COMMERCE AND MINING

New Zealand Times, Volume XLIX, Issue 11224, 1 June 1922, Page 10

COMMERCE AND MINING

Trie STOCK EXCt.ANGE MARKET CONTINUES QUIET. YexterJay’s calls on 'Change found, the market quiot generidly. At the mominff oail, 6 [an cent. Inscribed Stock (19;>1) mude their first appearance on the Wellington list, seller's quoting .U '2 10s. " he only Nationals fluctuation on the market are the National Insurance shares, "h'en have boon rising steadily daily. Buyers „, beduled at JiS is 6d. sellers .£3 3s tid. there being one sale on ’Change at t its. Otlrerwise the market continue,■ steady. Wellington exchange. \V111)N ESD I Y’S QUOTATIONS. (3.15 p.tn. Call.)

JCum Tights. Sale on 'Change (morning call):—National Insurance, £3 3e. SALES IN OTHER CENTRES. PCS PRESS ASSOCIATION. AUCKLAND. May 31. Sales on ’ChangeNational Bank (rights), 19s 6d; New Zealand Insurance, BBa6d. Sales South British Insurance, 36s 3d; Wilson’s Cement, 17s sd; Booth, Macdonald* £99. „ _ , CHRISTCHURCH, May 31. Sale reported:—Rank of New Zealand, £2 Us 3d. DUNEDIN, May 31. Sale on ’Change:—Union Bank, .£l2 Ids. LONDON QUOTATIONS. Australian and N.Z. Coble Association. LONDON, May 30. Broken Hill, 265; North Broken Hill, buyers 30s 7d, sellers 31s 9d; South Broken Hill, buyers 31s 3d, sellers 32s 6d; Hampden, buyers 9s 3d; sellers 9s 10d; Bank of Australasia, .£l3; Bank of New South Wales, .£3B; Bank of Victoria, J 26; Union Bank, JBI3 ss; National Bank of New Zealand, .£6 2s 6d (ex rights); Bank of New Zealand, 50s; New Zealand Loan and Mercantile (ordinary), .£76 10s; Melbourne Harbour Trust Loan, JBIOS 10s; Melbourne Board of Workß, £lO7. WHEAT CARGOES. Australian and N.Z. Cable Association (Received. May 31, 5.5 p.m.) LONDON. May 81. Cargoes are dull. Prices are 6d to Is lower, but there is no bidding to test values. Parcels at Liverpool and Manchester ex Trevithick and ex Kenilworth, 555. BRISBANE WOOL SALE. Australian and N.Z. Cable Association BRISBANE, May 31. Competition was keen at the wool sales to-day. Greasy merinos were selling at advanced rates. There was strong competition from America, also from Japan. Increases in prices over previous sales ranged from 5 to 10 per cent. ADDINGTON MARKET. STORE SHEEP IN DEMAND. PBB PRESS ASSOCIATION. CHRISTCHURCH, May 31. At the Addington market fafc iambs were easier by la fid to 2s per head, the average price per lb being 7±d to 7Jd for . prime. Other aorta were proportionately less. A small yarding of fat sheep met with a spirited sale and the store sheep saile waa satisfactory, the de» mand for ewes being especially keen. Prime fat cattle were down about £\ per head. Pat cattle—A yarding of 417 head met with rather a dragging eale, and inferior steers and cow beef were hard to quit, except at low prices. Etxtra prime steers realised from £l3 15e to .£l4 17s 6d, prime «£9 15s to £l3 10s, medium £6 15a to £0 7s 6d, inferior £4 to £6 10s, prime beifens £6 5e to £7 7s 6d, ordinary £3 to £5, extra prime cows £9 ss, prime cowe £3 to £6 10s. Store cattle—Prices were about the same as last week and there was a fairly good demand. Pour-year-old steers made from. £4 12s 6d to £4 17s fid, three-year .£3 to £3 7e 6d, two year £2 to £2 6e, yearlings £1 6s to £1 10s, three-year-edd heifers £5 15s to .£6, twoyear £2 7s fid to £2 12s fid, medium cows «£1 & to £1 15s. Dairy cattle —The sale was not as bright as last week, and generally prices wore lower. Extra good second and third calvers realised <£ls, reliable £7 to .£ll, good springing heifers .£l2, ordinary £6 to £9 10s, backward springers £6 10s, cows and heifers just calved .£2 to jee ios. Vealers —A moderate supply and prices wore practically on a pax with those of last week. Runners brought £4 16s, good vealers £3 7s 6d to £4 ss, medium £1 15s to £2 17s 6d. Fat sheep—A small entry, which met with spirited competition. Prime wethors and ewes were about Is per head better than last week. Extra prime wethers brought from 29s to 345, prime 25s to 28s 9d, medium 21s 6d to 24s 6d, light and unfinished 17s fid to 20s fid, extra prime ewes 25s to 27s 4d, prime 21s to 24s 9d, medium 16s to 20b 3d, light and unfinished 13s to 15s 9d, aged 9s fid to 12s fid. Fat lambs—An entry of 2500, but the sale was not as bright as last week, one or two large exporters not operating and values were down from Is fid to 2a per head. Extra prime lambs made from 24s 9d to 27s fid, prime 20s 6d to 24s 3d, medium 19s to 20s 3d, light and unfinished lfis to 18s 9d. Store sheep—A medium entry. The sale was satisfactory, ewes being ia keen demand, though lambs were inclined to he easier. Wethers sold at about h»to rates. Fairly forward lambs brought from 13s 9d to t4s sd, good 12s to 13s 3d, medium 10s to lie fid, good halfbred ewe lambs 17« 9d to 20r 6u, small and inferior 14s 4d to 16s, good crossbred fi and 8-tooth ewes in lamb 22s to 28s, good 20s fid to 25s fid, ordinary 13s 9d to 18k, failing mouthed pwo-i in lamb 12s

