Farm and Commercial Section

Dominion, Volume 22, Issue 51, 23 November 1928, Page 14

Farm and Commercial Section

LATEST REPORTS from ALL CENTRES

AUCTION SALES TO-DAY. Elliott Street, Auckland.—Sale city property, 12 noon (Roberts and Co.) OS Manners Street, all day.—Sale of furniture (R. Wilson and Co.) Mart, Jackson Street, Petone. —Sale of furniture (Moat and Hicks)., SLUMP IN POTATOES Melbourne, November 2. • The potato market is the lowest for years, tubers selling at 15s. per ton, as stock feed. The normal price at this period is £4 10s. per ton. NO TALLOW SALES (Australian Press Assn.—United Service.) (Rec. November 22, 5.5 p.m.) London, November 21. The tallow sales were not held, owing to the small supplies. It is hoped to resume the sales on November 2S. Messrs. Dalgety and Company have received a Cablegram from London, dated November 21, reporting no quotable change in tallow.

LONDON WOOL SALES

KEEN COMPETITION OPENING RATES MAINTAINED. (Australian Press Association.) London, November 21. At the wool sales, 10,501 bales were offered, of which 0094 were Australian, and 3151 New Zealand, comprising an excellent selection of greasy merinos, suitable for all sections, a largo offering of slipes and a small supply of other sorts. Keen competition at opening rates was maintained. Individual clips realised: Terriclt, highest price, 26}d., and average 24d. Bugewong, 214 d. and 19jd.; Weilmoringle, 244 d. and 23d.; Bangate, 251 d. and 23jd".; Mosgiel, 214 d. and 19d.; scoureds —Eddington, 47d. and 44Jd.; Mount Cornish, 44Jd. and 41d.; Wiugadee, 41d. and 391 d.; Dagworth, 41d. and 37d.; New Zealand, greasy, Kapiti, 17|d. and 15d. FIRM MARKET AT SYDNEY By Telegraph.—Press Association. (Rec. November 22, 10.20 p.m.) Sydney, November 22. At the closing wool auctions of the week a firm market, with prices unchanged, again ruled, with particularly strong demand for fine quality lines. Greasy merino made 31jd. The number of bales sold was 13,103. BUTTER AND CHEESE Messrs. Joseph Nathan and Co., Ltd., have received the following cablegram from their London house, dated November 21: —New Zealand butter, 1755. to 1795. per cwt.; steady. New Zealand cheese, 1045.; coloured. 102 s. per cwt.; weak. The Loan and Mercantile Agency Co., Led., have received the following cablegram from their London house under date November 21 (last quotations in parentheses) —Butter: New Zealand choicest salted new season, 180 s. per cwt. (178 s. to 180 s.). Market steady. Cheese: 103 s. to 105 s. per cwt. (104 s. to 1075.). Market quiet. LIVE STOCK SALES WESTFIELD By Telegraph.—Press Association. Auckland, November 21. At Westfield a very heavy yarding of ox beef came forward, for which competition was limited, and in Consequence the market showed a decline. Prime, and heavy bullocks showed a drop of about 40s. a head. Light-weight prime bullocks did not show such a sharp drop, and were more in demand. Cow beef was yarded in larger numbers than usual, and hero again a drop in values was recorded. Extra choice ox sold to 435. per 1001 b., prime young cow and heifer beef 355. to 375. Sheep.—An average yarding of t-eep came forward, which sold under fair competition at rates slightly below those ruling at last week’s market. Extra heavy prime wethers, shorn, made 355. od., heavy, prime 335. 9d., medium 31s. 'Cd., light and unfinished 295. Cd., heavy prime ewes 295., lighter 2Gs., other ewes 225. Lambs.—An average yarding of spring lambs came forward, which sold at Inte rates. Heavy prime lambs made 305., medium 295. Cd., light 255. Calves were yarded in average numbers nnd prices showed a drop on last week’s rates. Runners made to £5, heavy vealers £3 10s. to £4, medium £2 14s. to £3 7s. Cd., light £2 to £2 10s., small l?s. to £1 ss. Pigs.—A good yarding of pigs sold at prices on a par with last week’s rates. Choppers made £1 to £2 55., heavy baconers £2 18s. to £3 35., medium £2 12s. to £2 Us., light £2 Bs. to £2 125.; heavy porkers £2 ss. to £2 Bs., medium £2 2s. to £2 55., light £1 15s. to £2. MASTERTON. The Wairarapa Farmers’ Co-Operative Association, Ltd. (stock department), report having offered a fairly good entry of sheep to a good attendance of buyers. Included in the offering were a few lines of shorn two and four-tooth wethers, which were the first of their kind to be auctioned in the yards for the present season. Prices were exceptionally good, as follow: 113 shorn four-tooth wethers, 28s. 4d.; 133 two-tooth wethers, 265.; 20 small two-toOth wethers, 235. 7d.; 104 woolly ewes with 100 per cent, lambs, 465. fid.; 12 woolly fat ewes, 28s. 6d.; fixe store ewes, 205.; 14 mixed sex hoggets, 335. 6d. WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES A sale on ’Change of Bank of New Zealand shares at 61s. 9d. was made at the morning call yesterday, and at the afternoon call sales were reported of National Bank of Australasia, £5 paid, at £9 125., cum. dividend; Bank of New South Wales at £5l 155., Bank of New Zealand at Cis. 9d., New Zealand Breweries at 575. 3d., Electrolytic Zinc, preference, at 375.. and Holden’s Motor Body Builders at 30s. 7Jd. There was very little inquiry for Government securities. The 41 per cent, bonds were in demand at £99 7s. Cd., and the 5i per cent, stock at £lOl. N.Z. Breweries’ stock were steady at 245. lid., and Lower Hutt Borough 5 5-8 per cent, debentures (1948) were wanted at £lOO. Bank shares were firm, with buyers of Commercial Bank of Australia at 30s. 3d., National Bank of New Zealand at £7 Is, Cd., National Bank of Austral-

