FARMING COMMERCIAL

Dominion, Volume 7, Issue 1867, 29 September 1913, Page 10

FARMING COMMERCIAL

NEWS AND Norm

HAWKE'S BAY SHOW.

In connection with tlio jubilee of the Hawke's 13ay A. and P. Society, the committee asked a number ,of ladies to specially, revise ,tho.■ schedule of the needlowojk section,' and the result is that ft very up-to-date list of classes has been issued. Tho socioty oiler vory liboral prize-money, besides a number of special prizes.,"! ".'NeSv. classes iiro for tho best 'six pieces of work, Danish or ,Hedobo embroidery, Norwegian or Hardanger embroidery, and whito ; Richelieu work, and numerous others, and one of the society's specially-struck jubilee medals is offered for tho host pieco of .work entered i in--any class in the show.

GENERAL FARMING NEWS.

The: "following- figures in connection, With tlio'Mongoroi Cow-tcsting Association for tho 30 days' period ending September 30,/1918, have been published by jMr. S.yJl'Kenzio...'Tlid poorest cow returns ' Jior .owner about 9s. per month (estimating butter-fat at Is. per lb.), Jind the best earns about £2 15s. Gd. h'ith 55.441b5; of : bntter-fat for tho -inontli/vilt' is estimated tliat it costs about 13s. per month to keep a cow, so tho inference is obvious: —Tho best herd 'averaged 33.00ib5. butter-fat; .worst iierd averaged 16.201b5. butter-fat;. avernyo association cow 2(i.471b5.; the ton (highest cows averaged, 43.3G1b5.; tho ten lowest; cows; averaged 13.12; the host cow- gave 50.441b5. j the'worst' cow gavo OMSlba. Tim highest quantity cf 'milk [given by one cow was ,14021b5. winch at a test of 3.7 produced 01.871b5. butter-fat'..'-.The! lowest quantity of milk given by one cow was 2701b5.', which at n test of 3.i produced 9.181b5. butter fat. ... ( ; ■ .. ... Farriliirji:-iii' South Taranaki -are complaining already of " (ih o drought," rain of any consequence not having fallen there for oyer two weeks—quite an un? usual occurrcnco for this ;timo, of; the year.

A tragedy, of the under-world was unfolded' to a Christchurch reporter last iweek by a Government apiary instructor. Jriie; expert had on his desk two. humble bees.; one of which was almost deVoid of hair, and considerably linttered about .the wings Tho explanation was chat,one of the 'humble bees had got into .a hive, when the guard was • relaxed!'/ and had been "caught ill t'lio net."'."'i'he bees had kept lain prisoner till he"; died, wreaking their vengeance on the 'intruder by pulling out most of Jiis hair. You can see," said the inspector, " that his. tongue is hanging jnit, "so that'lie has died from starva--tioiiViii the midst of plenty."

; The ; difficulty of securing the ser.irises.'of competent butchers, which a, .year;:/ago' threatened to grow acute, tlocs "not now" bulk so largely in the calculations of the freezing ■ companies, speaking on Friday .-at the. amtual meeting of: the Auckland "Farmers' Freezing the chairman (Mr. Joseph Uaritgh) said lie thought they would Hot bo;faced with this trouble again for BomeVyears. Previously, there had been u'roiiii':-difficulty in getting • learners grained, but Inst season tho butchers Went,-on strike, and the companies retaliated by taking on free labour, »f Which thero- was abundance offering. (The result was that eomo hundreds of new., butchers were trained, and there " .were now a larger- number; of competent menj'of this class in Mew'2oalanU than ever.',before.'

pfjaii. said that "there is nothing new'tinder the sun." Milking-ma-chines were supposed to be quite a new thing, .say fifteen, or twenty years apo, Irnt from a paragraph which- .appeared in tfie "Tariinaki Herald" of September 5!G p 1863, taken, from* the .AVnnganui ''Chronicle" of a low days earlier, it would appear, that there were milkingmachines (of ,a kind) in those days.. The paragraph, states, that .at a sale "of the wreck of the Prince Alfred a dozen "Patent Cow-milking Machinos" (being the first appearaitco of the article-in the 'district) wero offered, but purchasers- were raiher shy of the novelty, as only six were sold at a few shillings advanco on the English retail price; • ■

