COMMERCE AND MINING

New Zealand Times, Volume L, Issue 11653, 18 October 1923, Page 10

COMMERCE AND MINING

WELLINGTON EXCHANGE.. YESTERDAY'S QUOTATIONS (.3.15 pm Call.) I’rices of investment anil milling stocks 3e>te/dav \'vic as lullpw : buyers. Seller*. £ s. <l. £ s. d. MiningWnihi 1 6 4 -

*Cum tliv. tEx div. Sales reported (10 a.m. call,):—New Zealand Insurance, .£1 i)s lOd. 3.15 Call: —War bonds (1941.). <£97 os, (ll>38) £97 ss; Bank of New Zealand (new issue), £2 11>; N.Z. Refrigerating (iUs), 12*. SALES IN OTHER CENTRES. Per Press Association. AUCKLAND. October 17. Solos:—New Zealand Inscribed Stock (1338). £97 2> 6d; Milne and Choyce Debenture Stock. *-3s 3d; Waihi, 2bs 6d. CHRISTCHURCH. October 17. Sales reported Huddart-Parker, 425; New Zealand Drug Co., 665. DUNEDIN, October 17. Sale.— Huddart-Parker lord.), 12s 6d. Sale reported. —Union Bank, <£l4 19s. WHEAT MARKET QUIET lushalian and N.Z. Untie Association \Received October 17. 10.10 p.m.) LONDON, October 16. The* mark’t tor wheat cargoes is juieter, owing to expected large shinaicnts from Argentina, Rut there is little :bange in prices. Parcels aie steudy. WAIHI SHARES Australian and N.Z. Cable Association f Received October 17, 7.40 p.m.) LONDON, October 16. Wailii shares. —Buyers, 26s 9d; sellers, 27a. RABBITSKIN SALE 'l'he New Zealand Loan and Mercantile Agency Company, Limited, re Dunedin, leport:—At our lest .sale mediumsized catalogr-es were offered to the usual attendance of buyers. Competition was not keen, and prices were easier than th»»© ruling at last sale. Practically all grades of skins showed a decline of from Id to Sd per lb, partly due to the drop in the London market: Runners and suckers, 13d to 16}d; light racks, 24fd to 26d; summers, 24$d to 26d; prime racks, 29d to 3dJJ; earlv* autumn, 32d to 38}d; late autumn, SB£d to 47k1; incoming winter, sf>ld to 52td ; early vinter, 3Ct}d to 5Sd; prime winter bucks, 66$d to 76^d; prime winter does, to 83d; first winter buck*. 55]d to first winter does, CQd to 75d; spotted winters, 35d to 46:{d; | fir-t winter black, 58d to 71RI; second j ■winter black, 41R1 to 52Jd; winter fawn, fidbl to 64d hare skins, 17Jd to 27d; hair, 23U1 to 2-Gd; springs, 24d to 32Jd; outging does, 31$d to 43£d.

