INVESTMENT-SHAKES.

Dominion, Volume 2, Issue 587, 16 August 1909, Page 10

INVESTMENT-SHAKES.

,;< : .A sale-of : Bank'of - New ; jZealand shares at ' £S 45.. 6d;;-. was • reported ; Saturday.■• The .- .market was , ijuiot, and the; 'quotations were lih- •."•'.. changed. -'National 'Bank, sellers■ £5 Ss.; Bank '■'. '.'':' ■-' -of ;New Zealand,- sellers..£9 45.,- Wellington In-' ". vestment,-'sellers. 11s. 9d.;.-New"Zealand aiid '.• ■ Eiver Plate,-bhyers iil Us. 6d:'; Christchiiroh " : ' Gas, buyers: £d Js.V Feilding\Gas, buyrfrs -JBI, -•-;"■ 05.v..'9d.;.'.--Gisborne-,Gasi : .sellers'.v'i62; 125.; Pal-. " '■ .:. merston Gas; v .sellers.:iC7 155..;• Hokitika '"-.■.-. . .Gas, sellers■ ,£s':losr; "•National' Insurance, bny- • .. : ers Bs.'. 6d.; ■ South': British' Insuranco, buy. .".".- : '.ers, 425.y sellers ;.82 : 145.; Standard,'liisur- ■' ance, buyers ..£1 3?.; 3d.; Christclmrch;*l«at, '':.■; . buyers vGlOiOs.;-Meat Export, third issue; -eel-. . lers £3; JEaupiri 'C()al; buyers, £l, sellers £\ Os. 3d.; Weirtport:Coal, sellers £6 155.; West- . ' p'ort-Stocktbn;-,sellers:7s. 3d.; • Leyland-O'Brien . /..iTimber, sellers 3d.; Sliarland's ordiu- ■ , '■' iry,-,selleH,"-21s.i preference,-sellers 21s. Gd:..". : --.'i.. : ■. V' -THE MINING; MARKET. .■■,..-. ::'■ ■'. Quite-a'-nnniber-.-of sales,were.'-maile. il on Saturday, New.' Zealand Crown -and. waraf Ex- . ;' tended i'showirigi; an advancing '.fendency. Tlio Bales'recorded were as' underip J . .'. Dixon OoDsolidated,':l2Jd.; (second "'calD.'-V'/V'; " ;■ ■ May Queen,i6s.'- , -'ld.v(llrst..call).-» ■■•."-.;■■:''-'V'- '.-J Maoriland, Bja.\(flrst ca11).,-; 'W „ :'.:■;. ;'■':■?: '- .-.' N.Z: Crown, 7s:: 6d: (Second call): • •"■'.■■••. Talisman, £2'l7s. 6d. (first.call).'" ■■'.'■■ Wailii, £9 9s. (first call). . , ■'■■■■i.' ■" "Waihi: Extended, Bs. ,4d. .(first ' call), Bs. W. '.'.'(second call). . ■ ' : ...t ';'::. ■ :■' : ~ •-.'■ Waiotahi.' 7b. 3Jd. (flrot call).' .'. ■■' . The quotations,-with,,tho last recorded sales, '-' ■ were as nnder:—-. • -■'■'■ ' ■ . ■'.' ' '■'-■ • .'■.- :■>.■"■■ '.- ■■:■■'..'■ r"v .Buyers.- Sellers. .Sales. -.. . '-'"'■ .'■'■:■■ £e.d. £e..d. £a.d. : '.-•. Bendigo ■'■!".'.::..;....'....'.~...' 0:0 9'•o 1 0 -. : .Dixon Consolidated ... •— 0 0 11. 01 01 " Dominion : .................. '— ' .0 010 — ' ■ ,'Komata Beefs-- ..: -,008 - . . •' Kuranui: 01 .6 • 0 : l 9. . - ~ ,- Kuranui Caledonian ... 0 2 0 0 21- ■■' — ' May Queen ........'...•....■ 0 G 3. 0 6 4 0 6 4" ■"'.. Maoriland ■.:.........,... 00 8 00 9 00 8i V Mountain: King ......:.. — 0 110 ■..— -. ■ ■'•■■' N.Z. Crown- ~;:....:..».." 0 1 5 -o ; 7'7"■- i-0 -7. 5 •■'-'■' New Sylvia. 0 4 0. 0 4--1 ~ '-.'■'. Old Hiuraki :.... .0.1 6- - ,- - .-■ '■ Pride of Waihi ...: 0:1 ,3 .015 ~ ■ — -.- ■■ ' . -Eeliance ......:... 0 0 51 0-06 - — ■■ ..';. .- -Eoyal Oak ".. 0 2 11.: 0 3 1 -.' ■ i" Saxon ,1 .....: :..:.■......:. 0 .-2, 3 \0 2 4 -' •:■-. Tairua BrokenfHilte..; i 0 }.3>.l 0 3".«3 -.: : ' • Talisman ..:.'..:..:. 1 ..::...:...- 2 17.:0 .217 .6 217 6' -:■■"•' Waihi .V: .:,:.::.:...... 