LIVE STOCK SALES.

Dominion, Volume 5, Issue 1520, 16 August 1912, Page 8

LIVE STOCK SALES.

Messrs. Dalgety and Co., Ltd., report on their' Waikanae sale, hold yesterday, 'as follows:—We had a fair yarding of sheep and a good one of cattle, the entry consisting, principally of female sorts, which ,\vc offered to a good attendance of buyers, and sold well up to late rates. Ewe 3in lamb, 145., 17s„ to 21s. 2d. Cattle: Yearling steers, £3 6a. to £1 lis.; springing heifers, £4 2s. 6d., £6 18s.; springing cows, £6 10s., £6 155., £7; fat bullocks, to £9 16s. Pigs and slips, to 12s. Two-year draught oolt, £8. Messrs. Dalgety and Co., Ltd., Teport:— At our Palmerston sale yesterday thcro was a. fair entry, and a total clearance was effected at the following prices :—Cull ewes, ss. to ss. 6d.; store ewes, , Bs. 6d.; miiicd-age ewes. 10s. Id.; forward ewes, 145.-10 d.; small two-tooth wethers, 14s. 7d.; two-tooth wethers, 16s. 4d-.; fat ewes. 17s. 6d.; ewes in lamb to Southdown rami?, 17s. 6d.; backward dairy cows, £5 to £6 10s. Messre. Abraham and Willianw, Ltd., report:—At our Palmerston North sale, held yesterday, we had a fair yarding of both sheep and cattle. Bidding was brisk, and practically everything was sold under the hammer at satisfactory prices. Mixed hoggets, 6s. 5d., lis. 5d., 13s. lOd. to 14s. Id.; ctoi in, lamb, 14s. 6d.; fat ewes, 18s.; fat wethers, 18s. 7d.; forward ewes. 9s. Id. to 10s. lOd. Cattle: Springing cows, £5 to £6 10s.; choice weancr heifers, £3 2s. 6d.; bulls, £2 lte. td. The Now Zealand Loan and Mercantile Agcncy.'Ltd., and Reduced, roport on their Palrn'oratoH North Sale as follows:—We had a small, entry of sheep and cattle, and good demand existed, all lines selling freely. Hoggets, good, lfe. 5d.; store owes, lis. 3d.; rams, 20s. Cattle: Yearling steers, £2.1i5.; weansrs, 375.; ycarliDg heifers, £3 to £3 10s.; 18-month heifers, £3 17s. 6d. to £4 7s. 6d.; 18-raonth, Holstein and Jersey cross hoifcre, £4 145.: cows in calf, £3 17s. 6d. to £4 10s.; springing heifers, £7 7s. 6d. COMMERCIAL, ITEMS. INVESTMENT SHARES. The sales recorded yesterday were:— Golden Bay Cement at 215., and W.F.O.A. at £7 ss. The buying and selling quotations were as under:— Buyers. Sellcni. ■■■■■■■■ &s: d. - £s. d. National Bank 5 19 0 6 13 Bank. New Zealand — 10 16 0 Equitable Building — 10 0 0 N.Z. and 1 River Plato ... 1 19 9 2 0 0 Feiiding Gas ■ 10 6 - Palmerston N. 'Gas 8 17 6 — Well. Gas (£10) 17.17 6 Well. Gas (third issue) ... - 13 15 0 Well. Gas (pref.) •„ 10 0 110 Standard Insurance 1 11 9 — Meat Export (525. 6d.) .... — 3 2 6 Moasiel Woollen — 3 8 0 Well. Woollen (ord.) 3 14 0 3 17 6 Well. Woollen (pref.), - 2 18 0 Taupiri Coal 12 9 13 0 Wcntport Coal - 18 6 Taringamutu Totara 2 5 6 — Honashv Rope and Twine 15 0 — Sharland's . ordinary — 13 0 Sharland's preference ... — ' 13 3 Ward and Co , 4 19 0 - W.P.C.A. (205.) ; - 110 0 ARGENTINE BEEF. Even in Argentina, which' possesses immense natural resources, and has also a' limited home demand, the meat outlook is occasioning not a little concern, both as regards the decreased prices obtained for its beef in London, and as to the future of the cattle supply at home. It is feared that tho herds aro not being conserved in each a way as to place the Republic In a position to "cope with future demands. According to official statistics there are 29,000,000 head of cattle in Argentina, a total which has not varied to any extent during the last four years. Taking the increase of stock at 25 per cent, in normal circumstances, the growth in the herda would be 7,000,000 head yearly. But from that aggregate must bo de'ducttd losses by disease, drought, and other causes. In the last few years there has been execs-, sive mortality, and it is estimated that last season 4,000,000 head of cattle were slaughtered for domestic consumption, and 1,000,000 for markets abroad, whilst the increase in the herds amounted to only 3.45 per cent. The Ministry deems this fact worthy of special attention, and has suggested a prudent limitation to tho slaughtering of cows. With reference to prices of beef in the London market, the Minister for Public Worlre has stated that since 1908 the average rate obtained for Argentina meat has fallen from about 19c. to 16c. por lb., and consignments of excellent meat have been sold as low as 7c. per lb. The Minister holds that it is absolutely necessary that new markets should bo opened up. "It becomes evident," he said recently, "that the beef problem is a world wide one, and that the United States is by no means the only country concerned about it."

