COMMERCE, MINING AND THE RURAL WORLD.

New Zealand Times, Volume XXXVI, Issue 8179, 22 July 1912, Page 8

COMMERCE, MINING AND THE RURAL WORLD.

MINING QUOTATIONS.

PRESS ASSOCIATION. AUCKLAND, July 20, Said !U tills morning's call on tlio Slock Exchange; Kcranul Caledonian, la 3d. New Sylvia. 5d Itoss Goldfields, 6s, Ga Id. ’ Vr. li, 1. ”,s, 34s 9(1. [injiy Coal, 3a. Cnl.iii .Steamship, 46a 3d.

COLD DREDGING RETURNS

PRESS ASSOCIATION. DUNEDIN. July 20. Additional cold dredging returns: Mi.lItaka United No. I„ 13nz Idwt, for 124 jiomvi; Kiso and Sill no, 30oz lOdwt,-for 1,5 hoard; Rising Sun. 70oz 2dwt, for cizlit .days; Worksop, 930 z 3dwt. for 127 hours; New Trafalgar. Uoz Bdwt. tor 107 hours. Worksop dredge returns for the week: -)3oz Bdwt for 128 hours.

CONSOLIDATED GOLDFIELDS,

PRESS ASSOCIATION. REEfTON, July 10. The Consolidated group of companies, to whom the Warden, on the 11th inst. granted protection (subject to an appeal to the Arbitration Court within fourteen days) have lodged notice of appeal to the Supremo Court for a rehearing, on tho ground that tho Warden had no jurisdiction to impose conditions. Tho Supreme Court will not sit at Greymouth till September. and tho matter will most probably bo hung up till then E. W. B. Ilornabrook. 153, Featherston street, Wellington, member Stock Exchange. Specialising in Mining Scrip. Trustworthy Correspondence from all Mining Centres. Telegraphic address: •■ilornabrook. Welllington. *

THE WOOL SALES.

By Telegraph—Pre»s Association—Copyright LONDON, July 19. At the -wool sales there was a good selection of Victorian and Queensland wool. Prices were firm at recent rates. Levin and Co., Ltd., are advised by tt\ir London agents that the following clips have been sold at the sales now current, on ■their account, the prices being the average tealised for the fleece wool in each instance: "DO. Glendhu,’’ East Coast. 9Jd: "EG over N." Nelson. 9d; “Tekatnru," Makara, 10 13-16 d; "Mount View," Wanganui, 9 13-16 d; “Dunsinane," Marton, lOd.

THE LONDON MARKETS,

gy Telegraph—Press Association—Copyright (Received July 21, 5.5 p.m.) LONDON, July 20. NEW ZEALAND HEMP. On an active market, Now Zealand hemp, July-Soptember shipment, has reached a high point at £24 6s per ton, n rise of 40a an tho week.

JTJTE. Market firm. August shipment, 15s up At £22 per ton.

COTTON. The Liverpool quotation for American middling Upland cotton. July-August shipment is 17 points higher at 6.98 id per lb.

BUBBLE.

Fine hard Para rubber is id higher at 4a IOJd per lb.

COPRA

Supplies are large, and the market Irregular. Little business is doing in bagged South Sea copra afloat, at £24 2s 6d per ton, an advance of 2s 6d. HIDES AND LEATHER.

Sales of hides are insignificant. Leather, first quality aides (Wellington) 12}d per lb. seconds 12id. Basils have advanced Id to Jd: first Wellingtons 163 d. KAURI GUM.

At the kauri gum sales 260 cases were offered and 180 sold. There vroa fair demand at full rates. PRICE OP SILVER.

Bar silver ia quoted at 27 13-16 d per ounce Standard.

The New Zealand Loan and Mercantile Agency Co., Ltd., is advised from London; ■'Frozen Meat.—The market ia steady for mutton, weaker for lamb, and the inquiry /or beet Is limited."

CONSOLS STILL LO WER.

LONDON, July 19. Console are quoted to-day at £74 2s 6d or 12s 6d lower than yesterday.

