FINANCE AND COMMERCE

Taranaki Daily News, 13 June 1932, Page 12

FINANCE AND COMMERCE

LITTLE CHANGE IN VALUES.

FROZEN MEAT IN LONDON.

By Telegraph—Press Assn. —Copyright, Rec. 5.5 p.m. London, June H. The weekly .quotations for the undeimentioned classes of frozen mea, a based on actual sales of wholesale Q ua titles of carcases of mutton or am i > or of quarters of beef delivered o Smithfield market and/or ex i stores. They are compiled by the quotatioirt committee, Smithfield. To arrive at the equivalent ex ship values add one farthing pel 5. value quoted below. Quotations guen represent the average for t e '' ee ’ a _ are not for selected lines, 1,1 parcels fairly representative of the bulk of shipments now on onei. , New Zealand sheep: Canterbury and North Island selected crossbred wethei s and maiden ewes, 48 to a6lb., l7 to 641 b., 3 3-Bd.; 6a to 721 b., 3}d. North Island selected crossbred wevhers and maiden ewes, 48 to 561 b., 3_ ._-B<L,, « to 641 b., 31d.; 00 721 b., d id. North Island ewes, under 481 b., 3|d.; 48 to 641 b., 2 5-Bd.; 65 to 721 b., 2 3-Bd. Australian sheep: First quality crossbred and Merino wethers, 40 to 641 b., 2 7-Bd.; 65 to 721 b., 2 7-Bd.; second quality, 30 to 551 b., 2 7-Bd.; ewes, 30 to 551 b. *2|d. Ar’o'entine sheep: First quality crossbred wethers, 48 to 641 b., 3|d.; 6a to 721 b., 3d.; over 721 b., none offering. Patagonian sheep: Wethers and maiden ewes, under 501 b., 3Jd.; aO to 601 b., 3d.; ewes, none offering. New Zealand lambs: Canterbury, <h» lb. and under, 6Jd.; 37 to 421 b., 6Jd.; 43 to 501 b., 6Jd.; second quality, average 301 b., 51d. Other South Island brands, 361 b. and under, 61d.; 37 to 421 b., Bid.; 43 to 501 b., 6}d. Selected North Islancl brands, including Downs, 361 b. and under, 6 5-Bd.; 37 to 421 b., 6 3-Bd.; 43 to 501 b., 6|d.; second quality, average M lb s|d. Other North Island brands, first quality, 361 b. and under, 6Jd-; 37 to 421 b., 61d.; second quality, average 301 b., 5 5-Bd. t Australian, lambs: victoria. nrst quality, 361 b. and under, sid.; 37 to 4lb 5 5-Bd.; second quality, 361 b. and under, 6Jd. Other States first .quality, 361 b. and under, sid.; 37 to 4Jb., old., second quality, 361 b. and under, old. All States, third quality, 5Jd. Argentine lambs: First quality, 3blb. and under, s|d.; 37 to 421 b., sid.; 43 to 501 b., 5 3-Bd. Patagonian lambs: lirst quality, 361 b. and under, 5 l-Bd.; 37 to 421 b., 4. 7-Bd.; second quality, average 301 b., 5 l-Bd. New Zealand frozen beef: None offering. Australian frozen beef: Ox crops, under 1001 b., 3fd.; over 1001 b., 3|d.; ox hinds, under 1601 b., 4 l-Bd.; over 1601 b., 41d. Argentine chilled beef: Ox fores, 160 to 2201 b., 4 3-Bd.; ox hinds, 160 to 220 lb., 6 i d - . t,. . n pa New Zealand pigs: First quality, 60 to 1101 b., average 901 b., 5d.; 11l to 120 lb., 4 5-Bd. . . Australian pigs: First quality, 60 to 1101 b., average 901 b., 5d.; 11l to 1201 b., 4 5-Bd.

