FINANCE AND COMMERCE

Taranaki Daily News, 23 November 1932, Page 12

FINANCE AND COMMERCE

HIDES, SKINS AND TALLOW. NEW PLYMOUTH PRICES. L. A. Nolan and Co. report that they held their four-weekly sale of hides, skins arid tallow yesterday. The catalogue comprised 1037 hides, 487 yearlings, 407 calf, 1829 salted and 777 ary sheep skins. There was a full attendance of buyers representative of the tannery, fellmongery and export interests. Competition was animated througnout and sales were well spread. Prices showed a distinct upward tendency in noth hides and sheepskins of from jd to -2d per pound. The rise was more noticeable in dry sheepskins than in salted. Lambskins (dried) made an average of Is each against, say, 6d each salted. Pelts sold at from 6d to 9d against 5d to 6d last month. Tallow was slow of sale at about late rates. It was a very small offering. Quotations are: Hides: Ox, extra heavy 4d to 41d, heavy 4£d to 4 5-Bd, medium 4 l-8d to 4Ad, light 3 3-8 d to 44d, extra light 3 3-8 d to 4d; cow, extra heavy 4d to 4fd, heavy 32d to 4 3-Bd, medium 3Jd to 4£d, light

3|d to 4Jd, extra light 2Jd to 4d; cut, 2£d to 3 5-Bd, slipy 2d to 2fd; yearling, extra heavy* 3£d to 4id, heavy 3 l-8d to 4 5-Bd, light 4 5-Bd, extra light 4id, cut 3Jd to 4d, slippy 3 l-Bd, cut and slippy lid; bull, id; calf, extra heavy 3d, heavy 6Jd, medium sid to 5 5-Bd, light sd, extra light 3 7-Bd, cut 3d to 4 3-Bd, slippy 2id, cut and slippy 2 3-Bd. Sheepskins: Salted (each), pelts 4d to 9d, damaged 3d to 4d, lambs 5d to 7d, damaged 3d, hoggets Is 4d to Is Bd, sweated Is, woollies Is 9d to 2s Zd, sweated Is 7d, damaged Is 4d to Is 8d; black Is, dry (per lb), half-wools 3id, damaged l|d to 2id, three-quarter-wools 2id to 3d, damaged 2d to 2{d, hoggets 3id, damaged 2id, lambs 3jd, damaged 2id, lambs 3d to 3|d, damaged 2d, 2id, pelts l|d, damaged id to lid. Tallow: Tins, 4s to 9s; drums, 12s per cwt. Cow tails: 6-}d per dozen.

SHEEPSKIN AND HIDE PRICES. ADVANCES AT STRATFORD SALE. The New Zealand Loan and Mercantile Agency Co. Ltd., Stratford, reports having held its monthly sale yesterday, when nine buyers were in attendance. A catalogue comprising wool oddments, 513 hides, 1161 sheep skins and nine tins of tallow was submitted. Competition for sheepskins and Irides was keen, and prices advanced on last sale’s rates. Following is the range of prices: Wool oddments: Crossbred locks and pieces id lb, crutchings (passed in), dead 2Jd lb, fleece lid to 3id lb, blacK wool lid lb, Southdown 33d lb. Salted sheepskins: Crossbred pelts, sound 4d to 5d each, quarter-woolled sound 5d to 9d, three-quarter-woolled 8d to' Is sd, full-woolled Is to Is 9d, hoggets Is Id to Is sd, lambs 3d to 4d. Dry sheepskins at per lb: Crossbred pelts Id to lid, quarter-woolled lid to IJd, half-woolled 2d to 2Jd, three-quar-ter-woolled 2d to 2id, fuli-woolled 2d to 2id, double-fleece lfd, hoggets 2jd to 2}d, ditto dead lid. ' Hides (at per lb and net weights): Calfskins, slipy Ijd, cut 3 l-8d to 4d, sound (average 41b) 2id to 4id, heavy (average 81b) 2id to 4|d; yearlings, average 231 b, 2d to 3Jd; cow-hides, average 341 b 3id to 4id, average 451 b 4Jd, average 541 b 3Jd to 4id, average 331 b (cut) 2id to 3Jd; ox hides, average 521 b 3-Jd; bull hides, average 521 b, Id.

