FARMING & COMMERCIAL

Dominion, Volume 11, Issue 271, 5 August 1918, Page 8

FARMING & COMMERCIAL

|. ■ ; AUCTION SALES ' [■' : : '. FORTHCOMING FIJTTJBES. '■ TO-MOBROW. i lißviu l'aris, 12 noon-Speoial sale of hoggets (Dalgoty and Co.). !•• lievin Yards, 12.15 p.m.—Stock sale (Dal- ' • gety and Co., N.Z. Loan Co., AbraJiam ! . and "Williams). | : ;. .; WEDNESDAY. j Oban, 1 p.m.-Sale of dairy stock and im- ! . iplements (Abraham and Williams). I Ta/wataia, Eketaliuna, 1 p.m.—Sale of dairy (Dalgety and Co.). i • 154-Featherßton Street, Wellington, 2.30 p.m. i- — Sato of city and Petoue properties (j. ' 11. Bethune and Co.). | ■ LIVE STOCK SALES \ ' Messrs. Dalgety and Co., Ltd., report:—At ', . our Wanganui salo on July 31, wo liad a ; Bmall yarding of both sheep and cattle, | which met with fairly good competition. > Quotations:—Forward b.f. hoggets!. 193.; ; mediuin,m.s. hoggets, 18s,; cull do., 10a. 7d.; heifers m calf (small), £5 to £6 65.; small i' twenty-months steors, £5. On August 1 I wo held a clearing sale on account of Mr. J. Martin, Gordon Park. Quotations: Best August'ca.lvers, £14 to £17 10s.; others. £10 l(lb. to £13; Soptember-Octobe.- cnlvors, £9 ' to £13 155.; store cows, £8 4s. 6d.; weaner ( steers, £2 10s.; yearling heifers, £4 55.; I cows, with calves at loot, £9 12b.; heifera I and calves, £6 7s. to £9; 1 purebred Hoi- ■- , 'stein bull, 35gna.; f.m. ewes, in lamb, 15s. ;•' Id. to 255. 6d.; 'backward empty eyes, 12s. ! 6d:; medium m.e. hoggets, 15s, 2d.; draught , ' mare, in foal, £20. At tho Feilding sale j on August' 2: Oull hoggets, 4s. 10d., Bs., ! %.; small do., 11b. Bd. to 145.; medium do., ; 145., 14s. Bd., to 15s. ■ 9d.; good do., 19s. 9d., i 20b. 9d., 23a. 9d., to'24s. 2d.; cull ewes, |: Bs. 7d.; empty do.', 13s. 9d. lo Us. 3d.; two- > -, .tooth wethers, 245. 6d. to 31s. Id.; ewes, i in lamb, 28s. 6d. A good line of 164 ewes, [. in lamb to Romney rams, realised 375.; store covs, £7; yearling steers, mixed colours, £4. At Palmerston North, August 1: Cull hoegets, 6s. 4d.; small mixed hoggets, 1 125.'8 d.; b.f. hoggets, 205.; empty cowb, £4 I 155., £6, £6 55., £7, £7 165.. £8 7s. 6d., to £9 2s. 6d.; dairy cows, £9 10s., £14; pedigree 1 Jersey cowa, 20gns.; yearling heifers, £3 i 7s. to £4 65.; yearling bulls, £4'7s. 6d.; I small mixed weaners, £2 Bs. j Messrs. Abraham and Williisme, Ltd., rc- ! port that at Palmerston North on August I 1 they had a fair entry ot both sheep and i cattle, and most lines changed hands at i following prices:—Fat ewes, to 33j. 6d.; ewes, in lamb, to 31s. 4d.; empty «weß, to 15b 6d.; cows, in c.ilf, to £6; springing dairy cows, to £9 2s. 6d.; cows ', and calves, £6 2s. 6d.; empty heifers, £6 i 2s. 6d.; wcanor steers, (£2 15s.' At FeildI ing salo on August 2: Fat ewes. 265. 9d. to 35b, 7d.; ewes, in lamb, to 545.; 2nd wethers, 255. 9d.; b.f. lambs. 235. Id. to I 215.; owe hoggets, 255. to 255. 