COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1669, 8 February 1913, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. ■ A Bale of Wcatport Ooal at 27b. 9d. waß the only Investment snare transaction recorded yesterday. Tho quotations were as under:- „ „ f Buyors. Sellers. £ b. d. £ s. d. Bank Jfew Zealand — 11 6 0 National Bank — 6 10 N.Z. Loan and] Mercantile '• (10s.) : 0 9 0 - N.Z.: and Rlvor. Plato ... — 2 0 6 Well. Investment — . . 011 6 Well. Trust and Loan ... — ■ -740 Folldlng Gas - ,19 5 Ohristflhurch. Meat — N 15 0 0 N.Z. Shipping 14 5 — Union Steam 2 7 6 — Kaiapoi Woollen (pre!.)... - 5 6 0 Well. Woollen (ord.) — 3 16 0 Taupirl Coal -12 6 — Wostport Ooal J \ ' - 1 a 0 Taringamutu Totara ....'.,2 4 0 — Golden Bay Cement ...... — 10 6 N.Z. Drug ; - JlO J N.Z. Portland Cement ... — 10 0 Ward and Cb. — 4 16 6 . HOTEL PROPERTY SALES. Messrs. Dw»n Bros., Willis Street, Wellington, report having Bold slr. x II. Baiters interest in tho Club Hotol, Danrievirlte, to Mr. J. H. Tulley, lattPof tho Empire Hotel, Feathorßton; Mr. 0. T. Gayne'B Interest in the Paijkalsariki' Hotel to Mr. W. H. RobinBon, lato of the 6.5. Pateena; Mr. Michael Fitzgerald's interest in tho Post Oflico Hotol, Pahiatua,' to Mr. W. J. White, lato of Whyte's Hotel, Foxton;. Mr. H. 0. Lawson's interest in the Family Hotel, Lower Hutt, to Mr. Kichard Quinn, late of the Provincial Hotel, Uppor Hutt; ' Messrs. Bruere Bros.' interest in tho Waitotara : Hotol, Waitotara, to Mr. W. J. Oondcr, late of tho Junction Hotel, Marton; Mr. J. Callaghan's interest in tho Albion Hotel, Shannon, to Mr. A. 0. Bradley, lato with ■ Messrs. Dalgety and Co., Dannevirlte; tho lca3e, etc., of tho Globe Hotol, Nelson, to Mr. J. Johnson; Mr. J. Granville's interest i'n tho Albion Hotel, Wanganui, to Mr. E. J. Ible; Mr. Barr's interest in tho Albion Hotol, I'atca, to Mr. J. Coogan, lato of the Telegraph Hotel, Otaki; Mr. Thomas Green's interest in tho Family Hotel, Palmorston North, to Mr. M. Fitzgerald, lato of Pahiatua; Mr. O'Connor's interest in the Makotuku Hotel, Ilawko'B Bay, to Mr. Gosling, lato of Waipiro Bay, East Coasts tho lease and furniture 'of the Empiro Hotel, Ohrlstchurch, to Mr. T. W. Watts, lato of Pahiatua; Mr. -Richard Grylls's interest. in the lease and furnituro of tho Taucru Hotel, near Master ton', to Mr. John Deveroux, of Hawke's Bay; Mr. Charles King's interest in the Terminus Hotel, Napier, to Mr. Thomas Oallaghan, late of Albion Hotel, Shannon; Mr. Charles Harrison's in--1 tercet in tho Royal Hotel, Lambton Quay, ■ Wellington, to Mrs. E. M. Davey, late of tho Imporial Hotel, Wellington; Mr. William Hallcy's interest in tho lease and furniture of tho Clarendon Hotel, Palmerflton North, to Mr. Henry Baker, late of the Club Hotol, Daniv3virko; Mrs. Owen's intorest in the freehold of the Tenui Hotel to a Wellington resident; Mr. W. Grey's interest in the Post Olllco Hotel, Foiton, to Mr. JI. IV". Obon, of Foxton; Mrs. Strout'B interest in the Clarendon Hotel, Pieton, to Mr. William Paccy, lato of tho Pier Hotol, Kalkourn,; Mr. B. Grant's Interest In th« Club Hotel, Pahiatua, to Mr. Hoary BhoUwidor, lata ol Hoitls'i

