Farming and Finance

Manawatu Times, Volume LIV, Issue 7299, 28 October 1933, Page 8

Farming and Finance

STOCK AND SHARE MARKET FRIDAY, OCTOBER 27, 1933.

CHRISTCHURCH SALES. Per Press Association. CHRISTCHURCH, Last Night. Sales on 'Change: New Zealand Government, 4 per cent, inscribed, 1946, £lOl 15s; New Zealand Government, 4 per cent, inscribed, 1949, £IOO 15s (2), odd lots; Ashburton Electric, SJ: p.c., 17/12/39, £IOO 10s; Lank of Australasia, £l2 15s; Comm. Bank of Aust., 17s (2); Comm. Bank of Sydney, £l7 15s 6d, £l7 15s (2); Bank of New Zealand, 46s Od (3); Union Bank of Aust., £lO 7s; Goldsbrougb, Mort., 29s Sd; New Zealand Refrigerating (£1 paid), 19s Sd; New Zealand Refrigerating (10s paid), 9s 4d, 9s 7d (2); Kaiapoi Woollens (17s paid), 8s 3d; Dunlop Rubber, 18s 9d (4); Electro. Zinc (ord.), 25s Od; Electro. Zinc (pref., cum. div.), 34s lOd; Mt. Lyell, 23s Id; Gillespie's Beach, 2s Id (3), 2s lid; Waitahu, 6s old. Sales reported: 20, Comm. Hank of Sydney, £l7 15s; Union Bank of Aust., £ld Bsv, £lO 7s 6d; New Zealand Loan and Mercantile (ord. stk.), £6O. FEILDING STOCK SALE SECOND CATTLE PAIR. PRICES SHOW DECLINE. The high values that ruled for young cattle at the fair in Feilding a fortnight back were not sustained at the supplementary fair held yesterday when a large offering came under the hammer. Earlier values were admittedly in excess of those justified by the prevailing conditions and those who purchased on that high market yesterday found, in the case of the young cattle, rates operating more in keeping with the general farming situation. As far as grown cattle were concerned yesterday’s prices were on a par with those which obtained at the fair a fortnight ago. Eat cattle found the market quite buoyant with values fully up to late rates. Dairy lines were in shorter supply and sales were fairly steady at rates in keeping with the quality of the stock. A short supply of fat sheep found local buyers ready to raise their limits and values lifted for all classes. '• The store sheep pens were practically negccted, the offering being confined to ewes with lambs at foot when sold at market values. The following are the quotations: — Fat sheep: Hoggets, 17s Sd, 18s 7d, 20s 4d, 20s 6d, 235, 23s lOd to 24s 3d; shorn ewes, 143 Sd, 15s, 15s 3d, 15s 7d, 17s, 17s Bd, 18s 2d, 19s Id to 21s; maiden ewes, 20s; woolly ewes, 20s tc 235; woolly wethers, 24s 7d to 255; shorn wethers, 16s lOd, 20s 51 to 21s; b.f. 2-th’s., 21s 9d to 23s 10d. Fat cattle: Cows, £2, £2 6s, £2 5s 6d ,£2 10s, £2 17s, £2 17s 6d, £3, £3 Is, £3 4s, £3 12s Od, £3 13s, £4 6s, £4 10s, £4 15s, £5, £5 10s to £6; heifers, £2 9s, £2 10s Od, £3 Is, £3 15s, £4 12s Gd, £4 15s, £5 7s 6d to £5 17s 6d; bullocks, £6 12s Od, £6 15s to £7; vealers, £2 17s 6d. Store sheep: Ewes and lambs, 22s la, 26s 2d, 26s 3d, 26s 6d, 27s 3d to 28s. Store cattle: 