LIVE STOCK SALES

Dominion, Volume 6, Issue 1818, 2 August 1913, Page 8

LIVE STOCK SALES

COMMERCIAL ITEMS.

MINING NEWS.

Messrs. Dalgoty and Co., Masterton, report baring hold a very successful ciearint; sale of dairy slock, otc.. on account of Mr. 1). Mott, at his homestead. i'crnbridge, on Thureday, when there was a larec attendance of buyers from the surroundine districts. Tho following prices were realised:—Dairy cows, Aueust calvers, £8 2s. 6d., £8 10s.. £8 155.. £9, £9 Ss„ to £9 10s;: September, calvers, £7, £7 2s. 6d., £7 155.. £8 IPs. to £8 10s.; (ictober calvers, £6 7s. 6d., £6 10s.. £6 17e. 611. to £7 55.; November calvtrß, £5 15s. to £i 17s. 6d.; ycarline heifers, £2: yetvrline Uolstein bulls, £3 55.. £4 2s. 6d. to £4 10s. Bhecp: Mixed aced breeding ewes, 235. 9d.: f.m.' breeding ewes. 12s. 6d.; mixod luwcets. 16e. 6d.: medium hoggets, lis. 7d.; b.f. hoKEcts, 9s. 10d;: 2tooth wethers, 15s. ilorses. broken to all mrk, JlB, £19 155., 10s.. £27 10s. to £28: light harness horses, .£9 10s. to £13 10s.: unbroken 2-year-olds, to £9 10s.; ditto. 3-year-olds, £16 lte. Piss: P.B. Yorkshire breeding sows, £4 ss. to £5 10s.; youne breeding sows, £2 155., £3 10s. to £4; Yorkshire boar. £3 55.: 6tore Diss, £1 ss. to £1 10s.

Messrs. Dalgety and Co. report:—At our Levin sale on Friday we offered a lareo entry of both sheen and cattle to a bie attendance of the nublic. The demand for sheep was very keen, and we quitted almost all lines under tho hammer. Oattle met with Tather a sale at the start, but' brightened up considerably as the snle went on. There was a good demand for dairy etock. and wo disposed ol macueait.v all linea under tho hammer and privately at the close of tho day. Wo a note tho following prices;— Ewes in lamb. 13s. 2d., 175., 18s. Id. to 18s. 2d.; 2 and 4-tooth wethers, to 19s. Id.; lambs, 9s. to 12s. lCd.; forward owes, 12s. 6d., 155., to 15s. 7d.; fat ewos. to 17s. 6d.; fat wethere, £1 9s. to £1 175.: rams, to 15s.;' springing heifers, £4 16s. to £6 2s. 6d.; springing cows. £3 165., £3 17s. 6d., £4 10s., £4. Us., £5 15s„ £5 165.; £6, £6 lis. 6d.. £6 125.; 18-month's heifers, to £3 10a.: woaners, 28s. £2 ICo. to £2 135.; yoarline Holstein heifers, to £4: empty cows, to £4 10s.. to £6 Is.; fat cows, to £6; fat heifers, to £5 lis.

INVESTMENT SHARES. There were no transactions in investment shares yesterday. Tho quotations were as under:— Buyers. Sellers. £ b. d. £ s. d. National Bank (old) 6 10 — Metropolitan Building ... — 12 6 6 N.Z. Loan end Merc 0 10 4 — N.Z. and River Plate 2 0 0 — Wellington Investment ... — 011 8 Well. Trust and Loan 7 10 — Wellington Gas (£10) 16 5 0 — S.B. Insurance 3 14 6 — Christchurch Moat 15 3 6 — Gear Meat (£4) 12 8 0 — Goar Meat (£1) a 3 4 0 — Meat Export (525. fid.) 3 2 0 3 5 0 N.Z.' Shipping 15 15 0 16 5 0 Well. Woollen (ord.) 3 13 0 - Xeyland-O'Brien — 14 0 Golden Bay Cement — 10 0 Manning and Co 4 3 9 — Sharland's preference 113 119 Ward and Co - 5 3 0 — W.F.C.A. (5) - 7 2 6 W.F.O.A. (£1) ' - 18 3 NATIONAL BANK OF NEW ZEALAND. Commenting on the balance-sheet of the National Bank'of New Zealand, just issued, the "Financial Times" says:—Tho excellent report published by the National Bank of New Zealand is the more noteworthy in that tho comparison was against exceptionally good figures. The gross profit for the twelve months ended March 31 amounted to £244,800, as' against N £222,200, and the not profit came to £135,500, as compared with £120,700. Tho board distributes only a littlo over one-half, or, to be oxoot, £&S,CCO, as a' dividend and bonus at the rate of. 13 per cent.,, tho same as a year ago, and allocates £15,000 to premises account, £20,000 to reserve fund, £15,000 to reserve for depreciation of investments, and £10,000 for staff bonus and officers' pension and gratuity funds. Last year the amount" placed to investment depreciation account was £10,000 -loss, tho other allocations being practically tho same. Tho carry forward has been increased by to a total of £36,7C0. According to tho bal-ance-sheet the deposits and current accounts are rather lower, being £4,229,400, against £4,357,900 at the corresponding date in '1912, but the increase in business done is reflected in bills discounted, which have gone up from £828,900 to £880,000, and in advances, which have risen from £3,202.800 to £3,356,700. The bank's available resources have just received an important addition from tho new issue of capital, which raises the paid-up capital from £5C0,0C0 to £750,0C0, and gives in addition £125,500 as share premiums. Tho latter amount has been placed to reserve, and brings that funds up to £645,000.

