COMMERCIAL

New Zealand Herald, Volume LII, Issue 16024, 16 September 1915, Page 5

COMMERCIAL

LONDON MARKETS.

By Telegraph-Press Association-Copyright London-, September 14. COPPER. £69 P fiTS bUye 5 S £ 68 17s 6d - B e"<*s £70 5s ' forward - Wen £70, sellers £ Electrolytic copper, buyers £84, sellers TIN. Tin, spot, buyers £153 10s, sellers £154 ; forward, buyers £154 15s, sellers £155 ss. LEAD. buyers £22 15s, filers £23 12s JUTE. September shipments, £26 7s 6d. WHEAT. Wheat is nominally firmer, but the market is inactive. SOUTH BRITISH INSURANCE CO. The ordinary general meeting of the shareholders of the South British Insurance Company, Ltd., -will be held at the head office, Queen Street, on Thursday, October 14, at 11 a.m. At the conclusion of the ordinary business, which will include the receiving of the report and balance-sheet, appointment of directors, auditors, etc., the meeting will resolve itself into an extraordinary general meeting for the purpose of considering a proposal to alter certain words in the articles of association of the company.

MILNE. AND CHOYCE, LTD. The annual meeting of shareholders in Milne and Choyce, Ltd., will be held at the company's office, 139, Queen Street, at noon, on September 29. In their 14th annual report the directors of the company state that the amount brought forward from last year was £12,070 4s. The net profit for the year is £8487 3s 2d, from which the directors recommend the following appropriations": Depreciation of alterations and additions, £1447 16s Id; depreciation of fixtures, etc., £1611 lis Id; dividend at the rate of 8 per cent, per annum—of this amount £1600 was paid as interim dividend—£32oo ; directors' honoraria, £375; and that the balance of £13,923 should be carried fprward. "Taking everything into consideration, the results of the year's trading have been quite satisfactory,"" the report continues. ' Stocks are in first-class order, and have been most carefully taken, while ample provision has been made for bad debts and depreciation of all descriptions. In view of the disorganisation of the markets, it was considered advisable for our London representatives to have the assistance of one of our departmental managers, and Mr. G. Jennings has been acting in conjunction with them since March last. The wisdom of this step has been amply justified in supplies already in hand and coming forward. Of 11 members of the staff who have volunteered for active service, eight have been accepted, and their positions are being kept open." Messrs. L. J. Bagnall and T. S. Culling retire from the directorate, and, being eligible, offer themselves for re-election. Mr. W. R. Holmes, the auditor, retires, and again seeks re-election.

STOCK SALES.

AUCKLAND.

