COMMERCIAL

Hokitika Guardian, 6 October 1936, Page 6

COMMERCIAL

ARAHURA STOCK SALE

Messrs W. .Teffres and Co report:—

A yarding of 110 fat cattle was forward for this fixture and tihe quality for the most part was good. There was a very good attendance of butchers and the sale could be considered a good one throughout with perhaps a slight easing tendency toward the finish. The range of prices were on a par with recetit rates. Ox beef made 37s Gd to 40s per 100, heifer beef 36s 6d to 28s Gd. Of our total entry of 83 head all were satisfactorily sold. A line of 19 bullocks from Messrs Perry and Co., averaged £l4 os per head whilst heifers sold on account of th,e same vendors averaged £l2 2s 3d. Our range of prices is as follows : —On account O’Neill Bros., 2 cows £9 17s 61, 5 cows at £8 12s 6d, 2 cows at £8 25,6d,0 cows at £7 12s 6d, 3 cows at £7 7s 6d, 3 heifers at £7 7s 6d, 3 heifers £7 2s 6d, 1 cow at £5 12s Gd, 2 cows at £5 7s 6d; account Juo Ward 1 heifer at £9 12s Gd; account Perry and Co., 3 bullocks at £ls I7s Gd, 2 at £ls 2s Gd, 3 at £ls, 2 at - J -i4 75.6 d, 2 at ~£l4-2s Gd,.2- at £l3 17s 6d, 2 at £l3 12s Gd, 4 at £l2 12s 6d, 4 heifers at £l3 2s Gd, 4 at £l2 12s Gd, 4 at £l2 2s 6d, 2 at £ll 2s 6d, 3 at £lO 7s Gd, 3 cows at £9 12s Gd, 1 cow at £ll 2s Gd, 16 steers on account of H. Olderog brought £4 ss.

BRITISH MARKETS STRONG

(United Press Association—By Electru

Telegraph—Copyright).

LONDON, October 4

The stock markets account ended cheerfully after what,might have been a disturbed week following the revaluation of the franc. The success of Friday’s working of the international monetary arrangement, assisted by the absence of repercussions' in Paris, where the Bourse is reopening after a week stimulated London security markets. Gilt edged stocks, which were affected by an undue bbarishness earlier in the week Complete! v recoverd. Dominion stocks were firm.

Iron and steel appreciated on Sir Samuel Hoare’s hint of an acceleration of rearmament, and industrials reflected the market’s view that devaluation did not threaten British industry.

The continuance of British trade recovery is instanced by the fact‘that more than £1,000.000,000 more is circulating now in trade and industry than at the corresponding time last year. According. to the bankers defining house, cheques and bills dealt with last week were £162,291.000, making a total increase in the first three quarters of the year approximately £1,130,000,000. Emphasising the strength of the wool market as evidenced at the Australian saies. experts point out that Yorkshire thereby is showing buyers’ confidence in present values and topmakers feel that the Japanese cannot remain aloof much longer.

Butter has been fairly active this week, Australian and New Zealand recovering to lOos. Subsequently they declined to 104 s, partly as a result of a denial of a report that America intended to impose a dumping duty against Continentals and also to the fact that buyers acquired a fortnight’s stocks. Cheese recovered in sympathy with butter.