DISPERSAL SALE.

Dominion, Volume 9, Issue 2878, 16 September 1916, Page 12

DISPERSAL SALE.

Tbe dispersal sale of Mr. Newton King's well-known'lierd of pedigree Holstein-Friosiau cattle, which is to bo held oil tho farm, Willowvalc, near New Plymouth, oh Ootober 6, should prove of special interest to all breeders and fanciers of the ; popular black and white breed. 11l parting with the stock, tho selection and breeding / of wliicli have entailed so much care and expense; Mr. King will find consolation in the* knowledge that the influence of tho Willowvale strain will be perpetuated in the Herds of those breeders who are fortunate enough to_ secure soma of tho many bargains which will be available on the day of the sale, not the least of which, "if we may be allowed to predict," will be the . imported King Fayne Segis 2nd, winner of many prizes and championships, and whose near relatives in America have done so mu ! ch to make tho Holstoin breed famous.

COMMERCIAL ITEMS INVESTMENT SHARES. . Yesterday's quotations for investment shares were as follow:— Buyers. Seller". £ s. d. £ s. u. .National Bank — 5 7 6 Bank N.Z. (£3 6s. Bd.) ... 11 4 0 ■ Bank N.Z. (£6 13s. Id.) ... 17 6 6 — Napier (las (£10). 15 10 I) — National Insurance 2 13 — N.Z. Insuranco 6 6 0 — S. British Insurance ...5 2 0,, — N.Z. Refrigerating Co. ... — 20/ 0 0 Gear Meat (£4) 17 10 0 - Gear Meat (£1) 4 10 0 „ lluddart-Parker (ord.) ... 1 7 0 1 7 (T Union Steam (ord.) 2 1 6 2 2 3 Well. Woollen (ord.) - .600 Waipa Ooal ..." 0 18 0 — Taupiri Coal — 012 6 Westport Goal — 110 0 Weatport-Stockton (prof.) 010 0 — Ward and Co 516 0 — N.Z. Consol. Dental ... 1 2 6 — N.Z. Drug 2 7 6 — _ N.Z, Portland Cement .. — 012 0 •fGoldcn Bay Cement ... — 12 0 N.Z. Greenstone (£1) 13 9 ■ — Sharland (ord.) 16 6 — Sharland (prcf.) 16 6 — fEx div. Customs duty collcctcd at tho port of Wellington yesterday amounted to £3781 18s. 3d. WHOLESALE PRODUCE PRICES. Messrs. Lsiory end Co., Ltd., Allen Street, report wholesale prices as follow:—Fowls' wheat, prime, ss. 4d. per.bushel; fowls' barley, os. Bd. per bushel; Cape \barley, New Zealand, 3s. 9d. per bushel; rxirtrid&o peas, 6s. 6d. per bushel; maize, feed, 4s. lDd. to ss. per bushel; chaff, oatsbeaf, £6 6s. per ton, sacks iu; hay, clover. £5,105. to £6 per ton; iloitr. in sacks, £13 15s. per ton; oatmeal, £17 10s. per ton; pollard. £7 15s. per ton; bran, £4 15s. per ton All poultry in very good demand; hen 6, 4s. 6d. to 6s. psr pair; cockerels, ss. 6d. to 7s>. 6d. per pair; duck* (Pekin and Aylesbury), Bs. to per pair; Indiatf Rurnners, ss. to 63. per pair. Potato seed: Northern Star, £6 ss. per ton; Up-to«Date, £7 10s. per ton; Gamekeepers. £7 per ton. Bacon (all best factory); sides, UJd. per lb.; roils, Is. 02d. per lb.; hams, Ib. per lb.; shoulder*, JOd. per Ih.j cheese (factory), medium, 9j[d. per lb.; linseed meal, £13 per ton; linefeed nuts, £13 per ton; onions. Victorian, £7 10s. to £5 10s. per ton; potatoes, white-skinned table. £9 ss. to £9 10s. per ton: pigmcal, £6 10s. per ton. Turkeys, gobblers, Is. per lb.;, turkeys, hens, lOd. per lb.: butter (primo bulk). Is. 3d. to Is. 4d.; eggs, Is. 4d.

