COMMERCE AND MINING

New Zealand Times, Volume XLIX, Issue 11249, 29 June 1922, Page 10

COMMERCE AND MINING

THE STOCK EXCHANGE MARKET REMAINS QUIET. NO SALES REPORTED. Yesterday's call on ’Change found little improvement in the market. Buyers were prepared to pay an increase of 2s 6a in the price of Inscribed Stock (193 B), and Inscribed Stock U93ib. War He mis. maturing in 1938, were in demand at A 93 I2s fid. Australasians remained at recent rates, but there was a slight increase in New Zealande. Unions were at .£l2 ISs. Sellers were prepared to accept 2s 6d lees for Inscribed Stock (1935), but 6 per cent. Inscribed Stock remained as recently. Unions were offered at .£l3. No sales were reported. WELLINGTON EXCHANGE. WEDNESDAY’S QUOTATIONS. (3.13 p.m. Call.) Buyers Sellers.

+Cum div. SALES IN OTHEIB CENTRES. FEB FBBSB ASSOCIATION. AUCKLAND, June 28. Sales:—New Zealand Insurance, 29s 6d; Parker and Lamb, 225: Auckland Trams, 17e lOd. ditto (pref.), 18s 4d; Waihi, 275, 27s 3d, 27s 3d: Grand Junction, 7s 9d, 7s BjJ; South British Insurance, 88s 6d. LONDON QUOTATIONS. Australian and N.Z. Cable Association. (Received June 28, 0.5 p.m.) , LONDON, June 27. Quotations on the London Stock Exchange include—Bank of Australasia, £l3 Ss; Union Bank £l3 2s fid; Bank of New Zealand, 122 s 6d; New Zealand Loan and Mercantile debentures, £79, ordinary £76. WHEAT MARKET STEADY. AustrUian and N.Z. Cable Association. (Received June 28, 9.55 pm.) LONDON. June 27. The wheat market is steady so far as sellers are concerned, but for tho moment buyers have withdrawn. Parcels are more fieely offered and small trade is being done at about sixpence under late rates. LONDON WOOL SALES. Australian and N.Z. Cable Association. (Received June 28, 5.5 p.m.) LONDON, June 27. There was a fair selection of merinos and a large selection of crossbreds at the wool sales. Merinos sold well at late rates. There was an abundant demand for crossbreds end stronger tone all round. BURNBIDE STOCK SALE HIGHER PRICES REALISED, ran rasas association. DUNEDIN, June 28. Prime quality sheep were in good demand at the Burnside sales to-day, and higher prices were realised. The yarding was a large one, and the quality was much superior to that of late offerings. There was a large yarding of lambs, but many laoked finish, and were a little difficult to sell. Export buyers were in attendance in view of the resumption of work at the freezing works, but were not operating to any extent. There was a brisk demand for pigs, and higher prices were realised for prime baconers and porkers. The prices for fat cattle were about on a par with lato rates. The yarding was a fairly large one, and included some excellent quality huilooks. One or two lines of good dairy oows were included in the store cattle section, and the offerings were disposed of under brisk competition at prices ranging from £lO IDs to £l6 10s per head. Fat cattle—A moderate yarding, a total of 193 head being offered. The sale opened at prices on a par with those obtained at last week’s sale, and firmed up as the sale advanced, although there was no appreciable change in values. Nice handy-weight 'bullocks were worth 23s 6d per 1001 b, prime heavyweight bullocks about 21s 6a, heifer beef 20s, and cow beef was down to 17s 6d per 1001 b. Prime bullocks realised up to £l2; medium, £7 10s to £8 10s; light and unfinished sorts up to £6 10s; prime heifers realised from £5 to £6; medium, £4 10s to £5; light and. aged up to £4. Sheep—A large yarding, numbering 2613 head, a good proportion being good quality wethers and ewes. Competition was brisk, and prime wethers and ewes were sold at an advance of la per head, while other sorts realised late rates. Extra prime lightweight wethers made from 4Jd to 4jd per lb; good ewes, 3J<l to 4d; medium ewe, 3Jd to Aid; extra prime heavyweight wethers realised from 30s to 35a 8d; prime, 26s to 295; medium, 22s 6d to 25s 6d; light and unfinished sorts from 17s to 20s; prime ewes realised from 198 to 22s fid; medium, 15s to 18s; light and aged from 11s to 13s. Lambs—A fair yarding, numbering 498 head of medium quality. Export buyers were not very keen to secure supplies, and the yarding was theerfore quite sufficient for requirements. Prices were slightly better than last week’s rates, and prime lamb sold in the vicinity of 61d per lb. Prime lambs realised up to 21s fid; medium, to 17s; lighter kinds, uip to 13s. Store cattle—A medium yarding was offered, and was comxirised mostly of young and backward animals. An exceptionally good line of dairy cow 8 realised satisfactory prices. There was very Untie demand for other sorts, and storo bullocks were very hard to sell. Pigs—A large yarding, all classes being well represented There wag keen competition. and a clearance was effected at higher values. Prime baconers showed a rise of ss, and prime porkers about 7s 6d per head; best baconers realised from 6Jd to 7d per lh, and best porkers from 8)d to 9d per lb. WHEAT-SOWING AFTER POTATODIGGER. In the section of his recent series of articles on ‘'Commercial Potato-grow-ing.' dealing with digging ("Journal of Agriculture’’) Mr H. E. McGowan, of W’illowbridge, mentioned that the tilth left by the machine digger was so thorough that tho only preparation required for the next crop' was a superficial cultivation. Mr McGowan now sends some particulars of a crop of wheat grown in nis district in tho pest season on tho rvstem referred to. Tho area was about 20 acres, and receive I a single stroke of a spring-tinM cultivate! ard a harrowing before the wlioat (Victor variety) was drilled in. Tho crop was threshed the other day, and gave a vield of 66 bushels per acre of a very fine sample. The preceding cron of potatoes had been dug with a Hcover dig"er.

