COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 643, 21 October 1909, Page 10

COMMERCIAL ITEMS.

' INVESTMENT SHAKES, .■ The-races had a disturbing cffcct yesterday and practically! no business was done either ii investment, shares or • mining. The' quotation! were: unaltered. National Bank, sellers -£6 Is. Bank t of Now Zealand, buyers £9 65.; Wcllingtoi Investment, buyers lis., sellers lis. 6d.; Welling ton Trust and Loan, sellers. £7 :2s. fid.; Feild ing .Gas, " buyers ill" Is. 6d.; Palmorston North Gas. sellers £7 155.; • Ohristohurch •' Meat,' £1( ; paid, buyers £10 12s. 6d., £2 paid, buyers £1 18s 3d.;- Geaf- Meat, £4, paid,, buyers £10, 5a.; "Wei lingbon Woollon,-buyers" £3 ls.r Westport' l Coal buyers £6, sellers. £6 45.; Leyland-O'Brien Tim bcr, buyers. £1 2s*; New Zealand Consolidated Dental, sellers £1 4s. 6d.; Sharland's'preference buyers 20s. 6d.; Taranaki .Petroleum,\ sellers 8s , fid.-... ■ ■ : A'CENTRAL INSURANCE COUNCIL, • The insurance: companies operating in Aus tralia recently held < a conference; and as- at outcome it is expccted that steps will be taken to establish a central council .composed of mer of' recognised 'standing and experience -in th'< insurance world. The "Argus" of October 13, ir referring to. tho matter, oosorves that the func tions of such-body; would bo' to deal with mat tors of praotice,- about which: thfcre. may bo. con flict and in respect to which an authoritativ< decision is wanted. The conditions untfer whicJ: insurance is carried .on in tho' different States vary/materially. 1 - These' differences tell againsl the harmony which it is thought should pre vail between the companies .in matters^bf'do mestio concern. The 'difficulty hitherto has beer to have disputes' over matters of practice' deall with by an independent organisation away from the region df conflict, whose docision would be accepted atf* being in the-general interests\ol both the public-and- the ' companies.N .'iTie hope exists that some body like the new council 1 will be able to handlo all matterfe of this nature without in any way. affecting the-independena of the companies in tho fields in which they, arc competing. .*

- IMPROVEMENT IN GREAT BRITAIN. k According to the .''Economist" .movements it commodity prices since the. end of March indi cate a satisfactory improvement in trade which has • all the appearance of pormancncy, Bcduc tions have occurred only in 'what' this journal torms' the right. items, such [as foodstuffs, whereaa the advances have taken placo in. the raw-materials of industry, and point to a saniline5 aniline expansion in the demand. Cotton-piccc poods have been : iri better request.'.and the same heilthy • signs are reported from' woollen • cen tres.- where all branches of trade !are said tc be. doing well. Supplies'of pig iron at Middles boro' continue to' accumulate,, but the demanc is very brisk', in .certain of the Home. whilst the. rapid-recovery fiikthe ..United.State* is producing a.yery hbpefur feeling that export! to other cou'ntnes -soon. be possible; Tht coal, trade is, 'howov.er.' still. in a, statevof \ \m rest,'as tho revision will come up' for discussion shortly, and somo extreme views have already been put forward by'- the Miners' Federation. The ship-building l industrj is steadily improving, and the Board of. ; Tradc a return to a more ; normal level.The statistics .regarding' pauperism,' however, .aTO still depressing, in.:tneir mag. nitude.'those jfor July' indicating a - depth 'ol destitution in '.England that appears appalling.-. No; (ewer than, 21.7-, persons in everj ICOO inhabitants of England atiu. NVales wcre ir receipt of poor, relief, a'ratio for' July that' hae only been, exceeded once in the last decade, and that jvas in "the year . 1905. Possibly the .old age pension 'system may in time' causo a reduction in poor relief, but the numbers of-thoso'in receipt of indoor'rolief . have, shown a gradual increate for 4 many years past. . . ; y ; .j ■: , : ' i '. . THE' BUTTER TRADE, \ , The imports'. J ot butter: into-- the -.United"'Kingdom- during August .wore comparatively; large, tho. total being .360,157cwt., as. against 346,590cwt. for-August, 1908/ and S3B,4Q7cwt. for'.August, 1907. the increase, as compared with-last year, being 'taainly due. to of ■imports-ifrom Denmark, Sweden, ana Prance. ; The Y total- imports for the''first eight ; months' of*: the. yeai