2-yr. P.A. steers, £3 ss, £3 10s, £3 13s, £3 14s to £3 15s; 2-yr. Hereford steers £2 19s to £3 13s; 24-yr. P.A. heifers, £2 4s Gd, £3 7s to £3 12s; empty S.H. cows, £2 5s to £3 6s, 1.4. cows, £2 6s to £3; Red Pull yearlong steers, 37s Gd; mixed coloured cows, £2 15s to £2 16s; yearling P.A. steers, £2 Ss Gd, £2 11s to £2 10s; 4-vr. Hereford bullocks, £4, £4 ss, £4 17s to £5; 4-yr. P.A. bullocks, £4 18s to £5 2s; yearling Jersey heifers, 30s, 335, 34s Gd, 365, 37s Od, £2 Is, £2 11s, £2 13s, £2 16s, £2 15s, £2 19s, £2 19s 6d to £3; cows, 19s Od, 22s 6d, 27s Gd, 30s, #3s to 345; 3-yr. steers, £4 3s; coloured yearling steers, i)c 34s 6d to 365; P.A. yearling heifers, £1 18s, £2 4s, £2 5, £2 7s to £2 9s; mixed coloured steers, £2 9s to £3. Dairy cattle: Springing heifers, £2 10s, £2 15s, £3 7s GJ. £3 17s Od, £4, £4 15s, £5 2s 6d, £5 ss, £5 10s to £6 ss; heifers in milk, £2, £2 10s, £2 17s o-J, £3 5s to £3 17s Gd; springing cows, £4 7s, £ 410 s, £5 2s Gd to £5 15s; cows in milk, 27s Gd, £2 2s Gd to £3 2s Gd. BUTTER AND CHEESE DULL MARKETS. LONDON, Oct. 26. The butter market is dull. Danish, 112 s to 114 s per cwt.; choicest salted New Zealand, 965; Australian, 95s to 90s. Unsalted butters are about 10s premium. . The cheese market is slow. New Zealand, coloured 47s per cwt., white 4Ss; Australian, 45s to 465. P.N. WOOL, SKIN, HIDE AND TALLOW SALE The noticeable feature of the monthly sale of wool, sheepskins, hides and tallow conducted by Abraham and Williams, Ltd., was the marked increase in values for all sheepskins. Competition throughout was very keen at prices in most cases in favour of sellers. Wool: In agreement with the present tone of the market values rose Id per lb, Sheepskins: The demand was very keen and buyers' limits were more elastic and were above our last sale as much as 2d per lb. for dry skins. Salted skins also sold much better. Hides: For heavier sorts of ox the market was better by id to sd, while lighter sorts were firm. Cow hides, however, wero easier by id to id per lb. Calfskins were also easier Id per lb. Tallow: The market for poorer sorts was better, but other sorts were slightly easier. The following is our range of values: — Wool: Southdown, 8)d to lOd; line hoggets, 7fd to Sid; medium Xbred, 7d to 7 3-Sd; coarse, 5d to 6Jd; dead, 5d to 6Jd; bellies and pieces, 24d to 3*d; crutchings, Ist., none, 2nd., 3Jd to 4id. Sheepskins.—Dry: Fine hoggets, 9d to 9id; fine Xbred, 7id to 9£d; three-quarter-full wools, GJd to Sfdj quarterhalf wools, 5Jd to 6jd; shorts, 4jd to 54d; pelts, to 31d; lambs (spring), to l-3d; dead, 3Jd to 4id; seedy, 5d to GJd; damaged, sfd to 7d; inferior, damaged, 2Jd to 4d. Salted: Hgts., pelts, to 9d; pelts, Is to Is 3d. Hides: Ox, heavy, Gd to 6Jd; ox., medium, to 6 3-8 d; ox, light, to 6d; cow, heavy, 4 5-8 d to sid; cow, medium, 4 7-8 d to 5 3-8 d; cow, light, sid to 5 7-Sd;

