LIVE STOCK SALES.

Dominion, Volume 3, Issue 636, 13 October 1909, Page 10

LIVE STOCK SALES.

: Messrs. Abraham and Williams, Ltd., report on their.Johnsonville salo'held yesterday as follows :-A good, yarding ot prime sheep.and cattle came forward nnd sold readily at late rates Prime bullocks, £ti 15s. to £9: lighter do., £8 5s to £8 10b.. equal to 21a.< per lcOlb.; prime wethers, 18b..Gd.i medium thorn wethers, 12s, i crime eweß Xli.a.yiaabi.Vj.-to Ol.ii. , '

■lasers. Abraham and Williamß, Ltd;, report that at their Pahlatua- sale yesterday 'there was ■ a lair yarding of sheep,'and an' exceptionally heavy yarding of cattlo-Y Sheep, were In- good demand, and thero was keen competition for cattle. Prices—Hoggets, lis. 7d.; ewes and lambs, 16s. 10d.; 3-year steers, £5; 2*-ycar steers, £4 03. 6d.; yearling steers, £2 10s.; mixed yearling, 303. to 635.; good dairy cows, £6 to £6 10s.; cows'.in calf, £4 ,7s. 6d. to £4 17s. 6d.; forward store cows, £2 10s. to £2 155.; .springing heifers, .£4 17s. 6d. to £5 10s.; backward heifers, in calf, £3 2s. 6d.,t0 £4; 2 and-3-year empty heifers, £2 17b. to £2 18s;; 18' to 24-month empty heifers, £2 to £2 55.; hoiferß and calves,-£4 ss. Messrs. Dalgcty and Co., Ltd., report on their Pahiatua sale, held yesterday,, as follows:-Ow-ing to unfavourable weather only cattle camo forward. Yearling hoifors; 335.; 18-months heifers, 41s. A small lino of dairy cows realised

COMMERCIAL ITEMS.

, ' • INVESTMENT SHAKES. , The market was dull' yesterday,. and no transactions were' recorded. [ frices remain uncnanged. national Jjauk, sellers ±b; xank of .new Zealand, buyers £9 55.;- Wellington Investment, buyers lis. 3a., sellers lis. tu.; Wellington 'i'rusi and uoan, Eeuers £7 2s. bd.; i'eiiaiug Gas, buyers 215.; Gisborne'Gas,-sellers £2-lis.; ttapicr Gas, £3 paia, buyers £11 lbs., sellers £12 10s.;-Palmerston-Morth lias,sellers £7i6a.j-Soum British Insurance, buyers £2145. 6d., sellers -£2 16b. 6d.; Christcuurch Meat, £2 paid, sellers'"*!!;-Uear Meat, £4 paid, buyers £10 bs.; £1 paid, buyers £2 12s.;■ Kaiapoi woollen, preference, sellers £s;' Wellington \voollen, buyers £3 Is. ■ 6d.; Taupiri Goal, sellers 19s.- 6d.; \Yestport-Btockton, buyers 6s. 6d„ sellers '75.; Lcyland-O'Brien 1 Timber, buyers £1 25.,-sellers £l 2s. 6d.; Sharland's, ordi-nary,-sellers £1 os. 9d.; Taranaki Petroleum; sellers 95..6 d. I GOLD IN AEGENTINA. ■' ' „ Tne . great inflow of gold- into the Argentine Republic during the/last, six- months has>greatly strengthened. tne position as regards the note currency. 'According to the last returns, the conversion fund in the Ilanco de la Nacion, Argentina, and in • the Conversion Oillce, together Hold :about £39,967,000 in gold; This is a huge sum to have accumulated, and it compares witn _ a total of £28,849,000 held last year. As the fund serves to, guarantee the total circulation, equal .to ±60,1b0,UM),. the reserve'is thus over 66. percent., whioh is a high flgiiro "for, a". reserve against : a note issue. A year ago the percentage or-gold to the circulation .was 573-per cent. SHIPBUILDING REVIVAL. \ The "Financial Times". of" Augnst ;-26 '.say's;- , After a long period of comparative"'inactivity there is.again considerable briskness in most of the. shipbuilding centres.- .As a .-result .of-the acute -"depression." itt'shipping, orders for tonnage-, were, largely- Wjthneld, but' with returning, prosperity in variius parts of, the-world contracts for .new boats aro now being, placed.. .'"Most of these are for cargo".steamers,.she.a 12,000.ton.boat:for the Shaw, Savill,.,and Albion Line,, to replace .the Maori, which was recently wrecked off the South African coast;..-Passenger ■vessels are, however, also being ordered;.among them a liner of tbo Carmauia type ■ for the Cunard' Company, while, the French - tranß-At-lantic . Company. • has" contracted with" a Tyne firm.for.a high-speed Atlantic steamer.' • ■•■' A feature of the business now being done is that the different English' railway.companies which operate.-steamship 'services ,are in the market for new boats. Two have been ordered by the Great , Central , and' the ■ London .and .South-Western, .while the, Great Eastern, Lah-' m i r m and Yorkshire,: and the London, and North; Western Companies are inviting tenders.. , As a.result'of this spurt in' new-construction, steel, plates .and- other, shipbuilding'materials have-advanced in price. Indeed, the market all round has at present better prospects than has been the, case for over two,years."'; • ' .

