FINANCE AND COMMERCE

Taranaki Daily News, 11 July 1933, Page 12

FINANCE AND COMMERCE

STOCK SALE AT FEILDING. GENERAL ADVANCE IN PRICES. At the Feildmg sale on Friday, reports Dalgety and Co., Ltd., the yarding of fat lambs was smaller than for some time and competition was not so keen, principally owing to the quality not being up to the standard. Fat ewes, however, were yarded in about the usual numbers and showed an increase of 2s. Fat wethers also showed an improvement of 2s. per head. The yarding of store sheep was also smaller than usual, but all classes were keenly competed for. Breeding ewes increased 2s. to 2s. 6d. per head. Ewe hoggets also showed an increase of Is. to 2s. There was a full yarding of fat cattle, particularly of bullocks, which ’sold freely at advanced rates. The market for store cattle was Very strong. Fat lambs, 11s. 6d., 125., 12s. 3d.,' 13s. 10d., 15s. lOd. to 165.; fat two-tooths, 15s. Id.; fat ewes, ss. 6d., 6s. 9d., 125., 12s. 10d., 135., 14s. Bd.; fat wethers, 16s. 3d., 175., 17s. Id., 17s, 9d.; four and five-year ewes, r.w. Southdown rams, 12s. 3d., 135., 155.; aged ewes, r.w. Southdown rams, Bs. 2d.; two-tooth ewes, empty, 14s. 6d.; ewe lambs, 9s. 5d., 10s. 5d., 12s. Id.; wether lambs, 9s. 10d., 11s.; fat bullocks, £4 155., £5, £5 65.; prime fat bullocks, £5 145., £6 7s. 6d.; fat heifers, £3 155., £3 195., £4 Ils., light fat cows, £2 16s. to £3; fat cows, dairy sorts, £2 4s. to £2 55.; vealers, 365. to £2; 3A-year P.A. steers, £5 Is.; small two-year steers, £2 55.; rough bullocks, £3 55.; medium Jersey' yearling heifers, 385.; store cows, 205.; medium springing heifers, 375. 6d., £2, £2 17s. 6d. to £3 155.; early calvers, to £5 10s. A line of good quality Jer-sey-cross cows, , account D. G. Forlong, sold from £3 to £3 10s. for the back- . ward sorts, up to £6 55., the average price being £4 10s. LIVE STOCK MARKET. GISBORNE VALUES FIRM. Gisborne, July 8. At the Gisborne sale, fat sheep values were maintained. Ewes, extra, Ils Id to 11s 7d; generally 9s to 10s 6d; maidens, 13s Id; wethers, 13s 3d; lambs, 10s to 11s 6d; second grade ewes, 6s 8d to 8s 6d. Store sheep: An entry of 2500 head. It was a keen sale, values again advancing. Breeding ewes, five-year, 12s sd; four to six-year, 12s 7d; six-tooths, 10s 9d; two-tooth to four-year, fairly good, 8s lOd; hoggets, good, 9s 9d to 10s 3d; medium, 6s 7d to 7s 8d; wethers, mostly fat, 13s 9d; fresh stores, 12s 4d. The beef cattle entry was of excellent quality, resulting in an advance of prices. Prime heavy cows, 60s to 67s 6d; good, 50s to 52s 6d; good heifers, 52s 6d to 57s 6d; vealers, 22s 6d. LONDON SHEEPSKIN SALES. KEEN DEMAND EXPERIENCED. The New Zealand Loan and Mercantile Agency Co., Ltd., has received the following advice from London, dated July 7:— Sheepskins: Combing and clothing Merino, 15 per cent to 20 per cent, higher; combing and clothing crossbred, 15 per cent, higher; demand keen, catalogues well cleared. Quotations: 56/58.’s, full-woolled sound pelts, 9id.; S-woolled sound pelts, 7Jd.; 1-woolled sound pelts, 6d.; 48/50’s, fullwoolled sound pelts, 71d.; i-woolled sound pelts, 6|d.; J-woolled sound pelts, s|d.; 44/46’s, full-woolled sound pelts, 5Jd.; 3-woolled sound pelts, 5d.; J-wool-led sound pelts, 4Jd.; 40’s, full-woolled sound pelts, 4fd.; -j-woolled sound pelts, 4_}d.; A-woolled sound pelts, 4d.; short and shorn, 3d. to 4Jd. OKARITO AND GOLDEN TERRACE. By Telegraph—Press Association. Dunedin, July 10. The Golden Terrace return was 490 z. for the week and the Okarito 990 z. sdwt. for 120 hours. The Mahakipawa goldfield return was 550 z. SHAREMARKET TRANSACTIONS. NEW ZEALAND EXCHANGES. Sales of stocks and shares reported by the Press Association are:— Wellington: Commercial Bank of Australia, 16s. 4d. Dunedin: Waitahu (two parcels), 6s. lid.; Central Shotover, Is. 2d.; Bell-Kil-gour (eight parcels), lid. Reported sales: National Bank Mortgage, 455. 3d.; BellKilgour (after call), lid., lOld. (eight parcels each). Christchurch: Commcrical Bank of Australia (cum div.), 16s 5d (four parcels); National Bank of Australasia (£lO paid), £l2 15s 6d; Bank of New South Wales, £32; Grey Valley Coal, 13s 6d; New Zealand Breweries, 33s 4d; Mount Lyell, 21s lid; Wilson Cement, 33s Id; Bell Kilgour, Is; Consolidated, Ils lid; Cornish Point, 6d; Gillespie’s Beach (9d paid), Is 6ld (3); Lawson’s Flat (Is paid), Is 4d (4); Nokomai, 4s Id (2); Okarito, 10s 9d; Waihi Grand Junction, 3s 6d. Sales reported: Dalgety and Co., £0 6s; New Zealand Guarantee Corporation, Gs; New Zealand Refrigerating (10s paid), 6s sd. 6s 4d; Grey Valley Coal, 14s; New Zealand Breweries, 33s 4d (2), 33s 6d; D.I.C. (10s paid), Ils; Electro. Zinc (pref.), 325; New Zealand Newspapers, 265; Wilson’s Cement, 335. Auckland: Commercial Bank of Australia, 16s 4d (2), 16s 41d; National Bank of New Zealand, £4 (2); Bank of New Zealand, 48s, 48s 3d (2); New Zealand Insurance, 50s (2); New .Zealand Guarantee Corporation, 6s; Auckland Gas, 23s