- , SKIJ?' AND HIDE SALES. Tito fortnightly sales of sitins and hides were held yostcrday by the various brokers:— Messrs. Dalget.y and Co. report, a largo and representative attendance of buyers, and that fill classes of produce were keenly competed lor. Sheepskins advanced id., to id. per lb., and oddments of wool sold at increased rates. "For hides and tallow prices were well maintained. Messrs. Levin :md Co. report that the only wool offered was a few odd fadges. Wool is being held for the next sale on October 33. Sheepskins showed a general advance of id. to id. Hides and calfskins were unchanged. Tallow was firm. Messrs. Murray, Roberts, and Co. submitted a catalogue of <000 sheepskins, 400 hides in addition to oddments of tallow, etc.. Competition was strong for all produco offered. Prices for sheepskins hardened to the extent of a halfpenny per lb., while hides fully maintained last sale's 1 high figures: Tallow was firm, and satisfactory prices were realised ,for the few lots of wool offered. Tho Tfo\y Zealand Loan amd Mercantile Agency. Co., Ltd., report' that tliey submitted a small catalogue of ban wool and fail' quantities of skins, hides, calfskins, and tallow. There was keen demand for skins at 3d. to. id. por lb. advance on last sales. Bides also were wanted, and, advanced one-eighth of a penny. Tallow was ■about 6d. to Is. per.cwt. ,-higher than recent sale's. The New Zealand . Farmers' Co-op. Distributing Co., .Ltd., report'keen competition on most lots.. with. tho result that priccs were firm, coritpared with tho saloi a fortnight ago. The offering of wool was by'no means attractive, the better '■qualities of crutchings being kept out of tho sale in view, of the poor demand for these during tho, last few weck6. Dead wool, however, was well competed for. and sold up to Is. per lb. Practically all kinds of sheepskins show » a hardening tendency, super and medium crossbred realising as high as ISJd. Pelts also sold well. The change, if any. in hides is in favour of sellers. Calfskins were in good . demand at- slightly higher rates than at last sale. Messrs. Abraham and Williams. Ltd., report that competition was very keen for all lots offering. ' Included in the cataloguo were 6omc 70 bales of, medium to inferior crutchings. held over from last sale, which were keenly sort after;- and the firm managed to sell practically cvory bale iat a decided advance on last sale's rates.- ' Skins. wero 3d. to Sd. dearer, compared with last sale. Ox hides were on a par to Jd. dearpr, whilst cow hides ,showod am increase of id. per lb. A line of medium cows in our catalogue bringing as mueh as 333 d. , Messrs. Wright,! Stephenson, and Co., Ltd., Report that skins Bhowed an apprcI ciation of J<d. per lb. Hides also sold in I vendor's favour. 1;• I Sales wero also, held by ■ tho United Farmers' Co-op. 'Association, incorporated with the Walrarapa Farmers' Co-op. Association. The. ramgo of prices was as under:— Sheepskins. Half bred, 123 d.; fine crossbred, 12d. to 13d.: medium to coarse crossbred, lid. to 123 d.; short to half-wools, 6Jd. to 103 d.; dead end damaged crossbred, 6d. to IOJd.: inferior and badly damaged. 4d. to 83d.; lambs, 83d. to 123 d.; ttomp, saU*si find preen, -6s. Bd. to 14s. 2d.; pelts, 3d. to 73d. Hides: Ox, hestvy. Ud. to 123 d.; ox. medium, lid. to 12d.; ox, light, lCd. to Hid.; cow, heavv, 10Ed. to lid.; cow. medium, 103 d. to lijd.; cow. light. 10d. to IOJd.; cut, slippy, and inferior. 7d. to 10] d.; trail, stag, 7fcd. to 73d,; ycarlines, lOd. to 113 d.; calf, superior, 13£ d. to 14Jd.; calf, medium to good, lid. to 133 d.; calf, damaged, Bd. In casks, 285.; 'in tins, etc., Ms. 6d. to 295. 9d. Sundries: Kabbitskius, lid.; opossum skins, 6d. to 3s. Id.; horsehair, Is. to Is. 4d.; cowtails, Is.

BANE OF ENGLAND RETURN. Australian-New Zealand Gable Association. (Kee. September 15, 5.5 p.m.) London, Septembor 14. The Bank of England return -'ssued for the week ended Wednesday, September 13, is as -under v . Issue Depabtmeni. Note Issue £71,118.000 Gov. debt ... £11,015,000 Other securities 7,431,000 Gold 52,069,000 £71,118.000 .t'71,418,000 Banking Department. . 1 Proprietors' Gov. securicapital -sfiljl.sa3.ooo ties £43,188,000 Public do- ' Other securiposits ... 59,147.000 ties 94,160,000 6 ... 96,383,000 Notes... ... 35,297.000 Best, 7-day and other biils ; ... 3,590,000. Com J.72M00 £173,673,000 ' £173.673,000 The leading items of the Bank of Ensland return afford the following comparison:— This week Last week Lastyear £ £ £ Bullion ... .... 53.969,000 53,580,000 63.300.000 Reserve ••• 37.0-25.000 37.528.000 60.672.000 Koto Circulation 36.121,000 36.274.000 31,515,000 Public Deposits 59,147.000 52.219,000 121,575,000 Other Deposits 96,383.000 105.094,000 £0,188.0*1 Proportion of reserves to liabilities 23.80 23.85 23.03 • GOVERNMENT,SECURITIES. Tho following are the latest quotations for Colonial Government Securities in comparison with those ruling last week:

