LIVE STOCK SALES.

Dominion, Volume 4, Issue 1148, 8 June 1911, Page 8

LIVE STOCK SALES.

Messrs. Abraham and Williams report on their Masterton sale yesterday :—Our yarding at Solway was confined to sheep; wo catalogued no cattle. Hoggets met a readier sale, prices ranging from 7s. 3d. to 95.; for fair good culls 4s. 4d. Empty ewes were backward in condition, but sold under the hammer at late ruling, prices ranging from 4s. 9d. to 7s. 6d. Wo offered no good wethers, but culls made 9s. 4d.; fat owes had good competition, making as high as 135.; plain and unfinished, 10s. 6d.

Messrs. Abraham and Williams, Ltd., report on their Johnspnvillo s*le as follows: —We offered a fair yarding of cattle and sheep. Bullocks met with a dull sale, but the demand for sheep was strong. Best bullocks, £9 10s. to £10 2s. 6d.: lighter, £9 2s. 6d. to £9 7s. 6d.:. light, £8 12s. 6d. to £8 155.; fat cows, £6; veaiers, 275.; extra heavy wethers, 18s. lid. to 19s. 10d.; good Wethers, 17s. to 17s. 6d.; plain, 15s. 6d.; .prime owes, 16s. 9d. to 16s. 7d.; medium ewes, 13s. 4d. to 13s. 9d.; light plain, lis.; good lambs, 10s. 6d. to lCs. Bd.; plain, Bs. 3d. to Bs. lid.

ADDINGTOX STOCK SALE. (Uy Telegraph—Press Association.) Christcliurch, Juno 7. At Addington live stock market to-day there were good entries of stock in the yards, though the offerings of sheen were not so large as last week. Beef sold irregularly, ' but without r.uotablo change. Tho store sheep market had a better tone. Prime fat lambs ■ were firmer, and fat sheep sold at- improved rates. Good store cattle and dairy cows sold well. Fat pigs were in fair demand, but stores were dull of sale. Tho yarding of store sheep was not so large as last week, and consisted principally of ewes and lambs, with a few lots of good wethers. There was a better tone in the market, lambs and ewes both meeting with good competition. Tho range of prices was;— Two-tooth ewes, 13s. Id.; two and four-tooth. 13s. Id.; four and six-tooth, 13s. 4d.; sound-mouth, 9s. sd. to 10s. 6d.; aged and culls, 3s. 3d. to 4s. 6d.; ewo lambs. Bs. lOd. to lis. lid.; mixed sexes, 7s. lOd. to Bs. 3d.; halfbred wether lambs, 7s. Bd.; culls, 2s. 6d. to 35.; forward wethers, to 135.; others, 9s. 6d. to 10s. 9d. There was an entry of 5151 fat lambs, which was a considerable falling-off trom the numbers offered of late. Some of the lines were exceptionally good, but there was a, considerable proportion of inferior duality. The market was topped by a line nf 179 ryeland cross lambs sent in by Mr. T. A. Stephens (Irwcll), which made 20s. under spirited competition. The market for prime lambs was firmer, Imt light weights were somewhat easier, and sold as low as Bs. There were 4865 taken by exporters, at Bs. to 17s. sd, and extra to 20s. 88 were bought by butchers, at 13s. to 175., and 198 were passed, at 9s. lid. to 10g. 3d. The yarding of fat sheep showed a considerable falling-off from tho cicentionally

