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COMMERCIAL.

AUSTRALIAN MARKETS. SYDNEY, May 11. Wheat:. Shippers, 3s sd; millers, 33 &idFlour, £8 10s. Oats: Algerian—feeding 2s 3d to 2s sd, seeding 2s 7d; spaxrowbiUs, 2s lOd; giants, 2s s lid. Barley: Cape, 2s 6d to 2s 8d; English, 2s 3d to 2s 6d. Maize,, & 7<J to 2s 9d. Bran and pollard, £6. Potatoes: Tasmanian, £6 10s to £7 ss. Onions, to £2 15s. Butter, 92s Cheese, sid to 6d. Bacon, 6W. MELBOURNE, May 11. The bide market is fkim, and' prices are unchanged at larto. rates. Oaten hay: Pressed for chaffing and sheaves, £2 10s; manger sheaves, £3 15s; dumped hay, none in the market. W T heat, 3s -cd to 3s 6id. Flour/ £B. Oats: Algerian—-feeding Is ll£d, milling 2s 3 2 d. Bariey; Prime malting English, ss; Cape, 2s sd. Maize, 2s sd. Potatoes; £5. ADELAIDE, May 11. : Wheat, 3s sd. Flour, £7 10s. Bran and pollard, £4 10s. Oatß, 2s 3d, SOUTHLAND MARKETS. CFaoM Ora Own Coeeespondenl',) INVERCARGILL, May 13. The stock market has shown an improvement so far a« fats are concerned 1 , butchers' wethers selling a+ up to 19s for forward delivery. Fat lambs are selling at per lb delivered at the works, good forward lambs making from 10s 9d to lis 6d, and ordinary store lambs from 8s 6d to 10s. Young ewes are selling at 16s to 17s, but very few are now offering. The cattle market is firm for all classes, beef ruling from 37s to 39s per 1001 b for prime ox, and f rom 30s to 33s for cow and heifer. Good forward oattle are selling at from £7 to £8 10a, and for this class there is a very good demand, but the quantity offering is by no means large. Younger classes of oattle with breeding have been selling fairly well, yearlings making up to £3 5s and two and 25-year-old steers and heifers up to £4 10s. '

ADDINGTON STOCK MARKET. CHRISTCHURCH, May 10. At the Addmgfon live stock market there ■wae a large entry of stock, and a good attendance. Fat cattle sold at the previous week's rates. Store sheep and fat lambs were much firmer. Fat sheep sold well, notwithstanding an exceptionally large entry. Store cattle and pigs were dull of sale, but dairy cows were m active demand. There was a further decline in the number of store sheep yarded, and there was an improved demand for Al classes. Ewes formed tlhe principal portion of the entry, mostly of a moderate quality, the balance being made up tf inferior to good lambs and a few lots of wethers. The oompetitiatL of several of the South Canterbury buyers assisted to improve the tone of the imarket, and the fale was brisk throughout. The demand was chiefly for young and sound•mouthed ewes, and prices for these were better by Is to Is 3d per head, compared with the previous week. Lambs also improved in price to the extent of 9d per head, while good wethers were firm at late rates. The range of prices was: Two-tooth ewes, 12s to 12s sd; small halfbreds, lis 3d; two, four, and six-tooths, 10s to 10s 3d; four, , six, and eight-tooths, lis; sound-mouthed, 8s od.to 10s 6d; full to failing-mouthed, 5s 6d io 7s 6d; culls and aged, 3s to ss; medium lambs, 7e to 8s; others, 5s 6d to 6s 6d; halfbred (ewes), 12s 6d; crossbred (ewes), 9s; culls, 4s 9d; medium wethers, 11a to lis 6d. The yarding of fat lambs totalled 7199, or about the same as last week, of very mixed quality, ranging from prime down to inferior. Included in the entry were several pens of show lambs from Rangiora, which sold at 16s 6d to 19s. The sale was a brisk one, and prices showed an appreciable «dvance on late rates. The rise was due to cable advice of a rise in wool, and the coming in of the winter freezing rates and (freights. There were 6856 taken for freezing at 9s to 16s 7d. and one pen at 18s Id, 210 bv butchers at 10s 6d to 15s 4d, and £xtra to 19s, and 127 were passed at lis Id ;bo 13s Id. , The yarding of fat sheep was g- Very large one, and the quality was on |h© Average better than l of late, there not being iuoß a. large proportion p| old and un* I

finished ewes. The bulk of the entry consisted, however, of ewes, wethers again being in short supply. The market opened well, the West Goast buyer's operations assisting to firm the market. After he had completed his purchases the market fell back to last week's level of prices, though the sale continued fairly brisk, especially for good wethers and for ewes above lis per head in value. Old and unfinished ewes were more difficult to disoc.se of. Owing to the very large entry, the- sale was not over till a late hour/ There was a good demand for export in consequence of the winter freezing rates, being now in, ana notice having been given that after the end of the month ewes will have to bo sold with a guarantee that they are not in lamb. The range of prices was: Prime wethers, 16s 6d to 21s 6d; extra, 23s 9d; lighter, 13s to 16s; prime ewes, 133 6d ix> 17s lOd; medium, lis to. 13s j aged and light, 5s 9d to 10s 6d; prime merino wethers, 14s 9d to 175.There were 324 head of fat cattle penned, of generally good quality, and including several lots of very prime heavy bullocks. There was a steady" demand throughout, and the late prices were well maintained. Steers made £7 16s to £ll 2s 6d J extra, £l3 to £l4 10s and £ls ss; heifers, £5 7s 6d to £8 10s; cows, £5 to £lO lOs—equal to 25s to 29s for prime, 22s to 23s 6d for medium, and 21s to 21s 6d for cow and inferior per 1001 b. Veal calves made 4s 6d to 55a, and extra to £4 15s, there being a number of well-grown animals offered. There was a moderate demand for the few store cattle yarded, yearlings making 255; 15 to 18 months, £3 7s 6d; two-year steers, £3 7s 6d to £4 ss; two-year heifers, £3 10s; three-year heifers, £3 19s to £4 15s; and dry cows, 20s to £4 ss. Dairy cows were in keen demand at £3 10s to £lO, and extra to £l2. There wae a fair entry of all classes of pigs, and' at'the opening of the sale fats Sold well, but as it advanced the demand fell off considerably. Choppers made up to 70s; heavy baconors, 50s to 555; and smaller, 35s to 47s 6d —equal to 4d per lb; large porkers, 27s to 325; and lighter, 22s to 25s—equal to 4Ad to per lb. There was a poor demand for store pigs, medium sorts making 15s to 20s: smaller, 7s to 12s 6d; and weaners, Is 6d to 6s and 7s.

