LIVE STOCK SALES. COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1235, 18 September 1911, Page 8

LIVE STOCK SALES.

COMMERCIAL ITEMS.

Messrs. Dalgety and Co., Ltd.. Palmerston North, report on tlicir. Fcildins pale of September 15, as below,:—A pond entry oi botli sheen and i-att'.n oa-me to hand, which sold as below:—Small, wether hoggets, Bs. 2<1.; small owe hoscbts, L . Bs. 109. to 10s. 3d.; blackface hoeeets, ■ 123. Ed. to 123. Bd.; wether hornets. lis. Id. to 125.: cood ewo hoggets, 14s. 4d. to 14s. 6d.: ewes and lambs, 163. lCd.s fat wethers. 2Cs. Cattle: Yearling steers,-£2 Is. to .£2 155.: yearling .heifers, £2 65., £2 Bs. to 1 £2 155.: 15 to 18roonths steers, £3 Bs. to £3 12s. 6d.: empty heifers, £2 las. 6d., £3 <s., £3 7s. to £3 10s.; store cows, to £2 10s.

hcirers, £2 IBs. 6d., £3 As., £0 Ys. to ius.; store cows, to £2 10s. The New Zealand Loan and Mercantile Agency Co., Limited (Feildtns branch), report for the week ending September 15, as fallows:—At Apiti on Tuesday we had a good yarding of c-hecp, and a moderate entry of cattic. Owing to owners' reserves being on the hirrh side, and the continued dry weather, some pons of sheep were turned out unsold, but a fair clearance ;was effected. Wether hoggets, Bs.. Bs. ICd. to 125.; ewe hoggets,. IC<3. 7d.. 125.. 13's. 9d. to Ms.; mixed hoggets. 83. 5d.; ewes and tamb3, lis.; cows in milk, £4 155.; springing heifers, £5 2s. Gd.; mixed yearlings, 315., 06s. to £2 63.; yearling lieifers. £2 53.; two-year steers, £3 10s. At Feildinz 011 Friday we had a small entry of, both sheep and cattic. Probably owing to the recent rains the sheep, particularly the hoggets, •vere firmer in prices than was the case last week, and practically a. total clearance was effected. Messrs. A. H. Atkinson and Co., of Fcilding, report;—Wo held a successful sale on Wednesday, on account of Jlr. S. fitrawbridge, at Waituna, of dairy cows, which sold up to £12 155., and jnado the high average of £9 135.; 2-year heifers sold at £3 75.; 18-months bull. £3 10s.; eows with litter, £3 17a. 6d. !

INVESTMENT SHAKES. . ; A sale of National Bank Shares at £6 2s. was the only investment transaction recorded on Saturday. The buying and ceiling quotations were as under:— Buyers. Sellers. £ s d. £ s. d. National Bank 6 16 — Bank of New Zealand ... 12 2 6 — N.Z. Loan & Mercantile — 017 9 Weil. Investment 011 9 012 6 Woll. Trust and Loan ... 7 9 0 — Christchurch Gas 9 12 6 9 14 0 Well. Gas (£10) - 19 0 0 Well. Gas (new) 215 0 3 0 0 Well. Gas (rights) 0 0 4 0 0 6 Union Steam — 2 10 Well. Woollen (ord.) ... - 4 0 0 Well. Woolleii (pref.) ... — 3 0 0 Lcyland O'Brien 18 9 — Mauricevfllc Lime — 0 15 6 N.Z. Paper Mille — 113 Sharland's ordinary — 14 9 Taranaki Petrolqum — 018 0 TIIE WOOL MARKET. On Tuesday of next week tho fifth of tho series of London woo! Ea'.cs will begin. The prospects are hardly encouraging, judging by tho quotations for Bradford tops. The prices at the close of the July sales ajid the prices now show as under:— July 27. Sept. 14. Sixty-fours 273 27 Super 60's 271 . 264 Common 60's 26, i 25* Fifty-sixes 22J 21J Fifties 19 ' 18 Forty-sixes 15* Forties 14J ■ 13J There is a decline all round, and the fall lias been most pronounced since the great strikes occurred. However, too much stress must not be laid oil the fall ill values .iust now. because it is a trick of the trade to bear the market just before tho commencement of the Australasian wool season, in order that the raw material may be bought at low figures. THE WOOLLEN INDUSTRY. In a lecture delivered in tho rooms of the Roval Society of Arls, London, early last month, Mr. James Graham, in dealing with the woollen industry of Great Britain, furnished some interesting information. There aro four great industries in which wool is the principal raw material used, namely, the woollen industry, the worsted industry, the'earpet industry, and the shoddy industry. Hosiery belongs partly to the woollen and partly to the worsted industry. In the vast majority of oases cacli stage of manufacture is a r.spnratc branch of industry(l) The flockmaster grows the wool; (2) the wool merchant buys the wool. and. after sorting and blending, scnd'.i it tr> (3) the woolcomber, to be combed into "tops" of various kinds; (4) the spinner buys the tops and spins them into yarns; (5) the manufacturer buys the yarn, and weaves it into cloth in accordance with the orders which 110 lias received from the merchant; (6) the merchant receives tho pieces ot cloth and sends them to (7) tho dyer to be dyed and "finished"; (8) the merchant then distributes tho pieces of cloth over tho world. Tiie relative values of woo'! arc largely dependent upou the fashions. There are three classes or native English wools—the short and fairly fine South Down type, the long, strong pure lustre wools of which we have representative fipeciracns in Leicester and Lincoln, and the mountain breeds represented by the Cheviot, and blackfaced sheep of Scotland and Wales. These different breeds have now spread over, all the world and mingled with other

