COMMERCIAL FINANCE AND MARKETS.

Star (Christchurch), Issue 19036, 3 April 1930, Page 9

COMMERCIAL FINANCE AND MARKETS.

PRICES BETTER AT ADDINGTON MARKET. GOOD INQUIRY WAS MADE FOR YOUNG STORE SHEEP. Except for fat lambs and fat sbeep ; there was a much better tone at yesterday’s sale at Addington than there has been for some time. Beef, owing to a short yarding, increased in price up to £l. although the entry was very mixed. There was a good, demand for the better sorts of the small yarding of store lambs, and for store sheep, especially" young ones, there was a consistent demand. Store sheep included lines from the .North Island and the Chatham Islands, and among them were some very good pens. Fat lambs about retained last week s rates, although. if anything, the market was inclined to be a shade weaker. Fat sheep held late rates, the yarding being smaller than that of last week. Values were as follows:FAT- CATTLE. Extra heavy prime steers, to £2O 12s prime steers, £l6 to £IS 10s. Medium-weight prime steers, £l3 10s to £lO ios. , Ordinary steers, £lO to £L. Light steers, £7 10s to £9 10s. Extra prime heifers to £l3 12s 6d. Prime heifers,. £ll to £l3. Ordinary heifers, £8 10s to £lO 10b. Light heifers, £6 10s to £B. Extra prime cows, to £ls 12s 6d. Prime mows. £lO 10s to £l2 10s. Medium cows, £8 to £lO. Light and aged, £5 5s to £7 10s. VEALEES. Best vealers £8 18s 6d. Good runners £5 5s to £6 ss. Medium runners £4 to £5. Small runners £2 to £3 10s. Inferior runners 10s to 30s. DAIRY CATTLE. Best second and third cal vers to £l6 Good sorts £ll 10s to £l6. Medium £9 to £ll. Aged and inferior £4 to £B- - heifers £l2 to £l4 15s. Medium £lO to £ll. Others £7 to £9. FAT SHEEP. Extra prime wethers to 31s lOd. Prime wethers 26s 6d to 28s 6d. Medium wethers 23s 6d to 265. Light wethers 19s to 235. Show ewes 28s lOd. Extra prime ewes to 22s 6d. Prime ewes 18s 6d to 20s. Medium ewes 15s 6d to ISs. Light and aged 11s to 14s 6d. STORE SHEEP. Medium to good two-tooth Romney ewes, 25s 6d to 2Ss.6d. Ordinary two-tooth Romney ewes, 21s to 245. , _ Medium four and six-tooth Romney ewes, 23s to 255. Good four, six and eight-tooth Romney ewes, to 28s. Ordinary four, six and eight-tooth Romney ewes, to 20s 6d. Good s.m. Romney ew6s, 18s 6d to 19s 6d. Ordinary s.m. Romney ewes, 16s to 17s 6d. Ordinary two-tooth tnree-quarter-bred ewes, to 21s 6d. Ordinary four and six-tooth three-quarter-bred ewes, 18s to 20s 6d. S.M. three-quarter-bred ewes, 13s to 16s. Four, six and eight-tooth three-quar-ter-bred ewes, 10s 3d to 17s 9d. Aged and backward three-quarter-bred Ordinary two-tooth half-bred ewes, 20s to 21s 3d. Medium four, six and eight-tooth halfbred ewes, to ISs 3d. Ordinary four, six and eight-tooth half-bred ewes, 15s to 17s. S.BM. half-bred ewes, 12s to 14s. Aged and backward half-bred ewes, 6s 6d to tils. Extra good four, six and eight-tooth Romney wethers, 20s to 23s 9d. Medium four, six and eiglit-tooth three-quarter-bred wethers, 15s to 16s 6d. Ordinary four-tooth half-bred wethers, to 15 s. FAT LAMBS. Extra prime lambs to 27s 7d. Prime lambs 24s 6d to 26s 6d. Medium lambs 21s to 23s 6d. Light lambs 17s to 20s. STORE LAMBS. Best rape lambs 14s 6d to 15s <d. Ordinary rape lambs 12s to 14s. Medium m.s. lambs 10s 6d to 13s. »'ull lambs 5s to Bs. Best ewe lambs 13s to 15s ~d. Ordinary ewe lambs 11s to 12s 6d. Backward wether lambs to 7s. PIGS. Choppers, £2 to £6 13s Gd. Porkers, 44s to 52s 6d". Heavy porkers, 54s to £3. Average price per lb, 7id to Sid. Ra. oners. £3 Ss 6d to £4. Heavy baconers. £4 2s 6d to 15. Extra heavy baconers, to £5 J4s fidAyerage price per lb, Gd to 7d. Large stores, 4Us to 475. Medium stores, 32s to 38s. Small stores, 27s to 31s. Slips, 24s to 265. Weaners, 20s to 23s 6d. LONDON WOOL SALES. (Unfeed Press Ae.-n.-By Eiee-rt* ■ -V: by right > (Recei\ed A pril 3. 12.30 p.m. > LONDON, April 2. 4* the wo o! sales, 7457 bales were ■ ifered, including 3477 New Zealand. Approximately 5840 wbre sold. There \va» ’lmlted selection of greafsy Merinos and » splendid offering of greasy crossbreds for which there was brisk competition Prices were firmly maintam-V-vr Zealand greasy cross-breds —“Te *d.

