FINANCE AND COMMERCE

Taranaki Daily News, 12 September 1930, Page 12

FINANCE AND COMMERCE

6 MARKETS IN NEW PLYMOUTH PRICES FOR DAIRY FARM PRODUCE 1 1 (Prices for dairy farm produce ruling , in New Plymouth this week were:

GERMAN CASHING OF DRAFTS > Berlin, Sept. 10. The Rcichbank has undertaken to 1 cash drafts and cheques drawn on Aus--3 tralia and New Zealand if payable in sterling. t LIVE STOCK SALES. CATTLE FIRM AT BURNSIDE. Dunedin, Sept. 10. - There were no great changes in the stock markets at Burnside to-day. Fat - sheep cased a little, but fat cattle ioi the most part held their own. The fat sheep entry numbered 2433, comprising mostly good quality sorts, although there was very little outstand- ’ ing stock forward. There was a good ’ entry of heavy ewes, which met with a keen demand. Medium and lightweight ewes were also sought after, but aiiy--1 thing unfinished was hard to sell. Prime luyivy wethers can be quoted as from par to Is easier, while medium sorts remained firm. The fall in price for light unfinished sorts was from Is 6d to 2s per head. Prime heavy ewes were dearer .by from Is (id to 2s, and medium and light sorts sold at par. There was only a medium entry of fat cattle —230 in all. A few outstanding bullocks were forward, but the greater part of the entry comprised fair to very ordinary quality. Some of _ the stock lacked finish, but realised good prices. As a result of a keen demand, well-finished sorts attracted spirited bidding for good quality. Values were considerably better than last week. The first few races sold at par, but as the ; sale progressed values increased by from 1 15s to 20s ' per head. Prime bullocks made to £2l; medium-to £l7 10s; light 5 to £l4; prime cows to £l6 ss; medium 5 to £l3; good heifers to £l5; and light : to medium from £9 to £l3. A very small entry of store cattle comprised all cows. Old cows met with a poor demand, but good-conditioned sorts were fairly easy to quit. 1 As a result of a larger entry of store pigs, prices declined to some extent. The best stores made to £2; weaners to 325; suckers from 16s to 235. There [ were 103 fat pigs which met with a less , keen demand than usual, values being down by from 5s to 10s a head. Best baconers made to £5 15s, and porkers from £2 10s to £4. JOHNSONVILLE VALUES. 'At the Jonsonville sale on Wednesday the auctioneers submitted to a fair attendance of buyers an average yarding of bullocks and a large yarding of sheep. The yarding of beef comprised. a few pens of extra heavy bullocks, which met with keen competition and sold at values above last week’s rates. The bulk of the yarding comprised good medium to heavyweight bullocks, which sold at ' late rates. No cows or heifers came forward. Sheep.—The yarding comprised a few pens of extra heavyweight wethers, which sold at values fully equal to late rates. Medium and lightweight wethers met with keen competition and sold at values fully Is to Is 6d above prices ruling last week. Ewes: The yarding comprised good quality ewes, which met with a ready sale at values equal to last week’s rates. Hoggets met with a good sale at a par with late rates. The first yarding of spring lambs came forward and compared with last year prices must be considered satisfatory. Prices ranged as follows: —Extra heavy bullocks, £l9, £lB 15s, £JS 12s 6d, £lB 10s, £18; medium to heavy bullocks, £l6 15s, £l6 10s, £l6 7s fid, £l6 2s fid, £l6; bullocks, £l5 15s, £l5 10s, £l5 ss, £l5; extra heavy wethers, 32s 6d; heavy wethers, 31s 6d, 3ls, 30s; medium wethers, 29s 3d, 295, 28s fid; light to medium, 27s 6d, 275, 25s 9d, 25s 6d, 255; extra heavy ewes, 24s 6d; medium weight ewes, 235, 22s 6d, 225, 21s 3d; hoggets, 24s fid, 23s 3d, 21s 3d, 20s 3d, 19s 9d, 19s 3d; spring lambs, 27s 6d, 275, 26s 3d, 265, 24s 6d. AYRSHIRE BULL IMPORTED BIG BUTTER-FAT BACKING. By direct steamer from Canada there arrived at Wellington last week what is believed to be the greatest butter-fat bred bull in the world among Ayrshire cattle. His three nearest dams have the wonderful average butter-fat backing of 10051 b. Messrs Wright Stephenson and Co., Ltd., who imported the bull, advise that he was selected and purchased in Canada by the president of the New Zealand Ayrshire Breeders’ Association (Mr. A. M- Weir, Edendale, Southland) and is destined eventually to head his famous Ivanhoe herd. The bull, which was selected when only a calf, has the distinction of bein" a double grandson of the world’s champion cow, Nellie, Osborne of El:u Shade XVI, which under official test produced in 365 days 27,1981 b milk and 12571 b fat —average test 4.5. This record surpassed by 18691 b milk the world milk record standing to the credit of the Scotch bred cow, Garclaugh May Mischief, which was established after that cow had been imported into the United States. It also surpassed by ]s4lb butter-fat the world’s record credited to Betsy Wylie. Nellie Osborne had previously proved herself a remarkable producer, and amongst the earlier records she had established was one of 9011 b fat and another of 10031 b fat. The latter was the first world's Ayrshire record above 10001 b fat. This "reat cow when making her latest world’s record milked as high as 981 b daily. A remarkable feature in regard to the young bull imported for Mr. Weir is that he is descended through his sire from two former world's champion cows in Garclaugh .May Mischief, whose record has already been noted, and Audienbrain Brown Kate, which gave over 9001 b fat in a year and represents one of the greatest strains of dairy cattle to be found on either side of the Atlantic. The advent of .Mr. Weir’s latest importation coming on top of the distribution of five great butter-fat bulls imported from Canada a lew months ago means that a great acquisition of the best Ayrshire blood in the world has been made by New Zealand herds.

DAIRY PRODUCE MARKET. A better market for butter in London is reported in a cable received by the New Zealand Loan and Mercantile Agency, dated September 10. The quotations received are: —New Zealand choicest salted butter (including stored), 124 s to 1275; white cheese,. 71s to 725; coloured, 72s to 745. SHAREMARKET SALES. Auckland, September 11.—Commercial Bank of Australia, 18s 6d; Bank of New Zealand, s(fe 3d; New Zealand Insurance, 42s lid (3 parcels) ; British lobacco, 31s 6d; Colonial Sugar, £3l ss; Milne and Clioyce, debenture stock, 24s lid; VVailii, 15s, 15s 2<L Christchurch, September 11. —Sales on Exchange: New Zealand Government, 5J per cent, bonds, 1933, £99 12s 6d; Bank of New South Wales, £32 10s; Bank of New Zealand, 56s (4 parcels); Union Bank of Australia, £10; Dalgety and Co., £9; New Zealand Breweries, ISs fid; Tooth’s Brewery, 22s 9d; British Tobacco (cum. div.). 31s 5d (4 parcels); Mt. Lyell, 20s fid (2 parcels); Maha'kipawa, 3}d. Sales reported: Commercial Bank of Australia, ISs lOd, ISs 4d; Union" Bank of Australia, £lO 4s; British Tobacco (cum. div.), 31s fid; New Zealand Breweries, 48s 9d.

Buying s. d. Selling s. d. Hams Bacon. 1 2 (rolls) 1 2 Bacon Butter 1. 0 (creamery) pats 1 4 Butter (best separaI tor) Butcr Eggs 1 (separator) lump Id 1 1 0 2