COMMERCIAL

Poverty Bay Herald, Volume LV, Issue 17227, 5 April 1930, Page 18

COMMERCIAL

MATAWHEKO STOCK SALE A SMALL YARDING The yarding of sheep at the Matawliei'n stock sale yesterday was the smallest, for some weeks. The entry of store sheep was 7963. After several small pens of poor quality had been cleared at easier prices, an improvement set in and bidding was brisk. For good ewes and lambs values were up to late rates, with wethers and plain ewes easier. '.Practically all pens pf ewes were oJfored as having been running with rains. Kwes: The. highest price was 18s lor a good framed and conditioned pen from 4-looth upwards. Four, six ©and eight, tooths made up to 17s 9d. Five-year ewes, with size and condition, made 16s 3d and 16s 4d. Best sound mouth realised 13s Id to 15s 9d. Good mouth ewes in moderate condition passed at 10s 6d, and forward empty old ewes sold at 10s. Two-tooth ewes made 15s 5d to 17s lOd. Lambs : A pen of shorn wethers with great size and in good order made 14s. (lood shorn made 13s Id to 13s 6d, and active good conditioned woolly lambs, fairlv good in size, were passed in at 12s 9d.' Wethers: Those, with good size and condition made to 2Cs 3d; good pens of two-tooths made 19s and 18s 6(1; fair size, good order, 16s 10(1 ; small twotooths, in gcod store condition, 14s Id. DAIRY PRODUCE PRICES (Kl.m;. Tot. Copyright— United Press Asf-n.) LONDON", April 4. Butter: The market is stagnant. Danish 140 s per cwt. ; choicest, salted New Zealand 126 s t,o 128 s, exceptionally 130 s; Australian 124 s to 1265; unsalted New Zealand 140 s to 1435; Australian 126 s to 128 s. Cheese : The market is slow. New Zealand white 765; colored 78s. N.Z, BREWERIES' STOCK Referring to quotations of New Zealand Breweries, Ltd., on the Stock Exchanges of the Dominion, the chairman of the Auckland Stock Exchange made the suggestion, which the president of the New Zealand Stockbrokers' Association has approved, that as holders Hi' New Zealand Brewery shares from the debenture conversion aire not entitled to the dividend on April 14, there will, therefore, be two classes of shares until that date. "I suggest that the practice of all New Zealand brokers be to quote ex dividend on April 1 ,to save confusion." On this basis, buyers offered £2 Us lid and the lowest sellers were £2 Itis. The position as prom April 1 is that former holders of New Zealand Brewery debentures, having given due notice of their intention to accept the company's .offer made last duly, are now registered as shareholders, bur do not participate in the interim dividend due on April 14. Holders of ordinary shares up to .March ;i I have additional bonus shares allotted to thein in the proportion of one new share for every two formerly held. The new shares are based on the buying price. of £2 I.ls, and on the latest dividends of 1.7 s per cent, per annum show a return on outlay of i.'.l lis Id per cent, per annum. Auckland maize: All distributors are now weirViocked from last week's importation of South African maize, which arrived in good condition, reports the Herald. Stocks in the Bay of Plenty arc now exhausted and merchants are not drawing any more from (lisborne. as they can sell the South Africans at 6s 9d ex. store. The April direct steamer from Calcutta is lifting a parcel of .lava maize on the way and this may be here by Hie end of the month. As this is a very small grain, and can sell at the sumo p.j e as South African, it is already being hooked to arrive. Messrs. M. A. Kliott. Ltd., have received advice of the following Srnithlicld prices fur the week ended April 4: "Best. North Island prime lambs, l T ;36lbs Sjd, 36/421bs B|d, 42/50ibs 7Jd; ordinary North Island lambs, L T /4211is second quality, U;42lbs Bi.d ; best North island wethers and/or maiden ewes, 48/561bs, 56/64]bs 6d, 64/7211»5, ()/721bs ordinary North island wethers and/or maiden ewes. 48/561bs. 56.641bs 5Jd. 64/721bs, 0/721bs sid; North' Island ewes, U/641bs 4-Jd, 64/721bs, 0/721bs 4-|d ; New Zealand prima ox beef (equal fores and hinds), 160/2201bs s|d. Remarks: Prime lamb, .Id to I<l lower; second lamb, no change ; wethers, fd lower; ewes, jfd lower: beef, lower." Murray, Roberts and Co. tire in receipt of the following advice from I,ondon: —'' Crossbred greasy advanced .1 per cent.; for all other descriptions 'of wool the market shows a harlening tendency."