FARMING AND COMMERCIAL

Manawatu Standard, Volume LI, Issue 204, 30 July 1931, Page 5

FARMING AND COMMERCIAL

SALE AT ADDINGTON. ADVANCE IN PRICE OF STORE SHEEP. „ Per Press Association. CHRISTCHURCH, July 29. At tho Addington market, heavy entries were the rule to-day in all tho fat stock sections, due, to somo extent, to tho approach of the Grand National holiday weok. Fat cattle cased by up to 25s a head, and sheep scarcoly maintained tho preceding week’s values. A slightly larger entry of storo sheep sold well at an advance of up to Is. a head. Good ewes were in request. Store Sheep.—Good two-tooth halfbred owes, 16s 6d to 17s 6d; ordinary two-tooth halfbred ewes to 13s 6d; good two-tooth threo-quarterbrod ewes to 17s 9d; good s.m. half and threo-quartorbred owes, 14s to 15s 6d; medium s.m. half and thrccquarterbred owes, 10s 6d to 12s; ordinary s.m. half and three-quarterbred ewes, 8s to 9s 6d; good halfbred wethers to 13s 3d; ordinary halfbred wethers, 10s to 11s; ordinary wether hoggets to 9s lOd. Fat Sheep.—A heavy entry of exceptionally well-finished sheep sold at slightly easier rates. It was a good sale. Shorn wethers made up to 30s; extra prime, 21s to 235; prime, 17s 6d to 20s; others, 10s to 17s; extra prime, heavy ewes,, to 23s 6d; prime heavy. 17s to 19s; prime, 14s 6d to 10s 6d; others, 8s to 14s; best hoggets, 18s to 235. Fat Cattle. —An entry of 500 head, 50 per cent, more than normal. Over 100 head of prime cattle came from tho North Island. Tho over-supply caused last week’s improvement of £1 a head to disappear. Best ox beef made 30s per 1001 b; heavyweight, 24s to 275, and ordinary 20s to 235. Extra prime heavy steers to £l7 2s 6dprime heavy. £ll 5s to £l4; medium weight, £8 15s to £lO 15s; ordinary, £6 5s to £B-10s; inferior, £5 to £6; extra prime heifers, £ll 12s 6d; prime, £8 5s to £10; mcdiqm, £5 15s to £8; light,

£3 15s to £5 ss; extra prime cows to £ll 12s 6d; prime £7 5s to £9 15s; medium, £5 5s to £7 Is; rough, £3 to £5. Fat Rigs.—There was littlo change in prices. Choppers, 50s to £5 18s 6d; baconors, 47s 6d to 54s 6d; heavy, to £3 14s 6d (average price per lb, 44d) ; porkers, 36s to 45s 6d (average price per lb, 5Jd to 63d). Storo pigs had a good markot, weaners making 16s to 255; stores, 24s to 345; sows in pig, to £5 ss. JOHNSONVILLE SALE. At Johnsonvillo sale yesterday values of all classes of stock were firm, tho pricos [or ewes showing a rise of Is to Is 6d a head. Wright, Stephenson and Co., Ltd., and Abraham and Williams, Ltd., offered an average yarding of cattlo and a smaller yarding than usual of sheep, Cattlo comprised mostly prime weight quality bullocks with several pens of prime quality cows and heifers. Competition throughout the sale was keen, particularly for prime quality stock. Prices were on a par with last week’s rates. Sheep: A good sale, wethers showing no alteration in last week’s ratos, but ewes firm to tho extent of Is to Is 6d per head. Lambs, which were yarded in small numbers, mot with a good sale. Prices ranged as follow: Prime heavy bullocks, £9 10s, £9 2s 6d, £9, £8 17s 6d, £8 15s, £8 10s; bullocks, £B, £7 17s 6d, £7 12s 6d, £7 ss; bullocks, light, £6 17s 6d, £6 15s, £6 10s, £6 7s 6d to £5 10s; cows, heavy, £6 10s, £6 ss, £6 2s 6d, £5 17s 6d, to £5 10s; cows, £5 is 6d, £5, £4 17s 6d to £3 17s 6d; cows, plain, £3 15s, £3 10s, £2 10s; vealers, 31s, 295; wethers, heavy, 18s 6d, 18s 3d, 18s, 17s 6d, 17s; wethers, lfie 6d, 16s 3d, 16s to 15s 6d; ewes, heavy, lbs 6d, 16s, 15s 9d, 15s 6d; ewes, 15s, 14a 9d, 14s 6d, 14s; lambs, 16s, 15s 9d, 15s 6d, 15s to 13s 6d. STOCK MARKET. Wright, Stephenson and Co., Ltd., in conjunction with Associated Live Stock Auctioneers, Ltd., report having held a sale of pedigree and grade Jersey cattle on account of Mr R. Power at his homestead, Westmere, on Tuesday. While thero was quite a good attendance bidding was not animated though practically the whole catalogue wa3 cleared. The grade Jersey heifers met a ready sale and the following are quotations: Pedigree Jersey heifers, 84 gns, lOgns, llgns, 13gns, 134gns, 17gns; pedigree Jersey cows, 84gns; young pedigree Jersey bulls, 64gns, 7igns, llgns; grade Jersey springing heifers, £6 ss, £7 ss, £7 15s, £B, £8 2s 6d, £8 7<s 6d, £9.

