COMMERCE AND FINANCE

Otago Daily Times, Issue 20701, 26 April 1929, Page 15

COMMERCE AND FINANCE

THE SHARE MARKET. DUNEDIN STOCK EXCHANGE. A transaction in Mount Lyells at 44s 3d was reported on the Stock Exchange on Wednesday, the market closing with a onyev a.t the same price and a seller at ’f- Coinmercia! Banks were in demand at 29s lOd, but sellers would not accept leas than 30s 3d. National Bank of New Zealands were on offer at £7 3s, but buyers best offer was £7 0s 6d. There was an easier demand for ordinary Hudo iv ers 4 bu y ers ’ hest offer being 44s Cd. Sellers, however, remained firm at . 3 ? d -, F. and O. Deferred Stocks were inquired for at 58s, but sellers would not flcccpt less tp&n 59s 6cl. There was an improved demand for Grey Valley Collieries, 22s 6d being offered by buyers, lucre was no response by tellers, however. For Broken Hill Souths Olivers were prepared to give 08s Cd, but sellers would not quote below 70s 6d. Sale Reported.—Mount Lyell, 44s 3d. The following are Wednesday afternoon s buying and selling quotations, which are subject to the usual brokerage: BANKING. Australian Bank of Commerce—Buy 35s od. Bank of Australasia—Sel £l4 18s. Bank of New South Wales—Buy £sl 10s. Bank of New Zealand—Sel 62s 3d. Commercial Bank—Buy 29s lOd, sel 30s 3d. E. S. and A. Bank—Sel £8 17s. National Bank of New Zealand—Buy £7 0s 6d,.eel £7 3s. National Bank of Australasia—Buy £l9 10a. National Bank of Aust. (cont.)—Buy £9 Hs. Union Bank—Sel £3 12s 6d. BRFAVERIES. New Zealand Breweries, Ltd.—Buy 625, eel 62s 9d. New Zealand Breweries, Debentures— Buy 265, Timaru Brewery—Sel 14s 9d. INSURANCE. National Insurance Cp.—Buy 16s 2d, sel 16s 7d. South British Insurance Co.—Sel 665. Standard Insurance Co.—Buy 64s'. SHIPPING. Huddart, Parker (ord.)—Buy 44s 6d Sel 45a 6d. Huddart, Parker (pref.)—Buy 21s. P. and 0. Deferred Stock—Buy 58s, sel 59s 6d. Union Steam Ship Company (pref.)— Buy 20s 9d. COAL. Westport Coal Co.—Sel 33s 3d. Westport-Stockton (ord.)—Buy 3s Id. •el 3s Cd. , ’ Westport-Stockton (pref.)—Buv 3s 9d. Grey Valley Collieries—Buy 22s Cd. LOAN AND AGENCY. Dalgety and Co.—Buy £ls 10s, Goldsbrough, Mort.—Buy 535. National Mortgage—Buy 85s, sel BCs Cu, - . Wright, Stephenson (ord.)—Buy 265, Wright, Stephenson (pref.)—Buy 17s lOd. MEAT PRESERVING. Gear Meat Co.—Sel 43s 6d. New Zealand Refrigerating (paid) Buy 15s 2d, sel 15s 9d. New Zealand Refrigerating (cont.) Buy 7s Id, sel 7s 3d. MISCELLANEOUS. British Tobacco—Buy 475, sel 48s. Colonial Sugar—Buy £59 10s. Crystal Ice Co,—Sel 26s Cd. D.LC. (ord.)—Buy 10s 6d prem. D.I.C. (pref.)—Buy 21s 3d. , Dominion 23s 6d. Dominion Rubber—Buy 30s, sel 32s Cd. Rope and Twine—Buy- 34s .Dunlop Rubber—Buy 28s Cd, sel 29a 6d, Kaiapoi Woollen (pref.)—Buy 15s'. . ; Milburn Lime and Cement— Buy 38a Cd MLeod Bros.—Buy £3O. National Electric —Buy Bs, sel 8s Cd. Zealand Drug Co. (£2 paid)—Buy 7os 6d. _ New Zealand Guarantee Corp.—Buy 8s 6d, sel 9s. .New Zealand Paper Mills (ord.)—Buy 18s od, Wellington Woollen (ord.)— Sel £7 7s. Regent Theatre—Buy 22s Cd, sel 23s 3d. Whitcombe and Tombs—Buy 76s Wilsons (N.Z.) Cement—Buy 41s. mining. Kawarau G. M Co.—Buy od. Waihi—Bu y I3s 9d, sel 14s 3d. Waihi Grand Junction—Buy Bd. Electrolytic Zinc (pref.)—Buy 365, sel o7s. Electrolytic Zinc (ord.)—Buy 355, sel 003 od. Mount Lyell—Buy 44s 3d. sel 45s' Broken Hill South—Buy 68s Cd, sel 70s Cd. Big Beach—Buy 6s Cd. Kildare —Buy 3s. Okarito Buy lid prem, sel Is 3d prem. WAR BONDS. 1 4 -,. P ™ £ ent - R° nds . 1938—Buy £99 15s, sel £IOO oe. 4} per cent. Bonds. 1939—8uy £99 15s. E er „j ent - kHm's’ Bonds. i933—Buy *IUI Za od. per cent, Inscribed, 1938—Buy £9O 4J per, cent. Inscribed, 1939—8uy £99 las. sel £IOO ss. 5J per cent. Soldiers’ Inscribed, 1933Buy £lOl 2s 6d. 6 j 5 i Per cent. Bonds, 1036—Buy £lOl 2s Si per cent. Bonds, 1933—8uv £99 61 per cent Inscribed. 1933—8uy £O9. NORTHERN EXCHANGES. (Fflm United-Press Association ) , be I° Bow > n fe' business was done on Changes on Wednesday:— Auckland.