Tie hew Zealand Loan and Mercantile Agency Company. Limited, report :— At Westfield Yards last Thursday we had a full yarding, and prices were about same as last week. Best dairy cows sold at from £9 10s to £12; best dairy heifers, £6 15s to £10: other cows, £4 10s to £7; other heifers, £4 5s to £6; aged and inferior cows. £1 5s to £4; empty cows, £4 5s to £6 8s: yearling steers. £2 13s to £4: yearling heifers, £1 lis to £2 8s: calves. 15s to 555: the advertised steers sold at from £8 10s to £10 73; the ewes with lambs. £1 8s 9d; hoggets, 16s to £1 0s 6d. At Warkworth on Thursday we held a special horse sale. There was an average yarding, and we report a good sale. Heavy draughts. £25 to £53; medium, £16 to £25 10s; hacks, £8 to £17; light harness horses, £6 to £13: ponies. £4 to £8. On Friday at Albert Horse Yards horses were yarded in average numbers, and sold at late rates. Heavy draughts. £25 10s to £35; medium. £17 10s to £26: light harness horses. £11 to £15; hacks, £7 to £15 10s; ponies, £4 to £9; weeds, 15s to £2 10s; quantity harness and produce at late rates. At Warkworth on Friday we held our monthly cattle sale. There was a large yarding, prices being barely up to last sale. Three and a-half years to four-year-old steers. £9 15s to £10 17s 6d: two to three-year-old steers. £6 5s to £8 17s 6d: yearling to 18-months steers. £5 15s to £5 10s; steer calves, £2 to £3 12s; empty heifers and cows. £4 15s to £6 10s: two-year-old heifers, £5 15s to £5: yearling heifers, £2 10s to £5 ss: calves, mixed sexes. £1 3s to £1 18s: hulls, £6 to £10 10s; beef at fully Westfield prices; fat cows up to £10; fat steers to £13; fat wethers, to £1 10s: ewes, 19a to £1 4s; best dairy cows and heifers, £7 to £9 15s; others, £4 10s to £6 15s; aged and inferior cows, £1 10s to £3 10s; bulls. £5 to £14. At Silverdale, on Saturday, we had a full yarding, and nractically everything was sold. Dairy cows sold at from £5 to £8 10s; empty cows and heifers. £3 8s to £5 lis: bulls, £3 10s to £8 10s; yearling steers. £2 8a to £3 14s: yearling heifers. £2 Is to £2 15s; calves, mixed sexes. £1 5s to £1 16s. At Pukekohe, on Monday, we held a special dairy sale, when more than the advertised number came forward, and we report a very good sale. Best dairy cows sold at from "£<) to £14 10s: others, £5 to £7 15s; best dairy heifers, £7 10s to £12. others £4 10s to £6 15s: aged and inferior cows, £1 7s 6d to £3 10s. At Pukekohe on Tuesday we held our monthly store sale. There was a full yarding, which met with a good gale. Steers, forward. 3i-year-old to 4-year-old. sold at from £10 to £12 10s. Two to 3-year steers, £7 8a to £10 ss; yearlings to 2-year-old, £4 83 to £7 6s; steer calves. £2 4s to £3 15s; heifers and cows, in fresh condition, £5 to £6 10g; yearling to 2-year heifers. £2 10s to £4 15s: calves, mixed. £1 Ss to £1 17s; bulls. £5 to £10 ss. Beef, at fully Westfield prices, cows up to £13, steers to £15. At Westfield fat stock maiket yesterday beef was penned in usual numbers and showed no improvement on last week's prices. Prime oxen sold to £2 6s per 1001b, others £2 to £2 2s; tows and heifers, £1 15s to £2 3s; steers sold at from £13 5a to £19 2s 6d; cows sold at from £6 2s 6d to £17 7s 6d for an extra well-done cow sold on account of Mr. Jas. Taylor and boneht by Mr. E. Baker, butcher, Great North Road. A truck of 8 cows from Mr. .Tas. Taylor, Cambridge, averjged £14 Is 6d; 20 steers, small but well fatted. from Mr. R. Clark, KaraVara. averaged £16: p. truck of steers from Woodlands, Taupiri, averaged £17 2=- truck of cows from the sane place average;! £13. Calves were penned in extra large numbers and declined in price on last week's rates. Runners sold at. from £7 las to £3 17s 6d: heavy suckers, £3 los to £5 14s: medium. £2 10s to £3 15s: lighter, £1 17s to £2 7b: light. £1 Is to £1 Ins; email and f»e«h - dropped. 5s to 15." Sheep were penned in average numbers and sold under good competition at late rates Pest wethers sold at from £1 14s to £2: shorn wethers £1 7s to £1 9s 6d: others, £1 8* to £1 13s fid: ewes, extra heavy, £1 14s to £1 19s 3d: hers £1 4s to £1 12s 6d: hoegets. £1 <Js 6d to .£1 8s: spring lambs, £1 0s fid to £1 3s. Pigs were penned in small numbers and improved in price. Choppers sold at from £1 IBs to £5 10s; lipavy baconers. £4 4s to £4 12s: medium, £3 7s to £4: light £2 19* to £3 6s: heavy porkers £2 17s to £3 lis: medium porkers, £2 8s to £2 16s; light, £1 IBs tc £" fi«: slips, £1 6s to £1 13s; weanera, 18s to £1 3s.

