FINANCE AND COMMERCE

Taranaki Daily News, 4 August 1933, Page 12

FINANCE AND COMMERCE

SHEEP PRICES UP GENERALLY ADDINGTON MARKET RESULTS. / GOOD PRICES AT DOUBLE SALE. Christchurch, Aug. 2. The Grand National double market at Addington to-day maintained its reputation as the finest, exhibition of show fat stock of the Dominion. The entries were representative of both islands, those of North Island fatteners being extensive. Store sheep: A big, poor entry. Values were on a par with late rates. Good wether lambs, 9s to 11s; ordinary m.s., 7s 3d to 9s; good 6 and 8-th halfbred ewes, to 16s lid; medium, to 13s 6d; good s.m., Ils to 13s; s. and f.m., 8s to 10s; old and low condition, 5s to 7s; young halfbred wethers, to 12s 7d. The spring lambs entry was 52 head. It was a keen sale, the top price being 32s lOd. Fat hoggets: An entry of 900 head. An excited sale with a rise of Is 6d a head all round. Show hoggets sold to 31s Id; extra prime, 22s 6d to 255; prime, 19s to 225; medium, 15s 6d to 18s 6d; light, 10s to 15s. Fat sheep: An entry of 6900 head, including North Island consignments. The entry was short of requirements, and there was a sharp rise of 2s 6d a head for all classes. Show wethers sold to 42s 4d; extra prime heavy, 27s to 32s 6d; prime heavy, 24s to 20s 6d; medium weight, 21s to 23s 6d; ordinary, 18s 6d to 20s 6d; light, 15s 6d to 18s. Show ewes, to 29s Id; extra prime heavy, 24s to 275; prime heavy, 20s to 23s Gd; medium weight, 17s to 19s 6d; ordinary, 13s 6d to 16s 6d; light, 10s to 13s. Fat cattle: An entry of 500 head—not sufficient for the demand, but the market was irregular. Consignments of show "bullocks were forward from Wanganui, Palmerston North, Hawke’s Bay, Gisborne, West Coast of South Island, Otago and Southland. Best beef made 23s to 26s and up to 28s per 1001 b.; heavyweight, 18s to 21s; medium, 16s to 19s; rough down to 12s 6d. Show steers made £l3 to £2O 10s; extra prime heavy, £ll to £l2 17s 6d; prime heavy, £9 10s to £11; medium-weight, prime, £3 to £lO 10s; ordinary, £5 15s to £8; light, to £5; extra prime heifers, to £9 17s 6d; prime, £6 to £8 10s; medium, £4 5s to £6; light, to £4. Show cows, to £lO 12s 6d; extra prime, to £9 7s 6d; prime, £5 15s to £7 15s; medium, £3 15s to £5 10s; light, to £3 10s. Fat pigs: A good entry of baconers. The demand was better. Porkers were in large supply. Choppers, 30s to £4; show choppers, £5 6s to £8 18s 6d; baconers, 45s to 50s; heavy, 52s to 58s 6d; extra heavy, to 635; average price a lb., 3fd to 4|d. Porkers, 18s 6d to ..24s 6d; heavy, 26s 6d to 30s 6d; extra heavy, to 32s 6d; average price a lb., 4d to 41d. JOHNSONVILLE SALE. ■ PRICES REMAIN FIRM. Wellington, Aug. 2. Under good competition, prices were steady at to-day’s sale at Johnsonville. Wright, Stephenson and Co., Ltd., and 1 Abraham and Williams, Ltd., offered an average yarding of all classes of stock, submitted to a full attendance of buyers. The quality of the stock was better than has been yarded for the last few weeks; it was one of the best yardings offered for some time. Taking into account the better quality stock offered prices for both bullocks and cows showed no alteration on late rates. Prime vealers were on a par, while medium showed a decline. The sheep yarding comprised very -.good quality ewes and wethers, and a keen sale resulted, the prices for wethers being on a par with last week’s rates, while ewes were slightly firmer. Only a few pens of lambs were offered, and these met with keen competition. Cattle: Prime extra heavy bullocks, £lO, £9 15s, £9 10s, £9 ss; heavy bullocks,. £7 15s, £7 10s,- £7 ss, £7; bullocks, £6 10s, £6 7s, £6 ss, £6;/extra prime heavy cows and heifers, £5 15s, £5 10s, £5 ss; heavy cows and heifers, £4 15s, £4 12s 6d, £4 10s, £4 6s; runners, £3, £2 13s, £2 10s, £2 ss, £2 3s, £2, £1 15s. Sheep: Prime extra heavy wethers, 25s 6d, 255; prime heavy wethers, 23s 9d, 23s 3d, 235, 22s 9d, 22s 6d; heavy wethers, 21s, 20s; light wethers, 18s; prime heavy ewes, 22s 9d, 22s 6d, 22s 4d;. heavy ewes, 21s, 20s 6d, 20s; ewes, 19s 6d, 19s 3d, 19s, 18s 9d, 18s; heavy hoggets, 20s 9d, 19s; light hoggets, 17s 6d; lambs, 15s 7d, 12s. WAIRARAPA PRICES RISE. IMPROVEMENT AT MASTERTON. Masterton, Aug. 2. A yarding of 726 sheep, 169 head of cattle, of which 109 head were dairy cows and heifers, and 36 pigs, were offered at Masterton sale to-day by the New Zealand Farmers’ Co-operative Distributing Co. Ltd. Ewes in lamb and hoggets were keenly competed for, and sold at advanced prices. Fat wethers sold a little better than last week, while fat ewes were a little easier. Fat cattle improved .considerably, while stores also advanced. Fat sheep: Extra prime heavy wethers, 255. to 26s 7d; prime wethers, 22s 9d to 24s 7d; medium wethers, 17s lOd to 19s 9d; extra prime heavy ewes, 19s 9d to 21s 7d; good ewes, 16s 9d to 18s 6d; fat lambs, 16s 9d to 18s; light fat Southdown ewes, 12s 6d to 14s Id; fat maiden do., 20s 6d. Store sheep: M.A. ewes, r.w. Southdown rams, 15s 3d to 15s 8d; 5-year do., 13s to 14s Id; 2, 4 and 6-tooth ewes, r.w. Romney, 13s 2d to 13s 6d; wether hoggets, Ils 7d; b.f. hoggets, Ils 9d. Cattle: Fat cows and heifers, £3 to £4 8s; 2J and 3J-year P.A. and Hereford steers, £3 6s to £3 16s; 2J-year do., heifers, £2 12s 6d to £2 14s; yearling Jersey heifers, 20s to 355; store dairy cows, 13s to £1 ss. Dairy Cattle: Jersey cows, close to profit, £4 10s to £5 ss; later cal vers, £2 10s to £3 12s 6d; springing Jersey heifers, £2 15s to £4; heifers (late calvers), £2 to £2 15s; aged cows, £1 15s to £2 ss; cows in milk, £3 15s to £5 ss. Pigs: Light .porkers, 17s to 20s; slips, 12s 6d to 13s; good weaners, to 10s; small do., 5s 6d to 8s 6d. BURNSIDE SALE PRICES BETTER. SHEEP AND LAMBS ADVANCE. Dunedin, Aug. 2. Consignments from Central Otago and Southland with a fair entry from local fatteners formed a larger yarding of 207 head of fat cattle at Burnside. The sale fluctuated at times, but values on the average were steady at last week s rates. Medium-weights had the benefit of any extra competition. Extra prime heavy bullocks made to £l3 7s 6d; prime heavy, £lO to £l2 10s; medium, £8 to £9 16s; lighter sorts, £6 5s to £7 10s; best heifers and cows, to £8 12s; others, from £3 10s to £6. In the fat sheep section the quality was lower than last week’s standard. Of 2000 penned approximately 300 were wethers. Owing to the shortage of wethers and prime ewes there was a keen demand and a consequent rise of Is to Is 6d per head. This was steadily maintained throughout the sale, but medium

and aged ewes, which sold well at the start, later on showed a decline of Is per. head on last week’s rates. Graziers kept the prices steady for lighter sorts. \ Extra prime heavy wethers sold to 275; prime medium weights, 18s to 225; light, 15s to 17s;. best ewes, 235; prime heavy ewes, 14s to 18s; medium, 9s to 13s; light, 4s to Bs. The few pens of lambs offered showed a further rise in values, the top price being 19s 6d. ■ Of store cattle there was only a small entry. A line of well-bred one and ahalf year-old steers in backward condition realised £2 4s. Vealers, which comprised about one-half of the yarding, met good competition, up to £3 12s being obtained for a good consignment from Central Otago. 