SOUTHERN PRODUCE MARKETS,

rasas association. OAMABU, July 21. Business in the wheat market has again been dull Millers have a sufficiency of supplies and are not anxious to buy. Wliilo growers are not disposed to sell at the reduced values, believing that the drop will not be permanent.’ The present general quotation la 3a 6d net to farmers at esountrv stations, and what sales have been made have been on tide basis.

Oats have also weakened. "A" grade Gartens have sold at ie lid, Ises commission. and "B” Gortons have been disposed of in small lines at Is 10d and le IOJa net at country stations. Although potatoes have come hack a little In Sydney they have shown an advance hero. At the beginning of the week sales were made ot £4 net at country stations, and 'he week closed with prices at £S as and up to £5 10s Bayers are now, however, holding off as tho margin is not sufficient for shipment to Sydney. Tho shipments by the Walhora to Sydney from this port have turned out all right and there are further inquiries for shipments at the end of the month by the Waitemata. but stocks have already been secured for 'his vessel.

WOOL SALES

At tho annual meeting of the Now Zealand Woo'brbkers’ Association a number of now regulations in connection v.ilh wool sales wore approved, including proflslon for delivery of wool to a buyer onlv on payment. The rights of a buyer (as new owner) will not commence until the wool has been paid for, and the sellers’ insurance policy will then lapse.' On the question' of false packing the regulations provide: Where false packing is discovered prior to sale such lot or lite shall be withdrawn. If, after arbitration, a lot is declared falsely or unsatisfactorily packed, brokers shall penalise the vendor by debiting him with all chargee incurred In connection with the case, and if it is thought advisable to prosecute the vendor the broker shall also give all available Information and assistance to the buyer to help him to do so. Any wool rejected cr withdrawn for false or unsatisfactory packing shall not be again offered for sale < r catalogued until It has been repacked or some reputable packer, whose name shall bo given in the catalogue, or supplied to tho tuver in case of a private sale. Name and address of owner of any wool rejected for so-called false packing shall be implied to the secretary of the New Zealand Woolbuyers’ Association, on written applitation for same.

LIVE STOCK SALES.

AUCTIONEERS’ REPORTS.

N.Z. f.oan and Mercantile Agency Co.

,At Apiti on Tuesday wo had only a small yarding of both sheep and cattle. 'Chore was a keen demand for all lines, and a good sale resulted. Wo Quote: F.m owes in lamb to B.F. rams lit 3d to 14s

3d, 4-year ewes, in lamb 16s Id, mixed .'■oolly hogcots 14s 3d. 2-tooth wethers 15s lid. dairy rows £7 10s to £3 ss. 2-yca.r heifers in calf £4 Ks. Si-rear steers (poor) £4 2s fid. forward cows £3 153. t On Monday we held a clearing sale on account of Mr Wildbore, at Kangiwalna. There was a good attendance, and all lines sold well. Bairj' cows made £7 to £9. year hei:ers in calf £4 Ids, yearling hcitera £2 Bs, store pigs 19s. wether hoggets 13s 4d, mixed hoggets 13s 9d, 2-toolh. ewes, small 15s 4d, dray £lO. hack £7. At Fcilding on Friday we had a very good entry of sheep and cattle. In prices sheep were rather in advance of last weeks rmes, and we disposed of about every pen entered. Cull ewes os 6d, cull empty owes 5s lOd, mixed hoggets 12s 2(1, owe Roggots 13s lid, wether lambs los, fat and forward wethers 17h fid, store wethers 13s, forward empty owes Us Id, ewes in lamb 17s to 17s 2d, owes in lamb to Wornnoy rams 14s 4d, flock ewes in lamb 29s t>\, fat wethers 27d. flock cwo lambs 21s, ram lambs to 22s fid, old rains 5s tn il. Caul©: Light fat cows £5 10s, springing cows £5 12s 6d, store cows £Z 15s. £3 ICs fid. cull cowa 30s to £2 15s. empty cows to £2 19s. „ „ At Levin on Friday wo offered a -Small yarding of cattlo. Tho attendance was good, and the whole of our entry changed hands by atiction at satisfactory prices. Wo sold yearling steers to £3 3s, yearling hoifers to £3 ss. empty store cows £3 2s to £4, weanor heifers to 365. Abraham and Williams, Ltd.

