LIVE STOCK SALES

Dominion, Volume 7, Issue 1883, 17 October 1913, Page 10

LIVE STOCK SALES

Mossrs. W. and G. Turnbull and Co., Ltd., report having lield their weekly sale in their Woipoim yards on Wednesday, October 15, when they offered a. good yarding of sheep, but only a small entry of cattle, which met with good competition, and the whole yarding changed hands at the following prices:—Ewes with lambs, £1 3s. 6d.; woolly wether hoggets, 16s. lid.; woolly wother ewes, 16s. Id.; mixed-ecx hoggcte, 12s. Id., lfo. 6d„ to 15e. 3d.; old store ewes, Bs.; fair store ewes, 13s. 2d.; springing heifers, £6, £6 10a., to £6 65.; Bprincing cows, £6 to £7; fat cows, £5 to £5 lCs.; yearling lieifcrtf, £2; yearling steers, 355. 6d. to £2; cows and cnlve6, £4.

The New Zealand Loan and Mercantile Agency Company, Ltd., Levin, report;—At our Upper Hatt sale on Thursday wo had a fair yarding of ftock, and despite the rough weather made, with the exception of one pen, a clearance at satisfactory prices. We quote:—Light fat ewes, 18s.: wcancr steers. £1 te.; young store cows, £3 10s.; empty heifors. £3 10s.; bulls, to £2 106. Messrs. Dalgc'ty and Company, Ltd., Palmerston North, report having yarded 780 head of cattle at their umudl ecrtag Ma. tfild (A y«dn«nlnr, JCnnna.

cattle, in most instances, were turned out unsold. Grown cattle mot with very fair competition, and practically all lines chuuged hands. Quotations:—Cull yearling heifers, £1 2«. to £1 10s.; yearling heifer©, £2 135., £2 355., to £3: mixed Polled-Angus yeaTlingf), £3 13s. 6d.; twoyear heifcTS, to £3 lis.; empty cowe, £2 10s. to £2 155.; forward cowb, £4 to £4 10s.; cows and calves, to £3 35.; three-year steers, £5 385., £6 55., £6 155., to £6 .385.: three and a half-year bullocks, £7 55.; light fat bullocks, £9 12s. COMMERCIAL ITEMS. INVESTMENT SHAKES. There were no transactions in invests mcnt shares yesterday. The quotations , were a 9, under;— Buyers. Sellers. £) s. d. £ s. d. National Bank 5 7 0 5 8. 0 Weil, investment — 011 9 Well. Trust and Loan ... 7 2 0 — Christchureh Gas 615 0 7 0 0 Standard Insurance 1 12 0 1 12 6 Gear Meat (£4) 13 0 0 — Gear Meat (£1) 3 9 0 — i Union. Steo-m (pre!.). 0 19 6 — i Union Steam (ord.) — 16 0 J Wellington Woollen {ord.) — 4 10 : Westport Coal — 1 11 0 1 Golden Bay Cement — 10 0 Shetland's preference ... 1 1 3 — : W.F.C.A. (£5) - 614 0 j W.F.C.A. (£1) - 16 6 NEW ZEALAND'S PROSPECTS. Writing on the money market and the advance in the Bank of England discount rate, this week's "iiercantilo Gazette" refers to the prospects for New Zealand in i the following terms:—"Tho main point of interest for us is, How will New Zealand be affected P It would be childish, to attempt to delude ourselves with the idea i that wo will wholly escape the effects. At 1 the samo time, we believe most emphaticj ally that New Zealand wiil be affected only to a minor extent. We have .just concluded a year of almost record exports. For tho year ended September 30*iffst the , valuG of tho principal products exported I from New Zealand totalled £23,158,449, ; against £19,319,093 in tho previous year, ' a gain of £3,839,356, which, it will be ad--1 mitted, is an extremely satisfactory exI hibition. Besides this, our pastorali6ts I have experienced an excellent season; the I winter has been mild, and stock have ! thriven wonderfully, the reports from all j quarters being excellent. The production 1 of all our staple commodities of export will be greater than in the past season, wiiiLe the outlook for prices is decidedly good. The dairy farmers arc assured of an expansion in volume, and are certain of exceedingly high prices. The growers of-meat for erport can also rely upon handsome profits, and wool-growers will do well. The by-products of the pastoral industry are also , likely to command good prices. The returns from what may be termed natural sources will be very good, and to add to this the Treasury is seeking to replenish its coffers by raising a loan in London for £3,500,000. With the Government well supplied with funds, and the people receiving excellent returns from the resources of the Dominion, it will require something in the nature of a monetary cataclysm to affect us very seriously. On the face of it, we are justified in looking for a prosperous year." * . PACIFIC CABLE BOARD. Particulars of the accounts of the Pacific Cable Board for the year ended March. 31 show that traffic receipts amounted to £170,307, arid "after defraying necessary expenses (including £68,095 for cable stations), the excess of receipts over expenditure made up a total of £45,275. The net traffic receipts exceeded those of the previous year by £11,135. The extensions of the board's system, mentioned in a previous report, had been satisfactorily completed during tho year. The total cost of the extensions could not yet bo stated with absolute precision, 3)3 there were accounts to come in from Australasia, but the reports says it might, with substantial accuracy, be given at £177,730. As a result of the laying of a.new cable between Australia and Now Zealand considerable changes had been made in> the distribution of the staff. During the year under review two modifications of previously existing rates had been introduced; one, the institution of what was practically a rate of 9d. per word between the United Kingdom and Australia on messages of a new clafis, called "week-end cable letters," and tho other the reduction of the rate for ordinary press messages between the came terminals from 9d. to 7jd. per word. It was too early yet to form a judgment as to the extent to which advantage had been takenof this la-tost innovation. But up to date the traffic under the head of the week-end cable mossages had averaged about SCOO a,' week. As illustrating tho benefit that theso cheaper services confer on tho public, it is mentioned that, comparing tho auarter to March 31, 1911, when neither tho deferred rate nor tho weekend rate was in force, with the quarter to March. 31 la6t (the first three months of tho week-end service), it was found that the number of words had increased from 329,438 to 473,491, an increase of 44 per cent., while the cost to tho public had increased only 16 per cent. In a tabular statement showing tho progress of the international, traffic since the opening of tho cable it appears that the total number of word* dealt' with in 1902-3 was 228,354, as compared with 2.131,376 in 1911-12, and 2,670,575 in 191213. In addition; a very considerable intercolonial traffic was carried botween Australia, New Zealand, ond the Fi.iis,

