COMMERCIAL

Poverty Bay Herald, Volume LXIII, Issue 19106, 29 August 1936, Page 8

COMMERCIAL

GENERAL COMPETITION WOOL ODDMENTS SALT, JAPAN PUYS KEENLY (Per Press Association.) DUNEDIN, lasi night. A sale of erntchings and oddments was held to-day, when 2.°.lft hales were offered. There was a very large attendance of buyers and competition was general. There was a good demand from Continental buyers for pieces, and very keen competition from Japan for the fleece wool offered, which sold at, prices which generally showed a marked advance on the passed-in rates last April. Superior erntchings, both in halfbreds and crossbreds, sold fully up to recent northern sales, tip to lOfd being 'paid for half bred erntchings and lOd for crossbreds. The bulk of the best erntchings sold from Pd to 9ld, which shows a substantial .appreciation on last season's realisations. Secondary and inferior sorts did not sell up to expectations and fine crossbred erntchings also appeared 1o be more or less neglected, and there were some passings in these grades. The sale generally must be considered a very satisfactory one. and a good clearance was effected. RANGE OF PRICES The following is the range of prices: Merino erntchings.—To IOJd. llalfbred erntchings.—Super, Aid to 10r?<]; medium to good, Sid to DJd; seedy and inferior, GJd to 7Jd. Crossbred <?rnt citings.—Snper, 9d to 10d; medium to good, 7-Jd to Srjd; seedy and inferior, GJd to 7 Id. Fine crossbred erntchings.—Super, Sd to Pd; medium to good, 7d to 7£d; seedy and inferior, Gd to GJd. Fine halfbred fleece.-—Average fo good, 13Jd to 10.Jd; average to good, 113 d to 13Jd; seedy and inferior, ,10d to bid. Crossbred fleece.—Average to good, Sd to 9.1 d. FREEZING INDUSTRY AUCKLAND FARMERS’ CO. Net.f profits earned by the Auckland Farmers’ Freezing Company, Limited, during ihe year ended June JO, increased by .GG-IG-S to £25,700, and were the highest for several years. A dividend of G per cent, unchanged, requires £14,035, and £12,000, against £IO,OOO, is transferred to general reserve. The balance forward is £4.171, compared with £2710 brought in.

The directors state that the year was a successful one financially, and on account of produce handled. The year’s killings of lambs, pigs and. bobbv calves constituted a record in each class of stock, and cattle killings were greater than for many years. Sheep were killed in fewer numbers than usual. Butter received for freezing- also eclipsed the quantity handled in any previous season, but cheese receipts were smaller than tor some years. Although not up to Hie highest year’s receipts, fruit, figures showed an excess over those el the previous year. A new beef slaughterhouse was erected at Southdown early in the year, and a new mutton slaughterhouse was nearing completion at the same works. Various other improvements to buildings and plant had been effected at all four works.

G. J. COLES EASIER

AUSTRALIAN SHARE MARKETS

SYDNEY, Aug. 27. Industrial shares as a whole presented an improved, front to-day. lh*w was heavy selling , of prominent gold shares at depressed prices. Mount Morgan being marked down appreciably. Government stocks \Vore stonily aiul with bonks ' 1 Sales : Colonial Sugar, £43 5s • New Zealand Insurance, 63s 6d; Howard Smith, 18s Qd: British Tobacco., 41s 3d; Tooths, 54s Gd; Tooheys, 32s 3d; Australian Glass, 925; ■ Goldsbrough Mod.. 32s 6d ; Wilcox MoflTin, 12s sd. Henry, Jones, 445; Electrolytic Zmo, 41s Gd; General Industries, 19s 3(1; Sargenls. 29s 3d ; Haekshalls, 15s 3d ; W. It. Carpenter, 435: Gordon and. Goteh, oOs: Victoria Nyanza, 11s; Meggitts, 275. Woolworths. ordinary, seller at £5 11s. Mount Morgan, 12s 4d; Broken lhll Proprietary, 75s 6d; new, 55s 9d ; ltawang, 9s ; Lardt, 11s; Emperor, 16s 7W: Koroere, 4s 6d Morning sales ineludcil : Commonwealth bonds, 4 per cent, 1944, £lO2 17s 6d ; 1957, £lOl 7s 6d ; 1959, £lOl 15s; Hordern, 18s 10.U1; ditto, nvef., 2os ltd; Associated News, prof., 23s Gd; Anthony Anstralina Glass, 925; Goldsbrough Mort, 32s Gd; Sargents, 29s 9d. ' MELBOURNE, Aug. 27.

A good demand existed for bonds, with industrials steady. G. J. Coles were easier following the announcement ot a new issue of one for five for cash. Goldmining shares were easier. Sales: National Bank. £5 paid. £7 5.? Gd : National Bank. £lO paid. £l4 12s ; Howard Smith. 13s 10d: Carlton Brewery. 595: 0. -V. Coles, 80s to 81s 9d; Drag Houses, 30s Oil; Goklsbrongh Mort. 32s 4.1 d : Henry Jones, 43s .9(1; Electrolytic Ziiie. prof.. 43s 9d. ‘ Mount Morgan, 12s 6d; Mount. Lvell. og s 3,]. Broken Hill Proprietary, 75s Gd; North Broken*. £9 13s 6d: South Broken*. £5 17s Gd : Emperor. 16* lid; Lnlonia. 25s Gd: Herald and Weekly Times. GSs 3d: Myers. 35s D-d: United Provisions. 13s Gd : Varya Fa115,.39s 3d; Silvei ton Trams, 335.