asia, £5 paid, at £9 125., cum. dividend, I Bunk of New South Wales at £5l 155., Bank of New Zealand at 61s. 7d., and Union Bank at £l5 6s. Sellers quoted £l4 16s. Cd. for Bank of Australasia. Financial shares were firm and in good demand. Dalgety were wanted nt £l5 2s. Cd., Goldsbrough, Mort at 525. 3d., N.Z. Loan and Mercantile at £ll7, N.Z. and River Plate at 325. 3d., N.Z. Guaranteed Corporation, preference, at 20s. Jd., and Wellington Investment at 10s. Bd. National Insurance were steady at 16s. 9d., and South British Insurance at 635. Christchurch Gas shares were firm at 265., and Wellington Gas, ordinary, at 295. 9d. There were buyers of Gear Meat at 425. Cd., Huddnrt-Parker at 485., Kaiapoi Woollen at 13s. 3d., and Kauri Timber at 19s. Cd., cum. dividend. Brewery shares were very firm and in good demand. New Zealand Breweries were wanted at 555. 3d., Staples and Co. at 41s. 3d., nnd Ward and Co. at 425. There were Buyers of British Tobacco at 445. 3d.. Burns, Philp at 445.. ex dividend, Electrolytic Zinc, ordinary, nt 34«. 6d., and preference at 365. 9d., Holden s Motor Body Builders at 30s. 5d.. Wnlrnrnpa Farmers’ preference nt Ils. 9d., Wilson s Cement at 41s„ Gnsco Bricks at 235. Jd., and Mount Lyall at 38s. 9d.. sum. divibuying nnd selling quota-