stock* and with one another, have built up almost ait (lie uio<n import-int. flocks of the earth. Some woo! merchants dial only in Knjdteh wools. Others confine their

attention to foretell ard colonial wool.-, whilst others deal in both kinds. Thy words ."a pound of wool" are not so simple a« they ?ccm. Wool may bo di;'t.v or clean, fine or coarse. I-'ngiis:h wools will yield as much as 70 to lib per cent, of pure wool after washing; Australian emsy wools yield 45 to 50 per cent., whilst American territory wocls yield only 33 to 35 per cent- It is, therefore, a point of extreme importance for a buyer to be able to estimate the yield of pure wool from an unwashed fleece.

WRECK STATISTICS FOIi 1910. The statistical summary of vessels totally lost, broken up, condemned, etc.. published by Lloyd's Register, showei that during 1910 the gioss reduction in the effective mercantile marine of the world amounted to 863 vessels of 947.690 tons, excluding all vessels of lee* than ICO tony. Of this total .421 vessels of 667,440 tons arc steamers, and 442 of 280,250 tons were sailing vessels. The total for steamers exceedi that for 19C9 by 21,770 tons, whereas the figures for sailing vessels are 13.312 tons less than those for that year. Attention may be drawn again to the unusual number of voxels which have been broken ud. dismantled, etc., not so far v.3 known, in conseauence of stress of weather. This is a very common termination to a vessel's career, but the amount of tonnage so dealt with during 1910 (356,154 tons), is in excess of the figures for 1909, which were themselves the highest reported in the society's wreck returns. Nearly 305 per cent, of the steamers and over 39 per cent, of the sailing vessels Temoved from the merchant fleets of the world in the course of 1910 arc accounted for in this manner. Of the total tonnage of such case 3 over 41% per cent, io represented by United Kingdom vessels. The statistical tables exhibit interesting data, as to the relative freauency of the different kinds of casualty, etc.. which conclude the existence of vessels. Stranding.? and kindred casualties, which are comprised under the term "wrecked." are much the most prolific cause of disaster. To such casualties are attributable nearly 53 per cent, of the losses of steamer® and over 49 per cent, of sailing vessels. Cases of abandoned, foundered, and missing vessels aro no doubt frequently more or less similar in the circumstances of loss. If these be taken collectively, tbe.v form nearly 21 per cent, of the steamers, and 29 per cent, of the sailing vessels removed from the mercantile marine during 191P< owing to casualty. As regards vessels owned in the United Kingdom, it is satisfactory to observe that the number of such losses in the present return, namely, 22, is the lowest recorded since these wreck statistics have been compiled b.v Lloyd's Register. The return has been prepared in such a manner as to enable a comparison to be made between the percentages of loss suffered bv cich of the nrinoipal merchant n?.vie.i in the world. Great a3 the absolute annual losn.of vessels belonging to the United Kingdom, aprfears to be. it is seen to form a very moderate percentage of the mercantile marine of the country. The percentage of vessels lort by the United Kingdom in 1910. although somewhat higher than !?«t Tear, compares favourably with tha*. of the other principal maritime countries.

