FINANCE AND COMMERCE

Taranaki Daily News, 10 June 1932, Page 12

FINANCE AND COMMERCE

THE LIVE STOCK MARKETS SMALL ENTRIES AT ADDINGTON. VALUES SLIGHTLY EASIER. Christchurch, June 8. .Entries at. the Addington market today were small except in the fat sheep and fat cattle sections. Generally there was an easing tendency in prices. There was a small entry of store sheep and the clearance was not so good as recently, passings being numerous in all sections. Medium ewe lambs realised 7s to 8s 4d; ordinary to 6s 3d; ordinary m.s., 4s to 6s 2d; good 6,m. half bred ewes to 10s 9d; ordinary six and eighttooth half bred, 8s to 9s 8d; aged and failiiig-mouth, Is 9d to 4s 6d; ordinary s.m. three-quarterbred, 7s 9d to 9s sd. . A small entry of fat lambs of mediocre quality met with a steady demand. Best lambs brought to 19s lOd; prime, 15s to 17s; ordinary, 12s to 14s Gd; light, 8s to Ils 6d. There was a heavy entry of 5900 head of fat sheep, including several southern drafts of good sheep. Bigger sheep were easier by a shilling a head. Extra prime heavy weathers sold to 19s 4d; prime heavy, 15s 6d to 17s; ordinary, 10s Gd to 15s; light, 8s to 10s; extra prime ewes to 18s; prime heavy, 10s 0d to 13s -6d; ordinary, 6s to 10s; light, 4s to 5s 6d. 1 For the entry of 390 fat cattle, which included a fair proportion of good quality, there was a dragging sale throughout, with values down by 15s a head. Best beef made to 22s 6d; good, 18s to 20s; ordinary, 15s 6d to 17s 6d; end rough down to 10s; extra .prime heavy steers to £ll 7s 6d; prime'heavy, £7 10s to £10; medium weight prime, fc> 10s to £7 ss; ordinary, £3 15s to £5; light to £3 12s 6d; extra prime heifers to £8 7s 6d; prime, £5 to £7 ss; ordinary, £3 5s to £4 15s; light to £3; extra prime cows to £8 17s 6d; prime, £4 15s to £7; ordinary. £2 15s to £4 10s; lierht and aged, £1 7s 6d to £2 10s. °There was a good demand for fat pigs at firmer values. Light end unfinished porkers were in over-supply. Choppers made 27s 6d to £5 18s 6d; baconers, 48e 6d to 55s 6d; heavy, £3 la 6d -to £3 12s 6d; average, price per lb, 4d to 4Jd. Porkers, 23s 6d to 27s 6d; heavy, 30s to 36s 6d; average price per lb., 5d to s|d.

WESTFIELD PRICES UNCHANGED.

SMALLER Y’ARDING OF BEEF.

Auckland, June 8.

Th4re was a smaller yarding of beef at the weekly Westfield fat stock sale to-day, but little improvement m the demand, and prices remained on a level with last week’s quotations.. Exporters Were able to. operate, about 100 head being purchased for overseas. Extra choice ox sold to 19s per 1001 b.; choice and.prime ox, 16s to 18s; secondary and plain ox, 12s to 15s; prime vow cow and heifer beef, 14s to 16s; ordinary cow beef, 8s to 13s; extra heavy prime steers,,from £7 5s to £7 12s 6d; heavy prime steres, £6 10s to £7. 2s 6d; lighter prime steers, £5 5s to £6 7s 6d; light prime steers, £4 10s to £5 2s Gd; small and unfinished steers, £2 10s to £4 7s 6d. Extra heavy prime young cows and heifers brought £4 5s to £5; heavy prime cows and heifers, £2 16s to £4 2s 6d; lighter .prime cows and heifers, £2 10s to. £3 7s 6d; other killable cows, £1 10s to ,£2 7 s 6d. There was an • average yarding calves... Bidding was brisk, but quotations showed an improvement for all classes. Bunners made £1 18s to £2 Ils; heavy vealers, £1 17s to £2 6s; medium, £1 Ils to £1 15s; light, £1 5s to £1 9s; small, 17s to £1 Is; rough and bucket-fed, 9s to 15s; bobby calves, lis to 6s.