'Every why hath a wherefore," quoth Shakespeare. .Therefore,'there is a reason why you shouldfiiiat'ttll a "Victor" Vat in your cheese fafitoryw:."Victor" ,Vals are tho cheesemau's.; help/ giving thai assist; nnce wheih is so essential.to theViiroduction of first quality■; cheese.' - The sloping bottom and centvcr drainage ensufe a. free flow of whey.'leaving the curd high and dry. A "Victor'.'; Viiienns'. bigger profits, too. Get liaiiiciilars. A. J. Parton, Registered -..Plumber, Carterton.—Advt. Five pence per calf per week for "Gilruth" Calf Food added to tho sltim-milk or'whey will rear calves for the Dairy better than whole milk, and at one-third-the cost.—Advt. ' "

LIVE STOCK SALES

Messrs. Dalgety and Company, Ltd., repoet having had a good yarding ;of"both sheep and cattle at their Feilding sale on Saturday, September :' 27.' r Prices:—Fair mixed hoggets, lte. ild. ■ to ISai; .best mixed hoggets, to 17s. Bd.; forward ewes, ,15s. lid. to ifa. 6d.; light:fat.ewee, t6 £1 is.. 7d.; . yoarlihg heifers, £2.03.' 6d, to £2- 10s.; yearling steers,'to £3; empty cows, £2, 19s. to £3 95.; springing heifers, to -£6.;,.' ,', ■ ' Messrs. Da'lgoty and Company,/ Ltd.; .re-, port having held their usual' fortnightly. Bale at their Levin yards on Friday, September 26, when they offered n good yarding of sheep and cattle to-a'satisfactory .attendance of tho public. Pricta for sheep ruled on a par with late r-ates,' but! the',, demand for cattle was not so'brisk ,and in a number of cases'vendors and purchasers were at varianco in ; regard' to values, and some lines went out unsold. Romo of the prices realised were ae nrider:—S.m. owen.with 100 per cent, lambs, '£1 6s. 2d.; fat-wethers. £1 65., £l 4s. 3d., / £1 3s. 3d,,'£l Js'.t'fat ewe.;, .£l'.3s. 3d':; forward ewes, £1 Is.; fat lambs, from the fitate Farm, made 16s. Cattle: Light-weight ;fat cows, £6 Is. to £6 65.; good-conditioned empty .'cows, £4 95.; 2-year steel's, £4 10s.;. pod (liiality, S.II. yearling-steer,s," £4 Is.; -'springing heifers, £5 to £6; vealcrp, £1145.: Angus yearling steers, £3 to.: store '■'cows, £2 to £2 10s.; 3-year .steers', £6 4s. ' Messrs. -Dalgety and Co., Ltd.. Palmeri.'ston North, report having a good yarding 'of sheep and cattle at their Feilding sale on Friday. September 26:—Quotations :— fiheep: Fair mixed hogect-9. 14s. lid., 155.; pood -mixed; hogsets, 17s. Bc'v.; f. and f. «>we3, ■ 15«. lid. to 16s. 6d.; fat ewo3, £1 la. 7(1.. Cattle: Store cows, £2 95,,/.£3 fa. 6d„ '£3 7s. r yearling steers, £1 15s. to £3: yearling heifers, £1 18s., £2 os. 6d., £2 149.; 'springing heifers. £3 12s. 6d>; 2-year empty Jioifers, £2105.; springing cows,£3Us.; cow -and calf, £6; bulls, £3 7s. 6d.V. £3 lCs. Tho New Zealand Loan and Mercantile 'Agency Co., Ltd., report:—At Feilding, on Friday, a medium entry of sheep and cattle came forward. Sheep sold well, but cattle were inclined to drag. Sheep: Medium ewe hoggets, 16a.; cull ewes and lambs, 183.; fat owes, £1 6s. 6d.; fat wethers, £1 6s. lOd. ito £1' Bs. 3d. Cattle: Three-year steers, £5 165.; backward springing heifers, £3 17s. 6d„ £4 2s: 6d.; yearling steers, small, £1 13s. 3d. to £1 15s. 6d.; 18-months steers, £3 9s. 6(1. ' '• Tho New Zealand Loan and Mercantile Agency Company, Limited, Teport:—At Apiti. on Tuesday, we had a small yarding of sheep and a fair yardins of cattle, all lines selling at late rates. Small mixed hoggets, 12s. 4d.; culls, ss. 6(1.; fat and forward ewes, 17s. 9(1.; woaner pigs, to 195.; yearling heifers, £2 19s. 6d. to £3 2s. 6d.; yearling steers, £3 23.. 6(1., £3 45., £3 55.; yearlings, small, in low condition, £1 18s. 6d. to £2 12s. 6d.; springing heifers, backward, £4; springing heifers, good, £6, £7; springing cows,, to £7. The New k Zealand Loan and Mercantile Agency Company, Limited, Teport:—At Kimbolton on Wednesday, we Wad a good entry of eheon,-cattle, and a small entry of sheep. Sheep sold freely, but cattle wero easier. Fa-t owes, £1 Is.; small hoggets, lis. 4d.; yearling steers. £2 17a. 6d. to £3 7s. 6d.: cows and calves, £4 55.; dairy cows, £7. 7s. 6d.' to £8 ss. fee Now {Zealand Loan and Mercantile Agency Co., Ltd., report :-At our Levin sale on Friday we had a fair yarding of stock, and disposed of the whole of our entry ' at satisfactory prices. We nuote:-Light fat ewes, l- 7 s. 6d.; owes and lambs, £1 4s. Ed.; fat cows, £7-17s. 6(1.; llffht fat billlor 1(3, .£8 lfc.: bettor quality, to £8 P.; hefcvy bullocks, £12 10s,; store cows, £3 118.

