COMMERCIAL

Southland Times, Issue 20662, 18 April 1929, Page 2

COMMERCIAL

ADDINGTON MARKET.

HEAVY-ENTRIES ALL ROUND.

A STEADY SALE.

Christchurch, April 17.

Entries were heavy all round at the Addington market to-day. The store sheep section contained a big entry of ewes and store lambs were also forward in heavy numbers. For both classes there was a good free sale at prices varying from 1/to 1/6 a head better than last week. Fat sheep comprised the biggest entry of the season, but it was a particularly steady sale, prices being practically unchanged. Good class fat cattle also maintained last week’s rates, but secondary sorts were harder to quit. The following were the values:— Store Sheep: Good Merino ewe lambs 25/10; medium ewe lambs 22/- to 24/7; inferior to ordinary ewe lambs 19/- to 21/6; medium wether lambs 18/3 to 20/-; inferior wether lambs 16/- to IS/-; cull lambs 12/6 to 15/6; best m.s. halfbred lambs to 24/-; best m.s. three-quarterbred lambs 21/9 to 23/6; best m.s. crossbred lambs to 23/-; medium ms. lambs 18/- to 20/-; inferior m.s. lambs 14/6 to 17/-; good two-tooth halfbred to 34/-; ordinary twotooth halfbred ewes to 31/3; inferior twotooth halfbred ewes 26/- to 29/6; four, six and eight-tooth halfbred ewes 28/3 to 31/3; ordinary four, six and eight-tooth ewes 24/6 to 27/6; s.m. halfbred ewes 22/3 to 25/10; f ,m. ewes 19/6 to 22/-; cull ewes 13/- to 15/-; ordinary two-tooth crossbred ewes to 26/9; two-tooth three-quarterbred ewes 29/-; s.m. Romney cross ewes to 27/3; f.m. crossbred ewes 18/-; four, six and eight-tooth crossbred ewes 26/3 to 28/-; ordinary four, six and eight-tooth crossbred ewes 24/- to 26/-; good four and six-tooth halfbred wethers 28/- to 30/10; good four-tooth three-quarterbred wethers 28/3.

Fat. Lambs: Extra prime lambs to 35/7; prime lambs 28/6 to 31/6; medium lambs 26/3 to 28/3; light lambs 23/9 to 25/9. Fat Sheep: Extra prime wethers to 42/-; prime wethers 32/- to 35/-; medium wethers 28/6 to 31/6; light wethers 26/9 to 28/3; extra prime ewes to 31/10; prime ewes 25/- to 28/-; medium ewes 22/- to 24/6; light ewes 19/- to 21/-; aged ewes 16/- to 18/6. Fat Cattle: Extra prime heavy steers to £24 7/6; prime heavy steers £lB to £2O; medium weight prime steers £l6 to £lB 5/-; medium quality steers £l3 to £l5 10/-; light steers £9 to £l2 5/-; extra prime heifers to £l5 7/6; prime heifers £ll 15/to £l3 15/-; medium heifers £ll 15/- to £l3 15/-; medium heifers £lO 5/- to £ll 10/-; light heifers £7 to £10; extra prime cows £l4 17/6; prime cows £ll to £l2 10/-; medium cows £9 to £lO 15/-; aged cows £5 10/- to £B. These prices were equivalent to 42/6 to 45/- per 1001 b for good beef; extra quality to 47/-; medium 40/- to 42/-; best cow beef and medium heifer 37/- to 40/-; heavy and plain cow. beef 31/- to 35/-; rough down to 17/6. Vealers: A large entry of mixed quality twelve to eighteen month calves to £8 18/6; good vealers £6 to £7 10/-; medium vealers £4 to £5 10/-; calves 35/- to £3. Store Cows: A very small entry. Good cows £5 10/- to £7; medium cows £3 to £5; inferior cows 30/- to £2 10/-; bulls £4 to £l2.

