TRANSACTIONS ON 'CHANGE.

Auckland Star, Volume LX, Issue 138, 13 June 1929, Page 4

TRANSACTIONS ON 'CHANGE.

BUSINESS STILL QUIET

IMPROVED AT NOON CALL.

Although recent quotations are still maintained, with occasional advances, business continues quiet, and only a small number of sales have been notified since the "Star" went to press yesterday. These were completed chiefly on the basis of former transactions, an exception being Hamilton Theatres, which showed a 2/ advance. At this morning's call Farmers' Auctioneering preference shares were asked for, 17/9 being offered for the A's and 17/ for the B's. These pay 6 per cent dividend.

Colonial Sugar shares have cased slightly, sellers dropping to £58 7/6, with no response from buyers. Taranaki Oil is easier, the highest offer being 4/3. For Breweries the highest offer this morning was £3. 10/, against £3 10/0 yesterday. v The Noon Call. Business was somewhat better at the noon c;iU. Breweries firmed up again with buyers St £3 11/. A reported sale of National Bank of Australia shares showed a marked drop, but a dividend lias been paid since last transaction, which, however, only partly accounts for the difference. Milne and Choyce's stock has been in steady demand for some time, and to-day a further advance was made with a sale at £1 6/9. Renown Collieries showed further weakening, holders dropping the price to 15/0. Interest Rates. The return to the investor on his outlay, based upon the latest dividends and in the ease of loans and debentures upon redemption at maturity, works out as follows for the latest sales: —■ PER CENT PER ANNUM. £ s. d. Union Bank 4 1*" 1 Farmers' Trading 0 8 .'] Hamilton Theatres 11 - - Wilsons Cement 4 1." !) Mount Lyell . & 14 <> Haywanls Pictures 8 1" '■> Auckland Gass (Con.) I! 13 4 New Zealand Paper Mills . . <> 12 3 National Bank of Australia 5 4 4 Queensland Insurance 3 17 0 Milne and Choycc (debenture stock) 5 1!) 7 Auckland Harbour Board Loan, 51 (1047) . 5 7 C CALL AND DIVIDEND LIST. Due. Parker-Lamb, 5 p.e Now Hume Steel and Pipe. A and B pref., interim, 10 p.e. per annum Now Devonport Ferry, 7J p.e Juno 14 Farmers' Fertiliser, S p.e June 15 Australian Glass —0 p.e. pref, 12J p.e. ordinary Juno 1!) Farmers' Trading, 10 p.e. ord., and 7 p.e. pref June P.) Robinson Ice Cream, 10 p.e June 20 Mount Lyell—l/3 Interim June 124 Loan and Mercantile —2J p.e. on pref. (Int.), 3\ p.e. on second pref. (Int.), 3 p.e. on ord. (Int.) .June 20 British Tobacco, 2iJ on ords. (Int.). June 20 New Zealand and River Plate (Int.), 4J p.e. July 1 National Mortgage (Int.), 33 p.e. . July —

ADDINGTON STOCK SALE,

EWE LAMBS TO 20/.

(By Telegraph.—Press Association.)

CHRISTCHURCH, Wednesday

The Addington stock market was held to-day in wet, cold weather. There was an average yarding of most classes of stock, but the entry of store sheep was the smallest this season. Ewe lambs attracted attention, and prices for these recovered the casing recorded over the last few weeks to the extent of 1/ to 1/6 a head. The adult sheep offering consisted chiefly of the tail-end consignment of statiou wethers, and a few indifferent ewes. There was little animation about the sale, and values showed no quotable difference from those ruling at the previous sale. Values were:—Extra good ewes lambs to 26/; medium, 19/ to 20/G: wether lambs, 16/ to 19/; good six and eight-tooth Rom-ney-cross ewes, 31/ to 32/6; extra good four and six-tooth three-quarter-bred ewes, to 32/0; good four and six-tooth three-quarter-bred ewes, 25/ to 27/G; extra good six and 8-tooth halfbrcd ewes, 28/ to 30/; good, to 26/; good sound-mouthed halfbred ewes, to 25/; aged and inferior ewes, to 15/; good halfbred wethers, 24/ to 25/6.

Pat Lambs.—The sale was a satisfactory one throughout, with butchers and freezing works making competition. Values were much the same as they were a week ago, there being little quotable difference. Values were: Extra prime heavy Jambs, 35/1 to 37/1; prime heavy lambs. 30/ to 32/6; medium lambs, 28/ to 29/6; light lambs, 25/ to 27/6; store lambs, to 23/.

Eat Sheep.—The quality was mixed. The sale was a good one, all sorts meeting with good inquiry. Butchers competed freely for heavier ewes, which were about 1/ a head dearer than last week's, and better class wethers improved to a similar extent. The balance of the offering sold firmly, with little difference in price. Values were: Extra prime wethers, to 42/10; prime wethers. 33/6 to 35/6; medium wethers, 29/6 to 31/6; light wethers, 27/ to 29/; extra prime ewes, to 32/10; prime owes, 30/ to 32/6; medium cwea, 24/ to 28/; light ewes, 20/6 to 23/6; aged ewes, 16/6 to 18/6.

Fat Cattle. —The sale was an irregular one throughout. The yarding totalled 530 head. There was a general improvement in prices of about 10/ a head. Values per 1001b were: Extra prime beef, to 44/; prime, 39/ to 44/; medium, 34/6 to 37/; good cow beef, 32/ to 35/; plain" heavy cow beef, 28/ to 30/; rough, down to 23/6. Vealers.—A small entry was forward, the quality of which was poor. Prices showed a sharp advance on late rates. Yearling to 18-months sorts sold to £9 16/; good vealers, £6 5/ to £7 10/medium, £4 5/ to £5 15/; calves, 25/ to

Fat Pigs—Baconer's met with a fair demand on a basis equal to 5%d to 6&d per lb, porkers, 7d to 7%d.

THE PRICE OF PETROL

The average trader finds it difficult to ascertain the trend of the petrol market as fluctuations occur for no particular reason that can be discovered. According to the "Sydney Morning Herald" the world's parity price in the United States has advanced during the past few weeks, and to meet this the price of second gradespirit was raised at the end of May by one penny to 1/11 per gallon. At the same time Auckland dealers had the pleasant announcement from :distributors that all first grade spirit was to be reduced Id per gallon. Apparently petrol is cheaper in Auckland than in Sydney, for' second grade petrol is obtainable here at 1/9 per gallon.

MATAMATA STOCK SALE.

There was a big yarding of cattle and pigs at the weekly stock sale conducted by the Farmers' Co-operative Auctioneering Co., Ltd.. yesterday. Heavy fats were, however, in short supply. Stores and springing heifers of quality were inquired for. Pig prices were on a par with late rate.?.

Prices were:—Cattle: Medium fat cows, £6 19/ to £7 11/; light cows, £6 2/6 w> £6 15/; forward conditioned cows, £5 tc, £5 15/; fresh store cows, £3 19/ to £4 10/: others, £3 to- £3 10/; choice Jersey heifer calves, £5 to £0 2/6: Jersey and Jersey cross heifer calves, £3 6/ to £3 19/; yearling steers, £5; springing heifers', £10 'to £11 10/. Sheep: Forward conditioned hoggcL?, £1. . ■-.

Pigs:. Medium baconers. £3 12/ to £3 16/; light baconers. £3 3/ to £3 S/; heavy porkers. £2 10/ to £2 18/; light porkers, 35/ to 42/; slips, 15/ to 18/; weaners, 7/ to 14/.