COMMERCIAL

Southland Times, Issue 21179, 4 September 1930, Page 3

COMMERCIAL

STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At yesterday’s call-over on the Invercargill Stock Exchange the following prices were quoted:— Australian Bank of Commerce: s 21/-. Commercial Bank of Australians 20/6. National Bank of New Zealand: s £5 14/-. Bank of New Zealand: 56/-, s 56/6. New Zealand Breweries (shares): s 50/-. Westport Coal: s 31/6. National Insurance: b 13/8; s 14/-. New Zealand Insurance: b 42/-; s 43/-. Trustees’ Executors (Dunedin): b 59/-. "Wright, Stephenson and Co. (pref.): b 15/-. New Zealand Refrigerating (20/- paid) : s 11/-; (10/- paid): s 4/9. . Southland Frozen Meat (£1 ord.): s 36/-; (10/- ord.): s 18/-; (£1 pref.): s 36/-? Winding Creek Gold Mining: s sd. Huddart-Parker (ord.): s 36/-. Union Steam Ship Co. (pref.): b 20/3. Bruce Woollen Mills: b 9/6; s 12/-. Mosgiel Woollen Mills: b £6 5/-. British Tobacco (Aust.) : b 32/-; s 33/6. Dominion Rubber Co.: s IS/6. Donaghy's Rope and Twine: b 33/6. Dunlop Rubber (Aust.): s 13/6. Milburn Lime and Cement: s 34/-.• New Zealand Drug: b 60/-; s 61/3. New Zealand Farmers’ Fertilizers: b IS/-; s 19/9. New Zealand Guarantee Corporation;, b 7/7; s 7/10. New Zealand Taper Mills: b 19/-; s 20/-. Wilson's (N.Z.) Portland Cement: b 37/6. Inscribed Slock, 1938, 41 per cent, (free of income tax): b £lOO. War Bonds, 1935, 41 per cent, (free of income tax): b £lOO. Inscribed Stock, 1939, 41 per cent, (free of income tax): b £lOO. War Bonds, 1939, 41 per cent, (free of income tax): b £lOO. Government Bonds, 51 per cent., 1933: b £99 5/-. Government Stock, 5} per cent., 1933: b £99 5/-. THE SHAREMARKET. YESTERDAY'S TRANSACTIONS. 4 (Per United Press Association.) Auckland, September 3. Sales on ’Change: Commercial Bank of Australia (two lots) 19/8; National Bank of New Zealand £5 14/-; National Bank of Australasia (late sale) £l3 15/-; Bank of New South Wales (late sale) £35 5/-; New Zealand Insurance (two lots) 42/6; South British 57/3, 57/6 (two lots); British Tobacco 32/5; Farmers’ Trading 7/9; New Zealand Drug (late sale) 60/6'; Paddy’s Point 2/11; Mahakipawa (late sale) 3d; Wilson's Cement 40/-. Wellington, September 3. Sales reported: Bank of New Zealand £2 16/6 (3 sales) ; British Tobacco Co. (ord.) £1 12/7}; Wilson's Cement Co. £1 19/10; South British Insurance £2 17/-, £2 17/3. Christchurch, September 3. Sales on ’Change: Commercial Bank of Australia 19/6; English, Scottish and Australian Bank £5 14/6; Union Bank of Australia £lO 7/6; Goldsbrough Mort 22/11; New Zealand Breweries 48/9 (3), 48/6; British Tobacco (cum. div.) 32/4 (3); Dunlop (Perdriau) Rubber 12/8; Mahakipawa 4d (5). Sales reporteel: New Zealand Insurance 42/6 (2); New Zealand Breweries 48/9. Dunedin, September 3. Sale reported: New Zealand Drugs 60/6 cum. div,; Bank of New Zealand 56/6 (two, after last call). DUNEDIN RABBITSKIN SALE. The Otago Farmers’ Co-operative Association of New Zealand Limited held their fortnightly sale of rabbitskins, before a full bench of buyers, when a medium sized catalogue was offered to keen competition. There was a sharp rise in prices at today’s sale, all grades being keenly sought after. As compared with last sale, summers and low grade skins showed a rise of }d to Id per lb; autumn grades also advanced from par to Id per lb; while spotted and winter skins sold at prices from 2d to 6d per lb