FINANCE AND COMMERCE

Taranaki Daily News, 19 September 1930, Page 12

FINANCE AND COMMERCE

NEW PLYMOUTH MARKETS.

(WOOL PRICES CONFIRMED. STEADY COMPETITION IN LONDON. Loudon, Sept. 17. At the wool sales 10,423 bales were offered, including 5979 New Zealand; About 5850 were sold. There was a poor selection of Merinos and a good supply of New Zealand sorts. With steady competion the opening rates were confirmed. There were some withdrawals of slipes, owing to the high limits. New Zealand greasy crossbred clips sold as follow: Pakura, top price 9d, average 81; Waireka, t)d and B£d. Halfbreds: Settereairn, llfd; Mount Gladstone, IOJd and 9Jd. Scoured Merino R. and Co/t 23d; greasy crossbreds, Erewhon Hid; slipes, Tomana/t, 12Jd; scoured halfbreds, Winterslow combings, 20d; pieces, 19d. ■ LIVE STOCK MARKET. FAT SHEEP AND CATTLE EASIER. Dunedin, Sept. 17. There was a general easing of values at Burnside stock sales to-day, both fat cattle and fat sheep experiencing a considerably diminished demand. Pigs, too, -were cheaper. The fat sheep entry numbered 2727 head, comprising better quality than has been seen for some weeks. There was a smaller proportion of good ewes, but heavy wethers were in good supply, while there was also a fair percentage of medium and light sorts. The market opened very much easier, and values may be quoted at from 2s 6d to 3s below last week's rates. Lightweight ewes alone remained firm. The first of the new season’s shorn sheep brought 245. Extra prime heavy wethers made to 3£>s, prime heavy to 345, medium to 28s 6d, light from 20s to 23s 6d. Extra heavy prime ewes made to 29s 9d; prime to 27s 6d, and lighter sorts up to 18s. The fat cattle yarding comprised 287 head of mixed quality stock. The proportion of prime bullocks and heifers was smaller this week, the entry comprising large medium cattle, mostly bullocks, with a sprinkling of heifers ami cows. The sale opened easier, with values down about 15s per head, and ai the afternoon progressed there was little change in rates. Extra prime heavy bullocks made to £22 15s, prime heavy to , £l9 10s, medium to £l5 10s, and lighter sorts to £l2 15s. Extra prime heifers were worth to £l7 17s 6d, prime to £l4 10s and light sorts from £lO to £l2 10s. A small yarding of store cattle, with few quotable lines, met with a fair sale. There were 70 fat pigs, and 78 stores. The market was a little easier than was the case last week, but the supply of pigs was fairly easily cleared. ’ JOHNSONVILLE PRICES. In spite of inclement weather there was a large attendance at the Johnsonville sale on Wednesday. An average yarding of prime quality bullocks was offered. The sheep yarding was larger than usual. Bullocks met with a good sale» prices showing no alteration as compared with last week’s rates. A few pens of shorn wethers, the first of the season, were in good demand and ewes met with a keen sale at last week’s rates. Hoggets were yarded in. larger numbers than usual, and a total clearance w-as effected. Spring lambs were in keen demand at last week’s rates. Quotations. —Cattle: Heavy bullocks £l6 5s to £l7, medium-weight bullocks to £l6 15s, ordinary bullocks to £l4 10s. Sheep: Extra heavy woolly wethers to 325,' extra heavy shorn wethers to 29s 6d, heavy wethers to 31s, good medium wethers to 28s 9d, light and unfinished wethers to 26s 6d, heavy ewes 23s lOd to 25s 6d, other ewes to 22s 9d, hoggets, 19s 3d to 245, lambs to 28s 2d. MATAMATA JERSEY SALE. TOP PRICE 48 GUINEAS. ; Matamata, Sept. 17. The first annual pedigree bull sale under the auspices of the Matamata Jersey Club w-as held to-day. There was an attendance of about 250. Eighty-five bulls were listed and 43 changed hands under the hammer, though many were sold privately at tile conclusion of the sale. The top price of the sale was 48 guineas, paid by Messrs. Brocklesby Brothers, Peria, Matamata, for the two-year-old bull Merton Holly Royal, by Sea Queen’s Masterpiece —Holly Oak Freezia. The top price for three-year bulls was paid by Mr. G. Dodd, Waharoa, who secured Right At Last of Argyll, by Premier Gipsy Lad —Rew Bud, for 29 guineas. The highest-priced yearlings realised 30 guineas, these being Oxford Dale Sunny Boy, by Burnside Soumise —Oakland’s Naughty Girl; Marjorie’s Oxford Lad, by Oxford Sunspot—Queen Marjorie’s Maid, and Thornton Park Nelson, by Tyntesfield Meteor—Tyntesfield Dawn. The buyers of these animals were Mr. A. Totman, Morrinsville; Messrs. Smythe Brothers, Okoroire,' and Mr. A. Welsh, Morrinsville. The average prices for those sold under the hammer were as follow: — Thirty-two yearlings, £2O 18s; nine two-year-olds, £3O 18s; two three-year-olds, £2B. The average for the sale was £23 ’7s. A silver cup offered for the best bull in the sale by the Farmers’ Auctioneering Company, Ltd., was won by Mr. J. F. Vosper, Matamata, with the three-year-old bull, Begonia’s Distinction, by Canadian Distinction—Otterburn Begonia, which was bought by Ml. A. A. Wright, of Okoroire Springs, for 27 guineas. SHAREMARKET TRANSACTIONS. Auckland, September 18. —Sharemarket sales: Government bonds, 1930, 51 per cent., £99 7s 6d; Auckland Hospital Board, 1931, 6.J per cent., £100; Commercial Bank of Australia, 18s, 17s 6d Bank of New Zealand, 55s 6d; NewZealand Insurance, 41s; South British, 57s 3d; Auckland Gas (con.), 17s 9d; British Tobacco, 31s lid; Colonial Sti.rar, £3O 10s; Sharland and Co., pref., 18s 9d; Waihi, 14s lid; Mount Lyell, 20s 2d. ‘Christchurch, September 18—Sales on Exchange: Commercial Bank of Australia, 17s 2d; Bank of New South Wales, £3l; Feilding Gas, 3s; New Zealand Breweries, 47s 7d; Alt. Lyell, 20s 2d; New Zealand Farmers’ Co-op. (10s paid), 3d; Mahakipawa, old (2), 5d (5); Stoney Creek ((id paid), Id. Sales reported: Timarti Borough, 5 per cent., 1935, £96 2s 0d 5 New Zealand Refrigerating, 61 per cent., 1935. £95; Australian Bank of Commerce, 19s 3d; United Building Society (cum div.), 10s