98 0 910 0 9-90' '""', Waihi Oonsolidatod ... 0 5 3 : "'. — .." —■ -. Waihi Extended 0 0 4 08 5 0 8 4" ■"■'■'.' Waihi Grand Junction 213 9 214 3 — ■•■' Waitangi .........;.... 0 4 2 "' — ■ ■'- . — ••. '. '■•■'-•■■ Watchman , - '..';■.........: 03 1 01 i> — ( ; '.■'.■ Blackwater • 1 9 0'•-..-— -. ' - •'. Con. Goldflelds -.... 1 3 6:140 — -. . 1 Now Alpine ;.. 0610 6 3 — .-■''■■' ■ 8058 Goldfields ■;•',— 016 6 -. - 'The course of sales during the past week was I ' : -as followsrjry.:"' .'., .'-.'."' ■ . -" ;■ i,r : . '• Dixon Oonsbiidated.'iOJd., IOJd., Bid.,"and HJd., :"-■' "Iβ:," Is., ls.OJd. • ■ . . ... • ,- !■' . Dominion, 9Jd. " - '.--.■,' . : . :.■'•■..■■'■ ; Halcyon, sd.'- ■• v •■■• '. -." '-- ■ f 'Koniata Beefs, 9d. ■ v.'- I .'! . :.'',• ..j.J I Karanui Caledonian; 2a. 2d. ; '..- ,' , ' : May Queen; 6a. 4d., 6s. 3d.. 6s.'>sd., 65.;6d., 6s. j 6id., 6a. 5J.d., 6sVsJd.,' 6s. 5d.;,65.v5d,, 65./'4d. ' !■ .-.-'■. ■: Maoriland, 83d., Bid. "'i; : -.■■■?'■■■ ■ I ■'■ ■■ Mountain. Kin/?, Is. "lOd. ■• ..•:-.-■ . . ,-.'. !. r = New. Waitaia,■.lβ. 3Jd.■ ■ ..- ■;.-'. : .- ~-n- >..." ... i'.. '" -.New' Sylvia,; 45.. 3d., 4a. 3d.. 4s. :!d:, i-Ib. . 4d. ■ ' N.Z Grown. 7s. sd. .-■'. ! Pride of Waihi, Is. 3d., la. 3d., Is. 4d., Iβ. 41d., i' . 18..5 d. :.'• - 1 ...".,-. ' .■ - '• . ■' . »"■' i Soyal Oak, 3s. • ■■-" " ; 'Saxon, 2a.'5d., 2s:-51d., 23. 6d., 2s. 6d..-2s. s}d., !s 4Jd. ; '■■:■■■■ < •■■ - " ■ ■ Talisman, £2' 18s. 3d., £2 175., £2 175., £Z 17s.- 6d.. / Tairua Broken: Hills, 35. , :3d.,'35.'V3d.,)'35.;:.4d.';:V-.-'. ; . '< "Victoria, 2s; '.■■'.'■■ ' V-. ; ' i .Waihi Extended, Bs.. Bs., Bs. Id., 8a.,,83., 89., Be., i " Ba. Id., 88. 2d., Bs. 4d., Bs. 4d. . ... ... , : • -.. i ■■'■■■■■::■ • Waihi . Consolidated.: 64.""3d. , ; "' Waihi Grand-Junction, £,lMs., £2 145., £8 14s. -." " "Waihi; £9 93.,'£9 95., £9 95.. ■ ■'■•■• Waiotahi, 7s. 5d., 75.-4 d., 7s. 4d., 7s. 3Jd. .■."■•.■■ -Waitangi,'4b. 4d., 4s. 2d. : " .Watchnian; 3s:, 39. 2d., 3s. • . :-. • ..- 1..." Don. Goldfieldsj £1 4s. i- ; ."..-.'•. '■:.'. '; ■'■; - ; piGJEON.-f. ;.:./■-. ■ -.-'".'.- ■'" Among' the industrial- metals, pig-iron'is're-i garded as the most accurate barometer .of the state of trade/ . It 'enters so largely 'into every !' phase of industry that it is naturally .quick to . register every movement." Pig-iron as-.the raw '.■ . .'product is subject to violent fluctuations at j" times when, the gambling in.'warrants is active, !• but allowing for this the price variations do ! indicate the trend of trade. The price'of pig- '■"■ : iron in Glasgow at tho beginning of the year i■' .e-tobd at £2 9s. lid. per -ton, and then began I a" retrograde movement which culminated in r the niiddla of March, when the metal reached ■!■'.' ■ its lowest level,' the price then being M Gs.,3d. : -per ton, a decline of 3s. Bd, in about, three; ' ■ months. A rising tendency was then exhibited, , i ; and slowly the price was advanced to' £2 9s. i;-. in-Hlie middle of June, but by the. first week i ' in. J.uly the quotation was back to. £2 Bs. per <■■ ton.' The'prices since then compare asunder:—: ; : : ' '■< - "■'•, •■:'" '■'■ • ■'•■:'- ' '■■ ■ Per-ton. ■", ■-.. •;:■■ :'..:"• ■"' . ."'i. '.