COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1198, 5 August 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. Two sales of Ohristchurch Meat at £16 each-were the only transactions recorded in investment shares yesterday. The buying and selling quotations were as under:— ■ Buyers. Sellers. v . , £ s. d. £ s. d. National Mortgage 3 10 0 — N.Z. and Hiver Plato ... 2 0 0 — Wellington Investment ... 0 11 6 — Christchureli Gas 9 12 6 — Feild;ng Gas — 12 6 Standard Insurants ... 11l l _ Cliristehurcli Meat ' 15 18 6 16 Z 6 Meat txport (£5) 6 7 0 — ileal Export .|s2s. 6(1.) ... — 3 5 D Kaiapoi Woollen (prof.) ... 5 5 0 — Well. Woollen (ord.) — 4 0 0 Well. Woollen (pref.) —' 3 16 Hikurangi Coal — 0 19 3 Taupiri Coal — j a u Westport Coal 18 9 1 'J 3 Kauri Timber (155.) — 0 16 7 Leyland-O'lirien 18 3 — Manning and Co — 4 6 0 New Zealand Drug 2 10 0 — X.Z. Portland Cement ... — 1 13 6 iVZ. Paper .Mills — 119 Taranaki Petroleum 0 16 6 0 17 0 LLOYD'S. Lloyd's had a, Bill before the House of Commons for extending the objects of the society. By Lloyds Act, 1871, the societv was incorporated and its objects declared The primary objects of the societv are the control and regulation of its members in the business carried on by them at Lloyd's. At the date of the Act of 1871 the business carried on by members of the society wa° almost entirely marine insurance, and the Act of 1871 was, therefore, confined to the carrying on by its members of marine insurance. Since 1871, and up to the present time, the business carricd, on by members of Lloyd's has extended to almost all elates of insurance business. It, therefore becomes necessary to extend the Act of 1871 so as to bring it into line with the business which is now actually being carried on at Lloyds, and so that the society can exercise its powers in reference to th« regulation and control of its members ill the business now being carried on bv them. Under the Assurance Companies Act I'M and by the regulations of the society' members of Lloyd's are required (in addition to the deposit of not less than ,CStCO mado by all members on election in respect of marine insurance) to fumi*!l security for their underwriting liabilities to tho satisfaction of the committee of Lloyd's, rither by making a deposit or furnishing approved guarantees, the guarantors at present, being other individual underwriting members whose respective subscription to any guarantee are limited to an amount prescribed by the Committee of Lloyd's. It is proposed by the Bill to enable the society itself, in lien of the individual members and under certain restrictions contained in tho Bill, to give these guarantees up tn a. prescribed limit, according to the extent of each guaranteed member's business. CHINA PROTECTS lIEU TEAS. The Government of'.China, has resolved not oniy to encourage the tea. trade by supplying information, to tho growers, but to proLact it bv ti/inuing tlie importation of

foreign-Frown teas. According to the Chinese newspaper "Gun Sin Lun Sin Bao." of Ilankau, the Chinese Minister of Trade has put forward tho following project as part of hi? programme for 1911:—"1. To send special Government ofticials to all teagrowing district:; to give full details about tire condition of the tea trade. 2. To stop the importation into China of any foreigngrown teas. 3. To lower the export duty on China ten, aiK 1 . po*:?ihly to increase the duty on imported tea." According to the "Ceylon Times?" the proposals have not yet been passed, but are under the consideration of the Government. All the Russian firms have protested against these suggested steps through the I'ussian Ambassador. Another suggestion if- to create a monopoly for Chinee merchants to.defll in China teas. It is declared that if theze proposals arc carried out it will have a serious offset on trade. but it is not thought that the most drastic of the suggestions will he adopted. WORLD'S PRODUCTION OF PIG-IRON. Of the principal producers of pig-iron the United States is easily first, her amount being almost double that of the second on the list, Germany. The latter country shows the greatest proportional increase, 14£ per cent., over the production of 1909. Great Britain's increase was 5.7 per cent., and that of France 13.7 per ccnt. The following tabic of tho pig-iron production for 19C9 and 1910 is taken from the "Economist":— Increase in Country. 19C9. 1910. 1910 compared with 1909. Tons. Tons. Tons. p.c. Inc. U. States ... 