COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18236, 3 November 1933, Page 4

COMMERCIAL

SYDNEY WOOL SALES HARDENING TENDENCY j (Elec. Tel. Copyright—United press Assn.) SYDNEY, Nov. 2. , At the wool sales, 12,757 bales were offered, of which 12,199 were sold; 2533 bales were disposed of privately, There was very strong general competition, the market closing firm on late rates for all descriptions, with a distinct hardening tendency for all well-grown wools. ' Greasy merino made 26jd for five bales from Barraba. The average price of greasy wool in Sydney for the first three days this week was £lB 5s ad a bale, or 14d per pound. SYDNEY STOCK EXCHANGE MARKET GENERALLY STEADY SYDNEY, Nov. 1. On the Sydney Stock Exchange holders of sound industrial shares are difiicuit to locate, and are maintaining a reserved attitude. The market generally is steady. Sales: Bank of New South Wales, £33 17s ; Commercial Bank of Sydney, £l7 14s; Bank of Adelaide, ex-dividend, £6 3s; Union Bank, £lO 10s; Colonial Sugar, £62; Associated News, 20s 9d*; ditto, pref., 20s 9d ; Australian Provincial j Assurance, 12s 2d; United Insurance, £9 12s 6(1 ; Burns Philp, 555 ; Australian j Gas, A, £7 6s 6d; ’tooths, 43s 6d; Dunlop Perdrial, 18s 9d; ditto, pref., 34s 6d; Goldsbrough Mort, 30s 4i,d; Henry Jones, 355; Anthony Hordern, 13s; Farmers, 16ls 9d; Lustre Hosiery, 17s 9d; Standard Cement, 16s 9d; Meggitts, 21s 9d; Commonwealth Wool, 18s 3d; Elec-| trolytio Zinc, 26s 3d ; Winchcombe Car-1 son, 30s; Bulolo Gold, £5 2s; Buloio Deposits, Is 9jd; Mt. Morgan, 51s; Mt. Lyell, 235; Broken Hill Proprietary, 40s IOJd. Morning sales included: Commonwealth Bonds, 4 per cent., 1938, £lO4 17s 6d; 1953, £lO5 10s; 1955, £lO6 2s 6d ; 1959, £lO5 ss; 1961, £lO5 15s; Commercial Bank of Sydney, £l7 15s; Bank of New South Wales, £33 17s 6d; Australian Gas, ,A, £7 6s 6d; Associated News, 20s 6d; Broken Hill Proprietary, 40s 9d; Dunlop Perdriau, 18s 9d. I MELBOURNE, Nov. 1. Sales: Metropolitan Gas, £l2 16s; Herald and Weekly Times, 475; Dunlop Perdriau, 18s lOd; National Bank, £5 paid, £6 13s 6d; Broken Hill South, 655; North Broken Hill, 87s 6d. HASTINGS STOCK SALE FIRMER SHEEP MARKET Both store and fat sheep were firmer at the Strotford Lodge (Hastings) stock sale on Wednesday. There was an improved demand for fat cattle, but store cattle were easier, with many passings. Tho 'fat steep yarding was only a small one, totalling 500 head, and values advanced by about Is per head. The store sheep yarding totalled 1200, and this market followed ttw trend in the fat section. In tho fat cattle, 200 head were offered at slightly improved values; prime bullock beef was in short supply. The yarding of stores totalled 900, but buyers displayed a decided lack of interest. The range of prices was as under : Cattle.—Fat bullocks, heavy, £6 10s to £7 10s; prime heavy cows, up to £5 12s, heavy, £4 to £4 16s, lighter from £2 17s 6d ; heavy heifers £5 6s, medium £3 10s to £3 17s 6d; forward bullocks, up to £4 18s; 3-year steers, £3 10s to £4 2s; 2-year steers, £2 10s to £3 10s; yearling steers, medium, £1 2s 6d to £2 l 7s 6d; yearling heifers, £1 10s; 2-year heifers, £1 12s to £2 15s. Sheep.—Fat wethers, woolly, 22s to 24s lOd, shorn to 20s 8d; fat ewes, woolly, 17s 6d to 19s 3d, shorn 12s 9d to 16s 6d; fat hoggets, woolly, to 24s 6d; wether hoggets, 15s 3d to 22s 8d; ewe hoggets, 18s to 21s; 2 and 4-th wethers, woolly, up to 23s 4d; ewes and lambs, 9s iOd to 14s 6d, all counted. WAIKATO STOCK MARKETS BUOYANCY MAINTAINED Waikato stock markets remain firm. A fairly good rainfall during the week has removed much of the anxiety created by the recent unseasonable dryness. The stock market, which has maintained its buoyancy, in spite of this climatic handicap, should, under tho more favorable conditions now existing, give littlo cause for uneasiness. The high value of mutton in the Waikato, combined with the improvement in wool and excitement concerning export lambs, has elevated sheep in general to a position that seems hardly justified. South Island values afe almost invariably ahead, but this season tho position is reversed and it is "worth questioning whether tho causes responsible, are not really moro of a temporary than a. permanent character. The cattle .section has lost- none of: its firmness, the various fixtures dealt with during the past week proving more successful than was generally anticipated: It must be admitted that the yardings have not been as heavy as in past seasons, indeed, good lines of steers arc rare and many in quest of;,such have been forced to conduct their search in outside localities. In this section business is restricted in consequence of short supplies. There seems no lack of prospective buyers and many arc in the mood to be generous were it possible to offer them the teip'ptation. Small lots of hoggets and ewris with lambs occasionally come forward, but outstanding lines either do not exist or are not for sale. Prices are as recently quoted. MEAT BUYING AGENCY The attention of stock-owners in tho Poverty Bay and East Coast district is drawn to the fact that Mr. R. C. Fisken, long and favorably known in the meatbuying trade, continues to function as sole agent for Messrs. Sims, Cooper and Company (N.Z.), Limited, tho wellknown meat-exporting firm. Mr. Fisken has long been recognised as a keen judge of stock, and a considerable proportion of the meat exported from Poverty Bay in recent years has passed through his hands. As a representative of a substantial buying firm, he has earned good opinions for his adherence to a policy which gives the stock-breeder the full market value of his work, and he is assured of continued support through the current season, which promises to be one of great importance and interest to those with stock to dispose of.