COMMERCIAL.

Press, Volume LIV, Issue 16210, 13 May 1918, Page 9

COMMERCIAL.

(By Cable.—Press Association.—Copyright.) (Australian and N.Z. Cable AwoeiatiooJ TIN. (Received May 12th, 5.5 p.m.) LONDON, May WTin —Stocks 13,733 tone, on spot 1929 j afloat 5575, deliveries 1022. TATTERSALL'S HORSE SALE. Messrs H. Matson and Co. had an entry of 33 horses on Saturday. Buyers v rere present for good useful draughts at medium prices, and a very satisfactory sale resulted. Tho horse market generally has an improved tone, and sales are much easier to make, and such has been the case for some time past. Among the transactions on Saturday were:—Account client, four-year-old trading £23, three-year-old gelding £10, five-year-old maro £10 10s, sevon-year-old gelding £20; account W. Afihton (Little Akaloa), aged mare £!2 10s; J. Ward (Ohoka), five-year-old pony £9: H. J. Watson (Papanui), aged pelding £13; account R. Kemp (Riccarton), six-vear-o'.d mare £3: H. Shaw (Spreydon), eight-year-old gelding £25; C. McNab (Spreydon), five-year-old gelding £16; a client, aged maro £7 10?. Aged hacks and harness horses sold at late rates. LEESTON STOCK SALE. Friday's stock sale at Lees ton was well attended, and entries of stock comprised 75 cattle, 10G fat pigs, 113 store pigs, and a large number of sheep. Fat stock values were very firm, and there was a keen demand for good dairy cattle, resulting in very satisfactory prices. The sheep sales included the following:— 21 ewes 30s sd, 4 lambs 255, 27 lambs 28s 6d, 21 cull lambs 14s lOd, 44 fat ewes 2Ss 4d, 9 wethers 29s 3d, 14 ewes 18s, 40 fat ewes 275, 22 fat lambs 26s lOd, 35 fat wethers 34a 6d, 16 lambs 263, 78 fat lambs 26s 9d, 72 lambs 223 3d, 63 ewes 32s Id, 47 fat lambs 27s lOd, 7 fat lambs 265, 115 fat lambs 283, 72 fat lambs 26e 2d, 32 fat ewes 26s 9d, 26 fat ewe 9 23s Bd, 14 fat ewes JBs 7d, 25 ewes 25s Gd, 31 ewes 18s 9d, 55 lambs 235, 150 wethers 27s lid, 142 lambs 28s 6d. 62 owes 33s 9d, 53 ewes 29s lOd, 41 ewes 32s Id, 26 ewes 28s 6d, 25 lambs 28s 4d, 66 lambs 24s to 21s 4d. Bacon pigs brought 74s 6d to £5 19s 6d, porkers from 50s, large stores from 31s, small from 10s. Forward cows tnado £~, eighteen months heifers £7 12s 6d, springers up to £16 10s. - line of 17 springers, sold for Mr J. Russell (Brooksido), realised £8 to £16 103, a bull £15. ASHBURTOX MARKET. Wheat.—Thd quantity offering is gradually diminishing, and it seems evident that tho bulk of tile crop is now dealt with. Reports indicate that threshing will be about finished in the r.cvt two or three weeks. A proportion of the wheat coming on the market 13 of poor quality, being thin and weathered, and this is readily taken as whole fowl wheat at tho under grade price. Although some millers have nearly filled their warrants, there is sufficient demand for all milling wheat on offer. Oats.—The market i 9 quiet and little business is passing as between grower and merchant. Although values are nominally unchanged buyers are only prepared to operate at a reduction of several pence per bushel on rate 3 that ruled a few weeks ago. Chaff. —The market is quiet and the demand much easier. Prime quality may be quoted at £5 5s on trucks; 6econd<jaas samples 90s. Low grade chaff is not wanted. LAND SALES. The New Zealand Farmers' Co-op. Association offered by auction on Saturday the Willisden Estate, Southbridge. This estate hua been in tho hands of the Willis family for many years, and later was leased by Mr E. G. Hubbard. The property, whioh oonsists of rich agricultural land, was cubdivided into three lots. Lot 1, the home--stead block, comprising 220 acres 1 rood and 20 perches, was sold to Mr R. Gemmell, Dunsandel, at £43 per acre; Lot 2, 211 acres 3 roods, went to Mr E. G. Hubbard at £31 per acre, and Lot 3, 131 acres 2 roods 10 perches, to Mrs Moorhead at £32 15s per acre, Messrs Pyno and Co. ffcibmitted to auction on Saturday 25 acres in the estate of the late Mr P. Martin, at Lincoln. It was sold to Mr T. J. Henley at £43 per acre. Jones, McCrostie Co., Ltd., on Saturday sold by public auction, on account of the Registrar of the Supreme Court, a property comprising. 