Customs revenue collected at' Wellington yes-' tcrday amounted to £1533,185. 6d. . . ■ • :'■' .' WfI?AT AND. FLOUR; ! , ' [ .:;'..' ■IBjr Tclegrapb.-I'reja AMociminn.'-Ooprrltnt.l m . ~ ,■■ , '. i-ondon,.October j 11. .. The wheat and . Jour, afloat for . the United ro In A5K m '? J.MS.MO.flnarters; for-the Continent, 1,885,000; Atlantic shipments. .271,000 'quarters; Pacific, 100,000. The.'total shipments to Europe for .the:.week- amounted to .1,680,000 .quarters. There were no .Argentine shipments. ."•, . ■"'' ENGLISH;HARVEST. ' v .' ;- iny TelcaraoU. --Press. .Aiuorlalliin.-Oopjfleht.r ,'■ ■ (Kec. October 13, O.ib ; a.'m.).''■'[,';' >; [' >:}!:, '•;■■ " ' '.', i-ondon,, 6ctober'i2!'-'. ■ t ; The Times. ■ states that crop - reports, of, Octo'berl show:-Wheat, 95.7; barley, 93.25'; oats, 91. Owing, howover,- to the "-deplorable harvest •weather : since mid-August, much ■ damage has been done, and a considerable portion •is still ungathored, so the, figures must be reviewed conditionally. ■• , ■..■'.:■■■ ..' ■■'.'.'". . METAL MAERETS. .:.. '',:' Illy Telejrapb.jri'roaj.'Aaxirinlinni-CniiTflehu '■;'■ '" ' l (Rec, October 13, 0.10 a.m.)... '■' : ■ ■ '■,-'■■-' tondon, October 12. Copper .-On the- spot, £57 55.; .thrco months, £68 55.; electrolytic, £58 16s. per ton. : 'Tin.-On the spot, £138 55.; three months, £138 lCs. per ton» . '-,''■ : BEELIN DANK -RATE.. . '(By Telegraph-Press Association-Copyright.) : ™', ; ''■'<!' V" •»' ' 'i:; v.. Berlin! October; 11. ..The' bank rate*,of discount in Berlin has'been raised'to s'percent., as against 33 per-cent. on. October 8. v „'"; ■•'•' /t'ON'tfON WOOL .MARKET. :.' [ - Messrs.; lialgoty land Co., Ltd.;, have 'rcc'eived , the following cable advice from their' London ■ honso, .dated-October il;---Wool.—Market .easier. | Good, wools, .greasy, Id. per lb. lower; medium .and-'inferior .quality wools, greasy, -id., per:-lb.' lower. Competition, is '.restrioted and ■ less 'animated." s .."... .''*'\^mininq : ;'news. '';''''•r v ' l ~.,;,WELLINGTON, WELLINGTON MINING MABKET.' .'- ' There were vory few transactions on 'Change and prices were weak.. The actual 'Sales .for the day were:— . " , ' Diiod Consolidated, 9d. (first call). ;May,Qneen, ss. Id. (third.call). '-..-, . ;New Sylvia, ss. 3Jd„ 55.-4 d. (first call).'.-;' - . "'Royal Oak, 25., 6d. (second call). .. ... ' Talisman, £2 lis. 9d. (first call); £2 12s. (second call)..- .'■--..-■ .-. •"• .-(it Waiotahi, ss. 4d. (first call). . Watchman, 2s. 9d. (first call). - QUOTATIONS. . The latest quotations, with tbo last recorded sales, were as unoer:—

