AUSTRALIAN SECURITIES.

New Zealand Herald, Volume LXIX, Issue 21162, 20 April 1932, Page 5

AUSTRALIAN SECURITIES.

QUOTATIONS IN NEW YORK* WEAKNESS IN LONDON : (Received April 19, 5*5 p.m.) NEW YORK. April 18. Sales of Australian Government bonds on Wall Street to-day compare with those of April 11 as follows: — Dollars. Dollars. Commonwealth— April 18. April 11 5 Jan.-July, 1955 .. 571 f>Bl S p.c., Mar.-Sept., 1957 . 58 - I)7J •15 p.c., May-No v., 195 C, . 511 W>2 No-,v South Wales—- £ p.c., Fcb.-Aug., 1957 . . 50 ,'i 1J 5 p.c., April-Oct., 1938 . 50 60i Queensland—--7 p.c., April-Oct., 1912 ..77 • 6 p.c., Feb.-Aug:., 1917 . 60} €6| 'Not quoted. LONDON, April 13. On the London Stock Exchango to-day Australian stocks weakened all round. Quotations are:—Commonwealth 5 per rents., 1945-75, £B6 10s, compared with £B3 5s on April 14; 6 per cents., 1931-41, £95 12s 6d, compared with £96 2s Several State stocks declined 40s to 80s. Tho Financial News says Australian stocks fell between 2 and 5 poiuts on fears of an alteration in the exchange rate and expected New South Wales defaults. P. AND O. DEFERRED STOCK. LONDON, April 13. l\ and 0. deferred stock is quoted at. 16s 84d. HOLD MINING INDUSTRY. HELP TO COMMONWEALTH. BRIGHT FEATURE OF OUTLOOK. Had the gold-mining industry not taken a decided turn for the bettor, conditions in Australia, and more particularly in Western Australia, must have been far worse than they are at present. The progressive and healthy tone of the industry is the bright feature of the outlook. Mr. H. E. Vail, consulting engineer to Wiluna Gold Mines, Limited, and to Lake View and Star, Limited, discussing in Perth tho significance of recent important developments, raade this interesting statement with regard to the industry. Touching 011 the recent discovery of the No. 2 west lode in the Wiluna mine, A development which has attracted interest, Mr. Vail said the large number of cross--cuts and bore holes which had been completed had shown beyond any question of doubt that it was a permanent ore body of great value and importance. The March report of operations at the Wiluna was tlie best it had yet been possible to issue to the public. Generally, Mr. Vail said, there seemed to be considerable mining activity. The number of men employed in the goldmining industry was now far greater than was the case prior to the advent of the advantages conferred by the increased price of gold and the benefit of the exchange. Mr. Vail pointed out that the industry had experienced a severe straggle to maintain its existence, arid during tliafc difficult period it had not been possible for many companies to raise capital with which to modernise their plant. Conditions now prevailing were an inducement to overseas capital to invest in gold mining in Australia. Outside investors should bo encouraged in every way, not alone because of the beneficial influence of such capital on mining itself, but because of its effect in stabilising the financial position of Australia generally. COUNTRY STOCK SALES. VALUES AT FRANKTON. ADVANCE SHOWN FOR BEEF. [from our own correspondent.] HAMILTON, Tuesday. Values for a small offering: of good Quality ex beef showed an appreciable advance on late rates at t>,e Frankton stock sale to-day. An average entry of cow beef also met with £. good demand, and prices showed an improving' tendency. Little variation was recorded in the values for stores. Fat sheep came forward in average numbers, the prices realised being firm at last week's quotations. Fat lambs sold under spirited competition, there being a further increase in values. Values for fat pigs, of which there was a medium entry, were firm at the commencement of the sale, but eased appreciably toward the end. The auctioneers quote as follows: New Zealand Loan and Mercantile Agency Company, Limited.—Cattle: Prime fat bullocks sold at £5 lis 6d to" £6 7s; fat bullocks, £4 18s to £5 10s; lighter, £1 Is to £4 15s; light, £3 10s to £4; prime fat heifer beef, £4 2s to £4 8s; good fat cows, £3 16s to £4 7s; average, £3 to £3 10s; lighter, £2 10s to £2 17s 6d; light, £2 to £2 10s; tollable, £1 14s to £2; stores, ISs to £1 9a; light quality vealers, 12s to 15s. Sheep: Prime wethers, 14s to 14s 7d; average, 12s 4d to 13s Gd; lighter, lis 5d to 123 2d; fat ewes, 6s to 8s; lighter, to 5s 9d; prime fat lambs, 14s 6d to 17s; average quality, 113 Gd to 13j 9d; lighter, 9s 6d to lis: fat hoggets. 12s to 13s lid. Pigs: Heavy baconers, 39s to £2 3s; medium, 323 to 375; light, 24s to 275; heavy porkers, 24s to 275; light, 15s to ISs; largo stores, 8s to 10s; 6lips, 5s to 7s; weaners, 2s 6d to 4s. Dalgety and Company, Limited.—Sheep: Prime heavy wethers made up-to 15s 6d; choice quality medium-weight, 12s 3d to 14ft 3d; light and unfinished, lis Cd to 123 3d; small, Ss Id; young heavy fat ewes, 9s to lis; good fat ewes, 7s 9d to 8s 3d; inferior, 6s. 3d to 7s; prime heavy- woolly lambs, to 14s 8d; good prime lambs, 12s 6d to 14s: second quality, 10s to lis; inferior and cull lambs, 8s to 9s 3d. Cattle: Best young cows and heifers, to £4; good quality fat cows. £2 15s to £3 10s; dairy cows, £4 15s, £4; inferior, £2 to £3 10s. Pigs: Heavy bacon<tfs, 395; medium, 33s to 365; light, 2Sa to 32s Gd; best porkers, 20s to 21s; lighter, 14s to ISs; best stores. 12s Gd to 14s; slips. 5s to 6s; best weaners, 3s to 4s 6d; others, 2s to 3s fid G. W. Vercoe and Company, Limited.—• Sheep: Heavy fat wethers, 14s 9d to 15s Id: light, 12s 6d to 13s 9d; prime fat ewes, 123 to Its: light fat lambs. Us to 15s; lichter, 13s to 13s 9d; light, 9s to lis fid. Cattle: Medium-weight fat bullocks, £4 5s to £7 7s; lighter, £5 5s to £6; light and unfinished. £.B 15s to £4 10s; prime heavy :."at cows, £4 5s to £4 15s; heavy, £3 5s to £2 15s; lighter, £2 5s to £2 15s; light. £1 5s to £1 15s. Pigs: Heavy baconers, 39s to £2 4s: lighter, 32s to 365: heavy porkers, 24s to 265; light, 17s to 235; heavy choppers. 38s to £2 Is; light, 25s to 30s; stores, 8s to 12s: weaners, 3s Gd to os.