Mc3sra. Abraham and Williams report At our Foilding sole, held on Friday, September 26 we had a. good yarding of both sheep and cattle. All stock met with a good demand, and wo have to report a total clearance of sheep and cattle. We quote:— Wether hoggets, 15s. 2d., 16s. lid. to 17s. Id.; ewe hoggets, 15s. to 15s. 6d.; mixed ho?gets, 123. 3d. to 13s. Id.; fat owes (good), £1 75.; fat wethers, £1 3s. 6d.; cull owes, ss. 9d. Cattle; Fat bullocks, £9 lis. to'£9 155.; fat, cows, £5 to £7; ptoro cows, £3 fo. to £3 155.; springing heifers,' £5 ss.;'backward oalvers, £3 Is.'to £3 155.; 2-year, empty heifai-s, £3 to £3 55.; yearling heifers, £2 3a. to £2 18s.; cows and calves, £3 16s. to £1 Is.' Messrs. Abraham ond Williams. Ltd., report:—At Lovln on Friday wo offered a fair entry of sheep and a very heavy y.arding of cattle. Bidding for all classes of sheep was good, particularly for fats. Fat bullocks also sold ivell, and any lines of grown bullocks and good steors, but inferior lines of steers, o.nd, in fact most of the youn.i cattle,' were hard to quit, very little demand existing for this class. Quotations:— Prime heavy owes, - '£1 7s. 2d„ £1 10s. 3d., and £115e.; fat owes, £1 ftj. 6d. to 31 4s. 4d.; fat 2-tooths, £1 4s. Id.; fat hoggets. 19s. lOd.; fat wethers, £1 4s. 6(1.; ewes'and lambs £1 2s. lid. to £1 4s. lid.; hoggets. 15s. sd„ 15s. 7d„ and-165.; small hoggets lis. Bd.; 4-year bullocks. £7 Bs.; 3-year bullocks, £5 18s. to £6; .2-year steers, £4 lis. to £5; 20-months steers, £3 2s. to £3 65.: yearling steers, £2 lte. 6d. to £3 Is.; fat bullocks, £0 ss. to £12;<lirrht fat cows £5 10s.; springing heifers, £5 to £3; springing cows. £* to £9. .Mr. Nowt-on Kins reports:—At TJrenui yards, on September 22. I had a full yarding of both store apd dairy -cattle. Competition wa.B good for mostly all lines ottered,-a very good clearance being made at prices right up to lato nuirket rates, as follow:—Fat cows, £6 to £6 145.; forward cows, £4 17s. 6d. to £5 lis. Id.; store cows, £3 4s. to £4 135.; empty 2-yoar heifers. £3 to £4 7s. Gd.; • 16-month steers, £3 7a. to'£3 12s. 6d.; 21-year and- J-vear bullocks, *£5 12j. 6d. to £6 45.; bulls, £4 10s. to £7; choice liolstein yearling heifers. £4 17s. 6d'.; coloured yearling hollers, £4; mixed yearlings, £2 9s. to £2 Its. 6d.; store pigs. 19a. to £1 lis.; grade yearling heifers, £2 19s. Gd.; 2 and 4-tooth wethers. 17s. 6d.; forward wethers, £1 2s. 6d.; f.m. ewes in lambs, 17s. 6d.; hoggets, 15s. Bd., 13s. Bd u .l2s. 9d.; rams. lis. to 18s. In tho dairy pens I had excellent' competition for igood heifers right at profit, but the 6mall and backward sorts were not in demand. Choice heifers close to profit made from £7 to £9 7s. 6d.; good heifers, £5. 15e. to £6 10s.; 2-year heifers, £4 Ice, to'£6; small or backward, £3 2s. 6d. to £4 7s.- 6d.; guaranteed cows, £4 108. to £10. At Rahotu yards on September 23, there wag only a small entry, the whole yarding being cleared as follows: —Good lines of yearling heifers £3 3a. to £3 7s. 6d.; small, £1 103.; fcood store cows, £4 to £4 15s. 6<L; 3-year bullocks. £6 Is.; choice line of Ilolstein empty -heifers. £5 &3.; empt? 2-year heifers £3 14?. to £2; choice springing heifers '(strong, demand), £7 10s. to £9 Z*; 6d.; Rood, heifers, not eo close up. £5 12s. 6d. to £7 55.; small or backward, £3 10s. to £5 55.; dairy cow 3, £4 10a. to £9 15s. On the same day, in my Stratford iluiry yards I held a euccessuil Ba'e' of springing heifers and dairy cows. -I had a good entry of choice cattle, and there being <t pood attendance, bidding was very brisk, high prices bein? obtained during the sale. I supply prices:— Springing heifers. £14. £12 £12, £11 15s, Ill K l2s. 6d.;'£ll, £U £10 f. £8 10s., £8 55., £7 155., £7 55., £7. £6 155., £6 10s., £5 165.. £5 6e„ £4 15b.. £4 12s. 6d.. £4 165.; dairy cows, guaranteed, £11- ±10, ±8 ss„ £8, £7 10a., £7, £6. £5 Is. Private sales were made during the week as -follow Mixed yearlings £3 155.; for a hno of good coloured heifers, grade mixed yearlings, £2 to' £2.108.1 line.of 210 year ing steers, £3 • Is.; choice coloured yearling heifers, £4 55.; dairy cows, £9;. springing heifers, £5 ss. to £10; store cows. £4 ss. to .£4 7s. 6d.; lioggots, 16s. 6d., 15 s.-lOd.ylas.. 13s. 8d„ 12s. 6d.; fat ewes, £1; fa* wethers, £1 55.; English Leicester, ewes and lambs, £1 ss.