Messrs. Alfred Buckland and Sons report as follows: —

At the Haymarket, on Friday last, we had a full yarding of horses, which met with a better demand. Aged draughts realised from £23 10» to £37; young lorry and express sorts, £33 to £44 10s; baker's and grocer's cart class, £15 10s to £24 ; plough horses, £18 to £32; light harness sorts, £3 to £16 10s; gig ponies, £4 to £13 ss; good hacks, £10 15s to £17 ; light to medium, unbroken, 3 to 4-years old, _ £6 10s to £20; aged and worn sorts, all prices. On Saturday we held a clearance sale at Mr. T. W. Harbey's, Pokeno. There was a good attendance, and satisfactory prices were realised. The ewes in lamb sold for 265; hoggets. 16s 3d; cows, £6 15s to £7 15s; empty heifers, £4 to £4 10s; farm horses, £13" to £20; unbroken, filly. 3yrs. £17. The implements and sundries Bold well. At Kumeu, on Monday, we had a full yarding of stock, which was disposed of at late values. We held our usual weekly sale of dairy and store stock at Westfield, in Thursday, September 9, and disposed of more than an average yarding to ready buyers. Dairy cows made from £9 to £11 for best, others £5 10s to £8; springing heifers, £5 10s to £9 10a; empty cows, £4 10s to £7; yearling steers, £4 to £4 9s; good calves, mixed sexes, £2 8s to £3; smaller. £1 10a to £2 2s; weedy, 13s to £1 Is At Turua, Hauraki Plains, on Friday, September 10, we had a large yarding, every pen being utilised. There was a large attendance, and practically everything changed owners at values similar to those ruling elsewhere; dairy cows, first quality, made from £ll to £14; second grade cows, £7 to £9; choice springing heifers. £8 to £10 10s; smaller heifers, £5 to £7; 2 to 24-year-old steers, £6 10s to £7 10s; yearling to 18-month steers, £3 13s to £4 13s; fresh empty cows, £6 to £7 10s ; store cows. £4 10s to £5 15s; cows and calves, £8 5s to £10 178 6d; 18-month heifers, £3 to £8 16s;