The quality of the average yarding of sheep was patchy, unfinished sorts predominating. First-class, animals met with a sound sale at late rates. Heavy prime wethers made 13s 6d to 15s 6d; : medium sorts, 11> to 13s; eWes, 6s to 12s'. 6d.

Fat pigs were also penned in average numbers. All well-finished sorts met with keen competition and sold at higher rates;, porkers were in particularly good, request. Choppers made 25s to 60s; baconers, 34s to 535; porkers, 16s to. 345; stores, to 16s; slips, 10s to 13s; weaners, 4s to Us.

GOOD COMPETITION FOR SHEEP.

THE .WELLINGTON MARKET.

There was •» full attendance of the public at the Johnsonville sale to-day and an average, yarding 'of all classes of stock was offered. Prices for heavy bullocks were on a par with last week’s rates, but for plain arid unfinished sorts there, was no demand. Prime heifers and cow beef were firm at late rates, with lighter aud plain'easier. Runners and vealers met with a good demand at prices slightly lower than last week’s rates. Sheep met with good competition, but heavy wethers showed a decline of from Is to Is 6d pel 1 head, and medium wethers Is per head, while ewes were slightly easier. Lambs sold at late rates.

Quotations: — Cattle: Prime extra heavy bullocks’ £8 6s (single), - £7 18s, £7 17s, £7 15s; prime heavy bullocks, £7 3s, £7, £8 ISs, £6 17s, £6 los; medium bullocks, £6 ss, £6 2s, £6, £5 17s, £5 14s, £.5 10.5; light and unfinished bullocks, £5, £4 16s, £4 2s, £3 10s; prime heavy cows and heifers, £4 12s, £4 Ils, £4 6s, £4 ss, £4 to £3 15s; medium cows and heifers, £3, £2 l'ss, £2 Ils; light and unfinished cows and heifers,. £2, £1 18s, £1 10s; boner cows, £1 to 10s; runners, £2 15s, £2 12s, £2 Bs, £2 7s, £2 4s, £2; vealers, £1 16s, £1 12s, £1 Gs, £1 ss, £1 2s. Sheep: Prime heavy wethers, 14s Gd, 14s 2d, 14s, 13s lOd, 13s 9d, 13s 7d, 13s Gd; medium wethers, 12s Gd, 12s sd, 12s to Ils 9d; prime heavy ewes, 10s lOd, 10s Gd, 10s, 9s 9d, 9s Gd; medium ewes, Ss 4d,' 8s; lambs, 12s Gd, 10s Gd.

ADVANCE IN FAT CATTLE.

BETTER MARKET TN OTAGO.

Dunedin, June 8.

There' was an improved market for fat cattle at the Burnside sales to-day. Most classes in this section sold at an advance from 10s to 15s per head, in the opening sales, but prices eased towards the close; the sale finished with values about on a par with those ruling two weeks ago. In the sheep section crossbred heavy jyethers were easier to the extent of re 6d to 2s and heavy ewes about Is 6d a. head? There was a fairly good sale for lambs, but store cattle met with slow competition. In the pig section prime porkers sold at firm rates, but inferior porkers were cheaper by 5 s ‘ a. head. Values for bacon pigs and stores were* unchanged. The fat cattle entry totalled 171 head bf medium to fair quality. The yardind- included a race of prime and several pens of heavy bullocks. Heifers, cows and heavy bullocks sold to £ll

10s; medium, £8 2s 6d; light, £6 15s; heavy heifers, £8 2s 6d; medium, io 5s- light, £5 2s 6d; heavy cows, £6 10s; medium, £5; light, £4 ss. Prime ox beet sold on a basis of about 21s P er 10 ®! b ‘ About 2900 sheep came forward, ine quality was fair to prime, and the entry included a number of good °P el wool wethers and a large nu ’P , ’ er 1 2 heavy ewes. Heavy wethers sold to Jbs 3d; medium, 15s 6d; light, Us 6d, heavy ewes, 10a 6d; medium, 9S light, 7s 6d. Between 900 and 1000 lambs were offered. It was a’ yarding, but no' the bulk were penned. Butcheis scvuieu. of the yarding at late rates. ■ The store cattle entry, num ® 1 8 ■ head, included 30 head of ’ ne , d and adialf to three-year-old 20 Hereford breeding cows. three-year-old Bteeris n medium one and a-hal -y - 1 17s. Hereford cows were worth from 20s to 255. The pig entry co ’ l6lsted 101 fats and 95 stores, lhe best puce for bacon pi«ns was £3 3s. Porkers realised from 10s to £2 10s. Baconers were, worth 5d and.porkers ujd per lb.

