COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18540, 10 April 1930, Page 13

COMMERCIAL.

ADDINGTON MARKET. A DISAPPOINTING SALE. By Telegraph—Press Association. CHRISTCHURCH, April 9. Heavy entries In all the major departments were the rule at t °"° ay market at Addington, and m the tat stock sections especially the efiec the prolonged spell of dry w ® at k® were very noticeable. The sale on whole was a very disappointing one vendors, and easings in value were recorded for fat lambs, fat sheep, store sheep, and fat cattle. Expoit buyers were not operating at all freely, owing to congestion at the works, and then limited buying in the fat sheep and lamb departments was in part lespon sible for the decline in values. Store Sheep.—A large yarding oi adult sheep met with a very dragging sale, which showed an easing tendency. Lines from Marlborough and the Chatham Islands were included in t.ip yarning Store lambs were penned m rery small numbers, and sold at late rates. Values were: Extra good ‘wo-tooth Romney ewes to 30/6, good to 27/6, n ® dium 22/- to 24/-, ordinary to 21/-, ordinary 4 and 6-tooth Romney ewes 20/6 to 23/6, four, six and eight-tooth Romney, ewes 18/- to 18/3, s.m. R - ney ewes 15/- to 16/6, im ' ewes 10/6 to 13/-; extra good 2-tooth halfbred ewes 26/- to 2 8 / -, ° rd ™ a y 20 - to 22/-; four, six and eight-tootn ewes 13/- to 17/-, s.m. halfbred ewes 14/6 to 16/6, f.m. ewes 9/- to 12/-, medium 2-tooth 3-bred ewes to 24/-, medium 4 and 6-tooth S-br®d ewes to 25/3; medium 4, 6 and 8-tooth halfbied wethers to 17/-, ordinary wethers to 12/6; 2-tooth halfbred wethers 12/- to 13/9, merino wethers to 6/3; rape lamb 13/- to 15/-, medium m.s. lambs 10, - to 12/9, backward wether lambs to 7/b. Eat Lambs.—The entry was 3450

compared with 2730 last week. The quality was fairly good. Export buyers were not operating at all freely and values all round were easier by 1/- and up to 2/- a head. The average price per lb was 63d to 7Jd per lb. Extra prime lambs made to 27/10, prime 22/6 to 25/-, medium 19/6 to 22/-. Pat Sheep—There was the largest entry for some weeks, and the sheep were of very good average quality. Due partly to the limited operations of the export buyers, values were easier J; ha " at last week's sale. Ewes declined by up to 2/- a head, and wethers by up to 1/6 a head. Values were; Extra, prime wethers 32/4, prime 25/6 to 27/6, medium 22/- to 24/6; extra prime ewes 21/4, prime 17/6 to 19/6, medium 14, - t0 Fat 'cattle,—The entry totalled 580 head, almost as big as at the treble market in December, and the largest this year. The quality was very mixed. The sale was an irregular one, and values were easier for all classes by 11 and up to £l/10/- a head. Best medium weight prime beef made from 37/- to 40/- per 1001 b, and in the ease of a few odd pens a little more; medium quality from 32/- to 35/-; heavy steer beef 32/6 to 36/6, good cow 29/- to 32/b. Extra heavy prime s.teers fetched up to £l9/17, 6, heavy prime £ls to £l7/10/-,

medium prime £l2 to £ls/10/-, oidinary £B/15/- to £ll/10/-; show heifers to; £ls/12/6, extra prime heifers to £l4 12/6, prime £lO to £l2/10/-, ordinary £7/10/- to £9/10/-; show cows to £l6 17/6, extra prime cows to £l4/12/6, prime £9 10/- to £l2, medium £7 to £9. Vealer - —Only a medium entry was offered, i -id all killable sorts sold at last week’s rates. Top price was £B/6/-. Good runners made £5/5/- to £6/5/-, medium £4 to £5, others 10/- to £3/10/-. Dairy Cattle.—An entry of 83 head was of quality average. Best price was £2O/10/- for a springing heifer, Jersey cross. Values were: Best second and third calvers to £ls/10/-, medium to good £9 to £l4; extra good heifers to £2O/10/-, good £ll to £l3, medium £9 to £lO/10/-. „ . Store cattle were yarded in fair numbers, and most of them showed the effects of the shortage of feed. Very few straight lines were offered. A pen of mixed sex two-year-olds of good colour made £5/8/6, and a pen of 18-months-old heifers brought £3/18/6 Good fresh cows made up to £6. Fat Pigs—Fat pigs again were in heavy supply, there being large entries of both porkers and baconers. The sale was a good one for both sorts, anc prices were firm at late rates. Choppers, which were in over supply, were slightly easier. Extra good choppers brought up to £7/18/6, others £2 tc £5/5/-; porkers 48/- to 52/-, heavj porkers 56/- to 63/- (average per lb 75c to 9d); baconers £3/10/- to £4/3/6 heavy baconers £4/5/- to £5/5/-, extn heavy to £5/14/6 (average 6d to 7d). Store Pigs.—-There was only a medium entry in the store pig section b- and it consisted largely of slips anc weaners. Large sorts were scarce, anc the few offered sold keenly. Prices fo: the rest of the entry were considerabl; easier. Values were: Large stores 42/ to 47/-, medium 35/- to 40/-, slips 20/ to 23/-; best weaners 12/- to 15/others 8/- to 10/6.