Dairy Cattle: Good second, third and fourth calvers to £l6 5/-; medium sorts £ll to £l4 10/-; inferior sorts £8 to £10; forward heifers to £l4 10/-; backward heifers £5 10/- to £8 10/-.

Fat Pigs: Choppers 30/- to £6 8/6; light baconers £2 15/- to £3 10/-; heavy baconers £3 15/- to £4; extra heavy baconers to £5 8/6; average price per lb old to 6d; light porkers 32/- to 40/-; heavy porkers 42/- to 53/6; average price per lb 7d to 7 Jd.

Store Pigs: Weaners 4/- to 8/-; extra to 12/-; small stores 9/- to 12/-; medium stores 14/- to 18/-; large stores 24/- to 25/-; extra large to 28/-. BURNSIDE MARKET. FIRM RATES FOR STOCK. LAMB PRICES UNCHANGED. Dunedin, April 17. Most classes of fat stock sold at firm rates at the Burnside sales to-day. The fat cattle market was more buoyant, all classes meeting with a good demand at an advance of from 15/- to 20/- per head. In the sheep section wethers sold about the same values a.s the previous sale, while ews advanced slightly in price. The lamb market was not particularly buoyant, but prices were unchanged, while store cattle sold at cheaper rates. The pig market showed an improved tone, baconers being firmer, while values for porkers showed no appreciable change. Fair quality was included in the entry of 209 fat cattle, with a number of extra heavy heifers, cows and some prime bullocks. Heavy bullocks sold at £l9 5/to £2O 10/-; medium £l7 to £18; light £l5 to £l6 5/-; heavy heifers £l2 5/- to £l3; medium £ll 5/- to £ll 15/-; light £8 10/to £9 5/-; heavy cows £l2 to £l3; medium £ll to £ll 10/-; light £lO to £lO 15/-. Prime ox beef sold on a basks of 44/- per lOOlbs.

There was a good selection of wethers and ewes in the sheep entry, which totalled 2881 head. All weights were represented and some extra prime quality' was included. The sale was firm towards the close. Prime heavy wethers sold from 41/to 44/6; prime 38/- to 39/6; light prime 33/- to 35/6; best ewes 32/- to 35/3; prime 24/- to 28/-; light 19/- to 21/-. Prime wethers sold on a basis of Cjd and prime ewes 4}d per lb. There was a penning of 192 lambs of medium and very fair quality, and it included a few pens of extra prime animals. Prime lambs sold from 29/6 to 32/-; medium to 25/-; unfinished 21/- to 23/- per head. Light prime lambs sold on a basis of 9-|d and heavy sorts Sid per lb.

About 200 head of store cattle were offered. The yarding included several pens of bullocks, but the bulk comprised young mixed cattle, and cows. There was little demand in most classes and prices showed a reduction of about 7/6 per bead as compared with the rates which ruled ;two weeks ago. Three-vear-old bullocks - sold from £lO 5/- to £ll 5/-.

The pig entry consisted of 87 fats and 102 stores. There was an improved demand and most classes cleared. Weaners sold from 10/- to 13/-; slips 18/- to 20/-; stores 30/-'..to 35/-. Prime baconers sold on a basis of 7-}d and prime porkers 7d per lb.

OTAUTAU STOCK SALE.

(From Our Correspondent.) *

There was another.large yarding of all classes of sheep at the above sale on Tuesday, which met with a very keen demand. There was also a large attendance of buyers. Young ewes were particularly sought after, prices being 1/6 to 2/- a head in advance of recent sales. Failing-mouth ewes also sold well, at satisfactory prices to the vendors. Following are some of the sales.

J. E. Watson and Co., Ltd., sold 87 ewes 11/4, 153 do. 14/4, 57 do. 6/-, 32 two and four-tooth ewes 30/9, 55 6 and 8-th do. 27/2, 10-fat do. 16/3, 101 lambs 17/3, 83 do. 12/9, 56 do. 15/3, 20 do. 10/6, 4 rams sgns, 1 at 4Jgns, 1 at 50/-, and 2 at 35/-. Cattle: One fat cow £7 12/6, 5 do. £B, 1 do. £6, 3 fat heifers £9, 1 do. £6, 4 do. £8 15/-, 7 do. £8 15/-, and 3 steers £7.

