FINANCE AND COMMERCE

Taranaki Daily News, 1 September 1933, Page 12

FINANCE AND COMMERCE

ADDINGTON MARKET SALE STORE SHEEP VALUES INCREASE. KEEN DEMAND EXPERIENCED. Christchurch, Aug. 30. The sharp rise in wool values early in the week was reflected in the store sheep prices at Addington to-day, which increased 2s 6d to 3s 6d a head on late rates The auction of fat sheep was keen, ewes passing 30s as the result of an advance of 2s 6d a head in all classes. Wethers also sold above late rates. There was a very dull beef market. Store sheep met with a very keen sale, only a small yarding coming forward, and values advanced 2s 6d to 3s 6d a head on an average, though in cases the advance was 5s a head. Values: Good sound-mouth ewes, 16s to 17s 9d; ordinary, 13s 6d to 15s 9d; sound and failingmouth, Ils to 13s; aged and inferior, 7s to 9s; ewes and lambs (all counted), 6s to 8s 6d; good three-quarter-bred ewe hoggets, to 20s; ordinary, 14s to 16s 6d; medium halfbred ewes, to 17s 4d; good wethers, 15s 3d to 15s 9d; ordinary, to 12s 6d.

In the spring lambs entry of 29 head, the top price was 32s 4d. Fat sheep: An entry of 3400, consignments from southern provinces being smaller than for some weeks, met a keen sale, especially for ewes. Values: Extra prime heavy wethers, to 33s 7d; prime, 28s 6d to 31s; medium-weight, 25s 6d to 28s; ordinary, 22s to 255; light, 18s to 21s 6d; extra prime heavy ewes, to 30s 4d; prime, 25s to 27s 6d; mediumweight, 22s to 24s 6d; ordinary, 19s to 21s 6d; light, 14s 6d to 18s 6d. Fat cattle: An entry of 460 head, including approximately 100 from the North Island, also southern consignments, met a slack sale, with a general decline on late rates of 10s to 15s a head, with heavy passings. Best beef made 23s to 25s per 1001 b; good, 19s to 225; heavy-weight, 16s to 20s; good heifer, to 20s; medium quality, 12s to 15s; rough, down to Us. Values: Extra prime heavy steers, to £l2 7s 6d; prime, £8 5s to £lO ss; prime, £7 5s to £9; ordinary, £4 15s to £7; light, to £4 10s; extra prime heifers, to £9 12s 6d; prime, £5 10s to £7 10s; medium, £3 10s to £5 ss; light, to £3 10s; extra prime cows, to £9 12s 6d; prime, £4 5s to £6 ss; medium, £2 15s to £4; light, to £2 15s. Fat pigs: A medium entry, with the demand fair, only export buyers operating. Values: Choppers, 30s to £3 16s; baconers, 36s to 44s 6d; heavy, 47s 6d to 53s 6d; extra heavy, to 60s 6d (average price a lb, 4d to 41d); porkers, 20s to 24s 6d; heavy, 27s 6d to 30s 6d; extra heavy, to 33s 6d (average price a lb, 4d to 4ld). SALE AT JOHNSONVILLE. CATTLE SHOW NO ALTERATION. Wellington, Aug. 30. Prices of cattle at the Johnsonville sale to-day showed no alteration on last week’s rates, and taking into account the quality of the stock, sheep were slightly easier. Vealers met a keen demand. Wright, Stephenson and Co., Ltd., and Abraham and Williams Ltd. report prices as follow:— Cattle: Prime extra heavy bullocks, £lO, £9 17s, £9 15s, £9 10s. Prime heavy bullocks, £B, £7 15s, £7 12s, £7 10s, £7 ss. Medium bullocks, £6 15s, £6 10s. Prime heavy cows and heifers, £5 15s, £5 10s, £5 ss, £5, £4 15s. Medium cow? and heifers, £4 ss, £4, £3 10s. Runners, £3, £2 17s, £2 7s, £1 19s, £1 17s. Sheep: Prime extra heavy wethers, 26s 3d, 265. Prime heavy wethers, 23s 6d, 23s 3d, 22s 9d. Light wethers, 17s 3d. Prime extra heavy ewes, 22s 3d, 225. Prime heavy ewes, 20s 7d, 20s 4d, 20s, 19s lOd. Light ewes, 17s 9d, 16s 6d, 16s 7d. Heavy hoggets, 20s 6d, 19s 6d, 18s 6d, 17s. Light hoggets, 14s 3d, 14s.