CUSTOMS. The Customs duties collec'ted at the port of Wellington yesterday amouted to £1701 12s. Id., the total for the month being £76,667 13a. sd. Tho returns for each of the past seven months, compared with tho figures for the. corresponding poriods of last year, dhows as under:— 1913. 1912. £ «. d. £ s. d. January 56,827 2 4 84,856 14 6 February 81,918 16 5 72,741,10 5 March 7Z.483 3 4 74,464 3 6 April 68,444 17 9 67,986 6 3 May 67,998 5 2 61,666 15 8 Juno A. 68.565 3 7 63,960 16 3 July 75,657 13 5 60,602 5 0 536,895 2 0 466,318 11 7 i Tho beer, duty for the past month amounted to £917 6s. 6d., as against £1023 os. 3d. for tho corresponding month of last year. AUCKLAND CUSTOMS. (By Telesraph—Pre6S Association.) Auckland, August 1. Customs Teturns at Auckland for July and for the Eeven months of this year show remarkable increases in all line?, except timber. The soven' months' figures follow:—Butter, £530,404 increase. £37,223: cheeee £30,826, increase ' £486; beef £38,559, Increase £29,288; lamb and mutton £77.663. increase £48,258; flax , £100.C07, increase £89,123; kauri gum " £322,525, increase £93,402; hides £34,022, increase £11.484; skins £25,869, increase £11.870; tallow £44.225. increase £13,768; timber £89,296, decrease, £88,472; wool £356,333, increase £72.039; Eold £462,483, increase £42,651; silver £63,788, increase £1955.. PETROLEUM REPORTS. New Plymouth, August 1. Excellent progress is being made by tho oil-boring companies. The Blenheim Company's bore is down 1080 ft. Tho water was shut off at 970 ft. The Phoenix Company. Which started on July 22. is down 160 ft. The Bonithon Company, using a rotary plant, lias bored 240 ft. in seven days. Tho Taranaki Oil Wells, Ltd.,- is receiving numerous inquiries for ' its products. 80UTHEBN GRAIN MARKET. . Clirlstchurch, August 1. j There is still no movement in grain, no offerings of any kind being made from tho country. Tho season .has been a record one for absence of business in the local trade, and there appears to be no immediate prospects of an improvement, wheat- is not likely to bo wanted until millers require to replenish their stocks There is no outlet for oats in Australia, and the North Island is apparently beine able to supply its own raiuirements more and more every year. The oat market is if anything weaker. The potato market has further weakened, and £2 ss. and £2 7s. 6d. at country stations is now being offered, and ?L- , r ,<l ua l>tity has changed hands at this latter figure. Inquiries made as to the prospect of a market in Sydney show that New Zealand potatoes would not be worth more than £5 there, and that would only mean about £2 at country stations. Ihe Sydney market is at present beina well supplied with white varieties of toes, and tho Melbourne market is much lower than Sydney.