LIVE STOCK AND PRODUCE MARKET.

v Burnside, Wednesday, May 10. Fat Cattle.— There wag a medium yarding of 150 head, there being very few prime bullocks forward. Bidding was a little more spirited than Tast week, but prices were about the same. Best bullocks brought from £io 10s to £ll 15s, extra heavy to £l3 17s 6d; medium to good, £8 5s to £9 10s; light, £6 10s to £7 15s; best cows and heifers, £8 to £9; medium to good, £6 5s to £7 10s; light and inferior, £4 10s to £5 10s.— — Stronaoh, Morris, and Co. (Ltd.) yarded and sold: For Mr Walter Blackie (Glasgow Farm), 2 heifers at £6; Mr A- W. Douglass (Tumai), 2 light steers at £5 10s, 1 heifer at £3 17s 6d, 2 do at £3 10s; a client, 1 heifer at £6 15s, 1 do at £6 2s 6d. ■ New Zealand Loan and Mercantile Agency Company (Ltd.) yarded and sold 40: For Mr J. F. Mitchell (Stirling), 9 bullocks to £l3 17s 6d (top price to-day), 7 heifers to £lO 2s 6d; Mr J. Dove (East Taieri), 5 bullocks at £9 7s 6d; Mr A. H. Douglass (Waikouaiti), 1 pen bullocks at £8 12s 6d, 7 pens heifers to £7 15s. Donald Rekl and Co. (Ltd.), yarded 27, and sold.: For Mr William Lindsay (Alktnton), 7 heifers at £7 7s 6d to £5 15s; Mr A. Aitoheson (Hampden), 4 heifers at £6 17s 6d to £5 2s 6d, 1 bull at £5 15s; Mrs Walters and Son (Berwick), 1 cow at £lO ss; Mr H. T. Jaffree ißorwick), 3 heifers at £6 7s 6d to £5 10s; Mr George Graham, jun. (Berwick), 7 heifers at £6 10s to £4 7s 6d; Mr F. C. Andrews, Mr Thomas Adam, and l 'others, 4 cows at £6 12s 6d to £6 7s 6d. National Mortgage and Agency Company of New Zealand (Ltd.) yarded and' sold: Fox Mr J. Rose, 3 oullocks at £9 17a 6d, 4 do at £8 12s 6d; Mr W. Jenkins, 4 yearlings at £2 10s. Otago Farmere* Co-operative Association of New Zealand (Ltd.) yardted 21 head, and sold: For Mr W. J. J. Charters, (Ury Park, Mosgiel), 3 bullocks £l2 ss, 2 do at £9 12s 6d, 2 do at £8 7e 6d, 2 do a* £7 12s 6d, 2 do at £7 ss; Mr J. C. Renton, jun. (Mosgiel), 2 bullocks at £l2 2s 6d, 4 heifers at £8 lQsj Mr W. Lindsay (Allantonk 1 bullock at £lO, 1 heifer at £9 17s 6d, 1 cow at £5 15s; Mr Thos. Edwards (North-East Harbour), 1 cow at £7 12s 6d; Mr A. Sidey (Coretorphine). 1 heifer at £4 17s 6d.—-Daigety and Co. (Ltd.) soldi For Messrs R. Craigie and Sons (Henley), 4 pens heifers to £9 15s; Mr G. J. Fox (Waimahaka), bullocks to £lO 7s 6d, heifers to £9 10s; Mr W. G. Scott (Mataura), heifers to £8 10s. Wright, Stephenson, and Co. (Ltd.) yarded and sold: For Messrs Sinclair Bros. (Titri, Waihola), 7 bullocks and heifers at tup to .£l3 2s 6di; Mr W. M. Matheweon (Paerau)?ls bullocks and heifers at up to £lO 7s 6d; Mr J. C. Renton, 2 bullocks at £lO 7s 6d; Mr W. Lindsay (Allanton), 2 heifers at £8 2s 6d; W. Blackie (Mosgiel), 5 bullocks and heifers at up to £9 7s 6d; Mr Geo. Crawford (Kuri Bush), 1 heifer at £5 7s 6d; Mr A. W. Douglass (Waikouaiti), 8 steers at £8 lis, 14 cows at up to £5 10s; Mr R. Ings (Anderson's Bay), 6 cows at up to £3 7s Id; Mr Jas. Dickson (Kuri Bush), 1 cow at £7 2 6d, 1 do at £7; Mr F. W. Petrie (St. Clair), 1 cow at £4 17s 6d, 1 do at £4 12s 6di; Mr G. Johnson (Brockville), 1 cow at £2 7s 6d; Mr A. Crawford (Green Island Bush), 1 heifer at £1 17s 6d; Mr Jacob Graham (Higholiff). 1 cow at £1 Bs, 1 do at £l. 2s; Mr M'Meekin (Highcliff), 1 cow at £1 ss; a client, 1 cow at £5; various clients, 5 calves at up to £l. Store Cattle. —Stronaoh, Morris, and Co. (Ltd.) yarded and sold: For Mr John Moloney (Burkes), 1 cow at £5 13s, 1 do at £4 13s, 1 do at £3 14s; Mr George Offen (IPort Chalmers), 5 cows to £3 14s.—New Zealand Loan and Mercantile Agency Company (Ltd.) penned 58, and sold: For Mr A. W. Douglas (Waikouaiti) and others, 24 bullocks to £7 10s, 31 steers and heifers to £5 8s 6d, cows to £3 lis.—Donald Reid and Co. (Ltd) yarded 18, > and sold: For Messrs George 'Graham, jun. (Berwick), George Graham, sen. (Berwick), H. Jaffre© (Berwick), Shale Bros. (Fairfield), W. Townley (Highcliff), heifers to-£5 10s, cows to £4 15s. National Mortgage and Agency Company of N.Z. (Ltd.) yarded and sold: For Messrs Alex. Bounces (Temuka), and others, steers to £6 10s, bulls to £5 10s, cows from 30s to £3 18s ; —The Otago Farmers' Co-operative Association of New Zealand (Ltd.) yarded and sold: For Mr W. Thompson (St. Clair). Mr Whittleston (Abbott Hill), Mr Thoe Prypr (Anderson's Bay), Mrs Rutherford (Kaikorai Valley), and clients, bulls to £5 10s, cows and heifers to £4. Dairy Otago Farmers Cooperative Association of New Zealand (Ltd.) jlnned and soldi! For Mr Andrew. M'GiU

