Farming and Finance

Manawatu Times, Volume LIV, Issue 7287, 14 October 1933, Page 8

Farming and Finance

STOCK AND SHARE MARKET FRIDAY, OCTOBER 13, 1933. Wellington Stock Exchange. Morning- Call. Buyers. Sellers. £ s. d. £ s. d.

CHRISTCHURCH SALES. Per Press Association. CHRISTCHURCH, Last Night. Sales on ’Change: National Bank of New Zealand, £4 4s 9d; Union Bank of Aust., £lO Gs; Goldsbrough, Mort., 295; New Zealand Guarantee Corporation (cum. div.), Ss 2d; New Zealand Refrigerating (10s paid), 8s 9d (2), Ss lOd; ICaiapoi AVoollcns (7s paid), Is 3d New Zealand Breweries, 37s Gd; Bcath and Co. (Is paid), Gs; Dunlop Rubber, 19s Id; Howard Smith, 15s, 14s 7d, 14s Sd; Bell Hooper-(9d paid). Is Id (5); Big River, Is .Gd; Nokomai, 3s 2d {o), Ss

lid; D. Nevis Diesel Electric (9d paid), Sid; Okarito, 10s 7d; Oxenbridgc, Shotover (9d paid), Old; Waitalni, 7s Id, 7s (2), 7s. Sales reported: New Zealand Government, 4 per cent, inscribed, 1949, £lO2 10s; Comm. Bank of Aust., IGs lOd; Bank of New South Wales, £3 7s Gd; Dalgcty and Co., £11; Canterbury Frozen Meat, £10; New Zealand Refrigerating (10s paid), 9s; New Zealand Breweries, 37s 9d. FEILDING STOCK SALE CATTLE FAIR VALUES. YOUNG CATTLE SELL WELL. Over 3000 head of cattle came forward for the annual cattle fair at Fcilding yesterday, the event attracting widespread interest and drawing to the town a large number of visiting farmers from all parts of the province as well as from the lving Country. Generally speaking, the offering came forward in good condition, the younger stock being perhaps the more attractive in this respect. The sale opened with an atmosphere of hesitancy among operators who were obviously holding back to feel the market. The older cattle came under the hammer iirst and the early sales established that values for these were slightly easier than those prevailing a fortnight back. With this adjustment the sale progressed steadily with the market quite strong. When the younger stock were offered, interest quickened and there was a definite appreciation in values with yearling P.A. steers to £3 7s (id. Ail young stock experienced a keen market and the fair demonstrated a very healthy enquiry for good cattle. Fat sheep were yarded in limited numbers when values lirmed for heavyweights. In the store sheep pens good 2-th ; s. experienced a good sale with prices for young ewes hardening. Fat cattle and dairy lines were at bite rates.

The following arc the quotations:— Fat sheep: Wethers, 17s (id, 25s 4d, 2(is (id to 27s 9d; ewes, 13s, 13s (id, 14s, 14s 4d, 14s 5(1, 14s 9d, 14s 10s, 15s, 15s 4d, 15s (id, Ids (id, 17s, 18s Id, ISs sd, 19s, ,19s. 3d, 19s Gd, 20s Gd to 2.1 s Gd; hoggets, 15s 9d, IGs 9d, IGs lOd, 17s, I7s 3d, 19s, 19s 3d, 19s Gd to 21s. Fat cattle: Heifers, £3 10s, £4 2s to £5 2s; cows, £2, £2 ss, £2 7s Gd, £2 9s, £2 12s, £2 15s, £3, £3 Gs, £3 7s Gd, £3 14s, £4 7s Gd £4 17s to £5 ss; bullocks, £G ss, £7 4s to £7 Gs. Store sheep: 2-th. wethers, 13s Gd, 14s Id, 15s -Id, IGs, IGs 2d, IGs 7d to 17s 9d; ewes in lamb, 17s Gd; mixed 2-th’s., 13s 7d; 2-th. ewes, 14s, 19s 9d ,21s 9d to 22s Id; b.f. 2-th’s., 11s. Store cattle: 4-yr. mixed coloured bullocks, £3 17s, £3 395, £4 Is, £4 13s, £4 14s, £4 IGs to £5 3s; 4-yr. P.A. bullocks, £4 13s, £-1 I ts, £4 IGs, £4 ISs to £5 13s; 3-yr. I’.A. bullocks, £4, £4 5s to £-4 IGs; 2-yr. steers, £2 I.ls, £3, £3 Is to £3 14s; steers, £3 14s, £3 15s to £4 2s Gd; 2-yr. P.A. steers, £3 Ss, £3 9s to £3 13s; yearling P.A. steers, £3 to £3 7s Gd; empty heifers, 32s Gd; 3-yr. P.A. heifers, £3 Is; mixed coloured cows, £3 3s; yearling P.A. heifers, £2; P.A. heifers, r.w. P.A. bull, £3 to £3 IGs; empty cows, 255, 28s, 29s to 345; l’.A. Cross heifers, £2 13s; yearling steers, 2Gs, 3Gs, £2 ss, £2 17s, £3 3s, £3 Gs to £3 11s; cows and heifers, 3Ss; 3-yr. Hereford bullocks, £-4 3s Gd; l’.A. cows, r.w. l’.A. bull, £3 IGs; Hereford heifers, £2 0s Gd, £2 12s, £3 Is to £3 15s; Hereford steers, £3 Is; 2-yr. heifers, £2 12s to £2 14s; yearling Jersey heifers, 295, 30s, 335, £2 3s, £2 Gs, £2 14s, £2 15s, £3 to £4; Hereford bullocks, £4 ss; P.A. empty heifers, £2 Gs, £2 10s, £2 12s, £2 I9s, £3 5s to £3 10s; l’.A. empty cows, £2 19s to £3 10s.