Foildfni?; Jlr. It. J. Paul's interest in the Empire Hotel, Ifawera, to Mr. Thomas Now, late of Auckland; Mr. \Y. Pncey's intcrort in tho Pier Hotel, Kaikoura, to Mr. Dunoan Campbell, late of Konini. NAPIER GAS COMPANY. " (By Telegraph.—Press Asaooiatlon.) Naplor, February 7. In tho report of the Napier Gas Company, it ie stated that an interim dividend was declared in "June, and thero remained a balance of a further £705 G. It was resolved to declare a further dividend. o,b' sorbins £4511. The balance has been carried forward. Tho chairman, in congratulating the shareholders on the success of the year's operations, eaid that in keopin? with the . board's policy of progress, a system had' been inaugurated providing for tho fixing of gas-cookinit stoves free of charge. GRAIN AND PRODUCE. Chrlstchurch, February 7. Thero has been n fair quantity of wheat offorinß during tho interval between the present and last report, mostly from the North Canterbury district. There has been a good demand for wheat from Waikarl or on similar country, and millers havo been giving 3s. lid. to 3s. sd. for it, most of the ea-les having been made at 3s. 4Jd. This wheat is especially useful for early milling, and invariaHly commands tho highest price early in the season. There is not likely to bo an export of wheat this season. The local prico is now above oxport value, but tho market will be practically ruled by the prico at which Aus-, tralian flour can be landed in Now Zea-" land. Oats are offering pretty freely, Duns being plontlful, but they are mostly light end thero is no demand for any but good iramplos. Owing to tho difficulty of ms.li-' in? profitable sales, merchants are not inclined to give more than Is. lid. or Is. llid. at the outside for Gartons. Barley is coming forward in nico condition, but tho proportion of prime quality is not largo, the bulk being light. For-prime malting, 4s. ifc being paid. Thero is a fair quantity of Cape Barley and ryecorn offering, and the price offered for both descriptions of grain is 2s. (country stations). The grass seed market fs weak, and Is. 3d. to Is. 9d. is the general range of prices. Not much business is as.yet being dono in cocksfoot, and tho prico ranges from 3d. to 4d. The white clover crop is an unusually prolific one, and tho Beed that is being offered is much above the average in condition and quality. Up to lOd. per lb. is being offered for prime samples. Offers are now being made of £4 per ton for early varieties of potatoes,' for March delivery. It is not known yet how the crops will turn out. They look well, and tho late rain will have considerably bonefltod -them.- y SHEEPSKINS. Tho Bank of Now Zealand has received tho following cable advico from its London office, dated February 6:—"The market is strong for all kinds of sheepskins. Prices aro par to 5 per ccnt.' higher." Now Zealand Loan and Mercantilo Agency Company, Ltd., and Eeduced, have received the following cablegram from their London house, under date February 6:—Sheepskins have -advanced sd. to 3-Ed. Messrs. James Macintosh and 00. report having received the following cablo, message from their London agents, under date of February 6:—"Prices for crossbred fullwoollcd, fine quality, and for half and threc-quartor-woolled. fine qualities, haye advanced from Id. to 3-Bd. Prices for crossbred fnll-woollcd and coarso quality have advanced 3d." • ~ ■ By Tolegraph—Press Association-Copyright London, February 7. At tho sheepskins sale, 6031 sktaa were offered, including 1554 from Australasia, and from Punta Arenas 60 oddments. All catalogued woro practically cleared. There was a good attendance of all sections of the trade, and there was animated competition. All doscriptlbno showed a general advanoe of 3-Sd. to id. as compared with Deoember prices. . Tho advance was most noticeaolo in morinos. BANK OF ENGLAND RETURN, i (Rec. February 7, 9.30 p.m.) London, February 7. Tho :Bank of England return issued for* the week ended Wedncsday, February 5, is as under.