Farming and Finance

Manawatu Times, Volume LIV, Issue 7239, 19 August 1933, Page 8

Farming and Finance

STOCK AND SHARE MARKET

UNOFFICIAL LIST, Buyers. Sellers. £ s. d. £ s. d N.Z. Perpetual Forests, Ltd. (ord.) —2 10 0 Claude Neon Lights .1 S 9 113 0 .Skippers 0 0 2J CHRISTCHURCH SALES. Per Press Association. CHRISTCHURCH, Last Night. Sales on "'Change: New Zealand Government, 3i p.c. inscribed, 1938-52, £IOO ss; New Zealand Government, 4 p.c. inscribed, 1940, £lO2 2s 6d; New Zealand Government, 4 p.c. bonds, 1949, £lOl ss; Comm. Bank of Aust., 16s 2d (3); Comm. Bank of Aust. (pref.), £8 17s; Comm. Bank of Sydney, £l7 10s; National Bank of New Zealand, £4 2s; Union Bank of Aust., £9 2s; Goldsbrough, Mort., 27s 4d (2); New Zealand Refrigerating £,los paid), 7s (2); Timaru Brewery (7s Gd), 5s 6d; Dunlop Rubber, 17s 9d; Alexander Mines, 23s 9d; Bell Hooper (9d paid), 9d; Freshford, 9d (3), 7d; Gillespie’s Beach (Is paid), 2s OJd; Golden Dawn, 2s 4d; Golden Point, 2id; King Solomon, 2s (2); Mahakipawa, 24d (2); Nokomai, 3s 3d (2); Wailii Grand Junction, 3s lOd. Sales reported: Comm. Bank of Aust. (pref.), £8 17s; Canterbury Frozen Meat (ord.), £9.

LITTLE CHANGE IN POTATO VALUES

CANTERBURY PRODUCE MARKETS DUEL.

Per Press Association,

CHRISTCHURCH, Last Night. Business in practically all lines is exceedingly dull. Potatoes havo steadied a little, although there is little change in values that can be quoted. A few days ago they were £1 a ton, f.0.b., s.i., business being done at this price. Today they are about 2s Gd better owing to the very small quantities that have been going north and the assumption that stocks there must be down to a minimum. The Wingatui, during the week, took 2200 sacks from both ports and the Waipahi to-day only a small quantity.