6d.; fat cows, £10 55.; eighteen months steers, £9'105.; mixed yearlings, £4 Bs.; spriug- ! ing cows, £7 10s., £8 12s. 6d., £12 10s. to I £13 12s. 6d.; weaner heifers, £1 17s. 6d. to £2 145.; bull, £3 7s. i ' Having sold tho. property of Mr. S. R. j. Lancaßter at Aokaiiterc, Messrs. Abraham and Williams, Ltd., conducted a dispersal 1 salo on Wednesday; July 31. There was i a particularly large attendance of buyers '. from all parts of the North Island, and tho salo was highly successful. Pedigree 1 Jersey oows and heifers sold from 20 to i 6t guineas, averaging 24 guineas. Bulls i made from sto 21J guineas; grade cows from £14 10b. to £32, averaging £21 65.; two-year grade heifers, from £1 to £19, i i averaging £11; yearling heifers, £6 155.; ; sow in pig, £10 55.; three-months boars, to. £2 10s.; draught geldings. £17._t0 £34 10s.;' ma.re 3, £10 to £35; ponies, £10 to £14; black-face hoggets, 275.; block drays, £19 to £25: spring .'drays, £16 to £24; degi cart,'£3o 10s.; hay rake, £10; manure distributor, £14 10s.; d.f. plough, £11; roller, £11; mower, £17; harrows, £6 17s. 6d.; 1 harness, tools and furniture sold at equal--1 ly good prices. ' T(io New Zealand Loan and Mercantile .Agency Co., Ltd., Palmerston North, re- | port on their Palmerston North sale on j Thursday last:—We had a moderate yard- : ing of both sliee;) and cattle. On account i .1. 1?. Anderson and Co., four-year ewes, j running with Southdown rams, 31s.' 9d. to ! Z2% 9d.; fat cwcs,,29s. 3d.; fat ewes and i wnhers, 31s. 9d.; .good woollv hoggets, 235. 6d.; medium hoggets. 14s. 2d. to 15s. 3d. Cattle: Eighteen to twentv-months heifers, £5 Us. to St; forward cows, £7 j 12s. 6d.. to £8 135.; storo cows, £5 15s. to I £6 15s..;\yearlin<r. Jersey bull, £1 17s. At • Frildiug on Friday prices wero on a par i with recent rates. Fair hoggets, 19s. 3d., 20s. 3d.; small hoggets, lis.; aged ewes, [•■ 135.; aged cows, £4 65.; forward cows, £8 10s.; twenty-months heifers, £6 Bs.; threeI year steers, £12 2s. 6d.; dairy cows, £9 155., £11 15s. On account of Mr. Jt, Gib- ; son, Itongokokako, on Friday: August : ralver3 made .£l9, £18 10s., £18. to £13: i • September carvers, £18 IDs.. £17105., £16 to t .£l2 10s.; October culvers, £14 10s., (31 £14. i '£13; November calvers, f,U 10s.. £14 to i £12 10s.; cows in" milk, £!2 to £!3 10s."- the whole herd averaging"£l4 17s. 6d.; s'pringI ing heifers, £12 17s. 6d. to £16; vearlin" heifers. £5 55.; bull, £10: horses, £!6, £10 M„ and £6; breedins sows, £5 ss. to £6; hoggets, 19s. 3d. Implements, sundries and i furniture: sold.particularly, well. . COMMERCIAL ITEMS j INVESTMENT SHARES. A salo of Kaiapol Woollen ordinary ; shares;, at £7 75., was reported on Satur- , day. The quotations were as follow:— r ■ , Buyers. Hellers. ' ! __~." ~ ' £8.(1. £s.d. ; National Bank — sis o ■ Bank N.Z. (old) 12 12 0 . Bank N.Z. (new) 17 16 0 — : Equitable Building ......... 815 0 — i -National Mortgage 4 16 — National Insurance 2 18 9 - , N.Z. Eefrfgerating 2 13 — Auckland Trams (ord.) . 019 4 — Huddart-Parkcr (ord.) ... 118 6 — Ifuddart-Parker (pref.) ..104 — N.Z. Shipping (pref.) 10 10 0 - Union Steam 1 010 — : V. and O. Stock .'. 