COMMERCIAL

Poverty Bay Herald, Volume LXIII, Issue 19099, 21 August 1936, Page 2

COMMERCIAL

HASTINGS STOCK SALE Sheep values advance. Store hoggets rose Is per head and heavy fat ewes by 3s per head at the Hastings stock sale on Wednesday. _ The store sheep entry consisted mainly of hoggets, and the rise in values among some pens exceeded Is a head on last week. The entries included a fair percentage of travelled lots and at the prices realised for many of them particularly pood sales were made. Best, ewe hoggets made 30s and wether hoggets to 24s Id. An attractive pen of tat and forward hoggets brought 25s 2d, and others from 19s to 245. Hound-mouth ewes with iambs made 17s 8d all counted. A peri of 230 blackfaced hoggets in good order, lorried from Wairoa, realised 21s 3d; 54 ewe hoggets, in fresh, hardy condition, off Waikamnoana high country, made 25s 8d; HO well grown Romney cross ewo hoggets, lorried from Gisborne, sold well at 20s. In the fat sheep pens,, best ewes reached a new high level of values, making to 32s 4cl. The best wethers, which were not. so heavy as at late sales, made to 30s. Gisborne, bred cattle were in the store sheep pens, and realised £8 10s for 3-yr steers, others going to £8 14s. Cows in calf brought to £7 9s; t wo-year steers to £7 10s; yearling steers to £6; yearling heifers to'£4 11s. The sale was a bright, one. On account of Ml\ R. K. Murphy, Kiwi station, Wairoa, 40 dehorned Hereford cows, having run with Rolled Angus and Hereford bulls from November 20 to February 20, passed at £6 17s; 33 P.A.-Ilereford-cnss cows, having, run with P.A. bulls from November 20 to February 20. brought £7 9s; 21 clean bred Polled Angus cows, well framed and in good store condition, being topped on Kiwi station, brought £7 7s. Bred in the Gisborne district, an entry of 72 3-yr P.A. steers brought £3 10s. These voting cattle were well grown arid in splendid store condition, being disposed of in a line.

MOST ISSUES

AUSTRALIAN SHARE MARKETS

SYDNEY, Aug. 19. Leading industrial shares were quoted firmly on the Stock Exchange to-day. Cement shares weakened on the prospect of the. lifting of the duty on British cement.

Sales: Bank of New South Wales, £35 ICs; Commercial Banking Company ot Sydney, £2O ss: Commercial Bank of Australia. 18s 7|d; Colonial Sugar, £4? sss New Zealand Insurance, 655. Howard Smith, 18s 9d; Burns Philp, 73s 6d; Australian Gas, A, £7 JOs; Tooths, 545; Tooheys, 33s 3d; G. .1. Coles, 85s; Drug Houses, 30s 41,d. Australian Glass, 92s 6d; Goldsljrough Mort, 525; Electrolytic Zinc, 425; Anthony Hordern, 19s l£d; Sargents, 29s 3d; Peters, 46s 9d; Gibsofi and Howes, 32s 6d; W. R. Carpenter, 435. Woohvorths, Limited, buyer £5 15s 6d, seller £5 16s; Woohvorths (New Zealand) buyer £5 7s 6d, seller, £5 9s. Mount Morgan, 14s Id; Sulphide Corporation, 15s 9d. Morning sales included: Commonwealth bonds, 4 per cent., 1938, £lO2 2s 6d; 1947, £lO2 7s 6d; 1950, £IOO J2s 6d,; Cbfrifnefcial Bank' of Australia, 13s 6d; Anthony Hordern, pt'ef., 235 ; Australian Glass,* 92s 3d; British Tobacco, 41S 9d; Broken Hill Proprietary, 75s 6d; ditto., new, 55s 9d; Dunlop-Perdmu Rubber, pref., 54s 6cl; General IndiigtrieS, 19s 6d; Goldsbrough Mort, 32’s; R. Fowler, 14s 9d; Sargents', 29s 7£d.

MELBOURNE, Ang. 10.

On the Melbourne Stock Exchange today short-dated loaiis were firm and long dated steady. Banks were in good do mand. Industrials were firm.

Sales: Commercial Bank of Australia, 18s 8cl; National Bank of Australasia, £lO paid, £l4s 2d; British Tobacco, 41s 6d ; Carlton Brewery, 58s 6d; G. <). Coles, S4s 9d ; Australian Glass, 92s 6d; Dtiiilnp-Perdriau, ißs I0d; ditto, prof., 54s 9d; Electrolytic Zinc, 425; ditto, pref., 445;, Victoria Nyanza, iOs. Mount Morgan, 14s; Mount Lyell, 29s 4^d: Broken Hill Proprietary, 75s 3d; South Broken Hill, £5 i7s; North Broken Hill, £9 3s; Zinc Corporation, 81s 3d; Emperor, 16s 4d; Loldrria, 255. Herald and Times, 69s 6d; Melbourne Electric, 20s Id; Myers, 35s 6d; United Provisions, 13s 9d; Yarrn Falls, 39s 6d; Silverton Trams, 37s 9d. WAIKATO STOCK VALUES STORE CATTLE SOUGHT The advanco in store cattle values continues in the Waikato, and this week at Rangiriri, where, the first- store offering waS submitted, values reached a level that rtnist have astonished the most optimistic. The quality of the entry was from inferior to second-grade, but this did not restrict it. to competition of that character. If good quality cattle when they appear alp to be appraised in a just comparison, sensational happenings will he recorded. There has probably never been in Waikato’s history, certainly not within a generation, such a narrow margin between store cattle and the finished product, and unless some better prospect lies ahead for the output than is at the moment exposed, a lean year for the grazier can he predicted. WIUTm WOOL SALE ±EEN WANGANUI DEMAND There was an offering of 1700 bales.mostly crutciiings, at the mid-Winter wool said held at Warigofiui on Wednesday. The market Was in keeping With that in other selling centres recently, and fall lines Were keenly sought after by a full representation of buyers. Thero was tiot a sufficient quantity of fleece wool to ,test the market, but crutciiings were .fully lid up on the prices rulingat April. Best lines Of crutciiings realised tip to 9|d ; good, BJd to 9J.fl; average, 7Jd to BJd; inferior and seedy, 6<l to 7^d. The United Kingdom, Japan, America and the Continent secured the bulk Of the crutciiings, while local scourers also were in flic market for lots that suited their requirements. Passings were negligible.

BUTTERFAT PAYMENTS

The last of the butterfat. payments under the old order for duly supplies include : —Shannon, 14d; Rongotea, Kairatiga, Awafmri, Cheltenham, Rnngitikei, Farmers’ Dairy Union and Whakarongo, 13d; Now Zealand'Dairy Company, for butter and 14 Jfl for cheese; Sunny Park and Hilmcra, l2ld; Raglan, lo^d.