— ; , ' I IIIIZ DEPtRTIIISNT. Kotolllut £53,711,000 Gov.du'aS ••'•111,015,000 ■ ether sicnrl- «•» - ~ T.4M.000 Gold ... ... '85.205,000 £53,714,000 : . £53,714,000 Bunma DEPAHTUBNT. Proprietor!' G»?t. tscurlcapital £14.553.000 tl» .-£18.035,000 Publio d«- Other eiourlpoalts ... 18,066,000 tias... 84,080,009 Other d«- ( . pOßltn ... 88.a33.W0 Ktlll 25,034,000 licst, 7-day andot'mr ■ ■ bills- ' ... 8,637.000' Coin- -: - . ,1330.000," ' £74,594,000 , £74,594,000 The leading Items of the Bonk of England return' afford the following comparison : — ' Thlswiek Last w«»k Last y«ar . £ £ 2 Bullion 35.265,000 85,507,000 37.6D-2.005 P.osorve 2G,573,0a0 27,075,000 23.403.000Note circulation 28.660,000 . 27.777,C00 27,930.000 Publio Deposits ' 18.206.000 10.453.003 18.2-24,030 Other Doposits 38233,000 40.583,0 M 87.801,000 Fropovlion of , reserve- t» ' liabilitlJS... 47,03 47.53 V 52.94 GOVERNMENT SECUEITIES. - - The following are tho latest quotations for Government securities; with a, compqrison of those ruling last week:—

' BANK BATES OF 'INTEREST, Tho Bank of Enjland rata was, on February 8, 1912, reduced, from 4 to 3| per cent., and on May 9 it waß further reduced to 3 per cent. On August 29 it was raised to 4 per cent., and on October 17 to 6 per cent. The Bank of Franco rate was reduced from 3J to 3 per cent., on January 23. 1908, and continued at the latter, figure until September 12, 1911, when it was raised to 3J, per cont. On May 17, 1912, it was reduced to 3 per. cent., oin October 17 It waa raised to 3J per cent., and on October 30 to 4 per cent. Tho Imperial Bank of Germany reduced ita rato from 5 to 45 per cent, on Juno 11, 1912, on October 24 ft was raised to 5 per cent., and on November 14 it was further raised to 6 per cent. MARKET BATES OF DISCOUNT. The following aro the market rates for best three months' bills: —i London ' Paris Berlin rate, rate, . rato, per. per per cent.' cent. cent. This week 411-16 3J 4j Last week 43 3J 43 Last year 36-16 3 32 , Short loans are quoted at 4J per cent, as against 4i to 5 per cent, last week and 31' per cent. Qast year. COLONIAL AND OTHER PRODtfbE. Wheat.—The market Is firm, but auiot. Thero' is some bidding for near cargoes! 38s. is bid for South Australian per 6ailer, Fobruary shipment; 375. 9d, for West Australian February shipment. Liverpool futures, March delivery, 7s. sid. per cental; May delivery, 7s.-■ 3id.; July delivery, _7s. '3Jd. Australian' on spot Is firm at 40s. to 40s. 6d. Flour is steady. Australian patents, ex store, is quoted at 275. 9d.; FebruaryMarch shipment, 275. c.f.f. Oats aro quiet. r.-n Hata FebruaryMarch shipment, 15s. IOJd. Butter.—Thero is an improved demand for butter, especially unsalted. Australian is realising 110s. to 1145.; Now Zealand, USs. to 123 a.; Australian choicest salted, 106s. to 110s.; more sellim* at 110s. than was the case last week; Now Zealand, 112s. to 114s„ a few lots making 1165.; Danish, 128s. to 130s. , Oliccbo i 3 quiet and unchanged at 60s. to 61s. Suqar—Gorman beet 88, per ccnt.net titre, 2d. lower at 9s.' 6d. per ewt.: first mark Kranulated, f.o.b. Hamburg, 3d. lower at i lis. 7(1. Bradford Tops.—The market i 3 active, and tending upwards. Sixty-fours, 30d.; super sixties, 29d.; comrao;', sixties, 281 d.; fiftysixes, 233 d.; fifties, 221 d.; forty-sfices, 171 d.; forties, 16d. .'THE METAL MARKETS. Copper, on'spat, fte. lower at £«6 per ton; electrolytic, 10s. lower at £74 -lbs. Tin.—On spot, £J0 10s, lower at £219 10s. per ton;, three months, £18 lower at £217 10s. - PiHron.—Middlosboro' No, 3, Is, lower at 645. 9d, per ton. Lead, eoft forelcn, £16 15s. per ton. Spelter, unolnased at £25 15a, ««r tan.

