COMMERCIAL.

Taranaki Daily News, 20 December 1919, Page 2

COMMERCIAL.

TBI! QUEENSLAND LOAN. By Telegraph.:—Press Assn.—Copyright, London, Dec. 16. The Queensland loan Is* repayable In 193040. The newspapers (flee prominence to the statement In the prospectus that the Queensland Government stock domiciled In London Is not subject to Income tax, death duties, or succession duty In Queensland. LONDON MABKETS. London, Dec. 17. At the wool sales, merinos were unchanged. New Zealand crossbreds made full late rates; allpes advanced slightly. Owing to the pool demand for tallow the sale was held up. PBICE OF PETBOL. New York, Dee; 17. The petrol prices remain unchanged.—Aus.N.Z. Cable Assn. AUCKLAND STOCK MARKET. The N.Z. Loan and Mercantile Agency Co., Ltd. report : Beef was penned at Westfleld on Wednesday In extra large numbers. Competition waa scarcely as keen as last week, although our quotations are the same. Choice ox sold to £2 13s per 1001b, others £2 8s to £2 12s per 1001b. Cow and heifer beef sold at from £2 2s to £2 9s per 1001b. Steers sold at from £l7 to £24 17s 6d for first qualllty; smaller unfinished steers £l2 to £l6 15s. Cows and heifers sold at from £8 10s to £l7 ss. Some of the averages were: 14 steers from Mr. Benjamin Held, Waerenga, £22 10s 6d; 15 steers from Waikato £l9 15s; 15 steers from Mr. ,T. D. Kemp. Awhltu, £l9 Ss 6d; 4 steers from Mr. H. Brown, West Tamake, £l9 10s; 8 steers from Mrs. C. Blschoff, Woluku, £lB 3s 3d; 10 steers from Mr. W. •T. Wallace, Mangere, £l4 3s 7d; one steer from Mr. W. Westnoy, Mangere, £2l 10s; 4 steers from Mr. E. P. Paul, Mangere, £l7 13s; 9 steers from Messrs. Lupton Bros., Kar&ka, £l4 9s Ed; 12 steers from Mr. A. W. Hall, Papatoetoe, £l6 12s 6d; 4 cows from Mr. H. Brown, Panmure, £l4 13s 4d; 14 cows from Papatoetoe, £l4 3s. Calves came forward In extra large numbers—ss big a yarding as we have had for years—and again declined In price. Vsalers, medium to heavy £1 5s to £3 12s 6d, lighter 15s to £1 4s; calves, smaller fat 10s to 15s, fresh dropped 0s to 9s. Pigs wera plenned to flaige numbers, selling well up to last week's values. Baconers, heavy £5 12s 6d to £8 10s, Ught to medium £5 to £5 lis, porkers heavy £4 to £4 19s, medium £3 10s to £3 19s, light £3 to £3 9s, slips and weaners £1 15s to £2 Bs. Sheep weje penned In large numbers, competition being steady throughout, with prices fully equal to last week's report No extra heavy ewes or wethers wero penned. Wethers heavy prime £1 13s 6d to £1 16s 3d, medium prime £1 lis to £1 13s 3d, light and unfinished £1 7s to £1 10s 9d, ewes heavy prime £1 9s 6d to £1 12s Bd, medium prime £1 6s 9d to £!■ 9s 3d, light and unfinished £1 2s 6d to £1 6s 6d, woo>il,v wethers £2 to £2 6s 9d, woolly ewes £1 16s to £2 Is, woolly hoggets £1 13s 9d to £1 18s 9d, heavy prime hoggets £1 8s to £1 12s 9d, medium prime hoggets £1 4s to £1 7s 9d, light and unfinished hoggets 18s to £1 3s 9d. Lamb 9 were penned In extra large numbers, and Bold Under keen competition at late rates. Best prime lambs £1 7s 6d to £l. lis 9d, medium prime lambs £1 4s to £1 7s 3d, light prime lambs £1 Is to £1 3s 9d, -small and unfinished lambs 16s to £1 0s 9d, shorn lambs 18s to £1 4s 9d. At Westfleild store sale laßt Thursday, and at Henderson on Monday, dairy cows and heifers sold at late rates. Best £ll to £ls Us 6d, others £7 10s to.£lo 15s. Store cattle, penned In average numbers, were dull of sale. Empty cows and heifers £5 to £7 10s, bulls £# to £ll lis, yearling to 18months steers £3 5s to £5 ss, yearling to 18-months heifers £2 15s to £4 15s, heifers suitable for dairying purposes £6 to £T 10s calves 10s to £2 10s. On Briday, In conjunction with our usual fixture, we held a special sale of horses, of which there was a good entry. Although prices were not up tc the spring sale, many good sales were made. Extra heavy draughts made to £42, medium to heavy draughts £24 to £3O; good farm sorts £ls to £23 10s, light hacks and harness sorts, £lO to £l6 10s, aged and poorer horses from £1 upwards A small yarding of cattle, which, as at other points, were quiet of sale, excepting best, which sold well. Empty cows £4 5s to £6 2s Bd, best cows £9 7s to £lO 17s Bd, 18-month heifers £4 2s 6d to £6, calves 8s to 18s.' A BUSINESS AMALGAMATION. A business change of considerable Interest and Importance (says the Manawatu Standard), has just been completed between two old-es-tablished New Zealand firms. Under It Messrs Wright, Stephenson and Co., Ltd., the wellknown South Island firm, who have during recent years opened up in the North Island, have now added to their North Island connection by acquiring s considerable holding of shares, with limited voting powers, in Messrs Abraham and Williams, Ltd. This arrangement brings together two very old stock auctioneering firms. Messrs. Wright, Btephenßon and Co., Ltd., started business In Dunedin in the year 1861—over 58 years ago Messrs. Abraham and Williams, Ltd., have their head office in Palmerston North, where the business was opened up in 1882 by the late M'- John Stevens, who sold out his Interests in 1884 in the flnw of Messrs. Stevens and Gorton to Mr. R. t E. Abraham. Later on tirt firm of Stevens and Gorton was dissolved, OoL Gorton retaining the Kangitikel businesCVhUe Mr. Abraham carried on the southern portion of the business in partnership with Mr. Alex. Wllllamß, of Hawke's Bay. When Mr. WilHamsi dropped out, Mr. Abraham took Into parnershlp with hlra the late Mr. O. C. Cooper and Mr. O. H. Porritt, of Palmerston North. The business was formed Into a company in 1901, under the style of Abraham and Williams, Ltd. Messrs. W. D. Hunt and J. T. Martin, two of the directors of Messrs. Wright. Stephenson and Co., Ltd., have joined the board of directors of Messrs* Abraham and Williams, Ltd., and Mr K 8 Abraham, founder and present chairman* of Messrs. Abraham and Williams, Joins the board I of directors of Messrs. Wright, Stephenson! and Co., Ltd. The two firms will still con«l tlnue to earry on their business independently I AC Mtt J