COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18651, 21 August 1930, Page 13

COMMERCIAL.

METROPOLITAN STOCK SALES. BIG ENTRIES AT ADDINGTON. By Telegraph—Press Association. CHRISTCHURCH. August 20. There were heavy entries in the major sections of the weekly metropolitan market at Addington to-day, and the only outstanding alteration in values, compared with those ruling at the market a fortnight ago, was in the fat cattle section, in which there was a distinct easing. North Island lines were again forward, but the general quality of the cattle yarding was not as good as at recent sales, and the market was very irregular. There was an average decline of £l, and up to £1 10s a head. Fat sheep were yarded in very heavy numbers. They sold very well, and the rates ruling at last sale a fortnight ago were practically maintained throughout. The entry of store sheep was larger than for some weeks, and the sale was a very bright one. Values increased all round by 1/- to 1/6 a head.

Store sheep.—A larger entry than for some time was offered, but the quality was very mixed. The range of prices was:—Extra good two-tooth halfbred ewes to 31/6. good 25/- to 28/3, good 6 and 8-tooth half-bred ewes 18/- to 19/6, medium 14/- to 16/-, ordinary to 11/-; good s.m. halfbred ewes 18/- to 20/9. ordinary to medium 12/- to 15/6; aged and backward halfbred ewes to 9/-; extra good s.m. 3bred ewes to 25/3, four and six-tooth halfbred wethers to 16/-, backward two-tooth wethers to 8/6, ordinary ewe hoggets 15/6 to 16/6, wether hoggets to 9/10.

Fat sheep.—There was a heavy entry of 6000 head, compared with 5400 at the National market. The quality was better than at an average sale, and Southland, South Canterbury, and the West Coast were represented. Late rates were fully maintained. Values were: Show wethers to 43/9, extra prime wethers to 36/-, prime 27/- to 31/-, medium 23/- to 24/6; extra prime ewes to 25/10, prime 19/6 to 22/-, medium 16/- to 18/-. Extra prime hoggets to 33/9, Prime 25/- to 28/-, medium 21/- to 24/-.

There were about twenty spring lambs entered, and the top price was 36/9.

Fat cattle.—46o head were entered, including about 80 head from the North Island, and a few lines from the West Coast, Southland, North Otago, and South Canterbury. Best handyweight steer and heifer beef made from 41/- to 45/- per 1001 b., best heavy-weight steer beef from 36/- to 40/-, medium quality 32/- to 35/6, best cow beef 33/- to 35/-. Extra prime heavy steers made up to £23 2s 6d, prime heavy steers £l7 to £2O. Prime medium weight £l4 to £l6 14s, medium quality £lO 10s to £l3; £lO extra prime heifers to £l6, prime £l2 to £l4. medium £9 10s to £11; extra prime cows to £l6 2s 6d, prime £ll to £l3, medium £9 to £lO 10s. Vealers. —There was a fair supply of vealers. Top price was £8 3s 6d. Other values were: Medium runners £5 to £7, good calves 50/- to 90/-, small calves 17/- to 40/-.

Store cattle.—The yarding was an unusually heavy one, and there was a good proportion of attractive lines. The inquiry throughout was keen. Three-year Hereford-Shorthorn cross steers made £9, and a pen of 15months’ steers of the same cross sold at £4 8s 6d. Yearling steers made up to £3 16s, and a second pen of 15-months steers made £4 Is. A pen of Shorthorn heifers, 15 to 18 months old, made £4 13s 6d, and a line of yearing heifers £3 4s. A line of grazing cows of good colours fetched £5 13s 6d, and the best of the cows made up to £6 ss. There were few potting bulls offered, top price being £5 10s. Dairy cattle.—The entry was heavy, totalling 117 head, consisting chiefly of unattractive cows and heifers. Values were: Best second and third calvers £ll to £l3, extra good sorts to £l4 10s, good £9 to £lO 10s, medium £7 to £8 10s; good heifers £9 to £lO 10s, medium £7 to £8 10s, others £5 5s to £6 ss. Fat pigs—There was a large yarding of porkers, and better sorts met with a good demand. Values were: Porkers 45/- to 55/6, heavy porkers 58/6 to 67/6 (average per lb 9*d to 10£d); baconers £3 12s 6d to £4 ss, heavy baconers to £5 8s 6d (average 7id to Bid). Store pigs met with a good sale throughout. The yarding was a small one, and prices showed an improvement. Large stores brought 35/- to 44/6, medium 28/- to 32/6, small 25/6 to 27/6; weaners 21/- to 28/6.