327 0 0 330 0 0 Xaiapol Woollen 7 7 0 ■ — ; Tauoiri Coal 019 6 — I Westport Coal • .-....;. 110 0 — i Westport-Stockton ;. . — 0 710 j Wa-ipa, Colliery 016 0 : — , Leyland-O'Brien' *'...'. „ — 179 • Taringanmtu Totara — 10 0 ! Colonial Sugar 21 i( ■, 2115 0 1 golden Bay Cement — 1 0 6 ! N.£ Drug Co _ 214 6 , h.Z. Paper Mills v 12 6 13 6 '. _Cufltoms duties collected at tho port of j Wellington on Saturday amounted to £1830 j 4s. 4d. . i BANK OF ENGLAND HETUKN. j Australian-Now Zealand Cable Association. _ (Eec August 3, 6.5 p.m.) ■ London, August 3. .. The Bank of England return issued for ! the week ended Wednesday July 31, is as ! tinder :— ] ISSDE DEPABTSIENT. ; Notes issued £56,870,000 Gov. debt... £ 11,015,000 Othor securi- , Notes in tics 7,434 050 rcservo 23.H2.000 Gold Gti,s(i:t,'ooO : £'85.013,003. i-55.012.000 Banking Department. • proprietors' Gov.socuricapitftl ...£H,653,000 ties ... £55.601000 ■ Public de- Other secnrlI posits ... 37,798.000 ties 106,787,000 . Olherde- „, : positß ... 138.441,000 Notes in ■ Best, 7-day -\ reßervo ... 58.142.000 ! and other Coin in . bills ... 3.414.000 reservo ... 687.000 . £104,227.000 f194.527.000 ! Tho leading items of the Bank ot Engi land return afford the following compari- : son:— i , . This week Last week Last year i) £ £ bullion 66,663.000 65.JE0.000 49,845.000 • Besorve .... 28.839.000 i!0,645.n0'» 30,430,000 ■: Note Circulation 56,870.000 56,743.000 10,276,000 ! Public Deposits 37.798.000 31,675.000 44.712.000 i Other Deposits 133.111.000 136,609.000 128,744,000 ! Proportion ol reserves to liabilities 16.10 17.11 17.33 GOVERNMENT SECUIUTIES. '■' The folloning are the latest quotations lor Consols and Colonial Government Se-

NEWS AND NOTES

MONEY MARKET. The Bank of England discount rats on January 12, 1917, was 5J per cent. On April 5 it wag reduced to 5 per cent., at which figure it has since stood. OVEN MARKET RATES. The open market discount rats for three . .months' bills is 31 per cent., as compared with 3* per cent, last week and 4j per cent, lust year. , Short loans are quoted at 3J per cent., as against 3J per cent, last week and 4} per cent, last year. COLONIAL AND- OTHER PRODUCE. Tallow.—Publication of tallow statistics has been suspended. Butter and Cheese—Positions unchanged. Wheat-Quiet. Oats, Peas, and Beans-Firm; unchanged. (Sugar—Unchanged. THE 1 METAL MARKETS. Tin.—£394 10?. per ton. Other metals arc unchanged. LONDON SHARE MARKET. Austra.lian-.Ncw Zealand Cablo Association. (Rec. August 3, 5.5 p.m.) London, August 2. Woihi Grand Junction, buyers 15s. 6d„ sellers 16s. M.; Talisman, buyers 10s., sellers 12s. 6d. (ex (liv.); (Rec. August 4, 5.5 p.m.) - London, August 3. Waihi Grand Junction, buyers 15s. 9d., sellers 16s. 9d. AMERICAN WHEAT SUPPLY. (Rec. August 5, 5.5 p.m.) Chicago, August l. According to Bradstreet's estimate, the visible supply of wheat east of the Rockies is 998,000,000 bushels. MINING NEWS WELLINGTON SHARE MARKET. The quotations on Saturday for mining shares were as under:— Burers. Sellers. £ s. d. £ h. d. Talisman 0 811 0 9 3 Waihi 119 9 2 0 0 