COMMERCIAL.

Dominion, Volume 8, Issue 2378, 6 February 1915, Page 10

COMMERCIAL.

LIVE STOCK SALES. Mosjm. Dolgety and Company, Ltd., report having held a most successful sale in Alfredton on Thursday. There was a largo entry «£ stock, which were in splendid condition, and showed plenty, of quality, especially tho cattle. They report a. total clearance of the yardinc at prices highly satisfactory to vendors:— Hhoop: Two and four-tooth ewos, 17s. 4d.: two-tooth cwe6, 16s. 2d.; four and five-year breeding owes, 12s. 5d., 145.. 14s. lid., 15s. Id., to 15s. 4d.; two-tooth wethere, 14s. lid.; b.f. rape lambs, lis.; store ewes, f.m., 9s. to 10s. 6d.; -w.f. lambs, 6s. 6d. to 10s.; twoshear Southdown rams, 4teps.; aged Romicy rams, 10s.. 10s. 6d„ Us. to 1 guinea. CatU: Forward bullocks, £8: two and a half-year P.A. heifers, r.w. Heleford bull, £5,15.; two and a half-year S.H. and P.A. heifers, r.w. Hereford bnll, £6; fat and forward heifera, £5, £5 Is., to £5; empty heifere, £3 10s. to £4 195.; fifteen-month steers, £3 10s. to £3 125.; two-year steers, £4 145.; fifteen-month dairy heifers, r.w.b., £2 14s. . Messrs. Dalgety and Co., Ltd., report on their Upper Hutt stock eale, held on liursday :—A very heavy yarding of both aheep " and cattlo camo forward, and although bidding was slow' practically the whole entry chejiged hands at satis/actory rates. The annual offering of rams took place tho same day, and n*e submitted from tho flacks of Messrs. E, I. lliddiford and Co., T. Kussell, and T. W. Burrell a. good entry of Bomneys, which met: with loir competition, every sheep being sold under the hammer, rams averaging from 2 to 4 guineas. Qjber se-lee a.re as under:— I.M. ewes.'los. to 13s. 7d.; medium woolly lambs, 6s. 2d. to 7e. 3d.; two-tooth owes, lis. Id.; prime fat ewes, 20s. 6i; forward woolly lambs, lis. Cattlo: Forward threoye" steers, £8 9s. to £10; fat cows, £5 9s. to £9 65.; forward cowe, £4 10s, to £5 55.; store cows, £2 ss. to £3 7s. 6d.; edghteenmonti hoiiers, £2 18s. to £3 25.,- heifere in oatf, £6 2s. 6d. to £6 55.; heifers in milk, i>t> Ze. bd:; springing cows, £5 10s. to £7 155.; eighteen-month ilolstcin cross heifers. £4; oowb and calves, £5 45.;" bulls, from £4 to io 12s. 6d, At their Levin stock eale, held on Friday, Messrs. Dalgety nsd/ Co. ro port:—A fair yarding o£ sheep camc forward, and met fair competition, prices being on.a- par with last, sale's rates. Tho demand for medinm lambs was perhaps not quite so keen, but most lots offered changed hande. Principal sa.lC3 made -were as nnder:—Good shorn rapo lambs, 10a. lOd.: woolly lambs, medium, 95.; .small do., 7s. 7d. to 7s. Bd.: cull tJ!? store ewes (low condition), Bs. 2d. An entry of 600 medium quality fat ewes sold at from 16s. lOd. to 17s. Cattlo: Fat cows; £6 to £6 95.; fat heifers, £5 2s. 6d. to £5 10s.; empty cows, IB ' 12e - 6d.; forward empty f?™' £5 10s.; cows and calves flow condition), £3 175.; eighteen-month heifers, •£3 56.; two-year steers, £4 9«.; two-year Herostf°r^ c £S fe - ; heifers, £4 13s. to £5: wcaaers, z3s. to 285.; bulls, from £< to £7. Loan aaid Mercantile Agency Co, report:—At our Upper Hutt yards on Thursday we submitted a large yarding of sheep and cattle, and cleared practically the. whole of our yarding at satisfactory prices. We quoteMixedsex lambs, 9s. 2d.; two-tooth wethers, small, low condition, 12s. 6d.; fat and forward ewes 145.; aged rams, to 13s. On account Messrs. Burdan Bros., ffainui-o-mater-Two-tooth rams, from 1 to 3igns. ; Holstoin-Jersey cross heifers, April oalves, £8 12s. 6d. ; springing cows, £6 ss. to £7 17s. 6d.; empty heifers, £3 6s. to £4 lis • empty store cows, £4 3s. 6d. to £4 6s : cows with calves, to £5 155.; bulls, to £7 35. ; weancr pigs, 13s.

