LIVE STOCK SALES.

Dominion, Volume 5, Issue 1413, 13 April 1912, Page 8

LIVE STOCK SALES.

Messrs. Dalgety and Co., Ltd.* report on their fortnightly sale held at Levin yesterday as followsWe had a fair yarding of both sheep and cattle. Bidding at auction was dull, but it improved as the sale progressed, and we disposed of a number of lines privately nftcr tho sale. Small shorn lambs, to 4s. lid.; two and fourtooth wethers, to 14s. Cattle: Fat maiden heifers, £5 to £6; fat cows, to £5; cows, spring calvers, to £4 10s.; forward empty heifers, to £4 55.; weancr Jersey heifers, £2 16s.

Messrs. Dalgety ana Co., Ltfi., report:— At our Danncvirko sale yesterday we had a very fair yarding of both sheep and cattle. Sheep met with a very dull market, and bidding was far from animated. Cattle also were not in much demand, and changed hands mostly at prices in buyers' favour. Two-tooth wethers (inferior). Its. 3d.; two-tooth smnll, Bs.; aged ewes, 4s. Bd. to 6s. 6d.; fat ewes, light-weights, IDS'. 9d.; shorn mixed-sex lambs, from 6s. 9d. to Bs. 6d. A lino of extra good mixed woolly lambs made lis. 'Cattle: Fat cows sold from £4 19s. to £'6 55.-, 'fat steers, lightweights, to £6; empty store cows, £3 to £3 18s. fid.; springing heifers, from £4 14s. to £5 7s. 6d.; 18-month steers, bad colours, £3 10a.; pigs (wcaners), from 76. 6d. to, Bs. 6d.; slips, 12s. 6d. to 15s.

Messrs. Dalgety and Co., Ltd. (Eketahuna), report having held a very successful clearing sale on account of Mr. G. H. A. Quinn, at his farm (Newman), of sheep, dairy cows, young cattle, sundries,, etc. Although the sheep offered did not quite realise up to expectations, yet the dairy cows and young cattle met with keen competition. Tho dairy herd averaged £6 9s. per head, which, at this time of tho year,' must be' considered highly satisfactory. Following is a list of prices. Sheep: Small lambs, ss. 6d.; good woolly lambs, 7s. lid.; ompty ewes, 7s. 2d.; mixed-aged ewes, in lamb, 10s.: mixed- wcaners, 325.; 18-month heifers, £2 lis.; 18-month steers. £3 95.; heifers in calf, £4 55.; dairy cows, £5 2s. 6d„ £6, £6 155., £7, £7 55., £8, £8 10s. to £10 7s. 6d.; milk-cart, £10 17s. 6d.; double buggy, £20. Sundries also sold well. Messrs. Dalgety and Co., Ltd., also report having offered a fairly good entry of all classes of stock to a good attendance of buyers. ' All lines of sheep met with good competition; prices all round showing aJi advance on recent market reports. Following is a list of prices realised: —Cull lambs, ."is. 6d.; medium lambs, ss. lOd. to 75.; good lambs, shorn, Bs. 2d., Bs. lOd. to 9s. 3d.; f.m. owes in lamb, Bs. to 10s. Id.; small two-tooth wethers, lis. 3d. to lis. 4d.; fat and forward ewes, 12s. 4d.; weancr steers and heifers. 325.: yearling steers, 375. 6d.: small heifers in calf, £3 55.; empty cows, £3 10s.; forward cows, £4 .25.; bulls, £3 10s.

