LIVE STOCK SALES.

Dominion, Volume 6, Issue 1751, 16 May 1913, Page 8

LIVE STOCK SALES.

. Messrs.: Dalgcty and Company, Ltd.,., report on their sale as follows;—A med-uin entry of sheep'and a good yardinj? of oattlo wero offered to a. lar;;o attendance of buyers. Sheep were rather easier than last sale's report, but wo had a good elearaneb at tho following list of prices;— Small lambs. ss. 6d. to 6s. 6d.; medium blaclifaced lambs. Bs.; good-conditioned shorn lambs, to Bs. 7d.: need ewes, 6s. 6d.: Gmall' two-tooth wethers. 12s. Hi.; fat and forward ewes, to 12s. 7d. Cattle: Tho bulk of this entry consisted of 18-months. and 2S-ycar"slcei'3, prices obtained being in favour of buyers; IS-months steers "realised £3 7s. 6d. to £3 175.; 2i-ycar steers, to £5; small mixed wcaners. to JSs.

Messrs. James Macintosh and Co. rcDort having held their usual weekly sale in their Waipoua. (Masterton) sale yards, on Wednesday, when they offered a yarding well above advertised numbers, which met with good competition, and the whole yarding was sold under the hammer, with tho oxcoption of two pens. There, was also a good yarding of cattle, which also met with good competition, and very few went, out unsold. The following prices were realised Two-tooth wethers (small), lis. Bd., 12s.' 7d. to 13a.; woolly b.f. lambs (email), 6s. 9d.. -7s. 7d. to Bs. 9d.: emntv ewes, ss. 7d., 6s. 7d., 7s. 4d. to Bs. 10d.: ewe 3 in lamb to S.D., 95.: ewes in lamb to Lincolns. - 21a.; shorn lambs. Bs. 2d. to ,Bs. 10d.; 2-tonth ewes and wethers, 12s. to 14s. 6c1.; pigs. ss. 9d. to 7s. id.: orapty cows, £2 16a. to. .(53 155.: dairy heifers, in calf. Si 16s. to £4 19s. COMMERCIAL ITEMS. . INVESTMENT SHARES. . The sales recorded yesterday were: Now Zealand Insurance at £5 Is. 3d.; Union Steam, new, 435.; old, 435. 9d.; Wellington ■Woollen, ordinary, at £3 12s. 6d.; and Westport Coal at 275. 6d, The Quotations were as under:—. Buyers. Boilers. J £ s. d. £ e. d. N.Z, Loan and Mercantile 0 10 6 — Well. Investment 010 9' Oil 3 Well. Trust and Loan... 7 2 0 —• Well. Gas (.£lOl — 16 2 6 Well. Gas (pref.) 10 4 — i\ T .Z. Insurance 5 0 0 — Gear Meat (£1) 3 2 6 — Meat Export (535; 6d.) 2 18 9 2 19 6 Tjnion Steam (new) 2 3 0 2 3 3 Mosgicl Woollen — 3 12 0 Well. Woollen (ord.) 3 12 0 3 13 0 West-port Coal 17 0 17 9 Golden Bay Cement — 10 3 Ward and Co : 4 19 0 — U.S.A. WOOL BBSHIPSIEKTS. Largo rcshipments of Australian and other wools have been made from the United States to the United Kingdom, partly a.s the preliminary effect of .tho tariff revision. "No little interest has been ovinced in the wool trado because of tho heavy shipments of foreizn wool to London and Liverpool," says the Boston "Commercial Bulletin." "The first. of these shipments of any amount occurred an Fel> ruarj" 4, when tho ICingstonian carried out nearly, a half-million- pounds of comeback Australians to London, presumably for resale at tho - March series. These wools wero held in bond to a New Hueland mill account. Othor shipments have sinco been mado for both mill and dealers' accounts, mid are shown as follow, per manifests to the Boston Chamber of Commerce

