ADDINGTON

Timaru Herald, Volume CXLIII, Issue 20928, 6 January 1938, Page 14

ADDINGTON

SMALLER ENTRIES IMPROVED PRICES By Telegraph—Press Association CHRISTCHURCH. January 5. Smaller entries were the rule at today’s Addington market and improved prices resulted. — Store Sheep Mostly lambs were penned and these and young wethers sold at an advance of 1 6 on last sale. Values were.—

Fat Lambs There was a much smaller entry and a steady sale at export values, or from 8d to Bld per lb. Fat Sheep There was a small penning of 3600 head and a strong sale, values all round being up by 1 6 for wethers and a little more for ewes. Exporters

Fat Cattle The entry wa.s 430 and had an improved sale by 10/- a head. Best beef made to 40 - per 1001 b. good 36 - to 39 -. medium 32 6 to 35 -. and rough down to 26. -. Values were.—

Fat Pigs There was a slight easing in value for both porkers and baconers. Value were.—

Store Pigs There was a full yarding and a good sale at the following prices.—

AUSTRALIAN STOCK EXCHANGES United Press Association—By Electric Telegraph—Copyright (Received January 5, 9.10 p.m.) SYDNEY. January 5. Investors had not shaken off the holiday feeling when the Stock Exchange reopened to-day. with a result that the turnover was restricted, being confined to a few front rank issues, the prices of which showed little variation compared with the end of last year. However, there was a firm undertone, with the exception of Barriers, which were lower. Sales were:—

Melbourne Exchange The Stock Exchange market opened very quietly with quotations showing little change except Barriers, which were easier. Sales:—

FOR SALE - CLOSE TO b/A ?icu resque Bungalow ot six large rooms (double brick* m perfeci Older High and -unny Glorious section ‘ying to sun. nicely laid out i. shrubs, etc. Govt, valuatioi ’•850 Price for quick sale £1450 See this. A GIF! AT £425 Hai.dy to town. Gooo six -roomer wooden house. Every conv. Gooo section and garden. Why p*y rent 9 We can finance this property « £3d DEPOSIT IPa'- r ‘ce Ren 1 will buy good wooden house close to West School. Evers genv. Good section I £56 DEPOSIT buy choice wooden residcn_. of 4 large rooms, large pantry, etc eve* modern .conv. PRICE £CSO j m g. McLeod. Licensed Land Agent. 191 Stafford St., Timaru r •-’hone 87.

BURNSIDE SALE GOOD COMPETITION VALUES IMPROVE By Telegraph—Press Association DUNEDIN. January 5. Though there was little good quality offering in the fat cattle section at Burnside to-day. the supply was short, only 240 head coming forward, and in keen competition recent values were maintained. Only a few prime heavy j cattle were submitted. At the com- : mencement bullocks met a good mar- j ket. but were easier later. Values ,■

Store Cattle There was keen competition for store j cattle, which were in extremely short I supply. Values were: £ s. d. £ s. d. I Bullocks — 4-year-old .. to 815 0 j 3-year-old .. to 7 18 0; Boner cows sold at late rates. There j was a good inquiry for good young dairy cows, but others were not wanted. Fat Sheep The offering of fat sheep totalled 1231, including only a small proportion of choice heavy wethers and ewes. Keen competition ruled at the start and heavy sheep commanded attention throughout. Values were:—

CONTINENTAL WHEAT PRICES United Press Association—By Electric Telegraph—Copyright LONDON. Januarj’ 4. Antwerp futures are easy; March, | May and July 24id. LONDON SHARE QUOTATIONS United Press A? 'ciatlon-Bv Electric Telegraph—Copyright LONDON. January 4. Dalgety and Co. 4 per cent. £9B 10 -. British Tobacco 38 6; Goldsbrough • Mort. 25 3; Dalgetys 137 6; P. and O.; Deferred 22/-.

OSLO BANK RATE REDUCED Uniteo Press Association B;. u.ei inc i Telegraph—Copvright . f | (Received January 5. 6.30 p.m.) OSLO. January 4. i The bank rate has been reduced from 4 to 34 per cent.

MINING NEWS tiy telegraph —Press Association GREYMOUTH. January 5 The Barrytown dredge return for December was 581 oz. of gold for 381 hours' work. By Telegraph—Press Association DUNEDIN. January 5. The Molyneux Gold Dredging Company announces that for the four weeks ended January 1. working time, owing to the removal ol the dredge and the cessation of operations for the holidays, amounted to only 118 hours, and the recovery totalled 21 oz.

BRADFORD TOPS Dulled Press Association— By Electric Telegraph-Copyright LONDON. January 3 The Bradford market is quiet, with an easier tendency.

