COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18498, 20 February 1930, Page 7

COMMERCIAL.

ADDINGTON STOCK MARKET. BIG YARDING OF STORE LAMBS. CHRISTCHURCH. February 19. There were heavy entries of store lambs at to-day’s Addington market, but in most of the other sections they were normal to lighter.

Store Lambs:—A heavy entry, drawn from all parts, except South Otago and Southland, met with a good sale for better sorts, but backward lambs were inclined to be easier. Values were:—Best rape lambs to 22/7, good 20 - to 21/6, medium 17/6 to l r 3; backward wether lambs 13/- to 16/-; best m.s. lambs to 21-'6, good 17/- to 20/6, ordinary lambs 11/- to 15/-; good crossbred ewe lambs to 19/5. Adult store sheep comprised for the most part ewes. These sold well for better ewes, but the sale generally was dragging. Extra good two-tooth Romney and Romney cross ewes made 33/1 to 34/1, good 4, 6 and 8-tooth Romney ewes 26/6 to 27/3, medium 6 and 8-tooth Romney ewes 24/- to 26/-, sound-mouthed Romney ewes 19/- to 22/-; ordinary 2-toothed halfbred ewes 23/- to 24/6. sound-mouthed halfbred ewes to 18/6, s. and f.m. halfbred ewes 14/6 to 18/-, ordinary 4-tooth crossbred ewes to 26/-, s.m. crossbred ewes to 19/-, s. and f.m. crossbred ewes to IS/-, aged crossbred ewes to 9/8;

nedium two-tooth halfbred wethers to 22/-, ordinary two-tooth halfbred wethers to 19/-; low-conditioned halfbred wethers to 12/6; four and sixtooth Romney wethers 22/4 to 23/6. The fat lamb entry totalled 2700 head, which sold at slightly easier rates, averaging from B}d to 83d per lb. Best lambs made from 27/- to 30/-, others 23/- to 26/-.

Fat Sheep:—A very small entry of seven races was offered, mostly of ewes. Heavy and light ewes eased by a full shilling per head, but wethers maintained recent values. Extra prime wethers brought up to 33/7, prime 29/6 to 32/-, medium 26/- to 29/-, light 22/to 25/6; extra prime ewes to 27/-, prime 21/6 to 24/-, medium 18/6 to 21/-, light and aged 14/- to 18/-. An entry of 420 fat cattle comprised mainly light steers and unfinished cows. Best steers practically maintained values, but other sorts were down by 15/- a head. Best beef made 41 - to 44/- per 1001 b; heavy and medium quality 38/- to 40/-; inferior 35/- to 37/-. Extra heavy prime steers fetched up to £2l/17/6, heavy prime £l7 to £2O, ‘medium weight prime £ls to £l7/10/-; extra prime heifers to £l6/12/6, prime £l2/5/- to £l4, ordinary £9/10/- to £l2; extra prime cows to £ls/12/6, prime £ll/15/- to £l3/5/-, medium £B/15/- to £ll/5/-. Dairy Cattle.—Demand was keen for all sorts. Good second and third calvers fetched £l3 to . £ls/5/-, medium £9/10/- to £l2/15/-; best heifers to £ls, good £l2 to £l3/10/-, medium £lO to £ll. Store Cattle.—A good station line of 46 to 3-year-old Hereford cross steers sold at from £lO/10/- to £l2/7/6. Vealers met a keen sale, best runners making from £5 to £6, top price being £6/13/6. Fat Pigs:—There was a slight easing in the price of porkers. Choppers made £3/10/- to £7 '3/6, and porkers 48 - to £3/10/- (average per lb 9id to 103 d); baconers £3/15/- to £6/6/6 (average 7*d to Bid). Store Pigs:—There was a slightly improved sale, large stores bringing 48/- to 56/-, medium 38/- to 45/- and small 30/- to 35/-; slins 25/- to 28/-; best weaners 20/- to 27/-, others 15/to 18/6.