small fat steers. £10 to £12 IBs: fat cows, £8 9s to £11 10s (73 beef sold); calves, £1 8s to £2 10s. Pigs, slips £1 12s; a few Ponies Bold at from £3 to £6 15s. We held a clearing sale on account of Mrs. Rennie on Saturday, September 11. iiuyers were in attendance, and values were fully up to expectations. Best cows, £14 to £16; those milking some time, £10 10s to £13 10s; aged cows. £7 to £9; bull, £11 10s; bay colt, £35; bay mare, £38; phaeton, horse and harness, £82 15s; aged gelding, ±12 ss; separator, £13; harrows, £1 18s; cart. £7 ss; mower, ss. lnere was an average yarding of stock at liowick on Monday, September 13, which sold readily at ruling prices. Dairy cows made lomI om £ "' to - 9 12s 6d; backward springers, £4 10s to £6; aged and inferior. £2 to £4 ss; heifers. £5 to £7 ss; empty cows, £5 to £6 10s; calves, £1 10s to £2 7s. Yesterday we held our usual weekly Westheld fat stock market, and sold beef to the number of 422 head, comprising 299 steers, 116 cows and heifers, and 7 bulls. The quality generally was first-class. There was a steady demand throughout, at values which were similar to those ruling last week. Choice ox sold to £2 6s per 1001b, prime £2 3s to £2 ss, ordinary £1 18s to £2, cow and heifer £1 15s to £2 4s; steers ranged in price from £10 10s to £19 17s 6d, cows and heifers £6 to £16 ss, the latter price for a cow from Sir. A. S. Thompson, JPakuranga. -be highest overages for steers were as follows:—A truck from Mr. R. Reynolds, Cambridge. £19 5s 8d; a truck from Mr. A. Orr, Momnsville, £18 19s 3d; 15 from Mr. John Harris, Otaua. £17 5s 2d; 8 from Mr. James McNicol.Te Aroha, £17 0s 3d; 22 from Messrs. R. and W. Gollan, Panmnre £17 13s 6d; 16 from Messrs George and R. Hull, Otaua, £15 ISs; a truck from Mr. &*. Eyre. ! Pukekawa, £16 16s Id; 9 from Mr. E. M. Reid. Otaua, £16 13s 4d; 14 from Mr. J. D. Crawford, Otaua. £16 2s 6d. The sheep-pens ware well filled with a nice class of mutton. There was a firm demand and values were unchanged. Extra heavy prime wethers £1 17s 9d to £2, heavy prime £1 15s to £1 18s, medium to heavy £1 12s to £1 14s 6d, light and unfinished £1 7s to £1 lis 6d; extra prime heavy ewes £1 16s to £2 Is, good ewes £1 12s to £1 14s, others £1 4s to £1 lis; best hoggets £1 8s to £1 lis. lighter £1 3s to £1 7s. others 19s to £1 2s. Several pens of prime heavy shorn wethers made from £1 4s to £1 9s 9d. shorn ewes £1 Is , to £1 4s. A few spring lambs made 19s. —(1610 Sheep sold.) Fat and young calve 3 came forward in I large numbers, and sold freely at improved prices. Runners, £5 5s to £8 15s; heavy suckers, £4 to £4 15s; medium suckers, £3 to £3 15s; ligHer. £2 5s to £2 17s; light, £1 16s to £2 2s; small and fresh-dropped, 3s to £1 125.—(149 sold.) Pigs were penned short of requirements, and. in consequence, prices were considerably firmer. Heavy choppers £4 15s to £5 7s, rougher quality choppers £2 12s to £4; heavy baeoners £4 6s to £4 15s. medium baconers £3 12s to £4, light baconers £3 5s to £3 12s; heavy porkers £2 18s to £3 2s, medium porkers £2 5s to £2 15s, light porkers £1 16s to £2 2s, small and unfinished £1 10s to £1 15s; slips, £1 6s to £1 12s: weaners, 16s to £1 2s; suckers. 10s fo 16s.— sold.)

Messrs. Dalgety and Company. Ltd., report having held their usual fat stock sale at Westfield yesterday, as follows: —

Beef: Average yarding. Prices were slightly lower than last week. Choice lens of extra prime ox sold at up to £2 5s per 1001b; ordinary prime, from £2 2s to £2 4a Prjr 1001b; cow and heifer beef sold from 36s to £2 2s per 1001b. according to quality. Veal: Large yarding, which sold at lower rates. Heavy runners made up to £6 2s; ordinary. £3 os to £4 7s 6d; choice suckers, 28s to 41s; others. 3s to 25sMutton : Average yarding. Prices were on a par with last week's rates. Extra heavy woolly wethers made up to 40s; ordinary woolly wethers, 32s to 365; unfinished, 28s to 31s; heavy shorn made up to 29s 9d; shorn ewes. 25s 6d. Lamb: Small yarding- Woolly hoggets made up to 25s 6d; others, 23s to 245. Pork: Moderate yarding. Prices were equal to last week's rates. Heavy choppers made up to £4 15s; baconers, £2 18s to £3 17s; porkers, 32s to 495; stores, 15s to 265.

