COMMERCIAL

Southland Times, Issue 21264, 10 December 1930, Page 3

COMMERCIAL

McNAB STOCK SALE.

SALES HARD TO EFFECT.

Ideal weather prevailed for the fortnightly stock sale held in the McNab yards yesterday before a small attendance of buyers.. The sheep section was confined to about equal pennings of fats and stores, which were difficult to'quit, .buyers being prepared to operate only where values were in their favour. Vendors for', the most part were decidedly reluctant to accept the prices offering, anti several lines were held over for private treaty. Ewes and wethers, in and out of the wool, were submitted to butchers in the fat classes. Values offering were on a par with late markets, and without exception the entry was quitted under the hammer. Shorn fat .wethers realized from 18/- to 20/3, and shorn ewes from 6/- to 14/6. One exceptional line in the wool brought in by Mr.Janies Cunningham, Benio, and vended by Messrs Henderson, Reid, Ltd., changed hands at 23/9. ■ .. Ewes and lambs and a single line of ewe lambs represented-the store entry, but buyers evinced only .casual interest. Vendors could not be persuade,d to accept buyers' ideas of values, and-in one instance only was a sale effected, a line of. ewes and laihbs changing hands at 6/9. Practically a full yarding of cattle was forward, stores being chiefly represented. Butchers’ requirements were apparently filled from other sources and the moderate entry of fat bullocks failed to reach vendors' reserves. A fat cow .was disposed of at £8 2/6 and a fat heifer at £5 10/-. Yearling steers, dairy' cows and bulls occupying the store pens, but with an evident slackening in the inquiry, few lines attracted buyers. Bulls were mainly sought after and changed hands at from £3 12/6 to £6 15/-. The following were the sales:— Wright, Stephenson and Co.; Ltd.: 26 fat wethers (shorn) 18/-, 32 ewes and 32 lambs 6/9.' Passed in: 10 yearling steers 35/-, bull £2 10/-. J. E. Watson and -Co., 'Ltd.: > Five fat ewes (shorn) 6/-. Passed in: 39 ewes and 39 lambs 4/-. .National Mortgage and Agency. Co., Ltd.: 15 ■ store ’ ewes 6/-. Passed in: 60 ewe hoggets 17/2. New ■ Zealand Loan and Mercantile Agency Co., Ltd.: Bulls £4 and £6 15/-, dairy cow and heifer £5 7/6. Southland Farmers’ Co-operative Association, Ltd.: 25 fat ewes (shorn), 15/-, 6 fat wethers 20/3, 3 fat ewes 14/6, fat heifer £5 10/-, fat cow £8 2/6, steer £3 10/-, store cow £4 7/6, dairy' cow £9, bulls £3 12/6, £6 5/- and £5 10/-. Passed in: 7 fat bullocks £9 10/-, 3 store steers £5, empty heifer £2, empty cow £4. empty heifer £2, empty' cow £4, empty heifer £4 10/-, 8 yearling steers £2, 5 yearling heifers 35/-, dairy cow £6. Henderson, Reid, Ltd.: 32 fat ewes 23/9. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. Auckland, December 9. Sales on ’Change: Commercial Bank of ’ Australia 15/10; English, Scottish and Aus- 1 tralian Bank £4 19/-; Auckland Gas 23/3; British Tobacco 30/-.; Robinson Ice Cream 22/-; Waihi Mining 14/1. Wellington, December 9. Sales reported: Bank of New Zealand £2 10/11 (ex div.) ; Auckland Gas Company £1 3/3 and £1 3/2; New Zealand Insurance Co.' £2 1/6; New Zealand Refrigerating Co. (10/-' £2; National Bank of New Zealand £5 5/* (cum. div.). Christchurch, December 9. Sales on ’Change: Commercial Bank of Australia 15/10 (4); Bank of New Zealand 50/9; Goldsbrough Mort 19/5; British Tobacco. 30/- (2), 30/1 (3), 30/- (5), 29/10; Mount Lyell (cum. div.) 19/11, 20/-. Sales reported: Bank of Australasia £9 15/6; Commercial Bank of Australia 15/10; National Bank of New'- Zealand (cum. div.) £5 .5/-; New Zealand Refrigerating (10/- paid) 2/-. Dunedin, Deceihber 9. Sale reported: Bank of New Zealand 50/6. AUCKLAND STOCK EXCHANGE. ANNUAL. MEETING. Auckland, December 9. Addressing the annual meeting of the Auckland Stock Exchange, .Mr C. G. Creagh, the chairman, said that there could be little doubt that in a few years, probably sooner than many people anticipated, Australia, if governed wisely, would overcome her difficulties and enter upon a new era of prosperity. As for New Zealand, the stock exchange business had been better than in many previous years and in spite of adverse influences and uncertainty the turnover had been considerable and he believed many investors would have reason : later on to regard 1930 as their lucky year. They could look forward with confidence for, although the Dominion had : been called upon to put their house in order, there could be no doubting her recuperative power. He considered a tribute was due to the Governor-General (Lord Bledisloe), for his cheery optimism, which was based on sound commonsense. LONDON WOOL SALES. London, December 8. At the wool sales 9,432 bales of wool were offered, including 1,410 bales from New Zealand. About 8,096 bales were sold. There was . a good ■ offering of greasy Merino clip wools. Scoureds were mostly medium faulties, while there was a limited supply of crossbreds. A strong market prevailed at late ■ rates. New Zealand: Te Hora 7d and 6<d. LONDON TALLOW MARKET. London, December S. Tallow: Stocks 1,463 tons, imports 621 tons, deliveries 691 tons. ' ' LONDON WHEAT MARKET. London, December S. Wheat: Cargoes dull and . unchanged. Parcels 3d down. Futures: London 22/8, February 22/1; Liverpool, December 4/10, March 5/Oy, May 5/2j. DAIRY PRODUCE MARKET. . Messrs Henderson and Company, Limited, have received the following telegram from their London principals, Messrs Trengrouse and Nathan, Ltd.:— Butter: 107/-, 108/-. Firm. White cheese 62/-, coloured 59/6. Steady.