COMMERCIAL

Southland Times, Issue 23990, 4 December 1939, Page 2

COMMERCIAL

DOMINION BONDS SOUND SURVEY OF STOCK EXCHANGE (Received December 3, 6.30 p.m.) LONDON, December 2. Comprehensively surveying the stock markets since the start of the war, The Investors’ Chronicle says the Stock Exchange so far has at least convinced the Government to win the war against inflation and also raise loans on its own terms. Gilt-edged securities have returned to June levels and Dominion and colonial bonds are even better. Investors appear to expect that gas and electricities will be most severely hit by the war. Newspapers and motors reveal similar fears. Groups concerning whicn the market is in two minds, are provisions, aviations, iron and steel and shipping. Investors at first favoured shipping but it is now clear that the last war s profits cannot be repeated because of inadequate freight rates. Aviations are affected by the fear of the profits tax and the possibility of a short war. The sluggishness of iron and steel is somewhat surprising; they appear to be under-valued. Movement in the chemical index hardly reflects the industry’s vital part in the war. Coal in the same way does not discount bright prospects. Silk is the strongest among the textiles. The cotton and wool indexes are likely to be substantially higher soon. Commodities and land companies provide fireworks with the exception of copper, lead, zinc and oils. The index of tin is the highest since the end of 1937 and rubber is the highest since October 1937. Lands are quieter but promising. WYNDHAM STOCK SALE LARGE YARDING OF FAT AND STORE CATTLE

There was a medium yarding of both fat and store sheep at the Wyndham stock sale and a large yarding of both fat and store cattle. The attendance was good, both Wyndham and outside buyers being interested. The fat sheep sale opened quietly and prices were a little lower than recent values. Fat wethers in wool realized from 33/- to 39/- and shorn 26/- to 28/6. Fat ewes in w'ool realized 23/- to 28/- and shorn 17/- to 22/-. Stores were sold under splendid competition and prices showed a slight increase. Ewes and lambs made from 14/— to 18/- according to quality of ewe and lamb. There was several pens of two tooth wethers and these made from 17/- to 21/-. f H In the cattle pens fats were well represented but showed a drop of from 30/— a head according to quality. Best bullocks made £l6, with lighter down to £l2/10/-, while the best fat cows realizedf/from £7 to £ll/10/-. The store section was well filled, there being several pens of outstanding bul-, locks and cows. Goad average store cows brought from £4 to £5/10/-, with a special line realizing £6/10/-. Store steers made from £6/15/- to £ll according to age and breeding. There was only a small entry of dairy cows, but any good sorts were keenly competed for and realized from £7 to £l3. A few bulls of medium class brought up to £lO. A few pigs yarded were keenly competed for at from 25/— to 40/- according to size. The National Mortgage and Agency Co., Ltd., sold.—Eleven fat ewes at 18/3, 20 at 18/3, 10 at 21/6, 8 at 20/-, 7 at 19/9, 4 at 19/3, 4 at 20/9, 7 fat shorn wethers at 27/3, 60 ewes and lambs at 15/-, 49 wethers at 18/3, 14 at 18/6, 15 at 16/-. Four fat cows and heifers at £lO/17/6, 4 at £lO, £lO/7/6, £9/5/-, £9/12/6, down to £B, store cows at £4/5/- to £5/10/-, 7 yearlings at £4, 5 2-year steers at £5/19/-, 5 at £6/17/6,17 at £6/12/-, 11 3-year steers at £9/17/6, dairy cows at £lO, £ll/5/-, and £l4, bulls at £5/7/6 to £ll/11/-. ~ ... Dalgetv and Co., Ltd., sold.—Nine wethers at 34/-, 9 at 33/-, 14 at 28/6, 2 at 28/9, 9 at 25/6, 8 ewes at 23/9, 7 at 28/-, 8 at 23/3, 10 at 29/6, 14 at 16/-, 34 at 25/9, 1 at 11/6; 7 ewes and 1 ram at 9/3, 31 ewes and lambs at 14/6, 111 at 14/10, 34 wether hoggets at 18/-, 81 at 17/-, 1 wether and 2 ewes at 13/-, 51 wether hoggets at 22/-; 1 steer at £l2/5/-, 1 at £l2, 1 cow at £B/5/-, 1 steer at £lO/10/-, 1 at £ll/7/6, 1 cow at £3/12/6, 2 heifers at £9/17/6, 2 at £B/10/-, 1 at £7/10/-, 1 at £5/15/-, 1 cow at £4, 1 at £9, 1 at £B/7/6, 1 at £7/15/-, 1 at £7, 1 at £lO/10/-, 1 at £9/15/-, 1 at £5/7/6, 1 at £3, 1 at £5/17/6, 1 at £6/7/6, 1 at £7/15/-, 1 at £6/5/-, 1 at £4/15/-, lat £6/15/-, lat £6/12/6,1 at £5/7/6,1 at £7,1 at £4/9/-; 12 steers at £lO/2/6, 1 cow at £3/17/6, 7 steers at £ll, 1 cow at £2, 1 at £l/10/-; 1 dairy heifer at £lO/10/-, 1 at £l3, 1 at £B/15/-, 1 at £lO/15/-, 1 at £7/15/-, 1 at £9/12/6, 1 at £lO/5/-; 1 bull at £7, 1 at £B, 1 at £5/10/-, 1 at £6, 1 at £5, 1 at £6, 1 at £6/6/-. Henderson and Co., Ltd., sold.—Six fat wethers at 36/-, 4 at 29/-, 5 fat ewes at 21/9, 8 at 20/-, 22 at 17/-; 2 fat heifers at £ll/10/-, 1 at £ll/5/-, 1 at £ll/2/6, 1 at £lO/17/6, 1 at £lO/10/-, 1 at £9/5/-, 1 at £B/15/-, 1 at £B, 1 at £7/17/6, 1 at £7/10/-, 1 at £7, 1 at £6/7/6, 1 at £6, 1 at £5/17/6, 1 at £5/15/-, 1 at £5/17/6, 4 at £5/10/-, 2 store cows at £5, 4'dairy heifers at £7, 1 dairy cow at £ll/5/-, 1 at £ll, 2 fat bullocks at £l3, 1 at £ll/10/-, 1 bull at £B/5/-. Wright, Stephenson and Co., Ltd., so ld—One wether at 32/3, 1 fat ewe at 27/-, 2 at 24/6, 9 at 23/-, 8 at 22/6, 15 at 22/-, 3 at 21/6, 11 hoggets at 21/-, 2 at 28/-, 58 ewes and lambs at 18/2 all counted, 1 fat cow at £ll,l at £9/10/-, 1 at £B/15/-, 2 at £B, 1 at £7/15/-, 1 at £7/10/-, 1 at £7, 2 at £6/10/-, 1 at £6/2/6, 2 at £5/17/6, 2 at £5/10/-, 10 speyed cows at £7, 1 store cow at £4/17/6, 1 at £4/10/-, 1 at £4, 1 at £2, 3 store pigs at £l/19/6, 1 at £2/1/-.