COMMERCIAL ITEMS.

INVESTMENT SHARES. Tho only transaction recorded, in investment shares on Saturday was a sale or Westport Coal shares at n9s. 6d. The Quotations were as under;— _■ . Buyers. Sellers. , . . «s. d. £s. d. National Bank ....' 6 7 0 6 8 0 N.Z. Loan and Mercantile 9'/ 0 0 — Well. Tru»t and Loan ...... 7 16 — Wellington Gas (£10) ... 16 0 (J — : .. .o (111-el.) ' 019 6 - Standard Insurance ■ — 1 " i Gear Meat (£1) 3 5 6,' . . , Union Steam L 4 S 2,5 3 Taupirl Coal 116 — Weatport Goal '.. 1' 5 6 1 10 0 Weotport-Stoukton — 0 4 3 LeyJand-O'liricn — 14.6 l'aringamutu Totaro. 2 5 6 — i Banks, Ltd. (ord.) 1 0 0 — Drawn Brewery — ' 1 15 0 Golden Bay Cement — 100 W.F.C.A. (i-5) - - II <j N.Z. Con. Denta! - 12 0 W.F.C.A. (£1) - 18 .3 LONDON MONEY MARKET. ' Tho Bank of England lost .ti,250,Cv0 of its gold last week, consequently there were corresponding ehringages in tho reserve, and the proportion of reserve to liabilities, the latter standing at 58.34 per cent., as against W. 75 per cent; in tno previous week. -It'iß'.obvious that the autumn demands for gold are being felt. The. Scottish banks will'also be drawing on tho Bank of England'to meet their usual obligations on November'; 1;- The ■ eiEect of the adverse .bank Tcturii. is shown in the • rate for /Short loans,'■which'has risen from £2 15s. I per cent, to" ,'£3 7s. 6d„ while the. rate for three months', bills has advanced from £3 18s. 9d. to £4 2s. 6d.; the rate in Berlin is £5 15s. The Bank of England is inn strong position, and the autumn demands may be met without any stiffening of the rates.

