VALUES ON STOCK EXCHANGE

New Zealand Herald, Volume LXXII, Issue 22029, 8 February 1935, Page 5

VALUES ON STOCK EXCHANGE

AUCKLAND RATES YESTERDAY

FORMER LEVELS COMPARED

•Interim dividend increased. **Bubject to Income Tax, \ Tho return on 8 J per cent- Government loans docs not include redemption and covers only- the period for which the loans are tax free.

WAIKATO STOCK MARKET

"X BENEFIT FROM RAIN GOOD GENERAL TONE Although there is nothing to indicate a general break of the drought, heavy thunder showers have fallen, with benefit to all localities, and a growth of pasture is expected. The change is nfost welcome. i ' Concerning the favourable inclination toward sheep there can be no question; indeed, their buoyancy under conditions bo adverse is testimony enough, but it was plain that fear was steadily growing and before long must have dominated all speculative tendencies. Provided no lapse into a further dry period takes place, confidence should again become established and allow the normal demands of the season to seek satisfaction. Already a much stronger tone is evident. It was noticeable particularly at the Waingaro fair this week, where possibly the briskest sale of the season was witnessed.

A weakening of products on the English market has resulted in a slight writing down of the mutton schedule locally. Export competition at the yards, however, seems a little ahead of that basis, and only the rougher, classes fail to advance beyond. Lambs* have not been affected. Conditions as they affect the separate sections are:— BEEP The local demand for beef is not heavy, and fortunately the offerings are within normal limits. A fair amount ia being handled for export, and it ia clear that but for this saleyard values would be difficult to maintain. Kates at the Central Yards on Tuesday declined somewhat for osc beef. Good quality cow and heifer beef alone maintained recent rates. Prime ox sold to 20b; ordinary, 18s to 19b; prime heifer, ISs; prime young cow, IBs to 16a; ordinary, 9s to lie; rough, 6s to 7s 6d. MUTTON Although working on a lower schedule, export competition is still very usefully employed in this section, which would faro badly without it, as butchers' rcquiremcnta are quite,, insufficient to absorb the offerings. The offering at Frankton this week, was much weaker, but improvement was observed as the sale advanced. Really prime wethers were well competed for, making to 27a Gd for choice* lots, but cwea generally were under last week's rates. Lambs were again the subject of free competition, and the entire entry was absorbed on the schedule basis. Prime wethers made from 21s Gd to 27s Gd; quality, 22s 6d to 245; light, from 21s; prime heavy ewes, 15a to IGs Gd; medium, 13s 6d tb 14s 6d; light and unfinished, from lis; prime heavy lambs, 23s to 26s 6d; medium, 19s to 22s fid; light and unfinished, from IGs.

STORE CATTLE Thia section attracts little interest and ia devoted chiefly to boner cows, for which the demand is extremely weak. Values for these continue as recently quoted. STORE SHEEP The local fairs have practically con eluded and vendors) are, n« they have good reason to be, well satisfied with the results. Quito a lot of anxiety had arisen on belli sides, due to the unusual nnd extremely dry weather, but the need for stock proved paramount and suppressed all other considerations. The most recent fair, that held at Waingaro on "Wednesday, disclosed a vast rango of buyers, and astonishing keenness in their competition. Everything sold at auction, and still left lots of buyers with wants unsatisfied. Lambs also, which recently declined in value again, revived ahd. proved that only rain was needed to make them as popular as ever. There still tcmain large consignments of East Coast ewes to be dealt with, but with confidence again restored their transfer should riotobo attended with difficulty. Current rates are:—Two-tooth owes. best, to 275; medium, from 21s to 235; four and six-tooth ewes, 23s to 20s: medium, 19s to 21s; four-ydar ewes. 19s to 22s Gd: five-year ewes, IPs to : 21sr see-year ewes, 16s to 18s; nged, 8s to 12s; forward wethers, to'22s; stores. 18s fid to 20s Gil; forward- lambs, 14s to 15s Cd; good store lambs, lis to 12s; medium, 9s fid to 10s Gd; small, from 7a. PIGS Fairly good yardings are being handled at all centres, with good competition always available. Values remain uniform and similar to those quoted a week ago. Heavy baconers sell to £3 IGa; medium, from £3 3a to £3 8s; light, from £2 12s; heavy porkers, to £2 8s; medium. 3Gs to 40s; light, from 30s; store pigs, 18s to 255; slips, 12s to 17s; weaners, 4s to 9s. WHOLESALE PRICE OF EGGS The wholesale prices of eggs in .Auckland are unchanged, as follows:—Hen, first grade, Is sid a dozen; B grade, Is 3jd; C grade, lljd; duck, Is 24d, Is lid and ll£d.