Dalgety and Co., Ltd., sold 100 s.m. ewes 30/1, 57 do. 30/-, 50 do. 30/3, 144 do. 28/6, 100 do. 28/6, 84 do. 24/9, 50 do. 25/1, 112 f.m. ewes 16/1, 47 do. 15/-, 37 do. 13/-, 110 do. 20/6, 118 do. 19/9, 230 do. 20/6, 41 do. 16/1, 36 do. 36/-, 138 do. 22/-, 110 do. 17/3. 144 do. 15/5, 100 twotooth ewes 37/-, 80 do. 33/-, 17 old ewes 4/8, 111 wether lambs 20/-, 47 do. 19/9, 130 ewe lambs 25/6, 227 do. 25/7, 23 ms. lambs 22/9, 54 fat lambs 26/-, 3 rams 6gns, 4 at 44gns, 4 at 3gns, 2 at 2lgns, 2 at 2gns, 2 at 2i|gns, 1 at lgn, 5 at Agn. Cattle: One steer £9, 2 do. £7 16/-, 1 do. £ll 3/-, 1 cow £2 12/6, 4 old cows £3, and 1 yearling heifer £3 15/-.

J. R. Mills and Son sold 301 two-tooth ewes 3 7/7, 78 do. 33/-, 130 do. 40/-, 27 do. 37/3, 20 do. 33/-, 58 do. 30/6, 70 do. 40/-, 50 do. 40/-, 69 full-mouth ewes 22/9, 50 do. 22/1, 140 do. 24/1, 78 do. 23/4, 43 eight-tooth ewes 25/6, 88 four and six-tooth ewes 34/9, 76 sound-mouthed ewes 30/-, 44 do. 25/6, 92 f. and f. ewes 18/9, 67 do. 15/9, 48 do. 15/-, 118 do. 18/3, 13 fat ewes 16/-, 24 failing ewes 12/-, 40 do. 13/-, 80 do. 10/6, 28 do. 13/6, 190 do. 12/1, 20 do. 13/-, 25 m.s. lambs 24/1, 37 do. 20/-, 57 ewe lambs 23/9, 49 do. 25/2, 49 wether lambs 22/1, 31 do. 18/9, 153 do. (small) 14/1, 12 wethers 29/-, 25 do. 30/6. Rams: One 2-shear Romney ram 6gns, 1 do. sgns, 2 do. 4gns, 3 do. 6gns, 1 do. £2, 1 do. 30/-, 1 ram 3gns, 1 do. £2 10/-. Cattle: One fat cow £9 7/6, 1 do. £7 17/6, 1 do. £7, 1 do. £7, 1 do. £6 17/6, 2 do. £7 12/6, 1 bull £9 10/-, 1 do. £8 10/-. Pigs: Four at 11’/-, and two at 10/-.

The New Zealand Loan and Mercantile Agency Co., Ltd., sold 82 f.m. ewes 13/1, 51 do. 5/1, 76 do. 17/-, 63 do. 13/3, 111 do. 24/1, 64 do. 14/9, 100 do. 19/-, 15 do. 6/-, 31 2-tooth ewes 43/4, 63 do. 41/5, 139 s.m. ewes 35/7, 100 do. 34/6, 73 do. 34/6, 81 f. and f. ewes £l, 2 fat ewes 31/-, 38 do. 18/6, 118 ewe lambs 28/7, 74 m.s. lambs 21/6, 4 fat lambs 27/6, 19 do. 27/-, 172 wether lambs passed at 22/-, 2 Romney rams sgns, 1 do. sgns, 2 Border Leicester do. sgns, 1 do. 4gns, 2 do. sgns, 2 do. 4gns, 1 do. 3gns, 3 do. 2gns, 1 do. 2Jgns, and 3 do. 6|gns. Cattle: Two fat cows £6, and 1 at £5.

