THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12607, 18 November 1926, Page 8

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE ‘ YESTERDAY'S QUOTATIONS. (3.15 p.m. Call.) Yesterday's closing quotation* for premiums of investment and mining stocks, ns advised by the Wellington Stock Exchange, are as under;—

•Cum. div. Sales reported: Bank of New Zealand, «£3 0s 9d; Union Bank of Australia, .£ls 5s 6d; New Zealand Insurance. £X 19s 3d; Electrolytic Zinc (pref,), £1 17s 9d. . S- on 'Change: Bank of New Zealand, £2 0s 9d. SALES IN OTHER CENTRES Ter Press Association. CHRISTCHURCH, November 17. Sale reported * National Bank of Australasia (£6 paid, cum. div.), .£9 ss. Sales on 'Change: New Zealand Government 5 per cent. Bonds (1927}, New Zealand Government 5£ per ceut. Inscribed Stock (1933), £IOO 10s; Bank of New Zealand (rights), 6s 6d; Goldsborough M.ort., 495; N.Z, Refrigerating (XI paid), 14s lOd. Sales reported: New Zealand Government 5 per cent bonds (1927), X 99 ss; Kawarau, 3s (two parcels). Sales on ’Change: Wilson’s Cement (cum div.), 34« 6d. DUNEDIN, November 17. Sales: New Zealand Refrigerating (paid), 14s 6d; Kawarau. 3m Id (three). Sales reported • New Zealand Government 5} per ceut. inscribed stock (1933), X 100; New Zealand Government per rent, inscribed stock (1938), X9G 12s 6d; New Zealand Government 4f per cent.insenbed stock \1939), X 96 12s 6d. Sales: National Mortgage, 70s; Westport Coal, 37s 3d. Sales reported: New Zealand Government 44 per cent, inscribed stock (1939), X 96 5s 8d; Bank of New Zealand, 7Ce 9d. AUCKLAND, November 17. 'there was no meeting of the Stock Exchange to-day, owing to the Royal Show, but private sates are reported of Moanatniari share* at s*. ADDINGTON MARKET GOOD PRICES FOR HOGGETS OVERS URPLY OF LAMBS. CHRISTCHURCH, November 17. * To-doy was the first sole at Addington for a fortnight, none having been held during the recent carnival week. Store sheep: A fair-sized entry was forward, a great increase in shorn sheep being noticeable. Hoggets in the wool sold at good prices, and wethers out of wool sold rather unevenly, though the tendency was to advance as the sale progressed. ‘Ewes and lambs showed little change from last sale, although they sold more freely. Aged ewes and lambs made from 13s 6d to 15s 3d; inferior aged ewes and lambs I2s to 13s 3d; soundmouthed 21s to -22 s 9d; aged shorn ewes and lambs 11s 3d; small shorn two and four-toothed crossbred ewes 25s 3d ; shorn two-toothed wethers 16s to 16*5 9d; four and six-tootJied Romney wethers 23s 9d; shorn four-toothed lialfbred wethers 22s to 245; shorn six and eight-toothed halfbred wethers 32s 3d; three-quarter-bred ewe hoggets 33s Gd to 345; good three-quarter-bred ewe hoggets 38s 3d; good halfbred ewe hogget* 38s lid to 39,y 3d; halfbred cull wether hoggets 16s 8d; six and eight-toothed halfbred wethers 245. Spring Jambs: The entry totalled 970 head, being larger than tho double market of two weeks ago, and much in excess of requirements. Prices accordingly dropped Z*> to 4s per head. Prime lambs made from 26s 3d to 3(Xs Id; medium lambs 23s 6d to 25s 9d; light lambs 18s to 22s 6d. Eat sheep : No fewer than 14 races of fat sheep were penned, 1 lie entry being a little short