LIVE STOCK SALES.

Dominion, Volume 6, Issue 1691, 6 March 1913, Page 8

LIVE STOCK SALES.

Messrs.. Dalgety and Co., Ltd., report having held -a successful sale at Mr. Grcenaway's property, Dry Eiver, Jlartinborou&h, on Tuesday. A largo number of settlers throughout tho district were present, and live -and dead stock ofTered sold at full market rates. Somo of the prices realised are as under:—Sheep: Fat and forward woolly lambs, 12s. 10d.; old ewes, 7s, 7d. Cattle: Dairy cows in millt, £4 to £14 55.; mixed weamors,' 345.; springing heifers, £4 12s. 6d. to £5 ss. Horso3: Aged reldincs. £11 "to £11 10s. The implements Slid Bulldries all sold at full market rates, and the salo all through was in every way a successful one.

The Now Zealand Loan and Mercantile Agency Co. report:—We submitted a goud yarding of sheep to a large attendance of buyers at the Solway yards (Masterton) yesterday, but owing to tho continued d-ry weather, competition was anything but keen, with tho result that tho sale was rather dragging. Good rape lambs made 10s. 7d.; store do., S3. 9d. to 6s 1 . lid.; 0u11.3, 3s. to 5?.; 4-year-old ewes. 10s. 9(1.; aged do., 2s. 6d. to ss. 9d.: forward wothors, 13s. 7d.; fat cows, £4 10s.

Now Zealand Loan and Mercantile Agency C 0.,, Ltd., report:—At Haun-.ai,, on Tuesday, wo had a fair entry of sheep and cattle. Sheep sold well, but _catUe were inclined to drag. Sheep: Store -cues, 6s. to 7s. lCd.; s.m. breeding owes, 10s. 3d. to lis. Cattle: Store cov.'s, £2 to £2 14.--. 6d.'; forward heifors. £3 35.; springing heifers, £5 12s. 6d. to £7 25.; bulls, £3.

Messrs. Abraham and Williams, Ltd., report:—We held our annual Wa.iono sale on March 3, in yards kindly placed at our disposal by Mr. L. Malmanche. Wo offered well over 2Mu sheep to r. large attendant-*,. In sympathy with outside markets, tho demand was not keen, but we sold the bulk of tho entry at prices quite equal to tlioso in the larger centres. Young ewes, 10s. 9(1. to 125.; s.m. owes, 9s. to 10s. 9(1.: f.in. ewo3, 4s. 9(1. to 7s. 3d.; 2-tootb wethers, lis. 8(1. to 12b. 3d.: good shorn lambs, 95.: othors, 4s. 2d. to ss. 7(1.; Lincoln rams, li to 2Jgns.; 2-1-yoar steers, £5 35.; er.»-.y heifers, £3 ss.

Messrs. Abraham and Williams, Ltd., report on their last Pahiatua stock sale as follows:—We ottered a heavy yarding of sheep and fair ono of cattle. Business under the hammer was not keen, but wo made a good clearance eventually at ruling rates. Two-tooth ewes, '10s. 10d.. 12s. to 15s. 9d.; mixed aged owes, 9s. to 10s. 5r1.: store ewes, to. 6d. to 65.; 2-tooth wethers, 13s. Id.: medium lambs. ss. 9d. to 6«. 4*1.; good shorn lambs, 7s. 9d.; others, 2s. Jld. to 55.; good Ttomncy rams. 25 to ogns.; others, li to 2gns.; good Lincoln rams. 2) to 3}gns,; f.m, rams, Bs, to 165.; good

weaiter Heifers. £2 12s. 6(1. to £3; good weancrs, 30s. to £2 25.; mixed weaners, 25b.; store rows, £3' 10s. to JE4.

