 5 is lid liigher at 45-j ltd per ton. | Spoiler is 7- 6d higher at £25 per ton. 1 Load —lmports for the month were j 37.445 tons. Australian 346*1 tons; export:., i 6552 tons j THE PRICE OF SILVER. I LONDON. July 15. Bar silver is quoted at. 24 7-l6d per ounce, a rise of l-16d since the previous day. j LONDON MARKETS. j Dalgety and Co., Ltd,, yesterday received tho lollovßng cablegram from .their Loudon office dated July 15th: Frozen moat.—Since our last cablegram, demand for mutton and lamb contiuuey l.mlted owing to the hot weather, and any , change in prices is in favour of buyers. Owing to large supplies of chilled beef offering at low prices, the sale of frozen is extremely small. Tallow.—Tho market Ls unchanged. THE POTATO MARKET DECREASED OUTPUT. PRESS ASSOCIATION. CHKISTCIIUHOII. July 14. The potato market is dull iu consequence of heavy supplies going forward to ' Auckland. Daring the lust week some 11.090 or 12.005 sacks nave been shipped north irom tho Bluff. Oamaru, Timaru, and Lyttelton, and the crop iu the Oamaru district ia turning out very mudi better than was expected. There is little demand for potatoes in consequence of tho quantity going north, and the best offers are 50s to 55s at country staions. The following table shows how potato-growing has decreased iu different provinces in the Dominion during the last ten years: 1911. 1899. acres, acres. Auckland 4,199 7,107 Taranaki 503 196 i Hawke's Bay 1,247 225 Wellington ..1 2,272 4,156 Marlborough 503 753 Nelson 867 1,193 Westland 41 303 Canterbury 9,407 12.434 Otago 6,111 5,211 Southland 3,030 1,592 All the provinces have decreased except Southland, where the area has nearly doubled. The decrease in potato-growing in tho Dominion is, of course, due to the loss of the Australian market through the blight a few years ago. WHEAT, OATS AND CHAFF ADVICES PUOM THE SOUTH. PiiE3S ASSOCIATION. CHRISTO!IUHCTL July 14. There has been a sngiit revival ui the wheat export trade consequent upon the • unproven' tunc oi me Donuun marivot. ino Drayton Grange iuts saued with 12,Uu0 saeKs f from soulueru ports and Aj> izeiton, anG tno , Jlarere, now hxtdmg, is expected to Ume away another 15,0*0 sadts. There is very utwe wheat changing hands, as the sligut advance in price lias been met by growers increasing their reserves. Tuscan wheat nos been sold up to 6a 4cs, and Velvet up to 3s sid, lor prime Hoes at couutry stations. The census returns, .showing tho area in crop this last season and tiro amended estimate of the yield, iudiciue that tnere is amide wheat lor ail requirements toU year, as only some three quarters of a million bushels have been exportedT'ho considerable aecreuso shown m the area sown in oats this last season has had the effect at causing a little more inquiry, but offerings locally are scarce and sales are few. Chaff is easier, only 75s to 80s at country stations being offered, but there, arc up sellers at these prices, as chon is worth more iu country districts for local consumption than tor export. FRUIT AtfD PRODUCE WELLINGTON 3IAEKETS. During the past week there has been a bettor tone ruling foe all lines oi irmt, \ with the exception of oranges. Apples ; tronl local orchards have been in fair sup- ■ ply, and a shipment of IMsmaJiian-grown, which arrived yesterday, was tho first lor tho season to como in under the r&aucoa duty of i<l per lb. which year comes into force on July 14th and exists until Be.embar Slot, when far the interim indicated tho import is raised to Id per. lb. The fruit available at yesterday's auctions was generally of