25.795.471 27.298,545 1,503.074* 5.8 Germany ... 12.713,554 14,559,590 1,846.036-14.5 G.Britain ... 9,664,287 10,216,745 552.458-. 5.7 France 3.488,632 3,968,746 480,114-13.7 Belgium 1,606,558 1,775,004 168,446-10.4 Canada 677,CC0 7<*0,210 63,120- 9.3 Sweden 436,000 94,752 158.752-26.6 Totals 54,381,592 59,153,592 4,772.000= 8.0 Wheras Great Britain has for many years made a large amount.of pig-iron from imported material, Germany has vast resources of ore of her own. How rapidly these arc being developed is clearly shown in the above table. BANKING IN AMERICA. Banking circles in America are evincing increasing interest, it is stated, in the proposals by Senator Aldricb to establish a central bank for the United States. It is clearly rccoguiscd that some such drastic change in the monetary system of the country is imperative, if the exceptional tension experienced every year at the period of crop moving is to be avoided. A strong endorsement of Senator - Aldrich's plan for monetary reform was given recently by Mr. MTeagh. tho Secretary of the Treasury, in an addres3 delivered before tho bankers' association of Missouri and Kansas. Tho lecturer pointed out that tho existing banking system of the United States was a disorganised mass, composed of 25,000 units, and that a central reserve association would bring them all into a workable organisation. One of the things nccessary to a proper banking system was a circulation always adequate and never superfluous, aud another great desideratum was a. reserve. The existing reserves had been established by law with great exactitude, but they were simply fixed amounts lof money in banks, held in useless isolation, so that when accommodation was . most needed financial facilities were not obtainable. What Senator Aldrich's scheme aims to do is to change the control lof the volume of currency from thousands of separate and scattered banks to a central agency, which would represent the financial institutions as a whole, and at the name tiino would protect the interest of the public. This is infinitely preferable to dependence on the decision of over 7CCO boards of. directors, who do not pretend to consider anything but the ■ immediate profit of their own bank. According to "Bradstreets" tho question of currency reform in the United States is fast approaching the region of practical politics. HAWIiE'S BAT PROPERTIES. ETC.; SOLD. The demand for farming aud pastoral projte'rties'in the Hawke's Bay and Poverty Bay . districts continue, and Messrs. Dalgety and Co., Ltd. (Napier and subbranches) report the following sales effected during tho past few months:—"Waircka" Station,' Wairoa, of 19.013 acres, on account of' Tombleson Estate, to Mr. A. B. Carmichael; "Mangatutn," Station, near Napier, consisting of 3459 acres, on account of the estate of the late Mr. H. Williams, to Messrs. Pampney Bros.: "Waiiti," Nuhaka, 1120 acres, on account of Mr. J. F. Wach6mann. to Messrs. Dauglas and Drummond; 5000 acres S.G.R. Poverty Bay, on account of the estate of the late Hon. R. St. Lcger, to Hon. Hugh St. Leeer: 2646 acres, Poverty Bay, on account of Mr. It. B. Holdsworth, to Messrs. Hair Bros., and Stafford; 1100 acres. Poverty Bay. on account of Messrs. Lee and Shaw, to Mr. L. M.- Davis; 722 acres.- Poverty Bay,, on 'isocount of Mr. A. Rattray, to Mr. G. I{. Sainsbury; 600 acres at Poverty Bay. «,n account of Mr. G. Witters, to Mr. M. V. Wilbraham; 2734 acres leasehold at Wairoa,'on account, of Mr. E.- L.. Kolmwood. to Mr. A. B. Oarmicliael; 2500 acrcs of leasehold, Wairoa. on account of Messrs. Hamilton aud Son. to Messrs. Gould and Austin; 715 acres at Wakarara, on account of Messrs. Carson and Barlow, to Mr. J. A. Macfarlane: 509 acres at Takapau. on account of Mr. T. Paget, to Mr. O. Orr; 374 acres at Pataugata. on account of Mr. R. M. Thompson, to Mr. J. I. Chrystall; 640 acres at Dannevirko, on account of Messrs. Reside and Sons, to Mr. O. Olsen : 516 acrcs at Dannevirko, on account of Mr. E. V. Warniington, to Mr. A. Logan; 387 acres at Dannevirko. ou account of Mr, S. Martin, to Mr. G. Carmiehacl; 164 acres at Dannevirke, on account of Mr. G. Thorcson, to Mr. A. Olsen:'l3o acres at Dannevirke, on account of Mr. H. Titchmarshi- to Mr. H. B. Stuckcy; 142 acres near Dannevirke. account of Mr. J. B. Logan .to Mrs. *. Englcbrelsen: 1612 acres at Te Horo, on account of Mr. J. E. Gear, to Mr. ,T. A. Fraser'and others. The total nrea of the above twenty properties is 44,084 acres.