THE RIALTO William Todd and Company Ltd. report the following sales for the week ended Saturday: pigs,—Suckers 18/- to £l/1/6, weaners £l/3/- to £l/16/-, small stores £l/8/6 to £l/16/-, porkers £2/0/6 to £3. Poultry.—Hens 1/5 to 2/7, heavy breeds 2/8 to 3/5, ducks 2/10 to 4/-, hens and chicks 3/9 to 15/-, turkey hen 5/-. Produce. —Table potatoes (old) are practically finished. New (North Island) 3Jd to 4d lb; local 6d per lb. Onions to arrive. Chaff £4 to £4/10/-, oats 11/- to 13/6, crushed oats 9/6, barley 16/-, wheat 18/- to 21/-, ryecorn 7/6 bushel, pollard 9/6, bran 7/6, Farra food 16/6, meat meal 11/-, rock salt 8/6, molasses 14/6, bone flour 14/6, sorrell 2/6, Moose meal 20/-, Moose nuts 19/6, oyster shell grit 6/- cwt. Miscellaneous.—Barbed wire 35/-, No. 8 galvanized 30/6, rabbit netting 29/-, fowl netting 19/-, tanks £2/12/6, pumice boilers £B/5/-, concrete washtubs 55/-, wheelbarrows 35/-, meat safes 35/-, timber 16/- to 18/- 100 ft, drop-

pers 18/-, stakes 40/-, totara posts £lO, strainers 12/6, military saddles £4/15/-, bridles 15/-, horse covers 27/6, cow covers 9/6, hames 10/6, cement 6/8. Vegetables.—Plentiful supplies. Cabbage 2/- to 3/-, lettuce 1/6 to 2/-, silver beet 4/-, spinach 2/- dozen, rhubarb l|d to 2d, gooseberries 2d lb. Grass Seeds.—White clover lOd to 1/3, cowgrass 1/2, dogstail 9d, Timothy 9d, cocksfoot 8d to 1/3, Lotus Major 2/-, red clover 1/3, perennial ryegrass 4/6 to 7/- bushel, mixtures 3Adper lb. MINING ARGO DREDGE (United Press Association) GREYMOUTH, December 2. The Argo Dredge return was 320 z for 132 hours and 13,500 yards.