Farming and Finance

Manawatu Times, Volume LIV, Issue 7269, 23 September 1933, Page 8

Farming and Finance

STOCK AND SHAKE MARKET FRIDAY, SEPT. 22, 1933.

Sale on 'Change, this day: Waihi, 26s 9d.

* Cum. div. UNOFFICIAL LIST. Buyers. Sellers. £ s. d. £ s. d. Invest. Exc. Trust “B” Deb. .. 89 0 0 hnith Wylie .. 0 15 0 Hawke's B. Sheep Farmers (£1 paid) ...... CHRISTCHURCH SALES. Per Press Association. CHEISTCHUBCH, Last Night. Sales on 'Change: Comm. Bank of Aust., 17s Id (7); Comm. Bank of Sydney, £lB 83 (2); E.S. and A. Bank, £5 19s; National Bank of New Zealand, £4 (3); Bank of New South Wales, £33 12s 6d (4); Bank of New Zealand, 46s Id; Union Bank of Aust., £lO 6s; Dalgety and Coy., £lO 12s 6d (2); Goldsbrough, Mort., 29s 2 (2), 29s 8d (5), 29s 7d, 29s Bd, 29s 7d, 29s 8d; New Zealand Guarantee Corporation (cum. div.), 7s 9d; New Zealand Refrigerating (£1 paid), 19s 4d; New Zealand^ Refrigerating (10s paid), 9s 9d (6); Kaiapoi Woollens (17s paid), 8s 6d (2); New Zealand Breweries, 36s 2d, 26s Id; Timaru Brewery (7s 6d paid), 26s 3d (3); Tooth's Brewery, 395; British Tobacco (cum. div.), 37b 3d, 37s Id; Dunlop Rubber (cum. div.), 18s 8d (2), 18s 8d (2); . Henry Jones Co-op., 37s 8d; Wilson's Cement, 35s 6d; Alexander Mines (13s 6d, paid, cum. div.), 21s 6d (3), 21s 3d. (3), 21s 2d (2), 21s Id (3), 21s 2d, 21s, 21s Id (4), 21s; Bell Hooper (9d paid), Is (5); Central Shotover _ (9d paid), lid; Freshford, Sd (2); Gillespie's Peach* 23 3d £4)j golopion

(cum. div.), 3s 4d; New Cornish Point (Is paid), lOd. Sales reported: Comm. Bank of Sydney, £lB Ss; Union Bank of Aust., £lO Gs Gd, £lO 6s; Dalgety and Coy. (late sale 21st), £lO 12s 6d; Goldsbrough, Mort., 0s 9d (2), 29s lOd; New Zealand Refrigerating (10s paid), 9s lOd, 9s 9§d; Ivaiapoi Woollens (17s paid), Ss sd, 8s 8d; Timaru Brewery (7s Od paid), 6s (2).

POTATO MARKET DROPPINCR.EDUCED SHIPMENTS TO THE NORTH. Per Press Association. CHRISTCHURCH, Last Night. The potato market showed little change until to-day, when there was a tendency towards lower values, yesterday business was done at £3 15s and to-day £3 10s to £3 12s 6d is quoted, with Dakotas at £4 ss. There is practically no inquiry ironi the north and shipments represent consigned potatoes. The Waimarino on Thursday night took 2809 sacks from Lyttelton, and with 1700 from Timaru, 4500 sacks went north. There arc still fair quantities of potatoes left in some districts, but opinion is that there will be a clean-up by the end of the season. The extent of the decline in the potato trade with the North Island is remarkable, as will be shown from the following figures from Lyttelton for the past four years: 1933, 96‘,080; 1932, 143,586; 1931, 247,997; 1930, 279,559. During the present season 40,000 sacks have been exported from Lyttelton and Timaru to South America.

The reduced shipments to the north indicate the extent to which production has increased in the other island. Last year there was a heavy disposal of seed to the north, but this season the quantity has been small, from which it may be inferred that northern growers arc using their own seed. Fowl wheat is unchanged at 3s Gd at Lyttelton and better than grade at 3s 7d. No. 1 Partridge peas arc worth 3s 6d a bushel on trucks, but there is no inquiry for export. Oats arc not engaging any attention. The small seeds market is lifeless, quotations being unaltered.