ADDINGTON MARKET

FURTHER IMPROVEMENT IN BEEF. TTR TRESS ASSOCIATION. CHRISTCHURCH, .Tune 28. At Addington market the weather waa very cold, and the yarding l and attends ar.oe was smaller than for a lon# time. Beef sold at a farther improvement, and prime mutton was up about Is 6d per head, light sorts beincr -weaker, while store sheep sold at better figures. A few pons of fat lambs were sold with fat sheep. Store sheep —A small yarding. The market opened irregularly, but firmed as it progressed, hoggets and wethers were selling more freelv than usual. Good 4,6, and S-tooth ewes, in lamb, made from 21s lid to 21s sd, ordinary 16s to 23s 9d good 4-tooth crossbred ewes in Umb 22s 6d to 25s Cd. 2 and 4-tootli ewes in lamb 2i>s 6cl. failing-mouthed ewes in lamb 10s 6d to 16s, aged ewes in lamb 8s 7ct to 11s, aged empty ewes 7s 7d to 7s Bd, good mixed sex crossbred hog* get*- 12s 2d to 15s, crossbred wether hoggets 11s Id. halfbred wether hoggets 14s Gd. crossbred ewe hoggets 17s. Fat sheep—The smallest yarding of Ihe season comprising less than eight raoes. The bulk were light sorts. The market was stronger for prime mutton, but weaker for light sorts, and there were some "passings" near the end of the sale. Extra prime wethers brought from 80s to 38s. prime 25s to 295, medium 20s 3d to 24s 6d, light 17s to 20s, extra prime ewes 25s to 28s 9d, prime 20s 6d to 24s 6d, medium 15s 6d to 20s, light 12s to 14s 9d, aged 9s 6d to 11s 6d, prime hog* gets 19s 9d to 225, ordinary 18s to 13s 6d. Fat cattle—2ss yarded, the smallest for some time. There was an advance of about 25s per head, medium sized beef selling well. Prime beef made up to 35s per 1001 b, extra prime steers <£lß, prime £ll 10s to £l4 17s 6d, medium £3 15s to £ll 7s 6d, light and inferior steers £4 12s 6d to £B, prime 'heifers £7 10s to £8 10s, ordinary £5 17s 6d to £7, light and inferior £3 10s to £5 ss, extra prime cows £l3 15s, prime £6 15s to £8 7s 6d, ordinary £4 12s fid to £6 7s 6d. v eaters A distinct improvement in quality and prices were very firm. Runners made from £4 12s 6d, eood vealerp £.3 15s to £4 15s, medium £2 5s to £3 10s. Store cattle—A small entry of nondescript sorts. Three-year steers made from £3 15s to £4 ss, two-year £2 10s to £2 17s 6d, yearling 18s to £1 16s, threeyear (in calf) heifers £4 to £5 12s 6d, two-year £3 10s to £3 ss. vearling £1 15s to £2 2s, medium eow9 £1 5s to £1 15s. Dairy cattle Good springers on the point of calving sold readily, but other sorts were not in demand. Good second and third culvers on the point of calving 6old from £9 to £l4 10s, nood springing heifers £7 to £l2, cows in milk £2 5s to £4 10s. Fat pigs—A medium entry and a good demand, especially for porkers. Chopper? made from £3 to £5 10s, light baconere £3 15s to £4 ss, heavy £4 10s to £5, extra heavy 255 10s (average price per lb 6d to 6Jdl, light porkers 47s to 555, heavy 57s 6d to 70s (average price per lb BJd to 9d). Store pigs—Prices were well below those of the previous week. Medium stores sold from 30s to 355, small 22s 0d to 295, _weaners 10s to 15s, young pedigree boars 2k to 44 guineas, young pedigree sows 4J to 5i guineas.

