LIVE STOCK SALES COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3197, 22 September 1917, Page 10

LIVE STOCK SALES

COMMERCIAL ITEMS

Tho N.Z. Loan and Mercantile Ajuncy do. report:—At Palmerston North, on Thursday, w<? had a good entry of both sheep and cattle, which sold at late ratos:-SmaU hoggets, 12s. 6d. to 19s. 9d.; good, woolly hoggets, 31s. 6d.; fat ewes, 36a.; yearling heifcre, £3 125., £4 10a. ; yearling steors, small, £4 17s. 6d.; springing cows, £8 155., £9 155.; springing heifers. £8 10s., £8 155., £9 155., £10. The N.Z. Loan and Mercantile Agency Co., Irtd., report that at their To Horo sale they submitted a large yarding of both sheep and -oattle to a fair attendance, and sold practically the whole at satisfactory prices. The quote:-Good. woolly hoggets, 30s. 2d. to 31s. Id.; medium hogcote, 265. to 27a. 6d.; b.f. hoggets, 215.; mixed-age ewes with lambs, Ms. 7d.; jrimo fat ewes, 41s.' 6d.; fat ewos, 375. 9d.; mixed weaners £i 4s. to £4 Us.; yearling heifers, £4; yearling bulls, £5; yearling steers, £5 195.; mixed yearlings, £4 15s. to £5 10s.; eighteen-month Jersey bulls, to £6 15b.; cows-with calves, £9; .six-year srade Shorthorn bull, £23 10s.; stQre cows, £7 2s. to £7 65.; forward heifers. £7 19s to £8 15s.- forward cows, £9 16s. to £10 55.; fat cows, £12 Is., £12 35.. to £13 9s. j springing cows, to £13; springing heifers, £8 I!>3. to £10 Is. The N.Z. Loan and Mercantile Agency Co., Ltd., report having held their ftrtnightly sale at the Upper Hutt yards on Thursday, and submitted a, large yarding of cattle to a fair attendance, and sold everything at satisfactory rates. They quota :-Forward heifers, £9.155.; store ■cows; £6 12s. 6d. to £6 18s.; store heifers, £6 18s.; yearling steers, £6 Bs.; yearling heifers, £4 17s. 6d.; weaner calves, £2 12s. 6d. to £3 7s. 6d.;weauer bulls, £3 4s. .6a.; eighteen-month steers, mixed colours, £7 357; springing heifers (small), £8, £6 155., to £8 175.; cows with calves, £7 15s. Messrs. Dalgety and Co., Ltd., report having held their Upper Hutt sale on Thursday, when they offered a. good yarding of cattle, which met with keen competition, a total clearance being effected. They quote—Two-year steers, to £11 135.; twenty-month steers, £7 to £8 65.: three-, year empty heifers, £7 to £7 10s.; cows with calves, £7 ss. to £9; store cows, to £6 10s.; springing heifers, £9 12s. 6d. to v £lo 145.; cows in full profit, to £15 10s.; springing cows, to £10 17s. 6d.; m.s. The Walrarapa Farmers' Co-operative Association, Ltd., Pahiatua, report on the special cattle sale held on account of Jtr. J. A. Hair and others, in the firm s Mangahao and Dalgety's yards (kindly lent for the occasion), on Wednesday, as follows-.-Entries came: forward in excess of advertised numbers, a total of 1324 head of all classes being yarded. Included in the offering were some good lines of station-bred cows in calf, and one and two-year steers and heifers, ex waikultu. These cattle attracted the attendance of buyers from Wai-rarapa.'Monawatii, and Hawke's Bay, and excellent prices were realised. A special feature of the sale was tho demand for nercford bulls, prices obtained exceeding aIL expectations. Jlhese were practically all Short and Levett-bred, and varied in ages from five years upwards, prices ranging from 30 to Mfjns., the seven head averaging slightly over 49gns. per head,, a buyer from weiron <=ecuring two of the lowest and tno highest prices above mentioned. Hereford cows in calf topped the market for breeding cows, a pen of <i 0 realising £17 2s. 6d. per head, the bayor being M.-. K. ftevens of Damievirke. Other lines of good quality female cattle were secured by buyers from Foxton. Feildmg. Pohansina, and Tenui.- Best bullocks sold at Horn £15 10s. to £16 15s. Inferior cattle (of which a fair number of small yearlings came forward) were not inquired for. and tho bulk of these were turned out unsold; We sold 1044 head out of the total entry, at the following prices-.-24 good-condition-ed three and four-year Hereford bullocks, £16 155.; 48 three and four-year. Shorthorn bullocks, £16 55.; 23 three-year Shorthorn /ro"s steers, £15 10s.; 10 three-year Eereord cross steers, £15 55. ; »«>«««« steers £14 12s -6d.; 32 do. (medium), £13 is 6d. ; 28 two-year Hereford steers, £3 rough three-year steers. £13: 5 ' n £U I V HeU rf cr^ $**J-*JS& in* »K *10- 37 do £9 145.: 14 oged empty cows, yearling heifers, £6 12s.

