COMMERCIAL

Southland Times, Issue 17786, 15 July 1916, Page 4

COMMERCIAL

OTAXJTAX7 SALE, Wright. Stephenson and Co.. Ltd., report that at their sale yesterday at Otautau, sheep and cattle were In strong demand. Prices ruling were much better than at the previous sale. They yarded 2600 sheep and sold as follows:—Account W. J. Black, 118 two, four, six ami eighttooth ewes to Alex. Griffith at 33/7, 150 lambs to Jas. Deegan and Son at 20/11; account R. O. Diask, 54 mixed sex lambs to Lewis Cowle at 19/1: account T. J. Hughes, 519 mixed sex laughs to Denis Muir at 19/1; account John Babbitt, 185 mixed sex lambs to Kobertson Bros, at 19/3; account Wm. Baird, 131 mixed sex lambs to Thos. Affleck at 16/6: account Chas. Wilson, 250 four and six-tooth wethers to John Saunders at 07/2; account Adam Baird. 210 ewes (six and eigth-tooth) to T. G. Giller at 23/-; account Wm. Fraser, 180 mixed sex lambs to Airs K. L. Watson at 23/-; account P. Fond, 160 two ami four-tooth wethers to Alex. Fleming at 25/-; 189 to Mrs R. 1,. Watson at 25/-; account B. Hill, 124 mixed sex lambs to Jos. Kirkwood at 23'-; account G. and T. Deegan, 240 rs to Wm. Fraser at 24/11. Cattle — Account Brick and Rohan, 2 speyed heifers to John Babbitt at £ll 10/-, 1 empty cow to H. Cunningham at £ll 17/6; account Wm. Hill, 1 steer to K. Bussell at 20/-; account John Babbitt, 3 head cattle to R. Russell at £4. CLEARING SALE AT EACBE. Messrs Wright. Stephenson and Co., Ltd., report having held a clearing sale of live and dead stock on account Mr S. E. King, who had disposed of his farm. The day was gloriously fine, the attendance large, and the cows which were in good condition, and the principal attraction were keenly competed for, buyers being present from Wyndham, Edendaie, Seaward Downs, and surrounding districts. The whole herd realised a shade over £lb per head. Horses, in sympathy with markets elsewhere, were dull of nale. but were all cleared at fair values. Implements, harness, furniture, etc., sold well. X capital luncheon, epppliod by McDonald antLMra, .Cox,. ,waa modi

