FINANCE AND COMMERCE

Taranaki Daily News, 23 October 1930, Page 3

FINANCE AND COMMERCE

LONDON DAIRY MARKET. The ' Anglo-Continental Produce Co., Ltd., reports through its local representative, Mt. H. M. Thomson, the following cable from its Rondon principals giving dairy' prices ruling on Tuesday :— “N.Z. Butter.—Quiet, 1145.' to 1165.; Danish, 148 s; f.o.b'. ; ■ Cheese.—White 765., coloured-725.

SHAREMARKET TRANSACTIONS.

Auckland, October 22.—Sharemarket sales: Commercial Bank of Australia, 175./:8d.; National Bank. o.f Australia (£5 paid), £6; Bank of New South Wales, £33; Bank of New Zealand, 545.; Tooth’s 'Brewery-, (late' sale 'Tuesday), 225.-6 d.; . Australia' Glass, 255.. 6<J. (2 parcels).; .. . -' 1 -‘ . , ■ ■ ■ - Christchurch, October 22.—Sales on exchange: Australian Bank of Commerce, 205.; Commercial. Bank .of Australia, 17s. Bd. (2 parcels)Goldsbrough, Mort, 20s. 6d., 205.. 10d.; British Tobacco, 325. (9 parcels); Electrolytic Zinc (pref.), 18s. 3d.; Mt. Lyell, 18s. 6d.; Winding Creek (9d..paid)', 2d. Sales ■ reported:. Commercial Bank- of Australia, 17s. ,7d.; Bank of New South Wales, £33 2s. 6d..; Bank of New Zealand (cum.: div.),■ 545. 3d.; Australian Glass, 25fci 6d.; British Tobacco,32s. (2 parcels), 31s. 9d.;. Colonial Sugar, ' £3l- 7s', 6d.; : Electrolytic Zinc, pref., 18s.; Mt. Lyell, 18s. ,4d., l.Ss. fid.

WAIKATO STOCK SALE. HIGHER KATE. FOR. BEEF. HIGHER RATES FOR BEEF. > By Telesrraph. l —Press Association. Hamilton. October 21.' Prices for an average yarding of fat cattle -were generally 15s. per head higher than last week’s rates at the stock sales at the Frankton yards to-day. A moderate offering of store cattle sold at full late rates. Rates remained firm for a : moderate entry of • fat sheep. All classes of fat pigs were, easier, while stores met with keen competition. Fat woolly wethers sold at 245. to 27 s". Gd., extra good woolly'fat hoggets, 255. 6d., small fat woolly hoggets 19s„ prime heavy bullocks >to £l4 12 s. 6d., prime medium-weight bullocks, £l3; fat young cows and heifers, £8 to £9. 7s. 6d., light fat cows £6 16s. to £7 17s. 6d., cows ar|l heifers £4 12s. 6d; to £7, small vealer.s 31s. t0.375,,’tw0 and three-year-old medium quality steers £5 55., small yearling .Jersey heifers £3 10s. to - £4 105.,. bulls, £5- to £6 10s., store cows £5 55., aged cows and boners £2 to £3 155., heavy baconers to £3, lighter to £2 145., porkers to £2. 95., large stores 38s. to 465., slips 295. to 365., best weaners -265. to. 295., smaller 21s. to 265., sows in pig £3 jOs. to £5 10s., purebred Tam worth . weaner boars 21s. FORDELL SPRING CATTLE FAIR. GROWN BULLOCKS IN DEMAND. The New Zealand Loan and. Mercantile Agency Company, Ltd., reports having held the Fordell cattle fair on Monday. Gattie came forward well up to advertised numbers, '750 in all. There was good competition for grown bullocks, "which were in very good order, but the sale lacked keenness in respect of younger cattle, owing, no doubt, to their being slack in condition and buyers

not yet ready to purchase freely owing to the shortage of feed. Vendors were apparently ready', to meet the reduced prices offering for cattle this,year, and 550 head were sold. Two particularly good lines, one of -four-year 8 and the other five and six-year-old bullocks, totalling 110, were disposed of on account of . Collins Bros., Maiigamahu, and realised £9 6s. and £lO 16s. respectively.. The following is. the range, of prices obtained: —Five and ,six.-year-old Polled Angus and Hereford' bullocks, £8 155., £8 Gd., -£9 75.;. three-year Polled Angus steers, v £7, £7 55.; three-year S.H. steers, £6 10s., £6 Ils. Gd. to £7 Ils. Gd.; four’and five-year coloured bullocks, £7 55., £7 10s.; two-year P-. A-. and Hereford steers, £4 18s. Gd. to ‘-&5 145.; twp and three-year Hereford steers, .£6 55.;- yearling ■ P.A. steers (poor), £3 10s.', £3 18s.; yearling P*A. m.s., £2 10s. to £3i (poor); two-year P.A. heifers (poor), £3 Ils. to £4 10s.; yearling. PA. .heifers, '£2 :10s. to £3 12si; good young cows, £5 10s. tops£s 155.; fat heifers, £8 35.; fat threeyear steers, £8 Is.; fat cows, £7 16s. Gd.; Jersey yearling heifers, £2 16s. (poor) to £6 Gs. In the sheep section tfyere was a poor sale, practically all the main lines being passed in. Sales effected were: Wether hoggets, (small), 12s. Gd.; ewe-'hoggets (small), 1,75. 3d.; Lincoln ewe hoggets, 21s. 2d. . NATIONAL BANK DIVIDEND. . Wellington, October 22. The assistant general manager of the National Bank of New Zealand, . Ltd., has received a cable message from the chief manager of the National Bank of Australasia/ Ltd., Melbourne,' -in- which he states: - The ■ board ■ of. directors .has decided, to pay interim dividend at rate of 9 per cent.-per annunr bit bo.th classes shares on November 26.

, Last year’s dividends- were at the rate of 10 per cent, per annum.