above last sale. The following is the range of prices:— Small 4-}d, runners 7Jd, milky lid, summers 7d to 7}d, light racks 12}d, prime racks 12d, dawny autumns 15}d, early autumns 17d, late autumns'2sd, incomings 323 d, first early winter bucks 46|d, first early winter does 29d, spotty winter bucks 36d, spotty winter does 27-Ad, second winter bucks 38}d, second winter does 33}d, first winter bucks 65}d, first winter does 47d, prime bucks 67}d, prime does 58d, outgoing bucks 25d, outgoing does 22} d, spring’s 19-}d, second early winter’s 20d, second incomings 18Jd, summer black 6d, early autumn black 13Jd, outgoing black' 13}d, early winter black 19}d, second winter blacks 21Jd, first winter blacks 26}d, outgoing fawn 42d, winter fawn 74d; hareskins 13d; hair 15d. CLEARING SALE AT ‘‘GREENPARK.” AIR G. R. HERRON’S DISPERSAL. (From Our Correspondent.) The clearing sale conducted by Messrs Wright, Stephenson and Co., Ltd., at ‘‘Greenpark,” Pukerau, the property of Mr G. R. Herron, attracted a very large attendance of farmers and breeders from all parts of Otago and Southland yesterday. A very large number of motor cars were parked in a paddock next to the homestead and the crowd present was estimated at between 500 and 600. Mr Herron, who js one of the best practical farmers in the Eastern District, has devoted a lot of attention to breeding, both in cattle and sheep and his stud, particularly in the Ayrshire lines, is widely known throughout the Dominion. His stock was offered for competition in fine fettle and taken on the whole the prices realized, except for the purebred Ayrshires, were very satisfactory. Mr Herron has sold his Pukerau property and is removing to Balfour, where he has been in possession of a property for some time. He is well and favourably known as one of the keenest believers in herd testing and has achieved a lot for this cause throughout the country. Considering the time of the year, and the state of the financial market the sale must,be considered good, but in many cases, particularly for the purbred Ayrshires, the buyers benefited. A summary of the sales is as follows:— Sheep. 101 2-tooth ewes 21/6 to Southland Frozen Meat and Produce Export C0.;'200 4-tooth ewes to C. Wilkinson and Co.; 80 6-tooth ewes to P. O’Hagen, Pukerau; 120 f. and f. ewes 17/7 to A. Herron, Pukerau; 28 s.m. ewes 14/2 to C. Wilkinson and Co.; 98' f. and f. ewes 11/6 to A. Herron; 52 hoggets 12/6 to Peter Walker, Palmerston. - Stud Sheep. 5 1-shear Romney rams 2Jgns to T. Herron, Kaiwera; 5 do. 2gns same buyer; 1 2- Border Leicester ram and 3 4-shear rams IJgns to Peter Walker; 4 1, 3 and 4-shear rams 10/6 to same buyer; 5 3-shear Romney-Southdown rams lgn to P. O’Hagan, Pukerau; Southdown Romneycross hoggets lgn; 5 Romney ram hoggets 31gns to H. Blaikie, Clinton; 5 do. to Joseph Charles, Arthurton; 5 do. to R. J. Potter, Pukerau; 5 do. to J. Junor, Ferndale; 9 wethers 18/-' to T. Herron; 5 ewe ■ hoggets l}gns to Joseph Charles; 5 ewe hoggets lagns to David McDonald, Balfour; 5 do. IJgns same buyer; 5 do IJgns same buyer; 5 do. IJgns same buyer; 5 3- ewes 2Jgns D. Small, Clydevale; 6 1 .and 2-shear ewes 2Jgns same buyer; 5 4- ewes 2}ggs to D. Coubrough, Kelso; 5 do. 2Jgns D. Small; 5 do. llgns to John Black; 5 do. IJgns io Joseph Charles; 4 do. IJgns'to W. Horborough, Clydevale;-6 1-shear Southdown ram hoggets sgns to A. jHerronj 2 3-shear do. 4 Igos to R,