to 16s ixi, ewes m ...mb Us to 12s torwaru 4 and 6-tooih wethers 18s ‘ to 19> lOd, ordinary 16s to 17s Cd. Fat pigs—A medium yarding and a good demand. Choppers realised <£2 10s fid, extra Uiooners .£3 7s to .£3 15s, heavy £4 to .£4 Bs, extra heavy £4 14s (average price per lb Old); light porkers 40s to 455. heavy to 47s fid (average price per lb 7|d to fid). Store pigs—Large stores were 3s to 4s per l ead cheaper. There was a better «n'e for wet lie's, melium stores made from 3os to 425. small ISs to 30s, good weaners 9s to 12s. FAT STOCK SALf PRICES REALISED AT BURNSIDE. IM£B PRESS .A SSOPT’ATIoN DUNEDIN, May 31. Although supplies ot fat stock were offered at the Burnside sales to-day they were on the small side, and tkeie was more than sufficient for lequiremests. The quality on the average was not up to the usual standard, there was little life in the market, aud it was noticed that export buyers were operating cautiously, which was no doubt due to the uncertainty of the labour market at the freezing works. Fat Cattle. —A medium yarding, a total of 186 head being penned. The quality was not up to last week's standard, and although competition was not very keen good quality animals were sold at prices Slightly above last week's rates. Prime ox beef was worth up to 22s 6d, light 21Sj and cow and heifer beef from 16s to 18s per 1001 b. Prime bullocks realised from £9 17s 6d to «£ll 10s, medium .£7 to o£B 10s, light and unfinished sorts from «£4 17s fid to £6 ss; prime heifers realised from .£5 12s fid to <£6.los, medium £4 to £5 ss, light and aged from £3 upwards. Sheep.—A medium yarding, numbering 2077 head. The quality was of mixed description and the sale lacked spirit. Good quality wethers were from Is to Is 6d per head dearer, but prices for all otbe sorts were about on a par with last week's ates. The yarding was comprised mostly of medium wethers and ewes. There waß a fair demand for prime quality sheep, and a few graziers were in the market for unfinished wethers. Prime wether mutton brought from 4d to 4id, and ewe mutton 3d per lb. ..Extra prime heavyweight wethers realised up to 32s 3d, prime 26s to 295. medium 20s to 235, light and unfinished sorts from 16s to 19©, prime ewes from 17s to 20s, medium 12s 6d to 15s, light and aged from 9s to 11s fid. Lambs.—A medium yarding, numbering about 1200 head. The quality was not very good, and competition was 6oemwhat slack, and a dragging sale resulted. The eale opened at prices about on a par with last week's rates, but a weakening tendency set in as the sale progressed. The last sale of the day showed a reduction of about Is per head. Prime lambs were well competed for, but medium and other sorts were hard to sell. Prime lamb was worth from 6sd to 7d per lb. Best quality lambs realised from 22s 6d to 245, medium 19s to 21s 6d, lighter kinds from 14s upwards. Store Cattle.