FINANCE AND COMMERCE

Taranaki Daily News, 6 June 1930, Page 16

FINANCE AND COMMERCE

NEW PLYMOUTH MARKETS, New Plymouth market prices this week were: — Buying Selling a. cl. a. d. flam's 1 2 Bacon (rolls) . 1 2 Bacon (sides) ...... ■ 10 Butter , (creamery) pats ;••• 1 Butter (best separator), pats 11 11 . Butter (separator) lump 10 1 0 Eggs 2 8 3 0 dairy produce steady. The New Zealand Loan and Mercantile Agency Co., Ltd., has received the following cabled advice from its London offices:—Butter, New Zealand choicest, salted, 125 s a cwt; cheese, white, 775; coloured, 83s. Markets are steady. GOOD SALE OF FAT STOCK, ADDINGTON MARKET FIRM. By Telegraph.—Presg Association. Christchurch, Last Night. There was a medium-sized entry in i each of the major sections of the weekly metropolitan market at Addington to-day, when the chief feature of the sale was a further advance, the third in succession, in fat lamb values. Today it amounted to a shilling a head for all classes. There was little change in late rates in prices for fat cattle, fat sheep or store sheep, all. of which sold very firmly. Store sheep were in smaller numbers ISian last week and the sale was a, good one with very little change ■ in prices. Values were: Good ewe lambs, 1 15s to 18s 9d; backward ewe lambs, 5s 3d to 8s lOd; ordinary .wether lambs, 8s 4d to 10s fid; ordinary m.s. lambs, 8s to 14s Id; good two-tooth halfbred ewes, IDs fid; good four and six-tooth half bred ewes, 16s Cd to 20s 9d; ordinary four and six-tooth halfbred ewes, 12s 9d to 15s Cd; full-mouth halfbred

ewes, Ss 6d to Ils 9d; failing-mouth half bred ewes, 2s Bd\ to 5s 8d; good * two-tooth crossbred ewes, 22s 3d; good four and six-tooth crossbred ewes, 19s 9d to 24s Hd; ordinary four and sixtooth crossbred ewes, 13s 6d fo 16s 7,dFor fat lambs competition was very keen and prices recorded a further increase of Is a head. The entry was 2900, much larger than for some time. Values were: Show lambs, to 30s Id; extra prime lambs, 27s 6d to'2Bs Cd; prime, 25s to 27s 3d; medium, 21s 6d 6d to' 17s 6d. to 24s 6d; light, 18s to 21s; store, 15s Of fat sheep the entry was much larger than last, week and filled 13 races. Competition was keen and values showed little quotable changes on those of last sale. Values were: Slow wethers, to 37s 10d; extra prime wethers, 31s 6d to 34s 6d; prime wethers, 28s Cd to 31s; ordinary wethers, 24s 6d To 27s Cd; light wethers, 19s to 23s Cd; extra prime ewes, to 28s 4d; prime ewes, 21s 6d to 245; ordinary ewes, 17s Cd to 20 s Cd;-light ewes, 14s 6d to 17s; aged ewes, Ils to 14s, ?A total of 459 head of fat cattle was yarded and the sale was a good one. The entry included some particularly prime cattle and these sold at advanced rates, but the major portion of the yarding recorded little quotable advance in -values. Best handy weight steer and heifer beef made from 39s to 43s per 1001 b and in the case of a few pens a little above that figure, best heavy weight steers from 34s to 375, medium quality beef from 33s to 365, good cow 32s to 345, secondary to 31s, and rough cows to 25s per 1001 b. Values, were: Extra prime heavy steers, ito- £2O 17s 6d; prime heavy steers, £l5 10s to £l7 10s; prime medium weight steers, £l2 to £l5 ss; medium quality steers, £8 15s to £ll 10s; light steers, £7 to £8 10s; show heifers, £l7 12s Cd; extra prime heifers, to £l4 12s 6d; prime heifers, £9 10s to £l2 10s; medium heifers, £7 5s to £0 ss; light heifers, £6 to £7; show cow, £l5 7s Cd; extra prime cows, to £l4 12s Cd; prime cows, £9 to £ll 15s; medium cows, £7 to £8 15s; light and aged, £5 to £6 15s. There was a small entry of 95 vealers and competition was keen, AU sorts , showed an advance on last week’s values. Values were.; Best runners, to £6; good runners, £4 to £5 10s; small calves, ' 25s to 555. ~— Of store cattle there was a poor yarding which met with a dragging sale. There were no attractive lines offering. Fresh cow's brought up to £5 ss; heifers, to £5; potting bulls, to £5 13s Cd. There was an average entry of 60 head and quality was fair only, with an odd line of outstanding quality. Values were: Best second and-third ealvers, i £l4 to £l6; exceptional,' to £lB 10s; others, £3 10s to £l3; good heifers, £l3 io £l4; others, £7 to £l2. ~ Medium-sized entries of porkers in the fat pig section recorded a decline of irom 7s to 9s a head, while baconers Were also a shade easier. Values were: Choppers, £3 to £6 18s 6d; porkers, 39s 6d to 63s (average price per lb, 7d to Y^d); baconers, £3 7s 6d to £4 14s 6d (average price per lb, 6-jd to 7d). A small yarding of store pigs sold at rates a little below those of last week. Valuer were: Large stores, 30s to 355; medium, 23s to 27s 6d; small, 18s to 21s Cd; slips, 10s 6d to 13s 6d; weaners, 6s 6d to 10s.

