COMMERCIAL

Poverty Bay Herald, Volume LXII, Issue 18622, 5 February 1935, Page 2

COMMERCIAL

.MATAWHERO EWE FAIR

THE RANGE OF PRICES The varding at the Matawhero Ewe Fair yesterday was 17,325, or about 4000 less than the advertised number. Values ranged as under : Two-tooths.—On account of Mr. W. Turnbull. Ngatapa. 24s 6d ; on account of Mr E. R. Black. Pakowhai, 23s od; good. 13s 7cl to 21s od ; medium, 15s upwards. Four-tooths.—Top lines. 20s to 21s 8d; good, 17s od to 18s 9d; medium, 14s upwards. Six-tooths.—Fairly good, 16s 6d. Fight-tooths.—Medium. 13s 6d. Five-year.—On account, of Arowhana station," 16s 8d: on account of Mr. F. Shanks, 16s 2d ; on account of -Messrs. Witters Bros., 16s Id; on account ot Mr. A. 11. Watson, lbs: on account ot I'anikiiu station. 1.65: good line?, 15s up. wauls. Six-year.—On account of Mr. K. B. Black." Pakowhai. 17s Id : ditto. 16s 4(1; on account, of Mr. 11, K. Shanks. 14s 8d; on account of I'anikau. 14s 7fl; fairlv good. Lis up. Five and six year. -On account ol Mr. E. R. Black,'Arakihi, 16s. Aged.—Low mouths, fairly good condition. 8s- fair mouths, light condition. 7s 10d. Mixed ages.—Four, 6 and 8-tootn: On account of Arakihi. 18s Od ; good store condition. 15s 3d to 16s 6d. Six and eight tooths.—On account of I'anikau 18s 9d. Cp to 4-year.—On account of Mr. F. Shanks. 18s 7d. I p to 5-year.—On account of Mr. 11. RShanks. 15s 4(1

LAMB AT SMITHFIELD

N.Z. PARITY VALUES In regard to the published prices realised for New Zealand lamb delivered to Smithfield market,, the New Zealand Meat Producers' Board supplies a table giving the equivalent New Zealand parity, after deducting all costs, including selling commission. The costing is based on "to-day's estimated skin values and includes exchange at current rates. The calculation is on the basisi of n prime woolly lamb weighing, say, 341 b delivered at freezing works, and is as follows:

If price delivered N.Z. -'overall" parity to Smithfield is delivered at works (d. per lb.) (d. per lb.) 7? 7.74 7g 7.59 TA 7.44

Ju the above estimate the cost of killing, freezing and placing on board steamer is based on a. chargo of .575(1 per lb. The Meat Board reviews the market last week as under :

"Lamb.—lncreased landings have slightly eased prices. "Mutton.—For wethers trade is slow. Ewes arc slightly easier. "Beef.—The market is steady, with a fair demand.

"New Zealand porker pigs.—Trade is slow, and with heavy stocks prices are easier.

"New Zealand baconer pigs,—Tho market is steady and unchanged."

BUTTER STILL RISING NOW UP TO 91/- CWT HOPE OF HIGHER PRICKS Quotations for New Zealand butler, in London continue to rise, and to-days advice gives choicest salted at 94s per cwt., an increase of 4s per ewt. .since the closo of last week, and a rise of 2s on. the price mentioned in yesterday's cable news.

At 94s in London, the f.o.b. price in New Zealand is equivalent to approximately lid per lb. Forward sales were made at per lb., f.0.b., on Friday, but since then factories have withheld business at that figure in the bope of a Further rise in market values. The advance came .suddenly, and dairy companies are now waiting on higher offers.

Sales of New Zealand butter last week increased by nearly 400 tons on the previous week, and totalled 2717 tons, constituting the largest weekly delivery for a long time. For the corresponding week last year, only 1787 tons were delivered. Stocks of New Zealand butter increased by 712 tons to 5644 tons, compared with 3750 lons a year ago. Australian deliveries totalled 2750" tons for the week, leaving 2534 tons in store, compared with 3700 tons delivered during the corresponding week last year and 6400 tons in store.

