FINANCE AND COMMERCE

Taranaki Daily News, 9 June 1931, Page 12

FINANCE AND COMMERCE

SUNNYCROFT COWS AND PIGS. GOOD PRICES REALISED. A successful dispersal sale was conducted by the Farmers’ Co-operative Auctioneering Company, Ltd., at Te Kauwhata on Friday, when the whole of Mr Rock’s Sunnycroft dairy herd apd pedigree Berkshire pigs were disposed of. There was the largest attendance that has been seen at a clearing sale for some years, says the New Zealand Herald, buyers being present from all over tile Auckland province. Bidding was brisk and everything changed hands at satisfactory prices. The dairy cattle came forward in good coudition and were keenly sought after. Best Jersey and Jersey-cross cows sold at from £lO 10s. to £l3 155., later calves £8 to £9 10s., Jersey-Shorthorn cross cows £8 10s. to £9 55., FriesianShorthorn cross cows £7 10s. to £8 55., dairy, cows, late calvers, £5 to £6 10s., dairy heifers, close to profit, £8 to £9 55.. backward heifers £5 to £6, Jersey heifer calves £3 as., pedigree Jersey bulls up to 8i guineas, Berkshire sows in pig from 8 guineas to 10J guineas, Berkshire sows in pig, backward, 4 A guineas to 6 guineas; aged Berkshire sows 2 guineas to 3| guineas, weaner Berkshire boars guineas to 2 guineas, weaner Berkshire sows 16s. to 235., ewes in lamb 13s. Id. DOMINION WOOL SALES. , PAST SEASON’S OFFERINGS. A total of 439,417 bales of wool "was sold at New Zealand sales during the 11 months ended May 31, 1931, compared with 446,253 bales sold during the corresponding period of the previous season. Offerings over the period at 488,731' bales, however, were 7699 bales lower. A total of 55,090 bales was offered in Auckland during the 11 months, and 44,446 bales, sold, compared with 55,229 and 44,029 respectively. ■Wool exports for the 11 months w’ere 626,761 bales, compared with 536,106 'bales for the corresponding period of 1929-30. GOLDSBROUGH, MORT, LTD. DIVIDEND OF Is. PER SHARE. The secretary of the Auckland Stock Exchange has been advised that the directors of Goldsbrough, Mort, Ltd., have recommended a dividend s of Is. a share for the year, payable in Melbourne on June 26. For a number of years the company paid a dividend for the year of 15 per cent.,' but for the year ended March, 19.30, a reduction of 5 per cent, to 10 per cent, was made. The usual interim dividend of 5 per cent, was not paid in December last, the directors announcing that they would defer consideration of a dividend payment until the figures for the full yeqr were available. i MUTTON AND LAMB FIRM. BETTER PRICES IN LONDON. Lamb market: Very firm at better prices. Demand is good. Mutton market: Wethers and ewes, stocks decreasing. Both firm in sympathy with lamb. Frozen beef: Depressed. New Zealand porker pigs: Market is dull; little business doing. N.Z. baconer pigs: Nominal prices. Continental bacon prices remain low. The above report was received on Saturday by the New Zealand Meat Producers’ Board from its London office, which advises that the following are the approximate average prices realised for the week ended June 5, based on actual transactions of wholesale quantities of the descriptions of meat meriioned, and are for representative of the goods offering during the week, being for' business done on the basis of delivered to Smithfield market and/or ex London stores. Prices for the two previous weeks are also shown:— N.Z. Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 48 to 561 b., 5Jd. (5d., 4 5-8 d.); 57 to 641 b., sd. (4jd.» 4 3-8 d.); 65 to 721 b., 4 5-Bd. (4Jd., 4 l-8d.); North Island crossbred wethers and maiden ewes, 48 to 561 b., sd. (4|d., 4Jd.); 57 to 641 b., 4|d. (4Jd.» 4Jd.); 65 to 721 b., 4Jd. (4 3-Bd., 4d.); ewes, 481 b. and under, 4 3-Bd. (4 l-Bd., 4d.); 48 to 641 b.- 4d. (3 7-Bd., 3 5-8 d.); 65 to 721 b., 3|d. (31d., 3id.). New Zealand Lambs. —Canterbury, 36 lb. and under, 7 7-Bd. (7 5-Bd., 74d.); 37 to 421 b., 7 5-Bd. (7Ad., 7 3-8 d.); 43 to 50 lb., 7Jd. (7id., 7£d.); second quality, average 331 b., 6 7-Bd. (6|d., 6£d.); other South Island brands, 361 b. and under, 7 5-Bd. (84d., 7 3-8 d.); 37 to 421 b., 7id. (7id., 71d.); 43 to 501 b., 7 l-Bd. (7 l-Bd., 7|d.); selected North Island brands, in-cluding-Down, 361 b. and under, Bd. (71d., 7 5-8 d.); 37 to 421 b., 7fd. (7 5-Bd., 7Jd.); 43 to 501 b., 7id. (71d., 7£d.); second quality, average 311 b., 6|d. (6 Id., 6|d.); other North Island brands, first quality, 361 b. and under, 7Jd. (7d., 7d.); 37 to 421 b., 7 I-Bd. (7d., 7d.); second quality, average 311 b., 6 5-Bd. (6Jd., 6 l-Bd.). Australian Lambs—Victorian, first quality, 361 b. and under, Gfd. (6d., s|d.); 37 to 421 b., 6 l-Bd. (6d„ 53d.). Argentine Lamb. —First quality, 361 b. and under, (Gd., s|d.); 37 to 42 lb., Gd. (53d., 5J d.). New Zealand Beef. —Not quoted. Argentine Chilled Beef. —Ox fores, 23d. (2 3-Bd., 27-8 d:); ox hinds, (53d., 63d.). ‘ . Australian Frozen Beef.—Ox crops, over 1001 b., 2 l-Bd. (2<d., 23-8 d.); ox hinds, over 1601 b., 33d. (3 3-Bd., 3 3-Bd.)< New Zealand Prime Porker Pigs. — 60 to 1001 b., 53d. (53-, 6d.); 101 to 120 lb., 5Jd. (53d., 53d.). New’Zealand Prime Baconer Pigs.— 121 to 1801 b., s<l. (53d., 53d.). New Zealand Frozen. Veal. —Not quoted. FLAX-GRADING RETURNS. TOTALS FOR THE DOMINION. A marked decrease is revealed in a return showing the quantities of hemp, tow and stripper slips graded at the various ports of the Dominion during May, compared with the totals for the same month last year. The total amount of hemp graded at Auckland, Wellington, Foxton, Picton, Blenheim, Dunedin, Bluff, Christchurch and Lyttelton last month was 1409 bales, compared with 4623 bales in May of last year, a decrease of 3214 bales. The largest quantity graded was in the low fair section, with G 23 bales, there being 536 bales of high fair, 148 of good fair, 55 of common and 47 of rejects. The largest quantity was graded at Wellington, where there were G 64 bales. There were 287 bales of hemp graded, compared with 1155 bales in the corresponding month last year, a decrease of 868 bales. Over 75 per cent, of the total quantity last month was second grade, there being no first grade, 67 bales of third grade and three condemned. In this section also, the greatest quantity was graded at Wellington, where 120 bales were handled. No stripper tow was received a.t any port. Stripper slips were confined to the Bluff and Dunedin, there being 20 bales'