yearlings, 5d to 74d; yearlings, cut, none; calf, light, Ist., 8 3-8 d to 9 5-Sd; calf, light, 2nd., 7Jd to Sid; calf, light, cut, 6 5-Sd to 7 1-Sd; calf, light, slippy, 34d to 6d. Tallow: In drums, super, 16s to 16a 6d; in drums, Ist., 14s to 14s 9d; in drums, 2nd., 12s 6d to 14s; in tins, Ist., to 11s; in tTus, 2nd., 7s 3d to 10s.

Wellington Stool: Exchange. Morning Call. Buyers. Sellers, £ s. d. £ S. d. N.Z. Govt. Loans4 p.c. bonds, 1940 101 17 6 —• 4 p.c. bonds, 1949 100 10 0 —• 4 p.c. bonds, 1955 101 10 0 — Rural Advance bond -.. .. .. — 9S 0 0 34 p.c. ins. stlc., 1939-52 — 102 7 6 34 p.c. ins. stk., 1938-43 — 101 5 0 4 p.c. ins. stk., 1940 102 0 0 — 4 p.c. ins. stk., 1946 101 10 0 101 15 0 4 p.c. ins. stk., 1949 100 10 0 100 17 6 4 p.c. ins. stk., 1955 101 10 0 101 15 0 Debentures — Auek. City, 5} p.c., 1944 .... 101 0 0 — Click. City, 5} p.c., 1944 .. .. 101 0 0 — Dunedin City, 5i p.c., 1944 .... 101 5 0 — Wgtn. City, 54 p.c., 1940 .. .. 101 5 0 — Wgtn. City, 41 p.c., 30/6/1943 102 0 0 — Wairero E.P. Bd., 6 p.c., 1961 — 102 10 0 Waitomo County Council, 6 p.c., 1961 — 102 10 0 Palmerston Nth., 54 p.c., 1/6/1948 96 0 0 — Wgtn. Gas Co. .. 101 10 0 — Wgtn. Eacg. Club 95 10 0 — Amid. Brick and Pipe (Wgtn.) . — 95 0 0 Banks— Australasia .. .. 12 .12 6 — Comm, of Aust. (ord.) 0 16 11 0 17 0 Com. Bankg. Co., Sydney .. .. 17 15 0 IS 0 0 National of N.Z. 4 2 0 — .Nat. of A’asia. (£5)* 6 12 6 6 15 6 New Zealand* .. 2 O z 2 6 o N.Z., D Long Term* — i 13 3 Union of Aust. .. ■— 10 8 0 Financial — Dalgety and Co. . 10 10 0 — Golusb'gk., Mort. and Co 1 9 5 1 9 10 Nat. Mort “A” 2 13 0 — Nat. Mort. “B” 1 10 0 — N.Z. Guar. Oorp. (ord.), cum. rights* 0 8 1 0 8 9 N.Z. Invest., Mor. and Dep 0 3 3 — N.Z. Loan and Merc., ord. stk. — 64 0 0 Wgtn. Trust Loan 4 0 0 — Wgtn. Dep. and Mortgage .. .. 0 3 6 — Gas — Auckland — 1 3 7 Wgtn. (ord.) .. 1 13 0 — Wgtn. (pref.) .. — 1 4 6 Insurance — Aust. Prov. Assco. — 0 12 3 New Zealand 2 14 6 2 15 0 South .. 3 11 0 3 12 6 Standard — 3 1 0 JMGcltr— Gear Meat (cum. Tights) 1 12 2 1 12 6 N.Z. Itefrig. (10s) 0 9 0 i) 5 Southland .. .. — O 0 0 Wgtn. Meat Lxport (pref.) .. 0 18 0 — Transport— Huddart - Parker (ord.) 1 10 0 1 12 6 Union Steam (pref.) 1 4 6 1 5 G P. and O. Defd. Stock 1 4 0 — Woollen — Wgtn. (ord.) —- 5 12 6 Wgtn. (pref.) .. — 0 12 0 Coal— Pukcmiro 0 17 6 — Westport - Stockton (pref.) 0 1 10 — Timber — Kauri 0 14 0 — Leyland, O 'Bricn 0 18 9 — National — 0 7 0 Taringamutu Totara 0 2 O — Breweries —■ Carlton 2 2 0 2 3 0 N.Z. Breweries .. 1 15 0 i 10 3 Tooth and Co. .. 2 1 10 — Miscellaneous — British Tobacco (Aust.) .. .. 1 17 9 — Colonial Sugar .. 60 5 0 61 5 0 Dominion Investmonts 1 3 0 — D.LC. (pref.)* .. 1 1 0 — Electro. Zinc (ord.) 1 5 3 .1 6 0 Electro. Zinc (8 p.c. part pref.;* — 1 15 3 Henry Jones Co-op 1 17 6 1 18 9 Howard Smith (ord.) — 0 13 2 Prestige N.Z. Ltd. (pref.) — I 0 Skarland and Co. (ord.)* 1 2 3 — IVilson N.Z. Ccment 1 6 9 1 7 (5 Woolwortks, N.Z. (pref.) — 1 35 9 Woulworths (Sydney), 7 p.c. (pref.) — 1 0 O Dominion Fertiliser 0 13 9 0 14 / Oil— Moturoa (ord.) .. 0 2 3 — Mining— Alexander .. .. 0 16 0 — Bell Hooper .... 0 1 0 0 1 1 Bell Hooper, fully paid — 0 1 ° Bell Ivilgour .... 0 1 a — Big River .. .. — 0 1 7 Gillespie’s Beach (ex. rights) .. 0 2 0 — Golden Dawn .. — 0 o King Solomon .. 0 3 0 0 3 b Mataki 0 0 Mt. Lyell .. .. 1 2 9 — Noltomai — 0 0 Okarito 0 10 0 — W T aihi* 1 6 6 Waiki Grand tion .. .. • • — 0 4 2 Waitahu 0 6 2 — Bulolo — 5 0 0 t Cum. div f Ex. div. Sales reported this day 4 p.c. Government stock (1946), £101 15s, £101 7s Gd: Dunlop Rubber, 19s Howard Smith, 13s. UNOFFICIAL LIST. Buyers. Sellers. £ s. d. £ s. d. Skippers — 0 0 4 Invest. Exc. Trust “B” D.eb, 96 0 0 98 10 0

National Tobacco 3 4 6 — Perpetual Forests — 2 8 0 Wgtn. Publishing Co 4 0 0 5 0 0 Moonlight Nelson Creek Sluicing — 0 1 O