BURNSIDE SALE. HELD IN POURING RAIN. By Telegraph—Praw -Association. DUNEDIN, April 9. There was about the usual number of people present at the Burnside sale to-day, in spite of the incessant rain. Exporters were busy on light wethers and ewes, and secured fully half the yarding, while the majority of lambs were bought by butchers. The freezing works were running smoothly as usual. Fat Sheep.—ln a yarding of 3050 fat sheep, only about 200 prime wethers were penned, with some extra choice ewes. The majority of the yarding was made up of old and light ewes. A choice pen of wethers brought 33/6. Prices for wethers were equal to about 4id lb for choice, and 4d lb for plain sorts. Ewes sold at 23/4 to 31/4. A truck of extra heavy wethers made 33/6, and other extra heavies at 32/and 34/-. Other prices were:—Heavy wethers 30/6 to 31/-; medium wethers 27/6, 26/6; light wethers 24/3, 25/-; extra heavy ewes 23/-, 24/9, heavy ewes 19/-, 21/6. Fat Lambs.—The yarding was smaller and the quality was not so good as previously. Owing to the exporters’ limits being reduced, prices were back by about 1/6 to 2/- a head, working out at 7id to 8d per lb. Top price for four special lambs was 33/6. Ordinary butchers’ lambs went from 21/- to 24/-, and the biggest portion of the yarding was secured by the butchers. A very poor yarding of store cattle was made up chiefly of old cows, and a pen or two of medium bullocks. These latter sold at from £9 to £lO per head, while the cows brought at from £6 to £lO. Fat Cattle.—A yarding of 198 head consisted principally of bullocks of good quality. The sale opened at last week’s rates, but quickly advanced to about 15/- a head better. The top price realised early in the sale was £2O/17/6. Pigs.—There were 184 fats and 70 stores. The sale was a little easier than last week’s, and bacon pigs were equal to Bid lb, with porkers at 94d lb.

CHRISTCHURCH STOCK EXCHANGE. (Special to the “Herald.”) CHRISTCHURCH. April 9. The following were quotations on the Stock Exchange this afternoon: — Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debentures — 51 p.c. Inscr., 1933 99 0 0 55 p.c. Bonds, 1933 99 5 0 5 h p.c. Bonds, 1936 99 7 6 Other Debentures— N.C. Hospital

Sales on ’Change,—Australian Bank of Commerce, 25/-; United Building Society, 14/4; Wellington Frozen Meat, 8/6; Kaiapoi Woollen (7/- paid), 3/8; New Zealand Breweries, 50/6, 50/11; British Tobacco, 40/2, 40/3; Victoria Nyanza Sugar, 39/3. Sales reported.—Bank of Australasia, £l2 ss; New Zealand Breweries, 50/6 (2); British Tobacco, 40/3 (2).

THE SHARE MARKET. By Telegraph—Prea* Association. AUCKLAND, April 9. Sales on ’Change.—E.S. and A. Bank, £6/17/6; Union Bank, £l2/1/-; Taupiri Coal, 26/-; Union Steam, 20/6; New Zealand Breweries, 50/3, 50/6; Electrolytic Zinc (pref.), 27/10 (late sale April 8); Taranaki Oilfields, 1/6 (2); Alburnia, 4d; Waihi, 14/-. WELLINGTON, April 9. Sales reported.—Bank of New South Wales, £39/5/-, £39/2/6; Wellington Investment T. and A., 11/-; Wellington Meat Export (ord.), 8/9 (2); Huddart Parker (ord.), £l/18/-; New Zealand Breweries, £2/10/9; British Tobacco (Aust.), (ord.), £2, £2/0/3 (4). DUNEDIN, April 9. Sales reported.—Bank of New South Wales, £39; Kaiapoi Woollen (contr.), 3/9; Paddy’s Point, 4/-; 44 per cent, ’inscribed Stock (1939), £97/7/6. TEMUKA LIVE STOCK SALE. There was a good entry of fat lambs at the Temuka stock sale on Tuesday, but owing to the unsettled conditions at the works there were no buyers operating. Fat sheep were in fair supply, and these were quitted at prices on a par with those obtained at last sale. There was a big entry of fat cattle and extra prime quality advanced in price, but inferior quality dropped by about 10/- a head. A few odd lines of stores were penned, but there was practically no demand. There was a very large entry of pigs, and the price of weaners eased considerably, but larger sorts for topping off sold exceedingly well. The following are amongst the sales that were made; — Fat Ewes.—22 at 18/-, 22 at 13/-, 16