—Sales: Gisborne Sheep farmers Debentures, £O6 10s; National Rank of Australasia (cont.), £9 13s Gd; Grey -Valley Coal, 245, 245; Northern steamship, )ss; (cont.), 7s 2d; New Zea]and Breweries, 61s Gd; Taranaki Oil Cs -d, 6s 3d, 6s 3d; Wilsons Cement, 41s Od; AIbl J r 1 I j; a Mining. 2s. 2s; Waihi. 13s tOd Wellington—Sales reported: Bank of Kew Zealand 625; Hikurangi Coal (first pieference), 5s 3d; Commercial Bank. 30s 3d:, 30s 4d; National Mortgage, 85s ' Clinstchnrch.—Sales on ’Change: Australian Bank of Commerce, 35s fid (two parcels); Commercial Bank of Australia, opa 3d. 30a 2d; Commercial Bank of Sydney £27 12 s 6d: New Zealand Re-fngci-iting (10s paid). 7s 3d; Now Zea-. and Breweries, 625; Staples Brewery, 4os 6d,- British Tobacco, 47s Od (two parcels); Mount Lyell, 44s 3d (two parcels), 44s Plnn,; ICt i' na , ,Y y ; U, . za Sl 'S ar - 445; MahnKipavva, Is (six parcels). Sales reported: New Zealand Government 5j per cent Inscribed (1930) (late sale Wednesday) • -JW New Zealand Breweries. 62-s, Staples Brewery, 45s 3d; Victoria Nyanza Sugar, 445; Commercial Bank oi LwMwi 1 ’ a? S H d mj VO P arcels >; Mount 44s 6d, 44s 44s Otl. EXPERT ADMINISTRATION OF YOUR ESTATE. - This is the era of' specialisation —excellence in any particular walk of life demands it. The advantages of leaving administration of your estate in the hands of a company specialising in trustee work— The Trustees. Executors, and Agency Co. of N.Z.,' Ltd.—are widely recognised. Naming "The Trustees. Executors *• as your trustee and executor- is an assurance that vour affairs will be economically, efficiently, and impartially managed. Then. too. consider the inestimable advantages of permanency offered by the Company Nothing can happen which is likely to prejudice the careful and continuous administration of your affaire. No private trustee can guarantee this. He is liable to all the sicknesses and temptations to which man is heir. He ■ay desire to travel. Death may intervene. All these eventualities would seriously prejudice the welfare of your estate. Fullest information gladly supplied Address: Corner Bond and Water streets, Dunedin. —E. E, Clowes. Manager.—Advt.

LOCAL AND OVERSEAS MARKETS.

GORE STOCK SALE. ( From Our 0 Corbespox-dent.) rp. f , GORE, April 24. Ihe fortnightly stock sale held at Gore y sterday attracted a large number of tamers and buyers, and there was a good e * ;-y both sheep and cattle. I'at bheep.—The market was well maintained, and a very prime fat wether made “f’. others of medium quality made from 28s to 31s. For the fat ewes he market was firm at recent quotations, prices ranging from 16s to 22s 3d 26s 6 9d V Pen ° f fat Jan>bs fol ’" ald ' raad e Store Sheep— A large entry was fornara. There is still a good inquiry for ewe Jambs and the market is firm. Prices ranged from 23s 3d to 25s Bd. ' Good torward store lambs realised up to 23s 2d while small and backward sorts were disposed of at from 13s 7d to 17s lOd. A large number of breeding ewes were on otter, and according to the quality the market was well maintained. Fairlygood two-tooth ewes made up to 355, yv-mie small a.nd weedy sorts realised 27s to 3Us bound-mouth ewes were disposed at ft om 23s lOd to 30s 3d, according to quality and condition. Good full and failing-mouth ewes, in fresh condition, "•ere disposed of at 18s 4d to 23s 3d n-hile meduims and culls changed hands, at tiom- 16s 9cl down to 10s Od. I'at Cattle.—Not a very big yarding was forward in the fat pens, but some good heavy bullocks were on offer. Prime bullocks made from £l4 12s Cd to £l7 iis Gd, while cow and heifer beef was to £8 IV6d PnCeS r;UlgillK f r °m £G 15s Store Cattle.—Not many stores were ottering. Springing cows made £5 ss, heifers £4 15s, store cows £5 15s down to £1 os, and yearling mixed sexes £3 Ss. LONDON MARKETS. Messrs Dalgety and Co., Ltd., advise having received the following cablegram from their head office, London, dated April 23: Tallow.—The.next sale will take place on .May 1. a A Y? 01 -— Th ® bst of arrivals closed on fc 1 oln'nn P' aaatlty available; Austrahan 28,000 bales. New Zealand 45,500 Cape 2000, South American 26.000; carry forward, 28,500 bales; total quantity available, 130,000 bales. Y AUCKLAND SAVINGS BANK. 