LIVE STOCK SALES

Dominion, Volume 11, Issue 6, 2 October 1917, Page 10

LIVE STOCK SALES

j.-.-Mr. No\rton Sing reports:—At Wa-ima-kaiho on\September 2L yearling .steers made £5 12s. to £7 10s.; yeairline heifers, £3. Is. 6d. to'- £4 10s. 6d.; empty two-year hoifors, £5 10s. 6d. to £7 10b. ; small fat, cows, £12 lis.; two-year steers, rough, £9 175.; cows and calves. £7.35.-6 d. to'£l2 10s.: empty cows, £7 3s. to -£9 18s.; very small cows, £3 18s.'to £5 125.; forward condi-, tinned cows, £10 15s. and £11 10s.; springing heifers, £6' 15s. to £10 55.; springing cows, £11 10s.: old ewes and lambs, 335. 9d.; hogget's, 31s. fid. At Dougjias, on September, 24, empty cows brought .£8 2s. 6d. to £9; forward oows, £10 2s. 6d.; heifers in calf, £8: springing heifers, £9 to £12; -small, £7 10s.; springing cows, £10 10s. to £13; hoggets, 31s. 6d.; culls,'22s. 6d. At Stratford, on September 25, yearling steers .sold at £6 12s. 6d.; yearling; heifers,. £5 75.; bulls, £11 10s.; store cows, £8 2s. 6d. to £9 10s.; small, £5 103. to £5 155.; best springing heifers, £13 30a. to £15; good, £10 10s. to £12 55.; others, £7 10s. to £8 155.; best dairy cows; up to £17; others, '£10 to'£l3, At Inglerwood, on September 26, yearling steers .made £6 155.; yearling heifers; good,up £5 75., others £4 45.; Jersey mixed yearlings, £4 25.; empty twoyear hoifers, £7 to £7 165.; fogrard cows, up to £11 Is.; store oows, £8 6s. to £9 75.; smaller, £6 to £7 125.; bulls.-' £9 155.; springing heifers, all small, from £7 to £10 10s.; dairy cows, £10 ss. to £13 5a.; aged ewes and lambs. 31s. 3d.; fa<t and forward ewes; 355.; forward! ewes. 275.; hoggets, 305.; agod ewes, 15s. A clearing Bale, on account of Mrs. Petch, Oarrington Road, was held on September 27. Best dairy cows, up to £19; i others, £9 to £13; pmpty cows and heifers, £6 to £8 12s. 6d.; 15-month heifers, £4 135.: yearling steers, £6 175.; aged owob' andi lambs, 255. /

Messrs. Dalgety and Co.. Ltd., report ' having held their weekly, stock sale at tho Millers Road Yards on September 28. There was a fair yarding, but several lots were passed,' not quite reaching tho reservo. Quotations:—Oattle: Dairy heifers, to £8 10s.'Sheep: Store wethers, 395. \ Messrs. Wright, Stephenson, and Co., Ltd., report on their Eketahuna sale:—We submitted a very good yarding of cattle, and small entry of shcop on Friday to a large attendance of buyerß. Competition for all classes of cattle waß exceptionally keen, and consequently a good clearance was effected, at the-, following prices:— •Sheep:—Cull ewes, 14s. 6d„ 225„ to 252. 9d. Cattle: 'Forward store cows, £9 9s. to £10 ss.';,storo ows, £7 10s.; two-year heifers, £7

10s. to £7 15b.; yejirliug S.'H. aLccrs, £6 55.; yearling licifcrs, £4 15b. to £4 17a. 6d.; purebred Hereford bull, lour yeaxß, -Heus. COMMERCIAL ITEMS INVESTMENT SHAItES. Yesterday's quotations for investment shares wero as follow:— Buyers. Sellers. ' £s. d. £s. d. Bank N.JS. (old) 12 4 0 — Well. Investment — 011 6 Well. Trust and Loan 5 10 0 5 17 6 Auckland Gas (puicl) — 17 9 Auckland Gas (cont.J — 110 Well. Gas (pref.) — . 0 19 9 National Insurance 3 2 6 — lJ.uddurt-Pa.rker (ord.J ... 1 12 6 — Uuion Steam fprcf.) ... 1 1 3 — Well. Woollen (ord;) 6 12 6 6 15 0 Westport Coal 18 3 19 6 Vvcstuort-Stocktou — 0 8 6 Waipa Colliery 0 18 0 — N.Z. Pa.per Mills 018 6 0 19 0 Colonial Sugar (Aus.) ... 23 17 6 — Customs duty collected at the Port of Wellington yesterday amounted to £15,914 10s. lid. THE MONEY MARKET. A year ago we "were able (says • tho "Trade Bevicw") to congratulate tho Government and the people of New Zealand on the successful .Jlotation locally of the first -war loan, when eight millions was asked for and 9) millions subscribed in, ten days. When a further isßiie of 12 millions waß announced last month, doubt' was expressed in some quarters as to such, an amount being forthcoming, but we held that the country was quite capablo of raising the sum. and this has been fully borne out. When the result was announced it was found that over 16 millions had been subscribed in about as many This is a wonderful testimony to the wealth, and patriotism of the community, and wo havo no fears as to. tho ability oi tho Government to obtain the balance of the 22 millions required when, the time arrives. However, what concerns us most at present in considering tho state of tho monoy. market, iB the probable effect of this enormous absorption of funds on th© available supply of fluids for ordinary requirements. The money remains in circulation locally, and consequently- is mainly Btill in the hands of the banks, who should therefore still have sufficient funds for their legitimate requirements. We hear that two issues of fresh capital for' commercial undertaking involving about £150,000 were oversubscribed. Money for investment on mortgage will probably not be over plentiful, especially as exra taxation, will reduce the returns in the 'case of big lenders to less than the war loan pays, unless of course higher r<u.tes are charged. The export season is'just beginning and presentp rospects are favourable to production being, well maintained. 1 The 'sheep returns show a record total of 25.270.386. and the cattle also show in- ; crease. Much depends on weather conditions and shipping facilities, however, but I values are almost certain to keep at ahigh level for the present. • STOOIC EXCHANGE. Sy Telegraph—Press Association. Chrlstchurch, October 1. Sale reported:—Taupiri §oal, Ise. Bd.