lioavy entry of last week. It included a larger proportion of wethers than for foine time past, and among them were some very prime lines. For all classes of wethers there was a very keen demand on the part of both exporters and butchers, and prices were decidedly firmer. Good cvrcn also sold well, but inferior sorts were neglected. The range of priccs was: Prime wethers, 17s. 6d. to 235. 3d.; medium, 15s. to 175.; and light, 12s. <!d. to 14s. lid.: nrimc ewes, 14s. 6d. to 18s. 9d.; extra, to 215.; medium, lis. 6d. to 145.; and aged and light, ss. to lis. There were 277 head of fat. cattle penned, including some prime quality lots. The sale was irregular, hut, on the whole, there was no quotable change. .Steers made .£7 'to £11, and extra to £14 12s. 6d.: heifers, £5 to £11 12s. Cd.; and rows, £4 10s. to £9 ICs., equal to 245. to 28s. for prime, 30s. for extra. 21s. to 235. 6d. for medium, and 15s. 6d. to 20s. 6d. for cow and inferior per ICOlb. Veal calves made 4s. 6d. to 555., and extra to £4. A medium yarding of pigs was of a, much better quality than seen for some time past, and there was a, fair demand, though competition was not keen. Choppers sold up to 80s.; heavy baconers, 475. fid. to 605.; lighter. 365. to 455. (eoual to 4d. per lb.); large porkers, 275. 6(1. to 325. 6d.; and lighter, 2Js. to 265. (canal to 4\d. and 4jd. per lb.). The supply of store pigs was in excess of the demand, and prices were conscouently easier. Large sorts maile 2Cs. to 265.; medium, 14s. to 18s.; small, 7s. to 125.; and wcancrs, Is. 6d. to ss. A medium yarding of store cattle included some good. lines of three-year-old stores, and three and four-year-old heifers, and for these there was a fair demaa-1. inferior sorts were neglected. Yearlinzs made 245. fid.: two-yoar heifers. £2 4s. Cd. to'£3lßs. 6d.; tliice-year steers. £4195. to £5 155.; three-year heifers, £3 j7s. 6d.; xoor-year-old, £5; and dry cows. 30s. to £3 17s. 6d.; good dairy cows sold well, prices ranging from £3 6s. Bd. to £9 55.; and extra, to £10 10s. BUKNSIDE SALE. . (By Telegraph.—Press Association.) Dunedin, June 7. At Burnsido stock sale the fat sheep entry totalled 4750, more than half of which were ewes. Most of the wethers forward were good to prime quality, but the yarding of ewes was very mixed, only a small proportion being prime. Prime wethers, 17s. fid. to 195.; extra heavy, to 215.; medium to crood, 16s. to 175. 3d.; light, 12s. to 155.; prime ewes, 13s. Gd. to 155.; extra heavy, 17s. to 19s. Gil.; medium, lis. to 12s. 6d.; inferior, 7s. to 10s. Fat lambs: 2820 penned. The quality was better than last week, though Eeveral lines were hardly finished. Prime, 15s. to 165.; extra, to 175.; medium, 13s. to 14s. 3d.; light, lis. to 12;. 6d. Fat cattle: 153 yarded. The quality was very indifferent. Competition was fairly brisk, ai'd prices were rather bettor than those ruling last week. Prime bullocks, £10 to £11 10s.; extra, to £13 10s.; medium, £8 10s. to £9 10s.; light, £7 to £8 55.; best cows and heifers, £7 to £8 2s. 6d.; medium, £5 15s. to £6 10s.; light, £4 to £5. COMMERCIAL ITEMS. INVESTMENT SHARES. . Sales were recorded yesterday of Westport Coal shares at 295. 6d., and Taranaki Petroleum at 17s. and 17s. 3d. The buying and selling quotations are as under Buyers. Sellers. £ s. <L £ s d. National Bank 6 0 0 6 1 6 Wellington Investment 0 11 6 — Well. Trust and Loan ... — 716 0 Wellington Deposit 0 8 3 ~ Auckland Gas (£1) 3 9 6 — Christchurch Gas 915 0 — South British Insurance 3 8 6 3 10 9 Meat Export (525. 6d.) ... — 3 6 0 Well. Steam Ferry (18s.) 0 13 6 0 16 0 Well. Woollen (ord.) — 4 2 0 Well. Woollen (pref.) 3 0 0 — Taupiri Coal 110 — Wostport Coal 19 3 19 9 D.I.CJ. preference 13 0 — Leyland-O'Brien '. 17 0 — Mirainar, Ltd — 0 2 6 • New Zealand Paper Mills — 12 6 Sharlnnd's preference ... 1 4 0 — Taranaki Petroleum 0 16 6 0 17 3 Ward and Co 5 2 0 — COMMERCIAL UNION ASSURANCE. Tho report of tho Commercial Union Assurance Company, Ltd., for 1910, state? that in the firo department tho'net premiums amounted to £3,139,967, being an increase of £124,806, and tho claims paid and outstanding to £1,502,553, or 47.8 per cent, of tho premium income. From the profits of this department tho sum of £200,000 has been carricd to profit and loss; and, after providing for outstanding claims, the fire insurance fund stauds at £3,141.492. In the marine department tho net premiums received were £306,921, and the claims paid and. outstanding amounted to £151,771. "From the profits of this department tho sum of £60,000 has been earned to profit and loss, and, -after providing for outstanding claims, the marine insurance fund stands at £753,788. The accident department has also yielded good results. The sums carricd to profit and loss from tho fire, mariue. and accident departments amount to £320,0C0, out of which the sum of £250,0C0 has been applied towards reducing "cost of businesses aequired." Tho balance of this account is £158,522 carricd forward to 1911, and out of that amount the directors Tccomraend the payment of % dividend of Bs. nor pharo (less income-tax), making I)ss. per share (less incomo-tax on Bs.) for the yea>r. Provision has been made for payment of an interim dividend on account of the year . v-1911 <of Bs. per ehare (less income-tax). Duri-ns the year an agreement was completed, by the transfer of the shares into tho name of thin company, for the purchaso of the undertaking and assets of tho Ocean Accident and Guarantee Cornoration. Ltd. The transaction involved, in addition to a, payment, in cash, the creation of £861,540 of four per cent. Terminable debenture stock. The figures of the "Ocean" for the year 1910 aro included in those now under review.