VICTORIAN rnODUOE MARKET. Molbourno, February 7. Wheat, 3s. 6Jd. to ss. 7il. Flour, £8 10s.Bran, £5 ss. Pollard, £5 15s. Oats, eecd, 2s. 6Jd. to 2s. 9d.; milling, 2s. 6d. to 2s. 61d.j feed, 2s. 3d. to 2s. sd. Barloy, English malting, 4s. 6d. to 4s. 7d.; cholco, 4s. Bd.; Oapo, malting, 3a. 7d. to 3s. Bd. Maize, 3s. lid, Potatoes, £4 10s. to £5. Onions, globes, £4 to £4 ss. SILVER. London, February 7. Bar silver in qnotod at 283 d. per ounco standard. WELLINGTON SALES. ANIMATED BIDDING. ' HALFPENNY ADVANCE ON THE JANUARY VALUES. The advance of a halfpenny per lb.,' which has been , registered in all counts of Bradford tops since the sale held hero in January, was fully reflected in the prices realised yesterday, taking into consideration tho quality, of tlio wool offered. About 15,5C0 bales were, submitted by tho local brokers, and tho competition was exceedingly keen. Tho attendance of buyers was exceptionally good, all the buyers who have boon operating during tho season being present, thus proving that they wanted tho-staple. - .1 Tho market does not expect to see much bright and attractive wool at tho Febru- , ary salo, but yesterday's catoJoguo proved an eiceptiou, thcro being quite • a number of nico lots, and tho condition of the wool was above the usual average-of February offerings. The 'bidding was brisk and , animated from 'tho very- outset, and values showed an advance of id. to id., as compared with January "rates, and most of the lots were sold under the hammer. The wool market is especially firm, and the outlook is very encouraging. ' The reports of tho several selling , brokers aro apponded:— i ' Oalgety and Co." Messrs. Dalgety and Company, Limited, Toport as follows:—A catalogue of approximately 15,732 bales was offered by all brokers, and our portion of this total was 5068 bales. The. buyers wore fully reprc; sented, and competition was very animated, tho bidding being keen for every lot submitted. The firm market " ruling, at tho close of the January sales in London had a splendid effect on -yesterday's offering, and tho result was that- there was a rise, after making duo allowance for condition, of from id. to-Id. per lb., as compared with tho wool sale held, hero on January 8. We had-Tery few lines of super crossbred, and offered a' few parcels of light, well-grown, lambs' wool.' •■As is usual at-this time of. the '.year tho.'(Offer-, ings consisted mainly . of baclc-cpuntry , wool, and utuwai. was Very noticeable, .in many' parcels.'; ■ Several lines'. tl in store too late to" offer In this' 6ahv,and those are held over-.for tho next fate on , March 4. Tho rango of-', values wiis nS follows, and ,wo mako a t ,comparison with tho prices ruling at the salo - held on January 8:— . Jan., 1913.' Feb., 1913, ■. d. d. : ' d.'- : d., Merino super , 101 to 1U none Offering Merino .'. 91 to 10 none offering . Halfbred super up to 125 none offering • Half bred medium ... 101 to 11$ 103 to 111 Romney super 12 to 123 none offering Crossbred super 11 to 12 103 to 121 Crossbred medium... 91 to 10? . ,93-to 11 , Crossbred, inferior and ■ ■ coarso 81 to 91 ■ 81 to 93 Lincoln and Lincoln . ■ oroes 81 to 91 83 to 101 Dead . uK.to 81 up to 81 Pieces 71 to 91 63, to 73 Bellies •'• 7* to 61 to 73 Stained pieces and \ • ' lockis 51 to, 6J . 