At Levin on Friday an entry of 2CCO sheep met with spirited competition, and all lines changed hands. All lots of fata were eagerly sought, after, wethers making up to 21s 9d and ewes up to 16s 9(1. A lino of 950 4 and 5-year owes in lamb offered on account of Mr G. Potts, made 16s ICd and 16s lid. A fair yarding of cattle also came forward, and all lines sold readily at the following quotations: Fat bullocks £8 11s 6d. fat cows £5 5s to £7, forward cows £4 5s fid to £4 19s fid. store cows £2 to £2 16s, springing heifers £4 15s to £5, yearling heifers £2 Bs, weaners 15s to 20s, fat wethers 18s 7d to 21a 9d. forward wethers 17s 5d to 18s, fat ewes 15s 2d to 16s 9d, forward ewes 13s *2d, ewes in lamb 12s fid to 18s, store ewes 7s. hoggets 9s 4d to 13s 4d, aged rams 8s to 15s. At Waikanae on Friday owing to the very rough weather only small entries of sheep and cattlo came forward. Most of tho yard ings changed hands at tho following quotations: Forward wethers 16s 4d, light fat wethers 17s sd. springing heifers £5 12s fid to £6 la. springing cows £5 to £6 2a fid. store cows £2 11s to £3 Is, bulls 25s to £3 17s fid. Dalgety and Co.,Ltd. At Eketahuna wo had a fair yarding of sheep and small entry of cattle, and a good attendance of buyers. Sheep throughout sold well. Good ewes in lamb 14s 9d to 20s lOd, inferior ewes 8s 7d to lls 4d hoggets 10s fid to ILs fid, cows in calf £5 lls to £4 7s fid. At Levin on Friday onr shoop entry consisted principally of mixed hoggets, which opened with a dragging sale, and a number of lines were passed under the hammer, but we quitted tho majority privately after the sale. The cattlo entry was a large one, and we penned a good number of springing heifers and fat cattlo, which sold well up to late rates. A pen of verr prim© fat cows werro sold on account of Mr John Kebbell off his Ohau run. and, after keen competition, were secured by Messrs Bulliman Bros., of Levin, for £3 ss. We quote: Mixed shorn hoggets to 11a 9d, woolly hoggets (small)' to 12g fid fat cows £4 10s to £8 ss. fat heifers £3 15s to £4 10s, springing heifera £5 lls to £6 10s, springing cows £4 10s to £5 6a, store Cows to £2 10s, 3-year steers £4 5s to £5 js. cows and calves (poor) to £2 12a, heifers r.w.b. to £3 2a fid. forward empty cows £3 15s. bulls to £3 2s fid. At Fcilding on Friday we had a ver* fair yarding of stock, which sold as below: Sinai l ewe lambs lls lid, fair mixed lambs 12s to 12s fid. good ewe lambs to 14s. cull empty ewes 5s 4d, forward ewes to lls fid. light fat owes to 16a 3d. mixed age ewes in lamb to 13a Bd, 4 and 6-tooth and f.f.m. ewes in lamb to 17a 3d, bulls 27a, light fat cows to £5 10a, backward dairy heifers J 4 17s to £5 sa, fair dairy heifers £5 15a to £6 36.

PALMERSTON WOOL. SKIN, AND HIDE SALES.

