LIVE STOCK SALES.

Dominion, Volume 3, Issue 804, 29 April 1910, Page 8

LIVE STOCK SALES.

Messrs. Dalgety and Co., Ltd., report:—' , At our Palmerston North sale yesterday a ] fair entry of both sheep and cattle camo ; Torward, and the majority were disposed j of at the following prices:—Aged ewes. 55.; ( empty owes, 10s. to 10s. Id.; cull wethers, - 9s. 6d.; fat and forward wethers, to Us. 3d.; small mixed weancrs, 225.; bulls, 355. to £4 155.; fat cows, to 45 2s. 6d.; empty heifers, £3 4s. to £3-10s. 6d.; 31-ycar steers, to £5 145.; two-year steers, £3 145.; cows, with - ■ calves, £4'los. to £5 2s.'6d. Messrs. Abraham and Williams, Ltd.', report on their Palmerston sale, held yesterday, as follows:—Wo.had a- large entry of both sheep and.cattle,,and. the inquiry .was good for all classes. The sheep consisted chiefly of aged ewes and medium , lambs, which met with a ready sale,. all ~ lines changing hands with' the exception ' of one small pen of ewes. We yarded several nice linco of bullocks, which met with, fair competition. On 'account of Mr.. A. Harding, of' Siberia, 60- threu-year bullocks i realised.. £5 10s., and 27 forward bullocks, < on account of Mr. P. A. M'Hardy, made £7 9s. We quote:—Sheep: Mixed aged ewes, ss. 6d„ 65., Bs. Bd., Bs. 9d.; ewes\ in lamb, ss. 6d„ 65. lid., 7s. 5d., to lis. Bd.; lamb 3, 4s: 9d., ss. 2d, ss. 7d., ss. Ud., 6s. Bd., 7s. 5d.; wethers, 7s. lOd. Cattle: Forward bullocks, j £5 10s. to £7 95.; 'two-year steers, £3; fat cows, £4 13s. 6d.; empty cows, £3; weauers, ; 18s.-6d. to 305.; heifers, in calf, £3- 10s.; heifers, in. milk, £2 18s. to £4 10s. '. Mossrs. Abraham and' Williams, Ltd., report on their Pahiatua sale of April.26 as ( follows:—We, had an extra heavy yarding of: both sheep and cattle, submitted to. a large attendance. We had good demand for wethers and lambs, but aged ewes. met j practically no inquiry. Cattle met a good sale. Quotations:—S.m. ewes, in lamb, 7s. 4d. to 9s. 7d.; medium wethers, lis., lis. 7d; to lEs.; forward wethers, 12s. Bd., ,135., to 13s. Bd.; lambs, 65., 6s. 4d;,-to.Bs. 7d.; . others, 3s. 7d. to ss.- 6d.; aged-ewes, in < lamb; 4s. 7d. to ss. Bd.; cull owes, 3s. 3d.; steers, £3 ls.-to £4 155.; store cows, £1 19s. , to. £2 10s-, empty cows, £3 13s. to £4 2s. 6d.; bulls, £2 75., £2 lis., to £4; springing cows, £3 10s. to £4 15s.'; weancrs, 245., 265., to 3Ss.; . empty heifers, £4 to £4 155.; bullocks, .£4 , 15s. to £5 12s. 6d.i springing heifers, £3 3s. , to £5 7s. 6d.; cows and calves, £3 10s. to ' £3 12s. 6d. v.--' '.; • COMMERCIAL ITEAJS. ''■'..'- } ' Sales were recorded yesterday of Bank of New Zealand at £9 8s„ and Taranalti Petroleum, at 14s. National Bank, buyers £5 t 125.; New Zealand Loan and Mercantile., sellers lis.; Wellington Trust and Loan, buyerß £7 25., sellers £7 45.; Wellineton Gas, new issue, sellers £2 10s. premium; National Insurance, buyers £1 -Bs.; South j British Insurance, buyers' £2 195.;~- Gear i Meat, £1 paid, buyers £2 135.; Meat Export, , third issue, .buyers £2 12s. 6d.; New Zoa- * land Shipping,- buyers £7 ,155.; .Union J Steam, buyers £1 125.; Wellington Woollen, ' ordinary, buyers £3 2»..', sellers £3 55.; preference, sellers £2/10s.;- Hikurangi Coal, sellers £1; Leyland-O'Brien Timber, sellers 1 £1 55.; New Zealand. - Portland - Cement. 1 bnyers £2 2s. 6d.; .Sharland's preference, I sellers £1 2s, :6d;: Ta-ranaki, Petroleum, 1 sellers 14s. 3d., \ . ' LONDON ASSUEANCE: ;'. 1 The report of-.the London Assurance Cor- ■ poration for, 1909. shows that'.the .firo pre- ' miums were' £660,936; the claims totalled -.' £269,052.-0r.40.7'-per cent, of the income, : and tho expenses - and commission 37 per cent. Out of-.the surplus of the year the ' fire fund was increased. from .