COMMERCIAL.

New Zealand Herald, Volume LXI, Issue 18667, 25 March 1924, Page 5

COMMERCIAL.

AUSTRALIAN LAMB.

NO EXPORT LA,ST FORTNIGHT

[BY TELEGRAPH.— ASSOCIATION. WELLINGTON. Monday. The New Zealand Meat Producers' Board has received a cablegram from its Melbourne representative advising that nt> lamb was" exported from Australia during the fortnight ended March 21.

RUSSIAN IRON DEPOSITS. The anomalous behaviour of the m&jmetio needle in the district of Koursk. in Russia., was ascertained as early at 1872, by Messrs. Smirnoff and PaJtchiioff. and formed for many years the object of systematic researches by the late Mr. Leist. professor at Moscow University, who expressed the opinion that the anomaly was due to the presence of important iron deposits, existing tor,! Z £ ncs stl ® d lho north and south nnntm' f u- s*ked5 * ked out »■ many as 4500 spots at which the magnetic needle was deflected. The Soviet Government took up the matter recently, and not having; succeeded in coming to an agreement with the of ft« rvlf T or Leiat for the ®«chase of the plans drawn up by the latter, decided m 1910 to start fresh researches: these it u announced, have been success- . Drilling: at the site was commenced at the close of 1921. and in A aril.' 1923. diamond drills had to be resorted to owing to the (treat hardness of the formation. At the present time the shafts have reached a depth of 755 ft. The survey at 10.000 places of the north zone shows this to cover a length of 170 miles and a width of roughly one mile. Other researches have confirmed the evidence of the magneto-metrical investigations. The deposit has been found to consist partly of magnetite and partly of red hematite, the iron content in which is about 40 per cent, in the upper layers at a depth of about 560 ft. from the ground level. The iron content increases with the depth. A French technical journal lays stress upon the great importance of this new iron ore deposit, which in close to Koursk, on the Moscow-Kharkoff and EieffVoronege railways. Near the ore deposit are a number of peat beds and two coal basins. Those of Moscow and Donetz. are not far distant.

MANTAWATU STOCK SALES. Dalgety and Company, Limited. Palmer--11 North, report that at the Fciilding sale on Thursday there was an exceptionally large yarding of sheop &nd a moderate entry of cattle, practically all of which clunked hands. Quotations Small lambs. 9b. 10s 6d, to 12s 8d; medium W.F. lambs, 14a 3d; fair W.B. lambß. 17s: rape lambs. 17s 6d to 19s lOd: M.A. ewes. 12s Bd. 16s 7d to 17s: four and five-year ewes. 20s. 21s. 225, 22s 4d, to 24b; two-tooth ewes, 29s to 31s; two-tooth wethers, 26s sd; fat lambs. 21s 7d, 22s 4d, to 27s 7d; fat two-tooths, 26a. 268 9d, 28a, to !JBs 6d; fat owes, 20s Bd, 21s, 228, 22s 9d; mixed fat sheep. 26s lOd to 28s 3d: two-tooth S.D. rams. 6 to 7iems.: two-year emp. station-bred heifers. £2 16s: three-year steers. £4 ss. £4 15s. to £5 list four-year bullocks. £5 17s 6d: rough threeyear steers, £3 7i» 6d: 15-months' F.A. steers, ±'3.123: light fat bullocks. £7 to £7 78 6d: light fat cows, to £4 10s.

STOCK SALE AT TE KTJITI. Dalgetv and Company. Limited, repeal baring held their usual stock sale at To Kuiti There was a heavy yardintt of all classes of sheep, which met with keen competition at late rate®. Cattle were Denned in small number*, beef meeting with keen competition at advance on late rates. Store cattle sold at late rates. Fat lambs, shorn, made 21s to 22s 6d : five-vear ewes. 19s 6d: shorn R. lambs. Mi?., 17s: medium sorts. 19* 9d. 1*«. to 16s 7d; cull lambs, 5s 6d to lis; one-shear R. rams, ljgne., ftgns., SJrus., 42113., and 4igns.; lijfht 'at ballocics, £7 6s to £7 12s: fat 'cows. £4 2s to £5 6s: threeyear steers, inferior sorts. £3; two-year steers, inferior sorts, £1 10s.