(Green Island), Mr W. Gourlay (Anderson's Bay), and clients, cows to £8 12s 6d. Calves. —Stronach, Morris, and Co. (Ltd.) yarded and sold: For clients, calves from 15s to 20s. Donald Reid and Co. (Ltd.) yarded and sold: For Messrs George Griffiths (Green Island), James Hickey (Kuri Bush), Sinclair Korner (Wingatui), Rd. Mitchell (Portobello), W. T. Connor (Brighton), David Poland (Green Island), James Donaldson, and others, calves from 32s to 3s 6d.

Fat Sheep.—There was a very large yarding again to-day, 4427 sheep being penned. A very largo percentage were ewes _of medium quality, not many wethers being forward. Bidding lacked animation, and prices showed a drop of Is to Is 6d for Wethers and 2s to 2s 6d for ewe*. Best wethers brought from 18s to 19a 6d; extra, 21s 9d to 22s 6d; medium to good, 15s 6d to 17s 6d; light and inferior, 12s 6d to 149 6d; best ewes, 14s to 16s 6d; extra good, to 20s 6d; good, Us 6d to 12s 6d; light and inferior, 8s 6d to lQs.-r—rStronaoh, Morris, and Co. (Ltd.) penned 520* and sold: For Messrs R. Craigie and Sons (Henley), 1 pen wethers at 24s 6d; Mr 0- H. Stewart (Westwood), 40 ewes at 13s 6d, 22 do at 103 9d; Mr W. Swale (Limehills), 56 eweg to 14s; a southern client, 6Q ewes to 10s; Messrs Edio Bros. (Edievale), 62 ewes at quotations; Mr James M'Leod (Milton), 60 wethers to 18s 6d; Mr H. West (Belmont), 50 ewes to 10s; a northern client, 82 wethers and ewea to 17s 6d. New Zealand Lean and Mercantile Agency Company (Ltd.) penned 847, and sold: For Mr John Adam (Lovell's Flat), 29 wethers at 22s 6d (top price today) ; Mr A'dam Johnston (Kaihiku), 60 wethers to 21s 3d; a southern client, 59 ewes to 20s 6d (top price to-day), Mr Wm. MiUer (Taumata), 60 wethers to 18s; Mr C. J}. Rowe (Clinton), 123 wethers to 17s; Mr T. Hitchon (Adam's Flat), 30 wethers at 17s 9d; Mr George Grey (Clarendon), 43 wethers. to 16s, 1 peri ewes at. 15s 9d; Messrs M'Murrav and Guthrie (Greenvale) 60 wethers to 16s 3d; Messrs Sheddan and Sons (Willowbank), 60 wethers to 16s; Messrs Hunter, Sutherland, and Rice (Wyndham, as agents), 1 pen ewes and wethers at 16s 9d, 44 ewes to 13s 6d; Messrs Tcdd Bros, and Co. Ltd. (Beriot, as agents), 116 ewes to 14s 3d; Mr T. Wright (Raeside), 77 ewes to 12s; a client, 70 ewes at quotations. Donald Reid and Co. (Ltd.) penned 808, and eold: For Mr Jas. Hartstonge (Kononi), 81 wethers at 19s 6d to 17s 3d, 40 ewes at 12s 3d; Mr .J. C. Miliken (Mataura), 60 wethers at 16s 6d to 15s 9d; Mr Jas. Anderson .(Lovell's - Flat), 20 wethers and ewes at, 14s to Us 9d; Messrs J. and Pt. Milner (North Taieri), 23 wethers and ewes at 17s to 13s 9d; Mr W. J. Asher (Lovell's Flat), 25 wethers and ewes at 13s; Mr S. Hagan (Lovell's Fiat), 15 ewes (Gore), 12 wethers at 16s 6d, 48 ewes at 13s 3d to lis 6d; Mr John Heads (Milburn), 13 ew.es at 12s 6d; a client, 65 ewes at lis 6d to 10s 6d; Mr R. Mitchell (Portobello), 115 wethers at to 16s 9d, 50 ewes at 8s 3d; Mr J. Gardiner (Green Island), 12 ewes at Us 3d; Mr J. A. Hunter (Green Bush), 22 wethers and ewes at 12s 9d; Mr T. -O. Ellis (Merrivale), 60 wethers at 15s to 14s 3d; Mr A. Wisely, jun. (Clarendon), 13 ewes at 13s; a client, 74 ewes at 10s, 105 wethers at 14s 3d; and turned out 60 sheep unsold.