VALUES ON STOCK EXCHANGE

New Zealand Herald, Volume LXXII, Issue 22005, 11 January 1935, Page 5

VALUES ON STOCK EXCHANGE

AUCKLAND RATES YESTERDAY

FORMER LEVELS COMPARED

'lnterim dividend increased. **Subiect to Income Tax. The return on 3i per cent Government louns does not include redemption and covers only the x>eriod for which tho loans aro tax free.

WAIKATO STOCK MARKET GENERAL TONE FIRM WEATHER CAUSES ANXIETY The holiday period has passed, but without terminating the dry weather Avliioli is the cause pf universal anxiety and must very drastically reduce the carrying capacity of the Waikato. A decline in cattle is customary at this season, and there is already ample evidence that a difficult period faces us, but sheep has seldom failed to create enthusiasm, and a departure from the rule will be disappointing. Great expectations, however, appear to have been built up and largo consignments are moving in this direction from all quarters. The lamb fairs opened at Frankton 011 Wednesday with a much larger display than is usual so early, and indicating unquestionably an eagerness to unload. Contrary to the general expectation, however, competition proved sound and the entire offering was disposed of under the hammer, at values not differing greatly from those current last season. According to report a large percentage of lambs have failed to fatten and these are expected to augment the normal saleyard supply. Requirements will thus be well catered for. Conditions as they affect the separate sections are: — BEEF On classes suitable for chilling export competition provides a solid support but liow far its influence will spread is difficult: to determine. Assuredly the cow beef section stands badly in need of similar aid for without it a descent to the dairy bred level seems inevitable. The dry weather has occasioned a rush of this to market and with the butchers' prejudice against it gradually weakening it seeins-'idlo to expect that a wide disparity between the two classes can long continue. The Frankton sale on Tuesday made a brisk opening and heavy-weight steers in the early stages improved on the previous week. Cows, however, opened weak and closed weaker, values being, lower than for many months previously. Prime medium ox sold to 225; heavy, 20s to '2ls; prime heifer, 18s; young cow, 14s to ICs; ordinary cow, !)s to 10s; rough, Gs to Bs. MUTTON In, this section export competition may be expected to maintain uniform standards, but at Frankton on Tuesday values did not advance far beyond such limits. Wethers were rather disappointing, especially after :i three weeks' holiday period, 24s Gd being the host figure for heavy sheep, with lightweights from 21s to 22s Od. Ewes, which were in fair supply, were somewhat firmer, reaching lGs Gd for best classes, with medium quality from 13s Gd. Lambs, again penned in largo numbers, realised full schedule value, tops selling to 225; medium, from 17s-, light' and unfinished, from 15s. STORE CATTLE There has been no opportunity since the holidays of • testing the demand in this section, but during the coming week largo East Const consignments will be dealt with and unless there is a pronounced climatic change a successful Jesuit cannot bo hopefully viewed. The las 1 - few weeks have had a very. withering effect, on pastures and it will require considerable temptation to induce farmers to increase their anxieties. Dairymen who feel the effects of the dry weather most severely are getting rid of all unprofitable stock and saleyards in consequence are moro heavily loaded than is customary at this season. For this class of cattle the export demand has weakened and as it is now entirely dependent on competition from that source much easier values rule. STORE SHEEP It has to be admitted that the fairs are not opening under the most favourable auspices. Dry weather so early and so intense is an unusual experience for the Waikato, and unfortunately many fear its long continuance. The chief danger seems 1o be from over-supply, for although the legitimate needs of the district are considerable, and must be procured no matter what the conditions, a great many farmers will be influenced solely by the state of their pastures at the moment and these in most districts are not in a state to encourage speculation. However, competition at the first lamb fair far exceeded expectations, and vendors had reason to bo well satisfied with the result. Forward lambs at this sale made to 15s; good 1 store lambs, 12s Gd to 13s Od; medium, lis to 12s; small. 8s to 9a Gd; culls, from 4s; fair ewe litmbs, 14s to 15s; smaller, lis to 12s Gd. PIGS At Frankton on Tuesday the heaviest entry on record was penned and disposed of without difficulty. Competition _ for all fat classes was strong, baconers being estimated to exceed schedule. Porkers declined somewhat and store pigs also were easier. Heavy baconers sold to £3 14s; lighter, from i'2 14s; heavy porkers,, to £1 8s; light, from 325; store pigs, ]Gs to 20s; slips, 10s to 14s; weaners, 3s to 9s. WHEAT IN AMERICA CHICAGO, Jan. 9 Wheat.—May, 1 dollar 1 cent a bushel; .July, 03i cents; September, 91|; cents. The New York price for cash is 1 dollar 11J cents.

