COMMERCIAL.

Dominion, Volume 2, Issue 442, 26 February 1909, Page 10

COMMERCIAL.

-» J - "- ■;.■;■:;■-.-■■ :■.■ [ ■■■A^ ■' ■;;•: p )im: : SS£o:: .: S.ZS\ : S:'~ A , safe'Vpf: National Slortgage?at■ JE2 : <:. was reported./: ; Natibnal ; Banks; weVff'in 'de- ,; ;'•: niand at ; JES,. with'eellers at £5 2s. 6d;; Equit- ■;■■:■'■' able Building, sellers r £9 1155;," ex rights; Met.h';>:ropolitaii,Buliai;ng,vbuyeri';'il2i bum'.diT.j: X;..lingtpnf.Trust; and Loahj 1 buyers: 195." Bd., ' : V sellers'/>£7 ss.i. National Mortgage,.' buyers £2 '~;';125./6dw:New: : Zoaland'Loan.and Mercantile, ../'.buyers v2s.v-6d.;: Gisborne::Gas, sellers -,£2> 12ev; ; WellinEton:Gas,'4lo 15s;;' .; i; new issue,~ luyers 12s. 6d. j ; premium; National ;':i Insurance,'-buyers .£1 Bs. :- i &iiit:"iiaai}i bujers ;':;£2 10s.'.i:Wellington'Meat'Eiport,--JE2 i2s.-6d; ' ! ./paid, sellers £3 ils. 6d.; Jfanawatu EailSi-buTers; 3d.;...: Wellington,,: WobUenVdr'dHary,'.;, :•:-;;sellers >£3. lsi' 6d.;. .AVestport/Stoptton Coal ~/,"sellers :; 95.;D.1.C.--pre'ferea6e', :; 'buye'rs;'22lviei s ; . 9d.*,;:Leyland-p'Brien; : Timbef,."■ eeHefa'""^ ~2sr /'■:9d,; Ne.w. Zealand .Portland; Cement,: buyers' j£'l ■ . : Vl4s. 6d.;.Taranaki.Petroleum,-buyers,Bsl;■"eel-" . ; :;lers. 95.;,;-Ward vand/. C 0.,-.: brewery .shares, sel- ;,;;, ■■:; ;X;;;; •::;:■ v:/ ;-,(;.**■<■:*■■ Vi : .'^/.;-i-;S":' \- ;^ v/,V;'Sales of Talisman's;at '^^.i iOct.* and.Waihi ;',Grand'Junction at:'i£l;ss."sd.'K.ere reported, . -/and', a'.sale- of;-Talismans at, >E2 4s. : '6a.',' and ■■■"'.f.'Wailii kt :,£9 w?s made on - ..tipns:.were.as,iinder:-r •;.;:-■■■:-; ;- ; .: :.~ .;;;:' ■:'i ■'.-: - if ;- 01-V'4 / Sales;:'' : ; Waihi Grand June; 1 5 0 i.l ~5, fl b , .K S::5 iiTalieman ; : ■;.. 2i ' e'f ■ 2 ' ! 5. ! -0 '-''x-T 6 'v.W_aihi'-J.f/:iV.'''i.-.-; : -819.'' : 'e ' 9 o'6 9;o 0 ;':;Tangiafp;; .„■ ::.;.'.: —' •'•:.'• 0 0 il .-•'.'■—. , f/ ; :.Big;Eiver;.^ ;^,vi;i-: _'/--: v :.■:•:■■—■>; i;- , %xl^;|^i|f®4^iP A DE.^:;^ : ;A'^ / : : :;.;i ;•/';■';Messrs.' W?"Weddel'"and"C6.'s.annual review ;;/,of; the.'frqzin./meat tfadeof theVDnited King- :•/■ doni states. , th'at: : supplies' of frozen;mutton- and •Alamb.imported;in; 1908-amdunted t0.9,651,418 :,: oarciissosv, as ; , v agains.t , - , : , \'l|" .; ;_1907/ ami; %799,692 cWiaasfe-'in 1906. ■'■' Thfe-de"- ;■- creaserrepresenls -smaller. Shipments froi£AuS ■/ i tralia of 508,685 ;ea , rca!sse's} , bf which' 191;375'Vei-ff r//lainb,'and.of',s63,2o9 carcaseesjrpm New Zea-. :■: r,land,;;c6mpensated /for to some - extent by:nn. .; -v increase, .'of 570,785 ;carcasses. from South"/Amer- , Avici:'Mutton met a dragging sale.right.through the:,drift. , ,;of .the consnmn,tiye de:.niand :beihgistill ;mqre - pronounced than before :•'-.