COMMERCIAL

Greymouth Evening Star, 18 February 1937, Page 8

COMMERCIAL

SYDNEY WOOL SALES. [BY CABLE —PBEfeiS ASSN. OOPYBIOHT.J SYDNEY, February 17. At the Sydney wool sales 12 608 bales were offered, 10,308 being sold at auction and 1124 privately. All good wools sold freely at firm rates, while irregularity continued with regard to inferior and doubtful yielding lines. Greasy merino made 30id.

WOOL FOR U.S.A. BOSTON, February 17. A shipment of 28,822 bales of Australian. wool arrived on board the Taronga. It was valued by the customs at 3,250,000 dollars, and duties were fixed at 1,725,000 dollars. Recent heavy wool imports, gave shipping agents a difficult task to find' space for the mammoth shipment. INVERCARGILL CHEQUE. INVERCARGILL, February 17. The total realisation from the first Invercargill wool sale held on February 5, was £545,350. The offering was 26,039 bales, of which only 41 bales were passed, so that the clearance can be described as complete. The average price a bale was. £2O 19/6, and the average price a pound 15.7(1. „„ QCl n The offering last year was 26,969 bales, of which 389 bales were passed, and the total return was £309,873 The average price a bale was £l* 1/4, and the average price a pound 8.76 d.

GOLD AND EXCHANGE. LONDON, February 17. Gold 142/OS, dollar 489 J, franc 105 - ADDINGTON MARKET. LAMB AND BEEF FIRM. ' CHRISTCHURCH, February 18. A smaller entry of fat cattle at yesterday’s Addington market saw beef prices fully recover the loss of last week, while generally the other sections were firm, especially fat lambs. There was the 'largest store sheep entry of' the season, 16,000 head, and a steady demand existed for the better ewes, which were firm on last week’s rates. There was a market for good store lambs, although secondary and culls were 1/- to 1/6 a head cheaper. The bulk of the good rape lambs came from the West Coast. Lambs sold from 16/8 to 23/6 for wethers, from 21/- to 23/6 for ewes, and from 16/6 to 22/6 for mixed sex. Ewes sold at from 19/6 to 45/-, depending on age and quality. An improvement in quality was noticeable in the entry of 1600 head of fat lambs, which wa,s barely sufficient to meet requirements. The market was very active and good light lambs were 6d to 9d a head dearer. Exporters were paying full schedule rates. Among the West Coast sales were:' Greymouth Jockey Club 84 at 21/7 to 24/7; client 65 at 22/10 to 39/10; B. Steel (Greymouth), 57 at 24/10 to 28/10; W. O’Malley (Ikamatua), 16 at 25/7; and client, 35 at 21/10 to 28/1. Values were: —Extra prime heavy lambs to 34/7; prime heavy lambs 29/- to 31/-; prime med-ium-weight lambs; 26/6 to 28/6; ordinary lambs 24/6 to 26/-; light lambs to 25/-. Despite the fact that it was the

largest of the season, the fat sheep entry contained a big proportion of secondary sorts. Exporters operated freely for suitable sorts and for the best ewes and wethers, there was a very free sale at last week’s rate's, but other types were inclined to be .easier. - Values, were: —Extra prime heavy wethers to 37/1; prime heavy wethers 28/6 to 30/-; prime mediumweight wethers 26/- to 28/-; ordinary (wethers 23/- to 25/G; light wethers to 22/6; extra prime heavy ewes to 26/4; prime heavy ewes 23/9 to 25/-; prime medium-weight ewes 21/- to 23/6; ordinary ewes 19/6 to 20/9; light ewes to 19/-. There was an entry of 3GO fat cattle, the smaller number allowing the drop of last week to be fully recovered, although the quality was not greatly improved. The market throughout was active, at firm rates. Good quality steers and the better class cows and heifers were £1 to 25/- a head dearer, while unattractive sorts were also a little dearer. McDonald Bros. (Totara Flat) sold three baby steers at £B/7/6 to £lO/12/6 and 6 heifers at £B/7/6 to £lO/12/6. Values were: —Extra prime. heavy steers to £l5/7/6; prime heavy steers £ll/15/- to £l3/10/-; prime medium weight steers, £lO/10/- to £l2; ordinary steers £8 to £10; light steers to £7/15/-; extra prime heifers to £l2 2/6; prime heifers £8 to £9/10/-; medium heifers £6 to £7/15/-; light heifers to £5/15/-; extra prime cows to £ll/2/6; prime cows £6/5/- to £8; ordinary cows £4/15/- to £6; light cows to £4/10/-. There was a full yayding of vealers. The market was short of good prime handy-weights, and the demand for these was keen, -fully recovering the slight easing of the previous two weeks. Values were: —Heavy runners to £6/11/-; good runners, £4 15/- to £5/15/-; medium runners, £3 10/. to £4/10/-; best vealers, £3/5/to £4/10/-; medium vealers, 35/- to 55/-; small vealers from 18/-. Practicaly all classes in the medium entry of store cattle met a good demand, at prices on a par with last week. Fresh cows made to £5/4/-, medium to good cows from £4 to £4 10/-, yearling heifers from £3/4/- to £3/11/-, and 18 months heifers to £1 12/-.