'Special to Da u.y Tiues.) v , . AUCKLAND, April 25. Strikingly indicative of the thrift of the community is the fact that the amount to the credit of depositors in the Auckland Savings Bank at March 31 totalled £0,640,014, an increase of £500,720 on the total at the same time last year. In his address at the annual meeting of tiustees, the retiring president /(Mr E. Anderson) said that perhaps the subject of chief importance during the year was the x eduction of the lending rate on m-st mortgage advances by one half per cent,, from 61 to 0 per Cent, and the rate of deposits by one quarter per cent, from 44 per cent, to 44 per cent. The net proVkr ins the ., year V ns £ 61,010, against £66,108 in the previous year. The decrease was- wholly due to the reduction m the mortgage rate which dated from January 1, whereas the reduction of one quarter percent, in the rate of depositors came into force only after the close of tne financial year. THE HIDE MARKET. (United Press Association.; (By Electric Telegraph -Copyright.) it? • MELBOURNE, April 25. (Received April 25, at 7 p.m.l mdes are irregular excepting light kinq aFmffSny? Vhich decHned a farthin K to CEYLON TEA SALES. again inferior, which resulted in a slnditK easier market.. All grades were in 2,600,0001 K WCCk ' S catal °S lles will total LONDON WOOL SALES. (United Press Association.) (By Electric Telegraph -Copyright.) 7 . LONDON, April 93, tor the wool sales on April 30 130 000 bales are available, of which the hevi annals comprise 18,000 bales of Aimtraban wool and 45.000 of New Zealand "001. Australian Press Association. FOREIGN EXCHANGES. (British Official Wireless.) (United Press Association.! '.3y Electric Telegraph -Copyright) IIUGBT, April 23, , „ Par - April t 7. April 23. Paris, fr. to £1 124.21 124.25 104 171 Brussels, bclgas to £] ... 33 M nns ~ 9 f'°; Y" tO . £ ' 18 - 159 18 - 20 A 18-20 atorkholm, kr. to £1 .. jsjsa ltU7 ]8 w Oopenbagen, fcr to £1 ... 18.153 ts.2l jg'.,' Berlin, mark? to £1 ... 20.43 20.475 ?0-t7 Montreal, .del to £l ... 4.88 J 4.gnr *l, Ne» Vork. dot. to £1 lokohama. pence to yen 24.68 21 15-16 •’ox Hongkong, pence ro fI O I, 24 23) 23} Calcutta, pence to rupee 18 17 23-32 IT^l-w Bate via, florins to £1 ... 13.107 12J3J io.'iL^ Rome, lire to £i 02.4 G 32.70 [l2 674 Amsterdam, guild to £1 12.107 12.05 J ie”o 8 “ Prague, fcr. to £1 34.03 |G4 t c 4 Geneva, Ir. to £1 35.22. J 2,).215 25 21 Vienna, schillings r 0 £] 34.63) 34.5 C 34 57 ilelsingtora, marks to £1 193.23 193 133 Madrid, pesetas to £1 ... 25.22) 32.803 33.741 Athena, drachina to £1 35.335 -375 * ~-s 3 Lisbon, escudos to £1 .. 4.50) 108) 103 J Bucharest, lei to £1 ... 573 . 320 818 Bio tie Janeiro, pence to „ milreia - 16 5 57-C4 5 57-64 Buenos Aires, pence to pesos ... M( ... 47.62 47 5-16 47 5-16 Shanghai, pence to tael 2^ NATIONAL BANK OF AUSTRALASIA. iPeb United I’uesr Association.) , ■ WELLINGTON, April 25. Ihe following cabled advice has been received from Melbourne; —“The board of directors of the National Bank of Australasia, Ltd., have decided, subject to audit* to recommend to shareholders a dividend of 10 per cent, per annum on both classes of shares for the half-year ended March 31. .The reserve fund* has increased to £3,100,000. SYDNEY WOOL SALES. (United Press Association., (By Electric Telegraph—Copyright.) i-d i a SYDNEY, April 24. (Received April 20, at 5.5 p.ni ) At the wool sales 10.979 bales’ were offered and 10,875.501 d. There was a keen demand for many lines showing fineness. Others were firm at late rates. Yorkshire and Continental buyers were the chief operators. Greasy merino fleece brought to 20d.

WEEKLY MARKET REPORT

Burnside, April 24. Fat Cattle.—There was a small entry, numbering 174 heads. The yarding consisted mainly of medium ox with a few pennings of prime heavy bullocks. Hie proportion of cows and heifers was small. The sale commenced with keen competition, prices being fully 30s per head better than last week but an easing ■was noticeable towards the close, when prices receded to. last sale’s parity.