good quality; at the same time there was a small percentage of inferior. Values ruled up lo ICo 6d ; per case lor best dossort and to 9a for cooking apples. Pears are in strong do- , mand. and a small supply from Nelson jjoj-d t-bw* week at record rates. New South . Wales fruits, comprising mandarins, pas- j sious and oranges, were in good supply : this week. Mandarins, were in keen dc- | mand, but other linos were neglected to some extent. Tho absence of lemons Irom Sydney resulted in a good inquiry lor South Australian, which arrived yesterday. Shipments of island oranges and bananas aro due on Thursday next, and should face a good market. Apples, choice coloured dessert 10s 6d to 11s case, prime 9s to 10s, fair 7s to te, cookers, prime favourites 8s to 9s, prime ordinary 6s to 7s; tree tomatoes, 3s to 4s box; lemons, 7s to 9s era?©; passions, 3s 6d to 4s 6d half-gin case. POTATOES AND ONIONS. For the past week the potato market has been very unsteady, and values lately have further declined, in fact, buyers are looking for the bottom of the market. The markets hero axo well supplied on consignment, aim business has slackened off lately.. Southern quotations are in the vicinity of 67s 6cl f.0..b south. Seed potatoes are in heavy demand, particularly Early Rose and Beauty of Hebrons. these varieties being eagerly snapped up at £9 per ton f.q.b. south. Considerable quantities of British Queen, Princess Victoria, and Northern Stars are also being said this _ year. Up-to-datea are, of course, tho main line, but owing to the weakness of table dates this variety is In. much more plentiful supply. Best picked samples are worth £4 10s south. Some small quantities of southern onions arc still coining to hand, but the quality of these is now very unreliable. The Victorian onions arc now commanding the bulk of the trade, but tho standard of quality of these is much below that of previous seasons, owing to the extremely wet season m Victoria. Potatoes, prime £4 10s to £5 per ton; onions, 435 to £5 10s. OTHER VEGETABLES. Cauliflowers, cabbages, pumpkins, in fact nearly every line of vegetable, are in short supply, and* as the demand is strong, high rates rule. Cauliflowers, choice 16a to 29s sack (with occasional higher rates), prime 11s to 14s. inferior 4s to 6s; cabbages, choice heavy 11s to 13s sack, prime 7s to 9s; narsnips, $3 to 7s sack; marrows, 4s 6d to 5s 61 sack; pumpkins, 5s 6d to 7s sack; taunaras, 8s to ICs cwt: sninach, 3? 6d to 4s 6cl sack; French beans, ?3 to Us part sack; Swedes, 30s to 40s ton; turnips, 4s to 5s sack; beetroot, 4s to 5s sack. EGGS. The market continues weak for both fresh and preserved. Chvjng to the much lower prices ruling for fresh, preserved are inclined to bo noglected at Is Id per dozen, with fresh Id to 2d higher. POULTRY”. Tho demand generally is good at 3s 6d to 4s 6d for young roosters, hens, good

li,-.-*, y zs to 3-s 61; ducks, 4s Cd to 5s 6cl | ■ pu.r; larkcy.-, gu.jbicic, lea lo 2u.-i pair; i .5. 3c IU La. Lucrv and Co., iAd., Wellington, report \vii<-Ho.-ule prices rufing on tue rnarkez us .(....-i : —W'ncai, good who:© lowls'. 4s to 4'-2d bushel; oats, good feed, 3s to 3s 2d- oiilj, duns 3*> 2d to 3s 4d; oats, need viiitc os 3d; oats, seed Algerian victor.an r,o cor i, 3s Ad; maize. 3s 3d to 3s 'id ■ low.s' barley, 3s3d; Cape. 3s 6d; cru-di-cd’ mall. Vs ocl; partrlago j>oa.s, 4s 6d to 4s 9J: pollard, £7 to £7 5d per ton; bran. £5 lb* to Lo; flour. Atlas, £9 5a Wi: ciiaff. oaten Mieai £5 15s to £6 ss; rico flour, £b j;er ion; rico meal, £j per tun, potatoes, table .