FINANCE AND COMMERCE

Taranaki Daily News, 26 May 1933, Page 12

FINANCE AND COMMERCE

. ADDINGTON MARKET GENERAL ADVANCE IN PRICES. i • BEST SALE HELD FOR MONTHS. Christchurch, May 24. For all the major sections at Addington market to-day advances were re-, corded. Fat lambs advanced Is 6d a head, fat sheep Is 6d a head, store sheep Is to 2s a head, and fat cattle up to £1 10s a head. It was the best market for many months for vendors. Store sheep: An excellent sale for a small entry. The general rain throughout the province had some bearing on values, as well as the advance in skin prices. Good halfbred ewe lambs sold to 9s Id; medium, to 8s 7d; ordinary wethers, 5s 5d to 5s 9d; medium m.s., to Gs 6d; medium 4, 6 and 8-tooth halfbred ewes, 8s 7d to 10s 3d; ordinary Romney-cross, 9s 8d to 9s lid; sound-mouths, 5s to 6s; inferior, Is 7d to 4s; good Corriedale wethers, to Ils lid; ordinary halfbred, to 8s Gd.

Fat lambs: An entry of 2200 head of good quality. There was very strong competition from butchers, and one freezing buyer with a general advance of up to Is Gd a head. Extra prime lambs sold to 18s 4d; prime, 14s to 16s 6d; mediumweight, 12s to 14s; ordinary, 10s to 12s; light, 7s- 6d to 9s 6d. Fat sheep: An entry of 4800 head. Strong competition from freezing -buyers had the effect of hardening values, especially of light and medium weights. The advance in those classes was Is 6d a head. Other classes had a firmer tendency. Extra prime wethers sold to 21s 7d; prime, 17s to 19s; medium weight, 14s 6d to 16s 6d; ordinary, 12s to 14s; light; 10s to Ils 6d. Extra prime ewes, to 16s 4d; prime, 13s to 14s 6d; medium weight, 10s to 12s 6d; ordinary, 8s to 9s Gd; light, 5s to 7s 6d. Fat ( cattle: An entry of 290 head, the first short supply for a month. The consequence was a sharp rise in values up to £1 10s a head for all prime classes. Best beef sold to 21s per 1001 b; good prime, 16s to 18s; heavyweight and medium. 13s to 15s; good cow, 12s to 16s; secondary, 10s to 12s; and rough to Bs. Values were: Extra prime heavy steers, to £lO 2s 6d; prune heavy,. £5 15s to £8; prime and medium weight, £5 15s to £7 sd; ordinary quality, £4 to £5 10s; light, £2 5s to £3 10s; extra prime heifers, to £8 7s 6d; prime, £4 5s to £6; medium, £2 17s 6d to £4; light, £1 10s to £2 15s; extra prime cows, to £7 7s 6d; prune, £4 to £5 ss; medium, £2 10s to £3 10s; light, £1 to £2 ss. 1 Fat pigs: A medium entry with the demand fairly keen. Choppers made 30s to £3 Is; baconers, 35s 6d to 40s; heavy, 44s 6d to 48s Gd; average price per lb, 3|d to 4d; porkers, 18s to 26s 6d; heavy, 28s 6d to 31s, 6d; average price per lb, 32d to 41d. HAWKE’S BAY VALUES. FAT SHEEP FIRMER. Hastings, May 24. Fat sheep values rose all round at Stortford Lodge sale to-day, when, a yarding of 6800 head was auctioned. Export interests were particularly busy. Lambs were chiefly affected, with ewes and wethers experiencing smaller increases. Lighter lines of lambs were not affected. Ewes, medium to prime, 7s 6d to 9s 3d; others from 5s 6d; two tooths, 10s 6d to Ils lOd. Lambs, medium to prime, 12s 9d to 16s 6d; others from 8s 3d. Wethers, medium to prime,. Ils lOd to 12s 8d; others from 9s Bd. Breeding ewes and forward lambs were in demand, values moving slightly upward. Wethers were unchanged. A total of 6000 store sheep was yarded. Ewes made 7s to 9s 2d; wethers, 8s to 10s, and lambs, 8s Id to 10s lOd. Cattle: Three hundred . fat and 400 stores were yarded, ox beef being scarce. Cow