FINANCE AND COMMERCE

Taranaki Daily News, 1 August 1930, Page 16

FINANCE AND COMMERCE

NEW PLYMOUTH MARKETS.

LIVE STOCK. SALES. FAT SHEEP MUCH CHEAPER. Dunedin, July 3'o. I'afc sheep, owing to greatly increased supplies, .were cheaper at the Burnside market to-day, but fat lambs remained firm at late rates. Cattle were in better demand at improved prices, and pi'gs easily held their own. / There was a yarding of 3560 fat sheep, the increased numbers being due largely to recent stormy conditions that havo forced all classes of sheep on to tho market. The supply unfortunately was considerably in excess of tho demand, with the result., that all clases of butchers’ sheep suffered a decline of from 4s to 5s per head. The market was very erratic and uncertain. High weight wethers and freezing ewes mot with a fair demand, selling at full schedule prices, exporters taking most of that class of stock. Extra heavy wethers made from 33s 6d to 42s Gd; prime heavy, 29s fid to 355; medium, 24s fid to 28s 6d; and light sorts, to 21s. Extra primo heavy ewes made to 273 Cd, prime heavy to 21a and light and medium from Ils fid to 16s Gd. There were 487 fat lambs, including some very nice butchers’ lines which met with spirited competition from the trade, selling at prices fully equal to last week’s rates. Exporters wero keen on freezing sorts, but light and unfinished wero hard to quit. Extra prime butchers’ lambs made to 365; prime from 22s 9d to 255; light from 17s to 20s ami unfinished sorts, ils 9d to 14 s. The fat cattlo yarding numbered 185 head, comprising a “few trucks of good prime bullocks and nice heifers, and the usual proportion of light sorts. The sale opened firmly with values fully 20s per head better than last week. It was a good salo despite a slackening in bidding in tho final races. Prime heavy bullocks, made to £22 10s, primo to £lB 10s and light sorts from £l3 to £l5. Primo heifers were worth up to £l7, prime cows to £l4, and light sorts from ,£7 10s to £ll 10s, Tho store cattle entry totalled 71

head of mostly nondescript sorts, with few quotable lines. There' were .66 fat pigs, and 22 stores, both experiencing a firm sale at late rates. Baconers brought up to £4 17s; and good weaners made to 28s. , PRICES AT JOHNSONVILLE. At the Johnsonville sale on Wednesday average yardings of cattle and sheep were offered. The bullocks comprised ■ mostly medium-weight cattle with a few pens of heavier sorts. At the commencement of the sale competition was keen, particularly for good, quality cattle, but towards the end there was. an easing tendency. Wethers sold on a par with last week’s rates, but ewes were firm to the extent of Is to Is 6.1 per head. Lambs met with a good demand. Prices ranged as follows: —Extra heavy bullocks, £l6 10s, £l6; heavy bullocks, £l5 10s, £l5 ss, £l5 2s 6d, £l5; medium bullocks, £l4 10s, £l4 7s 6d, £l4 2s 6d, £l3 15s; light and unfinished, £l2 ss, £l2, £ll 15s, £ll, £lO 17s 6d; heifers, £8 ss, £B, £7 15s; heavy wethers, 29s 3d, 295, 28s 6d, 27s 3d, 26s 9d; light wethers, 25s 3d; heavy ewes, 245, 193 2d; ewes, 18s 7d, 18s Id; lambs, 24s Gd, 22s Pd, 21s Bd. SHAREMARKET SALES. Christchurch, July 31. —Sa’cs on exchange: Commercial Bank of Australia (cum. div.), 21s. 3d. (4 parcels); National Bank of Australasia,.( £5 paid), £6 195.; Bank of N ew Zealand, 555. 9d.; Dalgety and Co., £lO 35.; Kaiapoi Woollen (7s. paid), 4s. 3d.; New Zealand Breweries, 495. lid. (3 parcels) ; • Tooth’s Brewery, 28s. 6d., 28s. 3d., 28s. Bd. (3 parcels); Mt. Lyell, 235. 6d., 235. 5d.; Mahakipawa, 2d.- Sales reported: Electrolytic Zinc (pref. cum. div.); 245. Auckland, July 31.—Sharemarket sales: Government Bonds, 1936, 5J per cent., .£99 55.; City of Auckland, 1949, 5| per cent., • £95; New Zealand Insurance, 455.; New Zealand Shipping, pref., £9 55.; Farmery’ Tradling, ord., 7s. lOd. TARANAKI OILFIELDS. DIRECTORS’ HOPEFUL REPORT. Rec. 7.15 p.m. Melbourne, July 31. Tl’ie profit and loss accounts of Taranaki Oilfields for the year ended April 30 show a debit balance of £3967. The company owed £5388 to external credi-’ tors and. held £761 in cash and deposits. Shares in other companies are halved at £210,297, stores and plant are halved at £14,786, and also debtors’ balances aggregating £07,741. The paid-up capital was £516,312 and calls unpaid £2J,58. The directors are of the opinion that the company has good prospects of success, with encouraging evidences of oil and gas seepages at Waitangi Hill, where the next bore will be sunk. They point out that Persian, Mexican and United States oilfields before reaching the producing stage entailed more prolonged and more expensive prospecting operations than has been the case to date an the Taranaki fields.

Buying. Selling. 8. d. s. d. Hams ;........... .' • 1 2 Bacon (rolls) ..' 1 2 Bacon (sides) 1 G Butter (creamery) pats .... I 4 Butter (best separator) pats ■ 11 1 1 Butter (separator) lump ... 10 1 0 Eggs 1 11 2 2