LIVE STOCK SALES.

Dominion, Volume 5, Issue 1398, 26 March 1912, Page 8

LIVE STOCK SALES.

Mcsct;. Dalgcty and Co., Ltd. (Palmerstou North), report:— At our usual weekly eialc at FcildiiiE on Friday we had a. pood yarding of both sheep and cattle, which sold at the following prices :-Sheep: liapo lambs, 95.: aged ewes, 7s. Id. to 7n. £tl. and 95.; 4. and 4-year ewes, Ks. 5(1.; 2-tooth ewes, 14s. 6d.; 4 and 6-tooth ewes, to 17i= 3d. Cattle: Woaners (mixed), 17s. 6d. to 365.; ID-months heifers, £3 15s. • 6il. • weaner heifers, to £2 6s. Gd.; heifers, to £4 7.=.; raw.:, to £4 Is.; fat cows, to £4 Us.; bulls, Ms. to £2 12s. Gd. Messrs. James Macintosh and 00. report having held on Saturday hist, in their Wiiipoun (Maslerton) eal'e yards, on behalf nf Messrs W. Straus, W. I). Wakon. Jii?. Straus, ami K. J. Dagg, one of the most successful horse sales that has been held in the district Cor several years. Buyers were present from nil over the district, and also from Wellington and I'almerslon. and bidding was brisk throughout the sale. They report a clearance at the following prices:—Draught marc, £« 10s.; 3-year draught, geldin;;, £19; iialf-drausnt umrc's foals, £14 10s. to £14 15k.; liurnec-5 horses, asctl, £3 155., £5 55., to £28 (which Mr. Watson's Jim .lint realised); unbroken light horses, 3 and 4-years-old, £7 to £8 15.-.; light mares and foals, £4 12s. 6d.. £10 15s. lo £14; drv brood mares, £6 to £8 IDs.; 4 and 5-ycar-olil mare., and geldings, only broken to saddle, £9, £10. £11 10s.. £13, in £16 le*.; 2 and i-yonr-old half-drauiM fillies and iddinsc. J3loe. to £14.

COMMERCIAL ITEMS. . INVESTMENT SHABES There were no transactions in invctniciil shares yesterday. The buying aiid fiolliUK quotations were as under:— Buyers. Sellers. £ (! d c * d Rank of New Zealand 11 6 0 ~ — National Dank — 518 0 N".Z. and Hiver Plate ... — 119 9 Chri.stehiireh lias — 9 5 0 Christchurch Heat - 1512 6 Meat Export (s:s. 6d.) 2 17 6 2 19 0 K.Z. Shipping; '. MOO 15 0 0 Taupiri Coal 113 Me.-tport Goal 17 0 17 6 Tariiigainiitu Tolara 2 7 0 2 S 0 C. M. Jlanks, Ltd - i o 0 Crown Brewery _ t ]5 0 Donaghy Itopo and Twine - 12 6 Golden Hay Cement 14 6 15 0 Miviiniii? and Co - 4 11 0 XZ. Con. Dental - i i 9 bharland s ordinary - 146 TARANAKI PETItOLE I'M. The prospectus of the new company is now in course of preparation, and is' expected to be available for issuo after taster. This document will be identical with the one to be issued in London, mill the same procedure as to the application for shares will be observed. Kroni the promises of support already received, there is every indication that the chares will be over-subscribed. THE MONEY MARKET. The returns of the Bank of Eugland lart week did not exhibit much change. The Uovcrnnicnt deposits were much larger than in the previous week, and this is to 00 expected, because during the current month the income tax is payable. The period of easy money is approaching, aud Probably as soon as the coal strike is ended, ami business resumee, lliero will be a decline in rates. It is also very probable that the year will be one of iiuict trade. The disturbance caused by the coal strike has yet to be felt, aiid its ellect must be to cause an appreciable shrinkage of British trade. America is al.ected by the political situation, tins being the Presidential year, and already there are reports that trade is very dill. In .New Zealand there are complnintJ'ol quietness, which may or may uot prove to be a temporary affair. Three of our prin-wpals-the Bank of New Zealand, the National Bank, and the Bank of New South wales—balance their books at the end of the month, and this may possibly account for the dullnc.-s, as it is likely that the customers of these institutions would fcr not to enter into engagements just now. After taster, when the holiday season is over, bank balancing done with, nnd the political situation a, little more settled, a change for the better may take, place. EXPOKTS OF PRODUCE. The values of the principal products exported from New Zealand duriii" the first half of the current month, compared with the figures for the corresponding period of last year, as compiled by the Department of Agriculture, Con'm-rcc, and Tourists, are as under:— 1912. 1911. £ £ Butter i«, 269 10.0,583 Cheese 147,660 126,220 Beef 16.5E0 3i,?57 Mutton-carcaeses 96,258 113,881 Mutton-legs and pieces 4,299 6,117 I'iimb 160,911 199.320 JJhoat 452 3,681 Oats 9,057 9CB Potatoes )14 179 Hemp ' 30,741 7,132 Tow 2,306 1.7C9 Kauri guni 15.1J7 21.523 Grain and pulso 2,409 5,365 llops 2« 65 H'des 4,540 7 , £69 y«na 33,232 37,8<U Tallow 26,502 41,745 Timber 23,614 12,120 Wool 908,923 450.H6 Gold £6,£03 130,643

