FINANCE AND COMMERCE

Taranaki Daily News, 1 February 1933, Page 12

FINANCE AND COMMERCE

LIVESTOCK SALES. FEILDING VALUES BETTER. Lambs and fat sheep sold well under keen competition at Feilding on Friday. The prices realised reflected the recent rise in the exchange rate. Beef values showed little change. Abraham and Williams, Ltd., report prices as follow: Fat ewes, 6s lid to 9s 7d; fat wethers, 12s 7d to 14s 2d; twotooths, to 13s 3d; lambs, 12s 6d, 12s lid to 14s lOd.

Store sheep: Woolly b.f. lambs, 8s Id, 10s Id to Us Id; shorn b.f. lambs, 6s lid, 9s Id, 10s Id to Us 3d; small b.f. lambs, 4s 6d, 5s 7d, 6s 6d to 7s 8d; ewe lambs, medium, to 10s 4d; wether lambs, medium, •4s 4d, 6s, 7s 3d, 8s Id; store ewes, with fattening mouths, 3s Id to 4s sd. Fat cattle: Cows, £3 4s, £3. 16s to £3 18s; fat cows, dairy bred, £1 19s, £2, £2 10s, £2 19s, £3 ss, £3 7s; boner cows, 15s, 30s to 325.

Dairy cattle: Heifers in milk, £2 17s Gd; heifers, r.w.b., £2 3s 6d, £3 15s, £3 19s; springing cows, £2 Us. Dalgety and Co. Ltd. quote prices as follow:—