Buyers. Sellers. Salea • '■"■■' £a. d: -£-a. d'. £ s.'d. Bendigo. 0 0 7 0 0 9 —• Dixon Consolidated 0 0 9 0 010 0 o'9 Golden. Belt ; 0 10 013 • —' Kuranui 0 11 .0 14' — Kuranui Caledonian .... 0 15 —.'''• — May.yiieen, ....'. ......: .0.5- 0; .05, 2 ■'■' 0.'5!1Maoriland ..;......... 0 1 0' 01 2-" — '.' Mountain: King (pd.) ■„.' 0 1' 3' -0' 1 -6'; ,—•■'. ■N.Z; Crown, , 0 6 0'0'63 . New Monowai 0 2 0 — ; New Sylvia ..'. 0.50. . 5-4 Occidental 00 5 "— : — Old Alburnia — ■ o 2.0 '■:' ■ — Old Hauraki ......02 4■" — ' — Prido of Tokatea 0 010 Oil'—. Pride, of Waihi .'....; - 0 10 - Eeliance . 0 0 4 0 0,6 -■' — Boyal Oak '0-2 5 0 2 7 0 2-6 Sawn :t 015 0 17 , - Tairua Broken Hills ... 0 2 0 0 2 2' — Tairua Golden Hills ....0:6 7- - ■ •_ Talisnjan ....:...: ■2 12 0' .2 13 •() • 2 12' 0 Tangiaro ;.........?.-.. — ' 0-0.7 '■ —■ iWaihi ; :.'.......... 915 o. —'.' ■_ ■ Waihi Consolidated : 050' ' -."-.' _1 Waihi Extended ..„ 05 .2 0-55 -• Waihi Grand Junction 210 0 210 6 '■'—'■ S a !. otah ! ' •• 0 5,0- 0 5.3 ,0-5' 4 S a ' ta . n ßi 0"3 6 0 3'B ■ - Watchman. ..„ ■0- 2 8 ■••- o J 2'lO '02 .9 Blackwater :...-. 1 6 0 1 7 (1 _. Con. Goldfields .:....'..:..-■ -,' •-jo ; S'" — New. Alpine (pd.) ; 05 6 - _ Progress ' 0 12" 9 013 0 '' — Boss Goldfields . - 0 13.0 - STOCK EXCHANGE.' (By- Telegraph-Pros's'iAsspciaUon'.)'■ '•„'..•• Auckland, October-12. Business. at .the. first- .call of the - Stock '• Exchange to-day included:-.. . ' May Queen, 55.-Id.' i ' Alburnia (paid)/ 2s.' 2d. ' " >' ' ', Waiotahi, Ss. 4d.,'55. 3d. . ' . Tairua Golden Hills, 6s. lOd. - Talisman, 525. 6d., E3s.' Waitaia (con.), Is. 4d. . .. -.' '■ flt«-v ru 1 , Dunadin, October 12. .otock Exchange sales:— ■' Tairua-Broken Hills, 2s. (three parcels).Waihi Consolidated,-ss.'3d. . * • ; -i Waihi Grand Junction, 605., 50s. '3d. ' Sales reported:— ■ -, .':'•" .'Waihi Grand Junction; 50s. 6d. -' Talisman Consolidated,'sls. 3d. . . MINING. NOTES. In „ m aking further investigation of ore from the Glamorgan Company!s property at Whangamata, which gave assay ..value's 'of £10 19s/ 2d from the outcrop of-the 'reef, and £32'65. sd' from ten feet in the drive, Mr. Firth reports — Upon further investteation of the samples 1 ? n i \* a ? or certificate of Scptchibcr 24 last, I reel that both contain considerable. aunntities of tellurium,'.especially No 1 . 2 from 10 feet in d "y e ' The gold and silver are not associated with tho sulphides, but occur ■ combined with tellurium, as tcllurldcs of gold and.silver. This fact I consider of great .importance to your company, as tcllurido ' ore 'invariably becomes richer as depth is attained." Mount Zechan.-Driving west along the hang, mgwall ,of the break has been continued 'during .the week. The country has been a' lot firmer than usual, and a greater quantity 61 ■water is cominu out of the-face. This drive will bo continued with one, ehnft,.and a stnrt made to - develop what appears, to be'a lodo running back into the footwall. as previously reported, v ' ■ . '