•'■:" '.-■ £,s.i. : :'' !'". '■■"■:-. ' July-7 2 8 0 '."'.■' (: :■:■■':'■'■■ July 21 ..:. 2'B 9 \. :'-"■■•. ."- '--'J-' July 28 ......;.. .2:9 1 ." i .'■". August .4 2'-'9 .8.-. . ' h'\ :I August .11' ;.......:..; 210 2 .;.- I'-"-'' For the first time this year the .price has exi" ceeded 50». per: ton,'and the gain from the i ■ lowest level is. nearly is. per ton, more than ; " half of which'has been secured during the past five .weeks. The steadiness of the, advanci ! is.very encouraging,.and'there can.be no doubt ;; now.but that we are -witnessing' the beginning !•' ~ of another run;of industrial .activity., • ■-■';■ : BEITISH BANKING PROFITS., ! V Eecent mail advices indicate that the half- :: year just terminated has been unfavourable V to' British , bankers., Not only were lending I -:■ rates low, but the volume of,.business was I' eiiiolW and commercial conditions generally H opposed to profit-making. Owing to the wide i- : margin between the open market-rate and that '' • ',of the Bank of England, the difference-between 1 ':". the alloitance granted;bylbankers to depoatpra

ami the nmount obtained-by; employing their funds in: bills was only. 13si Gdi ; .per cent., -as compared' with 15s. in the second. half of 1908, and with ISs.'2d.'per cent, in-.the first, six, months of that year. Furthermore, the aver-age'rate-charged for day to day. money was £1 19s'."!-Id: per, cent.," as! against : £2:<Us. 3d. per cent, twelve months earlier; -,nnd an- equally material drop is recorded in-.-the ..average ,raU> on Stock Exchange loansr There ar.e signs of' improvements both in the trad,e : ,o.f the country: and in the demanjl for money,, but whilst inspiring bankers with , hope they :will not affect' ' the-'operations-~ of tli6.Jialf-year just closed/ Such indications, howoverT'nay induce directors to.deal more generou.'ly-with shareholders than the results of the six months' operations might warrant if unsupported by a promise of'better , times ahead. .Tins, of'courso, can bo managed by carrying forward .a smaller balance than :.usual/ and it -is. suggested that some slight re-' lief..,will accrue to the b.anks if they, leave shareholders, and their staff to.< pay income, tax theniselyes?6'ii their dividends and salaries. Insome instance-V-tjUS.|W>ld jinenn a saving tp> the banks on dindends alone'of'£ll,ooo, and a' corresponding gain in regard to salaries. Some institutions will doubtless..take, the stand that :;if"*ptoftts are jeduced ia similar movement ought : to ..follow,in;dividends, , ;ancbit,is wise,to'recognise periods'.of-de'pressibnS.in bankingVas in any other trading concern. ,-'■'.'