Fat wethers, 15s, 15s 3d, 15s 9d; medium woolly black face lambs, 9s 2d; good woolly black face lambs, Us 4d, 12s 2d; small woolly black face lambs, 5s 6d; shorn black face lamb's, 8s 3d, 10s lid, Ils 2d. A nice line of shorn Romney wether lambs offered on behalf of Mr. W. Romley realised Ils Id. Shorn wether lambs, 8s 2d, 8s 7d, 8s 9d, 9s 7d, 9s Bd, 9s Ud, 10s 7d; small medium wetherlambs, 4s 3d, 4s 9d, 4s Ud, 6s 9d, 6s Ud, 7s, 7s 2d, 7s 3d, 7s 6d; a nice line of f.m. ewes offered on behalf of Mr. IV. A. Coombs realised 10s Id; twotooth wethers, Us 6d to 12s lOd; f.m. ewes, 7s. Fat bullocks, £4 10s, £4 14s, £4 15s; fat dairy cows, £2, £2 7s, £2 10s, £3, £3 ss. • Store cows, 15s to 345; yearling Jersey heifers, r.w.b., £2 10s; yearling P.A. heifers, 355; two-year P.A. heifers, £2; two and a half-year steers, £2 15s; P.A. bullocks, £3 5s to £4. TALLOW AND HEMP. LONDON MARKET PRICES. NEW ZEALAND FLAX EASIER. The Department of Agriculture has received the following cablegram, dated January 30, from the High Commissioner for New Zealand, London: — Tallow: Market very quiet on- spot, with no material change in values. Market steadier for shipment at the lower prices established. Hemp:—Manila: Market quiet and easier on account of the exchange. * K grade for March-May shipment sold early this week at £l6. At the close sellers of January-March shipment asked £l5 15s. Sisal: Market steady. No. 1 for Febru-ary-April shipment sold £l5; and for March-May shipment, £l5 ss. New Zealand: Market is easier on account of the exchange. Small business has been done in February-March shipment, Fair £l2 5s and common £ll 15s closing sellers. DEARER SUGAR. WHOLESALE RATES HIGHER. An increase of 10s a ton in the wholesale price of sugar was announced last week by the Colonial Sugar Refining Company, Limited. All grades of raw and refined sugars, golden syrup and treacle are affected by the alteration, but the prices of tablet and icing sugar remain unchanged. Details of the new scale of prices are: Brewers’ crystals, £22 10s a ton; No. .1, coarse grain, £2l 15s; No. IA, fine grain, £2l; No. 2, soft, £2O 10s; No. 3, yellow ration, £l9 10s; castor sugar, £1 4s 3d per cwt; invert sugar, £l9 a ton. The old scale of prices was introduced on October 18, when a decrease of 5s a ton was announced. Prior to that change, a decrease of 10s a ton had become operative on October 1, counteracting an increase of 10s announced on August 12. There had been a previous increase of £1 on July 1, following a reduction of 10s a ton on May 14. On April 15 last year there was a reduction of £1 on prices which had ruled since September 21, .1931, when there was an increase of £5 a ton following a rise in Customs duty imposed on July 30 of that year, CROP STANDARD FOR N.S.W. By Telegraph—Press Assn.—Copyright. Sydney, Jan. 31. The f.a.q. standard for the New South Wales 1932-33 wheat crop has been fixed at 61J pounds to the bushel. PRICE OF GOLD FAIRLY STEADY. London, Jan. 30. Gold Is quoted at £8 Is 5d an ounce, compared with £6 Is 4d and £6 Is 5d on the two previous days. LONDON WOOL SALES POSTPONED. London, Jan. 30. The wool sales have been postponed owing to the fog. BRADFORD WOOL MARKET QUIET. London, Jan. 30. The Bradford wool market is quiet and unchanged. WHEAT CARGOES QUIET. London, Jan. 30. Wheat cargoes are quiet, tending to ease in sympathy with overseas advices. Parcels are in moderate request with sellers occasionally agreeable to a IJd decline. Quotations are: —Futures: London, February-April, 20s 3d; Liverpool-March, 4s Bd, May 4s 9d, July 4s 101 d. SHAREMARKET SALES. Christchurch: Union Bank of Austlia; £7. 6s 6d (2), £7 8s (2); Commercial Bank of Australia (pref., cum div.), £8; N.Z. Refrigerating (10s paid), 3s 9d (2); British Tobacco, 31s 6d; Wilson’s Cement, 28s 6d; Blackwater, 20s sd; Golden Dawn, 4s; King Solomon, 2s Id (2); Nokomai, 5s 9d (3); Okarito, 9s 2d (3); Waihi,'2ls Id, 21s. Sales reported: 5| per cent, inscribed, September, 1937, £101; Bank of New South Wales, £2B 10s; Tooth’s Brewery, 345; Colonial Sugar, £49 15s; Wilson’s Cement, 295; Woolworths* (N.Z.), pref., 295. SYDNEY EXCHANGE STEADY. CONSOLS STILL IRREGULAR. Rec. 9.50 p.m. Sydney, Jan. 31. The general tone of the Stock Exchange to-day was one of steadiness. Australian Consols were still slightly irregular. Sales were: Commonwealth bonds. 4 per cent., 1938, £lO2 10s; 1941, £lO2 10s:

£lO3 3s 9d; 1953, £lOl 12s 6d; 1955, £lOl 13s 9d; 1957, £lO2 2s 6d; 1959, £lO2 7s 6d; 1961, £lO2 17s 6d; Bank of New South Wales, £3O 15s; Commercial Bank of/ Australia, 15s sd; Bank of Australasia, £10; British Tobacco, 335; Colonial Sugar (New Zealand delivery), £52 15s, £52 12s 6d, £52 11s; Tooth’s; 35s 3d; Toohey’s, 20s 9d; Burns Philp, 47s 9d; Australian Gas A, £7 4s; ditto, B, £7 ss; Dunlop Perdriau, 17s lOld; New Guinea Goldfields, 4s lOJd; Australian Glass, 46s 6d. Melbourne sales were: Goldsbrough Mort, 24s 3d; British Tobacco, 32s Id; Mount Lyell, 21s; Commercial Bank of Australia, pref., £8 4d. RECORD PRICE FOR MERINO. SYDNEY WOOL SALE TRANSACTIONS Rec. 9.15 p.m. Sydney, Jan 31. At the woolsales 11,806 bales were offered of which 11,200 were sold, as well as 798 which were disposed of privately. Under general competition rates were fully maintained for all descriptions. Greasy Merino fleece sold to 261 d, constituting a fresh record for the season in Sydney. Comeback lambs made up to the record price of