COMMERCIAL

Southland Times, Issue 21649, 10 March 1932, Page 2

COMMERCIAL

STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At yesterday’s call-over on the Invercargill Stock Exchange, the following prices were quoted: — Banks. Commercial: b 13/9; b 14/1. National of Australsia (cont.)z b £4 15/-; s £5. National of New Zealand: b 67/-; s ■7O/-. New South Wales: s £25. New Zealand: b 42/-;. s 43/-; (long “D” issue): s 26/9. Union of Australia: s £7. Breweries. New Zealand Breweries (shares) : b 22/3; s 24/-. Tooth’s: b 22/-; b 23/-, Coal. Westport: s 20/6. Kaitangata: b 3/- (dis.). Insurance. National: s 12/10. New Zealand: s 37/-. South British: b 47/6; s uO/6. Standard: b 37/6; s 41/-. Loan and Agency. Goldsbrough, Mort and Co.: b 21/-. Wright, Stephenson and Co. (ord.) : s 15/-; (pref.): s 16/-. Meat Companies. New- Zealand Refrigerating (10/- paid): b 3/5; s 3/7. Southland Frozen Meat (£1 ord.): b 37/-; (10/- ord.): b 18/6; (£1 pref.): b 37/-. Mining. Electrolytic Zinc (ord.): b 13/-; s 15/-; (pref.): b 19/6; s 21/-. Kildare: b 1/5. King Solomon: s 1/8. Mount Lyell: b 19/5; s 19/10. Okarito: b 9/3; s 9/9. Waihi: b 15/6. Golden Terrace: s 6/-. Woollen Mills. Kaiapoi (ord.): s 6/6. Miscellaneous. Colonial Sugar Co.: s £39 10/-. D.1.C.: b 12/-. Dominion Rubber Co.: s 9/-. Milburn Lime and Cement: s 28/-. New Zealand Drug: b 46/-. New Zealand Farmers’ Fertilizers: b 12/3. New Zealand Paper Mills: s 19/-. Union Steam Ship Co. (pref.) : s 20/3. Debentures. Government Inscribed Stock, 44 per cent. 1938: s £94. Government War Bonds, 4J per cent, 1938: s £94. Government Inscribed Stock, 44 per cent. 1939: s £94. Government War Bonds, 44 per cent, 1939: s £94. Government Stock, 54 per cent, 1937: s £9B 5/-. Sale Reported. The following sale was reported:—l937 Bonds, 51 per cent, at £9B 5/-. NORTHERN EXCHANGES. (Per United Press Association.) Auckland, March 9. Sales on ’Change: Inscribed Stock (1937) 51 per cent. £97 15/-; Commercial Bank of Australia 14/-, 13/11; Bank of New Zealand 42/6; Union Bank £6 15/-; Auckland Gas 21/9; Mount Lyell 19/10; Golden Dawn 9/-. Christchurch, March 9. Sales on ’Change: New Zealand Government 51 per cent. Bonds (1937) £9B

7/6, £9B 10/-, £9B 2/6; Commercial Bank of Australia 13/6; Goldsbrough Mort 21/10, 21/11; New Zealand Refrigerating (10/paid) 3/5; Golden Dawn 2/- (3); Golden Point 74d; Mahakipawa 2d; Okarito 9/3, 9/2} (2), 9/2, 9/24. Sales reported: New Zealand Government 54 per cent. Inscribed (1937) £97 10/(2). HUNTER & REIDDALGETY’S BUILDINGS, DON STREET, INVERCARGILL. PUBLIC ACCOUNTANT’S, AUDITORS, SECRETARIES, AND SHAREBROKERS. J. B. REID, F.P.A., N.Z. Member Invercargill Stock Exchange. Telegraphic Address: “Foxhound.” Telephone: 212. Ax 1043 ADDINGTON STOCK SALE. Christchurch, March 9. Normal entries were forward at to-day s Addington market except in the store sheep section in which there was a big increase. Store Sheep: The entry was about double that of any previous store sheep yarding this season. Store lambs met with a free sale on the previous week’s values. Ewes showed very little difference and the country ewe fair rates were not maintained. Rape lambs 10/- to 11/9, medium rape 8/to 9/6, ordinary 6/- to 7/9, backward 4/to 5/-, medium ewe lambs 7/6 to 9/-, extra good two-tooth three-quarterbred ewes to 20/-, good two-tooth halfbred ewes 15/- to 16/3, medium two-tooth halfbred ewes 13/- to 14/6, ordinary two-tooth halfbred ewes to 12/6, extra good four-year crossbred ewes to 15/5, extra good fouryear Corriedale to 14/3, medium four and six-tooth crossbred ewes 12/3 to 13/9, good 6 and 8-tooth crossbred ewes 12/6 to 14/6, medium halfbred ewes 9/6 to 11/6, good s.m. ewes 10/- to 12/9, average s.m. ewes 7/6 to 9/6, aged and inferior ewes 3/- to 5/-.