£4lss to £5 10s; onions, £4 IgS to £o IA-; bone-ilist, L hs; uasic .slag, £4 ‘j,., to £4 10.-; fcuperpbocfpiiatea. £4 15s to £5. oatiiiuil, £l4 Ls; roJJtd oats in 4 s, Ss dozen; medium sized 6id to 6yJ per lb; cuccse, loaf t>i»i to /d per lb: billies, bu.k, Is to Is 2d; fresh eggs, Is 2d lo Is 3d per dozen; preserved eggs. Is Id per dozen; A)’s bi.gnl 4a xu; liimeed nuts. los per cwt; linseed cake, crushed 13s 6ci per cut; bacon, -sides 8d per lb; bacon, rolls S-’d jjcr lb; hams, 5d per lb; fowls, hena 3-- lo 3s bd. voung roosccrs 2s to 4s; ducks. [ 4j Cd to 3;-;, all at per pair; turkeys, gobblers bd to 9a per ib - live weight, hena 6cl ! to 7dI WOOL, SKINS AND HIDES ;i J TIIE FORTNIGHTLY SALES. The fortnightly sales of wool, skins and j hides were held yesterday by the New Zoaj land l.uan and Mercantile Agency Co., Ltd., Dalgety and Go.. Ltd., United Farm--1 cr , t:. ! -u K .-raliV'C Assn., Lid., Levin and Co., Lid., Abraham and Williams, Ltd., a.rm i Roberts and Co., Ltd. Good catalogues ) were offered. Tlicro was the usual at 1 tendance or buyers, and competition, on the whole, was keen. In sympathy with the drop in prices in current London sales. ' wool was lower by hi per Ib. than prices recorded at last local sales, but bright clean crutcfiing.s were keenly competed lor. Sheepskins were not ao much affected, and sold well up to last sales' rates. Hides and tallow were in good demand, and firm at low rates. Wool.—Haifbrcd Bd, crossbred medium 6Vd to 73d, lambs crutchings good 5Jd to 6!)d, inferior 4]d to sd. bellies and pieces 3id to sd. locks 3d to 4d, scoured pieces 7U, scoured locks 6id, washed pieoeb lid. Sheepskins.—Halfbi’ed 6d, crossbred, 53d to 6|d, half-wools 53-d to 6.1 d, quarter-wools 4d *ro 51 d, dead 4kl to sd, lambs 53-d to 6sd, broken and damaged 33-d to 53d, pelts 3id lo 3id, ha-lfbred damp 4a 10J, crossbred damp 3s cd to 6s lid, crossbred salted 4s t-p 4s 6d, lambs salted 2s. Hides.—Ox heavy 7|d. ox medium 6d to 7&d, ox slippy 53d to 53d, oow medium 6gd to 63d, cow cut and slippy 4gd to bull 4od to 51d, yearling 63d, horse cut 8s 5:1, j calf good 7d to 9£d. calf inferior 2d to 6d. 1 Tallow. —Parcels in shipping brder £2615s 1 per ton, tins £22 to £24 ss. rough fat £l6 to £2l 10s. Horsehair. —Is to Is 3d per lb. Horns.—ss to 13s 6d per hundred. Taiifi,—-Is 8d per dozen. STOCK SALES UPPER HUTT. Dalgety and Co. Ltd., report: OTTWednesday we submitted an average yarding of sheep and cattle for this time of year, .but competition was not very keen. The entry of eattl© wa« mad© up mostly of cows and heifers due to calve in spring, and anything of good quality brought gouu prices. Cattlo.—Gdv.-s close to profit realised £7 10s to £8 12s 6d, cows to calve in spring £3 12s 6d to £7 10s, springing h-eifers £6 IDs to £7, empty heifere £3. Sheep.—Twotooth to f.f.m. ewos 12s 6d. PALMERSTON NORTH. Tho New Zealand Doan and Mercantile Agency Co., Ltd., report: On Thursday we had a good entry of both sheep and cattle, and effected a total clearance at late rates. Sheep. —Store owes realised 4s 3d, f.m. ewes in lamb 9s 2d, fat ewes 12s 6d, store wethers 12s 6d, fat wethers 16s 6d, hoggets fo to 8s lid, two-tooth ewes in iamb (on account of Mr M. Voss) 17s Id, Cattle.—’ YVeanor heifers 39s 6d to £2 4s. -eighteenmouth heifers £2 12s 6d. backward heifers In calf £5 2s 6d to £3 16s, springing heifers £5 12s 6d, cows in calf £4 5s to £5 ss, backward dairy cows £3 to £3 IDs, cows in milk (Jersey) £8 10a, store cows £2 11s to £3 Ss, forward cows £3 10s to £4 ss, light fat cows £4 15s to £4 16©. j Abraham and Williams, Ltd., report; At 1 ouv salo at Palmerston North, h9ld on Thursday, a small yarding of sheep and cattle met with a ready sale, and we quitted the bulk, of our entry under the hjjnmcv. Sheep.