Quotations: Extra p’-irae heavy bullocks, to £23 2s 6d; prime, £l7 to £lB 10smedium. £l3 10a to £ls; light, from £ll 10s;_ prime cows and heifers, to £lGhe National Mortgage and Agency Company of Lew. Zealand sold: For M MKay Sons (Switzers), 2 bullocks £23 2s 6d, 1 £22 2s Gel, 1 £l9 7s Cd, 2 5s .’ 4 , £l9 V s 6d: R - F - Kirk (Mosgiel), 2 bullocks £l9 2s Gd; S. Walker (Fortrose), 1 bullock £lB 10s, 2 f}Z “ £l7 2s 6d > 1 lieifer £IG, 1 cow £l3 17s Gd 1 £l2 7s Gd.—Donald Reid “I James Renton (Mosgiel) 2 buHocks £lB 12s Gd; John Sutherlaml (Maungntua). 2 bullocks £l7, ? £ls Itr’ B T lackie (Mosgiel 2 bullocks f i rY. 1 l am Ll,l,lsa y (Allanton), 1 bullock f!4 ss, 1 £l3 12s Gd, 2 £l2 12s Gd, F- , A, £I °. 10s; executors late William (Mosgiel). 2 bullocks £l3 2s Gd, 2 PI tVo Sl , S i nc]air (Waihola), 1 biilock £1- 15s,_ l £ll 12s 6d; southern client, 1 bullock £l4;. John Thomson (Green Island . 1 heifer £7 15s; John Allen (East Taieri). 1 cow £l2 10s; John Campbell Momona) 1 cow £9 los. The Otago farmers Co-operative Association of New Zealand sold: For R. Scott (Tuatapere) I bullock £lO 2s Gd, 2 £lB, 1 £ls 17s Gd’ wuo, 1 ?- 10 f;, 1 £ll 2s 1 £11; Walter Blackie (East Taieri), 2 bullocks H'l Renton (Mosgiel), 2 bullocks fn,l- S ri7 ih w ia c Gi ; ant ,T ( . outra m). 1 bul--1 £ }h H', wale (Lnnchills), 2 buli°0 Ck i9c J ra 1 1 £l ° 17s ed > 1 f 9 H d o’ ,Y V ‘ Llndsa y (Allanton), 1 bu ”? ck \ 2 H 7s - 6d ’, 2 heifelß £9 17s Cd, ?fq 10S) H £9 7 f 6d > I£B 155,"8 £8 10s, i to, btronach, Morris, and Co. sold; •i\ e o e L Ut i? rS T ate William Kirk (Mosgiel), 3 bullocks £ls 2s Gd; J. C. Renton (Mosgiel), 1 bullock £l4 ss, 2 £l3 7s Cd; J. Kane (Clarendon), 1 bullock £l3 2s Cd. 1 cow £8 17s Cd, 1 bullock £7 12s Cd; , 1I l ds “y (Allanton), 2 bullocks £l3, i 1 £l °- 1 £9 12s Cd, r n £ YnW ■M' Vr T lch£ ’ Stephenson, and Co sold For \V. Jamieson (Awarua), 2 bullocks £2l IQs, 2 £l9 Os, 3 £l7 15s; £l7 l9 o S ri ie o ?i ( i (Momona). 1 bullock H p V 2 9 ? 'n 2 , £H }r s; J - Renton (Mosgid). 2 bullocks £ls 7s Od; W. Blackie (Mosgiel), 2 £ls 10s; W. Lindsay (Allanr 0 / 1 p 1!^ 11 ° ck F 4 ' 1 cow £ H> 1 f l° 12s 7s ; fid‘ (RiKl F liff) - 2 blt,locks £ l3 is Gd, 2 £lO 2s Gd; Mrs W. Kirk (Mosgie!) 2 bullocks £l2 10s, 1 £l2; D. and V V B ~ r , DVoodside), 1 cow £D 12 s Gd, H £B HH 6tl V C r arl Miller (Pukehiki), I cow £9 ss; j. L. Mathieson (Highcliff), 1 bullock £8 12s Cd. 1 cow £7; G. E. c7°9 S 19 1-e o n ® e Ml* 1 heifer £8 10s, 2 1 t,l" 3 s G | i 3 r £ ° tj “Dalgety and Co. Ltd. sold; For Hcmpstalk and Brown Still: I £ b ;Tfi s w 3 ■« -• cipl', 1 I 8 , 15 ,?' \ £7; Blacki’o (ilosWF I ISs; exe cutors late W Kiri- l lo , SK \ el \ 1 bullock £lO 10s; VV. Knk (Kelso). 1 cow £8 17s Gd.— a 16 Aew Zealand Loan and Mercantile Agency Company, sold: For W. Kirk (Mosgie ) 2 bullocks £2O ss; W. Blackie •(Mosgiel), 1 bullock £l6; a southern client, 2 bullocks £ls 12s Cd 1 £lB 7« fid .£l2 7s Cd 1 £lO 12. Cd! 2 £lO L 7; $ 03 10s V n^'V’r 1 b V lloek £l4 10s, 2 j 3 , £ o Jf. 3, J. L. Cockburn (Lumsden). .2 betters £ll io s . 1 Store Cattle.—There was an entry of approximately 250 bead comprised cbmly of fiesh conditioned cows and vealers, and also a fair number of mixed three and four-year-old steers. Cow s and voafers were selling equivalent to recent rates but store bullocks were hardly so keenly sought after, fresh conditioned sorts with age making up t 0 f 13.