Messrs. Abraham and Williams, Ltd., report:—At Levin, on Friday, a large entry of both Bheep and cattle was. submitted at auction. Competition for all classes was good, and tho few lines that were passed in under the hammer changed hands soon after, and we have to report practically a total clearance at tho following quotations :—Prime heavy wethers, 18s.; fat and forward wethers, 143. 3d. to 14s. 6d.; fat ewes, 12s. 9d. to 145.; fat AJid forward ewes, lis. 9d. to 12s. Id.: forward store ewes, Bs. 6d. to 9s;; two-tooth wethers, lis. 6d.; two and four-tooth ewes (small), 10s. 6d.; lambs, ss. Id. to 7s. 4d.; cull lambs, 45.; cull ewes, 'la. 3d. to 3s. Bd.; fat bullocks, £7 16s. to £8 155.; forward bullocks, £1 19s. to £7; fat cows, £4 15s. to £6; fat heifers, £5 3s. to £5 55.; forward cows, £4 to £4 12s. 6d.; store cows. £2 to £3 55.; springing heifers (good), £7 10s. to £8 55.; cows, close to profit, £5 to £11 2s. 6d.; cows in calf, £3 15s. to £5; yearling 6tcers, £2 10s. Gd.; weancr heifers, 335. to 385.; Holstein Jersey weaner heifers, £2 17s. 6d. to £2 18s.; good mixed weaners, 265. to 305.; small weaners, lis. to 17s.

The Now Zealand Loan and Mercantile Agency Co. report:—At our Levin rale yestorday we offered a small entry of ?:ock to a fair attendance of buyers. Bidding was dull throughout, and quite a, lot of stock was turned out unsold. We sold weaner licifors (Jersey-Jlolstein cross), to £2 16b.; weaner calves, to 255.; dairy cows (spring calvers), from £4 15s. to £5 Sa.: store cows, from £3 10s. to £4. The New Zealand Loan and Mercantile Agency Co., Ltd., report for the week ended April 12, as follows;—At Feilding, on Friday, we had a fair entry of sheep, and a heavy yarding of cattle. We succeeded in quitting the whole of our entry ot sheep, and all the cattle, with the exception of one pen. Fat and forward ewe?, lis.; fat wo:hers, 13s. 4d.; empty ewes, ss. 4d. to 10s. 5d.; aged cwcb, ss. 4d.; mixed lambs, 6s. 2d. to 95.; two-year-old steers, £2 5?.; weaner steers. 275. 6d. to £2 Is.; mixed weaners, 245. 6d. to 313.; weaner heifers. 375. 6d.; lieifers, £2 165., £3 to £3 75.; lieifers in calf, £4 7s. 6d. to £5; fat cows, £4 lis. to £5 65., £5 12s. 6d. to £6; bulls, £2. At Apiti, ou Wednesday, we had a fair yarding of both sheep mid cattle. All classes sold well at late rates. Fat and forward ewes, 9s. 3d.. IC=. fid., 10.'.. 9d., to Us. 3d.; s.m. ewes, in iamb, 95.: two-tooth wethers, 125.; good wether lamb;, Bs. 2d. to Bs. 3d.; ewe lambs, 9?.: empty s.m. ewes, B=. Pigs; Slips. 10s. fid.; weaners, 85. 6d.; cows in calf, £4 17s. 6d.: empty store cowe, £2 10s.; mixed weojiers, 30s„ 325. to Ml.; weaner iteers, 3m. to £2: !orn*xd onwi, £4 U. £d. to $A IS*.; lit 00X1. £4 Uh

