LIVE STOCK SALES.

Dominion, Volume 4, Issue 1239, 22 September 1911, Page 8

LIVE STOCK SALES.

Messrs. Daleety and Company'and Abraham and Williams, Ltd., report:—At the dispersal sale of tho Gear Estate stock on Wednesday thnre was a large attendance of buyers in spito of the : inclement weather. Ewes and lambs did not quite pell up to expectations, ov.inK to being in tho midst of lambing. Tho dry sheep and cattle sold well, and every hoof on the property was disnoecd of. A largo quantity of implements, machinery, ;md sundries were sold at good prices. The. following prices were realised:—4so six-tooth to f.m. owes and lambs, 17s. Id.; 202 sixtooth to f,m. ewes and lambs, 163. IOd.;

245 hvo-tooth owes and lamliF, 19s. 2d.; 190 two-tooth ewes and lambs ismaJH. 15*. 9d.; !3'l I'.Jl. Horder-LeiccMer cwob nnd lamb?. 2C?.; ''.53 ewe hoggets. 13f. Ud. and lip. lid.; 150 wether hoggcti-. 13k.; 282 mixed hoggets Ms.; 258 mixed Lincoln hogget*, 175.; 223 forward wethers, 17*. Bd.; 150 store wethers, 15.-. 3d.; 58 mill wethers, 12s. 7(1.: 37 empty cows and heifers.. ■£■! 55.; 45 empty cows, £3 »«.: 17 two and a- half to throe-year steer*. £5 135.; 7 18-month steers, .£3 175.; 5 cows and calves, £3 175.; 10 empty heifers, £3 12s.

Messrs. DalKety nnd Company report:—At our l'alinerston sale yesterday a medium entry of sheep and a. good yarding of rattle met with ready sale, practically all lines being disposed of at unction. Medium owe hoggets, 11s. to 12=. Bd.; wether hoggets, lls. 2(1.; small yearling steers, 285.; store cows, £2 ICs.; yearling dairy heifers, £2 17s. to £3 25.; heifers in calf, £2 18s. 6d. to £3 IBs. 6i1.: forward empty cows, £4; two-year steers, £3 16s. On account of Mr. A. Harding, of Ae-blmrst. 70 rising threeyear steers made £5 7s. 6d. to £5 9?. id.; 40 three and a half-year bullocks. £6 ss. Messrs. Abraham and Williams, Ud., report:—At our Palmerston sale on Thursday an average yarding of stock was offered, and met with good competition. Ewes and lambs, Us. to 17e. Bd.; forward ewes, Us. sd. to 145.; hoggets. 12s. 4d. to 13s. lCd.: medium hoggets, 95.; yearling steers, £2 Kβ. 6d.; two-year steers; £3 18s.; three-year steers, £5; springing heifers..£4 <s. to £5; hoifers in calf, £3 Bs.; yearling heifers, 255. 6d.; forward cows, £1; fitore cowe, £2 ICs. to £2 14s.