Boat.' , Date. Destination. £ Kingstonian Feb. 4 London 433 446 Canadian... Feb. 7 Liverpol 93,953 . Sachem ... Fob. 12 Liverpool ...... 199,360 Anglian ... Feb. 14 London 135,707 Carjiathia... Feb. 18 Liverpool 15,Ce0 Total 934,176 "These lots , included other comebacks, some <0-44's crossbreds and some 64's merinos, tho latter douhtlces going to Bradfprd,. which is doubtless the ultimate destination of all the wools shipped to Liverpool. In addition to these wools, some other lots have been under negotiation, but the principals have not as yet and may not pet close, enough together to effect sales. Two reasons may bo adduced as the cause for the exports of tliesei wools at the present time, neither of which presupposes a future demand from this country, "under areduced tariff, .for English-made goods. In' the caso of the merino 64's, a, better net, return will 'be yielded the owners in tho English markets to-day, and, indeed, has already been paid, than could-he obtained here. This is duo to the fact that there has been no demand', practically speaking, from. New England, manufacturers, who have been accustomed to buy wools of 64'S grade for many months, although there is a growing belief that the demand for these wools, owing to the increasing do mand for wools of the crosslired order, which has forced up the price of low wools disproportionately high and lowered the fine wool values will brine fine wools of this once-popular grade back into favour. Incidentally this would. oE course, per se. strengthen tho position of domestic competing flue wools, such contrast with tho situation in this country, English manufacturers have had an unusually strong market for woolj of 64's grade, and tonmakers have had no little difliculty in securing well-grown wools of this grade. A part of the demand thus occasioned is said.to bo due to the growing regard and call for Western styles, particularly in v.oollen clothing in the Orient, especially in China. The second reason for these shipment? lies in the simple fact that some, of the wools had been in bonded warehouses nearly the full three years -iixed by statute, after which time had expired the owners would have been obliged to withdraw them and pay the duty. Whether they be la : ter reimported. as has been suggested in some quarters, is doubtful. It will he interesting to watcli further d'* velopmciits iii the way of resbipmonts of wool abroad. Some lloston operators believe that there is little if any more wool likely 'to be reshipped, basing that belief on the -likelihood of a demand for those same wools here in the near future."

TJIE AMERICAN TAHIFF. According to mail advices the chamrcs proposed in the American tariff arc briefly as under:— Wool placed on the free list. Combed wool and tops arc reduced from 105 per cent, to 15.per cent. Cloths, kni't fabrics felts, smti mnnufnrturcrt goods, from 97 per cent, to 35 per cent. Yarns,'from 79.3-1 per cent, to 20 per cent. .'•Blankets, from 72.69 per cent, to 25 per cent. .Flannels, from 93.29 per ccnt. to 23 ner cent, audi 35 per cent. Glothin;;, from 79.53 pot- cent, to 35 ner ccnt. Dross goods, from 99.70 ucr ccut. to 33 nea: uouti

Wobbings, etc.. from 82.7 per cent, to .15 per rent. Carpels from 60 lo 82 per cent., reduced to 20 jnid 30 per cent. llarley malt. from £2}d. in 12Jd. n. bushel. Out?, from 7id. to sd. n. bushel. Wheat, from 12id. to sd. a Imsliol. .ltiitler, from 3d. per lb. to I'll, per lb. Cheese. from od. per lb. to 20 per cent, ail valorem. COMPANIES EEOISTEIiED. In the list of companies registered published ill this week's "Jlercantilo Gazctto" thero appear tho following:— Moutcre A Fruit Lands. Ltd. Registered M;iv 6. Office, Hardy Street, kelson. Capital, .630,600, into 1200 .'hares of £25 each. Subscribers—Nelson: N. A. -U'Laren, 10; W. A. Itee, 60; 11. JI. Jackson, 40; 0. V. Fall, 40;' Albert Doe ,60. Ntoko; A. P. Allport, 80. Wellington; J. 'IV llorn, 80. Objects; To purchase, sell, .and deal in laud, etc. Lieber and Fauvel, I.td. Registered as a private company, May 8. Ollice, 262 Lambton Quay, Wellington. Capital, £flooo, into <£00 shares of £1 each—29so prcf. and. tOSO ord. Subscribers—Emma. F. Ijicber, 2950 and 525 ord.; A. 'X'.. Fauvel. 525 ord. Objects; To acquire the indent and general importing wholesalo business now carried on by F. E. Licber, nt Wellington, uudcr tho style, of "N. ijicber." Alexander M'Jlillan, Ltd. Kegistercd as a. private company; .May 9. Oltice—Wellington. Capital, £5000, into £000 shares of £1 each. Subscribers, A. M'Millan, 1629 f.p.u. and 921 ord.; J. C. Kiddcll, 829 f.p.u. and 1621 ord. Objects: To ocuuire tho business of A. Jl'Millan at lle?bcrt Street, Wellington, under the style or "M'Millan and C 0.." saw and tool makers, oil' and maciujiery merchants. Customs duties collected at the port of Wellington yesterday amounted to £4140 103. Bit. THE WHEAT OUTLOOK. The New Zealand Loan and Mercantile AecncJ- Company, 'Ltd., have received tho following cablegram 'from their London house under date May 14:—"We have sold an Australian cargo at £1 lis. c.i.f. There is very little demand owing to the ilne weather, and tits outlook is encouraging. Wo quote per quarter c.i.f.: Now Zealand wheat, long-berried, £1 16s. 6'X; sltortbcrricd, £1 16s.

