COMMERCIAL

Southland Times, Issue 17609, 25 March 1914, Page 4

COMMERCIAL

AOBIOITITirBU EVERTS FOB WffEK endzno march as. I —Wednesday, March 25.—* Stock sale at Kapuka. Mr W. Milne's clearing sale at Cllfden, by. the New Zealand Loan and Mercantile Agency Co. —Thursday, March 26,Stock sale at Walkaka. ’ WAILACETOWH STOCK SALE. LATE PRICES WELL MAINTAINED. LARGE ATTENDANCE OF BUYERS. The fortnightly stock sale held at the Wallacetown yards yesterday was largely patronised by the farming community. Ttie completion of harvest operations permitted members of the agricultural community casing in their operations and awaiting developments in the market before becoming active. Prices for both fat and store cattle wore about the same as those realised at recent sales. The operations on the fat cattle market went up to so high as 30s pei - lOOlbs and fully maintained the prices which have been realised at late markets. The store cattle market showed dullness at the opening, but latterly buyers were inclined to opera, to at the- figures ruling. Dairy cows were good value for animals coming to profit and fat and store sheep sold well up to late quotations. The yardings at Wallacetown for yesterday and the previous sale were as follow; — March 2 1. March 10. Fat Cattle .. 284 1 16 Store Cattle .. 317 438 Fat Sheep .. 213 d 1950 Store She- p.. 2 100 1103 Following are some of the principal sales:— N.Z. LOAN & M.A. CO. Fat Cattle —Account Fosbendcr P’ros., 2 bullocks at £l2 17s 6d to Wm. Wills. .1 unr. ; 3 do. at £lO 7s 6d to T. W. Daunt (Balclutha) Account J. B l-’orde (Hcddon Bush), 2 bullocks at XlO to D. U. Jones and Co. ; 2 heifers at £3 7s fid to same buyer. Account A. Lindsay (Drummond), 2 tows at £7 2s fid to Wm. Vickery (Bluff) ; fat cow at £7 to Jolm Adamson. Account W. Swale, 2 cows at £9 to Cyan and Turpin; 3 do. at £7 12s 6d to J. 11. Stevens (Colac Bay). Store Cattle —Account .1. B. l-'ordc, 3 bullocks at £6 to T W. Daunt: account same vendor, bulls at £6 13s and £6 7s fid to P. Cameron (Dunedin). Passed: 30 bullocks, account .1. B. Forde, at £7 17s fid: 10’bullocks, account Fosbendcr Bros., at £lO 12s fid. Fat Sheep Account D. McCallum (Ryal Bush). 23 wethers at 20s fid to Ryan and Turpin. Account K. C. Lindsay ami Sons (Otahuti), 25 wethers at 21s 2d to J. Wills and Co. .1. O. WARD & CO. Sheet* —fi lambs at 18s. I do. at 20s. x s.m. ewes at 11s id. 32 f.m. owes at 10s l*d. 129 lambs at 12s fid. 7 wethers at 20s. 9 rams at 9s. 47 ewes at 16s fid. 24 do at 19s 3d. J. K. WATSON & CO., LTD. Fat Sheep—Account Ronald Bros.. 30 wethers at 2ls l(*d, and 20 do. at 21s Oil to .1. T. Wills and Co. ; 20 do. at 2 Is 9d to J. G. Ward and Co. Account A. C. Ronald, 67 lambs at 17s Id to I-'. A. Price. Account W. Curran. 17 ewes at 13s 9d to I’. Winders; 37 wethers at 19s lid to T. O'Connor. Account .1. Jensen. 29 ewes at 14s 9d to W, Vickery. Store Sheep—-Account J. Jensen. 20 ewes at 13s to G. Atkinson. Account D. McKay. IS ewes at 13s fid to W. Curran: !•** I a mbs at 13s 9d to J. Fordo ; 28 lambs at fis fid to W. Curran. Fat Cattle—Account I*. McCallum. 3 bullocks at £ll to D. R. Jones and Co. Account W. Curran. 7 cows at £fi 1 Ts fid to W. U. Johnson; 2 heifers at £6 R. Russell. Account T. Fraser. 3 bullocks at £9 to J. Taylor. Account H. O. Brass. 1" fat heifers at £fi I3s to J. Taylor. Account client-, 3 cows at £7 to R. Russell: 3 do. at £fi 10s to W. Vickery. Store Cattle —Account A. llillis. It heifers at £2 17s fid to 3V, Curran, Account It. Officer, pen calves at 32s to R. Berwick. Account, Brown Bros., bull at £'.* 15s to W. I*. Robinson. Account J. Lindsay, bull at £6 9s and I do. at £9 3s to P. Cameron (Dunedin). Account same vendor, 10 heifers at £2 12s fid to A Townley, Account W. Hatch. II heifers at £3 Ss to A. Townley. Account <l. Glover. 