ADDINGTON MARKET SMALLER YARDIXGS OF SHEEP. Por Prp=« A--o<:i;ition. ! ('HR ISTCII URC.'II, (October 17. I The A<]<lii>i>tnn market yarilinKs to-day ftere, on the whole, .-mailer than lasi week's, owiii(,> to Hie recent wet weather, with the exception of fat cattle. Store Mieeii.- A .mail yarding, cointvris. ing about two racce. A fair number of ?wc- and laiiib- were forward, and tlio re-t were made up of hoggets. Buyers I were scarce, and nol more than ijnerliird of the offering changed liantLs. j Spring laml«.—One hundred spring! lambs were forward, compared with fit last week, and values were from S4s fid ' to .78'. | I'.if 'keep.—The entry wa, between ! seven and eight race', comparetl with 1(1 j last week, most of the entry being of' medium quality only. Values, owing to I the -mailer yarding, were from Is 6d to 2h 6d per head ahme late rates. Prices per tb were-. Best wether mutton fed to! bid, .-p.-ondary 7}d to T.il. best ewe mol I ton 71 d to td, and secondary 7d to 7id. j ( at fheep.--E.vtra prime wethers made from AOs to 7,15, a f ew special 58s <M, P’imc tr>- 6d to 10s 3d, medium 41s 6d to 4*- 'M. liglit and unfini-hed 3fis to Ids 6d, cvtia prime ewe 4.7 s to 45s Cd. a few s.'.enal :,(!., prime ewes 3?s ?).| to 47s 3d. medium 37s fjd to 37s fid. light 28s to I 32- fid. prime shorn wethers 37s to 43s Md. medium 30s l(ld to 3.« Cd. prime shorn ewe- 3fi s M, tat cattla. —An entry of 43d head, nm-fly from within the province. The ! si!.* up'-ned aitli slackness and sagged about tl„. mi.hilc. hut became brisk toward.- t lie elose. Values were from .£1 to fil i:.s below those of last week. Best : beet sold from 4a- to ffis jier IWlIh, prime fid to ft-, medium 3Hs to 41s, Imhi 3-,- to with rough rattle down ' lo 21-. I at cattle.- Ext i a prime steers realised from L-"l Id- to .£23, prime .£Jfi 15 s to A.m. medium £l3 Id.- to filfi Ids, light ’ .1:- I'M to £l7; evlia [.rime heifer- Jjt.'i 17. fid. prime £ld 10- to .£1.7. ordinary £S to- lo £lO 1,g1,t £5 t,, .(.-s; ext , ;l prime ■ou- 4-r, 7 fid. J,rime ,tt) Ills to .£l2, jniinarv J:fi t.. .43 4-. , Vrnlt’i- flood limners realised _£7 las, |

good vealers «£5 to A:6 ss, medium calves £3 to «£4 10k, smull 15s to «£2. Store cattle.—A large entry, and competition was good for all classes. Four- . year-old steers realised 228 ss, three-year- . old <£6 10s to <£7, two-year-old £!4 IDs to . .£5, yearling steers <£2 to Jk i2 15s, two-year-old heifers JZ2 5s to J£2 15s, yearling ; AT las to JE2, good cows £1 15s to £2 10s, medium .£1 5s to .£1 10s. Dairy cattle.—The entry consisted of 82 head, compared with 100 last week. The sale was a dragging one, and prices were j easier all round. Good springing cows , made £lB os, good springing heifers 10s to £:6 10s, medium cows and heifers to M. Fat pigs.—A small entry met with good demand. Choppers made from ,£4 10s to j£B, light buconers «£4 5s to «£4 15s, heavy £5 to £5 10s, extra heavy £5 18s (average price per lb Bci to 8£d); light porkers £3 to £3 ss, heavy £3 10s to £3 15s (average price per lb 9£d to lOd). Store pigs.—A medium yarding met with a good demand. Small weanera realised from 18s to 255, good 28s to 325, small stores 27s to 335, medium 35s to 40s, large 535, sows in pig £4 to £4 10s. BURNSIDE STOCK SALE I'AT CATTLE IN DEMAND. | Per Press Association. DUNEDIN, October 17. To-day’s sale at Burnside was a good one all round, especially for fat cattle; 257 being yarded, compared 276 last week. The quality varied from fair to good, with a few extra heavy bullocks in evir donee. These latter sold well, but unI finished sorts were keenly sought after. 'The sum of £2o 7s fid was obtained for i one prinje bullock, but this was consider- | ed an extreme price, two butchers cornJ peting. Extra choice bullocks brought i I up to 47s fid per 1001 b, prime handy ! | weights from 42s fid to 455, light, nnd i plain lfis, extra prime heiiers 42s Cd, f prime cows to 37s fid, and aged to inferior I qualit> 32» €d to 355. Extra prime heavy weight bullocks realised from £22 to £25 7s Gd, prime £ls to £l7 10s, medium £l3 j to £l4 15s, light and unfinished sorts I £4 10s to £ll, prime cows and heifers j icalised from £l2 to £l4, medium £9 to I All. light and aged £4 to £5. Sheep—A moderate entry, numbering | 1907, compared with 1633 last week. The entry consisted mostly of wethers, two | pens of the latter being shorn. A good ; tiado demand existed throughout the nnd last week’s prices were realised. Fot prime quality competition became nore spirited jis the sale progressed, ami U.f closing sales showed an advance of about s per head. Extra prime wethe f, s ‘old fiom 7d to 7d<l per lb, prime handyweight wethers 7Jd to Bid, a few pens of extra choice ewes sold at up to fiid, -efond quality ewes fid, ami aged and inferior ewes srl to sjd. All unfinisaed vetlo’rs were keenly competed for by graziers, and brought high juices. Extra nmue heavyweight wethers realised up to fils 9d, prime 52s to sfis. medium 40s t.» tvR f»d, two pens of medium weight sin,rn wethers were passed unsold. Extra prime heavy Weights realised up to 515,! prime 32s to 42s (51. a few shorn ewes 1 ve.e sold up to 32s 9d. j lambs Seventeen spring lambs were j nfretwl, being the large-t number .sent 1 ; forward so far this .-eason. These were