BURNSIDE SALE. SHEEP PRICES LOWER By Telegraph—Press Association. DUNEDIN, February 19. Fat cattle were dearer at Burnside sales to-day, but fat sheep met with quiet demand and reduced prices, and fat lambs had difficulty in maintaining late rates. There were only 132 head of fat cattle yarded, the quality being only medium. Competition for all sorts was good, and all primes advanced in price by from 15/- to 20/- per head. Light and unfinished stuff, however, was # worth only about 10/- per head more *than last week. Best heavy bullocks made up to £2O/2/6, mediums to £l9/15/-, light to £l6/15/-; prime cows to £ls/15/-, medium to £l4/10/-, and light to £ll. Best heifers made up to £ls/12/6.

There was only a medium entry of store cattle. There was poor inquiry for butchers’ lines, and only boning sorts remained firm at late rates. There were 2800 head of fat sheep forward, and although the quality was good the supply was considerably in excess of requirements, with the result that values fell by from 3/- to 4/- below late rates for heavy sorts, and by 1/- to 1/G for mediums. Country buyers we. - not operating, and the fact that some local butchers had filled requirements from other sources brought about the decline: Best heavy wethers made to 31/6, a few extra heavies reaching 35/-; mediums were worth up to 27/6, and light to 24/6; prime heavy ewes to 27/-, medium to 25/-, and light to 18/6. There was only a small entry of fat lambs, but the quality of the stock attracted fair competition, with the result that good sorts were firm at late rates. Medium and light sorts were disposed of almost at store values. Fat pigs met with a good sale and firm prices, but a larger .entry of stores than is usual caused a slight easing in that section.

SOUTH CANTERBURY GRAIN AND PRODUCE MARKET. BUSINESS SPASMODIC. The grain and produce market in j South Canterbury is, very patchy. Buy- j ers are dealing only in small quan- i titles, and seem disinclined to risk ' handling the amount of produce and grain that they customarily do. The majority of the samples of wheat that are coming to hand are not in good condition, but it is hoped that there will be a better grade later on. Generally speaking, the wheat is thick in the skin. Quite a number of parcels from North Canterbury are going south, and also coming to Timaru mills, as the millers show preference for wheat grown on light land| A few lines of milling wheat have changed hands, at 5/9 to farmers for Tuscan, and 6/- for Hunters. There was no inquiry for velvet at present. The fowl wheat market has been dropping from day to day “prompt” now bringing 5/10 f.o.b. Several forward sales of fowl wheat have been made at 5/9 for March-June. A few sales of rye-grass have been effected to the North Island, from 7/to 7/2, but merchants up there appear to be living a hand-to-mouth existence, as the orders received in South Canterbury have been extremely small. Several good lines of Italian and Wes-

tern Wolths have changed hands at 3/- to 6/3 f.o.b. There has been a good inquiry for Dun oats, from the North Island, sales being made at 5/- to 5/2 f.o.b. s.i. Algerian local prices at present are too high to interest North Island merchants, who are looking more to Australian growers to supply their markets. Sales have been made in Australia at 4/1 to 4/2 f.o.b. s.i., local prices being 3/2 to 3/8 on trucks. A few “prompt” lines of Gartons have been sold at 3/9 to 3/11 according to quality, and forward sales on the basis of A’s 4/oi, and B’s 3/8, f.o.b. si.i. Chaff is quoted at the same as last week, very little inquiry being made, except for a good bright quality at £5/10/- on trucks.

CHRISTCHUr CH STOCK EXCHANGE. RULING QUOTATIONS. (Special to the “Herald.”)' CHRISTCHURCH. February 19. Quotations on the Stock Exchange this afternoon were:— TO-DAY’S QUOTATIONS.

THE DAY’S BUSINESS. Sales on ’Change.—Booth Macdonald, 6i per cent, 1932, £7O; Goldsbrough Mort, 31/9 (2); British Tobacco, 4z/-; Colonial Sugar, £43/17/6, (3); Electro Zinc (ord. cum. div.), 30/5 (2); Mt. Lyell, 34/1, (2); New Zealand Farmers’ Co-op., 5i per cent Stock, 1945, £B6.

