COMMERCE AND FINANCE

Otago Daily Times, Issue 20310, 19 January 1928, Page 14

COMMERCE AND FINANCE

WEEKLY MARKET REPORTS. Burnside, January 18. Fat Cattle.—About 284 head were farded, comprising a few pens of prime eavy bullocks and a good proportion of medium quality, with a fair number of prime cows and heifers. The quality all round was fairly good. Owing to the large yarding prices from the commencement of the auction were back about £1 a head on last week’s rates, and there was a further noticeable decline towards the end of the sale. Quotations: Prime heavy bullocks, £l6 to £lB 7s, 6d; prime, £l4 to £ls 10s; medium. £ll 10s to £ls; lighter sorts, from £10; extra prime heifers, to £l3 ss; prime, £9 to £11; medium, £8 to £9; best cows, to £ll 10s; medium, £8 to £9 15s.—The Otago Farmers’ Co-operative Association of New Zealand sold: For William Lindsay (Allanton). 1 bullock £ls, 1 £l4; James Kirkland (“Poplar Grove.” Middlemarch), 1 £l3 10s, 5 £lO 12s 6d, 1 heifer £l2 15s, 1 £ll 10s, 1 £lO 15s; W. Blackie (Mosgiel), 1 bullock £l2 ss, 1 heifer £8 Xos; Messrs N. and I. Reid (Outram), 1 £l2, 1 £ll 15s, 1 bullock £lO 6s; J. Renton (Mosgiel), 3 £ll 10s; Robert Wilson (Riverside), 2 £lO 15s, 2 £lO 10s; John Hallum (Waikouaiti), 2 heifers £lO 10s, 2 £7 ss, 1 £9 17s 6d, 1 £9 ss, 1 £8 ss, 1 £7 10s; John Nicholson (One Tree Farm), 1 £lO 17s 6d, 1 £lO ss, 1 £B, 1 £7 2s 6d; a client, 1 £8 12s 6d; J. Gamble (Mosgiel), 1 bullock £9 15s, 1 heifer £7 7s 6d, 1 £6 10s. New Zealand Mercantile Agency Co. sold; For Kain Bros. (Stirling), 2 bullocks £l6 10s, 2 £l4 17s 6d, 2 £l3 15s, 2 heifers £9 12s 6d; a client, 1 bullock £ls 17s 6d, 2 £l4 2s 6d, 1 £l3, 1 heifer £lO, 1 £O. 1 cow £8 10s, 1 £7 15s; Robert Kirk (Mosgiel), 2 bullocks £l4 12s 6d; Walter Blackie (Mosgiel), 2 £l3 I2s 6d; Alexander Scott (Burnside), 2 £l3. The Mortgage and Agency Company of New Zealand sold: For William Lindsay (Allanton), 2 £l3; E. P. Kirk (Mosgiel), 2 £l2 17s 6d; Charles Carnie (Mataura Island), 1 £ll 12s 6d, 1 cow £lO 10s, 1 £lO 7s 6d, 2 £8 12s 6d, 2 £7 15s, 1 £7 7s 6d, 1 £6 10s; a client, 1 £lO, 1 £9 10s, 1 £8 12s 6d 1 fS 10s, 2 £8 ss, 1 £B, 1 £6 12s 6d. Stronach Morris, and Co. sold: For J. S. Fleming and Co. (Titiroa, J. E. Watson and Co., Invercargill, as agents), 3 bullocks £l7, 3 £ls; A. J. Bell (Stirling), 3 £l6 17s 6d, 3 £ls 17s 6d, 2 £ls 2s 6d; G. S. Wilson (GLenomaru), 3 £l6 12s 6d, 2 £ls 15s, 2 £ls 7s 6d; Henderson and Go. (Invercargill, as agents), 2 bullocks £l4 17s 6d, 3 £l3 ss, 3 £l3; W. Lindsay i(Allanton), 1 £l4 I7s 6d, 2 £l3; E. Jensen (Lookout Point), 1 heifer £ll ss, 3 £8 10s, 4 £6 17s 6d; executors late William Kirk (Mosgiel), 2 bullocks-£11; lan Lindsay (Allanton), 1 heifer £8 12s 6d, 1 £8 10s; a client, 6 cows to £9 15s, 2 £B. ■ Wright, Stephenson, and Co. sold: For N. and I. Reid (Outraml, 3 bullocks £lB 7s 6d, 2 £l6 10s, 1 heifer £l3 ss, 1 £l3; R. Lochhead (Balclutha), 2 bullocks £l7 15s, 3 £l7, 1 £l6 17s 6d, 1 £ls 15s; A. W. Douglass (Waikouaiti), 3 £l7 10s, 1 £l7 7s 6d, 2 £ls 2s 6d, 2 £l2 17s 6d; F. A. Price Waikiwi), 3 £l6 ss, 1 £ls 12s 6d, 1 £ls ss, 3 £l4 10s, 4 £l4 7s 6d, 3 £l2 12s 6d 1 £ls 2s 6d; G. Niohol and Sons (Allanton), 2 £ls, 2 £l4, 3 £l2 17s 6d, 3 £ll 7s 6d; W. E. Hunt (Wallacetown), 4 £ls, 2 £l4 7s 6d; 2 £l4 10s; W. Lindsay (Allanton) 1 £l3 15s, 2 £l3 10s; Mrs W. Kirk (Mosgiel), 2 £l3 12s 6d; D. M-‘Fadgen (Pukerau) 1 cow £l3 ss, 1 £lO, 1 £8 17s 6d, 3, £8 7s 6d; W. Blackie' (Mosgiel), 2 bullocks £l3 2s 6d. Donald Reid and Co. sold: For J. S. Fleming and Co. (Titiroa), 1 £l6 10s, 3 £l4 10s, 2 £l3 10s, 2 £l4, 2 £l2 15s; R. James (Motai), 3 £ls ss, 3 £l3 17s 6d 2 £l2 15s; William Lindsay (Allanton) 1 £l4 17s 6d, 1 heifer £9 2s 6d, 1 £8 10s, 1 £l2; executors late William Kirk (Mosgiel), 2 bullocks £l3 10s; J. C. Renton (Mosgiel), 2 £l4; Henderson and Co. (Invercargill, account J. Graham), 3 £l3 ss, 3 £l3, 2 £l2 ss; Walter Blackie (Mosgiel), 2 £l2 12s; lan Lindsay (Allanton), 2 £l2, 1 cow £ll 10s, 1 £9 ss, 1 £9 12s 6d; George Ford (Mosgiel), 1 £ll, 1. £8 17s 6d; a client, 2 £lO 10s; John Campbell (Allanton), 1 £7 7s 6d, 1 £7. Dalgety and Co. sold: For R. M'Guckin (Kelso), 2 bullocks £9 2s 6d, 1 cow £6 10s; R. Finlay (Heriot), 1 bullock £l2, 1 cow £l2 2s 6d, 1 heifer £9 10s, 1 £8 10s; W. Lindsay (Allanton), 1 £lO 10s, 1 £10; executors late W. Kirk (Mosgiel), 2 bullocks £l2 2s 6d; W. Blackie (Mosgiel), 2 £l3; W. B. Saunders (Otiake), 3 £ls, 1 £l2 15s, 2 heifers £lO 17s 6d, 2 £lO 12s fid, 2 £9 ss, 1 £7. tlfore Cattle.—A large yarding of 270 head was forward, comprising a line of SO three and four-year-old station Hereford bullocks from. the. Lakes district, and well-conditioned cows, heifers and vealors. The bullocks sold well under keen competition at prices ranging from £7 Ss to £ll. Fat cows were easier, but other sorts sold on a par with last week’s rates. —The Otago Farmers’ Co-operative Association of New Zealand sold; For Robert Wilson (Riverside), 1 cow £lO Is, 1 £7 16s, 1 £7 14s, 2 bulls £B, 1 £7 15s, 4 steers £5 17s 6d; William Lindsay (Allanton), 4 cows £9 10s, 2 £9 ss, 1 £8 15s, 1 £8 10s, 1 £7 15s 2 £7. 1 £5, 1 bull £B, 1 heifer £5 17s 6d, 5 cows £4; J. Russell {“ Lome,” Invercargill), 4 cows £9 7« 6d, 4 £9 ss; John M'Lcnnan (Wynd ham), 4 cows £8 lOsj 1 £7 19s, 1 £B, 1 £7 15s, 1 £7 10s; John Black (Mataura), 1 £6 ss, 1' bullock £9, 1 cow £9, 1 £8 11s, 1 £8 10s, 1 £7 17s 6d, 1 £7 7s 6d. 1 £7 ss, 1 £6 17s 6. 5 bullocks £6 15s; D. Ireland (Mosgiel), 1 heifer £8 2s 6d; William Lindsay (Allanton), 2 heifers £6 17s 6d, 1 vealer £3; William Robertson (N.E, Valley), 1 cow £7 10s; J M.’Alister (Glenpark), 1 heifer £7 18s, 1 £7 12s 6d, 7 £6 6s; John Nicholson (One Tree Farm), 1 cow £6, 1 3 £3 17s, 1 £3 12s 6d, 1 steer £2 16s, 4 cows 50s; J. Gamble (Mosgiel), 1 cow £5 15s, 1 £3 19s; G. Craig (Mosgiel), 1 cow £5 ss; J. Bain, jun (Halfway Bush), 1 cow £4 2s 6d, 1 vealor 355; J. W. Graham (Mosgiel), 1 cow £5, 1 £4 2s 6d, 1 vealer £2; W. Blackie (East Taieri), 1 cow £4 16s, 1 vealer £2 ss; T. Wheeler (Ravensbourne), 1 heifer £4 15s, 1 cow £4.7s 6d; W. Hsrbrow© (Tomahawk), 1 cow £3 13s; a client, 1 bull £4 15s; Hope Bros. (Nenthorn), 1 vealer £3 8s 6d, 3 £2 ISs, 4 £2 Bs, 3 £2 6s; Smith Bros. (Glenesk), 3 £2 ss, 3 £2 4s, 7 £1 18s, 5 £1 16s; E. J. Allan (Caversham), 1 cow £5 17s 6d; Robert Wilson (Riverside), 3 heifers £3 10s. New Zealand Loan and Mercantile Agency Company sold: For F. Johnson (Momona), 1 cow £6, 1 £5 11s; John Hodgson (Sawyers’ Bay), 1 vealer £2 17s. 1 £l 17s. The National Mortgage and Agency Company of New Zealand sold: For Sam Bews (Elfin Bay), 9 bullocks £ll, 9 £lO. 16 £lO, 11 £9 15s, 10 £9, 9 £7 15s, 10 £B, 9 £7 9s 1 £7 Ss. Stronach, Morris, and Co. sold; For Mrs 11. M. Boyd (Stirling), 6 bullocks £lO, 1 cow £8 7s 6d, 3 heifers £7 6s, 1 cow £5, 1 vealer £1 19s; clients, 1 cow £7 7s 6d, 1 heifer £7 ss, 1 cow £7, 3 heifers £6 11s, 1 cow £6, 4 cows to £4 19s. 4 vealers to £2 10s; Mrs E, Roskelly (Mount Cargill), 1 cow £4 10s, 1 £3 17s '6 vealers to £2 8s Wright, Stephenson, and Co. sold: For H. M'Gowan (North Taieri), 3 cows £l2; N. Donaldson (Outram). 1 bull £9 15s; J. F. Reid (Elderslie!, I cow £8 17s 6d, 1 £5 15s; W. Justice (Anderson’s Bay), 1 cow £8 17s 6d; u. Jensen (Caversham), 1 cow £B, 1 £7 15s, 1 £7 10s, 1 £7 7s, 2 £6 10s, 3 £5 10s; D Ford (Allanton). 