FINANCE AND COMMERCE

Taranaki Daily News, 23 July 1931, Page 16

FINANCE AND COMMERCE

WAIKATO STOCK SALES. GOOD DEMAND FOR SHEEP. By Telegraph.—Press Association. Hamilton, July 21. An appreciable increase in values consequent upon a shortage of fat sheep was recorded for fat wethers and owes at the weekly stock sale at Frankton to-day. The competition for prime quality was particularly brisk. The entry of fat lambs, mostly of average sorts, was slower of sale. A large yarding of ox beef came forward and as a result prices declined slightly. No variation on late quotations was experienced for average offerings of fat cows, stores and boners. Values for a larger yarding of pigs were unchanged. Sheep.—Prices advanced Is to 2s per head on last week’s rates. Prime fat wethers sold at up to 19s 3d; fat, 16s Cd to 17s 6d; light fat, 15s; prime heavy ewes, to 16s; ordinary fat, 12s 6d to •14s; forward stoic wethers, to 12s 6d. Beef. —Extra choice ox beef at equal to 22s per hundred; ordinary prime bullocks at equal to 20s per hundred; light bullocks, £7 7s 6d; small, £4'lss; fat cows and heifers, to £5 10s; ordinary fat cows, £3 5s to £4 7s (id; runners, to £2 9s; vealers, 27s to 335; boner cows, 15s to 31s; young store cows, 34s to 41s; empty 2-year heifers, 28s to 425. Pigs. —Baconers, £2 19s to £3 4s; light, £2 14s to £2 .18s; best porkers, £2 4s to £2 Ils; lighter, £1 16s to £2 3s; choppers, to £2 15s; large stores, £1 7s to £1 14s: slips, 16s to 19s; best weaners, 18s to 20s; others, .14s to 17s; Tamworthcross sows in pig, to £4 10s. WOOL PRICES MAINTAINED. FREE COMPETITION IN LONDON. By Telegraph—Press Assn. —Copyright. London, July 21. At the wool sales 6176 bales were offered, including 1919 New Zealand. Uier was a moderate selection of all descriptions, and all sections were competing freely at full late rates. The New Zealand half-bred clips Brighton brought top price, 7sd, average 7Jd. SHAREMARKET TRANSACTIONS. Taranaki Stock Exchange.—Sales reported: Moturoa Oils, ss; New Zealand Government 44 per cent. Debentures, £9B ss; Sellers Moturoa Oils, ss. Auckland, J uly 22. —Sharemarket sales: War Bonds, 1938, 4| per cent., £99 7s. 6d.; 1933, 5J per cent., £9B 10s.; National Insurance (late sale Tuesday), 12s. lid.; New Zealand Insurance, 41s. 4d.; South British, 50s. 9d. (two parcels); New Zealand Refrigerating (cont.), 3s. Id.; King Solomon, 2s. lOd, 2s. lid., 2s. lOd.; Waihi Grand Junction, 45.; Kaiapoi (Woollen, 7s. Christchurch, July 22. —Sales on exchange; New Zealand Government 54 per cent. Inscribed, 1936, £99 7s 6d (two parcels); Union Bank of Australia (cum. div.), £6 17s; Mahakipawa Goldfields, 6Jd (five parcels); King Solomon Mining, 3s, 3s Id. Sales reported: Union Bank of Australia (cum. div.), £6 17s, £6 17s 6d. NEW PLYMOUTH OIL WELLS. New Plymouth (N.Z.) Oil Wells Ltd. reports that its well has been sunk to 2385 feet, the formation now being calcareous mudstone with very hard bands. The formation drilled carries- good, oil and gas showings.