FARMING AND COMMERCIAL

Manawatu Standard, Volume L, Issue 120, 17 April 1930, Page 5

FARMING AND COMMERCIAL

FEILDING SALE. DULL MARKET. (Special to “Standard.”) FEILDING, April 17. Tho mid-week sale yesterday in Feilding attracted both a very small yarding of stock and an attendance of the public, and the prices obtained were scarcely an indication of market conditions. Most of the store sheep were passed and fats sold at more or less nominal value. Store cattle were in light supply and tho fat races were also understocked, tho beasts on sale not being of a gleat weight. Prices were as follow, , .. Fat Sheep.—Lambs, 13s 9d, 14s 6d, 15s, 18s; owes, 13s 2d, 15s Bd, 17s 7d; 2-tooths, 21s 6d, 265; wethers, 235. Store Sheep.—B.f. rape lambs, Us 2d, 13s 8d; empty ewes, 10s Id; 2-tooth wethers, 19s; w.f. lambs, 14s 6d. Dairy Stock.—Springing cows, £B, £lO, £ll 5s to £l3 ss; springing heifers, £7 6s. Store Cattlo—Heifers r.w.b. £3 7s 6d, £6 3s; wcaner heifers," £l, £1 15s, £1 17s, £2 10s; P.A. heifers and cow 3, £8 2s; forward cows, £2 7s 6d, £3 12s 6d to £4 ss. Fat Cattle.—Cows, £5 15s, £6, £6 5s to £8 8a; bullocks, £8 10s. Dalgoty and Coy., Ltd., report that only a small entry of stock came to hand ana tho attendance was not large. Quotations: Fat wethers, light, 235; fat 2-ths, 213 6d; extra good b.f. 2-ths, 265; fat ewes, 17s 7d; M.A. wethers, 19s; cull ewe lambs, 9s 7d; 4 and 5-yr, owes .r.w, S.D. rams, 18s, 19s; 4-th to 5-yr owes r.w.; S.D. rams, 223; springing heifers, £8 10s, £9; springing cows, £9, £10; empty cows, £4 10s, £4 15s; fat cows £6 10s, £7 ss; 2i-yr. steers, P.A., £7 15s. STOCK MARKET. Dalgety and Co., Ltd., report having had a good entry of both sheep and cattle at their Ashhurst salo on Tuesday. Quotations : Shorn wether lambs, lie; small wether lambs, 7s 3d, 7s 6d; good b.f. lambs. 14s 9d; • medium b.f. lambs, 11s; empty ewes, 7s 3d, 8s 9d, 10s 8d; cull ewes, ss; springing cows, £9 10s j empty cows, £2, £2 2s, £3 10s, £4; light fat cows, £4 10s, £4 17s 6d, £5, £5 2s _6d; small weaner heifers, 275; 18-mos. heifers r.w.b., £4 17s 6d. AUSTRALIAN PRODUCE. ' ’ SYDNEY, April 16. Wheat, bulked 4s 8d per bushol, bagged 4s 9d. Flour, £ll per ton. Pollard, £7 15s per ton. Bran, £7 10s per ton. Potatoes, Tasmanian £lO to £ll per ton. Victorian £9. Onions: Victorian brown Spanish, £5 per ton. Oats, while 3s 9d per bushel, Algerian 4s. Maize, yellow 7s 3d per bushel, white 7s. ADELAIDE, April 16. Wheat, 4s 3jd per bushel. Flour, £lO 5s per ton. Bran, £6 5s per ton. Pollard, £7 17s 6d per ton, Oats, 2s 9d per bushel.

