COMMERCIAL.

Press, Volume LIV, Issue 16256, 5 July 1918, Page 9

COMMERCIAL.

I STUD SHEEP SALES. (By Cable.—Press Association.— ' SYDNEY, July 4. At tbc stud cheep salej big prices were paid {gi- merinos. A Canowie ram made 600 guineas, and two Haddon Riffs rams 550 and 430 guineas respectively. A RECORD ESTABLISHED. (Received July 4th, 8.20 p.m.) SYDNEY, July 4. A world's record was established at the stud sheep sales. Mr .Maurice Collins, of South Australia, paid 8000 guineas lor the merino stud ram Prince Charlie, fetched 2000 guineas a few years back. Mr Collins also purchased stud e - .vcs to the extent of 2555 guineas. A Deniliquin merino ram realised 410 guineas. Leicester 6tua ewes, sold on behalf of Mr John Nixon, of Canterbury, averaged x 7 guineas. His etild ram 3 averaged 7 guineas, and Romney Marsh ewes £5 17s 3d. Mr Donald Grant, of Timaru, obtained an average of £6 4s for his Romney Marsh ewes; Mr D. Sutherland, of Waimate, £'12 15s for his Border Leicester ewes; and Mr J. Dowihwaite £14 lis 8d for ptud ewes. AUSTRALIAN MARKETS. (Received July 4th, 8.20 p.m.) SiDNEY. July 4. Oats—Algerian feeding 4s 3d to 4a 6d, milling 4s 3d, Tasmanian 5s 6d. Maize^— 5s 6d Potatoes—Tasmanian £5 to £". Onions —£18. ADELAIDE, July 4. Oats—3s Sd to 3s 9d. WOOL PURCHASE. MEETING OF SHEEPOWNERS TO BE HELD. (PRESS ASSPCIATION TELEGRAM.) GISBORNE, July 2. The following telegram has been despatched by Mr C. A. Bridge, president of the local Farmers' Union, to Mr Lysnar, at Wellington :—"All the farmers interviewed feel that the prefient conditions are quite satisfactory. The Government commandeering of clips after tho war will assure them of a sound financial position when tho market and shipping inay be uncertain." Mr Lysnar replied: "Estremely surprised your wire. My main complaint is that no time was given t-o refer the matter to the wool-growers. The period after the war is not one year, but really means two clips, and I am sure the wool-growers of Poverty Bay, if they understood the whole position, would not approve of this." Tho Wool Committee, representing the shecpowners of this district, held a meeting, Mr W. G. Sherratt presiding. It was decided to call a full meeting of sheepownars for Saturday to consider the wool purohase scheme. THE MAIZE MARKET. A Gieboine message states that the maize season there has closed with a pretty bare market. For some time previously the market was restricted to local wants, and now that the now inaize is coming on tho market, values will fall, and growers may have to take as much «s 2s per bushel less than the closing rates for old maize. Several parc-iM have just changed hands at 5s 6d, as against 7s 3d previously. PATEA SMELTING COMPANY. j It is expected that within a fortnight the works of the Patea Smelting Company will be in full operation. Already the company has pig iron from ironsand. j