COMMERCIAL.

New Zealand Herald, Volume LXII, Issue 19143, 8 October 1925, Page 9

COMMERCIAL.

! STATE ADVANCES LOAN. i ISSUE OF 5| PER CEfJT. STOCK. An announcement, is Tijade liy the Gov- ; ernnient of an oiler of 57, per cent, securi- | iies > debentures or inscribed stock, with : currency of 10 years. This issue is being made with it view to providing further ' capital for advances Jo settlers and workers : through the State Advances Office, for «Je- : velopmcnt of the country and for the pro- : motion of increased production generally. ; it affords an opportunity to secure a profitable and sound investment and those j who can d-.i so .should subscribe freely to ! help the Dominion. FURRED SKIN MARKET. I j A DROP AT DUNEDIN. i [BY TELEGEAPII.'—'OWN' CORRESPONDENT. ] DUNEDIN. Wednesday. 5 Very small catalogues of luhbitskins ; were, offered to the usual atteudance of l; buyers at this week's sale. Thfe sale was I very erratic, and winter bucks showed a i drop of from 8d to lOd, and winter does ! and other sorts were from 3d to 4d below lates rut.es. This is partly accounted : for by the poor quality of the skins com- ; nig to hand. | The following is the. range of prices:— : Runners and suckers,, 23d to 27^d; light racks, 36Jd to summers, 34|d to 371 d; prime racks. 37d to 371 d; early autumn, 49Jd to 54jd; late nutumn, 54d to 64|d; incoming winter, 65d to 77d; early winter, 76L1 to 85d; winter bucks, 65Jd to 88id; first winter- bucks, 81d to 91Jd; prime Bucks, 87d to 94d; winter does, to 86|d; first winter does, 71d to 86|d; super trucks, 94jd. super does, 95|d: prime winter does, to 93d; spotted winters, 57jd to going does, 48d to 70d; milky, 41d to 50id; spring does, 4bd to 53Jd; spring bucks, 44V1 to 50|d; summer broken, : 34d to 494-d; winter broken, 55d to 6Ud ; winter black, 72d to 80d; winter fawn, i 77(1 to 92Jd ; hareskins, 40d to 48d ; winter bloodstained, 57d to 64Ad horsehair, IOUi to 22d. GERMAN DEBENTURES. REVALUATION SCI lEME. j The Prime Minister of Australia has ; received advice from the Consul-General ; for Germany in Melbourne that in con- ; tinuation of the legislation regarding the I revaluation of Empire and States bonds and certain mortgages, savings bank aci counts, and life assurances, all German ix'.dustrial corporations have been re»!uested by a special ordinance published . in the ReicliKanzeiger of August 29 last, 1 to invite all holders of debentures of German industrial firms aud companies (debentures with fixed interest, but no : preferential shares) to apply for revdluaj tion of such debentures as are still and I were in their possession before July, 1920. | CHICAGO WHEAT MARKET. Australian and N.Z. Cable Association. ; (Reed. 5.5 p.m.) CHICAGO, Oct. 6. Wheat.—December, new, 1 dollar 41J i cents per bushel: old, 1 dollar 40J cents. ; May; New, 1 dollar 41£ cents; old. 1 t dollar 40f cents. - . LONDON WOOL SALES. I Australian and N.Z. Cable Association. . (Heed. 9.5 p.m.) LONDON, Oct. 6. At the London wool sales today there j was a good selection of Merinos, but a ' limited supply of crossbreds. Prices were ! unchanged. The New Zealand lot, Wash- | dyke, sold at 26Ad to 24d. TARANAKI OILFIELDS. ) j [By TEtEGRAPH. —OWN CORRESPONDENT.] NEW PLYMOUTH. Wednesday. Taranaki Oilfields report: "The Tarata , bore has been drilled to 3450 ft., and cased to 3435 ft. The ground is somewhat | harder, but otherwise unchanged. Motuj roa: We tire repairing the rig while tho cement sets." STOCK SALES. AUCKLAND. j < Alfred Bnckland and Sons. Ltd., report:— i 'During the week we held sales at Helensi viile, Westfield, Waiuku, Kaiwaka and ! Riiineu, also two clearing sales. There have '• been full yardings and a keen demand exists ; for all classes of cattle at ruling prices, i Dairy cows and heifers, made £7 to i'lti, j according to quality; aged and inferior j cows, £3 IDs to i' 6 10s; grown steers in for- ! ward condition, £'■) 10s to i'lo 10a; best four- : year-old steers, £S 15s to £9 7a 6d; less conj dition four-year-old steers, £1 14s to £& 12s Gd; thrc*-year-old steers, X'ij 10s to £1 *.s; two-year-old steers, jBS 5s to £6 10s; yeari lings to two-year-old steers, £3 17s to £5 i ss; erfipty young cows, £8 10s to £5 ss; store i cows, £3 to £.' i 7s 6d; fat cows and heifers, i £7 10s to £l7 15s; rough killable cows, £2 : 10* to £6 15s; light fat steers, £l2 to £l6 i 10«; yearling to eighteen-month-old heifers, I S3. 10» to £6 6s, according to breed and ! Auality; good two-year-old bulla, £l4 14s i to 20«ns.; good yearling bulls, £lO 10s to '. £ IS 18s ; other bulls, £5 to £9 10k. Yester--1 day at our weekly Westfield fat stock mar- , ket our beef pens contained 543 head, an ( increase of 210 od last week's total, comprising !!21 steers, 213 cows and heifers, and 9 bulls. The major portion of the ox beef was of excellent quality. There was a i steady demand, but generally values were , fully 5s per 1001b. below last, weeks ex- ( trerne rates, heavy cattle suffering most, j Extra choice ox sold to £2 10s per 1001b.; i choice and prime ox, £2 6s to £2 9»; or--1 dinar? and plain ox, £2 2s to £2 ss; mime ! young cow and heifer beef, £2 2s to £2 7s; ' ordinary cow beef, £1 ISs to £2 Is; roufth i beef, £1 to £1 10s; extra heavy prime steers j ranged in price from £22 10s to £24 17h ? 6d; heavy prime steel's, £l9 10s to £22 £>s; 1 lighter prime steers. £l7 6s lo £l9 7s 6d; I light prime steers, £l3 to £l7; unfinished I mid small, £lO 10s to £l2 15s; extra heavy [ prime young cows and heifers, £l3 10s to Cl 6; heavy prime young cows and heifers, j £l2 to CI3 ss; lighter, £8 15s to £ll 15s: j other killable cows, £7 to £6 10s; rough and old cows. £ 2 10s to £6 10s; bulls. .£5 5s to I £!2 10s; seven extra prime steers from Mr. I B. Reed, Waerenga. averaged £22 16s 7d; | Uvo trucks from Mr. Edward Allen, CamI bridge, averaged £2O 10s 6d. There was a '( moderate yarding of sheen, which found a j ready sale at slightly improved values. Heavy prime wethers made £2 Gs (id to £2 Sis 'no extra heavy wethers penned); medium to heavy prime wethers, £2 -1* 6d to £2 6s 3d; light prime wethers, £2 2s to £2 4b; unfinished wethers, £1 17s to £2 Is; heavy prime shorn wethers, £1 18a 3d; tighter shorn wethers, £1 14s to £1 16s 6d: etscra heavy prime, cows, £2 to £2 ss; heavy prime ewes, £1 17s to £2i other fat ewes, £1 13s to £1 15s Od: heavy fat shorn ■ewes, £1 7s to £1 13s; prime hoggets, £1 15s to £1 ifts 91: light hoggets, £1 10s to £1 13s 6d (769 sold). The 36 spring lambs which came forward were insufficient for requirements and sold at higher figures. Best lambs made £1 17s 6d to £1 19s 9d; lighter, £1 15s to £1 17s; light,, £1 10a fid to' £1 14s 6d. Calves were penned in increased numbers. All classes sold readily at last week's high values. Runners made from £6 2« Cd to £fi 2s Gd for an extra choice heavy heifer; lighter runners, £3 2a fid to £5 10s; heavy vealers, £4 Ss to £4 18s; medium vealers, £3 to £4 Is; light vealers, £2 3s to £2 IBs; small vealers, £1 10s to £1 18s: rough and fresh dropped, 3s to £1 6s (277 sold). There was about an average yarding of pigs, which sold at prices fully equal to Inte rates. Choppers made £2 10s to £5 2s; heavy baconers, £4 19s to £5 ss; light and medium, £4 4s to .£4 15s: heavy porkers, £3 10s to £3 17s; light and medium. f3 to 4'B 8s; small and unfinished, £2 to £2 14s. The few store pigs were in good demand (336 sold). The New Zealand Loan and Mercantile Agency Company, Ltd., reports:—-We sales during the past week at Westfield, Pukekohe. Ngatea and Papakura, all classes of dairy cattle selling at late quotations. There is « ke«n demand for good dai»-y bulls, which have improved decidedly in value. Valnes for store cattle of all descriptions have also improved, this being especially noticeable at Papakura on luesday. where we had fl large,yarding, nrscucally everything penned etiangmg hands to btiyers from all over this district, and the Waikato. Values for grown steers were easily £1 5s to £1 10s a head better than