INVESTMENT SHAKES. Yesterday's quotations for investment shares were as follow:— Buyers. Sellcrfl. £ S. 11. £ 8. (1. Bank K.Z — 17 15 0 Well. Investment — 011 6 Woll. Trust and Loau ... 5 10 0 — Well. Deposit 0 6 3 — Well. Gas (£10) - 1210 0 National Insurance 3 0 0 —• N.Z. Insurance 7 15 0 7 17 0 S.B. Insurance 5 13 6 — Gear Meat (£4) — 18 16 0 Huddart-Parker (ord.) ... 1 12 11 — Well. Woollen (ord.) — 6 15 0 llikuraugi Coal 0 8 6 -- Wostport Coal 1 8 6 19 3 i W:tLpa Colliery 018 0 — Sliarland's ordinary 18 0 — Colonial Sugar (Aust.) ... 22 12 6 — Customs duties collectcd at the port of Wellington yesterday amounted, to £2057 AUSTRALIAN PRODUCE MARKET. By TelesraplL-Press Aesociation-Copyrieht Melbourne, September 21. Barley, Chevalier, 4s. 6&. to 4s. 7£d.; Cape, 3s. 2d. to 3s. 3Jd. Oats, AlKcmn milling, 2a. 6d. to 2s. 7Jd.; feed., 2s. 3d. to 2s. 4}d. Potatoes. £3 ss. to £4 10s. per ton; onions, £13 per toil. BANK OF ENGLAND RETURN. By Telegraph—Press Association—Copyright. (Rec. September 21, 9.45 p.m.) .London) September 20 The Bank of England return issued for the week ended Wednesday, September IS. is as under:— ISSUE Department." Note Issue £71,771.000 Gov. debt... £11,015,000 Other securities 7,134,000 Gold 63,325.000 i 71.774.000 £71,771,000 UAMKING DEPARTSrENT. Proprietors' Gov. securicapital ill,-153,000 ties £58,115,000 Public de- Other securiposits ... 4-2,600.000 ties 96,462,000 Other deposits ... 121,346,000 Notes 31,103.000 Best, 7-day and other bills ... 6,726.000 Coin 1.4U9.000 £187,115,000 £187,115.000 The leading items of the Bank of England return afford the following comparison This week Last week Last year £ £ £ Bullion 53.325.000 61,828.000 - 52.601,000 Reserve 32.505.(XX1 3i152,000 37,056.0(10 Note Circulation 40,666.000 40.534.000 35.973.000 Public Deposits 40,765.000 42,590.000 52.993,000 Other Deposits 128.236,000 121,346,000 104.185.000 Proportion ol reserves to liabilities 19.23 19.61 23.57 GOVERNMENT 'SECURITIES. The following are the latest quotations for Consols and Colonial Government Securities in comparison with those ruling last week:—

MONET MAKKET. The Bank of England discount rate was on January 2. 1914, reduced from 5 to <H per cent., on January 22 it was reduced to 4 per cent,, and on January 26 3 per cent. On July 30 the rate was raised to 4 per cent., and on July 31 it was raised tc 8 per cent., and on August 1 it was further advanced to 10 Dcr cent. On August 6 the rate was reduced to 6 per cent., ou August 7 it was further reduced to 5 per cent., on July 13, 1916, it was raißcd to 6 per cent, on January 12, 1917, it was deduced to 5J per cent., and on April 5 it was further reduced to 5 per cent. OPEN MARKET HATES. The open market discount rale for three months' bills at 413-16 por cent., as compared with 43 per cent, last week, and 519-16 per cent.-last year. Short loans are quoted at 4£ por cent., as against 4i per ccnt. last week snd 5 per cent, last year. 12s. sd. COLONIAL AifD OTHER. PBODUQE. Wheat .—Lifeless. Commissions offering are small, and prices unaltered. Flour.—Little doing at the reduced official prices. Oats, Peas, mid Beans.—Firm, at full rates. Sugar.—Granulated, £36 9s. per ton. Butter.—Market hare of colonial, pending arrival of 60.CC0 boxes of New Zealand expected early in October. Other sorts are almost equally scarce, and some districts of London are "without butter. There is a growing impression that tho Food Controller should take over the distribution of butter in tho same way that he has cheese. THE JEETAL MARKETS. . Tin.—Spot, £243 2s. 6d.; three months, £249 7s. 6d. . Bar silver, 44d. per ouncc standard. Other metals are "unchanged.

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