LIVE STOCK SALES.

Dominion, Volume 5, Issue 1502, 26 July 1912, Page 8

LIVE STOCK SALES.

SlKsrs. Dalgety. and Co., Ltd., Teport having held their fortnightly . c ale at Upper Iliitt yesterday. Owin* to the extremely heavy weather, no fhecp came forward, and only a. small number of cattle were yarded. Caws, to calve Aupcst. £7 to £9; cows, to calve September, £7; store cow, £2 ss. to £3. The ,Now Zealand Loin and Mercantile Agency Company, Limited, and ItcJueed, Wellington, report having held a fatisfactory clearing sr.le of horses, vehicles, harness, ctf\, on account of the Pout and Telegraph Department yesterday. There was a large attendance of buyers, and the horse?, beinj in top condition, realised excellent prices. The highest figure obtained n> £29 for an upstanding, active, bay goldinj, £25 for another good van horse, and others realised £16, £19, mid £20 respectively. Express sold at £24 and £22: lorry. .€32 Us.: mail cart. £10; sots single harness, £5, £6 5?., £8 55.. and £5 Id;.; and various sundries at good prices. Tho Now Zealand Loan and Mercantile Agency Co., Ltd., and Reduced, report:— At Palmerston Xorth, yesterday, we had a fair entry of sheep and cattle, and disposed of th« balk at full values under the hammer. Sheep: Medium hoggets, lfe Bd. ta Us. 6d.; mixed hoggots, 12=. 6d. to \'s. 74.; owe hoggets, medium, 123.; store ewes, IC,;. 2d.; aged ewes in lamb, 11s. 2d.; fat ewe?, 17s. 2d. Cattle: 18-month heifers, £3 lls.; yearling heifers, £3; springing licifen;, £6 ss. to £7 55.; springing cows. £5 ss. to £6; cows in calf. £4; .store cows, £2 15s. to £3 25.; boners, ZCe. to 305.; forward cows £4 IDs. ta £4 125,; fat cows, £5 Us.; twoyear steers, £4 ss. 6d.

Messrs. Abraham and William?, Limited, report:—At our Palmerston North Ea , '-* yesterday, we had a medium yarding of both sheep and cattle, which sold at late ratos. Mixed hoggets, Bs. 10d., 9s. 2d., 9s. 9d., to lCs. <d.; aged ewee iu lamb, Bs. 6d.; empty ewes, ss. 7d.; choice Jersey weaner heifers, £4 Is.; Shorthorn heifers, £2 155.; empty cows, £2 to £2 17s. 6d. ; springing heifers, £5 10s. to £6 10s. 6d.; dairy cows, £5 to £8; hulls, £5 10s. to £6. Tlie herd offered on account of Mr. W. H. Stephenson (Kelvin Grove) eold at from £7 15", to £10 2s. 6d. COMMERCIAL ITEMS. INVESTMENT SHAKES. There were no transactions in investment shares yeterday. The buying and Eelling quotations were as under.— Buyers. Sellers. £ s. d. £ s. d. N.Z. Loan and Mercantile 0 9 0 — N.Z. and liiver Plate 1 19 6 — Well. Investment ■ 0 11 9 — Well. Trust , and Loan 7 12 6 — Feildiuff Gas... 1.0 6 — Well. Gas (pref.) 10 0 - Ghristchurch Heat 15 i 6 15 6 0 Meat Export (525. 6d.) 3 2 6 3 3 6 Mo'-giel Woollen - 3 8 0 Well. Woollen (ord.) 3 9 0 - Well.- Woollen (pref.) .... - 218 6 Hikuraugi Coal 0 18 6 — Taupiri Coal 12 6 13 0 Leylaiid-O'Brien — 16 9 Donaehy Kope and Twino 14 9 — Golden Bay Cement — 1 1 (1 Sharland's ordinary* — ,13 3 THE WOOL MARKET. The London wool market is weaker, and greasy medium crossbreds and scoured crossbreds have suffered most, having declined about 5 per cent. When the salea opened on July 2, fine and mediam ero?sbreds wore from 5 to 10 per.cent. liighcr than at tbc cloro of tho previous sales, and this advance appears to have been since lost. So far, we have had no' definite reasons given for the adverse tone of the market, except that American buyers are overloaded. It, is to be feared that toe weight of wool at present available to manufacturers is much in excess o{ immediate requirements, for it must be remembered that, in addition to tho accuraula- - tion of supplies of colonial wool that were catalogued at tho current sales, there is the enormous clips of Europe and North America, that Is tho wool from about 246.000,000 fhc3p for the manufacturers to lift. Temporarily then, the supplies* must be much in exces3 of. ronuircaients, but thfe position cannot hold.for any lengthened period. British trade is so exceedingly good at the niumenl that there must be a revival in this Important raw' product.