The entry of dairy cattle was 70 head, a little smaller than last week. Quality was only fair. Values were down all round by £1 a. head. The best price was £ll, paid for an outstanding cow. There was again a medium entry in the pork section, but prices showed a slight easing all round. Baconers were yarded in large numbers, and considering the entry the market was a good one. Choppers were forward in smaller numbers, and met with quite good competition. Values were: — Choppers, 54/G to £4/8/6; porkers, 31/G to 34/6; heavy porkers, 36/6' to 46/6; average price per lb., 5Sd to 6}d; baconers from 48/6 to 56/6; medium baconers, 58/6 to £3/5/6; heavy baconers. £3/9/6 to £4/4/6; average price per lb., s? ( d to 6d. The entry in the store pig section was full, and the sale throughout was in vendors’ favour, prices .still retaining last week’s high level. Large stores were in particularly keen demand. Values: —Small weavers, 14/- to 16/6; good weaners, 17/- to £ll

1/-; small stores, 24/- to 27/-; large stores, 29/- to 35/-. STOCKS AND SHARES. CHRISTCHURCH, February 18. Sales 4 per cent Inscr. 1943-46, £lOl 17/6; Bank of New Zealand,, 40/8, 40/7 (3); N.Z. Refrig. (£1 pd. cum div) 20/3; Aust. Glass 93/4; Dunlop Rubber 19/2 (3); G. J. Coles £5/5/6 (2), £5/5/9 (2), £5/6/-; Gillespies Beach (cum div.) 1/6?.; Skippers 3 4 d (2); Mount Lyell 46/9 (3); Mount; Morgan 17/1. Reported: National Bank of N.Z.’6l/9. Unlisted: Woolworth’s (Sydney, ord.) £B/8/- (4); Woolworths (W.A.) £7/5/3. AUCKLAND, February 18. Sales: Gillespie’s Beach 1/6J, Rotoiti Timber 5/6, Morts 14/-, Macky Logan 23/-, Breweries 59/-, Broken Hill 85/-, Glass 94/-, Coles £5/6/-, stocks 39/43 £lOl/12/6, (46/49) £lO3/10/-, (52-55) £lO3/10/-, Seldridge’s (new) 38/-. Noon: Sanford 4/8, Mort’s 14/2, Gas 21/-, Commercial Bank 19/5, Kauri 23/8, Bank of New Zealand 40/9, Mt. Lyell 47/lid, 47/2, New Zealand Insurance 61/7Jd, Woolworth’s New Zealand £7 4/6, Sydney £7 9/-, Brick Auckland 1944 £lO3 10/-, Commercial Bank pref £9 2/6. DUNEDIN, February 18.

Sales: Associated News pref General Industries 20/2, G. J. Coles £5 7/- (late yesterday), Caldwell Wines 13/-, Mort’s Dock 13/9, Mount Lyell 47/- (2), Mount Morgan 17/1 (late yesterday), Talisman Dubbo 8/10. After Call: Commercial Bank 19/5, Broken Hill Propty 85/- (3), Contributing 72/9, Mount Morgan 17/2. WELLINGTON, February 18. Sales: South British 99/- Taranaki Oil 2/9, 3i per cent. Stock 1938-52 £lOl 15/-, Electro Zinc 58/7, Skippers 3d, Mt. Lyell 47/-, Mt. Morgan 17/1. SYDNEY, February 18. Sales: National Bank (£5 paid) £7/14/6; Bank New South Wales £37/2/6, Toohey’s 37/-, Tooth’s 57/9, British Tobacco 53/6, Broken Hill Pty. 86/-, Ditto new, 73/6, Drug Houses 27/4J, Electrolytic Zinc 58/-, Ditto pref. 60/-, Henry Jones 47/3.