-Total' 3.052,453 2,917,647-,2,867,514 Thero ia an appreciable decrease for j the eight months, but supplies from Australasia are certain to be larger'jthan in ; the-',past eeaison. ■ THE'IMPORT'MARKETS: Business continues to- show slight improve ment,, and generally a more optimistic feeling prevails. The country has hardly begun to fee. the effects of the * new.' season, 1 but- that, canno: bo delayed much longer. Merchant's are doing a steady -business, but values show no changes • Arrowroot—St. Vincent, sd. per lb; 1 ' Candles. L -Tbe demand continues to. fall off Pricos arc - unchanged. The -- New Zcolant Candlo Company's quotations stand as follow:—Premier stearino and - five'medal, 5d.; British sperm, French sperm, univer sal wax, Excelsior paraffin, 53d.; .'-. Apolk sperm and Venus paraffin, 6d.; Venus, colourec fluted. 6id.;piano, bedroom, and carriage sorts in cardboard boxes, 7id., less the usual trad< discounts.'- Price's' London sperm, 16oz. 63d., 14oz 6id.;, Burma; 160z., '6Jd. ' • Oornliouh—Steady business passing. V:B. atyl P♦ 61d. to 5Jd.;-Johnson's, 2Jd.; Brown's,'3d.; Chi cago, 2Jd.; .Buffalo, 2id.> ; - Cocoa.—A steady hand-to-mouth business ti doing. Van Uouten's, l's, 3s. 2d,; i's, 3s. 3d. i's, 3s. 4d, por.'lb.;'Bensdorp'a;'l's,'2s. ;; lOd:;'4'a 2s lid.; I'b, 35.; Fry's, l's, Is. 4Jd.; Bahia 2s. Ifld Condensed Mllk.--Highlandcr,.' 4a Gd.: Swiss Milkmaid; 65..6 dv to'6a. lid/'per dozen Canned Meats.—Sheep tongues, 10a. 6d. to Hs for l's; ox toaguco, 31s. to Ms,;:3*B, 345. tc 365.' per dozen*, Gear's assorted, potted,/4a. .fid., Ht. George's, 6s. Cream of Tartar, 9d. per lb. Canned Fish.—Prices remain tho' same. • • Sar dines have had a rise, on account of the seaso) yielding a poor catch. Herring * in tomati sauce, l's, 7s. to 75.'6 d.; J's,"4s.-6d. to 55.;- kip pored herrings; l's, 'Vs'. 6d. to 7s. 9d.; i's, 4s. 6d to 65.; fresh herrings, l's. 6s. to 6s. 6d.; lobßter C and B, ilb. tins, 14s. 6d to '155.; salmon, salad medium rods, lib. (tails,-Bs. <6d. to 9.5.; llfi. uat« 9s to 9s. 6d.; silver. Jib. Hats', 55.; Golden Link Sookeye, lib. talis, 10s. Cd.; lib.; Oats, lis.; South ern Oross, i1b.,,65. 6d. Uerringlets, in oil. Bena tor brand, Bs. to'Bs. 6d.; in toinuto sauce, Bs. t< Bs. 6d.; sardines. Skipped, ilb. linn, ss. to ss. 6d. 4'b,'9s. 9d. to lOs.; "King Edward," J's, 4s. 9ij t0,55.; ,I's. Bs. 6d.j ling. Smethurst brand, i; makiflg 555. to 565. r per cwt. : According to -"Produce Markets', Review" th salmon pack *of British Columbia showed : shortage of 430,000 cases on expectations. Can ners made preparation for a total of 1,124,40 casos; but had been able topaol: only 694,00 cases. This was most disappointing, for & l&u

pack was djie,* and ' it" was' hoped ' that ever: case prepared would have been filled, and ; 191 prove a year of oheap salmon, which cannot b the case now. Coupled with this shortage stocks in all markets were the-smallest Knowi fori many years. "Under the circumstance many o! the packers found it difficult to fil speculative sales made before the run started and values had advanced nominally 2s. to 3s per ease. This .rise, howerver." bad not attract*! any further offers, and it\.was, evident.:that,;th packers considered it wise to findout the quan tlties of the different sizes packed before,the; undertook further liabilities. ' " Canned fruits are quoted-at Bs. 6d. to 12s. 6d I according to quality. • [ Dried Fruits—Fine grade fruits.—New prune i are a farthing dearer, the-quotations.-for pai ! eels to arrive is 3d. to 3£d. Priccs are' Pornm | ally: unchanged. Currants, finest' proTin6ials. 3id. cleaned Amalias, 3£d. per lh.; lib. cartons, 3s. 9<] I per dozen; sultanas, selected 3id., choice 4d., goldei I 4Jd., lib. cartons. 43. .9d. per, dozen; , dates I in bulk 2Jd. per lb., cartons' 3s. 6d. per dozen I figs; natural, in bags, 23d. to. 3d.; .seeded-raising | fancy lib. packets 45., choice, 35.. 6d. per dozen Muscatels are slow of' sale,' and stocks ar comparatively large; Californiau,. .51b. boxes 6d.; 101b. boxes, 5&d.; 20lb. boxes, 4}d. per lb. Malaga, 54' a, at 6d. per lb. Messrs. Loughlant Mackay, and Co., London, in their dried fru: report, dated September 9, make''-the followin observations... Currants.—The 6tock in London • at ' end c August were 2355 tons ; against 3417 tons las year. It is 'reported .that rain has fallen i Greece, doing • considerable damage, and pricc are likely to be dearer. Quotations are at..pr« sent unaltered. The s.a. "Varain is now a Patraei" and will leave about October 14'. fc Smyrna, whence she sails direct for Melbourn and Sydney about September -21. The Ottei sen is-the following .boat ou September.2o, an October \5 respectively/ calling, at ...Frema'nth Adelaide, Melbourne, and Sydney. Sultanas—Stocks in London at end of Augtu wer0.4459 tons against 1325 tons last year. R< Sorts of rain damage are." to hand, but th ondon market, where first -arrivals, have com to hand, has not been affected. Prices are lov Valencias.—Arrivals of new 4 fruit are of.goo quality, and at moderate prices. Farther sui plies are shortly duo, and sound shipping frui should be theu available. . Muscatels.—The crop'-is reported on favou] ably. Prices should be-about the' same as-.la* year. Jordan Almonds.-The-new fruit has come t hand.eaTly this season. So , far as can c judged the smaller almonds run rather smal and prices, will. rule high compared with th finer ouaiitiee, which arc exceptionally, good. Sicilian Almonds.—The. crop" is reported a most a failure, and quotations are difficult t obtain. Such prices; as are Quoted are ver high, nominally 113s. per cwt., c.i.f. and c. Aui tralia. Dessicated cocoanut. 43d. in chests. Evaporated Fruits.—The quotations are ur changed, apples, apricots, and. pcachcs matin from 7id. toSd.por lb. '' Jute.