Messrs. Abraham and Williams. Ltd., report on their Johnsonville sale as follows:— A good entry of both cattle and sheep cainc forward, and sold at much reduced rates.' Prime bullocks, £10 Bs. to £10 10s.; lighter, £9 15s. to £9 175.'6(1.; light, £9; vealors, 30s. to 335.: good wethers, Vte. 6(1. to 17s. 9(1.; medium wethers, 16s. od. to 16s. 3d.; medium ev.es, to 15s. to 15s. 6d.; prime lamb, 13s. 6d. to 13s. 8(1.; medium labs, 12s. 6(1. to 135.; plain, lis. id. to lis. 6(1.; prime shorn, 12s.

ADDINGTON MAItKET J!EI'OHT. (By Telegraph—Proas Association.) Chrlstchurcfc, March 5. At, Adding'ton tho entries of shenp were about tho same as last week. .Stores wore again yarded In large 'numbers, and in other departments there were average sunplies. Store sheep again sold sell, a further advance being shown in the better classes of ewes and lambs. Fat lambs 'also advanced in price, as export buyers had resumed their operations now that the freezing works aro' fun-handed again. Fat sheep -wero easier. Fat cattle sold a little better, but stores were dull of stile. Porkers were firmer, and bacon pigs easier. Store sheep; The sale became slightly irregular towards tho closo. The (mutations'are: Lambs, forward rape sorts. 13s. to-13s. 9d.: extra, 14s. t-o 14s. ll'J,: fair rape lambs, lis. 9(1. to 12s. 9d.; fair average sorts. lCs. 6d. to lis. 6d.; medium stores, 9s. 9d. to. 10s. 3d.; inferior, 9s. to 9s. 6d.; small, 7s. to 9s. 6d.; culJs, 4s. 6rt. upwards; ewe lambs, 145.; ewes, 2-tooth, 13s. 3(1.; for small inferior lota, to 205.; for good hnlf-brods,-2, 4, and (-tooth. 145.. to ibs.; 6 and 8-tooth, 13s. 6d. to 16s. 3d.; 2 and 4-tooth to 14s. 4d.; 2, 4, and 6-tooth, 12s. 6d. to 13s. 9d.; 4. 6. and 8-tooth, 14s. to 155.; 4 and 6-tooth, 15s. to 17s. 6d.; one line of extra halfbreds, to 19s. lid.; sotind mouth ewes (good class), 16s. to 175.; sound mouth (medium), lis. Gd. to 155.; full and failingmouth, 9s. to 10s.; aged, ss. to Bs. Cd.; wethers, best lots (none special), 13s. 6d. to 15s. 9d.; others, including small 2tootlis, 12s. to 13s. sd.'

Fat lambs. For tho first time since the slaughtermen's strike export bftyers were operating, and competing keenly. A further advance of 6d. to Is. per head upon previous week's values took ijlate. but the increased prices pur head were mainlv due to the better quality of lambs offered. Host lambs made 17s. to 20s. 6d.; and lighter, 14s. Id. to 16s. 6d. These prices were equal to SJ(I. per lb. for standard weights, and sd. to Sid. per lb. for over-weights and second quality.

Fat sheep: The range of prices was Prime wethers, 18s. to 225. 6d.; lighter, 16s. 6d. to 17s. 6d.; prime ewes, 16s. to 20s. 1(1.; medium, 13s. 6d. to 15s. 6(1.: aged and light, 10s. 7d. to 13:*. '

Fat cattle; A good clearance was made at prices ranging from 225. 6(1. to 30s. per l®olbi, according to nualitv. Steers made £8 ss. to £10 lCi-,.1 cxtfT, to £14 10s.; heifers. £6 IDs. to £9 55.; a.nd cows, £6 ss. to £9 7s. 6d.

Store-cattle: Yearlings realised 325.; 15 to 19-months sorts. .£2 i7p. Pd. to £4 Is.: 2year heifers, £4 ss. to £4 15s.' (tlie latter hcine extra pood), and dry cows, £3 fe. 'to £5 12s. 6d.; dairy cows made £5 to £11 ss. Fat pigs: Choppers, 60s. to 82s. 6d.; heavy baeoners. 58s. to 705.; and lighter sorts, <Bs. to 505., equal to s<l.- to 5Sd. per lb. Heavy parlors broncht 435.' to 475.; and lighter kinds.. .>s.i. to 405., equivalent to bjil. to 6d. per 1 lb. Store niss: Ijaree stores realised 455. to Ms.; medium; sorts, 365. to 449.; and small stores, t 235. to 295. . Weanerg, whirh also met with a Rood demand, brought 14s. for small pigs, to 19s. for well-groivn torts.