SALES IN OTHER CENTRES (By Telegraph.—Press Association.) Auckland, November 22. Sales—lnscribed Stock, 1933, 5$ per cent., £lOl 10s.; Bank of Adelaide, £10; National Bank of Australasia, contributing, £9 125.; Bank of New Zealand, 61s. 9d.; ..Union Bank of Australia, £l5 7s. Cd.; National Insurance, 16s. lid.: South British Insurance, 645.; New Zealand Breweries, shares, 575.; Wilson’s Cement, 41s. Christchurch, November 22. Sales—New Zealand Government 5$ per cent. Inscribed, 1933, £lOl 55.; Commercial Bank of Australia, 30s. od.; New Zealand Insurance, 475. 3d.; Dalgety and Co., £l5 45., £l5 35.; New Zealand Refrigerating (£1 paid), 19s. 9d.; New Zealand Breweries, 575. (eight parcels), 575. 6d. (three parcels), 575. 9d. (three parcels), 58s. (two parcels) ; Staples Brewery, 41s. 6d.; British lobacco, 445. 6d.; Colonial Sugar, £59 10s.; Electro Zinc (preference). 3is. (five parcels) ; Holden’s Motors, 30s. nd., 30s. Bd.; New Zealand Guarantee Corporation, Bs. 7d.; Quill Morris, 18s. 3d.; Waihi, 14s. 10d., 14s. 9d., 14s. 10d.; Mnhnkipawa, Is. Id. Sales reported—Dalgety and Co., £lt> 55.; New Zealand Refrigerating. 10s. 9d.; Wilson’s Cement, 415.; Electro Zine (ordinary). 355.; New Zealand Breweries, 575. 6d. . Dunedin, November 22. Sales reported—Bank of New South Wales, £5l 17s. 6d., cum dividend; National Bank, £8 2b. 6d. COMPANY ACTIVITIES TATTERSFIELD, LIMITED Dominion Special Service. Auckland, November 22. Tattersfield, Limited’s, sixteenth annual balance-sheet shows the year’s operations to have resulted in a profit of £8963 19s. 7d after ample provision for depreciation has been allowed. The directors propose to pay a dividend of 4 per cent., amounting to £2220. An additional 1 per cent, bonus to shareholders will also be paid, making 9 per cent, for the year, bales have increased considerably during the vear Provision has been made for doubtful debts, and the building programme laid down some years ago is steadily proceeding. RENOWN COLLIERIES. The Renown Collieries, Ltd., third annual report and balance-sheet show's a loss for the year of £4651 2s. Id. Coal mining was commenced during April, but owing to an unexpected faulting in the top seam and to the consequent inferior quality of the coal, the mine output was not sufficient to produce good trading results. "During the past three months the quality of the coal has improved,. and satisfactory results have been obtained. In the coming year, after the bottom seam has been developed, better results are expected. CUSTOMS REVENUE. The Customs revenue collected at the port of Wellington yesterday totalled £13,037. FOREIGN ITEMS THE WHEAT MARKETS. (Australian Press Assn.—Dulled Service.) (Rec. November 22, 5.5 p.m.) London, November 21. Wheat.—Cargoes are fully steady, but demand is quieter and prices nominallyare unchanged. Cargo by an unnamed vessel due in January from Calcutta brought 455. 3d. per quarter. Two cargoes by unnamed vessels due in December. 465. ijd. and 465. 3d., Indian terms, nnd another by an unnamed vessel from Greece, 48s. 6d. Parcels are quieter. Some are offered at a decline of 3d. per quarter. Parcels by the City of Julie brought 475. 9d„ and by the Neleus 475. fid. Liverpool futures: December, 9s. 3 5-Bd. per cental, March 9s. lid., May ' d ' Chicago, November 21. Wheat futures: December, 1 dollar 16 5-8 cents per bushel; Marcfij 1 dollar 21 c-g cguUj 44,% A 2.4 A-8

