FINANCE AND COMMERCE

Taranaki Daily News, 16 May 1930, Page 16

FINANCE AND COMMERCE

THE SHARE-MARKETS. New Plymouth, May 15. —Taranaki Stock Exchange reported sales: National Bank of Australia, £7 7s 6d; Mt. Lyell, £1 6s 3d. Quotations: Sellers, Blenheim Oil, 355. Auckland, May 15.—Share market sales: Gisborne Sheep Farmers’, 1931, 7i, £B2; Newmarket Borough, 1944, s|, £100; Commercial Bank of Australia, 20s Bd, 20s 7Jd; National Bank of New Zealand (late sale Wednesday), £6 6s; New .Zealand Insur .nee (late sale Wednesday), 43s fid; South British, 595; Huddart Parker, 37s fid; New Zealand Breweries (late sale Wednesday), 525; British Tobacco, 38s fid; Farmers’ Trading, ord., 8s 8d; Kempthorne Prosser. 645; Robinson Ice Cream, 25s fid; Mount Lyell, 28s fid; Wilson’s Cement, 42s fid. Wellington, May 15.—Sales reported: National Bank of New Zealand, £6 6s, £6 5s 6d; Bank,of New Zealand, £2 18s 3d; Leyland O’Brien, 345; British Tobacco (Australia)-, Ordinary, 39s 6d; Mt. Lyell, 29s 3d. Dunedin, May 15.—Sale on Exchange: Commercial Bank of Australia, 20s 9d. Dunedin, May 15.—Sales on exchange: Commercial Bank 2s. 9d., New Zealand Paper Mills 20s. (two parcels). Sales reported: South British Insurance, 595..\ Christchurch, May 15. —Sales on exchange: Australian Bank of Commerce, 245. (3 parcels).; New Zealand Refrigerating (10s. paid), 4s. 9d. (2 parcels); British Tobacco, 38s. 3d.; Electrolytic Zinc (ord.), 255. 3d. (3 parcels); Electrolytic Zinc (pref.), 265. fid.; Mason Struthers (10s. paid), 2s..fid.; Mt. Lyell (cum.'div.), 28s. Sales reported: Tooth’s Brewery, 325.; New Zealand Breweries, 51s. 9cl.

AUSTRALIAN GRAIN MARKETS. Rec. 8. p.m.. Sydney, May 15., Wheat in bulk here is quoted at 4s. 6Jd. a bushel and bagged at 4s. 7Jd. Flour is £lO 15s. a ton, pollard £8 155., and bran £B. Tasmanian potatoes are ' £9 10s. to £ll a ton, and Victorian £9 10s. Victorian brown onions are £4 10s. to £6 a ton, white oats 4s. 3d. a bushel, and Algerian oats 4s. 6d. , Maize is 6s. 3d. a bushel 4 . JOHNSONVILLE SALE. I BSWTwSzr--At the ?ohusonvme sale on day, Wright, Stephenson arid Co., Ltd., and Abraham and Williams, Ltd., submitted an average yarding of cattle and a large yarding of sheep. Prices for cattle were slightly easier than last week’s rates. Wethers were in keen demand at prices slightly firmer than late rates, but ewes were dull of sale, shoeing a decline of 2s to 2s 6d per head as compared with last -week’s sale. There was very little demand for lambs. i Prices ranged as follow: Bullocks, i heavy, £l5 17s fid, £l5 10s, £l5 7s fid, | £l5 ss, £l5; bullocks, £l4 2s 6d, £l4, £l2 15s, £l2; cows, light, £5, £4 ss, j £4; vealers, light, 31s, 10s; wethers, I heavy, 29s 4d, 28 s, 25s 3d, 255; ewes, heavy, 22s 9d, -225, 18s; ewes, 16s, 14s 6d; lambs, 26s lOd, 21s 9d, 21s, 15s 6d, 13s 6d. \

BURNSIDE STOCK SALE. VALUES FIRMER. Dunedin, 'May 14. Fat cattle met with an improved de-mand-at the Burnside sales to-day, and the market firmed considerably. The opening sales showed an advance of -fully £1 per head for prime .bullocks, and about 10s for light-weight steers, cows and heifers. Prices for sheep also showed an advance, extra prime wethers being about 2s better than last week’s rates. Lambs sold at prices about on a par With those which ruled at last week’s sale, while there was little if any change in the pig market. Fat Cattle. —-The entry consisted of 226 head. The quality was not of the best. Light-weight bullocks were mainly represented, while several pens of good cows and heifers were forward. The increased prices were maintained throughout the sale. Prime ox beef sold on a basis of about 43s per 1001 b.; good heifers, 38s; and prime cows from 25s to 30s per 1001 b. Sheep.—The entry comprised 2000 head. There was a scarcity of wethers, only one truck of extra prime being offered. Several trucks of extra prime ewes were- included, but the bulk of 'the entry consisted of light and unfinished animals. The best truck of prime wethers averaged 35s 6d a head. Heavy wethers sold to 29s 3d, medium to 245, extra heavy ewes to 225, and heavy to 20s 9d. Prices for extra prime wethers worked out at about 4%d per lb.-, ' and sd a lb. for prime light animals. Extra heavy ewes sold on a basis of about 3d, and prime handyweights about 3Jd per lb. Lambs. —The yarding was of medium quality, very few heavy and extra . prime* animals being forward. Extra heavy lambs sold to 30s 3d, heavy to 235, medium to 19s, light to 15s. Prices for extra prime lambs were equivalent to about 7Jd, and light and unfinished sorts about 7d per lb. Store Cattle. —Poor quality was noticeable in the yarding of store cattle, which consisted of principally old co we, which sold at prices ranging from £5 to £O. Two pens of steers realised £9 a head.

Pigs.—There were 90 fats and 81 stores in the pig section. Competition was fairly brisk, and the yarding was disposed of at prices about the same as those obtained at the previous sale. Prime baconers sold at rates equivalent to about Bd. and prime porkers about 9d to 9 M a lb.

WORK AT BLENHEIM OIL WELL. The sin. casing in the Blenheim oil well, Moturoa, is to 1250 feet, states the report for the week ended Wednesday. The plant and casing have been thoroughly overhauled and are in splendid order. The casing is still being run. The weP has been drilled to a depth of 1853 feet.