—A email yarding was offered, and among the number i>enned was a line of four and five-year-old bu.L locks in 6plendid condition. These came from Central Otago, and attracted considerable attention. The line was sold under good competition, prices ranging from £5 to *B7 10s per head. There was very little demand for young and backward conditioned cattle, and lower prices \ had to be accepted in order to effect &ales. Pigs.—A small yarding. The number offered, however, was quite sufficient for requirements. Although competition was slack the prices realised were about ! on a par with those which ruled at last week's sale. Best baconers realised from 6d to 6£d per lb, and best porkers from 6|d to 7£d per lb. SALE AT JOJINSONVILLE. Messrs Abraham and Williams, Ltd., and Messrs* Wright, Stephenson and Co., Ltd., report on their Johnsonville ,fat 6tock sale, held on Wednesday, May 31st, as follows: —A good quality yarding of. sheep came forward, including some extra prime two-tooth wethers, which realised prices in excess of last week. Some heavy ewes were penned, but competition on these was dull. Any good lambs sold well, but plain stuff was neglected. The quality of the beef was good, and best ox made up to 21s per 1001 b. Calves and vealers showed a slight improvement on last week. Vealers sold freely. We quote:—Sheep: Best wethers 26s 6d, 26s lid, 275, 27b 7d to 28s 10d; good, 24s to 25s 7d, and light 22a to 23s sd; ewes, 17s 3d, 18s Id to 18s 3d; best lambs, 20s 3d to 20s sd; store©, 14s 6d to 15s. Cattle: Best ox £B, «£8 2s fid to £8 10s, good and fair £7 ss; be9t cows £4 12s 6d, lighter sorts £3 10s to £3 17s 6d; best vealers «£2 19s to .£3 4s, medium £1 12s 6d, £1 15s to £1 18s, light 25s to 295. WELLINGTON CUSTOMS. 1 The Customs revenue collected at Wellington yesterday totalled .£3281 8s Bd. For last month the total revenue received was £119,978 17s 4d, and beer £5045 7s 3d.

Buyers. Sellers JE s. d. X a. d. Inscribed Stock U9S9) — 94 5 0 Inscribed Stock (193S> — 1 inscribed Stock V 1933) — War Bonds <1938, 94 5 94 5 P.O. Hondo U92fT) 0 IS n s Australasia — 6 13 3 0 National J5 17 ~ National (rights) 0 19 3 6 New Zealaud 12 10 0 National Mortg. (Local) 3 3 0 — N.Z. Loan and Mercan76 0 0 tile lord.) 70 0 0 5 2 6 u YVn. Invest T. and A. 0 9 0 0 10 Ga^— .Wellington (ord.) 8 10 0 — ' Insurance — National Meat Freezing— N.Z. Refrigerating 3 2 0 14 6 (10s) —« Transport— 1 16 to Huiddart-Parker (ord.) 2 7 6 2 8 to Woollen— 6 5 0 Wellington (pref.) 8 13 2 — Coal — 0 14 » Timber — 1 12 0 — Dental and Medical U Miscellaneous — Wairarapa Farmers (•£5) 4 15 0 -