COMAIERCIAL iTEMS. I.WESTMKXT HIIAJIKS. A sale of Wellington Tru?t and Loan shares at £7 12s. 6(1. was tlie only transaction recorded yesterday. Tile buying nud selling quotations were as under:— lluyers. Kellers. £ b. ri. £ s. (1. Hank Xow Zealand 11 5 0 11 8 0 National Hank 5 19 0 — Well. Trust and Loan ... — 713 0 Christehui'ch Gas — 9 5 0 Hear .Meat (£1) 3 4 0 3 6 0 Meat Kxport (£5) ...... ... — 6 5 0 N.Z. Shipping — 16 5 0 Wes.port Coal 0 2 6 — Leylund-O'Drien — 19 6 X.fc. Powell Process — 12 6 'i'aringami.tu Totura ... — 2 8 6 Donagliy Jiope anri Twine — 12 6 Golden Hay Cement — 14 9 Manning and Co — 14 9 N.Z. Con. Dental 10 0 116 N.Z. Drug - 2 11 6 W.F.C.A - 7 5 0 U.S.W. SAVINGS HANK. The net profit earned by, tile Government Savings Haul; of New South Wales for the year 1911 was £44,987, as against £27,275 for the previous year. Deposits for the year totalled £13,839,540, and payments were £11.947.706, while the amount to tho credit of depositors' accounts at the close of the year was £17,595,694. The average amount 10 tho credit of each account was £43 4s. 7d., as against £41 4s. lCd. a year previously. The number of depositors was 407.000 odd, or an increase of 38,705 for the year, and tho total! number represented about 25 per cent, of the popula.ion of the State. Tho progress made by the - institution over the past three years is indicated by tho following table:— 1910. 1911. Deposits !. 11,581,894 13,899,540 Payments 10,089,861 11,947,706 Depositors' balances 15,190,819 17,595,694 Average per depositor £41 4s. lOd. £43 45.7 d. Tho net prolto for the term enabled £30,000 to be carried to reserve, making tho total of that fund £120',C00, and £18,821 was carried forward. As showing the provision being made for carrying on business without the aid of the post office it is of interest to note that 20 now branches arc being opened during the nor: few months, while the number of branches open at December 31 was 37. SUFFRAGETTES AND INSURANCE. The "Financial Times" of March 6 says:— Tho wild antics of the suffragettes nave introduced a new elcmenf into tnc business of iusurance, and particularly that branch concerned with industrial risks. Host of the interests engaged in granting protection agains: loss arising from riots and civil commotions have, since the commencement of this week, specifically excluded from the terms of their contract wilful breaking of windows, and, with this risk lcf. out, the premium is a very low one—namely, about 2s. fid. per cent. We believe this to be almost tho first time on record where there is no quotation for policies covering the contingency of smashed windows. The position is a curious one—that is to say, whereas recent happenings have created an unprecedented demand for protection from damage by rioters, and underwriters and insurance com-, panics are issuing policies as rapidly as possible, wi;h the growth of this increased demand there lias oomc the restriction of facilities, already referred to—namely, the determination of the insurance companies to have nothing '.o do with windows. As this is one of the principal risks to be guarded against, the value of the policies is. of course, considerably rethiced. As a matter of fact, the premiums which have been ;a.ken in such large quantities during the past day or two appear in reality to give protection ag&inst incendiarism more than anything else. This, at any rate, is ihe* case so far as concerns buildings. It is also a fact that merchandise in transit through the streets has been the subject of a large volume of insurance business, and inquiries for such pro:ection are still very much in evidence; moreover, they are likely to continue so until the present disturbances have died down. So far no claims have been recorded in respect- of "riot" policies granted since the commencemeir; of this week, and although it is to be expected that underwriters will have to meet' some losses, the general indications are that die mass of the premiums recently pocketed represent so much profit, and on the whole underwriters have no cause for dissatisfaction with ;he terms of the business undertaken by them during the past day or two. It is to be feared, however, bc<-h they and the insurance companies will have to pay heavily for the Suifragettcs' campaign last week, which resulted in £5000 of damage being done in a very short time. Tho substantial sum is unrivalled in tho history of pla.c-glass insurance and has placed an entirely new aspect upon insurance business.

