COMMERCIAL

Southland Times, Issue 17698, 9 July 1914, Page 4

COMMERCIAL

AeBICTOTUS&Xi EVENTS FOB WEES ENDING JULY 11. —Thursday, July D. — Stock sale at Woodlands. Land sale at Woodlands by Messrs J. E. Watson and Co., Ltd. —Friday, July 10. — Stock sale at Otautau. BURST SIDE STOCK MARKET. DUNEDIN. July S. One hundred and twenty-three fat cattle were yarded at Burnside to-day. Prices: Prime heavy bullocks £ll 15s to £l3 ss. extra prime to £ls 10s. medium £lO 15s to £ll 10s. light and inferior £9 to £lO ss, prime cows and heifers £9 15s to £lO 15s, extra to £ll 15s. medium £S to £9 10s, ligiit and inferior £6 to £7 10s. Fat Sheep: Prime wethers 25s to 375, extra, to 335. medium to good 33s 6d to 345, light 18s to 31s. prime ewes 31s to 35s 6d, extra to 27s 6d. medium to good 18s 6d to 3 Is. Fat Lambs; Good l?s to 35s 6d, extra prime to 3 Is, medium t7s to LBs, light and inferior 13s 6d to 16s. Pigs: Prices were on a par with last week's rates. ADDINGTON DIVE STOCK MARKET CHRISTCHURCH. July 8. At Addington to-day entries of stock ■were generally smaller than last week. Prices were: Store Sheep; Rest two-tooth ewes 33s 6i.. best full ami failing mouth ewes 31s 3d. medium full and failing-mouth ewes 1 Is to 15s. aged surfs 13s to 14s. aged empty ewes 10s. merino ewes (empty) 5s 9.i, eight-tooth ewes (with lambs at fi-ot) Its 7d (ail counted), host hoggets (mixed sexes) 15s 9d to 16s Id. good hoggets 15s to 15s 6d. fairly good hoggets 13s .'hi to 13s lid. ewe hoggets to 18s 3d. Fat Lambs; Tegs I9s 6d in 31s 3d. extra heavy legs t< > 33s Id. average f: re/Jug weights 17s 6d to 19s. ligiit and unfinished 15s to 17s. Fat Sheep: Extra prime wethers to 35s lid. prime wethers 33s 6d to 295. lighter 30s c.d to 335. ni* rinu wethers 19s. extra prime ewes to 37s 6d. prime owes 31s to 365. medium ewes ISs to 39s fid. aged and light 15s to 17s Gd. Fat Cattle: Steers CS to £ll. extra g( od steers £l7 LAs. ueifers £5 17s 6d to Ef. extra good heifers £l3 19s. cows £5 1.-.s to £9 3s. extra good cows 113 ss; beef 39s to 33s Gd per liwdi.s. Store Cattle: Yearlings 355. two-year steers £1 7s Gd. two-year heifers Cl 4 -s 6d. two and a-half-year heifers £1 15s. dry cows 35s to £1 !ss, dairy cows £3 - 4 S to £l9 I9s. extra to £ls Ts fid. Fat Pigs: Choppers £3 10s to £5 19s. haeoners ,52s Gd to £3. heavy haveners 65s to £3 19s. extra heavy haeoners up to £3 15s ( nrieo Tier ih 5d to SF. d). heavy I inkers 16s to s>i.«. light porkers- F's to 15s (price per lh fid to fi'ld). Store Pigs; Large stores 36 s to Ifis. medium 38s to 335. slips 18s to 365. weaners !"s to ITs. sows in pig to £4 1 9s.