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. Seven sales -were reported on the Wellington Stock Exchango yesterday, and four of theso wore of bank shares. Government securities were again in fair domand. Tho 4i per cent, stocks (1939 and 1938) and bonds (1941) were steady at £97 10a; tho 4i per cent, bonds (1939 and 1938) were firmer at £97 15s, and the 4i per cent, bonds (1930) at £99 7s 6d; the 5i per cent. (1933) were steady, stocks at £99 5s and bonds at £99 7s 6d. Wellington Harbour Board debentures wdre in good demand tho 4i per cents. (1946) at £B3 7s 6d and tho 5i per cent. (1940) at £9B. Bank shares were slow with few buyers. Bank of Australasia at £l2 5s wore Is down and Australian Bank of Commerce w*ro wanted at 23s 6d, with sales the previous day at 24s 3d. National Bank of Australasia, £5 paid, were Is higher at £7 Is; Bank of Now South Wales were unchanged at £3B 15s, and Bank of New Zealand long term" were also unchanged at 26s 6d. Union Bank at £ll 15s were 2s 6d down on tho last bid. Thero wero many sellers of bank shares. In respect of other shares there was littlo business offering. Gas shares were steady with buyers of Auckland Gas at 23s 4d, and Wellington Gas at 30s, National Insurance wore 2d down at 14s 3d, but South British Insurance wero steady at 61s. Huddart-Parker wero up 6d at 38s 3d; Ivclburn Trams at 29s 6d show a sharp advance of 3s; Westport Coal wero wanted at 3s, and Kauri Timber wero firmer at 13s. Crown Breweries were unchanged at 8s 6d, but New Zealand Breweries wero 3d bettor at 52s 6d. Staples and Co. wero steady at 48s, and British Tobacbo at 40s. YESTERDAY’S QUOTATIONS.

Buying and selling quotations at the final call yesterday on tho Wellington

*Cum dividend.

YESTERDAY’S SALES.

The following sales were recorded, on the Stock Exchanges of the Dominion yesterday;— Wellington.—N.Z. Government 5i p.c. Bonds (1933), £99 7s 6d; Commercial Bank, £1 2s; Bank of New South Walos, £39; Bank of New Zealand (long term), £1 7s; Kelburn Trams (two), £1 10s; British Tobacco, £2 Os 2d. Auckland.—Auckland Harbour Board, 1937, £96; Commercial Bank of Australia, £2l Is lOd; National Bank of Australasia, £l4 13s 6d; South British, £3 Is 9d; Northern Boot and Shoe, 8s; N.Z. Farmers’ Fertiliser, 18s 9d; Wilson’s Cement, £1 19s lOJd; Waihi (late sale Tuesday), 13s lid. Christchurch.—N.Z. Government 4i p.c. inscr., 1938, £97 12s 6d; Commercial Bank of Sydney (3), £2O 10s; Staples’ Brewei7, £2 8s 9d; Tooth’s Brewery, £1 lls 4d; British Tobacco, £2, £1 19s lid; Mt. Lyell, £1 13s 6d, £1 13s sd, £1 12s, (3) £1 12s 3d. Sales reported: E.S. and A. Bank, £6 12s 6d; Now Zealand Breweries, £2 13s Bd, (2) £2 13s 7d, (2) £2 13s 9d; Colonial Sugar, £4O; Mt. Lyell (2), £1 12s 3d; Tooth’s Brewery, £1 Is 9d. Dunedin.—-Sales reported: New Zealand Brewery shares, £2 13s 6d; Donaghy’s Hope and Twine, £1 16s. LONDON STOCK EXCHANGE. 1 LONDON, April 15. On the Stock Exchange to-day quotations of Australian and_ New Zealand banks and other corporation shares and stocks compare with previous quotations

MELBOURNE HIDES SALE. , . MELBOURNE, April 16. At to-day’s hides sales, values were firm except for light kips, which showed an easer tendency.

FOREIGN EXCHANGES. v " (British Official Wireless). RUGBY, April 15. Tho following rates on foreign exchanges are current to-day, as compared with par: Apr. 15. Par.

GOLD AND SILVER. LONDON, April 15. Gold, £4 4s 10id per ounce. Silver. —Spot, 19 9-16 d per ounce; forward, 19id per ounce. STOCK MARKET. SALE AT ADDINGTON. LATE RATES MAINTAINED. Per Press Association CHRISTCHURCH, April 16. Oh account of tho uncertainty of tho freezing position" and tho intervention of the Easter holidays, entries in all fat stook sections aro smaller to-day, and last week’s values wero more than retained. The storo sheop entry showed littlo improvement in values. The best longwools and crossbred ewes improved by up to Is 6d a head, but the bulk of tho entry, halfbreds and Corricdales, receded by that much except for good sorts. Good two-tooth Romney ewes brought to 28s 9d; good six-tooth threoquarterbred to 30s; good two anfl fourtooth threo-quarterbrod to 295; good s.s. threo-quarterbred, 20s to 225; ordinary two-tooth halfbred owes to 19s Id; backwardbred ewes, 13s • lOd to 17s; six and