1 heifer £B, 1 £7 Its, 1 £7 2 % 4s: J. J. Nvhon (Sandymount), 1 steer £lO 15s; N. Parker (Outram), I heifer £7 7s, 1 £5, 1 £3 16s; J G Aitken (Sandymount), 1 row £5 12s 6d, 2 £4, I vealer £2 10s; D. Martin (Highcliff), 6 £4 7s 1 £3 Is; J. Bell (Waimahaka), 13 cows and heifers £4 6s. 2 vealers 30s 4 28s; H. Dunn (Upper Junction), 1 row £5 16s; C. Brenssoli (Outram), 1 vealor £3 10s. R Sim (Caversham). 2 cows. £2 10s, 1 call 19s; E. Harwood (Portobello), 1 vea,e r £2 Ss - R. Cullen (East Taieri), 1 vealer £1 12s; A. Bain (Wakari), 1 cow £3 17s 6d.—Donald Reid and Co sold; For J. Pryde (Mornington). 1 cow £5 Is, 1 £3 “(M J - Walker (Otokia), 1 cow £5 15s. 1 £5 ss; W. Friend (Upper Junction), 1 cow £4 2s 6d- W Lindsav (Allanton), 1 cow £4 '2s 6d’ 1 £4 10s; G. Ford (Momona), 1 heifer £6 17s bd. Dalgety and Co. sold; For R M'Guckin (Heriot). 2 steers £7 3s; James Wilde (Green Island), 1 cow £7 10s. Dairy Cows. —There were 30 head yarded Good cows and heifers at profit sold well at late rates.—-The Otago Farmers’ Co-operative Association of New Zealand sold: For J. Bain, jun. (Halfway Bush), 1 cow £lO 10s, 1 £0 17s 6d; a Green Island client, 1 cow £lO 10s: Robert Wilson (Riverside), 1 cow £8 2s 6d; W. Thompson (Abbotsford), 1 cow £7 10s: J. W. Graham (Mosciel), 1 cow 17 17s 6d; Thomas Maxwell LDanedinL 2

LOCAL AND OVERSEAS MARKETS.

heifers £7; a Peninsula client, 1 heifer £0 7s 6d; E. Jensen (Caversham), 1 heifer £5 12s 6d; A. E. Barsdel (Anderson’s Bay), 1 heifer £5 10s. Stronach, Morris, and Co. sold: For Charles Rollo (Roslyn), 1 heifer £8 12s 6d. Wright, Stephenson, and Co. sold: For F. O’Connell (Mornington), 1 cow £8 ss; -J. I. Reid (Elderslie), 3 dairy heifers £7 10s; R. Sim (Caversham), 1 cow and calf £6; D- Wilson (Fairfield), 1 £5 12s 6d, 2 li 17s 6d, 1 £4 15s. Donald Reid and Co. sold; For Thomas Maxwell (Dunedin), 1 £8 2s Cd. Calves. —The Otago Farmers’ Co-opera-tive Association of New Zealand sold: For A. G. Lewis (Portobello), 1 calf £1 13s; Hope Bros. (Nenthorn), 1 £1 13s, 1 17s, 1 15s; Mrs W. Evans (Green Island), 1 £1 ss, 1 4s 6d; 11. M'Gowan (North Taieri), 1 225, 1 20s, 214 s; George Shaw (Mosgiel), 1 17s; E. J. Allan (Caversham), 1 14s; a client, 1 15s, 1 10s; a client, 1 10s; a Peninsula client, £2 ss. New Zealand Loan and Mercantile Agency Company sold: For M. Harold (Henley), 1 calf £1 ss.——Stronach, Morris, and Co. sold: For Miss Jean Ross (North Taieri), 1 calf 265; Mrs J. Brinsdon (Mosgiel), 1 20s; Mrs William Clark (Mosgiel), 1 15s; Mrs J. Ellis (Mosgiel), 1 12s; a client, 1 11s, 1 4s 6d; T, Murphy (Pine Hill), 1 7s. Donald Reid and Co. sold: For Fred Driver (Mihiwaka), 1 28s, I 245; John Gregg (Kuri Bush), 1 225, 1 21s; Thomas Thomson (Leith Valley), 1 275; A. Ingle (Brockville), 1 30s, 1 275, 1 275, 1 265; Mrs Dunn (N.E. Valley), 1 255, 1 5s 6d; E. J. Allen (Caversham), 1 265. Wright, Stephenson, and Co. sold: For G. Sickles (Fairfield), 1 calf 40s; C. Brenssell (Outram), 1 265; J. F. Reid (Oamaru), 1 18s; F. Valpy (Green Island), 2 6s; James Black (Broad Bay), 1 5s 6d. Dalgety and Co. sold; For A. F. Doull (Henley), 1 calf 21s. Fat Sheep.—A medium yarding of 1957 was penned, comprising a good percentage of owes. The quality, taken all over, was much better than was forwarded for last week’s fixture. Although there were not a great many pens of prime wethers forward, competition was not at any time keen, and values for heavy wethers receded from 2s to 3s a head on last week’s prices, but there was not such a decided drop on ewes, and sheep of this class can be quoted down about Is. Freezing buyers were operating for light wethers and ewes, hence the regularity of the market for light sheep. Quotations: Prime heavy wethers to 40s 6d; prime, 36s to 38s; medium, 32s to 345; light, 28s to 31s; extra prime ewes to 55s 6d; prime, 30s to 345; medium, 23s to 265; light and inferior from 15s.