LIVE STOCK SALES.

Dominion, Volume 4, Issue 932, 27 September 1910, Page 8

LIVE STOCK SALES.

Messrs. Dalgcty and Co., Ltd., report having held their usual 'fortnightly sales' at Wanganui-onJSeptcmber 21, and at.-Waver-ley on September 23; The' report states:— At Wanganui /we had a good yarding of 250 cattle and a small yarding ■of sheep. Cattle* were . in l 'keen demand all .round, several good lines of : young steers which wo penned . being particularly well sought after, : and-prices for. this class showed an advance on late rates.- We had a'small yarding, of sheep, which sold. to. advantage. At' Waverley we had a smsill yarding of cattle and sheep, for .which, competition was limited, and though wo .finally effected ft good clearance, the bull, of the yarding was paesed at auction. We quote:—At- W.v nganui—Pat cows, £6 55.; forward bullocks, £6.;17e... 6d.; .3-year steers, £5 63.; 2*. to 3--year do., £5; 2-year. d0;,.£4 35., £4 10s. to £4 16s. Gd-: yearling steers, £3 35.. £3 7s. 6(1., £3 13s. 6d. to £3 145.; mixed yearlings, £3 135.; empty cows. £3 lis. to £3 165.; empty 2-year heifers, £3 145.; dairy' cows, to £5 10s.; dairy heifers, £4 15s. to ,£5-Its.; yearling bulls, £2 lOvj.; aged bulls, £3 14s. to £4 7s. 6d. Waverley—4-tooth wethers (backward condition), 17s. 3d.; 2-year steers, £4 7s. 6d.; yearling, steers, £3; weaner steers, £2 '9s. 6d.; small weaner heifers, 15s. to £2 2s. 6d. j store cows, £2 10s. to £2 165.; dairy <*iw6. to £3. .

COMMERCIAL ITEMS. STOCK EXCHANGE. ■ i -The members; of the ..Wellington St-ocU 1 Exchange, observed holiday ' yesterday. There are, consequently, no sliaro market reports. , SUEZ CANAL DtJES. •A reduotion of 50 centimes is to bo made in the dues payable on ships passing through the .Suez Canal, to take effect on January 1 next, from which date the. dues will be 7f. 25 c. per ton instead of the present' 7f. 75 c. on loaded ships. On ships* m -ballast the reduced' chargo will bo 4f. 75 c. per ton. While tlio reduction-is not, sufficiently .large to excrcise any marked influence on the trade through the Canal, it will bo warmly welcomed by shipowners generally who are recovering from tho long, freight depression.- During the yoar.ii. ( vcry strong agitation lias been proceeding for a reconsideration of tho whole question of Suez Canal, dues, and-it may be assumed that this reduction is tho result of some pressure brought, to bear on tho administration at Paris. The agitation was particularly bitter during tho negotiations between the company and the Egyptian /Government for tho extension of the. concession, and resentment will still be felt at the failure of the company to. comply with-the understanding arrived at in 1883 between tho .'British shipowners and M. Ferdinand do Lessops.' It : was then agreed .that when the dividend paid to the shareholders in the - Suez Canal Com- . pany reached .25 per cent, all. excess of income sh-ould thereafter. bo applied 'to the reduction; of 'the Canal' dues- until they were down to sf. per ton. The Suez Canal Company,'however, ignored .this agreement in 1904. by. declaring a dividend of 26 per. cent., and during'the last few years fixed dividends, of: 28 per. cent, have been ( paid. AUSTRALIA'S MINERAL OUTPUT. The mineral output of Australia for the year 1909 can now bo approximated, as the figures-for-nearly all the States: are. avail-. able. In 1908 the output was valued at almost .£25,000,000, 'and■\for 1509 the ,total is £23,368,530, as. follows:—