—--The National Mortgage and Agency Company of New Zealand (Ltd.) yarded 677, and sold: For Messrs Smaillßros, (Moa Flat), 60 wethers to 18s 9d.; Mr W. M'Donald (Heriot), 56 ewes at 17s; Mr C. Cooper (Gore), 33 wethers at 17s 9d, 27 ewes at 13s; Mr R. Robinson, jun. (Otokia), 23 wethers at 16s 9d, 43- ewes at lOe; Mr J. T. Rosa, 46 wethers at 17s 9d, 11 ewes at 14s- 9d; Mr R. Tout (Clydevale), 65 do to 13s 9d; Mr A. Brown, 28 wethers at 13s 9d; Mr J. Sloan (Poolburn), 57 Owes and wethers at 15s; Mr T. Ormond 8 ewes at 18s 3d, 49 do at Us 9d; Mr D. Stalker (Edendale). 60 wethers at 18s 9d; Mr W. Swale (Limehills), 56 ewes to 16s.——The Otago Farmers' Cooperative Association of New Zealand (Ltd.) penned and sold t For the Southland Farmers' Co-operative Association, Gore (as agents), 59 ewes to 20s; Mr T. H. Russell (Lime Kiln Farm, Milburn), 30 wethers at 18s; Messrs D. Peat and Sons (Sutton), 51 wethers to 17s 9d, pen ewes at 9s; Mr P. Shea (Wedderburn), 42 wethers at 14s 9d, pen ewes at Us; a client, 65 owes to Us 3d; Mr S. White (Ranfurly), 30 wethers at 10s 9d. pen ewee at quotations. Dalgety and Co. (Ltd.) yarded 976, and sold: For Mr R. M'Pherson (Belmont, Tapanui), 4 pens prime wethers to 225, 2 pens prime owes to 21s 9d; Mr J. D. Rodger (Tapanui), 3 pens ewes to 18s; Messrs Doull and Sons XHenley), pen wethers 16s 6d, 2 pens ewes at 16s; Mr W. Hall, jun. (Patearoa), wethers at 18s 6d. ewes at 10s; Messrs R. Sheddan and Sons (Waikaka Valley), wethers to 17s; Mr J. H. Wilson (Ida Valley), wethers to 16s, ewee to 9s; Mr Ballingall (Sutton), wethers to 14s 6d; Mr W. Swale (Limehills), wethers at 15s 6d; Mr G. Sutherland. (Lauder), wethers at 14s 6d; Mr A. D. Bett (Hillend), ewes to lis 9d; Mr H. Mee (Becks), ewes to lis 6d. Wright, Stephenson, and Co. (Ltd.) penned 606, and sold: For Mr Paton Dunlop (Heriot), 23 wethers at 17e 3d, 35 ewes at 15s 6d; Mr W. D. Naylor (Ida Valley), 50 wethers and ewes to 17s; Mr Nicholas Kelly (Oteapua, Estate), 100 ewes to 16s; Mr R. Fleming (Craigsford), 43 ewes at 12s 6d, -26 do at 10s; Mr D. Borrie (Papakaio), 63 ewes to Us 9d; Mr J. F. Roberts (Waitahuna). 53 ewes at 9s; Mr R. Mitchell (Portobello), 56 ewee at 9s; Mr W. T. Matheweon vKokonga), 38 ewes' at 9s 3d, 14 do at 9s; a client, 9 ewes at lis 6d.

Fat Lambs. —1180 were penned. Although the numbers offering have eased somewhat, the quality all through was very fair. Exporters were not at all keen to buy, and prices ruled about the same as last week. Best lambs brought from 13s to 14s 3d; extra, to 15s 9d; good, 10s 6d to 12s. Stronach, Morris, and Co. (Ltd.) penned and sold: For Mr Wm. Craigie (Henley), 1 pen lambs at 15s 3d; Mr Wm. Hall, jun. (Patearoa), 43 lambs at 135,.88 do at 12s, 24 do at 10s 6d. rNew Zealand Loan and Mercantile Agency Company (Ltd.) penned 223, and sold: For Messrs M'lndoe Bros. (Clinton), 136 at 15s 9d; Messrs Hunter, Sutherland, and Rice (Wyndlham, as agents), 1 pen at 15s 3d; Mr D. A. Drinnan (Milburn), 25 at 13s; a client, 20 at 12s; Mr 0. A. Burnett (Manuka Creek), 39 at quotations. Donald Reid and Co. (Ltd.) penned 170, and sold: For Mr A. Wisely, jun. (Clarendon), 53 at 14s 9d to 13s; Mr James Anderson (Lovell's Flat), 32 at 12s 9d; Mr A. Tweed (Lovell's Flat), 14 at 12 s 6d; Mr W. J. Asher (Lovell's Flat), 25 at 13s 3d to Us} Messrs J, and R. Milner (North Taieri). IT at 10s 9d'; Mr John Heads (Milburn), 5 at 12s. 6d; Mr J< (Jar-

