COMMERCIAL

Nelson Evening Mail, Volume XLVIII, Issue XLVIII, 8 January 1914, Page 8

COMMERCIAL

s ' LONDON MARKETS. (Press Association.—Copxeiqht.) (Rec. Jan. 8, 8,45 a.m.) - LONDON, Jan. 7. Tallow, 1054 casks offered and 677 sold ; mutton, fine, 36s 6d; medium 345; 'beef, fine, 35s 9d, medium 34a. ENGLISH WHEAT MARKETS. LONDON, Jan. 7. Wheat is steady and unchanged. The American visible supply is 127,588,000 quarters. EMPIRE TRANSPORT COMPANY. (Rec. Jan. 8, 10.15 a.m.) LONDON, Jan. 7. The Empire Transport Company is issuing a half-million 5g per centum de- j hentures underwritten repayable at par iii 15 annual drawings, commencing in 1915. The proceeds of the issue will be devoted to the extinction of £268,000 worth of existing debentures, and for payment of new tonnage. \ AUSTRALIAN WOOL SALES. (Rec. 10.15 a.m.) SYDNEY, This Day. -During the first half of the current wool season, sale's in the Commonwealth totalled 1,180,869 bales, compared with 1,091,721 tales lor the same period in 1912. MT. MORGAN MINE. . (Rec. 10.15 a.m.) BRISBANE, this Day. The' half-yearly report of : the Mount Morgan mine shows -a surplus of £172,845, whereto is added the undivided profits of £46,591. Dividends of a shilling a share paid in October and on 2nd inst. absorbed £IOO,OOO. The balance of £66,846, after meeting all charges, is carried, forward. During the half year 148.924 tons of ore were treated and vielded 4354 tons copper and 54,992 ounces of gold. Developments during the ■veair will make possible in th£ near future the concentrator to treat £OO tons more ore daily. Every effort is being inade" to complete, the nev> power plant .to bave it available to operate the old smelter until the new- one is running. In addition 3,245,000 tons of high medium grade ores there are at least another 3,000,000 tons of lower grade suitable for concentration. ADDINGTON LIVE STOCK MARKET. . CHItfSTCHURCH, Jan. 7. At- ihe Addington live stock market there were fairly large entries of stock, and as it "was the first.sale -after the reOpening of the freezing season there was k very large attendance .of farmers interested;. In the fat- lamb sale there was a-keen demand for lambs expori-, and 'excellent -prices were .obtained. Fat catwere again easier. Store, sheep insisted, mostly of hoggets and wethers, aniii sold -well up. to the late rates. 'Fat wethers were fairly firm,'and ewes were roniewliat easier. Store sheep and pigs.were rather easier. .- Store sheep : —Hoggets 14s 5d to 16s -6d ■; t-wo tooth, wethers 13s 3d to i4s 2d; four, six,; and- r eiffht-tooth. 16s; ether wethers 13s to. 17s 3d; two. tooth crossbred ewes 19s Id/; two tooth-half bred- • ewes" 21s; aged ewes lis 6d. • -; • Fat ' lambs The yarding ; totalled ' 1934. Tegs 20s to 235, equal to about 53d per lb: .average freezing weicrhts 17s'to 19s 6d, equal, to about- 6d to "6'l«Bd per lb ; light- and unfinished.. 14s JOd to 16s 6d (chiefly bought .by gra zierk); ' H -_ - v- ; . Fat sheep.—Prime 1 wethers 21s to 24s 2d, others 17s lid t.o 20» 6d ;; prime ewes 18s to: 24s 6d, others "13s to" 17s 6d; Merino wethers -17s lid; Merino : ewes lis 6cU . • Fat cattle.: —Steers- £,7 7s 6a to £3l 10s, 1 ext-ra to £l4 15s: heifers £7 2s 6d to £9 10s, extra to £11 ; ss; and cows £5 to £ll. r Store/rattle. —Yearlings £2: 10s to £2 12s ; 15 to 18 months' sorts £3 Is to £3 6s 6d ; two-year steers £5 10s ; two;and v sc. half year steers ■to £6three year ■steers £7>to £7"9s; three and ahalfyear steers to£7l3s; four year steers £8 7s ; and dry cows £2 to £6. * "Dairy, cows mad<e-£2 17s tovJßll. ! ; .. Fat pigs.—Choppers £2 10s .to £4 ss. heavy baconers "£3 to £3 9s, lighter £27s to £2 15s; equal to 5 l-4d. per lb. Heavy porkers-42s'to 465, lighter .37s to 40s; equal to 6- to 6£d;-per .lb. Store pigs.—Sows in pig' £3 15s; to j£4-ss; sows with litters- £6;- large stores 365 : to 425. medium stores 28s to 355, and. small stores 22s to.' 37p; small weaners 16s, extra good animals making ; to 225. ' _ WELLINGTON WOOL SALES. WELLINGTON, Jan. .7. The - second wool saleof' -the .season was held to-dav. About sixty buyers I were -ptesent, representing English, Continental; American and colonial firms. Only about 12,400 bales were" offered, 1 compared * with • 25,355 at the January sales last year. Prices generally were on a ,par with the Decembeir- sale, ■ but an improvement was noticeable for betlots, which after keen competition sold at. an advance up to l-4d per lb. ■pnrhcases were made freely'.for York-shire-and the Continent-. ' ■ ' m " The following is. the' range of pnee^'; realised, .compared with, the December sale,' the later being jriven in parenthesis :—Merino 9£d"to 10 1-4<l» . (none of fering) ; halfibred. /super, , lid to llfd,. (lid-to lUd); half bred, mediuin. 9 l-4d to lOfd to 103 d); crossbred super, lOd to 10M (IOVu to lUd>; crossbred, medium. 9d to-15 l-4d-(9d to 10'.l-4d); crossbred, coarse,- BAd to QAd, (8d to* 9id); crossbred, inferior. 7|d to (73d to- Sid) : crossbred, pieeesapd belto ?*d„ (s£d. to Bid)V halfibred pieces and bellies, 6Ad too B£.u, i7i\ to 9£d ; lambs'j best, IOAd to 113d t: '(lOd to 11 l-4d): lambs', medium, 9d to 10 l-4d, f9d to lOd): lambs'. inferior,,.Bd to 83d. (8d to 9d); locks, 3£d to 5 l-4d, (34d to 4|d). WELLINGTON WOOL SALES, r-: (Special .to "Mail-'-') . : -;'THe V N;Z. <ipan ; and" •• \Mercai)tilj> A>ency..Cp. ,\-"Ltd,; report The second sale of • tlie season .was held" to-day, * when catalogues"totalling '-.aTbout; 12,000" bales' 'werer .submitted a numerous att£ndanTO%|r b'uyers*,- representing Home, and American,^^ Tbcal operatqvs,' and New Zealand, woollen mill?. Bidding exceedingly., keen, and tne bulk tif the \\jere ,clea,red. It i"j -estimated 'that coarse', medium, . and fine crossbred sold at par., to ; id -per lbabove -the; December* rates. v Half-bi\ed showed little" change. The' condition of tlie" wool, generally ' was -of 'abont ; the same condition as regards .greasy,; but many; clips carried a ileal jof .seed 4"d< cotted-fleeces. The following: are some, of thie sales made'by us. of .interest 3 to- jfour ISistrict —-Ta'jData". ; 9d ;"P -in •r diamond.' 9|d : HJR, BJd ; B d; JRM, 8d ;.FCF, 9d. - . ' ; .- ' * LONDON WOOL SALES. :Messrs E. Buxtpn and, Co., Ltd., advise'laving received ,'t}ie.following gable 'this ..morninar from their London''agents (Messrs Sanderson,' Murray.. aiid, Co.) with- reference to the London'^market, and. in anticipation of'the i January wool «'i - "Next sales are expected to be firm."