BURNSIDE SALE. IN SELLERS’ FAVOUR. By Telegraph—Press Association. DUNEDIN, August 20. Prices generally at Burnside could be quoted as being in sellers’ favour. There was a yarding of about 240 fat cattle, including a small proportion of handy-weights and a larger percentage of medium cows and heifers. On the whole values showed little alteration from last week’s price level, but, if anything, ruled in sellers’ favour, particularly in regard to the choicer sorts. A feature of this section was a Show bullock sold on account of Carter Bros, at the high price of £29/12/6. Prime heavy bullocks made up to £23/12/6, prime to £2O, and medium from £l6 to £l7/10/-; prime heavy cows and heifers to £l6/5/-, prime to £l3/10/-, lighter sorts to £ll/10/-. There was only a small entry of store cattle, with few quotable lines. Prices were firm at late rates. The entry in the fat sheep section numbered about 1680, comprising a small penning of prime wethers and a sprinkling of fine-woolled sorts. The sale opened uneventfully, but firmed considerably. Ewes were worth about 2/- per head more than at last sale, while wethers can be quoted as firm, although early in the sale they were a good bit dearer than was the case at the previous sale. An odd pen of nondescript hoggets did not command much attention. Prime wethers made up to 36/9, medium to 29/6, and light from 22/6. Prime heavy ewes were worth up to 24/9, prime to 22/-, and light and medium from 13/6 to 19/-. The hoggets brought from 14/- to 23/-. A small entry of pigs sold well at late rates.

MARKET REPORTS. GRAIN, SEEDS AND POTATOES. The matter of most importance in market quotations during the past week has been the slump in potatoes. Lots required for prompt delivery are quoted at £4 per ton, and August deliveries at £3/10/- f.0.b., s.i., this price being equivalent to £2/15/- on trucks to formers for August supplies. Very few shipments are being made for the North Island. In point of fact the quantities going forward for northern markets are fewer than was the case at this time last year. Merchants are unable to account for the falling off in export this year. Local stocks are fairly plentiful. So far as wheat is concerned, milling Tuscan is in good demand, and sales have been made at 6/6 h f.o.b. sacks extra. The main lines available are Hunters and Velvet but so far millers have not shown much inclination to buy these varieties. With the shortage of Tuscan however these lines should move off. With reference to oats, A and B Gartons remain practically where they were at this time last week, being quoted at 3/10 for A’s and 3/8* for B's. Duns are still being disposed of at from 5/- to 5/3 f.o.b, s.i. With the fine weather experienced of late, there has not been much demand for chaff, and sales have been hard to make. Latest quotations are £6/17/6 for good bright lines, this price being equal to £5/5/- to £5/7/6 on trucks. Linseed is quoted at £l6/15/- f.0.b., s.i., equal to £ls on trucks. In seeds, there is a good demand for ryegrass, but prices remain at about the same as last week. Good heavy seed is difficult to obtain under 6/11 on trucks, at Gore or Invercargill. Western Wolths and Italian rye are quoted at from 5/9 to 5/10 f.o.b. Cowgrass is quoted at from 5d to 6d per lb, and there has been little business done at these prices. The quality of the seed offering this year is much better than that on the market last year. There is a good demand for seed oats, and also for spring wheat, and the better and more favoured lines of grass-seed, and indications are that there will be a good deal more cropping done this year than last. Farmers have had exceptionally good weather for sowing, and have not been hampered with unfavourable weather during the winter. After the last rains, crops are coming away well, and with anything like a favourable spring, prospects appear good for the season’s crops. Reports received in Timaru under date August 12 indicate that the Auckland market is not favourable at the present time. These state that very little business is passing in produce lines, and f.o.b. buying seems to have become a thing of the past. Buying potatoes in the south has been a losing proposition as when the time comes to take delivery lower prices rule ex wharf Auckland. Consignments ex Wingatui realised on the average £6/5/ex wharf. The buying at this figure was fairly heavy, and the boat was just about cleaned up when the Waipita arrived; only about 1000 sacks remained on the wharf. Chaff. —Very little business has been sent south lately, as the majority of merchants had contracted for Tasmanian, which arrived at a cost of £B/17/6 ex wharf. For A and B Gartons there is practically no demand. Fowl Wheat.—The inquiry is dull by reason of more maize being used. RABBITSKIN SALE. The National Mortgage and Agency Co. report that at the rabbitskin sale at Dunedin on Tuesday they obtained the following prices at auction:—Small 4d, light and prime racks 12d, Ist milky 131 d, dawny autumns 15d, autumns 26d, Ist early winter bucks 344 d, prime bucks 64d. Ist winter bucks 62d, 2nd bucks 35d, spotted bucks 28d, outgoing bucks 203 d, springs 161 d, winter broken 123 d, runners 7d, summers 7d, milky 6d, earlies 17d, incomings 35d, Ist early winter does 28d. prime does 551 d, Ist winter does 473 d, does 33d, spotted does 24d, outgoing does 21d, Ist winter broken 173 d.

