COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18627, 24 July 1930, Page 7

COMMERCIAL.

LONDON WOOL SALES. United Press Association—By Electric Telegraph—Cop? right LONDON, July 22. At the wool sales 8592 bales were offered, including 2023 bales of New Zealand. Approximately 7300 bales were sold. There was a large selection of greasy merinos, a good offering oi cross-breds, and a few slips. A good tone was maintained at full late rates. New Zealand lots sold as follows: — Greasy cross-breds, Tprton (top price Hid), average 103 d; Letter (93d). Bid; half-bred, Woodbank (12d), 10jd. 'Half-bred combing. Bedehurst 21d. METROPOLITAN STOCK SALES. ADDINGTON MARKET. By Telegraph—Press Association. CHRISTCHURCH, July 23. The principle feature of the weekly market at Addington was an advance in fat cattle values. The entry was again a fairly heavy one, and included over one hundred head of steers from the North Island. The early stage of the auction saw values as much as £1 10s a head above the previous week’s rates, while on an average over the whole sale the increase was up to £1 a head for all classes. The fat lamb entry was very small, as is expected at this season of the year, but those penned sold very firmly at late rates. The store sheep entry was also a small one, and was comprised in the main of unattractive sorts. The basis of values ruling at recent sales was maintained. Ewes near to lambing were wanted, and their sale was a good one. The sale for fat sheep was steady, although there was an easier tone throughout. Store sheep.—For a small entry, consisting mainly of unattractive sorts, the range of prices was:— Ordinary ewe hoggets to 9/6, ordinary wether hoggets 8/7 to 11/6, good 2, 4 and 6-tooth crossbred ewes to 28/-, good 2, 4 and 6-tooth i-bred ewes, 22/3 to 24/3; good s.m. i-bred ewes to 17/9; ordinary s.m. i-bred ewes 13/- to 14/3, aged ewes 2/3 to 7/9; ordinary 6-tooth 3-bred wethers to 16/7; ordinary 2tooth £-bred wethers 12/- to 13/3. Fat lambs.—An entry of 274 head sold firmly at late rates. Top price was 33/4.

Fat sheep.—47oo head were yarded, as compared with 5200 last week. The sale was steady throughout, but there was an easier tone apparent especially lighter sorts. Values were:—Extra prime wethers to 34/10, prime 26/- to 29/-, medium 22/- to 25/-; maiden ewes to 30/1; extra prime ewes to 24/1,: prime 19/- to 21/6, medium 15/- to 18/-, aged 9/- to 11/6. Fat cattle.—An entry of 420 head was offered. Best handy weight steers and heifer beef made from 39/6 to 43/per 1001 b., and early in the sale a few pens made little above that figure; best heavyweight steer beef from 36/to 38/6, medium quality 33/- to 35/6, best cow beef to 38/-, good cow beef 33/- to 36/-. Prime heavy steers made £l7 5s to £l9 12s 6d. prime medium weight £l3 10s to £l7, medium quality £lO 10s to £l3; extra prime heifers to £l6 17s 6d, prime £ll to £l3 10s, medium £8 10s to £lO 10s, to £8; extra prime cows to £l4 7s 6d, prime £lO 10s to £l3, medium £8 to £lO. Vealers. —A medium entry met with a satisfactory sale at late rates. Values were:—Best runners to £7 13s 6d, medium £4 10s to £6 10s, others £2 10s to £4; good calves to 50/-, medium 35/- to 45/-, others 4/6 to 30/-. Store cattle.—There was a small entry, but prices remained unchanged exxcept for good grazing sorts, which met with keen competition and showed a slight improvement. Generally, the quality of the yarding was very poor. Good fresh cows made up to £5 ss, 18months to 2-year-old steers to £5, yearling calves to 35/-. Potting bulls were unattractive, top price being £5. Dairy cattle.—The entry totalled 50 head, and the quality generally was fairly good. Competition throughout was keen, but prices showed a slight easing. Good second and third calvers brought £l2 to £l3, medium second and third calvers £9 to £ll, backward and inferior £4 to £B, good heifers £ll to £l2 10/-, medium £8 to £lO, others £5 to £7.