2 heifers at £3 t f*s to C. Rae (Otakau) : second calver at. r;i 2s fid to S. llillis. NATIONAL MORTGAGE & AGENCY COMPANY. Store Cattle —Account W. Swale, pen cows at ft. 3s; pen heifers at £4 13s: pen calces at £1 17s: pen steers and heifers at £3 ids; 13 steers at £7 10s. Account G. Phonic, pen cows at £3 3s: 1 do. at £1 13 s. Account James Drain, pen steers at £3 7s fid. and pen do. at £3 10s; Dull at. £ 11* 2s fid. Account W. It. Hogue, pen empty cows at It 7s fid. and pen calves at £1 14s: bull at £3. Account James Lilico. pen steers at £3 3s; bulls at £S 2s fid. L.i ..s. £.-. Account W. S. Brown, pen heifers at £4; pen empty cows at £4 I .s. Account It. Russell, 2i> yearlings at £3 3s: bulls at £1 and £4 10s. Account A. llillis. .12 steers at £t ..s. Account. Mrs Jackson, hulls at £3 1 **s and £3. and empty cows at £3 ] 10s. Account John Caulfield, pen calves j at. £2 fis: |ten empty cows at £1 12s fid; | bull at £3 |fis. Account W. Murphy, dairy cow at £fi I fis fid. Sold to clients, j bulls at £9. £8 |iis. £s. £ u* and £7 13s. Account R. Lerwick. 12 calves at £1 7s, and pen st'-ers and heifers at £4 Account R. Knowier. pen yearlings at £1 Ins; in st-ers at £1 Is; pen calves at £2 Its. Store Sheep Account R. Lang. 70 lambs at 13s: 32 lambs at 9s 9d. Account W . Cartwright. 2-1 i-wes at .>s id. Account A. Forrest. 7.8 old ewes at 9s Id. Account James Kearney, 42 ewes at 10s Sd. Account T>. George, I*l owes at 13s 7 d . Account W. Wilson, 3fi ewes at 13s ;id. Account Mrs J. (,nvo. T1 * ewes at 8s 9d. Account James Liggett, 136, ewes at ;*s Id. Account t lias. Lane. 4 4 ewes at I as 2d: (I lambs at 14s. Account I*. Wnelan. 2.1.1 lambs. Account James Counsel, fit* i-wes at 8s Id. Account Joint (1 rant. i».» ewes. 1 and 6tooth. at Rts fid. Account John Warden, 179 lambs at 1 fis. Account E. A. Scott. 4 2 ewes at 11s t I WRIGHT, STEPHENSON & t'O.. LTD, Fat Sheep*—Account I-’. A. Price. 127 fat wethers at 22s to McKenzie and Harper, and II rtves at 17s fid to J. Humphries. Account R. Norman, 72 lames to G. and T. Deegan at 19s. Account. T >. Connor, 13 wethers at. 22s fid to Ryan and Turpin. Account H. Erskine, 3) wethers at 20s 7d. Account D. McCallum. 22 wethers at 20s Bid. Account R. McDotvall. 67 wethers at 22s 4d. Account. W. G. Gunion. 114 lambs at 16s Sd; 21 ewes at tfis Id. Account J. Watson. 17 ewes at 13s. Account G. and T. Dcegau. 31 wethers at 22s 2d, and 61 do. at 22s 9d. Account L. Gardiner. -19 lambs at 19s lid. and 2fi do. at 18s. Account W. Spriggs. 13 ewes at 15s 3d. Store Sheep-—Account F. A. Price, 110 2-tootli ewes at 17s 10d. Account John Fraser. 32 owes at 19s Id. Account Ji. G. Brass. 62 two-tooth ewe--, at 20s fid. Account E. A. Price. 78 small lambs at 8s 10(1. Eat Cattle—Account G. Mcßae. “Rrantra," 4 bullocks to Ryan and Turpin at £l3 (top price) ; heifer at £11: I steer at £lO 3s. Account C. Ward (To Tua), 10 bullocks' at £9 2s 6d. Account P. A. Price, 4 heifers at £3 12s fid. Account F. A. Price, 2 bullocks at £9 15s. Store Cattle—Account It. Russell, 1 cow (just calved* at £9. Account W. K. Riddell. 2 heifers at £2 18s. and 7 calves £l. Account T. Staunton. 2 calves a“t £6 I Os and £3 ts fid respectively. Account Fahey and Greaney. cow at £3 10s. Account John Officer, yearling at £4 Is. Account A. llillis. 3 calves at 245: and 9 steers at £3 10s. Account M. McDowall. 3 2-year-old steers at £4 19s. ..Account John Ross, heifer at £3 11s. SOUTHLAND FARMERS’ CO-OPERA-TIVE ASSOCIATION, LTD. . The above firm offered the following lines; —37 lambs (stores* at 13s, 30 fat ewes at 12s, 31 fat wethers at 20s 9d. 13 fat ewes at 18s 3d, 1.60 four, six and eight-tooth passed at ISs. HENDERSON & CO., LTD. Fat Cattle—Account W. Blatch, 3 heifers at £fi 7s fid to W. Wills. Junr ; 1 cow at £8 15s to W. H. Johnston and Co. Account. T. Brown. Wright’s Bush, 4 cows at £7 2s fid to C. P. Raines. Store Cattle Account W. Blatch. West Plains, 3 cows at £4 3s to R. Russell: 44 steers at £4 L’s to Mrs P. Dooley. Account D. Luke, Makarewa, 2 cows at £3 19s to J. Taylor; i bull at £fi 5s to P. Cameron. Account K. Berwick. Waikiwi.