Dairy stock: Springing heifers, £2 7s Gd, £2 “17s, £3 17s Gd, £4 ss. £4 10s, £4 17s Gd, £5, £5 ss, £6, £0 5s to £G 10s; heifers, calved, £1 15s, £2 10s, £2 15s, £3 10s to £4 7s Gd; springing cows, £1 10s, £1 15s, £3 ss, £3 10s, £4 ss, £5 5s to £0; cows, ealaved, 27s Gd to £2 3s. DOLLAR STEADY LONDON, Oct. 12. Exchange on New York is -I.GG} dollars to £l, as yesterday. PRICE OF GOLD LOWER LONDON, Oct. 12. The price of gold is 133 s 3d per oz. line. The price on October 11 was 133 s Gd. DAIRY PRODUCE AT HOME BUTTER STEADY, CHEESE SLOW. LONDON, Oct, 12. The butter market is steady. Danish, 108 s per cwt.; choicest salted New Zealand ,100 s to 102 s; Australian, 99s to 101 s; uiisaltcd New Zealand, lOGs to 1.10 s; Australian, 101 s to 100 s. The cheese market is slow. New Zealand, coloured, 49s per cwt.; white, 5Us. Wheat cargoes are dull. PROSPECTS FOR WOOL UPWARD TREND IN VALUES. LONDON, Oct. 12. The Financial News, reviewing the closing of the London wool scries, states that tno sales have proved the general demand of wool for urgent requirements. Ir. was a considerable achievement for London to clear stocks so advantageously in view of the slight decline noticeable in the Australian markets. The general trade trend appears to be towards a higher level of activity, with wool participating in the general recovery. THE SYDNEY WOOL SALES AVERAGE OF PRICES. .SYDNEY, Oct. 13. _ Average wool prices current in this week’s Sydney auctions were as follows: —Greasy merino fleece, best, to 233 d; light seed or burry skirts, best, lSd to 19d, good I.Gld.to 17jd, average 144 d to 16d; greasy merino burry, best 15d to lOd, inferior lid to 13d; broken and first pieces, burry, 14 Id to 151(1; inferior, 10-ld to llld; bellies light in seed or burr, best to lid, inferior 7d to Sd; locks, best, to Sid. Lambs light in seed or burr, best to lOd, good Ud to 12d, burry 9d to lOd, inferior 4d to 4ld. .Comeback light seed .or burr, good

lGd to 19d; inferior, ll*d to ISJd. Crossbred light, in seed or burr, fino lid to 17d, medium lOd to lid, coarse od to Gd.