OUR IMPORTS FROM BRITAIN. The following is a return of the principal lines of goods of British manufacture exported to New Zealand. during the month of July, 1911. and also for the seven months ending July 30, 1911, with figures for 1910 shown for purposes of comparison. Compiled from the Board of Trade returns;—

FROZEN MEAT. By Telegraph—Press Assocvation-CopyTielit (Hcc. Sep. 17, 5 p.m.) London, September 16. The Frozen Meat Trade Association's Simtlifield market Quotations for tlio unI dormentionod classes of frozen meat are based oil actu-il stiles of not less than one hundred carcasses of mutton or lainb, or twenty-five Quarters of heef of fair averaee finality. The Quotations arc not for solccted lines, hut for parcels fairly representative of the hulk of the shipments now on the market. The prices which follow arc on an avoraeo a fartnins per !b. more than the value ex ship, this difference repre;entins an average ■t, in expenses, handling, conveyance, and selling the meat:— Sep. 9. Sep. 16. Mutton— d. dCanterbury, light l h <S Canterbury, medium Canterbury, heavy 31 315-16 Southland 33 315.16 North Island, bcrt 311-15 315-16 North Island. ordinary 311-16 33 Australian, licht 33 3J Australian, heavy 3 5-16 33 Hivcr Plate, lißlit 33 3j River Plate, heavy 3 9-16 3 7-16 New Zealand ewes 3 3-16 3 5-15 Australian ewes 3 5-16 3 5-16 lilver Plate ewes 33 3J Lam D:— Canterbury, liclit 5i 5 5-16 Canterbury, medium 5J 55-16 Canterbury, heavy ' 415-16 5 Southland 5i 5A North Island, selected ... 5J sft North Island, ordinary 51-16 51-16 Ausiralian, best — — Australian, fair — — Australian inferior — — iliver Plate, first 43 43.. ltivcr Plate, eecond — 4j Beet:— New Zealand, ox fores ... 21 28 . New Zealand, ox hinds ... 38 33 Australian, ox fores 24 2§ Australian, ox hiuds 31 35 Hivcr Plate, ox fores 21 - 22 Elver Plate, ox. hinds ... 33 .32. Hiver Plate, chilled fores 23 2jj lliver Plato, chilled hinds 3J 43 Eabbits are selling freely at about' a chilling advance. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house, under date September 15:—"There is more inquiry for mutton. The market is firmer for lamb,, and generally batter for beef." N.Z. FARMERS' CO-OPERATIVE. CAPITAL TO BE RAISED TO £1,000,300. (By Telegraph—Press Association.) Christchurch; September 16. At an extraordinary general meeting of the New Zealand Farmers' Co-operativo Association of Canterbury to-day, it was decided by 121 votes to 31: "That the capital of the association be increased to £1,000,000 by tbc creation of 100.000 new ordinary shares at £5 caoli." At the ai'.nual meeting, hold Eubscnuently. the chairman, in moving t-hc adoption of the annual report and balancesheet. said that the" a.eiretratc turnover of all operations for the year totalled the colossal sum of £2.961,688, this being an increase for the twelve months of £510.751. As far as the financial position of the association was concerned, lie thought that it would be conceded that the finances were now upon a thoroughly sound basis. Still, a 5 lie had explained in his remarks with reference to the creation of additional capital, it was ncrcssary. with a growing business such as the association's.' to seo that the capital account moved ahead consistent with the business a-, a whole. , , , , . The rcnort ana balance-sheet were unanimously adapted. NOKTJI OTAC.Q FARMERS' COOPERATIVE. (Ily Telegraph.—Press Association.) ' Oamaru, September 17 The annual meeting of the North Otago. Farmers' Co-operative Association was held vcstcrday afternoon. The report gave the followins details nf the yer.r's businei;.? and proposals. The net profit for the vcar eliding July 31 v.t.s £2597 8-:. 3d., \vhi~h, together with £921 lis. Id. carried forward from la;t year, makes a sum of £3568 19s. <cl. The directors propose to allocate the amount as follows:—To pay n, dividend of 7 uer cent, on paid-up capi- ' tal; to refund 5 per cent, on stock and produce commissions; to pay 33 per cent, on salaries earned by the permanent stair, 2!i per cent. !>omis to s-harehohicm on the purchase of merchandise (vuudr.v net it«ms excepted): to place £ICO to a. reserve for bad and doubtful debts: to carry £24 9s. 2d. to the general reserve account, which will then stand at £5000, and to carry tho lorward. The report was adopted,