Customs "duties collected at the port of Wellington yesterday amounted to f.2435 13s. sd. BANK OF ENGLAND RETURN. Jly Teleeraph—Press Association—Copyrlshl (Received April 12, 8.39 p.m.) London, April 12. The Bank of England return issued for tho week ended "Wednesday, April 10, is as under :— Issue Department Kotc Issue... £53,460,(/JO Gov. debt ... £11,015,033 Other seeuri tioj 7,434,000 Gold 35.1U:,0C0 £53,460,000 - £53,480X00 BINKING Dci'ARTjrEST. Proprietors' Govt, seeuricapital £14,553,000 ties £14,262,003 Public do- Other securiposits ... 32.003.603 ties 38,009,000 Other deposits ... 40,385,000 Notsi ... 24,535,000 Rest, 7-day and other bills... ... 1,250.400 Coin ... 1,333,000 £73,192,003 £78,192,000 The leading items of the Bank of England return afford tho following comparison Thiewflfik L'asfcweak. .Lasfcyoar £ £ £ Bullion 35,031,000 34,547.000 35.015,030. Reserve ... ... 25,901,000 24.8b9.000 25,873.000 Note circulation 28.912.C00 29.555.00J ff1.652.0in Public'Deposita 22.003.t00 22,162.000 17.852,000 Other Dei)osits 40,335.000 40,504.000 41,522.000 Proportion of reservo to liabilities... 42.85 39.71 43.55 aSVEKNUENT SECURITIES. The following are the latest quotation! for Government securities, with a con> parison ot thoso ruling last weok:— Variations _ compared Pries. with last weak. £ s. d. 24% Imperial Consols 77 17 6 £ S . lower 4 ,N,S.AV.I933Jan.-July 105 10 0 Unchanged Si „N.S.\V.l9lßAlar.-Sep. 93 10 0 Unchanged 3 ~N.5.\V.1935 Apl.-Oct. 66 0 0 Unchanged 4, „Vic. 1920 Jan.-July 102 0 0 Unchanged 34 „ Vic. 1921-0 Jan.-July 98 10 0 Unchanged 3 „Vic.lS29-49Jan.-July 84 10 0 Unchanged 35 „S,A. 1916 Jan.-July 97 0 0 Unchanged 3 ,S,A. 1016 Jan.-July 85 10 0 Unchanged 4 „Q'l'dl9ls-24 Jan.-July 102 10 0 Unchanged 34 „QTdl924-30Jan.-July 2010 0 Unchanged J „Q'l'd 192.!-47Jan.-July 84 0 0 Unchanged i „N.Z.l929May-Nov. 102 10 0 Unchanged 34 „N.Z. IIMO Jan.-July • 97 0 0 Unchanged 3 „N.Z. 1245 April-Oet. 85 10 0 Unchanged d 4 „ W .A.1920-10 May-Xov 94 10 0 Unchanged ~ May->i'ov 86 0 0 Unchanged 34 „l'as. 1940 Jan.-July 96 0 0 Unchanged 3 ~'i'as. 1920-10 Jan.-Jilly 65 0 0 Unchanged BANK RATES OP DISCOUNT. The Bank of England rata was, on December 1, 1910. lowered from 5 to 45 per cent.; on January,27 it was lowered to 4 per cent., on February 16 to 35 per cent., and on March 9 to 3 per cent. On September 21 it was advanced to 4 per cent., and on February 8 it was reduced to 35 pet cent. The Bank of France rate was reduced from 35 to 3 per o;nt. on January 23, 1908, and continued at tho latter flguro until September 21, 1911, when it was raised to 35 per cent. Tho Imperial Bank of Germany reduced its rate from 5 to 45 per ceut. on February 6. and on February 19 the rate was* further reduced to 4 per cent. On September 19. the rate was raised to 6 nor cent. MARKET RATES OF DISCOUNT. The following are the market rates for best three months' bills:— London Paris Berlin rato. rate. rate, percent, percent, percent. This week 3J 3 3J Last week 35 3 3-8 4 11-16 Last year U 2J 3 Short loans ars quoted at 3 per cent., an compared with 3i per cent, last week, and 3 per cont. last year. COLONIAL AND OTHER PRODUCE. Wheat.—The English markets are firm, though inactive; liberal shipments are being counteracted by good Continental demand. There are unfavourable reports of the American crop; 14,500 quarters of New South Wales wheat, January shipment. 395.; two Australian cargoes sold at 38s. 9d. and 395. 7id. Holders are asking ■10s. for South Australian oil coast, 395. 3d. for Victorian March shipment, 395. 6d. has been paid for near parcels, 38s. 3d. for April shipment. There is a quirt, demand for Australian on spot, at 41s. 6d. to 425.. supplies are small; New Zealand, 395. to 395. Gd. Flour is firm, with fair demand. Oats are firm and unchanged. Peas are quiet. New Zealand, average quality. 365. 6d. to J8«, 6d.; fine, 39a. to 39i. 6d. I no»in>l. tvt J7«, (A. to 5Js, 1 K- Kuttex id I My dftU, uU tiuui i« t »j