SHILLING RISE FOR FAT EWES.

HAWKE’S BAY QUOTATIONS.

Hastings, June 8. A smaller yarding of -beef at Stopford Lodge to-day was .responsible foi better competition in prime fat heifers, although ox beef did not participate in the improved demand. A draft of 3w prime bullocks offered did not meet with the competition which such good cattle merited. Three extra prime bullocks from the draft realised £8 IBs* top price for the sale. Extra prime draft, heifers realised £4 10s to £4 17s. 6d. This line was of extra quality. Several'pens of choice vealers were included in the entry, a’ heavy draft of P.A. vea ers being passed at 31s. • Fat cattle: Bullocks, prime heavy, £5 18s Gd to £6 10s; prime' light, £o, £5 12s: unfinished, £4, £4 8s; heifers, prime heavy, £4 10s, £4 18s; P rl ™® light, £3, £3 18s; unfinished, £2, £2 12s fid- cows, prime heavy, £3.5s to £3 17s; prime light, £2 15s, £2 18s 6d; dairy sorts, prime, £2, £2 Ils; unfinished, 20s, £1 1 Is; vealers, heavy, £1 7s, £1 Ils; medium, 21s. J . There were no outside entries tor etore- cattle, with a corresponding reduction in the number offered. Tlireeyear P.A.-cross steers realised £1 13s; and 2-year P.A. steers sold at 30s. Fat sheep: Ewes, 8s Id, 9s 3d. 5s 9d, 7« Sd; fat 2-tooth wethers, light, 10s sd; wethers, Ils, 12s 3d; lambs, 7s 3d, 7s Gd, Ils 3d; 2 and 4-tooth ewes, : 8s 2d; 2-tooth wethers, 7sg. and f. ewes, 3s’»d, 3s lid, 4s Id. J ■ About 5000 sheep were yarded in the store sheep section, breeding ew-es and hoggets comprising the bulk of the yarding. There was very little life in the market, the majority of the offering being passed. An attractive draft of 5-year ewes i.1.5.d., was sold at 12s 7d; 4 and 6-tooth ewes, i.I. to s.d., Us 6d; 4 and 6-to’oth ewes, i. 1.. Romney, 12s Id; 200 5-year ewes, ■i.l.s.d. ,12s 7d. The fat sheep entry amounted to 1000 sheep, less than half of- last week’s entry. Competition was much, better, a rise of Is a head being noticeable on fat ewes. *

PRICE OF GOLD FLUCTUATES. By Telegraph—Press Assn. —Copyright. London, June 8. Gold is quoted at £5 13s an ounce, as compared with; £5 12s 2d on Saturday and £5 12s 6d a week ago. . NEW ZEALAND APPLES IN LONDON PRICES UP TO, ELEVEN SHILLINGS Lopdon, June 9. The Middlesex’s New Zealand apples sold.as follows: Jonathans and Stunners, 9s 6d to lls; Dinins-,. 9s to lie; Delicious; 10a tolls.

SYDNEY PRODUCE PRICES.

ONIONS SELL £l9'A TON.

Rec. 7.20 p.m. . Sydney, Juno *9. Wheat ex-trucks at Sydney is quoted at 3s 10Jd and at country stations at 2s sjd. Other quotations are: Flour, £10; bran, £4 10s; Pollard, £5 ss; potatoes (Tasmanian),, to £7; Victorian, £5 10s;' onions (Victorian and New Zealand) £l9; oats, 2s Gd; oaten hay, £7; maize, 4s Bd.

NEW ZEALAND MEAT VALUES.

RETAIL PRICES IN LONDON.