EGGS REDUCED AGAIN

1/- A DOZEN ON MONDAY

The price of eggs in Gisborne will ho reduced again on Monday to Is a dozen retail. This figure was reached about a fortnight ago, but the demand exceeded the supply, with the result, that the price was raised 1 to Is 3d. Supplies are more plentiful now, with the result, that a return to Is a dozen has been decided upon from Monday. Poultry farmers will receive lOd a dozen.

MATAWHERO PIG MARKET WEANERS ADVANCE Prices, for weanevs in the pig section of the Alatawhero stock sale yesterday! showed an advance on the values of the previous Friday’s sale. Other sorts sold at prices much on a par with the rates ruling last week. The following list, of prices gives a. fair indication of tlie position of the market: Four good slips, 16s to 18s; j 3 good porkers, 365; 2 big slips, poor,' 17s; 5 fair White slips, 20s 6d; 4 ditto, a little smaller, 18s: 9 good White weaners, 2 at 16s, 7 at 15s 6d; 2 of the same line, smaller, 13s; 2 good Berkshire slips, 18s: 2 ditto., smaller, 15s; 2 Berkshire slips, 16s; 2 Tamworlh cross small slips, Ids; 1 young boar, Berkshire, £1 6s; 1 sow in’pig, £2 ss; 2 extra good While weaners, 13s 6d ; 2 good Berkshire slips, 23s 6d ; 9 ditto, smaller. 2 at 30s, 3 at 19s 6d, and 4 at 18s; 7 good Tamworlh cross weaners, 18s 6d ; 2 out- of last lot, smaller, 12s 6d; 1 small weaner. 11s; 1 good baconer. £2 ss. WAIKATO STOCK VALUES STORE CATTLE SCARCE It is almost impossible to obtain quotations in the Waikato for any store cattle drawn from that district. The great question to be decided, reports a correspondent, is whether or ■ not there is a shortage of eat lie, and 1 this will determine values more than any other factor. One thing is certain, farmers, especially fat lamb 1 growers, are giving more attention to j breeding, so as to be independent of j markets and llieir fluctuations, and even this year the effect may be noticed in their operations. At the! same time, there seems no reason to doubt that the demand throughout the season will be other than lively. j Even weaner Jersey heifers are par- j Ocularly scarce, while already a mini -; ber of graziers have turned their attention to the buying of young empty Jersey heifers to keep pastures in order. It is not anticipated that many yavdings of store cattle from the East Coast will lie brought over this year, but Ihosc cattle which do find their way to the market no doubt will receive a. good reception. Grown steers in forward condition make from £l.O to £lO 10s; three-year-old steers, j £8 to £9; two-year steers, £7 to £7 10s; with yearling steers from £5 10s to £0; forward empty cows, £-1 15s to £5; 10s; voting empty store cows, £0 10s to £4; yearling Jersey heifers, £.*» 10s to £4 10s; smaller, £2 10s to £O. Store sheep. —Entries have been particularly small, but there is an inquiry for breeding ewes as soon as they can be safely marketed. Store wether hoggets make from 24s to 24s Gel; b.f. hoggets, 21s to 225; cull hoggets, 18s to 20s. AUSTRALIAN PRODUCE MARKETS SYDNEY, Aug. 27. Wheat at country sidings is quoted at 4s a bushel, which is equal to about 4s 6,i d ox trucks, Sydney. Flour, £l2 a ton. Bran, £6. Pollard, £6 ss. Potatoes, Tasmanian, £lO 10s; others lo £3. Onions, Victorian, brown, £l7. .Maize, yellow. 4s 9d a bushel. ADELAIDE, Aug. 27. Wheat, growers’ lots, 4s 4d.', a. bushel. Flour, bakers lots, £ll 15s a ton. Bran ami pollard, £6 ss, Oats, Algerian, 2s 3d a bushel. Barley, 2s 4d. COMPANIES REGISTERED The following new companies have been registered: Jack Hughes Service Station, Limited, registered as a private company August 13. Office: Corner Fitzherbert street and Ormond road, Gisborne. Capital: £2OOO into £1 shares. Subscribers: J. King SCO, R. N. King 1500. Objects: Take over business known as Jack Hughes Service Station and sell benzine, tyres, etc., and repair tyres, batteries, motor cars ancl incidental. Gisborne Trading Company, Limited, registered as a private company August 18. Office: 61 Lowe street, Gisborne. Capital: £6OO into £1 shares. Subscribers : E. F. Carroll 595, E. F. James 5. Objects: Manufacturer’s agent, commission agents, general agents, etc., also wholesale and retail merchants, and loan ancl finance company.