1 The yarding of dairy cows was a large one of poor quality. It was a dragging sale, old cows being practically unsaleable. Young spring calvers were wanted only at reduced rates. The yarding of fat pigs numbered 120. Porkers met poor competition, and sold at a reduction of fully 5s per head. A short entry of 64 store pigs was keenly competed for, and prices showed a marked increase. SHORT YARDING AT WESTFIELD. FAT SHEEP PRICES IMPROVE. Auckland, Aug. 2. There was again a shprt yarding of sheep at Westfield. Buyers could barely fill requirements, and prices advanced under keen competition, the rise for prime sorts being from 3s to 4s a head. Prime wethers made 17s 6d to 345; unfinished, 14s to 17s 6d; prime ewes, 15s to 29s 9d; unfinished, 7s to 14s 6d; last year’s lambs have now moved into the hogget class, and there was an average offering which had a steady sale. Prime hoggets made 10s to 235; unfinished, 6s to 9s 9d. Only a few spring lambs were available, and sold at 17s to 31s 6d. The yarding of beef totalled 750 head, compared with 650 last week. There was some first-class stock offering, and values were unchanged. Extra choice ox, 21s a 1001 b.; choice and prime,, 17s to 20s; secondary and plain, 14s to 16s; prime’ yotmg cow and heifer, 15s to 18s; ordinary cow, 10s to 14s. Extra heavy prime steers made £9 5s to £9 15s; heavy prime, £8 to £8 17s 6d; lighter prime, £6 12s 6d to £7 15s; light prime, £5 10s to £6 10s; small unfinished, £4 5s to £5 7s 6d; extra heavy prime young cows and heifers, £5 10s to £5 15s; heavy prime, £5 to £5 7s 6d; lighter prime, £4 5s to £4 15s; other killable cows, £2 to £4 2s 6d.

In the calf-market, prime vealers sold at higher rates, prices for plainer sorts being unchanged. Runners made 40s to 975; vealers, 25s to 725. Pigs were in short supply, but the demand was easier. Baconers made 33s to 645; porkers, 17s to 325; stores, 20s to 245. \ ALMADALE JERSEY SALE. KEEN BIDDING FOR STUD BULLS. There was a large attendance of local and visiting breeders at the annual sale of Mr. W. H. Miers’ . Almadale Jerseys on the farm at Rototuna, near Hamilton, on July' 25, and as a result the cattle were distributed- to Otago, Taranaki, North Auckland, Bay of Plenty, Manawatu, Taihape and all parts of the Auckland province. The feature of the sale was the spirited competition for the young bulls by the imported sire, General Cowslip’s Pioneer, who was a noted prizewinner on Jersey Island, and for which bull Mr. Miers paid 600 guineas at auction some years ago. He is not only a great butterfat bred bull but is half-brother of some of the best breeding bulls in the Northern. Hemisphere. Mr. ’Miers retained several for his -own use, and the balance of 14 rising yearlings realised £5lB, one crop of young bulls thus paying for their sire, as those retained were valued at high figures, such in fact having been refused privately. No fancy prices were- paid, but a good average was maintained, and the bulls passed into the hands of leading breeders. Mr. Harold Lancaster, Levin, paid 55 guineas for the sound breeding type of bull Almadale Concentration, from the cow Jersey Brae Delight; Mr. Truby King, Stratford, paid 50 guineas for Almadale Indicator, a show bull of rare type out of a great cow in Majesty’s Brownie, a double grand-daughter of Soumise Majesty, imp.; Mr. J. Nash, Tangiteroria, Whangarei, paid 45 guineas for Almadale Agent, a great masculine type of youngster out of the Te Rapa Lad cow, Jersey Brae Ruby, one of the best dams in the herd; Mr. E. Griffiths paid 41 guineas for Almadale Glen, a half-brother to Almadale Neat Eye, the junior champion heifer at the last Waikato Show and a grandson of the North Island champion cow Noble’s Choice; Mrs. S. E. Southee and Sons, Walton, 42 guineas for Almadale Dinkum, another very attractive type from the Seashell family; and Mr. F. J. Hellyer, Dunedin, who won many championships' and prizes and established a South Island butterfat record with cattle previously bought from Almadale, secured a 'striking type of a young sire in Almadale Sonny Boy, who Was from one of the great daughters of Noble Soumise in Attractive Lady, an own sister to the double North Island champion, Noble’s Choice.