-1 cow at £3 3s to A. llillis: 2 heifers at £2 2s fid and £2 It's to A. Townley. Fat Fheep —Account ('. Gray. WatJaeetown. 4 wethers at 20s to W. Farquha Ison; 27 ewes at 16s 3d In Ryan and Turpin. Account. J. A. Gilmour. Ryal Bush. 3 lambs at 13s to W. l-’arqu-harson; 28 ewes at 13s 6(1 to J. Taylor. Account. I*. McCallum. Wilson's Crossing, 27 ewes at 17s Sd to Ryan and Turpin. Account W. A. Gray, Wallacetown, 24 lambs at 13s 3d to J. Adamson: 8 ewes at 13s fid to W. l-’arquharson. Account W. L. Gray. Wallacetown, 21 ewes at 13s fid to .1. Taylor. Account J. and W, Calvert. Roslyn Bush. ewes and iambs at 19s 3*l and 22s 3d to Ryan and Turpin. Account ('. Malone.' , ewe at 16s 8d to Ryan and Turpin. DA.LGETV A- CO.. LTD. Fat Cattle Account Fosbendcr Bros,, 1 heifers at £8 10s to T. .1. Henderson. Tuatapore. Account client. 2 bullocks at £lO 17s fid to E. ITcndcrgast. Otautan; I heifer at £fi 1 Os to R. Russell. Lome; 1 steer at £lO to .1. H. Stephens. Colac. Store Cattle —Account client. 1 hull to W. Curran. Wes! Plains, at £4 10**: 11 cows to same buyer at £4: II boilers to client ill £2 12s. Account \\ . Curran, I hull lo W. Townley at £6: 23 steers at £1 7s; 11 cows to R. Russell at £ (. Account client, to steers to R. Russell at £8 13s. Account K. l-’oshc-iider. 3 cows to It. Russell at £3 10s. Account W . Curran, 3 heifers to client at £3 H*s. Store Sheep-—Account Fosbendcr Bros., yfi 2-looth ewes at I Os I*l to J- Kenned'. Account .1. Kennedy. 23 (to. at 19s 6d to H, Knowier. Account client, 197 ewes at Its 2d to J. Muir. Account P. Joyce. 99 f. and f. ewes at 1 ts to J. Jensen, Account client. 13 1-tooth ewes at 29s Id to H. Knowier. Account client. 39 f. and f. or e-s at 13s 3*l to Lightfool and Campbell. Account client, 194 lambs at 1 Is to J. Leonard. Fat Sheep —Account H. Erskiue, 3 1 wethers at 29s 9(1 to Ryan and Turpin. Account W. Leonard. 31 do. at 22s I Id to Ryan a ltd Turpin; 3 1 fat lambs at 17s Id to J. Taylor. CANTERBURY GRAIN AND PRODUCE CHRISTCHURCH, -March 24. There is no change to note in the local grain tnarkcl. Odd lots of wheat and oats continue lo change hands, hut. there ; s no great quantity of (lie former offering and less of oats than wheat. The market is. if anylflHng, slightly weaker in tone, as mind's are buying less freely. There has been,no rush of grain on tlio market this season and there has been little speculation to stimulate business owing to there not being any likelihood of a surplus of wheat for export, and the prospects of shipping oats to Loudon depend largely upon whether cheap freights will be available later in the year. Barley is very dull of sale and there is a considerable quantity of medium and inferior grain on the market which is very difficult to dispose 01. Australia has not required any New Zealand barley for the last two years and this has curtailed the deman.l to such an extent that the dominion crop is more thar sufficient for requirements. H is now very difficult to get more than "s at country stations except for very prime samples, and inferior is being offered so low as 2s and 2s fid. There is no change in the potato market A few sales continue to he made at £- 1 l,s 11 countrv stations, but it is not expected that much forward business will be done till the digging of the main crop is further advanced, as growers are geneially not disposed to sell at present prices. TARANAKI OIL WELLS, DTD. MORE CAPITAL NEEDED. AUCKLAND. March 24. - \ meeting of shareholders in the Tara-naki-Oil Wells, Ltd., was hold this afternoon for tile purpose of receiving the independent report of two Auckland shareholders who were appointed to go to New Plymouth and make investigations as to the position and prospects of the concern. The delegates were Messrs Macklow and College, and they presented an exhaustive report, which emphasises tlio fact that unless the shareholders provide more capital promptly the works must close down and the company be reconstructed. The sum of £10,090 was required at once. Alter carefully considering the -position cud future prospects of the, company, the delegates felt justified in strongly recommending all shareholders to provide