THE RUBBER SITUATION. \For some time past the rubber market has been depressed, and the prico of the commodity has lalien consistently unaer the innuence of expanding supplies. In IM, the year of tho'ruobdr boom, when rubber companies were- basing- launched, rapidly, and. the price of rubber was soaring upwards, many people-'connected with ruober ventures based tneir estimates on a limited output per annum, ana valued the .'output at 2s. 6d. per lb. On this basis many of the companies were expected to pay handsomely and are doing so. There are ; scores of companies not wholly dependent upon rubber, for they produce tea, pepper, cocoa, etc., and so can afford to accept -a comparatively low price for their rubber' production. The' output of rubber must go on increasing, and the price must Steadily fall unleßs new uses aro found, for it. - The projected cartel may bo able to accomplish something, but it is difficult to seo how it is possible to restrict tho output, as rubber w produced in South America, Africa, and Asia and the interests aro diversified. The trouble in the rubber market forms tho subject of an article fn the "Berliner Tageblatt," which remarks that way® and means have been sought for in order to bring about «-n- improvement in the situation of affairs. For instance, Brazil has reduced the export 1 duty' on. rubber, and the duties in the'-Congo have been partly abolished, and partly reduced. In addition! a; large Tcduction in freight rates ha* been made. These small remedies will, however..-not be .-of j much assistance, and the.new plan of forming an internanational syndicate with a capital of £2.000.COO, for the "valorisation" of rubber, in the opinion of the Berlin newspaper, does not promiso well, 'as a long storage of rubber i« impossible. owing to the depreciation ini the ouality. A certain improvement in the situation can only be brought ahout by seeking to increase tho consumption of rubber as much as possible, and the prevailing low prices will contribute •their part in this direction.. But the augmentation in tho consumption will probably no bo able to fully, equalise mattes as it appears more than Questionable whether it will be possible to increase the consumption fn the same degree a"" tho production has been advanced since 1910.

MASTERTON BUILDING SOCIETY., The twenty-seventh annual report of tho Masterton Permanent Investment and Building Society for the year ended August 31 states that tho net profit which.amount* to £2046 15s. ,6d. represents. 7.29 per cent, on tho average. eharo capital employed, as against'7.3s per cent, for 1911-12 Jheloans at tho close of 'the year stalled £52,346. as against £51480 on AugihH 31,1912. Tho profit and loss account shows £3394 Bs. su. on tho credit side derived from interest, fines, and fees, and bank overdraft, £782 10s. 6d.; and management and £565,29. 5d., leaving'a profit of £2046 15e. od.

FEILDING MARKET 11EPORT. Messrs. A. IC. Atkinson and Co.. Ltd. report a mediulm entry of pigs on Friday, with strong demand and high prices, weaners selling , at 155.. ono pen only ottering. ■Sliiw; £1 2s. to £1 55.; stores £1 6s. tod. £1 145., £1 tfs.; porkers, £2 Is.. £2'2s. 6d., £2 4s. 6d., £2 65., £2 7s.;' backward sows. £2 10a. A small entry of poultry made high prices. Hens, per pair, sold at 4s. ,45, 6d. <6. 9d.,'55. to ss. 6d.; roosters. 4s. 5d., 55., to ss. 9d.; ducks, 4si 3d., 55.; heavy, to'fa.; geese, 75.; guinea fowls, 45.; potatoes 6s. to'7s. 6d. per sack; seed up-to-dates, 7s. 6d. cwt,; Early Hose. 7«.: cabbage?, 4s. per sack; cauliflowers, 65.; pressed Kay, £4 ss, ton; chaff, £4 10s. to £4 15a. At Mr. W. B. Giesen's clearing sale good prices were realised. Backward sows. £4 to £6j in milk, £7 10s. to £9 10s.; heifer £7 155.; "Noyean" mare, £40; others £15 to £20, fillies, £5 to £16.

