COMMERCIAL

Southland Times, Issue 20793, 6 June 1929, Page 2

COMMERCIAL

ADDINGTON STOCK SALE. MEDIUM YARDINGS OFFERING. Christchurch, June 5. There were medium yardings at the weekly Metropolitan market to-day. Store Sheep: Entries of-both store lambs and grown sheep were considerably smaller than they were last week. The absence of southern buyers together with very indifferent inquiry from the few who required lambs.for holding over, affected the demand and as a result, last week’s value declined by about 1/- to 1/6 per head. Values were: Extra good ewe lambs, to 25/9; good ewe lambs 21/- to 22/-; medium ewe lambs 18/- to 20/-; extra good Corriedale ewe lambs to 25/6; wether lambs 15/- to 16/6; cull lambs to 12/-; extra good 2tooth three-quarterbred ewes to 34/6; good 4, 6 and 8-tooth three-quarterbred ewes to 28/-; good 4, 6 and 8-tooth halfbred ewes 25/6 to Til-’, ordinary 4, 6 and 8-tooth halfbred ewes 21/- to 24/-; inferior 4, 6 and 8-tooth halfbred ewes to 19/-; good 2-tooth crossbred ewes to 31/-; good halfbred wethers to 25/6; ordinary halfbred wethers 19/- to 21/-; Merino wethers 7/3. Fat Lambs: The yarding of fat lambs was 1600 as against 2300 last week. The quality was only’ fair and a large proportion of unfinished lambs were offered. The market was inclined to be a little easier than late rates. Fat Sheep: The entry of fat sheep, totalled 11 races, half a race less than the entry of the previous week. The quality was quite good and included some nice wethers which came forward in bigger proportions than ewes. The sale was sound throughout, particularly for better-class wethers which, if anything, were a shade firmer in price. Ewes also sold firmly at last week’s rates. Values were: Extra prime wethers to 46/7; prime wethers 32/6 to 35/6; medium wethers 29/6 to 31/-; light wethers 26/6 to 29/-; extra prime ewes to 36/-; prime ewes 29/- to 31/6; medium ewes 21/- to 27/6; light ewes 20/to 23/6; aged ewes 16/- to 18/6. Fat Cattle: There was a total entry of 465 head of fat cattle, as compared with 450 last week. The quality was mixed though there was a sprinkling of well finished beef offered. . The sale throughout was irregular. On an average, values were down about 20/- head and in some cases more. Values per lOOlbs -were: Extra prime beef to 43/-; prime 38/- to 40/-; medium 33/6 to 37/-; good cow 31/- to 34/-; plain heavy cow 27/- to 29/6; rough down tn 23/-; extra prime heavy steers to £2l 12/6; prime heavy steers £l5 17/6 to £18; medium weight prime steers £l3 17/6 to £l5; medium quality steers £9 12/6 to £l3 2/6; light steers £7 to £9 7/6: extra prime cows to £l5 12/6; prime cows £9 17/6 to £l2; medium cows £7 17/6 to £9 7/6; light cows £6 to £7 7/6; rough and aged £4 17/6 to £5 17/6; extra prime heifers to £l5 12/6; prime, heifers £lO to £l2 7/6; medium heifers £8 10/- to £9 17/6; light heifers £5 7/6 to £8 7/6. Vealers: There was a smaller entry than last wft'k; everything fit for butchers selling at late rates. Twelve to 18-months sorts to £9 2/6; good vealers £6 to £7 5/-; medium vealers £4 to £5 10/-; calves 20/to 35/-. Store Catlie: The yarding of store cattle consisted mainly of nondescript, lots with the exception of one. lot of steers sold at £lO 15/-. Steers £lO 15/-; bulls £3 to £6 15/-; inferior cows £1 15/- to £2 10/-; good cows £2 5/- to £4; forward cows to £6 5/-; yearling heifers £3 to £4; mixed sex yearlings to £3 5/-. Dairy Cattle: The market was on a lower basis than last week. Best first, second, third and fourth ealvers £l2 to £l5 10/-; medium cows £8 to £ll 10/-; inferior cows £5 to £7 10/-; best heifers £ll to £l5 15/-; medium heifers £7 10/- to £1 110/-; cows in milk £6 to £9. Store Pigs: There was a small dntry of store pigs comprising mainly small and medium sorts. Values were: Small we;tners 4/- to 6/-, good 