diner (Green Island), 24 at lis 6d. National Mortgage and Agency Company of New Zealand yarded and sold: For Mr J. Sloan (Poolburn), 13 at 12s; Mr A. Brown, 47 at 12s; Mr J. T. Rose, 49 at 12s 9d, 36 at 12s 3d. Otago Farmers' Cooperative Association of New Zealand (Ltd.) penned 137, and sold: For Mr Wm. Finch (Milhurn), 17 lambs at 14s 3d; Mr J. L. Newbegging (Moneymorej, 80 lambs to 13s; Mr P. Shea (Weddc-rburn), 16 lambs at 12s 6d; Mrs S. White (Ranfnrly), 24 iambs at 7s 6d- Dalgety and Co. (Ltd.) yarded 407, and sold: For Mr W. -Hail, jun. (Patearoa), 4 pens to 14s; Mr J. H. Wilson (Ida Valley), lambs to 13s; Mr A, D. Bett (Hillend), lambs to 13s 6d; Mr Ballingall (Sutton), lambs to 13s 9d; Mr H. Mee (Becks), lambs at Us J Mr G. Sutherland (Lauder), lambs at lis.——Wright, Stephenson, and Co. 'Ltd.) sold: For Mr Jamea Hoare (Kyeburn), 48 at 12s 3d, 24 at Us 6d: Mr W. T. Mathewson (Kokonga), 18 at 12s; a client, 38 at 10s 9d, 24 at 9s 3d. Pigs. —About 100 were penned) the majority being b&ooners i&nd pOrkew. trices for suckers and stores wore slightly better, whilst porkers and baconerß showed a good rise as compared witib. last wepk. j-hickers brought from 4s 6d to 8s; slips :.0s 6d to 12s 6d; stores, 18s to 20s 6d; porkers, 29s to 375; light baooners, 38s to 45sj heavy baooners, 47s to 61s.—Stronaofa, Morris, and 60. (Ltd.) penned and sold: For Messrs R Craigde and Sons (Henley), 3 baooners at 6ls, 2 do at 60s, 1 do at 595, 1 do a't 535; Mr I). Millar (Henley), 1 porker at 325, 2 do at 30s, 4do at 21s. Donald Reid and Co. (Ltd.) yarded 46, and sold: For Messrs Harris and Brown (Leith Valley) 4 at 3ts to 275; Mr Wm. Lindsay (Alknton), 2 at 49s to 48s; Mr J. P. Gardiner (Burhsrde), 4 at 36s 6d to 19s; Mr E. Edmonds 'Leith Vallev), 10s at 47s to 31s; Mr S. B. Carpenter (Burnside), 1 at 30s; Mr F. Kropp (North-East Valley), 1 at 28s; Mr William Sherwell (Sawyers Bay), 3 at 20a to 8s 6d; Mr E. MickelsOn (Waihao Downs), 15 suckers at lis to 8s 6d;,Mr William Baird (Allanton), 6 at 12s 6d to 8s 6d.——The Otago Farmers' Co-operative Association of New Zealand (Ltd.) penned and eold: For Mr F. James (Middlemarch), 2 pigs at £2 lis, 2at £2 8s; Mr H. Bayley (Anderson's Bay), 1 pig at £2 ss; Mr F. Kropp (NorthEast Valley), 1 pig at £1 U*J Mr T. Casey (Mount Cargill), 2 pigs at £1 10s; Mr W. H. Thompson (St. Clair), % pig at 9s, Dalgety and Co. (Ltd.) eold: For Mount Roval Estate (Palmerston), 20 pigs to £2 16s!- Wright, Stephenson, and Co. (Ltd.) yarded and sold: For Mr W. W. Reid (Outram), 1 at £2 17s; Messrs Young and Brookes (Anderson's Bay), 6 at £2; Mrs Feegan (Brighton), 2at £2 6s; Mr D. Poland (Green Island), 1 at £2; Mr T. Murphy (Pine Hill), 1 at £1 19s; Mr T. Casey (North-East Valley), 2 at £1 12s; Mr F. Kropp, 1 at £1 9s 6d. Sheepskins.—At Tuesday's sale medium catalogues were offered all round There was a large attendance of buyers and competition was very keen. Pelts and lambskins showed a rise of about id T©r lb, whilst other" sorts- fairly held their own. Quotations: Best halfbred, 7d to 7|d; medium to good, 6d to 7d; inferior. 4£d to s|d; fine crossbred, 6id to 7d; coarse 6d to 6jd; inferior, 4£d to s£d; best pelts, 5d to 6id; medium to good, 4|d to sd; inferior, 3d to 4d: best lambskins, 6d to 6Jd; medium to good, 4£d to s£d.

Taltow and Fat.—Consignments are coming forward slowly, ana prices show an easier tendency. Quotations: Best rendered tallow, 23s to 25s 6d; medium to good, 20a_to 22s 6d; inferior, 16a to 18s; Best rough fat, 16s to 18s; extra good to 20s; medium to good, 14s to 16s. Grain. —Oats: There is very little change to report in the oat market. Consignments are coming forward fairly regularly, and these are readily sold on arrival. There is a fair difference in idea of value between shippers and growers, and business is hard to transact. Seed lines are in demand. Quotations: Prime milling, 2s 3£d to 2a 4d; good to best feed, 2s 2£d to 2s 3d; inferior to medium, 2s to 2s 2d per bushel (sacks extra). Wheat: There is a good demand from millers and for shipment, and prices show a slight advance. The demand for shipment is chiefly for Tuscan and_ velvet ear, the milters taking all good lines of velvet offering. Fowl wheat is scarce and is readily sold. Quotations : Prime milling, 3s 5d to 3s 6d; medium to good 3s 4£d to 3s sd; best whole fowl wheat, 3s 3d to 3s 4jd; medium to good, 2s lOd to 3s 2d; broken and damaged, 2s 4d to 2s 9d per bushel (sacks extra). Chaff. —Consignments are coining to hand very freely, and as the majority of the big buyers have fairly large stocks, prices show no improvement and sales are hard to effect. A fair quantity of medium chaff is coming to hand, and this is hard to quit. Quotations: Prime oaten sheaf, £4 5s to £4 7s 6d: medium to good, £3 17s 6d to £4 2s 6d; inferior, £3 5s to £3 lssj oaten straw chaff, £2 7s 6d to £2 15s; wheaten, £2 2s 6d to £2 5s per ton (sacks extra). Potatoes. —Consignments are fairly heavy and although the demand is fairly good, prices are inolined to ease. Inferior Tots are much harder of sale. Quotations: Prime Up-to-Dates, £4 2s 6d to £4 ss; medium to good, £2 10s to £3 per ton (bags in). Pressed straw. — None offering.