1J acro3 and a six-roomed' house, for £600 to Mr Simpson. AUSTRALIAN POTATOES. Thirteen hundred sacks of Australian potatoes wore landed in Wellington last week, costing (duty paid £1 p&r ton) 10s per ton less, landed in Wellington, than New Zealand potatoes from the South Island ports. AUSTRALIAN INDUSTRIES. Great movements arc imminent regarding the establishment of new industries in Australia (says a London cable message to tho Australian papers). Arrangements in connexion with certain textiles have almost been completed, and British manufacturers in metal, chemical, and other important industries aro discussing practical schemes. It is claimed that 110 better use could bo made of tho huge sums jeeoived from Britain for raw. material than to assist in the creation of industries of national importance. Iron, steel, engineering, electrical, woollen, paper production, and chemical trades aro menc tioned as attracting British capital and manufacturers if encouragement is offered. THE CONDEMNED POTATOES. A considerable number of business men visited tho Victoria wharf, Dunedin, on Friday, for the purpose of inspecting the big shipment of Melbourne potatoes which has been condemned as being affected with Irish blight and scab. There is no question that the potatoes are affected with disease (says Saturday's "Otago Daily Times"), but the opinion was freely expressed that if the tubers were picked over a large proportion could be saved, and that consequently the scarcity of locally-grown would be to some extent relieved. It is also stated that 110 great danger would result -if some of the potatoes which were picked over were afterwards fonnd to be suffering from blight, in that the Irish blight is not unknown in the locally-grown tubers. It is rather remarkable that a parcel of potatoes brought over by the same boat for the Auckland market snows no sign of disease, and is of first-class quality. WOOLLEN YARN FOR AUSTRALIA. As a result of representations made to the British authorities, the War Offioe ha« allocated to Australia a certain quantity _of woollen and worsted yarns for the period. from April Ist to July 31»t, and in all prob-1 ability a similar allocation will be made for ; a later period. It was urged by the Com- | monwealth Government that a solution of the difficulty of keeping Australia supplied would be to allow the manufacture and exportation of at least two spinning units for erection in Melbourne and Sydney. The allocation of a specified quantity of yarn is apparently a compromise. Arrangements have also been made for a year's supply of hosiery machine needles, of which there has been a shortage since the German article went out of the market. The needles, on arrival, will be pooled and distributed to the various manufacturers, under the control of the Director of Munitions, to ensure a continuity of operation in the knittng mills. SATURDAY'S POULTRY MARKET. Messrs J. B. Merrett and Co. had a fine entry of poultry on Saturday. _ Prices were very firm for prime quality birds. Table chickens realised 5s 9d to 9s 4d, hens 2b 9d to 8s 3d, turkeys 9s to 295, all per pair. THE EGG MARKET. The egg supply is improving. Tho demand is good. Canterbury Egg Circle first grades are quoted at 2s Bd, eeoondß 2s 6d per dozen. 1 FARMERS' SALEYAKDS Report a largo entry of all classes of goods with tho following prices; Horses, £20, £6 6s, £2 17s 6d, £6, £8 10s, £2 los, £7 15s, £5 ss; Jersey cow, calved, £12 7s 6d; fat pig, £3 16s; calves, 5s 6d; store and weaner pigs, 14a to 265; harness, £3 16s, £3, £3 10s, £3 los, and 30s; traps, £3, £2 2s, £14 10s; ran, £9 10s; spring drays, £6 16s, £16 10s; gate, 20s; mowers, 15s to 2os; bicycles, 25s to £3 Is; presser, 275; hand straw press, 20s; breeding fowls, 10s to 17s 6d per pair; damaged wheat, 18s 6d sack; s.f. ploughs, £2 IXte to £4; guns, 20s to 21s; separator, £11; two and a half trucks oatsheaf chaff, 3s od to 3s 9d per sack. Saturday's poultry sale —Market firm. Hens, 3s 6d to 5s 9d; cockerels, 3s to 10s; boilers, 3s 6d to 5s 2d; small pullets, 3s Id to 7s 2d geese, 7s 6d to lis. —CJlaridge and Smith, auctioneers. 214-5 MINING. WAIHI-PAEROA COMPANY. (press association tbleorah.) AUCKLAND, May 19. The Company, for the period ended May 3rd, treated 30,300 tons of tailings for a -return of £4730, compared with 14,500 ton 6, yielding £4850 in the correspondin? period last year. The total treated to date is 878,900 tons, yielding £266,611.

EXTENDED iIINB CLOSING. RESULT OF "WAR REGULATIONS. "War costs and the oonsequent financial stringency have made it increasingly difii-