COMMERCE AND FINANCE

Otago Daily Times, Issue 20536, 11 October 1928, Page 16

COMMERCE AND FINANCE

WEEKLY MARKET REPORTS Burnside, October 10. Fat Cattle. —There was a yarding of 226 fat cattle. The quality of the yarding was much better than last week, there being a large proportion of pens of wellfinished prime bullocks, with the usual sprinkling of medium-weight bullocks and cows and heifers. Owing to the presence of outside country butchers, a good sate resulted, and prices can be quoted about 20s per head better than last week. Prime bullocks made from £2O fo £26 12s fid; medium bullocks, £l6 10s to £lB 10a; light bullocks, £ll to £l4 10s; extra prime oows and heifers, £lB 12s 6d; prime cows and heifers, £l3 to £ls; medium, £lO 10s to £l3; old and inferior, £8 10s to £9 10s. Donald Reid and Co. sold: For John Wilson (Omakau), 2 bullocks £lB 17s fid, 4 £l7, 2 £l6 7s 6d, 2 £l6, 2 £ls 12s 6d, 6 £ls 10s; late William Kirk (Mosgiel), 1 bullock £lB 2s 6d, 2 £ls 7s 6d, 1 £l6 17s 6d; Hall Bros. (Balclutha), 3 bullocks £lB, 2 £l6 2s 6d, 3 £l4 10s; Thomas Grant (Outram), 6 bullocks £18; William Lindsay (Allanton), 2 bullocks £l3 17s 6d, 2 heifers £l2 10s. 1 £lO 10s, 1 £ll 10s, 1 £ll ss. Stronach, Alorris, and Co. sold: For Mrs A. J. Bell (Stirling), 2 bullocks £lB 17s 6d, 3 £l7 17s 6d, 3 £l7 2s fid; Henderson and Co. (Invercargill; as agents), 1 heifer £lB 12s 6d 2 £ls 7s fid 3 £ls, 1 £l4 7s fid. 2 £l4 2s fid, 1 £l3 17s fid, 2 £l3 15s, 2 £l3 7b fid, 1 £ll 7s fid; A. S. Holms (Waimahaka Estate, Invercargill), .1 bullock £lB. I £l6 15s, 2 heifers £l3 7s fid, 2 £l3 2s 6d, 2 £l2; A. Scott, 2 bullocks £2O 15s, 2 £l7 10s. 1 £l6 17s fid, 1 £l4 17s fid; Wilson Bros. (Stirling), 3 bullocks £l7 17s 6d, 2 £ls 17s fid, 1 heifer £ll. 2 £lO 12s fid; W.- Ward (Middlemarch), 1 bullock £l6 12s fid. The National Mortgage and Agency Co. sold: For Smaill Bros. (Aloa Flat), 6 bullocks £26 17s 6d, 3 £25, 2 £24 2s fid, 2 £23 15s, 1 £23, 1 £22 10s; A. S. Holms (Waimahaka), 1 bullock £l7, 1 £ls, 1 heifer £l6 15s, 2 £ls 16s, 1 £l4 ss, 2 £l3 17s 6d. Wright, Stephenson, and Co. sold: For J. D. ArLean (Waimahaka), 6 bullocks £2O, 3 £l3) W. Lindsay (Allanton), 3 bullocks £l9; Airs W. Kirk (Alosgiel), 3 bullocks £lB. The Otago Farmers’ Co-operative Association scud: For Hastings Bros. (Stirling), 3 bullocks £lB 17s fid, 2 £l7 7s fid, 2 £ls 17s fid; Mrs AI. Grant (Outram), 2 bullocks £l9 17s fid, 1 £l9 7s fid, 2 £l7 17s fid, 2 £l6 2s. fid, 1 £l6 ss; William Lindsay (Allanton), 2 bullocks £lB, 1 £l7 6s, 1 £l3 10s; a southern client, 3 bullocks £l7 7s fid, 3 £l6 15s, 2 £l6 ss; D. Ireland (Alosgiel), 2 bullocks £l6 17s 6d, 2 £l6 2s 6d, 2 £l3 10s, 2 £9 ss; Mrs W. Kirk (Mosgiel), 2 bullocks £lO 17s 6d; Robert Wilson (Riverside), 1 bullock £l4 ss, 1 £ll 15s, 1 £ll 17s 6d; Craigie and Harrington (Anderson’s Bay), 1 heifer £l2 7s fid. Dalgety and Co. sold; For Albert Maclaw (Fearburn), 3 heifers £l6 12s fid, 3 £ls 15s, 3 £l4 12s fid; Mrs C. Beattie (Tapanui), 2 bullocks £l4 17s fid, 1 cow £ls 2s 6d> 1 £l3 ss, 1 £l2 17s fid. 1 heifer £ll ss; H. M'Quillan (Wyndham), 8 bullocks £l6 6s, 3 £lfi 2s fid, 3 £l4 15s, 3 £l3 12s fid. 1 heifer £l4 ss, 2 £l3 12s fid, 2 £l2 12s fid. 3 £ll 7s fid, 3 £l6 17s fid; George Stronghold (Gnarled Hills), 2 bullocks £ll 17s fid; exors late W. Kirk (Mosgiel), 2 bullocks' £lB.