COMMERCIAL

Timaru Herald, Volume CXXXVII, Issue 19330, 3 November 1932, Page 16

COMMERCIAL

METROPOLITAN STOCK SALES. “DOUBLE" MARKET AT ADDINGTON. Fy Telegrarlv—■Press Association. CHRISTCHURCH, November 2. Addington market this week was a ‘'double” one. prior to Carnival Week, and the New Zealand Trotting Cup meeting. Entries in all major sections were very large, and consignments were forward from all parts of the South Island and some from the North Island. A feature was the sharp decline in fat lamb values to the level of 3id and 4d per pound. Store sheep.—ln a small entry of mixed quality, ewe hoggets were in keen demand and sold at an advance of 1/- to 1/6 on late rates. Other classes were unchanged. Values were:— Good ewe hoggets 16/9 to 16/4, medium ewe do. to 13/-, shorn wether do. (small) to 8/6; two-tooth shorn ewes (dry) to 12/-, shorn wethers 7/9 to 10/2, ewes and lambs 4/10 to 6/8. Fat lambs.—An entry of 2000 head met a sharp decline in values, averaging from 2/- to 3/- per head. The average price per pound was 3id to 4d. Top price for Show lambs was 19/10, and for extra prime lambs 15/10. Fat sheep.—The entry totalled 7000. and there was a steady sale. Prices for ewes were unchanged, and for wethers they advanced by 1/6 a head on late rates. Southland, Otago, and South Canterbury fatteners were heavily represented. Extra prime heavy wethers made up to 15/10, prime heavy do. 13/6 to 15/-, medium weight prime do. 11/6 to 13/-. ordinary do. 10/- to 11/-, light do. 8/6 to 9/6; extra prime heavy ewes to 15/4, prime heavy do. 11/- to 12/6, medium weight prime 9/- to 10/6, light and ordinary 7/6 to 8/9; extra prime heavy woolly wethers to 18/10, medium do. 15/- to 17/-, light do. 13/6 to 14/6; extra prime heavy woolly ewes to 15/1. medium 12/6 to 14/-, light do. 10/- to 12/-. Fat cattle. —There was an entry of 588 head, with Southland, Otago, West Coast, South Canterbury and the North Island represented by large consignments. Heavy cattle were easier by up to £1 a head, and other weights (except best heifers, which were unchanged) were back by 10/- to 15/- a head. A north Island consignment of cows and heifers averaged £6/8/6 a head. Best beef was worth up to 24/per 1001 b. good prime 20/- to 22/6, heavy 16/6 to 19/-, secondary 14/- to 17/-. inferior to 13/-. Values were:— Extra prime heavy steers to £ll/12/6, prime heavy £7/10/- to £9/10/-, prime medium £6/5/- to £B, ordinary quality £4/5/- to £6, light £2/15/- to £4; extra prime heifers to £7/17/6, prime £5/10/to £7/5/-, medium £4 to £5/10/-, light £2/10/- to £3/10/-; extra prime cows to £B/2/6, prime £4/10/- to £6/10/-, medium £3/5/- to £4/5/-, light £2 to £3. Fat pigs.—A medium entry of baconers was offered. The demand was a little weaker. Pork was in good supply, though the offering was mixed, and values were unchanged. Choppers brought 25/- to £4/13/6, baconers 38/6 to 47/6. heavy do. 50/- to 59/6, extra heavy to £3/9/6 (average price per lb 3?d to 4(d); porkers 25/6 to 31/6, heavy 32/6 to 37/6 (average 4!d to sid).

BURNSIDE SALE. LOWER PRICES ALL ROUND. By Telegraph—Press Association DUNEDIN. November 2. There was a general decline in values at Burnside to-day. In the fat cattle section, bullocks sold at a reduction of 15/- per head, mainly due to the large yarding. Lambs, sheep and pigs also were sold at reduced rates. A yarding of 241 head of fat cattle included several pens of extra prime bullocks, the balance of the entry consisting of light bullocks and cows, and one or two pens of extra choice heifers. The best consignment of prime bullocks sold at up to £ll/2/6. Another pen brought £lO/7/6, and the balance of the bullocks sold at from £7/10/- to £9 per head. Cows realised from £4 to £6/10/-, and heifers £4/10/- to £B. Prime ox beef was worth about 20/-, plain 18/-, and beef about 17/- per 100 lb. Fat Sheep—About 2000 sheep were forward, a good yarding including several pens of extra heavy wethers, and a fair number of extra heavy ewes. Opening sales showed a drop of about 2/6 per head all round for wethers, and about 1/6 for ewes. Top price for extra heavy wethers was 14/9; and extra heavy ewes sold from 10/- to 10/9.