—A correspondent of the Indian "Dail News" criticised the final. forecast issued b the Indian Government on the ; jute -crop,,a follows:—"The jute and gunny trade are' gcnei ally calculating on an outturn thisyear c about 7,500,000 bales, but how this ..quantity d jute can be got out of 2,728,100 acres: sown 'i an enigma, more especially since-a Rood .dec sown on the -lowlands was damaged by. floodi and had to be cut early. ' The average ou turn for 7.5C0.0C0 bales works. out to about « per cent., which average has not been realise even in a bumper crop year. The reason give for expecting such a heavy outturn is , that th Government, in their ostimate .last year, wei wrong, but people who hold this view overloo the enormous carry-over from the previous yea: This year there is no carry-over "to" speak'o and it is just, possible that the Governmet figures will bo proved correct. ' From priyal sources the outturn for this year is placed i 6,231,067 bales, instead of 7.500,C00 bales arrive at oy the Government. The .percentages ha* been taken on a' liberal scale, and it woul not be astonishing if the Government percen ages. of outturn- were very much less,:as tt arca'damaged has not. been taken, intp."ac'coun,t. Infants' Foods.—Neavc's, 9a. 9d.i Allan au Hanbury's Nos. 1 and 2, 175.:, No. 3. 10s. fid. Neuger's, 175.: Robinson's patent grod'ts and bai ley, 7s. 6d. Neave's.milk food. 13s v 6d.; Nestlo' milk food, 17s. 6d. : Knife Polish.— Nixey's. 4s. 6d.; Okey e. sa. 3d. Maizena.—Duryea'a, 51d.- . • ' ' Mustard.—Fair sales. Coleman a D.S.F., IV li sid. to Is. 6d.; £'s, Is. 3Jd. to Is. 4d.; Durhart 71b. tins. 7d. to 7M. • ' ■ " • ' Matcbes.—Plaids, 3s. Bd. to ,3s. 9d.' a grosj lenny slides, 3s. 9d. lo 9s. 6dl; safeties, smal foreign, 3s. to 3s. 6d.; Dryant and Mai's, smal 4s. 6d.: large. 7s. 6d. ' ' ' . • Motals.—Summarising the position of the Lot don market. for metals, "The Times" on Sei tember 10 wrote that the volume of business f copper'had been- sufficient to maintain a fairl steady'market. - News of increased-quantities c Banca tin to be offered in 1910, the net d« preoiation of about £2 ss. in Eastern valuei together with a show - demand'• and free Bollin by importers, were factors acting in buyeri favour. '• Lead at the outset of the week wa more active, but later a-quieter tone' had pr< vailed. Spelter for the most part ruled- steadj hnd quotations had advanced ss. on the'decisio of < the' convention to make a further advanc ihHhcir; prices, r Galvanised sheet iron continue firm, ana was ouoted at '£11 to £11 2s. 6d. f.0.l Liverpool for 24-gauge sheets in bundles. Zin bhoets had advanced 55." for Silesian, ; and 7i 6d. for V.M.; but. tinplates-swere quieter, wit! valhes ljd. lower. ."'..The'., market for \,warran iron . had been-.-active,,.with/frequent; ; fluctus tions.'' ■ Nutmegs,: v 9d. . ; t0..1a.:-pcr- lb; 1 . '• . Peol.—Lem'oti : ; peol.- ,7' B v '• orange,'sJd.; clt 1 rori,:loJd. 'per.lbV.::;^,,:^' 1 - '* ■v'.' { i j :\ " Pickles.—Mtfrton'a/fbexagon 105.,.6d;v round 12a • 6d. per dozen; .Captain Whltb's, *235. 6d.; Gai ton's H.P., J-pihtS, 12s. 6a.;" pints,' 225. 6d,; pur pickles, 9s. 6d. to 10s. • i; Rice.—No. I,' 15s. 6d.; No. 2, 14s. 6d.; specia 'Japan, 16s.' per .cwt. • • •- ,-Salt.—Floe, 71b. ss. 6d. to ? 63.' 6d.. pe cwt.; bags,' 3s. 6d; 'to 4s.j coarse, in cwt. bags 3s. to 3s. 6d. per cwt. . . . r • Sauces.—L...and I'., J-nints, 145.' % t0 145.. 6di pints,'-251-to'2ss.' 7s. 6(i. pints, 108.'- 6d. to 10s. 9d.;< garton's, i-pints, 7s 6d.; pints, ICa. to 10s. 6d.; Eaglo brand (N.Z.) i'pints, 2s. .9d/ to 3s<;- pints. ss. 6d. to 6s. Starch.—Colmao-s, lib. boxeß, 5Jd. to 5Jd.; 51h Saokets, ; 5d., to 51d.; New Zealand, lib. boxes is. to 395; per cwt.; 51b. packets, 375. to : 3Bs. po •cwt.'-;- .v••••'■ • j Stove Polish.—Nixey's, 2s. 6d.; 'Keckitt's, 3a per dozen'.- ' • v •; Sugar.—lA and No. 1, 56's, £17 55.; No. 2, .£1 155.;,N0. 3, £15 15s. per ton. '■^.xyinegar .Bed lloclt, quarts,' Bs. 6d. quarts, ,95.'6 d.; lied Seal;-quarts, 4s. . concentrated,Vßot botUesl^dls;'-'6d. pe; :.'dozen; ' concentrated, • sga\.'. caskfi;i ; -9si."6d; pe; .'gallon;; pure\'igalC. SAgai. "cae&sy^-'^Si : pe] [ gallon.' * " , •;? v;:V: 1 ;:" bank shae.es!*-yi '":j';i Illy ABsoclAtlon.r-Cooyrfftht l ; London. Odtober 19. • -The following'-are: the latest • quotations \'"r' '• • -• . • • Buyers. ' - Sellers. • •' Banks. '<' £ s;d.s.d. " Australasia'- • • ;. 110 0. ov'Ul-.0 0 _ vNew,- South Wales ... "49 -0 .0 : ;X ':50.0 0 "Union' ;....; 66 0.0 ' 67 •0' 0 National'of'.N.Z ~6 O'O . • .-'6« 5* 0 . . New. 9 15" '0. 10 5/ 0 : '. ; Customß -revenue collected yesterday amountec td £1524 : Bs, lid.'; » ■ . A : MINING NEWS. .... WELLINGTON:MINING MARKET. .'" •/Weakness isfthe main'.feature of-the mirket -and shares that:'were■ expected to'advahce art .persistently dropping;'the boom-in Auckland mining is practically at' an 'etid.'' Waihi.Shares malntaiuv theirvalues, and . next to them it Talisman, but apart, from •'•theso ;two"-minet thore-Is very, little ..encouraging; , At the firsi pall yesterday sales of May Qu'eon at 3s. 7d. ' and .Waihi Grand Junction at 455. 