—The Nation? Mortgage and Agency Co. sold: For Mrs £3 C lo s n °2 £2 d 6 S T / Waikola) ’ 11 calves v f? us, 1 steer £5 Ids, 1 £5 5 S - A. MCorkindale (Manuka Creek) 1 steer £5 7s Cd, 1 heifer £5, 1 £3 17 s 'Cd Creek) 1 & L W iada ! a , £2 T 7« fi, . \r. 7 rt n V >AT ort , hw,c k. 2 calves i 2 il r r J- MGiIl (North-East Valley), Foi" F°Cl^l^r DO, ] a d ? eid and Co - so ' ld : 1 T I- I ' B, 1 '’. eale r: £2 4s. I£2 Is, I £2, T Larkins (Pine Hill), 1 £1 ns"f £“> L 4s S Wl r (^? r F-r Taiol ' i) ’ I£2 10s£11 la’ V 1 6s ’ 1 : lelfcr £7 2s 1 bull ffi l l7^ol” cows £o Bs. 1 £5 Is, 1 bull f bid Inch : r e 7 Xe Tn or 6 T a , t,a Willia m Kirk, TinnrA i £7 10 ‘1 : John Allan (East Tiae i), 1 cow £0 10s, 1 Lull £l2; W Borthwick, l heifer £G I4s, 1 fo 2s 6d* uprf gQ w f °n, (Mosgiel), 1 £3 15s; w’. M ilastiG (Mornona), 1 cow £lO n ’ (AHantonL bell ] £ ,° 5s 5 Jokn CampPell, 1. £8 2s Gd, 1 £7 ss; T. Wishart (Henley), 1 £2 I2s; J. Kearnef (Brv--7 £5 I2s Gd, 1 bull £C- Mrs F Welham (Brockville). 1 bull £6 JS S - j' wief °£Ari]Mn e r'> £G 10s i WiUiam Borthwick (Milton), G cows £8 2s Gd, 1 £7 10s. c ■ j‘ le 0ta P° Farmers : Co-operative Association sold; For a client, 1 steer £l2a Taler i Gl^ nt ’ 9 H 1 2s 6d - 8 £lO 10s 8 £9 Os; W. Curran (West Plains) 1 r-m« £ll 15s, 9£9 10s; William Lindsa/ (Allanton), 1 £ll lOs, 2 £lO 15s, 3- £9 15s, LY 7 10s - ] ';ealer £3 14s. 230 s; John H L r enna -£ (Wyndhain). 4 cows £9 15s, 4 £ . 9 Robert Sim (“ S'eaview,” Cavershara), 2 £9 1 £8 17s Cd, 1 £8 10s. 1 £7 10s, John Black (Mataura). 1 heifer £lO t° S ’ i 1 f? 1 £S ’ 2£7 5s - 5 £7; W A Turnbull (Mosgiel), 1 cow £8; lan Ross (1-am lew), 1 heifer £9 ss, I£7 10s, l£s 12s, 1 veaier £3 2s 6d, 1 £2 14s, 1 £2 10s, 3 cows £4 15sHope Bros. (Aenthorn), I£7 15 S i£7 ini «« ■ 1 £7 10s. I£7 5 S ;’2 £6 5sS S 4sThomas Palmer (Taieri Month), 1 £7 II f’f9 £ 7 6 J F^t 1 . 05 ’ 1 bull £7 - 1 £ i- \ £ T 7s 6d; Tbomas Maxwell (Dunedin), 1 cow £6 12a Cd. 1 £C ss. 1 £5 2s l d ’rr a C } le ?r F £7 16s ’ I£6 4s - I£6 2s fW G ‘ ! 1 £5 A l7 ?' I£s 15 «: W. Dykes (Waverley, Anderson’s Bay), 1 bull £8 Ar ! 4 "• neivmaii (Momona), 1 £C 5sM'Ara Bros (Pine Hill), i£s is s . \y (blast Taieri), l C ow £6 10s; oiin tk i nd burners (as agents, Inverearw- ’ 1 1f - 1 £ 5: Robert Wilson (Riverside). 1 £5, 1 £4 ss; W L. Aelson (Glenesk), 9 £G 7s Cd; J 4 Wilson (Wyndham). C £5 19s 3 co ’7V Mrs Wardswortb (Port Chalmers) 2 HnF' 8 / 4 ?S G H George Poulter (Sawyers’ ? a / ’ l. c ? w , £2 18s : a client. B£4 15s; M h f9, N ri h °i S « F one Tree 'Pam), 5 £8 12s 6d, 1 £5 Ijs, 5 £4 12s* Grant fOutram) I veaier £3 10s; a client, A ls ~7~? r tlo " a cb, Morris and Co., sold, Lor J. M. Lllison (Puketeraki) 2 steers £3 10s, 12 calres £1 ss: a client, 1 yearling £3- Wright. Stephenson and Co sold: For Mrs A. Butler (Deep Stieam). C steers £l2 IGs, 3 £9 os, 4 £7 £4 h 3/ el 'l A I 7 -’ 1 -r 4 1 1 f s ; I£4 15s - I K £ '? lus - : J . Palmer (Taieri Beach) 7 steers £9 11s, 1 £6 Is; G E Gross (Greenfield). 2 £9 ss, 5 heifers £7 6s 2 cows £6; J. N. Sutters (Clyde) a heifers £6,1 £7 ss, 5 steers £5; J. h. Mathieson (Higlicliff), n £7. 9 heifers £5 10s, 5 steers £0 2s. 2 £4 13 s i row £7 6s, 1 £G 2s 1 £5 19s, 1 hull’ £6 ss; i ■ ara STjpiWriMrr?;'i a ? d ' I£i 2s ot i (H i g w h # K 1 stccr £7 16s. 1 cow £7; D. iir (Momona), 1 cow £7 10s, J i .r^ s » Scott and vSon (Purnsidia) 1 heifer £5 17s Gd; C. Miller (Pukeliiki)’ 9 In 13 « S: H L ; A - Taverner- (Make,,oj-: 7FiKf-^T S .i 8 -i £3 ‘i £ ?’ 2 £4: R| l?ar L . a f l alen b veaier £4 2s. I£2 6s, t I 1 10 1-1 b } ' l ’;; et . y nncl Co. sold; For James Edgar (lapanui), 1 cow £jj y s , 6 V b«fer £3 15s, 1 cow £3 12s 6d. I heifer £3 10s 1 voaler £2 17s Cd; N. Moore (rapanui), 1 cow £a, I £4 10s 1 £2 IsL. Arnold (Tapanui), 1 £G, ] £5 12s Cd, i -irfvfn’i b/rn 4 “ s P, d > 1 £2 < Bischner and A (/L apa,n,l .V 1 15 17s 6d; D. MBeath (Tapaum). ] stag £8 10s: John o-o (Cxi-cenhillsl 1 cow £lO 12s Cd “ £8 Ins 1 £ 7 15s, 1 £7. 