LIVE STOCK MAR. ITS. ’ JOHNSONVILLE VALUES. At Johnsonville on Wednesday Wright, Stephenson and Co., Ltd., and Abraham Rnd Williams, Ltd., offered a small yarding of sheep. The cattle offered were of very mixed quality, comprising two pens of good bullocks, which met with A ready sale. Plain and unfinished bullocks were not in demand. The sheep penned were generally of good quality, and a fair sale resulted at prices showing no alteration on late rates; Lambs were yarded in larger numbers than usual, the supply being in excess of the demand.’ Bullocks, £l4 10s, £l4, £l3 15s, £l3 12s 6d, £l3 10s; bullocks, light, £l2 10s, £lO 17s 6d, £lO 10s,_ £lO 2s 6d; bullocks, plain, £9 10s, £9 7s Gd, £9 ss, [£9, £8 15s. Cows, heavy, £9 10s; medium, £7 15s, r £6. Vealers, £3 2s, £2 12s, £2 3s, £1 ilOa, £1 ss. Sheep.—Wethers, heavy, 27s 6d, 27s 4d, 275, 265; wethers, medium, 255, 23s 6d, 20s 9d; ewes, heavy, 18s, 17s 4d, 15s. ■ Lambs, 235, 22s 04, 18s 9d, 18s 7d, 15s H

SHARE MARKET TRANSACTIONS. Taranaki Stock Exchange, June 5.— Reported sales: Inscribed Stock, 4J per cent., 1938, £9B 15s. Quotations, buyers: Inscribed stock, per cent., 1938-39, £9B ss; Farmers’ Fertilisers, 19s 9d. Wellingon, June s.—Reported sales: Bank of New Soiith Wales, £39 10s (three lots)'; Goldsborough Mort., 33s 6d; British Tobacco .Co. (Aust.), ord., 41s 4d. Christchurch, June 5. —Sales on Exchange : Commercial Bank of Australia, 22s 3d (two parcels); National Bank. of Australasia (£lO paid), £l5 8s fid (two parcels); National Bank of Australasia (£5 paid), £7 17s; Bank of New South Wales, £39 18s; G.oldsbrough Mort. 32s lid, 335; North Canterbury Freezing, Is; New Zealand Breweries, 51s lOd (three parcels); British Tobacco, 40s 9d. Sales reported: Commercial Bank of Australia, 22s 3d; National Bank of Australasia (£5 paid), £7 17s; Bank of New Zealand, 595; Goldsbrough Mort, 33s 3d; New Zealand Breweries, 51s lid, 51s lOd; Australian Glass (cum. div.), 435; Mt. Lyell, 29s 3d; Commercial Bank of Australia, 22s 4d; National Bank of Australasia (£lO paid), £l5 12s fid; E.S. and A. Bank, £5 10s. Auckland. June s.—Bay of Plenty .Power Board, 1903, 5.1 -per cent., £9B 15s; Gisborne Sheepfarmers’ debentures, £B2; Commercial Bank .of Australia, 22s’3d; Union Bank, £l2 2s fid; Waihi, 13s 8d; Mount Lyell, 29s 7d.