LONDON STOCK EXCHANGE. (Australian Press Assn.—United Service.) London. November 21. Australian Mercantile Land and Finance, 4 per cent., £74 10s. ; City of Sydney, 6 per cent., 1932, £101: Dalgety and Co., shares? £l5 55.; Dalgety and Co., 4 per cent, debenture stock, £73 10s., Goldsbrough, Mort, and Co., 5 per cent. B debenture stock, £B6. AUSTRALIAN STOCKS IN NEW YORK. (Australian Press Association.) New York, November 21. Australian stocks are quoted as follow : —5 per cent. Commonwealth Government gold bonds (195 u £96 55.; r) per cent. Commonwealth Government gold bonds (1957) £96 10 s.; 4| per cent. Commonwealth gold bonds (1956). £OB 10s.; 5 per cent. New South Wales (1957), £94 10s. : 5 per cent. New South Wales loan (1958). £93 155.; 6 per cent. Queensland loan (1947). no sale; 7_ per cent. Queensland loan (1941), £lll os.

tions were as under: — N.Z. GOVT. LOANS— Buyers, e s. u. Sellers. to s. u. 4* n.c. Ins. Srk.. 1939 99 0 —- 4j p.e. ditto, 1938 ... 99 7 6 101 f>X n.c. ditto. 1933 ... — 7 0 Hl n.c. ditto. 193C ... 101 0 0 5| p.c. ditto, 1932 ... 4i p.c. Bonds, 1938 and — 99 10 0 5939 00 7 G — 41 p.e. ditto. 1930 .... debentures— — 99 12 6 N.Z. Breweries (inscr. stock) 1 4 11 1 5 1 ~, — 1 5 Lower Hutt. 56 p.c., KMi ..100 0 0 —— BANKS— -— 14 16 Commercial of Aust. 1 10 3 1 10 10 National of N.Z 7 1 (57 4 0 National of Australasia (£10) ............ 19 7 6 9 12 0 II 1(1 6 New' Soutli Wales ... 51 15 0 UJ 5 0 3 1 3 0 Ditto, long-term mortg. 1 15 8 (1 Union of Aust 15 0 0 8 6 FINANCIAL— 15 Dalgety and Co Goldsbrough Mort 15 6 7 6 12 3 N.Z. Guarantee Corp. (ord., 8a.) Ditto (pref.) 1 "o 9 0 8 8 N.Z. Loan and Mereantile (ord.) 1 L17 0 0 •—■ N.Z. and River Blate 1 12 3 —— Well Invest., T. & A. 0 10 8 * GAS— Auckland (contrib.) • — 0 18 0 1 6 0 — Wellington (ord.) ... INSURANCE— 1 9 9 — 0 19 9 0 17 0 South British 3 3 9 •— MEAT PRESERVING— o o 6 o 4 0 N.Z. Refrigerat. (10s.) TRANSPORT— — 0 9 8 Huddart-Parker (ord.) WOOLLEN— 8 0 — Kaiapoi (ord.) Wellington 0 13 3 7 *7 0 COAL— 1 11 9 Waipa 0 13 0 Puicemlro Collieries . TIMBER— — 8 7 0 0 19 6 ■ ■ ■ Leyland-O'Brien .... 1 14 6 National BREWERIES— 15 3 0 10 G -J 18 0 o 1 3 o 3 Ward and Co. MISCELLANEOUS— 2 6 British Tobacco (Aust.), (ord.) 2 4 5 8 Burns, Philp, and Co. 2 4 0 —- Electrolytic Zinc (ord.) 1 14 0 Ditto (pref.) Holden’s Motor Body 1 10 0 1 17 9 Builders 1 10 5 1 11 3 Wairarapa Farmers’ (pref.) 0 11 9 —- Wellington Cordage Co. —. 0 18 6 Wilson’s Cement 2 1 0 2 2 0 1 3 9 w — Aust. Iron and Steel ■ . 1 0 9 MINING— Waihi ■ * U 10 0 Mount Lyell 1 18 9 0 Kawarau •— 0 6