4d; Kauri Timber, 13s; New Zealand Breweries, 33s 4d; Staples’ Breweries, 26s 9d; Colonial Sugar, £57 10s; Electrolytic Zinc (ord.), 21s; Kempthome Prosser, 64s 6d (2); New Zealand Paper Mills, 26s 6d; Wilson’s Cenient, 33s 2d (2), 3os 3d; Bell Kilgour, Is, Is Old, Is; Gblconda, Is 3d, Is 2d (2); Waihi, 225, 22s Id; Waihi Grand Junction, 3s 6d. SYDNEY MARKET VERY STRONG. EVEN LOANS SHOW FIRMNESS. Rec. 8.10 p.m. Sydney, July 10. The Stock Exchange market is very strong, due to the rising trend of wool and wheat values and the favourable season ahead. Scrip of leading industrial and trading companies is very firmly held. Business is widespread and even loans are firmer than before the week-end. To-day’s sales were: Bank of New South Wales, £3l 15s; E., S. and A. Bank, £5 2s 6d; Colonial Sugar, £57 17s 6d- Burns Philp, 525; Huddart Parker, 31s; Australian Gas (A), £7 ss; Australian Glass, 48s 6d; Associated News, 8s 8d; do. (pref.), 18s. 6d; British Tobacco, 34s 6d; Australian Iron and Steel (pref.), 14s 6d; General Industries, 9s lid; Morris Hedstrom, I7s; Henry Jones, 38s 6d; Commonwealth Wool, 16s 3d; Winchcombe Carson, 275; Millaquin Sugar, 27s 1 Jd; Electrolytic Zinc, 22s 3d; Tooth’s, 39s 6d; Toohey’s, 245; Mt. Lyell, 22s lid; Broken Hill Propy., 34s 3d; North Broken Hill, 85s 6d; Dunlop Perdriau, 18s 6d; Goldsbrough Mort, 28s 3d. Melbourne reports the following sales: Commercial Bank of Australia, 16s 9d; Commercial Bank of Sydney, £l7; National Bank (£lO paid), £l3; Goldsbrough Mort, 28s 3d; Electrolytic Zinc (pref.), 32s 6d; Herald and Weekly Times, 455; Mt. Lyell, 225; South Broken Hill, 57s 3d.