CHRISTCHURCH STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. (Special to the “Herald.”) CHRISTCHURCH, August 20. The following quotations were current on ’Change to-day:— Buyers Sellers

THE DAY’S BUSINESS. Sales on ’Change.—Commercial Bank of Australia, 20/2 (3); Commercial Bank of Sydney, £l9/17/6; E.S. and A. Bank, £5/16/6; Christchurch Gas, 24/4; New Zealand Breweries, 51/-; Electro Zinc (pref. cum. div.), 20/9; Mahakipawa, 3d. Sales reported.—Mount Lyell, 22/li (2); Taupiri Coal, 27/-. THE SHARE MARKET. By Telegraph—Press Association. AUCKLAND. August 20. Sales on ’Change.—Bank of Australasia £ll 16s 6d; National Bank of Australasia £l4; ;ditto (con.) £6 17s; (2); N.Z. Insurance 41/6; Taupiri Coal 27/-; Colonial Sugar £36 ss; Thames Theatre 12/3; Wilson’s Cement 40/-; ditto (late sale Tuesday) 40/7; Australian Bank of Commerce 21/11. DUNEDIN. August 20. Sale on 'Change.—Okarito 7/-. Sales reported.—Okarito 7/- (3); N.Z Breweries 51/3.

£ S. d. £ 8. d. N.Z. Govt. Stock44 p.c. Inscr. and Bonds, 1936 . . . 99 17 6 — 44 p.c. Bond, 1938 . 99 17 6 — 51 p.c. Inscr., 1941 99 15 0 96 10 0 44 p.c. Inscr., 1939 99 12 6 — 44 p.c. Bonds, 1941 99 15 0 — 54 p.c. Inscr., 1932 98 0 0 — 54 p.c. Inscr., 1941 95 15 0 96 10 0 54 p.c. Inscr., 1933 — 100 0 0 54 p.c. Inscr., 1936 Christchurch City — 99 10 0 5 p.c., 1936 . . . — 95 0 0 54 p.c. Bonds, 1933 99 5 0 — 54 p.c. Bonds, 1936 99 5 0 — Other DebenturesGlaxo 64 p.c. 1945 N.Z. Refrig., 64 p.c. 90 0 0 93 0 0 1935 93 0 0 95 15 0 Banks— Adelaide . . . • • 6 9 0 Aust. of Comm. . . 1 1 8 1 2 0 Australasia .... — 12 0 0 Comm, of Aust. . . 1 0 1 1 0 2 Comm, of Sydney 19 16 0 20 0 0 E.S. and A Natl of A’Asia 5 16 0 5 17 0 (£10 paid) . . . Natl, of A’asia 13 17 6 14 0 0 (£5 paid) . . . — 6 18 0 Natl. of New Zealand .... New South Wales 5 14 0 5 15 0 (cum div.) . . . 36 0 0 36 7 6 New Zealand . . . New Zealand (“D”) 2 15 11 2 16 2 Mort Shares) 1 7 1 — Queensland Nat’l . — 6 10 0 Union of Aust . . 10 12 0 10 13 0 Insurance — A.P.A 0 5 9 0 6 9 Mercantile Mutual — 1 2 6 National 0 13 6 0 14 1 New Zealand . . . 2 1 0 2 2 0 Standard (cum d.) 2 19 9 3 0 0 Loan and AgencyDalgety and Co. 9 12 6 9 17 0 Goldsbrough, Mort N.Z. Guarantee 1 6 6 1 6 8 Corporation . . United Building 0 7 9 0 7 11 Society .... Wright, Stephen0 15 9 0 16 0 son and Co. (ord.) - 1 1 0 Shipping— Huddart Parker . P. and O. Deferred - 1 18 0 Stock Huddart Parker 2 2 0 *1 — (prof.) — 0 9

