THE STUD SALES IN TASMANIA.

Otago Daily Times, Issue 7927, 19 July 1887, Page 2

THE STUD SALES IN TASMANIA.

The thirteenth annual sale of Tasroanian and. other stud sheep was concluded on the Bth inst in the presence of a large attendance of pastoralists and other sheep breeders. The demand for first-class sheep, which was mado apparent when the sale opened, v/as retained till the last lot in tho catalogue was offeree!. Prices all round were better than last year's salsa, and competition for rams of superior pedigree was remarkably keen. Qucenslander 111, bred by Mr Kermode, of Tasmania—a am that was withdrawn from sale on the sth—was again offered on the 7th, and was bought by Mr B. Martin for 200gs. The prices paid for flock rams were above the average. The results of the sale are quite up to anticipations and encouraging to the Tasmanian breeders, M(ho have now firmly established these yearly sheep sales. The three days' sales realised £20,647.

The directors of the: Equitable Investment Company of New Zealand have declared a dividend at tho rate of 7 per cunt, per annum for tho half-year ending 30th Jane. - The total value of exports from New Zealand (says tho New Zealand Trade Review) during the second quarter of 1887 is £1,283,789, as against £1,209,835 for the corresponding period of 1886. This brings up the total for a twelvementh ending with the quarter to £6,937,003, as against £1,580,849 for tho preceding year. It

will be seen that the total value ol' imports for the twelvemonth ended on the 30th June is less than the total oC exports by nearly f (.00,000. This in the circumstances of the colony wo take to be a healthy sign, ami an indication of a proee « of bringing our expenditure within our niua.is The rot urns are not SHilieiemJy auVutoci! lo ?n.".b10 us to publish with Lbis hshb our usual" details of value of exports, but we nv'viieutioo thU ttio improvetl total lor the t-v1 •I'nioiit]'. is Almost entirely accounted lor b'v"v.-001. in which the enhanced value ami ;nc.-c?-,oii proilurtiou resailt iv l.hu growth ot the years value S.y over .C7'XV..HXI. With two or three exceptions the other items of New /oaInnd produce figims for * decline .n rota vahja. ] Tlw saino paper, rcferrine '•» tU« WoUnghm money in:ivkut, says:—ln our local market then, is continued ~vu!.;iu-e of an increased supply o money available Co?advance on mortgage, ot real Sta^an.l wo believe that F" very ««Uta security large sums could be obuuned at 0^ per cent. Wo do not, however, hear of mn«h bus>neu being don«. Oue dilttr-iilty i» the way is the reduced valuations of properties »?«<»«- ---pared with those of v few years back, whici prevent the same amount bciug now obtttiunble m cases of old mortgages uxmring Medium ami small sums are still charged v to 3 per cent.