. riOHTIXG THE MEAT TUtTST. According to reports from various cities in the Eastern States, write 3 the New York correspondent of tho London "Telegraph," housewives are bunding themselves together with ■ tho . object of securing a. reduction in the price of moat. In Williamsburg, one of the suburbs of New I'ork, chiefly inhabit.itcd liy tho foreign element, open-air demonstrations have been held, and some of the butchers', fc.?,rlng violence, closed their ships. The Housewives' League protests that the prices of meat are artificially maintained by the trusts, which , have acquired a . monopoly.. Tho Beef Trust, it is urged, lias the American people by the throat.

Tho master butchers declare that they arc powerless, ami say that the-problem can be easily, solved by abolishing the tariff charges on food animals which tho South American countries are eager to export. It is understood that tlie present tariff amount* to a penny a pound, and enables tho Meal Trust in the United States to make its own terms with the producers, the retailers, and the public. The biiichcra themselves urge the removal of tlm la-rlff, and it is believed that the temper of the American people will insist on the Government enacting legislation on their behalf. Tbo price ot the best meat over here is only a trifle more than that of the best meat in England, but in view of t'no tremendous resources of the United States for raicincr meat, it is urged that the price should be cuibiilcnibly less.

The master butchers allege that the; Meat Trust limits the amount of fresh meat on the market at any one time; that it has increased the price of fresh meat, prevented competition in the purchase and transportation of cattle and freeh. meat, fixed- standard prices to the public or consumer, carried ou.t contracts not to sell meat bebw a fixed price, and, finally, that the prices are extortionate.

In Willininsburg the housewives paraded the streets and attacked the buyers of meat. They Migge3l that all people should protest by giving , up meat, during the eunimer, and living on vegetables, l'eople who tried that experiment last year say that tliny not, wily iinoivi'cd tlidi finances, hut their health as well. Vegetablen in tho Eastern States are not dirt cheap, the cost of a lettuce, for example, ranging from sd. to Is. People devoted to beans, which aro very fashionable in the dietary of Boston, the centre of American culture, can live cheaply cnotish, because beans in tho big American cities arc cheap, and arc now selling In enormous quantities. The favourite dish ol the American workman to-day is pork and beans.

COMPANIES KEGISI'EKED. In tho list of companies r'ogistcred, published in this week's "Mercantile Gazotte." thero appear the following :~ Gco. H. Scales, Limited. Koglsteral July 22. Oflicy: Customhouse Quay, Wellington. Capital, £30,000,, into 30.000 shares of £1 each (1 to 15.000 ord. and remainder shall be prof, shares). Subscribers :-G. 11. Scales 25. W. 0. Buchanan 250, IT. Jl'lj. Campbell ICO, G. V. l'e-arce 50. K. V. Eiddiford 100, \V. H. Hocthaiu 2CO, H. G. Williams 50. Objects: To carry on the business heretofore carried on by George Herbert Scales at Wellington. 'I'o carry on the busincs of shipowners, ■ shinping agents, merchants, ntc—Chapman, Skerrett, Wylie, and Tripp. The Herman and Wogor' Manufacturing and Contracting Co., Ltd. Registered as ii private company July ID. Offices: Balbnce Street, Wellington. Capital: £13,250, into J. 65 shares of £50 each (65 f.p.u.). Su-l). scribers: J. 11. Herman 33 f.p.n and 10 con., Ti. J. Weeor 32 f.p.n. and 10 con., 1!. Chambers 20, 11. Gilmor 20. A. Maeuire 20 J. Carroll 10, ,T. A. Miller 10, M. F. liourlte 10, J. J. Botirke 10, T. J. Boui'ke 10, C \ [ioiighnmi 20. T. M. Chamliere 20. H. I), b' Jl'Leati 10, T. 1 , . Hunter 20. Objects- To occiuiro Datent rights from J. H. Herman and B. J. Wegsr of inventions relating to drilling machinery, etc.-Loughnam and Jacobs. The Poplar Flaxmilling Co., Ltd. Degistoredj as a private company July 23. Offlnv .lohnst.au Street, Fixton. Capital: .£SOOO, Into 500 shares of £10 each. SubscribersW. Wood 138, W. Ho?.-, 225, C. Sawtel 137! Objects: M'o pim-Vrase frc-hnld land-j of t-Tie Green Flax-drrsnng Co.. Ltd., together with !>ii.ildrnga nnd flaxmill nnchinery and plant, etc.—Loughnan and Jacobs.

The Fatura Island Development Co.. Ltd. HeßWsrcd as a- private company July 23 Capital: .£BO9O. into 160 shares of £50 each Subscribers: O. O. 3lcredit.li 60, H. T. Dawson 20. .1. 11. Tnilnm 10, 11. O. Toogood 10 A. JToskini; 6, T>. ,T. Cameron 5, J). J and R. Cameron 5. G. 11. Smith 5. D. K hoesm 5, W. B. Clunnell!i 5, W. A. h. Meredith 5, 11. Morrii-on 5. U. P. M'Lnrcn 5. A J Sfonc-Wi's 5, F. G. MaunsDll 9. ObjectsTo imrcli-ii?a freehold of or fee simple title to the Island of Fa turn, and adjacent norlion of the mainland of the' Island of lfiabsl, known as Snavanna, situated on this northern roa?t of Yf.xbel. in the Solomon Islands, for establishment of plantation of coconut palms, rubber, bananas cotton, etc.—Gawith and Logan.