plrirlcMl demand for coloni.il, owing to tlio prospput of Kurnpcan supplies being available short!v. H is estimated :hat 100,000 boxes have'aiTiuniilated in London, mainly owin-r lo the rodurcd consumption throuph the .v rilco. Clioiuist Australian, 116?. to 1105.; isnsaltod. 120^.; New Zealand, choicest, 1205.: uncalled, 1225. Cheese is steady and unchanged. Sugar—(ierniaii beet, 88 per ecnt. net titro. 6d. lower, at Us. 10(1. per cwt.; flrsft mark, granule tod, f.o.b. Jliunburu, 4d. higher, at 17s. j Bradford Top?— The market is quiet, but firm. THK METAL JIAItKKTS. Copper.—On spot. Bs. 9d. higher, at £70 10s. per ton: three months, B*. 9d. higher, <U £71 7*. 6(1.: electrolytic, £74 ss. Tin.-On spot, ss. higher, at £197 15?. per ton; three months, 25«. higher, .it £194 ss. Pig-iron, Is. higher, at 525. lid. per ton. Lead, £16 ss. per ton. Spelter, 2s. fid. higher, at £25 12s. 6d. CANTERBURY GRAIN* MARKET. Jlir Telecraoli.— Press Association.J Christchurch, April 12. Tlioro is not a great deal to report regarding the local whew; market. Since the close of the holidays it remains firm, and in a satisfac.ory condition", while a. fair amount of business in small parcels has passed. Holders do not seem very anxious to get (init of their stuff,-as there is confidence in the future sta:c of the market, and uo apparent .reason why a weakening should eventuate. The market is steady'at 3s. sd. There is little oats offering, and not much speculation, although the demand is good, this probably being caused by buyers who have orders to fill. The Southland crop is hardly on the market yet, but when it appears prices should ease a little. Barley is firm, but quietat late rates, and a moderate amount of business is being done. Partridge peas have weakened, the Home demand being practically nil. Supplies are large, and the price has dropped Id. or 2d. Other produce. remains practically unchanged. N.Z. LOAN AND MERCANTILE AGENCY, LTD. (By Telegraph—Press AssociatiftiU Auckland, April k. The time for receipt of proxies for the meeting of shareholders in the New Zealand Loan and Mercantile Agency, Ltd., on April 18, at London, to consider the scheme of reorganising the capital of the company, expired this . morning. Out of the 88,000 shares held in Auckland, proxies representing between .74,0QU and 75,000 have been received, while the response throughout the Dominion has been very gratifying. HIGH COMMISSIONER'S REPORT. The New Zealand Department of Agriculture, Commerce, and Tourists has received the following cablegram from the High Commissioner, for New Zealand, dated April 11, regarding the opening of the second scries of colonial wool wiles:—'The wool sales have commenced. There Is a large attendance of buyers, who show a disposition to operate very freely. American demand Is chiefly for light-conditioned coarse crossbreds. The market is firm for all descriptions at January rates. Prospects are favourable.- One hundred and , twenty thousand three hundred bales of New Zealand wool are available. "The estimated value of New Zealand wools at the close of the first' series of colonial wool sale 3 in London, held on February 3, 1912, was as follows:—Superior merino, Is. to Is. lid. per lb.; medium merino, 9£d- to lid.; inferior merino, 7jd. to 9d.; fine crossbred (all grades), Hid. to Is. Ud.; medium crossbreds, Bd. to 10|d.; coarse crossbreds (all grades), 7d. to lOd." FROZEN MEAT. Messrs. Dalgety and Co., Ltd., have received the following London cablegram, under dato April 11:—"The market is firm, and, since our cablegram of last week, prices are unchanged." N.Z. SHIPPING CO. (By Telegraph.—Press . Christchurch, April 12. The New Zealand Shipping Company, Ltd., has declared a,dividend of Bs. per share, payable on .April 17, for the half, year ended December 31. OIL AND A CABLEGRAM. (By Telegraph.—Press Association.) Now Plymouth, April 12. A cablegram from London this morning states:—"The coal strike is settled. The

