COMMERCIAL.

Gisborne Times, Volume XXXVII, Issue 3483, 7 November 1913, Page 2

COMMERCIAL.

STOCKS AND SHARES.

AUCKLAND EXCHANGE

[BY TELEGRAPH— SPECIAL CORRESPONDENT] AUCKLAND, Nov. 6. Business on ’change is reported today by Mr. Buttle (Mr. W. Lissant Clayton looal agent) as follows: Sales: Waihi 55s 3d, 55s Od 1 ; Junctions 25s 9d ; Talisman 425; Kuranui 10£d, lid; Ross Goldfields 12s 4d, 12s Gd.

WELLINGTON PRICES

[BY TELEGRAPH—SPECIAL CORRESPONDENT] WELLINGTON, Nov. 6. Mr. A. T. Bate (Mr. W. Lissant Clayton local agent) reports:— Sales: Leyland 23s 9d, Talisman 40s 9d, Waihi 54s 9d. Following .are the closing prices:— Buyers. Sellers.

THE CATTLE MARKET.

*BIG YARDING AT THE SPRING FAIR. LARGE-FRAMED. BULLOCKS IN GOOD DEMAND.

That Poverty Bay is rapidly increasing its eat He herds is proved by the fact that it has been found necessary to hold two lairs this Spring, in addition to the usual fortnightly stock sales, to cope with the cattle market. There was a. good attendance at the Matawhero Saleyards yesterday, when Messrs Williams and Kettle, Ltd., and the N.Z. Loan and Mercantile Agency Company, Ltd., hold their Spring cattle fair. There was a large yarding, the Loan Company offering 1500 head, while Messrs 'Williams and Kettle, Ltd., had 1000 head forward. Mr B. Gully acted as auctioneer for the Loan Company, and Mr A. R. Hine wielded the hammer for Williams and Kettle, Ltd.

So many rattle were forward that the yards on both sides of the road had to be utilised, and even then the accommodation was taxed almost to the limit, the largo < paddock pens having to be brought into requisition. The sale dragged a good deal at first, a number of pens having to be passed through reserves not being reached. It was apparent that farmers had not forgotten last year’s experience, when cattle became a drug on their hands through the drought. Though there have been generous rains so far this spring, insufficient has fallen to moisten the parched earth after the long spell of drought or to fill the dried up wells. Though the rains have brought the grass away well, and there is an abundance of; it, farmers realise that if another dry spell sets in this summer it would be just as well not to be overstocked. At this season of the year there is usually a strong demand for cattle to replace the fat stock going to the freezing works. Another factor which tended to make the sale drag at the opening was that the stock offering was not of good quality. As the sale progressed, it was apparent that anything which could be turned into beef was sought after, and large-framed bulocks were eagerly snapped up at good prices. A line of 11 well-grown steers topped the market at £7 Is. Female and dairy cuttle were not in demand, while no one apparently wanted prize hulls. A number of these, including Ms (■. Witters’ Admiral Sperry, winner of five champions and fifteen first. prizes, were offered, but no bids were forthcoming'. Several other prize-taking bulls at the fast Gisborne Show were offered, but had to be passed in. Good quality cows with calves at foot showed a rise of about ills. The sale commenced about noon, and did not conclude until 5 o’clock. The following were the principal lines offered :• — Fat Cattle.—7 cows Co, 2 cows £5 10s, 1 heifer Cl 10s, 2 prime cows £9 7s 6d. Store Cattle.—ll steers £3 8s 6d, 12 heifers and I steers passed at £2, 15 2-year-old half-bred Jo rsey steers no bid, 40 yearling,,steers £2 7s 6d, 5 Jersey cross steers £3 12s (id, 3 well-bred heifers £3 ss, 5 cows passed at £3, 1 crossbred bull £1 7s 6d, 5 cows passed at 355, 12 heifers with 3 calves at foot passed) at £2 10s, 2 heifers £3 Os, 1 springing cow c 3, 1 Jersey cow passed at £4, 6 heifers passed at £3, 48 yearling heifers passed at £2 10s, 1 dairy bull £l, 3 ste ns a a 1 two heifers (weaners) passed at, 30s, two springing dairy heifers pass vi at £3 JOs, 3 steers and ' hofieis (yearlings) passed at £2, 7 heifers and: 1 steer £2 3s, 33 2-year-01-l I nfers £3 6s, 21 heifers passed at- £4 ss, 48 steers passed at £4 7s 6d, 61 good steers passed at £4 10s, 23 31-year-old steers £4 2s, 13 dairy heifers passed at £3 ss, 13 18-months steers and heifers £2 18s, 7 steers and 4 heifers no bid, 6 2-year-old steers passed at £2 15s, 18 nice-quality heifers passed at £2 10s, 73 yearling dairy heifers no bid, 9 yearling dairy heifers passed at £2 10s,* 17 ] 8-months steers £2 16s, 11 2-year-old steers £3 10s, 19 wellbred Jersey heifers £4 13s (kl, 1 purebred shorthorn bull passed at 9 guineas, 12 2-year-old Hereford cross heifers £3 5s * 8 cows and calves passed at £3 7s 6d, 27 yearling polled' Angus steers £3 8s 6d, 9 cows and 6 calves passed at £2 15s, 19 mixed weaners 365, 11 empty cows £3, 6 cows with 5 calves at foot £4, 17 steers and 5 heifers £3 2s 6d, 25 steers £4 7s 6d, 20 cows and 11 calves £3 -15 s, 43 steers £4 ss, 32 steers £3 2s, 33 steers £5 3s, 36 steers £4 10s, 3 heifers £3 14b, 1 cow £3 16s, 25 polled Angus

