FARMING & COMMERCIAL

Dominion, Volume 16, Issue 89, 11 January 1923, Page 10

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. 127 Cuba Street, Wellington, 10.30 a.m. —Sale of boots and shoes (Vine and Wilson). Otaki Yards, 1 p.m. —Land sale (Lalgety and Co.). Upper Hutt Yards, 1 p.m. —Stock sale. FARMING INTERESTS ADDINGTON MARKETS BY TELEGRAPH—PRESS ASSOCIATION Christchurch, January 10. There was a general all-round improvement recorded in the values of fat cattle, store sheep also being keenly sought after. The demand for the latter was unusually strong, ewes particularly selling well. Prices all round showed a tendency to rise Values were: Forward 4 and 6-tooth wethers, 265. to 275. 3di ; ordinary, 22c>. 3d. to 255. 6d. ; 2-tooth wethers, 20s. to 2is. 6(1. ; cull 2-tooth, 15s. to 19s. ; forward lambs, 245. 4d. to 265. 5d.: ordinary, 20s. to 235. 6d.; small and inferior, 16s. 7d. to IBs. ,6d-: Rood 4, G, and 8tooth ewes. 31s. to 335. ; '-rdinary, 265. 3d. to 285.; failing-mouthed ewes, _,Ps. to 235.; aged ewes, 13s. 9d. to Bs. 7d.; failing-mouthed ewes and lambs, 245. 6d. , Fat Lambs. —’There was a varcung or 3430, compared with 2650 'ast week. Heavy-weights went to the butchers, who paid up to 10)d. per lb. Graxiers got a good proportion of the n ferior sorts. Extra prime made fiom _33s. 6d. to 365.; prime, 295. 6d. to 335. ; medium. 265. 9d. to 295. ;. light- and unfinished, 235. lOd. to 265. The fat sheep entry was a small one of between seven and eight races. In a large proportion of the ewes the quality generally was indifferent. Bidding throughout was fairly brisk, practically a total clearance being effected on the whole. Values jvere Is. 6d. to 2s. 6d. per head above late rates. Average prices per lb. ranged from old. to 6Jd. for butchers’ wethers, and od. to s}d. for ewes. Extra prime wethers brought, from 345. to 38s. 3d. ; prime, 30s. to 335. 9d.; 'medium. 2bs. to 295. 6d. ; light and unfinished. 235. to 27s 6d. ; extra prime ewes, to 365. 3d. ; prime, 28s. to 295. 6d. ; medium, 245. 9d. to 275. 9d.; light, 225. ud. u> 245. 3d. ; aged and inferior, 20s. nd. tl> BVf S Cattle.—The yarding amounted to 353, against 325 last week. Ike entry included an undue proportion or old- cows and unfinished steers. \1 ellfinished steers .were* in short supply, and met w'ith better competition, prices allowing an advance to about 20s. on last week’s.. Good cow beef also showed an improvement. Well-finished (jeer averaged 30s. 6d. to 335. per , medium, 275. to 30s. ; unfinished, to 265.; old cow beef, 17s. to 20s. bd : extra prime steers, £l4 10s. to ~16 10s.; prime, £ll 15s. to £l4; medium, £9 to £ll 55.; light and unfunded £5 ss. to £8 155..; prime heifers, £7 17s. 6d. to £JO; ordinary. £4 to L 7 10s.; prime cows, £6 10s. to £lO is. 6d.; ordinary, £5 to £6 ss. ; aged and inferior, £2 12s 6d. to £l4 15s Vealers.—A fairly large entry was forward, the demand being good Last week’s values were well maintained. Good runners brought up ? o £4 12s. 6d. ; ordinary vealers, L2 us. to £3 55.: small calves, from 4s. upwards. ~ Store Cattle. —There was a medium entry, mostly of nondesciipt sorts, but values were good. Three * four-year-old steers made up io in i!s -1 3-year-old steers, £4-7s. 6d. to L 4 12s. 6d. ; 2-year-old steers, il its. to £3 55.; yearling steers, 15s. .to klls. ; good 2-year-old heifers, to £■>; z- yearold heifers, £3 ss. to £3 ;os.; extra good, 18-month-old herters, to A. 4; yearling heifers, £1 I.os. to -1. .bs.; medium to good cows, £1 (s. to LI 12s. 6d. ; poor, 13s. to 18s. , The dairy cattle entry was /ojiead, compared with 50 last wees, v mues were a shade lower than last week. Extra good second, third, and four calvers, close to calving, orotight £ll 10s. ; medium to good second, Hud, and fourth calvers, close to calving, £4 10s. to £8; good springing boners. £4 to £6 55.; medium, £2 to £3 lbs.; inferior, aged, and backward coy.s, to £2 10s. , ... Fat Pigs.—A good entry met with fair demand. Choppers fetched £2 10s. to £4 ; fight baconers, £2 los. to £3; heavy baconers, £3 2s. 6d. to £3 Bs. , extra heavy baconers, £3 10s. to L 3 18s. The average price per lb. wasfrom sfd. to 6d. Light porkers made from £1 lbs. to £2 2s. : heavy porkers, £2 ss. to -2 12s. The average price per Ibz was from 6d. to 7d. ' Store Pigs.—A medium entry met with a moderate demand. Good weaners brought up to 205.; ordinary,l.os. to 165.; slips. 17s. to 225.; medium stores. 245. to 305.; large, up to Hs.

