FINANCE AND COMMERCE

Taranaki Daily News, 3 October 1930, Page 12

FINANCE AND COMMERCE

NEW PLYMOUTH MARKETS. New Plymouth market prices this week were:—

DAIRY PRODUCE MARKET. ■ The New. Zealand Loan and Mercanti.'e Agenyy has received the following caiiled advice from London dated October I:—Butter: New Zealand choicest salted. this season, J 22s to 1245, market slow; stored, 120 s. slow, stored, 120 s.’ Cheese: White, 73s to 745; coloured, 72s to 735. GALE'AT JOHNSONVILLE. EWES AND LAMBS BRING LESS. J At Johnsonville sale on Wednesday an average yarding of cattle and a large yarding of sheep and lambs were offered. Good heavyweight bullocks sold at prices on a par with last week’s rates, but plainer sorts werq dull: of sale. Wethers which were of good quality met with a god demand at last week’s rates, but ewes showed a decline of Is. to Is. 6d. per head. Spring lambs also suffered a decline to the extent of 3s. per head, while hoggets were keenly sought after. Prices ranged as follow:—Heavy bullocks, £l7 55., £l7, £l6 17s. 6d., £l6 155., £l6 55., £l6 2s. 6d.; medium bullocks, £l4 12s. 6d., £l5 55., £l4 17s. 6d., £l4 10s., £l4 2s. 6d.; light and unfinished, £l3 55., £l2 125., . £ll 7s. 6d., £lO 155.; cows, £ll 7s. 6d., £lO 155., £lO 55., £9 175.; small vealers, £2 55., £1 155., £1 Ils., £1 65.; extra heavy wethers, 315., 305., 295. 9d.; heavy wethers, 295., 28s. 6d., 275. 6d.; b.f. ’wethers, 265. 9d., 255. 6d„-245. 6d.;' shorn wethers,. 235., 22s 3d., -Id.; extra heavy ewes, 245.' 6d., 245., 235. 9d.; heavy ewes, 235. 6d., 235.’, 225.- 9d.; medium ewes, 21s. 6d., 215., 20s. 7d.; hoggets, 225. 6d., 225. Id., 21s. 10d., 21s. 6d., 215.; lightweight hoggets, 205., 19s. 9d., 18s. 9d.; spring lambs, 30s. 6d., 295. 9d., 28s. 6d., 275. 3d., 265. 4d., 255. 9d., 245. 6d., 235., 225., 215., 20s. 7 PEDIGREE BULL SALE. PRICES AT TE AWAMUTU. Te Awamutu, October 1. The Te Awamutu Jersey Club’s annual sale of- pedigree bulls! was held today, and attracted a large attendance of dairymen and y breeders. Three auctioneering firms operated. Bidding was at times animated. Special interest centred in the judging of the entries before the sale. .Following were the. awards: —Yearlings: G. S. Clarke’s Beauvelande Denis 1; F. J. Ryburn’s The Oaks Fancy Box, 2; Hamilton Allen’s Baron Winsome of Woodcrest, 3. Two-year-old and over: A. H. Storey’s-Premier Pretty Boy, 1; Chajja Sing’s Mona Master Lady, 2; W. C. Hermann’s Waiora Fancy’s Faster, 3. { - • • The top price at auction was obtained for J. G. -Holmes’ H. O, Knight Gander, which was bought , by J. A. Jamieson, Korakonui/’ for 35 guineas The same price was obtained for Mr. Clarke’s Beauvelande Denis, which was purchased by Mr. F. Bird, Pirongia. Ten others made 20 guineas or over. z - HIDE, WOOL AND SHEEPSKIN SALE. . PRICES AT NEW* PLYMOUTH. The firm of L. A. Nolan and Co. reports holding its four-weekly sale of hides, wool and sheepskins in New Plymouth op Tuesday. A full catalogue was submitted to a full bench of buyers. Competition , was well maintained throughout the sale. Hides sold at from par to a farthing better than last month —the | appreciation being most noticeable iri medium and better class heavyweights. Sheepskins in sympathy with the wool .and pelt markets were easier all round. Only oddments of wool were offered, and found a market at rates considerably- lower dhan last month’s. Present indications suggest lower level of prices for the forthcoming wool season. Tallow was sold at slightly lower prices than those for last month. The only cheering feature of the sale was the evidence of a better general competition for hides. Quotations are:— Hides: Ox, extra heavy 5Jd, heavy 41d. to 5 5-Bd., medium 4 5-Bd. to 5 5-Bd., light 5 l-Bd., cut 3 5-Bd. to 4 5-Bd.; cow, extra heavy sd. to 5 5-Bd., heavy to 5 l-Bd., medium 4 Id. to 5Jd., .light 4 l-Bd.’ to 5 5-Bd., extra light 4jd., cut 3Jd. to 4|d., slippy 3d. to 3Jd-, cu t and slippy 1 7-Bd.; yearling, extra heavy s|d., heavy 6 3-Bd., medium 6 5-Bd., light 4}d., cut 4d., slippy ILL, cut and slippy 2d.; calf,- heavy 10d., medium 9 7-Bd., light 9|d., extra light 9 l-Bd., cut 8 l-Bd., slippy 6gd., cut and slippy 5d.; horse, extra heavy, ss. 9d., medium 3s. 6d., extra light 15.,-cut 2s. and 35.; bulls, 14 d.