1 £6 12s Gd, I to 11s; Hempstalk and Brown (Maheno). 2 real or s£3 4s. 1 steer £6. The New fYni-w L °T n r nnd Mm-enntilv Agency Co. sold. For J. .L. Cockburn (Lumsden). 7 bullocks £l3. 5 £ll os. 1 cow £5 17s Cd, 1 , t ,'T‘f er , £a 17s Od; Miss V. Anderson If £ v f7 P I ’ 1 T,, 17 ss: n cbent. 1 heifer f S Vp £7 H- E £ ® 13s l I£G Us. 2£7 17s Cd, L £ r 4s V 7 £4 4s - 1 £4 .; a client, 1 cow veaier o ‘j3 s Tllomsoll (Green Island), 1

Dairy Cattle.—Donald Reid and Co. sold: For George Westwood (Brighton), .f™.* 1 , 1 }3s. 1 £8 ss; Jack Goodall (Mornmgton), 1 £7. The Otago Far-Co-operative Association sold: For ¥ 08- , ( £ illG , Hill). 1 cow £l2 ss; A. K Miller (North J’aieri). 1 £l2; Gibson Bros. (North Taieri). 1 heifer fll Vii’ Tn «V A - Struther (Mosgiel). 1 £IJ 10s; client, 1 £9: Thomas Grant' Qntraml. Ibeifer i!); A. Porterfield (North-East Harbour). 1 £7.—-Stronar-h, Morris and Co. sold: For H. Foote (Purnl kfininl, 1 dairy row £lO 10s, 1 £lO ss. 1 no.— —Wright Stephenson and Co. sold; F or « J - i B -« B, J rth (Outrnni), 1 cow £l3 ss; Carter Bros. (Pine Hill), 1 £l3 2s Cd; “• H. Milligan (Wniwera South). 1 £9 T a 3 o ii £ f’ to l rf ’ -n K V. T,lomfirm (Green M«d). 1 £8; G. E. Cross (Greenfield), Calves.—Donald Reid and Co. sold: For 9- J; Crregorv (EovclFs Flat), 1 calf 225, I l ' )y isbc '} rt .. (Henley). I 10s, 1 12s; John Campbell (Moinona), 1 10s; client. _1 10s. The Otago Farmers’ Cooperative Association sold: For \ Williamson JNortb Taieri), 1 calf 40s; A. Pine (Table Hill Milton). 1 345, 1 30s; W. Dick (Pukehiki), X 1!)« 1 14s- ,T Robertson (Highcliff), 1 18s, 1 7s; S F* Wells (Dunedin), 1 15s; G. R. Farqnhar(Green Island), 1 12s/1 9s, 1 7s, 1 7s Gd;

W. Fox (Pine Hill), 1 6s 6cl. Wright, Stephenson and Co. sold: For C. Brenssell (Outram), 1 10s, 1 9s; J. Tregear (Mosgiei), 1 Os; J. Keowa (Tomahawk), 1 , s >, 1 6s 6d. The New Zealand Loan and Mercantile Agency Co. sold: For Miss M. Ross (North Taieri), 1 calf 225. Fat Sheep.—There was a fairly large yarding, numbering 2175, comprised principally of heavy sheep (ewes predominating), with a small proportion suitable for export. The sale opened under last week’s rates, and declined further during progress, closing fully 3s below opening rates. The average depreciation for heavy ewes could bo stated at 2s 6d, while wethers showed a drop of Is 6d compared with last sale. Exporters were paying equivalent values to last week. Quotations: Extra prime heavy wethers made up to 425; prime, 35s to 375; medium, 30s to 32s 6d; light, from 2Ga 6d. Extra prime heavy ewes realised up to 345; prime, 26s to 20s; medium, 21s to 235; light, from 16s- -The National Mortgage and Agency Company of N.Z. sold: For J Blair (Otara), 26 wethers 425, 19 39s 3d, 11 38s 3d; Stalker Bros. (Kelso), 16 wethers 30s, 17 31s 9d, 17s 30s, 12 29s 9d; P. Campbell (Wyndham), 13 ewes 345, 11 30s, 18 29s 3d, 15 2Gs 9d; E. H. Crnicfcshanks (Rongaherc), 18 wethers 34s 3d, 4 ewes 22s 6d; W. L. Milne (Otikarama), 10 ewes 32s Od, 19 27s 3d, 13 245, 15 21s; John Newlands (Incholme), 10 wethers 30s Sd, 31 20s 6d, 14 28s 9d, 5 31s 3d; W. J. Poison (Windsor), 1 wether 275, 14 ewes 21s 3d,. 