COMMERCIAL

Poverty Bay Herald, Volume LXIV, Issue 19249, 15 February 1937, Page 2

COMMERCIAL

LONDON MEAT MARKET STEADY LAMB TRADE MUTTON A SHADE EASTER (Per Press Association.) WELLINGTON, this flay. The New Zealand Meat Board reports on the Smithfiehl market? 110(101' date'of February 12 as follows:“Lamb. The tendency of the market is steady with trade good for the time of the year. ‘ ‘Mutton. —Lightweight wethers are firm and heavyweights, a shade easier. Ewes are firm, with prices for heavyweights slightly better. “Beef. —The frozen beef market is firm, with prices unchanged. Chilled beef is a shade weaker owing to heavier supplies. “Pigs.—For New Zealand porker pigs tho market is quiet and unchanged. New Zealand baconcr pigs are unchanged with little business doing.” The following quotations a*e average prices based on actual transactions of wholesale quantities during the week, the figures in parentheses being those of the previous week: — FROZEN MUTTON New Zealand crossbred wethers and maiden ewes.—4Blb. and under, old (.Fid); 491 b. to sGlb., 5 l-8d (5 1-Sd); F7l*b. to 641 b., 4}d (4Jd); Cfdb. to 721 b., 4id (41d). New Zealand ewes—4Blb. and under, 4ld lOUd); 491 b. to 501b.,4d (4d); 571 b, to 641 b., 3 7-8 d (3 7-8<l); Gslb io 721 b., 3 7-Sd (33d). FROZEN LAMB Canterbury and other South Island. —Not quoted. North Island Downs.—36lb. and under, Sd (Sd); 371 b. to 421 b., 7 7-8 d (Sd); 431 b. to 501 b., 7 l-8d (Lid); second qualitv, average about 301 b., Tid (7ld). Other North Island. —3Glb. and under, 73d (73d); 371 b. to 421 b., 7}d (73d); second qualitv, average about 311 b., 71d (7.1 d). Australian. —Victorian, first quality, 291 b. to 361 b., 7d (7d); 371 b. to 421 b.. 6ld (6 5-8 d). Argentine.—36lb. and under, GJd (GJd); 371 b. to 421 b., 6 1-S(1 (Gjd). FROZEN OX BEEF. New Zealand. —Hinds, 4 1 -Sd (4 ,1-Sd); fores, 3d (3d). Australian. —Hinds, 4}(l (4 l-8d); crops, 3d (3 1-8 q). CHILLED ON BEEF. New Zealand and Union of South Africa. —Not quoted. Australian. —Hinds, 51 d (5 3-Sd); crops, 3 3-8 d (3 3-Sd). Southern Rhodesian. —Hinds, 5 l-Sd (sd);-fores, 27-8 d(2 7-Sd). Argentine.—Hinds, .5 7-Sd (Grl);, fores, 31(1 (31 d). Uruguayan. Hinds, 5J,(1 (did); fores, 31d (3dj). Brazilian. —Hinds, 5 3-Bd. FROZEN PORK.

Now Zealand.-—Porkers, 001 b. to SOU).; 7 1-Sd (7 1-Sd); 811 b. to 1001 b., 7l\ (7d); 1011 b. to 1201 b., 6}<l (Old). Baeoners, 1211 b. to 1001 b., Od (Od).

BREEDING EWES EASIER OLDER SHEEP DOWN 5/BRICES AT MORRIXSVILLE Breeding ewes declined sharply in value at the Aloninsville stock sale on Friday. The Farmers’ Auctioneering Company reports that there was an extra heavy entry of all classes of store sheep, in-

eluding breeding ewes from the East Coast. North Auckland and southern districts.’ Competition was not so keen, as last week and prices all along showed a decline. In some cases of older ewes values ieceded by 4i tc> 5s a head. There were several pens or well-grown two-tooth ewea and, although competition in this class was slightly easier than in older sheep, these also showed a decline on last week’s prices. There was a gont yarding of store lambs, which were excellently competed for by dairy lartneis, and vaiues showed little alteration from last sale. Cull ewes were hard to quit. The following prices were realised lor sheep ex Tokomaru Bay and Gisborne : Best two-tooth ewes. 41s to 42s 6d: medium, 58s 7d to 30s 3d ; small, 30s (o 325: late shorn. 34s 6d: four-tooth ewes, 365; mixed age. 35s to oss on: fonr-vear ewes. 29s 9d to 32s 3d; ineyear ewes, 2Ss to 33s 6,1 (best); others. 27s to 28s; six-year owes. 25s to 6(t- other six-year ewes, 23s 6»! 1o oral and North Auckland sheep sold as follows:-Six-tooth ewes, up to 06s; four to five-year ewes. As to 2,9.-. M, •five-year ewes, 24s to 26s 6d: aged ewes. 18s to 20s: cull ewes, 12s to 14s. Dalgetv and Company. Limited, report the following prices lCO four-tooth Romney-cross ewes, 41s 6d; 121 four and five-vear ewes, 38s: 200 four and five-year ewes. 30s; 499 five and six-year. 27s ild; 80 failing-mouth wese, las bn: 238 fat ewes. Iss ; 28 small shorn wether lambs. 10s 9d: pen of two-tooth wethers, 25s 4d.