5 .to. 51 Crutehings 61 to 73 ; 63 to 71 Lambs' super 11 to 125 111 to 12 Lambs' medium 91 to IC3 i 95 to 103 The following are tho highest prices obtained by us:—On account D. L, Young, Cinder Hill, Feilding, lambs 12d,; P. Hatton Miller, Harbour View, Porirua, lambs 113 d.; Messrs. Wheeler Bros.! first lambs 113 d.; S. W. Mitcboll, Kairanga, lambs ll»d. ;■ W. ileldrum, Huntorville, -A crossbred 11id... . • B crossbred 103d.;-,,MIMr.Fv Fernyhurst, Maaterton, crossbred llld. .and -lid:; W.VI. Lovelock,-, Ealmcrston . h.orth,. ■hoggets -ll!d,;'S.' Williamapii; iWaituita' W.,\ ■ lambs llidT;'. -M; iKarlori..Super' iSrftssbred' llid. I '-Skermanr.ftnd 'Pode-, i vln. Otalii, Umta Hid.; J. Matthews,Longbush, Mastcrton, ewes llld.; W. and G. Cockburn,; Marton, Romney lid.; Monckton and Addlngton, Otaki, lambs. lld-i - &-. A. Hui-st, Marton, lambs lid.; Sinclair Bros., Bunnythorpe, A owes ll'S*Lovelock 8r03., Ashhurst, lambs lid.; E. Brownlic, Tura- , kina Valley, hoggets lid. and lambs lid.; , Messrs. A. J. and E. 8.-Knight, Feilding, -, lambs lid.; W. 8. Ponny, tanson, lambs lid.- A. Wall, PlinKnerton, Romney ewes lid.- T. Mailer, Porirua, hoggets lid., ewes ] ICJd.; M. F. and T. Bradley, Ruanui, A i ewes 103 d. - ■ | , Levin and Co. ; ) Messrs. Levin and Co., Ltd., report :-At j 'the sale yesterday:-16,000 bales wero offered, 1 -tta' against 13,700 last Febmary.' Our catar. -i logue represented 2,400 bales-. Thero was-, i again a full- attendance of buyers. For- r this period of tho year the .quality-was' good, and several nice clips were offering. Thorc was present, however, a largo proportion, of dingy, coarse,. and seedy wool, and most of tho wool was heavier m condition than'at- the. earlier sales. -.-This 1 must be taken into consideration- in comparing prices. Competition was keener than at any sale during tho season, and bidding was very 1 animated for all grades of wood. Prices were a, halfponny better than January for medium and coarse wools. Rough dingy lines sold at full January rates. Lamba wool sold excellently- up to 121 d. We soIdCLIFTON -. GROVE clip from Wairarapa, 24 bates, , at 113 d.; 19 bales at lid.; TE RANGITUMAU, from Wairarapa, 8 bales at 113 d.; 12 bales 1 at lid. 'HOROA; from Wanganui, 14 bales at' 113 d.; -5 bales': at :ll}di . Nearly every lot" was"Bold:itnder.,thc.:lmmmcrr : .- Tho fol- ■>; lowing is-tho rtfnge of-prioeßj-j.-.'i::-. ;•<! -To-day's- •: . . Jan., 1913.- ' prices.'.' d. d. d. d. .. Merinos' . .' 94 to 103 None offering , Halfbrcda 10J to 13 ■ 10 to 121 . Superior crofsbrede.., 11l to 131 none offering 1 Fine orossbrcds... 11 to 121 '11 to 113 ' Medium crossbrcds... 10 .to 11 . 10 - to 119. J Coarse crossbrcds 9 to 10 , • 9 to 10 ' Inferior crossbrcds... " 83 to 91 ' 81 to 91 ? Picccß and . bellies... -7i to 9 . 71 to 81 ' Locks r. 41to 5i . to 55 1 Lambs, good 11 to ll! 11 to 121 ' Lambs, ipodium 91 to 101 , 91 to 11 1 Lambs, seedy, inferior - 7 to 91 7 to. 91- ] 'The following aro'some of the results:— ! PAKOHE, 103 d.; WL, 103 d.; HOROA, lt3d„ 1 lUd„. IOJd.; M/WAIIIANU, 10Jd.; TIRAU- | MEA, llld., 103 d„ 10} d. ;• D. ,W. McL., llld., 1 103 d.; CLIFTON GROVE, 113 d., lid., 103 d.; 1 TE RANGITUMAU, 113 d., lid.; WERAITI, . IOJd.; RIVE-RLANDS, lid.; • BURTON' 1 FIELDS, llld., 10} d., halfbrcds, 12id,; D B/ I WAIAWA, Hid., 101 d. Lambs; , MARSHLANDS, lid.; KOWHAI, Hid.; A.'BELL, lid.; R, S in circle, 103 d.; PAKOKE, lid.; HOROA, 10id.; NEWANUI, 10} d.; TITOKI, lid.; TIRATJMEA, 103 d.; TE RANGITUMAU, 12Jd. and USd.; BOWLANDS, 103d.;SPRINGHILL, lid.; BRAMEETON, 121 d.; BURTON FIELDS, 113 d. - - J ] , New Zealand Loan and Mercantile. _ .' New Zealand, Loaji, and , Mercantile Agcnby r^orts:— I Tho- .wools : shoWii':, wore , chiefly' 36-40*3 