RISE AT END OF SALE FAT CATTLE AT BURNSIDE. SHEEP GENERALLY FIRM. Dimedin, Aug. 30. For to-day's sale at Burnside 220 head of fat cattle were yarded, the quality being below average. At the opening of the sale values were equivalent to last week’s rates, but a rise of 10s to 15s per head was recorded toward the end of the sale. Extra prime heavy bullocks sold to £l2 10s 6d; prime heavy, £9 to £lO 10s; medium, £7 10s to £8 10s; light and unfinished, £6 to £7. Extra prime heifers made to £9 17s 6d; prime heavy, £7 to £8; medium, £5 10s to £6 10s; prime heavy cows, to £7 17s 6d; medium, £4 12s 6d to £5 7s 6d; light, £3 to £4. In the sheep section 2130 were penned, the bulk of the entry comprising medium ewes, with a few trucks of extra good quality. Medium wethers were forward in large numbers and, owing to outside competition, prices for this class remained firm throughout, and, despite the smaller percentage of heavy wethers, prices for these declined Is per head, while values for heavy ewes receded to 2s per head. Lighter ewes were Ann, but a larger entry of hoggets met with an easier demand, prices showing a decline of Is 6d to 2s per head. Extra prime heavy wethers sold to 30s 9d; prime heavy, 25s 6d to 27s 6d; prini e medium 21s 6d to 23s 6d; light, 19s to 20s; extra prime heavy ewes, to 27s 6d; prime heavy ewes, to 27s 6d; prime heavy, 21s to 23s 6d; medium, 18s to 20s; light, 14s to 17s; prime hoggets 18s 3d; medium, 13s to 15s. The largest yarding for some tune was seen in the store cattle section. Competition was keen throughout and £ 16s was obtained for a line of well-bred Shorthorn cross steers. There was only a small supply of vealers of indifferent quality,'with no alteration in values. Cull cows sold firm at late rates. There was another large yarding of very ordinary quality in the dairy section. A small percentage of heifers met with a slightly improved demand, realising up to £4 15s per head, and young cows close to profit met a fair demand but there was no improvement in the sale of old cows and late calvers. An entry of 120 fat pigs was forward, principally porkers. -Baconers made to £2 14s; porkers also depreciating m value by about 5s per head, realising 24s to 36s per head, according to quality. WESTFIELD SALE REPORT. PRICES NOT IMPROVED. . Auckland, Aug. 30. In spite of the smaller yarding of beef at the Westfield sale there was no improvement in prices. A steady demand was maintained throughout, but it was evident that buyers were not keen and their requirements were small. Extra choice ox sold to 18s a 1001 b; choice and prime ox, 14s to 17s; secondary and plain, 12s to 13s; prime young cow and heifer beef, 15s to 17s; ordinary cow, 10s to 13s. Extra heavy prime steers 1 made £7 17s 6d to £8 ss; heavy prime, £7 to £7 15s; lighter prime, £6 to £6 17s 6d; light prime, £5 to £5 17s 6d; small and unfinished, £3 17s 6d to £4 10s; extra heavy prime young cows and heifers, £4 15s to £5 ss; heavy prime, £4 to £4 12s 6d; lighter prime £3 5s to £3 15s; other killable cows, £2 to £3. A large yarding of sheep sold at values slightly firmer than last week. Prime wethers made 18s to 30s; unfinished, i3s to 17s 6d; prime ewes, 14s to 30s 9d; unfinished, 4s to 12s 6d; prime hoggets, 13s to 24s 6d; unfinished hoggets, 9s to 12« 9d. spring lembs were available, fetching from 11s to 295. There was a large offering of calves, causing an easing in values. Runners made 40s to 88s; vealers, 25s to 84s. An average yarding of pigs was disposed of at values firm on late quotations. Baconers made 36s to 675; porkers, 22s to 38s. Store pigs were firm, large stores selling from 17s to 235.