SHEEP FAIR AT TE PUKE TOKOMARU EWES LATE At the .annual sheep fair at To Puke a good yarding of both ewes and iambs came forward, but owing to tho late running of the boat from Tokomaru Bay 6000 ewes were not delivered in time for this sale; these will be offered at a supplementary sale to be held in Te Puke saleyards ori Thursday, February IS. Eight hundred five to six year ewes, ex Gisborne, realised 28s 9d; sound-mouth local ewes off clean country, 18s to 2Ss Gd, the latter price being paid for a good line of large-framed ewes on account of Mr. 8. W. Mitchell; other local ewes, according to condition and ngc, 12s Gd to 17s Gd.

In sympathy with other districts the store lamb market, was not so brisk as has been the ease in recent sales, but good lines of well-grown sorts realised satisfactory prices. Shorn Romney ewe lambs, 24s 3d; woolly black-face lambs, 12s 3d to ISs; shorn black-face lambs, to 16s 4d; smaller lambs, 8s to 11s Gd; oneshear Southdown rams, guineas to S guineas; four-tooth to fresh, fullmouth Southdown rams, l’roin 2 guineas to 5 guineas.

SHARP ADVANCES AUSTRALIAN SHARE MARKETS SYDNEY, Feb. 12. A feature of to-day's business on the Sydney Stock Exchange was a strong inquiry for and a sharp advance in G. J. Cole’s shares. Mount Lyell and Broken Mill shares were also 'considerably firmer. Tin issues were quiet but steady. Kales: Commercial llanlcing Co. of Sydney, £22 7s ; Union Bank, £lO 15s; United Insurance, £ll 10s Berlei, 40s. British Tobacco, 525; Tooths, 575; Tooheys, 37s 4-Ad ; .Coles, £5 10s ; Winchcombe Carson, 39s 6d; Morris Hedstrom, 30s 3d; Millaquin Sugar, 445. Electrolytic. Zinc, 55s 9<l; ditto, pref., 57s 3d; Anthony Hordern, 21s 1^<1; Lustre, 23s 3d; Australian Guarantee Corporation, pref., 20s 6<l; Permanent Trustee. 20s 3d.

Claude Neon, 52s 6d; Peters, 475; Kandos, 24s 10Ad; Hackshalls, 17s; Gordon and Gotch, 52s 6d; Alegigitts, 33s 6d ; Steelman. 17s 9d: Warburton Franki, 235; Newbold Brick, 37s 6d. Woolworths Limited, ordinary, sale, £8 13s 6d ; Woolworths (New Zealand), buyer £7. seller £7 7s; Selfridges, buyer 40s. seller 41s, sale 41s; Selfridges (New Zealand), seller and sales, 5s 9d. Mount Morgan, 17s ltd; ditto, New’ Zealand delivery, 17s lid; Mount Lyell, 44s 9d ; Zinc Corporation, £7 6s; Kuala Knmpar Tin, 235; Emperor. 20s 8d; I.ndv Shenton, lOd; Taranaki Oil. 2s 7d, Morning sales included: CommonWealth bonds. 4 per cent, 1938, £lOl 10s ; 4 per cent, £1941. £lOl 15s; 4 per cent. 1955. £IOO 17s 6d ; Commercial Bank of Australia, 19s 4Ad: British Tobacco, 525; Burns J’hilp, 77s 6d ; Drug Houses, 27s 3d p Electrolytic Zinc, 55s 3d; C. .1. Coles, £5 ss; Morris Iledslrom, 30s 3d; Standard Cement, 17s’ 9(1; United Pinvisions. 11s.

On the Melbourne Stock Exchange today long-dated bonds were easier. Industrials were steady, with Coles at a new record level on the dividend prospect and rumours of capital benefits. Barriers were strong]. Mount Lyells were firm on expectations of an increased dividend.

Sales: Howard Smith, 23s Id; British Tobacco, 52s 3d ; Carlton Brewery, 65s ; Coles, £5 8h 6(1; Australian Glass, 945; Dunlop Perdriau, 19s 3d; General Motors, 24s 6d. Electrolytic Zinc, 55s 6d ; ditto, pref., 57s Cd ; Younghusbands, 41s 9d ; Mount Morgan, 17s; Mount Lyell, 44s 0d; Broken Hill Proprietary, 81s 9d ; North Brokens, 795; South Brokens, 495; Emperor. 20s 6d ; Lolorna, 24s lid.

TALISMAN DUBEO MINES To provide capital for the erection of treatment plant, the directors of Talisman Dubbo Gold Mines Limited (Karangahake) propose to issue 20,000 shares of 5s each at a pre-

mi tun of: 2s (id, according to a circular issued to shareholders. Kliares are offered in the first instance, to shareholders in the proportion of one share for ovary two held.

The present issued capital of the company is £9588 in 88,25,'? slia••os of 5s each, and with the proposed issue of 20,000 reserved shares tho total subscribed capital will he £14,588.