the money as it would be a great pity to let tin- company fail for lack of financial assistance when success is so nearly assured. The report states that it is absolutely necessary that the. head office and board of management should be transferred to Now Zealand, as only 10,000 shares will lie taken up in London. which with 23.001* promoters' shares makes a total of 33,000 in England as against 232,000 held in New Zealand. The delegates found the works almost at a standstill owing to want of funds to pay the men. Mr J. Veale said that he was convinced from his experience in New Plymouth that there, were a certain number of people who were trying to depreciate the value of the company's undertaking, llu-ir object being 1o secure the property at a- nominal price. If the shareholders would see the venture through he was sure they would reap a very great reward. After discussion it was decided that each of the local shareholders with 20 or more shares should advance to the companv by way of loan a sun* of not less Ilian ten )*er coni, on the nominal value of their shares, the amount advanced to be repayable on or before December 31, 1911. and bear interest of HI per cent. It was also resolved to request the advisory board to take any necessary steps to have the board of management transferred from London to Netv Zealand. BUGAS. By Telegraph.—Press Assn.--Copyright. LONDON. -March 23. Mr Licht estimates that beet sugar production has deereascq by 334.000 tons, and that the campaign will show a surplus of fiopn tons. TASMANIAN LOAN. J.ON DON, March 23. It is understood that only 20 per centum of the Tasmanian £1,30(1,0(10 loan has In-i-ii taken up. The underwriters received 81 per centum. LONDON SHAKE MASEEH. LONDON. March 23. Waihi G.M. Uo., buyers 42s fid, sellers 4 3s. Waihi Grand Junction, buyers 235. sellers 265. Talisman, buyers 37s 6d. sellers 42s 6d. FSOZEH MEAT MARKET. LONDON. March 22. The following are the latest quotations for all classes of meat. In the caso of those not quoted the price is unchanged: Mar. I t. Mar. 21. Mutton— cl. d. Canterbury, light Canterbury, medium .—. Canterbury, hoary —■ Southland North Island, best North Island, ordinary INew Zealand ewes - Australian, light ■— < Australian, heavy Australia**, owes River Plate, light River Plate, heavy River Plate, ewes 3 7-8 Lam b Canterbury, light 6 1-2 6 3-8 Canterbury, medium J fi 1-4 Canterbury, heavy fi 1-2 fi 1-8 North Island, selected (1 1-1 H 1-8 North Island, ordinary fi 3 7-8 Southland, selected Southland, ordinary fi Australian, best 3 3-R Australian, fair 3 3-8 Australian, inferior 5 5-8 River Plate, first 5 5-8 3 1-2 River Plate, second 5 1-4 5 1-L Beef — New Zealand, fores 3 13-lfi 3 7-S New Zealand, hinds Australian, .fores Australian, hinds R. .Plato, chilled fores 3 15-16 R. Plate, chilled hinds -8 R. Plato, frozen fores -8 R. Plate, frozen hinds • -8 R. Plate, frozen hinds {None offering. PAPUAN PRODUCE CO., LTD. (Times and Sydney Sun Services.) LONDON, Ma.rch 23. A company has been formed to take over tli e Papuan timber and sawmill business in the Pacific. The title is the panuiia Produce Co.. Ltd-