LLOI'D'S NEW PREMIUMS. On July 1 there came into force t,he.revised rates of premiums, which Lloyd's underwriters have decided to enfc/rce as the result of the disasters experienced, by thorn of late. Commcntng on this, the "Financial Times" says:—"it has been calculated by several members of a. statistical turn of mind that an all-round advance of 5 per cent, in the rates charged by. the 'Room' for insurance protection would not only Tecover before the end of the year tho losses which have recently been sustained, but would also leave a substantial surplus. This estimate gives some idea of the enormous volume of Iwsinese transacted, a, factor which is very often left out of account by those who write in a rather sensational manner regarding the effects of such claims a.s were made in respect of the wrecks of the Delhi,' the Oceana, and the Titanic. Undoubtedly this succession bf claims wa.s a calamity for the 'Itoora,' but tho net total was nothing liko so great as some people imagine. By way of illustration 'we may recall that, while a total loss pa.id in respect of the bullion which the Oceana had on board when ehe went down, the greater part of this was recovered and realised in time to racot tho sums which, became due on the sinking of the Titanic. In other words, although the Oceana ranked technically as a 'total loss,' practically the whole of the most valuablo portion of her cargo was oventua.lly salved at a cost of between £40.CC0 and £50,000. The month of June was fortunately not characterised by any severe maritime catastrophe: on the contrary, the returns for the four weeks just ended show the number of accidents at sea to have been far below the average. a.nd if this state of affairs can be maintained, the outcome of operations during the second half of 1912 will go a long wav to mitigate the serious effects of the unprecedented claims put forward during the first half of the year." COMPANIES REGISTERED. In the list of companies registered, published in the- "Mercantile Oazettc" issued yesterday, tho following appear:— Onsolbs-rg, Stein, and Co., Ltd.-Rogistcrod as a private company, August. 9; office. 10 Brandon Street, Wellington. Capital, £3000, in 3000 shares of £1 each. Subscribers- L. Caselborg, 2000; O. A. Stein, 1000. OblcctsTo purchase the business of Lionel Caselberg, carricrd on in Wellington, a'nd to carrying on business of merchants, exporters, a,nd importers, etc. Chamberlain, Ltd.—Registered n« a private company, August 6; office, Mastevton. Capital, £4000, in 400 shares of £10 each. Subscribers-Jlasterton: K. E. Chamberlain, 34d; W„ h. Chamberlain, 5; T. S. Crosswell. 50. Objects: To acquire from V,. I), and w. E. Chamberlain the business of mcr. chants, flourinillcrß, and conU'actcre, carried, on at Jtoerton.