Among the old bulls Mr. J. L. Trussing. Rototuna, secured the four-year-old herd sire, Almadale Oxford Lad, by Willonyx Oxford Lad, imp., for 45 guineas. Another good purchase wSs made when Mr. R. E. Robertson, Waiuku, secured Hua Brook Rosamund, by the imported sire Mourier’s Oxford Noble, at 47 guineas. This bull headed the winning junior group at the Waikato Show for Mr. Miers last year, and won first prize as a yearling at the national show and sale.

As at most recent sales competition for the in-calf heifers was disappointing. Mr. F. J. Hellyer paid the top price of 29 guineas for Almadale Bettina, and also secured Almadale Betty at 27 guineas, and Mr. A. McGregor, Dunedin, secured Almadale. Noeline at 24 guineas. Most of the heifers were passed, but all were sold privately after the sale. The junior champion heifer Almadale Neat Eyes, a grand-daughter of Willonyx Oxford Lad, also goes to Dunedin, having been secured by Mr. Hellyer. Mr. J. Bones, of Ohaupo, whose heifer, Greencroft Cousin Grace, sired by Alma-

dale Golden Ruler,-promises to complete a junior two-year-old record exceeding' 8501 b. of fat, also submitted a line of ten in calf heifers, the majority of which were sold at prices ranging up to 23 guineas. Several reserved lots sired by Almadale Golden Ruler were passed in at bids up to 40 guineas. SHAREMARKET TRANSACTIONS. NEW ZEALAND EXCHANGES. The Press Association reports the following sales on Dominion stock exchanges yesterday:— Wellington: Commercial Bank of Sydney, £l7 ss; New Zealand Insurance, 32s 6d; King Solomon Mines, 2s; New Zealand Drug Company, 665; Big River, Is sd. Dunedin:—Reported sales: Goldsbrough Mort, 26s Id; New Zealand Paper Mills,’ 27s (two lots); New Zealand Breweries, 33s 4d; Snowy River, 3s 6d. Auckland:—Sharemarket sales: Stock, 1955, 4 per cent., £lOO 12s 6d; Mt. Eden Borough, 1952, 5 per cent., £94; National Bank of Australasia, £l2 17s 6d; Bank of New South Wales, £32 ss; Bank of New Zealand, 49s sd, 49s 7d; Union Bank, £9 ss; New Zealand Insurance, 52s 6d (2) South British Insurance, 70s; Goldsbrough Mort, 26s 6d; Loan and Mercantile, £45; Renown Collieries (pref.), lOd; British Tobacco, 345; New Zealand Drug, 66s (2); Alexander, 20s (2); Blackwater, 28s 6d; Waihi Junction, 3s Bd. Christchurch:—Sales on Exchange: New Zealand Government, 4 per cent, inscribed, 1940, £101; Commercial Bank of Sydney’ £l7 5s 6d) £l7 es> £l7 6s 6d> £l7 7s; Bank of New Zealand, 49s sd; Union Bank of Australia, £9 4s, £9 3s 6d; Christchurch Gas (cum div.), 27s 6d (3) New Zealand Breweries, 33s 2d; British Tobacco, 34s Id; Mt. Lyell, 225; Alexander (13s' 6d paid), 19s 7d, 19s 3d, 19s 6d, 19s 4d (2), 19s 3d, 19s 2d, ,19s Id; Big River, Is s)d; Gillespie’s Beach (Is paid), Is lid; Lawson’s Flat (Is paid), Is 3d (3). Sales reported: New Zealand Government; 4. per cent, bonds, 1955, £lOO 15s; New Zealand Government, 