COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18609, 3 July 1930, Page 13

COMMERCIAL.

THE METROPOLITAN STOCK SALES. ADDINGTON MARKET. By Telegraph—Pre*s AsHOciatton. CHRISTCHURCH, July 2. Shorter entries in the major sections were offered at the weekly metropolitan market at Addington today. T\ie second draft of steers from the North Island for this season was penned in the fat cattle section, in a line of 49 head from Wairarapa. Fat cattle values remained for the most part on a par with those of last week, although prime sorts sold on a slightly advanced basis of values. Store - sheep were penned in small numbers, the smallest entry of this winter, and the sale was a steady one . for both adult sheep and hoggets, with values about on a par with those ruling last week. The fat lamb entry was smaller than for some weeks, and the sale was a steady one at late rates. Fat sheep were not yarded in such large numbers as has been the case for the past month, and in consequence values were a little firmer than those ruling at last sale. There was i a very big increase in all veal values, consequent upon the shortest entry for j years, and best runners sold as high as £9/13/6. Store Sheep.—The smallest entry of this winter was yarded, and the quality was very mixed, with a predominance of old ewes. An uneventful sale, with values much on a par with late rates, was recorded for adult sheep and hoggets. The range of values was:—Best ewe hoggets 19/3 to 19/9, good to 16/9; small m.s. hoggets to 11/2, wether hoggets 7/3 to 8/9; best s.m. Romney cross ewes 21/- to 22/-, ordinary 6 and 8-tooth 3-bred ewes to 16/-, ordinary s.m. halfbred ewes to 15/6, backward 4, 6 and 8tooth halfbred ewes to 10/-; aged ewes to 5/6, six-tooth halfbred wethers to 16/6, aged Merino wethers to 4/-. Fat Lambs. —The entry totalled 1355, compared with 2797 last week. There was a steady sale, with the basis of values unchanged. Values were:— , Extra prime lamb.: to 32/4, prime 25/6 to 28/-, medium 22/- to 25/-; store lambs 1 i/6 to 17/-. Fat Sheep.—The entry was a good one, and values were a shade firmer all round. Values were:—Extra prime wethers to 33/1. prime 26/6 to 29/-, medium 22/- to 26/-; extra prime ewes to 26/1, prime 19/6 to 23/-, medium j 15/- to 18/6; aged ewes 9/- to 11/-. ; Fat Cattle.—44s head were yarded, including 49 head from the Wairarapa i district. The quality was mixed, and medium and secondary sorts showed no change in values. Best quality lines sold at rates a little above those ruling last week. Best handy-weight steer and heifer beef made from 38/6 to 41/- per 1001 b; best heavy-weight steer beef from 32/6 to 36/-, medium quality beef from 30/- to 34/-, good cow beef from 30/- to 33/-. Values j were:—Extra prime heavy steers to £23/2/6, prime heavy £ls to £lB, prime | medium-weight £ll/5/- to £l4/10/-, medium quality £B/5/- to £11; extra prime heifers to £l4/17/6, prime £9/10/- to £l2/5/-, medium £7/10/- to £9/5/-; extra prime cows to £ls/7/6, prime £9/5/- to £l2, medium £7 to £9. Vealers.—The shortest entry for years was offered, and in consequence prices soared to extreme levels. Top price for the sale was £9/13/6. Store Cattle.—There was a mixed entry of store cattle, with little outstanding in quality. There was a very weak inquiry, and one or two of the

best lines were passed. A pen of 26 to 3-year-old Hereford-Shorthorn cross steers was passed at £B/10-, and another pen of good fresh cows at £4/17/6. A line of yearlings of good colours made 45/-. Dairy Cattle.—The entry of dairy cattle totalled 71 head, and there was quite a good showing of quality for best sorts. The market w r as firm at late rates, but for others there was a very dragging inquiry. A Jersey heifer, scud on account of Mr L. Wilson (Avonhead Road), for £ls/10/-. Second and third calvers made £ll/10/- to £ls/10/-, medium sorts £B/10/- to £lO/10/-, inferior sorts £2/10/- to £7; best heifers to £ls/10/-, good heifers £lO/10/- to £l2, medium £8 to £9/15/-, others £5 to £7. Fat Pigs.—There was a medium yarding of porkers, and it met with a keen demand, at prices that were from 5/- to 10/- a head better than those ruling last week. Bacon was in short supply, and here again the inquiry was spirited at improved rates. Choppers sold well. Values were:—Choppers £3/10/- to £B/8/6, porkers 45/- to 55/-, heavy porkers to 68/6 (average 86d to 9£d lb); baconers £3/12/6 to £4/5/-, heavy baconers £4/8/6 to £5, extra heavy to £6 (average 7£d to 8d). Pigs.—A small entry in the store pig section met with keen competition. There was also a limited offering of weaners, which sold at advanced rates. Large stores made 30/- to 25/6, medium 26/- to 29/6, small 22/- to 25/-; weaners 16/6 to 22/-. BURNSILE SALE. By Telegraph—Press Association. DUNEDIN, July 2. A fair sale was experienced at Burnside to-day. Although fat sheep met with a decline in values, fat cattle remained practically unchanged, and lambs were firm at late rates. Pigs, being in short supply, made good prices. There was an entry of 1900 fat sheep of mixed quality, comprising a small proportion of big crossbred wethers, and a good supply of medium to good ewes. There was an irregular sale, which opened fairly satisfactorily, but a noticeable easing took place, with the result that heavy wethers were cneaper by from 1/6 to 2/- per head, and heavy ewes by from 2/- to 3/-. In respect to other sorts, there was little change. A few odd extra heavy wethers made up to 45/-, prime light crossbred wethers to 37/-, and prime from 27/- to 31/-; ewes made from 13/6 to 24/6. The percentage of good young ewes was very much smaller this week than was the case last week.

