COMMERCIAL

Poverty Bay Herald, Volume LXII, Issue 18632, 16 February 1935, Page 8

COMMERCIAL

MATAWHERO STOCK SALE STORE SHEEP VALUES The total entry of store sheep at, the Matawhero stock sale yesterday was Sl4fi, which met a go,oil sale throughout. The range of values was ns follows: Wethers.— His !)t! to I.Bs lid. Lambs. —Extra good, shorn, 16s id; good lines, 14s to 15s.

Five-year-ewes.—Top lines to 17s 2d; good lines 1,4 s to Ills 2d. Ewes.—Six amt- 8-tli, 18s 2d; 4-1 h, to 20s Sd; 2-1 !i, host, lines to 21s lid, medium His to 17s (id; aged, I'nt and forward, to Ills.

GRAIN AND PRODUCE

AUSTRALIAN MARKETS

SYDNEY, Feb. 14. Wheat: New season's on country sidings, bagged 2s 4d a bushed, bulk 2s did, equal to 2s ild to 2s 11 id ex trucks Svdnev. Old grain ex trucks Sydney, 2s ‘hi. Flour, £KI 7s (id ;t ton. Bran, £■! Ids a lon. Pollard, £5 a ton. Potatoes: Tasmanian, £ll to £1" a ton; Victorian, £ll. Onions, Victorian brown £ll a ton, white £lO 10s. Maize, yellow, 2s Id a bushel. ADELAIDE, Fob. 14. Wheat, growers' lots, new season’.--, 2s ini a bushel; old crop, 2s (ild. Flour, bakers’ lots, £lO 12s fid a ton. Bran, £f> a lon. Pollard, £”> 2s (id a ton. Oats, Algerian, Is 1 Oil ,lo Is lid a bushel. Barley, 2s 7d to 2s Sd a bushel. SYDNEY STOCK EXCHANGE GENERAL MARKETS WEAK SYDNEY, Feb. 14. On the Sydney Stock Exchange to-dav the general market, was weak. Bonds i uproved slightly in response to an in* < reused denuuid, hub most industrial issues were marked down by small amounts.

Sales: Commonwealth bonds', 4 per cent., 1938. £lO4 7s 6d; 1941, £lO5 17s 6d: 1944. £lO7 10s; 1947, £IOB 7s 6d; 1950. £lO9 12s 6il. Bank of New South Wales, £3O 10s; Commercial Bank of Sydney, £l6 6s; South British Insurance, 97s 6d ; Associated News, 235; ditto, pref., 23s 3d; Howard Smith, 16s 3d.

Burns Philp, 62s 6d; British Tobacco, 38s 9-d; Tooths, 48s 9d; Australian Glass, 625; Dunlop Perdriau, 18s 10£d; Morris Hcdstrom, 18s 9d; Henry Jones, 37s l£d; Millaquin Sugar, 355; Fairymead Sugar, 375; Farmers, 25 s 9d; David Jones. 40s 6d ; Anthony Hordern, 18s I^l. Standard Cement, 19s 1C id; Australian Iron and Steel, pref., 22s 10-id ; Victoria Nvan/.a Sugar, 6s 7d • Drug Houses of Australia, 24s 10£d; Broken Hill Proprietary. 52s 9d; General Industries, 14s 6d.'

Morning sales included: Commonwealth bonds. 4 per cent., 1958, £lO4 10s; 1941. £10.5 12s 6d; 1944. £lO7 7s 6d; Anthony Hordern, 18s IJd; Associated News, 22s 9d (prof.). 235; Colonial Sugar, £4l 15s ; Goldsbrougli Mort, 28s; Morris Hcdstrom, 18s 9d. .MELBOURNE, Feb. 14.

Sales on the Melbourne Stock Exchange to-day included: Commercial Bank of Australia, 16s lid; E.S. and A. Bank, £5 2s; Australian Glass, 635; Broken Hill Proprietary, 52s 9d; Dunlop Perdriau, 19s; Electrolytic Zinc, 22s 2d.

WAIKATO STOCK MARKET SHEEP 2/- A HEAD DEARER The Waikato has benefited from frequent thunder showers lately, and store sheep values have risen by 2b per head. Breeding ewes are immensely popular and the temporary shortening of supplies appears to have quickened interest. It is not. possible to state that further consignments are to be expected from tlm East Coast, but more will be welcome.

Local fairs have now concluded and only supplementary items and East Coast consignments remain to be dealt with. The prospect of supplies from the north is not bright, conditions iri that region being quite as buoyant as elsewhere. The same may lie said of the south, where values really exceed those in the Waikato.

Store lambs have regained favor and are more highly cherished than over. Supplies of these certainly appear less than last season, although the expectation was in. the opposite- direction.

Wethers, although firmer, have not advanced in the same degree, but lines in forward condition have many fanciers and never fail to attract interest.

Concerning values, it is hardly possible to buy a. five-year ewe. under £l, and many exceed it by a couple of shillings. The indefinite cla'ss, that is, the mixed age, which is a popular classification, invariably excites curiosity, through the uncertainty of its composition, and many good sales have been witnessed. .Soundmouth aucl even aged ewes are also selling freely, many of this class being required for ragwort country. Two-tooth ewes nro cheaper in a comparative sense, hut with the advance in * older sheep these must come more into prominence. Forward lambs have gained Is or so on recent quotations. At the Matamata sale on Wednesday, a. line of 428 East Coast ewes sold at 20s Bd.

Accounts (if the New Zealand Shipping Company, Limited, for the year ended September 30 show a balance of £7379 after providing for depreciation, dividends and contingencies. This compares with £32,304 in the previous year. The sum brought forward was £71,693 and after deducting directors’ fees, £4077, there remains a balance of £74,995 to he carried forward. A full year’s dividend has been paid on the 6 pqu cent preference shares and a dividend of an unstated amount on the ordinary sjibrfesi. Assets stand at £6.829,141, while the fleet is valued at £2,057,158, as against £2,297,076 in the previous year. The ordinary shares are held by the P. and O. Company. P.awang Tin Fields, Limited, Malay States, has declared a dividend of 3d a share sterling, payable, plus exchange, on February 2(1. The rate is unchanged.