at 10/6, 14 at 15/-, 6 at 15/4, 26 at 14/-, 27 at 14/9, 5 at 15/4, 1 at 15/4, 13 at 14/9, 27 at 12/6, 16 fit 20/5, 28 at 16/2, 51 at 7/7. Fat Wethers.—7 at 26/-, 3 at 27/4, 72 at 23/6, 6 at 22/-, 50 at 27/-, 27 at 24/-, 1 at 24/-. Fat Lambs.—3 at 17/-, 3 at 23/6, 5 at 20/-, 5 at 25/-. Stores. —34 2-tooth ewes 21/3, 65 6 ( and 8-tooth wethers 19/-, 40 do. 19/-, 25 2-tooth wethers 15/-, 9 ewes at 6/-, 11 lambs 12/3, 9 do. 15/6. Rams.—B.L. rams—l at 64gns, 1 at £3/3/-, 1 at £4/4/-, 1 at 26/-, 1 at 24/-, 1 at £2/2/-, 1 e.l. ram at £7/7/-, 5 do. at 35gns, 2 do. at £4/4/-, 1 do. at 34 gns. Rams —1 at 10/-, 2 at 14/-, 1 at j ligns, 2 Southdowns at £2/2/-, 12 do. j at lijgns, 2 Ryeland at £l/1/-. Fat Cattle—Cows: Each £6/15/-, £7/2/6, £9/15/-, £B, £B. £B/5/-, £7/7/6, £B, £9/7/6, £lO/10/-. £lO/5/-, £9, £6/17/-, £4/15/-, £ll/12/6, £l2. £9/10/-, £B/12/6, £9/5/-, £9/2/6, £6/12/6. £6, £5/5/-. £6/12/6, £7/10/-, £B/7/6, £B, £9/5/-, £7/12/6, £B/2/6, £B/17/6. £lO/12/-. Heifers—2 at £lO/2/6, each £6/17/6, £ll/17/6, £7/17/6, £6/17/6, £B/15/-, £B/5/-, £9/5/-. Steers—2 at £ll/5/-, each £5/12/6, £6/17/6, £5/2/6, £9/7/6, 2 at £6/12/6. Stores—Calves—2 at 26/-, 3 at 18/-, 5 mixed cattle £4, 5 heifers £2/5/6. Dairy Cattle. —Cow due September £7, cow do. £3/7/6, cow in profit £4, do. £4/17/6, cow and calf £2/7/6, cow due June £3. Pigs.—Weaners from 8/- to 19/-, small stores to 35/-, larger sorts to 46/-. SOUTH CANTERBURY GRAIN AND PRODUCE MARKET. Chief interest in the South Canterbury grain and produce markets during the past week has centred in wheat. A good many stack-threshed lines are coming on to the market, and are meeting with a good sale at 5/10 on trucks for Tuscan, less Id commission to brokers. This season the only line millers seem to show any interest in has been Tuscan, and both Hunters and Velvet are worth little more. In some instances Hunters have been sold at 6/- on trucks, but in most cases millers are purchasing at 6/- delivered, less Id brokerage to merchants. Generally speaking the quality of the wheat is claimed to be not as good as that of last year. Over the last few weeks there has been good demand for fowl wheat, but very little has been offering. Most fowl wheat appears to be now In the Pool, and 5/10 is being paid.

For Dun oats there is not such a good inquiry as existed a few weeks back. Up to as much as 5/3, f.0.b.,5.i., was paid by the North Island at that time, but now that Dunedin oats have come on the market lines have been bought from there at 5/-, f.0.b.,5.i. At present Duns are nominally worth 4/6 on trucks. There is a shortage of Algerians, and only odd lines are offering. There has been a good inquiry for both A. and B. Gartons. Prompt A’s. have been sold at 3/94, f.0.b.,5.i., with May-Junes at 3/9. B’s. maintain their price at 3/8, f.0.b.,5.i. Although there is a good inquiry in forward business, very little is doing in prompt sales. The North Island prefers to buy undergrade oats at 3/7, f.0.b.,5.i. At present prices are 3/15 on trucks for B’s., and 3/3 for A’s., also on trucks. There Las been good yields of oats in Southland, and good heavy oats have been offering, weighing from 46 to 481bs per bushel. There has been a good demand for Cape barley, ryecorn and black barley. The inquiry for chaff has slackened off, no doubt because of the quantity now offering. Good bright oat sheaf chaff is worth £5 on trucks. Good quantities of potatoes are now