appreciated. The following are some of the prices realised: — Cows—£l3 10/-, £l2 10/-, £l2 5/-, £l2, £ll 10/-, £ll 5/-, £lO 10/-, £lO 5/-, £lO, £9, £7 15/-, £7. Horses—Bay gelding, Byrs, £lO, do.' 7 yrs £lO, Co. 7yrs £l6 10/-, harness mare £ll 10/-, spring-cart mare £l2 5/-. Implements, Etc. — Tine harrows £5 7/G, disc harrows £7 15/-, plough £4 5/-, scuffler £2 12/6, milk cart £llfi dray £l4 10/-. Sundries —Two chaff stacks £lO each, 26 sacks oats at 7/-. Furniture, etc., at full market values. CLEARING SAXE AT FAIRFAX. Messrs ;i. K. Watson and Co., Ltd., report having held, in conjunction with Messrs Henderson and Co., Ltd., a very successful clearing sale at Mr Scott Symington’s farm, Fairfax, on Wednesday last, July 12th. As it is Mr Symington’s present intention to go to the Old Country, everything was for absolute sale, and was disposed of at satisfactory prices. Some of the prices realised were as follows; —> Horses —Draughts at £25, £2O, £l7, £l7, £ls; hacks at £l4 10/-, £lO, £B. Sheep—349 ewes at 33/-, 162 ewe hoggets at 25/-: 76 wethers hoggets at 23/8; 14 cull ewes at 14/-; 4 fat wethers at 29/6; 7 rams at £2 4/-. Cattle —Cows at £lO 2/6 and £7 10/-; calves at £3 8/-. Sundries —Overland car, £101: 3-fur-row plough £2l, 2-furrow plough £lB, roller £l7 10/-, binder £ls, drill £22, turnip thinner £lB 10/-, tine harrows £5 5/-, ridger £5 10/-, cultivators £7 15/- and £7, mower £6 .10/-. B.C. sower £24, drays £ll 10/- and £ll. Harness, furniture, etc., realised their full market values. CHBXSTCHUBCH MARKETS. (Per United Press Association.) CHRISTCHURCH, July 14. There is no change to note in the wheat market, which is very firm, and witli very little business doing. A small shipment of flour came to hand by the Manuka from Sydney. There is nothing fresh to report in oats or oatsheaf chaff. Potatoes are still selling at £6 10/- at country stations, but offerings are limited. SKARE MARKET. WELLINGTON, July 14. .Stock exchange mining quotations;— Murray Creek, sellers, 59/-; Success dredge, sellers, 30/-; Wailil, buyers, 37/-; Rising Sun, sellers, 4/-. AUSTRALIAN MARKETS. (By Telegraph—Press Assn. —Copyright) SYDNEY, July 13. Oats —Algerian, feeding, 2/8 to 2/9; milling, 2/10 to 3/-; Tasmanian white, 3/- to 3/I, Harley—3/5 to 3/S. Maize—4/6 to 4/8. Potatoes —Tasmanians. £7 10/- to £9 10/-. Onions —£6. ADELAIDE, July 13. Received July 13, 11.25 p.m. Bran—£4 10/-., Pollard—£s 10/-. Oats—l/ 10 to .1/11. MELBOURNE, July 13. Hides —Small catalogues; better competition especially for lights; prices unchanged. MELBOURNE, July 14. Barley, English, 4/6 to 4/9; Cape, sellers. 1/7; buyers, 3/6. Oats, milling Algerians, 2/4 to 2/4%; feed, 2/1 to 2/2. Potatoes, £6 10/- to £7 10/-. Onions —£2 to £4. LONDOB MARKETS. FINANCE. (By Telegraph—Press Assn. —Copyright) (Australian & N.Z. Cable Association.) RON DON. July 15. Received July 11, 5.5 p.m. Money—Market quotations are disorganised to-day. Short loans and three months’ bills, which hardened yesterday to -1 Vi and 5% per cent, respectively, are unquotable. Consols opened at £6O 15/-; touched £6O and closed at £6O 2/6, £B9 5/-, and £96 12/6. COLONIAL SECURITIES. Victorian 4 per cents, £94%; three and ii-halfs. £BS %: threes £67%; three and a-tialfs (1929-40) £75%: New Soutli Wales fours, £87%: three and a-halfs, £97%; threes, £72%; three and a-halfs (.1920-30) £74-"t Queensland fours, £9l. V, ; three anrl a-halfs. £87%; threes, £661,2; New Zealand fours, £89%; three and ahalfs £76%; threes, £68%; South Australian three and a-halfs, £75; threes, £61%; West Australian three and a-halfs, £75; threes, £82%. BANK OF ENGLAND STATEMENT. Stock of gold coin, £57,306,000; reserve, £41,859,000; proportion of reserve to liabilities, 28.39; notes in circulation, £35,989,000; public deposits, £0 1,920,000; other deposits, £92,500,000; Government securities, £42,188,000; other securities, £81,225,000. WOOL, DAIRY PRODUCE, ETC. LONDON, July 13. Received July 14, 8.40 p.m. Wool —Prices Ann at recent rates. Crossbreds are unchanged, but there is stronger general competition. The following prices were realised for the fleece portions of the New Zealand clips named —"Highfleld,” top price 22 %d, average price 21% d; “Avondale,” 22d and 20d; "Halfway,” 10% d and 17% d. At the Bradford market there was small business. Merinos and fine crossbreds were extremely firm with a hardening tendency. Low crossbreds were slightly easier. Sixty-fours, 52d; super aixtys, sld: afty-trixes, 40cl; Ofttea. 33d; •forty-sixes, 28% d; forties, 27%cU

Sugar—American granulated, 41 7-12. Butter —Quiet. Australian, 158/- to 162/-; New Zealand. 168/-, to 170/-. Cheese—Flat; very little business. There are large all-round supplies. New Zealand, 82/- to 86/-. Copper—£9o 2/6 to £B9 2/6. Electrolytic—£l2s. Tin—£l69 17/6 to £l7O 17/6. Lead —£28 5/- to £26 15/-. Spelter—£4s 5/- to £43 10/-. Silver—3od per oz. Wheat—Firmly held and sparingly of. feted. Flour —Firm. Earley—Pinner. Peas and Beans—Quiet and unchanged. THE BANK RATE. INCREASE PROBABLY TEMPORARY. LONDOS, July 14. Received July 14, 8.50 p.m. The rise in the Bank rate is due entirely to the sharp rise In money value in New York since the end of last week, and is probably the outcome of America’s loan operations, including loans to the Allies, also the expansion of trade activity. The rise in New York came as a surprise in London, as it was believed that considerable loanable capital was still available in America. Tne possibility of a rise in the London Bank rate was only seriously envisaged last evening, and financial circles generally approve of a precautionary measure designed to promptly allay a feeling of unrest. The future depends chiefly on American developments and it is hoped that the increased rate will be only temporary, but It Is regretted that it may Indefinitely postpone the big longdated war loan which is anticipated in many quarters.