6d., 45s- 3d.! 455'., 45a.;,were recorded. At ; ' the mid-day call Tangiaro.-at 4d. and New Alpine' (paid)-'at ss, were .the only, transactions. -. Tho afternoon call was.barren of results. -,v , , QUOTATIONS f , The latest quoUtioria, with'tho laaV'recbrdefl sales, were .as under:— Buyers. 'Sellers. Sales. V •. £ s:. d,--."£'.g.«d: '- £'sr4 Dominion — 0 D 6 — ' Komata-.Eeef5,.'..... t — 0 0 7 — -I Kuranui 0 0 8 0 010 — Kuranui Caledonian ...; — 0 15 — > May Queen 0 3 5 0 3 8 0 i \ Maoriland 0 010 0 I.D . —•> Mountain King (paid)... 0 1.3 ...0 1; 5 — Mountain King (c0n.)... —'' o>l>2V N.Z."<Crown 05 6 ovs'-.9 ■ — New Sylvia"' 0 4 8 (M 10 '— ■ Old'Alburnia (paid) — 0 2- 7 — Pride of Tokatea — 0 10 — Pride of Waihi ;.-v ''O O 9 \ — v Reliance; ....'. — ,0 0 4 — • Boyal'Oak 0 2 1 — — i Saxon 0 1.- 4 '—3 Tairua Broken Hills' ... 0 l l 0 r l* ' •!' Tairua Golden Hills ... — 0 7 0 — T Talisman 210 0 210 6 — :v i Tangiaro : 0-0 00 4 00 * .Waihi'- 9 15;0 9 17 0 -I Waihi Extended 0 4-'6 0 410 •: — Waihi Grand Junction 2 5 f 6 ; - — 2 5 C Waiotahi — ' ••• 0 4 10. — -Waitangi., 0 3 9 0 311 —• > Watchman — 0 2 6 '—;} Blackwater '..... — 14 0 y. Con. Goldfields 017 6 018 0 — v New Alpine;(paid) 0-4"9; 0.5 9- ,0 5 C New Alpine* (con.) ....... 0 -'4A3r'O 5- 3 • — \ Progress .0 12 6 . — v -• -STOCK EXCHANGE. ; (By Teiecrapd.—Press Aasoclotlon.l .Auckland, October 20. Business done at the first call of the Stock Excjiango .. . May Ciueen, 3s. Bd. . Monowai,'ls.- 9d,, . ■;.. '. Sylvia, .'4s.' lOd. ' '• ■ Hauraki, 2s. 2d., 2a'. Bd. ' r . Komata-Beefs, 6d. ; • Tairua,• Broken vHills, Is. 1 5d^*-.ls.' 4d. •'• . Talisman (con;)} .50s. 9d. - 1» • Grand. Junctions,. 46Si 6d.. 465. -3d.: options ditto, 225. / v. • ' The following business was done at the afternoon call:—' 1 • ■* Magnet, 4id. ■ • May Queen, 3s. 7d. Old Alburnia fpaid), 2s. 4d., 2s. 3d., 2s. 4d. . Old Alburnia (con.), 2s. 2d. • Waiotahi, 4s. lOd. • . . . Waitangi Conflolidated, 3s. 9d. ' • , . Old Hauraki, 2s. 7d. » * Royal .Oak-(con.), 2s. 3d. ' Crown, &s. Bd., ss. lCd. Glamorgan, Bd. •. Maoriland, Is., Is. id. .- - )>' -V Tairua Broken Hills. Is. 3d., Is 4d. ' -'Talisman Consolidated, 60s. 6d., 515.. Sis- 3d, 51s. 6d. - . Waihi, 198s, 6d. , Waihi- St. 2d, '• " ; Waihi Esteaded, 4s! lOd. v;;': ; . > .

Waihi Grand Junction, 485.,'475. 9d. • New Waitaia ,(con.), Ib. 4d. Northern Steam (con.), ss. lOd. Dunedin, October ,20. Stock Exchange sales:—Bailor's Bend, 4b.' 6d. (two parcels);. Waihi Grand 'Junction, 46a. fed, (tlircc parcels), and' 475.; Talisman Consolidated, 50s. 6d. Other Bnles reported:—Watchman, 2s. 7d.j New Zealand Drujf Company, 475.; Consolidated Goldflelds, 18s.' ; '/

1 GRAND JUNCTION. (By Telegraph.—Special Correspondent.) ■• ? ' Altliough there'has been a steady decline in the price of shares in the Waihi Grand Junetion Gold Mining Company, during tho past few days, this cannot bo attributed'to any deterioration in thei mine or Us future' prdspccts; floing cast, some distance will hare to-be driven - , to get under tho chute • of pay . ore coming down from No. 4 lovel. - Tho Empire reei continues to-pro-duce good, dirt'at No, 5 level, and it ia hoped that the Royal,' which • will probably bo intersected in two weeks, will be cut in good-grade ore, as the winzo in close proximity baa been going down in good-grade ore from No. 4 level, and is to within a snort distance of the deepest workings of tho mine (No. 5 level). Two new tube mills are now running at tho battery, and two more 9xo nearing completion, which means that a stoady. increase, in the gold output may be looked for, as recent developments have sub? stautially increased tho ore reserves in sight, THAMES DEEP LEVELS. ■ ( . (From Our Special Correspondent.) Auckland, October 20. * At an extraordinary general meeting of the shareholders in the May Queen Gold Mining Company, held this afternoon, tho Don .T. chelson presiding, tho resolution parsed at an extraordinary meetine held last month relative to the purchase of tho Moanataieri and May Queen 'East claims by two companies, to, be formed for the purpose, were confirmed. Deferring' to the break-down of the Thames-Hau-raki pump, the chairman said it was a very unfortunate occurrence at' this juncture, involving delay and: expense to the company. This was the third time this had occurred. He asked the shareholders, however,. not to be discouraged. Every effort would- be made to minimise the delay, as far..as possible. He hoped they would be in full .working order again in two weeks.' At a, subsequent meeting of the Thames Drainage Board Committee, when the manager of the Thames-Hauraki pump was present, a committee was set up to take atcpo to have repairs effected and get the pump working again as soon as possible. The manager stated r that it would probably.be three weeks before, tho. shaft c&Uld bfe fully unwatered. ,In tho meantime the water would be. kept down to the 650 feet level. Ti necessary, the engineer of the Waihi Company will be consulted with, the view of .obviating further trouble of the kind.