N.Z. Govt. Loans— 4 p.c. bonds, 1940 101 5 0 — 4 p.c. bonds, 1940 101 0 0 ■ 4. p.c. bonds, 1949 102 5 0 — -1 p.c. bonds, 1955 101 0 0 — 04 p.c. ins. stk., 1909-43 100 15 0 — 34 p.c. ins. stk., 1939-52 101 0 0 — 34 p.c. ins. stk., 193S-43 100 15 0 34 p.c. ins. stk., 1938-52 101 0 0 — 4 p.c. ins. stk., 1940 101 5 0 — 4 p.c. ins. stk., 1940 100 15 0 — 4 p.c. ins. stk., 1955 101 0 0 — Debentures— Auck. City, 54 p.c., 1214 .... 101 0 0 — Click. City, 54 p.c., 1944 .. .. 101 0 0 — Dunedin City, 54 p.c., 1944 .... 101 5 0 — Wgtn. City, 54 p.c., 1940 .... 101 0 0 — Wgtn. Harb. bird., 54 p.c., 1940 .. 101 0 0 — Waitomo County Council, 1901 .. — 102 10 0 Wairere E.P. Bd., G p.c., Dec. 1, 1901 — .102 10 0 Wgtn. Uas Co. .. 101 0 0 — AVgtn. Racg. Club 95 0 0 — Banks— Comm, of Aust. (ord.) 0 10 9 0 17 1 Nat. of A’asia. (£5) G 1.1 0 — New Zealand -5 7 8 2 s 1 N.Z., D Long Term — i 13 8 Union of Aust. .. — 10 9 0 Financial — Abraham & Williams — 3 0 0 Dalgety and Co. . 10 .17 0 — Uoidsb’gh., Mort. and Co 1 S 9 — Nat. Mort. “A’ 2 10 0 — Nat. Mort. “B” i 7 3 — N.Z. Guar. Corp. (ord.), cum. lights* 0 8 0 — N.Z. Guar. Corp. (prof.), cum. rights* 0 19 9 — N.Z. Invest., Mor. and Dcp 0 3 3 — N.Z. Loan and Merc., ord. stir. — 07 0 U N.Z. and River Plate .. .. .. 1 4 0 — Wgtn. Invest., T. & A. ...... 0 5 0 Wright, StephenSon (prof.) 0 13 0 ■— Gas — Auckland .. .. — 1 3 9 Auckland (cont.) — 0 17 9 Wgtn. (ord.) — 1 14 G Insurance — National of N.Z. 0 18 2 — South British* .. 3 13 9 3 11 0 Meat — Gear Meat (cum. rights) — 1 12 4 N.Z. lie trig. (£1) — 0 19 9 N.Z. ltefrig. (10s) 0 S 9 •— Wgtn. Meat Export (prof.) .. 0 45 G — Transport— lluddart - Parker (ord.) .. .. .. 1 10 0 — Union Steam (pref.) 1 4 G —• Woollen — Wgtn. (ord.) — 5 35 0 Wgtn. (pref.) . — 5 12 u Coal— Westport - Stockton (pref.) 0 1 9 — Timber — National — 0 7 0 Taringamutu Totara 0 2 G — Breweries — N.Z. Breweries .. — .1 IS 3 Staples and Co. ., 1 s 0 1 S 9 Tooth and Co. .. 2 1 G — Miscellaneous —• British Tobacco (Aust.) 1 17 0 1 17 G Colonial Sugar .. — 59 15 0 Electro. Zinc (ord.) 1 0 0 — Electro. Zinc (S p.c., part prel'.) (ord.)"' . 1 15 0 — Howard Smith (ord.) — 0 15 0 N.Z. Farmers’ Fertiliser .. .. 0 15 G — N.Z. Newspapers 1 y G — Prestige N.Z. Ltd. (pref.) — 1 .1 G Wilson’s Cement 1 5 9 — Dominion FertiJiscr .. .. .. 0 13 9 — Northern Roller Mills ,, .. 1 7 G — Oil— Moturoa (ord.) .. 0 .1. S — Taranaki .. .. .. 0 2 0 Mining— Bell Hooper .. .. 0 1 0 0 1 Bell Hooper, fully paid 0 1 U ” Big River .. •• — 0 1 Central Shotovcr 0 1 U 0 1 o'i Golden Dawn .. — 0 2 10 King Solomon .. 0 3 4 — Kawarau — 0 0 9 Mahakipawa .0 i 0 — Mataki — 0 2 •1 Mt. Lycil .. .. — 1 4 2 Nokomai 0 3 0 0 3 t> Okarito .. «, .. 0 .10 G — Waihi* 1 6 0 1 7 0 Waihi Grd. Junetion — 0 4 7 Waitahu .. .. .. 0 7 0 — * Cum. div. UNOFFICIAL LIST. Buyers. Sellers. £ s. d. £ s. d. Moonlight Nelson Creek Sluicing — 0 1 O National Tobacco 3 3 0 — Invest. Exc. Trust “B” deb. .... 97 0 0 —