J. Ba.ry and Son, Md. as a private pomnany July 2. Oflfre: Heinvicl;town. Capital: £8500, into 8500 shares of £1 eai-ii. fvuhscrlbom: lienwicic ,T Barv 7500 f:p.u., J. llary 500. 1!. Ban- 500 01.jecK: To nociuire business of JohiTnarv; to carry, on business of universal prov'ders, storekeepers, pcncr.il merchants, etc' Adams Eros.. Ltd. Registered as a nrivate comnany on March 11. Office: Jlarket I'l.ipo, Hl<!nliclm. Capita!: £2*o. into 8 shares of .£3OO each. Subscribers: Blenheim0. B. Lane fi. Walkc-.r, E. \Y. Gillctt ,1 Flood, ,1. H. liaj-nor. C. F. fiillclt 1 slinre onch. Sc-rtdon: P. ', jrcchan, E. G. ElicU 1 share each. Objeoi*: To ar.Qiiirr business of Ini'rlior.-, etc.. of <-ic-am.i Brr.s.j io ca-rv on business of bute.hers. nonlteror?. nifi't ipjrjniim. rtonlovs la cattle, me. Conolly and Burden.

Mc=rs. Jamie Macintosh mid Co. advise having sold tlic following properties:-0n account of Mr. Josh M'lCendc, 402 acres, liidpfordi on account of Mr. Ji. B. Evans, 400 acroa" Jlastwell; on account of Mr. 11. W. Leach, 1355 acrcfi, Alfrcdton; on account of Mr. J. E. Webb, 312 acres, Martiuborough. ■ Ou9toui3 duties collected at the port, of Wellington yesterday amounted to £2813 11s. 3d. LONDON WOOL SALES. By Telegraph—Press Association—CopyriEht London, July 24. At the wool sales there was strong competition for best, merino torts at recent rates. Shabby crossbreds sold occasionally in favour of buyers. (liec. July 25, 10.45. p.m.) London, July 25. The following aro the prices realised at the wool pales for the fleece portions of the blips named:—Ssntoft, top price lCd., average price 83<1.: Xgaio, lid. and BJd.; Upoot, lid. and 9ld. Messrs. Murxay, Roberts, and Co., Ltd., have received the following cable nicssago from their London friends, Messrs. Sandei'son, Murray, and Co., under date July 25, with, reference to the current wool sales:— "The market is weaker, and shows a d«elins par to 5 per cent. The greatest decliue is shown in greasy medium crossbred and scoured orossbred wools." i

LONDON MARKETS. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their "London house, under date July 24:-Whcat: Wo have sold an Australian cargo at 39e. 3d. net c.i.f. There is very little demand, owing to favourable crop reports, and'tlic market prospects are not likely to improve a.t present. WHEAT. By Telegraph—Press Association—Copyright London, July 24.. TJrfc American visible supply of wheat is 36.1RC00 bushels. SILVEK. .' Bar silver is quoted at 273 d. per ounce standard. 1 NO TALLOW SALES, London, July 24. Owing to the dockers' strike, the tallow! sales were not held. HIGH PRICES IN SYDNEY. , (Eec. July 25, 5.20 p.m.) Sydney, July 25. Prime stock continues to be scarce at the Homebush sales, and prices axe, exceptionally high. Merino ewes are selling up to 375., and orcGsbreds to 365. id. Cattle made £1' advance on recent sales. AUSTRALIAN PRODTJCB MARKETS. ' (Bee. July 25, 9.50 p.m.) Sydnoy, July 25. Wheat, 4s. Id. to 4s. ljd. Flour, city brands, £10; country brands. £9 17s. 6d. Bran and pollard. £5. Oats, Algerian feeding, 3s. sd. to os. 9d.j seeding, 45.; Now Zealand whites, 3s. 4d. to 3s. 5;i.; Giants, 3s. sd. Maize, 4s. 4d. to 4s. 6d. Potatosc, Tasmanian, £10 Its.; New Zealand. £8 10s. to £9. Onions. Victoria, £12 to £12 lCs.; New Zealand, £7 to £8. Butter, selected brands, 1445.; prime, 1265. to 1345. ChccES, 9Jd. .to lOd. Ba-eon, 6»d. [ Adelaide, July 25. Wheat, fe I'd. Flour, £8 17.-=. £d. to £9 2s. 6d- Bran. Is. 2d. Pollard, Is. 3d. OatJ, 3s. 4d. to fe. sd. MELBOURNE HIDES JUKKET. (Rec. July 25, 9.50 p.m.) Melbourne, July 25. At the hides sales to-day sloppy-condi-tioned were a farthing lower. Other sorts were unchanged. •