NEW ZEALAND ENTERPRISES.

New Zealand Herald, Volume L, Issue 15481, 12 December 1913, Page 5

NEW ZEALAND ENTERPRISES.

CROWN MINES CIRCULAR. LOSSES BY OIL TRUST. By Telegraph— Association— (Received December 11, 9.30 p.m.) London, December 11. The directors of the New Zealand Crown Mines httvo circularised tho shareholders. J hey propose a. reconstruction of the company to enable them to undertake a more vigorous policy. The new company will have a capital of £500,000 in 4 shares, of which tho present shareholders will receive share per share, 2s paid up. Jo C directors «' the Oil Trust created in lyiO. which is largely interested in the Liranaki Oil Wells, Limited, has advised the shareholders that at least half of the subscribed capital has been lost, chiefly fine to disastrous loan transactions. LONDON WOOL SALES. Tho Bank of New Zealand reports :- \ 3 have received the following cablegram co 1.7 London office, The sales have kindW™' ; v,lh » oud demand for all ocr i IVS1 V S , J*° MJ entity held New ,'? n a ,' PS ' 0f which KM are oriL h ' Kl ' U * market ifi ' steady, prices having a.„ easier tendency. Cur aveZ' CeS for ,v Isknd f! ™' Jots; ■y.erago condition .--Coaree crossbred m?Z x u to S orties *- K *. «M to to fori '" nWd " ,m Clw »bred, forty-fours to forty-sixes Quality, 10 id to lid per lb ■ fifties quality, 10jd &$ P fi i 'b Current prices South M illK i farmers' lots; f Canterbury style, aver g*U« merino, ' cTmS -Wie to sixty-fours quality, IOJd to lid Pel lb; superior merino, super, sixty to xty.fours quality Hd to ' a2d p ? ,£ »alf oi q.tartcrbred, fifty-sixes quality *M to Hid per lb." ' '.' COUNTRY SALES. CompanytTtd 8 ' SoW™ & ™«°™™* ° I"* ,T eDk - W9 ft few pens V i tUo J-. and sold a » but steers made ' £ 6 M'tt ?- ye " £6 tO OT fl-ptl. 11 ' 5 ',. , 0 iu 17S 6(1. fat rows and a-hilf .„ nd,tloncd cows A™o 158. twS a° a three-year m" 3 pr Re &> Ik 15s, two-year steers In. Va. ~. ,? to £& COWS £1 toVl 7 °,W 8 G V° £i 15S t Stor ° « 15s lo ±'15, choice '>°TfK CmP, r ~eifo" * 6s. yearling seer m foWl 8 B,eera in" heifers i"i ™ BIS ** -us to li .is, yearns nuters £2 15s to £3 10s. bulls £'3 to MenSlTwft, 0 / 1 f Dece «iber 5. wo had hal " vo» 'Ii f 13s t0 • f9 6s - IWO «nd" fat cow I 1:/,1?, 1 ? , £5 5s t0 IS* 6d. cows with calves £i 14a to?s Vli to" l tri jS mk. t0 £3 7s (1 ' Bmaller cattlo £2 103 tos Sfe Sft rcally ew>d « i3s usual stn f d i ay „i al MorrinsTil ! 0 - we held our Pis a. / Jfift «'nT nd £i rtletl ' 16 sllcc "- 38 maml ?„, «n ca , tlle - thee was a good demana for all classes, tho whob changing hands. Shorn fat ewes made 16s a to i9s. shorn fat hoggets 15s 2d to 17s woolly hoggets 18s 3d. ewes with 100 per cent lambs in the wool (all counted) 12s 9d to 139 6d. fat steers £9 9s to £9 12s 6d inTFn f sr c ,°o Wa f G x ? s t0 £1 p3 - li «hter £-i 19s to .€6 12s. two to two and a-half yoar steers ii 6s to £5, two-year steers £i to £-1 2s, cows and calves £4 12s. 15-months steers ±3 13, yearling steers £2 15s to £2 19s, Jersey cross empty heifers £4 16s. two-year heavy SS'l 00 ? 8 £ Ll si t0 £8 158 ' yearling heifers £3 -3 to £3 12s.

The New Zoaland Loan and Mercantile Agency Company, Ltd., report: — Wo hold a horse sale at Hamilton on Fri™J and Saturday last, when we suomittcd 58 unbroken colts and fillies, and 383 broken draughts and light horses. A good number of very fine quality young draughts were handled through the sale, but with fow exceptions the light horses were a weedy lot. and many were passed in. As usual young sound draughts wero wanted, and more could have been placed. Prices: draught three-year-old colts and fillies £26 10s to £10, medium £18 to £25. light Borts £7 to £12. broken heavy draughts £35 10s to £10, medium £26 to £32 10s. farm horses £16 10s to £23 10s, buggy horses £14 10s to £17 10s, saddle and harness cobs £8 to £12 10s, ponies £3 10s to £6, weeds £1 to £2.