LONDON MARKETS. Mossrs. Dalgety and ComDo.ny, Ltd., Wellington have received cablcd advico from their London oflte. dated July 31—Frozen Meat: The demand is sustained, hut sales aro beine forced. Prices aro Jd. to id. ner lb. lower for lamb. For beef, hind-quarters are lower by Jd., but fore-aijartore are unchanged. Tallow-Mutton : Good to prime, par to 3d. cwt. higher; mixed good to prime 6d. to 9d. per cwt. higher: low and inferior descriptions, 3d. to 6d. per cwt. higher. Beef tallow: Market is neelcoted.

BANK OP ENGLAND BETUBNS. By Tolegraph—Press Association-Copyright Bee. August 1, 9.50 p.m.) London, August 1. The Bank of England return issued for the week ended Wednesday, July 30, is as undeir:— ISBCE Department Hots Issu* £&6,193,000 Oov.dobb ... X 1,015 QOO Other seenri- ' ' "M 7,<34.(100 Gold 37.741,000 £56,193,000 . £56,193,000 BANKING Department. Proprietors' Govt, seourl. • capital £14,563,000 ties £12,757,003 Public de- Other securiposits ... 1Q,937,000 ties,'.. 29.191,000 Other deposits -... 40.832.000 N«t«s ... 26.435,003 Rest, 7-day s.nd other bills... ... 3,603.(300 C«la... ... 1,443,000 £69 823,000 £69.825,000 The leading Items of the Bank of En?, land return afford tbo following comparison . This vreek Last weak Last year Bullion 37,744.000 37,169,000 39.365,000 Reserve 27.87T.000 27,717,000 29.089,000 Note circulation 29.758,003 29.460.000 30,034.000 Public Deposits 10.937,000 11.510,030 17.373.0C0 Other Deposits 40,832,000 40,051.000 41,8JJ,000 Proportion of reacrvo Ea v ll&bilitiei.. , W. 84 W.GS «,68

GOVERNMENT SECURITIES. The following aro the latest quotations for Government securities, with a com* parison of those ruling lat-t week:—

BANK BATES OF INTEREST. The Bank of England raw was, on February 8, 1912, reduced from 4 to 3i per ccnt.. and on' May 9 it was further reduced to 3 nor c«nt; On Aucust 29 it was raised to 4 per cent., and on October 17 to 5 per cent. It waa reduced to 4J per ccnt. on April 17, 1913. The Bank of France rate was reduced from 3J to 3 per cent, on January 23. 1908. and continued at tho latter figure until September 12. 1911, when it was raised to 3J per cent. On May 17, 1912, it was reduced to 3 per cent., on October 17 it was t&i&ed to 3} per cent., and on October 30 to 4 per cent. MARKET RATES OF DISCOUNT. The following are tho market rates for best three months' bills:— London Paris Berlin rate, • mte, rate, per per per cent, cent, cent. This week 41-16 33 4| . Last week 4 33 42 Last j r ear 3 2J 3J , Short loans are quoted at 3i per cent., as against 3 per ccpit. last week, and U per oent. last year.

COLONIAL AND OTHER PRODUCE. Wheat—Tho market is steady, but very quiet, as millers are pursuing a hand-to-mouth policy. There ia some inquiry for Australian on spot at 395. to 395. fid. Flour is steady. Australian, on spot, 275.: parcels, July-August shipment, are held for 255. 9d. Oats.—There is a better inquiry. New Zealand sorts arc unchanged. _ Beans are firm, but sellers' prices are too high to permit of forward business beine done. There have been some eales of f.a.a. ex store .it 375. 7d. Peas' are firm. Parcels, July-August shipment, sold at 425. fid. to 435. Butter—Tho market is dull. Danioh is quotcH at 118s. to 1205.; choicest Australian i' 3 nominally 104s. to ICBs.: New Zealand butter has been all cleared. Bacon is firm and unchanged. Sugar.—German beet. 88 per cent, net titrc; Id. higher at 9s. per cwt.; first marks RTanulatcd, f.o.b. Hamburg 3d. higher at 12s. Bradford Tops.—The marmot is more cheerful, and prices are unchanged. Sixtyfours, 29>d.j supor eixtiss, 29d.; common rixtics, 2Bd. to 285 d.; fifty-sixes, 223 d.; fifties, 20Jd.j forty-sixca, 16Jd.: forties, 153 d. THE METAL MARKETS. - Copper, on spot, 30s. hicher at £67 2s. 6d. per ton: electrolytic. 3fts. hiehor at £69 ss. Tin, on spot, 70s, lower at £182 per ton, Lead, soft foreign. ss. lower at £20 IDs. per ton. Pie-iron.—Middlosboro' No. 3, <d. lower at 555. per ton. VICTORIAN PEODUOE MARKETS. Molbourno, August 1. Wheat, 3s. 9d. Flour. £8 15e. Bran and pollard, £4 15s. Barley. Enelish maitinu, 3s. 9s. to 4s. Id.; Cape. 2s. lid. to 3s. 2d. Oats. Alcorian, 2s. to 2s. 4d. Maize, 3s. 3d. to 3s. 9d. Potatoes. £2 3s. Onions, £6 ss. to £6 10s.

