LIVE STOCK SALES

Dominion, Volume 21, Issue 17, 14 October 1927, Page 14

LIVE STOCK SALES

BURNSIDE Dunedin, October 12. Generally sheep sold at about the same prices as last week at the Burnside stock sales, and in the early part of the sale. Fat cattle prices were advanced about £l. Pigs showed little improvement. Fat Oattlc.—A yarding of 205. It was a good average yarding, including some extra heavy bullorks and a sprinkling of fair to prime cows, and a few heifers. When the demand opened there was good competition. Prices were advanced £1 on last week's rates. Prices. Extra heavy bullocks £l9 10s. to £2O 155., prime £l5 to £lB, medium £l3 to £l4 10s.: best cows £l2 ss. to £l3 10s., medium £9 15s. to £ll 55.; best heifers £ll 15s. to £l3. medium £9 10s. to £lO 155.; extra heavy ox beef 425. per 1001 b.. prime light 455. to 475. 6d.. heifer 425. 6d., old cows and light heifers 30s. to 375. 6(1. Fat Sheep.—A penning of 1805. The entry comprised good quality full-wool crossbred wethers, together with about 100 fine wools and a sprinkling of medium to prime ewes. The demand was firm to a shade better than last sale's best rates, to continue until a couple of races were sold. The sale eased about midday to about previous week's lowest values. Medium weights met with a fair demand in comparison with heavy sheep. Prices ran out on all classes much on a par with those of last week. Prices: Extra heavy wethers 565. to 575. 60.. prime heavy 50s. to 525.. medium 425. to 455.. light 33s to 365. 9d.; liest heavy ewes 41s. 3d. to 445.. medium 365. to 385.. light 30s. to 335.; extra heavy wethers 7d. per lb., prime light 7Jd. to 8d„ prime ewes 6d.. old ewes s)d. Spring Lambs. —Twenty-two spring lambs 'were forwarded. They were all prime quality. A few small and young lambs were included. Prices: Best lambs 41s. to 435. 6d., lighter 365. to 415., medium 28s. 6d. to 325.; price per lb., from Is. 3d. to Is. 9d. Store Cattle —About 100 store cattle were yarded. With the exception of some thrcc-year and two-year-olds, the yarding was made up of capital cows. Prices for cows advanced ss. to 10s. per head. Steers failed to sell at auction. Pigs.—A penning of 101 fats and 60 stores. There was a dragging demand for the fats and the stores showed little improvement.

The New Zcf.land Farmers’ Co-operative Distributing C’o., Ltd., report, having held their weekly sale at Masterton, when they offered a fair yarding of sheep, cattle, and pigs, to a good attendance. The sheep consisted of fat shorn ewes, which sold from 18s. to 21s. 6d.: good Jersey cows, in milk a month, brought £7 to £9; springing cows, £5 10s. to £6 10s. There were 66 pigs yarded, and in consequeuce the prices were easier, as follow: Slips. 255. to 265. 6d.; wcaners. from 15s. to 21s. COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the afternoon call yesterday sales wore reported of Bank of New Zealand shares at 575. Bd., and an odd parcel at 575. fid., and New Zealand Breweries shares at 445. Government securities were again very firm. The -1} pcr cents, at £9O ss. were up 2s. Cd., and the 51 per cent, bonds wore unchanged at £lOl. Wellington Gas (debentures) were firm at £99 55., and New Zealand Breweries (10 per cent, bonds) at 235. fid. Bank shares were very firm. There were buyers of Commercial Bank (ordinaryO at 275. lid., English, Scottish, and Australian Bank at £7 95., National Bank of Australasia (£5 paid) at £8 10s., Bank of New South Wales at £44 55., a rise of 7s. Cd., and Bank of New Zealand at 575. 3d. Sellers quoted £l4 14s. for Bank of Australasia, and £l5 for Union Bank. Financial shares rvere in good demand, buyers offering £8 15s. for Equitable Building Bs. 2d. for New Zealand Guarantee Corporation (ordinary), 9s. sd. for New Zealand Investment, 10s. sd. for Wellington Investment. and £6 14s. for Wellington Trust and Loan. Christchurch Gas shares were steady at 225. fid., and Wellington Gas (ordinary) at 275. Cd. Huddart-Parkcr (ordinary) were in steady demand at 4fis. Cd. Coal shares were firm. Taupiri (ordinary) at 255., and Westport at 345. 911. Brewery shares were in better de-, mand, with buyers offering 435. 3d. for New Zealand Breweries, 375, fid. for Staples and Co., and 395. for Tui Brewery. In the miscellaneous section there were buyers of Burns, Philp, and Co. at 3Gs. 3d., D.I.C. (preference) at 20s. 9d. (cum. dividend), Howard Smith at 295. fid., Dominion Investments at 225. fid., Scoullar Company at 215., Sharland and Co. (ordinary) at 20s. 9d.. Taranaki Oil at 7s. fid., Wellington Queen’s Theatre at 205., and Wilson’s Cement at 3fis. fid. Yesterday’s buying and selling quotations were as under: — Buyers. Sellers.