~-.'. ■ /-CHINESE FROZEN PORK.. ;.. . "■lt" was recently reported by' cablegram that a shipment of frozen pork from China had Reached the. London-rnarket. . According' to the "North ChinavHerald" of June 5,. this , novel" enterprise '.was ."■undertaken' by-the International Export .'Company, , whose refrigerating plant'is a large mqdefu, establishment built on the pattern of the best" American meat-pack-ing houses. The -paper adejs that a certain amount of mystery-, attaches to the Chinese venture, and goes -on to say that -. — _ Foreigners in Hankow have "* been repeatedly refused admittahco to the meatpacking .■eslablishinent,' which, has, been erected almost within Settlement'limits, and the public does not even know- who. are the promoters of the 'enterprise; ; that' they are a Chinese group of capitalists is-all that can. be ascertained. The ■scheme, however, is looked upon "as the open-ing-wedge .'of: a giant industry, for between the prices. of pork in China-and in London there'is a.:big" difference. .Even allowing for a. high rate ; 6f,:freight, there remains a satisfactory" margin -on tho shipper's side. .It is probable that a trial consignment of game will be Vnado at the same time, for the prices' of wild-garno" birds iu China are comparatively very-low, and it is reported .that the Hankow packing establish men t has been purchasing gatne nnd poultry Yo? export. The price of pork at Hankow; is under'lo cents per pound, or approximately 2d. In London it is about sd. That there is also a good margin , to.;bo made with ganiei poultry, and eggs may.lbe: : Eoenby the following prices:— i ■''.;.■■ .',!. ' London Price. Priceiu China. iPheasants .•.'.;........■.':'.;... 2 ejeowns- ' -'50 cents .Quai1.;,..... ~;,', Bd. ; . "-4 cents '.Snipe(i.. .;.'........■..-■- 6d. . •:■( .' :6 cents' •Duck5i'. ; .. , .!..':i1'.;;..'...'.';1'-fls. Bd. 35 cents 'Geese:. ..;'.:;:-'.-..'..;:'. : .:.;<ls. 0d.. : - . . Idol.". iEggs per d0z.''..'..;..:;. Is. od. ; .■ : - './"•Scents ' •", FROZEN MEAT: .. The -growth of the trade in frozen meat , from Argentina is illustrated by statistics on the question: published by-the. "Review of the 'RivervPlato'f Ex-, ports -of frozen, sheep ahdlambs for : -the first fire months of this year amounted to 1,710,690 carcasses, •as compared with 1,357,658 in the same period of 1908. During the whole of the latter . year oxports from ' Argentina totalled. 3.672.162 ' carcasses "• frozen-' sheep ' and v lambs, 1.579.163 quarters of 'froienlbee'f, and 789,348 quarters of chilled beef." Towards this total ■the La Plata Cold Storage. Coin pany Contributed 517,252 carcasses sheep and; lambs anil 477,156 quarters of-beef, whilst the La Blanca Company contributed' 126,482. .carcasses sheep and lamhs and 359,390 quarters- of beef. These two companies have recently been, acqnired by the American Meat Trust, hence'their output last year is of ■ interest, and enables an esti-mate-to be formed' of the hold the trust has obtained of the meat supplies of Argentina. , Commenting upon tho position of the London meat market at the end of' June, Messrs. W Woddel and Co., in their circular dated July. 2, states:—"Statistics of frozen meat importations to June 30 ; this year, as compared with tho. same period of 1908, reveal increases(from all■'sources) of no fewer than- 1,000,000 