and heifer prices moved upward * early in the sale and moved back to normal, finishing at values on a par with last week. Bullocks, £3 13s 6d to £7 3s 6d; cows, medium to prime, £3 7s 6d to £4; others from £1 15s; heifers, £2 to £4 10s. Store cattle: £1 7s 6d to £4 8s; heifers, to £1 13s; cows, £1 to £1 16s. WESTFIELD SALE. GENERAL FIRMING IN PRICES. Auckland, May 24. The yarding of beef at Westfield was under 500 head compared with 800 last week. There was a steady demand, and values were slightly improved. Extra choice ox sold to 19s a 1001 b; choice and prime, 16s to 18s; ordinary and plain, 13s to 15s; prime young cow and heifer beef, 15s to 17s; ordinary cow beef, 10s to 14s. Extra heavy prime steers made '£7 to £7 15s; heavy prime, £6 to £6 17s 6d; lighter prime, £5 to-£5 17s 6d; light prime, £4 to £4 17s 6d; unfinished and small, £2 10s to £3 17s 6d; extra heavy prime young' cows and heifers, £4 15s to £5 ss; heavy prime, £4 to £4 12s Gd; lighter, £3 to £3 17s 6d; light cows, £2 5s to £2 17s 6d; other cows, £llos to £2. A full yarding of sheep sold readily at late rates, ewes being a shade firmer. Prime wethers, Ils 6d to 16s 6d; unfinish-

ea, 10s to 12s 6d; prime ewes, 8s to 13s; unfinished, 4s to 8s 6d. Lambs sold briskly at higher values. Prime lambs, 9s to 16s; unfinished, 6s to 9s. A short yarding caused an advance in values for calves. Runners made 25s to 465; vealers, 16s to 41s. Pigs also were in shorter supply, and prices improved. Baconers made 30s to 58s; porkers, 18s to 355; stores, 10s to 18s. , BURNSIDE SALE. SHARP RISE IN BEEF AND MUTTON. Dunedin, May 24. There was a general improvement in the tone of the market at Burnside today. In anticipation of the show week demand, farmers sent forward their best quality consignments, and butchers did not hesitate to bid for almost every lot offered. The market opened with prices for Bullocks 20s per head better than last week, but as the demand became firmer a further rise of 10s' per head was realised. Cows and heifers showed an average rise of 10s to 15s per head. The yarding numbered 300 head. Extra prune heavy bullocks sold to £ll 17s 6d; prime heavy to £9 17s Gd; medium from £7 to £8 10s; lighter sorts from £5 to £6; and unfinished from £4 to £4 10s. Extra prime heifers sold to £6 10s, and prime young cows to £4 10s. About 2600 sheep were offered. The yarding was not sufficient for a double sale. The proportion of . wethers was greater than usual, but more could have been offered without weakening the market. The market opened for all classes at 2s per head better than the previous sale, but even then many butchers could not obtain supplies. Keener competition about halfway through the sale brought an additional rise of 2s per head, and the sale finished strongly on that basis. Extra prime heavy show wethers sold to 28s 6d, a high price that has not been obtained at Bumside for some years. A number of pens of show wethers sold to £1 and better. The top price for ewes was 18s 6d. Prime ewes ranged from 14s to 16s. A full, yarding of 1600 lambs was of medium quality, with a few pens outstanding show lambs. Competition for the latter was keen and up to 17s 6d was realised. Export buyers operated at full late rates for all other qualities. There was a small, yarding of store cattle, including a line of well-bred three-year-old steers which sold to £3 12s 6d in sympathy with the rise in fat cattle. Prices were a shade firmer than late rates. A large entry of