1 Tallow (in tins): 9s 6d per cwt. TALLOW AND HEMP. ’ LONDON MARKET QUOTATIONS. The Department of Agriculture has received the following cablegram, dated November 19, from the High Commissioner for New Zealand, London: Tallow: Good demand for all descriptions at auction; 337 casks offered, of which 336,were sold at 9d advance. Present spot quotations are: Mutton: Fine, 275; fair to good, 24s to 265; dark to dull, 21s to 225. Gut, etc.: 19s to 21s 6d. Beef: Sweet and mixed, 25s to 28s; fair to good, 22s 6d to 24s 6d; dark to dull, 20s 6d to 21s 6d. Mixed: Fair to good, 22s 6d to 245; dark to dull, 19s 6d to 21s 6d. j Hemp: Manila: Market steady. Buyers’ value for “K” grade for DecemberFebruary shipment, £l6 ss. Output from January 1 to November 14, 776,000 bales, against 945,000 bales for same period last year. Stocks in the United Kingdom at October 31, 21,556 bales, against 23,874 bales at same time last year. Stocks in Manila at November 14, 148,000 bales, against 125,000 at same time last year. Sisal: Market quiet at last rates quoted. I New Zealand: Market continues dull. ' Offerings small, and buyers nos interested. Values nominally unchanged. Stock in London at October 31, 76 tons, against 18 tons at same time last year. Eggs: Market steady during the week, but weaker at the close. English, national pack, 21s 6d to 255; English, ordinary pack, 21s to 22s 6d; Danish, 18s to 23s 6d; Australian, 12s 6d to 14s 6d;; New Zealand, 151 b to 171 b per long hundred, 13s to 14s 6d. • THE PRICE OF GOLD. By Telegraph—Press Assn.—Copyright. London, Nov. 21. Gold is quoted at £6 5s 6d an ounce, compared with £6 5s on November 19.

SHAREMARKET TRANSACTIONS. NEW ZEALAND EXCHANGES. The following sharemarket transactions were reported last night by the Press Association:— Christchurch: Commercial Bank of Australia, 14s sd; Commercial Bank of Australia (pref.), £7 ss; Goldsbrough Mort, 22s 3d; N.Z. Refrigerating (10s paid), 3s Id; Golden Dawn, 5s 3d, 5s 21d, 5s 2d, 5s lid, 5s Id (2); Golden Point, 3d (2); Mahakipawa, 3id (2); King Solomon, 2s lid; Nokomai, 6s 4d. Sales reported: 5i per cent, inscribed, September, 1937, £100; Bank of Nev/ Zealand, 45s 8d; Gear Meat, 31s 9d; Mt. Lyell (cum div.), 20s 2d. Auckland: Bank of New Zealand, 45s 9d; Union Bank, £7 16s; New Zealand Insurance, 435; Colonial Sugar, £46 ss; British Tobacco, 31s 9d; Alexander (13s 6d paid), 22s 9d; Okarito, 9s Id (2); Waihi Junction, 3s 6d; Mt. Lyell, 20s sd. AUSTRALIAN SHAREMARKETS. INVESTORS MARKING TIME. By Telegraph—Press Assn. —Copyright. Rec. 9.30 p.m. Sydney, Nov. 22. With both buyers and sellers marking time, business on the investment market to-day provided no new features. Trading had a quiet trend. Values in the gilt-edged group were mostly firmer. Sales on the Stock Exchange were: Bank of New South Wales, £3O 10s; National Bank (£5 paid), £6 7s 6d; Colonial Sugar, £52 2s 6d; Burns Philp, 48s 9d; Victoria Nyanza, 16s; Australian Glass, 44s 6d; Henry Jones, 39s 4Jd; Tooth’s, 375; Dunlop Perdriau, 17s 3d; Gordon and Gotch, 325; -Goldsbrough Mort, 25s 4Ad; Greater J. D. Williams, 5s 7d; Morris Hedstrom, 18s; Electrolytic Zinc, 17s 9d; Mt. Lyell, 22s 41d; Broken Hill Proprietary, 25s 3d; South Broken Hill, 48s 6d; North Broken Hill, 745; New Zealand debentures, 5J per cent., 1937, £lll. Commonwealth bonds showed little variation. Sales on the Melbourne Stock Exchange were: Goldsbrough Mort, 25s 3d; British Tobacco, 355; Dunlop Perdriau (pref.), 325; Electrolytic Zinc, 17s 9d; Herald and Times, 57s 3d; South Broken Hill, 495; North Broken Hill, 74s 3d.