4 per cent, bonds, 1955 (late sale 2nd), £lOO 15s; Commercial Bank of Australia, 16s sd; Bank of New Zealand, 49s 6d; Goldsbrough Mort (late sale 2nd), 26s 6d; New Zealand Refrigerating (10s paid), 6s lOd; Electro Zinc (pref.), 2s 3d. SYDNEY MARKET VERY ACTIVE. BONDS LEAD IN GENERAL RISE. By Telegraph—Press Assn—Copyright Rec. 8.35 p.m. Sydney, Aug. 3. The Stock Exchange to-day was very active, Commonwealth Bonds leading the way in a general rise in prices. Sales were: Bank of Australasia, £l2 35.; Commercial Bank of Sydney, £l7 Bs.; National Bank (£5 paid), £6 75.; Colonial Sugar, £59 55.; Australian Provincial Assurance, Ils. 7d.; Associated News, Bs. 6d.; do. (pref.), 195.; Adelaide Steam, 235. 9d.; Australian Gas (A), £7 6s. 6d.; British Tobacco, 355.; Anthony Hordern, 10s. 6d.; do. (pref.), 19s. 3d.; Australian Iron and Steel (pref.), 15s. 4£d.; Australian Glass, 495.; Burns, Philp, 52sJ; Goldsbrough, Mort, 265. 6d.; Dunlop Perdriau, 18s. lid.; Meggitts, 205.; Farmers, 135.; Morris Hedstrom, 18s. IOJd.; Millaquin Sugar, 285.; Winchcombe Carson, 265. 9d.; Wilcox Mofflin, Bs. 4d.: Wunderlich, 20s. 6d.; Mount Morgan, 385.; Broken Hill Proprietary, 375. 4M.; South Broken Hill, 575.; North Broken Hill, 84s. 6d.; Zinc Corporation, 335.; Commonwealth 4 per cent, 'bonds, 1938, £103; 1941, £lO3 10s.; 1944, £lO4 12s. 6d.; 1947, £105; 1950, £lO5 7s. 6d.; 1953, £lO4 7s. 6d.; 1955, £lO4 17s. 6d.; 1957, £lO4 17s. 6d.; 1959, £lO5 7s. 6d.; 1961, £lO5 15s. Melbourne reports the following sales: Commercial Bank of Australia, 16s; Bd.; Goldsbrough, Mort, 265. 6d.; Carlton Brewery, 395.; Herald-Times, 445. 3d.; Electrolytic Zinc (pref.), 325. 6d. AUSTRALIAN PRODUCE PRICES. WHEAT MARKET VERY QUIET. By Telegraph—Press Assn.—Copyright. Rec. 8.35 p.m. Sydney, Aug. 3. The wheat market is very quiet Shippers are not operating owing to the uncertainty overseas. Bulk wheat is nominally 3s. 51d. and bagged 3s. 6Jd. Other quotations are: Flour, £ll a ton; bran, £4 a ton; pollard, £4 10s. a ton; potatoes, Tasmanian £6 10s. a ton, Victorian £5 105.;.' onions,. Victorian Brown Spanish, £4 10s. a ton; oaten hay, £7 a ton; maize, white and yellow, 4s. 4d. a bushel. Adelaide reports the following prices: Wheat, growers’ lots, 3s. 3d. to 3s. 3Jd. ia bushel; flour, bakers’ lots, £9 10s. a ton; bran, £5 2s. 6d. a ton; pollard, £5 2s. 6d. a ton; oats, Algerian, 2s. Id. a bushel. ■ . ' ■■ ■ ■ /■ • ■, ■ ; STERLING AND DOLLAR. FURTHER DECLINE OCCURS. By Telegraph—Press Assn.—Copyright. London, Aug. 2. Sterling in terms of the dollar has declined two points-- to 4.43. LONDON TALLOW PRICES. By Telegraph—Press Assn.—Copyright. London, Aug,- 2. At the tallow sales 769 casks were offered and 234 were sold. Mutton, fine, made 24s 9d, medium 20s. 6d; beef, fine 235, medium 20s. PRICE OF GOLD IN LONDON. London, Aug. 2. Gold is quoted at £6 4s 3d an ounce, compared with £6 4s yesterday.