NEW CAPITAL ISSUES INCREASE IN AUSTRALIA Reflecting increased industrial activity and favourable conditions in j ustralia lor the profitable employment of capital, new capital issues, both in number and amount, showed a striking advance last year. New share issues raised by companies listed on the Sydney Stock Exchange represented £7.700.000. This increase is from £2.800,000 in 1936 and £4,400,000 in 1935. and the total of £6,750,000 for 1929 has been exceeded for the first time since the depression. The number of companies whose expanding operations called for larger c - pital this year was 42. against 30 last year. They embraced a wide range of concerns, including engineering, building and construction, retail and chain stores, retail finance, brewery, gas and electricity, textile manufacturing and transport

£ s. d. £ s. d. Lambs 1 0 Oto 1 1 6 Ewes and lambs to 0 16 3

bought light weights freely. £ s. ci. r c d. Best wethers .. 1 12 0 to 1 15 0 Tops to 1 16 6 Good 19 0 to 1 11 6 Inferior down .. to 1 4 0 Best ewes .. .. 1 4 0 to 1 6 6 Tops to 1 8 0 to 1 3 6 Export to 0 19 0

£ s. d. £ s. d. Best steers .. . to 17 7 6 Good prime .. ..14 0 0 to 16 0 0 Medium .. .. ..12 0 0 to 13 10 0 Light, down .. . to 10 0 0 Best heifers .. ..10 0 0 to 12 17 6 Best cows ..9 0 0 to 11 17 6 Average sorts ..80 0 to 9 15 0

£ s. d. £ s. d. Porkers . . 1 10 6 to 2 17 6 Average per lb 6d to 6Ld. Baconers . 2 13 0 to 4 8 6 Average per lb 5 : ]d to 6 Id.

£ s. d. £ s. d. Weaners .. . . .. 0 15 0 to 1 3 0 Slips . .. 14 0 to 1 6 0 Stores .. .. ..18 0 to 1 15 6

Bank of New South Wales 33 5 0 i Comm. Banking of Sydney 20 13 0 1 Associated News 1 ■ > 6 1 (pref.) 1 4 IL Adelaide Steam 1 12 9 Howard Smith 1 1 9 Bums Philp (South Sea) .. 1 8 0 Australian Gas <A. old) .. 7 8 0 British Tobacco 'ex div.) . o 11 3 Tooths 15 6 Toohevs 1 13 6 1 Australian Glass 4 14 3 Dunlop Perdriau 1 3 0 • pref.) 1 17 3 Kandos 9 Mort’s Dock 0 10 6 Cash Orders Amalgamated 0 15 9 Felt and Textiles (new, pd) 1 1’ 6 W. R. Carpenter 2 7 0 Gordon and Gotch 13 0 Mark Foy 1 4 6 Winchcombe Carson .. .. 1 13 0 Wilcox Mofflin 0 11 3 Standard Cement 0 17 6 Edwards Dunlop (ex div.) 7 0 Wool worths 1 0 0 Electrolytic Zinc • 1 0 Mt. Morgan 0 11 0 Mt. Lyell 1 10 6 Broken Hill Propty 3 0 North Broken Hill •> 11 3 South Broken Hill 1 15 6 Rawang Tin 0 10 Larut 14 6 Tonkah Harbour 0 18 0

Coles Australian Glass 4 5 4 14 6 0 Dunlop Perdriau .. .. 13 Electrolytic Zinc .. 2 7 6 (pref ) 2 10 0 Mt Morgan 0 11 Mt. Lyell .. 1 10 9 Broken Hill Propty. .. 3 5 0 North Broken Hill .. .. 2 11 6 South Broken Hill .. 1 15 0 Emperor 0 12 11 Loloma 0 17 6

were:— £ s. d • s. d. Bullocks— Extra prime .. to 21 ■' 6 Prime 16 17 6 ■ o 18 1 6 Medium 11 17 6 to 13 17 6 Light, down .. to 9 ■' 6 Cows and heifers— Extra prime .. to 11 12 6 Prime 9 12 6 to in 12 6 Medium .. .. 7 17 6 to 8 12 6 Light, down .. to 5 12 6

Wethers — Extra prime .. .. to 39 3 Prime heavy .. • • .. 33 - to 33 6 Medium .. 28 6 to 32 3 Light, down .. .. Young ewes — to 21 9 Extra prime .. .. to 31 6 Extra prime ewes .. to 29,3 Prime heavy .. .. .. 24 6 to 26 6 Medium .. 18 6 to 22 9 Light, down to 13 6 Fat Lamb There was an cnti y of 638. mainly of medium quality. Values w r ere:— Prime heavy to 28 9 Prime 26 - to 27 3 Medium 22 - to 23 9 Light, down .. .. to 19 9 Pigs There was a good sold as follows: — offering which '■ s. d. £ s. d. Prime baconers to 4 9 0 Porkers to 3 18 0 Medium porkers 2 10 0 to 3 0 0 Slips to 1 15 0 Good suckers .. 0 18 0 to 1 7 6