quality, carrying' i'v. fair. < amount of seed, but extremely, light fa condition' for this' time of tho year;, and I .thoso descriptions suitable for Bradford mel-'witli '] a groat , reception, and-sold at';id. to: 3d. per lb., over our most sanguino cxpcctations. Finer qualities, 46's ' and upwards, J wero in fair demand, and sold at about last sales/values. With res'pcct to'lambs' ' wool, the Continental buyers were, much in ovideiioe, and prlctically cleared the superior lots at from lid. to 12d. ; Seedy and medium Jambs sold at from 7id.' to , IOJd. Pieces, bellies, and locks wejo well \ competed for at late ruling,rates, but those , showing seed, and heavy in condition, wero ! perhaps slightly easier., • Taltn right ■ through, the sale was an unqualiOod sue- i cess, and we must congratulate growers on ; tho satisfactory prices ruling, wliith- we consider aro right up to prices, ruling in ; London. ' Tho foHowinr are some* of our salefl:— ■ JDW/BB,' J. . D. Wells, crossbred, 103d 1 .; HOPAI. Ralph Mills, crossbred, 103 d.; J. M. conj. MAM.. M. A. Miiody, crbssbren.' fine, ' Ud.; v MOUTUTAWA/WM, W.: N. Waldin! crossbred, 10? d.; III; Llewellyn Williams, crossbred, IOJd.; JT/SPRING GItOVE, J. and ! J. G. Taylor, crossbred, Uno, lfljd. to llld.; ' CN/P, 0. Neilscn, ororsbred, ipjd.: do., Lin- ! coin. lOd.; B 0.-Ncilsen, crossbred, 103 d.; J JMcG, L. M'fiowan, crosnbred-, fine, lid.: I GM/'P, L. M'Gowan, crossbred fine; 103 d.; ' IIMCO/W over JB in square, Mrs. Nolan, < West. Con.st, 5.1., crossbrcd, ilno, lid.: W P c 11. W. Pago, erospbred, 103 d.; do., lambs, ' IM.; E/W, E." L. Wilton, crossbred super, lSd.;\do., lambs, Hid.; JB/LINTON, J. j Batchelor, Romney, 103 d.: FEP, F. E. Pick- c erlng, Romney lamba, 103 d.; do., Romney, f suner, 12d.: E L, J. Ludoman, Mmbs, lid.; : TT/T. W.'E. Trcmewan, lambe. 109 d.: AK/M, E. Shannon, lambs, llld.: BRANCH, Mrs L. G. M'Betli. halfbred. 10d.; TF/H, T. Fow- i ler, crossbred. 103 d.: I7W/TJJ. T. H. Windlev. 1 Romney, 113 d.; P/TIVIDALE, Percy Bros., i To Ore Ore. a verv well-trrown nn/1, stvlish i crossbred clip, 9Jd. to 103 d.; P/TIVIADLE, Percy Bros., Bracford, 0110 of tho best ' Romncy-Lincoln clips showß at the sale. S Crossbred hogcets, lOd. to 10? d.; crosobred, a IOJd. to lid.;, Lincoln, 9?d.; pieces Pinl bcl- n lies', 7-d. to 81d.; JDA, Jos. I)'Ath, Romney orossbred,- lOd. to 103 d.; and other crossbred clfps, 91d. to 101 d.; bush wools, B}d. to 93d. 1 ■ Murray, Roberts, and Co. { Messrs. Jlurray,. Itoberts,. aud Co. re- -' port:—We submitted a cntaloguo of 3150 bales, out of a total of 16.0C0 bales. Tho- f attendance was very large, nil the buyers t who liavo been operating during tho feason ,i being present-.. Our cntaloguo contained ' some nice, bright, attractive lots, and, taken 011 the whole, the condition of tho c wool was rather above the usual average 0 of February offerings. Competition was very keen and ' animated, and prices, generally »peaklng, wero fully a halfponny ? above JMuary ratea. Vary few lots of ' li&llbred wool r|ro ihomi. Tliox# n « J