—Two-tooth wethers realised 14s 3d, fat ewes 13s. fat wethers 17a Id, mixed lambs Bs, ewe lambs 9s Id, forward ewes Os 3d, rams 9s 6d. Cattle.—Fat heifers £5 6s to £6 10s, forward .cow© £3 to £3 18s, wcanors 22s to 283, dairy cows £7, bulls £2 2s 6d to £4. Da-lgoty and 00. LttL, report:—At onr PaJmorstoa North sale on Thursday a fair yarding of sheep and cattle coxae to hand. Sboop—Dull lambs realised 4s ICd to 5s 4d, f.m. owes 6s ICd. empty ewes 7s lid, twotooth wethocs (small) 12s 6d. Cattle —Eight-een-mo nth steers £3 4s, store caws £2 17s 6d to £5 13s, two-year heifers £3 16s, backward dairy cows £3 17s 6d to £5, fat cows £5 10s, fat and forward bullocks to £7 10s. LINTON. Dalgety and Co.. Ltd., report; We hold a dairy «ni© on account of Captain J. D. R Hewitt, at his farm, Linton, on Tuea•day. July 12th, and offered his herd of dairy cow© to a very fair attendance of buyers. Tho cattle were in good oondh tion, and mot with keen competition. August and September ca-lvors maintained a uniform price throughout, the former I selling at £7 10s, £7 15s to £8 2s 6d, and I the latter from £6 15s to £7 ss. Date • culvers sold from £5 to £6 10s, store oows to £3, forward cows to £4 15s, two-year heifers to £3 17s 6d, grade Jersey weanec* heifers £3 2s 6d, bulls £3 17s, £4 to 7 ; guineas. Milk cans, etc., at current rates pehiDing. , The New Zealand Doan and Mercantile i Agency Company; Ltd., report: 1 On Wednesday last we hold a successful • 1 sale of dairy stock on account, of Mr Wil- . 3iam Mitchell, Valley road. Kimbolton. 1 Gattlc.—Jerseys, cows made from £9 7s 6d to £l2. One exceptionally good cow rcali j ised £2O, early calving oows £7 to £9, back- ! ward calvers £5 to £6 10s. cows in milk . i £7 irs, yearling Jersey bull £5, Shorthorn i weaner heifers 32s and 365. Pigs—Good porkers 235, slips 9s. Sundries made good values.

At Fell ding on Friday wo had a heavy entry of shc-p, and a moderate yarding ol cattle, inosJy dairy cows- and were euc* oeasful in placing the bulk of our entr oi sheen. Two-tooth Romney owes in amp to stud Romney rams 20s, ewca in lamb to Romney iambs 9s 61 ip 11s 9d, twes m la rub to Soutiulown and Lincoln rams ILbd, ew«‘.s 3-s 4<l, fat owes 10s. wethers Us W. la.t lamte 11s td and 11s 7d. ewe lambs to Cd. mixed lambs 7s W. Cattle-Dam hellers X2 iss, dairy cows at various prices up to £7 10s. WELLINGTON CUSTOMS. The Custom.? revenue received at Wellington yesterday totalled £3511.

Buyers. Sellers. Sales. £ a. d. £ s. d. £ 8. d. Banks— National of N.Z.. Ltd — 6 2 0 Union of Austro* iia. Ltd. ... ... m 0 0 — - FINANCIAL— National Mort'ge, Ltd 3 8 6 N.Z. T/f>an an<ll Mercantile ... 0 16 0 _ Wd'n Invest T.A. Co., Ltd. ... 0 11 9 _ Wcl'n Trust Loan. Ltd - 7 10 0 WM'n Deposit and Jlortgago Asa'n. — 0 8 6 - G 4 3— Christchurch. £5 9 15 0 _ _ MEAT PEESEBVTNG— W«ll : ng’n Meat Ex* port, £5 6 5 0 SVellinsr'n.Mcnt Ex* port, £2 12s 6d ... — 3 5 6 3 5 0* SHIPPING— N.Z. Shipping Co. — 11 13 0 Union Steamship 2 16 — 2 19* MANlTACTUfilNQ— Wclling'a Wooi’n, preference — — 3 3 0 COAL— Taapiri ... — 1 2 5 — W cs t por t-S tock'n. Ltd. ~ — 0 2 6 — Miscellaneous-* Ley hind O’Brien Timber 17 9 1 9 6 N.Z. Drug Go., Ltd., £2 2 9 5 N.Z. Paper Mills — 1 1 9 — Bharland and Co., t Ltd., ordinary ... 13 9 1 4 6 loom. £1 j>d. ... 0 16 6 0 17 0 Tar ngamutii Saw* mills. Ltd. ... 3 6 0 2 8 0 V,'cru Opera House Co., Ltd. — 7 5 0 _ •Reported.