•Approximate. ■■ , . An examination of the' table indicates that there has been: a. shrinkage. in all the totals.Several .causes are responsible for. this. First of .all,! the coal strflie in Newcastle, late in; the year ,affected the production of coal, :and .told upon the .output of silver-lead- otcs at . Broken Hill, 'arid,- to a less ■ extent, on the .production of copper. Apajt from that, the Barrier output was ■ all'teted'by the closing down of lie BrokenHill' Proprietary imine: owing to labour; troubles: Then the prices for metals, such tis lead -and, copper,, being' uniformly 'loir, led to a; reduction in-the value of: ore won. The . higli price- of . zinc. can be.;.:set off against.;the; fall in. the .price., of lead; but. Copper,' which-represents-'very; .large item in our. .'mineral production, kept, for;.; the iiost part,:.at a lower -level than in 1908. The gold;output also showed a. falling off, the'return for 1909 bein5.2,957,8000z:, against ■3.075,00ff0r in . 1908. ,This meant a decline in the valtic, of the, production of .well on the. Avay to' £600,000'. .Af'tho 'saino 'timo it left the.Commonwealth .with.an..output of cold of, the'.value., of.some, 7 £12,600,000. .The moct. gratifying ? development -in.'connection'Xvith the i mining industry. was the expansion- of tho;zinc; production of Broken Hill. In: 1908 the value of. tlie output.was-£6C0,883, whereas for : 1909 the total-, was :£1,041, ■/Witli ■ the additional, plants coming into 'operation and, .the satisfactory ,*price - of-': spelter,'. tho figures for -the current': year. will, show 'a, etill. greater, increased Generally speaking; jt may be said that -for lead,, zinc;'. : and copper; mining .-.the outlook: is. encouraging, but. the'yield?' of'gold'and..tin, owing, to. the-working, out . of the old mines i.and the,' failure to develop'. new: properties, is less jencouraging.'- ..The : -coal ; mining ; industry .would have/ made :a-better showing,had/it not{ beenwfbri..labour troubles. . r; : ■.■--'NOTES. ,':';? /vO--N-Somb'i interesting'figures have just','been published by ' the United 'iStates,, Govern-. merit' with, reference -to the. ,shipment' of raw. cotton for the . twelve • months' ended: 'Juno'3o;last.,-The:avcrage price'-, per pound of 'cotton .exported . during. theV year -was 'iibo'Ut;:"7d;, - against f<l3d.:,--.in - tho previous (twelve months,'and 53d: : ,in-the-year before.! It . may be isaid that in ■: 1909-10,.,6,063,000 •.bales were'shipped: abroald, tlio value being ■£90,100,000.''1n 1908-9,- ■■ however,■; 8,577,000 .bales' ■were "cxported;:-and' -the ,value 7 amounted .to £83,478,000. V:> V---:"?"V- -;V. ' j i . The -followingresolution''■ .was.'-'-, carried' .at - the 'meeting of the; City- ' : of London JCommon Council/of' July, in> the opinion" of: this Court -it is undesirable 'that, members ? of: the.-• corporation should iusel their 'official designations :,of. alderman •or common.' councilman on prospectuses of companies-'of ..which- they a,i"o directors." - The.,-"'Wall • Street Journal" says:—The' automobile is important, not because'it is 'an i autoinomile, . .but bccauso: it .is ,a.'<Eo-. .'ductive: and delightful 7 toy,, which"appeals' more particularly to people who /have: not. 'learned.'.the habit of , self-denial... We .6eem to: : iTbe ', oongenitally ,an ■• extravagent.> and, wasteful t people. :, In■' 'the; period of . pro-' sperity : which set' in with', the flotation' of industrial":, combinations: .in "ithe past'.: ten .years, wo have' seeii' many fortunes made, ■ ■ almost-, overnight;~We ought to' havo start-' led to, &ave .money •at , the'-Itime' -of ;i the. ■panic Of :'1907. s Each of us' id' still'more extravagant than-.t-he other,:in, spite of'all. warnings. l "Whotare we that .we should tell :pur Jieighbour, that'-he is keeping an automobile on: a' bicycle income? Suppose, we offer; a cold; .disagieoable ; .fact..-:, A 'single automobile - company, arid . that by no means'; the: greatest, appeared-in, the New. York -monoy:; market, S with!: 1,000,C00 dollars': •of farm mortgages; and..famers'jriot6si:lt'; sought to' rediscount,- and was 7 emphatically/turned down.',. If anybody- -wants' to 'buy: an automobile just now .he.,can get 20 p.erl cent.' oil the list.pricc-for, cash,' and chooso hii'own ma'chirie; ;: Y>- • >•' '•V--.' , V( - Oustbms -revenue .collected at the port-of Wellington ; yesterday - amounted to £1975 2s. -M; XV ;'V".'v'-'' ■1 - ' WELLINGTON;' MARKETS.* \