The Dairy Board received advice on Saturday to the. effect that the market was firm. The. retail price for New Zealand had been increased to lid jer lb., but Danish- remained unaltered at is 2d. Quotations were as follow.— New Zealand, salted 87s to 90s. unsalted S2s to 945; Australian, salted 87s to 88s, unsalted 90s to 91s: South African, salted 34s to 85s; Danish. 93s f.o.b . 118 s spot; Dutch unsalted 107 s to Flls! The market I'oi Danish and Dutch vv.s reported to be quiet. Messrs. Joseph Nathan and Company report to-day as follow :—"Butter, 94s'; the market is firm. Oliee.se, white 47s (id. colored 475; the market, is jquiet."

QUARTERLY DIVIDEND

BANK OF NEW SOUTH WALES The Bank of New .South Wales has declared an interim quarterly dividend for the quarter ended December 31, 1934, at the, rate of 5s per share in Australian currency ai date of payment. The. dividend will he payable "at head office on February 27, and at branches on receipt of advice. Transfer close ,on Febrnarv 11,

FAT STOCK SCHEDULE GISBORNE UNCERTAINTY No change has taken place yet regarding the fat stock schedules of buying firms in Gisborne, but some uncertainty appears to exist regarding the immediate future. Lambs are still quoted on a basis of 7]d, but some quarters expect an increase: Wethers remain at oidl and owes at o\d, but there is an easing tendency in the latter. Beef is still 20s per 1001 b.. but here again there are hopes of an adjustment for the bolter. The matter is further complicated by tin., fact that, although the schedules mentioned above are on hooks values, much buying is being done on (he hoof. Fig buying rates have increased; porkers by !d and baconers by jbl. Porkers up to 801 b. are now being bought at r»i<l, with 811 b. to ,1201 b. at sd, the rise being a substantial one on pigs between 101 lb. and L201b., which are now quoted' at the same rate as B.llb'. to 1001 b. Baconers are being bought on a basis of s§d.

BRITISH STOCK MARKETS (British Official Wireless.) RUGBY, Feb. 1. Tin! stock markets showed a more vconfident tone this morning. British stocks were, firm, with War Loan per cent. quoted at £IOB 17s 6d. German Dawes and Young loans were better. Commodities are steadier. BRITISH TREASURY BILLS , (British Official Wireless.) RUGBY, Feb. 1. The amount applied for in tenders for £25,000.000 of Treasury bills was .C35.130.CC0. The amount allotted in bills at three months was £23,930,000. The average rate per cent, was 4s 2.13 d. as compared with 3s 10.9U1 last week. SYDNEY STOCK EXCHANGE SYDNEY, Feb. 2. Sales on the Sydney Stock. Exchange to-day included: Commonwealth bonds, 4 per cent.. 1938. £lO4 ss; 1947, £lO9 15s; 1950. £lll 10s; British Tobacco, 39s 4£d; Broken Hill Proprietary, b3s • Dunlop Perdrian, pref., 38s 9d; Cloldshrough Mori, 30s; Howard Smith. 16s 10id. GOLD MINING EETURNS • The VVaitahu return for seven days was 470 z. lOdwt. The Goldfields Dredging Company reports a return for the week ended February 1 of 17oz. 3dwt. for 110 hours' dredging. Two shifts were lost at the beginning of tho week due to the river being high. King Solomon reports a wash-np of ( 94 ounces 14 dwts. The Baddy's Point Company reports a return of 34bz. for the six weeks ended January 31, The Brian Boru dredge return for the week ending February 2 was 20oz. IGdwt. for 1(18 hours ' from 11,080 yards'. The dredge is now in the vicinity of No. 7 bore. LONDON OPOSSUM SKIN SALE Messrs. Dalgety and Company have received the following advice from London:—"At the London opossum skin sale there was a good demand for greys, which showed an advance of 5 per cent, Darks were practically unsaleable."'