stoers £4 12s, 57 steers £4 15s, 63 heifers £3 2s, 12 cows in calf passed at £3, 16 bullocks passed at £4 ss, 11 well-grown steers £7 Is, 10 steers £4 17s, 12 steers £4 15s 6d, 5 steers and 10 heifers £3 13s 6d. 9 well-grown bulocks passed at £4 17s 6d, 19 steers passed at £3 15s, 20 well-grown steers £5 15s, 8 cows with 8 calves at foot no bid, 8 steers £5, 221 mixed yearlings passed at £8 2s 6d, 92 well-bred heifers £3 7s, 20 cows and calves £5 11s, 48 big-framed cows with calves at foot £5 os, 16 cows and 16 calves passed at £4 4s, 22 2-year-old heifers £2 17s 6d, 10 bullocks £5 18s, 13 2J-yoar-old steers passed at £4, 35 nice young steers £3 17s, 50 18-months heifers passed at £3, 14 well-grown steers £6 Is, 10 18-months heifers passed at £2 15s, 10 steers and 4 heifers £4 Bs, 20 2-year-old steers £3 15s, 22 yearling heifers passed at £2 2s 6d, 29 steers £4 7s, 1 heifer £3 2s, 13 cows in calf and five calves passed at £3 10s, 1 5-year-old purenred Hereford bull (bred by Holmes, of Invercargill) 17gns, 1 young Hereor hull (bred by McLean, of/ Auckland) 20gns, 15 2./.-year-old steers passed at £3 7s Gel, 9 yearling steers passed at £2 10s, 14 well-grown bullocks £5 12s Od, 29 yearling steers passed at £2 ss, 4 stoers £4 3s, 1 heifer £3, 22 good-conditioned steers £5 ss, 32 18-months steers passed at £ 210 s, 22 yearling steers £3 yearling heifers and 1 steer 32s 6d', 7 yearling steers £2 16s, 2 Hereford steers £3, 4 heifers £2 Is, 1 quiet milk cow £5, 1 Jersey heifer £3, 9 yearling steers passed at £2 15s, 38 pulled August yearling heifers passed at £2 10s, 6 18-months heifers £2 10s, 1 dry cow 355, 1 heifer 255, 1 cow £4, 55 iB-months polled Angus heifers £3 2s 6d, 31 2-year-old heifers £3 10s, j steer £5.

LONDON WOOL MAKKKTK

Messrs W. Weddel and Co., Ltd., report under date London, September 26: Wool.—The fifth series of Colonial wool sales commenced here on the 23rd inst., the following quantities, old and new stock, being available:

Bales. Australian 59,800 New Zealand/ 104,300 South African ... 5,900 South American ... 20.500 190,500

A Large and thoroughly representative number of buyers came up for the opening catalogue, and the greatest interest prevailed as to bow values were to move. business inmost centres bad been dull since the Jul y sales, and holidays had bee ll much in evidence, and from one cause and another buyers and sellers bad rather lost, touch with one another. These auctions were accordingly looked to to re-establi'sh a definite working basis, even though it might, as some believed would be the case, prove to be a slightly loner one than that prevailing at the close of the Julv sales.

Fortunately for holders, the pessimistic views expressed in some quarters have proved groundless, as with •competition active and general, merinos both grease and scoured have been selling very freely on a lull parity with previous rates, any change that there may be being in sellers favor. Crossbreds in the grease have not been in large supply, but all qualities have commanded close attention. Ihe fine grades are steady and unchanged, and medium and) coarse lots, but especially the latter, are extremely firm on July prices. Crossbred lambs are selling readily. Some American bidding has been noticed, but so iar it has not affected values. Slipos have been offered in good quantities, and some attractive parcels have teen submitted. Hie fine and medium quality lambs have teen sold at a 2-J to 5 per cent decline, but- coarser lots have boon steadier. The shorter sheep’s wool are a shade easier in sonic cases. Scoured crossbreds have met with a much better demand than bad been expected, and are firm.

The sales as at present arranged will close on the 10th October. Offerings up to the S-Th inst. comprise some 37,000 bales, including 16,000 bales from Now Zealand and 15.500 bales from Australia. About ,32,500 bales were sold, of which 15,000 were of New Zealand and 12.000 of Australian origin. About 4.600 bales South American were sold out of -1.700 offered. Arrivals to date for tin 1 sixth .series of sales, which commence on the 25th November, total 2,750 bales, of which 2.500 are from Australia, and the balance from South Africa and South A merica.

Following arc the closing Sellers. prices:— Buyers. Waiki ... 56 0 55 9 Junctions 25 9 25 6 Reefs 1 9 1 0 'Palis m an 43 0 42 0 Crown 0 9 0 7i Kuranui ... ... 1 1 0 11 Kuranui Caledonian 0 3 0 1 New Sylvia 1 0 0 9 Watchman 2 8 2 4 Rising Sun 0 3 0 2 2 0 New Waitaia 1 4 1 Ross Goldfields ... 12 9 12 7

National Bank ... 107 0 107 9 Trust 144 6 147 6 Wellington Gas (1st) .330 0 X.Z. Insurant'.' ... 106 0 ITiion Steam (ord) 21 3 Do. (proi.) 19 3 19 9 Levland 24 0 Golden Bay 19 0 Consolidated Dental 20 9 Drug Co 46 0 Sylvia 0 9 1 0 Ross 12 0 12 9 Talisman 42 9 Waihi 56 0 Junction 26 0