The New Zealand Meat Producers' Board lias been advised by its London manager that the following retail prices are being quoted for New Zealand lamb and mutton retailed' in London on Jum* 3:—

Lambr, Legs,, lid per lb; shoulders, lOd; loins, 9d; necks, 4d; breasts, 3d; forequarters, 74d; hindquarters, lOd. Mutton (vwether): Legs, 8d per lb; shoulders, 7d; loins, 7d; nedksf 3d; breasts, 3d. WOOL MARKET UNCHANGED. FAULTY LINES IRREGULAR. Rec. 9.15 p.ni. Sydney, June 9. v The offering at the wool sales to-day was 7048 'bales, of which 4341 were sold, as well as 1426 disposed of privately. The market was without change. Faulty lines were irregular. Greasy Merino made per lb. -t SYDNEY STOCK EXCHANGE STRONG COMMONWEALTH BONDS HIGHER. Rec. 9.15 p.m. Sydney, June 9. The Stock ' exchange market to-day was strong. All Issues of Commonwealth bonds were higher but in bank, steam and Brewery ■ scrip there was little change. ■■ Sales were: Bank of New ..South Wales, £29 15s; Commercial Bank of Sydney, £l6 12s 6d; E. S. and A; Bank, 91 s; Bank of Adelaide, 107 s fid; Commercial Bank of Australia, I 5&; National Bank (£5 paid), £5 12s. Gd;« Colonial Sugar, £45 15s; New Zealand Debentures, 54 per cent., 1937,-£110; Australian Gas (B.), 118 s; Burns. Philp, 40s 6d; Huddart Parker, ’ 265; Millaiquin Sugar, 265; Fairymead Sugar,-23s 6d; Australian Glass, 40s fid; Carlton Brewery, 31s; Tooth’s Brewery, 29s 74d; Toohey’s Brewery, 19s 44d; British Tobacco, 325; Dunlop Perdriau, 12s 6d; Electrolytic Zinc (pref.), 21 ! s 6d; Golds-, brongh Mort, 23s South Broken Hill, 39s 9d; Commonwealth 4 per cent. Bonds. 1938, £96, 1941, £92T5s, .1944, £9l 15s, 1947, £9l ss, 1950, £9l 12s fid, 1955, £92. 1959, £9l 10s, 1961, £9l 12s 6.d. Melbourne.reports the following sales: Commercial Bank of Australia, 15s; Melbourne Steam, 18s 4d; British Tobacco, 31s 9d; Broken Hill Proprietary, 16s fid. SHAREMARKET TRANSACTIONS. Christchurch, June 9: Sales on Exchange: New Zealand Governments 54 per cent. Inscribed Stock, 1937, £99 10s,

£99 12s 6d; New Zealand Government 5| per cent. Inscribed Stock, September 1937, £99 10s; New Zealand Insurance, 36s 9d; Auckland Gas, 20s 7d; Tooth’s Brewery,’■ 26s 2d (three parcels)'; New Zealand Paper Mills, 19s; Golden Dawn, 5s 9d (two parcels), 5s 9|d; Mahakipawa, 4d; Okarito, 9s 3d; Waihi, 14s lOd. 14s 9d. Sales reported: New Zealand Government 5J frgr' cent. Inscribed Stock, 1937, £96 10s;\Nqw Zealand Government 5{ per cent. Inscribed Stock, 1933, £9B 10s (two parcels) ; -,New Zealand Government 5| per cent. Inscribed Stock, September 1937, £99 106, £99 12s 6d, £99 ss; New Zealand Governinent 3J per cent. Inscribed Stock, February 1937, £99 os-; North Canterbury Hospital, 5| peri cent., 1940, £9B ss; British Tobacco, 28s Id. Auckland, June 9: Sharemarket sales: Inscribed Stock, 1939, 4| per cent., £92 12s fid; Inscribed Stock, 1933, 5{ per cent., £9B 10s; Auckland City, 1960, 5J per cent., £95; Auckland Fire Board, 1939, 6 per cent., £lOO 10s; Bank of New Zealand, 42s lOd; Union Bank, £6 16s; Farmers’ Fertiliser, 12s; Sanford, 3s; Waihi,'l4s 8d; Mt Lyell, 16s 9d.