£450,000 t0£520,000,. £520,000,. and the sum' 0f,£92,517 was. car- ■ ried to profit and iloss. The, accident pre- j iniumy., nerc-\£9066, and tho claims. £2914, ' this fund was. increased from' £5732 to J £8599. The, marine premiums,were. £308,781. ( The marine fund was increased from ! £280,000 -to. £310,000/and-the sum of £9542 was-.carried to profit and loss. ;The total assets -.were £4,447,996, compared with £4,218,525 at' the. close, of. the. previous year. ] .; "THE 'W.OOL,SALES. , ''.:.. Merinos continue to sell at .full opening rates at the London wool 1 sales; while 1 shabby.crossbreds;.are' slightly- easier. i Fashion is, now running on fine wools, 1 and presently the - difference' between lino 1 and coarse wools - will be wido enough to , attract attention to coarse crossbreds. In ( the meanwhile we-have.cause,to he satis- ( fled that there ia no slump in coarse wools. ( It remains,'to'be seen what effect the cot- ; ton famine will'have on the wool market. \ A pertain' amount of influence is bound.to , be exercised, and it must bo in-tho'direb- .1 tion of ■■.hardening prices.-. , '-.. \ THE COTTON.SITUATION. i Prom American reports the cotton situa- ' tion is' serious, but there is. tlie consolation' that reports' emanating from ■■■ tho United,-' States are invariably more or less exaggerated, and it hiay. turn out that conditions are not really as bad as they >, seem now.,••'Cotton-seed"usually.sold at £5 per ton is now'quoted at £20 to ',£3O by 1 the American oil mills. The, latter'' are in a position to quote their, own prices, as they are, no doubt, in possession of ' the-hulk, of tho available supplies. Furthermore, they aro entitled to specia! compensation, for by selling the send they lose the profits ,from cotton seed oil, disappoint customers and risk their trafle 'connections.. ' '. . . ' The shortage, of cotton. last crop . and 'the' prospect of a further- serious short- ! age this year will force Lancashire cotton spinners and brokers to face the situation. ■Lancashire must find ways and means of being independent, as much as possible, of America, and to that end the resources of other cotton-growing countries must be exploited. "Good authorities assure us," igaj's;.tha'■■:"Statist",..(London), '.'.'that. ;the • Sudan, can raiso cotton enough to more than supply the demands of Lancashire. So could Australia and sundry other countries. But the.fact remains that they do not raise it; and, what is more, they have not the population for the purpose. If every man, woman, and child in tho Sudan were set to. grow cotton, they could not turn out sufficient to supply Lancashire." Cotton seed oil has advanced in price, and , this has improved values in other directions, for tallow « firmer, and a good domand has sprung up for the oil of the soya bean. The soya bean has attracted a great deal of public notice in Great Britain during the ; past twelve months, and it was certainly the chief feature of the, British oil seed crushing trade during 1909. Manchuria was able to send largo quantities of the bean at a time when prices were ruling high for linseed, cot,ton seed, etc. Tho seed crushers and their customers-were not.'slow to realise the ;value of the new .product. - The oil was'' rapidly adopted by;th» eoap manufacturers: . for malting soft. soap, but it was found that although soya bean oil is a, vet> fair substitute for cotton oil; in the manufacture' of hard soaps, it necessitates tho employment of a larger proportion of-'ihard-fats than cotton oil requires.. The feedingcakes manufactured. from the bean have also met with success. They contain, on an average, 6 per cent, of oil, 45 per cent, of albuminoids, and 30 per cent,- of