FINANCE AND COMMERCE

Taranaki Daily News, 24 October 1930, Page 12

FINANCE AND COMMERCE

AUCKLAND LIVE STOCK SALE. SHEEP AND CATTLE ITKM. Auckland, October 22. At W’estfield sale to-day there was a steady demand for cattle, with little or no variation in values from last report. Extra choice ox • sold to £1 19s. per 1001 b., choice and prime los. to £1 18s, secondary and plain £1 14s. to £1 15s. 6d, prime young cow, and heifer beef £1 14s. to £1 17s, ordinary cow beef £1 Bs. to £1 13s. Extra heavy prime steers ranged in price from £l5 15s. to £l6 10s, heavy prime steers £l4 10s. to £l5 12s. 6d, lighter prime £l3 to £l4 7s. 6d, light prime £ll to £l2 17s. 6d, small and unfinished £8 15s. to £lO 17s. 6d, extra heavy prime young cows and heifers £lO ,15s. to £4l, 17s. 6d, heavy prime cows and heifers £9 to £lO 12s. 6d, lighter prime cows and heifers' £7 10s. to £8 17s. 6d, other killable cows £5 15s. to £7 7s. 6d. j ■ Sheep. —Competition was keen and there was. no alteration in values from last report. Extra heavy prime wethers, in wool realised £1 Bs. 6d. to £1 I.os, .extra heavy prime wethers shorn £1 4s. to £1 ss, . heavy prime wethers in wool £1 7s, to £1 ■.85.,." heavy prime wethers, shorn, ,£l‘, i2S'i 6d. to £1 3s. 9d, medium to heavy prime wethers, shorn, £1 Js. to £1 2s. 3d, light to medium prime wethers, shorn, £1 to £1 os,, 9d, unfinished wethers, woolly, 17s. 6fL''to £1 3s. Od, unfinished wethers, shorn, 17s. to iSsl 6d, extra heavy prime young ewes in .wool, . £1 Is. to £1 3s, shorn, 165., to 18s, heavy prime owes in wool 17s. 6d. to £l, shorn 14s. 6d. to 15s. 6d, lighter prime ewes, shorn. 13s. to 14s. 3d, other ewes Ips. Gd. to 12s. 6d. ,

Spring Lambs.—Prices for, all prime lambs were about ss. a head better. Heavy prime lambs, made £1 ss. 6(1.-to £1 6s. 6d, lighter prime £1 3s. 6d. to £1 ss. 3d, light prime 19s. 6d. to £1 3s. 3d. _ Calves.—All good quality vealers met with a ready sale, but values were lower for rough and bucket-fed sorts. Runners made £4 10s. to £7 Bs, heavy vealers £4 Bs, to £5, medium £3 10s. to £4 2s, light £2 15s. to £ 3s, small vealers £1 16s. to £2 2s, bucket-fed calves £1 ss. to £1 10s, rough and • unfinished 16s. to £1 fcs.', small and fresh dropped 4s. to 15s. . '■ ‘ ' ..'■•, ' < • '

Pigs.—There was no improvement in prices. Choppers made £2 10s. to £3 18s., heavy baconers £3 to £3 10s. for a pen of extra heavy pigs, light and medium £2 14s. to £2 18s., heavy porkers £2 10s. to l3s., light and medium £2 3s. to £2 Bs., small and unfinished £1 12s. to £2. No large stores were offered. Best slips made £1 7s. .to £1 10s., good weaners £1 3s. to £1 55., others 18s. to 20s. .

LIVE STOCK AT ADDINGTON. ' DECLINE IN BEEF VALUES. ■ , Christchurch,. October 22. There were fairly heavy increases in entries in all the sections at Addington market to-day. There was a decline in beef values. Store Sheep—The sale throughout, though ' irregular, / was satisfactory. Values were: Medium ewes and. lambs (all counted), 12s. 6d. to 14s. Id., ordinary ewes and lambs (all counted), 9s. to 125., backward ewes and lambs (all counted) 7s. to Bs., good ewe hoggets to 205., 7d., mixed-sex hoggets to 95., medium four-tooth halfbred wethers to 195., medium shorn halfbred wethers to 14S. lOd. • '/

Spring lambs recovered ss. of the 10s. drop recorded last week. The yarding was 180, compared with 314 'last week, and was of very good quality. Prices were equivalent to Is. to Is. Id. a lb. Values, werp: Extra prime lambs to 375. 7d., prime lambs 31s. 6d. to 335. Gd., medium lambs 28s. 6d. to 315., light lambs 245. to 28s.

