COMMERCIAL

Northern Advocate, 15 September 1932, Page 10

COMMERCIAL

WESTFIELD STOCK SALE SUPERIOR BEEF YARDED. BHEEP SLIGHTLY CHEAPER. (Special to ‘‘Northern Advocate.") AUCKLAND, This Day. Messrs Alfred Buekland and Sons, Ltd., rep'ort on the weekly fat stock sale held at Westfield yesterday as follows: —

Beef. —Our supply of fat cattle totalled 278 head, aS against 217 head last week. The quality of the ox beef was superior to anything yarded this year. Competition was brisk throughout',' and last week's advance was fully sustained, and exceeded in, cases of extra choice lightweight local steers. Extra choice ox sold to 24/ per lOOlbs; choice and prime, 21/ to 23/; secondary and plain, 18/ to 20/; prime young cow and heifer beef, 20/ to 22/; ordinary cow beef, 15/ to 19/; extra heavy prime steers, £9 to £9 15/; heavy, £8 5/ to £8 17/6; lighter, £7 10/ to £8 2/6; light, £6 to £7 7/6; small and unfinished, £5 5/ to £5 17/6; extra heavy prime young cows and heifers, £6 10/ to £7 10/; heavy, £5 5/.to £6 7/6; lighter, £4 10/ to£3 2/6; other killable cows, £2 . 10/ to £4 7/6.

Sheep.—There was a heavy • yarding of sheep and the quality was equal to last week's entry, which was better than the average. Although there was a steady demand, values receded 1/ to 1/6 a head. A total of 1777 sheep was sold. Extra heavy prime wethers realised 15/ to 15/6; heavy prime, 14/ to 14/9; medium to heavy, 12/6 to 13/9; light to medium, 11/ to 12/3; unfinished, 8/6 to 10/9; extra heavy prime' young and maiden owes, 11/ to 12/6; heavy prime ewes, 9/6 to 10/9; lighter, 8/6 to 9/3; other killable ewes, 7/ to 8/3; prime hoggets, 11/6 to 13/6; others, 7/6 to 10/6. Lambs. —The 633 lambs penned were far below requirements,, and mot with a sharp rise,. Best laralis brought £1 6/6 to £l. 9/; lighter, £l. 1/ to .£1 6/. . ’ .

Calves.—We had a full .yarding of calves. All extr* good quality, calves maintained last week’s prices, , but other calves eased slightly. Runners made £2 to £5 10/; heavy vealers, £2 18/ to £3 8/; medium, £2 5/ to £2 12/; light, £1 14/ to £1 18/; small, 18/ to £1.6/; rough and bucket-fed, 5/ to 16/; bobby calves, 2/ to 5/. A total of 278 calves was sold.

Pigs.—There was an extra heavy offering of pigs. The increased yarding was responsible for a further easing in values. Choppers made 19/ to £2 4/; heavy prime baconc-rs, £2 7/ to £2 10/; medium, £2 to £2 4/; light, £1 13/ to £1 16/; heavy porkers, £1 8/ to £1 10/; medium, £ls/ to £1 7/; light and unfinished, 16/ to £1 3/. 'Store pigs agaip sold readily; Best-framed made 18/ to £1 3/; slips,. 15/ to 17/; best weaners. 12/ to 14/; smaller, 8/ to,- 10/; sows duo to farrow, £1 10/ to £4 17/6. A total of 587 pigs was sold.

ADDINGTON MARKET. VALUES STEADY. SMALL ENTftY OP BEER : ■ (Per Press Association. —Conyrlght.)' •• CHRISTCHURGH,- This Day... ji Values were well maintained .at yesterday’s Addington market, a small entry of fat cattle resulting iii a sharp advance in beef values. Pat sheep also sold a little bettor. „ I Store Sheep.—There was an unaU tractive entry, with the exception of some good ewe hoggets; These went to ' 15/5; but passings of the general entry were frequent. Sound-mouthed ewes made 8/ to 10/6; sound and fail-ing-mouthed, 5/10. to (5/0; ewes .and lambs, all counted, 4/4 to 5/; good ewe hoggets, to 14/; medium ewes, to 11/6; wether hoggets, 8/ to 0/6. Spring Lambs. —In an entry of .1(50 moderately-grown spring lambs, prices ranged from GAd to 7Ad per lb.