BURNSIDE MARKETS BY TELEGRAPH. —PREFS AFSOCIATION. Dunedin, January 10. Although the vardinc of lambs was on tho small side at Burnside to-day, the quality on the whole was Hood, there being only an odd pen unfit tor freezing purposes. Competition was brisk, "and prices were about Ifi. in

advance of late rates. Export buyers were not operating for local mdustij, but secured a few pens lor noithcin freezing works. 'l’here was only a medium yarding of sheep, there being only about a dozen in wool. The yarding included many good quality ewes. Very few ewes were forward, and these sold at irregular prices. The sale opened at values ioi all prime sheep a shade below last week’s rates, mid receded further as the sale progressed. The closing sales showed a reduction of about 2s. 6d. per head. There was a good yarding of fat cattle, composed principally of wellfinished bullocks. The proportion oi cows and heifers was smaller than usual. The sale opened, at prices a shade easier than late rates, and as tr&do is quiet it was not expected that the market would firm before the close Pigs were in snort supply, and last week’s high values were fully maintained. . , • About 35 head of dairy cattle were offered. These w»re of good quality, and were expected to realise satisfactory prices. _ . 'There was no improvement m store cattle, the market prices if anything boiii fr much below those readiscd at last sale.” Sheep showed a medium yarding, numbering 2129 head. No woolly wethers were amongst the number. Itxtra prime heavy-weight wethers realiseo up to 475. 3d.; prime. 365. to 395..: medium, 31s. to 345.; lighter sorts up to 30s. Prime ewes'realised from 30s. to 335. 3d.: medium, 265. to 285.: light and aged, up to 235. A few woolly ewes realised from 395. to 445. Lambs.—A small yarding, numbering 310 head. Prime lambs realised 295. to 30s. 6d.: medium, 265. to 285.; lighter sorts, from 20s. upwards. I hese prices are on a basis of 9fd. pei >. Fat Cattle.—Medium yarding, num-berin-r 196 head. At the time of going to Dress prime bullocks realised ftom £ll P los.’to £l2 10s. ; uedium. £9 ICs to £lO 10s.; lighter sorts £8 to. ±-8 10s • prime cows and heifers realised from £6 15s. to £7 15s. ; medium £5 10s to £6 55.; light a-id aged, from £4 to £4 15s. These prices are on a basis of from 275. to 28s. per 1001 b. Store Cattle.—Medina — .ding of mixed quality. The offering included four liens of four-year-old bullocks from the Gore district. These were passed in at £7 per head, but were subsequently told privately at £7 os. per head Young and backward cattle came in ’ for verv little demand, but several pens were sold at reduced rates Pigs.—There was a- small yarding, composed principally of porkers. Coinpetition was very brisk, ana last week s prices were maintained. Best baconers realised from 7d. to Bd., and best porkers from 7-Jd. to Bd. per lb. THE WOOL MARKET ADVANCE IN PRICES AT HOBART S ALES.

(Rec. January 10, 10.10 p.m.) Hobart, January 10. .At the wool sales to-day there uas the keennest competition for .'JI classes of merinos; there, was a o per cent., and in fine crossbreds 10 to 1 a per cent, advance on the 19-—< closing sales—Press Assn.