NORTHERN ASSURANCE. The report of the Northern Assuranco Company, Limited, for 1910, states that in the fire department tlio net premiums amounted to £1,273,731, showing an increase of £45,029, in comparison with those of the previous year. The net losses were £601,912 and tho total expenses of management (including commission) were £474,077. Tho result is that, after reserving 50 per cent, of the premiums to cover liabilities under current policies, a profit was earned of £175,227. In the accident department the net premiums amounted to £33.301 in the employers' liability section. £5034 in. the accident scction, and in. the general section. The balance of proflt and lose account, after crediting it with £245,225, tho profit and interest on .the fire and accidcnt accounts, and charging it with tho interim dividend paid in November last, amounts to £287,196, out of which tho directors propose tn add £15,000 to the staff pension fund, to pay a further dividend of 4s. per share (less income-tax), and a bonus of is. per share (less incomo-tax) on account of the rear 1910, absorbing £85,625 and leaving £201.571 to be corricd forward to the year 1911 The total accumulated funds on 'December 31 amounted to £7,557,132, MONEY MARKET. The bulk of our season's produce has now gone forward (says the "Trade Review"), and the realisation of this continues to provide an ample supply of money. The balance of exports over imports for the March quarter was over 3J millions, and for tho June quarter also thcro will be a. substantial balance probably about a million. This is a considerably smaller balance than that of the June quarter last year, owing to tho heavy increase in imports that is going on. and a decreaso in exports, which for April and May are nearly half a million behind the same two months last year. There are evidences on all sides that money is in good supply and lending rates are easy,' with a general prospect of continuing eo for the present. Customs duties cojlected at the port ol Wellington yesterday amounted to £1593 16s. sd, WHEAT AND FLOUR. By Telegraoti—Press Association-Copyright London, June 6. Tho wheat and flour afloat for the United Kingdom totals 3,520,000 quarters; for the Continent, 3,530,000 quarters; Atlantic shipments, 363,000. The total shipments to Europe during the week amounted to 1,825,000 quarters, including 364.0 M from Argentina, 640,000 Russian, 50.C-00 Danubian, 342.000 from India, and 100,000 from Australasia. SILVER, By Telegraph—Press Association-Copyright. London, June 6. Bar silver is quoted at 24Sd. per ounce standard. THE METAL MARKETS. By Telegraph-Press Association-Ocpyrlcht (Eec. Juno 7, 9.50 p.m.) London, Juno 7. Copper—On spot, £55 Bs. 9d.; three months. £56; electrolytic. £57 7s. 6d. Tin—On spot, £214; three months, £192 15s. Bd. Lead—£l3 2s. 6d. MEAT SHIPMENTS. SQUTU AMERICAN FIGURES. liy Telegraph-Press ASEociation-Copyright (Kec. June 7, 9.50 p.m.) London, June 7. Tho following shipments of meat, to tho United Kingdom were made from the River Plate and Uruguay during May:— Frozen mutton 301,750cc5. Frozen lamb 94,50Cccs. Frozen beef 176,750picces Chilled beef 175,5C0piecea

