STOCK SALES.

Dominion, Volume 2, Issue 554, 8 July 1909, Page 8

STOCK SALES.

j ,' (By Telegraph.—Press Association.) . ; : V ;; ':; ; ;. Christchurch, July 7. .--At Addington. yards :the yarding of stock was .about' the• point of "numbers , ;as last week. Pat cattle, which included several .North; Island consignments,l sold ■ at last' ; week's rates.' 'Stores: .were without:; change and fat lambs , were easier.. Fat sheep showed; a rise :'on' last -week's : .prices. : Fat pigs sold -at 5 late rates, and there: was ■ good' demand for'.stores. ■■.Store sheep , formed.'a moderate;entry,chiefly composed.of wethers and hoggets,..and :,a ;few lines of ewes.. . There was practically no alteration in. values; ''All.classes,-and. especially.ewe hoggets, were in .fair', demand.. Average lines of hegetaof mixed, sexes made 9s. Gd. to 10s. 9d.;>small' and inferior;'(mostly halfbreds),' Bs. i,9'd. to<los. 6d.; and ewe .hoggets, up'to'Us. sd. Forward wethers told at. 12a. 6d. to. I3s. 3d, and low-conditioned and inferior lines; at 10s. •to Us. The best of the ewes wasja.line of two • four, and six-tooths,, which, made lGs. 3d.- Aged -lines, withVa fair , ' proportion of sbund : mouth sheep, 'brought .103. 3d., and'old• ; to;ißs. V . ■ '?' The ) yarding s of .fat lambs was smaller, thanlast woeK, '• and the quality showed. a' fallingoff, as; evidently all tho best of .the lambs have now been got away.' .There was a fair demand-for export, but prices were lower by about; 6d. per head, the decline, however, being • partly due to "a"' falling-off in quality. ■ ■..■'A few tegs made 145.. 3d.. to 15s. 6d.; ordinary freezing: weights, 125." Gd. :to 13s.' 9di i' 'and' light ■and 'Unfinished,-10s: to. 12s. ~' . ;■; .. ;;■ ■ The entry, of store cattle was an unusually small one, only about twenty coining forward. The demand was very weak, and poor, prices■ were realised. Yearlings sold up "to , ' 305.; and dry cows 255. to '£2 10s. 'p ,;. ; •'•:■ ' The entry of dairy cows, was a small; one, the majority,; being, useful sorts: of .a better ■class than 4a3been : ;..6ecn/;at; 'Addington for ya fewweeks. There" was a fair demand, bidding boing more free:than usual, and prices ranged from/ £3 10s. : to 55." .'•;' i .."■'■ ;: : - There was a good entry of piga and fats sold at rates, and. stores were in" better demand. Ch'oppors sold 'up'.'.to ' £i 10s.; heavy baconers,;'sss. to ' 645.;' lighter, , !'4Bs. ■: to 545. (equal to 4Jd. per lb.); large porkers, 40s. to 465. j lighter, 335. , . to 38s. (equal to sJd.' to 5Jd. per ib.J; largo stores, 1 30s; to 3is. 6d;j;mcdium, 20s. to 295.; and weaners, Us .6d. to 16s. '_ ■■■ The entry ,of fat sheep was: about equal to that of -last-'week in.'point of :numbers'; ■■ and quality, /wethers forming'.: "the larger ; proportion; 'Included in the'entry 'were.-several lines .of ewes from South: : ' Canterbury. There' was a good demand, and the shorter supply of "ewes caused : keener, demand "for wethers, which improved about 6d. to ls.Vper head in valnes, while ewes showed a rise of Is. to'ls. 6d. per head. A;fair quantity of wethers were, purchased for export, and buyers from; the •West Coast were also operating.'. The range of prices was:—Freezing wethers, 14s. to 16s. . 6d.; heavy .butchors' weights, 16s. 9d. -to 18s. 4d.; light- and (unfinished, 10s; Bd. t0.135. Gd.; merino .wethers, 13s. J prime .ewes,, 145.:;t0 15s. 9d.; medium, 12s. to 13s. Gd.; aged oud light, 10s. to Us-6d. : The supply of beef numbered. 