SALE AT STORTFORD LODGE. LITTLE CHANGE FROM LAST WEEK. Hastings Aug. 30. Realising rates showing little change from last week, with a slight improvement in the few quality lines entered, the sale of fat cattle at Stortford Lodge to-day was conspicuous for the large “ percentage of light and poorly-finished lines. A total of 216 head of fat cattle were yarded, this being a smaller yard- . ing than last week. The store cattle entry was strong, some 460 head being _ offered. Bullocks sold to £6; cows, med‘,s ium to prime, £3 18s to £4 15s; others, ° from £2 15s; heifers, medium to prime, £4 7s 6d to £4 19s; others, from £2' 10s. e A total of 1200 fat sheep were yarded, making values which showed an im- ’’ provement on last week’s rates. Ewes, ’’ medium to prime, 17s 9d to 21s; others, from 12s; wethers, medium to prime, 18s 11 6d to 22s 9d; others, 15s; hoggets, to 16s. n Store sheep numbering 2000 also met . an improved demand, wether lines selling well. Values moved in sympathy e with the fat sheep market. Wethers, Ils " to 16s; empty ewes, 7s to Ils; hoggets, e 10s 7d to 16s; ewes, with lambs, to 14s lid. 1, _________ o ?’ SALE OF OPOSSUM SKINS, h ' SATISFACTORY PRICES RECEIVED, a Messrs. Dalgety and Co., Ltd., report ® that the second opossum skin sale of ’» the season was held at Dunedin on Frie day. The total offering distributed 5 amongst the eight selling brokers was 0 approximately 37,000 skins, which was ' s the largest offering ever submitted at a Dominion sale. Of this the firm’s cata3 logue comprised 24,300 skins, a record " catalogue for New Zealand sales of opos5 sum skins. The skins were drawn from all parts of the Dominion in which the y opossum, is to be found, and with such a wonderful variety the firm was able ’• to offer very attractive lines, well graded e for colour, size, and density of fur. Generally speaking, the quality of the skins was good, and with very few exa ceptions the stretching and general getP up by trappers could not have been ime proved upon. Owing to the very small e offering' of 4000 skins in. July, prices were, d much higher than appeared to be warranted by London and Continental adI, vices, and with, the large offering at the o sale the firm fully expected prices would n show a fairly substantial drop. Howls ever, there was an excellent demand, with prices on an average very little lower than at the first sale. Actually, the firm had officially quoted prices 6d. to is. per skin lower for good to super sorts, with secondary grades unchanged. The orders in the market were chiefly for greys and blues, of which the firm had a good selection, and the North Island lots of these colours sold extremely well, in most cases higher than July rates, which was in marked contrast to the disappointing results obtained, by f trappers at the Wellington sale last week. - The firm again topped the market for d trappers’ skins, with blues at 14s. 2d. s each and blacks 13s. 6d. Some of the d firm’s best sales were: Blacks, 21 at 135., a 111 at Us., 164 at 10s. Id., 828 at 10s., 395 e at 9s. 10d., 32 at 9s. 9d., 20 at 9s. 3d., v 369 at Bs. 3d., 934 at Bs.; blues, 38 at 14s. v 2d., 62 at 135., 127 at Us. Ud., 17 at Us. y 7d., 640 at Us. Id., 195 at 9s. 10d., 100 e at 9s. 6d., 152 at 9s. 4d., 61 at Bs. Bd.; y greys, 595 at 9s. 6d., 163 at 9s. 5d., 157 at 6 Bs. 6d., and 627 at Bs. Averages obtains ed in the firm’s catalogue for represen4 tative consignments from various disj tricts were: Catlins and Wyndham, 6s. 4 6d. to 10s. 7d.; Southland, ss. 4d. to Bs.; 3 South Canterbury, ss. 3d. to 75.; North Canterbury, ss. 6d. to Bs.; West Coast, s 6s. to 95.; Nelson, 6s. to Bs.; Wellington, . 6s. to Bs.; Wanganui, ss. t 0.75.; Auckland, ss. to 7s. 6d; Rotorua, ss. 6d. to 6s. 6d.; ’ Taranaki, ss. 3d. to 6s. 6d.; Gisborne, ss. ’ sd. to 65.; Wairoa, 6s. 3d. to 7s. 6d. The j following was the range of prices at the firm’s sale for grades, from seconds up: South Island (including heavy N.l.’s.): , Blacks, ss. 6d. to 135.; browns, 3s. 7d. to _’ 6s. 6d.; blues, 7s. to 14s. 2d.; greys, ss. lOd. to 10s.; reds, 3s. sd. to 75.; slates, 3s. 7d. to 6s. 7d.; small blacks, Is. 6d. to 4s. Id.; small blues and greys, 2s. Id. to 4s. lid.; inferior and damaged, Is. 9d, to ' 3s. 6d. North Island (light skins): Blacks, ’ 4s. 7d. to 11s. 6d.; browns, 3s. 7d. to 6s. 6d.; blues, ss. 3d. to 125.; greys, 4s. 6d. to 95.; reds, 2s. lOd. to ss. 9d. The firm’s next sale will be held on September 22, when there is every likelihood of a good demand again on the basis of current values. SHAREMARKET TRANSACTIONS. NEW ZEALAND EXCHANGES. The Press Association reports the following sales on Dominion Stock Exchanges yesterday:— Wellington: Golden Point, 2Jd.; King Solomon, 2s. 6d.; 4 per cent, stock, 1955, £lOO ss. Reported sale: ‘Bank of New Zealand, 48s. 3d. Dunedin: Southland. Frozen Meat (cont.), 255. 9d.; Gillespie’s, 2s. 2|d. (two parcels); Waitahu, 7s. 4d.; Freshford, 3d. (two parcels); Lawson’s Flat, lid. Reported sales: Southland Frozen Meat (paid), 51s. (two parcels); ditto (cont.), 255. 9d.; two parcels); Electrolytic Zinc (ord.), 235. IJd.; Lawson’s Flat, lid. (late • yesterday); Waitahu, 7s. 4d. (after call). Unlisted: Moonlight Nelson Creek, Id. Auckland: New Zealand Government, ( 4 per cent, stock, 1940, £101; 1949, £lOl . 2s. 6d.; 1955, £lOO 55.; Commercial Bank . of Australia, 15s. lid.; Bank of New . Zealand, 48s. 6d.; Union Bank, £9 55.; Goldsbrough, Mort, 28s. 6d.; Auckland Gas, 235. 3d. (two parcels); Kauri Timber, 12s. 6d.; Kaiapoi Woollen, 7s. 10d.; ] Colonial Sugar, £5B (two parcels); Wil- . son’s Cement, 345. 6d.; Mataki, 2s. (three parcels); Okarito, 11s. 9d.; Waihi, 265. 3d.; 1 Waihi Junction, 4s. Id. (two parcels), 45., 4s- Id., 4s. lid.; Mount Lyell, 21s. 9d. ( Christchurch: Sales on exchange: New • Zealand Government, 4 per cent, mscrib- j ed., 1949, £lOl 7s. 6d.; Commercial Bank j of Australia, 165., 16s. Id.; Commercial ] Bank of Sydney, £l7 9s. (two parcels); National Bank of Australasia (£lO paid), j £l2 19s. (three parcels); Bank of New t Zealand, 48s. 4d.; Bank of New Zealand , “D” mort. shares, 335.; Union Bank of t Australia, £9 ss. 6d., £9 ss. (two par- { cels); Goldsbrough, Mort, 28s. 6d.; New Zealand Refrigerating (10s. paid), Bs. 4d., Bs. sd. (two parcels), Bs. 6d. (two par- < cels); Kaiapoi Woollens (17s. paid), ss. a (two parcels); New Zealand Breweries, 1 38s. 7d., 38s. 6d., 38s. 2d.; Staples’ Brewery, 265. Bd. (five parcels); British To- £ bacco, 345. 7d.; Electrolytic Zinc (ord.), < 235.; Electrolytic Zinc (pref, cum div.), r 335. 4d.; Mount Lyell, 21s. lOd. (two par- r cels); Alexander Mines (fully paid), 235. s (three parcels); Bell Hooper (9d. paid), 10d.; Bell Kilgour, Is. 6d.; Freshford, 7|d.; j Golden Dawn, 2s. 9d. (two parcels); x Golden Point, 2Ad. (two parcels); Mahaki- j pawa, 2d.; Nokomai, 3s. 3d„ 3s. 2d. (three j parcels);'Okarito (cum div.), Us. 9d. (four parcels), Us. 81d.; Waihi, 265.; a Waitahu (ss. paid), 7s. 4d. (two parcels), j 7s. 41d., 7s. sd. (five parcels). Sales reported: Bank of Australasia, £ll 19s. 6d.; Commercial Bank of Australia, 16s. lid., Bank of New South Wales (ex div.), £32 12s 6d. (three parcels); Union Bank of f Australia, £9 55., £9 65.; Goldsbrough, v Mort, 28s. 9d., 295. 2d., 295.; National Mortgage, “A,’ 455.; New Zealand Brew- n eries (late sale Wednesday), 395.: New Zealand Breweries, 385.; Howard Smith, y 12s. 3d.; Mount Lyell, 21s. 10d.; Wilson’s q Cement, 345. 7<L — 4 SYDNEY STOCK EXCHANGE. £ By Telegraph—Press Assn. —Copyright. Rec. 8.45 p.m. Sydney, Aug. 31. The Stock Exchange showed a rather marked reaction to-day. Issues which g rose sharply simultaneously with the rise 'jj