Only about 5000 ; sacks have gone north in the last fortnight. As against this, however, is the fact that the consumption is much reduced and local supplies have spun out longer into the season. Farmers arc not overcrowding tho market. At the moment prices have got down to a point "which they consider has reached bedrock. Quotations to them are £3. Dakotas are worth from £3 10s to £3 15s on tho trucks. Fowl feed is unchanged at 3s 5d to 3s s£d, f.0.b., s.e. Oats are in little demand. There is no change in the small seeds market. YESTERDAY’S PRICES AT FEILDING STOCK SALE At the Feildiug stock sale yesterday prices for fat ewes and wethers were back while there was a good sale for wether hoggets. There was only a light entry of store sheep. Beef cattlo improved, particularly heifers.' Store cattlo met with a fair sale. Young eatllc being the chief item of the market. Dairy cattle met with a slow sale but exchanged freely. Tho prices were:— Fat sheep: Hoggets, 11s, 12s, 14s 6d to 17s 7d; ewes, 12s Gd, 13s 6d, 14s, 17s 3d, 18s 3d to 19s; maiden ewes, 20s 7d to 21s; wethers, 19s Gd, 20s, 21s 9d, 22s 9d to 235. Store sheep: Wether hoggets, 9s lOd, 13s Id, 14s Id, 15s 2d to 20s 3d; ewe, do., 15s Id; in-lamb ewes, 13s to 18s 6d; m.s. hoggets, 15s lOd; aged ewes, 6s to Gs 7d; small line ewes with 100 per cent, lambs, 355. Store cattle: Yearling P.A. steers, £1 10s to £2 3s Gd; P.A. cows and heifers, £3 2s to £3 6s; 2-year P.A. steers, £2 ,18s to £3 9s; 3-year, do., £4 4s to £4 8s Gd; do., Hereford, £4 Gs. Fat cattle: Cows, 37s Gd, £2 12s, £3 ss, £4, £4 lGs to £5; heifers, 30s, £2 13s, £3, £3 19s, £4 3s, £5 17s Gd, £6 5s to £7; light steers, £3 15s; bullocks, £6 4s. Dairy cattle: Heifers, £2 2s 6d, £3, £4 10s, £5 5s to £6 7s; heifers in milk, 355, £2 12s Gd to £3; springing cows, £2 7s Gd, £3 10s, £4, £5 to £0 10s; cows in milk, £4 to £4 ss. N.Z. LOAN & MERCANTILE AGENCY CO. The N.Z. Loan and Mercantile Agency Company, of Palmerston North, report during tho week: We held sales at Himatangi, Rongotea, Fordell and Feilding. At Himatangi the yarding comprised principally dairy cattle which sold freely and a good clearance was effected under the hammer. Prices: Springing heifers, good, £5 12s Gd to £G 7s Gd; springing heifers, fair, £4 10s to £5 10s; springing heifers, late, £3 5s to £4 ss; springing cows, best, £5 15s to £7; springing cows, £3 15s to £5 10s; cows just calved, £3 to £5 10s; store cows. 18s to 2Ss; empty sound cows, 28s to 375. At Rongotea we yarded a big entry of pigs and a fair yarding of dairy cattle. Prices were on a par with recent sales. Prices: Springing heifers, best, £G 15s; others, £3 19s to £5 7s 6d; springing cows, best, £6 to £7 15s; others, £3 17s Gd to £5 ss; store cows, 22s to 295; fat cows, light, £2 7s 6d. Pigs sold at late rates. At Fordell hogget fair we had a good entry of medium shep which met with a keen demand and a good sale resulted under the hammer. Best wether hoggets, 13s 7d, 14s, 14s 7d to 14s lOd; best ewe hoggets, 15s lOd to 17a Sd; smaller hoggets, 18s 9d, ISs Gd,'l2s to 12s sd; best wethers, 18s to 18s 9d. At Feilding sale an average entry of both sheep and cattlo came forward to a fair attendance of buyers and a good clearance under the hammer resulted. Prices: Fat hoggets, 13s 7d to 16s 3d; fat wethers, 20s to 225; store wether hoggets, 11s, 12s, 13s to 14s 7d; store ewe hoggets, 13s 9d to 15s lOd; ewes in lamb, 13s; fat cows, £3 7s Gd to £4 7s 6d; dairy cows, £5 ss; springing heifers, £3 .15s to £5 10s. DOLLAR AND POUND LONDON, Aug. 17. Exchange on New York is 4.39 dollars to £l. BUTTER MARKET ACTIVE LONDON, Aug. 17. The butter market is lirm and active. Danish, 104 s per cwt.; choicest salted und unsalted New Zealand, 91s to 925; Australian, 90s to 925. The cheese market is quiet. New Zealand white, 49s to 50s per cwt.; coloured, 525; Australian, white, 48s to 495, coloured, 49s to 50s. SYDNEY STOCK EXCHANGE SYDNEY, Aug. 18. Stock Exchange morning sales were: —Bonds, 4 per cent., 1938, £lO3 2s Gd; 1950, £lO3 10s; 1953, £lO3 15s; 1955, £104; 1957, £lO4 7s Gd. Austral Gas (ex. dividend), £7 '4s; Austral Glass, 50s; British Tobacco, 355; Colonial Sugar, £59 15s; Dunlop, Perdriau, 18s oid. PRICE OF GOLD LONDON, Aug. 17. The price of gold is £6 os 3d per line ounce. BRADFORD TOPS MARKET LONDON, Aug. 17. Owing to the holiday the quotations on the Bradford tops market are unchanged.

AUSTRALIAN PEOEUCE PRICES MELBOURNE, Aug. 18. Wheat, nominal, 3s per bushel; Hour, £S 12s Cd per ton; bran and pollard, £4 15s; oats, 2s 3d to 2s 5d per bushel; barley, English, 2s 6d to 2s 7d; maize, 4s 9d to 4s lOd; onions are weaker at from £2 10s to £2 15s per ton. SYDNEY, Aug. 17. Owing to the disorganisation of overseas markets the wheat trade is practically at a standstill. Bagged and bulk on country sidings are quoted at 3s 5d a bushel, equal to about 3s Id aud 3s respectively cx trucks, Sydney. Flour, £lO 15s a ton; bran and pollard, £5; potatoes, Tasmanian, £6 10s to £7 a ton, Victorian, £5 to £5 10s; onions, Victorian, Brown Spanish, to £4 10s; .oateu hay, Victorian, £7 10s a ton; maize, yellow and white, 4s 4d a bushel.