Sheepskins. —Salted at per , each: three-quarter wools, 3s. 7d., 3s. Bd., 3s. 9d., 3s. 10d., 4s. Id., 4s. 4d.; half-wools, 2s. 7d., 2s. 9d.,-3s. Id., 3s. Cd.; hoggets, 25., 2s. Cd., 3s. 10d.; damaged, 7d. to 3s. Id.; dead, Is. 9d.; lambs, Is. lid.; spring, 7d. Dry at per lb.: Three-quarter wools, _44d., 5d., 54d., s§d.; half-wools, 3Jd. to 4d.; quarter-wools, 3Jd.; pelts, 2fd.; damaged wool, IJd. to 3|d.; lambs, 5d.; damaged, 2d. to 4|d.; hoggets, 5Jd. to 7d.; dead, 3:1d.; damaged, 2Jd.; black damaged, 2d. Wool: Fleece 43d.; dead 3Jd., black 2d., erutchings, etc., IJd. to 13d., hoggets Tallow: Tins, 12s. Cd., 145.; drums, 12s. pel - cwt. Horsehair: Tail, 10d.; mane, Cd. Horsetails, Is. Cow tails lid. per dozen. SHAREMARKET TRANSACTIONS. Auckland, October 2.—Sharemarket sales: Inscribed stock, 1938, 4.) per cent., £99 15s; City of Auckland, 1940, 5J per cent., £9G; Commercial Bank of Austral i i (late sale Wednesday), 14s 9d; Lank of New Zealand, 49s 9d (three parcels); D pref., 26s 2d; Union Bank, i’S 10s; New Zealand Insurance, 3Ss (two parcels); Farmers’ Trading (B pref.),' Christchurch, October 2. —Sales on .exchange: Commercial Bank of Australia. 15s 4d (two parcels), 15s 3d (two parcels);. Australian Bank of Commerce. 17s Cd; Bank of New Zealand, 49s Cd ,i_. - parcels), 49s 9d, 50s (two parcels). 49s lOd (two parcels); New Zealand Breweries, 42s 2d, 43s (two parcels), 43s 3d, 43s sd; Mahakipawa, 8d (trio parcels). Sales reported: Commercial Bank of Australia. 14s Bd, 14s !>d, Ids 7d; Bank of New Zealand, 49s 9d, .jOs-, British Tobacco, 28s 5d (two parce.e) ■,