in wool values turned downward. The market is inclined to pause to take stock of the situation. Sales to-day were: Bank of New South Wales, £32 7s. 6d.; Commercial Bank of Sydney, £l7 165.; Queensland National Bank, £5 55.; Colonial Sugar, £59 7s. od. £ Dalgety’s, £9 10s.; Mercantile Mutual Insurance, 18s.; Australian Provincial Assurance, 10s. lid.; Associated News, Bs. 7d.; ditto (pref.), 18s. 9d.; Australian Gas (A and B), £7 55.; Howard Smith, 125.; Goldsbrough, Mort, 295. lid.; Gordon and Gotch, 365. 6d.; Tooth’s Brewery, 395.; Toohey’s Brewery, 235. 6d.; Commonwealth Wool, 195.; Millaquin Sugar (ex div.), 275.; Victoria Nyanza, 145.; Australian Iron and Steel (pref.), 15s. 6d.; David Jones, 285.; John McGrath, 265. 9d.; Greater J. D. Williams, 6s. 9d.; Drug House of Australia, 205.; Anthony Hordern, 10s. Bd.; do. (pref.), 19s. lid.; Meggittss, 20s. 41d.; Winchcombe Carson, 28s. 6d.; Wilcox Mofflin, 9s. Bd.; Bulolo Gold, 945. 6d.; Bulolo Deposits, Is. 9d.; Mount Morgan, 445.; Broken Hill Proprietary, 375. 3d.; South Broken Hill, 61s. 6d.; North Broken Hill, 85s. Melbourne reports the following sales: Huddart Parker, 315.; National Bank (£lO paid), £l3 65.; Electrolytic Zinc (pref.), 335. 9d.; Goldsbrough, Mort, 295.; Dunlop Perdriau, 18s. 3d.; Herald-Times, 445. 6d.; Howard Smith, 12s. Id. BRITISH WAR LOAN. By Telegraph—Press Assn. —Copyright. Rec. 5.5 p.m. London, Aug. 30. The 3j per cent, war loan is £99 15s. to-day. » RATES ON FOREIGN EXCHANGES FLUCTUATIONS IN STERLING. (British Official Wireless.) Rec. 5.5 p.m. Rugby, Aug. 30. The following rates are current on foreign exchanges to-day, compared with those yesterday and par:—