— —The Otago Farmers Co-operative Association of New Zealand sold: For a Milton client. 5 -woolly ewes 40s 9d; Mrs M. Allan (Monoymore), pen wethers 33s 3d, 11 ewes ,32s 6d, 5 ?8s; A. and J Kell (Waitahuna), pen wethers 33s 3d. 12 ewes 28s, 10 19s 6d; Kell Bros. (Waitahuna), 11 wethers 30s 6d, 6 ewes 28s 9d, 'l2 27s 9d, 6 19s 9d; a client, 15 ewes 25s 9d. 6 21s 9d; T. G. Dods (Milton), 2 ewes 21s 6d, pen 10s; M. M‘Rae (Milton), 6 ewes 26s 9d. New Zealand Loan and Mercantile Agency Co. sold: For Timpany Bros. (Woodlands), 20 wethers 375, 25 325, 22 30s; W, A. Drinnan (Milton), pen ewes 31s 6d. pen 265, 6 22s 6d; Hugh Cameron (Glenore), pen wethers 29s 6d; James A. Fowler (Mosgiel), 15 ewes 26s 3d, 11 22s 9d; T. J. Gawu (North Taieri), 5 ewes 25s 3d, 6 23s 9d; David Currie (Milton), 7 wethers 25 s. The National Mortgage and Agency Co. sold: For A. W. Forbes (Woodlands), 23 wethers 365, 12 35s 9d, 24 34s 3d, 5 30s: Thomas Soper (Pukeawa). 18 wethers 35s 6d, 18 355, 18 325, 10 30s: A. Black (Heriot), 9 wethers 34s 9d, 8 30s 3d, 9 30s, 7 28s 3d; Mrs M. O’Connor and Sons (Clarendon), 11 wethers 33s 9d. 19 31s 6d, 2 ewes 25s 6d; J. F. Harris (Heriot), (in conjunction with Dalgety and Co.). 10 ewes 50s 9d, 15 wethers 30s. 25 28s 3d, 17 275; G. K. M'Kenzio (Clinton). 8 wethers 30s, 11 27s 9d, 10 ewes 24s 6d, 5 19s 3d; J. G. Duncan (“Elderslie”), 24 ewes 275. 23 21s 3d, 7 18s 9d; W. J. Anderson (Ida Valley), pen wethers 30s 9d. 14 ewes 225, 5 17s 9d; J. Fox (Studholrne). 4 wethers ,25s 3d. 15 ewes 23s 3d, 222 s 6d. 13 16s 6d; A. Robson (Middlemarch), 10 ewes 20s, 6 ISs 9d; James Anderson (Ida Valley), 20 ewes 20s; William Smith (Studholrne), 6 ewes 19s 6d, 15 18s 9d, 13 17s 6d; James White (Middlemarch), 13 owes 17s ,9d; A Carruthers (Taumata), 34 ewes at quotations. Stronach, Morris, and Co. sold: For Gladbrook Station (Middlemarch). 18 wethers 55s 3d, 14 32s 9d; R. Betting (Te Houka), 19 ewes 17s 6d. Wright, Stephenson, and Co. sold: For Carterhope Estate (Warepa), 14 wethers 40s, 18 37s 9d, 9 555, 14 35s 3d; W. D. Hunt (Newtown), 13 wethers 33s 3d: Tom Munro (Merton), 6 wethers 335; George Niohol and Son (Allanton), 16 wethers 31s 9d, 9 28s 6d; Reid Bros. (Berwick), 7 wethers 325. 10 31s 6d; J. Nimmo (Mosgiel), 11 ewes 29s 3d, 16 24s 3d, 10 22s 9d, 18 20s 6d; J. Wither (Maungatua), 10 ewes 275; J. F. Andrew (Tiroiti, Hyde), 17 wethers 28s 3d; F. Johnson (Momona). 5 ewes 23s 9d. Donald Reid and Co. sold: For J. E. Watson and Co., Ltd. (Gore, on account of R. Kilpatrick). 9 wethers 40s 3d. 9 34s 6d, 9 ewes 35s 3d, 1 20s, 17 28s 6d, 15 22s 6d; Hunter Bros, and Rice (Wyndham), 20 wethers 395, 14 35s 9d, 11 345, 15 57s 3d; David Currie (Milton), 9 wethers 35s 9d, 10 32s 6d; E. G. Williamson (Kycburn), 2 wethers 555, 29 255, 25 22s 6d, 12 235; R. F. Sim, as agent for Alex. Black (Heriot), 10 wethers 34s 9d, 9 30s. 8 30s 3d, 7 28s 3d; Robert Hamilton (Wyllie’s Crossing), 11 wethers 31s 6d, 17 28s 3d, 4 ewes 18s 9d; D. Nicolson (Oturehua). 21 28s 3d. 30 25s 9d, 12 19s 3d. 1 10s; Alex. Bathgate (Outram), 19 ewes 25s 3d, 12 225; W. T. Michelle (Milton), 3 ewes 24s 9d; A. and T. Lockhart (Clarksville), 5 ewes 21s 3d; M. M‘Rae (Milburn), 6 ewes 19s 3d; George Craig (Mosgiel), 12 ewes 16s 9d,; F. Driver (Mihiwaka) 5 ewes 16s 9d; C. Harris (Maungatua), 14 ©wea 13s. Dalgety and Co. sold: For J. W. Fox (Te Peka), 21 wethers 395, 21 36s 9d, 19 54s 3d; James Edgar (Tapanui). 8 wethers 58s 9d. 25 ewes 345, 15 30s, 2 23s 9d; W. Grant (Gore), 11 wethers 40s, 19 36s 6d. 23 33s 6d, 7 38s 6d; southern clients, 20 ewes 27s 9d. 25 26s 6d, 15 25s 3d, 11 275, 9 20s 9d, pen 325, pen 16s 6d, pen wethers 495, pen 35s 6d. 8 28s 9d, 8 375, 4 ewes 19s 9d; Cromwell Development Co., 66 wethers to 34s 3d: J. F. Harris (Heriot), 55 to 30s, 10 ewes to 20s 9d.