JOHNSOSTVILLE. [BY TELEGRAPH. — ASSOCIATION.] Wellington, Wednesday. At the Johnsonville fat stock sale to-day there were good entries of bullocks and sheep. The former sold readily, but sheep were harder to quit, butchers' ideas of values being below the prices ruling, recently. Quotations were as follows: —Prime heavy DuJ locks, £17 to £17 17a 6d; prime bullocks. £15 10s to £16 ss; lighter bullocks, £14.15s to £15; prime heavy wethers, 37s to 38s: prime wethers, 35s to 86s; prime heavy ewes, 34s 6d to 35s 8d; prime ewes, 33s 8d to 345; prime spring lambs, 16s 6d to 17s.

ADDINGTON. IBT TELEGRAPH.PRESS ASSOCIATION.] Christchttrch, Wednesday. At the Addington five stock market there was a rather large entry of fat stock and a good attendance. Prime fat cattle „were firmer, and the fat sheep market opened well, but eased off somewhat. A few new season fat lambs brought good prices- Store sheep sold irregularly, but prices showed little change on the whole. Quotations: — Store Sheep: Ewe hoggets. 15s 9d to 20s; wether hoggets, 14s 3d to 17s 7d; mixed sex hoggets, 6s 6d to 8s 7d; two and four-tooth ewes, to 235; four-tooth wethers, 16s 2d to 17s 4d: forward four-tooth wethers, 21s 2d to 22s 6d; aged ewes and lambs. 5s lid to 8s 7d; sound-mouthed ewes and lambs, 21a 6d to 24s 6d; prime wethers, 27s to 37a 3d; others, 19s lOd to 26s 6d; Merino wethers, 14s 9d to 26s 9d; prime ewes, 25s to 32s 3d; medium. 19s to 24s 6d; light and inferior, 158 to 18s 6d; hoggets, 14s 6d to 26s 9d. Fat Cattle: Extra prune steers, to £25 15s; ordinary steers, £7 2s 6d to £12; extra prime heifers 17s 3d; ordinary heifers, £6 5s to £8. extra prime cows, to £17 ;os, ordinary cews £6 to £8 10s; price of beef per lOOlb, 33s to 525. extra to 545. Store cattle, 15 to 18-months sorts, 35s to 555; 2-year steers. £3 17s 6d; 2J-year steers and heifers, £4 lis; dry cows, £2 to £4 10s; dairy cows, £3 to £9 10s. Pigs: Choppers. 50s to 120s; extra heavy baconers. 80s; heavy baconei:3, 70s to 765; light baconers, 55s to 67s 6d (price per lb, 6id to 6id); heavy porkers. 24s to 48s: light norkers, 36s to 42s (price per lb.6!d to 6!d); large stores, 30s to 355; medium, 27s 6d to 28s; smaller, 12s to 18s; weaners, 8s 6d to 17s.

MARKET REPORTS. The New Zealand Loan and Mercantile Agency Company, Ltd., report:—We submitted and sold large catalogues of hides, skins, and tallow on Tuesday. Hides: Market firm- We Quote:— stout ox, 9}d to l(Hd: stout do. 9Jd to Did: medium do. 8»d to 9d : light do, Bd to fid; cows, best lines, to 9id; good. Bid to Bid; inferior. 7Jd to 8d; stags, 6d to 6id: calfskins, best, to lOd; good. 84d to 9jd: cut and damaged, od to 6}d : kips. 8d to Bfd. Sheepskins: In sympathy with the wool market, all classes of skins were lower. Best butchers' skins, picked, to 13s 6d; good lines. 10s 6d to 12s 6d: medium, 6s 6d to 88 6d: small. 4s to 5s 3d; country dry and woolly skins, best lines. 8d to 84 d per lb: good, 6d to 7ld per lb; damaged. 2Ja to 5d per lb. • _ . , . Tallow: Market firm. Best mixed, to 265: good 23s 6d to 24s 6d; inferior, 18s 6d to 21s 6d: rough fat. lid to lid per lb. Bones. £5. Cowtails. Is 4d per dozen. Horsehair. Is 3d to Is Bd. Wool: In bags and dumps. Market lower. Best crutchings. 10id to Hid; good, 9id to lOd: seedy. sid to 7d: bright crossbred, 10id to 12d : coar-'e crossbred. 9id to lOd ; locks and pieces, 3Jd to Bd.