COMMERCIAL ITEMS

. INVESTMENT SWATtttn ' In, the investment market yesterday there wero sales of Equitable Buudine at £9 6s ex diVi, and National Bank at £5 Bs. The quotations were as follow:— Buyers. Sellers. at ;' t. , £s. d. £s. <L National Bank 5 7 6 _ ; - Bank N.Z. (old) 10 3 6 — Bank N.Z. (new) 16 7 6 ■ — Ij.Z. and Biver Plate 119- 6 — Well. Int. T. and A Oil 0 — ■ Auckland Gas 17 9 Christchurch- Gas (£5) ... 7 6 0 —' Palmers ton -North Gas... 12 0 o ' — N.Z. Insurance 6 2 6 — • Meat Ex. , (£2 12e 6d.) 215 0 — • N.Z. Shipping' (pref.) 10 0 0 — Union Steam (ord.) 13 0 — Steam (pref.) 10 9 Well. Woollen'lord.) ...... 484" " — Well. Woollen" (pref.) ...... 32 6 35 0 Westport Coal 111 6 — • Lbyland-O'Brien 116 — Taringamutu ■ 2 4 0 Manning and. Co. 4 13 S 5 0 0 N.Z. Drug 2 5 0 — Sharland (ord.) 12 0 — Shariand (pref.) 12 0 — • Ward and Do. 510 0 — W.F.C.A. (£5) - 6 S o jCustoms duty collected at the port of Wellington yesterday amounted to £2344 lis. 3d, • WOOL, SKINS, AND HIDES SALES. The fortnightly 6ato of wool, skins, hides, tallow, and sundries was held in Wellington 'yesterday by the various brokers, whoso reports are appended:— Messrs. Dolgety and Company. Limited, report:—We submitted a largo oatalogae to a full bench of buyers, and rises in prices were the order of the day. Present . prices are gradually getting nearer the famino margin, and under existing conditions there djipears to be the possibility of further rises in the market as it is safe to assume that the buyers' orders will not be filled with the quantities coming forward. We : quote a rise of from 3d. to }d. for good crossbred and halfbred sheep6kins, and even more for dead and damaged lamb skins. Hides 6old at "bumper" prices, with a rise of from 3d. to id. for all weights of sound ox and cow. Calfskins were on a par with last sale rates. Tallow is firmer, and we got 255. per cwt. for some, good shipping lines. Messrs. Levin and Company, Limited, report:—We offered a quantity of odd bales and bags of wool, which sold at' same rates as sale of January 26. There was a very strong demand for sheepskins at advancing prioes. Best quality a 3d. to a id. tip, and . lower grades a penny to twopence advance. Pelts were stronger, ljd. higher. Hides were ' very strong—a. halfpenny advance all round. Calfskins were easier—a halfpenny down. Messrs. Murray, Roberts, and Co., Ltd., report:—Wo submitted