CUSTOMS. Onetoms duties collected at tlio sort, of Wellington oil Saturday totalled £1366 Oe. Id., tlio amount for tho week being £11,856 15s. lid. Tho returns tor each of tho past eight weeks, compared with l-tio figures for the corresponding period of the previoue ycer, show as undor:— 1913. 1913. August 9 24.194 1 10,179 August 16 10,344 9,114 August 23 27,014 £7,261 August 30 15,876 17,218 September 6 20,434 10,446 September 13 22,266 26,132 September 20 22,671 21,558 September 27 11,857 15,362 £154,656 £137,560 The beer duty collected for tho past week totalled £186 <s., as against £275 17(3. 9d. for tho corresponding week of last year. SOOTHERS MARKETS. (By Telegraph-Prces Association.) Oamaru, September 28. The week has been a poor one in wheat transaction?, due to a dearth of offerings. Farmers aro apparently nearly sold out, and stocks aro in a very small compass. The net prices paid to growers i;ave been —Velvet, 4?.. Id.; red cliaff, 3,5. 9d!; .solid straw, Tuscan, 3s. 6id. and 3s. 7d.; Marshall's wliitc, 3s. 6Jd. and 3a. 7d. J'lie £a.me remarks apply to oats, which are also scarce. Sales of "A" Grade havo been mado at 2s. Id., and "B" urade 2s. net at country stations. Oatsheaf chaff sells at £3 10s. net 'on trucks. There has been a better demand for potatoes but with no improvement in prices; £1 15s. net at country stations for freshly-nickr.d lots i 3 the ruling figure, but for the liighest grade as much as £2 haß been given for small lots. LONDON VIOOL RAiEB. By Telegraph—Press Association—Copyright (Bee. September 28, 5.5 p.m.) London, Soptembcr 27. At tho sales, the following nrices were realised for tlio lleece portions of the clips named :—"Titi," top price 13d., average 12Jd.; "Hastings," top 14ad., average 12* d. AUSTRALIAN WOOI/ CLIP. Sydney, September 27. : Messrs. Dalgety's estimate of tho Australasian wool clip for the current season is 2/07,C00 bales, ail increase of 160,000 as compared with the previous season, when tho total was 224,700. Australia contributed 1.718.CC0 and ■ New Zealand 529,H)0 bales. It is predicted that there will b? increases in Now South wales, Queensland Victoria, and New Zealand, decreases in South Australia, and that tho outputs of Western Australia and Tasmania •will bo stationary. . . The "Herald's" rough estimate ol the ' value is over £32,CCQ,C00.

FROZEN MEAT. (Eee. September 28, 5.5 p.m.) 1 London, September 27. The Incorporated Society of Meat Importers' Smithficld market ouotations for the undermentioned classes of frozen meat aro based on actual sales of not less than one hundred carcasses of mutton or lamb, or twenty-five quarters of-beef of fair, avertie quality. Tlio quotations are not for selected lines, but for parcels fairly repraKjiitativo' of tho bulk of tha shipments now on tho market. The Dricea wtnch. follow are on tho avenuro a farthing J*??*.inoro than the. values cr chip, this difference representing the average cost in expense, handling, conveyancc, and selline the meat:— _ . 97

• . . Sept. 20. Sept. 27. Mutton— ■ «f- J',. Canterbury, light 5 3-8 5 «■» Canterbury, medium 4 3-8 Canterbury, hea.vy * ■ Southland 47-16 47-16 ■ North Island, best 45 4S North Island, ordinary .43-8 4 3-8 Australian, light 313-16 313-16 Australian, heavy j>s 'Ji •River Plate,, light River Plate, heavy 4 3-16 4 3-16 New Zealand ewes 4 a 10-lb Australian ewes * Itiver Plate ewcu lift-mb—' ' ,„,i Canterbury, light 511-16 oil-lb-Canterbury, medium 53-8 si-8 Canterbury, heavy 51 - 5i Southland 5 5-16 5J North. Island, ordinary 5 5-16 5 3-16 North Island, ... 43*8 5 5-16 Australian, b<*L * # Australian, fair * Australian, inferior * t River Plato, first * ■ River Plato, second BeefNew Zealand, ox fores ... 3/i 3 New Zealand, ox hinds ... 4i Australian, ox fores 3J 3>, Australian ox hinda 4i 4ft River Plate, ox fores 3j 31 River Plate, ox hinds 41 4} 1 River Plate, chilled fores 3$ 3j River Plate, chilled hinds 53 53 •Nono offering. ■ Rabbits.—The market is flat, and tending downwards,' owing to summer weather.