330 head, and included a good' proportion of 'prime quality. Several consignments of steers, ■ and cowa from' the North Island were, of excellent quality. \ There wa3 a jjood demand • for • all classes, and prices remained without change. Local: steers made £6. 10 a. to £12 10s.; heifers, : jes'to'd£B 12s. Gd.; and cows, £4 7s. Gd. to £1 2s. 6d.; North Island steers, .£ll ss. to 10s;; heifers, 15s. to ill 10s,; and cows, ,£8 ss. ; to 75.. , 6 d. (equal to 20s. 6d. to;22s. 6;1. forprime, 19s. to'2os, for medium, and 17s. Gd. tolSs. 6d. for cow and inferior, per 1001b.). ■''■;.; ■••■'• ";. ' '■'•'' '•.'"'■■''■ ' Dunedin|;''July.7. At Burnside stock market 200 fat xattlo wore yarded, made 'up principally of medium bullocks, cows,-and heifers,:,with.a.fewr'pens of prime beef. Prices: for good' quality l bullocks and heifers wore much on a par ; with last week's rates/but medium and unfinished sorts suffered a decline of abont 10s. per head. Best bullocks, <£8 15s. to £9 17s. Gd.; medium, £1 10s. 10s.; to £5 10s. ; best heifers, £1 2si 6d.; extra, £8; medium, £6; unfinished, £Z 10s. 6d. to £5. . • .. Sheep—32sl yarded; composed of a number of good wethers with a fair. percentage of good and-medium ewes. At the commencement .of tho v sale prices opened about-Is. below last week for wethers, ■ whilst ewos remained firm. Astheeale progressed prices'.advanced until they reached last week's <levcl, owes showing a-.slight; increase. Best wethers, 16s. to 17s. .Gj.; extra, 18e. 3d.; good, 14s. 6d. to 15s. Gd.; inferior, 12s. to 13e.; best ewes, 13s. 6d. to 155.; extra, 175.; good, Us. to 12s. 6d. ■■,-■.■■ Lambs—2ooo yarded; a moderate yarding, the quality being :.good. rLato rates were main-! tained. B*st lambs,. 13s. to 14s. 3d.;,medium,' Us. Gd; to 12s. Gdi; unfinished sorts, up to 10s. gd. '■■ ' "■""' ; '- : ' .'"■ ■"• '• ":•' " Pigs—About 120 penned. Prices for all eorts were much on a par with.last week's rates. Suckers, 10s. Gd. to 135.; slips, 14s. Gd. to 18s. Cd.j 6tores,v22s. 6d.'to 275. Od.; porkers,'Bs3.

to 405.; light. baconors, 435. to 505.; heavy do., up to 60s. LIVE STOCK SALES. Messrs. Abraham and Williams, Ltd., report on their Masterton stock sale, held on Wednesday, as follows:—In sheep tho yarding was --email, consisting principally of. ewes in lamb and hoggets, all lots selling at markot rates. In cattle wo submitted several.lots of prime cow and heifer beef. The prices bid, however, were not up to ownors' ideas of value, but all lots of store cattle were sold at satisfactory figures. We quote:—Sheep: iiv/u iu lrmb (best), 10s. 7d.'to 135.; othors, 4s. Cd. to 8s; hoggets (poor), 4s. 10d. Cattle: beef cows, M 55.; empty cows (forward), £3 J2g'.; JJ. to-11-year bullocks, £i 12s. od. to .£5 10s.; cows in calf, £i 10s.; cows in uiilk, M l<ls. to .£6 2s. 6d. ~ : \ . ' , LONDON WOOL SALES. OPENING PRICES DECLINE 5 PER CENT. ■ \ FOR FAULTr. ' .:. ' ; ' (By Telegraph.-rrcss Association.-OopyriEht.) ■ \ .'■,. ~ London, July 6. The July series o£ wool sales has opened. There is a poor solection. ' ./,' .. , '.:■. Good average sorts 6old at par, and faulties at 5 per cent, decline, as compared with closing rates at the'lost sales.' .... . ' ■ . , POOR SELECTION OFFERING,' (By Telegraph.—Press Association.