Finance and Commerce

Timaru Herald, Volume CXLII, Issue 20607, 22 December 1936, Page 16

Finance and Commerce

TEMUKA STOCK SALE KEEN MARKET 2000 FAT LAMBS YARDED The sale held yesterday at Temuka was the last in the district for the 1936 season. In keeping with the late sales the market was a splendid one all round. Fat Cattle. An offering of more than 100 head met with strong competition from butchers. Included in the entry was some very prime heifers. The range was:—

THE EXCHANGES British Official Wireless RUGBY, December 19. Exchange quotations: Dollar 4.91 to the pound; franc 105 11-64 to the pound.

CHRISTCHURCH STOCK EXCHANGE AFTERNOON QUOTATIONS Special to "The Timaru Herald" CHRISTCHURCH, December 21. The following quotations were ruling when the Stock Exchange closed for the day:—

ORANGES AND BANANAS A CONSIGNMENT OF 3000 By Telegraph—Press Association AUCKLAND, December 21. A consignment of 3000 cases of bananas arrived from Fiji by the Niagara, which also brought 1000 cases of Californian oranges sent by land to Vancouver owing to the impossibility of shipping them from Los Angeles or San Francisco through the Pacific Coast strike.

Fat cows— Best £6/7 6 to £7/17/6 Medium .. £4/17 6 to £5/12/6 Fat heifers— Best £8/7 6 to £10/ 7/6 Medium .. £5/12 6 to £6/ 7/6 Fat steers— Best £10 to £11/17/6 Medium .. £8 to £9 Light .. .. £6/ 7 6 to £7 Runners to £6/12/6 Vealers to £3/ 2/6 Cow and runner £7/ 2 6 Store and Dairy Cattle The offering of store and dairy cattle was the smallest for months. No change can be reported in either section. Sales were:— Bulls to £3/ 2/6 Empty cows to £5/ 2/6 Yearling steers . to £2/17/6 Cows in profit .. to £6/ 2/6 Fat Lambs. The 2000 fat lambs entered were of excellent quality. All exporters were operating and bidding was buoyant, the market being fully the equal of the other lamb sales so far held this season. The range was :— Fat lambs (best) .. .. 27/- to 31/1 Fat Iambs (medium) .. 24/7 to 26/7 Fat Sheep. One and a half races of fat sheep sold on a par to slightly ahead of the Pleasant Point sale. Large entries of fat sheep have not come forward lately. Prices were Fat wethers (in wool) 32/- to 38/6 Fat ewes (in wool) .... 26/- to 32/6 Fat wethers (shorn) .. 24/- to 26/10 Fat ewes (shorn) .. .. 20/- to 24/Pigs. The offering was smaller than was the case at the last market. Values were the equal of late rates. Sales were:— Weaners 16/- to 22/Slips 20/- to 25/Stores 25/- to 28/Porkers 38/- to 45/Baconers 65/- to 72/6 Store Sheep. Only three pens were forward. Sales were:— Aged shorn wethers 8/- to 12/1 Aged ewes and lambs .. 15/1

Buyers. Sellers. £ s. d. £ s. d N.Z. Govt. Stock3J p.c., 15/3/39-43 — 101 12 6 p.C., 15/9/39-43 — 101 15 0 3B p.c., 15/11/38-52 — 102 0 0 4 p.c. Inscr., 194346 102 5 0 — 4 p.c. Inscr., 194649 101 12 6 — 4 p.c. Inscr., 195255 101 10 0 — 4 p.c. Bonds. 194346 102 7 8 102 15 0 4 p.c. Bonds. 194649 101 15 0 — 4 p.c. Bonds, 195255 101 15 0 — Banks— Comm, of Aust. . 0 19 1 0 19 2 Comm, of Aust. (pref.) .... 9 1 0 — New South Wales 34 5 0 — New Zealand . . . 2 0 6 2 2 0 Union 10 3 0 10 7 6 Insurance— National 0 18 2 0 18 4 South British . . 4 13 3 — Standard — 3 0 0 Loan & Agency— Dalgety 10 12 6 — Goldsbrough Mort. 1 15 3 1 16 0 N.Z. Guarantee Corporation . . 0 5 2 — N.Z. Loan & Merc. (ord.) 34 10 0 36 0 0 United Building . — 1 0 0 Shipping— P. and O. Deferred Stock — 1 18 9 Frozen Meat— N.Z. Refrigerating (10/- paid) . . 0 9 5 0 9 7 North Canterbury 1 16 0 1 19 0 Woollens— Wellington .... — 6 5 0 Kaiapoi (17/- pd) 0 14 0 — Kaiapoi (7/- paid) 0 5 0 — Kaiapoi (pref.) . . — 0 17 9 Oamaru .... — 1 1 9 Coal— Westport 1 1 3 — Westport Stockton 0 1 6 0 1 9 Westport Stockton (pref.) .... 0 3 3 0 3 8 Gas— Christchurch . . . — 1 8 0 Christchurch (10/paid) — 0 13 6 Breweries— New Zealand . . . 2 13 10 2 15 0 Miscellaneous— i Aust. Iron & Steel (pref.) — 1 6 0 Br. Tobacco (cum div.) 2 7 5 2 9 11 Broken Hill Pty .. 4 1 6 4 2 1 Broken Hill Pty. (contrib.) . . . 3 9 6 3 10 3 Burns, Philp . . . 3 13 0 — Cons. Brick .... — 0 11 0 D.I.C. (10/- paid! — 0 15 10 Dominion Builders’ Supplies .... 0 3 6 0 4 6 Dunlop Rubber 0 17 6 0 17 8 Electrolytic Zinc (ord.) 2 9 8 2 9 11 Electrolytic Zinc (pref.) 2 11 8 2 11 11 Evans Atlas Flour — 1 2 6 G. J. Coles (cum div.) 4 8 9 — Howard Smith . . 1 2 6 — Hume Pipe (Aust.) 1 0 3 1 0 9 Kauri Timber . . 1 3 0 1 8 6 N.Z. Drug Co. . . . 3 15 0 — N.Z. F a r m e r s’ Co-op — 0 1 0 N.Z. F a r m e r s’ Co-op <44 p.c. Stock, 1939) . . — 94 0 0 Quill Morris (1936) 0 17 9 — Shillings, Ltd. . . . 1 0 9 1 1 3 Urlwin’s Ltd. (pf.) — 1 3 0 Whitcombe and Tombs — 3 : o Woolworths (N.Z.) ord 6 3 0 6 8 0 Woolworths (N.Z.) pref — 1 17 6 Robinson’s .... — 1 1 3 Mining— Alexander (15s paid, c. div.) . . — 0 16 6 Argo 0 1 8i — Gillespie’s Beach . 0 1 4 0 1 6 Maerewhenua . . 0 0 2 — Maori Gully . . . 0 0 6 0 0 7* Nemona .... 0 1 7 0 1 8 Skippers 0 0 3i 0 0 31 Waimumu 0 0 3 0 0 9 Worksop 0 1 8 0 1 9 Australian Mining— Mount Lyell . . . 1 17 0 1 17 8 Unlisted AU transactions in stocks quoted in this section are subject to a different rate of brokerage from Listed Stocks. and are not quoted on the Official List:— £ s. J. £ s. d. Ballins Breweries . 0 8 0 — Ch.Ch. Press . . . — 8 15 0 Woolworths Ltd. . 7 9 0 7 18 0 Woolworths (West Aust.) . . > . . 6 13 0 6 15 0