COLONIAL AND OTHER PHODUCE. Wheat.—Tho markets are firm owing to unfavourable reports from America, and rather more inquiry, but buyers arc cautious. Threo Australian cargoes rold at 34?. Gd., and one at 345. Parcels for three ports, afloat, at 335. 6d.; August-September' shipments at 335. 7id. Chicago September shipments, 90S cents to 914 cents. Australian ou spot is quiet, at 365. 3d, Flour is firm, but inactive.

Oats are steady, lia Plata, 15s. IDJd. Butter—The market is very firm, with a good demand for Australian, but prices arc unchanged. Messrs. Weddcl and Co.'s annual report states that the imports of Australian, New Zealand, and Canadian butter for the year ended Juno 30 totalled 61.023 tons, and from foreign countries, 61,767 tons, the total being the largest on record by 3513 tons. The report anticipates higher prices for butter and cheese next season owing to tho drought. Cheese is firm. New Zealand, 695. to 71s. Sugar.—German beet. 88 per cent, net titre, Bd. higher, at 13s. IM.; first mark» granulated, f.o.b. Hamburg, 6d. higher, at 15s. Bd. Bradford Tops—The market is cheerful, and prices arc unchanged. NEW SYLVIA. The mine manager for New Sylvia, reports:—During the week the following work has been in progress. In tho old shaft, between No. S and 3 lot els, all the lining boards have been nut in position; also, a mullock pass at surface and one at bottom of shaft. It h now ready to send (Uliug down. No. 3 levol—The rails are laid into the bottom of tho shaft, and a start will he made on Monday cleaning out the south drive on the reef. Battery Lovel.—Stopping has been carried on from all the rises north of the. crosscut, and a steady supply of crushing dirt is coming to hand. The south rise is up 37ft. Tiic l'ecf i:: 3ft. Gill, wide and heavily mineralised. Low Level.—ln this level the contractors have driven 25ft. since sturtinc. a.nd is now 762 ft. from month of tunnel. This morning, a small leader. 2in. wide, was cut,'and t>,e country teems milder through it, and better progress should now be made. A telegram received on August 1 stated that a reef 3ft. wide had been cut in this lovel. Battery manager's report is as follows:— T commenced crushing on Monday morning, lint have had to stop several times to make defects ,which can only he ascertained when running full. In all, 90 tons have been crushed for 88 hours crushing. This I consider satisfactory. I started treating some of the crushed ore on Saturdav. and I hope, by Wednesday, to have tho proper treatment well in hand. I have not wired as directed, because the whole of the p'aii» is not yet in operation. The Inspector of Mines inspected the plant on Thursday, and reported everything in good order.

WELLINGTON MARKET KKI'OItT. Messrs. Lacry anil Co., Ltd.. Wellington report wholesale prices ruiiiip; on tHmarket as under;— Wheat. good whole 'awl's, 3a. lid. to 4s. id. bushel; oat= cq.-wI feed. ss. to 3f. lil.; rats, dim 3s. 2d t.i 3s. 4d.; oats. feed, whito 3s. 3d.; oat?, soed Alirorinn Victorian, 3=. 7d.; rye rorn, 3s lCd.; maize, 3s. 3d. to 3s. Sd.f fowls' 'imr. ley. 3s. 3d.: Cape. 3s. 6d.; crushed' rnn't 7s. 6d.; partridge pons, 4s. 6d. to 4s. M •' 'pollard, £6 15s. to £7 per ton; brail * t's 15s. to £6; Hour, Atlas .£9 ss. 6d.; chalT oaten sheaf, .£5 15s. to £6 55.; rice (lour £6 por ton; rice meal. £5 per ton; potatoes', tabic £4 ss. to £4 155.; potatoes, seed Up-to-datcs, £5 lCs. to £6 IDs. per ton- Northern Star. £6 10?. per ton; onions. £7 is • honedust. £5 15«.; basic slae, £4 ss. to *4* lCs.; superphosphates, £4 15s. to £5: oat-' meal. £4 10s.; rolled oats, in 4's, 9s. dozenchecse, medium sized, 6Jd. per lb.; cheese', loaf, 6Sd. to 7d. per lb.; butter, prime lnillt. Is. to Is. 2d ; fresh osks. Is. 2d. per dozen; honey, 56 s. bright. 4<i. per lblinseed nuts, 13s. per ewt.; linseed cake.' crushed. 13s. 6d. per cwt.; baron, sides 8d por lb.; bacon, rolls, BJd. per lb.; haras' 9d. per lb.; fowls, hens, 3s. to 3s. 6d • young roosters, j£. to 45.; ducks. 4s. Cd! to 55., all at per pair; turkeys, cobblers Bd. to 9d. per lb. live weisht; liens, 6d" to 7d.