! Whara” made lOd best price, and 9|d average; “Ranui” 10-id best price, Ogd , average: “Heart” 102 d best price, IOJd j average; chief clip, HL/W, up to 12£d. . Finest half-bred slipe lambs, loScl. TALLOW SALES. (United Press Assn. —By Electric Telegraph—Copyright.) (Received April 3, 12.30 p.m.) . LONDON, April 2. At the tallow sales, 716 casks were offered and 133 sold. Fine mutton declined 2s, and other descriptions 6d. Quotations: Mutton, fine 38s, medium 33s 6d. Beef, fine 40s, medium 33s 6d. - STOCK. EXCHANGE. 3 r CHRISTCHURCH. - 1 Following are to=day’s quotations:—

Sales on 'Change.—Aust. Bank of Commerce, 25s 3d; National Bank of Australasia f£lo paid), £ls; British Tobacco, 41s 6d. Sales Reported.—British Tobacco, 41 s Gd. Number of Shares. 150 Aust. Bank of Commerce. 15 V atlonitl of Australasia (£lO pd.). 200 British Tobacco. AUCKLAND BUSINESS. (Special to the “ Star.”) AUCKLAND, April 3. Following a fairly busy afternoon day, business was quiet on the

Stock Exchange this morning. There were no sales in the room, and only one was reported. This was a sale of inscribed Loan, 1936, 52 per cent, at £99 15s. In the main, banks were steady, though Commercials of Australia showed an easing tendency. Buyers have fallen 3d on yesterday’s quotations, while sellers remain steady. me ni..i sale of New Zealand Breweries since these shares were piloted div. was finalised yesterday at £2 11s Jd. means that the dividend payable is considerably increased from approximately £3 13s 2d to £5 16s. free of income-tax. Loans show a tendency to firm up, and buyers this morning in the war loan section are prepared to give £97 10s which is an advance of 2s 6d on recent quotes. ~ Business was a little brisker on the Stock Exchange this afternoon. Two sales took place in the room and one was reported. A sale of Coldsbrougn Mort. was 2*d in advance of the last transaction, while a second sale in the room of Bank of New South Wales was at £39, on a level with the previous sale. After a long period in which sellers only were quoting, buyers ot Westport-Stockton came forward at is. Considerable interest was shown m Mount Lyells and buyers have advanced their limits 4d on yesterday, while sellers have come down 3d to meet them. Loans are still moving up and there was a sale reported at £9< Ids. same stock of War issue 1939 4j PH cent has buyers at £97 12s fid, a fuithter advance of 2s Gd on this morning’s bidding. OTHER EXCHANGES. Per Press Association. WELLINGTON ,April 3. Sales reported.—Commercial Bank of Australia (ord.), 225; Goldsbrough Mort. 325; New Zealand Breweries <ex div. and distr.), 51 s fid. „ AUCKLAND, April o. Sales—Goldsborough Mort., 32s 3d; New Zealand War Loan. per cent, 1939, £97 15s; New Zealand Inscribed Stock, 5£ per cent, 393 6. £99 ss; Bank of New South Wales, £39.

Sellers. £ d. £ d. L N.Z. GOVT. STOCK 5£ p.c. Inscr., 1933 97 101 0 0 OTHER DEBENTURES Bay of _ Plenty 100 0 0 Rotorua, Borough. 103 0 6 p.c., 1961 Christchurch City, 51 p.c.. 1935 . . Springs Ellesmere 100 0 99 5i p.c.. 1933 . . North Canterbury 99 1932 . - 0 Aust. of Comm. . . 1 5 1 1 5 4 Australasia (cum Comm. of Aust. 1 1 11 1 2 0 Comm, of Sydney E., S. and A 0 15 (£10 paid) Natl. of A'asia (£5 paid) .... 15 7 10 0 7 15 0 National of New New South Wales 39 2 f, 39 5 0 17 12 Union of Aust. .. 12 4 0 3 New Zealand .... 7 LOAN AND AGENCY— Goldsbrough. Mort. N.Z. Guarantee Corporation .... 1 12 2 0 7 10 0 S 14 0 SHIPPING— Huddart - Parker 1 14 ferred Stock . . Union (pref.) .... FROZEN MEAT— Canterbury N.Z. Refrig. (10s 11 5 North Canterbury WOOLLENS Kaiapoi (17s pd.) 0 10 0 0 11 6 Kaiapoi (7s paid) COAL— Grey Valley .... U J 1 4 0 1 0 8 W estport J 1 1U r 6 1 3 9 1 4 6 BREWERIES— 17 18 4 12 0 15 3 Timaru (5s pd.) 0 7 White Star .... MISCELLANEOUSAmalgamated Wireless (contr.) 1 1 17 0 1 4 0 0 Australian Iron 2 and Steel (pref) 6 Beath and Co. . - Beath and Co. (Is British Tobacco . . Canty. Farmers' 2 1 y 1 15 Co-op. (Timaru) Canty. Farmers’ (“A” Canty. Farmers’ Co-op. (Timaru' ** U 0 15 0 Canty. Farmers Co-op. (Timaru) • “B” pref.) Colonial Sugar . . 1*. T.C. (10s paid) Dunlop Perdriau 17 8 10 Electrolytic Zinc 0 8 Holden’s Motors . Hume Pipe < Aust. ) 0 13 0 0 10 0 Kauri Timber Mount Lyell .... N.Z. Farmers’ Co1 op. (10s paid) 0 N.Z. Farmers’ Coop. (“A” pref.) N.Z. Farmers’ Co2 10 0 op. 6£ per cent S7 0 0 Quill, Morris .... 0 12 0 Wilson’s Cement . 1 17 9 1 19 Wunderlich .... MINING— 1 1 4 0 16 0 Mahakipawa .... Okarito 0 1 5 2 0 (pren Stoney Creek (6d Winding Creek (6d paid) .... Cornish Point (Is 0 0 paid) Cornish Point 9d 0 0 7 0 1 piId) 0 0