Fat pigs.—There was a much larger yarding of porkers, totalling about 500 head. The market opened with a firm demand which was maintained throughout at prices slightly lower than at recent rates. Values were:— Porkers 48/6 to 59/6, heavy porkers £3 to £3 11s 6d (average per lb. 9d to 9id); choppers £4 to £9 Is, baconers £3 14s 6d to £4 16s 6d, heavy baconers £4 18s 6d to £5 9s 6d (average 7id to B*d).

Store pigs.—In a extra large yarding all sorts were represented. Throughout the sale was brisk at late rates. Values were: Medium stores 30/- to 34/6, small stores 26/- to 29/-, slips 20/- to 25/6; ;weaners 18/6 to 24/6, inferior weaners 8/6 to 14/6, sows in pig £3 to £6 2s 6d.

BURNSIDE SALE. LATE RATES MAINTAINED. By Telegraph—Press Association DUNEDIN, July 23. Fat sheep were in moderate demand ,*t Burnsiae to-day, and most classes .vexe disposed of at rates equal to those ruling last week. Fat cattle were sold under keen competition, the price realised improving considerably on the previous sale rates. There was a small entry of fat lambs of poor quality, and prices remained firm at late rates. A small yarding of store cattle was offered, and prices realised compared favourably with late sales. A large penning of fat pigs was forward. Competition throughout was keen, whilst in the store pig section good prices prevailed. Dairy cows close to profit were in good demand, but the market for late calvers was considerably weaker. Fat sheep.—There was an entry of 1850 fat sheep of fair quality. The entry of heavy wethers was small, and sold at keen rates. The remaining classes opened at prices on a par with recent sales, and remained steady until the last race was sold, prices at this stage receding by from Is 6d to 2s a head. Prime heavy wethers sold at up to 43s 9d, and prime heavy ewes to 28s 6d. The fat cattle entry totalled 205 head of fair to good quality, with a few entries of especially good bullocks. Prime heavy bullocks sold at up to £23 7s 6d, medium to £ls, light to £l2 10s; prime heifers to £l4 15s, medium to £l2, light to £9 10s; heavy cows to £l4, medium to £l2 10s, light to £9 10s. The small yarding of store cattle was comprised chiefly of poor-conditioned cows, with a sprinkling of heavi(?r sorts, average prices being realised. Vealers, of which there were only a few forward, met with good competition. A line of two-year-old steers penned failed to fidd a buyer at auction. There was a larger yarding than usual of fat pigs, 68 being penned, and keen competition ruled.

A penning of 30 head of dairy cows was forward. Cows close to profit realised up to £l3 15s. but late calvers were more difficult to dispose of. the prices ranging from £4 10s to £7 15s. MARKET REPORTS. GRAIN, SEED, AND POTATOES. Those handling grain, seeds and potatoes state that the last-named commodity has dropped in value since last week. In milling wheat sales have been made lately at 6/4 and 6/5 ex store for Tuscan. It is understood that stocks of this variety are getting very low, and it would seem as if there will now be a demand for Hunters and Velvets. Hunters is quoted at 6/6, Velvet at 6/8 per bushel ex store. Fowl wheat is quoted at 6/1 f.0.b., but stocks are not heavy.

In oats, A and B Gartons remain practically the same as last week. B s for “prompt” deliveries are quoted at 3/B*. and A’s at 3/lOi, these prices being f.0.b., s.i. August and Septembers at practically the same price. There are no heavy stocks of Gartons held locally. Duns and Algerians are now better lines. Duns are quoted at from 5/- to 5/3 f.0.b., s.i., according to quality, and Algerians are worth from 5/9 to 6/- f.0.b., s.i. Chaff is firm at £5/7/6 per ton on trucks, and there is not at present a great demand, as Auckland is drawing supplies from Tasmania which are being landed at £B/10/-, consequently there is not a great market for South Canterbury chaff at the moment. Linseed remains as quoted last week, having fluctuated in no way in the interim, and being quoted at £ls on trucks, sacks extra, for f.a.q. quality. As anticipated when a shipment has been sent away, there has been a decline in potatoes, which are now quoted at £4/17/6. August and September lots have shown a considerable drop and are quoted £4 on trucks for f.a.q. whites. In grass-seed the main lines of interest are Western Wolths and Italian rye. Ryegrass (27-281 b) is quoted at 6/9 on trucks at Gore, and there is very little available at this price. Locally ryegrass is being retailed at 8/a bushel and Western Wolths at 6/9 f.o.b. The Auckland Market. A-report under date July 14 received from Auckland by one of the leading merchants in Timaru states that produce business during the month of June was in such a stagnant condition that it hardly called for any re-