MONEY MARKET. The Bank of England discount Tato wiw on January 2, 1914, reduced from 5 to 41 l>or cent., on January 22 it was reduced to 4 per cent., and on January 2B 3 per cent un July 30 the rati; was raised to 4 per i.ent.. and on July 31 it was raised -to '8 per cent., nod on August 1 it was further advanced to 10 per cent. Qo August 6 tho rate was reduced to 6 per cent., on August, 7 it w&3 further reduced to. 5 per cent., on July 13, 1516, it ivau raised to 6 per ccnt OPEN MAUKET RATES. Tho opon market discount rate for thro# months' bills is 5g per ccnt., as compared

with 53 per cent last, weeli, and 43 per cent, last year. - Bliort loans are fiuoted at por cent., ae against 42 per cent, last vreck, and 49 per cent, last year. METAL MARKETS. (Bcc. September 15, 7.5 p.m.) London, September 14. Copper—On spot, £116 15s. per ton: threo months, £113 10s. ' Tin.—On spot. £170 12s. 6d. per ton; threo months, £171 12s. 6<l. Load.—Spot, £30 per ton; forward delivery, £29. . Spelter.—Spot, £54 per ton: forward, £47. Silver.—Bar silver is quoted at 321t1. per ounce standard. SOtjTHEEjr MARKETS. By Telegraph—Presa Association. Chrlstchurcb, September 15. Tho wheat market keeps firm and. steo/dy. There are odd lines changing hands, practically alt Tuscan, for which about 4s. Bd, at country stations is tlio Reneral price. Thero is practically nothine doinc in other grains. Efforts made in Auckland to lower tho price of potatoes have succeeded to the extent that local buyers aTe now able to offer only £6 10s. to £6 15s. at ceuntrv stations and at tho latter figure most of -the business passing has been douo during the Inst few -daye. Some of the merchants say that a shortage of shipping spaco t-o Auckland has been the cause of the market weakenine. hut others say space can bo obtained for more t.haai they a.re able to sell in -the northern market. 'VICTORIAN PRODUCE MARKET. By Telegraph-Press Association-Copyright Melbourne, September 15. Oat*. Algerians, milling. 2s. 2d.; feed, Is. lOd. to Is. Hid. Potatoes, £5 to £6. Onions, £3 15a. to £4. .

Variation . compared' slock Trice. witli .; last week. £ 5. d. 24% Imperial Consols 60 0 0 Cg higliar 34 „ Wat Loan 86 10 0 Unchanged T T I 26 7 6 2/6 lower 4 ,,N.b.W .I03JJau.-July 66 5 0 5h higher 3j ,.N.SAV.1930-50Mr.-Sp 0510 0 10s highor 34 "N-S-W. Eavly Curr 74 37 (5 Unchanged 3 •?,'- b - 7 n :' , 5Ap -\ 0ct 71 10 0 «s higher L S??? I1 T" JU T y I 04 10 0 Msliighor 34 „Vic. 1021-b Jan.-July 83 0 0 Unchanged 35 „Viu. 3D20.1040 -4 0 0 7/6 higher \ S^ ,J,u, r^ ,,I5, ,iB 0 0 'M lower 35 „S,A. 1016 Jan,-July 75 30 0 15s higher 3 ,.a.A. 1016Jan.-July 62 0 0 5s higher 1 „QTdl015-34 Jan.-July so f, 0 2/6 highor 34 „Q'i'dl922-47Jan.-July 88 0 0 (is lower 3 „QTdl92-2.47Jan.-July 66 10 0 10s lower 4. „N.Z. 1M9 May-Nov. &112 6 Unchanged 34 „N.Z. 1012-10 Jan.Jly 76 5 0 2/6 higher 3 „N-Z. 1020 April-Ocl 67 0 0 17/6 higher 34 .,V/.A. 1015-35M'y-N'v 76 15 0 5a higher 3 »W A, 1015-35 M'y-Nov 72 0 0 Uncliangod 34 „Tas 10-20 Jan-July 71. 0 0 15s lower 3 „Tas 1020-40 Jan-Jnly 67 0 0 Unchanged