THE MARKET BASKET REDUCTION IN EGG PRICES INCREASED BUTTER VALUES A further reduction of Id a dozen for both lieu and duck eggs is the principal change in the retail prices of foodstilffs during the past week. Hen eggs arc now being offered at Is Id a dozen, while duck eggs are selling at Is. All grades of butter will be increased Id a pound from to-day. With the recent spell of fine weather supplies of stone fruits are plentiful, and the first of the season's crops, are coming forward in good quantities. There is a glut of toniatoes, and outdoor varieties show a reduction of Id a pound. Pineapples also are cheaper. There are few other changes. The values of bacon and ham show several changes, shoulder rashers of bacon being Id higher and rib rashers Id lower. Ham generally is higher in price, although shoulders show a reduction of 4d. The values of vegetables, meat and fish remain unchanged. Yesterday's prices were:FRUIT Apples, cookers. Stunners and Statesman, Ecklinville, 4d; Canadian, Delicious, Jonathan, Wineeap, 5 to 6 for Is; pears, 3d a lb; oranges, Californian, 3s to 4s; Jamaica, 2s Gd to 4s; grapefruit, Sunkist, 6d.each: lemons, local, 3d to Is Gd; bunajias, Fiji, 5d to Gd per lb; pineapples, 3d to Is Gd; tomatoes, hothouse, o>d to lOd; outdoor, 3d to Gd; grapes, Californian, Red Emperors, Is 3d a lb; local, hothouse, Is 9d to 2s 3d; strawberries. Marguerites, lOd to Is 2d a cliif); Captain. Cook, Is 3d to Is 6d: cherries, la Gd to 2s Gd; peaches, la Gd to 3s a dozen; plums, 4d to Gd a lb; choice, 8d; apricots, Sd to Is; mangoes, 4d to Sd each; pawpaws, 6d to 2s; raspberries, Is a lb; black currants, lOd to Is; loganberries, Is chip. VEGETABLES Potatoes, Id to lid per lb; kumarns, 3d; onions, local, 2d; Canadian, 3d; pumpkins. 2d to 4d u lb; cabbages, 2d to Gd each; cucumbers, hothouse and outdoor, 3d to sd; lettuce, 2d to 4d each; radish, spring onions, turnips, parsnips, carrots, spinach, beet, lid; Ereen peas, 5d to Gd a lb; beans, runners, 3d; French. 3d to 4d; butter, Gd; spring marrows, 4d to Gd each. MEAT Beef.