FINANCE AND COMMERCE

Taranaki Daily News, 29 September 1930, Page 9

FINANCE AND COMMERCE

PRICES FOR FROZEN MEAT. LATEST LONDON QUOTATIONS. Rec. 5.5 p.m. London, Sept. 27. Friday’s closing prizes for frozen meat were:' — New Zealand frozen sheep.—Canterbury and North Island selected crossbred 'Wethers and maiden ewes, 481 b to 561 b, 5 5-8 d;. 471 b to 641 b, 5 3-Sd; Noith Island, 481 b to 561 b, 5Ad; 571 b to 641 b. 5 l-8d; 651 b to 721 b, sd; ewes, 181 b to 641 b, 3 5-8 d; 651 b to 721 b, Argentine sheep.—First quality crossbred wethers over 721 b, 4Jd. New Zealand lambs.—Canterbury, 371 b to 421 b, B§d; 431 b to 501 b, BJd; Second quality, average 311 b, 7Jd; other South Island brands 431 b to 501 b, 8 l-8d; selected North Island brands, 361 b and under, S 7-8 d; 431 b to 501 b, Bjd; second quality, average 311 b, 7 3-Bd. Australian lambs.—All States, third quality, 6 3-Bd. Australian frozen beef.—Ox hinds, under 16«Jlb, over 1601 b, sld. Argentine chilled beef.—Ox fores, i. 60 lb to 2201 b, 44d; ox hinds, 1601 b to 2201 b, 7Jd. New Zealand pigs.—First quality, 601 b to 1001 b, Ojd; 1011 b to 1201 b, 0d; others unchanged. BRISK COMPETITION FOR WOOL. BEST OF N.Z. CLIP BRINGS 20d. By Telegraph—Press Assn.—-Copyright. London, Sept. 26. At the wool sales 8200 bales were offered, including 4469 from New Zealand. Approximately 6370 were sold. There was a medium sized offering of greasy Merinos. Spinners wools were offered almost entirely on a speculative account. There was a good supply of scoureds.and a good selection of all New Zealand sorts. There was brisk 7 competition and prices were maintained. New Zealand greasy crossbred Glenralloch, top 9Jd, average BJd; Ngaio Old, Bjd; Tehau 103 d, lOd. The New Zealand scoured Merino combing clip Haldon reached 26d for the best lots. Greasy crossbreds brought 6-Jd to lUd; half-bred slipe lambs fetched 12jd. FEILDING STOCK SALE. PRICES SLIGHTLY EASIER. Feilding, Sept. 26. To-day’s stock sale was somewhat interfered with by heavy rainstorms, which blew across country. The attendance of buyers was less and stock yarded, excepting fat sheep, not up to previous sales either in numbers or quality. Fat hoggets and wethers were about up to last week, but ewes were easier. The few lines of store sheep offered attracted little attention, and the majority of pens passed. Dairy springing heifers, of which there was a large offering, sold well, though not up to last week, partly owing to the lack of quality. Fat cattle were easier. Store cattle.—The few lines which sold were scarcely worth quoting. Fat sheep. —Hoggets, woolly heavy, 295; good, 26s to 275; fair, 22s 3d; light lines, 17s 7d to 19s 6d; shorn hogget, 17s 9d; b.f. hoggets, 16s 9d to 17s 9d. Fat ewes. —Maiden, 22s to 235; shorn ewes, very good, 22s Cd; others, 15s 4d to 16s; older ewes, woolly, to 235. Fat two-tooth, heavy, 25s 3d; good weights, 22s to 235. Fat wethers. —Heavy, good condition, 28s to 30s; good weights, 24s ”d to 2os Cd; lighter, 18s. Stores.—Wether hoggets, very good, 19s 4d; medium, 14s Id, 14s 3d; twotooth ewes, 21s fld. Dairying springing heifers, best, £l4; good, £9 12s to £9 15s; medium, >7 to £9 ss; cows in milk, £7; second culvers, £6 10s; springing cows, poor, £6 Ids. Fat cattle.—Extra prime Hereford heifers, £l3 ss; mixed colours, medium quality bullocks, £l2 ss. • PEDIGREE BULL SALE. WAIKATO VALUES LOWER. Hamilton, Sept. 26. The annual sale of pedigree bulls, cinducted by the Waikato Combined Breeders’ Association, was concluded at Claudelands to-day, when the balance of the catalogue comprising 227 yearling and two-year-old Jerseys, was disposed Of. Only 142 of the total offering were sold to-day, the average price realised being about 14Agns, as compared with averages of 21-Jgns yesterday and liigns on the first day. The highest uriee obtained to-day was 40gns, paid by Mr. F. Strong, of Te Puke, for the yearling Restholme Chum, bred by Mr. J. J. Goodwin, of Morrinsville. The top prices on the first and second days were 37ghs and 50gns respectively. Following were the principal sales and purchasers today