Fat Sheep. —A slightly smaller entry than last week’s came forward, but it was of outstanding quality. Wethers improved by 1/ a head, and ewes by (id. Extra prime heavy wethers made to 20/1; prime heavy, 17/ to IS/G; prime mediumweight, 14/6 to 16/6; ordinary, 13/ to 14./; light, 11/ to 12/6; extra prime heavy ewes, to 3 6/7; prime heavy, 13/6 to 16/6; prime mediumweight, 31/6 to 13/; ordinary 36/ to 31/; light, 8/6 to 0/6. . Fat Cattle. —Only 212 head were penned, compared with well over 300 for a normal yarding. Some good beef was forward from the. West. Coast, Otago and Southland. Values improved by 26/ to 30/ a head. Good sorts of best beef made-to 20/ porlOOlbs; good, 24/ to 27/; heavy and secondary, 20/ to 23/; rough, down to 13/; extra prime heavy steers, to £l2 7/6; prime heavy, £0 to ,C 1T; mediumweight, prime, £7 30/ to £S .16/; ordinary, £6 36/ to £7; light, £4 10/ to £6 6/; extra prime heifers, to £lO 7/6; prime, £7 6/ to £8 36/; ordinary, £6 to £7; light, to £4 6/; extra prime cows, to £8 17/6; prime, £6 to £8; ordinary, £4 to £6 16/; light, to £3 16/. Fat Pigs.—A small entry met with a good sale. Choppers made £2 16/ to £4 13/6; haenners, £2 16/ to £3 16/6 (average price per lb, 6d to fid); porkers, 26/6 to 44/6 (average price per lb, aid to GJd).

HAWKE’S BAY MEAT COMPANY. RECCED KILLINGS. The chairman of directors., Mr R. S. Chadwick, presided at the 20th annual meeting- of shareholders of the Hawke's Bay Farmers’ Meat Co., Ltd., which was held at Whakntu, Hastings, recently. Operations for the year ended July 3i; 1932, showed h satisfactory profit, and it was decided to declare a dividend of G per cent, per annum.

The killings of sheep and lambs tor the .period totalled 749,796, being 175,180 more than the company's previous record. BALLARAT APPLES. TRIAL SHIPMENT. At a conference of representatives from the Gisborne and Hawke’s Bay districts it was decided to apply for permission. 1 o make experimental shipments of Ballarat apples from these districts this year. It was claimed that this class of apples, should bo profitable on-an-early market, and that last season some of the Eallarats brought more than coloured apples such as Delicious.

BONDS AND SHARES. I. AUSTRALIAN TRANSACTIONS; I SYDNEY, September 14. : On the Sydney Stock Exchange today quotations for industrial stocks held well, in spite of the heavy slump iu ( London metal -prices. Sellers, in fact,' were not anxious to force mattets/and the turnover was below normal; Bonds continued to make steady progress. Morning sales were: —Commonwealth 4 per cent, bonds: ■ I£>BS, £IOO •11/3; 1041, £IOO --12/G; 1950, £OO 10/; 1053, £OO 10/; 1055, £OO 15/; 1057, £OO IS/9; 1001, £IOO 10/. Union Bank, £B-10/; National Bank of New South •’Wales, £3O 7/0; Burns Phi Ip, 48/3; Goldsbrough .Mort 27/0; Winch* combe -Carson, 23/0. Afternoon sales ..were: —Bank of New South Wales, £3O 10/; Commercial Bank of Sydney, £lO 15/; Union Bank, £8 10/; Bank of Adelaide, £6; Colonial Sugar, £52 10/; Mercantile Mutual Insurance, 10/0; Burns Philp, 48/3; Millaquin Sugar,- 27/; Tooth’s Brewery, 32/0; Carlton Brewery, 35/; Wilcox and Mofflin, 0/0; Whichcombe Carson, 24/; Goldsbrough Mort, 27/0; Dunlop Pcrdreau, 15/6; ditto, prof err ence, 30/9; British Tobacco, 33/74; ditto, preference, 25/9; Electro Zinc, 18/; ditto, preference, 28/44; Australian Gas, A shares, £0 10/0; Henry Jones, 34/3; Taranaki Oil, 2/5; South Broken Hill, 49/3;. North Broken Hill, 71/; Zinc Corporation. 29/3. Commonwealth 4. per ..cent, bonds: 1938, £IOO 11/3; 1941, £IOO 12/6; 1944, £IOO 15/; 1955, £99 16/3; 1957, £99 18/9; 1959, £99 18/9; 1961, £IOO 7/0, Melbourne sales were: —Goldsbrough Mort, 27/3; Metropolitan Gas, £lO 19/; British Tobacco, 33/6; Carlton Brewery, 34/6; Electro Zinc, .17/7; Herald and Weekly Times, 52/9; North Broken Hill, 71/; South Broken'Hill, 4S/C; Broken Hill Ply.,. 21/4; Mount Lyell, 22/3; Taranaki Oil, 2/6. summit