THE MARKET BASKET

RISE IN BUTTER PRICES VEGETABLES STILL DEAR A further rise of Id a lb. in the retail price of factory butter occurred earlier in the week. First grade is now selling at Is 2d a lb. and second grade at Is, there being no" 1 change in the price of farm # butter. A shortage still exists in all classes of green vegetables and prices are correspondingly high, cabbages remaining at up to lOd each and lettuce ate up to 5d each. Cauliflowers are selling at up to lOd. Tomatoes are becoming somewhat scarcer and the price has increased Id during the week. Pineapples are practically unprocurable at present. Prices for various sorts of lamb have decreased Id a lb., but all other meat prices are unchanged. Slight increases have taken place in the prices of bacon and hams, while values for fish and eggs, remain unaltered. Yesterday's values were;—

FRUIT Apples, cookers, Statesman, Red (Astrakhan and Gravenstein, 4d; Canadian, Delicious, Jonathan. Winesap, 6 or 6 {or is; pears, Bon Chretien, 4d a lb; -oranges, Californian, 3s to 4s; Jamaica, 2s 6d to 4s; grapefruit, Sunkist; 6d each: lemons, local, 9d to la 6d; bananas, Fiji, 4d per lb; tomatoes, 4d to 6d; grapes, local, hothouse, Is 3d to Is 9d; peaches, Is to 3s a dozen; plums, 4d to 6d a lb; Greengage, 6d to 8d; Damson, 6d; choice, 8d;, apricots, 6d to lOd; mangoes, 4d to 8d each; pawpaws,. 6d to 2s; raspberries, lOd a lb; black cur-; rants, 8d to Is; nectarines, 6d to 8d; pas--sion fruit, 9d to Is a dozen. /' ; ' > v v.". : VEGETABLES Potatoes, 2}d a -lb; kumaras, sd; onions, local, 3d; Canadian, 3d; pumpkins, 2d to 3d a lb; cabbages, 6d to 10d each; guouinbers, 3d to 6d; lettuce. 3d to 6d eatn; radish, spring onions, turnips, parsnips, carrots, spinach, beet, 2d to 4d; green peas, 4d to 6d a lb; beans. 4d to 6d; French, 4d to 6d; spring marrows, 4d to 6d each; cauliflowers, Cd to 10d each. # MEAT

Beef.—Rump Bleak, Is per lb; undercut, Is 2d; beef steak, 6d; stewing steak, sd; eirloin, BJd; prime ribs. Rd; price ribs (boned and rolled), 8d; wing ribs (three chine bones), 7id; topside (41b and v over), sd; thick flanks, 4d: bolars, s}d; double" top rib, 4§d; chuck rib, 4d; rolled back tib, 6d; corned round, 7d; corned brisket (boned), sjd; brisket and flat rib, 3Jd; thin flank, 2d; gravy beef or shin meat, 4d-; minced beef, 4d; tripe, 6d; suet, 4d; sausages, sd; sausage meat, 4d; whole shins or legs, lid; half shins or legs (thick end), 2d; half shins or legs (knuckle end), lid; ox-,kidneys. Is; ox tongues, 7d;. ox tails, 6d; whole loins, 7d,; whole rumps, Bd. , - .

