COMMERCIAL

Northern Advocate, 27 October 1932, Page 10

COMMERCIAL

WESTFIELD STOCK SALE BEEF VALUES EASIER. HOOD DEMAND FOR .SHEEP. (Special to ‘‘Northern Advocate.”) AUCKLAND, This Day. The New Zealand Loan and Mercantile Agency Company, Ltd., reports on the Westfield fat stock sale, held yesterday, .as follows: — Beef. —Beef was penned in larger numbers than last week, and although there was a steady demand values were easier by one shilling per lOOibs. Extra choice ox sold to 20/ per lOOibs; choice and prime, Id/ to ID/; ordinary and plain, El/ to Et/; prime young cow and heifer beef, Mi/ to 10/; ordinary cow beef, 12/ to Id/; heavy .prime steers, £7 to £S .2/(5; lighter prime, £d to £d 17/0; light, prime, £d to £d 17/0; unfinished and small, £3 to £4 E)/: heavy prime young cows and heifers, £j ],")/ to £d 7/d; lighter, £4 to £4 12/d; light cows. £2 Id/ to £ll Ed/; other cows, £1 10/ to £2 10/. .Sheep. —Sheep were yarded in large numbers, mostly shorn. There was a ready demand, with values very firm at late quotations. Heavy prime wethers made from E‘>/ to 14/.”; medium, 11/0 to 12/9; light prime, 10/ to 11/(5; small and unfinished, S/ to 9/9; prime maiden owes, 11/9 to .12/(5; heavy prime, 11/ to 11/(5; medium prime, 10/ to 10/9; light prime, 9/ to •9/9; inferior, d/ to S/9; prime hoggets, 9/ to E°./. Lambs.—. Spring lambs were penned in large mnmbors and sold readily at late quotations. Prime lambs made, from 9/(5 to 14/(5; small and unfinished, 7/ to 9/.

Pigs.—Pigs were penned in large numbers, and values wore easier on last week’s quotations. Choppers sold from 19/ to £1 10/; heavy medium baconers, £2 5/ to £2 12/; light haconers and heavy porkers, £1 12/ to £2 2/; medium and light porkers, £1 3/ to £1 10/; small and unfinished porkers, 18/ to £1 1/. A large yarding of store pigs sold at late quotations. Large stores made from £1 3/ to £1 4/; slips, 14/ to 18/; weaners, 8/ to 13/. Calves.—Calves were penned in aver age number. Values Avcre easier on last Aveek’s quotations. Runners made from £2 to £4 5/; heavy vealers, £3 to £3 16/; medium, £2 10/ to £2 18/; light, £2 to £2 8/; smaller, £1 to £1 16/; small and fresh-dropped, 3/ to 18/; rough calves, 5/ to 10/.

ADDINGTON MARKET. MUTTON SLIGHTLY I)MAKER. OVER SUPPLY OF BEEF. (Per Press Association.—Copyright.) CHRISTCHURCH, This Day.

A heavy southerly storm caused slightly smaller entries at the weekly market at Addington yesterday. Features of the sale were an easing in lamb prices and a slight advance in values for mutton. Only four pens of store sheep wore entered. There was a yarding of 873 fat lambs of good quality. 'fop price for the market was 18/4, and the average price per lb., 5d to 51d.

Eat .Sheep.—An entry of 3900, Avhich Avas not sufficient for requirements. Values advanced 1/ a head for all classes. Values Avere: —Extra prime heavy Avothers, to 10/10;- prime heavy, 15/6 to 17/; prime niediuimveight, 14/ to 15/; ordinary, 12/6 to 13/6; light, 10/ to 12/; extra prime hoaA'y e\A r es, to

.17/4; prime heavy, 13/(5 to ID/; .prime medium weight, 11/G to 13/; ordinary, 0/(5 to 11/; light, 7/ to 0/; extra prime shorn wethers, to l(i/7; extra prime shorn ewes, to 14/(5. Fat Cattle.—An entry of 4;"»0 head, including large consignments from the Xorth Island, Otago and Southland. The entry constituted a slightly oversupply. Values for steers were on a

par with late rates, while cows amt heifers wore inclined to be easier. A line of 4!) steers from Palmerston North averaged £lO 0/2. Best beef made to 25/ per lOOlbs; good prime, 21/ to 24/; heavy, 18/6 to 21/; secondary, 1,1/ to IS/; inferior, to 14/. Values wore:—Extra. prime heavy steers, to £ll 7/0; prime heavy, £S to £10; prime mediumweight, £0 1:1/ to £S 10/; ordinary quality, £4 11/ to £0 :!/; bght, £,. ;>/ to £4 10/; extra prime heifers, to £0 12/0; prime, £0 to £7 PI/; medium, £4 10/ to £7 PI/; light, £2 PI/ to £4; extra prime cows, to £0 2/0; prime, £o to £7; medinmweight, £0 10/ (o ,£4 10/; light and inferior, £2 .1/ to £0 .1/. hat Pigs.—There was a medium entry. Demand for baenners was slightlv better. Pork was in o verso p] dy, , \ aloes were:—Choppers. £2 to £3 10/; bar-oners, £2 0/0 to £2 11/(5; heavy, £0 to .£3 ;>/(? (average price per lb., lid to Od); jmrkers, 20/0 to 02/0; heavy, ;V|/0 I to 38/(1 (average price per lb., I.'.d to •Id). ' if

BRITISH WAR LOAN. (British Official Wireless.) . RUGBY, October 25. On the London Stock' Exchange today the featuie at the close was a •sharp rei overy in leading British Covei'iiment stock, especially War Loan (assented), which was quoted til £lO2, compared with £lOl 15/ yesterday.

BUTTER AMD CHEESE. LONDON ADVICES. Messrs Joseph Nathan and Co., Auckland, announce the following news as cabled from London by their principals, Messrs Trengronse and Nathan: — Butter: New Zealand, finest, 100/-; first grade, 9G/-. GOLD value; mounting. NOW AT £(5 ds 4id. SILVER FLUCTUATION. LONDON, October 2d. Cold is quoted today at £G d/44 an ounce, compared with £G 2/1H yesterday. Silver is (putted at ESd an ounce, spot, and bs 1-Sd forward, compared with ESd and IS 1- (id yesterday. The quotation for silver at per standard ounce* is ISd, and. at per line ounce 19 7-lGd, same as yesterday. BONDS AND SHARES. A estralian transactions. SYDNEY, October 2(5. The Sydney Stock Exchange is still awaiting the lorn decision of the Premiers’ Conference, and business today wtts restricted.

Morning sales were: Commonwealth ■1 per cent bonds, 19.18, £lOl 10/; 1041, •2101 lb/; 1044, £100; 1947, £100; 1950, £IOO 0/3; 195.1, £ .00 15/; 1955, £IOO 12/0: 1957, £lOl 2/0; 1901, £IOO. Tooth’s Brewery, .10/0; Goldsb rough .Mort, 20/7?.; Wilcox and Mofflin, 0/.1; Punlop Perdrcau, 18/14. Closing sales were: Commonwealth 4 per cent bonds; 1938, £lOl 10/; 1941, £IOO 12/0; 1944, £100; 1950, £IOO 7/0; 1957, £101; 1959; £99 15/. Bank of N.8.W., £.12 .12/0; Dunlop Perdreau, 18/3; Goldsbrough Mort, 27/3; Australian Drug, 8/0; Colonial Sugar, £55 , 10/; Taranaki Oil, 3/. Melbourne sales were: Australian Loan Stock, 1944, £99 15/; 1947, £99 17/0. Commercial Bank preference, £8 8/; Australian Paper, 29/'; Broken Hill Pty., 27/1?,. MININ'S NEWS. MANAGER ’S REPORT. Golden Dawn (Owharoa). —During the two weeks ended Octobe'r 22 stoping Iras been carried on on No. 3 level with machines working three shifts in the slopes on No. 1 reef in four blocks. The reef here averages three feet wide, and the ore broken is of fair value. The filling of the nig block on this ;eef at No. 2 level, near where the hanging wall branch came in, is completed, and stoping has been started on again. Stoping has also been carried' on in two blocks cn No. 3 reef, with machines working three shifts. The '•eef here averages two feet six inches wide, and the ore is of very fair value. On the intermediate level, driving south from the south end, the ground in the slopes on No. 2 reef has been driven 12 feet. The reef here averages three feet wide, but is in two branches, there being a small horse of mullock between the two branches. The ore- so far is :if good value. NATIONAL INSURANCE. NET REVENUE LOWER. DIVIDEND RATE STEADY. (Per Press Association.—Copyright.) DUNEDIN, This Day. The annual report of the National j Insurance Company shows that the net I income for the year, ended September 30, amounts to £24 9,401. After making full provision "'or losses outstanding then' is an underwriting surplus of £ Hi,887; interest and rents, less in- . come tax, amount ro £30,970, and the balance brought forward from last year £37,842, amounting in all to £85,705. An interim dividend was paid in May, -.1932, which absorbed £10,007, leaving available a balance of £09,038. The directors have added £902 to ‘ the taxation and contingency account, j £907(5 to the investments fluctuation account, and" written £2OOO off the t company’s premises. They now rccommend the payment of a further dividend of 5d a share, making the total distribution for the year 9d a share, f *' 7 I and equalling £37,5(10, and to carry forward £35,027. '

FOREIGN EXCHANGES. (British Oftieir 1 Wireless.) JMJOIIY, October 2d, Tin.* following rates on foreign exchanges are current, compared with the cabled quotations on October 24 and par:— Oct. .id, Oct. 24. Far. New York, do!. .■;..'!()} ;‘!.32d 4.8(515 Paris, franc S 4 St.dO 124,21 Merlin, r.m. IM.S.Sd l.'i.PPd 20.4;'! Bombay, rupee 18 11-154 1 8 1 1-04 ISd Shanghai, tael 21 11-10 21 7-10 Hongkong, dol. 10 7-If! 10 1-8 Yokohama, yen 10 7-10 102-10 2J.;5S