COMMERCIAL

Southland Times, Issue 19393, 6 November 1924, Page 2

COMMERCIAL

GORE STOCK MARKET. TUESDAY’S AUCTION. The fortnightly stock sale was held at the Gore Corporation yards on Tuesday in cold, showery weather. There was a fair attendance. SHEEP. Oct. 21. Nov. 4. Fats 144 116 Stores 1405 1240 1549 1356 Fat sheep were not numerous, and the quality was hardly up to that offering at last sale. Price® were firm, and everything was cleared with the exception of a pen of shorn ewes, which were passed in at 22/-. Extra prime wethers, realised 49/- to 52/-, prime to 47/6, medium 39/9, and small unfinished sorts 31/6. Fat ewes to 33/9. A few pens of ewee and lambs were offering and the market was a little easier, sales being recorded at 18/2 to 21/10. A few pens of ewes and lambs were Hoggets sold well, wethera realising to 34/2, while extra good ewe hoggets made 41/6 and 46/-, and fair quality up to 37/8. CATTLE. Oct. 21. Nov. 4. Fats 56 52 Stores 88 120 144 172 With the exception of a few head of very prime bullocks and some fairly wellfinished cows and heifers, the large yarding of fat cattle was composed of medium and inferior sorts. The market was back a bit from last sale, and prices were easier. Prime well-finished bullocks made from £l4 5/to £l7, medium-weights £9 15/- to £ll 5/-, and light and unfinished sorts £3 to £6. A prime well-finished heifer realised £ll 5/-, and small and unfinished sorts to £4. Fairly good fat cows realised £7 10/- to £8 17/6, medium and inferior sorts £3 5/- to £5 12/6, and a vealer changed hands at £3 7/6. There was a large yarding of stores which were hard to sell. A good sort of springing cow realised £6 10/-, aged sorts to £1 5/-, while good looking springing heifers made from £4 5/- to £5 5/-, and medium sorts £2 7/6 to £3 10/-. Yearling cattle realised 12/6 to £1 3/-, two-year-olds £1 15/- to £2 10/-, and three-year-old bullocks £3 12/- to £5 5/-. A bull realised £2 10/-. BURNSIDE STOCK SALES. SHEEP PRICES HIGHER YESTERDAY. DUNEDIN, November 5. Sheep prices rose about 2/- at Burnside sales to-day, so that the rates are very high indeed. The fat cattle sale disclosed a fall in prices, while lambs were up and there was no great change in prices for pigs. Sheep.—An entry of 1381 head, including a number of pens of ewes. The general condition was fair to good and competition was very keen, and prices were firmer by from 2/- to 3/- a head. Extra prime woolly wethers brought to 79/6, prime 60/- to 65/-, good 50/- to 55/-, medium 40/- to 43/-. Extra prime woolly ewes sold at up to 52/-, medium 38/- to 40/-, inferior to 33/-. Extra prime shorn wethers brought to 53/-, prime 40/- to 44/-, inferior 30/- to 33/-. There were no shorn ewes. Lambs.—ln all 56 were offered, of good quality. The market was firm and prices were higher by about 3/-. Extra prime sold up to 45/-, prime 30/- to 33/-. Fat Cattle. —A yarding of 238 head, very few pens of cows and heifers being forward. Prices for heavy cattle depreciated about 20/- and medium 10/- per head, early in the sale. Extra prime bullocks brought up to £l9, prime £l7 to £lB, medium £l2 10/to £l4, inferior £8 10/- to £lO. Prime cows and heifers sold at from £9 10/- to £lO 10/-, extra prime to £l2, medium £7 to £B, inferior £5 10/- to £6 10/-. Prices for extra prime ox beef were on a basis of 45/per lOOlbs, medium quality 42/6, heifers 35/-, cows and light heifers 27/6 to 30/-. Store Cattle.—A yarding of 160 head. Prices were about the same as those ruling last week. Good forward four-year bullocks brought up to £lO. Pigs.—An entry of 125 fate and a fair number of stores. Porkers sold at about the same rates as last week, but baconers appeared to be slightly easier. ADDINGTON MARKET. YESTERDAY’S SALE. (Per United Press Association.) CHRISTCHURCH, November 5. At Addington to-day, the sale was a double one in consequence of no sale being held next week (Carnival Week). The market drew smaller entries than anticipated and the sale was herefore a good one. Store Sheep: There was a medium entry forward, mostly shorn. The demand was keen for wethers, values showing a rise c' 1/- to 1/6 on late rates. Owing to short entry of fat sheep, butchers competed for forward store wethera. Store Sheep: Forward sound-mouth shorn wethera realised 35/9, sound and failing mouth shorn wethers 28/2, small 2 and 4tooth shorn wethers 25/3, shorn wether hoggets 24/2, three-quarterbred woolly wether hoggets 28/3, halfbred woolly wether hoggets 30/8, half bred woolly ewe hoggets 45/-, good aged halfbred ewes and lambs 27/-, aged crossbred ewes and lambs 24/6, and aged three-quarterbred ewes and lambs 22/1. Spring Lambs: The entry was large for this time of the year, totalling 550 head compared with 191 last week. The entry was in excess of requirements and the result was that prices were 2/- to 3/- lower of last weeks. Fat Sheep: Ten races were forward compared with eight and a-half last week. A few lines were from the North Island. The quality was mixed, and not sufficient were forward to meet requirements, therefore a good sale resulted. Prices on an average were from 2/- to 3/- in advance of late rates. Fat Sheep: Woolly wethers realised 66/9, extra prime 56/- to 60/-, medium 50/6 to 55/-, light 44/- to 49/6, prime shorn 33/6 to 48/6, medium shorn 39/- to 43/-, light shorn 32/6 to 38/6; extra prime woolly 63/-, prime 50/- to 56/-, medium 44/- to 49/-, light 37/- to 43/-, extra prime shorn 39/- to 46/-, medium shorn 30/- to 38/-. Fat Cattle: 690 head were penned as against 490 last week. Included in the entry were 250 head from the North Island. The quality was good and prices on the whole were on a par with those of last week. Prices per lOOlbs were: Extra prime medium-weight beef to 50/-, prime mediumweight 44/- to 47/-, prime heavy-weight 41/- to 44/-, medium quality 38/- to 40/6, light 34/- to 37/6, rough and inferior 32/6 down to 22/6. Show bullocks fetched to £26 10/-, extra prime medium-weight £lB 10/- to £2O 15/-, medium £l6 to £lB, light £l2 to £l5 10/-, rough £9 to £11; extra prime heifers £l7 12/6, prime £l3 to £l5, medium £9 10/- to £l2 10/-, light £5 to £9; extra prime cows £l5 7/6, prime £l2 to £l4, ordinary £8 to £ll 10/- old £4 10/- to £7 15/-. Vealera: Good vealera sold well at an advance on late rates. Runners realised to £7 15/-, good vealera £5 5/- to £6 15/-, good calves £3 5/- to £5, small calves 15/to 45/-. Store Cattle: There was a small entry forward, and a fairly good demand was experienced at late rates. Good cows fetched £2 10/- to £3 3/-, medium £1 15/- to £2 5/-, old 15/- to 30/-. Dairy Cattle: There was an entry of 74 head compared with 104 last week. Best 2nd, 3rd, and 4th calvers close to calving realised £6 to £8 10/-, medium sorts £3 to £5 10/, best heifers springing £7 to £lO, medium £4 to £6, and backward calvers and cows in milk £1 10/- to £2 10/-. Fat Pigs: Choppers realised £2 10/- to £7, light baconers £3 15/- to £4 10/-, heavy £4 15/- to £5. The average price per lb