The New Zealand Loan and Mercantile Agency Co., Ltd. (Palmerstoii branch), report:—At Palmerston on Thursday we had a, good entry" oE cattle, but only two pens of sheep camo forward. A good clearance was effected at late rates. Sheen: Ewo hoPEets, 133. 10d.; wether hoggets, 13s. 2d. Oattle: Jlixed yearlings, 355.; yearling heifers, £2 65.; 18-months steers, £3 7e. -6d.; 18-months heifers, £3 10s. 6d.; store cowe, £2 17s. 6d. to £3 2s. 6d.: forward cows, £3 Us.; forward heifers, £3 12s, 6d.; springing cows, £4 7b. 6d. to £5 IBs.; springing heifers, £5 15s. to £6 ICs.: cows in milk, £5 7s. 6d.; bulls, £4. COMMERCIAL ITEMS. . ■ INVESTMENT SHARES, Investment, share sales recorded yesterday were National Bank at £6 25., Wellington Gas (rights) at 4d., and LeylandO'Brien Timber at 28s. 9d. The buying and Belling Quotations were as under:— Buyen Sellers £ s d. £ s. d. National Bank 6 16 — Well. Investment 0 11 9 — Well. Trust and Loan 7 9 0 - Qisborne Gas — 3 16 Well. Gas (rights) 0 0 4 0 0 6 Christchurch Jfeat — 15 12 6 Jleat Export (£5) 6 4 0 — Union Steam - ' 2 10 Well. Woollen (ord.) - 4 0 0 Well. Woollen (pref.) 2 18 0 2 1? 6 Westport Coal 18 6 — Lcyland O'Brien 18 9 — Kharland's ordinary — 14 9 Taranaki Petroleum — 0 18 0 Taringamutu Totara 2 2 6 '250 Ward and Co — 5 10 Kotuku Oilfields (ICs.) ... 0 16 0 0 17 6 LONDON MONEY MARKET. Last week's figures of the Bank of England gave no indication of a pending monetary stringency such as now appears to have affected Consols, on the contrary thq figures were exceptionally satisfactory. Thoro was an increase in the metal reserve, of over one million sterling, the reserve was £1,4.0,0-0 greater and the proportion of reserve to liabilities stood at 58.10 per eent., and this proportion precludes tho possibility of any advance in bank rato. At the samo time- it must be pointed out that there was an increase in the borrowings from . the bank over £1,500,000. Tho Kuropean money markets are usually disturbed towards the end of the September quarterly, partly bcca,u£c tho banks call in loans to make their quarterly balancesheets look strong, and because there, is then a demand for credits to meet engagements, and move crops to the places of consumption. In previous years bank rato has been raised early in September, and there appeared 3omo hope from the strength displayed by the Bank of Ensland figures that the advance would be considerably delayed this year, but the monetary situation in Germany raako3 -the outlook unfavourable. The discount rate of the Imperial Bank of Germany has been raised to 5 per cent, or 2 per cent, above tho rates current in London and Paris. The monetary movement in Germany is no doubt due to the heavy withdrawals of credit by France and Russia, the run on the Savings Banks, and tho heavy defalcations of ba.nk directors recently reported. It ie not unlikely also that the dcclino in Consols, recorded yesterday, is due to foreigners realising on this security. However, the German movement is bound to be reflected in London, for the rise in the Gorman bank' rato will attract capital to Berlin, and London will sulfer in the transfer. An early rise of tho Bank of Ensland discount rate may now be expected. LONDON WOOL SALES. The fifth of the scries of London wool sales will commence on Tuesday next, when' it is expected that a total of 127.5C0 bales will be available for sale. The statistics for the approaching sale, and tho6c for tho September sale of laEt year comparo as under:— Sept., 1911. Sept.. 1910. Bales. Bales. New arrivals 130,000 132.C00 Forward direct 43.CC0 48,000 , 87,000 E4,0C0 Oid stocks 40.5C0 31,51:0 s 127,500 115.5C0 The quantity to be offered is larger than last year, and with the disturbance caused through labour revolts, and the reports as to money market stringency, it would bo satisfactory to see prices maintained at the level ruling at the last sales. Messrs. Pyno and C-i, of Christchurch. have issued a very interesting review of the wool, frozen meat, and livo stock markets. The review deals with a. great many other topics. About fourteen pages aro devoted to wool, and a. vast amount of information and opinion is compressed into tho space. There are many statistical tables, and useful references to tho crops, live stock, and trade and coniniercc of New Zealand. Customs duties collected at the port of Wellington yesterday amounted to £3052 Ke. Id. WHEAT. Bj Tolejraph—Press Association-Copyright ' (Kec. September 21, 5.5 p.m.) London, September 20. Tho visible supply of wheat is 63,312,K0 bushels. (Eec. Soptcmber 21, 10.35 p.m.) London, September 21. Wheat.—Four cargoes of Australian have been sold at 355. 4d., 355. 6d., 365. 6d., and 365. 9d. respectively. THE METAL MARKETS. By Telesraph—Press v Association—Copyright London, September 20'. Coppor.—On the spot, £55; three months, £55 155.; electrolytic, £57 10s. Tin—On tho spot, £176; threo months, £178 15s. Lead, £14 17b. 6d. ANTWERP WOOL SALES. By Telegraph—Press Association—Copyrlffht (Kec. September 21. 10.35 p.m.) London, September 21. There was a numerous attendanco at the Antwerp sales, and bidding wae animated. Fine merino crossbreds were five centimes, medium ten centimes, and coarso up to 15 centimes below the rates at tho ,Tuly sale 3. A total, of 2406 bales of La Plata was offered, and 1211 bales sold. ENGLISH HOP CROP. By Telegraph—Press Association—Copyright (Roc. September 21, 10.15 p.m.) London, September 21. The English hop crop is estimated to total about 370,000cwt. TALLOW SALES. Bj Telegraph—Press Association—Copyright London, September 20. At the tallow sales 1723 casks were offered and 378 sold. Prices realised.—Mutton, fino 395. 6d., medium 355. 6d.; beef, fino 365. 3d., medium 335. 6d.

AUSTRALIAN PRODUCE MARKETS. By Telegraph—Press Association— Copyright (Ecc. September 21, 11.10 p.m.) Sydney, September 21. Wheat, Is. 6d. to 3s. 6!d. Flour, city brands, £8 15 3 .; country brands, £7 17s. 6d; Oats Algerian. 2s. 4d. to 2s. Bd.: Sparrowhills' 2s. lid.; Giants, 3s. to 3s. 3d. Barley, Cape, 2s. 104. to 35.; Enslisli malting, 4s. 6d to ss. Maize, prime, 4s. Bran and pollard, £5 ss. Potatoos. Tasmanians, £6 to £8 Onions, £8. Butter, 116s. Cliceso, 63d. to 7d. Bacon, 7*d. Melbourne, September 21. ■Wheat 3s. 7Jd. Flour, £8 10s. Oats, Algerian milling, 2s. 3Jd. ; feeding. 2s. Barley Cape, 3s. 3d. Jlaize, 3s. 7d. to 3s. 8d Bran and pollard. £5. Potatoes. £3 to £4 10s. Onions, 3s. 3d. to 3s. sd. Adclaido, September 21. Wheat, 3s. 6d. Hour, £8 to £8 ss. Bran and pollard, HJd. Oats, 2s. 6d. LONDON MARKETS. The New Zealand Loan and Mercantile Agency Company, Limited, have received the followinß cablegram from their London house, under date September 20:—Wlient: Sold .a New Zealand parcel at 325. ?d. c.i.f. The market is very dull; there is very little demand, and the outlook is uncer-

tain. We quote, per quarter, ci.f.:—Sew I Zealand wheal, laim-licrried, 53.-.; shorti berried, 325. M. Tallow: \Yc quote present I f-pot values for the following description?: I Good mutton, 38?. 6d. per cwt.j good beef, 33?. 3d. per i-n-t.; mixed, 33;. per cwt. The market is inactive.