Fat Lambs.—A medium yarding was penned, the quality not being up to last week’s standard. Freezing buyers and butchers wore operating keenly for all good sorts, and a good sale resulted on a par with last week’s rates. Quotations: Extra prime lambs, to 355; prime, 27s to 29s 3d; lighter sorts, from 235. Tho Otago Farmers’ Co-operative Association sold: For J. Lowery (Milton), 2 lambs 255. 6 30s 3cl; H. Sutherland (Clarksville), 4 30s 3d; G. 11. Craig (Mosgiel), 8 29s 9d; Taieri client, 7 295, 3 28s; J. W. Graham (Mosgiel), 4 27s 9d; G. Courtier (Glenore), 226 s 9d; T. Pugh (North Taieri), 3 265, 6 25s 6d; T. G. Dods (Milton), 7 245. New Zealand Loan and Mercantile Agency Co. sold: For Hugh Cameron (Glenore), 5 lambs 355, 6 35s 3d, 8 29s 3d, 6 24s 9d; a client, pen lambs 34s 9cl, 3 31s 9d; F. Johnson (Momona), 17 30s, 20 27s 3d, 21 25s 3d; Jas. A. Fowler, pen 50s 9d; W. A. Drinnan (Milton), 10 29s 3d, 10 25s 3d. .The National Mortgage and Agency Co. sold: For a client, 2 lambs 35s 3d; W. J. Anderson (Ida Valley), 4 34s 3d, 16 335; Jas. Anderson (Ida Valley), 11 30s sd.- —Stronach, Morris and Co, sold: For A. Scott (Burnside), 1 pen lambs 35s 6cl, 5 20s 6d; a client, 1 pen 31s 3d; R. Betting (To Houka), 1 pen 265; G. H. Craig (Mosgiel) 8 lambs 255. Wright, Stephenson and Co. sold: For J. Ferguson (Maheno), 3 lambs 30s, 6 275; J. M'Lean (Dumbarton), 22 27s 6d, 18 265, 2 255, 18 24s 9d: F. Johnson (Momona), 6 26s 9d; G. Nichol and Sons (Allanton), 12 26s’ 3d. 16 255. Donald Reid and Co. sold; For R. James (Motai), 11 lambs 25s 6d- W. F. Michelle (Milton). 3 30s 9(1; F ’Driver (Mihiwaka), 25 29s 6d, 1 24s 9d; T. Geary (Henley). 15 295-,. R. Hamilton (Wylie’s Crossing), 33 28s 6d; J. W Graham (Mosgiel). 5 26s 9d; a client 5 25s- C. Harris (Maungatua), 22 255; Mrs ■\T C. M'Veigh (Galloway). 43 24s 6cl, 35 22s 9d • A. and T. Lockhart (Clarksville), 25 23s’. Dalgety and Co. sold: For John Imrie (Mosgiel), 5 lambs 355; G. 11. Praii* (Moso-iol), 8 28.- 3d; southern clients, 34 26s 9d.° 18 255. 29 235. 228 s 6d. 7 24s 3d. —About 220 fats and 80 stores were penned. Owing to the large yarding, competition was very slack, and prices for fate were back fully 10s a bead, and stores about ss. The Otago Farmers’ Cooperative Association of New Zealand sold: For F. Ibbotson (Owaka Valley), 2 pigs £3 12s, 2 £3 10s, 2 £2 16s; J. M'Gowan (Windsor), 1 £3 10s, 1 £2 12s 6d, 1 £2 10s, 3 £2 4s; J. O’Brien (Ngapara), 2 £3 7s. 1 £2 17s; C. Nimmo (Ngapara), 4 £3, 1 £2 13s, 1 £2 Bsj a Taieri

client, 2 £3 Is, 1 £2 12s, I £2 7s, 1 £2; W. Robertson (N.E. Valley), 2 £3 10s; Mrs M. M'Dongall (Tahatika)y 2 £3, 1 £2 19s; T. M'Carthy (Leith Valley), 3 £3 Bs, 1 £2 16s; T. Murphy (Pine Hill), 3 £2 ISs; J. M'Gowan (Windsor), 3 £2 ]3s, 3 £2 11s; C. Nimmo (Ngapara), 1 £2 Ms. 2 £2 llfi, 1 £2 7s, 1 £2 Cs, 1 £2, 1 £1 15s; F. Median (Ngapara), 1 £2 14s, 3 £2 (is; A. White (Ngapara), 1 £2 15s; W.'Balk (Ngapara), 4 £2 16s, I £2 ss; A. 11. Smith (Wylie’s Crossing), 1 £2 fls; F. Hood (Ngapara), 3 £2 3s; A. M'Kie (Ngapara), 1 £2 11s, 1 £2 10s; D. Peat (Mosgiel), 1 £2 3s, 1 £2; C. Cross (Portobello), 1 £2 6s, 1 £2 3s; W. Blackie (East Taieri), 1 £1 19s, 1 £1 10s; Mrs W. Evans (Green Island), 2 £1 15s; T. W. Ford (Woodhaugh), 3 £l 14s; William Friend (Tahatika), 1 £1 18s. New Zealand Loan and Mercantile Agency Company sold: For J. Ilorc (Maungatua), 2 pigs £2 6s, 2 £2 3a. The National Mortgage and Agency Company sold; For John Mathieson (Otokia), 3 pigs £3 12e; client, 5 £3 7s, 3 £2 19s, 3 £2 17s, 8 £2 15s; I). Stuart (Otekaike), 1 £3 3s, 1 £2 18s; client, 1 £3 3s, 1 £3, 2 £2 19s, 1 £2 16s, 1 £2 14s, 1 £2 10s; James M'Hardie (Sutton), 4 £3 Is; E. Dineen (Otekaike), 1 £2 11s, 1 £2 9s, 4 £2; G. Harrison- (Otekaike), 1 £2 6s, 4 £1 16s; D. B. Craighead (Sutton), 2 £2 ss, 2 £2 4s; J. Sheath (Otekaike), 5 355. Stronach, Morns, and Co. sold: For R. M. Johnstone (Sutton). 1 pig £2 13s; J. M'Ewan (NorthEast Harbour), 5 £2. Wright, Stephenson, and Co. sold; For Mayfield and Mat-' thews (Papakaio), 2 pigs £2 Is; S. W. Hall (Highcliff), 2 £.3; F. Ludeman (Papakaio), 4 £3, 1 £2 10s. 3 £2 6s, 3 £2 ss; M. Hamilton (Outram), 2 £3; A. Bain (Wakari), 2 £2; Lawson Bros. (Moinona), 4 £2 15s; D. J. Cullen (East Taieri), 2 £2 8s; T. Hackett (Momona) 1 £2 ss, 6 £2; T. Muruhy (Pine Hill), 3 £2 4s; C. Cross (Portobello), 2 £2; D. Gordon (Momona), 1 £1 13s. Donald Reid and Co. sold: For Alexander Bathgate (Shands), 10 pigs 295; W. E. Wright (Owaka), 2 555, 4 50s, 3 40s; Mrs E. Mudie (Tahatiki), 3 655; Thomas M'Nab (Tahatika), 270 s, 1 525, 1 435; Robert Knox (Owaka Valley), 1 3Ss, 3 455; Joseph Holland (Owaka), 1 575, 1 41s, 1 40s; Alexander Woodrow (Tahatika), 3 51s; Thomas Thompson (Leith Valley). 3 63a; L. I. Gibbs (Brighton), 2 Cls; J. E. Taylor (Otakou), 3 625. Store Pigs.—The Otago Farmers’ Cooperative Association sold; For R. H. Smith (Wylie’s Crossing), 1 sow £2; F. Johnston (Momona), 5 pigs 16s 6d; W. Blackie (East Taieri), 5 18s, 1 15s; A. G. Lewis (Portobello), 5 18s. Stronach, Morris, and Co. sold: For H. Clark (Portobello), 2 pigs 21s; E. H. Scott (Morton), 20 13s. Wright, Stephenson, and Co. sold: For W. White (Puketeraki), 1 sow £3; J. Kreft (Momona), 7 17s; D. Gordon (Momona), 2 store pigs 16s 6d, 3 16s. Donald Reid and Co. sold: For Roy Miller (Dunedin), 1 pig 295; a client. 