* —New Zealand Loan and Mercantile Agency Go. sold: For Hector Willbcks (Stirling), I bullock £l9 17s fid, 2 £l9 12s fid, 1 cow £l4 7s fid: a southern client, 1 bullock £25, 2 £24, 2 £2O, 3 £lB 10s, 1 cow £l2 7s fid; William Kirk (Mosgiel), 2 bnl--4 locks £lB 2s fid; William Lindsay (Allanton), 2 bullocks £ls 10s. Store Cattle. —A medium number was penned; including four pens of two and a-half to three-year steers, which sold at ■from £7 19s to £ll 14s; 18-month yearling steers realised £5 18s; 18-month heifers made to £5 ss; forward cows, £7 5s to £l2; wfeaners, £3 5; aged cows, 30s to £3. Messrs Donald Reid and Co. sold: For R. Simpson (Lime Springs) . 9 steers £ll 12s fid, 5 £7 19s; a Central client, 2 heifers £5 ss, 8 steers £5 18s, 16 £3 ss. 1 cow £l2, 1 £4. 2 cows £2 lls fid; T. B. Grant (Riverside), 2 cows for £23 10s. Stronach, Alorris, and Co. sold: For H. Clark (Portobello), 1 cow £4 12s fid; R. E. Tisdall (Middlemarch), 10 calves to £2 12s; a client, 1 cow £9 12s, 1 £8 17s.——Wright, Stephenson, and Co. sold: For G. T. Maxwell (Outram), 1 steer £ll 14s; D. K. Dreaver (Oamaru), 1 steer £6 3s, 7 heifers £5 18s; T. D. Marshall (Allanton), 1 bull £6; S. Young (Flagstaff, Wakari), 3 cows £3 13s; W. Gooch (Mihiwaka), 3 steers £3 2s fid; H. Al'Alurray (Alornington), 1 cow £2 17s. The Otago Farmers’ Co-operative Association of New Zealand sold: For John Nelson (One Tree Farm), 1 cow £l3 ss, 1 fll 17s fid. 1 heifer £7 14s, 1 £7 2s 6d, 2 £5, 2 £4 15s, 1 £4: W. Curran (West Plains), 1 heifer £l2 15s, 2 £l2, 2 £9 12s fid. 1 £8 ss, 1 £7 10s, 1 £7. I vealer £2 10s; William Lindsay (Allanton), 7 cows £lO, 1 heifer £9 15s, 1 £9 I Os, 1 £9 6a, 2 £8 15s, 1 vealer £1 ss; lan Ross (Fairview), 1 bull £9, 5 steers £6 4s, 1 cow £6 10s, 3 £4 6s; A. E. Batsdell ( Anderson’s Bay), I cow £6 2s fid; R. Strutters (Pine Hill), 1 steer £6; J. Woods (Green Island -Bush), 1 cow £5 12s fid, 1 £? 10s; Robert Wilson (Riverside), 1 cow £4 15s, 1 vealer £2 ss, I 225: John Al'Lennan (Wyndham). 6 heifers £3 12s, 6 £3 4s; John Black (Mataura), 5 heifers £4 3s, 3 vcalers £2 10s, 5 32s 6d. 4 17s fid: a client. 1 cow £2 10s. Dalgety and Co. sold: For Airs C. Beattie (Tapanui), 1 heifer £l3, 1 vealer £8 ss; W. Nicholson (Hampden), 6 vealers £4, 1 cow £4 15s; J. Hail (North-East Valley), 1 cow £2 14«; J.. Lament (Sawyers’ Bay), 1 cow £4 17e fid, 1 heifer £6 3s, 1 £4 10s, 1 vealer £3 4s, I£2 10s. The National Mortgage and Agency Company of New Zealand sold: For south client* 1 cow £l3, I bullock £ll 15e, 1 £lO l£s, 1 cow £ll lls, 1 £0 13s, 1 £8 17s fid, 3 £7, 1 £6 7s fid, 2 £6 20s, 5 £4 18s. 1 £3 15s, 1 heifer £3 2s fid. Dairy Cows. —Donald Reid and Co. sold: For a client, 1 caw £ll 6s; Airs Gallagahan (Green Island), 1 £9, 1 £7 10s; John Gregg (Kuri Bush), 1 £9; W. Greaves (Mihiwaka), 1 £4 10s. Stronach, Morris, and Co. sold: For G, M'Master (Saddle Hill), 1 cow £6R. J. Crossan (Henley), 1 £5 12s fid; client, I f 9. Wright, Stephenson, and Co. sold; For M. J. Fraser (Allanton), 1 cow £9 6s, 1 £7 ss, 1 £5 17s fid, 2 £5 12s fid, 1 £5 ss; A. Waugh (Halfway Bush), I £8 10s, 1 £7 7s fid; C. Timblick (Henley), 1 £7. Otago Farmers’ Co-operative Association sold: For Craigie and Harrington (Anderson’s Bay), 1 cow £9, 1 £6; Robert Wilson (Riverside), 1 £9; D. A. M'Lacblan (Mihiwaka), 1 £6 10s, I £5 10s; Thomas Maxwell (Dunedin), 1 £7 15s. 1 £7 10s; W. Cadzow (Anderson’s Bay), 1 £7 15s; W. Curran (West Plains), 1 £7 2s fid, 1 £6, 1 £5 10s; client, 1 heifer £5 7s fid, 1 cow.