WELLINGTON MARKETS. Messrs. Lacry ami Co.. Ltd., wholesale produce merchants, Allen Street, report prices ruling on the Wellington market — Fowls' wheat, best, Us. 2d. to 4s. 4d per bushel; fowls' barley, best 3s. 6d. to 3s. 9d. per bushel; Cape barley seed. 3s. yd. per ijusholi oats, short feed 2s. Bd. to 3s. per bushel; oatsj' seed Algerians' 3s. ' M to 3s. M. per bushel; oats. Duns fa. lOil. to 3s. per bushel; maize, &). 4d. per bushel; Prussian blue peas, 6s. 9(1. to 7s. per bushel' partridge peas, 4s. 2d. to 4s. 6d. per bushel; horse beans, 4s. 2d. to 4s. 4d. per bushelsucrosene, £7 10s. per ton; Hour, Atlas brand, £9 lie. 6d. per ton; oatmeal, £13 10s. to £14 per ton: pollard, £7 sa. per ton; bavlcy meal, £7 as. per ton; pea meal, £7 10s. per ton; bran, £5 15s. per ton; chaff' prime oatensheaf,£s ss.to £5 15s. per ton; chaff, medium quality oatensheaf. £4 ss. to £4 15s. per ton; chaff, straw, £3 15fi. per ton; straw, baled, £3 to £3 lCs. per ton; factory hacon, shoulders, Bd. per lb.; sides, 9Jd. per lb.; hams. SJd. Per lb.; rolls. 10' d' per lb.: factory cheese, medium aized, 7id. per lb.; factory choose, loaf .sized, 7ad. per lb.; honey, bulk, iu 561b. tins. 4id. per lb • margarine, in 281b. tins. B}d. per lb.; whole linseed, 18s. per cwt.; linseed, ground, 22s per cwt.: linseed, cake, 14s. per cwt.; linseed, nuts, 13s. 6d. per cwt.: basic slag £4 ss. per ton; superphosphates, £415--. to £5 per ton; rolled oats. 9s. per dozen; rolled oals. bulk, 16s. per 100; potato:'?, prime table. £7 ss. to £7 10s. ton; seed potatoes, Up-to-Dates £C, Hcauty of Hebron £9 10s., Ear'ly Hose £9 10s., Gamekeepers £8. liubiciind £6 per ton; Early Puritan. £8; White Elephant, £7; Early Vermont. £9 10s.; onions, local, £17 to £18 per ton. , LEVIN-WOOL AND HIDES SALE. Messrs. Hitchings, Hankins, and Co., Ltd., report as follows:—At our ealc, at Levin, yesterday we submitted 50 bate.- and fadgo3 of wool, 1000 sheepskins, 452 hides, 4 ca.sks and 40 tins tallow to a full attendance of buyers. Competition for all lines was very keen indeed, and wo have to report a splendid sale. Sheepskins advanced id. per lb., and hides, id. to Id. per lb. on last quotations. For one extra heavy TiomneyLincoln crossbred sheepskins we received the record price of 16s. 9d. Wool: Crossbred fleece, 7.L1. to 73d.; crossbred dead, 71d. to 7id.; .ei'utehings, medium, s*d. to ■63d.; rrutchings, dingy and coarse, 4U1., lid., sd. .to sjd.; locks, 43d. Sheepskins: Crossbred fine,. Bd.:.crossbred medium, 7',d. to 7Jd.: coarse do.. 6id. to 63d.; hoggets. 6£d., 7d„ to 7Jd.; half-wools, 6d. to 6Jd.; crossbreds, dead and broken, 5!d., 53d., to 6d.; hoggets, dead, 53d.; crossbred, green and damp, 4s. Id., ss. 3d., 65., to 6s. 7d.; crossbred, salted, ss. 9d.; hoggets, salted, 2s. 9d. Hides:. Calf, prime, lljd. to llSd.; msaty and rough calf. 83d.; cut and slippy calf, s}d. to 6id.; ox, heaxy, 7d.; medium do., 6id. to 63d.; light do., 6gd.; cow heavy, 6 3-Bd. to 6.', d.; medium do., 6!d. to 6 3-Bd.; yearlings, sloppy, 6 3-Ed.; bulls, 5Jd.; cut and slippy hides, sd. to 5Jd. Tallow: Casks, £25 10s.i-tins, £23 10s., equal to £27 and £25 Wellington. Customs duties collected at the port of Wellington yesterday amounted to £1494 10s. Bd. INOEEASB IN FLAX PRICES. (By Telegraph.—Press Association.) Auckland, August 15. The price of dressed flax has recently been steadily rising, and during the past six or seven weeks this increase has amounted to from £3 to £4 per ton. A member of the Ann of Messrs. Carr, Pountney and Co., which deals extensively in flax, informed a reporter that a bad season in the Philippine Islands, attributable to drought, which has affected the supply of Manila hemp, both as regards quantity and quality, is the prime cause of the rise. The principal demand for New Zealand flax is for-binder twine, and for this work it is subjected to keen competition by Manila fibre of one particular grade. The drought and bad seasons in the Philippines affected the quantity of the particular grade cn)ploycd, and caused a deterioration iu its quality. As the movement in prices may be attributed directly to speculative buying by London brokers, and as their information on that head may be expected to be much more up-to-date, than that of any local merchant, the Inference may fairly be drawn that a better price will rule in the future. This will possibly result, ho added, in reinstating the flax industry, which'has for eome time been at a rather low, ebb, and so soon as favourable weather permits of more extensive milling, larger Miipplics of dressed-fibre will be almost certain to come forward.