JOHNSONVILLE FAT STOCK SALE

Messrs. Abraham and Williams Ltd. and Wright,'Stephenson, and Co., Ltd., report having held their weekly sale at Johnsonville yesterday. A small yarding of both shee;> and cattle was offered to a good attendance of butchers. All stock sold freely at prices in advance of last week’s quotations. The vealers ad/ertised did not come forwak-d. Quotations; Wethers 295. (id , maiden ewes 295. 5d., heavy ewes 29s 295. 6d„ 305., to 30s. 4d., good ewes 265. to 275. 3d.; lambs, 28s. to 28s. Bd.; best bullocks, £9 10s., £.) 155., to £lO os.; good bullocks, £8 12s. 6<l. to £9; rough cows, £3 10s.

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE

YESTERDAY’S BUSINESS AND PRICES There were no transactions recorded at the morning call yesterday. At the afternoon call sales were reported ol Wilson's Cement shares at 225. 6d., and Eastbourne Borough Council debentures at £lO5. Gilt-edged securities registered another advance yesterday. The 4} per cent. Inscribed Stock 1939, and the 4} per cent War Bonds LP4I 1939, and 1930, advanced 2s. 6d. to £'96 Ws., and the 44 per cent. War Bauds 1938. rose ss. to £96 12s. 6d Por the 5 per cent. P.O Stocks and Bonds 1927 there were buyers at £96 7s. Gd. Buvers advanced their bids 2s. 6d. to £99 17s. Gd. for the 5-J; per cent. Stocks and Bonds 1933. Bunk shares were in very good demand, ami generally showed an upward tendency. Bank of Australasia shares were Is. 6d. higher at £l3, Bank of New South Males shares were 2s. 6d. linker at .035 5s There v ere buyers oi Bank of New Zealand shares at £2 16s. 9d., and Union Bank shares at £l3 13s. cum dividend. National shares were on sale at £6 9s. 6d. '1 he shares ol financial companies were firm. Goldsbrough. -Mort, and Co.’s shares were at £2 35., and there were buyers ot National Mortgage at £3 10s., and Wellington Trust and Loan at £o 10s. Gas snares were in good demand. Auckland Gas shares £1 paid were in demand at 245. 6d., there were buyers of Christchurch Gas at £7 135., Napier Gas (£lO paid) at £l.O 7s. 6d„ Wellington Gas ordinary at £lO ICs., IVel-him-ton Gas preference shares at los. 9d.” For the Wellington Gas Company’s •debenture's buyers raised their bids 2s 6d. to £lO5 2s. 6d., but .sellers are holding for £lO5 10s. Insurance shares arc very firn?, at late ratus, National Insurance being in demand at £3 12s , New Zealand Insurance at £1 8s 3d., .ind South British Insurance at 365. Sd. N.Z. Refrigerating shares 10s. paid were Gd. higher at 15s and Gear Aleut shares were a shilling higher at 365. There was an advance of 6d. in the buying quotation for Huddart-l’arker ordinary shares. .Mosgiel Woollen shares advanced 6d. to £6 Bs. Coal and Timber shares wore without change. New Zealand Drug shares at £2 os. were 6d. higher. There were buyers of Crown Brewery sharps at £1 17s. 10d., ami there wau a vood demand for the debentures oi local bodies. Wellington Racing Club debentures werp very firm, with buyers nt £lO6 10s. Ycslerdav’s buying and selling quotations were as under:— Buyers. bellerp.

EXCHANG E RAT'ES. AUB.-N.Z. CABLE ASSOCIATION. (Rec. January 10, 7.25 p.m.) London, January 9.

Exchange on Paris, 69.05 francs to £1; Berlin, 45,500 marks; Rome, 941 lire.

LONDON STOCK EXCHANGE. AUS.-N.Z. OAJILB ASSOCIAHOM. (Rec. January 10, 7.25 p.m.) London, January 9

Waihi shares, 355.; Bank of Australasia, £l3; Bank' of New South Wales, £35 55.; Union Bank, £’l4 7s. 6d.; National Bank of New Zealand, £6 4s. 6(1., ox dividend; Bank of New Zealand, £2 14s. 6d., ex dividend; New Zealand Loan and Mercantile debentures £7l, ordinary £75 JOs. ex dividend.