Restholnie Churn, 40gns, Mr. F. Strong, Te Puke; Dalethorpo Royal, 39gns, Mr. A. Hannon, Kiokio; Fencourt Raleigh, 35gns, Semmons Bros., Tatuanui; Kerri View Noble Blue, 32gnn, '’Mr. S. Stewart, Paengaroa; Premier Rascal, 28gns, Messrs. Howard and Swede, vVaitoa; Taniwha Kudos, 27gns, Blind Institute; Kahuwera Ivanhoe, 26gns, New Zealand Loan and Mercantile Agency Company, Limited. Hamilton; Restholmo Corporal, 25gns, Mr. A. E. Missen, agent; the Oaks

lan, 24gns, Mr. M. A. Wilkins, Te Puke; the Oaks Royalty, 24gns, Mr. F. Hardy, Te Kuitj; Gay Cavalier, 24gns, Mr. F. W. Harris, Rotowaro; Keri View Iron Duke, 24gns, Mr. D. McLaughlin, Walton; Glencourt Dairyman, 24gns, Mr. E. F. Peacocke, Hamilton; Koro Koro Rupert, 24gns, Mr. H. Ferguson, Waihou; Tirohangas Bright Cid, 22gns, Mr. A. Cowley, Kaipaki; Cranleiglis Fox, 22 gns, Mr. A. N. Sutton, Waitetuna. Keri View Frisco, 21gns, Mr. W. West, Ohaupo; St. Clares Joe, 21-gns, Mr. Obourke, PukerimU; Claudelands Jimmy, Signs, Mr. F. S. Veale, Tauwhare; Claudelands Bruce, 21gns, Mr. D. Wilson, Silverdale; Premier Kings Guard, 20gus, Mr. B. Veale, Tirohia; Ebors Duchess Boy, 20gns, Mr. J. P. Keeley, Karapiro; Cranleigh’s Daytime, 20gns, Mr. C. W. Arnold, Matamata; Llangollen Chum, 20 gns, Mr. A. E. Higginson, Te Ptike: Seven Oaks Ambassador, 20gns, Mr. A. E. Missen, agent; Edgecote Pride, 20 gns, Mr. R. Clark, Hamilton; Kerri View Campanile, 20gnS, Mr. E. F. Peacocke, Hamilton; Claudelands 'Lively, 20gns, Mr. S. Handley, To Kowhai. N.Z. FARMERS’ CO-OPERATIVE/ MOTION TO RAISE DIRECTORS’ FEES By Telegraph.—Press Association. Christchurch, Sept. 27. At the annual meeting of the New Zealand Farmers' Co-operative Association a motion to increase the fee of the directors from £lOOO to £l5OO was defeated by an overwhelming majority after a keen discussion. The report and balance-sheet w<4e adopted. NEW COMPANY REGISTERED. Tho following details of the registration of a new company are announced: Geophysical Surveyors, Ltd., New Plymouth, private company. Capital, £lOOO into 1000 shares of £1 each. Subscrioers: Now Plymouth—N. Modriniak 509, M. K. McCleland 1; Palmerston North—C. V. Day 490. Objects: To undertake and perform contracts for geophysical or other surveys, to carry on business as mining prospectors, and to explore and advise on mining operations, etc. BUSINESS IN SHARE MARKETS. Wellington, Sept. 27.—-Sale on Exchange: New Zealand Breweries, 43s 6d. Christchurch, Sept. 27.—Sales on Exchange: Bank of New Zealand, 535; P. and O. (deferred stock), 43s 6d; Christchurch Gas (10s paid), 12s 6d; New Zealand Breweries, 44s (two lots); Mt. Lyell, 16s lid; Mahakipawa, S£d (two lots); Okarito, 7s 6d.

Auckland, Sept. 27.—Stock Exchange sales: New Zealand Insurance, 38s fid; Inscribed Stock, 1938, 4| per cent., £100; Mt. Eden debentures, 1964, 5J per cent., £97 17s 6d; Waihi, 14b Bd.