pigs consisted principally of porkers, very few bacon pigs being forward. Prices for the latter were firm at late rates, but owing to the over-supply porkers met a dragging sale and sold at a reduction of fully 8s per head. One or two good lines of large stores made up to 17s 6d. VVAIRARAPA PRICES. FIRM SALE AT MASTERTON. Masterton, May 24. A yarding of 1223 sheep, 78 head of cattle, and 25 pigs was offered by the New Zealand Farmers’ Co-operative Distributing Company, Ltd., at the Masterton sale to-day. Wethers were in keen demand, while all other store and fat sheep remained at late rates. All cattle met a dull market, while pigs improved a little on last .week’s rates. Fat sheep: Prime fat wethers, 14s 6d; light wethers, 12s to 13s 4d; fat 2-tooth Downs, 12s 6d to 13s; prime fat ewes, 9s to 10s; good ewes, 7s to 8s; light ewes, 6s 6d to 6s lOd; prime heavy lambs, 13s to 14s 6d; good lambs, 10s 9d to 12s 6d; light lambs, 8s to 9s Bd. Store sheep: Small 2-tooth wethers, 10s 3d; good 4-tooth wethers, 12s; forward empty ewes, 6s; m.a. ewes, r.w. S.D. rams, 10s 6d; s.m. do., 7s to 7s 4d; w.f. shorn lambs, 7s 4d to 7s 8d; small do., ,4s to 5s lOd; good b.f. lambs, 8s to 9s id; small do., 6s' to 6s 8d; cull ewes, 3s to 4s 4d. Cattle: Heifer on drop, £4 17s 6d; dairy cows, due factory dates, £1 Ils to £2; springing cow, £3; P.A. cows, r.w. P.A. bull, £1 10s; Hereford cows, do., £1 6d; S.H. cows, do., £1; potter cows, 10s to 12s 6d. Pigs: Light porkers, £1 2s; slips, 7s to 8s; weaners, 5s to 6s. A small yarding of sheep was offered by Dalgety and Co., Ltd. There was a good attendance of buyers, and competition was keen. Fat ewes, 7s 6d; small ewe lambs, 6s; small wether lambs, 6s Id; good w.f. woolly wether lambs, 8s 6d; good b.f. lambs, 7s 4d; shorn wether lambs, 7s 6d. JOHNSONVILLE SALE. PRICES REMAIN STEADY, Wellington, May 24. Prices showed little or no change at to-day’s sale at Johnsonville. Wright, Stephenson and Co., Ltd., and Abraham and Williams Ltd. report a full yarding of all'classes of stock. The cattle yarding comprised average quality bullocks with a few pens of heavier sorts. Cows and heifers were of extra good quality. There was a good demand for all classes of cattle at prices showing no alteration on last week’s rates. Vealers met with a ready sale. The sheep yarding comprised good quality wethers and ewes, and a poor quality yarding of lambs. Wethers were dull of sale, there being very little demand, while ewes met with good competition at last week’s rates. Good lambs were in demand, but plain and inferior sorts were hard to quit. Cattle: Prime, heavy bullocks, £7 15s to £7; heavy bullocks, £6 10s to £6; light and unfinished bullocks, £3 Ils; prime heavy cows and heifers, £4 10s to £3 10s; runners, £2 2s to £1 12s. Sheep: Prime extra heavy wethers, 15s 6d to 14s lOd; prime heavy wethers, 14s to 13s 6d; prime heavy ewes, 10s 6d to. 10s; medium ewes, 9s 5d to 9s Id; heavy lambs, 15s Id to 13s 3d; lambs, 12s to 10s 9d. ' 1 SHAREMARKET TRANSACTIONS. Stock Exchange sales reported by the Press Association yesterday were: — ■ Wellington: Colonial Sugar, £56 7s 6d and £56 10s; Farmers’ Auctioneering (B pref.), 12s. Dunedin: Waitahu, 7s (3 lots); Gillespie’s Beach, Is 6d. Reported sales: Donaghy’s, 38s; New Zealand Drug, 655, 6d; Wilson’s Cement (cum. div.), 31s 6d; Waitahu, 7s; Big River, Is 6d; Lawson’s Flat, Is 7d. Christchurch: Sales on Exchange: Christchurch Drainage Board 5J per cent. 1973, £lO2 12s 6d; Commercial