Sales Reported.—New Zealand Government, 5 h per cent, inscribed, 1933, £99/5/-; Commercial Bank of Australia, 22/11; Commercial Bank of Australia (new fully paid), 22/2; Australian Bank of Commerce, 25/-; Dalgety and Co., £l2; Electro Zinc (ord., cum. div.), 30/5.

STOCK EXCHANGE. By Telegraph—Prea* Aaaoclatlon. AUCKLAND, February 19. Sales reported.—lnscribed Stock (1927-41) 5i per cent., £96/15/-; Australian Bank of Commerce, 25/-; Bank of Australasia, £l2; Commercial Bank of Australia, 23/1 i, 22/10; Bank of New Zealand, 58/-; Northern Steamship, 14/-; Colonial Sugar, £43/17/6 (2); Farmers’ Trading Co., 8/7; Kempthorne, Prosser’s Drug, 72/6; Whittome, Stevenson and Co., 41/6; Ohinemuri, 2/3; Waihi, 13/8. WELLINGTON, February 19. Sale reported.—National Bank of New Zealand, £6/1/-. DUNEDIN. February 19. Sales reported.—Bank of Australasia £ll/17/6; New Zealand Breweries, 74/-.

FAIRLIE SALE. The fortnightly sale was held at Fairlie yards on Tuesday. There was a small yarding of about five hundred sheep, the great majority of them fats, among which there was a decided preponderance of wethers. A nice line of fat and forward Opihi riverbed mixed sex lambs realised a good price. The attendance was moderate, but bidding was keen. The following were the prices obtained:— Fats.—Ewes 21 at 20/-, 17 at 17/-, 4 at 20/6, 2 at 18/-, 13 at 14/-. Wethers 15 at 23/-, 9 at 25/-, 1 at 26/3, 7 at 24/-, 32 at 25/6, 23 at 27/-, 38 at 25/6, 16 at 24/6, 27 at 24/1, 25 at 24/3, 21 at 24/10, 12 at 26/-, 25 at 24/1. Lambs — 7 at 21/3. Stores.—Rams, 1 at 16/-, 2 at 8/-. Lambs 113 f. and f., m.s. at 20/1.