£4 10s. Calves. —Donald Reid and Co. sold: For D. Grant (Lovell’s Flat), I calf 375, I 365; G. and O. Elliott (Lovell’s Flat), 1 20s; C. Pickering (Port Chalmers), 2 2Ds; John Hodgson (Sawyers’ Bay), 1 255; Mrs Jane Thomson (Maungatua), 3 20s; James Stewart (Pukehiki), I 31s, 1 10s; James Kenny (Otokia), 1 ISs; H. Y. Sinclair (Mosgiel), 1 lls; W. M. Marshall (Alomona), 1 10s; Mrs B. Wishart (Henley), 1 10s, 2 Bs, 1 7s, 1 6s, 1 4s fid; Aliss A. Taylor (Henley), 1 lls, 1 ss. 1 4s fid; Mrs Morrison (Otokia), ! 15s. 2 4s fid; Mrs Callaghan (Green Island), 1 os. Stronach, Morris, and Co. sold: For Airs A. Tai>s!-:y (Alosgiel), 1 calf 355; Airs J. Brown (Alosgiel), 1 355; W. Munro (Berwick), 1 255; J. Alitcbell (Wylie’s Crossing), 1 20s: Miss Lily M'Gettegan (Alosgiel), 1 13s; Alexander Ferguson (Alosgiel), 1 13s; T. Johnson (Allanton), 1 12s; A. Ralston (Allanton), 1 lls; client, 1 21s fid, 1 lls. 1 5s 6d. Wright, Stephenson, and Co. sold;- For W. Grant (Berwick). I calf 31s, 1 4* fid; C. Brenssell (Outram), I 255, 1 20s, 1 lls Od, 1 9s, 1 6s, 1 Ss, 1 4s 6d; G.’.Pearce (Henley), 1 225. 1 4s 6d; J. Prentice (Mosgiel), 1 20s; Alan Mann (Momona), 1 19s, 1 18s, 1 16s; L. G. Gibbs (Brighton), 1 17s: G. Donaldson (Burnside), 1 14s, 1 6s; A. Trower (Leith Valley), 1 lls; Stewart Bros. (Pukehiki), 1 9s; G. W Kirkby (Allanton), 1 4s fid; W. G. Mackay (Berwick), 1 31s.- Otago Farmers’ Co-operative Association sold: For Mrs Johnvton (Green Island), 1 calf 28s. 1 265, 1 20s, 1 ISs; client, 1 28a; Mrs E. Word (Allanton), 1 225; W. Wilkinson (Green Island), 1 20s; J. P. Gardiner (Green Island), 1 19s, 1 10s fid; J. W. Laing (Sawyers’ Bay), 1 18s; A. Campbell (Alilton), 1 18s; A. Abernetfay (Sawders’ Bay), I 15s; O. Stenhouse (Halfway

LOCAL AND OVERSEAS MARKETS. •

Bush). 1 16s; T. Davies (Fairfield), 1 16s; W. Johnston (Laith Valley), 1 14s, 1 12s Cd, 5 4s 6d; G. M'Master (Saddle Hill), 1 16s, 1 10s, 1 4s fid; J. Macauley (Waikouaiti), 4 14s; C. M'Callum (Flag Swamp), 214 s; William Lee (Goodwood), 214 s; A. Wilson (Flag Swamp), I 14s. New Zealand Loan and Mercantile Agency Company sold: For A. Kennedy (Windsor), 1 calf 475, 1 40s, 1 355; J. Rawdiffe (Windsor), 1 325, 1 255, 1 225, 1 7s, 215 s: A. B. Stewart (Aloneymore), I 30s; W. M. M'Kenzie (Windsor), 1 30s, 219 s, 216 a, 1 Bs, 1 7s, 1 6s; D. A. Drennan (Milton), 1 28s; David Currie (Milton), X Iss, 1 12s, I 11s. Fat Sheep.—A small yarding of 1629 was penned. Of this number, a large proportion consisted of wethers, not many ewes being offered. The wethers penned were mostly of medium to good quality, with the usual consignments of lightweights. At to-day’s sate the first truck of shorn sheep arrived from the North Island, and were of very good quality. Prices for prime wethers were from Is 6d to 2s per head better than last week, while medium and light-weights were firm at late rates. Extra prime wethers sold to 595; prime wethers made from 48s to 52s 6d; medium wethers, 40s to 455; lightweights, 33s to 3Ss 6d; prime ewes, 39s to 435; medium ewes, 33s to 37s 6d; lightweight ewes, 28s to 31s; shorn maiden ewes, 26s to 33s 9d; shorn wethers, 26s 6d to 28s 9d. Donald Reid and Co. sold: For B. Davidson (Granville), 11 wethers 52s 9d, 19 48s 6d, 14 45s 3d, 5 41s, 3 ewes 365; R. F. Sim (Heriot, as agent), 12 wethers 49s 6d. 1 395, 4 ewes 325; John Hamilton (Lauder), 16 wethers 39s 9d, 13 38s 3d. 19 375, 54 35s 6d, 15 33s fid; Peter Boyd (Lovell’s Flat), 8 39s 6d, 29 38s 6d, 11 375, 9 37s 6d; A. T. Lockhart (Clarksville), 9 38s 6d; R. F. Sim (Heriot, as agent), 11 ewes 38s 3d, II 31s 6d; G. Harvey (Springhill), 27 hoggets 30s, 18 25s 9d.- Stronach, Morris, and Co. sold: For A. Marshall (Wajpahi), 6 wethers 54s 3d. 17 475. 