(Special to "Mail.") Messrs Levin and Co., Ltd.. report:— The second sale of the season was held to-day. Our catalogue comprised 32C0 bales. The wool was in good order, but was somewhat lighter in condition than in December. In many instances a good deal of seed was showing. There was a full muster of buyers, and competition was vei'v keen, prices being from par to a farthing better than the December sale for coarse, medium, and fine crossbred. Half-breds showed no change, and seedy wool no improvement. Lambs' wool was eagerly sought after at high prices. We sold 16 bales Tiniaumea at ll jd j 29 bales WMcL, 6 bales Rawhitaroa, and several others at ll£d, Turanganui 10£ d. The wet season was largely responsible for the reduced offering, "but it is expected that- large catalogues will be available in February. A few growers are shipping to London, but the bulk are content to meet the market here. The following is the range of prices (December, 1913, prices being in parenthesis) : Merino (none offered). 9£d to 10£ d; half-brd super (lid to llgd), lid to l'lJd ; half-bred medium to 10Jd), 9£d to 10|d; crossbred super (9d to 10£ d), 9d to 10gd; crossbred coarse (8d to 9gd), Bgd to 9jd; crossbred inferior (7£d to' Bid), 7-fd to Bid; crossbred pieces and bellies (5Ad to Bgd), 5Ad to 9Jd), 6£d to 83d; locks to 4Jd); 3gd to s^d; lambs', good, 10id to lljjd ; lambs', medium, 9d to 10^d; lambs', inferior, 8d to BJd.