carbo--hydrates. Besides its uses in industry and stock-feeding, the soya bean has found employment as a constituent in flour for bread, and biscuit making, in milk substitutes, and in ■ coffee mixtures. It has further been estimated that one-third of the frying oil now used in London kitchens comes from this bean instead ot from cotton seed, as formerly. UNITED KINGDOM EXTEBNAL' TEADE. Tho - following report on the ' external trade'of the United Kingdom for tho month of February, 1910, has been received from th 6 Board of Trade, London :— - £ Imports ....; 51,158,000 ExportsUnited Kingdom produce 31,692,000 • Foreign and . colpnial produce 10,185,000. Compared with tho figures for February,' 1909, the totals show the following increases:— Per £ cent. Imports 690,000 or 1.4 ExportsUnited Kingdom produce 3,667,000 or 13.1 Foreign '■ and colonial ■ produce ....- 1,711,000 or 20.2 Owing to tho shortage in the cotton crop there was a decrease of nearly "three million ' pounds sterling in the value of raw cotton imported. The value of imports of grain and flour inoreased by approxl--1 mately £1,000,000. The activity in tho rubber market is reflected in an increase of £1,068,000 in the value of raw rubber lm- ' ported, and by an, increase of £570,000 in 1 the,value of re-exports of that commodity. I The more notable of the increases under 1 the head of exports were the following -.- ' ■ ' ''''.. £ , Cotton yarns and textile fabrics 1,102,000 Woollen yarns and textile fabrics 741,000 Iron and, steel and manufactures. • ■ thereof 377,000 ; Apparel , r. 274,000 i The imports from New Zealand included l the following:—Beef (frozen),:£4s,ooo; mutton (frosc-u,-, £181,000;: rabbits (frozen), ,' £12,000; butter, £261,000; cheese, £138,000; wool, sheen's or lambs'. £1,486.000; hemp, '■ £39,000; tallow and stcarine, £48,000. " LONDON STOOK EXCHANGE. > Tho London Stock ExchanEo year terml- ™ nated on March- 25, and owing to the recent enormous increase of business through I the rubber share boom aud the revival of - activity in the Bbodesian mining section, > tho applications for membership have f been more numerous than formerly, and one effect has' been to raise the price of Stock Exchange, shares, for evory now . member " must be a,'holder of' this security. There - aro £20,000 of,these shares with £12 paifi; , the liability on them is unlimited, and only members of the Stock Exchange enn hold them except those who acouired 3 them before Dcccmher 31. 1875,' and in that e case' the exeoutors or legatees of deceased :, mombcrs may hold sharcß although not members. -Otherwise tho shares must bo transferred'.to a memhe'r". within twelve ) monthfl'of tho'proprietor 'ceasing'to bo a .member or of his death,' bonkrnptoy, or

lunacy. The last dividend paid on' the shares wm an mtcriw, out ol £4 per share for the year just ended, while for the last completed year, 1908-9, £8 10s. per share was paid, and for the preceding year £10 per share. The present quotation of these £12 shares is £195. The value of nominations to the Stock Exchange, one of which every intending, member must have, .is £110.

CUSTOMS REVENUE. .Customs revenue collected at Wellington yesterday amounted to £1467 9s. 4d. LONDON WOOL SALES, v 3y Telegraph—Press Association—Copyright London, April 27. There is good sale for merinos at full opening rates. Shabby crossbreds are slightly easier. (Eec. April 28, 11.45 p.m.) London, April 28. At the wool salos clips realised as follow:— Waipuna, top price, 10Jd., average, 83d.; Clifford, top, price Wd., - average 13Jd. .. WHEAT. ;,.'