COMMERCIAL

Southland Times, Issue 19898, 17 June 1926, Page 2

COMMERCIAL

INVERCARGILL STOCK EXCHANGE. YESTERDAY’S TRANSACTIONS. Sales reported:— Union Bank of Australia, £l5 5/-. Southland Frozen Meat Co., Ltd., (£1 ord.) 33/3; (10/- paid), 16/7s; (£1 pref.) 33/3. Quotations: — Bank of Australasia, b £l4 3/-. Commercial Bank, b 30/-. English, Scottish and Australian Bank, b £7 19/-. National Bank of New Zealand, b £6 18/6. Bank of New South Wales, b £44 15/-. Bank of New Zealand, b 63/-. Union Bank, b £l5 /-3. New Zealand Coal and Oil Co., b 1/-; s 2/-. Westport Coal Co., s 37/-. Westport-Stockton Coal Co., 8 per cent., non. cum., pref., b 2/9; s 3/6. National Insurance Co., b 78/6, s 80/-. New Zealand Insurance Co., b 39/9; s 40/9. South British Insurance Co., s 62/-. Standard Insurance Co., b 57/6, Dalgety and Co., Ltd., b £l6. Goldsbrough Mort and Co., s 50/-. New Zealand Loan and Mercantile Agency Co., Ltd., b £96 10/-. Perpetual Trustees (Dunedin), b 52/-. New Zealand Refrigerating Co. (20/-), b 17/3; s 18/-; (10/- paid), b 8/1; s 8/4. Southland Frozen Meat Co. (£1 ord.), b 33/-; (10/- paid), b 16/6; (£1 pref.), b 33/-. Kawarau Gold Mining Co., b 7/6; s 7/8. Kaiapoi Woollen Mills (ord.), b 13/6; (pref.), b 13/9. Mosgiel Woollen Mills, s £6. D.I.C. (pref.), b 20/3. Dominion Rubber Co., b 50/-; s 51/-. Donaghy’s Rope and Twine Co., b 31/6. Dunedin Stock Exchange Proprietary, b 75/-. Greater Lyceum, b 2/6. McLeod Bros.’ Soap, b £24. Milburn Lime and Cement Works, b 31/6. New Zealand Drug Co., b 69/-; s 72/-. New Zealand Express Co., b 21/3; (pref.) b 17/6. New Zealand Hardware Co. (ord.), b 10/9; s 12/-. New Zealand Milk Products, b 31/-. New Zealand Paper Mills, s 21/-. Wilson’s (N.Z.) Cement Co., b 34/3; s 35/-. Inscribed Stock (1938), b £96 12/6. War Bonds (1938), b £96 12/6. Inscribed Stock (1939), b £96 12/6. War Bonds (1939), b £96 12/6. War Bonds (1927-41), 5} per cent., b £97. P.O. Bonds (1927), b £9B 5/-. P.O. Inscribed Stock (1927), b £9B 5/-. P.O. Inscribed Stock (1929), b £9B 5/-. Soldier Settlement Loan Bonds (1933), 5$ per cent., s £99 15/-. Soldier Settlement Loan Inscribed, s £99 15/-. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, June 16. Sales on ’Change: Bank of Australasia £l7 10/-; Bank of New South Wales £45 10/-; Bank of New Zealand 64/-; Union Bank of Australia £l5 5/-; National Mortgage and Agency 75/3; Auckland Gas 23/10; British Tobacco 52/-; Sanford, Ltd. 21/6; Wilson’s Cement 34/6; Moanataiari 2/1; Alburnia 5/4; Lucky Shot 1/6 and 1/5; Ohinemuri 6/-, 5/10, 5/9, 5/4; Waihi 18/9; Bartholomew Timber 22/9. Christchurch, June 16. Sales reported: New Zealand Breweries Inscribed 26/6; Westport Coal 37/-; Bank of New Zealand (cum. div.) 63/-; Union Bank of Australia £l5 4/6, £l5 5/-; British Tobacco (cum. div.), 52/- (two parcels). Sates on ’Change. Bank of Australasia £l4 4/- (two parcels) ; Bank of New Zealand (cum. div.) 64/9; Westport Coal 36/9; Western Australian Bank 57/6; British Tobacco (cum. div.) 52/- (two parcels) ; Henry Jones Co-op. 46/3. Dunedin, June 16. Sates on Change: Bank of New Zealand 64/6; Westport Coal 36/9, 37/- (four). Sales reported: Bank of New Zealand 63/9 (two); Westport Coal 37/- (two). BURNSIDE MARKETS. SHEEP PRICES ADVANCE. Dunedin, June 16. The most marked changes in prices at Burnside to-day are in those for sheep and lambs. Heavy sheep rates advanced by 2/and lambs were to 1/- dearer. * The prices realised by cattle and pigs were scarcely altered. Fat Cattle.—A yarding of 285, compared with 288 last week. A number of lightweight steers from fair to prime condition were penned, but there were relatively few bullocks in comparison with the many plain mixed cattle. The opening demand was little changed, some heavy-weight bullocks being passed at auction. Prime handyweight ox beef w'as worth up to 37/6 per 1001 b; prime heavy-weight ox from 33/- to 35/-; prime heifers to 32/6 and light heifers and cows from 20/- to 25/- per 1001 b; prime heavy bullocks £l5 10/- to £l6 12/6; medium £l2 5/- to £l3 10/-; prime heifers £8 5/- to £9 10/-; prime cows £6 5/- to £8 15/-. Fat Sheep.—A mixed entry of 2000, compared with 3766 last week. There were not many heavy prime animals, but the number of plain to very fair ewes was considerable. The demand opened well at fully 2/- advance of last week’s rate for heavy sheep but was similar to previous sales for medium quality and freezing sheep. Prime

