COMMERCIAL

Greymouth Evening Star, 23 July 1936, Page 8

COMMERCIAL

ADDINGTON MARKET

[FEB PBESS ASSOCIATION.]

CHRISTCHURCH, July 22. The feature of the Addington Maiket was the sharp drop in the value of fat sheep. As a result of the heavy entrv last week there was an easing of about 2/6 a head, and another excess penning was responsible for a further decline to-day of from 1/6 to 4/-, according to weight. The best of the ewes were cheaper by up to 4/-, good wethers by about 2/-. and lighter weights by 1/6 to 2/6. There were a number of passings in the final stages of the sale. Store sheep sold very firmly, values for the few good lines of ewes being fully up to the rates ruling recently. Fat cattle were. a shade easier, the penning again being a heavy one, but the sale nevertheless for prime bodies was satisfactory to vendors. In the subsidiary sections of the market there was little change, vealers and store cattle selling well. COAST STOCK SALES. At yesterday’s Addington market an exceptional line of nine heifers from Mrs. Diedrichs (Lower Kokatahi) sold at from £ll/7/6 to £ll/17/6, the average for the truck lot being £ll/10/10, the best price realised for a line of its size for a considerable time. Other sales included three heifers at £7/12/6 to £9/2/6, and six cows at £B/2/6 to £9/7/6, also on behalf of Diedrich’s Estate (Lower Kokatahi).

CATTLE IMPORTED

AUCKLAND. July 23.

Ten bulls and eleven heifers of the Aberdeen Angus breed, comprising the largest and most valuable shipment of a single breed of cattle ever landed in New Zealand, were brought from New York by the Federal steamer Cambridge, which berthed this morning.

The only mortality was the death of a calf, born the day after the cattle were shipped, and which was killed three days later by the mother rolling on it. The cattle are in charge of Clinton Blake, foreman of the Wayland Hopley Farms, lowa. All the heifers, have beeit purchased by J. R. Self, of Papatoetoe. The bulls will be sold at public auction, after being in quarantine. BUTTER AND CHEESE. A. H. Turnbull and Co., Ltd., are in receipt of a cablegram from Messrs W. Weddel and Co., Ltd., dated London, July 21, reading as follows: — Danish butter, 127/- per cwt.; New Zealand finest 118/-; Kangaroo 117/-. Market quiet. New Zealand cheese, white 63/- per cwt.; coloured 62/-. Market quiet. GOLD AND EXCHANGE. LONDON, July 22. Gold 138/10, dollar 502 5-8, franc 75 29-32. STOCKS AND SHARES. CHRISTCHURCH, July 23. Sales; Commercial Bank of Australia (cum. div.) 18/8, Bank of New Zealand 40/6 (2), Timaru Brewery (in liquidation) 14/6, British Tobacco 40/4, Broken Hill Proprietary 73/4, G. J. Coles 78/- (4), 78/4 (3), Morts Dock (cum. div.) 12/-, Big River 2/1, Mount Lyell 27/4, Mount Morgan 14/5. Unlisted: Woolworth’s (Sydney, ord.) £5/13/6.

DUNEDIN, July 23

Salos: Guarantee Corporation 5/5. Reoported: Commercial Bank 18/8. 18/9 (two late yesterday), Westport Coal £l/2/9 (odd lot. late yesterday), Coles £3/18/6, Electrolytic Zinc (ord) £2/2/3, Mount Lyell £l/7/3 (two late yesterday).

AUCKLAND, July 23

Sales, morning call: Northern Steam a/9, Dunlop 18/8, Coin. Bank 18/9, Kauri 23/9, Bycroft 40/-, Banks New Zealand 40/3, N.S. Wales £32 15/-, Stock 52/55, £lO5/2/6. Noon: Gas 25/7: Woolworth's Pref. 36/6; Bycroft 40/-: Glass 92/6; Tiproff ex rights 40/-. SHIP.

WELLINGTON. July 23.

Sales: Stock 1940 £lOB/2/6, Mount Morgan 14/7, Selfridge’s new 25/9, Shillings 16/3, Wilsons Cement 40/-.

SYDNEY, July 23

Commercial Bank of Sydney £2O 13/-, Bank of New South Wales £33 17/6, Anthony Hordern 19/11, Associated News 23/-, British Tobacco 41/6, Burns Philp 73/9, Colonial Sugar £43/10/-, Dunlops 18/71, General Industries 19/101, Morris Hedstrom 27/6.