WELLINGTON SHARE MARKET. 'At tho morning call yesterday a sale of Talismans at 40s. 6d. was reported, at tho afternoon call sales of Waihi at 465. 6d„ and Watchman at 2b. 6d. wero recorded. Tho quotations were as under:— Buyers. Sellers. £ s. d. £ s. d. Kunanui Calodonian 0 0 8 — Murray Creek (old). — 16 6 Murray Creek (now) — *0 8 0 New Sylvia 0 12 0 14 Ross Reconstructed 0 8 6 — Talisman 2 0 0 2 0 6 Victoria' 0 0 5i — Waihi 2 6 0 2 6 9 Waihi Grand Junction ... 12 0 — Waitangi 0 0 8 0 0 10 "Premium. STOCK EXCHANGE. (Br Telegraph.—Preso Association.) Auckland, August 1. The following sales were made on 'Chanee at tho morning call:— Talisman. £2 Os. 6d. Wilson's Cement (ord.). £1 Bs. 6d. Tho following business was done at the 3.15 p.m. call:— Ross Goldiields, Bs. 6d. Waihi', £2 6s. 3d. Waihi Grand Junction. £1 2s. 34.

Chrlstchurch, August 1. Sales reported—l'auniri Coal, £1 Is. 6d.: We3tport Coal, £1 Bs. Dunedln, AuguEt 1. The following Eale was reported on the Stck EichJvnKe to-day, Kise and Shine, £1 lis. The following eales were reportedWestport Coal, £1 Bs., £1 fc. 3d.; Union Steam, £2 35.; Standard Insurance, £1 125.; Waiotahi, Is. Hid.; Mosciel Woollen, £3 116. 6d. PAEROA GOLD EXTRACTION CO. Auckland, August 1. For the four weeks ending July 26 . the W&ihi' Paeroa Gold Extraction Company treated 12.5C0 tons of tailings for a return of £4470. The company has now treated 175,500 tons for total extraction of £57,911 6s. Bd.

DREDGING. , Dunedln, August I. Dredging returns: Electric No. 1, llOoz 2dwt.; Manuherikia, Z2oz.: Mastorton. 220z. 12dwt.

Variation — compared Fries* with . laRfc weelr. £ i. d. 2J% Imperial Consols 73 0 0 Unchanged i ,.N.S. W. 1933Jan.-Tuly 10(1 0 0 20b lower 34 „N .SAV .1930-fiOMr.'Sp 97 0 0 Unchanged 3 J „N.S.\V.-1030-50 b0 0 0 Unchanged 3 „N.SAV, 1923 Apl.-Oct 62 0 0 Unchanged 4 „Vic. 1020 Jan.-July WOO Unchanged 3i „ Vic. 1021-6 Jan.-July 02 0 0 Unchanged 34 „ Vic,-t929-49 CO 0 0 Unchanged 3 „Vio.irr29-49Jan.-July 77 0 0 Unchanged 8 J „8,A. 1016 Jan.-JuJy £0 0 0 Unchanged 3 „8.A. 1916 Jan.-July 73 0 0 Unchanged 4 „QTdl915-24 Jan.-July 300 0 0 Unchanged Ul „ QTdl9-22-47Jan.-Jui>* 03 U 0 UncliauBed 3 ,.QTd 1922-<7Jftn.-July 77- 0 0 Unchanged 4 „N.Z, 1929 May-Nov. 100 0 0 Unchanged 3l „N.Z. 3!)liM0Jan.-July 00 0 0 Unchanged 3 „N.Z. ItfiO April-Ocfc. 77 0 0 Unchanged Si „W.A.1915-33 May-NoT 88 0 0 Unchanged 3 „W.A,101n-S5May-N r OT MOO Unchanged 3| ,,1'as. JKOJan.-July fc8 0 0 Unchanged 3 „Tas. lthW-40 Jan.-July 61 0 0 Unchanged