GOLD AND SILVER. LATEST QUOTATIONS. LONDON, September 13. Gold is quoted today at £5 18/4 an ounce. • eotnpared with £5 18/ yesterday. Silver is quoted at 17 5-Sd an ounce, spot, and 172 d, forward, compared witli IS l-Sd and yesterday. The quotation for silver atj per standard ounce is 17 5-8 d and at per fine ounce lOd, compared with 18 l-8d and 10 9-16 d yesterday.

FOREIGN EXCHANGES. (British Othclai Wireless.) RUGBY, September i:l. The following rates on foreign exchanges are current, compared with the cabled quotations on September .12 and par.— Sept. 12 Sept. 13 Par. New York, dol. 3.4 Sit 3.481: 4.860 Paris, franc .. 8813-16 S!> 124,21 Berlin, r.m. .. 14.C4 14.21-32 20.43 Bombay, rupee 18 3-32 .18 3-32 ISd. Shanghai, tael 21 0-32 ’ 21 0-16 Hongkong, dol. 16.23 16 3-8 Yokohama, yon 16 16 3-8 24.38 Customs Exchange Rate. Rates of exchange ruling at the announced date of departure of the vessels named are shown’ in the following table. They are subject to confirmation by the Customs Department when the exact, time, of departure is learned on arrival of the vessel in New Zealand, .finally declared rates being marked, '• : Canadian Cruiser, America, dol. *3.47 Canadian Cruiser, Canada, dol. '4.07 Melbourne Marn, Japan, yen. IS 6-Sd Wainina, flour, America, dol, *3.40 Canada, dollars *3.07 Vancouver, dollars . . *4.05 Canadian Challenge)', Canada, dollars 4.04 Mariposa, America, dollars ... *3.4(1 Canada, dollars *4.0 City of Delhi, America, dol. , 3.47$ Sydney Mam, Japan, yen .... 13.73 d Waipawa, America, dollars ~ . 3.484 •

THE DAIRY SEASON TARANAKI OUTLOOK. GRABS BECOMING PLENTIFUL. (Special to “Northern Advocate/’) MEW PLYMOUTH, This Day. The dairying season is again in fttll swing and generally speaking early production compares favourably with last year. At the same time cattle ou some farms have not come through the off season in the same good condition as in previous years. The winter lias been a severe one and hay and silage was fed nut earlier and in a more generous manner than is ordinarily necessary, with the result that suppliers began to run short, and when the cows were freshening their allowance teas somewhat stinted in order to make what fodder was available spin out until the grass came away again. Then the weather improved, pastures' began to move, and feeling that their troubles were over for another year farmers who had felt it necessary to feed sparingly again reverted to giving more generous supplies until ail had been consumed. Unfortunately, however, the promise of good warm weather was not fulfilled

and again a succession of severe frosts was experienced, which nipped the young growth right back again,, and ] tlio cows have had to scratch along as j best they could. • However, this experience is not general and on the majority of farms there is still sufficient hay and silage to carry on until October. Grea( smpi'ovcmonts have been made iu pastures during the past few years, enabling farmers to make better provision for winter feed by way of hay aud silage and also to increase the number of their herds, but it is an. open question whether it is advisable for all to concentrate ou grassland farming. This no doubt is quite possible in some districts; indeed, it has been abundantly proved to ibe so, but there arc other districts where it will always be preferable for farmers to grow some root crops to supplement hay and silage. - The grass is now coming away splendidly, so much so that stock on most farms do not appear particularly keen on either hay or silage. Unless there is any severe change in the weather again production from now on should slrow. a rapid increase. Pastures have had a good spell and the general impression is that they will be all the bettor for it.