LONDON WOOL SALES. By Telegraph.—Press Assn.—Copyright LONDON. July 7. i Ti,. wool sales have opened. There were very few merinos, but a good selection of crossbreds Prices were from par to 7 ! - per cent, advance. LONDON. July S. Received July 8. 9.39 p.m. At the wool sales 8 193 hales wore offered. including 7783 bales of New Zealand. There teas a large attendance. Pine crossbreds were 7c. per cent, higher than April closing rates. Medium w.-re from par to 5 per cent, higher, and pt orer sons at par. Slipes. medium low sorts, were P.d lower. American are operating freely for tine medium crossbreds and it is expected that merinos will show a 5 per cent, advance. HIGH COMMISSIONER'S ADVICE. (Per United Press Association.) WELLINGTON. July 8. The Department of Agriculture lias received the following cablegram from the High Commissioner dated London. July 7. regarding the opening of the fourth series of colonial wool sates: “The wool sales hat e commenced. There was a large attendance of buyers, and a grod demand for all classes, especially fin" wools, which are in small supply. The Americans are bidding freely, and trade is good on the Continent, but the home trade is tiuiec. Merinos and crossbreds of all grades average rid per lb Higher. Medium and coarse crossbreds df all grades arc firm at last ([notations. There are 107,0011 bales of New Zealand wool catalogued." Tiie New Zealand I.nan and Mercantile Agency Company hav.- receiv'd the following cablegram from their London office, dated July 7:-—There was a full attendance at the opening of the sales to-day. Competition by Dome and Continental and American buyers was active. The opening catalogues were not representative 4. Very little merino wool offered. As compared with last sales’ closing rates prices are higher about 5 per cent, for fine crossbred and merino; higher about par to 5 per cent, for medium .iml coarse crossbred; market linn. Tim Panic of New Zealand has revived the following i-ahb' from its London office with regard to the London wrol sales:- —The sales have opened with moderate competition and a large attendance of buyers. There is a good demand for till' 4 crossbreds. Total net quantity Now Zealand available. I I a,nan hales. Prices are easier for coarse crossbreds. The market is strong for medium crossbred. Prices are unchanged. Tin - market is strong for tine crossbreds, prices arc higher 5 per cent, to 7 1-5 per coil. BROKEN HILL CO. SYDNEY, July 8. The Broken Hill Proprietary Co. is issuing locally £699.mm worth of six per c.iit. debentures at 97, with a currency of twenty years. NEWCASTLE COAL TRADE. SYDNEY, July .8. Coal exported from Newcastle during the; hist half-year totalled 3.307.998 tons, an increase of 326.328 tons. New Zealand took 325.9 15 tons, an increase of 3; .mol tons over lie previous half-year. Foreign exports increased by 396.909 tons. ARGENTINE MEAT. LONDON. July 7. There has been a great expansion of chilled and frozen meat exported from the Argentine to the United States. Good Judges are of opinion that the. States will shortly absorb nearly all the Argentine's production, to the rmharrasment of Great Britain. GERMANY AND NEW ZEALAND TRADE. LONDON. July 7. The Financial Times sax’s that though the German determination to secure a larger share of X'.'W Zealand trade naturally raises an outcry in Great Britain. Antipodean shippers complain that British lines have inadequately studied their convenience, especially regarding pons of call. English companies have nothing to fear if they study their New Zealand customers' interests. GERMAN CONSUL SPEAKS. SYDNEY. July 8. The German Consul, replying to the Herald’s criticism on Gorman shipping tires taking up the New Zealand trade, says the whole undertaking is as much a matter of private business as any other venture. Neither company is reviving any subsidy from the German Government. The vessels will take wool, not only to German ports, hut to other European ports, so opening up Continental markets for the primary products of the dominion.

SYDNEY SBEEF SALE. SYDNEY. July 8. Received July 8, tl.ld p.m. At the sheep sales the following stiles wore made: —Account Doutlnvaite, Border Leicester ram. 37gn.s; others. 3 1 to 3Sgns; ten averaged £2O 3s 3d : Border Leicester stud ewe. 20gns; five averaged £ls Us fid. Account Ensor (Rangiora), Ccrrledale stud rams (2) fetched 40gns each; nine averaged £3l 5s lOd. Account Grant (Timuru), three Romney Marsh stud ewes averaged £lB ISs. Heavy draft Lincoln, English Leicester and Border Leicester ewes, ewe and ram lambs, on behalf of New Zealand breoders.rajised from 2 to 7gna.

P.i-ccivcd July 9, 1 a.m. \ccount John Strangfellow (Chertsoy T one Corriedale stud ram, 30gns; two others at each; thirteen averaged £9 7s. MONEY AND MARKETS Silver. 25 15-1 fid per 9Z. Consols, £75 17s fid. Banks: Australasia, £133 to £125; New South Wittes. £42 Ids to £43 10s; Union. £59 to Ifil; National of New Zealand, £5 7.-, fid to £5 12s fid: Now Zealand, £lO Oslo £lO 15s; New Zealand Loan and Mercantile (ordinary stock), £9l.