. NORTH OTA(10 i'KODUCK. I3y TclerraDh.—Press Association.}

Oamai'U, September 17. The wheat marlift opened firm at tlio I»s?pinninjr of the week, but, towards the end, en<=ed ofi or.jnff to tho easier feeling in Europe. Only n. few small sale.* are rcnorted, velvet seHinp nt os. 9d. and rod chalF at 3a. Bd. on trucks at country stations but prices dropped ?. penny ni the end of the week. Oats iU'e firm, and the Fupply i'i limited. Good feed oats arc Felling at 3s. There is no improvement in the potato mo.rkct. and there if a difllculty in gettinir rid of stocks. The figure is £2 ss. per ton. Butter is more plexitis ful, and U selling at. Ltd. for separator, and Bd. for dairy. The price of cssa is Sd. per dozen.

WOOL. UIDE, AND TALLOW SALES. Reporting on their last week's sale of wool, hides, and tallow, at Palmerston. Messrs. Abraham and William:*, Ltd., state:—We held our monthly f-.nle on Friday. and olfcred a catalogue comprising 52 bales and bags of wool (chiefly crutehings), 25C0 sheepskins, 1100 calfskins, 750 hides, and the usual Quantities of tallow, horse hair, and cow tails. Buyers were well represented, and wo have to report- a successful sale. Wc quote :—Wool: Crossbred, 5d.. 6Jd. to 73d.: dead, 5Jd. to 7d.; lccks and pieces, 3id. to 43d.: lambs. 6Jd. to 6*d.; crutchijigs. 4id. to s*d. Skins: Crossbred, tine, sd. to 63d.; crossbred, medmm. 4*d. to GUI.; crowbred, inferior, 3id. to ssd.; hoggets, 4d. to 5d.; dead, <Hd. to 5Jd.: ouarter-wools. 33d.; black, 4id.; lambs, 5Jd.; pelts. 13d. to 2id., at per piece; butchers' skins, 3s. Bd., 4s. Id., 4s. 4d., 4s. 7d., 55., ss. 4d„ ss. 7d., 65., 6s. 5d., 7s'. 2d. to 7s. 5d.; saJted crossbred. 2s. 6d.: dead, 2.. 2s. 9d. Calfskins: Sound. 755. Bd., 81s. 2u. to 935. 4d.; cut and slippy, 3d. to 6d.: yearlings. 6d. to 6Jd. Hides: Ox, heavy. 6d. to 7Jd.: medium, 6id. to 6£d.; no light offered: cow, medium weights. 6Jd. to 6id.: light, s£d. to 6id.; cut and slippy, 4Jd. to 4i<i.; heifers and stecre, 6Jd.; bulls, sgd.; horse hides, Bs. 4d.; cut ho-rsc,2s. Sundries: Tallow, in tins, £23 15s. per ton; casks. £26 10s. per ton; vouch fat, 17s. per cwt.; horse hair, inferior, Gid. per lb.