About 500 fat lambs were forward, the entry including well-grown consignments, and a good few indifferent sorts. There was a good sale, and all freezing lambs brought values equal to last week’s rates. Light primes, of which there were few, made 7}d per pound. Extra heavy sorts were worth up to 29/4, good primes from 24/- to 26/-, and prime from 22/- to 23/-. The fat cattle entry numbered about 240 head, comprising a fair number of prime bullocks and a few turnip cattle. There was a good percentage of well-finished heifers and cows, the balance being made up of fair to good steers. The sale was fairly even throughout, with prices generally equivalent to those of last week. Extra prime bullocks made up to £2O/2/6, prime £ls to £l7, medium £l2/10/- to £l4, light from £9/10/-; prime cows and heifers to £l2/17/6, medium £lO to £ll/10/-, light from £B/10/-. Store cattle were forward in good numbers, about 200 being yarded. There were a good few fair to medium steers, with a balance of mixed cows and good young cattle. There was a yood inquiry for quality, three to four-

year-old bullocks making from £8 to £ll, and good-conditioned cows from £8 to £l2. There were 31 fat pigs and 57 stores, the smaller entry having the effect of creating a very keen demand. Baconers and porkers made a full lOd per pound, and better. CHRISTCHURCH STOCK EXCHANGE. THE DAY’S TRANSACTIONS. (Special to the “Herald.”) CHRISTCHURCH, July 2. Sales on ’Change were made to-day as follows: Commercial Bank of Australia (pref.), £6/11/9; National Bank of Australasia (£5 paid), £7/2/- (2); Union Bank of Australia. £ll/15/-; South British Insurance, 59/-; Goldsbrought Mort, 29/1; New Zealand Breweries, 51/4; Dunlop Perdriau Rubber, 13/2; Mt. Lyell, 24/6 (2), 24/7; Mahakipawa, 2id (2). Sales Reported:—Booth Macdonald (pref.), 4/9; Gear Meat, 37/6; Commercial Bank (pref.), £6/12/-. TO-DAY’S QUOTATIONS.

j t THE SHAREMARKET. j £ ! c lc t By Telegraph—Press Association. * AUCKLAND. July 2. t Sales on ’Change: Government Bonds (1933) 56 per cent. £99/15/-; i Glaxo (1945) 66 per cent. £9O/10/-; ! Commercial Bank of Australia 21/3; j do. (pref.) £6/12/6; Bank of New Zea- ; land 57/9 (2); Farmers’ Co-op. Auc-| tioneering (A. pref.) 18/-; Westport« Coal 31/3; New Zealand Breweries (late sale Tuesday) 51/6; British To- I bacco (late sale Tuesday) 37/6; Gear 37/6; Waihi 14/46 (2), 14/5; Mount Lyell 24/9; do. rights 3/3. DUNEDIN, July 2. l . Sales on 'Change: Cornish Point 1 (paid) Bd. * Sales reported: Commercial Bank t 21/2. 1 Sales reported (after last call): , . Okarito (paid) 7/6. ) GRAIN AND PRODUCE. * \ ii SOUTH CANTERBURY MARKETS. 5 The pa6t week has been a very quiet one in the South Canterbury grain and ( produce markets. At this period last year a little business was passing, but j the present season has been one of the slackest for a long time. Wheat.—The wheat market remains ( practically the same as at last report, . the price quoted for Tuscan being 6/6, and for Hunters and Velvets 6/8, all at * f.o.b. Fowl wheat is still being quoted at 6/-. 1 Oats.—B Grade oats have been pur- j chased for July at 3/86 f.0.b., s.i., and ; A’s at 3/11. These prices are equal to : 3/26 for B’s and 3/4 on trucks. There 1 is still very little doing in actual oats, J while forward business is also quiet. 1 Duns remain at 5/3 for good dark a lines. There are no Algerians offering, j Chaff.—Chaff is slightly easier, and * is worth £6 17s 6d f.0.b., s.i., which is \ equal to £5 5s to £5 7s 6d on trucks. 1 Linseed.—As in other cases, the \ linseed market is very quiet. The price ‘ remains the same as last week, namely 1 £ls on trucks for f.a.q. * Potatoes.—During the week potatoes j have shown a further decline. July’s j are quoted at £5 23 6d, and July- ' September at £5 12s 6d. Prompts are j worth £4 15s. Grass-seed—A fair amount of Southland ryegrass has changed bands at 1