—Rump steak, Is per lb; undercut, Is '2d; beef steak, Gd; stewing steak, sd; sirloin, BJd; prime ribs, Gd; prime ribs (honed and rolled), 8(1; wing ribs (three chine bones), 7Jd; topside (41b and over), 5(1; thick flank, 4d; bolars, sid; double top ril), 4jd; chuck rib, 4d; rolled back rib. Gd; corned rouud, 7d; corned brisket (boned), 6id; brisket and flat rib, 3jd; thin flank, 2d; gravy beef or shin meat, 4d; minced beef, 4d; tripo, Gd; dripping, sd; suet, 4d; eausages, sd; sausage meat, 4d; whole shins or legs, lid; half shins or legs (thick end), 2d; half shins or legs (knuckle end), lid; ox kidne.ys, Is; ox tongues, 7d; ox tails, Gd; whole loins, 7d; whole rumps, Bd. Mutton.—Skies, 7d per lb; whole legs, 8d; cut legs, Bid; shank end (Gib or under). 9d; liindquarter, 7Jd; fojequartec, 6d; shoulder, 7d; Bliank end of forequarter, Gd; necks, Gd; loin, 8d; middle loin chops, lOd ; leg and rib chops, 8d; neck chops, best end. 7d: stewing chops, Gd; flaps. 3d; cutlets (trimmed), Is; sheep's fry, Gd; kidneys, 2d each; tongues, 2d; sheep's head (dressed), sd: sheep's brains, 2d. Lamb.—Spring, forequaj-ter, lOd; hindqiuuier, Is; legs, Is 2d; loin. Is; side, lid. Veal.—Fillets, 7d; loins, sd; shoulder, 4d ; quarters. 3d; rolled veal, 5d Pork.—Leg, lOd; loin, lOd; foreloin, with blade, 8d; pork chops, lid; corped band, 8d; corned belly, lOd; pork sausages, 7d. These are cash prices at the shops, booking and delivery being a penny a pound extra. FISH Schnapper, whole, 5d per lb; trimmed, Gd; smoked, lOd; skinned fillets, Od; terukihi, whole, 4}d; smoked, Gd; kippered fillets, Id; trevalli, whole, 2d per lb; smoked, sd; John Dory, whole, Gd;'fillets, 9d to lfld per lb; lemon' fish, fillets, 4d: silver strip, Gd; hapuku steaks, lOd; wings, smoked, 7d: cod, smoked. Is: gurnard, whole, 3d; barracoula, whole, 4d; smoked, Gd; kippers, Scotch, Is; crayfish, Gd per lb; mussels, fre?h. Is Gd a dozen; pickled, Is Gd a bottle; rabbits. Is each; hares. Is Gd each; mutton birds, Is each; cod fillets, Scotch, Is Gd per lb; findon haddocks, Is 3d; moki steaks, sd; smoked steaks. 7d. BACON- AND HAM Bncon.—Shoulder rashers, Is per lb; rib rnshers. Is 4d; by piece, shoulder cut, 9}d to Is Id. Ham.—Whole, Is lid per lb; in rashers, Is sd; cooked, pressed, Is lOd; rolled, 2s; shoulders. Is Id. BUTTER AND CHEESE Butter. —Factory, first grade, Is Id per lb; second grade, lid; 'farm butter, 9d per lb. Cheese.—Ordinary, 8d; more matured, Is to Is (id. EGGS Duck, Is a dozen; hen, Is Id. BRITISH WAR LOAN (Received January 10, 6.45 p.m.) British Wireless , RUGBY. Jnn. 9 War loan, 3J per cent, is quoted today at £lO9 17s 6d, same as yesterday.