of that of the previous snlc. '[’hero was a good proportion of shorn sheep in the offerings, and 4ho ynrdin glcft little to he desired so far as quality was concerned, but owing to its size a recession in values of from 3e to 4s a head was not altogether unexpected. Extra prime woolly wethers made up to 425; prime 34s to 37s 6d; medium 32s 6d to 33s 6d; light 30s 6d 1o 325; extra prime shorn wethers up to 34s 7d; prime 28s to 325; medium 26s to 27s 6d‘; light 33s 6d to 25s 6d; extra prime woolly owes up to 36s lOd; prime 29s to 32«; medium 26s to 28s 6d; light 22s to 25s 6d; extra prime shorn ewes up to 30s; prime 23s to 26s Od; medium 20s 6d to 22s 6d; light and aged 16s to 20s. In the fat cattle section the market was well filled, 599 head being forward compared with 620 at the previous sale. Generallv the entry was well up to 11ie average-quality, but there was a notable absence of better-class steer beef. The

demand at the outset was fair, but the figures slipped back to from 10s to £1 per head, with the least depreciation noticeable for good class cows. Prime medium-weight beef sold at from 38s to 40s; heavy prime 34s to 355; beet heifer 34s to 395; good cow beef 33s to 365, medium quality steers 30s to 335, and rough down to 26s per 1001 b. Prime heavy steers made from £lO to «£lB 10s; prime medium-weight ,£l4 10s to .£l6 10s; medium quality steers ,£l2 to ,£l3 10s; light steers .£8 10s to <£ll 10s; extra prime heifers up to £X4t 17s 6d; prime heifers ,£ll 10s to «£l3; ordinary heifers ,£8 to £11; extra prime cows up to £l4; medium cows £7 to £8 10s; light and aged cows £4 10s to £6 10s. Vealers: Good runners made up to £7 10s; medium runners £6 to £6 15s; good calves £5 5s to £5 15s; medium calves £4 to £5; inferior calves 15s to 30s. Store cattle; Only a small number were penned, mostly cows, with a few pens of heifers. Young stuff at all forward met with a keen demand, the sale being the he<st held at Addington for some time. Good fresh young cows made up to £5 2s 6d; medium cows £3 to £1 2s 6d; aged cows £1 5s to £2 10s; yearling to 18-months-old heifers £2 10s to £4; yearling 6teers up to £3 6s; bulls £3 10s to £7. Daily cattle.- Tho entry consisted of 47 head, most of which was of indifferent quality. Best second, third and fourth calvers made from £7 10s to £9 ICs; medium sorts £5 Hte to £7; inferior sorts £3 to £5; extra good heifers £ll 10s to £l6; ordinary heifers £3 10s to £6 10s. Fat pigs; A medium entry was forward. Choppers made from £3 to £6 8s 6d; light baconers £3 12s to £4; extra heavy baconers £4 7s 6d to £5 (average price per lb 7d to 7-Jd); light porkers 50s to 57s 6d ; heavy porkers 60s to 70s (average price per lb B*d to 9£d). 1 Store pigs: Small weaners made from 23s to 28s; best sorts up to 345; small stores 36s to 425; medium 6tores 44s to 48s. BURNSIDE STOCK SALE SHEEP VALUES ADVANCE DECLINE IN PIGS. Per Press Association. DUNEDIN, November 17. At Burnside to-day, sheep advanced and lambs cheapened. Bacon pigs were down a little, and other lines were (scarcely changed. Sheep; An entry of 2086 and a good sale, there being some outside competition. Shorn wethers rose by from 2s to 2s 6d per head, and woolly sheep by from Is 6d to 2s 6d. The quality of the