7/- to 9/6; small stores 10/6 to 13/-; medium 14/-, to 19/-; large 20/- to 24/-; extra good to 27/-. Fat pigs: A small entry of baconers was penned for which there was a good demand. A medium entry of porkers met with a fair inquiry. Choppers 30/- to £4 6/-; baconers 57/6 to £3 10/-; heavy £3 15/- to £4 4/- (average price per lb 6d to 6 Id); porkers 33/-’ to 44/-; heavy porkers 47/6 to 56/- (average price per lb 6d to 7(d). GORE SALEYARDS. REPORT OF COMPANY. The annual’report of the Gore Saleyards Company, Limited, states: lour directors have pleasure in stating that the year's working again shows a small profit. The yard dues and fees show a very light dropping off front last year’s total, due to the fact, that the financial year included one less sale. The yards are retaining their popularity with district vendors and are receiving their fair share of patronage. The yards are still under the care of Mr J. Parker, who continues to give every satisfaction. Fortnightly sales were heir! throughout the year, and the following figures give a summary of the stock handled—l92B: April 17, 3454 sheep and 17 cattle; May 1, 2425 and 7; May 15, 1935 and 26; May 29, 1969 and 20; June 12, 1759 and 29; June 26, 964 and 34; July 10, 508 and 54; July 24, 1516 and 5; August 7, 848 and 17; August 21, 675 and 17; September 4, 2009 and 93; September 18, 877 and 77; October 2, 722 and 31; October 16, 512 and 13; October 30, 454 and 14; November 13, 734 and 17; November 27, 712 and 41; December 11, 360 and 138. 1929:—January 8, .240 sheep and 21 cattle; January 22, 322 and 31: February 5, 509 and 19; February 19, 1658 and 73; March 5, 2621. and 24; March 19, 4817 and 36 —totals 32,600 sheep and 851 cattle. The following directors—Messrs Hugh Smith, R. L. Reid, F. Trapski, W. G. Ladhrook, Henry Smith, H. P. Mclntyre and R. J. Potter — retire, but are eligible for re-election. Mr R. S. Green, the company’s auditor, is also available for appointment. The balance sheet shows a profit of £8 5/7 for the year. DAIRY PRODUCE, Messrs A. S. Paterson and Co., are in receipt, of the following cable from their London principals, Messrs J. and J. Lonsdale and Co., Ltd., dated ,31st ultimo:— Butter is firmer. New Zealand 165/-, 167/-; Danish 162/-, 165/-; Australian salted 158/-, 162/-; unsalted 160/-, 164/-. Cheese quiet. White 89/-, 90/-; coloured 91/-, 92/-. Messrs Dalgety and Company, Limited, report having received the following advice from their head office, London, under date of June 4:— z Butter. —Wn quote. NeW Zealand finest salted 168/- to 170/-; Australian finest salted 162/- to 164/-. > Cheese. —We 'quote New Zealand white 89/- to 90/-; coloured 91/- to 92/-. Messrs Henderson and Co., advise that their London principals, Messrs Lovell and Christinas, Ltd., cabled on the 4th instant as follows: —Butter market firm. Present prices 170/-, 172/-. Cheese market quiet but steady. Present prices, whites 89/-, coloured 91/-. The National Mortgage and Agency Co., Ltd., report having received the following cable from Messrs A. J. Mills.and Co., fLtd., London:— Butter: Market steady. Finest New Zealand 166/- to 167/-; first grade New Zealand 164/- to 165/-; Danish 164/- to 166/-; Australian 160/- to 162/-; Irish 160/- to 162/-. Continetal market weaker. Cheese: Market slow. New’ Zealand white 89/- to 90/-; New Zealand coloured 90/- to 91/-. TALLOW. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following advice from their London