eight-tooth crossbred ewes, 17s 6d to 20s; two-tooth crossbred ewos to 20s; s.m. halfbred owes, -16 s to 10s; ordinary s.m. halfbred owes, 13s to Ms 6d; best two-four, and six-tooth crossbred owes, to 255; f,m. half bred ewes, 10s to 12s; aged halfbred ewes, 5s to 7s; ordinary two-tooth Corriedalo ewes, 19s to 20s lOd; s.m. Corriedalo ewes, 15s 6d to 16s 6d; ordinary halfbred wethers, to 15s 9d; light-conditioned wethers to 12s; forward wether lambs, 14s 6d to 16s lOd; medium wether lambs, 12s to 14s: small wether lambs, 9s to 11s 6d; cull wether lambs, 6s to 7s 9d; tn.s. lambs, to 12s 4d; owo lambs, to 12s 2d. There .was a small entry of 700 fat lambs, which sold at a slightly improved demand. Exporters took a small proportion. Values averaged from 6id a lb to 7jd. y Tho yarding of fat sheep was about half tho normal size on account of tho holiday at the works. Tho fall last week of Is 6d a head was recovered to-day. Values were: Primo wethers to 30s lOd; prime wethers, 26s to 28s; medium wethers, 22s 6d to 25s 6d; light wethers, 18s to 225; extra primo ewes, to 25s 4d; primo ewes, 18s to 21s; ordinary ewes, 15s to 17s; light and aged ewos, 10s to 14s. A small entry of 365 fat cattle came forward. The few good cattle showed a slight rise, other qualities' being practically unaltered. Best beef made from 38s to 41s per 1001 b; medium and heavy, 34s to 375; and indifferent down to 27s 6d; extra prime heavy steers, £lB to £22 12s 6d; prime heavy steers, £ls 5s to £l7 15s; primo medium weight steers, £l2 5s to £ls; ordinary quality steers, £9 15s to £l2; light steers, £8 to £9 2s 6d; extra primo heifers to £l3 17s 6d; primo heifers, £7 15e to £10; light heifers, £6 to £7 10s; extra prime cows to £l3 10s; prime cows, £9 15s to £l2 ss; ordinary cows, £7 5s to £9 10s; light cows, £5 to £7. Thoro was a dull sale for vealers with a drop of 20s to 30s a head. Tho top prico was £6 2s. The store cattle mado a poor yarding, both in numbers and quality. A pen of 2i-year steers ( was passed at £9 ss. Thoro was a good salo for cows close to profit. Values: Best £l3 to £ls; others, £9 to £l2 10s; best heifers to £l4 10s; good, £ll to £l3 10s; others, £7 to £lO 10s. Tho fat pigs mado a heavy entry, particularly porkers. Tho sale was slow. Values: Porkers, 48s to 555; heavy porkers, 58s to £3 3s; average price per lb, 7id to Bjd; light baconcrs; £3 10s to £3 17s 6d; heavy baconcrs, £4 to £4 10s; extra heavy baconers to £5 7s 6d; average price por lb, 6d to 6jd. Tho entry of store pigs was a largo one. All classes were decidedly easier, weaners selling with difficulty. Large stores, 35s to 41s; medium stores, 22s to 275; small stores, 17s to 21s; 'weaners, 4s 6d to 14s.