PKTDAY, AUGUST 18, 1933. Wellington Stock Exchange. Morning Call. Buyers. Sellers. £ 3. N.Z. Govt. Loans— d. £ S. tL 4 p.c. bonds, 1940 101 0 0 — 4 p.c. bonds, 1949 101 0 0 — 4 p.c. bonds, 1955 — 101 0 0 Hural Advc. Bond 34 p.c. ins. stk., — 98 10 0 1939-43 34 p.c. ins. stk., 100 10 0 — 1939-52 34 p.c. ins. stk., 100 2 6 — 1933-43 34 p.c. ins. stk., 100 10 0 — 1938-52 -1 p.c. ins. stk., 100 2 6 1940 i p.c. ins', stk., 99 17 6 101 0 0 1949 -i p.c. inis, stk., 101 0 0 — 1955 Debentures— Auckland City, 54 101 0 0 p.c., 1944 .... Ck’ch. City, 54 100 0 0 p.c., 1944 .... Duncuin City, 54 100 0 0 * p.c., 1944 .. .. Wgtn. City, 54 100 10 0 p.c., 1940 .... Wgtn. City, 4* p.c., June 30, 100 10 0 1943 Eastbourne Boro., 64 p.c., July 100 0 0 101 10 0 1, 1952 .. .. Auckland Hospit. Bd., 54 r>.c., 100 0 0 1943 — 100 0 0 Wgtn. Gas Co. .. 102 5 0 — Wgtn. Bacg. Club Banks— 93 0 0 — Australasia .. Comm, of Aust. 11 IS 6 12 7 6 (ord-) Eng., Scot, and 0 16 2 0 16 4 Aust 5 6 0 — National of N.Z. Nat. of Aust. 4 2 0 — (£5) 6 5 0 6 7 6 New Zealand N.Z., D Long — 2 9 3 Term 1 12 9 1 13 6 Union of Aust. .. Financial— 9 1 0 9 5 0 Dalgety and Co. . Equitable Bldg. S 15 0 — Co Goldsbr’gh, Mort. 2 10 0 and Co National Mort1 7 8 1 8 0 gage ‘ ‘ B ’’ N.Z. Guar. Corp. 1 6 0 — (ord.) N.Z. Invest., Mor. 0 6 8 0 7 0 and Dep N.Z. Loan and Merc.. 5 p.c. 0 3 3 (pre f -) Wgtn. Invest., T. — 100 0 0 & A 0 4 0 — Wgtn. Trust Loan Gas — 3 16 0 — Gisborne Insurance — 0 3 6 National of N.Z. 0 17 0 — New Zealand 2 11 3 2 12 6 South British Meat Preserving — 3 9 9 — Gear Meat .. .. — 1 12 5 N.Z. Iicf rig. (10s) Transport — Huddart - Parker 0 6 10 (ord.)* Huddart - Parker 1 10 6 — (prei.)* .. .. Union Steam 1 3 6 — (pref.) .. .. Woollen — 1 3 0 — Kaiapoi Coal — 0 7 6 — Westport. .. .. Breweries — 0 12 10 N.Z. Breweries .. Miscellaneous — Brit. Tobac., Aust. 1 15 1 (ord.) Consol. Brick and 1 14 0 Pipe 0 5 6 — D.I.C. (prof.) .. Electro. Zinc (8 p.c., part 1 0 3 (pref.) N.Z. Parmer s’ — 1 12 3 Fertiliser* 0 15 9 — N.Z. Paper Mills Sharland and Co. 1 7 0 — (ord.) Wgtn. Queen’s Theatre .. .. Wilson ’3 Cement 1 0 0 — — 1 .1 0 (cum. rights) . — 1 14 6 New Colosseum . Oil— — 2 0 0 Moturoa (ord.) .. Mining — 0 1 7 Big Kiver . , .. — 0 1 8 Gillespie’s Beach 0 I 10 0 2 2 King Solomon ., — 0 2 3 Mahakipawa 0 0 14 — Mt. Lyell .. .. — .1. 1 10 Okarito* 0 11 11 0 12 1 Waihi .. ' Waihi Grd. June1 4 9 " lion 0 3 6 0 3 10 Bell Ivilgour .... * Cum. div. 0 15