Abraham and ‘Williams, Ltd., report: Wc held our monthly salo at Palmerston on Friday, and submitted a good catalogii© to a fair, attendance of buyers. Bidding for wool and skins was brisk, and we have to report a total clearance of the lota at prices well up to late rates. For hides and sundries buyers were slow, yet w$ -were able to clear the bulk of our offerings under the hammer. Tho few passed in lots were all sold after the sale. Wool: Our entry comprised chiefly crutchings of medium quality, which sold at 33d to 63d; crossbreds, 7d tO/7|d; crossbred black and pieces, sd; dead, 73d; lambs, 73d. Skins: We offered some very nice lines of butchers* stuns, and they sold as follow—Crossbred medium. 2s 6d to 3s ltd to 4s 4d to 63d; dead, 53d; hoggets, 53d; lambs, 43d to 7§d? black, 6d; calfskins, 7gd per lb to lOd; calf, cut, 6id; 3 r earlings, 7id to 7d; yearlings, cut. 63d. Hides: Ox, 63d to 7gd: cows, medium, 6d to 63d: light. 63d; cows, slipny, 4d; cut, sd; heifers and steers 63d to 63d; stags, 51d. Horse: Bst'9d. Tallow; In casks, £26 per ton; in tins. £23 10s per ton; drums. £23 10a per ton. Fat: Tins and bags, 16s 6d per cwt. Horse hair. Is 7id to Is BJd. Cow tails. Is 6d; cow tails, washed, Is 8d per dozen. Dalgety and Co., Ltd., report: At our monthly sale on Friday, the second of our series of special crutching sales wo offered a largo catalogue comprising about 130 bales wool, as well as an extra large catalogue of. sheepskins, hides, tallow, etc. Thero wits a largo attendance of buyers, and competition ruled keen for all classes at an advance on previous rates, especially in crutchings and sheepskins. Wool (crutchings)—Best clean well-picked lines 63d to 6Jd, medium to good 53d to 6d. other lota 5d to seedy and inferior 43d to sd. Crossbred fleece 7d to 7Jd. lambs 7id to 73d, dead 7d to 7£d, locks and pieces from 4d to 4Jd. pieces 53d to 53d. black 63d. Sheepskins—Coarse crossbred 63d to 7d to 73d. medium 7Ad to 73d, fine 7Jd to 73d, short wool 6|d to 63d, woolly lambs 73d to 73d, short and shorn 6Jd to 7d. dead hoggets 53d to 6d. dead skins 6d. inferior 43d to 5Jd. joelta 35d to sd. inferior and badly damaged 33d to 4d. Butchers' green and salted skins— Extra heavy 7s 3d to 9s Id each, best heavy crossbred 6s. 6s 4d. 6s 6d to 6s Bd. medium 6s 6d, 5s 9d to 6s. light from 4s 6d to 6s 4d. lambs 3s 6d, 3s lid to 5s Id. Hides—Ox medium to heavy from 73d to 73d. light 7d. cows best heavy lots 63d, medium 6Jd to o3d, wet sloppv and inferior farmers' to 6d. cut and slippy from 5d to 53d. bulls 63d. yearlings 7d to Bd, horse hides from 6s to 9s each. Calfskins—Best lots 103 d, medium to good 9d to 93d, cut and inferior from 6d to Bsd» Sundries—Tallow in tins 24s cwt, rough fat 16s cwt barrels and drums to 20s cwt. horsehair Is 7d to Is 9Jd. WELLINGTON CUSTOMS.

The Customs revenue and beer duty collected at Wellington last week totalled respectively £9037 Is lid and £242 6s. Saturday’s Customs return amounted to £613 12s lid.

FEILDING A. AND P. ASSOCIATION

m on ora own coeßSspondent. FEILDING, July 20. The monthly meeting of the Feilding A. and P. Association was held last night. It was decided that the allocations for next show b© jESOO—.£SO in advance of last year. It was suggested that the charges for green feed for stock be reduced from 6d to 3d. Mr Elliott (manager for Abraham and Williams) offered the us© of an aero of land near the show ground for tho production of green feed, and the president undertook to have the paddock ploughed up and sown in ry© and clover. Mr J. Knight also offered an acre of lucerne. —Both offers were accepted with thanks. It was decided that the ground committee make adequate provision for night paddock accommodation of show stock.

The ram fair committee report was received, and tho president said that satisfactory arrangements had been mad© for tho holding of the West Coast Ham Fair alternately at Feilding and Pal-

merston. Tho Manawatu A. and P. had decided to held the fair in tbcdr year, on the day following the Feilding Show, so that this was as good to Fcilding as holding the fair at Fcilding. Mr T. Mackenzie, of Mastcrton, presented a five-guinea cup for competition in the heavyweight lamb class. Donations were also received from W. E. Raker £2 2s, D. Kilgour and 11. L. Carr £1 Is each, and Jae. Nathan and Co. (Palmerston) A 3 3s.

DAiNaNEYIRKB A. AND P. SOCIETY

SPECIAL TO THE "TIMES.’ DANNEVIKKE. July 20,

Tho annual meeting of "ho Dannevirke A. and P. Society was hold this atternoon.