The lamb entry was the largest this season. The quality was extra good, but owing to the large number forward. prices showed a drop of fully 3/6 per head. Several pens sold at 15/and 16/6, but the bulk of the entry averaged 14/-. Prime lamb was worth about sid per lb. Another poor yarding of store cattle consisted of one or two pens of plain steers, and a large number of old cows. Little spirit was shown throughout the sale, and steers sold at from £3/10/- to £4/10/-, and cows at from £l/10- to £2/10/-. In the pig section. 129 stores and 98 fats were offered. Heavy bacon pigs sold at a reduction of 5/- a head, and porkers at cheaper rates. Bacon pigs were worth about 4Jd, and porkers about sid per lb. CHRISTCHURCH STOCK EXCHANGE. LATEST QUOTATIONS. (Special to th« •* weraid CHRISTCHURCH. Nov. 2. The following quotations were current when the Stock Exchange closed after the afternoon call:—

The Day’s Business. Sales on 'Change.—New Zealand Government, 54 per cent. Inscribed, February, 1937. £IOO/5/-; National Bank of Australasia (£5 paid cum. div.), £5/11/-; National Bank of New Zealand. £3/18/9; Bank of New Zealand, 45/6; Union Bank of Australia, £7/13/6; N.Z. Refrigerating (10/- paid). 2/9, 2/10, 2/11; Mount Lyell, 20/3, 20/2 (5) ; Golden Dawn. 5/- (2); Golden Point, sid; Ckarito. 8/- (2); Waihi (ex. div.), 17/11 (2). Sales Reported.—National Insurance (cum. div.), 14/6. SYDNEY STOCK EXCHANGE. QUIET TONE PREVAILS. United Press Association —By ElectrU Telegraph—Copyright (Received November 2, 9.20 p.m.) SYDNEY. November 2. There was a quiet tone on the Stock Exchange to-day. Bonds are still showing rises. Colonial Sugar shares were strongly supported in anticipation of the dividend. The announcement of a sale at £57/5/- represented a rise of £2O on the basis of preceding transactions. Commonwealth Bonds (all 4 per cents): 1938, £lO2/12/6; 1941, £lO2/16-3; 1944, £lOl/10/-; 1947, £lOl/17/6; 1950, £102; 1953, £lO2/5/-; 1957. £103; 1959, £lOl/7/6; 1961, £lOl/13/9. Bank of New South Wales, £32; Commercial Bank of Sydney, £l7; Colonial Sugar. £57/5/- (ex dividend) £56; Austral Gas A, £6/18/-; Tooths, 35/41; Tooheys, 22/-; Goidsbrough Mort. 27 -; Broken Hill Proprietary, 27/44: British Tobacco, 35/-; Dunlop Perdriau, £l7/10/-.

THE SHARE MARKET. By Telegraph—'Press Association DUNEDIN. November 2. j Sales on ’Change.New Zealand Re- [ frigerating (cont.) 2/9; Okarito 8 1 (3); Alexander 17 '9. Sales reported.—National Bank of Australasia (cont.) £5 lls 6d; Mount Lyell 20/3; Alexander 18 WELLINGTON. November 2. Sales on 'Change.—Wilson’s Cement £1 lls 6d. Sales reported.—lnscribed Stock 54 per cent. September 1937. £IOO ss; do. 51 per cent. 1936 £100; Colonial Sugar £SO; Waihi (ex. div.) 17 10 (late Tuesday). AUCKLAND, November 2. Sales on ’Change.—New Zealand Bends 1936, 54 per cent., £IOO ss; New Zealand Stock 1939 41 per cent. £95 ss; ditto 1927-41 5i per cent., £96 10s; ditto 1936 54 per cent.. £IOO ss; Bank of New Zealand. 45/6; New Zealand Insurance 43/9; National Insurance 14/6; Auckland Gas 21/6; Colonial Sugar £49 ss; Dominion Pictures 11/6: Golden Dawn 5/-; Okarito 8/2 (2); Waihi 17/11 (2). CHRISTCHURCH MARKETS. By Telegraph Press Association. CHRISTCHURCH. November 2. Now that the potato season is practically over there is little interest in the local market. Auckland advice is to the effect that no more Canterbury potatoes will bt? wanted in that centre, as local new potatoes are meeting the demand. Small shipments are going north to Wellington and outports. It is reported that the total stocks in stores in Christchurch and Lyttelton are near 1500 sacks,and possibly this quantity will suffice shipping requirements. The