a catalogue of about 100 bales and fadges of wool. 4000 sheepskins, 370 hides and a few: odd lots of tallow. Competition' was extremely keen for all classes of produce, and prices showed an advance on the'rates ruling at last sale of 3d. to id. per lb. for sheep-, skins and 3d. per lb. 1 for- hides. Tallow also showed an-advance of Is. to Is. 6d. per cwt. Messrs. Abraham and Williams, Ltd reportj-We offered a large catalogue, of odd lots of wool, 4000 sheepskins, 500 large hides, .and 350 calfskins, .besides numerous lots of tallow, etc. Competition was extremely keen, and everything offered, showed a rise, as compared with last sale. We make the advance as follows:—Sheepskins, 3d. to id. per lb.; and ox hides, Jd. to 3d. per lb.; cows, 3-Bd. per lb. In our catalogue we offered eomo special lines of oi and cow hides, comprising some 200 hides. These w.ere in extra specie^,condition, and made some record prices, as follows:-112 ox at. 10Jd. lo 103 d. per lb., and 78 cowe at 101 d. per lb. Tho New Zealand Loan and Mercantile Agency Company, Limited, report.:—Owing to no sales having beon held here for a month large catalogues were available at yesterday's sale. Competition was extremely keon for bog wool, good skins and hides. Best hides Eold up to lOd. per lb., as also did sound full-woolled sheepskins. Tho advanoe being, from Jd. to 3d. per lb. Successful sales wero also held by the United Farmers' Co-op. Association, Ltd., and_ the Wairaiapa Farmers' Co-op. Association, Ltd. Tho. range of prices was as. nnder:— Sheepskins Half bred, Bd. to lOd. par lb. - crossbred, fine, 93d. to 103 d.; crossbred, medium and ooarse, 9Jd. to IOJd.; short to half-wools, (id. to 8(1.; erossbred : dead and damaged, 63d. to BJd.; inferior and badly damaged. 4d. to 73d.: lambs, sid. to 9id.; damp, salted, and green, 3s. Bd. to 6s. per each: pelts, do.. Is. 6d. to 3d.-, lambs, do., 3s. 6d. to 4s. sd. Hides: Ox, heavy, 93d. to 10?, d.; ox. heavy, 9Sd. to 10d.; ox, light, Sid. to 10d.: cow, heavy, 9d. to 9jd.: cow, medium, 9M. to 10d.; cow, light, BJd. to 10d,; cut, 6lippy, and inferior, 5Jd. to 10Jd. : bulls and stags, 4!d to BJd.; yearlings, 9d. to lOd.; calf, super. 12d. to 12Jd. : «ilf, medium to good, lOd. to ll}d.; calf, damaged, 4d. to 93d. Tallow: In casks, 19s. to 255. per cwt.; in tins, 16s. to 21s. Der cwt. Horfehair, Is. Gd. to 2s. Id. per lb. Cowhair. to l£)d. per lb.

