FINANCE AND COMMERCE

Taranaki Daily News, 25 September 1930, Page 3

FINANCE AND COMMERCE

STEADY DEMAND FOR BEEF. STORE PIGS REMAIN FIRM. Auckland, Last Night. The Westfield sale of stock was held to-day. Beef was penned in average numbers and there was a steady demand, with values on a par with late quotations. Extra choice ox sold to £1 19s per 1091 b, choice and prime £1 16s to £1 ISs, ordinary and plain £1 13s to ~1 15s, prime young and heifer beef £1 14s to £1 17s, ordinary cow beef £1 10s to £1 13s. Heavy prime steers realised £l4 to £l5 15s, lighter prime £l2 10s to £l3 17s 6d, light prime £lO to £l2 ss, unfinished and small £S to £9 17s Gd, extra heavy prime young ’.cows and heifers £lO os to £l2 10s, heavy prime £9 to £9 17s Gd, lighter £7 10s _to £8 17s Cd, light cows £6 os to £7 7s 6d, other cows £5 10s to £6 2s fid. . Sheep. —Large numbers were penned, prime wethers selling at late rates. Prime ewes and hoggets were earier in valus. Heavy ■ prime wethers brought £1 9s 6d to £1 Us 6d, medium prime £1 7s Gd to £1 9s 3d, light prime £1 6s to £1 7s 3d, small and unfinished £1 •2s fid to £1 5s 9d, extra heavy prime ewes £1 3s 9d to £1 os, heavy prime £1 2s to £1 3s fid, medium prinrn 18s to £1 Is 6d, light prime 15s to 17s 9d, inferior fatted ewes 5s to 12s Gd, heavy prime hoggets £1 4s to £1 6s 9d, extra prime to £F 9s 6d, medium £1 Is to £1 3s 9d, light 18s to £1 Os 9d, unfinished hoggets 12s Cd to 17s 9d. Spring lambs. —Increased numbers were penned, the supply exceeding the demand, and values were decidedly easier. Prime lambs sold at from ISs to £1 Gs 9d, unfinished 13s to 17s 9d. Pigs. —A larger yarding of pigs met with an easier sale. Values eased on last week’s quotations. Choppers sold from £2 10s to £4 17s Gd, heavy and medium baeoners £3 to £3 9s, light baeoners and heavy porkers £2 13s to £2 ISs. medium and light porkers £2 5s to £2 Ils, small and unfinished porkers £1 18s to £2 4s. The demand is still good for store pigs and values were firm, large stores at £2 to £2 7s, slips £1 12s to £1 18s, weaners £1 to £1 12s. Calves. —Average numbers were penned. Values showed an easing tendency on last week's quotations. Runners made £5 to £8 16s, heavy vealers £5 to £6 ss, medium £4 to £4 ISs, light £3 to £3 16s, smaller £2 8s to £2 18s, small and fresh dropped 7s to £2 Gs. rough calves £1 to £2 ss. ADDINGTON STOCK MARKET. DECLINE IN FAT SHEEP PRICES. 1 Christchurch, Last Night. Smaller entries were the rule to-day at the Addington market. Beef and store sheep sold at slightly improved rates but fat sheep eased rather markedly. Though the store sheep entry contained little of more than very ordinary merit there was a free sale with a shade of improvement. Good two-tooth crossbred ewes made to 24s 6d, medium twotooth halfbred ewes (empty) to 16s sd, aged halfbred ewes (empty) to 5s 2d, good halfbred ewes and lambs (all counted) to 13s 4d, ordinary halfbred ewes and lambs (all counted) 10s to Ils 3d. extra good two-tooth halfbred, wethers to 23s 3d, good four-tooth halfbred wethers to 20s, medium six and eight-tooth halfbred wethers 15s Cd to 16s lOd, good wether hoggets to 15s. medium wether hoggets 12s to 13s 4d, ordinary wether hoggets 7s 6d to 8s sd, medium ewe hoggets to 14s sd. A small entry of spring lambs averaged from Is 3d to Is 4d a lb. Heavy fat wethers were back on last week by 3s to 3s Cd and medium weight and the heavier ewes by 2s 6d. Light sheep showed a smaller easing. 'me market was dragging and more sheep were passed than usual. Extra prime heavy wethers made to 37s 6d, prime heavy wethers 26s Gd to 30s, medium weight prime wethers 24s Gd J o 265, medium quality wethers 22s Gd to 245, light wethers ‘l9s to 225, extra prime ewes to 30s, prime ewes 22s to 265, medium ewes 17s to 225, light ewes 14s to 16s Gd. The entry of fat cattle was of good quality. Light to medium weight heifers sold at an advance. Values