■ ■;; clusiijrj-?.-(Jf mutton.';-. Australian importations ,/ wereV62siO67- ; ca,reaases;ror73ls;3lo ■•carcasseß.i lesal ;,: than , nevertneless; supplies/were "ac'all hniee.'equal ;;..to: the'/restricted, demand: ..Pricee followed, a .":" course, about Jd. 'per lb. on' average, below,, the, ;/'rates" cun^nt:-::f6r^tviriPltem;utton.'a ; Th* vv,quality;vas'a^olgi^^'6|tisfaT;UoriX'biit. t 'iin '•,';manx;parcelß;itter.e.iw"aei«much<,greatef ;, larity" '.'haw .■been,''.even rafter as ■ dry a j Season as 'waaVeiperiehced in 'parts ■'of ;/; :the;' Commonwealth:,;, -./-i; V,- H YX'4' ! iifi:v\/''''i ■'■* - :/■?■ Of ilathb;heavy suppliea were-ieceiyed"from' ;;.; Australia -in 'January,, but "for.; thei remainder : ;>ot,.the arrivals' /were light. l ', 4 -;TJi3'..p'fbWof-. :-i' tion of«inferior..:lambs;waß .unduly large, but :.;-at.the• jery-low"prices,accented fo^^hese, : .: ; was,' demand, '.f which 'was , :,; inaintaihed till.the clobb of the eeasoni: Good quality ,;. Bt.a. ; substantial..pretnium-iiTßeTifewj?season' v opened|-rather. late afa "fairly, satisfactory /t. , level:of..;prices;for-all/grades,.and, etocks weie. •:: in moderate compass at : the :,«nSc of December. ■ -./ The , .report, further states that from '-Australia-' };the'..volume/of; ci.f./business with .the United .; .Kingdom.compared favourably:.with"that pfttho ; ,, previous year. ;, As faf,sa£3'aml)S ■ wef&;cdn- ;, cerned,.*however i : Vrather- :larger proportion ':'-.' ,™»;usual came.forward on consignment, cii. ;, checked: after'-the-'openiiig -'of-the ■-;• year.byythe low level' of -prices currenf in Lon-: .:,..don. and- the• heavy shipments afloafo /The"Be"w" ■v Beasori /has .Veen, characterised : by. fairly toe :'..'. sellihgat. Idji.tofy^per. , lb.';'above:,«ibse : sellers called:a: halt. : .vfefore jthe'yea^MqMiSahd ,, were-'dlsposed : t6'. -•/.^? li: W I'iKlWgte.prices. ~.of,muttOn?irere sold/to London an'S West Coast '-■■ ?9 rts ',?Rd. a number-of/sales of/beef took place :: trom time'.to time,' at prices .which were, gener- ..;• ally speaking; ■:eat«fa'Btorjj:'.i!:-!i'ajyi-' ; i%v -f conclude ; their ■revievr" by .:.retatmg:;;that,vraltho\i H h.'th-e:^ara:U , f::-Trade" r'retyrns 4908 showed,'such/aßerious'-shiiiilL-,.:.age in.the trade.of- Great Britain; the Decem- ':■ ber . ngnres were' the most favourable of the : ; year,vand-.induce the hope ,tha(v*business."-mavt : ': : S?."