last month's sale. We quote: Dairy cows and heifers close to profit, best, £'9 to £l4 ss; others, £6 to £8 15s; backward springers, • best, £7 15a to £9 108; others, £o to £1 10s; aged cows arid inferior heuera, £'2 to £i 15s; bulls, 4gna. 1o 17gns., according to quality; empty cows. £2 5s *'f ® 8 : yearling to 18-monthfl heifers, best, to £4 16»; others, £1 12s 6d to A" '• M: yearling to lei-months steer*. £3 , ,}? 1 "s 6d; 2to 2i-year steers, £5 e~ ic ~ s ■ 3 to 3|-year steers, £6 Ss to i sß '" 4 to 41-year steers. £1 17s 6d to j ( ■' s w>; grown steers in forward conaiuon, £J 5s to jCIO J7s 6d; 95 steers from 010 Estate, Into Hon. J. D. Onnond. averiiget, A!) 173 tld. Any beef yarded sola readily at rail Westfield quotations. ! 1 } Westfield fat stock market yesterday 1 was penned in increased numbers and j ct, i'fje_qwently values were lower than last I week. 8 extreme) rates. Extra choice ox sold 10s per 1001b.; choice and prime.: i ,t° £2 9s; ordinary and plain, £2 tt) ......; prime young cow and heifer beef, ■los to 'tis: ordinary cow beef. ass to 8£»: p'l'q bet'!. 28s to ;;is; heavy prime steers, £lB 17s r,d to £2O 15b ; lighter prime, £l7 to £lB 15s; light prime, £1.4 to £l!> 10s; Unfinished and small. £lO 10s to'£l3 10s; • heavy prima young cows and heifers, £l2 ! to £ls 10s; lighter. £8 15s to £ll 15s; light cows, £6 to £8 10s; bulls, £4 to £ll 10s; j other cows, £2 10# to £5 1.55. Sheep were j yarded in small numbers, and improved in 5 values on ,ast week's sale. Heavy prime j wethers in wool made £2 7s to £2 9s 9d; j shorn, .£1 17s to £1 18s 3d; medium prime I ».nd light prime wel.hers, in wool, £2 2a to j £2 (is 9d; shorn, £1 15s to £1 16s 9d; extra ! heavy prime ewes (woolly), £2 3s to £2 fss 6d; heavy prime and medium prime i ewes (woolly), £1 18s to £2 2sCd; light prime i ewes (woolly), £1 15s to £1 17s 6d; woolly ! hrogget-s, prime, £1 lis Gd to £2; unfinished, I £1 10s to £1 Ms; shorn hoggets, prime, to J £1 15s. Spring lambs were penned in aver- | age numbers and sold at late quotations, i Heavy made £1 10s to £1 17s 9d; medium, |£l lis to £1 15# 9d; light, £1 _ 10s Gd to i£l 13s Gd. Pigs were penned in average I numbers and values declined on late quotai tions. Choppers sold from £3 10s to £4 10s; | heavy and medium baconers, from £\ 16s to 1 £5 4s; light baconers and heavy porkers, j from £4 to £4 16s; medium porkers and i light porkers, from £,'s to £3 IBs; small j and unfinished porkers, £2 to £2 12s. Store pigs were penned in average numbers; values improved on late quotations. Large stores made £2 to £2 9s; slips. £1 8s to £1 18s; weaners. 15s to £1 Ss. Calves wore penned in average numbers. Values remained firm at late quotations, except for runners, which advanced in values. Runners made £5 to £9 10s, for a specially well-done heifer; heavy vealers. £.3 10s to £4; medium, £2 IBs to £3 8s; light, £2 6s to £2 16s; I smaller. £1 15s to £2 ss; small and freshj dropped, 3s to £1 10s; rough calves, 10s I to £I. Dalgety and Company, Ltd., report as follows cm the Westfield sale yesterday:---Beef: There was a larger yarding of wellfinished cattle, ok being particularly good and in the majority. Prices for prime ox were fully 5s per 1001b. easier and cow beef 2s to 3s less than last week. Bidding ] was very steady und the demand good. |We quote: Extra choice ox, to £2 10s; 1 choice and prime, £2 5s to £2 9s; ordinary 1 and plain, £2 2» to £2 4s; other, 38s to ! £2 is; prime young cow and heifer beef, j £2 5s to £2 7s; other, 35s to £2 3s. Sheep: j A very small yarding. Prices showed a ! slight improvement. Quotations: Extra j prime heavy, wethers, £2 10s; heavy prime, i £2 5s Gd io £2 7s; medium prime, £2 "s j to £2 4s Gd; light, £2 to £2 2b; others, 35s ! Gd to 395; best heavy prime ewes, to £2; i medium, 32s fid to 35s Gd; others, 30s to 325; I a small pen of extra choice shorn ewes j from Mr. O. McOullough, Ardmore, made j 33s 3d. Spring lambs: There was a good yarding, which sold readily. Best heavy ! prime made £1 16s to £1 18s; medium, £1 12s i fiii to £1 15s; light, £1 8s Gd to £1 lis. I Pigs: An increased yarding, prices hems firm at late rates. Choppers made £3 10s to £5 10s; heavy and medium baconers, I £4 IGs to £5 ss; light baconers and heavy i porkers. £-! 10s to £4 Ms: medium and 1 light porkers, £3 4s to £3 7s: Co1y«*: There was a fair yarding. consisting chiefly lof young calves. The demand _ was keen i and values firm for vealers, while runners i were slightly better. Runners made £4 12s to £5 13s; heavy vealers, £'3 lis to £4 8s; | medium, £3 3s to £3 10s; light. £2 10s to I £3; small, £1 to £1 10s; fresh-dropped, 3s i to 7s. HAMILTON. ! The New Zealand Loan and Mercantile : Agency Company, Limited, reportsAt the Hamilton sale on Tuesday there was a good j yarding of fat and store cattle, and a small j entry of sheep. Beef again realised high | prices and store eattl" met witfi steady coini petition. Sheep sold at late rates. We | quote:—Light fat cows, £8 lis to £9 ss; I unfinished cows, £6 17s Gd to £8; store ! cows, £3 15s to £4 8#; 4-year-old steers in j low condition, £G 17b to £8 8s; 2| to 3j ywar-old steers, £6: 18-months sterns, £4 2s: j yenrling Jersey and Jersey cross heifers, £2 | 19s to £3 IGs: dairy cows, £6 to £10; i springing heifers, £7 to £9 10s; fat ewes, | £1 13s to £1 IBs; full-mouth ewes and lambs by B.L. rams, £1 19a. Pigs: An j average yarding at late rates. Heavy i bncon pigs fully maintained last week's I prices. Lirrht baconers and heavy porkers I were somewhat easier. Light porkers sold I freely. Store pigs were yarded in full mimj bers and sold slightly better than last week's j rates. We quote: Heavy baconers. £4 15s | to £5 4s; medium baconers, £4 3s to £4 | 12s; heavy porkers, £3 2s to £3 13s; light 1 porkers, £2 10s to £2 15s; good stores, < | 18s to £2 4s; slips, £1 5s to £1 9a; ' weaners, 17s to £l. j The Farmers' Co-operative Auctioneering i Co., Ltd., reports:—ln the Frank ton yards j on Tuesday we had a good yarding of steer ar.d cow beef, the quality being consideri ably better than previous yardings. Com- ! petition was keen and prices firm. Prime | heavy fat bullocks made £2l 10s to £22 I 15s; prime, £l9 5s to £2O 10s; good quality ! light prime steers, £l6 Iss to £lB 6s: j medium, £l3 5s to £ls 15s: young light and i unfinished. £9 to £lO. Prime heavy fat cows land heifers, £ls to £1.5 Us; prime, £l2 ! 2s Gd to £l4; medium fat cows and heifers, j £8 10s to £lO 15s: unfinished, £6 tc £6 His. j A small entry of sheep was offered and sold j at late rates. Medium fat ewes made 35s Gd to 3fis 3d; a line of four-tooth to F.M. i ewes in low condition with 100 per cent. Inmbs, small, made 395. A full entry of frit and store pigs was penned and sold under keen competition at advanced rates. Heavy baconers made £4 17a to £5 7s; others, £4 5s to £4 10s; medium, £3 IGs to £3 18s: light baconers and good porkers, £3 to £3 10s; medium, £2 15s to £2 183; light. £2 5s to £2 10s; stores. 38s to £2 Is; best slips, 31s to 86b; good weaners. 19s to 225; small. 