OUTPUT OF APXrKNTm. The Department of Aprienlturo and Commerce has received the l'ollowins cablegram from Buenos Ayros, dated June 6:—The following shipments of produce wore dispatched from the Argentine to the United Kingdom ports durius May, 1911 (compared with May, 1910):1911. 1910. Qrs. Qrs. Frozen hcef 160,788 157,736 Chilled beef 175,569 124/40 Frozen mutton 2G9.533cc5. 401,313cc5. Frozen lamb 65,7<-9ccs. 97 t 59Pccs. Butter Nil. 5,393 GRAIN MAHKET. (By Telegraph—Press Association.) Dunedln, June 7. Oats: There is a strong inquiry for prime Bartons and sparrowbiils. Medium dualities aro in fair demand locally, and there is also stron? inquiry for seed lines. Prime milling, 2«. 4&d. to 2s. 5d,; good to best feed, 2s. 4d. to 2s. 41d.; inferior to medium, 2s. t.o 2s. 3d. Wheat: The market is quiet. Buyers aro offering prices somewhat below late quotations, which holder* aro not disposed to accept. Millers are still in the market for choice lots, velvet preferred. Prime milling velvet, 3s. 6d. to 3s. 6*d.: tuscan, 3s. 5Jd. to 3s. 6d.; medium to good, 3s. 4*d. to 3s. 5d.; best whole fowl wheat, 3g. S£d. to 3s. 5d.; medium, 3s. to 3s. 3d. MINING NEWS. WELLINGTON SHAEEMABKET. The mining market is extremely quiet because of the pending labour trouble at lVaihi. Yesterday's advices stated that a strike was almost certain, and speculators cannot be tempted to buy scrip when trouble of this character is around. The sales recorded yesterday were as under:— Tairua Mines, Is. 9d., Is. 9£d. (third call). Talisman, 495. 6d. (third call). Waihi, 605., 595. 6d. (first call). Waihi Grand Junction, 265., 255. 9d. (first call). The buying and selling quotations were as under Buyers. Sellers. £ s. d. x b. a. Blackwater — 18 0 btuuincr's 0 0 S 0 0 6 Kapanga 0 0 6 0 0 8 Kuranui Caledonian — Oil May Queen 0 13 0 16 New Big Itivcr — 3 19 0 New Sylvia, 0 2 9 0 210 Occidental 0 0 3 0 0 5 Old Hauraki — 0 2 4 Saxon 0 17 0 18 Tairua, Mines 0 19 0 1 10 Talisman 2 9 0 2 9 6 Waihi 2 19 0 2 19 6 Waihi Extended — 0 17 Waihi Grand Junction ... 1 5 3 15 9 Waitangi : 0 2 0 0 2 3 Watchman — 0 19 Eoss 0 1 6 0 2 0 Waihi Paeroa 0 10 0 — STOCK EXCHANGE. (By Telegraph—Press Association.) Auckland, June 7. Business done at this morning's call of the Stock Exchange included:— New Sylvia, 2s. lid., 2s. lOd. Saxon, is. Bd. Waiotahi, 2s. 4d. Eoss Goldficlds, is. 6d., Is. 9d, Brcmner's Freehold, 4d. Tairua Mines, Is. 9d„ Is. lOd. Talisman, £3 Cs. 3d., £2 19s. 9d. Grand Junction, £1 ss. 9d., £1 ss. 6d. Haiidsworth, 3d. South British Insurance, £3 10s. The following business was done at the 3.15 p.m. call to-day:— May Queen, Is. Ed. Zeehan Consolidated, 2id. Bendigo, 3d. New Zealand Crown, 3s. 4d. Talisman Consolidated, £2 9s„ £2 Es. 9d. Waihi, £2 19s. 3d. Old Hauraki, 2s. 3d. Wailii Grand Junction, £1 ss. 6d. Wilson's Portland Consolidated (ord.), £1 19s. 9d. TALISMAN CONSOLIDATED. The Wellington Stock Exchange received the following telegram yesterday from the Talisman Consolidated Company:—May Return: Crushed 4230 tons, for £17,356 ss. lid.; costs, 345. lid.: mine development, Bs. 5'!.; mining, 12s. s'd.; milling, 12s. Id.; general, 2s. Following cablegram sent London: — No. 13 level south drive, progress 53ft., roof 72in. cide, assay value £1 15s. lOd.: driving north off No. 12 winze, progress 23ft., reef 48in. wide, assay value £4 25.; driving sotr.li off No. 12 winze, progress 21ft., reef 72m. wide,, assay valuo £5 lOs.