offering, and prices have gone back accordingly. Table potatoes are nominally worth £3/17/6 on trucks, equal to £4/12/6, f.0.b.,5.i. Seeds are not so much in demand as was the case last week, but prices have not changed to any extent. There has been more linseed offering than for several years, and this is no doubt attributable to the fact that the higher prices early in the year induced growers to sow more. The price is about £ls/10/- on trucks, although up to £l6 has been paid. Few lines of peas are offering, owing to an absence of inquiry. They are worth about 4/- on trucks.

Board, 5i p.c. 1932 99 5 Bay of Plenty Electric 53 p.c., 1963 100 Rotorua Borough, 6 p.c., 1961 .. . • 103 Christchurch City, 5* p.c., 1950 . . Christchurch City, 52 p.c., 1955 . . 100 0 0 100 Glaxo, 61 p.c., 1945 90 0 0 95 Pullers’ Pictures 6i p.c., 1949 . . — 99 Banks — Aust. of Commerce 1 4 10 1 Australasia .. • • 12 5 0 12 6 1 Do. (pref.) .. • • — 6 Natl, of A’asia (£10 paid) 15 0 0 15 4 Do. (£5 paid) 7 10 0 Natl, of New Zealand 6 2 6 — New South Wales 39 5 0 39 10 New Zealand icum 2 19 9 3 0 0 Union of Aust. 1118 6 12 0 0 Insurance — National . ... 0 14 6 — New Zealand .. .. 2 4 0 Loan and AgencyDalgety and Co. .. 11 4 6 11 15 Goldsbrough Mort. 1 11 4 1 National Mortgage 3 0 — N.Z. Guarantee Corporation 0 7 9 0 8 2 United Building So - ciety 0 14 3 0 14 7 Shipping — Huddart Parker (pref.) .... — 0 19 9 Frozen Meat — Canterbury (pref.) 3 17 6 4 5 0 N.Z. Refrigerating (10/- paid) 0 4 9 0 5 0 Wellington .. .. 0 8 6 0 10 0

Woollens — Kaiapoi (17 - pd) 0 10 0 0 11 9 Do. (7/- paid) .. 0 3 7 0 3 Do. (pref.) .. .. — 0 14 0 Coal— Grev Valley .. .. _ 1 7 0 Westport 1 11 1 1 11 G as— Christchurch .. .. 1 6 3 Do. (10/- paid) .. — 0 13 5 Timaru Breweries— Carlton 1 16 0 1 16 9 Fosters — 3 10 0 New Zealand .. .. 2 10 10 2 11 3 Moneiths 0 18 0 0 19 9 Staples 2 8 0 2 10 6 Timaru (5/- paid) 0 6 Ward 0 10 0 0 17 6 White Star .. .. 0 14 0 0 15 9 Miscellaneous — Amalgamated Wireless (contr.) .. 1 0 6 1 13 0 Australian Distillery . . . _ 1 1 0 Beath and Co. 1 5 0 1 8 0 Do. (1/- paid) 0 6 3 0 7 0 Booth, Macdonald (pref.) #3 0 _ British Tobacco .. 2 0 3 2 0 4 Dunlop Perdriau Rubber 0 17 1 0 17 8 Eclipse Petrol (£1 paid) 0 18 6 Do. (15/- paid) .. 0 6 0 0 11 0 Electro Zinc .. .. 1 6 3 1 7 3 Do. (pref.) .. .. 1 7 4 1 7 10 Holden’s Motors . — 0 15 0 Mt. Lyell 1 14 2 1 14 5 N.Z. Farmers’ Co-op (10/- paid) 0 1 3 Do. (B pref.) .. .. 2 0 0 2 10 0 N.Z. Farmers’ Fertiliser 0 18 11 North Canterbury Flour 0 11 0 Quill, Morris .. .. — 0 14 0 Victoria Nyanza Sugar 1 19 9 1 19 3 Mining— Mahakipawa . • • 0 0 1 Okarito 0 1 4 0 2 Stoney Creek (6d paid) (prem) 0 0 7* 0 0 10 a Winding Creek (1/paid) 0 0 6 0 1 3 Do. (6d paid) .. .. 0 0 4 0 0 • Cornish Point (1/J paid) 0 0 3 0 0 9 “ Do. (9d paid.) .. 0 0 3 0 0 8