port. The month went by with very little change in any lines, the exception perhaps was fowl wheat, which firmed up considerably. With regard to potatoes, the position on the spot is becoming less congested and store stocks are moving off fairly well. Southern holders had to go to the expense of repicking in many cases, and at the outside received £6/5/- per ton ex store. This will return them a substantial loss, as strictly speaking £6 would be nearer the average price. The quantity of potatoes to arrive during the week will be quite small, and should not amouni to much over 6000 sacks. This should go a long way to keeping the market in its present firm state. It is questionable, however, if the price will keep up, as at the end of July it is anticipated that further heavy deliveries will be made. Local merchants are not committed heavily for August-September and some may come on the market for these months soon. The Wheat Pool appear to be the only sellers of any quantity of good whole fowl wheat, and they are asking 6/1 for prompt, 6/11 for July, and 6/2 for August. The price is affecting the sale, as poultry-farmers are using maize in greater proportion. Regarding grade oats, this market is quite firm in the south. Up here in Auckland we have quite a different position. The demand is Very poor, and everybody seems to be overstocked. We should imagine there are several thousand sacks of oats in store in Auckland. The demand for maize is good on account of high wheat prices. A recent shipment of over 5000 sacks from South Africa went into consumption immediately. This importation also had a weakening effect upon new season’s Bay of Plenty and Gisborne maize, which is now quoted very cheaply. Maize can be landed in Auckland at 5/9 per bushel, and resold at 6/- to 6/3, according to quantity, which compares more than favourably with wheat at 7/9 to 8/- for resale. Very little business is passing in chaff and although the Canterbury quotations remain steady most merchants have a good quantity of Tasmanian on hand. Tasmanian chaff has been reduced 5/- per ton recently, and it is possible to land this class of stuff at £3/10/- in New Zealand sacks. This is about £1 per ton better than Canterbury. RABBITSKIN SALE. The National Mortgage and Agency Co. (Dunedin), report that' the fortnightly rabbitskin sale was held on Tuesday, when large sized catalogues were offered. Prices again receded to the extent of 3d to 6d a lb, and competition was lifeless. The following prices were obtained:—Light racks

lG5d, prime racks 15-cl, dawny autumns 19d, early autumns 223 d, late autumns 34d. Ist incomings 44d, 2nd incomings 19id, Ist early winter bucks 621 d, Ist winter does 394 d, outgoing bucks 17£d, outgoing does 23d, prime bucks 741 d, prime does Ist does 57d, 2nd bucks 38d, 2nd does 33id, spotted bucks 28Ld, spotted does 274 d, Ist broken 2Ud, broken 17d, prime black 34d. Ist black 30d, black 24d, fawn 73d, hair 17d.

GERALDINE STOCK SALE. There was only a small entry at the fortnightly stock sale at Geraldine yesterday, and values were only fair. Prices were as follows; — Fat ewes—7 at 10/1, 11 at 8/-, 26 at 10/-, 6 at 12/10, 11 at 11/6. Fat wethers —18 at 19/2, 13 at 18/2, 14 at 22/3, 11 at 22/6, 15 at 19/-, 8 at 26/-, 13 at 22/6. Fat lambs—22 at 16/9, 96 at 13/8, 4 at 19/-, 95 at 13/8. Store sheep—33 6 and 8-tooth ewes at 11/-, 30 2-tooth wethers at 14/2, 20 at 13/3, 30 wether hoggets at 10/4, 67 at 9/10, 40 ewe lambs at 10/6, 7 ewes at 5/6, 58 4, 6 and 8-tooth ewes at 15/9, 25 f.m. ewes at 3/7, 6 ewe lambs at 6/6, 40 do. at 14/6, 20 wether lambs at 10/4, 6 do. at 9/10, 7 lambs at 9/-. Cattle—l cow at £4/5/-, 1 do. at £9/15/-, 1 fat cow at £9/5/-, 1 do. at £B/5/-. Pigs—s at 21/6, 1 at 23/-, 1 at 40/-. CHRISTCHURCH STOCK EXCHANGE. AFTERNOON CALL. (Special to the ‘‘Herald.*’) CHRISTCHURCH, July 23. The following alterations in quotations were made on ’Change to-day:— Buyers Sellers