COMMERCIAL ITEMS. INVESTMENT SHARES. The sales recorded yesterday were: Union Steam,, rights, at 12s. 6d. and 13s. 3d.; and Taringamutu Totara at 455. The Quotations were as under:; Buyers. Sellers. £ 6. d. £ s. d. Equitable-'Building — x 9 12 6 N.Z.'Loan and Mercantile 0 9 6 Well. Trust and Loan .... — 7 3 0 Christchurch Gas 7 7 0 7 10 0 • Foilding Gas — 10 3 Napier (£10) — 21) 0 U Napier Gas (£5) ; — 10 0 0 Gas (pref.) — 1 0 0 ; N.Z. Insurance 6 3 0* 5 3 6 S.B. Insurance 3 16 3 »— Meat Export (525. 6d.) ... 2 17 0 3, 0 0 TJiiion Steam 2 8 3 "90 Union Steam (rights) 0 11 6 fl. 13 6 Well. Woollen (pref.) * • -2 16 3 Taupiri Coa!l , 1 3 0 — Westport Goal — 17 9 Golden Bay Cemcat ...... — 10 3 Manning and Co ; 3 18 0 N.Z. Portland Cement s, v •... -0 19 6 Sharland's ordinary — '110 Whitcombc and Tombs ... — 6 8 0 W.F.C.A. (£5) - 7 5 0 LONDON" WOOL RALFS. The second of the series of London wool sales commenced in Coleman Street on Tuesday evening, and the' tone of the market at the opening was cuitc no to expectations. Fine wools were firm at the closing rates of the January sales, while coarse woolr advanced about 11 per cent." The ,eale is' being well attended, and while American buyers arc operating with caution owing to uncertainty ds to the tarifr changos in the United States, Home and Continental buyers arc operating freely, and«we are assured by.the High Commissioner that the demand exceeds the supply. The fact that coarse crossbrcd3 have advanced will •be gsod sews to the woolgrowers of the North Island, although the advance could not have been unexpected by these, who ..have fallowed market movements pince the close of the last sales. It is satisfactory to note that there is. a fair quantity of New Zealand , wool in the rntitlogues, the total being placed at 75.C1C0 bales. Considering the firmness of the situation and the strength 'of the demand it would occasion no surprise if there is a* further advance as the' salc3 progress.

' MAORILAND STEAM SHIP COMPANY. Tho sixth annual report and balancesheet of the Maoriland Steam Ship Co. for the year ended December 31, 1912, show that the gross profits totalled £3CBQ Is. lid., and the amount derived from interest on deposits, was £50 12s. Bd., mailing a total of £3131 os. 7d. The expenses totalled £910 17s. 7d„ of which salaries accounted for £632, and deducting this the net profit for tho year was £2211 35.. equal to 10 r?r cent, on the capital. There was brought forward from the' previous year £86 3s. 2d., making available £2300 Cs. 2d. The dividend for the year is 5 per cent.., but as the amount of tho paid-un capital is not disclosed in the balance-sheet, wo assume that the "subscribed capital" of £44.000 participates in the dividend, if so, £22M will be absorbed. leaving £100 6s. 2d. to be carried forward, but as the divectors usually receive by way of remuneration one hundred guineas, the balance will be insufTiciont to meet- this cTiaree. The •amount of the dividend paid in February last year was £1100, which is cqu.'il to 5 par cent, on £22,000, aiid that would mean that the shares are paid up to 10s. If the 5 per cent, dividend is on a paid-up capital of £22,000, then t.he dividend, plus the payment to the directors, will absorb £1250, and there will remain to bo carried forward £1050 65."2 d. It is somewhat singular that tho, paid-up capital is not disclosed.