[The individual reports of stock agents, wool, rabbitskiu, or grain brokers can be inserted in_ the Daily Times and Otaga Witness at special rates.]

DUNEDIN WEEKLY MARKET REPORT. Messrs A. Moritzson and Co., auctioneers, wool, stock, station, grain, produce, and commission agents, Dunedin, report (wholesale) for the week as under. All quotations are stibject to market fluctuations. Farmers are asked, when sending samples, always to put a price on them, as buyers do not feel inclined to make offers:— ». Barley.—Feed, 2s 6d to 2s 9d. Malting, 4s to 4s 9d. Cape barley, 2s 9d to 3s. Wheat.—Prime milling, new season's l , 3s to 3s 2d, on trucks, country sidings; fowl wheat, 3s 2d to 3s 3d for best whole, ex store; inferior, 2s 6d to 2s 9d, ex store (sacks extra). Oats.—Milling, 2s Gd; medium to good feed, 2s 2d to 2s 3d; inferior, Is 8d to Is 9d, ex store (sacks extra). Ryecorn, 3s to 3s 3d (sacks extra). Maize, 3s 6d. Prussian Blue peas 3 from 5s to 6s 6d Partridge peas, 4s. Chaff.—Prime heavy, M 2s 6d to £4 7s 6d; medium to good,. £3 15s to £4. Ryegrass.—Farmers' dressed: New eeason's 2s 6d to 2s 9d on trucks; machined seed, to 4s 6d. Cocksfoot, 6d to 7d per lb, according to quality; extra heavy clean, 7£d. Linseed, 15s 6d to 16s 6d. Chewing's Fescue,—New season's, machined, 6d to 6|d, Walnuts.—NeW eeaaon's expected- shortly, §i to ejcU

| Eggs.—Fresh, 2a; guaranteed, 2s 2d pe* dozen. | Rabbitskirns. —No sal© this week, prices rul» : ing firm at last saJe'a rates:—Winters, none offering; outgoing, 9d to springs, 8d to 83d; prime racks, 9d to 9£d; light racks, BJd to 9d; early autumns, lOd to lid; runners and suckers, 4d to 6d; blacks, 8d td lOd; fawns, 7d to 9d; horsehair, 16Jd to 18d; cowtips. Is 6d to Is 9£d; catskins, 2d to 4d. i Sheepskins.—At the sale on Tuesday email catalogues were ' submitted' to the usual attendance of buyers. Competition was for all classes, catalogues being cleared at prices fully up to those quoted in our last report We quote:—Best balfbreds, 7id to 7|d; medium halfbreds-, 6Jd to 7d; short halfbreds, sd' to Gd; ftno crossbreds, 6Jd to 7d; crossbreds. 6d to 6jd; fallen halfbreds, 6d to 6-Jd; fallen cross* breds, 4*d to 5Jd; best merinos, 6d to 6|d{ medium merinos, 5d to 5Jd; short merinoa, 4d to 4|d; butchers' pelts, 4d to 5Jd; country pelts, 3|d to 4d; inferior pelts, Id to 2di i lambskins, 61d to &d. Tallow.—The following are the ruling prices:—Best rendered, in tins, 23s to 25s i medium rendered, in tins, 20s to, 22s 6dJ inferior rendered, in tins, 17s to 19s; best j tendered, in casks, 26s to 27s 6d; medium : rendered, in casks, 23s to 24s 6d; inferior rendered, in casks, 20s to 225; best caul fat, 21e 6d; rough fat, 12s to 16s 6d. Hides. —The u«ual fortnightly sales were held on the 11th anid 12th. Pair cnita<logues were submitted to the usual attend* artae of buyers. Competition was keen- for all cia.s«es, prices ruling firm at last aale'a rates: —Picked stout ox, Sd to BJd; stout, 7id to 7gd; heavies, 6Jd to 6|d; medium weights, 6Jd to 7id; light weights, 6d to 6£d; heavy cows. 6d to 6jd; medium cows, 6d to 6Jd,' light cows, 6d to 6|d; scored and sloppy, 5d to s|d; cut and slippy, 3d to 4Jd; best calfekrne, Bjd; good oaifskins, 7d to 7Jd; cut calfskins, 5Jd to 6Jd; damaged and inferior, Id to 3d; best vpprlings, 6d to 62d; cut and slippy, 4d to 4|d. Wool. —The following aire the ruling! prices:—Best halfbred, lOd to lOfd; medium halfbred, 9£d to 9Jd; inferior halfbred, 8d |to B|d; best fine crossbred, &d to 9£d; 1 medium crossbred, 8d to B|d; inferior croas> bred, 7£d to 7Jd; best crossbred, BJd to 9|d; medium drossbred, 7£d to BJdj inferior? j crossbred, 6fd to 7id; merino, to 10d_r i pieces, 5d to 7Jd; locks, 3d to 4d; crutc"h> j ings, 4d to 5Jd. Potatoes.—Prime freshly dug samples, £1 !to £4 sq, ex rail, Dlinedin; medium quality ■ dull ol sale. j &alt butter, lOd; separator, lid to I 3;. fresh butter (in pats), storekeepers, 9§d to Cheese.—Factory, 7d; Akaroa, 6d; loaf, ■ id more. Honey.—ln good demand. Section honey, new season's, Cs to 7s per doz.; bulk- larg« tins, 3£d to 3fd: small tins, 4id to 4Jd. Beeswax, la id to is sd; wanted. Hams, 9d. Bacon.—Boll, 7d to 7Jd; sides, 7d to 8d (slow of sale). I Poultry for I>ocal Consumption.—Hens, 2$ ! 6d to 3s 6d per pair; roosters, 3s 6d to 46j turkeys—hens, 6d to 6d; cocks, 8d to 9df I geese, 4s to 5s 6d; ducks (old), 2s to 3s per j pair; ducklings, 4s 6d to 5s 6d per pair. ! Fruit.—ln good demand. Fish Oil. for orchardists or soap manufac* turers, from 2s to 23 6d per gallon. Onions.—Melbourne brown Spanish. £4 10a !to M 15s; Canterburys, H to £4 10s. Storing Grain.—We are prepared to store, receive, deliver, and insure for three months free storage at 3d per sack. Farm Produce and Fruit.—We receive all kinds of consignments, and render account ; sales promptly.

