FINANCE AND COMMERCE

Taranaki Daily News, 3 August 1931, Page 12

FINANCE AND COMMERCE

FEILDING LIVE STOCK SALE. FAT WETHERS AND EWES FIRMER. , Feilding, July 31. Fat wethers and ewes advanced Is to Is 6d per head at the stock sale to-day, when there was a smaller yarding. Fat lambs showed no advance on last week’s rates. The freezing companies and butchers operated freely, and .vendors showed a firmer front to the market. The grown sheep generally were of good quality. The store pens were not as well filled as usual, and the market proved quiet, especially .for breeding ewes, which have not maintained the ewe fair values. Dairy cattle were offered in large numbers —over 300 head. The market showed that dairy farmers are purchasing with discrimination, and not paying fancy prices. Good heifers met a fair demand. A line of fat bullocks offered brought only fair prices. Fat lambs. —Primes! offered, 15s 4d and 15s sd; good, 14s lOd; medium, 13s 6d to 13s 9d; fair, 9s '3d to 10s 7d; fat twotooth s, 10s rid. Fat ewes. —Prime heavy, 16s 9d to 17s Id; very good, 15s 6d to 16s 6d; medium, 15s Id to 15s sd; fair, from 12s 9d. Fat wethers.—Primest heavyweights, 17s 9d to 18s; very good, 16s lOd to 17s 4d; medium, 15s 7d to 16s 7d; fair, 12s 5d to 13s 2d; lighter, from 12s 6d. Store sheep. —Four-tooth ewes, r.w. S.D. rams, Ss to 9s, and one lot passed at 6s 9d; two-tooth ditto, 12s lOd; fourtooth to'five-year ditto, 13s lid; ewe hoggets, Ils; wether hoggets, 8s lOd; two-tooth wethers, 10s 2d to 12s 6d; m.s. lambs, 7s 4d.-,. Dairy cattle. —Good quality heifers, running with bull, £7 12s 6d; fair quality £6 10s to £6 17s 6d; good condition, £5 to £6 ss; fair, £4 5s to £4 15s; others from £3 2s 6d; heifers calved, £4 10s to £5 10s. Fat bullocks—Hereford—Shorthorn cross, heavy £6 14s to £7, not so heavy £5 to £5 16s, light £3 18s. ' Fat cows.—P.A., £3 2s 6d to £4 12s; three-year heifers, £4 Is to £5 ss; Shorthorn cows, £3 7s 6d to £5 14s. Store cattle.—F. and f. bullocks, £3 17s; yearling P.A. steers, £1 13s 6d to £2 6s; small 18 months steers, £2 8s 6d; low-condition Shorthorn cows, 255; 18 months P.A. heifers, 30s; weaner heifers, P.A., 21s; store cows, 15s to 31s; low-, condition Jersey weaner heifers, 20s to 265; empty two-year Jersey heifers, 375. THE FROZEN MEAT MARKET. LONDON QUOTATIONS. By Telegraph—Press Assn.—Copyright. Rec. 5.5 p.m. London, Aug. 1. The weekly quotations for the undermentioned classes of frozen meat are based on actual sales of wholesale quantities of carcases of mutton or lamb, or of quarters of beef delivered to Smithfield market, and/or ex London stores. They are compiled by the Quotations Committee, Smithfield. To arrive at the equivalent ex ship values one farthing per pound should be deducted from the prices quoted below. Quotations given represent the average for the week, and are not selected lines, but for parcels fairly representative of the bulk of shipments now on offer. New Zealand Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 48 to 561 b., 4 7-8 d.,; 57 to 641 b., 4 5-Bd.; 65 to 721 b., 4|d. North Island crossbred wethers and maiden ewes, 48 to 561 b., 4|d.; 57 to 641 b., 4Jd.; 65 to 721 b., 4Jd.; ewes, under 481 b., 4 l-Bd.; 48 to 641 b., 3Jd.; 65 to 721 b., 34d. Australian Sheep. —First quality crossbreds: and/or Merino wethers, 40 to 65 lb., 4d.; 30 to 551 b., 4d.; ewes, 30 to 551 b., 4d. Argentine Sheep. —First quality crossbred wethers and maiden ewes, 57 to 65 1b.,. 4 5-Sd.; first quality crossbred wethers, 48 to 641 b., 4 3-Bd.; 65 to 721 b., 4d.; over 721 b., none offering. Patagonian Sheep.—Wethers and ■maiden : ewes, under 501 b., 4Jd.; 50 to 601 b., 4Jd.; ewes, 40 to 501 b., 3 5-Bd. New Zealand Lambs. —Canterbury, 361 b. and under, 7-LL; 37 to 421 b., 7 3-Bd.; 43 to 501 b., 6 7-Bd.; second quality, average 301 b., 7Jd.. Other South Island brands, 361 b. and under, 7-Jd.; 37 to 42 lb., 7 l-Bd.; 43 to 501 b., 6gd. Selected North Island brands,, including Downs, 361 b. and under, 7<d.; 37 to 421 b., 7|d.; 43 to 501 b., 6 3-Bd.; second quality, average 301 b., 7Jd. Other North Island brands, first quality, 361 b. and under, 7 l-Bd.; 37 to 421 b., 7d.; second quality, average 301 b., 7 l-Bd. Australian Lambs.—Victorian, first quality, 361 b. and under, 6 5-Bd.; 37 to 421 b., ,6Jd.; second quality, 361 b. and under, 6Jd. Other States, first quality, 361 b. and under, 6£d.; 37 to 421 b., 6Jd.; second quality, 361 b. and under, 6fd. Other . States, third quality, 6 5-Bd. Patagonian Lambs.—First quality, 36 lb. and under, 6fd.; 37 to 421 b., 6 5-Bd.; second quality, average 301 b., 6fd. Argentine Lambs.—First quality, 361 b. and under, 6Jd.; 37 to 421 b., 43 to 501 b., 6£d.; second quality, ( average 301 b., 6Jd. Uruguayan Lambs.—First quality, 36 lb. and under, second quality, 37 to 421 b., 6d.; third quality, average 30 lb., 6 l-Bd. New Zealand Frozen Beef.—Ox fores, 160 to 2201 b., none offering; other sorts, none. offering. Australian Frozen Beef.—Ox crops, under 1001 b., 2Jd.; over 1001 b., 2 3-Bd.; ox hinds, under 1601 b., 3 3-Bd.; over 160 lb., 3£d. . Argentine Chilled Beef. —Ox fores, 160 to 2201 b., 2fd.; ox hinds, 160 to 220 lb., 7d. New Zealand Pigs.—First quality, 60 to 1101 b., average 901 b., 6d.; 110 to 120 lb., 54d. Australian Pigs.—First quality, 60 to 1101 b., average 901 b., sfd.; 11l to 120 lb., s£d. 1 —"• * RAW MATERIALS MARKET. Rec. 5.5 p.m. London, Aug. 1. Friday’s closing prices, with those for July 25 in parentheses, are:— Cotton.—September delivery, 4.56 d. (4.78 d. per lb. Rubber.—Para, 4£d. (4Jd.) per lb.; plantation, smoked, 2|d. (3d.). Jute.—New, September-October shipment, £l5 12s. 6d. ( £l5 155.) per ton. .Hemp.—None offering. Copra.—South Sea, August-September shipments, nominally, £ll " os. ( £ll 155.) per ton; plantation, Rabaul, £ll 7s. 6d. ( £ll 17s. 6d.) per ton. Linseed Oil.— £l7 ( £l7 10s.) per ton. Turpentine.—47s. (475.) per cwt. DAIRY PRODUCE MARKETS. Messrs. Collett and Co., Ltd., are in receipt of the following cable from their British principals: —Creamery butter (finest), 109 s to 110 s; creamery butter (first), 108 s to 109 s; whey butter, 102 s; cheese (white), 60s to 61s; cheese (coloured), 62s to 635. Messrs. Samuel Page and Sons report under date of July 29, with last week’s quotations in parenthesis:— Butter: Market low. Price for Danish has depressed the market for Colonial. Danish, 112 s to 114 s (117 s to j 118 s); New Zealand, finest salted, 109 s to 112 s (113 s to 115 s); Australian, finest unsalted, 108 s to 110 s (110 s to