9 465, 13 ewes 395, 7 37s 3d; Airs J. G- Pringle (Crookston), 3 wethers 53s fid, 4 41s, 9 ewes 365, 6 33s 9d; fiaugh Bros. (Grookston), 14 ewes 435, 11 40s 6d.- Wright, Stephenson, and Co. sold: For Alexander Robertson (Crookston), 9 wethers 60s, 11 565, 16 52s 6d, 12 50s 9d; Mrs J. G. Pringle (Crookston), 2 wethers 53s 6d, 5 46s 3d, 6 41s, 9 ewes 365, 6 33s 9d; A. Dynes (Kelso), 4 wethers 63s 6d, 12 50a 9d, 12 46s 3d, 4 44s 6d, 9 ewes 41s Sd, 11 38s fid; T. Crossan (Kelso), 8 wethers 53s 3d, 4 455, 3 ewes 345; A. Stuart (Kelso), 10 wethers 52s fid, 16 50s 3d, 15 495. 15 46s 6d; H. M’Call (Kelso), 11 wethers 47s 9d, 11 42s 9d> 2 ewes 265, 4 17s; W. I. Nichol (Allanton), 10 wethers 465, 8 44s 3d, 12 41s 9d, 8 40s, 14 36s fid. 4 hoggets 30s; A. Baugh (Crookston). 10 ewes 41s Sd, 15 425; Gibson Bros. (North Taieri), S wethers 41s Sd; J. D. Marsland (Lauder), 20 wethers 40s 3d, 34 38s 6d, 57 375; G. J. Gray (Hillend), 8 wethers 40s, 17 395: John A. Beattie (Kelso), 11 wethers 38s. —— The Otago Farmers’ Co-operative Association of New Zealand sold: For George Gray (Pukekoma). 11 wethers 49s 6d, 14 42s fid; William Taylor (Ashley Downs), 18 wethers 49s 3d, 23 45s 3d, 13 445; D. Jenkins (Kelso), 12 wethers 49$ 3d, 15 445; D. Falconer (Maitland), 18 wethers 475, 17 43s 3d, 17 40s 3d; R. Clark (Clarksville), 3 wethers 47s 3d, 7 39s 9d, 10 37s 3d; client, 8 wethers 40s; H. M'Call (Kelso), 13 wethers 455, 3 38s; Frank H. Chittock (Kelso), 18 wethers 37s 9d, 10 375; Thomas Copeland (Tapanui), 9 wethers'39s 3d* 11 38s, 7 33s fid; Allison Bros. (Clarksville), 9 wethers 30s 6d, 6 38s 9d- Dalgety and Co. sold: For Aire C. Beattie (Tapapui), 10 wethers 545, 13 51s Od, 12 47s 9d, 15 45s 9d; Aliss Annie Beattie (Tapanui), 2 hoggets 375; W. Hunter (Wyndham), 23 wethers 45s 3d, 12 44s 6d, 18 40s 9d. 11 40s 3d, 13 39s 9d, 16 37s 9d,-19 37s 6cl; T. Stanley (Balclutha), 26 wethers -435. 17 41s 6cl, 11 39s 6d; Murray Bros. (Clydevale), 13 48s, 14 44s 6d, 6 42s 3d, 2 ewes 40s fid; J. D. Edgar and Son (Tapanui), 10 wethers 45s 9d, 11 41s 9d, 19 41s 6d, 14 395; John Imrie (Alosgiel), 1 ewe 51s; Gb T. Smith (Clifton), 21 wethers 365; D. M'Call (Waikoikoi). 8 wethers 44s 6d, IS 41« 3d, 17 37s 9d, 16 365.- —The National Mortgage and Agency Company of New Zealand sold: For D- B. Craighead (Middlemarch), pen wethers 39s 6d, 2 37s 3d. 4 hoggets 36s 9d. 11 335, pen 30s 9d; D. Ireland (Mosgiel). 7 wethers 37s fid, 18 375, 22 365, 7 34« 3d.—r-New Zealand Loan and Mercantile Agency Company sold; For J. A. Duthie (Lovells Flat), 9 wethers 41s, 10 395; Richard Alitcbell (Outram), 17 wethers 41s; W-P. Reid (Alaheno), pen shorn ewes 33s Ba, b shorn ewes 295, 4 26s 3d. 11 shorn wethers 28s 9d, 7 25s 6d. ' Fat Lambs.—There was a much larger yarding this week, 39 spring lambs opining forward. A number of the lambs were much too small for butchers’ requirements, and consequently did not realise big values. Prime lambs brought from Sfis to 425; medium lambs, 30s to 355; light, 21s 6d to 28s. Donald Reid and Co. sold: For Mark Finch (Milton), 1 lamb 38s; James France (Milton), 2 365; J. W. Graham (Alosgiel), 235 s.——— The National Alortgage and Agency Co. of N.Z. sold: For AI. Finch (Alilton), I lamb. 38s.

Spring Lambs.—The Otago Farmers’ Go-operative Association of N.Z. sold: For J. France (Milburn), 1 lamb 40s; James W. Blair (Outram), 1 395, 1 365; M, Finch (Alilton), 1 38s. Dalgety and Go. sold: For John Imrie (Mosgiel), 1 lamb 425, 230 s; James Fraser (Milton), 2 39«.•—The New Zealand Loan and Mercantile Agency Co. sold: For Northern client, 25 lainbs 295.