House under date May 29, 1929:—We quote present c.i.f. and e values for the following descriptions of tallow’: —Fine mutton'4l/-; good beef 42/-; mixed 38/-. Market quiet. METAL MARKET. London, Juno 3. Copper: Standard spot £73 3/9; forward £72 16/10. Electrolytic: Spot £B-1; forward £B4 10/-. Wire Bars: £B4 10/-. Lead: Spot £22 10/-; forward £23 10/-. Spelter: Spot £26 10/-; forward £26 7/6. Tin: Spot £197 13/9; forward £2OO 13/9. Silver: 24 l-16d; 26Jd per ounce.—Australian Press Association. STOCK EXCHANGE. TESTER DAY’S QUOTATIONS. At yesterday’s meeting of the Invercargill Stock. Exchange, the following quotations were made: — A.B.C. Bank: s 37/-. Commercial Bank: s 30/6. National Bank of New Zealand: b 2/-, s £7 4/-. Bank of New Zealand: b 62/6, s 63/-. ■ Union Bank of Australia: b £l5 14/6, s £l5 17/6. Westport Coal Co.: b 32/-. Westport Stockton Coal Co.: (ord.) b 2/9; s 3/6. Grey Valley Collieries: s 24/-. National Insurance: s 16/3. New Zealand Insurance: b 47/-. South British Insurance: b 65/-. Standard Insurance: b 64/6. Dalgety and Co.: b £l5 4/-; s £l5 6/-. Goldsbrough, Mort and Co.: b 49/6, s 51/-. , nn . National Mortgage: b 87/-, s 90/-. Perpetual Trustees (Dunedin): b 66/-. Trustees, Executors (Dunedin): b 66/-. Wright, Stephenson and Company: (ord.) b 25/-; (pref.), b 17/9. Gear Meat Preserving Co.: b 42/6 New Zealand Refrigerating Co.: (20,paid) b 16/6, s 16/9. Southland Frozen Meat Co.: (£1 ord.), b 37/-, s 40/-; (10/- ord.), b 18/6, s 20/-; (£1 pref.) b 37/-, s 40/-. Kildare Mining Co.: b 3/6. Mt. Lyall Mining Co.: s 44/-. Waihi Gold Mining Co.: b 12/9. Electrolytic Zinc: (ord.) b 36/-; (pref.) b 37/-. Winding Creek Mining Co.: s 9d prem. Huddart-Parker Shipping Co.: (ord.), b 45/-, s 46/-. Union Steam Ship Co.: (pref.) b 21/-. Bruce Woollen Mills: s 11/6. Kaiapoi Woollen Mills: (ord.) b 14/-, (pref.), b 15/3. Mosgiel Woollen Mills: b £7 11/-. Wellington Woollen Mills: (ord.), b £7 5/-. Australian Iron and Steel: b -y’British Tobacco: b 49/6, s 50/6. Colonial Sugar Co.: b £5B 10/-. D.1.C.: (ord.) b 10/9 prem.; (prcf.i, b Dominion Rubber Co.: b 31/6; s 36/-. Donaghy’s Rope and Twine: b 35/-. McLeod Bros.' Soap: b £3O. Milburn Lime and Cement: s 39/9. New Zealand Breweries, Ltd (shares): b 70/-. New Zealand Drug: b 75/-. New Zealand .Farmers’ Fertilizers: b 21/6. New’ Zealand Guarantee Corporation: s 9/3. . New’ Zealand Milk Products: s 23/-. New Zealand Paper Mills: s 20/-., New Zealand Sugar of Milk: s 23/-. Wilson’s (N.Z.) Portland Cement: b 41/6; s 43/-. Dominion Investments: b 24/-. Inscribed Stock (1938) 41_ per cent, (free of income tax): b £99 15/-. Soldier Settlement Loan Bonds (1933), 5.! per cent, (not free of Income Tax): b £lOl 5/-. Sales were reported of Now Zealand Perpetual Forests at 27/-; Huddart-Parker Shipping at 45/9; New Zealand Insurance at 47/3; Bank of Australasia at £l4 14/-, and E.S. and A. Bank at £8 10/6. THE SHAREMARKET. YESTERDAY'S TRANSACTIONS. (Per United Press Association.) Auckland, June 5. Sales on ’Change: War Loan (1936, .51 per cent.) £lOl 10/-; Union Bank of Australia (Victoria register) £l5 16/-; Australian Provincial Insurance 10/6; Pukemiro Colleries 62/3; Taupiri Coal 25/6; New Zealand Breweries 71/-; British Tobacco 49/101. Wellington, June 5. Sales reported: Australian Bank of Commerce £1 17/-; Hume Pipe Co. (Australian) 18/1; New Zealand Insurance Co. £2 7/3; New Zealand Refrigerating Co. (10/-) 7/3; Westport Coal Co. £1 12/6. Sales on ’Change: New Zealand Breweries (shares) £3 10/6; Waihi Gold Mining Co. 12/10. Christchurch, Jurfe 5. Sales on ’Change: New Zealand Government (5J per cent. Inscribed 1933) £lOl 5/-; Commercial Bank of Australia 19/(new cont.); National Bank of Australasia (£5 paid), £9 12/6 (2 parcels); P. and 0. Deferred Stock 60/-;,New Zealand Breweries 70/3 (2 parcels), 70/6, 70/9, 70/8, 70/9; British Tobacco 49/9; Dunlop Rubber 27/7; Mahakipawa 8d (2 parcels), 74d (2 parcels), 7d. Sales reported: Canterbury Frozen Meat (ord.) £8 15/-; British Tobacco 49/9 (2 parcels); Goldsbrough Mort 49/10; NewZealand Breweries 71/-. Dunedin; June 5. Sales reported: Wilson’s Cement 42/cum. div.; Wright, Stephenson (ord.) 25/3, (pref.) 18/-.