THE .METAL MAIIKKTS. Tin.—On sunt. 10.-. higher, at £190 10s. per ton; three month*. JSIB7 lfn. Lead, .CIS 16s. 9(1. per ton. I'iK-iron, 3;d. lower, at 46?. BSd. per ton. Hpclter, 108. hiclier, at. .£25 l&i. Ncr ton. f'iisloms dutic? rollcelcd at the nort. of Wellington yesterday amounted to £1098 4s. BANK OF ENGLAND RETURN. Br Telegraph—Press Association—Copyright (Rec. August 4, 5.20 p.m.) London, August 3. The Bank of England rotsirn issued for the -work ended "Wednesday, August 2, is as under:— IfcsoE Departmrxt ! Notfllssu«». £07,110,000 Gov.dobfc ... £11,015,033 I Other eccurU I t'm ... 7.434.(W3 1 GoU ... 38.001,00(1 j £57,410,00;) £57rH0.W£} BANKING Department. Proprietors' Govt, sccnricapital .CM,533,000 ties £14,9G7.0M Public dc- Other accuriposits ... 7,971,000 Lie* 26,717.000 Other deposits ... 41.000*000 Noto9 27,206,000 Rest, 7-day aud other bills 3.476.000 Coin ... m 1,170.000 £70.050,003 £70,060,C00 The leading items of the Bank of England return afford tho following comparison j— Thiswoo'i Lastwook. Last year £. £ £ Bullion ' 35.C01.000 39.G60.f100 37,E5C,003 Reserve 28.376.0U0 30.422,000 23.403.tC0 Note circulation C0.3M.003 29.185.C00 29,058.000 Public Deposits 7.971.U0J 0,190,003 15,206,000 j Other Daposits 44.0C0.UW 4G.525.U0J 41,C0G,000 ; Proportion of | rcservo to ! liabilities ... 54.53 51.50 49.93 | GOVERNMENT SECURITIES. . The following are tho latest quotation) I for Government tecurities. with a com' ; parison of those ruling last week:— ! Variations 1 — compaied ! Pries. with • last wool;. £ s. d, i]% Imperial Consols . 78 0 0 2s.Gd.lowor ■1 „N.S.\V.l933Jan.-,Tnly 104 0 0 Unchanged 8$ M N.S.W.l'Jl3.»lar.-Sep. 08 0 0 30s.lower 3 ..M.S.\V. 1935 Apl.-Oct. 37 10 0 Unchanged 4 .Vie. 1920Jau.-July JOllO 0 Jnchauged 3§ „ Vic. llhU-li Jau.-July <JH 0 0 .Unchanged 3 „ Vic. Jan.-July t4 10 0 Unchanged 3j „S.A. 1916 Jan.-July Dj 10 0 Unchanged 3 ~S.A. ldlo Jau.-July WOO Unchanged * „QTdl9l3-:»4Jau.-Jnly 102 0 0 Unchanged 34 „ uTdll/Jl-UOJan.-July 0 0 Unchanged 3 6Q u 0 Unchanged J „N.Z. 1920 May-Nov. 104 0 0 Unchanged '*h „N.Z. 1940Jau.-July 97 0 0 Unchanged 3 „N.Z. 19-liApril-Oefc. So 10 0 Unchanged iia „ W.A.I9£Q-10May-Nov U7 7 6 Unchanged 3 ( „ W.A,1015-i6,May-Njv tfi 10 0 Unchanged Hi „ Tas. 1940Ja:i.-July 'j7 0 0 Unchanged 3 ..Tas.mj-10 Jau.-July 81 10 0 Unchanged BANK RATES OF DISCOUNT. The Bank of England rato was reduced on June 9 from 4 to 3 per cent.; on September 29 it was advanced to 4 per cent., and on October 20 to 5 per cent. On December 1 it was lowered to 4J per cent., on January 27 to 4 per cent., and on February 16 to 3i per cent., and on March 9 to 3 per cent. The Bank of France rate was reduced from 3$ to 3 per ccnt. on January 23, 19C8, and remains at the latter figure. The Imperial Bank of Germany on January 21. 1909, lowered its rate from 5 to 4i per cent., and on February 10 to 4 per cent. But on September 26 it was raised to 5 per cent., on February 6 it was reduced to 4£ per cent., and on February 19 to 4 per cent. lIAKKET ItATES OF . DISCOUNT. • The following are the' market'rates for best three, months' bills:— • London Paris Berlin rate. rate. rate, percent per cent, per cent. This week 2} 21 23 Last week 21-15 2J 2i Last year 21-16 24 3J ' Short_ loans nrc Quoted at li Der cent., as against 1J ner cent, last week, and 11 per cent, last year. I 3 lIETAL MARKETS. , By TeleirraDh-l'ress Association-CoDyrleM London, Aueust 3.' Copper, cash, £56 Is. 3d. per ton: electrolytic. £58 7s. 6d. Tin.—On the spot, £192 10s, per ton; three months, £193 15s. Lead, £14 -per ton. •