The National Mortgage and Agency Co., Ltd., sold 49 f. and f. ewes 17/9, 70 do. 17/2, 90 do. 5/4, 46 do. 17/-, 51 do. 18/3, 150 do. 18/1, 65 do. 15/10, 77 do. 18/3, 48 do. 14/9, 54 do. 10/4, 24 do. 16/-, 40 do. 14/7, 190 do. 12/-, 138 f.m. ewes 27/3, 25 2-tooth ewes 36/-, 68 do. 24/-, 107 s.m. ewes 30/-, 147 do. 31/4, 77 wethers 30/3, 25 wether lambs 15/1, 90 do. 21/10, 119 ewe lambs 25/10, 68 do. 25/-, 5 Romney rams 41gns, 3 do. 2gns, 2 do. sgns, 3 do. s»gns, 3 do. 4}gns, 1 do. Sgns, 4 do. 31gns, and 4 do. 3gns, 4 Border Leicester do. sgns, 2 do. 4gns, and 2 do. 3gns.

The following additional lines were sold on Friday :— The Southland Farmers’ Co-op. Association sold 66 2-tooth ewes 37/-; 80 4, 6 and S-tooth do. 26/-; 12 f. and f. ewes 17/-; 20 do. 14/6; 20 do. 13/9; 190 do. 14/-; 77 do. 14/1; 81 s.m. do. 23/-; 3 fat do. 19/-; 5 4-tooth do. 29/-; 3 fat wethers 30/3; 100 ewe lambs 28/5; 68 do. 26/11; 82 do. 28/9; 128 do. 27/6; 6 ewes 20/-; and 22 rams from 8 guineas to 2 guineas.

Wright, Stephenson and Co., Ltd., sold 43 ewes 5/5; 52 do. 19/-; 49 do. 15/-, 201 do.. 23/8; 48 do. 32/-; 22 do. 9/4; 104 do. 16/1; 20 do. 6/3; 106 do. 24/4; 38 do. 26/-; 30 do. 11/6; 30 do. 11/6; IS do. 16/6; 25 do. 18/3; 6 fat ewes 19/9; 200 ewe hoggets 28/6; 18 do. 20/-; 31 2-tooth ewes 32/3; 30 do. 35/4; 99 do. 36/6; 55 do. 38/1; 150 do. 37/-; 50 4-tooth do. 40/6; 223 wethers 31/6 56 ewe. lambs 15/3; 100 do. 22/8; 74 do. 25/-; 73 do. 26/3; 14 do. 23/9; 3 lambs 18/7; 1 ram Sgns; 10 do. 6gns; 2 do. 2Jgns; 3 do. 4]gns; 2 do. sgns; 2 do. 4: ( 'gns; 10 do. Signs; 2 do. 2-Igns; 3 do. 2gns; 3 do. Signs; 1 do. ogns. Cattle: Six bullocks £9 11/-; 6 do. £9 5/-; 4 steers £4 11/-; 3 do. £4 6/-; cow and calf £4 16/-; 8 calves £2 4/-. Pigs: Three at 6/-, and 1 at 5/-. CANTERBURY MARKETS. GRAIN AND PRODUCE. Christchurch, April 16. The grain and produce market is exceptionally quiet for this period of tbe year. Small orders are coming to hand, but these in the aggregate represent a very moderate turnover. Potatoes provide the main source of interest at the moment. April-May delivery is quoted at £5 5/f.0.b., s.i., or about £4 on trucks, and JulySeptember at £6 7/6. The future market may owe something of it.s strength to the hope that shipment to Sydney will be possible. The Kurow, on Saturday, took 2900 sacks north. ■ The Wingatui since then took 1800 from Timaru, and 2200 from Christchurch, or a total of 7000 sacks for the week.