UNION BANK’S DIVIDEND. (Rcc. January 10, 7.25 p.m.) London, January 9

The Union Bank has declared an interim dividend of 15 per cent., free oi income tax.

CUSTOMS REVENUE.

Customs revenue collected at the port of Wellington yesterday totalled £5369. ■

MINING NEWS

WELLINGTON SHARE MARKET

A sale of Waihi mining shares at 345. 9d. was reported yesterday. The quotations were as follow: — Buyers. Sellers. £ s. d. £ 8. d. Mt.- Lyell 10 0 — Waihi 1 14 6 1 15 0 Waihi GrauH Junction... -- 0 10 9 STOCK EXCHANGE. BY TELEGRAPH-— PRESS ASSOCIATION. Dunedin, January 10. Sales on ’Change—New Zealand Refri. gerating; 15s. 5d., two at 15s. 6d.; vV ailii, 345. 7d., two at 34c. 6d. Sales reported— Bank of New Zealand, 575. 6d.; Union Steam (pref.), 19s. 9d. Christchurch, January. 10. Sales reported—Bank of New South Wales. £-35 17s. 6d.; Union Bank. £l3 155., £l3 17s. «d.; Howard Smith, £2 6s. 6d.; Goldsbrtfugh Mort .£2 4s. Auckland. January 10. Sales—Soldiers’ Bonds, £100; Booth, Macdonald Debentures, £101; Bank of New Zealand. 575.; Standard Insurance. 345. 6d.; Auckland Gas. 245. 6d.; Waihi, 345. 9d.

£ s. d. £ B. cl. ''m’p 1939 % 10 0 — ue Insc. Stock. 193.1 « 17 6 ICO 0 0 <4 n'.e. War Bonds. 1941 96 10 0 — Al D c . War Bunds ,1939 96 10 0 97 5 0 4* p.c. War Bonds, 1938 96 12 6 97 0 € 41 p c. War Bonds, 1930 96 10 0 — 3,.£o. War Bonds, 1933 - 100 5 0

6 p.c. P.O. Bonds, 1927 96 7 5 n.e. P.O. lose. Stock, 6 6 1927 96 7 BANKSAustralasia - 13 0 e — National — 6 9 6 New South Wales 35 5 0 —— New Zealand 2 16 9 — Union (c.d.) 13 13 0 — FI NA NCIAb— Goldsbrough Mort 2 3 0 — National Mortgage ... 3 10 0 — Wei. Trust, Loan 5 10 0 — GAS— Auckland (paid) 1 4 6 — Christchurch 7 13 0 8 0 0 Napier (£10) 10 7 6 —— Wellington (ord.) 10 10 0 tprei'.J U 13 9 — Ditto UH'uiiiture.s) 1 LOo 2 6 105 10 0 Ditto (Fractions) 0 b i INS U It AN UK— National 3 12 0 — XNew Zealand 1 d 3 19 0 South British X 16 9 — MEAT F'KBBZiNti— N.z,. iteirig. uus.) 0 15 0 — 1 i4» u — Weil. Meat Export (£6 lilS. 0(1.) . 2 18 0 3 2 6 TltANsPOKT— lluddurt-Parker (ord,).. . 2 14 0 2 15 0 W UOnjuKN— Aiosgiel 6 8 0 — COAL,'j aupiri (ord. ) 0 18 0 — Westport 1 14 o — TIAtBr.lt— Taringamutu. 1 10 0 — Al lo CElua j-U U S — 0. Al. Banks (ord.) ... 1 1 6 — colonial Sugar (Aus.) 65 0 a — Crown Brewery 1 17 10 1 18 6 Ben. and Aled. Supply — 1 3 3 Howard Smith 2 5 0 — National Electric lj 19 o —- N.Z. Drug 2 15 0 — N.Z. Paper Mills 1 2 6 —— Wairarapa Farmers (£5) 4 10 0 Wairarapa Farmers (£1) — 0 18 0 Wairarapa Farmers (pref.) „. —■ 0 17 3 Wellington Cordage ... — 10 6 Whitcombe and Tombs 3 5 0 — Wilson's Cement 1 2 3 —. Well. City Council 6 p.c. Debentures — 106 0 0 Eastbourne Bor. Deb. 104 15 0 105 10 0 Makerua Drain. Deben. 97 10 0 •— Well. Bae. Club Deb. 106 10 0 —