Frozen Meat— N.Z. Refrigerating (£1 paid) . . . N.Z. Refrigerating 0 9 6 0 10 9 9 10/- paid) . . . 0 4 4 0 4 Woollens— Kaiapoi (17/- pd) 0 10 1 0 12 0 Kaiapoi (7/- pd) . Wellington (ex 0 3 7 0 4 6 div.) 5 12 6 Coal— Taupiri 1 7 6 Westport 1 11 6 1 12 Stockton (ord) . . 0 0 9 0 2 Gas— Auckland 1 4 3 Christchurch . . . 1 4 2 1 4 5 Timaru (cum div.) 1 1 7 1 4 5 Breweries— New Zealand . . . 2 11 2 2 11 6 Staples 2 3 7 2 5 0 Timaru. — 0 14 0 Timaru (5/- paid) 0 6 0 0 7 0 Tooheys — 0 18 3 Tooths 1 7 9 1 8 8 White Star .... — 0 14 0 Miscellaneous— Australian Distillery —• 1 1 6 Beath and Co. . . — 1 10 0 Do. (1/- paid) . . 0 6 0 0 6 11 British Tobacco 1 16 10 1 17 1 Burns, Philp . . . 1 12 0 1 13 3 Cant. Saleyards 1 13 6 1 19 0 Colonial Sugar . . 35 5 0 36 12 6 Dunlop Rubber Electro Zinc (ord. 0 13 1 0 13 5 cum. div.) . . . 0 16 6 0 17 11 Electro Zinc (pref. cum. div.) . . . 1 0 0 1 0 9 Greater Crystal Palace 0 18 0 — Henry Jones Coop — 1 8 9 Holden’s Motors cum. div.) . . . 0 8 6 0 9 6 Hov/ard Smith (pref.) .... — 1 0 3 Kauri Timber . . Mason, Struthers 0 11 0 0 13 0 (£1 paid) . . . — 0 13 0 Mount Lyell . . . 1 2 0 1 2 3 N.Z. Drug Co. . . N.Z. F a r m e r s’ — 3 5 0 Co-op. (B pref.) Do. (6£ p.c. Stock. 2 10 0 1939 and 1940 . — 80 0 0 N.Z. Farmers’ Fertiliser 0 15 6 1 0 0 North Canterbury Co-op. Flour . 0 7 6 — Wilson’s Cement . 1 18 0 — Wunderlich . . . — 0 19 9 Central Dairy . . Peters American 1 14 0 Delicacy . . . 1 0 0 1 5 0 Mining— Alexander . . • • 0 12 6 Kawarau 0 0 4 0 0 6 Mahakipawa . . . 0 0 2i 0 0 3 Okarito .... Stoney Creek (6d 0 6 11 0 7 3 paid — 0 0 4 h Waihi Winding Creek 0 14 4 0 15 0 (1/- paid) . . . Winding Creek 0 0 1 0 0 6 (6d paid) . . . 0 0 3 0 0 8