: r :- ; ; ;v::^ : y v;a; r THE ".- DOMiNiori -••i .-. • . • showed a decline. Choppers sold uVto-'£4'16s': t *--j»,*j vwii"i< v«L*tWff yWy'•'' I/■ /v fiv Tivm v i __.. • heavy,baconers, 523. to 60s., lighter do., 45s. to c FARMING-ANB G0MIE1CIAL -r >.'••.•• •" •' v ••..•- • , '-••.%• . : . •/. large sorts, 50a. •to 36s.;- medium, 2Cs. to 28s.; 1 \ .'-,v." woaner3, 12s.. to '153..; extra good to. 18s. r ,V\-.-•:•••;■ 5 ••• ,. Dunediri, October 20. V J V-V?vv,^;a.-v-VkCJ','^-• V; :.S-Vv' ' •" r - 1 ;< v' The following, is tho report of sales ftt the . V,;-."-.'-••'•.'</' • ' J Burnsidc stook market to-day:—Pat cattle: 225 } '<■% V- v.-.'.; -V 1 :">1 ••; yarded—a larpe entTy of medium-quality cattlc, T ''.lyi V' ' v'Vl r--: j;' ' ' ' «. " "' ' : with a few pens of extra heavy'"bullocks. Prices t - '.' x ...v-.'.v, •' ' ■ ; .'. were, about on a par with those' ruling last \ llfcfl cLro„tWfo"owing lhe resuUs g«^ tos - £6 i0^to a ; i-Poajr'- '.diiwn. ...by. «.• lady H&toO Dorothy-; Fat-.sheep: 1665 penned—a medium entry,which < ■ : - ■ OPENED YESTERDAY. I • MaoNlvcn, 1, R. D.Chime, 2; ami C. Stubbs,3;. met. with a brisk sale.'-.Prime-heavy sheep sold £ ;V-'''w;'.-.-'■-•' -■'•■'■-•-• - ;, ; ; Driving '.competition-.—Miss Mnckersey, 1; at an advance of .from Is. to ,1s. Vd., and ma-. c Mus Brandon, 2, Mrs Tutiera Tinkititi dmm *"$ light-weights- at about last week'B j . --. • r r; BREEDS, , j 'fv'.-.-i- 1 '-'■ Hokiango,,iihose tame Has.. 15a . 6d . CKC3i t0 I6 s .,9d.; extra,.to ids. 6d.; i .-. • KEKN^'■'■ COMPETTTrnN TN cnpifp-'. ' «n»n., wee., next in otder. «)»e.. 1 ah, llenw- .nudiuni Ms. to 14i.s hogtKts, to 17s. Fat lambs: i i:' .- w,. .In-.olUsirP. • . . Hawkins, and S. Hawkins. The students''judg-. 100 medium to good' quality 1 lambs were penned. - : :. (By Telegraph—Seecial Eewrter.V ing'contest'vas .won .by J. W G.' Slnckf, of and sold at.from 14s.-6d. to IBs. 6d.. ' , -rw/Oi,.' *,' ' Palmorston North, with A. J.' Cooper,' o£ "Mns-' . Pigs: 160 yarded-a large, yarding, and prices i '::tbuu„L : ft rtastlnss, 20. . tertoa,-second. good' dropyed slightly in xonseqnencc. Suckers, Ma. wool competition .in draught horses,,'and 6ome of % fl ! |'j p3 ' -4 to J, fi' 8 , £ hinlnVra ?|?i:.i5° d - in^;plean,'; :;rolling^■■pastures 'is de- stiid, ; ;wero & chonoers to | 4 ' 15s " to £2 5s - doners,_ta bcc6m«; as &eme predict, a provicco .Mr-'Short, howevor, is aiming to ' ' ' ■" » ; the™ no hint of such a Messrs. Dalgety and Company, re- ' v;'; : -i.^^.%^e--in ; Hastings' to-'day. "of Oamaru) was a belinvpr in- fh<r\ifiwnr nuri' Dort on their'iJleahcim stock sale, held this week ton smrfler. Mr. '• Short's • .?ng^on^ted r^o} V< iw a^Scd S 8^eep W an^wo^fat »©ver been ; ex- season-was,not very successful TIiCi two cham-. C0W8 .. Prices were on .a pai* with' late sales, ; a^arty:sho^ : k"New 'Zealand' and Mis-' were won by Mr. W.-''Harding;- and ruled as fofiow: Fat ewes, shorn, 8s. 7d.- to : ,, .v-Vf-"*i» , '"t©Vfcioii'ff/i n'fia t *x'Lj'vj_-i *' i \ -l Other, prominent; winners were Messrs. J. D. 9s. 6d.; forward ewes and wethers, 8s. 7d,; fat V'- i»' , K £ • its last show. Ormona and Mr t Douglas M'Leari. - wethors, shorn, 10s. 10d.; ewes and lambs, all ; made ; by Hawked ; There was a, yerr largo attendance at the; C0U 5V 5d ' in wool fat..cowsV £4.12a;- 6d. upon ahow to-day, : arid' the weather was perfect. '' - v > r ' ' • ' acd many. ! Ui. : : ' V "v! ' 'i . k < ••>»''•■''-'V-l ■ 'V.T'.'T ' 7 '"••!PP'A7PK('meat tuAnn ' . ■ hundred sheep and 250.cattle were yarded. Sheep ■ -r The' raagiiificent" champion Shorthorn bxtli sold well according'to quality,'but cattle were • • Eoyal J)nko 19th; exhibited'by Mr \7 T* ' • v y easier if anything. Wo made a good clearance. THE PARMERS ' P0 ™ T OT VIEW forward Ms, 'itl .(By Correspondent.) r 4d.{ medium "mixed hoggets, 12s. 3d. to 12s. 6d.; «W}W»JiP;at .Palmeroton last year,,and was . ; : . , , ru , }^.11 / A u n . * r coU hoggets, 8a. 6d.;.small three-yeir steers. £3 • • i; . | plaoed fipst.hoie. ;vT.he Mount Herbert Estates •; , « ■ ..vnnstchurchj October 20.. ios-; two-ycar ; steers, £3 2s. 6d.>to £3 9s.; year-.. chdmpioa ; At to-day $ meeting of, the North - Canter;.- ling steers, £2 : 7s.: do. (bad colours), £1 19s.; ;^c6w. M V.'i\fr.'-Wi'.'v, 1 T.'iWilliams',(seven firsts 1 ' seven ° ur y' -Farmers TJmon, Mr. C. 'H. Ensor, refer- small yearling heifers, 30s. to -31s.; mixed year* rinrio'th^'preeent'outlook for the frozen..meat: lings (poor), ,30s. / - :' ; ' -*wd«i said the very sudden rise.of ,a penny per ifessrs. Dalgety and Company,' limited, report ••'•T^^>^•x^• 4 firsts,'two 'sec- price,-> amounting;to nearly that, at their Pahiatua cattle sale yesterday, fonr^thirds.