good offering of lambs' wool, but a large proportion carried seed in a more or Icsb degree. Tho rango of prices obtained in our cfltiilogue is given below;— Medium to Superior. good. Inferior. a. d. d. d. d. d. .Merino — 101 to 11 9 to 91 Halfbred ... - 10 to 111 9to 9} Crossbred, medium to ilno 11l to 113 101 toll! 9 to 93 Crossbred, coarso ... , — 91 to 103 S3 to 91 Pieces — 7 to 8 5 to 61 Bollios — 61 to 73 5 to 6 Locks — — 4 to 5 Lambs 11l to 125 93 to 103 7 to 9 Abraham and Williams, Messrs, Abraham and Williams, Ltd., ■ report as follows:—Total catalogues, comprising betweon 16 and i 7 thousand baleß, wero offered to a large attendance ofbuyors. Competition v;as keen for all qualities. Prices were higher than January sale by Id.- to 3d.' 011 coarso and medium qualities, whilst the finer wools were bettor by sd. per lb. Super lambis were in good demand, but seedy and discoloured cots voro irregular. Pieces and' bellies again- sold well. Our catalogue comprised 1840 bales, and wo ma-do an almost total clearance under the hammer. Sorao of our prices were as followMß over O, 3 .bales halfbred, 121 d. TERATA, 12 balos first crossbred, lljd.; 10 bales 'crossbred, 10d.; 4 bales cottod, 9sd.: 3 balos bollies and pieces, 7Jd.- OCC/PAPAWAI, 0 bales A crossbred, 10id.» 9 balos B crossbrcd, 10d.; 2 bales bellies and pieces, 6Jd. Olendry* nooch over hoof, 9 balos A flret combines, ' hoggets,i 103 d.; 15 balos A first comblnßs,* ewes, 9d.; 10 bales crossbred owes, 101 d.; lionets, 101 d.; sNbalcs5 N balcs first pieces, 81d.; 3 baloß. bellies, 7Jd. JOM/X, Ufbalos coaive hopgets, 9?d.; 28 bales coarse ottos, ;? t i 16 bales crossbrcd. 93d.; 0.X.Z., 35 bales cpssbred, IOJd. TBATJTERE/L.H.8., 10 bales .fine A crossbred, IOJd.; 3 bales B orossbred: 9Jd. .MAHARA, 3 bales lambs, t i bales fine hoggets, lOjdi.; is bales B crossbred, 9Jd.: PY/PUKEHA, 9 bales lambs, lid. AOK, 3 balos lambs, lid. §r p c *f c l e » scoured floeco', 12J1 N 11U,\5 bales lambs, 10d.; 11' bales crops--bred hoegetß, 9Jd.; 27 bales Crossbrcd, ltd. ' . .. e5 crossbred ewes and hoggota, 101 a. • A.A.A., 11 bales crossbred, lCld.; 4 balos lambs,-lOld. G P/0, 6 bales lambs, 9d.i James Macintosh and Co. .Mossre. James Jfecintosh and Co. rcport:Our catalogue consisted of a good selection of medium and coarso wool, for which very satisfactory prices wero obtained. Oompared with tlio Jaiiuary salo pricce, super wools barely h«|d their own, owing • t-o • want of competition on tho part of. American buyers, while ordinary medium and coarse /sorts cold at a full Jd. advance, bambs;. wool, with the exception of enper, .so d in buyers' favour. • Pieccs and bellies -at rates..' Woieold, on account ..of,,Messrs. ICummer Bros., eight bales crossbred Owes, IOJd.; ilvo". bales' crossbred .hoggets, 105 d.; ,33 bales coareo crossbred, 93d. ,'On account of Mr. T. O'Ronrko, so veil bales crossbrcd owes at lOd. On account of Mr. H. T. Ilumo, 58 bales medium-bred ewes, lOld.; 54 bales cocr.-e crossbrcd ewes, -. IOJd.; 63 bales cotted crossbred; 93d.; 24 bales hoggets, lOd.; 10 bales first piccos, 81d.; 11 bales recond pieces, 7}d.; 15 bales bellies, 7id. On account of. Mr. J. A. ' Groves, fceven bales of coarse lambs, at lOd. On . account of Kummer Bros., eight bales lambs, 93d. - - .Farmers' Co-oporatlvi. The Ur.iMid Farmers' 00-operative Acsociatlon and-the Wairarapa Farmers' Cooperative Association Toport as follows Tho bulk -of 'our catalogiie consisted of dingy and seody clips and lambs',wool, with only, a fow firight and well-conditioned lots. Compared with'prices realised at the January Gale medium and inferior crossbreds showed an improvement of }d. per lb. Pino and llghtconditioncd orossbrcds improved by about sd. per lb. There was a good demand for lambs' wool. TllS > following was the range of prices:—Fine I orosßbred and Itomney, lid. to llld.; me- I dium crossbrcd. lOd. to lid.; coarso cross- I bred, 9d. to 10d.; inferior and logetainod. ( 81d. to 9M.; pioces, 63d. to 73d.; bellies, 63d. to BJd!.; lambs, good, lid. to 113 d.;, lambs,' medium, 91d. to lOld.; lambs, seedy, 7!d. to Bid".; lambs, very Eoedy. 