COMMERCIAL.

Dominion, Volume 10, Issue 3002, 13 February 1917, Page 8

COMMERCIAL.

THE SCHEME concebnjsg the pkice op . SACKS. • By telegraph-- Press .Association. T . Dunedin, February 12. Last week tho Hon. TV. D...5. JlacjJWiald staled regarding wheat prices Wiat the prico of sacks to growers would no 9Jrt„ and tho buying-back price Bd. lho Bunedin grain merchants have been in communication with the Minister on tho : subject suggesting that thin part of tho scheme be left out and dealt with in each district as jute sellers and grain brokers had already arranged. Mr. Mac Donald now advises''that the nrieo of sacks and the buying-back price lias been, eliminated from the scheme.

Mr.i Hugh Beetham, of Brancepeth, has presented the Masterton A. and P. Association with a twenty-five guinea cup, to bo competed for at the forthcoming show. Tho trophy has been allotted to the yearling Hereford class. A | sum of ,£725 has been collected by tho'Mastorton A. and P. Association in special donations for the forthcoming show. Last year the donations amounted., to .£7lO.

No fewer than 23(0 entries have been received for tho ram fair to be held in Masterton at the end of next woek. Ifoinneys, as usual, predominate. g An Ashburton farmer informed a "Guardian" importer that the system of farmers helping, each, other in the busy season had worked very satisfactorily, and in many instances would- bo continued while the shortage of labour lasted. - On small farms where harvesting kid 'l>i>»n r-nmnletwl, formers were helping each other with the skim-ploughing, which was absolutely necessary, as teamsters were diffiei'U t" v-T'ifiivo. He considered that as the shortage in this class of labour would be move acute, somethin? should be dine to train men who cared to take up this class of work. Institutions like Lincoln College and State farms could be utilised for. giving the instruction, and. although a short course of training would notniean absolute men would be invaluable for ploughing, which need not necessarily be so neat as that required from a competitor to win a prize at a ploughing match.

MINING NEWS .

, WTX-TjINGTON RHAtfE MARKET. The following were the quotations for mining shares yesterday:— Buyers. Sellers. £ s. d. £ s. d. Murray Creek ''.... — 117 6 Success Dredge — 10 0 Talisman 0 8 0, — \WAIHI REEFS. Tho mine manager reports upon operations, for the past week as follow:—We have continued the crosscut west from north face at a point 300 feet out from shaft at 360 feet level, and have driven an additional four feet into ouartz intersected, which" makes 9 feet of reef penetrated and no footwall showing yet. Tho quartz broken is of a. kindly description, showing nice mineral. A fairly strong flow of water is making from the reef, but is easily-held in shaft by a.little additional bailing. This .new lode has : a decided north-east and south-west course,' and is no doubt one of the main; system of lodes of this field. I have taken samples to test Talues as far as we. havo penetrated, but results are not yet to band. I consider it very cneouragins indeed to find such a fine-lookinc body of quartz at the present depth. All machinery is running smoothly.

LIVE STOCK SALES

The New Zealand Loan and Mercantile Agency Company, Ltd., report thai (it thtir monthly stock salo 'at To Horo ;.ii Wednesday last they offered a Hill yarding of both sheep and cattle to a larue attendance of buyers. Competition was Eoud, aud'thcy have to report a moKt successful sale. They quote:—Sheep, Ztooth fat wethers, 365.; Tat e.'.cs, ijs., 3.15. 3d.; 4-tooth store wethers, 31? ; 2 tooth wethers, 2/s. to 235.; small dr.. 24i : fat and forward ewes, oi's. .d ; -:.:r. breecing eves, 305.; aged ewes, ivs., 'J-s., lis., tls ; shorn lambs, 15s. 9d.; good wop'iy lambs. 17s. 6d. to 18s.; medium do., Ms. to Ids. 6d.; cull do.. 9s. 2d. to 10s.; rams (potters), 28s. 6d. Cattle :-Fat cows, £10 la., £10 10s., £10 165.. £11, £11 lCs., £11 155., £12 7s. 6d. ; fat heifers, £9'45., £10: f.c. cows, £8 'Os., £8 165., £9, £9 10s., £9 12s. 6d.; good store cows, £7 Is. to £7 155.; heifers, R.W.8., £5 6s„ to £5 135.; wcaner calves, £2 3s. to £2 7s. 6d.; springing cows. £11 17s. 6d. to £13 10s.; bulls, £5 to £9 2s.