■, London, April 27. The American visible supply of wheat is 52,094,000 bushels.. .. \ TALLOW. SALES. London, April 27. At the tallow sales, 805' casks.wore offered and 560 were sold. . Prices were unchanged. PEIOES". OF METALS. . By Telegraph—Press Association—Copyright (Eec. April 28;' 11.45 p.m.) ./ London, April 28. Copper.—On the spot, £56 55.; three months, £57 6s. 3d.; electrolytic, £59 per ton. Tin.-On the spot, £150 7s. 6d.; three months, £150 10s.- per ton. Lead, £12 7s. 6d. per ton. HIDES MABKET. By Telegraphr-Presa "Association—Copyright '-! • (Eec. Ap'ril 28,. 11.40 p.m.) ',' Melbourne, April 28. '. In the hides market good-conditioned lots were id. to 2d. dearer.. Other, sorts were-unchanged. : AUSTRALIAN PRODUCE MARKETS. By Telegraph—Press Association—Copyricht (Eec. April 28, 11.40 p.m.) '■'. Sydney, April 28. -. Wheat, 4s. Flour, £10. Oats, Algerian feeding, 2s. 3d., to 2s. 4d. Barley, Cape' feeding, 3s. Maize,' 2s. 9d. to 25." lid. Bran, £5. Pollard, £4 10s. Potatoes, Tasmanian, £5 10s. Onions, Victorian, £3 15s. Butter, 91s. to 96b. Cheese, 6kd. Bacon, 7d. ■ , Melbourne, April 28. Wheat, 4s. Flour, £9 10s. • Oats, Algerian milling, 2s. 3d.; feeding, 2s. 2d. Barley, •English,'4s.; Cape, 2s. Bd.; feeding, 2a. Id. Maize, 2s. 9d. .Bran, £5 ss. Potatoes, £3 10s. to £4. Onions, £2,105. to £2 12s. 6d. Adelaide, April 28. Wheat, 4s. Flour, £9 to £9 10s. Bran and pollard, Is. 2d., , MINING NEWS. ' - WELLINGTON SHARE MARKET. . The market was quiet yesterday. Waihis closed at £8 Bs. buyers, and sellers £8 10s:,Old Haurakie slumped to 35..9 d., but Talismans were steady at £2.125. 6d„ and, May Queens at • 4s; 3d. The sale's recorded were as under:— .'.-■•■•'■,.• :Komata Reefs, 3Jd. (third call). May Queen, 4s. 3d: (third call). ■ Old Hauraki, 4s. 3d. (first call); ,45., 3s. lid.-, 3s. 10d., 3s. Sd. (third-call). Talisman, 525. 6d. (third, call). . QUOTATIONS. . Buyers. Sellers... Sales, i . .£9. d. £s. d.. £a. i. Komata, Reals ..•0 0-3 0 0 5 O.U3J May Queen '0 4,'2 -0.4.'.4 04 3 Maofiland II (A. 0 0 6 — N.Z. Crown -.: 0 4 4'..—- — - New Sylvia 04 1 04 3 — ■ Old Hararaki ,0. 3 8. 0 310 0 3 9 Saxon ....'. -0 l'-7" 0 1 9 - Tairua Broken Hills 010 —; — Talisman 212 0 212 6 212 6 Waihi •..;... :....... 8 B\<o 810 0 — ■ Waihi G'd Junotion — 17 6 — Waitangi ' : 0' 2,4 : 0.2 6 - Watchman 0 1,9 . - — Blackwatcr • 1-9-3 — — - Con. Goldflelds ...... 100110 '- : Ross Goldflelds ...... 0 80 0 9'0. ; - STOCK. EXOHANGK. ■ ' <8y Telegraph.—Press Association.) |V'.' ' ■ • ..' Auckland, April 28. '. . '.Business done on.i.'Cnange to-day:— ' :May Queen 4a. 3d.! • . : Saxon, Is. 9d. , Sylvia, 4s. 2d. '.''.. Waiotahi,";3s. lldu-to • 4s. .4d.. ,\ ■Consolidated Goldflelds,-205..6d. Hauraki, 4s. Id. to 3s. lid. Crown, 4s. 7d; .'i , Tairua, Golden Hills, 3s. 4d. . Talisman, 525. 6d Waihi,. £8 15s. to £8,'.105. 6d..- :, Grand Junction,/.275. 9d.,. 275. 6d. ' Taupiri Coal, 20s: -.-■:'. -.•."'■■ ','''•,' . Kauri Timber Company, 16s. Yd. Union Steam, 335. .Northern Boot, 14s. 6d. The following sales were reported on the Stock Exchange this . afternoon :- Halcyon, 3d. '...,,.■ , May,' Queen, 4s. 4d„ 45,._,3d. 1 Golden Pah, 2d: ■ • •'":'■••;,' Old Hauraki, 3s. lid. -\ Waihi, 170s. i . .;• - ' Waihi Grand Junction, 27b. 9d. Saxon, Is. lOd. ft. Waiotahi, 4s: Id. :.. .Tairua Golden Hills, 35.:2 d. South British .Insurance,' 61s. 6d., New Sylvia, 4b. 3d! ;■;• i Dunedin, April 28. Stock Exchange sales:-"; t .. Talißman Consolidated, £2 12s. 3d. Reported sales:—' Rise and Shine, £2 6s. N.Z. Paper Mills, £1 ?s.4Jd. Milburn Lime (£1 paid), £1 12s. .; Union Steam, £1 12s. 6d.--Milburn liime (10s. paid), 16s. KOMATA EEEFS. (By TelcEraph-Prcss Association.) . Auckland, April 28. During the past month the Komata. : Reefs Company has crushed 1060 tons for a return of bullion valued at £1490. The, amount won from the mine to date is £347,145. • . '',■:■.,