^Mr, : D. of.'the product,;showed* 635-head were entered.' Forward bullocks,^£6 7^' , charge' bringing out the 'that .there' must 'be'something radically wroug, to £7 4s.j three and a half to four-year bul> (iii{ : tliis'? won outright when .the market could be manipulated to that' lock8 ' } n eood condition, 'l? 0 : s P^ fceI :, said - a P:' ; thrce-year S 'stcers! £3 7s. 6d S "to , £4 15s.; two and i:■ if';-- y» M ,f ? r i?T'« -i- a half y car Steers,.£3.12s. 6d. to £3 16s.; twenty.V:''.:..'.. ■. ' ., '■ ' *"■ '■ - - '' : ■' ■"' .■ ' this end were being told they had glutted the month steers, £3 6s.; twelve to eighteen-month - ::■■■■; Herefords and .Pollod Angus. ■;■• . -v. "indon. inarfcet,. tho people■ m that, very city: steers. £3 3s.; twelve to fifteen-month steers, £2 -were crying out for.' Statistics appearing- 8s.;':twelvo to' 6s. 6d.; "in l U'DSrgety'B-RWieV'' , '0f ' Jiily -i5 showed that two-year steers' to' £3 10s:; fat heifers,- £3 16s. . «W» tho last 12 yoars the • shbep thr6rigliout to. £4; lato springing heifers, £3 to .£3 10s. '■-5jt. : 4S-*Ji£SS.i* i ' 'the world had decreased' by 39j inillions, while At .the cattle fair,' held at' !PaUatiUi'. : yester-S-f ,in„tho,.ranj6.period,iho-.wool affd -mutton' con- day, the New Zealand Loan . and Mercantile 'bv- 87i mifc Agency Company, Limited, -report ■ that- they Ti^'jW.hlch^gayet.Mmrthp/lKcessa'ry-,^advantage in:,the -lion,' of There wmmrnmi 5 yarded about. 7C0 cattlc, and. practically all were sold under the hammer. Four-year bullocks, £5 Mr MoSe' i-n ■ f the.miat yefe to esploil, .hut- 15g . tUn , 0 . y(!ar bullocks. £4 17e. :^ three-and-four. ® W J It wiwpoMible-that'.the of distri- ye #r. bjOlooks. £5 7s; 6d.; two and a. half-year £--. f ■ bntion.had rnn into certain channels in which steers, £4 9s.; two-year steers, £3 8a.; yearling v - :^3? rable criticism on ac« large interests ; bound'up., keep it iri;tKe otecrs, £2 13s. fid.;, forward store cows, £3 5s. ''old groove. If the..producers 'tould consider to £3 10s.; other store Ss. to £2 15s.; -.. leg, ..of course,, OS- advantage, in- tnis class, of )t nr th«T ; wohIH «!rp '.fhafnnHpr fh« two-year empty heifers, £2 9b.- to £3 5s.; yearling mtmmsmsmim •* • W ■' '• «,* «i,uc too consumer, ibcre was tno ag6nt .who sola . . .. — ——rr —; — vr tou' l tw6 I aid i : ' COMMERCIAL ITEMS. ..' . ' .' brced'is coming, fast to-the. If races had a disturbing: effect:ye^rday, 'i-"ifrorit- ' Alffioueh A' Price's Kniirht Er-' »• the middlCTan kept pushing the inarkei into an d practically; no business was done either infresh fields, hnt there was a.possibility that investment, shares or - mining. .The' quotations the. meat merchant who sold'-fo the Iingli-W wereMinaltered.--National Bank, seUcrs-£6 l,.;' butchsi;;found it -b his interest to keep v tHe Bank ,of Now Zealand, buyers £9 6s.; Wellington v :;J.- i ,A^MT^aM,,.with / ; nie'at snpnly in a channel over which he hid Investment, buyers lis., sellers lis. <d.; Welling. ' S-SS ' To sav tint subn IS' should»«» Trust and Loan, eellera,£7 :2s. 6d.; Folld■i.AHMuch disctfiion has-taken place'as.-to the rela-j •^ ] W ing Oas,. buyers £1- Is. 6d.j -Palmorston North v .titfe-"'nieri6 'of ; * thesethree"'- -'beef m }$k merchant, ..but Qa6( S eii Q r 8 £7 i5s.; Ohristohurch ' Meat,'£10 *^:V'--i>H»wk^s? ; BaV'^- !^wVtt«'"SkoiWfa!- i9 f >flte. farmer, as-ho m « st ««»d pa id, buyers £10 12s. 6d„ £2 paid, buyers £1 18s. breed owiii** to tho richness'of thti' -and--'.lambs away .'wheir they are 3d.;- Geaf-.Meat, £4, paid,- buyers ao,.6s.|..Welspent in . making their : ijlcat lington Woollen,-buyers: £3 Is.- Westport-Coal, :* r-v,-:.' jpastare, - butf^t. heie.iis, .&eg: to .grow.-U-P-a. .JXA.C J tS»''d64»th®' consumer would bring buyers £G, sellers £6 4s.;' Leyland-O'Bricn -OSm;W^5]^ a °d-forvHerefords,:«i-?fflte Of ber. buyeis. £1 2s.; New. Zealand Consolidated :tS;;r-lthese.'red, i c^le, i MRiadmi(^jto , Dental, sellers £1 4s. 6d.; Sharland's' preference, ■ } £ :VI ; - on'.Tbugh country.- .Tbeitvintto : ' ,of..this^nntr3r.- l ,thwi mflf buyer's- 20s. 6d.; Taranaki .Petroleum,- sellers 8s. :largev6toTM; ; the ..benefit-of .-the 6d *. . crossing :wMh'the-Shorthorn to and epeoulato.re. H© . that.-tms ; — *ome : 3^claVe;tto : 'be of/all: beef;.;cattle,"-btit . executive do-all in-lts power .to bnng about a • 'OENTBAL INSURANCE OOTJNOIIi, ; tbpre 1 'flre , 'onnonBnfcs to thi<? stvle' of ibreedinff- conference of farmers- organisations arid otheri • ■ , - : ? ho^^inte^ed:ih,the^att ? = TOo. 