THE DAY’S BUSINESS. Sales on ’Change.—National Bank of New Zealand. £5 15s 9d, £5 16s; Goldsbrough Mort, 27s 6d; New Zealand Breweries, 50s. 50s 6d i6>, 50s 4d, %0s (8); Tooths Brewery, 28s 9d; Mount Lyell, 23s 6d. 23s sd, 23s 4d (2). Sales reported.—N.Z. Government, 5j per cent, inscr. 1932, £9B 10s; Bank of New South Wales, £35 15s (2); Commercial Bank of Australia, 21s. THE SHAREMARKET. By Telegraph—Press Association AUCKLAND, July 23. Sales on ’Change.—National Bank of New Zealand, £5 16s; War Loan (1936) 51 per cent., £99 7s 6d: Wellington Gas (pref.), 17s; New Zealand Breweries, 50s, 50s 3d; Waihi (late sale Tuesday), 14s; Waihi Grand Junction, 2s; Ohinemuri Gold and Silver, lOd. DUNEDIN, July 23. Sale on ’Change.—Mount Lyell (rights), 2s. Sales reported.—Commercial Bank, 20s lid; Milburn Lime, 345.

£ s. d. £ S. d. Banks— Australasia .... Comm, of Aust. 11 19 0 12 1 0 (cum div.) . . . 1 1 0 1 i 2 Do. vpref cum div.) 6 11 0 6 12 6 Do. (new 5s paid) 0 S 8 0 10 0 Comm, of Sydney 19 11 0 19 19 0 17 18 6 National of A/asia. (£5 paid) .... 6 18 6 6 19 6 National of N.Z. . 5 lb 6 5 17 0 New South Wales . 35 10 0 35 17 6 New Zealand .... Union of Aust. 2 15 0 2 16 0 (cum div.) .... 11 2 6 11 5 0 Insurance — A.P.A New Zealand (cum 5 6 9 - div.) — 2 6 0 Loan and AgencyGoldsbrcugh Mort Permanent Invest1 7 3 1 7 8 ment 10 4 0 10 6 0 United Building Society 0 15 4 0 17 6 Shipping— P. and O. Deferred Stock 2 3 6 2 5 6 Frozen Meat— N.Z. Refrigerating (£1 paid) 0 9 9 0 11 5 Do. (10s paid) . . . 0 4 3 0 4 9 Woollens— Kaiapoi (7s paid) . 0 4 i 0 4 7 Coal— j Westport 1 13 0 1 14 3 j Gas— | Christchurch . . . 1 5 9 1 5 11 | Do. (10s paid) . . • — 0 13 1 j Breweries— New Zealand .... 2 9 10 2 10 0 | Staples 2 4 3 2 4 11 1 7 3 1 9 3 Miscellaneous— Burns Phi Ip ... Electro Zinc (pref. 1 10 0 1 15 0 cum Q.1V. • .... 1 3 4 1 3 8 Holden’s Motors . 0 7 0 0 7 9 Mb. Lyell 1 3 2 1 3 Do. (rights) N.Z. Farmers’ Co0 1 9 0 2 op. (“B” pref.) . — 2 10 0 United Pictures . . Victoria Nyanza 1 4 1 1 13 Sugar 1 12 6 1 18 0 Mining— Okarito 0 6 6 0 6 11 0 14 1 Winding Creek (1/paid) Cornish Point (1/0 1 0 0 0 7 paid) 0 0 3 2 0 0 3i