'Messrs: Lacry'- and, 00., Ltd.,, Wellington, report wholesale' priccs rulinir on , tho'mar- : kets'^Wheat,,'fowl, ,35;.: Bd. : to. 3a 9d.V feed 23. sci ro' ?s, 7d.; dim' oats;' 2s. ?d ';to "2s..'Bd<; '.seed' oa,ts,\ 2s!' 10d.,' to '35.; 'Algerian, oats,S<2s. 7d..; to Zs.; 9d.; maize, 1 3s. ,3dr .to ■35. : .5 d:; . crushed;;- : malt','. : 75.; : b.arloy,.'2s. v9d.; Capo barley , seed,- 35.;. .flour, New £9 15s. to £10;' peas, ' Prussian' blue,v6s. 3d.; split,' '.£18; partridge peas, ss.y3d;.per busliol;boncdust, £5 15a.'; superphosphates, £5. to < £5. 55.; 1 basic' slag,- £4 lQs. : ;'..'. pollard,. £6.105.; .'bran,-.-£4 . Ss. to £4 10s.; pigmeal,'' £5 .ton 1 ;' pearl; barley;" 155.; chaiMoatonsheaf), £4'lss.' to ,'£s 10s.'; poto: toes, ; 'table £8 : ISs. to ; £9 ss.;' seed, . date's,'£7• 158.; onions, Yiotoriah, £8 ton; molasses fodder, £5 10s.; bacon (factory), sides-j 73d;; ..hahis, -,9d.;.'rolls, ~BJd.; butter, prima;' bulk, : 10d., to, illd;' ; -Poultry, hens, ! 35.-' 6d.; ducks, 'ss."to 6s'. per'pair;. turkeys gobblers,:! 18s. to 205.; hens, 10s. 1 to 145.; :fresh 'eggsi'ils: .to .lid,' doz.; cheese, s}d. per -lb; ;• Aka,roa machine-dressed cocksfoot, 7£d. per lb.;, farmers' dressed.cocksfoot', 6d. per 1 ,lb; ryegrass,.. 4s.'6d. -per' bushel;' Italian ryegrass*;'. ,45. : to'. 4s. 4d. per bushel; white clover, 80s. per cwt..- ' v'. - : LONDON MABKET3. V -''S. Dy.Telograpa-Prcss V London,. September 25.' -. Hemp.— I The' market" is steady','at £24 10s. per .ton.- .. ~ ...: "Copra.—There is [a . fair . business doing. South' Sea, in bags, £25 per' ton. . Cotton;— The. ' Liverpool . Quotation for middling'upland. American cotton'is 7.26 d. per lb. " THE METAL MARKETS. , ' By Telegraph--Press Association—Copyright. .London, September 25. Ooppor—On- ; spot, £55 Is;' 3d. per .ton; three.-.months,. £55 15s. 1 . Tin.—On spot, £158 2s. • fid. per ton; three months, £157 17s. 6d. : Antimony-is quoted at £8.. ,' HIGH COMMISSIONER'S CABLE. ... Tiio,'Commerce and Tourist Division of the . Department ,of Agriculture, Commerce, and, -.Tourists ■: has received the following cablegram'' from the High Commissioner, datett London, ' September 24. (Quotations, unless otherwise- spccilled, are average market prices ;on . spot);— 1 Mutton.-rThe' market is, firm, and j, advancing steadily. There is a general and activo demand.' Stoclris moderate. Canter-', buryi,: 4fd.;' North Island, . 4d. per lb. Lamb.—The market' is : firm, , in,,anticipation of small arrivals. Stocks pf lamb on hand are light. Canterbury, 51d.; other than Canterbury; 5Jd. per, lb. Beefi-There is : . a .hotter" demand. New Zealand hinds, 3Jd. ;• fores, • 23d. per lb. v Butter.—The market is ilrm for best quality. 'New.Zealand, a,small shipment ex Tainui,.':ilss. per,cwt.; Victorian; this season's, life, per cwt.; !Danish,: 1165.; Siberian, ,106s. per cwt. 1 Cheese—Tlio market is,'quiet, but Btcady, No . change in priccs, viz., Now Zealand, 575. ' per cwt. , Hemp.—The market is steady, there .is not much demand,', but prices are .firm. Now .'Zealand, good fair on spot per ton, £24 10s.; New Zealaiid fair -grade spot per ton,-: £21 10s. Fair -curreAt Manila spot per ton, £21. For.forward.delivery, at the same price.'"We output, from Manila for the' week was' 18,000 ! bales. ' GRAND JUNCTION MINE. Grand Junction telegraphs to the Wellington Stock Exchange ,as follows The North Reef, Martha Lode, No 4 Level, West, has struck The Fortunate. Tho width of reef is 12ft., valuo £1 19s. STOCK EXCHANGE. Duncdin, September 26. Stock' Exchango Balo reportedWaihi Grand Junction, £1 15b. Si.

;: ,19G8.; , J 1909. £ • • Victoria 3,031,045 . ' 2,970,768 ' New South Wales8,609,606 7,635,693 •• Queensland ............... ;3,844,477- -3,656,564 i West .'Australia 7,245,003 7,059,052. • Tasmania v.......... 1,650,GOO 1,576,453 ; South'Australia .1 .527,000 *470,000., . \\ • ~24.907 ( 131\ 23.368.530