COMPANIES Amount e Paid-up I Return Approx. i on Approx. Market g c . InvestAlarket Price rfij Dividend ment at Price a year £•£ Payable Approx Buyers Sellers Dec. '20 ago price 6 ' BANKS— * t Auslraliisia,. Coin. i)f Ana. . E.S. ami A. . . . Nat. of N.Z. . . I £sdi'sdi' sdi8d -£'sd 11 0 0 11 15 0 11 5 0 12 5 0 7J Oct.-Mar 4 0 5 (j 4 o 16 6 0 16 4 0 18 3 5 Feb.-Aug. 3 0 11 4 18 6 5 4 0 5 3 6 5 11 6 5 May-Nov. 3 13 3 3 10 0 3 12 6 3 11 3 4 1 0 4 Jan.-July 3 9 5 L r, ". - 01 £ A QQ 7 (l fx On <1 vtovltr 9 Q () N.S.W New Zealand. . * 20 1 31 5 0 32 5 0 o l 5 U o.> / b o wunrieriy o o u ° 8 10 " 9 0 2 8 10 2 8 9 10 Dec.-Juno 417 H .I <; (; 12 0 6 11 9 — o — 3 15 10 Union 5 g ]g o — 8 18 6 9 17 6 5 Jan-July 3 9 4 INSURANCE— N n tionttl 7s I x 0 — 1 1 6 0 18 8 10 5-7 May-Nov. 3 9 9 New Zealand.. South British. . 1 1 3 9 0 3 10 0 3 8 9 2 17 0 10 Feb.-Aug. 2 17 7 4 10 6 4 18 0 4 16 6 3 16 6 2s 8d Apl-Oct. 2 14 10 LOAN AND AGENCY— **Dom. I. & B.. Gokls-Mort. ... 1 1 0 16 6 0 17 0 0 17 0 0 17 6 4 August 4 17 0 196 1 10 3 1 10 0 1 17 0 6 Dec.-June 4 0 4 COAL— Grey Valley. ... Pukemiro. .... 1 1 0 7 0 0 11 0 0 9 0 0 11 6 — May-Oct, — 180 150 128 2J Mar.-Sept. 1 15 9 R enown Taupiri Do. (pref.). . 1 1 1 050 076 050 020 — — — 0 18 6 0 17 8 0 15 8 — Isov.-Mny — 130 146 139 126 5 Oct.-Apjil 4 4 3 GAS— Auckland I)o. (con.). .. 1 15s 160 1 6 9 169 140 July-Feb. 4 3 5 0 19 0 0 19 9 0 19 6 0 17 8 5J July-Feb. 4 5 2 SHIPPING— Huddart-Pnrker Northern Steam J. lis 1 16 6 — 1 16 6 1 11 0 5 Sept.-Mar. *2 14 10 068 06 11 06 9 055 — Nov.-May — TIMBER— Bartholomew. .. 1 25 a 0H0 _ 0 14 0 0 16 3 2J Oct.-April 3 11 5 0 18 0 0 19 3 0 18 0 0 15 10 3 June-Dec., 4 0 6 National 1 i _ 0 14 6 — 0 5 1 21 May *,3 9 0 BREWERIES— N.Z. Breweries. o jo o — 2 11 0 2 0 6 7 J an.-July 2 13 10 MISCEL'OUS — British Tobacco ■ oq 6 209 1 17 0 6 Quarterly 2 19 3 _ o 12 6 2 11 3 2 I'll JO Nov.-May 3 16 2 40 7 6 42 15 0 42 10 0 64 0 0 May-Nov. 2 18 8 0 18 6 0 19 3 0 18 9 0 18 3 5 August 5 6 0 06 8 072 06 11 036 3 June 3 9 5 _ 0 19 6 0 19 6 0 17 6 8J Apl.-Oct. 3 11 Bycroft Colonial Sugar. Farmers' Fert.. Farm. Trailing. Milne & Choyce i 20 1 8a 1 1 108 TJobinBon's Ice. Wilsons Cement _ 12 6 110 — 6 June 5 6 8 1 12 9 1 12 0 1 7 6 10 Nov.-June *3 1 1 MINING— Waihi 5s nnRHIiEBIiBM Waihi G-. Jimc.. Mount Lyell. .. 2a 1 GOVT. LOANSBonds, 1940. ... 100 103 5 0 — 103 10 0 102 10 0 4 Jan.-July 3 14 5 Ditto, 194R. . Ditto, 1949. . 100 100 105 5 0 ■— 105 7 6 102 10 0 4 Feb.-Aug. 3 11 4 106 0 b— — 0 0 4 Apl.-Oct. 3 10 8 Dit to, 1 955. . . 100 Stock, . Ditto, 1939-52. Ditto, 1910. . . 100 300 100 i05 10 0 <— 105 10 0 — 84 Alay-JNOV. 3 0 b 105 10 0 >— 105 10 0 — 34 May-Nov. 3 6 8 iijl 5 0 •— 103 5 0 102 12 6 4 Jan.-July 3 14 5 Ditto, 1946. .. Ditto, 1919.. 100 100 ]05 10 0 •— 105 0 0 102 0 0 4 Feb.-Aug. 3 11 4 106 0 0 — — 101 0 0 4 Apl.-Oct. 3 10 8 Ditto, 1955: . . 100 109 0 0 109 17 6 101 0 0 4 June-Dee. 3 7 8