Pigs.—A large yarding of fata was penned, consisting principally of porkers. There was a good demand for baconers at last sale’s values. Porkers_ were in over-supply, and realised prices a few shillings under those of last week.- — Donald Reid and Co. sold: For G. Carr (Matui), 1 pig £4 ISs, 2 £4 Is. 3 £3 10s; George Irving (Otokia), 2 £3 4s; T. G. Paulin (Outram), 1 £2 16s, 2 £2 9s, 3 £2 Is; William Baird (Momona), 1 £2 lls, 1 £1 19s; J. B. Wix (Mosgiel), 1 £1 17s, 3 £1 14s.——Stronach, Morris, and Co. sold: For Orokonui Gome (Waitati), 3 pigs £4 14s, 3 £4 13s; Thomas Outram (Kuri Bush), I pig £3 19s. 1 £2 10s; Thomas Thomson (Leith- Valley), 3 pigs £3 Ifis, 1 £3 Is; A. Alurdoch (Green Island), 1 pig £3 ss; Mrs G. AI. Muir (Wr.xr;ngton), 1 pig £3 2s, 1 £2 19s; W. Williamson (North Taieri), 1 pig £3, 2 £2 iSs, -Wright, Stephenson, and Co. sold: For Airs J. Thomson (Maungatua), 2 pigs £3 17s, 4 £3 10s; John M‘Neill (Croydon). 2 £3 10s, 3 £2 15s, 1 £2 14s; C. Brenssell (Outram), 3 £2 18s; Bulleid and Jones (Deborah), 2 £2 15s, I £2 7s, 2 £2 3s, 6 £2 Is, 2 £2, 7 £1 19s, 1 £1 17s, 6 £1 14s, 13 £1 12s, 7 £1 10s; Airs J. Aliller (Maungatua), 1 £2 Is, 2 £1 17s. The Otago Farmers’ Co-operative Association of New Zealand sold: For D. M'Kay (Alosgiel), 1 pig £4 17s; Leighton Piggery (Pine Hill), 2 pigs £4 4s, 3 £4 Is, 2 £4, 2 £3 17s, 1 £2 15s, 2 £2 7s, 1 £2 fis. 3 £2 4s; J. P. Gardiner (Green Tsland), 1 £3 ss; C. Spain (Dunedin), 7 £3, 1 £2 9s, 3 £2 4s; T. Wintrup (Green Island), 1 £2 17s, 1 £2 10s; Mrs W. Hastie (Woodbaugn), 5 £2 17s. 1 £2 15s; client, 1 £2 I7s; C.R- Paterson (Windsor), 2 £1 14s.——Dalgety and Co. sold: For Robert Spinkle (Alton Hills), 1 £4 12s, 1 £4 8s; James Newlands (Ngapara), 5 £3 15s, 1 £4 Is; A. G. Sutherland (Ngapara), 1 £2 15s, 1 £1 16s; T. Aleenan (Ngapara), 2 £3 lls, 1_ £3 2s; N. Reid (Outram), 2 £3 Bs. New Zealand Loan and Alercantile Agency Company sold: For A. Kennedy (Windsor), 1 £3 15s, 1 £3 14s, 1 £3 lls, 1 £3 7s, C £3 4s, 5 £3 12s, 2 £2 9s, 1 £2 fis, 1 £1 16s. Store Pigs.—Donald Reid and Co. sold: For Airs Johnstone (Green Island), 2 pigs 225, 5 18s Od; a client, 7 17s; W. J. Crawley (Kaikorai), 4 17s, 215 s. Stronach, Alorris, and Co. sold: Fqr A. Aloynihan, jun. (Momona), 5 pigs 19s; a client, 1 pig 24s fid, 1 13s. Wright, Stephenson, and Co. sold: For D. J. Fraser (Opoho), 6 pigs 365; W. Baugfaan (Brockville), 1 16s fid: A. Aloynihan, sen. (Alomona), 8 15s; G. Pearce (Henley), 4 15s fid; J. Waugh (Momona), 4 20s, 1 13s; C. Tomblick (Henley), 8 14s fid, 4 lls, 6 8s fid; J. Taylor (Otokia), 3 14s; Mrs J. Johnston (Green Island Bush), 5 14s, 3 12s, 9 lls fid; Andrew Ralston (Alomona), 4 10s, 2 8s fid. The Otago Farmers’ Co-operative Association of New Zealand sold: For C. R. Paterson (Windsor), 2 pigs £2 3s; Mrs J. Johnston (Green Island), 2 £1 7s; A. Aloynihan (Momona), 1 £l, 5 19s, 1 los; D. M'Kay (Mosgiel), 6 15s. Dalgety and Co. sold; For Aliases B. and E. Kempshell (Maungatua), 7 niss 15s, 1 ss.