Tho report and balance sheet disclosed a satisfactory condition of finances ns far as tho year’s operations are concerned. The society during tho year purchased a site for a new show ground, and issued debentures to the amount of .£2OOO. Of this amount about .£I3OO has been promised and about .£9OO paid-up. A long discussion took place regarding tho advisability of holding a two-days’ show in February in lieu of the one-day fixture as hitherto. Ultimately an amendment was carried that, providing sufficien t debentures be subscribed (,£1800; before September 30th to warrant the society proceeding with the erection of a grandstand so a.s to be completed before date of the show, a two-days’ show be hold.

The incoming committee is to take steps to enable this being done, a proposal to put a canvasser on not finding favour.

A .ROYAL SHOW

IMPORTANT PROPOSAL,

DISCUSSED BY FEILDING A. AND P, ASSOCIATION.

FROM OUR OWN CORRESPONDENT FEILDING. July 20. The advisability of holding a Royal agricultural show was discussed by the Feilding A. and P. Association last night. A letter had been received from Mr Edwin Hall, secretary of the New Zealand Agricultural Conference, as follows: "During the |last Agricultural Conference in Wellington a special committee was set up to consider and report on the advisability of organising a National Agricultural Society for the Dominion of Now Zealand, and circulars were accordingly sent out to all the A. and P. associations, asking their views in reference to the matter. Several of tho societies approved of the proposal, but it was not unanimously accepted, one or two important associations having expressed the opinion that it would be inadvisable to form a Royal agricultural society at tho present time on account of the geographical configuration of tho Dominion. A letter was also received from the Hawke's Bay A. and P. Association, intimating that while their committee did not support tho proposal they thought that steps should be taken to promote a union of all the agricultural societies, and that tho next Wellington Conference should be asked to frame a constitution."

Tho president (Mr Ernest Short) said the time had arrived when there should bo a meeting place for all the champions of agricultural shows in the Dominion, and ho strongly advocated everything possible being dene to advance the proposition. Mr F. Lethbridge considered that there was a good deal in the suggestion made by the Hawke’s Bay Association, and it was quite possible that the suggested Union might be the forerunner of a Royal society.

Mr Hector Booth said that what the A. and associations wanted was a governing body. Conferences were held and decisions arrived at. hut there was no proper head authority. Mr Hugh Burrell said tho question was too big to be discussed that ovening. On his suggestion it was resolved that a subcommittee, consisting of the president and Messrs Booth, Knight, Campbell. Lethbridge, and the mover, be appointed to consider the matter and report.

MASTERTON A. AND P. ASSOCIATION.

The annual report of tho Masterton Agricultural and Pastoral Association, which is to be presented to the annual meeting of members on July 27th, states that after writing £4Ol 2s 8d off improvements and £33 ta 3d off plant, tho position of the association has improved by £665 during tho past year. A vigorous membership campaign was conducted during the year and tho number of members now stands at 1121, ■an increase, after making .allowances for deaths and resignations, of 268.. At tho annual meeting it is proposed to make Messrs J. D. Cruickshank (Wellington), Ernest Short (Feilding), and John Smith (Masterton), honorary life members of the association. The sum of £525 had been spent on improvements during tho year. Mr T. P. Lett, of Taueru, who had been an active member for years, did not seek re-election owing to ill-health, while Mr Rupert Morrison, of Blairlogie, who is in England, also retired from the general committee.

LAMBS AN D TEGS

SOME VALUABLE SUGGESTIONS FOB EXPORTERS.

TROU OVB, OWN COBEESPONDENT FEILDING, July 20

- At the Feilding A. and P. Association the following important letter from. Henry S. Filter and Sons, London, in connection with the export of iambs for the Home market, was read:—

“In | sending over lambs to bo judged here as to those most suitable for the London market, we should like to remind shippers that the difference between lambs and tegs in the frozen meat trade is decided by the weight more than by tho ago of the animal: consequently lambs over 441 b are called tegs, ns they are too large to sell as ordinary lambs. There is always a good demand for tegs from 441 b to 501 b from February to tho end of July (during the London season). but there is very little demand for them after that for the remainder of the year. The most essential points to aim at are: (1) Well covered short legs. (2) plenty of meat, (3) must not be fat and wasteful. A very fat teg is very hard to sell. In the case of lambs the' great thing is to breed a lamb that matures well at a small weight. Tho greatest demand is generally (and especially at tho end of the season) for lambs of about 321 b: heavier lambs, say 381 b, sell better earlier in tho year.”