WOOL FIRM AT LONDON LONDON, Sept. 21. Offerings at the London wool sales today were 11,844 bales, including '3508 bales of New Zealand wool. About 7790 bales were sold. The general tone of the market continued firm, and the bulk of the offerings were sold, including sales to some Continental buyers at full recent rates. A few withdrawals were made owing to sellers’ linn limits. Greasy Victorian merinos sold at 21d to 20 3-8 d; New South Wales merinos fetched 19d to 18 3-8 d; scoured merinos from Queensland made 28d; South Australian scoured, 24d to 20£d. New Zealand scoured merino, ‘ Mako, ’ sold at 24d to 22d, and New Zealand greasy halfbreds at 16d. BUTTER MARKET HOLDS BUT “QUIETLY STEADY.” LONDON, Sept. 21. The butter market is quietly steady. Danish, 120 s per cwt.; choicest salted New Zealand and Australian, 108 s to 110 s. The cheese market remains steady. New Zealand, white 54s per cwt., coloured, 555; Australian, 525; white, 53s coloured. FEILDING STOCK MARKET EWE MUTTON DECLINES. STORE SHEEP MARKET CAUTIOUS. FIRST SPRING LAMB OFFERED.

Included in the entry of fat sheep at the Feilding stock sale yesterday was the first of this season’s offering of spring lamb, two. being sold under the hammer at 18s. Ewe mutton declined while rates for wethers remained firm and hoggets w'orc slightly stronger. There was a steadying up in the store sheep pens, where buyers were inclined to hold off feeling that tho prices of late were appreciating too rapidly. As a result there were se\ eral passings for the limited offering. Fat cattle fully held late rates with a good yarding finding buyers. Prices for store cattle were strong while dairy stock, of which there was a big offering, sold with good competition. The following aro the quotations:— Fat. sheep: (Spring lamb, 18s; hoggets, 14s, 14s Id, 16s'Id, 16s lOd, 17s 3d, 18s, 19s, 20s 3d, 22s 2d to 22s sd; wethers, 19s 6d, 22s Od, 23s 23s sd, 24s to 265; ewes, 13s 2d, 13s Od, 13s id, 13s lOd, 14s, 14s Id, 15s, 15s 3d 16s, 16s 3d, 17s 3d, 17s lOd, ISs, 18s Od, ISs 19d, 19s Od to 20s 3d. , ' Fat cattle: Cows, 38s, £2 12s 6d, £2 13s, £2 17s, £3, £3 2s 6d, £3 11s, £3 12s, £4, £4 Is, £4 ss, £4 7s 6d,_£4.9s to £a 495; bullocks, £6 14s, £7 15s, £7 19s to £8 ss; heifers, £2 7s, £3, £3 4s, £3 9s, £3 14s, £3 15s, £3 16s, £3 17s 6d, £3 18s, £3 19s Gd, £4, £4 2s, £4 2s Gd, £4 Ss to £5 19s.

Store sheep: Ewe hoggets, 16s 9d to 25s 3d; wether hoggets, 15s lOd, 16s, 16s 6d, 17s Id to 17s 2d; b.f. hoggets, 16s Id; ewes and lambs, 11s 6d to 24s 9d. Store cattle: 3-yr. mixed steers, £4 ss; 15-mos. Jersey heifers, 20s, 335, £2 13s to £2 16s; cows at late rates. Dairy stock: Springing heifers, £2, £2 Is, *£2 6s, £3, £3 10s, £3 15s, £3 17s 6d, £4, £4 ss, £4 7s Gd, £4 10s, £4 12s 6d £4 17s 6d, £5, £5 7s 6d, £5 10s, £5 12s- 6d, £5 17s Gd, £O, £6 5s to £6 10s; heifers calved, 32s 6d, 355, £2 2s 6d, £2 10s, £3 2s 6d, £3 ss, £3 10s to £4; heifer and calf, £2 12s 6d; springing cows, £2 2s Gd, £4 2s 6d to £4 5s j cow in milk, £3 ss.

TAIHAPE STOCK SALE Messrs. Dalgety and Co., Ltd., report having held their usual sale at Taihape ou Wednesday, September 20, -when a fair yarding of sheep and a small entry of cattle was submitted to a good attendance of buyers. There was good competition for ait classes of sheep and a total clearance was effected at prices satisfactory to vendors. The class of cattle yarded wore of indifferent quality and were dull of sale. The quotations were: —Fat wethers, 24s Id; lighter sorts, 21s 6d; fat ewes, prime, 18s, 18s 3d, 18s lOd to 20s 7d; lighter sorts, 11s 6d, 12s ; 16s 3d, 17s Id

f.o 17s 6d; fat cows, £4 5s to £5 Ss; store cows, 30s, 31s, 35s to .38s; yearling dairy heifers, 14s, 17s to 28s; small, 1-s; better sorts, 30s to porker pigs, 255; wcaner pigs, 14s to 17s GJ. HOME DAIRY PRODUCE PRICES The New Zealand Loan and Mercantile Agency Company, Limited report having received the following cable from their London office, under date the 21st. instant: “Butter, finest, 109 s; firsts, 106 s. Cheese, white, 545; coloured 555. Firm with upward tendency."