10 15s; a client (Palmerston), 217 s 6d, 5 13s 6d; Alexander M'Millan (Momona), 2 245, 3 21s 6d; Martin Geary (Portobello), 3 13s CHEAP MEAT. We sell only prime ox beef, wetner mutton, prime lamb, dairy-fed pork; for quality the cheapest shops in tc. m. We specialise in orders from country sidents. —Salisbury Butchery Shops, Stuart street, George street, and Princes street. — Advt. ADDINGTON MARKET. (Per Dnitel. Press Association.) CHRISTCHURCH, January 18. At Addington today there were increased entries forward in all sections of stock except fat cattle. Generally, prices showed little change except that beef was Nearer and mutton slightly easier. Store Sheep.—There was a very heavy entry of store lambs, comprising over 10 per cent. A big proportion were backward. There was a keen sale for forward rape lambs, prices being only a shade weaker than last week. Good, young ewes also sold well. Good ewes sold briskly, but average sorts were inclined to be easier. Good mixed-sex crossbred lambs made to 25s 2d; . forward rape lambs, 23s to 24s medium rape lambs, 20s 5J to 22s 6d; backward sorts, 15s to 19s Od; good four, six, and eighttooth ewes, 26s lOd to 29s sd; medium four, six, and eight-tooth ewes, 22s Id to 24s lid; extra good two-tooth halfbred ewes, 31s 3d to 33s Id; medium to good two-tooth, halfbred ewes, 26s to 29s 8d; inferior ewes, 14s to 10s 4d; cull ewes, 7s to 10s 6d; forward four, six, and eight-tooth wethers, to 24s lOd; medium four, six, and eight-tooth wethers, 19s to 225; two-tooth wethers, 19s 3d to 20s Od; backward wethers, to 14s 9d. Fat Lambs. —About 3150 were yarded. Prices were on a level with last week, though competition was not so free. Extra prime lambs realised 32e 6d to 34s lOd; prime, 28s to 325; medium, 25s 6d to 27s 6d; light, 23s to 255. Fat Sheep.—A much increased entry, 11 races was forward compared with eight last 'week. Tho quality was mediocre and the best sheep cased slightly but all others were down by Is to Is 3d a head. Nevertheless, only odd lots came within exporters’ schedule. Extra prime wethers brought to 35s 4d; jirim© wethers, 30s to 52s 6d; medium wethers. 27s to 29s 6d; light wethers, 24s 6d to 26s 6d; extra prime ewes, 29s to 345; prime ewes, 24s to 27s 6d; medium ewes, 19s to 235; light ewes, 14s 6d to 18s. Fat Cattle.—There was a very small entry, 364 head being forward, compared with recent averages of 500. There was a keen demand and advances in prices of up to 25s a head for prime light cattle and from 10s to 20a for other classes were recorded. A few -pons of light prime beef made 44s per 1001 b; prime, 40s to 435; medium quality, 37s 6d to 39s sd; heavyweight, 34s to 37s . 6d; and rough, from 27s to 295. Prime heavy steers made £l6 15s to £l9 7s 6d; medium-weight steers, £l4 to £l6 10s; light steers, £9 10s to £l3 10s; extra prime heifers, to £l4 17s 6d; Erimo heifers, £l2 to £l3 15s; medium eifers,' £9 10s to £ll 15s light heifers, £6 15s to £9; extra prime cows, to £l4 7s 6d; prime cows, £ll to £l3; medium cows, £8 to £lO 10s; light cows, £5 10s to £7 10s. Vealers. —A small entry was forward months** £tT; veafersT ' to £5 10s; others, 21s to £2 10s; small calves, 5s to 15s. Dairy Cattle.—There was a very small yarding and a good demand. Best second to fourth ealvevs made £8 10s to £ll 10s; medium, £6 10s to £8; inferior, £4 to £6; host heifers, £7 10s to £lO 10s; me-faun, £5 10s to £7. Stove Cattle.—The entry of store cattle included a good-sized line of mixed aged steers, two to four years, and these made from £8 7s 6d to £lO 12s 6d, according to age and quality. Cows made to £5 10s, All decent stock sold well. Fat Pigs.—Prices were about on a par with last week, though big baconers were again practically unsaleable. Choppers brought 30s to £2 Ss 6cl; baconers, £2 10s to £2 15s; heavy baconers, £2 17s 6d to £3 2s 6d; extra heavy, to £3 6s. Average price per lb, 33d to old. Porkers made 32s to 40s; heavy porkers, 42s to 47s 6d. Average price per lb, 5Jd to 7d. Store Pigs.—There was a surprisingly brisk sale, considering the market for fats. Small weaners made 10s to 15s; good weaners, 16s to 19s; slips, 14s to 28s; small stores, 19s to 245; medium stores, 25s to 2Ss; large stores, 30s to 345. MELBOURNE WOOL SALES. fPrcsß Association —By Telegraph—Copyright.) MELBOURNE, January 18. At the sales late rates were fully maintained. Comebacks of all grades were in good supply, meeting with strong competition. Crossbreds were also in good demand. The top price was 33d. IMPLICIT TRUST AND CONFIDENCE The person or company you appoint to be the trustee of your will must be capable of meriting your ’ implicit trust and confidence. His character, standing, ability, and record must be beyond reproach. It is because “Tho Trustees, Executors ” fulfils those requirements better than anyone else that scores of successful men have appointed this Company to be their Trustees and Executors. The fact that the Company has over £3,000,000 in its administration is some evidence of the confidence reposed in it by the owners of valuable estates.