-- !' b fer eri ™g :in ■ ißritfihiv id is t.'certS'inly!' ~,-Miere...SShquld the recovery prove to heVmo'ro■ ;,. than /temporary,- ah improved demand'for "meatl -of ;,all, tends .mayobe anticipated.; Home : sup- ■>; plies .art-not--likelyito expand, while-North" .;-Americim exports may further contract. Prom ,:,Austral;?, New . ; .^eezing^works, :; ought: lo ishijf. ~.6ome: . apprecia]ble^nc, r .flaEi^lK.''thel.ou!p 1 -T™ -^ lea to *q?T e r"ttie^normalvlrowth/in and possibly Sufficient'/to::meet'ahT-> :«WP™repimt-indiiced.-by;.'the;;greate , r , /prospe"r.- ', BBef,;;on, j accpunt : of/. the: North- American post i^populanty,.:may/-maintain- theirVprices;: but well, the i,'W*\ ■^.I^^M.ithe^e^eat.Vgq..--'- ■';*.*" ■&" *;i;p ~ ? rffiMessM:v^eimuth/Sch*ar&and::Cd:r r ker : as /Jollow to the. prospects.of: the',;wool trade in the •.■:3urrent;year:— ; ;,:/;/ ;.;..,. v-v ~ )\v.. -.'-. ■;\ °?W ons are ■ Kreatly to'the' ;/ f robabe/total >Ne*- ZeS ~land;clip,,.many, estunates/even -assuming, ar ■:fef^;^<>^<'i>i,,there:seems::i :;httle, likelihood of : any decided increase/-.The. ~ tape;;shipments,,on-<;he;3pthefehaiid,v fill le ! •"•. : '*J?^! a^™B o ; tf^iP^ *ses 'more ;than/.Jeal.with:rfnvinci'easei'but>:probably,with , only. . ; -■Stocks,- moreover;- are?again:very , ;,:smali;: .fair.; demand, /and money is ,;,-ihea Pi and.;i.plen if«l,:;,Oß...the. V wliol^M, e n tl e ...outlook,ior.mcnno.wool:is hopeful. Huch, of .-:CO.ur.se, v; depends;pn-.America;.-If the present ,^ovemeilt;.continu M !'-in<librd:e'rs for wool and y toi rgoods; still ■ consider \ the ; present ( reasonahle:>leyel,'6f,jprices .as: assured. .-.-But,, even without .much Assistance" from•: the /.btates,;,the trade.should again be able to absorb ~; me,by .no. means likely, to . _;te. available:■without/any• decline in -prices"- ■■► '.■v/Crossbreds, too, seenxitpjiare reached a very teasonable basis.;- Aatn.jtting-yheir displacenlent ;;^.R^I,,9 uwt ers,bt merinos;: i;the;demandffould, still appear '.sufficiontly: general to .warA ■■ rant■ aj/cpntmnance of/presentiprices:'i-And the" ./.act;that so.large:a-par't of. the-'Home-clip has -been/, taken. -%;. the:UStates,should /serve , to ;/ strengthen:.- still : .;furtKer, a ; position ; - alreadv :,-.jound.intitself." /. 'V ; r,.jJ»i>iAiiit.i'''■.#.;■, • r '

>■ ■>; /^- ■: , :-4 , ;-;id?fe&ocE f SALEs^■'■■ - ' : , : ■ their.,,, : Martin.borougliystock' eale :: : ■.■M.eesrs.iPalgety^a::CoFLW'.r.!ep f o?t-'n S 4bl°' : . : rloiva-.-One of r theVmost, satisfactory .and «uc:i cessful. stock sales that ira have -conducted- , in , ■ : :.,the.-abpjre;'yards':■■for.