Muttop.—Sides, 7d per lb; whole legs. 8d; cut legs, Bid; shank end (Gib or under); 9d; hindquarter, 7Jd: forequartor, 6d; shoul-' der, 7d; shank end of forequarter, neck, 6d; loin, 8d; middle loin chops. IOdT leg and rib chops, fid; neck chops, best eiM, 7d; atewing chops, Gd; flaps, 3d; cutlets (trimmed), Is; sheep's fry, 6d; kidneys, 2d each; tongues, 2d: pheep's head (dressed), sd; sheep's brains, 2d. Lamb.—Spring, forequarter, 9d; hindquarter, lid; legs, Is 2d; loin, lid; aide, lOd; chops. Is. Veal.—Fillets, 7d; loins, sd; shoulder, 4d; quarters, 3d; rolled veal, 6d. Pork.—Leg, lOd; loin, lOd; foreloin, witH blade, 8d; pork chops, lid; corned hand, 8d: corned brlly, 10d; pork sausages, 7d. These are cash prices at the shops, booking and delivery beinjj a penny a pound extra. FISH Schnapper, whole, 5d per lb; trimmed, 6d; Bmoked, lOd; skinned fillets, 9d: tera-. kihi, whole, 4Jd: smoked. 6d; kippered fillets, Id; trevalli, whole*. 2d per lb; smoked, sd; John Dory, whole, 6d; fillets, 9d to lOd per lb;, lemon fish, fillets, 4d; Bilver strip, Gd: hupuku eteuks, 10d; wings, smoked, 7d; cod, smoked, la; gurnard, whole, 3d; barr'acouta, whole, 4d; em'okod. Gd; kippers, Scotch, Is;'crayfish, Gd per'lb':, mussels, fresh, Is Gd a dozen; pickled, 18 6d a bottle; rabbits, Is each; hares, Is 6d each; mutton birds, Is each; cod fillets, Scotch, Is Gd per lb; findon haddocks. Is 3d; rnoki steaks, 6d: sirroked steaks, 7d. BACON AND HAM £ Bacon.—Shoulder rashers, Is per lb; rib rashers. Is 4d; by piece, shoulder'cut, lOjd to Is 2d. Ham.—Whole, Is 2ld per lb; in rashers, la sd; cooked, pressed, Is lOd; rolled, 2a. BUTTER AND CHEESE Butter.—Factory, first grade. Is 2d per lb; second grade. Is; farm butter, 10d per'lb. * .Cheese.—Ordinary, 8d: more matured, la to Is Gd. EGGS Duck, Is 5d a dozen; hen, first trade. Is Gd. * V. ,i, „ WHEAT IN AMERICA CHICAGO. Feb. 6 Wheat.—May, 94 § cents a bushel; July, 87i{ cents; September, 86$ cents. The New York price for cash is 1 dollar 14} cents. .