The assets include shipping property, £<0,600: sundry debtors, £1069 13s. 4d.; stores on hand, £200; office furniture, £-15: insurances paid in advance, £956 ss. Jld.; mid cash on deposit, in bank and in hand, £4670 23 . 5d.: total, £47,541 Is. Bd. Tho report says:—"Your directors have to report that with tlie increased pay to cre-.vs of steamers and wharf labourers, holiday payments to officers, etc., and increased price of bunker coals, the cost of running steamer? keeps increasing yearly. The outlook is reasonably satisfactory for 1913. and your (l'rcctors look hopefully forward to a successful-yea,r."

The company appears to have done exceedingly well, and is buildj/ig up a strontr finance. The only liability, apart "subscribed capital," is £1240 15s. 6d. for sundry creditors, against which is cash. £4670 2s. 5d., and sun-dry debtor*. £1069 13s. 4d.

Customs duties collected a* the port of Wellington yesterday amounted to £8177 6s. Ltd.

CANTERBURY GRAIN MARKET. (By Telegraph.—Press Association.) Chiistchurch, March 4. The local wheat market is quiet but firm, thcro not having been much grain offering this'last week. Harvesting in North Canterbury will be almost completed this week, very little grain now remaining uncut. Since the late rains pond progress has been made with the threshing out of crops in stook and stacking, but, though there are some pood individual yields, the average i 3 much below that of last, year, especially in oats. The latter arc. dull of sale, as merchants are unable to find any outlet, unless shipment can be made later on to the Uiiitcd Kingdom. Tim North Island demand is very riaek this year, and there appears to bo no disposition to Foeculate in oats. Prices are without change, and the tone o? the market is weak. Vorv little business has yet been done in chaff, an it is diflicult to 'pet. fdimning space to the North Island, and Wellington is being supplied from Blenheim by means of small river steamers. Cna.*. tal steamers do not e-nre to carry chuff because o! its bulk. For forward delivery 50.4; to 525. 6d. is being offered locally. The grass seed market is r/uieL both for ryecrass and cocksfoot. A little business has been dono-in peas, but the bulk of the crop is still unflire'died. For delivery this month £4 still beiiur given for early varieties of potatoes. The early crop fs prolific so far as number? of am concerned, but the percentage of small ones in unusually large. m'ANTfAL CABLEfIRAMF. By Telegraph-Press Aesodat ion—Copyright London, March 4. Hank of Australasia, buyers £112, sellers £11$.

Hank of New South Wales, buyers £38, sellers t £<0. Bunk of Victoria, buyers £4 2s. 6(1., sellers £4 l?.s. o*l., ex dividend. Union Haul; of Australia, buyers £E6, sellers £58. National Hank of Australasia., buyers £4 155., sellers £5 os. National Hank of New Zealand, buyers £5 35., sellers £5 15s. Hank of New Zealand, buyers £11 10s sellers £12 10b. Dalgety and Co.'s shares, buvers £5 17s. 6d„ sellers £6 ss. l.iuik of New Zcnla-nd 4 per cent, truarantei'd slock, .£99. ; IT.K.. Loan and Mercantile Agency 4 ner cent, dcllenturw, £96 lte. City of Melbourne 4 per cent., £98. • Mclbournfe Harbour Trust. 4 per cent., £97 Tramway Trust, 4j per cent! ■ Melbourne and Metropolitan Hoard of Works. 4 per cent, debentures. £98. Australian Jlercnntilc debentures, £95105. WHEAT. (llec. March 5, 11.15 p.m.) London, II arch 5. The American visible supply of wheal east of the Rockies is estimated at 114.843.CC0 bushels. METALS. (Hec. March 5, 11.15 p.m.) London, March 5. Copper, on spot, £66 per ton: three months, £66 2s. 6(1.; electrolytic, £69. Tin. on snot, £217 10s. per ton; three months, £213.