—CoDyrieht.) (Eec. July 7, 11.55 p.m.) . :'-. . .... London, July 7. There was a capital attendance at the wool sales. Business opened satisfactorily, .considerr ing the extremely rubbishy selection offering. Greasy crossbred were five per cent, easier. Good combing merinos barely maintained last sales' njuree. Faulties were five per cent, lower. ,-■ ".;' v .-.,■ .. . \ ~■':■'■■.■■" ■■•.. '. ■..■', ■;,; BROKERS' PRIVATE CABLES. Messrs.! Dalgety and Company, Ltd., report having received the following cable message from their London house, lUnder date July 6: "Wool sales opened with a large attendance of buyers and competition fairly ' animated. A poor selection is 'being offered,■■'. hardly'any merinos being included. As compared with the closing rates of last.series," shabby coarse 1 crossbred and elipe wools : are 5 per cent.' lower, other: descriptions unchanged. . •••■■.- Messrs. Abraham and Williams, (Ltd., have received tho following cable from London:— The sales have opened with moderate competition and a large attendance of!buyers. ..Tuere is a moderate demand for all kinds of wool. Prices are unchanged. Cnrrenfcpricos for North. Island farmers', lots, Palnierstori .-'. North stylei: Coarse crossbreds, 36's to 40's, average condition, 9d.;'to 9|d: per ; lb.j medium, 44's to 46's, average condition, IOJd. to lid;; fine, 50's, average condition, 12Jd. to 14d. ■ : . Messrs. Levin and Co., 1 Ltd., havo received thb-following cable from their London agents,, the National Mortgage and' Agency Co. of-Now Zealand, Ltd., dated , : London, July ;G:—"The wool .sales have-opened.with' a good attendance, of '. buyers, and. : American buyers are,operating freely.' As' eonvpared with, the. closing" rates'.of. the , lost series fine crossbreds opened:onV'a par,' show a. decline '.of. s'.per , cent;?' and' merinba and medium and /coarse ■ crossbreds a decline of from spar:-to s''per;eent.'' ■..:'■■. ,'!.■.;. The. United , Farmers';' Co-operative '■. Association, Ltd., have received, th.e following cable from ;their London..'agents,,.under ;,date July .6:. —Tho.fourth series'of wcol.sales opened tp-day, ! , and were wellr attended by .Home, Continental, and Amorican buyers. As compared'with .closing/rates of i .previous ' sales,■".'.. fine , crossbred shows\no. quotable ■ ;changel''.;' Medium and coarse, crossbreds show a decline from par to 5 per- cent... : .:.;'.-'';.■.■•■\---:'' ■'■'■■'>■:■" .'•■■ ■. .■• ■:.•<■:>■. .X ;■ Messrs. Mttrray, Roberta .and Co. have received thejollowing. cablegram from;their don agents, Messrs. Sanderson,; MuTray.;and 'C0.,-';dated'.-' , Julyi'-;;6fT-''The- sales 'have opened, with a large attendance and -good competition. , •Compared 1 with the' closing grates. of the'..last; series of Londonieales.vnierino,.snows,; par| -to. five,'per cent, decline, .'inferior description's' showing the greatest decline. Slipo coarse to : medium , crossbred shows'five per cent, decline; Tho. greasy crossbred market.shows no change, excepting, for inferior description of coarso crossbred, which' have declined five per cent;" The New Zealand.' Loan and Sfercantilo' Agency Company; Ltd., have received the following' cablegram from their' London house, under date, July G:—"Wool—There was a full' attendance at the opening of, the eales.to-day, .competition' : by American buyers' andl prices, .as;'compared, with thtf'close .ofcitho preceding series, ruled about.tho same,.-exoept for shnbby and wasty. crossbreds, which ■ are easier; slipe crossbreds, 5 per cent, lower. The opening catalogues .were fairly representative."

