COMMERCIAL NEWS.

Waikato Times, Volume 102, Issue 17224, 6 October 1927, Page 4

COMMERCIAL NEWS.

WFSTFIELD MARKETS. (Special to Times.) AUCKLAND, Wednesday. Th" New Zealand Loan and Mercantile Agency Company, Ltd., report : B;oi' was penned in large numbers, mostly of good quality, and in consequence values dropped by 2s to 3s per 1001 b. Extra choice ox sold to 30s per 1001 b; choice and prime, 25s to 295; ordinary and plain, 22s to 245; prime young cow and heifer beef, 245-to 265; ordinary cow beef, 20s to 235.

Extra heavy prime steers, £l3 10s to £l4 17: 6d; seven steers from Mr Jas Taylor, Cambridge, averaging £l4 is 6d; .heavy prime, £l2 to £l3 ss; lighter prime, £lO 10s to £ll 17s 6d; light, prime, £9 5s to £lO 7s Gd; unfinished and small, £7 10s to £9 2s 6d; extra heavy prime young cows and heifers, £8 to £9 10s; heavy prime, £7 to £7 17s Gd: lighter, £6 to £6 17s 6d; light cows, £5 to £5 17s Gd; other cows, £3 10s to £4 15s.

Sheep were yarded in less than average, numbers, values being very firm at late values. Heavy prime wethers, woolly, made £1 16s to £1 18s: -horn. £1 8s 6d to £1 10s; medium prime woolly, £1 .14s to £1 15s 9d; shorn, £1 7s to £1 8s 3d; light prime woolly. £1 12s 6d to £1 13s 9d; shorn. £1 5s to £1 6s 9d; small and unfinished, woolly, £1 8s to £d 12s 3d; shorn,. £1 2s to £1 3s 9d; heavy prime ewes, woolly, £1 12s to £1 14s 6d; medium prime, £1 8s 3d to £i lis 6d; light prime, £1 6s to £1 8s; sfcorn ewes, 15s to £l. Lambs were penned in average numbers. Competition was very keen and high values ruled. Heavy prime made £1 13s 3d to £1 15s 9d; medium prime, £1 10s to £1 13s; light prime, £1 3s to £1 9s.

Pigs were penned in average numbers and values firmed on late quotations. Choppers sold at £2 10s to £i)

ss; heavy and medium baconers, £3 6s to £3 12s; light baconers and heavy porkers, £2 16s to £3 4s; medium porkers and light pokers, £2 8s to £2 14s; small and unfinished porkers, £2 2s to £2 6s. Store pigs sold at late quotations. Large stores made £1 16s to £2; slips, £1 Ss to £1 14s; weaners, 18s to £1 'los. Calves were penned in average numbers, and were easier in value on late quotations. Runners made £3 10s to £6; heavy vealers, £3 8s to £3 18s; medium, £2 18s to £3 Gs; light, £2 8s to £2 16s; smaller, £1 18s to £2 6s; small and -fresh-dropped, 6s* to £1 16s; rough calves, 12s to £1- 10s.

NEW YORK STOCK MARKET.

RECORDS BROKEN. (Australian and N.Z. Cable Assn.) NEW YORK, October 4. The stock market transactions broke records for the year, totalling 3,147,000 shares, 500,000 of which were General Motors, new stock which was the most active issue in the list. The total was spread over a rising market. In the morning there was a drastic decline and in the afternoon, the whole market broke under selling, but the trading was spread out and the tickers were able to keep pace with the fifteen minutes' market. United States steel sustained the heaviest losses, namely three points. At the close of the day General Motors old stock were off 4J and the new 1 5-8.

Expert opinion is divided regarding the permanence of the break, the general belief being that it is a reaction and only a technical correction which probably will be soon eliminated.