COMMERCIAL

Taranaki Daily News, 19 May 1928, Page 7

COMMERCIAL

NEW ZEALAND SHAREMARKETS. By Telejraph.—Press Association. Wellington, May 18. Reported sales: National Bank ol Australasia (£5 shares), £9 3s Cd; Wellington Trust, Loan and Investment Co., £6 17s 6d. Christchurch, May 18. Saies on Exchange: Commercial Bank of Australia, 28s lOd; Goldsbrough, Mort, and Co., 51s (four parcels); New Zealand Refrigerating Co. (10s paid). 8s 4d (five parcels); Christchurch Gas (10s paid), Ils sd; Meson, Struthers and Co, (10s paid), Os 6d, New Zealand Guarantee Corporatioii, 8s 7d; Mahakipawa, Is 7d. Auckland, Last Night.—Sharemarket gales: War Bonds, 1932, 5i per cent., £9B 10s; Auckland Gas, 1935, GJ per cent., £103; Commercial Bank of Australia, 28s 9d; Bank of New South Wales, £4B 7s Gd; Auckland Gas shares, 23s 7d; Wellington Woollen, £6 4s 9d; N.Z. Refrigerating (con.), 8s 4d; N.Z. Farmers’ Fertiliser, 945; Sanford (pref.) 20s 3d; Moanatiari (fully paid), Is Gd. ADDINGTON ST ICK SALES. Christchurch, May IG. Heavy entries were the rule to-day in all fat sections of stock at Addington. ,The store sheep entries were fewer, the season for breeding ewes now being far advanced, while only forward lambs have a chance of being turned off feed for freezing. Store Sheep.—A small entry, good ewe lines being very scarce. There was an easier tendency over the earlier stages for this class, and also backward lambs, but -good ewes and wethers sold firmly. Ordinary halfbred ewe lambs made 25s 6d to 27s Gd, ordinary thi ee-quarter-bred ewe lambs 24s to 265, inferior three-quarter-bred ewe lambs 20s to 22s 6d, rape iambs 25s to 26e 9d, backward lambs 20s to 235, cull lambs 16s to 18s 6d, extra good two-tooth halfbred ewes, to 40s; ordinary two, four, six and eighttooth halfbred ewes, 26s to 27s 9d; inferior two. four, six and eight-tooth halfbred ewes, 24s to 25e 9d; extra good four, six and eight-tooth crossbred ewes, to 34s lid; good four, six and eighttooth crossbred ewes, 29s 6d to 325; ordinary four, six and eight-tooth crossbred ewes, 25s Gd to "0s; aged ewes, 17s to 225; good four, six and eighttooth half bred wethers, 29s to 31s 3d; ordinary four, six and eight-tooth half bred wethers, 26s to 28s Cd; backward four, six and eight-tooth half-bred wethers, 24s to 255; inferior wethers to 21s. Fat Lambs. —A good entry of 330 head, and a keen sale at the improved schedule, nearly a shilling a pound being recorded for specially good sorts. Extra prime sorts made 38s to 41 s 7d; prime, 33s to 365; medium, 30s to 32s 6d; light, 26s Gd to 29s Gd; store lambs, 23s to 255. Fat Sheep.—A heavy entry. Last week’s rates were well maintained, the export trade competing briskly. Extra prime wethers made to 42s lOd; prime wethers, 35s to 38s; medium wethers, 31s 5d to 34s Gd; light wethers, 26s to 80s; extra prime ewes, to 36s lOd; prime ewes, 28s to 32s 6d; ordinary ewes, 24s to 275; light ewes, 20s to 23s Gd; poor conditioned, aged ewes, I6s to 19s. Fat Cattle. —An entry of 540 head, which, following on three or four yardings of over this number, more than Supplied butchers’ requirements. However, ft was a good sound sale for quality beef, though an over supply of cow beef was inclined to sell easier. Choicest beef made to 38s 6d per 1001 b; good prime, 35s Gd to 37s 6d; medium, 32s Gd to 355; heavy-weight, 33s to 355; good sow, 31s Gd to 33s Gd; ordinary, 27s to 30s, and rough down to 22s 6d per 100Ib. Extra prime heavy steers made to £l9 7s Gd; prime heavy steers, £l5 to £l7 ss; prime medium weight steers, £l3 to £l4 15s; ordinary quality steers, £lO 10b to £l2 10s; light steers, £8 to £10; extra prime heifers, to £l3 7s Gd; prime heifers, £9 15s to £ll 15e; ordinary heifers, £7 10s to £9 12s Gd; light heifers, £4 10s to £7; extra prime cows, to £l3 17s 6d; prime cows, £9 to £11; ordinary eowß, £7 to £8 15s; light and aged cows. £4 15 to £6 17s Gd. Vealera.—A good sale. Twelve to 18months' sorts made to £8 10s; vealers, £3 10s to £6 18s. Store Cattle.—A good demand for the attractive pens. Two to 2%-year steers made £7 15s to £8 10s; 18-months to 2-years, £6 ss; medium to good cows, £3 to £5 Ils. Dairy Cattle.—A keen sale for cows at the drop or reently in profit. Extra good second to fourth calvers made £l2 to £l6; others, £7 to £ll 10s; best heifers, £8 to £11; others, £3 10s to £7 JOs. Fat Pigs. —No change in values of baconers, but a firmuig tendency for porkers. Choppers made 50s to £5 15s;. baconers, £3 to £5 5s average per lb s’/zd to 61 di; porkers, 32s to 51s Gd (average per lb Gd to 7Vid). Store Pigs.—An average entry and an Improved sale. Weanera made 4s to 10s; stores, 9h 6d to 17s; large, I7s Cd to 265; extra large, to 325. BURNSIDE MARKET." Dunedin, May 16. Generally speaking, sheep prices were •imilar to those of list week at the stock sales at Burnside to-day, while fat cattle and lambs also sold at firm jates. Fat Cattle.—There were 262 head of fat cattle in the yarding, which was made up of medium-weight bullocks with a proportion of good heifers and average cows and a few heavy-weights besides. Considering the yarding was an average one and the quality somewhat mixed, prices were very firm. Extra prime bullocks sold up to £lB, ana prime from El 4 10s to £l6. Prime ox beef sold on i basis of 40s, prime heifer 355, cow <nd light heife# 20s to 255. Fat Sheep.—Over 3000 were penned, and the large entry showed good quality for tho most part. The proportion of wethers was very fair, there being a few heavy-weights included. The prices at the opening of the sale were somewhat easier .han those obtamed at the previous sale, but soon firmed for all classes of sheep. Extra heavy wethers made 51s to 51«, prime 43s to 465, medium 31s to 345; best ewes 37s to 40s; prime 31s to 365, medium 20s to 245, light 14s to 16s. Extra heavy wethers sold on a basis of Gd. light wethers 6'/ 2 d to 7d, prime heavy ewes sd, light and aged ewes 4d per lb.