'as^ ' ; judge).'-Considered: that little black- of'the .causes of< the recent .low. prices wUs t0 os tablish. a central council'.cpmposed of men vV' vr caWi-are' tn'e^onIy y . ones 'suitable for : crossing that .there'were ; ti>0-many filing agents?, at- 0 f recognised 'standing • and experience • in the Sft'f.''- witt-:'. , Shdrthorns.'i'' ; He out.'' that- thn' Home., A- better ' regulating insurance world. The "Argus", of October 13, in pfaitea^mts. -W«^a6?S!SWrt^JgS' /anjiiwl'.wlwoli« raovidcs- ; ing' agreed, that if . a tjecial : sitting, decjsiou , is wantcdi conditton* under; whidi, the tondecost and most granular beef. Ho adds should be dovoteu-to tne question. . (1[ insurance Is carried'.on in tho 1 different' States vthat th4 ilntter. may only corrcctly .cross with .- ■■ ■ ■ '.■■.- ■, vary/materially.- These' differences tell against the Shorthorn, producing the famous steel grev ' l the harmony which it is thought should precattle of the' Simthfield marlet Though they TRADING ON OUR REPUTATION.; vail thei companies .in (4 matters^'Of ;dov .<''i„ni. im-iir'alio'aa-vs' -thnv-wnish nut heavier ? ■ - ■- ■ ■ ■ mestio concern. The difficulty'hitherto'nag been K« U- '■ ••>' . . ' to have disputes'over matters ;of practice dealt . .than4ho,jHW-eford and Shorthorns, and no ? ••• A SPECIFIC CASE. , • with by an independent organisation away from ..confident .that, ago, for age.and weight . for __ _ , : the region df conflict, whose decision would be - Si-» weight, breeder.,of^-Polled>-Angus,would- . : IBy Telegraph Prms Atiocla.fon.1 . accepted a* being-in the-general-interests-of -a:-, shirk a-eontet-withbreedcrsiof either of .the Chns,tchurch, Ootobcr 20. « both the public and the ' companies. v/iTie hope other .battle.j, ' ' ' Some-idea of the manner in.which the.repu- exiata that somebody like the new council-will TV;vs/?vIt5i«- : ifi3feri»ang<-iji-''Uiisi-coiuie!)tion'.to-nptg tation':of 'New 1 Zealand . frozen. - products ■'is. >» awe to nanUe all matteri th^^nature, ■ entered at;PaIincrston : in a-breed contest, but was quoted by, Mr. G. W. Leadley, at-the' , _____ ' opponents, were not'forthcoming, although one Canterbnry branch of the Fanners' Hnion to-. . V»' ni >mm in"™';'™'-' ' ; 4e«n day:—'"Couimen sense compels a-thrifty,house-" , IMPEOVEMBNT IN GEEAT BRITAIN. . t wife: to ;purchase'otir -New Zealand lamb"; .be- '• According to the;."Economist," ..movements in ■'Messrs.'' onlyexhibitors in cause'it; is equal to.;Bnglish, and is only half commodity prices since the.end of March intiiwohAthe i two I championshii«.-:ah(l the cost.' Money returned if nbt satisfied.—Tho «»*«5i B fh« all > WmJ?,.. River. Plate ..Fresh, Meat Company, limited." th& J&& • v( -:, then) ;being. ; only::foui : exhibits. Holsteins, ■— —.. . : torms' the right. items, such r as foodstuffs, : howerer, ; Mr.N ; ■;'''■•? "■ ■ /• , whereaa the advances have taken placo in. thoj i :r ; ;:; :; ;---NewtbhvKing's'ftoous', bull,-: Sir De'Kol Inka n IMPORTANT LAND SALE. ■ raw."materials of industry, and point to a gen--: . : V'V'S!Het^je;r'wfcidh'«lheCGoTeAmwt < -t. ■ .:A--V"V.>T--r"'--'' *...- - nine expansion in the demand. Cotton-picco : - '- ilost month-for experiment - purposes, seems <:a : ■■■ . goods have been in better request, .and the same ' s ™7l n^l 5 r^ e tta b ;eS°o n i'f h B ow y e,4 tmed ™ " DONALD'S PEOPERTY. 'a^e^to. ; : .ft°5 e^^.^ me r ' : jAt''Levin-yesterday Messrs,'-Dalgety and Co., be. doing well. Supplies'of pig iron at Middlesx If ': Ltd.!' pursdant : of 'instructions from Mr. J. E. i"" -0 ' continue to accumulate,, but the demand ---■Warded.byjtne.owner as his best ariimal for, the. >f'n n niilrl- 'Aff«rftd -a.t auction' about 1000 arret 13 ™ry brisk; in-.certain of the -Home. markets, jchamplohship.'vieht;- to (Mr.; S J h ? recovery'in ; . the,. United .-States' ' ah(T that . for., cow.. .w -u miln J s P r a? nomB . a . J ery h SP c,ul that exports i aimin ,S Purposes, ana atuated about, miles to other countries -will ; <soon. be possible, The from the township. ; .'The'.hall-was crowded, coal.trado is,'howevor,' still', in a, state'of ; nn- .; ,, were thci.onlj, eshib'tors. . Mr. .rsewtora-King amj }lr. Herdman, .the auctioneer, stated prior rest,' as tho questioh'of-.wages revision will come Si S'.-} 1 • W; '9S?!S r to'the'sale'that prices were rising .up" for discussion shortly, and somo extreme ; 7 -Tt-hichclaimK; a : . c^;. al Poai^s. a n round, and there'was little chance-bf land- l»"e already been put forward by . the ; y ; -weeKj'-aiin an.older.