ADDINGTON MARKETS. (Pee United Press Association.) CHRISTCHURCH, October 10. There were smaller entries all round compared with the previous week at the Addington markets to-day. Fat cattle were in short supply and recovered from the drop sustained last week. Fat sheep averaged about the same price. Dry store sheep were in better demand, but values were unchanged, and ewes and lambs were dull of sale, white spring lambs sold at improved rates. The yarding of store sheep was about the same as that of the previous week. Good quality sheep and dry sheep were in keener demand, well-woolled wethers in fair condition selling readily at late rates, and good ewe hoggets sold well. Good halfbred ewe hoggets made from 37s 6d to 435; ordinary wether hoggets, 265; well-woolled halfbred wethers 31s to 33s 6d; shorn wethers, 22s to 25s 4d; six and eight-tooth three-quarterbred , ewes to 335; sound-mouth halfbred ewes to 25s 6d; sound-mouth crossbred ewes and lambs, 16s to 19s (all counted), j There was a fair yarding of spring I lambs, the entry totalled 125, and under ' active competition prices showed improvement. Extra good lambs sold to 43s 4d; I good, 36s to 39s 6d; medium, 31s to 35s i od: small, 27s to 30s. I There was a shorter entry in the fat sheep section. The quality of the yard- ( ing was generally good on the average, I and prices were about the same as the previous week. The range of prices was: Extra prime wethers made to 50s 4d; prime wethers made from 43s to 47s 6d; prime medium-weight wethers, 37s to 425; medium and unfinished wethers, 30s lOd to 355; shorn wethers, 28s Id to 38s Id; extra prime ewes to 42s 7d; prime owes, 36s to 40s; medium ewes, 28s to 35sj aged I and inferior ewes, 24s lOd to 27s fid: ' shorn ewes, 17s lOd to 34s lOd; hoggets, i 30s lOd to 39s lOd. | There was a considerable falling off in 1 the numbers of fat cattle yarded, the total being 329, against 480 the week before, ! and 457 a fortnight ago. The quality was j mixed, but on the whole similar to that lof the previous yarding. Outside supplies were represented by consignments from the West Coast and North Island, j the northern cattle having been down for some time, and some of them had been I offered..at the previous sales. The market opened at an advance iu prices. Extra star beef made to 50s; average, 44s 6d to 48s; medium, 39s Cd to 435; plain heavy steers, 36s 6d to 41s; prime cow and heifer beef, 44s to 47s 6d; medium, 39s 6d to 435; and rough, down to 30s per 1001 b. The range of prices was: Extra prime steers, to £2l 12s 6d; prime steers made from £lB 10s to £l9 17s 6d; medium steers, £l6 10s to £18; ordinary steers, £l2 2s 6d to £l6; extra prime heifers, to £l7 2s 6d; prime heifers, £l4 to £l6; oi'dinary heifers, £7 7s fid to £l3 10s; extra prime cows, to £l6 2s 6d; prime cows, £l3 to £l6; medium cows, £9 10s to £l2 10s; aged and inferior cows, £6 I2s 6d to £9. There was a small entry of veaters, mostly of the poor quality, but there were some good sorts. Prices showed an advance on late rates. Twelve to 18-months sorts sold to £lO 11s; good veaters made from £6 10s to £9; medium veaters, £3 10s to £5 16s; small calves, 20s to £2 15s. There was a small yarding of store cattle, which consisted mainly of cows. There was a good sate for all classes. Good cows made to £6 10s; medium cows made from £3 10s to £4 15s; aged and inferior cows, 20s to £2 10s; two-year steers, £6 17s; yearling steers, £4 12s' 6<l; bulls, £3 to £6 10s. There was a medium yarding of dairy cows, both as to numbers and quality. There was a good demand. Second, third 1 and fourth calvers made from £7 to £ll 10s; heifers, £5 10s to £lO 10s; aged cows, £4 to £6 10s. There was a small yarding of fat pigs, porkers being rather firmer and baconers selling at }ate rates. Choppers made from 30s to £4 6s; light baconers, £3 7s 6d to £4; heavy baconers, £4 5s fid to £4 10s 6d (average price per lb 6d to 6Jd); light porkers, Sss to 455; heavy porkers, 47a fid to 65s 6d (average price per lb 7d to 7Jd). There was again a heavy entry of store pigs, resulting in a further fall in prices. Small weaners made from 5s to 9s; good weaners, 8s to 12s; small stores. Os to 12s Cd; medium stores, 13s to 15s; large stores, to 28s. CHEAP MEAT. We sell only prime ox beef, wetaer mutton, prime lamb, dairy-fed pork; foi quality the cheapest shops in t> n. Wo specialise in orders from country denis.—Salisbury Butchery Shops, Stuart street, George street, and Princes street.