AUSTRALIAN MEAT TRADE. Australia seems likely to obtain a footing in France for frozen meat. Argentine moat pays a French import duty of Us. per oivt., while Australian meat has to pay 20s. per cwt. Australia has to pay tho maximum duty, because Australia charges a high import duty on French wines, whereas Argentine does not. The British Chamber of Commerce in Paris has prepared and 6eut to the High Commissioner for Australia in London a memorandum regarding tho possibility of the Commonwealth negotiating with the French Government an arrangement ensuring the application of the French minimum tariff or "most favoured nation." treatment ,of Australian products, A large refrigerating bonded store is now in course of erection at Havre for the Union Cold Storage Company, and will probably be ready for traffic by tho end of the year. The possible installation-of refrigerating'machinery by the Messageries Maritimes in their cargo boats from Australia formed the subject of on interview which took place between M. Lecat, Administrateur-Deleeue of the Steamship Company, and Sir John Pilter, chairman of the Australian Committee. Sir John pointed out that the import of frozen meat into Switzerland alone had now reached 10C0 tons for the last twelve months, not to mention other perishable goods, having increased considerably during the last two years, and it would bo in the company's interests to have a storage service with' Marseilles, as the trade.. would otherwise go via Genoa. M. Lecat expressed himself ready to give, this question of cold storage careful consideration, and he remarked that possibly next vear such accommodation could be provided.

LONDON MARKETS. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house, under dato October 15:—WTieat: Havo sold am Australian cargo at 356. 9d. c.i.f. There is very littlo demand, owing to heavy arrivals, and market is Hkely to decline. Sheepskins: Market ig firm, with an upward tendency. Customs duty collected at tho port of Wellington yesterday amounted to £1815 13s. 6d. AUSTRALIAN PRODUCE MARKETS. (Kec. October 16, 10.5 p.m.) Sydney, October 16. Wheat (old), 3s. 7d„ 3s. Bd. Flour, 15s. Oats, Algerian feeding, 2s. 7d„ 2s. 10d.; milling, as. 10d., 2s. lid.; SparrowbilLe. 3s. 2d„ 3s. 3d.; Giant 6, 3s. 3d., 3s. 4d.; NewZealand "A" Gortons, 3s. <d. Maize, 4<s. 3d., 4s. 6d. Barley, Cape malting. 3s. 3d, 3s. 6d. Bran and pollard, £410s. Potatoes, Tasinanians, £5 10s. Onions, Victorian, £7 10s.; Japanese, £10 106. Butter, selected, 1075.; secondary, ICOs., 105e. Oheese, 63d. Bacon, 10d„ 10Jd. Tho first consignment- of the new season's wheat, 80 bngs-an excellent sample—was cold at 3s. lOd. Adelaide, October 16. Wheat, 3s. 7d., 3e, 7ml, Flour, £7 17s. 6d. £8 2a. 6d. Bran and pollard, Is. Did. HIDES. Hclbourno, October 16. Hide«.—Fair supplies, active competition; prices firm. METAL MARKETS. London, October 15. Copper, £70 155.; electrolytic, £76 15s Tin, £184 15s. Lead, £19 155.; imports, 15.517 tons, Australian 6869; exports, 5343 tons. TALLOW. At the tallow sales 1334 casks were offered, and 1059 sold. Prices realised Mutton. fine 375. 3d., medium 345. 6d.; beef fine 355. 9d., medium 345. ' SILVER. London, October 15. Bar silver js quoted at 281 d. per ounce standard. LINSEED OIL AND TURPENTINE. Raw linseed oil, spot pipes, £22 75. g(j pc-r ton. ' . Turpentine is quoted at 30e. 4Jd. She: "I always think of motoring as the poetry of motion." He: "Yes, until tho machine breaks down; then it becomes 'blank verse." Employer: "Do you know the duties of an office boy?" Offico boy: "Yes, sir; wnko up the bookkeeper when I hw tie Jxs3 emifts." -