handy-weight wethers brought up to 6sd per lb; prime heavy-weight wethers 6d to 6sd; prime ewes to 4sd; light and aged ewes 4sd to sd; extra heavy wethers 42/6 to 43/3; prime heavy wethers 34/- to 37/-; light prime 26/9 to 32/-; heavy ewes 24/- to 34/-; medium 20/6 tp 22/-. Lambs.—A yarding of 350 of from fair to prime quality. There were few unfinished lambs. Competition was good, an outside buyer being in the market, and prices were from par to 1/- better per head. Prime lambs 26/6'to 28/9; medium 23/- to 24/6. Store Cattle.—An entry of 320 medium cows and heifers of mixed quality and about 30 head of medium three-year-old steers in fair order. The demand was much on a par with last week’s. The steers mentioned were sold subsequent to the sale for about £9 per head. The balance of the yarding realised rates equivalent to the previous sales. Pigs.—A penning of 106 fats and 45 slips. The fats were firm at last week’s prices, while stores were a trifle cheaper. ADDINGTON MARKET. LARGE ENTRY OF SHEEP. Christchurch, June 16. Quite a large entry of store sheep was forward at Addington to-day for this time of the year, including a large consignment pf North Island ewes which were in low condition. A good many hoggets were forward. Two-toothed wethers advanced in some cases by 1/- to 2/- a head, and older sheep by about 1/-. Soundmouthed crossbred ewes 24/- to 27/-; sound and failingmouthed crossbred ewes 19/- to 21/6; small two-toothed crossbred ewes 22/- to 26/-; failing mouthed halfbred ewes 20/- to 21/-; crossbred ewe hogets 24/- to 27/-; good halfbred wether hoggets 25/-; ordinary halfbred wether hoggets 20/- to 22/-; crossbred wether hoggets 18/6 to 20/9; twotoothed halfbred wethers 24/- to 27/-; two toothed crossbred wethers 24/- to 26/3. Fat Lambs. —The entry totalled 2100 head, the quality of which was not so good as at the previous sale, a large proportion of indifferently finished lambs being forward. Freezing buyers operated actively, but were more inclined to stick to schedule prices than recently. On the whole, however, taking the quality into consideration, prices were not much easier than last week. Values were: Extra prime heavy to 36/-; prime heavy 28/- to 31/6; medium-weight prime 27/- to 29/-; medium quality 24/- to 26/-; light 21/- to 23/6. Fat Sheep.—All available accommodation for fat sheep was filled the yarding being even larger than was the case last week. The quality of the sheep was excellent. Exporters did not operate keenly and values went back from 1/- to 1/6 a head. Extra prime wethers to 39/10; prime wethers 31/6 to 34/6; medium wethers 29/- to 31/-; light wethers 27/- to 28/6; extra prime ewes to 33/7; prime ewes 22/6 to 25/6; medium ewes 19/- to 22/-; light ewes 16 to 18/6; aged ewes 12/6 to 15/6. Fat Cattle.—There were 510 head forward compared with 545 last week. Some good quality stuff was forward. Good handyweight steer beef sold at values equal to 15/- to 20/- a 1001 b better than last week. Good class cows showed a proportionate increase. Best medium weight, beef sold at 37/6 to 40/- a 1001 b; North Island beef 35/- to 38/-; heavy-weight 35/- to 37/6; good cow and heifer beef 30/- to 34/-; inferior 24/6 to 28/-; rough down to 20/-. Fat Cattle. —Extra heavy steers £l9 to £22 17/6 prime heavy steers £l6 to £lB 15/-; prime medium-weight steers £l4 to £l6; medium quality steers £lO 15/- to £l3 10/-; light steers £7 10/- to £9 15/-; extra prime heifers to £l2 17/6; prime heifers £9 5/- to £11; ordinary heifers £7 5/- io £9; light heifers £5 to £7; extra prime cows to £l3 2/6; prime cows £8 5/- to £lO 15/-; ordinary cows £6 to £7 15/-; inferior cows £4 to £5 10/-. Vealers. —A smaller entry was penned than -last week, the quality of which was generally mediocre. Good runners to £7 5/-; medium runners £5 to £6 10/-; best calves £4 to £4 17/6; medium calves £2 12/6 to £3 15/-; poor stuff 10/- to 30/-. Store Cattle.