— Advt. FRUIT EXPORT TRADE. RENEWAL OF GUARANTEE. (Special to Daily Times.) WELLINGTON,' October 10. The Minister of Agriculture (Air O. J. Hawken) to-day confirmed the announcement that the Government had decided to renew for the 1029 season the guarantee on the export of fruit. The guarantee will be on the same basis as that which applied during the past season—namelv, 11s per case gross on extra fancy ami fancy grade apples and pears and 7s per case on good grade apples. The guarantee will apply only to certain varieties of fruit shipped under such conditions as are approved. The conditions will be substantially the same as those Tvhich operated during the 1928 season. The only alteration is a few minor changes in connection with the specifications of grades. The Minister stated that in agreeing to renew the guarantee the Government had in mind the great utility of the arrangement in assisting the growers to finance their operations. “ The amount, while sufficiently liberal for that purpose," he said, "is not high enough to involve the risk of large payments having to be met out of the Consolidated Fund as was shown by the experience of last season, when, although large shipments from both Australia and New Zealand Were made and prices in the European markets were not particularly high, the ejaims upon the guarantee were comparatively insignificant.” NEW ZEALAND MEAT. AIUTTON AND LAAIB POPULAR. (Special to Daily Times.) AUCKLAND, October 10. In a tetter dealing with New Zealand meat in England Air H. R. MacKenzie (chairman of the Auckland Harbour Board) says:— “ I met Mr R. S. Forsyth, manager of the New Zealand Meat Producers’ Board, in London, and we went through the Smithfield markets together. The Argentine chilled beef looked very fine alongi side ours, which comes out dark. ft appears that chilled beef goes off very quickly, and when the market is glutted it is sold very cheaply. Mr Forsyth tells me that our meat is taken by navy contractors and by big homes and institutions: otherwise our beef would get a bad run. However, our frozen mutton and lamb are very popular, and Canterbury lamb is sold at all first-class shops. Mr Forsyth tells me that the war did a lot for New Zealand meat.” N.Z. CO-OPERATIVE DAIRY COMPANY. TWO PROPOSALS REJECTED. (Per United Press Association.) HAAIILTON, October 10. The suppliers of the New Zealand Cooperative Dairy Company by a referendum rejected a proposal to purchase the fertiliser works of the Challenge Company. The voting was 387,469 against and 30,473 for the proposal. The suppliers also rejected by 290,083 votes to 136,145 a proposal to reimburse | the three guarantors of the Bacon Com- I I pany who lost a total of £25,000 when the company failed. . TESTED AND PROVED. , Every ALFA-LAVAL Separator is tested iu a real dairy factory with fresh ' whole milk before it leaves the Alarm- j facturers’ hands. It must stand up to the most complete and searching tests. That is ONE of the reasons why the ALFA-LAVAL skims closer than any | other machine, and gives longer years of j trouble-free service. Let our district j representatives, demonstrate for you. Sold ■ on easy terms or liberal discount for cash. LOCAL AGENTS: LAIDLAW & GRAY, LTD.. DUNEDIN.—Advt.

THE SHARE MARKET. DUNEDIN STOCK EXCHANGE. A transaction in Bank of New Zealands at 61s 3d was reported on the Stock Exchange yesterday. Sellers’ lowest quotation was 61s 6rl. E.S. and A. Banks were also reported to have changed hands at £8 17s the shares being unquoted on ’Change. Crystal Ices found a buyer at 245. National Bank of New Zealands were on offer at £7 6s, but buyers were not prepared to give more than £7 3s 3d. For P. and 0. Deferred Stocks buyers offered £242, but sellers were uot interested. Kaitangata Coals were on offer at 4s discount without response by buyers. For Dalgety and Co.’s shares buyers were prepared to give £ls 2s, sellers did not come forward. Upper Nevis shares ' were inquired for at 7s. Sales reported: Bank of New Zealand, 61s 3d; E.S. and A. Bank, £8 17s; Crystal Ice, 245. The following are yesterday afternoon’s buying and selling quotations, which are subject to the usual brokerage:— BANKING. Bank of, Australasia—Buy £l4 14s. Bank of N.S. Wales—Buy £sl. Bank of New Zealand —Buy 61s 3d, eel 61s 6d. Bank of New Zealand (D issue)' —Buy 27s 9d. , . „ Commercial Bank—Buy 29s lid, sel 30s 3d. National Bank of N.Z. —Buy £7 3s 3d, sel £7 6s. . National Bank of Australasia—Buy £l9 ss. National Bank of Aust. (cout.) —Buy £9 10s. Union Bank — Buy £ls 6s. BREWERIES. N.Z. Breweries, Ltd.—Buy 52s 9d, sol 53s 9d. N.Z. Breweries Debent. —Buy 24s Id. INSURANCE. National Insurance Co. —Buy. 16s, sel 16s SJ. Standard Insurance Co.—Buy 64s 6d, sel 665. Queensland —Buy C4s 6d. SHIPPING. Huddart, Parker (pref.)—Buy ?ls. P. and 0. Deferred Stock —Buy £242. U.S.S. Co. (p,ei.)—Buy 20s 7d. COAL. Kaitangata —Sc) »<•: dis. Westport-Stockton (ord.) —Scl 3s Bd. LOAN AND AGENCY. Daigety and Co.--Buy £ls 2s. National Mortgage—Buy 83s Od. N.Z. Loan and M. (ord.) —Buy £llO. Perpetual Trustees —Buy 635. Trustees, Ex. and Agency—Buy 595, sel 625. Wright, Stephenson (pref.)—Buy 15s ° d ' MEAT PRESERVING. N.Z. Refrigerating (pd.)—Sel 19s Id. N.Z. Refrigerating (cont.) —Buy 8s 7d, sel 8s lOd. South Frozen Meat (ord.) —Buy 365. MISCELLANEOUS. British Tobacco —Buy 435, sel 43s 9d. Brown, Ewing (ord.) —Buy 30s. Brown, Ewing (pref.)—Buy 20s. Bruce Woollen Co.—Buy 15s. D.I.C. (ord.) —Buy 10s prem. D.I.C. (pref.)—Buy 20s lOd. Dominion Investments —Buy 225. Dominion Rubber—Buy 20s, sel 27s 6d. Donaghy’s Rope and Twine —Buy 335. Dunedm-liaikorai Trams —Buy 32s 6d. Milbui'n Lime and Cement—Buy 35s 6d, sel S6s 6d. Mosgiel Woollen Co.