was 7d to 7sd. Light porkers realised £2 7/- to £2 15/-, heavy £3 to £3 12/-. Ike average price per lb was 7jd to BJd. Store Figs: A large entry sold well at late rates. Small weanera sold at 20/- to 26/-, good 28/- to 33/-, small stores 35/to 40/-, medium 42/- to 49/-, and large 56/-. INVERCARGILL STOCK EXCHANGE. YESTERDAY’S TRANSACTIONS. The following quotations were made at the meeting of the Invercargill Stock Exchange held yesterday morning: Bank of Australasia, s £l3 5/-. Bank of New Zealand, b 59/-. Union Bank of Australia, s £l4 8/-; (rights) b 46/-. N.Z. Coal and Oil, s 2/9. National Insurance Co., b 72/6. N.Z. Insurance Co., b 29/6; s 30/6. South British Insurance Co., b 42/ . Perpetual Trustees (Dunedin), b 40/-. Trustees’ Executors (Dunedin), b 55/-. N.Z. Refrigerating Co. (10/- paid), b 11/3; s 11/9. Mosgiel Woollen Mills, s £7. Donaghy’s Rope and Twine Co., b 32/-; s 33/-. N.Z. Paper Mills, s 22/6. Whitcombe and Tombs, Ltd., s 72/-. War Bonds, 1930, b £97 5/-. Inscribed Stock, 1938, s £97 15/-. Inscribed Stock, 1939, s £97 12/6. War Bonds, 1927-41, 5£ per cent., b £9B 5/-. Post Office Bonds, 1927, s £9B 5/-. Soldier Settlement Loan Bonds, 1933, 5 A per cent, s £lOl 10/-. DAIRY PRODUCE. LONDON MARKET VALUES. Messrs A. S. Paterson and Co., Ltd., Dunedin, are in receipt of the following cable from their principals, Messrs J. and J. Lonsdale and Co., Ltd., London, dated 3rd inst.:— Butter:—Slow, 220/- to 222/- per cwt. Cheese: —Quiet, 96/- per cwt. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) DUNEDIN, November 5. Sales on ’Change: Bank of New Zealand 59/6; Kaiapoi Woollen (ord.), 14/9. Sales reported: Kawarau Gold Mining Co. 20/-; Bank of New Zealand 59/7J (two parcels). CHRISTCHURCH, November 5. Sales on ’Change: Union Bank (rights) 47/-, 47/3, 47/- (four parcels), (fractions) 11/- (two parcels.) WELLINGTON, November 5. Sales reported: New Zealand Government Loans, Inscribed Stock (1939) £97 10/-; Union Steam (pref.), £1 0/3; War Bonds (1938), £97 10/-. AUCKLAND, November 5.