. WHEAT. By Telegraph—Press Association—Copyright London, May 14.« Official quotations for wheat;— South Australian, I\cw South Wales, and Victorian, for prompt delivery, 375. 9d.; on passage, 38s. 9d. Liverpool fixtures. 92 ccnts; Juiy, 89. SILYEE. \ London, May 14. Bar silver is quoted at 28Jd. per ounce standard. AUSTRALIAN PRODUCE QUOTATIONS. (liec. May IS. 9.50 p.m.) I Sydney, May 15. Wheat, is quoted at 3s. 9Sd. I'iour. £8 15s. Oats, Algerian feeding, 2s. 6d. to 2-3. Bd.: milling 2s. lOd. to 2s. lid.; Sparrowhills, 2s. lid.; Giants. 2s. lid. to 3s. Barley, Capo feeding, 3s. lOd. to 4s. Maize, 3s. 9d. to <!s. Jlrap and pollard. £4 10s. I'otutoes. Tasmanians, £6 10s. to £7 10s. Onions. Victorians,;£B to £8 55.; Now Zealand's. £6 153., ex store. Butter, selected, 9.45.; good. 88s. to 90s. Cheese. 7id. Bacon, 6Jd. to 7d. Adelaide, May 18. Wheat, 3s. Bid. to 3s. 83d. 31o«r. £8 15s. to £9. Bran and pollard. Is. Id. MELROUBXE IIIDE3 MARKET. (Hoc. Hay 15. 9.50 p.m.) ' Melbourne, May 15. The hi'des market is firm, and prices aro unchanged; kips show a, little improvement. MINING NEWS. WELLINGTON SHAEE MARKET. Thero were no transactions in mining shares yesterday. Waihis were firm with buyers at 425. 6d. Talismans were steady and so wero Grand Junctions. The quotations wero as under;— Buyers. Sellers. • • £s. d. £s. d. New Sylvia 0 0 B — Progress 0 7 3 — Ross Reconstructed — 0 6 5 Saxon — 0 0 1 Talisman 1 19 0 119 9 Victoria 0 0 1 — Waihi 2 2 6 2 3 0 Waihi Grand Junction ... 0 17 6 0 18 0 Waitajjgi I) 0 3 — STOCK EXCHANGE. (By Telegraph—Preti3 Association.) Auckland, May 15. Sales on 'Change this morning;— Occidental. 11(1. Ross, 6s. sd. Waihi, £2 3s. 9d„ £2 33. Grand Junction, ISs. 6d., 17s. lOd. Union Steam, £2 '4s. Kauri Timber (pd.). £1 16s. Christchurch, May 15. Sales reported on the 'Change this morning:—Crown Brewery, £1 65.; Taupiri Coal. £1 2s. 9d.; New Zealand Farmers, £2 10s. (two parcels); Waihi. £2 Is. Dunedln, May 15. The following sale was made on tho Stock Exchange to-day :— Waihi, £2 35., -£2 3s. (three parcels). Tho following sales wero reported;— Waihi, £2 35., £2 3s. Westport Coal, £1 7s. 9d.

mount ltell company. By Telegraph—Press Association—Copyright , , Melbourne, Jlav 15. The half-yearly report of 'the Mount Jjycll Company showed a credit to profit and loss of £520,370, and liouid assets in excess of liabilities amounting to £494,519. Tho ore reserves total 1,079,384 tons. Owing to difficulties experienced in unwatering and cleaning the mine, tho directors regret that thev are unable to state when the usual conditions will ho restored, hut hope it will be by Juno nest. MINE MANAGER'S BEPORTS. ■Watchman.—Tho deviation tunnel is in 1664ft-., leaving 133Jft. to connect at tho battery level. The sampling of tho Dunouin reef has been started. Bonanza.— Tho drive is in 149 ft. from the mam drive. It is penetrating favourable country. Waitangi' Consolidated.—At the intermediate, level, a start has been made to take a six-foot 3topc north aud soutli of the rise. The leader was broken down for 15ft., and showed nice dabs of free gold, also a littlo telluridc. Firo pounds of picked stone were secured. Sinco starting to rise, the leader has been found to be going up vertical, which proves that it caniiofc be No. 1 leader. *>In the winze, No. 1 leader luis a big underlay, and the two should come together at a lower depth. A crosscut is. being put in ia an oa6terly course to cut the leader. Waiotahi.—Much better' progress was made with the borehole during the past week. It is now down 165 ft. from the bottom of the shaft. Another'266ft. should reach the ICCCft. level. Dominion.—The deviation drive at the low level is in 53ft. Since cutting through the hard bar, the country met with is good firm andesite, traversed by Quartz stringers and mineral seams.-