FAT STOCK SALE

HELD AT JOHNSONVILLE. Messrs Abraham and Williams, Ltd., end Wright, Stephenson and Co., Ltd., in conjunction, report on their JohnsonTitle fat stock sale held ou June 28th as under:—A limited yarding of sheep came forward, consisting of some good wethers, the ewes and lambs being very medium. Prime sheep showed a rise of fully 2s per head on last week's quote. Plain sheep were dull of sale. Heavy bullocks soldi very well, also heavy cows. Several pens of light cattle were hard to quit. Vealers sold well. Prime ox made up to 21s per 1001 b. We quote:—Best ox, £8 5s to £8 15s; good, £7 £7 2s 6d, £7 ss, £7 10s to £7 17s 6d; light, £6 5s to £6 15s; cows, best, £4 115 sto £5 7s 6d; good, £4 to £4 10s; light, £3 to £3 12s 6d; vealers, 355, 38s, 40s, £2 5g to £2 7s; best wethers, 31s 6d to 32s Id; medium, 25s 9d to 2&s 9d; other wethers, 23s to 24s 3d; ewes, 17s 9d to 19s; lambs, best, 295, 20s 6d to 21s; others, 13s to 16s 6d.

WELLINGTON CUSTOMS.

The Customs revenue received at Wellington yesterday totalled £4315 16s Id.

d. X 6. d. Mining--Waihi 1 7 0 1 8 0 \\»»- l Inscribed Stock (1939) 93 12 6 — Inscribed Stock (1938) 93 12 6 93 17 6 3 p.c. Ins. Stock (1931) — 101 10 0 War Bonds (1938) 93 12 6 — Australasia 12 16 0 — New Zealand 2 11 6 — Union 12 18 0 13 0 0 Financial— National Mortgage (local) +3 7 6 — Insurance — New Zealand 1 9 3 — South British 1 18 0 1 19 0 Transport— Huddart-Parker (prof.) 0 18 9 — Union Steam (pret.) ... 0 18 9 ■ Woollen— Kaimpoi (ord.) — 1 6 0 Coal— W atpa 0 15 3 0 15 6 Miscellaneous— Dental and Medical — 1 3 0 Howard Smith 2 5 0 —