Wellington Stock Exchange. Morning Cali. Buyers. Bellera £ S. d. £ s. d N.Z. Govt. Loans— •1 p.o. bonds, 1940 101 0 0 — 4 p.c. bonds, 1946 100 5 0 — 4 p.e. bonds, 1949 100 15 0 — 4 p.c. bonds, 1955 100 15 0 — Kural Advc. Bond — 98 10 0 34 p.c. ins. stk., 1939-43 100 0 0 _ 31 p.c. ins. stk., 1938-43 4 p.c. ins. stk., 100 o 0 — 1940 101 0 0 101 7 6 4 p.c. ins. stk., 1946 100 5 0 — 4 p.c. ins. stk., 1949 101 10 0 — Debentures— Click. City, 54 p.c., 1944 .... 100 0 0 — Dunedin City, 54 p.c., 1944 .... Wgtn. City, 5{ 100 5 0 — p.c. (1/10/1939) — 102 10 0 Wgtn. Gas Co. .. 102 10 0 — Wgtn. llacg. Club Amid. Brick and 05 0 0 — Pipe (Welling-

ton) . . . . . . 92 0 0 97 0 0 Banks — Australasia* .. .. — 13 0 0 Comm, of Aust. (ord-) 0 1G 11 0 17 2 Comm. Bnkg. Co., Sydney .. .. 18 0 0 18 8 0 Eng., Scot, and Aust 5 19 0 6 2 G National of N.Z. 4 5 G — Nat. of A’asia. (£5) .. .. .. 6 10 6 — New South Wales — 34 0 0 New Zealand 2 5 0 6 0 New Zealand, D Long Term i 13 9 —. Union, of Aust. .. lu 4 6 10 5 0 financial — Abraham and Williarns (ord.) .. — O 0 0 Dalgety and Co. . — .10 17 G Coldsb'gh., Mort. and Co 1 9 9 1 10 0 Nat. Mortgage,

“B” 1 7. 0 N.Z. Guar. Gorp. (ord.)* N.Z. Guar. Gorp. 0 7 4 — (pref.)* .. .. N.Z. Invest., JNlor. 1 i 0 1 2 0 and Dep N.Z. Loan and 0 3 ~3 Mere., 5 p.e. (pref.) 75 0 0 Wgtn. Trust Loan 3 IS 0 — Gas— Christchurch 1 7 9 Wgtn. (ord.) I 13 3 i 13 7 Insurance — National of N.Z. 0 18 3 New Zealand 2 15 3 o 15 9 South British Meat — — 3 15 0 N.Z. Rcfrig. (£1) 0 19 2 — N.Z. Refrig. (10s) . Wgtn. Meat Ex0 9 8 ~ port (pref.) . .• Southland Frozen 0 15 6 Meat .. .. .. 0 2 11 — Gant’bury Frozen Meat (ord.) .. Transport— Union Steam 9 ii 0 — (pref.) Woollen — ' 1 4 3 i 5 11 Wgtn. (pref.) 5 10 0 5 15 0 Breweries— N.Z. Breweries .. Miscellaneous— Brit. Tobac., Aust. 1 15 9 1 10 3

(ord.)* 1 16 10 1 17 6 Colonial Sugar .. 58 15 0 59 10 0 Consol. Brick and Pipe — 0 6 9 Dominion Investmcnts ... .. 1 3 0 — Dunlop - Perdr.* 0 IS' 0 — JSieetro. Zinc (S p.c., part pref.)* 1 13 3 1 14 0 Henry Jones Co-op — 1 IS 6 Howard Smith (ord.) 0 11 0 — Northern Eoller Milling Coy., Ltd 1 8 6 — Sharland and Co. (pref.) 1 0 0 — Wilson’s Cement (cum. rights) . 1 15 3 1 16 0 Woolworths (Sydney), 2nd. pref. — 1 6 6 New Colosseum . — 2 0 0 N.Z. Newspapers* 1 7 6" 1 10 0 Prestige N.Z. Ltd. (pref.) .. .. — 1 2 0 Alining— Alexander, contr.* 1 1 0 — Big Eivcr .. .. — 0 .1 9 Gillespie’s Beach 0 2 — Golden Sands .. — 0 3 7 King Solomon* .. 0 3 4 0 3 8 Mt. Lyell .. .. 1 o 8 1 3 0 Nokomai .. .. .. 0 2 9 — Okarito 0 ii 3 0 11 6 Waihi* .. .. .. 1 6 6 1 7 0 Mataki 0 2 1 0 2 6 Oxcnb ridge .. .. 0 0 11 —