carcasses of mutton, 960,000 parcasses of lamb, and.224,000 quarters of beef; The course of the frozen meat market during tho past six months has been most disastrous from the point of view of sellers. Values of lambs have Steadily fallen all the. liiino. until. they have now reached a ruinously, low level, and, in spite of that, stocks have gradually accumulated to-.a most. undesirable extent. Mutton "has also gone through, a period of very low prices, almost the only recovery being that which took placo in small sheep during June. Short supplies and high prices of; fresh killed beef ultimately benefited refrigerated beef, and frozoh beef closes firm at the highest prices-. touched this year." .. ••■ .

' ■ : "• SHIPPING RJNdS. ' Details of the majority and; minority reports of the Royal Commission on. Shipping Kings have ctfxne to hand by mail. The commission was appointed on November'3o, 1006, to inquire into tne operation of shipping "rings" or conferences generally, and more especially into the system of deferred rebates, and to.; report whether such operations have caused," or are likely, to cause, injury to British or colonial trade, and, if.so, what .remedial, actions if .any, should be taken by legislation or otherwise. The commissioners in the -majority- report, express thenisolves as clearly of opinion that (the chief aim of the system'of shipping conferences and deferred rebates has been generally aohieved— Uiat iß.'th&t'tlio coniereaoa Uc«q:'uo-Kotmed

from the competition which might otherwise arise. As far us rates, nt least, lire concerned, competitive services lietwccu the linos'now in conference have censed to exist, and in general from outside lines -has been grently restricted. Tho system has tended towards and resulted in a monopoly, though u monopoly subject to considerable limitations. Tho minority report expresses tho view that the advantages claimed for tho conference and deferred rebate system , aro overrated in tho majority statoment. It is assorted that the system has created a monopoly on almost all the chic ocean routes, that it has kept up rates beyond tho open market level, iiijureM Iho "tramps — the strongest clement in the British mercantile marine—diminished tho ports of sailing,* l!> v cn .tho'United States an advantaso over the United Kingdom, and caused, in the caso of south Africa, a diversion of British trade. Ihe minority agrco with the suggestion of Board of Trade supervision, but urge wider powers ior the board" and a presentation to Parliament of. the-reports of all inquiries, with an animal return relating to shipping conferences. AH the commissioners aro agreed- that, assuming that existence of tho shipping "ring, it should bo under proper control, and with this object an extension of tho powers of the Board of Trade aro recommended. . Associations, of merchants should, it is suggested, be recognised and welcomed by the Government, and those having grievances should bo able, by adopting an agreed courso of procedure, to procure the intervention of the State.