Investigation of its record and history its directorate and management, convinces one that here is the ideal trustee company—capable, experienced, and reliable in every respect.—The Irustecs, Executors, and Agency Company of New Zea land (Limited), corner Bond and Water streets, Dunedin. —Advt

| THE SHARE MARKET. DUNEDIN STOCK EXCHANGE. Further business in Upper Nevis at 25s was reported on the Stock Exchange yesterday. National Bank of New Zealands, which were turned over at £6 15s 6d, were afterwards on offer at £6 I6s. P. and O. Deferred Stock rights were on offer at a premium of £27 10s, but buyers would not give more than £2O. Sales reported: E. S. and A. Bank, £7 13s; National Bank of N.Z., £6 15s 6d; Mount Lyell, 28s; Upper Nevis, 255. The following are yesterday afternoons buying and selling quotations, winch are subject to the usual brokerage: BANKING. Bank of Australasia —Buy £l4 11s 6d, sel £l4 14s. Bank of N.S. Wales —Buy £45 15s. Bank of New Zealand—Bny 50s, sel 59s Bank of New Zealand (D issue) —Buy 265. Commercial Bank—Sel 29s sd. E. S. and A. Bank —Buy £7 12s. National Bank of N.Z. —Sel £6 16s. National Bank of Australasia —Buy £l7 2s. National Bank of Aust. (cont.) —Buy £8 10s. Union Bank —Buy £l4 12s 6d. BREWERIES. N.Z. Breweries, Ltd.—Sel 42s 6d. N.Z. Breweries Debent. —Sel 235. Staple’s Brewery—Buy 38s, sel 39s 6d. INSURANCE. National Insurance Co. —-Buy 15s, ael 15s 6d. N.Z. Insurance Co. —Buy 41s 3d, sel 425. South British Insur. Co. —Sel 58s. Standard Insurance Co. —Buy 625. SHIPPING. Adelaide Shipping—Buy 255. Huddart-Parker (ord.) —Buy 48s 9d, sel 50a. Huddart-Parker (pref.)—Buy 20s lOd. P. and O. Deferred Stock —Sel £237. P. and O. Deferred Stock (rights) Buy £2O prem., ael £27 10s prem. U.S.S. Co. (pref.)—Buy 20s, sol 20a 3d. COAL. Westport Coal Co.—Buy 31s 6d, sel 325. Westport-Stockton (ord.) —Sel Is Bd. Westport-Stoekton (pref.)—Sel 3s 6d. Kaitangata—Sel 2s 6d disc. LOAN AND AGENCY. Dalgety and Co.—Buy £l3 6s, sel £l3 Bs. Goldsbrough, Mort—Sel 47s 6d. Perpetual Trustees—Buy 61s. Trustees, Ex., and Agency—Sel 61s. Wright, Stephenson (ord.) —Buy 20s 6d, sel 225. Wright, Stephenson (pref.)—Buy 15e, eel 15s 9d. MEAT PRESERVING. Canterbury Meat—Buy £8 2s 6d. N.Z. Refrigerating (paid)—Buy 17s lOd, sel 18s. N.Z. Refrigerating (cont.) —Buy 8a 7d, MISCELLANEOUS. Auck. Amusement Park (ord.) —Buy 12s 6d, sel 15s. British Tobacco—Buy 395, sel 40s. Brown, Ewing (ord.) —Sel 335. Bruce Woollen Co. —Bny 11s. Colonial Sugar—Buy £54. D.I.C. (ord.) —Buy 9s prem. D.I.C. (pref.)—Buy 20s od. Dominion Investments—Buy 22a. Donaghy’s Rope and Twine —Buy 33s 9d. Eclipse Petrol—Sel 10s 3d. Kaiapoi Woollen (ofd.) —Buy 8s 6d. Kaiapoi Woollen (pref.)—Buy 13s 6d, sel 15s. Milburn Lime and Cement—Buy 325. Milburn Lime and Cement (new issue) —Buy 8s 3d prem. National Electric—Buy 10s 6d, sel 11s 9d. N.Z. Drug Co. (£2 paid)—Buy 68s, sel 69s 6d. N.Z. Express (ord.) —Buy 20s 6d. Wilsons (N.Z.) Cement—Buy 375, sel 38s. MINING. Kawarau G.M. Co.—Buy sd, sel Bd. Waihi—Buy lie, sel 11s 6d. Mount Lyell—Buy 28s, eel 28s 3d. Broken Hill South—Buy 465. Upper Nevis —Buy 24s 6d, eel 25s 6d. WAR BONDS; 4i per cent. Bonds, 1938—Buy £96 15s. 4J per cent. Bonds. 1939 —Buy £96 15s. 4| per cent. Inscribed, 1938 —Buy £96 15s. 44 per cent. Inscribed, 1939 —Buy £96 15s. 5 per cent. Postal Inscd., 1929 —Buy £9B se. 5J per cent. Insc. Bonds. 1927-41—Buy £9B ss, sel £9B 15s. NORTHERN EXCHANGES. (Pee United Press Association.) The following business was done on ’Changes yesterday:— Auckland. —Sales: War Loan, 1938, 4J per cent., £97; War Loan, 1936, 5J per cent., £lOl 7s 6d; Inscribed Stock, 192741, 5i per cent., £99; Auckland Harbour Board, 1937, 5i per cent., £9O ss; Breweries (debs.), 22s 7d (two); Commercial Bank of Australia, 29s 3d; Bank of New South Wales, £4O 12s 6d; Bank of New Zealand, 59s 4d; South British Insurance, 57s 3d; Auckland Gas, 23e 4d; Auckland Gas (cont.), 17s; Wilsons Cement, 37s lOd; Lucky Shot, Is 4d; Ohinemuri, 7s 3d; Waihi, 11s 2d; Mount Lyell, 28s. Wellington.—Sales reported: Bank of New Zealand, 59s 3d; Staples and Co., 39s 6d. Christchurch. —Sales: Bank of New Zealand, 59s 2d (two parcels) ; South British Insurance, 56s lOd; Goldsbrough, Mort, 475; P. and O. Deferred Stock (rights), £27 (two parcels). Sales reported: South British Insurance, 575; Dalgety and Co., £l3 10s; Goldsbrough, Mort, 475; New Zealand and River Plate. 27s lOd; Union Steam (pref.), 20s; Wilsons Cemeiit, 38s. GORE STOCK SALE. (From Our Own Correspondent.) GORE, January 18. The fortnightly stock sale was held at the Gore Corporation Yards on Tuesday in fine weather, there being a fair attendance of farmers. Fat Sheep.