Fnrmers' Co-operative Auctioneering Company. Limited.—Sheep: Prime fut hoggets sold at 33s 3d to 15s; primo fat wethers, lis fid f<> 15s; maiden ewes, to 13s; medium fat wethers, lis 9d to 13s: fat ewes, 7s Id to 8s; light and unfinished- wethers. 4s Pd to 5s 3d; primo heavy fat lambs, Ms fid to Iris 3d; medium, 12s to 13s; light, 10s Pd to 11s od. Cattle: Medium fat steers, £5 5i to £5 15s; heavy fat cows. £3 10s to £3 17sr medium, X:2 10s to £3; light, -80s to £2 2s; boner cows, 10s to 15s; choice Jersey heife? calves, 30s to 31s; 2-year Jersey heifers. £3 to £2 10s. rigs: Heavy haconets. 30s to £2 4s; medium. 31s to 38s; light. 20s to 33»: heavy porkers, 2ts to 27?: medium, 19s to 235; stores, 9s to 12s; slips, 53 to 7s 6d: weaners, 2s to ss. GIS BORNE AUTUMN FAIR. [BY TEIVECiRAFH. —OWN CORRESPONDENT.] GISBORNE. Tuesday. Tho autumn cattle fair at Matalvbero opened to-day with one of the largesi entries of recent years. In all, over 9000 cattle are to he offered during the tnrea days, nnrj to-day's selling schedule contained 4500 steers and bullocks from 2J years upwards. 'An entry of 212 beef cattle came forward, a good many pens of-which were rough. Bullocks made to £4 ss, cow« to £2 12s Gd and Jersey cows brought ±l os A largo yarding of good conditioned male cattle from 2i years upwards waa offered. A few pens of bnHocks from £3 to £3 4s, but generally from £- 5s to £o 15s Two and a-half of quality'made £1 17s to £2 3s; others, from £1 7s to £1 17s. There was a large attendance. including buyers from outside dw tricts.