SALES IN OTHER CENTRES Bv Teleouafh.—Phsss Association. Auckland, October 13. Sales.-War Loan (I'Btf). 4i per cent., £97 155.; Commercial Bank of Australm, 285.; Union of Autlralia. £l4 18b 6d.; National Insurance. 795. 6d. : Farmers’ Co-operative Auctioneering (B prefJ, 155.; Renown Collieries (contrib.), 7s. 9d.; Auckland Gas. 22s lid.; Kauri Timber, 245. 6d.; Sanford Ltd.. 245. 3d.; A.lburnia. 35.; Golden Ago'(contrib.), 2d.; Lucky Shot (2s. paid). Is 9<L; Ohinemuri. Bs., Bs. Id., 8s„ Bs. 2d. Christchurch, October 13 Sales Reported -Commercial Bank of Australia, 28s. (two parcels), 38 s. Id. (three parcels); National Bank of Australasia (£5 paid), £8 10s.; Dalget.y and Co £l3 (new); New Zealand Refrigerating (contrib.).’ 7s. 9d. (two parcels); Henry iToncs Co-opM 345. 6(1, .. Sales.—Commercial Bank of Australia, 285., 28h. Id-: Howard Smith. 30b.. 30s. 3d.; New Zealand RefriperaUng (contrib.), 7s. 9d * Electrolytic Zmc (pref.). 31s. Wd. (two parcels). ounadjn| Ootobcr „ Sales.—Commercial Bank, 28s. 3d.. 28s. ld Sale Reported.—Bank of Now Zealand,

N.Z. GOVT. LOANS— £ s. d. £ B. d. 44 p.c. Ins. Stk., 1939 96 0 —— 44 p.c. ditto, 1938 .... 96 5* n.c. ditto. 1933 .... 100 t) 0 —— 17 « 101 —— 54 p.c. ditto, 1936 .... 100 17 6 10 0 5i p.c. ditto, 1927/1941 98 0 0 98 li> 0 P.C. Bonds, 1939 .. 96 u 0 .—- 41 p.c. ditto, 1938 .... 96 fi 0 —— 54 p.c. ditto, 1933 .... 101 0 0 101 — 54 p.c. ditto. 1936 .... 101 0 0 10 0 5 p.c. P.O. Ins. Stk., 1929 — 99 0 0 DEBENTURES— Wellington Gns .. .99 5 0 —■ N.Z. Breweries (bonds) 1 3 6 1 o 9 BANKS— Australasia 14 14 0 Commercial of Aust. (ord.) 1 Y 11 1 8 4 English, Scottish, and Australian 7 9 0 National of Australasia (£5) * 10 0 — New South Wales .... 44 5 0 •— 9 New Zealand ........ 2 17 3 17 Union of Aust, u.... —— 15 0 0 FINANCIAL— Equitable Building .. 8 15 0 9 0 N.Z. Guarantee Corp. • (ord., 8s.) 0 8 J. n 8 9 N.Z. Investment 0 9 5 0 10 0 Wellington Investment 0 Well. Trust, Loan .. 6 10 Jj -—•• 14 0 ——• GAS— Christchurch 1 6 Wellington (ord.) ... 1 6 1 s 3 INSURANCE— 4 National — 1 0 MEAT PRESERVING— N.Z. Kefricjerat. (10s.) .— 0 8 0 TRANSPORT— TIuddart-Parker (ord.) 2 G 6 —— P. and O. def. stock.. .— 271 0 0 COAL— Taupiri (ord.) 1 0 —— Westport 1 14 9 •— Westport-Stockton (pref.) — 0 3 9 TIMBER— Levland-O’Brlen .... —— 1 18 9 National 0 13 6 BREWERIES— New Zealand 2 3 —- Staples and Co .1 Tui 1 17 6 — 19 0 — Ward and Co — 1 18 6 MISCELLANEOUS— 3 British Tobacco (ord.) —. 0 6 Burns, Philp, and Co. 1 16 o —— D.I.C., 7s. 6d. paid (ord.) —— 0 18 3 Ditto (pref.) 1 0 9 — Electrolytic Zinc (ord.) —— 1 J I 3 Ditto (prof.) — 1 12 7 Howard Smith 1 9 c — N.Z. Drug —• 3 4 6 N.Z. Paper Mills .... 0 17 3 Dominion Investments 1 2 6 —. ScouIIar Co 1 1 0 Slmrland & Co. (ord.) 1 0 9 1 1 3 Taranaki Oil Fields.. 0 7 6 —— Well. Queen's Theatre 1 0 0 Wilson's Cement .... 1 16 6 MINING — Mount Lyell •.... 1 7 0 — — WaHii (cnm.) —— 1 3 0 Progress Mines 0 0 4