SOUTHERN MARKETS. fßj Telecraph.—Press . Aosoctatlon.l Chrlstohurch, February 5. There has not. beon a large quantity of wheat offering this week. Harvesting operations are fully engaging the attention of farmers. A number of sales have, however, been made. The bulk of business has been done at 6e. 3d. and 6s. 4d. at country stations, end a few sales have taken place at 6s. 6d., but the condition m these ca6e.s Irofi been immediate delivery from handy stations. Oats are sellinß freely at 3s. Id. to 3s. 3d., thouffh offerings are not large. Malting barley commands a ready sale up to ss. 64. for prime quality. Oatehcflf chaff is very scarce, as the new crop is not yet fit for shipment. Holders are firm, and neither new nor old can be obtained under £4 15a. at country stations. Ryccrajs is only coming forward in limited quantities and holders are oskina rather more than buyers will jriTe. Tho white clover crop, is apparently n. fairly largo one: a number of good yields being reported. Growers aro asking over 1«. per lb., but no business is jet reported. Factory and dairy b titer - •. "V'i

LONDON WOOL SAIE6. By Teleerftpih—Prees Association—Copyright London, February 4. At the wool sales there was ft strong market for all sorts, prioes hnrdoniiii.'. America. Is taking merinos. Prices realised:—TuppaJ, 14?,d-.' 13} d.; Pullaming, 14d„ 13id.; Kcrribrec, 13d.. 11 3-Bd.; Eivedowne, 13id., Hid. New Zealand: Motuotarifl, 17d., IbiJd.; ilekcnpfi, 15d., lSd. Messrs. Do-lpcty end Company, Limited, have roceivod the following cablegram from their London office, under date February 3:—"Owing to congestion in the Port of London tho second series of wool rales will open on February 23, tho list closing on February 8. The third scries may bo postponed. A meeting will be held on February 22 to decidc tho matter." NATIONAL MORTGAGE 00. 8y Telegraph—Prees Association—CtoDjMfcM (Roc. February 6, 7.35 p.m.) London, February 5. Tho balanco-shect of the National Mortgage and A gcncy Company of New Zcar land shows a profit of £54,519. The total dividend for the year is 12$ per cent., £15,000 has been added to tho reserve fund, and £14,510 carried forward. BANK OF ENGLAND RETURN. London, February 5. Tie Bank of England return issued for -016 week ended Wednesday February 3, is ae under: — IKBVB SBFiBIHEKI tf«t« lina £81.965.(K8 Gov.<Ubt — £11,015,000 ether Moarittsi ... - 7,<SIXOO fi«U ... ... 66.516.000 £81365,000 £84565.000 i Bwxm* Depisimeki. Pr«prl«t»r*' 6«v». sacnrlcapital IHJSS3MH ties £21,324.000 Public d»- Other iecnz> petito 38.611,000 lloi 108^59.000 Other da- • Posits -121337.C0J Kctta „. 50.138.000 Best,7-d&y Uldtthu bills_ 3JM.000 Cmo- _ 1,131,000 i £180,685.000' £180,685,000 The leading items of the Beak of England return effort! the following comp<i.nson:— ThiswMlc Lasl w«lc List year Bullion ~ _ 66.516.000 68.353.000 43.362,000 fi.serre... . ... 51.372,000 52.912,000 33,366,000 KoUlssuo ... 54.827.000 34.705,000 38.439,000 Public Deposits 38.611.000 47,393.000 10.722.000 Other Deposits 123,937.000 117.598,000 51.734,000 Proportion of risem t* liibiUties .31,53 * 32,06 53,35 ; GOVERNMENT SECURITIES. The following are the latest quotations for, yOHfiol6 find Colonial' Government Securities with a comparison of those rulinc laet week:— Variation — Coßi pared Pric«. with . laeti w«tk. 25% Imperial CcnE#lg 68 U 3 Unchanged u MQO Unchanged 34 „N.8.W.1930-COMr.-Sp 07 0 0 12/6 lowoi 5 ••?,'' , 'X^ 35Apl '- oct SO 0,0 .Unchaoofetl 4 „ Vio. 1920 Jan.-July ED 5 a Unchanged 35 „Vic. 1931-6. Jan. Jnly 9415 0 15s hichor 8 Vi0.1929.49Jan.-J«ly 79 0 0 tTnctaged Si „S,A. 1916 Jan.-July 69 5 0 5s hicher 3 ~S.A. 1916 Jan.July 73 0, 0 7/6 lower 4 „QTdl9ls-24 Jan,-July 99 0 0 2/6 lower si „QTdiaz&47J&n.-July 94 0.0 6s lower 5 "h 7 u" Juls ' 78 2 0 8s lower 3 „N.Z. 1929 May-Koy. 98 7 6 16/3 bichor i .N.Z.lol2.4OJan.Jaly 87 3 6 1/3 highe? at "w/ K52 77 10 0 Unchanged I' "S-f¥6-35May.N. T 89 7 6 Vnch.nß.d si | 83 15 0 Unchanged o "m 89 5 0 Unchanged 3 „Tm. 1920-40 Jan.-July 7915 « Unchanged