The New Zealand Loan and Mercantile Agency Company, Ltd., report tbat at their Upper Hutt yards they submitted a large yarding of both sheep and cattle. The sheen sold well under spirited bidding, but cattle were inclined to drag. The firm cleared all lines, with the exception or one small pen of sheep. The following ere the prices realised:—S.M. ewes. 6d.; cull ewes, 19s. 6d.; lambs, 18s.; rill lambs. 9s. to 12s. 10d.; fat ewes, 355. '/d.; aged rams. £1 2s. to £1 10s.; fat and forward cows, £10 10s.; store cows. £8 55., ,£8 lGs.. to £8 Us.: 18-months heifers. £5 1 4s.'. £6 125.. to £7; yearling heifers, £3 ss. to £4 17s. £d.; wcaner calves, £1 7s. to £1 15s. COMMERCIAL ITEMS INVESTMENT SHAKES. Prices of investment shares yesterday were as follow:— Buyers. Sellers. £ s. d. . £ s. d. National Bank 418 0 — ' Wellington Gas (£10) ... — 15 0 0 -Wellington G*s"(pref.) ... - 019 0 Standard Insurance 119 0 — ITuddart-Pnrker (ord.) ... 1 4 3 — Wgtn. Woollen (ord.) ... - 6 2 6 Vv'aipo. Coal 0 18 0 — Leyb.nd-O'Brien 13 6 — Golden Bay Cement — 116 . WHOLESALE .PRODUCE PRICES. Messrs. Laery and Co., ■ Ltd., Allen Street, report wholesalo'prices as follow:— Fowls' trncat, prime, 6s. 9d. per bushel; do., medium, 4s. per bushel; do., barley, 4s. id. per bushel. Victorian Capo barley, sccu, 4s. 6d. .Maize feed, 6s. 6d. per bushel. Chaff, oatsheaf, £6 10s. per ton. Hay, clover, £5 per ton. Flour, .in sacks, £16 10s. per ton. Oatmeal, 7's, £21; 25's, £19. Pollard, £7 15s. per ton. Bran, £5 10s. per ton. Bacon (all best factoryj-tiides, lid. per lb.Molls, Is. per'lb.; hams, Is. per lb.; shoulders, 9Jd. per lb. Cheese (factory), medium, ICd. per lb.; loaf, lid. Linseed meal, 100's, £11 10s.; 50's, £12; 20's, £12 10s. per ton. Linseed nuts, 12s. 6d. p* cwt. ■Linseed ground cake. 12s. 6d. per cwt. , Whole linseed, 255. per cwt. Onions, £8 per ton. Pig-meal, £6 10s. per ton. All poultry, in very good demand; consignments, recommended—Hens, 3s. 6d. to ss. per pair; cockerels, 4s. 6d. to Bs. Ducks, Pckinand Aylesbury, Bs., 9s. per pair; Indian Runners, 55., 6s. Turkeys, gobblers, Is. 2d. to Is. 31b. per.lb.; hens, lid. to Is. per lb. Butter, prime bulk, Is. 3d. per lb. Eggs, Is. £d. to is. 9d. per dozen.

HIGH COMMISSIONER'S MARKET REPORT. The Department of Agriculture, Industries, and Commerce has 5 , received the following cablegram, dated February 10, from the High Commissioner for New Zealand. (Note—Quotations, unless otherwise specilcd, are average market prices on spot):— Meat.—There is a less demand for all descriptions of frozen meat. Owing to large supply. Home-killed mutton and beef selling at comparatively low prices. New Zealand mutton and lamb prices are unchanged. Argentine mutton and lamb prices are higher. Holders are not anxious to sell. New Zealand mutton, per lb., BJd.; ewe mutton, Bid.; Argentine mutton, heavy-weight, 10jd.; light-weight, 10jd. New Zealand lamb and Australian lamb. 10d.; Argentine lamb, heavy-weight. Hid.; lighMveigt, 12d.; New Zealand beef, uo supplies- available. Canadian ox-beef, hinds, IOJd.; fores, 9Jd.; Argentine chilled beef, hinds, UJd.; fores. lO.id. American pork, -lid. Butler.—Tlie market is rather unsettled on account of no arrivals. No official quotations with the exception 'of French, 2035. to. 208sr per cwt.: Irish factory, 1945. to 198s. \. Cheese.—The market continues firm. Steady rise in prices recorded owing to continued small supply. Canadian, white, per cwt.. 1545. to 1565.: English Cheddar, ,158s. to 1605.; States Flats. 148s. to 150s. Hemp.—The market remains firm. A small supply. Market advancing owing to strong demand. Quotations are nominal. Good fair, £66; fair, £64. ! p ehruary-April shipment: Good fair. £66: fair. £64. Government graded: Fair Manila, £80; coarse. £65. The output of hemp at Manila- for the week ending last Saturday was 22.000 balesWheat.—There is a firm market. Offerings are yory small, and quotations are nominal. 'Canadian, on spot. 80s. Cd.; Australian afloat, 82s. Oats.—Tho market is nuict. small business doing. New Zealand, on spot, 51>.