me-dium-sized yarding was good all round. Uood woolly ewes sold very readily. Extra heavy prime shorn wethers made up to 37s 9d; prime heavy 34s to 355; me-dium-weight prime 28s, 245, 425, lighter 25s 6d to 27s (id; extra prime heavy woolly wethers up to 48s 9d; prime heavy 42s to 45e; good medium 38s to 41s; lighter sorts 33s to 35s 6d; extra heavy prime woolly ewes up to 39s 3d; prime heavy 34s to 375; medium 32s to 345; light and inferior 25s to 295; beet shorn ewes up to about 325; prime 26s to 28s; medium and light 22s to 25s 6d; extra heavy wethers in the wool realised up to 6jd per lb; shorn welhwe 4sd to sd; shorn ewes 4d to 4jd, and lamb 9d to lOd. Lambs ? A penning of 173. The quality though there was a sprinkling of light and inferior lambs, which were neglected by the butchers. Best sorts sold well, but prices cased generally by oa a , -Extra good lambs made up to 38s 6d; medium-weight prime 34s to 365; light and .inferior 24s to 27s 6d. Fat cattle: A yarding of 303 head of good quality generally. Each race had a good many prime bullocks, and a fairly large proportion of heifers. No improvement was shown in the demand, and plain sorts had an easing tendency. Prime heavy bullocks made from £l4 •a to £ls 10s; slighter £9 15s to £fl 15s; prime heifers £8 to £lO 10s ; cows £7 10s to £lO ss; extra heavy bullocks averaged 35s per 1001 b, handyweights 40s, heifers 33s to 555, and light heifers and cows 2\s.to 30s. Slov- cattle; A yarding of about 200 head medium sorts, chiefly cows and heifers, of fair quality. A few medium steers were included. Prices were unchanged. Pigs: A penning of 116 fats and ‘•37 stores. Heavy baconers were down 5s per head, but medium baconers and porkers were at par. The yarding of stores was very big. Brood sows realised up to £8 10s, but other classes of store pigs were easier by 5s a head. WAIKATO MARKET REPORT . The Farmers’ Co-operative Auctioneering Co., Ltd., report:— Reef The market is considerably easier, especially- l'or ox beef, a drop of three to four shillings per XOOlb having taken placo since our last fortnightly report- prime ox making 32s 6d per 100, and cow and heifers 28s. Fat sheep— Good yarding are coming forward, with prices firm for prime ewes, wethers and hoggets. Fat lambs are in demand, with butchers at prices equal to Od. No export prices are out yet. Store sheep— There is a good inquiry for all classes of stores, especially hoggets and circs with ravins. Shorn wethers aro wanted, but owing to the continued wet weather not many lines are offering. Store cnttle— A good demand exists for all classes, especially 2,3, and 4-ycar steers, also good empty cows, and choice yearling Jersey cross heifers. Hairy eattie—Very few good t-ows and heifers are offering, with fair competition for good sorts. Pigs—The market is , easier for fats, prices being equal to sjd. Bacon companies operating nt this figure. Stores aro still meeting with ready sale at. good prices Horses—There is little doing in the horse trade. We quoteßullocks prime (extra heavy). .£l2 10s to £l4, medium .£lO to £lO Us; cows, prime £8 10s to £0 10s, medium £7 10s to £B, unfinished £5 10s >n -SO ss; heifers prime, £9 10s to £lO 10s; steers. 