Fat Lambs. —2500 were forward. Butchers secured the bulk for local needs, only one export firm operating. Extra prime to 20/1, prime 17/- to 18/6, medium 13/- to 16/6, light 10/- to 12/6. Fat Cattle.-—An entry of 312 head. Heavy cattle sold about the same, but lighter sorts were better by 10/- to 15/-. Best beef made up to 27/- per 1001 b, good 21/- to 24/-, medium and heavy 18/- to 21/-, inferior 12/- to 16/-, extra prime heavy steers to £l3 12/6, prime heavy £9 10/- to £ll 5/-, prime medium weight. £7 to £9 10/-, medium quality £5 to £6, light to £4 15/-, extra prime heifers to £lO 7/6, prime £7 to £9, medium,£s to £6 15/-, light to £4 15/-, extra prime ?ows to £lO 7/6, prime £6 5/- to £B, medium £1 10/to £6, light to £4 5/-. Fat Sheep.—Another small entry and a further advance in prices by 1/6 to 2/for wethers and to 2/6 for ewes. Butchers secured the bulk for the week’s needs, their prices being above export rates. Show wethers 28/-, ex prime heavy wethers 22/6 to 24/4,- prime heavy 20/6 to 22/-, medium weight prime 18/- to 20/-, ordinary 15/to 17/6, light 11/- to 14/-, extra prime ewes 20/- to 24/7, prime 16/6 to 19/-, prime medium weight 14/- to 16/-, ordinary 12/- to 13/6, light 8/- to 11/6. Fat Pigs.—A medium entry met with a fair demand. Prices were much the same as last week. Choppers 37/6 to £4 3/6, baconers 36/6 to 42/6, heavy baconers 45/6 to 50/-, extra heavy 52/6 to 59/6, average price per lb 34d to 4}d; porkers 27/6 to 30/-; heavy porkers 32/6 to 34/6; average price per lb 5d to 6}d. Wellington, March 9.

Sales reported: Union Steam (pref.) £1 (late Tuesday) ; Woolworth’s (pref, rights) 3/3 (late Tuesday) ; Wellington Gas Co. (o'rd.) £1 6/6; Bank of New South Wales £25; Okarito Gold Mining 9/4; reported and on ’Change (2) ; Commercial Bank of New Zealand £3 7/6.

BURNSIDE STOCK SALE. SHEEP SHOW INCREASED PRICES. Dunedin, March 9.' Sheep were sold at increased values at the Burnside sales to-day but prices for fat cattle were considerably easier. The lamb sale was very buoyant, due mainly to the operations of export buyers who were present in large numbers. Included in the yarding of 300 fat cattle was a consignment of choice bullocks and a few pens of heavy animals. Cows and heifers formed the bulk of the yarding and heavy cows were cheaper by 20/- a head. Heifers sold at prices on a par with those ruling at the previous sale. Heavy bullocks 'were 20/- and light bullocks 15/- a head cheaper. One line of prime bullocks sold at £l3 7/6, which was top price. Several pens sold from £ll 10/- to £l2 10/-. Prime light-weights were worth from £S to £9 10/-. Heifers brought from £6 to £7 10/-, cows to £6. Prime ox beef sold on a basis of about. 25/- per 1001 b, plain 23/6, prime light-weight 27/6, cows and heifers from IS/- to 25/-. Nearly 1800 fat sheep were offered. Wethers were in very short supply and no prime sorts were forward There were several pens of prime ewes, but the greater part of the yarding consisted of aged light ewes. Owing to the small entry of prime sheep, the sale opened on a line of ewes which sold at an advance of 2/6 a head on last week’s prices, while light sorts were disposed of at o.n average rise of 1/6 a head. As the sale progressed prices were higher and in the last stage heavy sheep were about 4/- dearer and light-weights about 3/- as compared with the rates obtained at last week’s sale. Values were about equal to 3rd per lb for wethers, and 2 : }d per lb for prime ewes. Heavy wethers sold from 17/9 to 20/-, medium 14/- to 16/9, light 11/- to 13/3, extra heavy ewes 14/6, heavy 11/6 to 13/3, medium 9/9 to 10/3, light 6/6 to 8/9. More than 1000 lambs were forward. The yarding was of good quality generally. Heavy lambs sold to z lB/6, prime 16/-, medium 14/-. The quality of the store cattle entry was not of the best. Several pens of young steers sold from £3 15/- to £4 5/-. Cows found buyers from £1 10/- to £3. In the pig section, 82 fats and 107 stores were offered at prices similar to those obtained at the last sale. Good bacon pigs sold to £3 5/- and porkers to £2 2/-. Porkers were worth about old, and baconers about 4Jd per lb. DUNEDIN MARKETS. Messrs Donald Reid and Company, Ltd., Dunedin, report as under: — Wheat: Samples are now arriving from Central Otago and the quality appears to be quite satisfactory. The yield however will not be as large as was expected. It is now apparent that prices will not be increased and bookings are being made at fixed dates, viz.: 4/84, 4/10-J, 5/04, per bushel f.o.b. for Tuscan, Hunter’s and Velvet, respectively. Fowl wheat is in short supply in the local stores but merchants are procuring small quantities from Canterbury. Up to 5/- ex store is being offered for good quality lines. Oats: Merchants are inquiring for samples and the market has every appearance of opening firm. The crops are reported to be looking well, but there will probably be fewer oats available this year than has been the case for several years. Another factor is that there is no carry-over this year. Two shillings and sixpence per bushel on trucks, is obtainable for A grade Gartons at stations up to 50 miles from this centre. The equivalent for B grade is 2/3 and sacks are extra in all cases. Chaff: Consignments are now few and far between, but.on the other hand inquiries can be placed under the same heading. The horse is slowly getting ousted from the cities. Best oaten sheaf is worth up to £4 10/- ex truck, and £5 is being obtained for the same quality ex store. Other qualities are practically unsaleable. Potatoes: The market up north is quite firm, but local merchants are not anxious to book forward. Potatoes arriving from the Taieri are of exceptional quality and altogether appearances point to a good year for the grower. Lots coming forward