Messrs. Dalgety and Company. Ltd.. report having held their usual weekly sale of hides, skins, tallow, etc., on Tuesday, as under: — Hides : Market firm; prices are good. Butchers' hides, well flayed and conditioned, ox, stout, to lOd; medium. 9d to 91d: light, Bid to 9d : cow, well flayed and conditioned, to 9id: wet conditioned, 8d to B}d; dirty, scored, or sloppy hides at lower rates: damaged and cut. 6d to 7}d: stags, 4id to 6d; kips. 7}d to 9d; calf, best lines, to 95dj good, 8d to 9d; cut, damaged, and meaty. 5d to 6d. Sheepskins: Market declined from the recent .advance, but competition was good. Dry. woolly skins to 14s: medium, 5s 6d to 9s; small. 3s 6d to 4s 6d: dry pelts, Is to 2s. according to length of wool : skins with weevil-eaten and weather-stained pelts at lower rates: butchers' salted skins, best, 8s to 14s: late shorn and email. 4s 6d to 7s; lambs' pelts, 2s 3d to 3s 6d. Tallow: Market firm at late Tates. Best, in shipment casks. 26s 6d: in 4cwt casks, good. 23s to 25s 6d; seconds, 18s to 21s; tins. 20s to 22s 6d, according to quality. Cowtails Is 4d per dozen. Horsehair: Tail. Is 3d to Is lid; mixed. Is to Is sd; mane, 7d to lOd. Bones: Good dry. £5 per ton. Wool Competition good. We quote: — Bright crossbred, 12d to 14d; cotted and dingy. 8d to lOJd: locks, 6d to 7d; crutchings, bright and clean, lid to 114 d: medium 9id to 10W: daggy. 7id to Bid; lambs' bright. Hid to 13d; seedy, 64d to 94d: pieces. 6d to 9d.

Messrs. Alfred Buck!and and Sons report having held their weekly sale of hides, skins, wool. etc.. at the Haymarket on Tuesday, when exceptionally large catalogues of all lines were offered. We quote: —Light ox, butchers' and freezers. 9Jd to 9}d ; medium ox, 9W to 9}d: stout ox. lOd to 10£ d; cow. best lines. 9d to 9!d: good conditioned lots. Btd to Bid; damaged and sloppy, 4sd to 6id: poor quality country steer and cow hides. 8d to B*d ; stags. 6d to 6id: bad shape and meaty hides. 6id to 7}d; horsehides. 8a to 12s. according to size ; kips. 8d to B}d • yearlings, BJd to 9d; calfskins, best 61b weights, to lOd; good sound lines. 9d to 91d: meaty, 7d to 8d; cut. 6d to 7d; damaged, torn, and hard dried, 3d to 5d per lb. Sheepskins: Market taken a sudden drop in prices, but nevertheless firm. Butcherspicked skins, to 12s 9d: large, lis 9d to 12s 7d: medium, 9s 6d to 10s 3d small, 7s to 8s sd: dry, woolly skins, in good condition, are celling to a firm market: spring lambskins, 2s 6d to 3s : fresh shorn green and cotted pelts. Is 6d to Is 9d.

Wool: Market slightly easier. Crossbred, in bales. Hid to ]3Jd: crutchings, lOd to lid for good medium • quality : stained earthy, and locky, 9d to 9id: dead wool] clean and sound staple. 9id to lid; rou"h and tender. 8d to 9d; locks and pieces. sld to Sid: bellies and pieces, 7d to Bd. Tallow: In shipment casks. 25b to 26s 6d per cwt: in barrels, 23s to 24s 6d; hard, clean tallow, in tins or barrels, 27s to 28s. Bones, 5s per cwt. Horsehair: Tail, is 7d to 1* 8d: mixed, la 3d to Is 6d.