CENTRAL PRODUCE MART (LTD.). Report for week ending Saturday, 13th inst.: — Business during the past week has been quit© up to that of the previous week, especially in our meat department. Ag we stated in our previous reports the potato market is in anything but a satis, factory condition.. The prices asked by holdters in the south are driving the buei* ness to the northern ports fpr shipment. All lines of produce are quiet. In fruita good cooking and dessert apples are in excellent demand, and pears have also good inquiry. Prunes, passions, and lemons have slow sale. Rarotongan oranges, which should have arrived on Friday, missed connecting with the coastal boat, and will arrive on Monday, We sold our consignments, feme 580 cases, at 8a per case. Pie melons are now forward* in good order and command good values. In poultry there is every indication of a general rise in values. Rioe meal has met a splendid demand, our firm placing some 20 tons during the past week. We give below tho prices secured for our consignors: —Passions, 8s 6d; pines, 13s 6d ; oranges—Rarotongan, 8s; bananasripe, 2^d; dessert pears, 2|d, and 3d";! cookinsr pears, lid, 2d, 2jfd; dessert apples. 2d, 2id, 2id. atnd 3d; cooking apples, 2d and 2^d; small, bruised, and jelly apples; Id aaid lid; ouilnces, 2\&; Christohurch, 4£-d; local, Bdi; grapes—locals 10£d. lid, and Is, extra choice Is 6d and Is 7d; mushrooms, 3d per dozen; vegetables^—cabbage. 2s 6d and 3s; cauliflower, 3s, 3s 6d, 4s, and ss: carrots, 4a 6d; turnips, 2s 6d, 2s 9d, 3s; parsnips, 6s ( marrows, 6s 6d and 7s 6d per sack ;•■ pie melons, 5s 6d per cwt; onions, £4 53 per ton (ex triTck), 4s 6d per cwt; potatoes; £4 5s and £4 10s (ex _ truck), 4s 6d and 4s Qd per cwt; rioe meal, of which we now have ample stocks, 6sv 6d per bag of 1401 b; oat sheaf chaff, £4 7s 6d (ex truck), 4s 9d and 59 per owt; clover hay, £4 5s and £4 10a (ex truck), 4s 9d and 5s per cwt (customers kindly note all goods sold at per cwt are ex store); oat straw, 2s 9d ;■ fowl wheat, 3s and 3s 3d; oats, 2s 3d. 2s 4d, and 2s 6d; maize, 3s 6d and 3s 9dJ per bushel; prime wheat straw wanted, also clover hay. _ Fat—prime, 22s to 243 per cwt; other lines, 18s to 21s. Broken Oransre Pekoe tea (splendid line), 51b and 101 b chests, Is Id. Is 2d. Butter, 9id, lOd, lid, and ll|d. Eggs (wanted), fresh, Is lOd, 2s, 2s 2d; preserved Is 3d (wanted) and up to le 4d for special lines. Honey (much better demand) ;_ we sold bulk at 3?d and 4d, and one special line at 4£d; 101b' tins, 3s 3d to 3s 6d. Cheese (good demand), choice, 6W to' 6£d. Bacon (better demand)-, prime rolls, 7£d. Hams. 7£d to Bd. Poultry: Some nice lines came forward l , which realised good A-alues, especi* ally ducks, pullets, and extra choice cockerels; hens realised Is 2d, Is 4d, and Is 6d; cockerels, from 9d to 2s; ducks, from Is 4d to 2s 7d each; turkeys—gobblers 7jd to Bd, hens 6d. A quantity of very inferior chickens and hens' came to hand", for which low prices had to be 1 accepted. Beeswax', 1? sd. Horsehair* Is 6d, 4d to 4id; prime baconers, Rabbitskins—Winter does,. Is id, Is sd, Is 6d, and Is 7d; prime winter bucks, to Is 3d; others, from 10id -tQ.ls Id; springs and outgoingp 4 Sd.