GRAIN AND PRODUCE. (By Telegraph—Press Association.) t Christchurch, August 4. lhcro has been more business doing in the wheat market during tho week than for some time past. This is conseaucnt upon merchants taking advantage of tho cheap freight ruling to the United Kingdom by direct steamers. Some 35,000 sacks are being shipped or are booked by vessels now on the berth. Tho Nairnshire is taking 18,000 or 19,000 sacks for West of England ports. The Ruahine will carrv about 12,000 sacks, and the Corinthic about 5000 sacks. The greater part of this wheat is being takeu from merchants' stocks, hut some purchases have also been made from farmers. A number : af lines have changed hands at 3s. 3d. to 3s. 4d; for hunters and tuscan, and 3s. 4id. to 3e. sd. for pearl at country stations. There has been a fair nuautity of wheat offering, and' growers have been more disposed to sell than they were of late. Thero is more fnauiry for oats, but supplies are difficult to obtain. There is no fresh development in tho chaff market. Potatoes are in better demand, as a- few orders are coming in from the north. Sales have been made at 455. to 50s. at country stations, according to distance, thero being a fair quantity on offer. Thore is a fairly large quantity of poas being shipped Home, aud consequently the demand has been better.

LIVIi STOCK SALES. Mcr.srs. Palgoty nr.d Co., Ltd. (PnlmcrMon North) report: -At our Palme;{.ton North .sale on Tliur.- Jay only a. binall entry of slock ramo I.) hand. Sheep were in good demand, and all lines were sold at murium at the following prices:—Sheep: l'our and six-year ewes in lamb, to lis. fld.; old ewe:« in Jamb, to 'Js.; wethers 10 fl * little: Empty heifers, i-2 Zs. 6d.; heifers (po.irj, in call', £2 1C ; <.; Nuxed weauert, 17s. 6d; two-year steers, Messrs. PaJgot.v and Co., Ltd. report on their e.ilo hold at Levin ycsU'ruay as fol-lows:-Wo had a fair yarding of both sheep a.nd cattle, which consisted principally of hoggets and springing heifeis. Hoggets were slightly better in price, hut wethers nnd ewes were hard to unit. We fiuote:—Ewes in lamb, 10s. Sd.: hoggets. I vs. 7d., os. 9d.. Bs. 8<1.; forward ewes. 12a., ' lis.; empty ewes, 65.; fat wethers. 14s. 4d., Cattle: Springing heifers. £5 17s. 6d.: store! cows, 325.; yearling heifers, 38s. 6d. 1 . Messrs. Dalgety aud Co., Ltd., report hav-1 ing held their fortnightly s-alc at Eketa- 1 liuna yesterday. Entries camo in in excess to advertised numbers, all classes of stock selling well. We quitted our whole yaramg cxcept ono pen of cattle, the re?i n th ! s i inc J ,ci "e apparenlly too I high. Hoggets, ss. 6d., Bs. 9d., and 10s. Id.; ln 0 "^ 01 , 1 ICs " sc i' ; '» latub . i 7 £ 5 ' n?'' cwcs lamb, ss. 6d.. 7s. 6a., 9s. 2ci.; hoggets, to Bs. 9d.; heifers 111 calf. £4 4s. to .£8 2s. 6d. ; empty ' co,vs 1" calf (poor), £4 IDs.; weanors. 