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. Littlo chango was apparent in the demand for stocks and shares on tho Wellington Stock Exchange yesterday. Thero wero moro sellers than buyers for Government stocks and bonds. The 44 per cent, stocks, 1938, wero steady at £99 ss, and the 5i per cents., stocks and bonds, 1932, wero unchanged at £99 15s. Tho 44 per cent, bonds, 1941, changed hands at £99 10s. For Auckland City 54 per cents., 1944, Wellington City 54 per cents., 1940, and Wellington Harbour Board 54 per cents., 1940, £97 5s was bid for each. Bank shares wore inclined to easo in somo cases. Bank of Australasia wero wanted at £8 15s 3d, whilo on Monday £9 was olfered for them. Commercial Bank of Australia ordinary, were steady at 14s. English, Scottish and Australian Bank wero down 2s 6d and £3 15s. National Bank c,[ Australasia, £lO paid, at £9 10s, wero 2s 6d lower. Bank of New South Wales wero up 5s at £24 10s. Bank of New Zealand were 3d higher at 48s 9d, with a sale reported at 495; tho long term shares wero also 3d higher at 26s 9d; Union Bank of Australia wero down another Is to £6 14s, ‘

Dalgcty and Co. were steady at £6 6s, and New Zealand Loan and Mercantile ordinary stock wero also steady at £4l. Thero was no demand for insurance shares. Gas shares were firm, Christchurch Gas at 25s and Wellington Gas at 275, bbth cum dividend. Gear Meat were steady at 255, and Now Zealand Refrigerating, 10s paid, at 3s Id. Huddart-Parker, ordinary wero firm at 20s, and Union Steam wero wanted at 19s lOd. Westport Coal wero up 3d at 23s 3d; Leyland-O’Brion Timber wero again wanted at 21s. Brewery shares wero weaker. Various rumours wero floating around yesterday with respect to the beer duty. New Zealand Breweries wero in domand at 31s 9d, and three parcels changed hands at 325. Staples and Co. were wanted at 30s 6d, with a sale reported at 30s lid. Colonial Sugar wero in demand at £33, but sellers asked £35. Wilson’s Cement were firm at 365. YESTERDAY’S QUOTATIONS. <

Buying and selling quotations at yesterday’s final call on tho Wellington Stock Exchange wero as follow: —

YESTERDAY’S SALES. The following sales were recorded on tho 6tock exchanges of the Dominion yesterday : Wellington.—N.Z. Govt. Bonds, 44 p.c., 1941, £99 10s; Bank of New Zealand, £2 9s; New Zealand Breweries (3), £1 12s; Staples and Co., £1 10s lid; Okarito Dredging, 10s 9d; Waihi Grand Junction, 4s 2d. Auckland.—Auckland City, 5* p.c., 1965, £94; Bank of Austraalsia, £9 Is; Bank of New Zealand, £2 9s sd; New Zealand Breweries, £1 12s; British Tobacco, £1 4s 2d; N.Z. Farmers’ Fertiliser, 10s; King Solomon, 3s; Waihi, 15s 9d; Waihi Grand Junction (3), 3s 9d. Christchurch.—Riccarton Borough, 5j p.c., maturing October 1, 1931, £100; Commercial Bank of Aust., cum. div. (6), 14s Id; Union Bank of Aust., cum. div. (2), £6 16s; Goldsbrough, Mort, £1 0s 3d; Beath and Co., Is paid, 2s 8d; King Solomon (4), 3s; Mahakipawa (2), 8d; Okarito, 10s 3d; Waihi Grand Junction (2), 3s lid. Sales reported: Inscr. Stock, 54 p.c., 1933, £99 ss; British Tobacco, £1 4s 2d, £1 4s; Commercial Bank of Aust., cum. div., 14s 24d. Dunedin.—Okarito, 10s sd; Bank of New Zealand £2 9s 3d; Canterbury Frozen Meat, £3 12s ud; Bank of Australasia, £9. FOREIGN EXCHANGES. LONDON, July 28.

The solution of tho openness in cheese problem may lio in tho use of moro rennet at certain times of tho year, according to a remark made by tho chairman, Mr J. R. Corrigan, at tho Hawera Dairy Company’s annual meeting. He said he had received this information from Professor W. Riddet.