MINING NEWS.

WELLINGTON SHAKE MARKET. Tho transactions in mining shares on Saturday wero: Talisman at 41s. 3d.: Wai'hi Grand Junction at 20s. 9d.; and Waitangi at 7d. Tho quotations were as under:— liuycrd. Sellers. £ s. d. £ 3. U. Hauxaki Reefs 0 0 31 . — Murray CreeK (old) 1 6 0 — Murray Uroak iivjw) 0 6 0' — Ner<r : Sylvia 0 0 11 0 10 Ross. Reconstructed 014 4 0 15 0 Swastika — 0 12 0* Talisman 2 13 2 1-6 Waihi 2 7 6 2 7 9 Wailii Grand Junction ... 10 6 — Waitangi . 0 0 7 0 0 8 •i'reniium. . STOCK EXCHANGE. ■ (By Telegraph.—Press Association.) V .Auckland, September 27. Sales:— Talisman, £2 Is. 3d. Grand Junction, £1 Is. Axtoo Arcade, 19s. 6d.

TALISMAN CONSOLIDATED. (Bv Teleirapn.—Dpeclal I'orreejonflent.) Auckland, September 28. Recently an inspection was made of tho Talisman Consolidated Mine, Karangaiiake, by two directors of tho company—Dr. l'rcudergast Knight and Jlr. R. 1). Jackson, and they forwarded, a, report by mail to the chairman of directors of tho company in London. The report states that they wero moro than pleased with their inspection, the several development- points being very interesting. Very littlo of any consequence wag left for stoping above tho random of the twelfth level, and no new developments had been made above this level. -The thirteenth level had- opened out better than any level above, and the fourteenth seemod to bo better still. The most curious, and interesting feature,, of this level, had been the flattening of the reef, and the continuation of values on an almost level plane. , In the northern end of the Dubbo sections and further, a supply of ore might bo obtained from this point. Tho continuance of values at a point where the reef became flat had never before been found in tho previous history of the mine, and at the extreme southernmost point of this level, the reef had cut out, and a crosscut, No. 8. was being made to tho east with a view to seeing if the lodo had been missed on tho fourteenth level, .which was turning out by a long way the best level which had been disclosed in tho mine. Several runs of new ore had been disclosed. ' The Bonanza and Dubbo shoots seemed to be about' to form one continuous.lode. For a distance of 1600 feet tho total footago of non-payable ore would not exceed 300 feet,. The most interesting point of the mine was the No. 19 winze, which - wiis going down at tho extreme southern end of the Dubbo section, where values had been found. This was down at the time of tho visit 27 feet; ore had carried good pay-able values lor ihat distance, 1 and neither wall was snowing on tho nay down. At the point of the commencement of tho sinking of this winze the lode was 15 feet wido; this, if continued, would arid considerably to the oro reserves. The other interesting point- in the Dubbo cection was tho vugg which had been met with, and tho discovery of a connection, between it and No. 12-winze, as shown by the air in -the vugg being affected by the pulsations of the pump in No. 12 winze, preparations wero being made for the sinking of No. 6 winze in tho northern end of the Bonanza section, a continuation of the best winzes in this most payable section of the mine. High values were carried down tho whole distance between the thirteenth , and fourteenth levels, and tho management are in hopes that this run of rich ore will continue to go down. The next year will undoubtedly be one of the most interesting in the history of tho mine, as the Woodstock shaft was now down to the random of the fourteenth level, anil in about three months the chamber for machinery will be finished, and the pump placed in position. Then driving north and south will be N commenced, for the oiploration of the Woodstock portion In Taukaui Hill the new Otis pump in the Talisman shaft was working well, and took all the water (30,000 gallon? per hour); it had a reserve of 20,000 .gallons per hour to come upon. Generally, the prospects of the mine, n-3 developed at present, had never been better than now. DREDGING RETURNS. (By• Telegraph—Press Association.) Dunedln, September 27. Gold drofeing Teturns:—Rise and Shine No. I, 260z. 12dwt.; Olrlg, 13oz. 17dwt.