Pukerau; J? do. 3Jgns to C. Dynes, Pukeraui; 7 Southdown ewe hoggets 4Jgns to Joseph Pullar, Pukerau; 7 2-shear Southdown ewes and lambs 7gns to-H. Day, Otautau; 11 3-shear do. 6}gns to P. O’Hagan, Pukerau; 1 Lshear Southdown ram 4jgns to Joseph Charles; 1 stud Southdown ram (North Island bred), Signs to A. Crossan, Kelso; 13 1-shear Southdown ewes and lambs 61gns to W. A. Bennett, Glenham. Cattle. -Ayrshires.—Cows: Green Park Stylish Daisy 6gns to Co-operative Dairy Co., Dunedin; Green Park Dairy Bess lllgns to J. H. McMath, Balfour; Greenpark Ella Bell lOgns to J. C. Ronald, Wyndham; Greenpark Sylvia 134gns to J. Lightfoot, Tussock Creek; Green Park Lady Blossom 134gns to George Fox, Pinehill; Spring Bank Edna 6Jgns to Peter Walker, Palmerston ; Green Park Tui lOJgns to Co-opera-tive Dairy Co., Dunedin; Green Park Lady Betty 9Agns to C. Weaver, Alexander; Spring Bank Heather iOJgns to J. C. Ronald, Wyndham; .Spring Bank Myrtle 13gns to J. C. Ronald; Spring Bank Florence lOJgns to C. Weaver; Green Park Townie 12Jgns to C. Weaver; Green Park Dot lolgns to J. Lightfoot; Green Park Poppy Signs to C. Weaver; Green Park \oung Bell 13Jgns to P. O’Hagan; Green- Park Virginia llgns to J. 11. McMath; Green Park Evelyn lOJgns to C. Weaver; Green Park Flora Ogns to T. Herron; Green Park Hazelnut 'lOJgns to P. O’Hagan; Green Park Winnie 13gns to J. H. McMath; Green Park Lady Heather 9Jgns to C. Weaver; Green Park Snowdrop 12gns to P. O’Hagan; Green Park Dolly 12Jgns to A. Melville, Outram; Green Park Buttercup 12gns to H. G. Cuthbertson, Paretai; Green Park Twinkle lOJgns to 11. G. Cuthbertson; Green Park Joy Bell lOgns to P. O’Hagan. Heifers.—Green Park Linnet 9Jgns to P. O’Hagan; Green Park Nancy Bell lOgns to Co-operative Dairy Co., Dunedin; Green Park Happy Lass Ogns to C. Weaver; Green Park Helen 7gns to Liddell Bros., Balfour; Green Park Fisie Bell 6gns to Peter Walker; Green Park Butterdotch Sgns to Cooperative Dairy Co., Dunedin; Green Park Elma 4gns to T. Herron; Green Park Patsy 12gns to A. Pullar, Pukerau; Green Park Norma Bgns to C. Weaver; Green Park Golden Bell sgns to T. Herron; Green Park Flora Bell 13Jgns to T. Butson, Longbush; Green Park Silver Lily logns to C. Weaver; Green Park Royal Star 19Jgns to George Fox, Pinehill; Green Park Twilight BJgns to Denis Daly, Ota Creek; Green Park Butterfly lOJgns to Denis Daly; Green Park White Daisy Signs to Peter Walker; Green Park Dairy Maid sJgns to Peter Walker; Green Park Cora 3Jgns to C. Weaver; Green Park Wainui 3Jgns to C. Weaver; Green Park Florrie Signs to C. Weaver; Green Park Evanda Signs to C. Weaver; Green Park Lark Signs to James Mason, Arthurton; Green Park Silver Lady 5-Jgns to J. Lightfoot, Tussock Creek; Green Park Irma 2gns to C. Weaver; Green Park Butternugget 3gns to Peter Walker. Bulls: Green Park Virginia Lad by Green Park Bloom—lvanhoe Virginia 1-year, 4gns to James Mason; Green Park Bloom byGowan Bank Full Bloom—Green Park Fleckie logns to J. James and Sons, Mabel Bush; Green Park Jully Tar by Green Park Bloom—Green Park Mary Signs to Cooperative Dairy Co., Dunedin; Green Park Lindberg by Green Park Sir Roger—Green Park Linda 6Jgns to'A. Marshall, Conical Hills. BURNSIDE MARKET. X SALE IN GROWERS’ FAVOUR, A KEEN DEMAND. (Per United Press Association.) Dunedin, September 3. The Burnside stock sale to-day may be regarded as distinctly in growers’ favour. There was keen demand for most, classes of stock with some encouraging advances in price. The fat sheep entry numbered about 2,200 head, comprising some pens of extra prime wethers, a proportion of good heavyewes and a large showing of fair to medium sorts. There was little or no change in prices for wether mutton and heavy ewes were, if anything, slightly easier than was the case at last sale. Handy-weight ewes were in good demand and were about 1/per head dearer. An attractive line of Kelso wethers brought as much as 42/6 per head and several other trucks of 'extra prime wethers made from 35/- to 40/-. Prime sorts were worth from 31/- to 33/-, medium from 26/- to 29/- and light from 19/6. to 24/-. Extra heavy prime ewes made up to 30/-, heavy from 24/- t0.26/-, and medium from 20/- to 24/-. There was a small entry of prime hoggets which attracted some attention and made up to 28/- for the best of them. The big.,entry consisted of 37 fats and 60 stores which sold under keen competition. Baconers were worth up to lOd per pound and porkers were easily sold at from lid per lb to 11 Ad. The total number of fat cattle forward was 237. The yarding included some exceptionally fine lines from the south, the top price for which was £2B 5/-, but there was a heavy percentage of light and medium bullocks and heifers. The sale opened with values 10/- to 15/- above those ruling last week. Little variation in values occurred throughout the sale. A small yarding of mixed quality store cattle, was forward, entries selling on a par with recent sales. ADDINGTON MARKETS. SHORT ENTRIES IN PRINCIPAL SECTIONS. RISE IN BEEF VALUES. Christchurch, September 2. The weekly metropolitan market at Addington to-day was the second in succession at which there has been short entries in each of the principal sections of the market and it was also noteworthy for a further substantial rise in the value of beef, for all classes of which prices improved by a full £1 a head. There was also a further rise in mutton values. ■* In the fat cattle section there was only one line of North Island cattle forward, a total of 51 head from the Palmerston North district, but the yarding was also supplemented by lines from the West Coast and Otago. The quality was outstanding, this fact, together with the fact that the entry was scarcely sufficient to meet butchers’ requirements for one week, made for very keen competition. The quality of the store sheep entry was also the best that has been seen during the slack season. It included a big proportion of yourig useful ewes. The sale was a very good one throughout. There was a firmer tone in evidence and buyers w’ere more inclined to exceed their limits. The entry of fat sheep was smaller than that at last week’s market and was below the total required to meet requirements. Consequently on top of the sharp rise in values recorded last week there was a further firming yesterday which amounted to 1/- to 2/- a head over all. The sale opened a little in advance of last week’s rates, firmed as the sale advanced and closed very firm at rates well above those ruling at last sale. The small entry of spring lambs sold very well. Store Sheep: The entry of store 1 sheep was 1,300, slightly larger than that at the last sale which was the smallest recorded for the slack season. Values were: Extra good two-tooth Corriedale ewes to 31/6, good two-tooth three-quarterbred ewes to 26/6, good two-tooth halfbred ewes 24/- to 25/6, medium two and four-tooth halfbred ewes to 22/4, good six and eight-tooth halfbred ewes 23/8 to 24/9, ordinary sixtooth halfbred ewes to 18/-, sound-mouthed halfbred ewes to 14/9; failing-mouthed halfbred ewes to 9/-, medium six and 8-tooth three-quarterbred ewes to 18/-, extra good s.m. Romney crossbred ewee to 24/-, good ewe hoggets to 20/9, medium ewe hoggets to 17/7. wether hoggets 13/to 14/10, good 6-tooth halfbred wethers to 1 21/-. 1; Spring Lambs: There were 21 head of spring lambs entered and their sale was a particularly keen, one, Top price fog one