Milling wheat shows little change, being quoted at 5/8 a bushel on trucks for Tuscan 5/10 to 5/11 for Hunters. Fowl wheat is scarcely so firm, there being substantial offerings of shrivelled wheat, the rejection of which for milling is crowding the fowl offering. The oats market is lifeless. Little change is to be reported in values, but inquiry is practically absent. Up to 3/54 a bushel f.0.b., s.i., is quoted for A Gartons, and to 3/2 for B’s.

Chaff is quoted at £3 15/- a ton on trucks.

Partridge peas are quoted at 5/- a bushel on trucks, but export is not possible at this figure. The export parity at the moment is about 4/9 on trucks, but growers will not trade at this figure. Small seeds are at the figures quoted last week. The demand for all classes is limited. TARANAKI OIL REPORT. Gisborne, April 16. Following is- the Taranaki oil report:— Gisborne No. 2 Well: Inspector of Mines certified water effectively shut off at 2726 feet. Drilling recommenced April 12 to depth 2760 feet, sandstone from 2732 feet. Caving in badly. Now running 6} inch casing. RABBITSKIN SALE. The Otago Farmers’ Co-operative Association of New Zealand, Limited, held its fortnightly sale of rabbitskins on Tuesday, the 16th instant, to a full bench of buyers. The bidding was again keen for all grades and prices can be quoted for summer grades from Id to 2d down, while autumn skins showed a slight increase on last'sale. The following prices were quoted:—Small 271 d; summer broken 324 d; milky 31fd; summer does 34-}d; summer bucks 34? d; runners 43d; light racks 48Ad; racks 47-jd; dawny autumns 54d; early autumns 59}d; late autumns 69d; spotty autumns 55 Jd; autumn broken summer blacks 37Jd; rack blacks 47d; early autumn black 49jd; autumn blacks 63Jd; late autumn black 68Jd; summer fawn 57d; autumn fawn 69|d; hareskins 40d. PRICE OF GOLD. (United Press Assn.—By Telegraph—Copyright.) London, April 16. The price, of gold is quoted at 84/101 per ounce.—Australian Press Association,

WHEAT CARGOES.

London, April 16,

Cargoes are fairly steady and closed with quiet prices inclined in the buyers’ favour. Parcels: Small inquiry, prices easier.

Liverpool Futures: May 8/9}; July 9/1J; October 9/4} per cental—Australian Press Association.

STOCK EXCHANGE.

YESTERDAY’S QUOTATIONS.