graded at Dunedin and four at the Bluff. The whole amount was second grade. In May of last year the total was 84 bales, last month’s return showing a decrease of 60 bales. The flax-grading returns for the port of Auckland for May are as follow, those for the previous month being given in parentheses: — Hemp. —High fair, 31 bales (358 bales); low fair, 152 bales (nil); common, 13 bales (17 bales); rejects, nil (2); total, 196 (424). To W —No. 1, nil (12 bales); No. 2, 29 bales (66 bales); No, 3, nil, (11 bales); condemned, 1 (1); total, 30 (9°). . DAIRY PRODUCE MARKET. LAST WEEK’S QUIETNESS. With stocks little more than' onehalf of those of a year ago, the butter market shows no signs of improvement. The London market is quiet, New Zealand finest salted being quoted on Friday at 110 to 1145., a decline of 2s. to 3s. on the week. Danish, on spot, was quoted at 117 s. to 120 s. Retail prices are unchanged. Stocks of New Zealand cheese are 50 per 'cent, greater, than those of a year ago. The market is steady, white at 545. to 555., and coloured at 565. to 585., the latter being Is. down on the week. Canadian old season’s is firm at 70s. to 765., or 17s. to 18s. better than New Zealand. The Dairy Board has received the following report from its London office, the previous week’s prices being shown in parentheses: — Butter. New Zealand. —Salted, 110 s. to 114 s. (113 s. to 1165.; June 6, 1930, 1245. to 128 s.); unsalted, H4s. to 118 s. (114 s. to 118 s.; June 6, 1930, 138 s. to 1425.); first whey, 104 s. (106 s. second whey, 102 s. (1045.). Australian. —Salted, 108 s. to 110 s. (110 s. to 112 s.); unsalted, 109 s. to 112 s. (110 s. to 1145.). Argentina.—Unsalted, 108 s., 110 s. to 112 s. (108 s. to’ll2s.). Irish. —Cream, salted, 112 s. to 114 s. (1135.). Danish.—llls, f.0.b., 117 s. to 120 s. spot (1135.; 119 s. to 1205.). Dutch. —Unsalted, 112 s. to 116 s. (112 s. to 1165.). Esthonian. —'Salted, 108 s. to 110 s. (not quoted); unsalted, 110 s. to 112 s. (not quoted). Latvian.—Salted, 108 s. to 110 s. (1125.). Siberian. —Unsalted; 106 s. to 108 s. (108 s. to 1125.). The board lias also received the following advice from its agents in Canada: BiTtter: New York, 23J- cents (lli|d.); Montreal, 20J cents (10 3-Bd.) per lb. ■ ' Cheese. New Zealand. —White, 535. to 555. (535. to 555.; June 6, 1930, 70s. to 775.); coloured, 565. to 58s. (575. to 595.; June 6, 1930, 82s. to 835.). Australian. —Coloured, 565. to 57 s. (565.). South African. —50s. to 525. (50s. to 525.). "Canadian.—White and' coloured, 70s. to 745. to 765., last season’s (70s. to 745. to 765.). The Dairy Board is advised that this season’s Canadian cheese and butter had not yet officially been quoted. Arrivals, Canadian cheese, 2300 boxes. C.i.f. quotations, coloured cheese, 575.; buttei. 107 s. Expect 11,000 boxes arrive this week. Stock and Deliveries. The Empire Marketing Board’s estimate of the stocks of all butters as at May 30 is 558,242 boxes, as against 1,030,635 boxes at the corresponding date of last year. Deliveries of New Zealand butter for the week ended June 4 were 1590 tons, as against 1266 tons a year ago. The quantity in store, including 215 tons ex the Rangitane, is 6719 tons, as compared with 11,030 tons a year ago. Deliveries of Australian- butter for the week were 1212 tons, as against 900 tons and the stocks 2412 tons, as against 3485 tons a year ago. Deliveries of New Zealand cheese for the week were 25,000 crates, as against 24,474 crates a year ago. The quantity in store is now 188,554 crates, as compared with 125,009 crates a year ago. Deliveries of Canadian che se for the week were 3856 boxes, as against 1850 boxes a year ago. The quantity in store is 127,684 boxes, as compared with 15,391 boxes a year ago.