—There was an entry of 233 head, of fairly good quality, and the butchers’ requirements wene easily filled. Wethers realised from 29s 9d to 39s 3d, the top price being obtained by the National Mortgage and Agency Company, Ltd., for a line of well-conditioned sheep which were purchased by Messrs Crawford and Grant, Gore. Good quality ewee brought fair values, but there was no great demand for them. Store Sheep.—The only line offering was 100 ewes in wool, with 108 lambs, which ‘ realised 235, all counted. Fat Cattle.—There was an entry of 23 head. There was a fair demand, and the market improved as the sale progressed. A well-finished bullock sold by the National Mortgage and Agency Company, Ltd., made £l3 ss, and was purchased by Messrs Crawford and Grant. Other light bullocks made £7 12s 6d down to £5 10s. Fat cows and heifers realised from £5 10s to £8 10s. Store Cattle.—There was an entry of 93 head. Eighteen-month to two-year-old cattle made up to £6 2s, and yearlings up to £2 17s 6d. A good-looking dairy cow brought £ll ss, and heifers sold up to £6 10s. LONDON PRODUCE MARKETS. The following cabled advice has been received by the Bank of New South Wales:— Wool.—The market _ continues active, and prices are hardening. Mutton. —Wethers: sd, 7}d; heavyweights weaker, light remain steady. Ewes: 4Jd, 5Jd; quiet, firm. Lambs: lid, 12d; nominal, short supplies. Beef. —3Jd, 4fd; goor demand. Pork.— Bd. Butter. —1545, 158 s; slightly steadier. Cheese. —90s, 91s; quiet. SYDNEY WOOL SALES. (Press Association—Bv Telegraph—Copyright.) SYDNEY, January 17. At the wool sales, under excited competition, the market ruled at the best point of the season, and very full and satisfactory clearances were made, all descriptions sharing in the demand. Greasy merino sold to 32Jd. CHICAGO WHEAT QUOTATIONS. (Press Association—By Telegraph—Copyright.) NEW YORK, January 17. Chicago Wheat. —March. 1294 cents per bushel; May, 130 5-8: July, 126 7-B.—A. ! and N.Z. Cable.

LONDON WOOL SALES. The Bank of New Zealand has received the following advice from its London office under date January 17:— The sales have opened with strong competition and large attendance of buyers, and there is an active demand from all branches of the trade. The selection of crossbreds is very limited. Compared with the closing rates of last series, merinos are about Id to lid per lb, fine and medium crossbreds 2d, and coarse crossbreds l£d higher. The National Mortgage and Agency Company of New Zealand, Ltd., has received the following cablegram from its London office, under date January 17:— The auctions opened here to-day with a large attendance of buyers. Home and Continental buyers operating freely, and competition is very keen. Compared with closing rates of last sale we quote;— Greasy merino (best), id to Id dearer; do do (average), id to Id dearer; do halfbreds, 56/58’s, Id dearer; do crossbreds, 48/50’s, 2Jd dearer; do do, 46/48’s, lid dearer; do do, 44/46’s, lid dearer; do do, 40/44’s, lid dearer; do do, 36/40’s, lid dearer. Slipe wools are 5 per cent, dearer. Messrs Dalgety and Company, Ltd., advise having received the following cablegram from their head office, London, dated January 17: — Wool Sales.—London wool sales opened with competition very animated, selection good and a large attendance. There is a strong demand from the Cdntinent. As compared with the closing rates of the last series merino is quoted at par to Id higher; halfbred, par to Id higher; crossbred, fine, Id to lid higher; crossbred, medium. Id to 2d higher; crossbred, coarse, none offered; slipe. Id to lid higher. LOAN FOR FRANCE. (■press Association —E 7 Telegraph—Copyright.) WASHINGTON, January 16. The Treasury officials indicate in connection with the French loan that the French Government will be given credit with the Federal Reserve Bank to aid .a return to the gold standard, and it may even be permitted to float Government loans in the United States if these privileges are sought.—A. and N.Z. Cable. The Washington correspondent of the New York Times states: The prohibition against the flotation of French securities in this country, which has been in force for over three years as the result of the failure of France to fund her war debt to the United States, has been lifted by the State Department in so far as it concerns French industrial loans. It is understood that the action was taken independently by the United States as an earnest indication of America’s friendship for France. It is hoped that the French Parliament will ratify the MellonBerenger debt agreement after the French general election.