COMMERCIAL

Southland Times, Issue 17785, 14 July 1916, Page 4

COMMERCIAL

| THOBNBUBY STOCK SALE. I Messrs .1. R. Mills and Son report ’ holding their usual sale at the Thornbury yards, when there was a good yarding of both sheep and cattle. High prices were realised for everything. Following are the principal sales:—96 lambs at 31/7, 6 ewes at 10/6, ID lambs 18/1. ID ew'es 33 -, II ewes 33/-, .13 wethers 31. 9, 31 ewes 33/9, 17 ewes 33/3, 33 ewes 3 1 6 (top price), 13 owes 3 1/-, 63 ewes 37 6, 16 ewes 16 6, 33 ewes 13/-, IS do. 33,-. IS do. .19/3, 38 ewes 38.-, 13 ewes 31.6, 3D wethers 31-, 11 ewes 33,6, 37 lambs 16/3, 13 ewes 38/3, 13 wethers 33/8, 1 cow £l3 10/-, I do. £6, 1 cow £ll 3/-, 1 do. £9 ID/-, 1 cow £9, 1 cow £l9. 13/-, 1 cow ill 7.6, I do. £7 13/-, 1 cow £l3, 1 do. £l3, t cow £7 13/-, 1 do. £9 10/-, 1 dairy cow £l9 3/6, 1 cow £s if,/-, 4 steers £8 13 -, 3 steers and f> belters £1 10/-, 3 cows £S 13/-, 7 Imllocks £l3 6/-, 3 heifers and I cow £8 17/6, 3 steers £8 13/-, 9 heifers and 3 steers ti 8,-, I heifer £6 3 -, 3 heifers £6 3/-, 3 do. £3 11/-. 3 cows £8 ID,-, 3 heifers £3 13/-, 1 cow £8 17/6, 1 dairy cow £lO 10/-, 1 dairy cow £l3_ 3/6, 1 dairy cow £ll 12/6. SHABE MAEKET, DUNEDIN, July 3. Si took Exchange sales— Waihi, 37/-; Union Steam Co., 34, - and 34/6 (five parcels).

WELLINGTON, July 13. The following Stock Exchange sales arc reported:—Westport-Stookton Coal, 6/1: Ley land O'Brien Timber Co., 21/9.. Mining quotations: Dominion Developing, sellers, 12/-; Murray Creek, sellers, 59/-; Success dredge, sellers, 30/-. LONDON MAS NETS, WOOL SALES. WELLINGTON, July 13.' The High Commissioner cables under date London, July ll;_The wool sales have commenced. There was a, large attendance of buyers. Home buyers, prohibited from purchasing English wool, competing freely. The market is strong for all kinds of merino which is in small supply. Prices have improved for all kinds of merino by 3d per lb; fine crossbred of fill grades are (Ad higher. Prices for medium and coarse crossbreds have fallen Vid lower than closing rates of last sales. The total net quantity of Now Zealand wool available Is 59,350 bales. Note—The estimated values given by the High Commissioner in his cablegram on the last wool sales are: Superior merino, 1/9 to I/Il; medium merino, 1, 3 to I AS ; Inferior merino, 1/1 to I /1; fine crossbreds, all grades, 1/10 to 3 -; medium crossbreds, dll grades, 1/3 to 1/S; coarse crossbreds, all grades, 13 to 1/6. The Now Zealand Loan and Mercantile Agency Go., Ltd., have received the following cablegram from lliolr ' London house under date 13th inst.;Merino market active compared with July 8. 3 to 7Vi per cent., higher crossbred, good demand fot tine par 3 per cent, higher, coarse par 3 per cent, lower. Tlie Hank of New Zealand lots received the following cable from its London Office: - - "London wool sales—Merino 7(4 to ID per cent, dearer, crossbreds on average 3 per cent, cheaper. THE WOOL SETTLEMENT. (By Telegraph—Press Assn.—Copyright) LONDON, July 13. The wool sales are more buoyant and confident In tone than at the opening. One important disturbing element was removed early in the -afternoon. The Farmers’ Union formed a deputation to Mr Forster and urged that it would be fairer to take 1913 as a basis for the purchase price of the English clip, protesting Hint tlie 3D per cent, advance in 1014 was much below the value. As a result of the conference Mr Forster announced that the Government would pay an additional 3 per cent. It is an open secret that tlie only alternative to the Government scheme would be to pay the farmer the full current value anil exact 60 per cent, by way of excess pro-