'■!• ;.•'■; THE DEPARTMENT'S CABLEi ~,. The Department- of Industries and Commerce has received .the. following, cable:, from tho High Commissioner^ dated London, July 6: The -wool sales commenced with a largo attondance and good competition, values at the same price as at the end of last sale, except for inferior coarse crossbred; which is Jd;- cheaper., Present prices ruling arei-rSuperior merino,, Id. to Is.: 3|d.; medium' l ■ merino,' Hid." : to'-Is.-' OJd.,- inferior merino, 9d. to Hjd.; fine; crossbred" (all grades), Is. Id., to' Is. 4Jd.; mediurii' crossbreds (all grades), IOJd. to Is. 2d.; coarse crossbreds.(all grades),. 7d.; ■■■';■.'■/: NATIONAL BANK OF NEW ;•'■;■'. ■■;■-■■. [.:,.2,EALANp.:. ,'■':■:'\ Vt ,:. ,' DOMINION'S FINANCIAL'POSITION.'.; (By Telegraph.—Press Association.—Copyrieht.) '"..,.' , .(Rec. July 7,. 10.55 p!m.) ■:, "-. . •, ■■'.'■'.. :•, ', ■' 'London,' July 7., , Mr. Robert Losan, presiding at the meeting 'of the National Bank of New Zealand, eaid the dominant ; nbte.in New Zealand during the last year had, been the financial stringency, which was mainly due to the.'reduction , in value of the Dominion's exports. Instead of there being a comfortable margin of profit to cover interest on loans,"-New. Zealand e'exports had done little more than provide the cost of .her imports. Recent steady improvements in the outlook justified the hope of an early- return of Now Zealand's ; acenstomed prosperity. .- '','■' ■ "■'■' PRICES OF METALS. ; . ; - (By allograph.—Press , Association.— Copyright.) ;■/■..*' . (Eec July 7,'11.55"p<m.):-;.:■■:.-■ - •:; London, July 7. Copper.—On the spot, 165.; 3d.; three months, £59 12s. 6d.;; electrolytic, .£6l/15s. per ton. ' ■■:■■■"■ • .'■■.-' .. Tin.-rOn the epot, £131 155.; three months, ,£l33' ss. per ton.- ■ " ■: -', ]■; v .; '",. '■'■;• Lead, £12 17s. 6d. per ton.''•'.' V- ' ,'.'■".-' ■'- ' ';.' '.. ' SILVER. '■ : : % ■ ;•■'"■' (By Teletrraph.—Press Association.—Copyright.) '.: ' '.'■' '".:-''.' .■::'.:'■,,'■■ •. I; iLondon, Jnly 6.: 'Bar silver is" quoted at 231 d.'"per diince standard. ..' . ; \; : ,;.-'.; '.•."■;. ; ". ' WHEAT CARGOES. " . ' (By Telegraph.—Press Association.—Copyrieht.) ; . ■/.. ': (Rec.' Jnly 7,' 11.55 p.m.)/ : . . London, July 7. Australian wheat cargoes sold at 45s.'and Ms. cd. . ■'. :..•:. • r ■■■■;;■ :■'-■■/' ... DEBENTURES; (By Telegraph.—Press Association.— Oopyrisht.) ..';..■'" London, July 6. Australian and New Zealand Mortgage debentures are quoted at £95. "'' ' -';.•• : DUNEDIN STOCK EXCHANGE. (By Telceraph.—Press Association.) ■■ , Dunedin, , July 7. Stock Exchange sales: Central Charltqn, 3s. (four parcels); Golden Bed, 9s. ,9d.j Waiotahi, 8s". 1 9d., 9s:, Bs. 9d. Sales reported: Waihi Grand Junction, £2 Gs. 3d.; May Queen, 3s. Bd. ; Waiotahi, ss. Gd. to 95.,3 d.; Westport-Stockton, ss, 9d.; National Insurance, ,£l-Bs.;9d. AUCKLAND EXPORTS. ' . ■ (By Telenraph.—Press Association.) ■ Auckland,' July 7. The exports from Aucklarid for tho quarter ended June 30 totalled in value: ,£733,892, an increase of .£71,803 on the corresponding poriod of 1908. Tho imports , amounted in value to £159,162, a dcclino of £10,450. . , . .