Buyers. Sellers £ s. d. £ s. d. N.Z. Govt. Debentures— 4J p.c. Inscr., 1938 — 99 0 0 4i p.c. Inscr., 1939 98 0 0 99 0 0 44 p.c. Bonds, 1938 98 0 0 99 0 0 44 p.c. Bonds, 1939 — 99 0 0 44 p.c. Bonds, 1949 98 0 0 99 0 0 54 d.c. Inscr., 1933 99 2 6 99 7 6 54 p.c. Bonds, 1933 99 5 0 99 10 0 5 h p.c. Inscr., 1936 99 0 0 — 54 p.c. Bonds, 1936 99 0 0 — Other DebenturesPalmerston North 52 p.c., 1949 . . — 97 10 0 Ch’ch City, 53 p.c., 1955 101 0 0 101 10 0 Glaxo, 64 p.c., 1945 90 0 0 — Booth Macdonald, 64 p.c., 1932 70 0 0 75 0 0 Ashburton Electric 53 p.c., 1934 .. 101 0 0 — Banks— Aust. of Commerce 1 4 11 1 5 3 Australasia . . . . 11 12 6 — Commerce of Aust. 1 2 4 1 2 6 D6. (pref.) .. .. 66 18 0 Do. (“rights”) 0 2 0 0 2 3 Comm, of Sydney 21 10 0 21 17 6 E.S.. and A 6 10 0 6 13 0 National of A/asia (£10 paid) 15 6 6 15 9 6 Do. (£5 paid) .. .. 7 10 6 7 11 6 New South Wales (cum div) .. .. 40 7 6 41 0 0 New Zealand .. .. 2 17 3 2 17 10 Union of Aust. .. 11 19 0 12 2 6 National of N.Z. 5 19 6 6 1 0 Comm, of Aust. (new fully paid) — 1 2 2 Insurance— Mercantile Mutual — 1 5 0 South British .. .. 2 19 0 3 1 0 Standard (cum div) 3 1 0 Loan and Agencj National Mortgage (cum div) .. . . 3 16 0 Dalgety and Co. . . 11 18 0 11 19 6 N.Z. Guarantee Corporation .. . 1 1C 0 8 2 United Building Society 0 14 11 0 15 3 Elder Smith .. . „ — 7 15 0 Shipping— P. and O. Deferred Stock 2 8 2 2 12 6 Huddart Parker (cum div) .. .. — 1 9 6 Frozen Meat— Canterbury (ord) — 7 0 0 Do. (pref) — 4 12 6 Gear — 1 19 0 N.Z. Refrigerating (£1 paid) .. . . 0 11 6 0 13 9 Do. (10/- paid) .. 0 5 10 0 6 0 North Canterbury Freezing .. .. — 0 3 0 Woollens— Kaiapoi (17/- pd) 0 10 0 0 13 9 Do. (7/- paid) .. .. 3 6 0 3 8 Coal— Westport 1 9 9 1 11 0 Stockton (ord) 0 0 9 0 2 6 Gas Auckland — 1 3 9 Christchurch .. .. 1 5 8 1 6 1 Do. (10/- paid) .. 0 12 5 0 12 8 Timaru 1 4 0 1 4 9 Breweries— Carlton 1 18 11 1 19 9 New Zealand .. .. 4 3 7 4 3 11 Staples 2 8 0 2 8 6 Timaru 0 15 0 0 16 0 Do. (5/- paid) 0 7 1 0 8 0 Tooheys — 1 4 9 Tooths 1 193 2 0 0 White Star .. .. 0 14 5 1 2 0 Miscellaneous— Australian Distillery — 1 0 0 Australian Glass — 2 3 0 Beath and Co. .. 1 9 9 1 12 6 Do. (1/- paid) 0 6 8 0 7 2 British Tobacco . 2 1 11 2 2 1 Burns Philp .. .. 1 15 2 1 17 1 Colonial Sugar 43 16 6 43 18 6 D.I.C. (10/- paid) 1 0 3 1 0 11 Dunlop Perdriau Rubber 1 0 0 1 1 0 Electro Zinc (ord cum div) .. . . 1 10 0 1 10 7 Do. (pref cum div) 1 10 6 1 10 10 Glenmore Brick & Tile 1 5 0 1 8 6 Greater Cr;> utal Palace 1 1 0 — Hayward's P i ctures 1 0 0 Holden’s Motors (cum div) .. .. 0 12 6 0 18 0 Howard Smith 0 17 9 0 19 6 Hume Pipe (Aust.) — 0 17 0 Kauri Timber .... — 0 16 0 Mason, Stjruthers (£1 paid) . . .. 0 11 7 0 14 9 Mt. Lyell 1 12 1 1 14 4 New Colosseum .. 2 0 0 2 5 0 N.Z. Drug Co 3 11 6 3 13 0 N.Z. F a r m e r s’ Co-op (1st prof) — 4 2 6 Do. (A pref) .. .. 2 6 0 2 14 C Do. (64 per cent Stock, 1940) 86 0 0 — Do. (64 per cent 1945) 85 0 0 87 0 0 N.Z. F a r m e r s’ Fortiliser .. .. 1 0 3 1 1 3 N.Z. Paper Mills .. — 1 0 0 N.Z. Sugar of Milk (pref) — 0 17 6 Quill, Morris .. .. 0 13 6 0 14 6 Victoria Nyanza Sugar (cum div) — 2 1 9 Wilson s Cement .. 1 18 0 1 19 6 Mining— Manaaipawa .. .. 0 0 14 0 0 24 .ilioney Creek (6d paid) 0 0 6 0 0 9 Waihi Grand Junetion o 0 10 — Winding Creek (Is naid) 0 0 6 0 1 0 Do. (6d paid) .. .. 0 6 0 0 9