--some; months- was held' >''.j(J^ r ? a y ,i ' w ' i « ii :'' ,f e ; eßbmittßd i ra , '.'yardine",-<)f : ; :;8238.6heep,and 4U head of: cattle:, BiiJeW yieW ■ :r .f'■esentjiD.;large numbers,: anaCb'&ding.r r igHt ; ;v : .hroug» wasgoodj and We succeeded in effectiiiE a complete clearance, under tUeihammer of all " jines_snbmitt*af ai'imlU ;■ VJot' o ',lambs, and a'.pen.of:wethers. ,The ijuai-' ■■j-ity. of:tlie._stock.offered:\Tas>much above the ;!•: averagel;this. especiallyjbeing' the case in regard ••• *?:!?"*- S e ewesftat we offered on. account, ■■of -Messrs.- if:iand-J.,Mlieod,riWlMiT:eponi>: were-,;-,:an..exceptionally :good- lot;: and 'most eatisfao-i ; v tory_.prices:wore obtatofi.f.or .the,eheep:.sold', ::: on Moonntof thesa^.cliente.';Wetli(irs ; were ; in .; good,demand!*andi.orie»lfaefe»f ■ ■': "t'onedi Vwell'growji : .2-tpoths,. mada' ' "iTs^'M , ~home, of :, #sers-Jl,^^^-515 £$ vWh a k e :; ,T)iinvlßl Wootliewes! *yearbid- ewes/ , ,155. : 9d ; ; :120-,5-year;:ewes,;:l4s.'-: sd; ; .ISO s.m < S , ! o^ On:a«countVof other clientfe'SOO' K to( ™ . (well. grown,: forward: sheep); ■;. 2,topth «wes (sinail),4le.'isd.^medium ! i : and 5- -■: yearr e\i'ee, :*om-:-10s;:'2dJ'-tp' I2s."' Very few : lambs oamie forward,-/ the -;" l"! e r, 10 5*, Bidding for cattle was not "a wteVso. : ;-,.piritedrbut fllmps,t (STery.;-]ine ■' :U. ; 7 ')'■ . ::^ y\i,?.:'ifi., —*- ; 'l*;*^"*;::; : ):-.^,V-; t -; ? :v.^ ; :' ■\:' "Mfcssrlj. .report. :;.■-. w • their -Paljgutarmi; 6al«"as'--fbUows'f-A':'lafg«: ■•' (ntry..ol.shtop-came forward, eyery pen beinit , -;. Moupiedj«-AU*tK6-sWep'retc^t ; Vo , v told ■ Tinder the - hammer.!■''•-. We" quote:-Ti7O-:,.iooth s wethers. Us ' ;103.v3d:• f.f.m:,ew4 9s. r: !°d- ■to 10Si5d; ;;f. D iV: , <J S: '; cull^ ,;.:-K.,Si.to '^;,-ir.onU r Jainbs,WS:,iaf;Vdulf- i lambs,-y-.49.8d.:t0 55. ; 2d;;.weaner5, ; :265.. r :,,•,,,;,. ; ., v 'i

The New : ■iLoinVsSi fesonoy Co., Ltd., report as follows:—At Palmerston North': yesterday we had a heavy yardinr Of both Bheep:andcattle,4nd.baye. to report.* total clearai|ce.of all'irn^r-'with'the^toception l of one pen -of- bullocks. .-We-Aquptei-Shfep'-' , Cull lambs; 4s.j es.,to 7s 6oV onll[ewes, is.; ewes,:7s. Bd.'to;Bs. iOd.; t tooth ewes,-.-12s: :ld.; forward to 11s. lid.i fat lambs,.Uβ. Cattle: 2-year heifers, to £2 65.;.19-mdnth heifers, 325. 6df.' 8-year «inpty ( heifers 1 we3,3s l ;.fat,heif.ers,<,e3-17.i.» cows, , I ;^Wj;4Ksprißguig-lleif<if3, i; -a3'l(le. : to £5 Gs.; springing, cows, £i 10s.; cows'^and 37s.j.yearlings, 25s.j.bulls, 345. to £3. •

Mews; , ' Abraham and ltd.; ■ reJor^-' At Palinerstpip ;'»a> yar^e/.we« : well fiUmijciVatli.ibb.tli.csheepi.fndfcattle/.jThe' , ehoeptenh*.cqn9istM'Pnncipally"of;agej;e\res;' for which.the.:demand;was not seeij'randSseve-' tal lots .were, passed . .Touue.ew"e'sß6ldreadil7. : .