LONDON markets; The New Zealand Loan and Mercantile Agency Company, Limited, and Reduced, have received the following cablegram from their London house, under date August 14: Tallow—We quote present spot values for tho following descriptions:—Good mutton; 361. 3d. pov cwt.; good beef, 345. 6d. per cwt.; mixed, 325. 6d. per cwt. The market is Armor. Wheat—We quote 395. 9d. Australian cargo. Thero is very little demand owing to fine weather, and the outlook for Russian market prospects is uncertain. AUSTRALIAN PRODUCE MARKETS. By Telezraph—Press Association-Cop.'risrht (lice. August 15, 9.55 p.m.) Sydnoy, August 15. Wheat is quoted at 4s. 4d. and 43. 4jd., but none is offering. Floiur, city brands, £10; country. £9 17s. 6d. Bran, £5 10s. Pollard, £5 15s. Oats, Algerian feeding. 3s. 6d. to 3s. 9d.; seeding, 45.; New Zealand .whites, 3s. 4d.; Giants, 3s. sd. Barley quo'tations norjinal. Maize, 4s. sd. to 4s. bd. Potatoes, Tasmania, nominal: Victorian, £15. New Zealand, £11 10s. Onions. Victorian and Japanese, £23. Butter, selected brands, 1405.; prime, 1265. Cheese, SJd. Bacon, 9d. Adelaide, August 15. Wheat. 4s. 3d. Flour, £9 to £9 ss. Bran, Is. 2d. Pollard, Is. 3d. Oats, 3s. 4d. MELBOURNE lIIDES MARKET. , Melbourne, August 15. Hides wore in moderate 'Supplies at today's sales, and prices were firm at par to id. dearer. SILVER. ■ London, August 14. Bar silver is quoted at 28 7-16 d. per ounce .standard. MINING NEWS. WELLINGTON SHARE MARKET. A fair amount of business was dono yesterday, tho transactions recorded being as under:— Consolidated Goldfields, 13s. 3d. (first call). Talisman. 41s. 9d., 41s. 6d., 41s. 3d. (first call), 41s. %&., 41s. 3d. (second call). Waihi,- 355. 3d. (second call). The busing and selling quotations were as under:— Buyers. Sellers. ' £ s. d. £ s. d Con. Goldfields — 0 14 i] Dominion 0 0 2 — Kuranni Caledonian 0 12 0 14 May Queen 0 0 11 — New Big River — 5 2 6 New Sylvia 0 14 0 15 Progress — 0 7 0 Ross Reconstructed 0 5 6 0 6 0 Saxon 0 010 — Tairua Mines 0 0 3 0 0 5 Talisman 2 0 9 2 13 Waihi. 1 IS 0 1 15 6 Waihi Grand Junction ... — 12 0 Waihi Paeroa. — 1 12 0 Waiotahi 0 1 10 — Waitangi 0 14 .0 16 STOCK EXCHANGE. ■ Auckland, August. 15. Business done at this, morning's call;— New Sylvia. Is. sd. Ross, ss. 3d. Talisman. £2 Is. 6d. Grand Junction, £1 Is'. 9d. Auckland Gas (new), £3. Is. Auckland Trams (ord.!, £1 4;. Tho following business was done at the 3.15 p.m. call to-day:— Waihi. £1 15s. May Queen, Is. ./ , New Sylvia, Is. sd. Waitangi Consolidated. Is. Jd. Occidental Consolidated, Is. Id. Talisman Consolidated. £2 os. 9d. Weslnort. Coal,. £1 Bs. . Auckland Gas (New). £3 Is. 6d. Northern Steam (Cont.l, 7s. 4d. rjlinodln, Angurt 13. Tho following sales were made on the Stock Exchange to-day:— Now Sylvia. Is. 3Sd. Waihi, £1 15s. The following sales were reported:— Union Steam, £2 9s. (two parcels). N.Z. Paper Mills, £1 Is. 9d., £1 Is. 6d. (two parcels). Consolidated Dental. £1 Os. 9a. Dominion Rubber (C issue). 'Is. nrcm. Wellington Woollen Co. (ord.), £3 16s. 6d. KOJIATA REEFS RETURN. Auckland, August 15. The Komata Reefs' return shows t-hot gold valued at £1258 was got from 500 tons of ore. An advertisement elsewhere in thisissuo states that Messrs. Dalgety and Co., Ltd., will hold a hogget sale at Marlon at 1 li.in. on August 22. Men's and Women's bonis at greatly reduced prices can be obtained at Pearson's boot arcade, Cuba Street. Particulars of the alleralions in the Wellington tramways fare sections appear on another page of this issue. Tho new arrangements will commence on Au"ii«l 10. ■ ' : That tightness across I lie Chest, (hat thick trmiblcsomo. Phlegm, that running of tho uorc, mav be relieved anil removed by "NWZOL." It lias cured thou.loiiclp. 1)0 dowi U. Cd. Use with *Nnzp| lahaier.-'Advt