A GOOD YEAR

FARMERS’ CO-OPERATIVE MEAT COMPANY.

•PECIAL TO THE "TIMES.” MASTEETON, July 21

Tho annual report of the Wellington Farmers’ Co-operative Meat Company, issued on Saturday afternoon, states:— The total amount of stock slaughtered for the year is considerably in excess of the figures for tho previous year, tho quantities for each year being as follows :—Year ended June 30th, 1912, 110,671 sheep, 79.137 lambs, 1201 cattle; year ended June 30th, 1911, 69,383 sheep, 46,168 lambs, 757 cattle, the increase being 41.288 sheep. 32.969 lambs, and 144 cattle. High prices were maintained throughout the season for all classes of

products, and tho result of the year’s transactions, after providing for depreciation, is a balance of £3357 19s 7d, which your directors have allocated ns follows: Writing-off last season's loss ■£39.5 3s. writing-off preliminary and establishment expenses £2147 19= 2d, carried to reserve £SOO, balance io carry forward £3ll 17s 5(1; total ,£3357 19s 7d. In view of future extensions, _ and to eliminate the risk of loss through breakdown of machinery, a second refrigerating machine has been ordered and will be installed during tho coming season. During the rush last seaton considerable difficulty was experienced owing to the insufficiency of cold storage, and to prevent a recurrence of this the freezing and storage chambers are to be enlarged. During the year Messrs Clephane, Franklin, and Hodgins resigned from the board, and Messrs Hugh Morrison (Awatoitoi) and Walter Cameron (To Ore Ore) were appointed to fill two of the vacancies until the ordinary general meeting.

.ROMNEY FA IE

Mr E. J. Wackrill, secretary of the New Zealand Romney Marsh Breeders’ Association, has informed the Feilding A. and P. Association that the Romney Association’s second annual ram fair will be held at Feilding next year, and that his association had agreed to donate the North Island Romney Championship Shield for competition at the next Feilding show.

DEATHS AND-CASUALTIES

PRESS ASSOCIATION. CRUSHED BETWEEN TRUCKS, CHRISTCHURCH, July 21. James Curran, 42 years of age, a guard on Saturday evening’s train from Ashburton to Christchurch, met with a rather serious accident whilst shunting trucks at Islington. Asthe trucks were in motion Curran got jammed between two, and sustained considerable injuries to his chest. He was taken to the hospital, and this afternoon his condition was reported to be satisfactory.

INJURED JOCKEY INPROVING. CHRISTCHURCH, July 21. Better, the jockey, who was injured at Biccarton some time ago, was reported to-day to be much brighter. It appears that ho has not regained complete consciousness, and is only conscious at times.

SHOT IN THE THIGH. DUNEDIN, July 21. Harry Hamer, aged 19 years, employed at the Phoenix factory, was received into the hospital yesterday suffering from a bullet wound in the thigh. Hamer and his mate were having revolver practice at the butts and tho latter, understanding that ho had fired his last shot, turned his revolver, the remaining bullet lodging in Hamer’s thigh. The wound is not serious.

COUNTY EMPLOYEE DROWNED

GISBORNE, July 20. Patrick Wallace, a Waiapu county employee, was drowned yesterday while attempting to cross a flooded river at Teararoa. The body has not been recovered. STABLE KEEPER EXPIRES. GORE, July 20. Mr William Trembath, livery stablekeeper, and a resident of Gore, died suddenly this morning from rupture of a blood vessel on the brain. He was 57 years of age. Deceased was father of W. F. Trembath, of athletic fame. BODY IDENTIFIED. GORE, July 20. The body of tho man found dead in the Domain yesterday been identified at that of Hugh Ward, a wellknown miner at Nokomai. A medical examination disclosed severance of the main artery of the left arm, sufficient to cause death.