West-land Gold 15 0-ENGINE-DRIVERS, FIREMEN AND CLEANERS : « . HALF-YEARLY MEETING. The first half-yearly meeting of the Dominion executive of the New Zealaua Kailways Engine-drivers, Firemen, ana Cleaners' Association, was held inWellington du Saturday, and will be finished to- i day. ! The executive is composed as follows:— Messrs. Henderson, president (Christchurch), M'Carley, secretary (Wellington), Kelson (Auckland), Lewis (Palmerston North), Scott- (Dunedin), Walker (Invercargill), Kobertson, Pirie, West, and Burns (Wellington). To entertain the executive the Wellington Branch of the association, on Saturday night gave a smoke concert in the social hall. A largo attendance was presided over by Mr. J, M'Lean. Among those present were Messrs. J. P. Luke, Ml'.;. A. H. Hindmarsh, M.P.; 11. A. Wright, ALP.; and Br. Newman, M.P. Apologies for absence were received from the Hon. W. H. Herries, Minister of Railways; tho Hon. T. M, Wili'ord, Minister of Justice and Marine; Mr. E. Hiley, General Manager of Railways; Mr. Jackson, chief mechanical engineer; and Mr. Plarson, assistant mechanical engineer. In his opening remarks Mr. M'Lean spoke of the sad fatality that befel Mr. J. V. Kelly at Waipulcurau on Thursday, and a vote of sympathy for his wife was carried in silence. , One of the objects of the evening was to present an'illuminated address to Mr. W. Wiles, who has left the service. The presentation was made on behalf of tho Wellington and Paekakariki branches' ot the association. ■ - A matter that was very strongly spolceu of was the maximum wage of Is. Sid. an hour for drivers. It was pointed out that-drivers on passenger trains, besides sometimes having the lives of persons in their care, have a most expensive ongne and carriage's, worth several thousands of pounds, in their charge. Mr. M'Lean and others who spoke on the subject said that they were not going (o press claims lor better conditions just now, but they were going to try to get. the present rate of pay increased by a half for drivers and iiremeu working after i) p.m. . A number of toasts were honoured, and the evening passed off very pleasantly.

curities in comparison with those luliug last week:— ; Stock '™« .J" 1 * 6 I neck Week ; Consols f a %'\ g*^ • 3J„ War Loan f , 0 0 n fiH „ ; 4 „N.8.W.1933 Jan-July L J. 0 0 m a 3J „ N.S.W. tarly Curr. 1D ,-. u 7n n ; 3 „ H.S.W, 1925 Apl.-Oct 73 7 ,j ," jj n , 4 „ Vic. 1920 Jan.-July no n n <i , n ,, 3J„ Vic. 1921-6 Jan.-July 68 7 C (a 31 „ Vic. 1920-1949 7.210 0 7115 0 i 3 „ Vic. 1929-49 Jan.-Jly 6 5 12 I! 03 n 0 3j„8.A. 1916 Jan.-July 71 7 (i 74 0 0 3 „ 8.A. 1916 Jan.-July 57 12 G S7 7 fl : A „QTd 1915-24 Jan.-Jly p-j 17 S 02 10 0 ; 31„QTdl922-47Jon.-Jly 03 I) I) - \ 'i „QT(11922-47 Jan.-Jlj 61 0 I) is 18 f, " 4 „ N.Z.1929Ma.y-Nov. di 2 li nj 2 1; : 31 „>\Z. 1912-40 Jan.-Jly 74 5 0 73 7 fi ! 3 „N.Z.1920A;pril-Oct. (15 17 C U 1 6 i 3! „ W.A. 1915-35 My-Nr 78 0 0 78 10 0 ! 3 „W.A. 1915-55 My-Nor 73 5 0 73 5 0 : 31 „ Taa. 1920 Jan-July 74 0 0 7310 0 ,-■ 3 „Tiis 1920-40 Jan.-July 66 a 0 66 0 0