lamb was 38/7 and average price per pound was 1/3.

Fat Sheep: There was an entry of 3,750, slightly less than that of last week and much below the total sufficient to meet requirements. Values were: Extra pripie wethers to 40/10, prime wethers 31/6 to 35/6, medium wethers 26/6 to, 30/6, light wethers 22/- to 25/6, extra prune ewes to 33/7, prime ewes 24/- to 28/-, medium ewes 29/- to 23/-, light ewes 16/6 to 19/-, aged and inferior 13/6 to 16/-, extra prime hoggets to 31/4, prime hoggets 26?6 to 29/-, medium hoggets 22/- to 25/6, light hoggets 17/6 to 21/-. / Fat Cattle: There was again a very short entry of fat cattle, the total yarded being 350 head as compared with 398 head at last week’s market. There was one line forward from the North Island and others from the West Coast ahd Otago. The best handy-weight steer, heifer and cow beef made from 46/- to 50/- per 1001 b, and in the case of some odd beasts a little above that figure. Best heavy weight steer beef realized from 41/- to 45/-, medium quality 37/6 to 40/-, best cow beef 38/6 to 41/-, secondary to 38/- and rough down to 31/per lOOlbs. Values were: Extra prime heavy steers to £25 2/6; prime heavy steers £l9 10/- to £22, prime medium weight steers £l6 to £l9, medium quality steers £l2 10/- to £l5, light steers £9 10/- to £l2, show heifers to £2l 2/6, extra prime heifers to £l9 12/6, prime heifers £l4 to £l6 10/-, medium heifers £ll 10/- to £l3, light heifers £8 to £lO 10/-, extra prime rows to £l7 12/6, prime cows £l3 to £l5 10/-, medium cows £lO 15/- to £l2, light and aged cows £7 to £lO.