Fat Sheep.—The entry of fat sheep was larger than that of last week, numbering 4000, compared with 3200. Over the whole sale values were practically on'a par. with, those ruling last week. Values were: Extra prime heavy wethers to 375. 7d., prime heavy wethers 295. 6d. to 353. Gd., medium weight prime withers 275. 6d. to 295., second quality wethers 255. to 275., light wethers 21s. 6d. to 245. 6d., extra prime, ewees to 345. Id., prime ewes 255. 6d. to 295. 6d., medium ewes 20s. to 245. 6d., light ewes 17s. to 19s.

Fat Cattle. —There was a total of 430 head offered, including North. Island lines. The best medium weight prime beef made from 455. to 50s. per 1001 b., heavy steer beef from 375. 6d. to) 425., cow beef to 425., ordinary beef 335. to 3Gs., and rough, down to 2,75. Gd. per 1001 b. Values were: Extra prime heavy steers to £26 2s. 6d., prime heavy steers £lB to £2l 10s., prime medium weight steers £l4 10s. to £l7 10s., medium quality steers £ll 10s. to £l4 55., light steers £8 10s. to £ll 55., extra prime heifers to £lB 17s. 6d., prime heifers £l2 10s. to £l5, 10s., medium heifers £lO ss. to £lO 155., light heifers £7 to £lO, extra prime cows : to £lB 17s. 6d., prime cows £l2 to £l5, medium cows £9 15s. to £ll 10s., light and aged £6 10s| to £9 ss. ( ■ ’ . J Vealers.—There was a small yarding of vealers, and the quality was indifferent.! The sale was a good one and prices advanced by about 15s. a head. Values were: Small calves 245. to 305., medium calves 335. to 455., large calves. 60s. to 605., runners £3 ss. to .£6 Bs. Gd.

Store Cattle.—The entry of. , -store cattle was a little smaller than last week’s, and the quality was verymixed, the offering, including a number of backward sorts. A pen of twd and a half to three-year-old Shorthorn steers sold at £lO, good /fresh cows made up to £6 10s., and others, about £4 ss. A siUall pen of yearling heifers made £3 6s. Dairy Cattle. —The offering of dairy' cattle was slightly smaller than last week, and was fair in qualify. Good third and fourth calvers. made £lO to £l2 Lss., medium sorts £7 10s. to £9 10s;, inferior sorts £4 to £5 10s., good springing heifers £8 10s. to £lO 155., medium •sorts £7 to £B, inferior sorts £4 10s. to £5 10s.

Fat Pigs.—There was a medium yarding. of porkers in the fat pig section. Prices eased by about ss. to 7s. a head, or Id. a lb. Values v'ere: Porkers 455, to 555., heavy, porkers 575. Gd. to 595. Gd. (average price per lb. 7id. to BJd.), baconers £3 Bs. 6d. to £4, heavy baconers to £4 14s. 6d. (average price per lb. 6,id. to 7<J.), - chopeprs £3 to £3 10s.

Store Pigs.—The yarding of stores was a medium one. Values were: Large stores 38s. to 455. 6d., ’medium 325. to 375. 6d., slips 275. to 31a. 6d., good weaners 225. to 28s. 6d., others 15s. to 20s.

PRICES AT BURNSIDE MARKET.

CATTLE AND SHEEP SELL WELL.

Dunedin, October 22.

There was a good sale for fat cattle and sheep at Burnside to-day; but lambs were easier. Store cattle sold at late rates and baconer pigs showed a drop in price.

‘The fat cattle entry consisted of 234 head of average to rime quality bullocks, including a few pens of extra

heavy animals, and a small number of prime heifers and cows. The demand was not very keen at the opening, and prices showed a reduction of 7s. 6d. to 10s. a head. Competition brightened as the sale progressed, and late values were about on a par witlr last Week’s rates. Prime heavy bullocks made from £24 to £25 ids, medium £2l ss, light £l5 10s;, heavy heifers £l4, medium £l2 15s, light £lO ss, heavy cows' £l5 and medium £l2 10s.

The sheep entry comprised 1820 head of fair to prime quality, the yarding including a number of medium sheep, several pens of fine wools, a few extra, heavy crossbred wethers and about 30 good hoggets. The sale opened at a reduction of about 2s. a head, but the market recovered quickly. Export buyers operated, and this resulted in a rise of about Is. a head. For ewes, closing values were equal to those realised at the previous sale. Extra prime wethers made 425. 3d. and prime 395. 3d, while extra heavy ewes sold at 275. 3d. and heavy at 30s. Good hoggets realised from 20s. to 255. 3d. a head.

The quality of the 44 spring lambs offered was a shade better than last week. The yarding met with a brisk sale, but prices showed a reduction of about Is.' a head. Prime lambs sold to 365. 9d, medium weights 295, light weights 275. Store Cattle.—The entry consisted of less than 100 headf The quality was indifferent, and the entry comprised cows and young cattle, there being no bullocks forward. All classes met with a slow sale, and prices were unchanged. In the pig section 83 fats and 56 stores were, offered, quite sufficient for requirements. Porkers were sold at firm rates, but baconers easier to the extent of about ss. a head. The prices realised for prime porkers \yere equivalent to B|d, and prime baconers about 72d- per lb. > !