—Bny £7 ss. National Electric—Buy 8s 3d. N.Z. Drug Co. (£2 pd.)—Buy 60s, sel 71s. N.Z. Express (ord.) —Buy 18s, scl 19s 9d. N.Z. Express (pref.)—Buy 17s, Od. N.Z. Guarantee Corp.—Buy 9s. N.Z. Sugar of Milk—Buy 26s 6d. Whitcombe and Tombs —Buy 695. Wilsons (N.Z.) Cement —Buy 38s 6d. MINING. Nokoraai Sluicing—Buy 14s 6d. Electrolytic Zinc (ord.)— Buy 325, sel 32s od. Mount Lyell—Sel 35s lOd. Molynoux Electric—Buy 8s Od, sel 12s Od. Upper Nevis —Buy 7s. Upper Nevis (pref.)—Buy par. Big Beach —Sel 9s 3d. Mahakipawa—Buy Is lid, sel 2s 2d. Kildare—Buy 2s Del, sel 3s. WAR BONDS. 4J per cent. Bonds, 1930 —Buy £99. 4) per cent. Bonds, 1938—Buy £99. 4) per cent. Bonds, 1039 —Buy £99. 54 per cent. Soldiers’ Bonds, 1033 —Buy £lOl. 4) per cent. Inscribed, 1938 —Buy £99. 41 per cent. Inscribed, 1939 —Buy £99. 5) per cent. Bonds, 1936 —Buy £lOl. 5} per cent. Inscribed, 1933 —Scl £lOl. NORTHERN EXCHANGES. (Pbk United Pkess Association.) The following business was done on ’Changes yesterday: Auckland.—Sales: Borough of Mount Eden debentures (1961), 5* per cent., £lOl 10s; Union Bank, £ls 6s; New Zealand Insurance, 455; South British Insurance, C2s 6d; Farmers’ Co-operative Auctioneering, 655; Electrolytic Zinc (ord.), 32s 6d; Hayward’s Pictures, 20s 9d (two sales) : Wilson Cement, 30s 3d (two sales); Ohiuemnri, 7s; Waihi, 14s 2d. Wellington.—Sales reported: 5i per cent. Government Stock (1930), £lOl 10s. Christchurch. —Sales on ’Change: Glaxo Ci per cent. (1945), £9O; National Bank of Australasia (£5 pd.), £0 11s 9d; Bank of New South Wales, £sl ss; National Insurance, 16s 3d. Sales reported: Bank of New South Wales, £sl 6s 3d; Wellington Frozen Meat, 12s 6d. SYDNEY WOOL SALES. (Unitetf Press Association.; (By Electric Telegraph—Copyright.) SYDNEY. October 10. (Received Oct. 11, at 0.5 a.m.) At the wool sales the market is very firm for all top lines of fleece and good skirtings, but lower grades are still selling irregularly. Bidding has been well distributed. The Russians’ buying has been a noticeable feature, and the Japanese, the French, and the Belgians have been prominent. The sales totalled 11,301 bales. Greasy merino fleece sold to 25|d. LONDON WHEAT MARKET. (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, October 9. Wheat cargoes are quiet and occasionally lower. Parcels are inactive to 3d easier. Liverpool futures: October, 9s 6d; December, 9s 6|d; March, 9s 6Jd; May, 9s 6Jd. —Australian Press Association—United Service. LONDON STOCK EXCHANGE. (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, October 9. Dalgety and Co.’s shares (ex div.), £ls 3s 9d; Dalgety and Co.’s 4 per cent, debentures, £76 10s; Goldsbrough, Mort, 5 per cent., £Bs.—Australian Press Association —United Service. THE ESSENTIAL QUALIFICATIONS OF A TRUSTEE AND EXECUTOR. I.s it possible for a single individual to possess all the qualifications that make an ideal trustee and executor? Emphatically, No! No matter how competent and conscientious he may be, one fact stands supreme —no man is master of his own destiny. He is but human, subject to ail the temptations of mankind, liable to illness and death All these eventualities react to the detriment of an estate. The advantages of entrusting your affairs to a company specialising in every phase of trustee work—The Trustees, Executors, and Agecny Co. of N.Z.. Ltd.— are unequalled. “The Trustees, Executors’’ offer you expert, economical, and impartial administration at exceedingly moderate charges. You arc assured of permanency —a priceless advantage. The wide experience and business knowledge possessed by the Directors, Management, and Staff are at your service. Address: Corner Bond and Water streets. Dunedin. —E. E. Clowes, manager. —-Advf-

MINING. MOLYNEUX ELECTRIC CLAIM. UNDER OFFER TO LONDON SYNDICATE. The secretary of the Molyneux Electric Gold Dredging Company, whose claim is under offer to a London syndicate, has received the following cablegram from London: —“Terms arranged with purchasers. Post option to me for six months in terms of your letter of August 13, and cable date of despatch. Urgent.— Payne.” The Molyneux Gold Dredging Company holds the whole of the Molyneux River, extending from Alexandra to the Fourteen Mile Beach, about 14 miles in all, of which the greater portion is said to be virgin ground. Mr Payne, who signed the cablegram, was formerly in business in Dunedin as an engineer and designer of gold dredges. He has resided in London tor many years, and his firm (Messrs F. W. Payne and Son) is connected with some of the largest tin dredging companies in the world. If the flotation eventuates shareholders in the Molyneux Electric Company will receive a good cash payment per share, besides a proportionate number of fully paid up shares in the London company. Mr Payne is well acquainted with the stretch of river under consideration, and as he is associated with a very wealthy group of mining investors, the flotation of the London company is likely to be successfully carried through.