NOTES. According to the American Iron and Steel Association, the production of. all kinds of iron and steel rolled into finished forms in 190S, including rolled forging blooms and rolled forging billets, amounted to 11,828,789 gross tons, against 19,864,822 tons in 1907, a decrease of 8,030,033 tons, or over 40.4 per cent. Of tho total production in 1908 about 10,590,3-iO tons, or a little over 59.5 per cent, were rolled from steel and about 1>238.419 tons, or a little less than 10.! i' per cent., from iron, as compared with about 17,064,736 tons, or almost S9 per cent., rolled from steel and about 2,200,0!* tons, or a little over 11 per cent, rolled from iron in 191)7

In celebration of the hundredth anniversary of its independence, Argentina proposes to liok next year an international exhibition devoted to land transport and its accessories. It is pointed out that the country is Mady aud anxious to accept the Inst, and- will-adopt 'it-pu a large scale without prejudice. No one is invited as a rival, for local industries have not yet reached a sufficient stage of development; but' a .market will bo open to all - latest improvements, to nil fresh contributions of capital and enterprise. It is declared that the existing 25,000 kilometres of railway lines will in another generation be'increased , to "100,000 kilometres. The metropolis, Buenos Ayres, numbors already 1,200,000 inhabitants; there are 1000. kilometres of electric ■ tramways;- underground and high-level lines are under consideration. ' , ... • , ••■

A consular report from Japan calls attention to the growin? market for machinery and Mols used in mining,- shipbuilding, and repairing, sugar refining, rice cleaning, cement making, and spinning and weaving. . The Imperial Foundry at Wakamatsu and the navy yard at Sasebo Med large supplies. Electrical appliances of all kinds • are : . -increasingly Leather,'drug.?, and chemicals are demanded in increasing-quantities. Great Britain and Germany lead, in the wool trade. .

.Experiments' are . being undertaken : with a view to the making of paper ..from the stalks of " kaoliang." This article, it appears, is already utilised bv the natives of Korea as food, drink,

fuel, and even as building-material, and [■ tht stalks have' now been found to contain a larger percentage of fibre suitable for making paper than is generally found in corn-staiks. A sample of paper manufactured from the kaoliang stalks at a Korean laboratory shows they are well suited' for that .purpose.- Further researches'- are being carried on in order to ascertain whether the process can be worked on u commercial basis. Should the experiments prove satisfactory, the .industry should possess immense potentialities, as kaoliang ; grows in almost inexhaustible quantities throughout the whole of Southern Manchuria.- . The Acting-British' Consul at Noumea reports that the , export of. guano from New Caledonia in ICOS was small, some 3000 metric tone, valued at about ,£.{500, being produced during the year.' There is ; a probability that •several other islands will be opened up during 1909, in which case the export/will be considerably increased.' Walpole Island, situated some 130 miles to the- south of Noumea, is-said'to ■ contain large deposits, amounting to about -300.000 tons, but tho. approaches are difficult; and there is no shelter for vessels;'the guano, .however, is of'a better-quality, and no doubt, vsays the uionsuh-means ■ will be found ",t© 'work •the deposits";-' , - L: " ; 1 -'"-' ' . ■■■ V-,' ;! ■ '. ".",'■ , Tho Amalgamated Copper Co., which controls the Anaconda, the Boston nnd Montana, and other large copper producing : concerns in the United States, shows very diminished receipts for the year ended' April 30. For the period mentioned,, the net income is equal'to-2.38 per cent, on the company's ~£31,200,000: outstanding capital stock, as compared with IM per cent, in the previous year. Production during