MANAWATU JERSEY SALE. REALISES G 1 GUINEAS. By Telegraph.—Press Association. Palmprston N., Last Night. The eighth annual Manawatu Jersey hull and heifer show and sale was held to-day at the showgrounds at Palmerston North. A catalogue of 73 lots was submitted to a representative bench of b lycrs, 49 animals being disposed of at sat’sfaetory prices. Forty-one males avera-'nl a fraction over £3O and eight females a fraction over £2O. A number <;f lots was passed in, failing to reach the vendors’ reserves. The highest price was 61 guineas for the bull Crucible, sold on account of Mrs M. J. Price, Aorangi, the purchasers being Seifert and Larsen, Maugawhata. A yearling heifer, on account of Mrs. L W. Rata\ale. Levin, was purchased by F. J. Saxby, Waikato, the price being 50. guineas. WOOL SALES AT DUNEDIN. POOR PRICES REALISED. By Telegraph.—Press Association. Dunedin, Octboer 2. There was poor competition for the supplementary wool sale held yesterday, with many passings. A total of 1400 bales was offered, and local buyers provided the bulk of the competition. Fleb e wool showed a drop from the July sale of lid to 2d while for pieces_and crutch- , ings the decline was 2d to 3d. LONDON PRICES MAINTAINED. By Telegraph—Press Assn. —Copyright. London, October 1. At the wool sales 11,896 bales were offered. Of these approximately 7100 were sold. There was moderate selection of greasy merinos. The principal feature of.the West-Australian clip was a good offering of scoured. All New Zealand softs were offered. There was fair competition, and prices were unchanged. The large withdrawals were chiefly due to the high. limits. Queensland, greasy combing,' Amby Downs, brought top price 11 3-4 ff, aver'age scoured, Marathon, 28d and 23>]d; New Zealand, greasy crossbred, Otairi, to 9d. SLUMP IN RUBBER PRICES. British Wireless. Rugby, October 1. Oil the London Exchange to-day rubber touched a new low record at 3 5-Sd per lb. , BURNSIDE STOCK MARKET. FAT CATTLE MUCH FIRMER. Dunedin, October 1. Fat cattle solid at advanced rates at the Burnside sale to-day, the market being much firmer than for several weeks past.' In the fat sheep section prices for'heavy prime wethers -we- j unchanged. Medium-weight wethers were disposed of at cheaper rates in the early sales, but firmed to some degree later. Unfinished sheep met with a low 'sale and heavy ewes sold at a reduction of Is Gd to 2s a head. The first of the season’s spring’lambs were yarded. Only two lambs comprised tlic entry, which came from the Milton district, and these sold at 38s and 26s respectively, the prices being equivalent to about Is Gd a lb. There. was a fair demand for store cattle of good quality. There was little life in the pig section and a drop in values was recorded. The fat cattle entry totalled 164 head. Very few extra prime'animals were forward. One or two pens of extra good quality bullocks were offered, but the bulk of the entry was composed of ium heifers and cows. There was good competition and prices showed an ad-’ vance of £1 to £1 5s for all prime quality animals. Extra heavy bullocks sold from £22 10s to £24 10s; medium, £l9 . 10s; light, £l6; heavy heifers, £l4; medium, £l2 10s; light, £lO 15s; heavy cows, £l5 10s; medium, £l3 10s; light, £lO 10s. Extra hpavy ox beef brought about 50s per 1001 b.; prime light beef, 52s Gd; heifers, about 455; and cows, from 30s to 35s per 1001 b. A yarding of 2200 head of sheep was made up of several pens of extra prime heavy wethers, the balance being light wethers with a few pens of heavy ewes and a fair proportion of light and unfinished sheep. Extra prime wethers sold to 375; prime, 34s 9d; medium, 30s; extra prime ewes, 30s; prime, 2Ss 3d; medium, 245. Prices obtained for heavy wethers were equivalent to 4jfd, and for prime light wethers about per lb., while the values for heavy ewes were about 3£d a lb. An entry of 65 store cattle included 15 three and four-year-old bullocks, but the bulk of the yarding consisted of cows. One pen of forward bullocks sold to £l2 15s, and a. pen of three-year-old bullocks realised £9 17s 6d. The pig entry comprised 54 fats and 60 ■ stores. -Competition was not keen and fat pigs sold at a reduction of about 5s a head. Prices for prime baconers were equivalent to 9d a lb., and for prime porkers 9Jd a lb. ‘

/ Buying. ■’ s. d. Selling. S. (1. Hams . ' 1 2 Bacon (rolls) I 2 Bacon (sides) • 1 0 Butter (creamery), pats . 1 4 Butter (best separator 11 1 (pats) Butter (best separator) pats) ....... . . .;. 11 1 1 Butter (separator) lump 10 1. 0 Bggs 1 3 1 5