only country centre understood to be holding potatoes is Ellesmere, but the quantity is not large. Nominal quotations remain the same as last week—£6/5/-, f.0.b., s.i., fo: whites, £7/10/- for Dakotas, and £7/5/* for Sutton’s Supreme. Fowl feed is very scarce, and is quoted at 5/- to 5/1, Lyttelton. The price of pollard has been reduced 10/- a ton as from to-day. and is now £6 a ton large sire, and £6/10/- small. Bran is £4/10/- a ton large size and £3 a ton small. The following are quotations for produce to be paid to farmers, on trucks, free of commission, sacks extra, except where otherwise stated:— Wheat—Wheat Marketing Board's price, Tuscan 4/105, f.o.b; Hunters, 5/01; Pearl, 5/21. Fowl Wheat —5/- to 5/1, f o b., s.e. Oats —A Gartons, 3/-; Bs, 2/9; Algerians, 3/-. Potatoes—Whites £4/15/- to £5. Dakotas and Sutton’s Supreme to £5. Partridge Peas—To 6/-. Barley—3/- a bushel. Cocksfoot —Akaroa. 6d: Plains, 4d to sd. Perennial Ryegrass—4 - to 4/3. Italian Ryegrass—3 9 to 4/-. Chaff--£3 10/-. Whits Clove-—l/6 to 1/8. Cowgrass—lOd. Bran —£4 a ton for shipping and £5 a ton local. Pollard—£3 a ton for shipping, £6 10/- local. Flour—£l3/12/-, with the usual increments for smaller packings. STOCK EXCHANGE HOLIDAY. Eritish Official Wireless RUGBY. November 1. The Stock Exchange observed November 1 as a holiday. PRICE OF PRECIOUS METALS.

United Press Association—By Electric Telegraph -Copyright LONDON. November 1. The price of gold is 125/5> per standard ounce. Silver —Spot 18 3-16 d, forward 18Id per standard ounce. FOREIGN EXCHANGES. British Official Wireless RUGBY, November 1. The following are the current rates of exchange:— Par. Paris, fr. to £1 .. . . 124.21 84 1-16 New York, dol. to £1 4.886 3.30* Montreal, dol. to £1 4.886 3.64 Brussels, belgas to £1 35 23.74^ Geneva, fl. to £1 . . 25.2215 17.12 Amsterdam, fl. to £1 12.107 8.21 Milan, lire to £1 . . 93.43 64 9-16 Berlin, reich to £1 20.43 13.891 Stockholm, kr. to £1 18.159 19 3-32 Copenhagen, kr to £1 18.159 19.7-32 Oslo, kr. to £1 . . . . 18.159 191 Vienna, schgs. to £1 34.585 28 Prague, kr. to £1 .. 164.25 111* Helsingfors, marks to £1 193.24 230 Warsaw, zylots to £1 43.38 30.0 Madrid, pesetas to £1 25.2215 40* Lisbon, escudos to £1 110 108 i Athens, drach to £1 375 575 Bucharest, dinars .. 818.6 5571 Belgrade, dinars .. 25.22 2421 Rio de Janeiro, pence to milreis 4.988 51 Buenos Aires, pence to dol 47.577 nom. Monte Video, pence to dol 51 30 (nom.) Batavia (guilder) .. 9.12 8.17 Bombay, d. to rupee 16 18 11-64 Shanghai, d. to tael * 21* Hongkong, d. to dol. * 16 7-16 Yokohama, d. to yen. 24.56 151 * Determined by price of silver. ENGLISH WHEAT QUOTATIONS. United Press Association—By Electric Telegraph—Copyright LONDON. November 1. Wheat cargoes have a quiet tone and unchanged, closing easier on American advices. Parcels are in poor demand and unchanged. London Futures—December 23/2, February 22/8. April 22^7. Liverpool Futures —December 5/11, March 5/oi. SUPPLIES OF TIN. United Press Association—By Electric Telegranh—Copyright LONDON, November 1. The world visible supplies of tin are 46.097 tons; straits carry over 9851 tons, supplies 4912 tons, deliveries 5713 tons.