At a meeting of the Invercargill Stock Exchange yesterday, the following quotations were made: — Bank of Australasia: s £l4 17/6. Commercial Bank: b 29/6, s 30/-. E.S. and A. Bank: b £8 15/6. National Bank of New Zealand: b £7 1/-, s £7 2/6. Bank of New South Wales: b £5l. Bank of New Zealand: b 62/-, s 62/6. Union Bank of Australia: b £l5 10/-, s £l5 12/6. Westport Coal Co.: b 32/3, s 33/-. Westport Stockton Co.: (ord.), s 3/3. Grey Valley Collieries: b 23/-. National Insurance: b 16/4, s 16/8. New Zealand Insurance: s 47/6. South British Insurance: b 66/-. Standard Insurance: b 63/6. Dalgety and Co.: s £l5 4/-. . Goldsbrough, Mort and Co.: b 53/-. National Mortgage: s 88/-. Perpetual Trustees (Dunedin): b 64/-. Trustees’ Executors (Dunedin): b 59/6. Wright, Stephenson and Co.: (ord.) b 25/3, s 27/6; (pref.), b 17/9. Gear Meat Preserving Co.: s 43/9. New Zealand Refrigerating Meat Co: (20/- paid), b 15/-, s 16/-; (10/- paid), b 7/-; s 7/6. Southland Frozen Meat Co.: (£1 ord), b 36/-; (10/- ord), b 18/-; (£1 pref.), b 36/-. Mt. Lyell Mining Co.: b 42/-; s 43/6. Waihi Gold Mine: b 13/8. Electrolytic Zinc: (ord.) b 35/-; (pref.) b 36/-, s 36/6. Huddart Parker Shipping Co.: (ord.) s 46/-. Howard Smith Shipping Co.: (ord.), b 34/6. Union Steam Ship Co.: (pref.), b 20/8. Bruce Woollen Mills: s 12/6. Kaiapoi Woollen Mills: (ord.), b 14/-; s 15/-; (pref.), b 15/-. Mosgiel Woollen Mills: b £7 10/-. Wellington Woollen Mills: (ord.), s £7 10/-. British Tobacco: s 48/6. Colonial Sugar Co.: b £6O. D.1.C.: (ord.), b 10/6 premium; (pref), b 21/-. Dominion Rubber Co.: s 33/9. Donaghy’s Rope and Twine: b 33/6. Milburn Lime and Cement: b 37/3. New Zealand Breweries, Ltd.: (shares), s 63/6, (stock), b 26/-. New Zealand Drug: s 73/-. New' Zealand Farmers’ Fertilizers: b 21/-. New' Zealand Guarantee Corporation: b 8/8, s 9/-. New Zealand Milk Products: s 23/-. New Zealand Paper Mills: b 18/3. New Zealand Sugar of Milk; s 23/6. Wilson's (N.Z.) Portland Cement: b 40/9. Dominion Investments: b 24/-. Inscribed Stock (1938) 41 per cent, (free of income tax), b £99 17/6. War Bonds (1938), 41 per cent, (free of income tax) : b £99 17/6. Inscribed Stock (1939), 41 per cent, (free of income tax): b £99 17/6. War Bonds (1939), 41 per cent, (free of income tax) : b £99 17/6. Soldier Settlement Loan Bonds (1933), 51 per cent, (not free of income tax), b £lOl 5/-.

Sales were reported of Bank of New Zealand (two parcels), at 62/3; Grey Valley Collieries at 23/6; and New Zealand Breweries, Ltd. (shares), at 63/ : . THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. Auckland, April 17. Sales on ’Change: War Loan (1930) 5} per cent. £99 10/-; War Loan (1932) 5} per cent £99 10/-; Inscribed Stock (192741) 51 per cent. £99 10/-; Commercial Bank of Australia (pref.) £7 9/-; National Bank of Australasia (cont.) £9 13/-; Bank of New South Wales £5l 5/-; Union Bank of Australia £l5 10/6; Westport-Stockton Coal 3/-; Auckland Gas (cont.) 18/3; Kauri Timber 17/3, 17/9; New Zealand Breweries 62/74; British Tobacco 47/9; Haywards’ Pictures 20/6; Taranaki Oil 5/3; Waihi Mining 13/10; Mount Lyell 43/9. Wellington, April 17. Sales reported: National Bank of Australasia (£lO paid) £l9 12/6, (£5 paid), £9 12/6; Bank of New South Wales £5l 5/-; New Zealand Guarantee Corporation (2 parcels) 8/10; 51 per cent Stock( 1932) £99 12/6; Wellington Woollen (ord.), £7 5/-. Christchurch, April 17. Sales on ’Change: New Zealand Government 41 per cent. Inscribed (1938), £100; Commercial Bank of Australia 30/- (2 parcels) ; Bank of New South Wales £5l 5/-; Goldsbrough Mort 53/9 (4 parcels) ; New Zealand Guarantee Corporation 8/10; Timaru Brewery 14/-; Australian Iron and Steel (pref. cum. div.) 21/3 (2 parcels) ; British Tobacco 47/10; Dunlop Rubber (cum. div.) 28/7 (2 parcels) ; Mahaikapawa 1/1 (3 parcels). Sales reported: Union Bank of Australia £l5 10/6; New Zealand Government 4-1 per cent. Inscribed (1938) £100; Mt. Lyell 43/11.

Dunedin, April 17 Sale reported: Australian Bank of Commerce 36/-.