public realise the great advantage of oil for fuel purposes, and a boom in oil shares has commenced. A premium of Is. 3d. was bid on the Stock Exchange for Taranaki Oil Well shares. It is anticipated that the issue will be oversubscribed. At the request of Lord Kanfurly, Mr. Henry is hurrying the dispatch of drilling machinery and refinery." LONDON WOOL SALES, CROSSBREDS FIRM. By. Telegraph—lirese Association—Copyright London,. April 11. The London wool Ealcs, second scries, iiavu opened. Tho marlict was firm and prices unchanged. PRIVATE REPORTS. Messrs. Dalgcty and Co., Ltd., Welling;hc following, cable advice from its LonLondon office, under date April 1 11. in regard to the • opening of the April =erics:—"The attendance of; buyers is. good, •ompctition is animated, and the selection 'air. There is no change in fine and medium crossbreds; coarse crossbreds show m advance of par to 5 per cent., 1 merinos generally are unchanged." The Bank of New Zealand has received ;he following cable advice from its Lonlon otlico, dated April 11:—"The sales have jpenecl with strong competition and large ittendance of buyers. There is a good iemand for all kinds of crossbred wool. 3omparod with the average ot last sales, prices are par to 5 per cent, higher for crossbreds, and the market is strong for ill kinds of crossbreds." Messrs. Murray,' Roberts, and Co., Ltd., have received from their London friends, Messrs. Sanderson, Murray, and Co., the following cablegram, dated Ap jil 11; ''The sales have opened firm, wkh a large attendance of buyers, and good competition. Tho market shows an advance of par to 5 per ;ent. for merino and coarse greasy crosstired, medium to fine grciißy c.rossbfcd showing practically no change. Slipe crossbred shows an advanco of 5 per :ent." The New Zealand Loan and Mercantile Agency Company, Ltd., has received tho following cablegram from its London house, under.date April 11:—"London wool sales: Thero was a. full attendance at the opening of tho sales to-day. Competition by llome and oolon'al buyers was active, and prices, as compared with tho close of preceding series, ruled to sellers' favour for crossbred. Merino unchanged. The opening catalogues were representative. America is operating." Messrs. Levin and Co., Ltd., liavc received the following cablegram from thoir London agents :-"The wool sales- have opened with a large attendance of buyers Merinos and crossbreds generally have opened firm on . a par with last sales' closing rates. Thero is a hardening tendency in. tin?-market for coarse crossbredß. There is some American competition. The following brands have been sold to-day on your account. The prices named are the average for tho fleece portion of the clipAwatoitoi, Masterton, 9 11-16 d.; DHR (conjoined), Tenui, 9Jd.; NR/W, Wanganui 8 5-16 d.; PC uader an eyebrow, Masterton 9d." Messrs. Abraham and Williams, Ltd have received the following cablegram from London, under date April 11:—"The sales have opened with a large attendance of buyers. Americans are active, and the market is very firm. For merinos, fine and coarse crossbreds, prices are unchanged, but very firm, whilst medium crossbreds nro ruling from par to 5 per cent, higher than at the close of last series. Prospects are good." The United Farmers' Co-opcrativo Association, . Ltd., and tho Wairarapa Farmers' Co-operativo Association, Ltd., have received the following cablegram from their London agents, under dato April 11:"Second series of wool sales (postponed from March 5) opened to-day, There was a large attendance of buyers. Fino and coarse crossbred show no quotable change. Medium crossbred from par to 5 per cent, advanco, as compared with closing ' rates of previous sale." NO CHANGE FROM FIRST SERIES. . (Rec. April 12, 8.30 p.m.) London, April 12. At the sales 11,884 bales woro offered, consisting of a very miscellaneous selection. There was a good attendance, and the market was firm. There was no quotable change from first series. English buyers were operating freely for crossbreds, Continentals were moro interested in merinos.