Oattte;* wefe"not* "so ; "Keen* , of '"demand '"as": Ta te sales, owing, no doubt, to the dry weather. Quotations:—Two-tooth ewes, Us, to. 13s. 3d.; ;four; a«d six-toothyewes, 12s. 6di; to 135.; four /and! five-year: ewes, BsV:. 6d.v"toVlios. 3d.; aged ;ewes, :4s, r-|d. .to 6s. 7d.; smaUi';"4s.;, 2d. to :6s. •7d.}t sma\l>Vtwp : t.opth <>wes;;> Bs.'; %oolly lambs, 9s. 'Sd.'W'lOs.'i ' slidrn lambs, "7sl--'7d.; two and four-tooth wethers, 10s. 5d.; three and fouryear ".bulloobs, ' £S'3s. Gd.; fat cows, £3 ss; to .£i' "7s. ; ,6d..;.springing".cows;:;.£3; 12s;; 6d.; store cowsj '.£2 651.t0Y.£3; two-year steers, £" lls.';to .£2.185.; cows and calves, £2 6s. to £2 7s. fid.; weaners, 8s; 6d. to 10s.; bulls, £1 15s. to j!4 •10s.ilH-<^ ■^■> : - h : •■•■•■■■ : ■■-.- •"■ ;■;. .-••.Messrs. Dalgety and Co., Ltd., report:—At onr ■ sale ...yesterday.. there was a eobd'-yardirig of: sheep' and oattle. Wβ quote: Culli ewes, 2s; fid. to 3s. 5d.; s.m. ■ owes, 95., 9s. ;5d;;; ; tb■ 95.;-Sd:; :oilll two-tooth ewes, to 9s. 10d. ; sraall.-imxed-: two-tooths, Bs.; mixed-age'ewes, ;i(5.; 6a.:t0..65,.; s.mall ,tw,o-tooth wethers, 9s. 2d.'; (medinni"' lambs,- (Ss. sd.' to 6s. Bd.; rape lambs, id'., to Bsi 6d.; fifteen-months steers, steers, £i 55.; fat- and forward cows, i£3,ss. to -.£3 13s.'; fat cows, .£3 195.; ',fatj heifers, >:£ 3 185..; '-.'store cows, £2 6s. to'..£2 Bs.;.cows-»nd'calves,'.£3 55.; three and.a halfyear -.and four-year, bullocks, .£5 12s 6d.; lijjht; .;:. ; '; ; , .; .) ■ ■: XZ I%.THE;PEiCE^oF;FLOTJE:; / v : '•■'■.■ ■'~7,'-, .7, '-, '■'■ "■:-:<■' :'■ ■ Napier, l'ebruary 25. ■• : 'The'C.C. and D. C 6; cables', the : following quotations for .frozen meat;— Canterbury mut- ■ tDnir3{d.. : ;. ; Napier, Wpllinßton, and Nortl i Island, 3iil. ; - Lamb:'. First quality, new season's, 5Jd.; T 3Jd.; fores 2jd. ■ ■ .' " (BY TELEOKAPII—I'REJS AMOOIATIOH—COprEiOBT.) ([ ■;;:,;: (Kec.,February. 2s,. ?.45; r p.m.)«V- -.- .' O: 1 ; .-v .-';' ■ ■-,'.,''; Sydney, February 25. : :-• 'The:- price.:.'of: flour ■ has been raised ten shillings;•■■'" The iprice of- pollard has'been reduced ten-shillings. Foodstuffs generally• are easier owing to ;tb.e recent splendid rains.. > ■"■ .'. ' tSSOCTIAtIo'n.I' 7 ' '"' *- ■'•' w S , "*- , '] ! ; *,Dunedin.,.February 25. . hardening; of 'the , wheat market in London and Australia, with the probability of reflex, influence on. the New. Zealand >h'as : caused the directors .of the Flour Millers' Association to reconsider the decision .announced yesterday ..to'reduce the price'of flour by £1, per ton. Taking all the ' cir;cnmstances.»ißt6.:.cohsideratio: n,' they Have decided, to adhere to the old ■ tariff.:.: .No . sales-' 'were-,made:loqally.at : the reduced rate. ■'■.'