! 6/6 to 6/9 on trucks at Gore. Italian and Western Wolths remain at 6/9 j f.o.b. A few lines of cowgrass have come on the market. The quality is 1 good, but the demand is very poor, as there are sufficient supplies in store to do without the new crop. The nominal i price is 4d to 6d on trucks. There is still an odd inquiry for white clover. Good farmers’ dressed is worth lOd to 1/-.

£ s d. £ s. d. Sellei s. Buyers. N.Z. Government Debentures — 4 h p.c. Inscr., 1939 99 2 6 — 44 p.c. Bonds. 1930 99 12 6 — 44 p.c. Bonds. 1938 99 2 6 — 51 p.c. Inscr., 1941 95 0 0 98 0 0 54 p.c. Inscr., 1933 99 7 6 — 56 p.c. Bonds, 1933 99 7 6 — 56 p.c. Ir.scr., 1937 99 10 0 — 54 p.c. Bonds, 1937 99 10 0 — Other Debentures — North Canterbury Hospital, 5i p.c.. 1940 100 2 6 101 10 0 Banks — Aust. of Commerce 1 3 0 1 3 5 Comm, of Aust. .. 1 1 1 1 1 2 Do. (pref.) 6 10 0 6 12 0 National of A'asia (£10 paid) .. .. 14 10 6 14 14 0 National of A’asia (£5 paid) .. .. -7 1 6 7 3 0 New South Wales 38 5 0 39 0 0 New Zealand .. .. — 2 17 9 Insurance— A.P.A 0 5 3 0 7 3 Standard 2 18 0 3 0 0 loan and Agency Goldsbrough Mort 1 9 1 1 9 3 United Building Society 0 15 2 0 15 9 Wright Stephenson and Co. (pref.) 0 15 3 >0 16 3 Shipping— P. and O. Deferred Stock 2 2 0 2 6 0 Woollens — Kaiapoi (17/- pd.) 0 12 10 0 13 3 Do. (7/- paid) 0 4 3 — Mosgiel 6 10 0 — Coal — Stockton (ord.) 0 1 6 0 2 3 Gas-- 1 Christchurch .... 1 5 11 1 6 3 Do. (10/- paid) .. 0 12 6 0 13 3 Breweries — New Zealand .. .. 2 11 3 2 12 0 Staples — 2 10 0 Swan 3 2 6 3 6 0 Timaru (5/- paid) 0 5 6 0 6 9 Tooths 1 11 7 1 11 9 Miscellaneous— Australian Distillery 0 19 6 i. 1 9

British Tobacco .. 1 17 3 1 17 8 Colonial Sugar 41 12 6 42 0 0 Dunlop Perdriau Rubber 0 13 1 0 13 5 Eclipse Petrol (£1 paid) 0 13 3 0 16 0 Do. (15/- paid) .. 0 11 3 0 13 Electro Zinc (pref.) 1 3 11 1 4 6 Mt. Lyell 1 4 7 1 Do. (rights) .. .. 0 3 0 0 3 6 Milburn Lime .. .. 1 13 0 1 19 0 N.E. P a r m e r s’ Co.-op. (6* p.c. Stock. 1940' .. .. 76 0 0 — North Canterbury Co.-op. Flour . . 0 12 6 0 14 11 Victorian Nyanza Sugar — 1 19 0 Mining— Mahakipawa .. .. 0 0 2i Kawarau 0 0 3i 0 0 6 Stoney Creek (6d paid) 0 0 21 0 0 4 Waihi 0 14 3 0 14 8 Winding Creek (Is paid) 0 0 3 0 0 9 Do. (6d paid) .. .. — 0 0 2 Cornish Point (1/paid) 0 0 7 0 0 8i