wise showed little change on last week. A South Otago line of 24 heifers averaged £lB ss, or about 57s per 1001 b. Best other beef sold at 40s to 525, heavy to 435, cow to 425, and inferior down to 355. Extra prime heavy steers made £24 to £29 15s, prime heavy steers £lB 10s to £22, prime medium weight steers £l5 to £lB 10s, medium quality steers £l2 5s to £l4 IDs, light steers £lO to £ll 15s, extra prime heifers £l7 to £l9 17s 6d, prime heifers £l3 15s to £l6 10s, medium heifers £ll to £l3 10s, light heifers £7 10s to £lO 10s, extra prime cows £lO to £lB 2s Cd, prime cows £l-2 15s to £l5 15s, medium cows £lO to £l2 ss, light cows £7 to £9. Of vealers there was a small entry and a good sale resulted. Eighteenmonths sorts made to £S 3s Gd, good calves 40s to 00s, fair 27s to 355. There was a heavy entry of store battle and a dragging sale. Good twoyear steers made to £0 and heifers to £5 15s. There was a small entry of dairy cows and a good demand for early calvers was evident. Backward springers were in poor demand. . Porkers were in medium supply. The sale was a keen one and prices were maintained. Baeoners sold better. Porkers made £2 10s Gd to £3 Is Gd, heavy porkers to £3 14s 6d (average price per lb lOd to lOId), baeoners’£4 8s 6d to £5, heavy baeoners to £5 h lls 6d (average price per lb BJd to 9d), choppers £3 to £8 3s Cd. There was a fair yarding in the store pig pens. Prices for weaners were a lilttie earner but large stores showed no change. Y’alues were: Large stores 38s to 4Cs Gd, medium stores 30s to 37s Gd, small stores 25s to 28s 6d,, slips 22s to 24s Gd, weaners 16s to 21s. WOOL PRICES MAINTAINED. EXCELLENT OFFERING IN LONDON. London, Sept. 23. At the wool sales 11.779 bales -were offered, including 4988 from New Zealand. Approximately 9570 were sold. There was an excellent offering of all New Zealand descriptions. Slightly better top prices were maintained. New Zealand best greasy halfbreds made 13d and halfbred slips lamps 12d. Greasy crossbred: Mangaohane, top 9Ad, average 9d. IMPERIAL SMELTING PROFITS. London, Sept. 23. Imperial Smelting, Ltd.’s, profit is £231,372, of which £35,300 has been brought forward. Dividends have been declared on ordinary at 5 per cent, and on preference shares at 6'/ 2 per cent. LIVE STOCK MARKETS. QUOTATIONS FROM FRANKTON. Hamilton, Sept. 23. Fat cattle and sheep were penned in heavy numbers at the stock sales at Frankton to-day. An average yarding of fat pigs met with fair competition while the rates for stores and weangrs were maintained. Quotations: Good-weight steers, to £l4 10s; medium-weight, £l2 5s to £l3 12s .Gd; good runners, £8 2s Gd; prime heifers, £8 17s fid to £lO Used; ordinary fat cows, £7 5s to £8 12s 6d; light Jersey cows and heifers, £4 12s Gd to°£s 15s; vealers, £2 Ils to £2 17s 6d:> prime wethers, 26s- Gd; unfinished wethers, 20s to 20s 9d; fat ewes, 14s to IGs 9d; unfinished ewes, 10s 9d; three-year-old steers, £9 15s; pen of Polled two-year-old steers, £7; pen of Red Polled yearling steers, £5 ss; pen of Shorthorn yearling steers, £5 2s Gd; yearling heifers, £4 10s to £5 7s fid; store cows, £3 15s to £5 10s; heavy baeoners, £2 18s to £3 ss; lighter, £2 14s to £3; piime porkers, £2 9s to £2 12s; choppers, £3 5s to £4 17s 6d; maiden sows in pig, to £0 15s; lq>-ge stores, £2 2s to £2 7s; medium stores, £1 16s to £2; slips, £1 10s to £1 las; best -weaners, £1 4s to £1 9s; smalli-weaners, 18s to £1 2s. SHAREMARKET TRANSACTIONS. Auckland, September • 24. —Sharemarket sales: Commercial Bank of Austra-. lia, 16s. Id.; Bank of New South Wales (late sale Monday), £3l. 55.,' £3l 2s. 6d. (Sydney register), £3l (3 parcels); South British Insurance, 565. Gd. (2 parcels); Bank of New Zealand, deb. mortgage, 275.; Huddart, Parker, 30s. ° Christchurch, September 24.—Sales on exchange: Bank of New South Wales, £3l; Bank of New Zealand, 545. 6d.; Union Bank of Australia, £9 55., £9 4s. fid.; Staples’ Brewery, 405.; Tooth’s Brewery, 225. Gd., 225. 5d., ‘22s. 4d. (2 parcels)”; British Tobacco (cum. div.), 31s. 4d„ 31s. 3d.. 31s. (2 parcels); Wilson’s Cement, 405.; Mahakipawa, 5d., 44d. (a parcels); Okarito, 6s. lOd.‘Sales reported: Bank of New Zealand, 545. 6d.; P. and O. deferred stock, 445.; National Bank of New Zealand, £5 7s. 3d.; Union Bank of Australia, £9 55.; Bank of New South Wales, £3l 2s. 6d., £3l ss. (2 parcels), £3l 2s. 6d. SALE OF OPOSSUM SKINS. PRICES HIGHER AT DUNEDIN. Messrs. Dalgety and Co., Ltd., report that at the opossum skin sale at Dunedin on Friday the offerings by all brokers cum prised 18,000 skins. There was a keen demand, and prices all round ruled from 3d.' to Is. higher. The following is the range of top prices for sound and well-stretched skins:—Blues, upto 10$., greys up to 7s. lid., reds up to 6s. 5d., blacks up to Ils., browns up to Gs. 3d. Skins from the VVanganui district averaged from 3s. Gd. to ss. Gd. all round.