Stock Exchange were as follow: — Buyers. Sellers. N.Z. GOVT LOANS- £ s. d. £ s. d. 44 p.c. Ins. Stk., 19*59 97 10 0 — 4£ p.c. ditto, 1938 97 10 0 98 0 0 5£ p.c. ditto, 1933 99 5 0 — 4£ p.c. Bonds, 1941 ... 4j p.c. ditto, 1939 and 97 10 0 — ly38 97 15 0 — 5£ p.c. ditto, 1933 99 7 6 — 4£ p.c. ditto, 1930 99 5 0 — DEBENTURES— 1 Well. Harbour Board, 4£ p.c., 1946 Ditto, 5£ p.o., 1940 ... BANKS— 83 7 6 — 98 0 0 99 0 0 Australasia Australian Bank of 12 5 0 12 12 6 Commerce Commercial of Aust. 13 6 14 1 (ord.) Commercial Banking — 12 0 Co. (Sydney) English, Scottish and — 21 0 0 Australian — 6 15 0 National of N.Z National of Australasia — 6 7 6 (£10) — 15 0 .0 Ditto (£5) 7 10 7 2 6 New South Wales ... 38 15 0 39 5 0 New Zealand — 2 19 0 Ditto (long terra) 16 6 — Union of Australia ... Ditto (Melbourne re- — 11 19 o" gister) 11 15 0 12 0 0 FINANCIAL— Goldsbrough Mort .... N.Z. Guarantee Gorp. — 1 10 6 (ord.) — 0 8 2 • Well. Trust and Loan GAS— — 7 4 0 Auckland (paid) 13 4 - Wellington (ord.) .... INSURANCE— 1 10 0 — National 0 14 3 0 14 9 South British MEAT PRESERVING— 3 10 3 2 3 Gear — 1 19 0 N.Z. Rcfrigerat. (10s) TRANSPORT— — 0 5 3 Huddart-Parker (ord.) 1 18 3 2 0 0 Ditto (pref.) - 0 19 6 P. and 0. def. stock .. - 2 15 6 Kelburn Tram (ord.) WOOLLEN— 19 6 — Wellington (ord.) - 6 0 0 Ditto (pref.) COAL- — 6 3 0 Westport 1 11 0 — Westport-Stockton (ord.) — 0 2 11 Ditto (pref.) — 0 4 0 Waipa TIMBER — *0 12 6 Kauri 0 13 0 0 14 6 Leyland-O’Brien - 1 10 0 National - 0 9 0 Rotoiti BREWERIES— — . 0 15 0 Crown 0 8 6 — New Zealand 2 12 6 2 13 6 Staples and Co MISCELLANEOUS— 2 8 0 - Burns, Philp ‘and Co. - 1 16 9 Aust. Iron and Steel (pref.) British Tobacco (Aust.) — *0 19 6 (ord.) 2 0 0 2 0 6 Dental and Medical . — 0 13 6 Electro. Zinc (ord.) .. , — 16 9 Ditto (pref.) — 17 9 Holden’s Motor Bldrs. — 0 14 6 Howard Smith (ord.) — 0 17 6 N.Z. Drug N.Z. Farmers Fer- - 3 3 0 tiliser Sharland and Co. - 0 19 9 (ord.) — 10 0 Wilson’s Cement MINING— — 2 0 6 Mount Lycll — 1 13 6 Waihi 0 13 8 — Kawarau — 0 0 7

as follow: — Apr. 1. Apr.! 15. £ a. d. £ s. d. Bank of Australasia' 11 16 10* 11 18 9 Bank of N.S.W 37 17 6 38 0 0 Union Bank of Aus10 17 tralia 6 10 15 0 National Bank of N.Z 6 9 6 6 12 6 Bank of N.Z., 4 p.c. 95 0 guar, stk 0 94 0 0 Ditto, shareB 2 14 4i 2 15 0 N.Z. Loan and Merc. first mortgage, 4 p.c. debentures ... 71 0 0 71 0 0 N.Z Loan and Merc. ordinary stock ... 102 10 0 102 10 0

N. York, dol. to £1 . 4.86i 4.866 Montreal, dol to £1 . 4.86i 4.866 Paris, francs to £1 . 124.055 124.21 Brussels, bol. to £1 .. 34.835 35.00 Geneva, francs to £1 25.85 25.2215 Amsterdam, florins to £1 12.095 12.107 Milan, lire to £1 .... 92.76 92.46 Berlin, marks to £1 . 20.38 20.43 Stockholm, knr. to £1 18.09 18.159 Copenhagen, knr. to £i 18.16 18.159 Oslo, 'knr. to £1 18.165 18.159 Vienna, schgs. to £1 34.525 34.585 Prague, knr. to £1 164.25 164.125 Hel’fors, mks to £1 . 193.25 193.23 Madrid, pcs. to £1 ., 38.965 25.2215 Lisbon, esc. to £1 100.30 * Athens, drac. ;o £1 . 375 375 Bucharest, lei to £1 .. Rio do Janeiro pence to 818 813.6 milreis ' 5 13-16 5.899 B. Aires, p. to dol. \. 43 9-16 47.577 Calcutta, p. to rup. .. 17 13-16 18 Shanghai, p. to tael 235 — II. -Kong, p. to dol. . 18 — Y’hnma, p. to yen 24g 24.58 Batavia, florins to £1 12.095 12.107