355„ 38s. 6d. and £2. ilCEsra. Abraham and Williams. Ltd., ver Lcvm yesterday a medium entry of sheen met with a fair demand. hoL'sets particularly sellinE well, Several buyers were present from a distance. The cattle entry consisted principally of lots of cows and heifers. All beef sold readily at an advance on recent quotations. Good hogECts, Bs. fed. to 10s.; meclium lionuets 7s. to Bs. 3d.; small hoggets, ss. to Gs.; fat ewes, 13s. 4d.; fit wetliors. 14s. 3d. to 17= • forward empty cues, 7s. Id. to 7s. <d.; cull ewes, 3s. Sd.; litrlit fat bullocks, £8 10s.; i? J co,vs ' ss. to £5; forward cows. £3 Bs. to £4; store cows, £2 ss. to £3; springing cows. £5 10s. to £7; heifers, in weaners, 21s. 4d. to 265.; empty heifers. £2 Its. to £3 4s. Tho A'cw Zealand Loan aud Mercantile Agency Co., Ltd. (Feilding branch) report for the week cuding August 4 as follows;At Apiti on Tuesday we had a good entry of both sheep and cattle, the latter beiug chiefly dairy stock. Bidding for sheep and storo cattle was brisk, and wo sold ail lots at auction at good values. Dairy stock, however, were dull. Good ewe hoggets, 10s. to lis. 7d.; wether hoggets (good), lis.; wether hoggets (fair), Bs. 2d.; small i mixed hoggets, 4s. 6d. to 6s. lid.; f.f.m. ewes, in lamb, 10s.; two-tooth ewes in lamb, Us. 4d.; yearling heifers, 395..' £2, ; £2 55.; mixed wenners, 255. to 345. 6d.: twoyear steers, £3 165.: dairy cows. £5 to £6; i springing heifers. £5 15s. Wo had a clear- | ing sale on Wednesday on account of, Messrs. Melton and Son, of Apiti. and had 1 a good sale. Ewe hoggets, lis. 7d.; wether hoggets, 10s. 6d.; f.m. ewes in lamb, from , 7s. 7d. to Bs. lGd.; springing cows, £5 ss. to ! £7 10s.; cows in milk, £5 10s. to £5 155.; three-year heifers, in calf, £4 to £4 155.; I harness mare, £16 55.; four-year harness ! gelding, £8; half-draught yearling colt, £6 10s.; sow and Litter, £3; slips. 95.; spring | dray, £14 10s.; gig, £14; aijd a large Quantity of implements, timber, aud sundries made good values. At Vending yesterday wc- yarded 2000 sheep. Bidding at auction was particularly brisk, especially in tlio case of hoggets, which showed a marked rise, the presence of outside buyers being mainly responsible for this. Wo disposed of ail of our entry. We had only a small yarding of cattle, and disposed of them all. Ewes in lamb, ss. 6d„ 9s. 2d., 10s. 2d., 19s. 6d., 125.; two-tooth ewes in lamb. 13s. 7d„ 14s. Id.; cull ewes in lamb, 3s. 5d.; I ewos, 3s. Bd., 3s. 9d., 45., 5s 4d. ,Bs. 6d.; I wethers, 125., 12s. 6d.; fat sheep, 12s. 5d.; I mixed hoggets, lCs. lid.; cows, £6 17s. 6d.: weauers, 12s. 6d.; empty cows, 30s. to £2 10a.; yearling heifers, £2 25.; empty heifers,. £3 135.; yearling steers, 275. Mr. Newton King's weekly stock report is as follows:—On Wednesday .July-26, 1 hold a clearing sale at Hastings Road on account of Mr. S. A. Kemp ,wheu there was a good attendance. The forward cows realised good priccs, but the old and empty ones were not so saleable. Early calverij rnado £6.t0 £13 155.; later, £4 to £5 155.; old and empty,'£2 10s. to £4; heifers, £8 10s.; bulls, £2 2s. 6d. to £8; light draughts. £19 ss. to £26 10s.; hacks, £10; dray, £4 12s. 6d. On Thursday, July 27 1 held a clearing sale at Gordon Road on account of Mr. A. Faull, when there was a big attendance evidently attracted by the reputation of his herd. Bidding for dairy stock was very brisk throughout, the cows being in* excellent condition aud meeting with very keen competition. Pedigree Jersey cows, 35&gns. to 38gns.; pedigree Jersey bulls, lOgns. to 30jgns.; Early calvcrs. good grade, £11 tc £15 155.; Ordinary, £6 10$. to , £11: later, £4 to £6; old and empty.'