Bank of Australia, 14s 8d; Commercial Bank of Sydney, £l5 17s 6d (2); Union Bank of Australia, £7 18s; N.Z. Refrig. (10s paid), 4s Id; Colonial Sugar, £56 12s Gd; Electro Zinc (ord.), 18s 2d, 18s Id; Mt. Lyell, 21s Id; N.Z. Farmers’ Co-op. 4} per cent. Stock 1945, £45 10s, £46, £46 10s; Alexander (13s 6d paid), 9s lOd, 9s 9d, 9s 8d; Big River, Is 6d, Is 5Jd; Consolidated, 10s Gd; Lawson’s Flat (Is paid), Is 7d; Nokomai, 4s IOJd (2); Okarito (cum. div) Ils 3d; Waihi Grand Junction (cum. div.), 3s 9d; Waitahu (4s 6d paid), 7ss Woolworths (Sydney) pref, new 10s paid), 14s 6d; Woolworths (Sydney) pref, new (£1 paid), 25s (2). Sales reported: 4 per cent Inscribed 1955, £lOO 10s; Commercial Bank of Australia (pref.), £8 17s; Union Bank of Australia, £7 19s; £8; Goldsbrough Mort, 23s lOd; Westport Stockton Coal (ord.), lid; Staples’ Brewery (late sale 24th), 255; Beath and Co., 25s 3d; Colonial Sugar, £56 10s, £56 15s; Commercial Bank of Sydney, £l5 17s 6d. Unlisted sales: Bell Hooper, lid (5), lUd. Auckland: Bonds, 1949, 4 per cent., £lOO ss; Mt. Eden, 1964, 5i per cent., £95;

Auckland Gas, 1942, 6 per cent., £lO4 10s; Commercial Bank of Australia (pref.), £8 16s 3d; South British Ins., 64s 6d; Auckland Gas, 23s 3d; Colonial Sugar, £56 10s; N.Z. Newpapers, 24s 3d, 24s 6d; Union Oil, 245; Golconda, GJd; Waihi, 21s lOd; Mt. Lyell, 20s 9d. SYDNEY STOCK EXCHANGE. By Telegraph—Press Assn.—Copyright. Rec. 8 p.m. Sydney, May 25. On the Stock Exchange to-day there was sustained inquiry for front rank industrials, the market for which was firmer. The gilt-edged group continued steady. Banks were quieter. Sales were: Commercial Bank of Sydney, £l6; Colonial Sugar, £5B 2s Gd; ditto (N.Z. delivery), £5B; Austral. Gas (A), £7 2s; Associated News (pref.), 18s 104 d; British Tobacco, 35s lid; Dunlop Perdriau, ,18s ljd; ditto (pref.), 33s 3d; Goldsbrough Mort, 24s 9d; Tooth’s, 36s 7id; Toohey’s, 225; Morris Hedstrom,' 17s Gd; Henry Jones, 395; Broken Hill Proprietary, 32s 7d; South Broken Hill, 53s 6d; North Broken Hill, 77s 3d. Melbourne reports the following sales: British Tobacco, 35s 3d; Dunlop Perdriau, 18s 2d; Electrolytic Zinc, 18s sd; Mt. Lyell, 21s lid; Taranaki Oil, 2s 6d; South Broken Hill, 53s 6d; North Broken Hill, 775. METAL MARKET IMPROVEMENT. By Telegraph—Press Assn.—Copyright. Rec. 8 p.m. London, May 24. Tin made a good recovery in the London industrial metals market to-day and other metals are higher. AUSTRALIAN PRODUCE PRICES By Telegraph—Press Assn.—Copyright. Rec. 8 p.m. Sydney/ May 25. Produce quotations are: Wheat, country stations, bagged 2s 6d a bushel, bulk 2s 5Jd, equal to about 3s Id and 3s lid ex trucks at Sydney; flour, £lO 5s a ton; bran, £5; pollard, £5; potatoes, Tasmanian, £7 10s to £8 a ton; Victorian, £6 10s; onions, Victorian Brown Spanish, £6 a ton, Globes, £5 a ton; maize, white apd yellow, 4s Id. Adelaide pricks are: Wheat (growers’ lots), 2s lOd to 2s 104 d a bushel, flour (bakers’ lots), £8 10s a ton, bran, £5 2s 6d, pollard, £5 2s 6d, oats, Is 9d a bushel. WOOL PRICES MAINTAINED. GENERAL DEMAND IN LONDON. By Telegraph—Press Assn.—Copyright. London, May 24. At the wool sales 8335 bales were offered, including 5208 from New Zealand. About 6933 were sold. The offering met with a good general demand and late rates were maintained without difficulty. Quotations: New Zealand greasy halfbred: Arden, top llfd, average 10Jd. Half-bred lamb slipe: Pareora, 13 Id and 12 5-Bd. Scoured merinos. Godley Peaks, 21d and 17d.