6 26s 9d, 6 22s 6d, 11 22s 3d,- 6 20s; E. Haggitt (Mataura), 9 wethers 26s 3d. 6 ewes 22s 6d; T. H. Crawford (Mataura), 25 ewes 20s 9d, 20 235; J. Allen (Gore), 5 ewes 21s, 27 20s 3d;.8. Ross (Mataura), 15 ewes 21s 3d; W, Lawrence (Maheno), 17 ewes 23s 3d, 43 21s 9d; A. Farmer (Edievale), pen ewes 30s, 13 235, 27 21s 9d, 19 20s 3d; A. Sinnamon (Poolburn), 21 ewes 225, 22 20s, 21 16s; P. Fraser (Tuapeka West), 20 ewes 23s 6d, 18 23s 3d, 13 21s 3d. Donald Reid and Co. sold: For G. and J. Gumming (Arthurton), 20 wethers 40s 9d, 12 40s, 10 36s 9d. 16 36s 3d; J. S. Fleming and Co. (Titiroa), 19 wethers 395, 18 35s 3d, 10 32s 3d, 9 29s 9d; Arthur Twaddle (Balolutha), 9 wethers 38s, 20 345, 17 335, 8 32s 6d; G. Brook (Limesprings), 15 wethers 34s 3d, 12 32s 9d, 13 31s 3d; Alesandar Graham (Dumbarton), 9 wethers 33s 3d, 13 30s 3d, 10 29s Od, 21 30s 3d; J, N. Jaffray (Milton), 6 wethers 29s 9d, 16 29s 9d, 7 ewes 235, 6 20a Od; J. Gregory (Miller’s Fiat) , I ewe 31s 9d; Andrew Pitches (Ophir), 16 wethers ■ 295, 31 27s 6d, 18 265, 1 ewe 21s; James Gardyne (Milton), 4 ewes 27s Gd, 223 s 3d; E. Cameron (Taieri), 11 ewes 22s 3d, 7 19s 6d. -The Otago Farmers’ Co-operative Association of N.Z. sold: For J. W. and E. Crozier (Waitahuna), 12 wethers 40s 3d, 6 36 s 6d, 20 ewes 21s 9d; Southland Farmers' Cooperative (Gore) ns ageiits, 13 wethers 395, 14 345, 9 32s 6d, 2 rains £2 2s, 5 wethers 16s, 5 15s; George MTntosh (Chatto Creek), 1 truck wethers, 3Ss 6d; F. Doherty, sen. (Outram), 4 wethers 28s, 5 ewes 21s, pen wethers 30s, 10 ewes 9s; John Labes (Waitahuna), pen ewes 275, 4 20s 3d; William Clark (Kelso), 7 ewes 2Gs, 15 25s 3d, 6 22s 3d, 20 21s 6d, 14 20s 6d; Alexander Campbell (Milton.i, 7 ewes 23s 6d; W. Sutherland (Waitahuna), 9 wethers 33s 9d, 16 20s, 4 255; J. Blackie (Waitahuna), 2 ewes 275; A. Edwards (Waitahuna), pen ewes 28s 9d; J. A. Wallace (Waitahuna), 4 ewes 225, 4 IBs 6d; J. P. Gardiner (Green Island), 2 wethers 365, 2 ewes 21s; F. Doherty, jun. (Outram), 5 wethers 30s, 9 ewes 21s| 2 E. O’Reilly (Opoho), 9 wethers 265; J. Nyhon (Sandymonnt), 40 wethers 295, Stronach, Morris, and Co. sold; For J. S. Fleming and Co. (Titiroa, J. E Watson and Co., Ltd., Invercargill, as agents), 11 wethers 37s 9d, 9 30s; Gordon Hjiy (Brydone), 11 ewes 355, 24 28s 9cl, 17 28s 6d; P. Toomey (Waikouaiti), 12 wethers 30s, 19 29s 9d, 23 20s 6d; Ralph Brock (Merino Downs), 8 ewes 28s 3d. 13 245, 22 22s 9d, 14 21s 6d. Wright, Stephenson, amd Co. sold: For Carterhope Estate (Warepa), 13 wethers 42s 3d, .13 39s 6d, 10 ewes 30s, 6 25s Od, pen wethers 31s 6d; 6. Fox (Waimahaka), 18 wethers 39s 6d, ,20 365, 19 325, 3 ewes 25s 3d; W. Ayson (Waikaka), 22 wethers 37s 3d, 10 ewes 33s 6d, 4 28s, 3 24s 9d, 11 24s 6d; R. Dagg (Woodlands), 15 wethers 37s 9d, 17 365, 17 33s 9d. 15 32s Gd; Mrs A. E. Bunn (Rongahere), 16 wethers 355, 11 29s 9cl, 11 ewes 20s; K. 6 M’Kenzie (Wa>mahaka), 10 ewes 34s 6d, 9 31s 3d, 7 335, 11 25s 3d, 7 28s, 7 265, 6 wethers 365; C. Watson (Coal Creek Flat), 19 wethers 345, 22 31s Gd, 19 30s 3d; J. W. Fenton (Menzie’s Ferry), 18 wethers 32s 3d, 22 30s 9d,'20 29s 3d; John Miller (Maungatua), 3 wethers 30s,' 10 ewes 25s 3d, 4 245, 14 235; J. S. Miller (Palmerston), 19 ewes 245, 20 21s 9d, 20 21s; W. J. Richards (Maungatua), 12 ewes 21s 6d, 9 20s; E Quelch (Waikouaiti), .6 ewes 225, 30 21s 3d, 26 19s 6d; J, P. Gardiner (Green Island), 5 ewes 19s?——Dalgety and Co. sold: For.G. J. Fox (Waimahaka), 20 wethers 395, 20 365, 11 ,29s 9d, 2 ewes 22s 3d; J. Mnirhead (Otautau), pen wethers 37s Od, 15 ewes 30s, 13 ewes 28s 3d, 14 265, 10 23s 3d; D. J. Heenan (Nightcaps), 14 wethers 355, 24 325, 9 30s Gd, 13 ewes 21s; Miss P. Edwards (Tapnnui), 6 ewes 26s 6d; W. Mawhinney (Ranfnrly), 3 ewe s 31s, 12 22s 6d, 22 21s 9d, 8 30s 3d.