COMMERCIAL

Greymouth Evening Star, 24 June 1937, Page 10

COMMERCIAL

GOLD AND EXCHANGE. [by CABLE —PiIESS ASSN. —COPYBIGHT.] LONDON, June 23. , Gold 140/5, dollar 494 9-16, franc 110 7-8. ADDINGTON MARKET. HEAVY CATTLE ENTRY. CHRISTCHURCH, June 24. A much heavier entry of fat cattle was yarded at yesterday’s Addington market, but late values were w ? ell maintained, butchers evidently being short of supplies. There was little change in the other major sections, although fat ewes sold exceptionally

well. The store sheep entry was very light, and was comprised mainly of wethers. For forward wethers there was a free demand, one small pen making 26/-, and backward sorts down to 19/6. A pen of 54 mixed aged ewes sold at 23/5. A pen of 80 ewe hoggets made 28/8, and another of 173 24/9. Small and backward wether hoggets sold at down to 13/9. The offering of about 800 fat lambs included few prime sorts. Schedule rates were fully maintained lor the good lambs/but other sorts had a slow sale? Only two export firms, were operating. The best sale was a line of

ten, which made from 34/1 to 36/10. friers ranged from 20/10 to the latter figure. The fat sheep entry totalled about 5500 head, or 1500 less than last week. Export firms competed freely, and paid good prices for ewes. The advance, however-, was scarcely quotable. and for wethers there was a slight easing. Most of the export firms do not close down until the end of next week, which accounted * or their active participation yesterday. Values were: —Extra prime heavy wethers, to 40/10. Prime heavy wethers, 3i/- to 35/-. Prime mednimweight wethers, 27/0 to 30/-. Ordinary wethers, 24/6 to 27/-. Light wethers, to 24/-. Extra prime heavy ewes, 31/1. Price heavy ewes, 25/6 to 28/6. Prime medium-weight ewes, 23/- to 25/-. Ordinary ewes, 20/- to 22/6. Liaht ewes, to 19/-. . .

The entry of 535 head in the iat cattle section was a large increase over recent sales, and included a fair proportion of good quality cattle. the market was somewhat erratic, but tor good steers it showed little difference, while inferior cows were harder to sell, at a slight easing. Considering the large entry, the sale was a good one, and concluded firmly. Values were:—Extra prime heavy steers to £l6/17/6. Prime heavy steers, £l2/5/- to £l4/10/-. Prime medium-weight steers, £ 11/5/- to £l2/5/-. Ordinary steers, £lO to £ll. Light steers to £9/15/-. Extra nrime heifers to £l2/12/6. Prime

heifers, £7/10/- to £B/15/-. Medium heifers, £6 to £7/5/-. Light heifers to £5/10/-. Extra prime cows to £lO 17/6. Prime cows, £6 to £7/10/-. Medium cows, £4/10/- to £5/15/-. Light and aged cows, to £4/5/-. G- F Drayton (Kopara) sold eight heifers at £9/7/6 to £lO/7/6, two steers at £l4/2/6 and’ £l4/12/6 and two heifers at £B/12/6 to £lO/7/6. A moderate-sized entry of vealers was scarcely sufficient for the butchers’ requirements, and the demand was firm throughout, with an increase in values, which were: — Prime heavy runners to £7/11/-. Heavy runners, £ 4/12/6 to £5. . Medium runners, £3/12/6 to £4/12/6.

Prime vealers, £3/10/- to £4/10/-. Medium vealers, 50/- to £3/5/-. Small calves, 25/- to 40/-. In the store cattle pens there was a mixed showing o£ forward steers and cows for breeding and fattening. Prices for these were up to those of previous sales. A pen of three-yeai’ steers made £B/10/-, and another of good heifers £6/11/-. About 100 head of dairy cattle were offered, and there was a decided drop, of from 20/- to 40/- a head. Cull Spring calvers were purchased at about store values, there being little competition. Values were: —Best second and third calvers to £l2/10/-. Good second and third calvers, £8 to £ 10. Medium second and third calvers, £6 to £7/15/-. Inferior cows, £3/10/- to £5/10/-. Good three-year-old heifers, £7/10/- to £B/15/-. Medium heifers, £4/15/- to £7. Inferior, £3 to £4/10/-. In the fat pigs section, the porker entry was considerably smaller than last week, and' there was an excellent sale, prices advancing, until the last race. The prices for a medium-sized entry of baconers were scarely up to last 'week, although it was a good sale. Values were:—Choppers, 46/to £5/18/6. Porkers, small 25/6 to 33/6. Porkers, medium, 34/6 to 41/6. Porkers, good, 42/6 to 47/6. Extra good, 49/6 to 56/6. Average price per lb, 6d to 6Ad. Baconers, 53/6 to £3 7/6. Heavy baconers, £3/10/6 to £3/19/6. Extra heavy baconers, £4 4/6 to £5/9/6. Average price per lb, 6d -to 6.id.

There was a general firming in value for store pigs, of which there was a medium-sized entry. Competition was more animated than for some time. Values were: —Weaners. 7/- to 8/6, best !)/- to 12/-. Slips, 13/to 15/-. Small stores, 16/- to 19/-. Medium stores, 20/- to 24/-. Large stores, 25/- to 29/-. STOCKS AND SHARES. WELLINGTON, June 2-1. Sales: Woolworth’s Ltd. £7, Mount Lvell 40/9, 41/-. CHRISTCHURCH, June 24. Sales: Comm. Bank of Aust. 18/3, Bank of N.Z. 44/- (4), Goldsborough Mort. 36/- (cum. div). N.Z. Breweries (Rights) 21/- (2), 21/2 (2), 21/3. Broken Hill Propty. 77/6, 77/5, Electro Zinc (pref) 55/.”,, G. J. Coles .£5 1/9. .£5 1/6, £5 1/3, £5 1/-, Howard Smith 21/-, 20/11. Morts Dock 14/-. Big River l/fi.Jd. Broken Hill South 46/6 (4). Mount Morgan 12/1 (3) (cum div). Reported: N.Z. Breweries (Rights) (late sale 23rd) 21/3. Unlisted: Grey River (5/- paid) 5/1. McKenzie’s Depl. Stores 79/6 (2). DUNEDIN, .lune 24. Sales: Bank' of New Zealand £2 3/9 (2i, New Zealand Breweries (rights) £l/2/3, Broken Hill South ea/fi/u, Mount Lyell C2/0/ti (2). Big River 1/6. AUCKLAND. JiQie 21. Sales: Dominion Breweries 43-6 Radio 1936 23/-, Gillespie’s Beach 1/5. slock 43/46 £lO4/2/6. Unlisted: A u str a 1 asia 11 Fo r est ry Hon dhold e rs 1926 planting, £3l/10/-. Noon sales: Commercial Bank (") IX/4, Auckland Gas 21/X, New Zealand Breweries rights 21/6, Broken Hill Proprietary 78/-. Radio, 1936, 2.3/6; Taranaki Oil -I/-. Mount Lyell 11/-. Mount Eden Borough Council 1/4/45-50 flO4/10/-. 1 .ONDON QUOTA'I’IONS. LONDON, June 23. Gold shares are steadier, and most-

ly marked up. Imperial Airways shares dropped by 6/- to 38/9, following the announcement that 1,000,000 shares were to be issued at 30/-.