MONET. MARKET. The Bank of England discount rate was on January 2, 1914, reduced from 5 to 45 per cent., on January 22 it was reduced to 4 per cent., and on January 28 to 3 per cent On July 30 the rate was raised to 4 per cent., on July 31 it-was raised to 8 per cent., and on August. 1. it was farther advanced to 10 per cent. On August 6 the rate was reduced to {.per cent:, oh August further reduced to 5 per oent., at which rate it now stands. The Bank of Prance rate is 7 per cent., as against 4 per oent. list year. ' OPEN MARKET BATES. The .open market discount rate for three months' _ bills is 1 3-8 per' cent., ee compared with 1 15-16 per cent, last week, and 1 15-16 per oent. last year. Short loans are quoted at J of 1 per cent., 1 as against 2 per cent, last wcok, and 1} per ccnt. last year. COLONIAL AND OTHEB PBODUCE. The wheat market is -very steady. Parcola of Manitoba, February-March. sold at 655. 3d. per quarter. The market for Sour is very firm. Australian, in- store, 46e. 6d. to 475. 6d. per sack. Barley .—Market firm, Australian Chevalier, 40s. to 435. per Quarter. Oats.—Market firm. Bahia Blanea, Janu-ary-February, 30s. 9d. per quarter. Peas—New Zealand Ha pics?, 60s. to 6Ss. per quarter. Beans—Now Zealands, 445.. Butter.—The market is firm, bat quiet. Colonial is selling steadily. Australian, 1345. to 1365.; unsalted, 138s. . New Zealand, 138 a. to 140«. Cheese.—Market very firm. New Zealand, 189. The Boscommon's Queensland, shipment realised 82s. to 86s. Bacon—Steady. Australian Cnmberlands, 64". to 68s. Sugar.—MaTket steady. Prices for American granulated sugar unchanged. Bradford Tops.—There wee a stiff market, with strong demand for all sorts. Quotations per lb.: 28d., 27Jd„ 26) d., 27d„ 25M„ 23id., 2fljd. METAL MARKETS. Cooper.—On the spot; £62 2s. 6d. to £6! 7s. 6d. per ton; at three months. £52 12s. 6d. to £62 17e. 6d. Electrolytic, £67 15s. to £68 5». ' • Tin.—On the' 6pot, £170 10s. to £171 per ton; at three months. £152 10s. to £153 Pig-iron.—Middlosboro' No. 3, 565. 6d. per ton. Spelter.—Ordinary brands,' £J7 10s. to £38 10s. per ton. Silver.—Bar filver Is quoted at 22Sd. per onnce standard.

MINING NEWS

WELLINGTON SHARE MARKET, A sale of New Sylvia at 9d. wo« the only nunuig transaction recorded yesterday. The quotations were 'as follow:— Buyers. Sellers. ~ _ £ fl. d. £ s. 6. Murray Creek (old) 110 6 — TMnrray Creek (new) 0 10 6 — Talisman 18 6 19# WaihJ 2 10 2 16 Grand Junction 14 6 15 0 Wait&ngi 0 0 9J — N.Z. Crown 0 0 74 — tPrc-mium. STOCK EXCHANGE. (By Telegraph.—Press AssociationJ _ , _~ . Auckland, February 5. Salos:-Waihi, 415.; Baak of New land, 3305. Christchurch, February 5. Sales reporter-Union Steam (ord.), 235. 3d.; (preference), 20s. 10d.; Wlitcombe and Tombs, 115s. x _ . Dunedln, Febrnory 5. The following sales were reported on the Stock Exchange to-day:—New Zealand Insurance, £6 &, 6d. National Bank,'£s Bs. LONDON MINING QUOTATIONS. By Telesraph—Frees Association-OoDyrfeH „ ' ' London, Fobi-nary 4. owes and share market ([notations inMs. 4dTfee°lcre). llraycrß) -

Interest in 'the Pahiatua Show, to be held .on Inday next, is said to be exceptictally keen. The entries, from a namencal point of view, are easily a record J?he jumping events have attracted a rel markably large entry, and qnito a num. ber of horses new to Pahiatua will make their appearance. A now event this year is the motor-car competition, for which substantial prize money is offered. The conditions attaching to this compel tition are that the competitors drive round the ring and ride down pegs placed at irregular intervals, the drivor who succeeds in knocking down the most pegs in tho quickest time to be adjudged the winner. Judging by the entries being received, this event promises to be one of the most popular attractions of the day. The total number of entries received for tho show and Tam fair cxceed 1000. Faith in someone or something is the ideal to live up to. If yon have faith in a firm, you entrust them with your business. and they id return will do tho best possible, and watch your interests. We liavo now over 150 farmers snppiying us with cream, butter, and eggs, and wo believe firmly that they have faith in us, and we can only assure yon that wo try to do our best. Our demands for butter, eggs, and cream are growing. Ra'l your produce to as. Wanganni Fresh Food and loe Co.—Advt.