6j;d, ' lOd, and ll^d; racks, runners, and suckers, from 5d to 6fd. Blood meal, 17s per 1001 b. Special—To those having consignments of potatoes, poultry, eggs, pigs, and apples, we confidently advise consignments, as we hold orders and can guarantee specialhigh prices. Yours faithfully, - REILLY, SCOTT, AND GILL. UNION STEAM SHIP COMPANY. At a meeting of the directors of the Union Steam Ship Company of New Zealand (Ltd.) on Friday an interim dividend of 9.J,d per share was declared for the halfyear ended March 31 last. TJHE COLONIAL MUTUAL UFE ASSURANCE SOCIETY. The report of the directors of the Colonial" Mutual Life Assurance Society, which was presented at the annual meeting of members on the 10th inst., shows that a noteworthy expansion of business was recorded during the year. The new business completed for the year in the ordinary department was £2,620,246, wliich represents an increase over the previous year of ©vac.£l,soo,ooo. The total new business completed during the year in the oirdinaa-y, accident, and industrial departments totalled the substantial sum of £5,554,135, as against £1.892,679 in 1909, am increase of £3,561,456. It is'satisfactory to know that this vory heavy 'increase in new business was accompanied by a reduction in the ratio of expense®. . The actual investigation which has been, conducted on, we are assured, a most conservative basis, reveals the substantial surplus of £172,677. Of this amount £64,858 will be absorbed in providing reveiisionary bonuses at the rate of £1 5s per annum on each £IOO assured, and the balance of £107,819 is carried forward. The bonus, of £1 5s per cent, is a substantial increase on the rate of all previous bonuses. In iie past bonuses have been allotted quinqueuially, but commencing from last year the distribution has been made an annual one. The invested funds at hhe end of the year amounted tp £3,219,446, an, inorease of £107,789 for the year. A further increase has taken place in the rate of interest realised on the invested funds. THE BANK OF NEW ZEALAND. The New Zealand Times understands that the Bank of New Zealand has had a very prosperous year. The balance sheet will not be published until the complete returns are received from London by course of post at the end of the current month. The annual meeting of the' bank, to be jhsld on June 16 next, will celebrate the jubilee, the institution having been founded in 1861. The directore have already signalised this occasion by voting the staff a special bonus of 10 per cent, on their salaries. The bonus will be enjoyed by over 800 officers. For some time' past (says the Dominion) there has been an active demand for the shares of the Bank of New Zealand, and investors expect to- see a good balance sheet and a larger dividend. The directors could easily have paid! a larger dividend last year, but they set themselves the task of building up a strong reserve fund, and the million mark was fixed as the fair limit before the shareholders received an. increased dividend. It-is known that the bank has done very well during- the past 12 months, and no doubt occasion will be taken on June 16 (that being the jubilee of the bank) to announce the increased distribution. The fact that -the tiaff has been granted a substantial bonus of 10 per cent, indicates that the prospects of a higher dividend axe Last year the bonus to the staff was only 5 per cent. In December last, at the half-yearly meeting, the chairman (Mr H. Beauchamp) said: "With regard to our profits for the half-year ended September 30, these were unfavourably affected by diminution in earning power through the substantial reduction in advances to customers in. New Zealand. . . . Still, our profits on the whole have been very satisfactory, ahd the net result is considerably better compared with the corresponding period in 1909. Suchubeiner the case, we feel justified in declaring an interim dividend of 6 per cent, for the past half-year, payable on the ordinary shares an/1 on the preference shares held by the Crown. If profits are maintained (and I see no reason why. they should not be), I am hooeful that the opinion I expressed! when I had the pleasure of addressing you in June last, as to the return you are likely to get at the close of the current financial year will.be. realised." BANK OF AUSTRALASIA. The Right Hon. Alfred Lyttelton, M.P., presiding at the " half-yearly meeting of shareholders of the Bank of Australasia, stated as follows; ••The outlook .appears to be entirely satisfactory. The prices of wool are well maintained, and we. have just received a telegram from Australia informing us that excellent season conditions continue. I would observe, in conclusion, that, although the necessities of taxation in the Commonwealth and Dominion exact a tribute from us of over £15,000 each half-year, we may peimit ourselves to dwell with satisfaction o,n the increased energy which has been shewn in the Commonwealth in promoting immigration and in providing a fleet unit to form part of the Eastern Fleet of the Empire, at a cost which, I think, will ultimately amount to something like £750,000 a. year to the Commonwealth. In addition to this, New Zealand, as you know, has made the sple.ndid gift of an armoured cruiser of the Indomitable type to Che British navy, and has undertaken to_ make, unconditionally, an annual contribution of £IOO,OOO to the navy. -(Applause.) These are measures which have a great Imperial significance, and attest the strength and vitality of Imperial aspiration, and if, as is inevitable, the cost is heavy, I am sure that you and the directors, on behalf of the Bank of Australasia, will be the first to shoulder cheerfully her proportion of the burden."

NEW ZEALAND AND AUSTRALIAN LAND CO. LONDON, May 10. The New Zealand and Australian Luncl Company notify an interim divide ti on ordi nary stock of 4 per cen:. AUSTRALASIAN TRUST aND AGENCY COMPANY. LONDON, May 3 At the annual meeting ' f t*ie v' ! ' sl \ 'Agency Company of Australasia foie et m,an stated that the oompany b.-. uu".. £550,000 in funds In the A:-ge..-iUne.

P. AND O. COMPANY. LONDON, May 10. The Peninsula and Oriental Company has declared a dividend of 5 per cent, on its deferred capital. INVESTMENT STOCKS. May 15. Bank of New Zealand—Buyers £ll 12s 6d. National Insurance (ex div.) —Buyers £1 15s 3d. Westport Coal Company—Buyers £1 Be 6d. Westport, Stockton—Sellers 4s. D.I.C. (ordinary)—Buyers 5s 3d. Milburn Lime and Cement (£1) — Buyers £2.

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Bibliographic details

Otago Witness, Issue 2983, 17 May 1911, Page 40

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6,880

COMMERCIAL. Otago Witness, Issue 2983, 17 May 1911, Page 40

COMMERCIAL. Otago Witness, Issue 2983, 17 May 1911, Page 40