Fat Lambs. —A moderate entry of average quality, which were sold from par to about 9d better than last week. Export buyers paid up to 10%d per lb. Prime lambs sold ou a basis of IT//1 to 11!

Store Cattle.—A large entry of about 350 included some 80 three and four-year-old well-bred bullocks, with a balance of cows and heifers and young sorts. There was a gooe demand for any cattle showing breeding, three and four-year-old buiiucks making £0 12s (kl to £l2 7s Gd. Two and a half-year-olds sold at between £7 and £7 10s, while good yearlings made £2 Ge. Pigs.—lBo fats and 55 stores were yarded. Baconers were about 5s easier, while porkers were about 3s cheaper. WOOL SALES IN ENGLAND. By Telegraph—Press Assn —Copyright. Australian Press Association. London, May 17. At tho wool sales 9430 bales were offered, of which 1065 were Australian and 5704 New Zealand. There was an average lot of merinos and greasy crossbreds, and a splendid selection of scoured crossbreds and sl.pes. The market was very firm, with keen home trade competition. The New Zealand Tahora clip brought top price 20%d; average 19*/->d; Downs, 27d and 23d; Haldon, 48d and. 46d; Candmel, 35d and ."Old; Hitt, 30d and 28%d. Tho Bradford market is slightly improved in tone, business still being very slow. Sixty-fours, 54d; others unchanged. At the sheepskin sales 2766 parcels were offered, of which 1510 were Australian and 509 New Zealand. There was a good selection of Australian shortwools and good vll-round competition. New Zealand prices were unchanged. America bought freely of fullwooled crossbreds,. France of short-wools, Yorkshire participated all round. NEW YORK REDISCOUNT RATE, Australian Press Association. New York, May IT. The Federal Reserve Bank of New York has raised the rediscount rate from 4 to 4J per cent. MELBOURNE MARKETS. Australian Press Association. Received May 18, 7.30 p.m. Melbourne, May 18. Wheat.—Buyers, 5s 8d to 5s BJd on trucks alongside steamer, but sellers not offering; farmers' stored lots, about £>s 7d. Melbourne basis. Flour.—£l3 2 a 6d to £l3 7a 6d per ton. Bran.— £6 15s per ton. Oats. —Milling, 3s 9d to 4s 2d; feed, 3s 3d. Barley.—English, 5a to 5s 3d; Cape, 4s. Potatoes.—-£2 15a to £4 per ton, Onions.— £9 per ton.