12s to lis. COROMANDEL DISTRICT. [BY TELEGRAPH. —OWN CORRESPONDENT.] COROMANDEL, Wednesday. | Tho Farmers' Auctioneering Co. held a sale at Mercury Bay. A total of 250 cattle | were yarded, and all were disposed of under ! keen competition. Small fat cows made j from £6 to £7 12s; fresh cows, £4 5s to I £5 7s Gd; store cows, 30a to £2 12s: for- | ward steers, £7 5s to £8 12s: store steers. | £5 5s to £6 2s; 18-months steers, £3 15s to • £4 13s; yearling steers, £1 5s to £2 14s: | empty heifers, £3 5s to £4 4s; yearling heifers, 15s to 355; bulls, £6 5s to £B, At the Coromandel sale 280 cat,tie were ! yarded and practically all were disposed of. | Prices were: Forward steers, £7 7s Gd to £8 j 9s; stor% steers, £5 2s Gd to £6 17s; smaller | steers, £3 4s to £5; 18-months to 2-year I steers, £3 IGs to £'4 ss: yearling steers, £2 1 2» to £2 19s; young empty cows, £3 Is to ■ £4 ss; stori, cows, 35s to £2 10s; empty i heifers, £2 12s to £4; yearling heifers. 31s j to 365; springing cows. £5 15s to £8; backj ward heifers, £3 10s to £4 7s Gd. ADDING TON. [by telegraph.—press association.] CIIRISTCHURCH, Wednesday. I There was an easier beef market at Addington to-day, but a slight improvement in store and fat sheep values marked the sale. Store Sheep.—An average yarding met with a dull demand at the outset, but it, improved, ewes and lambs and wethers selling much more freely than last week. Aged ewe# and iambs, 20s 7d to 24s 7d; half bred wether hoggets, 26s 8d to 28s lOd; small wether hoggets. 26a 6d; cull wether hoggets, 20s; four-wot bed crossbred wethers, 37s 9d; failing-mouthed helfbred wethers, 38s, Spring Lambs.—A total of 37 were penned and sold at from 30s 3d to 41s 9d. Fat Sheep.—The entry was u shade below the week's necessities, and a very free sale resulted with an improvement of Is 6d per head. An Jnvercnrgill draft of 41 ruado I from 53s 7d to 60s Id. 'J he top price of the day was Css Gd. Extra prime wethers 57s 9d to 65s Gd; prime, 48s 6d to 545; medium, 43s Gd to 48s; light, 37s to 42s 6d; extra prime ewes, to 50s Id; prime, 40s Ud to 445; medium, 37s to 40s; light, 35s to 36s 9d; prime hoggets, to 39s 10a; ordinary, 84s 10s to 38s Gd. Fat Cattle. —A total of 4-15 were penned, a normal entry. The market all n/r.tid was easier than last week by 30s per Jiead, on winch occasion peak prices were realised, on account of the short entry, Eic/ra prime medium-weight beef made to 61s per 1001b.; prime medium-weight beef, 5/is to 595, prime heavy-weight, 52s 6d to :'fcs; medium. 49s to 525: light, 44s to 47s rough, down to 30s, One North Island lir.o of 48 averaged £25 7s and another of 34 £23. The top price of the day was £33 2s Gd, secured by Mr. G. Andrew Grant, of. Fair lie. Extra prime heavy-weight steer#. £2O to £29; special, to £33 2s (id; prints heavy, £22 to £25; medium, £lB to £2l 'fiOa; light, £ls to £l7 15s; rough, £J 1 to Alt; extra prime heifers, to £lB 2s Gd; r/rime, £l3 10s; to £l6 10s; ordinary, £8 as lo £l3; extra prime cows, to £2l 12s fid; r/ime, £l3 5s to i'lfi 10s; ordinary, £lO to £l3; light, £6 10s to £9 15s. „ • , , Vealers.-~A small r/ntry met with a good sale. Runners, to //> 17s Cd. Store Cattle.—T!/«jre was a large entry, mostly cows, and a good sale. Three and four-year steers, t/a £lO 10s; two and threeyear heifers, to £<l 15s; cows, £2 to £4, Dairy Cattle.—it dragging sale was experienced. Bvsj springers made to £ll ss; others, £4 to £&'; best heifers, to £6 10a; others, £2 16s lo £4. Fat Pigs.—The market was weaker for bacon but poilierß were firmer. Choppers, £4 to £9; bar oners, £4 10s to £7 2s (average price pi.T lb., Sid to 3|d); porkers, 53# to 70s; extra heavy, to 80s {average price per Ih*., 9jd to 10jd). Store Pip.fi,—There was a keen demand, with an Wvanee of several shillings per head. Wf<a,ners, 26s to 38a; stores, U3s to 475; large) stores, to 5Sa 6d,