COMMERCIAL

New Zealand Herald, Volume 81, Issue 24971, 14 August 1944, Page 5

COMMERCIAL

LIVESTOCK MARKETS CONDITIONS IN WAIKATO (0.C.) HAMILTON, Saturday Although further rain has fallen in the Waikato and the flat country is rather wet, pastures continue to show considerable growth and the demand for store stock remains very firm. A small entry of station-bred store cattle at the Central yards on Tuesday consisted principally of two-year and yearling steer? with a few pens of breedir.g cows. Competitioi for all classes was keen. Prices for the fttee: • were steady and the cows sold considerab ' in advance of expectations. The market dairy stock is buoyant and prices have show), an increase of front £ 1 LOs to .L'2 a bead ai some sales. Few. yearling heifers have beer penned, but there is a strong demand, am. prices for the small lines offering remain. vet> firm. Empty two-year heifers also meet a ready sale at prices in vendors' favour. Small yardings of boner cows sell at unchanged rates. , ... Business in the store sheep section is brisk The demand for hoggets exceeds the supply and prices show a further increase. A. number of graziers are on tiie market for ewes tn lambs, but very few lines are offering. Prices have advanced. Beef. —As usual at this time of the year onlv small yarding? of fat cattle are coming to "the market and prices are showing the expected winter rise. While there are a number «f forward-condition cattle being held, supplies of really prime cattle appear to be limited. Heavy prime steers sell from £l6 to £l7; prime. £l4 to £ls; light, £l2 10s to £l3 10s; heavy, prime young cows and heifers, £ll to £l2; prime. £lO to £lO 15s; tight. £8 10s to £0 10s. Mutton. —Smaller yardings of fat sheet have been penned and prices have advanced Owing to the dry summer many lines of ewes which are usually held for the winter trade were sent to the works, and the ■ market appears likely to be short until the dr.v ewes start to come forward. The smaller number of ewes offering has also helped to strengthen, the market for wethers. Fat lambs continue to sell readily at recent firm rates. Heavy prime wethers sell from 38s to 40s 6d; medium, Wis to 37s Gd; lizht. 33s to 355; heavy prime ewes, 28s to 28s Gd; medium, 25s to 20s Od; light, 21s to 235. Pigs,—Small entries of fat pics meet a keen sale. Butter-milk feeders are operating for pigs suitable for finishing, and values for this class have improved. Stores and weaners art- a!so wanted and values have firmed Baeoners sell from £1 Is to £5 13s; heavy porkers and butter-milk pigs, £3 15s to £4; medium porkers. €.'J <>s to £3 Vis: light. £-3 to £3 osi; large stores. £2 12s to £3; medium, £2 2s to £2 10s; smaller. £1 1..s to £2; weaners, 15s to 355. PRICES AT MORRINSVILLE (0.C.) MORRINSVILLE. Saturday A medium yarding of fat sheep was offered at the Morrinsviile stock sale yesterday. Ihe entrv consisted chiefly of lambs, which gold at late rates. There was an exceptionally strong demand for a small varding of fat cows and values rose sharply. A medium offering of boner cows also sold freely. Dairy cattl© were in keen demand and prices advanced. There was a larger yarding of all classes of pigs, with a strong inquiry for butter-milk pigs and stores. Quotations. —Medium wethers. 84s 9d; light. 30s (id; maiden ewes. 33s Od; light fat ewes. "Os; heavy fat lambs. 27s lo 29s Gd; medium. 21s to 2tis; light, 20s Od to 22s 6d. Medium fat Jersey cows. £S to £8 16s; lighter cows and heifers, £7 to £7 15s; heavy boner cows. £5 10s to £0 13s; medium, £4 to £5; twovear empty Jersey heifers. £4 10s to £5 10s; medium yearling Jersey heifers, £6; dairy cows in milk. £ll to £ls; springing cows. £l2 to £11; later calvcrs. £0 to £11; choice heifers, close to profit, £ls to £l6 Gs; good quality heifers. £l2 to £l4; smaller heifers. £!) to £11; calved heifers. £ll to £l2 1 OS. Heavy choppers, £4 4s to £4 lGs; others. 3is io £2 lis; heavy baconers. £5 (is to £o 12s; light, £4 Os to £4 12s; butter-milk pigs and heavy porkers. £3 8s to £4 2s; large stores, £2 15s to £3 oa; smaller. £2 .>s to £2 12s; slips, 32s Od to 3Ss Od; weaners. 20s to 28s Od; sows in farrow. £3 to £0 15s; pedigree Berkshire sows, oy^ens to lOVagns; sows with litters, £5 17s Od to £lO 10s: Berkshire boars, £l3 to £5. MORTS DOCK PROFITS The annual accounts of Morts Dock and Engineering Company, Limited (Sydney), for the year ended June 30 show a net profit of. £00.513, compared with £71.151 the previous year and £72.903 in 1942. It is reached after allowing the usual £25,000 for depreciation. The dividend reduced from 8 to 7 per cent, requires £45,500 and £15,000 is added to reserves tlast year £20.000). The carry forward is £20,362, against £26.349 brought in. FOREIGN EXCHANGES Closing telegraphic rates for purchases ami sales of foreign exchange Auckland on overseas centres on Saturday were supplied by th" Bank of New South Wales as follows: — August 12 T.T. T'! Buying Selling New York. dol. to £ .. 3.2542 3.205(1 Montreal, dol. to £ . . 3.0039 3.52!i0 India, pence to rupee .. 22 3-10 22 3/ 4 Ceylon, pence to rupee . . 22 3-16 22 3 i S.A.. £N.Z. £S.A. 100 123 125/2/ ft London. £N.Z £st, 100 121/7/6 125 Australia, L'A. £X.7. 100 100/10/- 100 Fiji, £F. CN.Z. 100 . 90 88/12/fi Chungking, >i.Z. pence to Chinese dollar 4d CALL AND DIVIDEND LIST Dividends— Due G. J. Coles—final. 6 p.c. . . . . Today Mt. Morgan—int., pi.. 4 p.c. .. Aug. 15 Voohvorths (Sydney)—half-year,lst pref.. 5 p.c.; 2nd pref.. 3'A p.c. Aug. 15 Woolworths (W.A.) —int., pf„ 4 p.c. Aug. 15 Queensland Nat. Bk.—final, 2% p.c. Aug. 17 Com. Bank—final, pref., 2 p.c. ord., 3 1-3 p.c. . .. .. Aug. 17 Com. Banking—,% p.c. p.a. .. Aug. 1." Dominion Invest.—final. A shares, 3 p.c. . Aug. 22 Farmers' Fert. —ord., 4 p.c. . . Aug. 23 Morts Dock —7 p.c. . . . . Aug. 23 Con. Brick —1 % p.c. . . . . Aug. 29 Bank N.S.W. —int., qr„ 6s a share Aug. 31 Wellington Wool —final, 2 p.c.; bonus. 3 p.c. , . . Aug. Southland Fr. Meat —int., Sd a share (books August 21) . . Sept. 1 Northern Roller—int., pf„ 5 1-5 p.c. p.a. . . .. Sept. 1 J. J. Niven—lOd a share .. .. Sept.. 8 K.D.V. Boxes —final, 4 p.c. (books August 30) .. .. Sept. 11.