£3. td £3, 155.; heifers, £6 to £7 10s.; .heifers, ,£3 55.,.-to £3 155.; horses, ,£9 to, £16V P;-B;'.Devdir'sows;/£4 17s. 6d.l'Brdfna-r'Jv-£3 2s.'6d.'to'£3 10s.: gig. £13 ss.:'dray,'£9 55.; roller, £6: lyno, harrow, £2 12s. 6d. Oii tho same day, at Tataraimakai I hold a clearing sale on account ol Mr. \V. Puklowsk},. after which I sold Mr. D. o\llara r s licrdJ There was a. big 'uttcnd«. ance, and'fair priccs were realised. On account of Mr. Puklowski, early salvers made up to £8 10s.; in calf heifers, £3' 12s. to £4 145.; bull. £4 155.; mixed yearlings, 395.; horse, £9 155.; gig and harness. £36 155.; sows, £3: porkers. 395.; stores, £1. On account of Mr. D. o'llara, early calvcrs mado £6 to £10: later, £4 ss. to £5 155.; very lato and empty, £3 to £3,155.: heifers, £4; 18-months heifers, £2 165.: weauers, 325. On, Friday, July 28, at Mr. T. Brown's clearing sale at Bord Road, early calvcrs made £6 ss. to £11 55.; later, £4 to £5 155.; heifers. £3 10s. to £5 155.: bull. £7 7s. 6d.; two-year steers. £3 15s. 6d.; mixed yearlings, 3is.; store pigs, 18s.; small do., lis. 6d. to 14s. 6d.; ewes, Es. 9d.: wagon, £24. On Monday; July 31, at Tataraimaka, I held a sale on account of Mr. J. Wilson, when there was a large attendance, and tho dairy slock (most of which was in good condition) realised good priccs. Early calvcrs, £6 10s. to £10; later, £4 to £5.105.; old and poor-conditioned, £2 10s. to £3 10s.: yearling heifers, good quality, £2 165.; cart marc, £25 55.: dray, £17-lCs.: gig. £10; plough, £5 15s.;' sows, £2 15s. to £3 55.; stores, 16s. 6d; sundries at usual rates. On Tuesday. August 1. at ltohotu. there was a fair yarding. Mixed yearling made 295.; yearling steers, 345. 6d.; yearling heifers, 325. to 3:s.'; 2V.vcar steers, £3 13s. 6d.; empty heifers, £3 to £3 55.; store cows. £3; forward do., £3 10s. to £4 55.; dairy cows, £4 7s. 6d. to £8 55.; do., on account of Mr. D. Owens, 15s. to £10: bulls, £3 10s. At Mr. N. Miller's sale at Omata on Wednesday there was a good attendance. Bidding , was keen, and the cows (most of which i were in good condition) sold well. Early calvers realised up to £15; later. £4 to £6; springing heifers up to £9: yearlings, 345. to £2 Its.; yearling- steers. 305.; hacks, £8 lCs. to £9. All sundries sold well. At Waiwakaiho on Thursday there was the biggest yarding which ha-s been sold for some time. The attendance was good, and bidding was keen, especially for dairy stock, which sold well. Mr. Chow Chong's herd (which was in rather backward condition) realised satisfactory priccs. Mixed yearlings made 31s. to £2 55.; empty heifers, £3 65.,t0 £3 95.; yearling heifers, Jersey strain, £2 10s. to £3 65.; SDringiug heifers, £4 7s. 6d. to £5 2s. 6d.; storo cows, £2 2s. 6d. to £2 195.; forward, £3 10s. to £4; fat cows, light, £4 10?.; dairy cows. £5 to I £11 10s.; bulls, £2 12s. 6d. to £4; dairy cows on account- of Mr. Chow Chong. up to £15 10s.; pedigree cov.*, "Rose May." 18cus.; red. bull "Dick Turpin," 19gns.