Sales on ’Change: War Loan (1930), £97 10/-, (1938) £97 10/-; New Zealand Government Inscribed Stock (1939) £97 10/-; Breweries Debentures 21/7; Bank of New Zealand 59/3, Union Bank (rights) 47/-, Auckland Gas 24/9, Huddart Parker 43/-, Farmers Fertiliser 84/9. WESTPORT COAL CO. DIVIDEND DECLARED. DUNEDIN, November 5. The directors of the Westport Coal Co., Ltd., recommend a dividend of 1/6 per share for the half year ended September 30, 1924, making with the interim dividend, a total of 10 per cent, for the year. NEW ZEALAND PAPER MILLS. DECLARATION OF DIVIDEND. DUNEDIN, November 5. At a meeting of the directors of the New Zealand Paper Mills, Ltd., to-day, it was resolved to pay an interim dividend of 3j per cent. WOOL MARKET. RECORD PRICES AT BRISBANE. BRISBANE, November 3. At the third series of wool sales competition was keen. A further record for greasy wool on the Brisbane market was established, two clips selling at per lb. Prices compared with the last sales were unchanged. COTTON TRADE. REVIVAL IN LANCASHIRE. LONDON, November 4. Further evidence that better times are approaching in Lancashire is shown by the decision of a section of the cotton trade dealing with America to increase the working week from 26£ to 32 hours. They are expected to soon reach 48. In all, 150,000 employees are affected. A year ago 50 to 60 per cent, of Lancashire cotton mills were idle. Now only 15 per cent, are idle.