sold under keen competition at nriens ranging from 36s to 50s per head.’ The * animals were of excellent quality. The , prices as on a basis of about la Id per lb Dairy cattle—About fifty head of dairy cattle were offered, nnd prices realised i for these were about on a par with week’s rates. Best cows realised up lo £lO 15s, heafers from £7 10s to £B, and aged cows from £3 to £4. Store cattle—A yarding of 300 head was offered, comprised principally of bullocks. A large number of tiic.se wore tlnec-year-olds and four-yonr-olds, mid vhilo several pens sold up to £-6 7s 7d pc” head a number of pens were passed unsold. The prices offered being below vendor’s re.-ervo. ( ompelitio.;i was slack for sows and young cattle, and only a limited number were .sold, the prices being below late rates. | Fat pigs A medium yarding, all i classes being represented. Competition was fairlv brisk, and the prices obtained were fully on a par with last week’s rates. Prime bnconers realised up to 7]d, and prime poikcro up lo 9d per lb. I -

\*;ir ixutns— 1 li-n iboil Stork t lii3S> 97 0 (i 97 7 0 lnsrnbe.I Stuck (1973, — 102 0 c NS ai' Bonds (1939) 97 0 0 — War libinlv «!i'3o- 97 0 0 — \\ »• ]W(N , i:«Oi 97 0 0 — P.O Inscribed Stock U927i — 93 12 G Debentures — Wellington Gas 10G 5 0 N.Z Breweries 101 0 0 — Utago Harbour Ucind. 4) per cent. < 193-1 1 ... SO 0 0 — Devonport Borough, 3 per coni. (1930) — 105 0 J II aw ke’> Ikiv iannor.' 99 10 0 — Banks — Au.-tralnsie. — 13 7 6 National — :3 0 New Zealand* - 12 0 2 13 0 New Zealand (new L>ue — *2 11 3 Union 14 IS 0 15 0 0 Financial — \\ ii Trust Loan __ b IS 0 Gisborno ... t> u 0 _ Napier ipref.) — 9 17 Wellington <.~10) 13 18 0 14 o 0 Wel’ngton \pret.) — 0 17 3 Insurance - South British *2 1 3 — Meat Preserving— Cat terburv 1 rozen ... 15 0 0 — N.Z. Ket'rigciat.ug (JUj 1 3 u ■— N.Z Kcfrigetating <U- ! si 0 11 9 0 12 3 Gear 2 0 9 2 2 C \v n. Meat .Export (.£3 12s fa'll) — 2 10 0 T iaiisport — Adelaide Steam 4 0 3 — iluddart-Parker (ord.j 2 2 9 2 2 G Union Steam tiref.) ... — 1 0 9 Wool.en — Wellington <ord.j S IS 0 8 19 0 Wellington (pi‘ l ) — 8 iO u T imber— Kauri 1 S 0 1 s c Levtand U'Hrien 1 IS G llotoiti 1 1 U — Tanngamutu 1 12 G — Miscellaneous— CTown Brewey 2 15 6 — Gates, Ltd — 1 0 ) Howard Smith 2 12 0 2 13 6 N.Z. Drug 3 5 3 — N.Z. Paper Mills — 1 4 3 M.arland & Co. (ord.) 1 2 0 - Thailand & Uo. (pret.) 1 2 0 N\ uirarapa Farm era’ tpref.; 0 16 6 — Wiird and Co. — 2 3 0 W elhngton Cordage ... — *1 0 0 V/hitcombe and Tombs t3 11 0 — WiLon’s (. emont 1 8 0 —