JOHNSONVILLE SALE.

PRICES MAINLY STEADY.

At Johnsonville on Wednesday a medium yarding/ of good quality cattle and a large , yarding of all classes of sheep were offered. The cattle yarded comprised mostly of good heavyweight bullocks, with a few pens of medium arid lighter sorts. Only one pen of cows and heifers was yarded, no vealers coming forward. Prices for heavy bullocks .were on a- par with last week’s rates, but competition was not keen for medium and unfinished cattle. The sheep yarded comprised several pens of good heavy wethers, wliich met with keen competition and sold on a par with last week’s rates. Woolly ewes were dull of sale and showed a further drop of Is. per head. Shorn ewes sold well. Hoggets and spring lambs sold at prices slightly firmer than ruling last week. Prices ranged as follow: —Extra heavy bullocks, £l7 15s, £l7 10s, £l7 ss, heavy bullocks £l7, £l6 15s, £l6 12s. 6d, £l6 7s. 6d, £l6, £l5 15s, medium bullocks £l5 2s. 6d, £l4 17s. 6d, £l4 12s. 6d;, £l4 ss, light and unfinished bullocks £l3 15s, £l3, £l2,- £ll 12s. 6d, £lO 15s, light heifers £8 7s. 6d, £8 2s. 6d, £7 15s, dairy cows £5 15s, £5 10s,,'heavy woolly wethers 31s. 6d,. 30s ? 295. 9d., medium woolly wethers 275. lOd, 275. (id, 275, heavy .shorn wethers 28s. 4d, 275. 6d, 275, extra heavy woolly ewes 21s, 20s. 6d, 20s. 3d;, woolly ewes 18s. 9d, 18s. 4d, 18s, heavy shorn ewes 17s, 10d,., 17s, medium shorn ewes 16s. 6d, 16s, hoggets 235. 6d, 235, 21s. 9d., 20s. 6d, spring lambs 225. 9d, 21s. Bd, 21s. Id, 20s. lOd, 20s. 4d, 20s. Id, IBs. 7d, 175., 2d.

NEW PLYMOUTH MARKETS.

PRICES FOR DAIRY FARM PRODUCE.

Prices for dairy farm produce ruling in New Plymouth this week were:— Buying. Selling. ' . . ■ z , / ; 4. d. B.’d. ‘ Hams ... 12. Bacon'(rolls) ’ 1 2

Bacon (sides) ......... 1 0 Butter (creamery), pats . 14 Butter (best separator), pats 11 1 1 Butter (separator) lump 10 1 0 Eggs 1 2 1 4

SHAREMARKET TRANSACTIONS.

Auckland, October 23. —Sharemarket sales: Borough of Mt. Eden, 1964, SJ, £97 155.; Gisborne Sheepfarmers, £B7; Commercial Bank of Australia, 18s.; National Bank of Australasia, £5 paid, (late , sale Wednesday), £G Is. Gd.; Bank of New South Wales, £33 7s. Gd.; New Zealand Insurance, £2 Is. 9d.; Auckland Gas, 235. 3d.; Australian Glass, 265. Gd.;' British Tobacco, 325. 3d.

GUARDIAN TRUST COMPANY.

BUSINESS EXPANDS STEADILY.

At the annual meeting of the South British Insurance Company and the Guardian Trust and Executors Company, held at Auckland yesterday, Mr. V. J. Larner (acting-chairman of both companies) said it /was gratifying to note the steady expansion in the business of the trust company. From estates of the value of £15,000 in 1915 it had now under its control assets and trusts of the value of £9,738,000. Its success had been due in no small measure to the loyal support it had received, and continued to receive from the shareholders and the legal profession. A.t the same time the fact that its facilities were being availed of more and more by the general public was convincing evidence that the service it offered was making a wider and. wider appeal. Since the closing of the accounts the paid up capital of the trust had been .increased to £lOO,OOO, giving clients and beneficiaries an even greater sense of security than before. The experience of the Guardia n Trust and other trust companies was showing very definitely that there was an ever increasing appreciation by the public and by the legal profession of. the value of the services they offered and the security they gave to beneficiaries. It had been said that such companies stood somewhere between the old system of private trustees and a purely State institution, and it had also been claimed that they combined to a very large extent the advantages of both systems, whilst avoiding many of the disadvantages. This certainly applied very strongly to the Guardian Trust Company; it was a definite part ''f the policy that clients should .feel not only that at all times they could call for helpful advice and counsel, but also that the company was always ready to take a human interest in the affairs of beneficiaries.