Vealers: There was a small entry of vealers, the quality being poor. All sorts showing quality sold well at an advance of 5/- a head on last week’s rates. Top price was £lO 3/6. Store Cattle: The offering of store cattle was of medium size and there were few attractive lines forward. Inquiry was satisfactory throughout and prices showed little change. Eighteen months to two-year-old Shorthorn steers made up to £7 15/-, 12 to 18-months Hereford cross steers to £6 6/-, yearling calves to £3 7/6, fresh cows to £7 and bulls to £5.

Dairy Cattle; There was little outstanding about the dairy cattle offering, quality on the whole being indifferent. The rates showed some improvement on those ruling last week. Values were; Good second and third calvers £lO to £l2, medium sorts £8 to £9 10/9, aged and inferior sorts £4 to £7, godd heifers £lO to £ll 15/-, medium sorts £9 to £lO, others £7 5/- to £S 15/-. Fat Pigs: The yardings of baconers and porkers were on the small side. The demand for baconers was keen and they sold at. an advance on last week’s rates. Prices for porkers showed little change, but choppers were a shade easier. Values were: Porkers 42/6 to 60/-, heavy porkers 61/6 to 74/6, average price a lb 9hl to lOJd, choppers 65/- to £6 6/-, baconers £3 17/6 to £4 14/6,' heavy baconers to £5 6/6, average price a lb 71d to Sd. Store Pigs: There was'a large yarding of store pigs, the total being 290. Weancrs met with strong competition and sold well at late rates. Large stores were also in good demand. Values were: Large stores 40/- to 47/6, medium stores 35/- to 38/6, small stores 30/- to 34/6, slips 28/- to 29/6, weaners 23/.- to 27/6, inferior weaners 12/6 to 21/-. LONDON TALLOW SALES. Messrs Dalgety and Company, Limited, report having received the following advice from their head office, London, under date* of September 2: Tallow market steady and unchanged. The next sale will take place on the 10th instant provided there are sufficient stocks. FOREIGN EXCHANGES. (British Official Wireless.) Rugby, September 2. The exchange rates on London are as follows, those cabled previously being given

SILVER QUOTATIONS. (British Official Wireless.) Rugby, September 2. The price of silver is quoted as follows: Spot and forward 16Jd per ounce. . PRICE OF GOLD. London, September 2. The price of gold is quoted at £4 5/04 per ounce.

for purposes of comparison:— Paris, fr to £1 Aug. 26. Sept. 2. 123.775 123.755 Brussels, belgas to £1 34.825 34.84 Oslo, kr to £1 . . .. 18.17 18.165 Stockholm,- kr to £1 .. 18.11 18.105 Copenhagen, kr to £1 Berlin, rchmkn to £1 18.165 18.165 20.39 20.39 New York, dol. to £1 4.87} 4.86 23-32 Montreal, dol. to £1 4.861 4.86 Yokohama, p to ven . . 24 23-64 24} Hong Kong, p to dol. 15.1 15 13-16 Calcutta, p. to rupee 17 13-16 17 13-16 Batavia, gldr to £1 .. Rome, lire to £1 .. .. 12.09 12.09 82.68 82.68 Prague, kr to £1 .. .. 164} 164 1-16 Amsterdam, gldr to £1 12.085 12.081 Geneva, fr to £1 .. .. 25.05 25.04 Milan, lire to £1 .. .. 92.975 92.955 Vienna, schlgs to £1 .. 34.455 34.435 Helsingfors, inks to £1 193 15-32 193 5-16 Madrid, pes. to £1 .. 45.05 45.95 ’ Lisbon, esc. to £1 .. 108} 108} Athens, -drach to £1 .. 375 Bucharest, lei to £1 .. 18.161 18.15 Rio de Janeiro, pence to milreis 4 11-16 4 11-16 Buenos Aires, p to dol 40 9-16 39} Shanghai, p. to tael .. 18} 18} Bombay, p. to rupee 17} 171