1,685,253 1,333,216 There is an increase of £552,C37, mainly owing to the very large increase in wool which has been delayed in shipment owing to lato shearing. Customs duties collected at tho port of Wellington yesterday amounted to £10,774 HIGH COMMISSIONER'S CABLEGRAM, The Dcparmcnt has received tho Following cablegram from the High Commissioner for New Zealand, dated London, March 25, 1912. (Note.—Quotations, uniera otherwise specified, are average market prices on spot):— Goneral.-No change in strike. Jlutton.-Therc is a better demand, especially for light weights, which are scarce. Canterbury, a unall supply, nominally 4Jd. per lb., North Illand 33d. per La.mb.-The market is firm. The supply of Canterbury falls short of the demand. Nominally, Canterbury, 5Jd. per lb.; other than Canterbury, s}d. per lb. Beef.—The market ia firm. Stoclte of ?>ew Zealand beef on liiuid arc light. Supplies of American chilled beef are small. N.Z. hinds. 4d.; fores, Sid. per lb. Butter.-The market ia quiet, but holders are firm. Stock is moderate. Tho average price for the week tor choicest N.Z. butter per civt. is £6 75.; Australian, £6 35.; Argentine, £6 25.; Danish, £6 165.; Siberian, £6 6s. per cwt. Cheese.—The market is quiet but firm, a small supply. Tho average price for the week for finest N.Z. cheese per cwt., £3 14s. 6d.; En,-]i.=h Cheddar, £4 12s. Hemp.—The market is quiet, small business doing. Spot-N.Z. good fair grade per ton, £21 IDs.; fair grade, £20; fair current Manila. £21 10s. Forward shipment—N.Z. good fai!r grade, per ton. £21 15s.;' N.Z. fair grade, £20 55.; fair current Manila, £21 15s. The output from Manila for the week was 26,000 bales. Kauri Gum.—The market is very quiet, nothing doing. Nominally no change in prices. viz.:-Dark brown Eolected, reserapod, £6 to £7 10s. per cwt.; dark brown 3s. 4d.; scraped, £4 ss. to £4 15s. per cwt.; dark brown chips, drosty, £1 ids. to £1 15s. per cwt.; rcscrapetl pale amber, £10 to £12 per cwt.; three-quarter pale scraped £7 to £8 per cwt.; diggers' chips, good, £2 se. per cwt. Stock, 132 cases. Wool.—The market is firm, with improved demand. Current quotations for Bradford tops:—36'e low crossbreds, Is. Id.' 40's low crossbreds, Iβ. Hd.: 44's medium crossbred?, Is. 13d.; 50's halfbreds, 15..5 d- . quartcr-bredc, Is. 7»d.; 60's merinos, 2s. Old. FROZEN JIEAT QUOTATIONB. By Telegraph-Press Aseociation-Copyrlehi _. ' . London, March 24. The Incorporated Socioty of Meat Importers' Smithflcld market quotations for tho undermentioned classes of frozen meat are based on actual sales of not Ices than one hundred carcasses of mutton -or lamb, or twenty-five quarters of beef of fair average quality. The quotations are not Eclcctr od lines, but for parcels fairly representative of tho bulk of tho shipments now on the market. The prices which follow are on an average a. farthing per lb. more than the value ex ship, this difference representing an averago cost in expenses, handling, conveyance, and sclline tho • meat:— „ .. Mar. 16. Mar. 23. Mutton- d. d. Canterbury, Iljht — — Canterbury, medium — — Gantarburj'i heavy — _ Southland _ _ North Island, best 315-16 4 North Island, ordinary... 35-16 33 Australian, light 33-16 — Australian, heavy 31-16 3.V, River Plate, light 31 -9 River Plate, heavy 35-16 3g New Zealand ewes 3 3145 Australian ewes 2J 3 River Plate awes 3 3 LambCanterbury, light — — Canterbury, medium — — Canterbury, heavy — _ Southland ...:. — _ North Island, seleoted... 5} 55-16 North Island, ordinary... 51-16 5J Australian, best 43 43 Australian, fair 4fl 41 Australian, inferior 4} n Itjver Plate, first 4J 4J River Plate, second 43 43 BeefNow Zealand, ox fore*... — 3k New Zealand 01 hinds... t- 4 Australian ox fores 215-16 3 Australian ox hinds ... 3i 3 3-16 River Plate o.t fores 3 .3 River Plate, 01 hinds ... 311-16 311-16 River Plato chilled forcp 3i| 34 River Plate chilled hinds 4} 5 HORSE FAIR. Messrs. Abraham and Williams, Ltd.. report:—At our autumn hoinc fair, held on Saturday, we offered 150 horses, the bulk of the entry consisting of good, unbroken and broken draughts and half-draught? Kidding lacked animation, and a good many were turned out unsold. We quote—Heavy broken draughts, £25 to £35 ■ tinbroken, £20 to £35; lighter sort?, £15 to £2/ 1C.».; hacks, £5 to £13; poniw, £3 to £9 1C?.