4-vear (forward) £7 10s to £B, 3-year (stores) £5 15s to £0 ss, 2-year (good) £5 10s to £5 15s, 18-months. £4 to £1 10s; good yearling steers, £3 to £4-; good yearling heifers (Jersey), £4, 10s to £5 10s; good fresh empty cows, £3 ICs to £i ss; aged store cows, 30s to £2; choice in calf dairy heifers (best Jersey cross), £lO to £lO 10s; 21-year Jersey cross springing heifers. £lO to £11; 21-vcnr Shorthorn dairy heifers, £8 10s to £9 10s; good dairy herds (tested). £lO 10s to £l3; others, £7 to £8 10s; wethers, prime woolly , heavy, 33s to 345, prime woolly medium 27s to 295, prime shorn heavy 26s to 27s fid, prime shorn medium 21s to 22s fid; ewes, prime woolly heavy 24s to 2Cs fid. prime woolly light 21s to 225, prime shorn 18s to 20s’; store wethevs, 4-tootli (shorn) 21s to 22s fid, 2-tootli 19s to 20s; ewes. 4, C and 8-tooth with lambs 27s 6d to 335, 5-years with lambs 2Gs to 28s, ag-od 17s to 18shoggct.s. fat 24s to 275. good stove woolly 17s 6d to 18s fid, small woolly 11s fid to 12s. shorn (good) 15s to 16 s. Figs— Baconers (prime), £3 12s fid to £3 IBs; baconers (medium), £3 5s to £3 10s; porkers, £2 15s to £2 18s; slips, 38s to £2; wenners, I7s to 245; breeding sows (good). £7 10s to £3 10s. TTors-es—Heavy draughts. £35 to £U; medium, £2B to £32; spring cart sorts, £lfi to £18; harness horses, £3 to £10; hacks, £5 to £B. WOLSELEY MOTORS, LTD. WINDING-UP ORDERED. Australian nml N 7 CjiMo .Woi-h.tinn. (Received November 17, 7.5 p.m.) LONDON, November 16. Mr Justice Kvo ordered tho compulsory winding up of Wolseley Motors, Limited, on a creditor’s petition. PRICE OF GOLD (Received November 17, 7.5 p.m.) LONDON, November 16. Tho prico of gold is £4 4s 9}d an ounce. CUSTOMS REVENUE The Customs revenue received at Ui* ported Wellington yesterday aggregated

Burers. m s.d. Government Loans — Inscribed Stock (1939) 96 30 0 Inscribed Stock (1938) 96 10 0 Inscribed Stock (1933)104) 10 0 inscribed Stock (1927) 97 0 ft Inscribed Stock (1941) 97 0 0 Inscribed Stock (1936) 100 10 0 War Bonds (1939) 96 12 6 War Bonds (1938) 96 10 0 War Bonds (1933) 100 10 0 P.O. Bonds (1927) 99 0 0 Sellers, i B.d. 100 15 0 Debentures— Wn. Racing Club ... 106 0 N.Z. Breweries (bonds) — 0 1 5 3 Banks— 14 5 3 1 0 6 15 6 National of N.Z New South Wales ... New Zealand New Zealand (rights) (Jnion of Australia... 7 0 45 0 . 3 0 0 6 15 5 0 0 6 6 0 0 -7 0 Financial— N.Z. Guarantee Corp. (ord., 8s) N.Z. Loan and Morcatile Agency (ord.) Wn. Invest. T. and A. Wn. Deposit & Mort0 10 95 0 0 10 3 0* 6 0 11 0 W~r i g lit, Stephenson (ord.) W r i g ht. Stephenson (pref.) - 1 4 0 17 6 6 Insurance— New Zealand 1 18 9 2 17 Mercantile Mutual 1 5 0 Meat Preserving— N.Z. Refrigerating (10s) 0 6 1 16 6 9 6 10 6 1 18 2 7 Transport— Huddarr, Parker (ord.) Woollen— Wellington (ord.) Wellington (pref.) 0 0 9 Coal— Westport *1 T7 3 Timber— . — 0 17 X 1 Breweries— Manning and Co New Zealand 2 11 0 6 Miscellaneous— C. M. Banks (ord.) ... Eleotiolytic Zinc 1 2 6 1 16 1 18 9 Electrolytic Zinc — Milburn Limo and Cement N.Z. Paper Mills Scouliar and Co Sharland & Co. (ord.) Taranaki Oil Fields... W airarapa Farmers' (JB5) 1 10 0 9 6 0 *1 0 1 2 1 2 0 9 9 Wairarapa Farmers' U>1) # 16 0 17 0 18 0 19 6 Wairarapa Farmers' Wellington Cordage... Wilson's Cement Mining— Waihi ICawarau •X 13 0 2 » 9 6 6