112 s); Australian, finest salted, 105 s to 107 s (109 s to Ills); Australian, G.H.Q., 100 s to 104 s (104 s to 108 s). 'Cheese: Market easier. Australian, W'hite, 59s to 60s (59s to 60s); Australian, coloured, 60s to 61s (60s to 625); New Zealand, white, 60s to 61s (60s to 625); New Zealand, coloured, 62s to 63s (62s to 645); spot price for Canadian, white, 60s to 61s '(6Bs to 745); coloured, 62s to 63s (68s to 745); C.I.F. price for Canadian, 62s to 63s (61s to 625). Canadian quotations this week are for new cheese. SHAREMARKET BUSINESS. Auckland, August I.—Sharemarket sales: Commercial Bank of Australia (late sale Friday), 14s. Id.; King Solomon,'2s. 7d., 2s. Bd.; Waihi Grand Junction, 45.; New Zealand Breweries, 30s. Christchurch, August I.—Sales on exchange: Commercial Bank of Australia (cum. div.), 145.; Union Bank of Australia (ex div.), £6 10s. 6d.; New Zea-, land Breweries, 30s. 3d.; Mt. Lyell, 16s. Bd., 16s. 9d.; Mahakipawa (pref.), 10d.; Golden Point (Is. paid), Is. Bd.; Golden Dawn, 65.; King Eolomon, 2s. 6d., 2s. 5Jd, 2s. 6d, 2s. 6Jd,