COMMERCIAL

Poverty Bay Herald, Volume LXIII, Issue 19129, 25 September 1936, Page 10

COMMERCIAL

ABERDEEN ANGUS BULLS NORTH AMERICAN ANIMALS 10 AVERAGE 385GNS. (Per Pi'oss Association.) AUCKLAND, Inst night. GrooiiKnl and curled like toy dogs, 10 North American pedigree Aberdeen Angus bulls were sold at auction on account, of Waylaml Hopley Farms (Incorporated), Atlantic highway. lowa, United States, the average price of 335gns being realised for the line. The top price of 675gns was j>aiil by Mr. A. goodwill, Taiunarunni, for an exceptionally thick and low-set animal. Pudding was keen 'throughout-. TIN PRODUCTION QUOTA TO REMAIN LONDON. Sept. 24. The International Tin Committee has decided that the production quoin for thp final quarter shall remain at 90 per cent. Renewal of the control agreement, which expires at the end of the year, lias been discussed, hut no decision lias been reached. Negotiations are continuing. HIGHER PRICES AUSTRALIAN SHARE MARKET SYDNEY, Sept. 23. I On the Sydney Stock Exchange today a strong tone, particularly among industrials, was reflected in high prices for investments. Sales: Bank of New South Wales, £.‘l2 7s (id; Queensland National Bank, £5 2s 6d; Mercantile Mutual Insurance, 32s (id; Associated News, 23s 3d; Automatic Totes, 20,s 3d. llnddart; Parker, 365; British 'Tobacco, 41s; Tooths, Mis !)d; Toolicys, 32s 9d; Amalgamated Wireless, contributing, New Zealand delivery, 425; Sargents, 28s 9d; Mauri Brothers, (ids; Millaquin Sugar, 42s (id. Electrolytic. Zinc, 44s 3d; David Jones, 44s (id; Standard Cement, 15s 9d; Cash Orders, 23s 9d; Victoria Nvanza, 335; Warburton Franki, I’ls 3d. Mount Morgan, 33s 2d; Mount Lyell, 29s 301 d; Zinc Corporation, 82s; Placer Development, 955; Emperor, 355; Lolonia, 22s 10Id; Lady Slienton, 2s (id; Mandated Alluvials, 27s 9d. Morning sales included: Commonwealth bonds, 3 3-8 per cent, 3949, £95 ss; 33 per cent, 1943, £9B ss; 4 per cent, 3944, £lO2 37s (id; 4 per cent, 1947, £101; 4 per cent, 3950, <£lol 13s 9d; 4 per cent, 3953, £lOl 11s 3d; 4 per cent, .1955, £lO.l 12s (id; 4 per cent, 1057, £lO2 2s (id; 4 per cent, 1961, £IOO 15s; Anthony Hordern, 18s 104 c l; ditto, prof., 23s 3d; British Tobacco, 445; Broken Hill Proprietary, 70s (id; Burns Pliilp, 72s 3d; DunlopPcrdriau Rubber, 18s 71 (1; Electrolytic Zinc, 44s 9d; ditto, prof., 40s; James Steelman, 17s; Peters Ice, 41s (3d.

(MELBOURNE, Sept. 23

On the Melbourne Stock Exchange to-dav the markets were generally steady, hut gold-mining shares were on the weak side.

Fifilos: National Hank of Australasia, £5 paid, £7 2s; British Tobacco, 43s Del; Carlton Brewery, fifls 9d; G. .1. Coles, 83s 3d; Australian Iron and Steel, prei'., 2(is (id; Goldsbrough Mort, 34s 3d. Electrolytie Zinc, 44s 3d; ditto, prof. 45s fid; i\fount Morgan, 13s Id; Mount T veil, 29s <>d; Broken Hill Proprietary, 7(is fid; North Broken Hill. £9 455; Emperor, I|s 9d; Lolomn, 22s 9d; Upper Wat lit, 2s Id. Myers, 80s; Yarra.Falls, 49s fid; I row at, 2s OJd; General Motors. 245; Gordon and Gotoh, 525; United Provisions, lls Id. SYDNEY WOOL SALES MARKET .CLOSES FIRM SYDNEY, Sept. 24. At the wool sales 12,196 bales were offered and 10,191 sold; also 582 privately. The market closed firm. Competition was principally from Yorkshire and the Continent. Greasy mermo made to 31^d. INCREASED PROFITS FARMERS’ AUCTIONEERING The animal report of the l* tinners Co-operative Auctioneering Company, Limited, for the year ended July ol shows a net profit of £42,526, compared with £33,385 last. year. With £447 broughi forward, £42.975 is available for distribution. Preference dividends of 6 per cent, less the statutory reduction, require £12,661, leaving £30,312. It is proposed to pay a dividend ol per cent on the ordinary shares, against 4 per cent last year. This absorbs £IO,AH leaving a carry forward of £20.108, subject to income and land tax. ' Messrs. H. ft. Gilt and A. E, Manning arc the retiring directors, and as no other nominations have been received, an election will not be necessary.

HASTINGS STOCK SALE

VALUES REMAIN STEADY

Values in all sections at the Hastings stock sale on Wednesday remained steady at last week’s values with a good inquiry generally. . Store sheep came forward m sligntiy larger numbers than usual, with values fully (Inn. The offering consisted largely of farmers’ lots, being mainly wether boggets and ewes with lambs at foot. The wether hoggets included several wellgrown lots which met with a keen inquiry. The host lots shorn as lambs brought 26s lOd and unshorn 27s 9d. A line line of ewe hoggets brought 33s 3d. The best ewes and lambs made 18s all counted. A lino of 89 woolly wether hoggets from the. Wairoa district brought 23s 3d. The line was showing an English Leicester strain and was in good order. Fat sheep were in Shorter supply, with values showing litlc change irom last week. Best, heavy prime ewes sold to 325; medium, 26s to 28s; inferior, 18s to 21s. There were/ few shorn entries, which made prices on. a par with woolled sheep. Few sprinn lambs offered, the best single making 41s and the. average 35s 6d. Store cattle again met a buoyant, market with pvicesi fullv on a par with late sales, extra, good well-grown steers showing a. tendency to improve. The largo yarding of 1250 head contained several well-bred station lines of steers in which

sorts suitable for chilling were keenly sought- after. A particularly fine line of three-year-old steers offered on account of Mr. B. L, Chambers, Eatufu station, met the market at £9 7s. The yearlings generally were small grown and failed to reach late levelsGISBORNE FAT COWS £ll/10/- AT WESTFIELD Fat- cows from Gisborne again brought among fhe best prices at llio Westfield stock sale on Wednesday. A line of 32 sold up io £ll 10s. with another lot up to £ll 2s 6d. The top price for cows at the sale was £l3, with bullocks going to £l6 7s 6d.