Peter White...
"I got a great deal on some 32 hole Grey Shimano LX hubs. The hubset costs $35. which is the regular price for just a rear LX hub. Add to the hubset the cost of two rims, spokes and labor, and you have a very inexpensive wheelset with some rather nice hubs. See some example wheelset prices below. I have plenty of other rims to choose from as well.

These LX hubs will accept any eight or nine speed Shimano cassette. They will also work with any seven speed Shimano cassette, with the addition of a 4.5mm spacer.

LX hubs, Wheelsmith DB14 spokes, Velocity Cliffhanger rims, built by me: $249.00
LX hubs, Wheelsmith DB14 spokes, Velocity Deep V Ti Grey rims, built by me: $249.00
LX hubs, Wheelsmith DB14 spokes, Sun CR-18 rims, built by me: $189.00
LX hubs, Wheelsmith DB14 spokes, Sun Rhyno Light rims, built by me: $199.00
LX hubs, Wheelsmith DB14 spokes, Mavic X517 rims, built by me: $252.90"