PRICE OF SILVER. LONDON, July 28. Silver.—Cash and forward, 12 15-16 d per oz. MELBOURNE WOOL SALES. MELBORUNE, July 29. The floods having disorganised shearing in the Riverina and Northern Victoria, the Melbourne wool sales fixed for Sentember 28 will probably be postponed for one month.

N.Z. GOVT. LOANS— Buyers Sellers £ s. d. £ 6. d. 44 p.o. Insc. Stk., 1938 99 5 0 99 17 b 5j p.c. ditto, 1933 — 99 17 6 p.c. ditto, 1932 99 15 0 — 5i p.c. bonds, 1933 ... — 100 0 0 5i p.c. ditto, 1933 . 99 0 0 5i p.c. ditto, 1932 99 15 0 — DEBENTURES— Lyttelton Harb. Bd., 5i p.c., 1/6/53 — 98 0 0 Wgtn. Harbour Board, ■54 p.c., 1940 97 5 0 — Wellington City, 54 p.c., 1940 97 5 0 — Auckland City, 54 p.c., 1944 97 5 0 — Ditto, 51 p.c., 1949 — 96 5 0 Lower Hutt Boro., 6 p.c. 1/4/44 — 101 10 0 Rangitikei County, 6 p.c., 1/7/43 — 101 10 0 Central Elec. Pwr. Bd., 53 p.c., 1/7/57 — 100 0 0 BANKS— Australasia 8 15 3 9 1 0 Aust. of Commerce ... — 0 14 0 Comm, of Aust., ord. 0 14 0 *0 14 4 Eng., Scot, and Aust. 3 15 0 4 0 0 National N.Z — 4 3 b Nat- A’asia (£10) 9 10 0 — Ditto (£5) — 4 12 6 New South Wales .... 24 10 0 — New Zealand 2 8 9 2 9 3 Ditto, long term 1 6 9 — Union of Australia ... FINANCIAL6 14 0 6 17 0 Dalgety and Co Abraham and Williams 6 6 0 — (ord.) — 3 17 0 Goldsbrough Mort — 1 0 6 N.Z. Guar. G’orp., ord. — 0 5 0 N.Z. Invest., Mtg. and Deposit — 0 10 3 N.Z. Loan and Mere., ord 41 0 0 50 0 0 GASChristchurch *1 5 0 — Wellington, ord *1 7 0 — INSURANCE— National — 0 13 2 MEAT PRESERVING— Gear ; 1 5 0 1 7 6 N.Z. Rcfrigerat, (10s) 0 3 1 — TRANSPORT— Huddart, Parker, ord. 1 0 0 — Ditto, prof — 0 17 9 Union Steam, prof. . 0 19 10 — P. and 0. stock — 1 9 0 WOOLLEN— Wellington, ord — *4 14 0 COAL— Westport 1 3 3 — Grey Valley — 0 18 6 TIMBER— Loyland-O’Brien 1 1 0 — BREWERIES— New Zealand 1 11 9 — Staples and Co 1 10 6 1 11 5 MISCELLANEOUS— British Tobacco, ord. 1 4 3 Burns, Philp and Co. — 1 10 0 Colonial Sugar 33 0 0 35 0 0 Electro. Zinc, pref. .. 0 15 0 0 16 6 Howard Smith, ord. . — 0 7 0 Sharland and Co., ord. — 0 17 0 Ditto, pref Wilson’s Cement 1 16 0 18 6 0 — OILMoturoa — 0 5 6 MINING— i\*ount Lyell — 0 17 6 Waihi Grand Junction 0 3 6 0 4 2 King Solomon 0 2 9 — Okarito 0 10 *Cum. dividend. 9

The following rates on foreign exchanges are current to-day, aa compared with par: — July 28. Par. N. York, dol. to £1 4.85 9-16 4.866 Monteal, dol. to £1 4.87 5-16 4.866 Paris, francs to £1 123.90 124.21 Brussels, bel. to £1 34.79 35.00 Geneva, francs to £1 24.89 25.225 Amsterdam, florins to £1 12.04* 12.1*77 Milan, lire to £1 92.80 92.46 Berlin, marks to £1 20.50 20.43 Stockholm, knr. to £1 ... 18.155 18.159 Copenhagen, knr. to £1 18.165 18.159 Oslo, knr. to £1 18.165 18.159 Vienna, echgs to £1 34.55 34.585 Prague, knr. to £l 164 164.25 Hel’fors, marks to £1 ... 193 193.23 Madrid, pee. to £1 53,55 25.225 Lisbon, esc. to £1 110 4.50 Athens, drach. to £1 375 - 375 Bucharest, lei to £1 Etio'de Janeiro pence to 817 813.6 milreis 31 16.70 B. Aires, p. to peso 331 47.62 M. Video, p. to peso 241 51 Calcutta, p. to rup 173 18 Shanghai, p. to dol 141 — H.Kong, p. to dol HI — Y’hama, p. to yen 24 13-32 24.57