"S COMPANIES Amount Paid-up Buyers 1 Sellers Appro*. Market Price a week ' ago Appro*. Market Price a year ago Last annual Dividend • Dividend Payable B BANKS— £ £ a d £ s d £ b d £ s d £ s d "Australasia . . Com. of A us. E.S. and A. ... Nat. of N.Z. . . N.S.W Now Zealand.. 5 10a 3 21 20 1 11 7 6 0 16 7 5 1 (1 3 10 0 31 7 6 2 10 8 11 11 0 16 5 2 3 11 31 5 2 10 3 7 0 3 0 7 13 <0 0 17 5 17 4 5 33 7 2 10 0 6 0 0 6 3 7* e 6 4 5 10 Oct.-Mar Feb,-Aug. May-Nov. Jan.-July Quarterly Dec.-June 3 19 8 3 0 0 3 12 3 3 9 6 3 3 6 1 3 18 9 Reservo 6 6 12 0 6 12 9 ~T 6 — ■ 3 16 0 6 — KwVjl 8 18 0 9 18 6 B Jan-July 3 8 8 INSURANCE— ' K ational New Zealand.. South British.. ma 1 3 0 3 9 6 1 2 3 10 6 6 0 18 2 18 8 4 10 5-7 10 May-Nov. Feb.-Aug. 3 3 10 2 17 7 Bfl 4 16 9 4 1.7 3 3 16 0 2s 8d Apl -Oct. 2 15 0 LOAN AND AGENCY— **Dom. I. & B.. ■ 0 16 11 0 16' 6 6 0 17 1 14 6 4 August 4 17 0 Golds-Mort. ... i — 19 9 1 9 0 6 Dec.-June 4 0 8 COAL— Pukemiro. • • • • i 1 6 3 I 17 3 1 6 6 1 1 6 21, Mar.-Sept. 1 17 5 Renown....... i 0 7 3 0 1 3 j ~ — — Taupiri... . • • • i 0 18 0 0 15 9 _ Nov.-May — Do. (pref.).. i 1 5 0 1 4 O 1 3 0 ft Oct.-April 4 3 4 Westport 10s 1 2 6 1 2 0 0 14 9 10 Ma,y-Nov. 4 8 11 GAS— Auckland...... Do. (con.).'.. 1 15s 1 T 0 0 19 6 1 6 _ 1 *6 0 19 9 3 14 3 0 17 10 6i 51 July-Feb. July-Feb. 4 0 9 4 4 7 SHIPPING— Dev'np't Ferry Huddart-Parker Northern Steam 1 1 118 1 3 0 15 0 1 17 9 0 7 0 12 3 1 17 4 0 6 11 1 1 1 13 0 7 7 6 0 5 5 Dec.-June Sept.-Mar. Nov.-May 4 3 4 *2 13 0 TIMBER— Bartholomew.. Kauri 1 25s 0 14 6 0 18 11 0 19 3 0 14 0 19 6 2 0 12 0 17 6 10 2} 3 Oct.-April June-Dec. 3 9 0 3 18 11 National 1 0 13 6 0 12 3 0 5 7 21 May *3 12 1 BREWERIES— N.Z. Breweries. Tooth's 1 1 2 11 9 2 12 6 2 11 0 2 11 4} 5 10 9 2 0 2 5 9 0 ? 91 Jan.-July May-Nov. 2 13 9 3 14 6 MISCEL'OUS— British Tobacco 1 1 18 3 ■VCMu 1 18 9 1 17 1 # Quarterly 3 2 2 Bycroft 1 2 11 0 2 12 0 2 12. 6 2 1 9 10 Nov.-May May-Nov. Mar.-Se^. August June A pi. -Oct. 3 17 8 Colonial Sugar. Elec. Zinc (pr.). Farmers' Fert.. Farm. Trading. Milne & Choyce deb 20 1 1 8a 1 KfHjm) BSJjK 41 15 0 0 19 6 0 7 6 0 19 0 BV h^TI 0 6 6 9 1 15 0 17 0 3 3 6 10 6i ,8 5 3 81 3 0 3 4 15' 6 5 5 3 3 4 9 3 13 8 Robinson's Ice. Union Oil. . 1 16a BIB 1 8 6 HSU B 0 17 1 6 6 6 6 Is 3d June A pi .-Nov. 5 4 4 4 6 2 "Wilsons Cement 10s 1 13 6 1 13 9 1 13 6 1 8 0 10 Nov.-June *2 19 6 MINING— "Waihi [Waihi G-. June.. Mount Lyell... 6s 2s 1 1 19 0 0 4 8 0 17 0 1 19 6 0 4 9 0 18 0 1 19 0 4 0 16 3 7 3 1 11 0 4 1 5 0 11 3 40 4d May.-Nov. May June-Deo, 6 5 10 8 16 5 GOVT. LOANS- ' Bonds, 1940.... 100 103 7 6 03 7 6 101 10 0 4 Jan.-July 3 7 10 Ditto, 1946.. 100 Will 0 mmm _ 4 Feb.-Aug. 3 9 0 Ditto, 1949/. Ditto, 1955... Stock, 1938-52. . 100 100 100 M 6 0 r> 4 4 31 Apl.-Oct. J May-Nov. 3 8 4 3 7 2 3 5-11 _ Ditto, 1939-52 100 - ■— 0 31 May-Nov. 3 6 2 Ditto, 1940.. 100 103 7 6 6 4 Jan.-July 5 8 5 Ditto, 1946... 100 - 106 2 6 KL 4 Feb.-Aug. Apl.-Oct. 3 9 4 Ditto, 1949, • 100 liiyBiMii ETiTJUl \A 4 3 8 9 Ditto, 1955... 100 109 5 0 109 15 0 109 5 1 4 June-Dec. 3 7 6