-cow,- exhibited; .by Mr., Br i'hes .rpMdiriF." The-bidding -atitimes was- Minors Federation. The ship-building - industry offaihed' vfre ' improving, and tfie Board of. ; Trade A -'/-.constituted oHie& - features >:o f. t%,'«iptidn.-" 'SS?. "•f 0 &£-^Hhri?were'' add ,I a r' C 0 ?' u ° 0 ™?, l0 K, nt '4l ur(!^ 8 » a retal ?,'- to . a P®"." nXr.VWii<!' tho'nhiff winiinr \n fif ■ „ tollowing. secfions, were-.-soia.,. , -normal level. ., ; .The statistics .regarding pauperfL ' ■ sloore was ttl<! c " let vlnncr ln Iat 1, per acre, Vi Tompsitt;'No.-2, ism, howover, ,aro still dejifessing, in :their magcattle , per aoro, tl J Reading; Nov:3, X40 per nitude.' thosevfor July' iridicating a depth 'of j;;;--,;'f-.vV'-ji.rV-f-.v'---;---:,;- v'. 1 '. . : acre, Joseph'Ivess; No. 4, per -acre, H. J. destitution in'.England Wales that.appears - Sheep Ulasses. • l?ii>hnrrl<i - Nn ' R 1 JVJ0 ner''nera • T • D Dar- appalling. No; (ewer than, 21.7-. persons m every ' No. ®h°wfe a tender regard, foimcd a good show 12 £31 per aoro, V, A No. 13, only been-exceeded once in the last decade, arid < : ;->vMr; ;William-Perry,'Mi-s.: J. D. Ormond, Mr. #30. per acre, I'j. V> -bchramka;' No. 14, that jvas in ~the -year . 1905. Possibly the .old ago Douglai-M'&Xhi'vahd-'Mr. ; ,T.'■ Tahh6r- : 'we're per acie, R., p.,. JJark;, No. ilB,'., J39 15s. per. pension 'system.'may in time -causo a reduction did not'. here, 19, ■j635'' ; lQs.' per, acre,' ; in. poor relief, but. tho numbers .of'thoso'in.'r*" ■ iehVethe.'othort 'manyfbf .the.:ptTies'.'' In 'cham-' W. .Tojnpsitt;' N6.' : :20, £3i 5s.. per, acre;. G'. ceipt of indoor rolief .have.shown a gradual in'i'ivi : : secured - oniii :tKat''5or Strattbn"; J56.'21, iS.O.per apre, ,,W. J. Readinr; crea'se-for many years past. , ..- ' . ■ <. tam;'aud-:tbe>resewa".ehnmpioaship, -Mr.-Tan- No. 22;< XSO-.-por.acrojiMrs. Stndjl'No. .'23, i-i) : '.,'t _ll -■ • ■ : ... ; ner : getting. ch<\lrr\piori ' reserve' for - 6WDs; ' The 15s, per- acre; T; M. Burhs;'No. ®,. 430 5s. ' BUTTER TRADK. - - . classes-. weroL well-filled..i:--- ' pel acre, P.. L., AlCUS, No., 3-1, 15s. per The imp6rts'. ; of butter; into, the .United--King-yfSSt.'5!r:TJie'B$rd»JWc^W^''.EliyiA'''Wo^iwf8 : .< -Mre, D. Gibson'; .No. 35, 10$. per acre, W. dom during August -wore comparatively: large, ; i-'i:;K%*«^^^dMW';fi^flili^'.'olaSses' ! a1}-'tf-. whole. Tom'psitt. : ;; 'v ■ .' . tho.total beins; .360,lS7cwt., as against'..34S,595cwt,' ' Orniohd'Cwbh-'twq' championships. - " fv.< -. .,. - ,-J.. .•; , \ :t °f -?ra^ ; CODLl'N MOTH iN'';APPLES.AND PEARS, 'ing .taainly due.- to -.expansion - of -.■imports-: from .Nelson ..Bros, von ronr iirst-vsoven Peconda, and certain refiiledyyia Swift's v Arsenate, of Denmark, Sweden, and Prance. -The'total.'im- ; third. the .only. ..Entries.- In j,ead Spray "after''petals of' blossoms "fall. Ports for the: 1 first eight - months' of-the. year ! - ; ; I^;|' 1 g I ish':;Mteters.Mr^p<mglM,-^'I^; : nearly Continue .at intervals:,throughout the ;:Season. compare;as. follow:--."scooped the pool."/ •' •' - - - ■ ■ . - - -. r - ■ 1907. ' 19C8. 19C9. .' - .'iThero-was keen competitionJn Romneys, as , '■■ f \- n J r sm,ti, .- i was inevitable', with-Messrs.. and.Wheoler vfctoda ■ Z172S3 146 851 ,; ' : Bi'o77 8b.ort.wM\thb ■ LIVE 5TQCK SALES. -. JjSni"„T'"' ;.;;:/(;.;-^,chief : ;winh4r,';getting J .iwo,& Kew Zealand 178]W- 219^136 ;.r- v .hrsts, fonr seconds,;and,one third.,-'fhere were -h, T,.i.„.,-h . . .. . '' —— ; , ovu a hundred entries .Uy, Telegraph-l.reas .AssoclationJ , . -■ ., ... -750,930 498,256' 453,944 ; : l Pther;':chanipibhship - were:—Shrop- ' ,''i . r 'ChHst5hurohV..October"2b.,:- i -' S«W"[k' ;^ { .';i;T'.'.»ln»*.«5am;Coopbr.j-. -.Pitt; • '-M the> 1 .Addingt'on.,llro':.stoek:,'-market:- t,o-.day. ISSS,-.™- : r imra w'™ '.Cr sort Bros., who' there wero good\ontnes.,of- stqcU. and a large', -"ffl 22 S'^ ;the-S^thdU^n Z es,; ,,York- llS &r"''■;isow'*;.-;Mrk' ■ B. :! .Hi.:'Slaick. ■; 0thor breads":- ?i?o 184,295" •244,941' '"263,720 '-t'S-V'- wv,;--Mrs/.%ck.iwlth''black: and:;dairy-cattle also gold' bUt .piga- States ; 1C3 35.5G0 v . 627 '-i''^cojisidered^-tfiftt f iwere down several-shilling's per'head., ' :> Canada 22,637 27,548 - 10,667' : fr--rs'the'exhfbit^ , cif'Xthwla8^ohlV r 'retiidred--A reiiVb« f '* ? The ontry of store-Bhcep -was somewhat larger -^^ er countries • - .78,081 68,697 96,206 rBohtAtive'ekhibit from Mr.-AVvbbnrno. th« wolt. than/wasVtho' -week,ewes: and-, lambs-, • T "rr^rrrrz~^r^: