COMMERCIAL

Northern Advocate, 20 July 1933, Page 8

COMMERCIAL

WESTFIELD STOCK SALE £. ■ \ / OX BEEP FIRMER. ■ CALVES SELL READILY. SHEEP VALUES IMPROVE. (Special to “Northern Advocate.”)

, • AUCKLAND, This Day. Messrs .Dalgety and Company, Ltd., .report-on the Westfield fat stock sale, as follows: Beef.—r-Ox beef was yarded in full average numbers, the quality being first-class. A keen demand resulted in ■ f values firming-1/: .per lOOlbs. Cow and heifer beef, also came forward in full numbers, and here also the quality was .exceptionally good. Extra choice ox ,:sold to 20/ per 1001 b; choice and prime, 17/ to 19/; just tillable, 14/ to 16/;'. prime young, cow >and heifer beef, 16/. to' 19/; just tillable, 12/ to ,'ls/;{ extra heavy prime steers, £8 7/6 heayy prime, £7 7/6 to £8 5/; lighter prime, £6 10/ to £7 5/; light prime, £5 |>/ to £6 7/6; small and unfinished,;£3to £5;. ! extra- heavy prims I young: ; .-cows and heifers, £5 -2/6 to £5 7/6; heavy prime, £4 to £5;. lighter, £3 to.£3 17/6; other tillable cows, £2 to £2 17/6. • 4 "Cal.yfiS.-ryCalves - were again yarded in short numbers, and met with steady competition,' .selling readily at. values on a par'with last week's "quotations Hungers, £1" 10/ t'o £2 7/; heavy veal ersjl£2 10/ to £2 13/; medium, vcalers £2yta £2/7/;i:light vealers, £1 10/ k £1 vlfi/j;/ small vealers, £1 to £1 8/.r youngs calves, 9/ to 16/; small and fresjj-dropped, 3/ to 8/. Sheep.—Sheep were, penned in un ,der 4 jayerage. numbers, the major por tion/ of the yarding comprising plaii and unfihisiied sorts. The. sale opened briekly r -and values further improved as -the sale' progressed. Ewes especially 'jirefe,' in demand, and sold readily at decidedly higher rates. Extra heavy

prime wethers, shorn, 21/3 to 23/; heavy prime wethers, shorn, 19/ to «sl/; 5 medium wethers, 17/6. to 18/9light and unfinished, 14/6 to 17/; heavy prime ewes, 15/ to 17/;, lighter prime, 13/3 to 14/9; other ewes, 7/6 to ‘IS'/i- ' \ . Lambs.—Barely an average .yarding 'Of lambs came forward, and the offering comprised a fair number of unfinished/, Values ruled firm "fori all w6ll- - lines. a Heavy. prUne lanjbs; TB/D,* -■medium prime, < 16/6 to i /:average • entrjL • of ..'pjjs

catme forward. The demand was not very keen; and values were again easier than 4 last week's quotations. Heavy baconers, £2 10/ to £2 18/; medium, £2 3/ to £2 7/; light, 06/ to 40/; heavy porkers, 33/ to 35/; medium porkers, 28/ to 31/;- light porkers, 23,/ to 26/. , ADDINGTON MARKET.

FAT SHEEP IN DEMAND. , ’a ■ - • BACONERS FIRMER. ' , i (Per Press. Association.—CooyrlghtJ CHRISTCHURCH, This Day. Shorter ; entries of fat sheep at yesterday’s, market resulted in a keen sale. Store ewes also sold briskly, but store lambs showed no improvement. Fat . cattle were in oversupply, and in an erratic market |he best nearly maintained last week’s rates, but ’ other qualities .were easier. > Store Sheep.—There was a good sale for.ewes close to lambing. Wether lambs were hard to sell, but good ewe lambs were in demand. Prices: Good ewe lambs, to. 12/2; medium, 10/ to 11/; good wether lambs, 9/ to 11/; I others, 6/ to 8/6; good mixed sex, tc 12/;good sound-mouthed three-quar-terbred ewes," 14/6 to 16/1; ordinary, 8/ to 9/6; good five-year-old, ; to 11/6; sound and full-mouthed, 9/ to . 10/; aged, 3/ to 4/; ordinary half bred wethers, to 9/£. Fat Sheep.—There was a normal yarding and a*, keen . sale. Good sheep were up by 3/. a head, and light by 1/6, the average advance being near 2/6. Prices: Extra prime heavy wethers, to 28/4; prim,e heavy, 21/6 to 24/; prime mediumweight, 18/6 to 21/; ordinary, 15/6 to 18/; light, 11/ to 15/; extra prime heavy pwes, to 24/6; prime heavy, 17/6 to 21/; ‘prime mediumweight, 14/6 to 17/; ordinary, 11/ to 14/; light, 7/ to 10/6. Fat Cattle.—The earlier part of the mle was very dragging, but later there was an improvement for good eattle, which recovered to last week’s rate. Best beef made 25/ per lOOlbs; good, 18/ to 22/6; heavyweight, 16/ to 18/; ordinary, to 15/6; rough, down to 11/. Values: Extra prime heavy steers, to £ll 17/6; prime heavy, £8 10/ to £10; prime mediumweight, £7 to £9 5/; ordinary, £4 5/ to £6 15/; light,, to £4; extra prime heifers, to £8 17/6; prime, £5 1/ to £7. 5/; ordinary, £3 5/ to £4 15/; light, to £3 2/6; extra prime cows, to £8 17/6; .prime, £4 10/ to £6; ordinary, £3 to £4 5/; light and aged, to £2 17/6. .Fat Pigs.—Baconers were a little firmer. Values were: Choppers, £1 to ,£4 1/; baconers, 37/6. to 59/6 (average ( price per lb, 3fd to 4d); porkers, 18/ to 31/6'(average price per-lb, 32d to :4i<J). . ; . .

HAWKE’S BAY SALES. / VALUES AT STORTFORD LODGE. ■ j • (Per Press Association.—Copyright.) HASTINGS, This Day. With a yarding of 3310 fat sheep, values were firm to slightly improved at the Stortford Lodge sale yesterday. Ewes predominated, while wethers and lambs were yarded in moderate numbers. The quality of the entries was very ordinary, only a. few prime lines being entered except for ewes. 'The buying was purely local, with little export operating. Ewes, medium to prime, made 15/ to 19/8;- others from 8/9; lambs, medium to prime, 17/ to 22/6; others from 12/; wethers, medium.to prime, to 15/6 to 18/; others, from 14/, A total of 3850 store sheep was entered, consisting chiefly of ewes in lamb and hoggets. Ewe values receded, lambs and wethers maintaining late rates. The quality was not as good as that of last week, only a few lines being in forward condition. Ewes made 8/ to 16/7; empty ewes, to 4/; hoggffts, 7/ to 12/5; wethers, to 13/. .

The market for heifers w r as much .on a par with that of last week, with 'a decidedly up and down tendency.-A yarding of 228 fat and 100 store cat-, tie was offered. Bullock beef was ,scarce, heifers predominating. The quality of the entry was slightly improved, there being few really prime cattle. Heifers were in good supplj r and sold well at the beginning of the sale, easing off toward the end. As a result, some lines were passed in. Cows were well represented, with a few prime heavy cattle included, these, making good prices. The heavy supply of heifers had an effect on these cattle, which eased off in price during the sale. Prime entries in all sections, sold w T ell, buyers being ready to pay good prices for finished cattle. Bullocks, medium to prime, made £6 10/ to £8; others, from £4 10/; cows, medium to prime, £3 17/6 to £o 3/; others, from £2 7/6; heifers, medium to prime, £3 18/ to £4 15/; others, from £2 10/.

‘ GOLD AND SILVER. LATEST QUOTATIONS.. LONDON, July 38. Pine gold is quoted today at £6 4/51 an ounce, compared with £6 4/3 yesterday. Silver is quoted at 183 d an ounce spot, and 18 7-8 d forward, compared with 18 11-lGd and 1813-16 d yesterday. The quotation for silvfer at per fine ounce is 203d r compared with 20 3-16 d yesterday. •

MINING NEWS. . AMALGAMATED CONCERN. By an amalgamation between the applicants for prospecting licenses and the owners of the freeholds of areas on the Cromwell Flats, a new company, to be known as the BellSmith Consolidated Goldmining Company, Ltd., has been formed. The company will have a total area of 104 acres, and a capital of £75,000. These areas adjoin the Bell-Hooper Company’s claim and have a frontage to the Kawarau River of over ,40 chains. The company will commence operations immediatelv.

BELL-HOOPER WASH-UP. The wash-up of Bell-Hooper Cromwell Gold, Ltd., last week produced i 5 ounces 15 pennyweights. BONDS AND SHARES. AUSTALIAN TRANSACTIONS. «. SYDNEY, July 19. On the Sydney Stock Exchange xoday Commonwealth bonds were bought with much confidence ,and advanced strongly. Classified stocks were firm, and there was a heavy turnover.

Morning sales included :-~Common--3 wealth 4 per cent bonds: 1938, £lO2 r 13/9; 1941, £lO3 2/6; 1944, £lO3 17/6. ! Associated News, preference, 18/6; > Australian Glass, 48/9; British Tobae- • eo, 34/6; Broken Hill Proprietary, 37/; Henry Jones, 38/9; Howard i Smith, 10/; Tooth’s Brewery, 39/I*. Afternoon sales included: Bank of New South Wales, £3l 17/6; E. S. and A. Bank, £5 3/; Commercial, Bank of Sydney, £l7 2/; Colonial Sugar, £57 17/6; Australian General Insurance, 10/6; United Insurance, £9; Associated News, 8/5; ditto, preference, 18/6; Burns Philp (South, Seas) 33/; Australian Gas, A shares, £7 5/; Australian Glass, 48/9; Goldsbrough Mort, 2^/43; Australian Iron and Steel, preference, 15/9; British Tobacco 34/6; ditto, preference, 26/10-1; Anthony Hordern, 11/; Dunlop Perdreau, 18/9; Standard Cement, 15/4* ;• Tooth’s Brewery, 39/3; Toohey’s Brewery, 24/; Nestle’s, preference, 33/3; Electro Zinc, 24/; ■ Henry j Jones, 38/9; Pairymede Sugar, 29/; Greater J. D. Williams, 7/; Willcox Mpfflin, 7/9; Broken Hill Pty., 36/6; South Broken Hill, 60/9; Zinc Corporation, 34/. . Melbourne sales included: —Commer- ! cia Bank of Australia, 10/4; Herald , and Weekly Times, 45/6; Australian < Glass, 48/6; British Tobacco, 34/6; - Goldsbrough Mort, 28/6; Mt, Lyell, ] 22/7*. ,

CHRISTCHURCH GAS COMPANY. INTERIM DIVIDEND. (Special to “Northern. Advocate.”) v AUCKLAND, This Day. The Christchurch Gas Company, Ltd., has advised the Auckland Stock Exchange that an interim dividend of 3 per, cent has been declared, payable on August 4. The dividend is the same as. that paid last year, when 6 per cent was distributed for the full year.

WELLINGTON GAS COMPANY. USUAL AMOUNT./ (Per Press Association.—Copyright.) WELLINGTON, This Day. The directors of the Wellington Gas Company, Ltd., have declared an interim dividend at the usual rate of 8 per- cent per-annum, payable on August 1., DOLLAR AND STERLING. NEW YORK RATES. NEW YORK, July 18. The dollar today fell to a new' indicated gold value of 68.7 cents and sterling reached 4.85 dollars. The financial community now is watching with much interest to see if sterling breaks through the old par rate of 4.8665 dollars.

DEARER WHEAT. * SYDNEY VALUES. SYDNEY, July 19. Within the past six weeks the price of wheat sold in Sydney has risen cd a bushel, -which traders attribute entirely to the prolonged dry weather in North America and the smallerharvests in Canada and the United States. BRITISH WAR LOAN. V FIVE-SHILLING RISE (British Official Wireless.) RUGBY, July IS. War Loan, 3* per cent., is quoted today at £9B 10/, compared with £9B 5/ yesterday.