——New Zealand Loan and Mercantile Agency Company sold: For George Grey (Clarendon), U wethers 375, 0 34s 3d, 9 31s; R. Mitchell (Outram), 6 ewes ISs; H. Johnson (Greenmeadows), 14 wethers 335, 25 32a 3d, 17 325. pen ewes 30s. Store Sheep.—Donald Reid and Co. sold: For C. Bunbury (Abbotsford), 54 ewes Gs. Fat Lambs.—There was a small yarding of approximately 528 of medium to prime quality, with a small proportion of plain and unfinished. Prices were firm at lasi week's rates. Quotations; Prime lambs to 32s 6d; medium. 26 s to 28s 6d; light, a °- ,n “^ s " The National Mortgage and Agency Company of New Zealand sold: lor B. Ross (Mataura), 22 325, 10 30s 6d, 7 29s 9d, 11 28s 3d; J. Allen (Gore), -2 30s 9d, 8 17s 9d. Donald Reid and Co- sold: For E. Henry (Motaku), 15 lambs 29s 6d; Mrs C. Wisely (Milburn) 6 28g 9d, 18 28s 3d; James Lowery (Mil*on o \: 295; Alex Campbell (Milton) 5 _lis _9d. —The Otago Farmers’ Cooperative Association sold; For F Doherty, sen. (Outram). 7 lambs 30s. 16 ~l s > J- P- Gardiner (Green Island). 7 235; F. Doherty, 31m. (Outram), 3 23;

James Leyden (Saddle Hill), 17 21s, 19 20s, 216 s 9d. Stronach, Morris, and Co. sold: For P. Toomey (Waikouaiti), 1 lamb 35$ 3d, 10 to 23a 6d; Mooche and Bilton (Lowburn Ferry), 1 30s 3a 26 to 225; Miss M. E. Manson (Bannockburn), 60 to 20s 9d. Wright, Ste-ihen-son, and Co. sold; For W. J. Richards (Maungatua), 10 lambs 34s 3d, 17 31s, 3 24s 6d; J.Henry (Taieri Beach), 225 s 9d; H. M. Jackson (Hampden), 2 255, 4 23s 3d. ,7 20s 9d, 3 19s 6d; J. P. Gardiner (Burnside), 17 215.; Dalgety and Co. sold: For John Imrie (Mosgiei). 3 lambs 30s 3d; T. H. Edwards (Tapanni), truck lambg up to 32s 9d. Fat Pigs.—The National Mortgage and Agency Company sold: For George Goodwin (Goodwood), 1 pig £4, 1 £4 Is, 2 £2 17s, I£2 6s, I£2 3s, 210 s Gd, 3 7s, 1 4s 6d Donald Reid and Co. sold: For a Southland client, 4 pigs £4 7s, 1 £4 4s, 1 £4 Is, 7 £4, 9 £3 Is, 1 £3 10s, 1 £3 7s, 3 £3 4s, 1 £3 4s; Thomas M‘Nab (Tahatika), 4£3 4s. The Otago Fanners’ Co-operative Association sold: For F Ibbptson (Owaka Valley), 4 pigs £4 4s; M, E. Lowery (Glenore), 1 £4 2s; J. G. M'Leod (Mosgiei), 1 £3 18s, 1 £3 14s; A. Murdock (Green Island), 2 £3 17s; J N. Lowery (Glenore), 1 £3 10s; J.B.Kennedy (Mosgiei), 1 £3 ss, 1 £3 10s; 2 £2 19s; A. Moynihan (Momona), 1 £3 12s; 6. Bush (Brighton), 2 £3 4s; Sonntag Bros. (Brockville), 1 £3 2s, 2 £3; J. Johnston (Green Island), 6 £2 10s, 1 £2 Bs, 1 £2 ss. -—-Stronach, Morris, and Co. sold: For Orokonui Home (Waitati), 10 pigs to £3 10s.——Wright, Stephenson, and Co. sold: For J. R. Prescott (Allanton), I pig £3 12s; Lynn Bros. (Wylie’s Grossing), 3 £3 10s; Miss Benson (Pine Hill), 2 £3 ss; G. Middleditch (Sawyers’ Bay), 2 £3 3s; C. Brenssell (Outram), 1 £3 2s; Sonntag Bros. (Brockville), 2 £2 19s. Store Pigs.—Donald Reid and Co. sold: lor J. Clark (Cavershatn), 2 pigs 245; A. C. Wheeler (Momona), 4 5s 6d; client (Henley), 4 Bs, 3 6s; J. Gregory (Wara--3 11s, 210 s, 2-7 s; Mrs Wilson (Bun;jide), 5 10s. The Otago Farmers' Co-operative Association sold: Pbr J Taverner (Burnside), 1 pig 18s 6d: J. B. Kennedy (Mosgiei), 1 15s 6d, 7 11bA. Ralston (Momona), 3 15s. I 12s 6d; J. Johnstone (Green Island), 2 8s; client. * 7s '~ —-Stronach, Morris, and Co. sold: L? r Palmer (Taieri Mouth), 2 nigs 17s ' ? 16s; A. Higgle (Kuri Bush), 212 s; client, sto 13a 6d. Wright, Stephensern, and Co. sold: For Mrs M. A. Tubman (Puketeraki), 9 pigs 16s. CHEAP MEAT. We sell only prime ox beef, wether dairy-fed pork; for quality the cheapest shops in town. VVe specialise in orders from country resia~r® aI 1 sbur y Butchery Shops, Stuart 4d t 1 ’ George street * and Princes street.—