■'.■' .;;V;•',;',-.-. V/TALLOW AUCTIONS. ;•/' i'| (nT,I«KHBAFH—PRESS AJUeOUTIOS—OpPrEiqHT.I r.vM'ii- ~'.,;•';> %<:%. jlM n <'P!>r February 24:'.:'.' .-.-:' At , the .tallow auction? 800 casks were offered ■and'l7s:sold'. ; .Mutt6n,'fine, 33s'.'-'6d.|' ! medium, Sis. ; 3d. /Beef, fine, 325. 3d,,\medium,: 30s; 9d. : '^:\'?z : M -'^HEAt.;:.Y ; :'.;;\ ,v; : - (P^jTiIiEbttAPar^PRESS.JIHOCUTION—Co'PTBIGn" , !.) - -.:'■•'.-'■ ■"■'•■-■. I'. . London, February 2&* ■Twenty-nine thousand quarters of South Austriliin , at'3Ss..9d. per quarter. ;" , ■fc'v.V' , - P l *? , 0.40 a.m.) vv \. : 'iS'tßfc'J' Febiruarv; 255" The price of wheat is advancing. Buyers, jfe-^d. -ts. v 4d. to ;4s.;*ld. : : - ' '--.• | :^r}' : -^mii!io^idm^&^ .;. • ■. | !(Dt.jjt,feoß4rii;.T*REiM, : :■> ' v .:■ -London, February-2a ; vP' ot '' ' 6»-' '3d.;; three ; months, ■ J857 2s. 6d.; electr.)lytio, .£59 5s ' ; ■ : '■''. i. ;.<'lin7^iipoti-,XJ39 f lSs;;.',tl^»»':ihonth'i l ''-ii32 ■■ • %ad,iiEl3^lls; ; sd.':'iper ton;-; ■.v'•■'.'•■.-■ : ■-.-;■■ :j- ; :;-vSilmv-JJw s.U.ver.iS:.quuted. at.23 7-lGd' per : ouuco-:iil:and;ard.ivij»V;H.y ••-.- y-.; ■'■:)■ : .^ Vi y. f ' ■(fe.T Ti[.KUBAP.H—ri'ESs/AKSOCIATIOK-COPTKiaHi). - ■ ,4s.- ld,A Flour;2s.;Cd.'j Aleerian, 1 2e.'4d. tp 2s. 6d. Bai-leyv-Cape, 35.,-Maize,,4s- to 4s. 3d.- Bran, £i 10s. Pollard, lQs f >- Onjonsr-Vietorian, j!8 ss. Butter,. pfel'?.?a4on,'i9}d:' :': ? - : . '■ J:' -,,■',". ■:■:'-'■. : •.-■■'■ 'Melbourne, February 24.V ->. Wheat;■.te.V.2d;-':-Flour, £9 to S i£9 OatsPrime 'Algerian, Is. lid. 25. : 6d?:; ;English;..3s. ■ Hd. to'4s.'' Maize; nominally 4s • ,sd. Bran, ll}d. Pollard,' Is. Id. Potatoes, £i 10s..to_:ja 10s. -,Onions, : ,: v .k: ■ :•' .-'*• : W-, : Hs 'Jv i^ 1 February 24.? 0 Wheativ4s:..fd..-. Is. 2d. ■Pollard, Is.; 3d.;. :. : : : ■ ; ■; .-. ■ ; ~:'• ;(Bt,.TEIEI!IIVI>n--PIIESS COPTaiaBTi) ;':.■.... ■::..:(Eec...February' 25, 9.45 p.m.) "":>." '"^^V-*^ , ; ": 25. -; Hide ■ supplies are small and the markot ia firm- There is special inquiry for New. ZeaJand..Ebrts.!';', ' ;. v •'.-' • 'X'-'-''"\ f :.i- ■■',■":: '.', ;■;': i. :::'■':, ;ST(DCK : EXCHANGE. ■■ •:, v;i. ;'i ' ■': Punedin,' February 25.- : Stock Exchange;sales are re- : ported 1 , Sun,./ £\ 15s.'; ■. TaUsman Con■solidated, iB2 ss.'6d/;-Duneditt,Stock'Excharire !Proprietiify> J .iE2 10s. "'■■' ■ . ■■-■*;