Buyers Sellers £ s. d £ S. d. N.Z. Govt. Debs.— 4i p.c. Inscr., 1938 96 0 0 — 44 p.c. Inscr., 1939 95 2 6 95 10 0 54 p.c., Inscr., 1937 96 7 6 — 5} p.c. Inscr., 1941 96 0 0 97 10 0 54 p.c. Bonds, 1933 54 p.c. Inscr., and 99 10 0 — Bonds. Feb. and Sept., 1937 . . 100 5 0 — Other Debentures— Tolaga Bay, 6 per cent., 1944 . . . — 100 10 0 Hauraki Plains, 6 p.c., 1962 . . . Ch.’Ch. Drainage, — 100 0 0 54 p.c., 1944 . . 97 0 0 98 12 6 N. Z. Breweries Bonds 1 0 6 — Glaxo, 6f p.c. 1945 N.Z. Refrig., 6* p.c. 75 0 0 82 0 0 1935 89 0 0 94 0 0 Ch.Ch. Gas, 5J p.c., 1934 — 99 15 0 Gisborne Sheep, 64 p.c., 1941 . . . 75 10 0 Banks— Australasia 9 5 0 9 13 0 Comm, of Aust. Comm. of Aust. 0 14 7 0 14 8 (pref.) . . . . 7 1 6 7 7 6 , E. S. and A. . . . 4 9 6 4 13 6

National of A/asia. (£5 paid) . . . 5 9 0 5 13 0 National of N.Z. . 3 18 0 4 1 0 New South Wales 28 5 0 29 0 0 New Zealand . . . New Zealand (“D” 2 5 4 2 5 7 Mort. shares) . 1 9 0 — Union of Aust. . . 7 12 9 7 14 0 Insurance— Mercantile Mutual — 0 19 9 National .... 0 14 4 0 14 6 New Zealand . . . 2 3 4 2 4 0 Standard 2 9 0 — Loan & Agency— Dalgety and Co. 8 1 0 8 12 0 Goldsbrough Mort. United Building 1 3 3 1 4 0 Society .... 0 14 1 0 15 1 Shipping— Huddart Parker . . P. and O. Preferred — 1 9 0 Stock 1 1 0 .— Union (pref.) . . . 1 0 4 — Frozen Meat— Canterbury (pref.) N.Z. Refrigerating 4 10 0 (£1 paid) . . . N.Z. Refrigerating 0 7 7 0 9 0 (10 - paid) . . 0 2 11 0 3 0 Woollens— Kaiapoi (17 - pd.) 0 5 0 — Mosg.el (cum. div.) 7 0 0 — Coal— Westport .... 0 12 7 — Stockton (ord.) 0 0 6 0 0 10 Stockton (pref.) .. 0 1 3 0 2 0 Gas—■ Christchurch . . . Christchurch (10/1 5 0 1 5 3 paid) 0 11 7 0 12 0 Breweries— New Zealand . . . 1 6 7 1 7 2 Staples 1 3 0 1 4 9 Tooths 1 11 0 1 11 9 Miscellaneous— Australian C-lass . 2 0 6 2 1 0 Beath and Co. . . Beath and Co. 1 1 8 1 5 0 (1/- paid) . . . 0 1 3 0 2 3 British Tobacco 1 10 4 1 11 5 Colonial Sugar . . 48 15 0 50 0 0 Dunlop Rubber . . Electrolytic Zinc 0 15 4 0 15 9 (pref.) .... Henry-Jones Co-op. 1 4 7 1 5 6 (cum. div.) . . 1 12 9 1 15 0 Kauri Timber . . 0 11 6 0 12 6 Milburn Lime . . . 1 5 0 — Mount Lyell . . . N.Z. Farmers’ Co-op. t41 p.c. Stock. 1940 and 1 0 1 0 3 1945) 48 10 0 58 0 0 Taranaki Oil . . . Whitcombe and 0 2 0 0 2 3 Tombs .... Wilson’s Cement 2 13 6 2 17 0 (cum. div.) . . Woolworths (N.Z.) 1 11 6 1 14 0 (pref.i . . . . 1 6 0 1 10 0 Mining— Big River .... 0 1 2 0 1 4 Blackwater .... 0 18 9 0 19 9 Cornish Point . . 0 0 2 0 0 31 Consolidated . . . 0 8 3 0 10 3 Gillespie's Beach . 0 0 2 0 0 3 prem. prem. Golden Sands . . . 0 1 6 0 1 101 Alexander (contr.) 0 17 4 0 17 8 Golden Dawn . . 0 4 Hi 0 5 1 King Solomon . . 0 1 91 0 1 101 Mahakipawa . . . Mahakipawa 0 0 31 0 0 4 (pref.) .... 0 0 61 0 0 8 Okarito 0 7 9 0 8 1 Paddy's Point . . 0 4 6 0 6 0 Waihi (ex. div.) . Waihi Grand 0 17 10 0 18 0 Junction . 0 3 4 0 3 5 Waitahu par. 0 0 2 prem.