tho term under review by companies owned sorely or in part by the Amalgamated,, from- tliei'r own aud customers' ores, was' about 231,000,000 lb. of refined copper, of which the Amalgamated Copnoi , Company received .the benefit of. nliont 199,000,0001b., against a total of 212,000,000 lb in 1907, of which tbo company received tho benefit from about 178,000,0001b. The report states"that during.most of the year the production run in excess of consumption, biit at the present time deliveries of the metal are about equal to the production. Sales hare'been made in sufficient amount to practically absorb tho accutnulnted surplus madp in the early part of the year, nnd the cost.por lb. of copper produced has been materially lessened. ■■:■ '. FROZEN MEAT. ' The New Zealand- Loan aud Mercantile Agency Co., Ltd., have received tho .following cablegram. from their London house under date August 13:— "Frozcu meat: Tho market for "mutton has a harder tendency; lamb weaker; beef (sides), market steady." MR. NEWTON KING'S WEEKLY AUCTION , . REPORT. ' ... ' At Stratford on Tnesday there was a fair yarding of stock. Mixed yearlings made 28s. 6d. to 335. 6d.; 18-months steers, £2 Ss.'6d. to £2 16s. Gd.;. empty heifers, £2 9s. to <£2 13s. 6d.j store cows, .£2 25.. to £1 133. Gd<; i fat cows, £i to J25 55.; 3-year steers,- ,£1 18s. 6d.; bulls,- £1 18s. 6d. to ]£i.,: On; the same day I held, my opening 'sale-of-springing hoifers for this season; there was ,'a, good .yarding, and fair amount of business done; at" tho following prices:—Forward springers," £i 15s; to £H; . rough" sorts 'and backward, '£3'.-'to £i 10s.; ,springing cows, SA\ 10s. to £7 -12s. Gd. - On Wednesday I held d clearing sale at Douglas on account of Mr. W. 51. Goss. There was a good attendance of buyers, and bidding ■' was biisk throughout. Early calvers made .£6 ss. to .£8 155.; late calvers, £i 10s. to .£5 10s.; mixed yearlings, 25sr; horse, .£l2; mare, ,£1B; sows, and -.litters,. .£2 .ss. .'to .£5 2s.- 6d.; v st.ore ■.pigs, 1 17s. On account of other vendors, cows, £5 to £W; springing heifers; .£5 ss. to £1; 6-tooth to f.m. ewes, 9s. 2d. The same day I ueld a sale at Eahotu on- account of str. H. A. Mills: Early calvers made .£5 10s. to £9 155.; late calvers, and empty, £2 7s. 6d. to £4 10s.; mixed yearlings, ,30s. to 30s. 6d.; springing heifers, grade Jerseys, £& 155.; empty heifers, forward, £2 10s. 6d. to ,£3 65.; sows, .£3 2s. Gd.; store pigs, 12s. 6d. to 20s. '.' Sundries sold well at usual rates. On Thursday I held a clearing sale. at Warea on - account of Mr.- "VV. M'Lachlan, when: there was attendance. The cows were a good lot, and made excellent prices, ranging from £6 ss. to £W 55., the wholo herd of 53 cows averaging £1 4s. Gd. per head; bulls, <£G 10s.; wagon, 215.; spring cart, .£7 10s.; gig, .£ls 155.. Sundries and furniture sold well.- I also sold at the hammer the farm of 200 acres, Mr: Chas. Sole being the purchaser at <£13 10s. pel .acre. FEILDING MARKET REPORT." Messrs. A. H. Atkinson and Co.', Ltd., report a medium yarding of pigs and poultry in full supply, prices being fully maintained at late high rates. There is no quotable change in'potato values,"-the supply still being in .excess of demand. Pigs: Slips,' Us.,: lGs., to 17s. 9d.; stores, 13s. Gd., 21s. Gd.; to 243. 6d.; light porkers, 275. to 30s. Poultry: At each—Hens, Is. Gd., Is. 7d., Is. 9d., to 2g. '2d.'j'-roosters, Is. 9d.,15. lid., 25., 2s. 3d., 2s. Gd., and up to 2s. 7d.; P. 8., 35.; ducks, 2s. 6d. to 2s. lid.; dogs, ss. Produce, etc.: Mangolds, 12s. Gd. load;' peas, 20s. bag; oats, Ss.. Gd. to 10s. j bran, Gs.; barley, 95.; wheat, 175.; ryegrass, 4s. a.; sacks, 4s. 3d. doz.; hay, 3s. Gd.; dessert apples, 95.; onions, 3d. to Id.; potatoes, 75.. to Bs., prime 10s. 6d.; carrots. Is. 3d. to 35.; swedes, Is.; marrows, 2s. 6d. to 2s. 9d.; pumpkins, 3a. od.;. cauliflowers, 2s. 3d.; cabbage, Is. Gd. Mining news will bo found on page 5 of this issue. •