—The small yarding of store cattle consisted almost entirely of cows and bulls which brought late rates. Good cows to £4; fairly good cows £2 to £3; others 25/- to 30/-; bulk to £5 10/-. Dairy Cattle—The entry was a small one totalling 45 head and prices generally were slightly easier than last week. Best second, third and fourth calvers springing £9 10/to £l3 10/-; medium sorts £7 10/- to £9; inferior sorts £5 to £6; best springing heifers | £8 to £lO 10/-; others £4 10/- to £7 10/-; old cows £2 to £3. Fat Pigs.—There was a small entry of both baconers and porkers which met with a good demand. Choppers £3 15/- to £7 16/-; light baconers £4 10/- to £5 5/-; heavy baconers to £7 6/-; average price per lb baconers to £7 6/-; average prime per lb Bsd to 9d; light porkers 55/- to 65/-; heavy porkers 70/- to 80/-; average price per lb 9sd to lOd. Store Pigs.—The small yarding met with good competition, all lots selling readily at an advance on late rates. Weaners 13/- to 21/-; slips 24/- to 30/-; small stores 32/to 36/-; medium stores 38/- to 44/-. HONOURS FOR NEW ZEALAND. e INTERNATIONAL DAIRY SHOW. SIX AWARDS TO FRIESIAN CATTLE. Cable advice has just been received that the team of New Zealand-bred Friesian cattle which competed at the First International Dairy Cattle Show recently held at Palermo, Argentine, met with considerable success. The cattle from the Dominion which secured these honours were selected from herds in the Auckland, Wellington and Canterbury provinces, and those bred in the State Farm herd at Wereroa were the most successful. Full particulars are not yet available, but it is known that strong competition was offered in the Friesian seci tion by cattle imported both from Holland and North America, as well as by Argentine • bred cattle descended from imported stock from the countries named. In all probability British bred Friesians would also be competing. In a preliminary report it was mentioned that entries had been received from England, France, Holland and New Zealand. Messrs Wright, Stephenson and Co., Ltd., who were responsible for the selection and shipment of the Dominion’s representation at this International Show, supply particulars of the honours awarded to New Zea- : land breeders, as follows: I First Prize:—Yearling heifer, New Zea- | land Government (Central Development Farm, Wereroa)) Dominion Colantha Tromp, sired by Dominion Paul Colantha, the first Royal Champion bull in New Zealand; dam is Dominion Miss Tromp, by Dominion Woodcrest King Segis. Second Prize:—Yearling bull, Messrs John Court’s Ltd. (Hobson Farm, Auckland), Hobson King de Koi, sired by Dominion Woodcrest Segis of Rock, a first prize yearling and two-year-old bull at Manawatu Show; dam is Maid of Leith de Koi, a first prize taker and Reserve Champion cow at Auckland Show. Third Prize:—Yearling heifer, Mr J. McAnulty’s (Winchmore, Ashburton) Pietje Sadie, sired by Dominion Pietje Lad, winner of nine championships in the South Island; dam is Sadie of Avonmore, daughter of Model Sadie de Koi, which produced 838.131 b butter-fat. Honourable Mention: —Aged bull, New Zealand Government’s Dominion Paul Colantha, sired by Longbeach Big Patch; dam is Dominion Pauline (produced 695.19 !b butter-fat), by Woodcrest Joe, (imp.) • Honourable Mention: —Yearling bull, New Zealand Government’s Dominion Domino Paul, sired by Dominion Paul Colantha; I dam is Dominion Daughter of Domino (winner of yearling Derby heifer class at Manawatu Show); granddam is Dominion Domino Pride, a champion cow at Manawatu Show.

These fresh laurels are a further indication of the high standard to which the Dominion’s stud herds have been bred, and indicate particularly how wonderfully successful the Friesian breeders of the Dominion have been in maintaining the quality of their herds, for these splendid honours follow on very closely the sweeping victory recorded at the recent Sydney Royal Show, where Friesians of New Zealand blood and breeding won both championships and almost swept the board. A further shipment of Friesians from New Zealand will be made to the Argentine this month. This is comprised of a splendid line of two-year-old heifers bred by Messrs R. Melvin, Manaia Road, Maslerton, and R. R. Pearson, Rongotea.