RAW MATERIALS MARKET. Rec. 5.5 p.m. London, June 11. The following are Friday’s closing prices, with those for June 3 in parentheses« Cotton: July delivery, 3.81 d. (3.86 d. per lb. Rubber: Tara, 32d. (3|d.) per lb; plantation, smoked, 1 11-16 d. (1 11-1&d,.). Jute: June-July shipments, £l4 12s. 6d. (£l5 155.) per ton. Hemp: June-July shipments, £l5 10s. per ton (nona offering). Copra: June-July shipments, South Sea, £l2 lOS. (£l2 17s. 6d.) per ton; plantation, Rabaul, £l3 12s. 6d- ( £l3). Linseed oil: £l4 ( £l4 10s.) per ton, Turpentine: 595. (595.) per cwt. THE PRICE OF GOLD. Rec. 5.5 p.m. London, June 11. Gold remained yesterday, as on Thursday, at £5 12s. Bd. an ounce, compared with £5 13s. on Wednesday. SHAREMARKET TRANSACTIONS. Auckland, June 11: Sharemarket sales: Stock, 1937, 5 1-5 per cent., £96 10s.; City of Auckland, 1957, 5| percent., £95 10s.; Auckland Fire Board, 1939, 6 per cent., £lOO 10s. (two parcels); Commercial Bank, 13s. 6d. (two parcels); Union Bank, £6 16s. 6d. (two parcels); Bank of New South Wales, £25 7s. 6d.; South British, 50s. Tooth’s Breweries, 265. 6d.; Farmers' Trading, 3s. 44d.; Waihi Grand Junction, 2s. Bd. Christchurch, June 11: Sharemarket sales: Commercial Bank of Australia, 13s. 6d.: Bank of New Zealand (cum. div.), 425. sd. (three parcels); Union Bank of Australia, £6 17s. sd. (three parcels); National Insurance, Ils. Id.; Goldsbrough, Mort, 21s. 10d.; New Zealand Guarantee Corporation, 4s. Id.; Christchurch Gas, 25g. 6d. (three parcels); New Zealand Breweries (cum. div.), 245. 6d.; Mahakipawa Goldfields, 4d.; Okarito, 9s. 4d. Sales reported: New Zealand Government, 5 per cent, inscribed, 1934, £9B 2s. 6d.; British Tobacco, 28s. 3d. FEILDING LIVE STOCK SALE. FIRM VALUES FOR FAT SHEER. Feilding, June 10. Late rates were maintained for fat sheep at the Feilding stock sale today, when an exceptionally heavy yarding was offered. The quality generally was good and there was practically a total clearance. The freezing companies took almost the whole. Quotations were:—

Fat sheep: Lambs: Priniest 16s. 6d. and 16s. 10d., prime 13s. 7d. to 14s. Id., good lines Ils. lid. to 12s. 10d., medium quality 9s. 2d. to 10s. Bd., backward from Bs. Fat ewes: Prime heavy 9s. Id. to 9s. 3d., good Bs. to Bs. 10d., failquality to 7s. 6d., poor from 55., fat twortooth 12s. 3d. Fat wethers: Priniest 145., very good 12s. 2d. to 12s. 7d., fair 10s. to Ils., backward from 7s. 6d.

Store sheep: Wether lambs: Good 6s. Id. to os. 7d., others ss. 4d. to as. Gd.. w.f. lambs 3s. 2d., ewe lambs Bs. 7d., b.f. Jambs os. 10d. to 7s. Id., fat forward wethers 10s. 2d., ditto ewes 2s. Id. to 4s. Id., old ewes Is. 9d., two-tooth wethers 9s. 6d... two-tooth ewes r.w. S.D. rams Ils. lOd. to 145., six-tooth to four-year ditto Ss. 9d., four-ifive year ditto, good 9s. lOd. to Us. Gd., others 7s. 7d. to Bs. Gd„ five-year ditto, very good line 125., others from 6s. 2d. to Bs. 6d., mixed age ditto 7s. Gd. to Bs. Id.

There was a very heavy yarding of dairy stock, with a good clearance, though dairy farmers arc evidently not anticipating a sharp rise hr butterfat prices. The majority of the yarding comprised springing heifers, and the best of these went at up to £5 145., with good lines at £4. Heifers in fair condition ranged from .£3 to £3 155., late cal vers from £2 7s. 6d., poor lines 37 s. upward, cows in milk £4 7s. Gd.

A heavier offering came forward of fat cattle, including some bullocks of good weight. Hereford bullocks made £5 Bs., other bullocks £3 105.,. fa t steers £2 175., P.A. heifers, light £2 18s., good weight heifers at £3 55., S.H. cows, good weights to £3 25., others at £2 ss. to £2 10s., light fat Jersey cows, good condition £2 to £2 75., backward from 295.

Store cattle: Weaner heifers 20s. to

235. 6d., empty heifers 255., heifers r.w.b. 20s. to 225., store cows 12s. to 155., three-year heifers 335., fat forward cows 18s. to 235. 6d., P.A. bulls £2 7s„ S.H. bulls £2 75., Jersey bulls £2 10s., Holstein bulls £2 45., bull calves 10s., steers 7s. to Ils., S.H. cows r.w. P.A. bull 18s. 6d.

PEDIGREE JERSEY SALE.

FAIR PRICES AT WHANGAREI.

Whangarei, June 10.

The fourth annual pedigree female sale held under the auspices of the Whangarei Jersey Club was held at the Kensington show grounds in good weather and in the presence of a large number of buyers. The entries were good and the quality excellent. About 90 lots were sold and the prices realised were considered very satisfactory under present-day conditions. The best price paid during the sale was 63 guineas, which Dr. G. Walker, Maunu, paid for Mr. E. Phillips’ heifer Someview Sunray.' In addition, Dr. Walker paid 40 guineas for Silverdale Rosamund, sold by Mr. George Hodgson. Mr. H. Armstrong, Maunu, paid 51 guineas for Mr. J. G. Hodgson’s heifer Miss Valma. LONDON DAIRY MARKET. A cablegram received from London by the Anglo-Continental Company on Saturday stated: “Butter is quiet at 95s io 96s per cwt, and cheese is slow at 54s to 555.”