PRICE OF GOLD IN LONDON. London, August 30. Gold is quoted at £6 Bs. Bid. an ounce, compared with £6 9s. yesterday. Silver is quoted at 18 l-Bd. an ounce spot and 18 3-16 d. forward. APPLE MARKET WEAK. London, August 30. Apples are weak: The Port Caroline and Jervis Bay shipments of Tasmanian Stunners sold at 2s. to 3s. a case. LONDON TALLOW SALES. London, August 30. At tallow sales 716 casks were offered and 314 were sold. Inferior 6d. lower and others are unchanged. FRUIT AND VEGETABLES. AVERAGE NEW PLYMOUTH PRICES. Following are the average retail prices at New Plymouth for fruit and vegetables during the past week:— Apples: Best cool-stored (Delicious, Sturmer), 4d. lb. Cooking, 51b. for Is. Oranges: Island, 4, 5 and 6 for Is.; Californian, 5 for Is.; marmalade, 8 for Is. Pears, 4d. lb.; bananas, 4d. lb.; tomatoes (Island), Is. lb.; plums (Californian), Is. 3d. lb.; onions, 71b. for Is.; potatoes, 281 b. for 25.; cabbages, 4d. and 6d. each; cauliflowers, 4d. to Is. each; carrots, leeks, etc., 2d. bunch; pumpkin, Id. IK

Aug. 30 Aug. 29 Par. New York, doL . 4.53f 4.54 4.866 Montreal, dot .. 4.761 4.774 • 4.866 Paris, fr 8113-32 817-16 12421 Brussels, bel. ... 22,82 22.844 35 Geneva, fr. .... 16.54 16.50 25.225 Amsterdam, ft . 7.93 7.92 12.107 Milan, lire .... 60 9-16 60f 92.46 Berlin, mk. .... 13.40 13.384 20.43 Stockholm, kr. . 19.374 19.374 18,159 Copenhagen, kr. 22.4 22.4 18.159 Oslo, kr. 19.90 19.90 18.159 Vienna, sch 30* 30* 34.585 Prague, kr. .... 107| 1074 164.25 Helsingfors, m. . 2264 226| 193.23 Madrid, pes 38 3-16 384 25.225 Lisbon, esc. .... 1054 105 110 Athens, dr. .... 565 i 565 375 Bucharest, lei .. 540 5374 813.6 Belgrade, din. .. 235 235 276.31 Rio de Jan., doL 4$* 44 5.899d Buenos Aires, d. 43| 43J 47.619d Montevideo, dol. 354* 51d Bombay, rupee 181-16 181-16 18d Shanghai, tael .. 154 15 —d Hongkong, do). 16J 16g —d Yokohama, yen 14J . 145-16 24.58d “Nominal.