Rd; British Tobacco (cum div.), 325, (2); Bank of New South Wales, £3l. JERSEY SALE AT HAMILTON. } BELL BLOCK MAN TOPS MARKET Hamilton, Last Night. The National Jersey Show sale was continued at Claudelands to-day, when 77 head averaged over 30 guineas. The top price was paid by W. Mears, Walton, for Silverley’s Regal Mixture, sold on account of J. S. Jones, Bell Block. This yearling won the grand championship of the show. Santa Rosa Combination, on account of J. A. Mitehell, Longburn, was passed in at 160 guineas and later sold privately for 175 guineas. GRAIN AND PRODUCE PRICES. AUSTRALIAN QUOTATIONS. Rec. 8.5 p.m. Sydney, Sept. 18. Business in wheat is quiet, bulked fetching 3s Id and bagged 3s 2d. Pollard and bran, £5 10s. Potatoes, Tasmanian £6 to £B, Victorian - £6 10s. Onions, Victorian Spanish, £5 10s. Oats, white 4s. Algerian 4s 3d. Maize 4s 3d. Flour, £9 ss. KEEN COMPETITION FOR WOOL SYDNEY MARKET VERY FIRM. Rec. 9.40 p.m. Sydney, Sept. 18. Offerings at the wool sales to-day amounted to 11,660 bales, of which 9555 were sold. Also sold were 1906 offered privately. The' market was very firm for stylish quality wools, competition for which continued keen from French, German, Japanese and to a lesser extent from Yorkshire and American buyers. * Greasy Merino made 17id a lb.

New Plymouth market prices this week were: — Buying. Selling, s d s d Hams , 1 Bacon (rolls) .... 1 2 Bacon (sides) ... 1 0 Butter (creamery) pats 1 Butter (best separator) ■1 pats .11 1. 1 Butter (separator) lump 10 1 0 Eggs 1 1 1 o