6d. to 7d. . Wo. 6old' the follnwins linesTeowhanga, .croasbrcd.-.1i1d.; WFJ.lover K, latabs, lid.; Trß,"crossbred, lOd.; HD, .lambßj-lljd.''' > MINING NEWS. ■ WELLINGTON SHAKE MARKET. ,A sale of Taranald Oil Wells at 175.. was tho only transaction rocorded in mining sharoß yesterday. The Quotations were as undor;— ' '' ' . < Btiyeni. Sollorß. | ' . • £ B.;d. £B. d. J Blaokwa.t«r — j I S I i Con. Goldfloldß /..... 016 0 Kuranu! Caledonian ~i... 0 0 10 . — UnrriM'».«Creek.;. 0 6 ■0* RoFs)Re'coArtl>ucted —I 0 6 4 Tallsmdn'...;.'.. ll»rj,. ,119 6 Waihl 113 6 114 6 Waihl Grand Junction ... 1 1 9 12 3 Wiaiotahi 0 2 1 " Waitangi 0 0 6 0 0 8 Taranakf Oil Wells 0 16 S 0 18 0 •Premium. ; 1 ' ■ ■' 6TOCK EXCHANGE - > (By-TeJcgraph—Press Association.) . : Auckland, February 7. • Business done at ilrst call;— . Talisman,' £1 19s. 3d, New Waitaia, Ib. sd. Auckland Gas (new),' £3 lis. ' ,' , Now. Zealand Portland. Cement, 19s. 9d. .Christchurch, February 7. L ; Salo repbrted;—South British Insurance, , £3 14s. . - . ■ 1 . " . < ■ ■■ \ Dunedln, February 7. 1 Tho following sales wero reported on the Stock Exchange to-day:— , , J Waihi Grand Junction, £1 2s. • . New. Zealand Insurance,£s; . ' ' . j .•• Wcetport Coal, £1 7b. 9d. r _ £1' 7s. 64.' 1 "' , TALISMAN/'" ' . V ) Karangahakl,. February 7. ■During the broken period of January the J Talisman. crushed and treated 3300t tonß of Ai ' oro, that 1 yielded bullion valued at £18,741 J 14s. Id. Tho costs are higher on account V of tho smaller tonnago milled, owing to k Christmas holidays and necessary overhaul l repairs. The costs totalled 495. 4d., made n up as follow;—Mino development, 13s. 4d.; ] mining, 16s. Bd.; milling, 14s. lid.; fcnoral fi ojepenses, 2s. sd. The, following cablegram j has been- 1 sent to 14 level, '\ ilorth drive,-progrcß 37 feot. no reof. We fi are cross-cutting , east and west. Progress east, 23 feet, progress west, 18 feet. No. 5 14 level, soutn driVe, progrcsß 20 feet, reef I 64 inches wide,, assays low. Sunk Talis- 1 man shaft 8 feet; now cutting pump chamber. The board of direotorß cable that an interim dividend of Ib. 9d.. and bonus of 9d., payable on February 27.' Transfer books.olose February 14. ; - ( 'i ,— — LONDON QUOTATIONS. By Telegraph—Preo« Asrooiation—Copyright ® London, February 6. ® Stock end share market quotations in- | olude:—Waihl Grapd Junction, 325. 3d. (buy- 0 ers) and 33b, 3d. (sellers); Talisman, 375, I '6d. and <os. |

Vari»ti»o ■ • . 1 . complied \ " ■ Prlot. wi'h ■ " - laat w««1l £ «. d. ii% Imperitl Cansoli 7* 15 0 Ea lower 4 „N.8. 1 iV.1033Jiiu.-Jaly 101 0 0 Unchanged 3* „N.S/W.1930.50Mr.-Sp 07 "0 0. '30s lower '' si „N.S.W.-193D-60 00 . 0 0 Unchanged 3 1925Apt.«Ocfc fli 0 -0 Unchanged 4 \„Vic. 1020 Jan.-July 100 0 0 Unchanged 89 „Vic.. 1921*6 Jan.July 04 0.0 Uncnaneed 85 Vic,-ID2JM9 83 2 6 Unchanged 3 Vic. 1929-49Jan.-July 78 0 0 Unchanged 3i „S,A. I91G Jan.-July 03 0 0 Uncliangcd 3 ,, S.A. 1316 Jan.-July 76 0 0 Unchanged 4 „QTdl915-2UaD.-JuIy 101 0 0 Unchanged 3a „ Q'l'dl92'247Jan,-Jttly 34 0 0 Unchanged 8 -7,QTdlJ7i22-47Jau.JuIy 79 0 0 Unchanged • 4 „K.Z. JM9 May-N»v. 100 .5 0 35s lower 3i „N.Z. 11)12-40 Jan.-July PI 0 0 Unchanged 3 „N.Z. 1920 ApriJ-Octi. 80 0 O Unchanged 3J „W.A.1915-35 May-Nat 01 0. 0 Unchanged 3 „W.A,191S-35May-NoT '84 0 0 Unchanged 34 „Tas. 1920Jan.-July DO 0 0 20s lowor 8 ..Tas.lWtMOJan.-July 63 0 0 Unchanged