Messrs. Dalgety and Company. Ltd., report:—At our monthly sale at Palmerston last woek, we offered a, large catalogue to a full attendance of buyers, and all lots met with a good sale under "keen competition. Wool: Our offerings consisted principally of crutchmes. and prices were oil a i>ar with last pale. Crutehings, best lots, 5Jd.: medium, Sd. to 5Jd.; inferior, to 33d.: crossbred, 6£d*« 63d. to 7d.; dead, 7)d.: locks and p;*?ces, 3fcd. to 5d.; lambs, dead. 5d.; Jambs, 6}d. Sheepskins: Prices generally showed an improvement oil last sales' rates Crossbred, 6Jd. to 63d.; half-wools, 43d. to s*d.; short?. 35(1. to 5d.: lambs. sid.-to 61d.: dead and damaged hoggets, d !d. to Sd.; damaged and inferior. 4Jd. to <?id.: butchers' green and salted, at each. 4s. 6d.. ss. 2d.. ss. 6d.. ss. 7d. to 5?. lid. Hides: These ruled slightly firmer than last sales.* Ox, best lots, 63d. to 62d.: medium, 6Jd.: cows. be?t line?. 6gd. to 6*d.; medium and rough, sd. to sid.: cut, 43d.; slippy, 4d.: ,heifers and steers. 6d.: yearlings, bid.. G£d. to 7Jd.; cut, 4d.: horse, at cacli. 6s. to Bs.; staggy ox, to 52d. Calfskins: There was a good demand for these, and the followine rotwf notary prices were obtained:— Be. e -t lines, 9gd.: medium. B*d. to B£d.: light, 6?d.; cut nnd slinnv. to 5Jd. SunAries: Tallow, casks, sood. 265. 9d.; inferior. 22*. 9d.: in tins, 235. 9d.; inferior and roncrh, 14s. 3d.; cow tips. R 2d.: rabbit skins, damaged, 4Jd-: horse hair, inferior, Is. 4d.

FEILDING MARKET REPORT. Messrs. A. 11. Atkinson and Co., Lid., of Feildincr. report that they sold poultry on Fridnv on a. risine market, pigs of rimlity also makincr better values. Int';[rercnt sorts wore neglected. Potatoes were slack of sale. Quotations:—Piss: 'Weancrs, 55., 6s. 6d., 75., 6d.. lis. to 125.; slips. 7s. 6d. to lis. 6d.: stores. 12s. fid., 155., 17s. 6d. to 18s. jporkers, 255. to 355. Poultry: Hens, 33. Jd.. 3s. 6d.. 3s. 9d. to is. 9d.: roosters, «. 6d.: ducks. 55.: 2=. (all at per pair).. Mair.e. 3s. 6d. to 45.: wheat. 4s. 3d. to 4 s. 6d. uer bushel; rve£Tas= 65.; carrots. 2s. to 4s. per sack: table potatoes. 6s. to 9?. per rack; pis do., 3=. to 3s. 6d.: seed. 6s. to. IPs.: cats. 3s. 9d. to 4s. usr bushel; onions. 9s. per cwt.: bacon, 7d. to Bd.; hams, Bd.

Month ending Seven months July 31. ending Julv 31. 1910. 1911. 1910. 1911. £ £ £ £ Beer and ale... 3,114 3.250 18.891 .23.184 Spirits 33,214 19,376 138,727 138.198 Iron and gteel and manufactures thereof 98,074 86,054 543,196 678,72-0 Copper, wrought . or manufacC S:::S 1&S3 Hardware 9,864 11,272 60,927 84,039 Cotton, piece (roods of all kinds 106,375 68,204 446,663 479.207 Woollen rind ■ worsted manufactures 60,557 65,373 249,462 331.213 Haberdashery and millinery 9,294 10.393 38,699 41.558 Jute manufactures 4.41L 2,085 19,057 24.236 Linon, piece Roods of all kinds 11,072 12/C8 62,438 70.493 Apparel 90.CC4 75,333 326,916 365,521 Boots 2nd shoes 23,875 19,428 99,059 115,559 2,455 3,363 18,560 22,E38 4 and C BlaS:i ; 9,515 7.370 49,479 64.C67 Writing and print* ing paper... 13,166 ll,f04 71,126 93.823 Cement 2,777 1,485 12,966 16,550 Stationery, other than paper... 5,9C3 6,977 26,835 31,697