FINANCE & MARKETS

Sun (Auckland), Volume II, Issue 553, 4 January 1929, Page 2

FINANCE & MARKETS

WESTFIELD SALE STOCK IN GOOD DEMAND SHEEP AND BEEF FIRM There was an average yard ins o£ beef and sheep at Westfield yesterday, when the first stock sale since the holidays was held. Christmas values were slightly improved upon in the sheep section and lambs sold at late quotations. Beef values were again maintained, choice ox, lines realising up to 42s a 1001 b. There was also an average a arding of pigs which sold firmly. Calves demand at the commencement of the sale, but keen prices were not. maintained throughout. Prices ranged as follow: BEEF (per 1001 b) —This Week. Dec. 19. Extra choice ox 42, - 42/Choue & pume t/ _ tQ to 41 /_ Choice & prime _ , cowand heifer 34 - to o.- 00. - to ot - SHEEP (per head) — Prime wethers 27/- to 32/9 '-y 10 L'nfin. wethers 2o - to -*/«* Prime ewes . 19/- to 26/3 .19/- to -6/Prime lambs . 25/- to 30 - 24/6 tc* ot>/6 CALVES (per head) — Runners .. 52/6 to 124 - SO/- to 160 - Vealers .. 63/- to 105/- 50/- to 120/PIGS (per head) — % Baconers .. 52/- to 63/- 4S - to 66/Porkers .. .. 38/- to 51/- So/- to 51, - Weaners .. 4/- to 11/- 4 - to 1-/-Slips 12/- to 15/- 12/- to - Large stores . 30/- to 37/- 25/- to 34/LONDON PRICES Following are the latest quotations for New Zealand meat on the London niarMutton.—Wethers and maidens, Canterbury quality, selected brands, light, 6 7-Sd a lb; medium, 6*d; heavy, Bsd. Other brands, light, CJd; medium, 6\d; heavy, 6d. Ewes, light and medium, 4 7-Sd. Lambs.—Canterbury quality, light, 92a; medium, 9£d; heavy, 9Jd; seconds, 7 3-Bd. Selected brands, light, medium, 9|d. Other brands, second quality, 301 b to 321 b, average, 7ld. Beef.—Ox hinds, sd; cow fores, 3/>d; hinds, 4/d. Pork.—Porkers, to 7d; baconers, 7 cl.

TRAWLER HUMPHREY DUE. —Sanford’s new trawler, Humphrey, which left Falmouth on October 25 for Auckland, is due here any time now. PASSENGERS FOR EAST.—To enable Chinese passengers to reach China in time for the Chinese New Year celebrations, the Australian-Oriental liner Changte will now leave Sydney for Manila and Hong-Kong on January 16 instead of January 19. PORT WELLINGTON DELAYED.— The C. and IX Line advises that owing to bad weather at Napier preventing the completion of the loading of the Port Wellington, she will not leave that port until to-day for New York and London. ROTORUA POSTPONED.—The local office of the New Zealand Shipping Company has been advised that the departure of the liner Rotorua from Wellington to Southampton and London has been postponed from 3 p.m. on Tuesday, January S, until*noon on Thursday, January 10. WAIRUNA ON SUNDAY.—From the Pacific Coast ports, via Papeete, the Union Company’s cargo steamer Wairuna is due at Auckland at 2 p.m. on Sunday, and, after discharge here, proceeds to Wellington,. Melbourne and Sydney to complete. KARTIGI FROM N E WCASTLE.—Advice - has been received by the Union Company that the steamer Kartigi, en route from Melbourne, was expected to leave Newcastle yesterday afternoon for Auckland. She is due here next "Wednesday. lONIC LEAVES LONDON. —According to cable advices the "White Star liner Jonic left London yesterday for New Zealand. The vessel is to clear Southampton today. The vessel is bringing passengers and mails from Southampton for Auckland, and cargo from London for disA charge at this port and Port Chalmers. She is due here on February 11. WITHIN WIRELESS RANGE— The following vessels are expected to be within range of the undermentioned wireless stations to-night:— Auckland.—Tofua, Canadian Traveller, Wairuna, Dana, dris, Canadian Transporter, Maunganui, Golden Harvest, Enton. Chatham Islands. —Norfolk. Wellington.—Maori, Wahine, Tamahine, Ngaio, Arahura, Niagara, Matakana, Tamaroa, Port Wellington, Rotorua, Mahia, Port Denison, Marama, Ulimaroa. Awarua.—C. A. Larsen, Sir J. C. Ross, N. T. Nilsen Alonso, City of New York, Makura, Tahiti, Canadian Britisher. PORT OF ONEHUNGA—DEPARTURES YESTERDAY AEAPAWA (5 p.m.), 2-51 tons. Pert, for Raglan and Kawhia. ARRIVALS TO-DAY HAUTURU (6 a.m.), 270 tons, FowlerJackson, from I-lokianga. RARAWA (7.45 a.m.), 1,077 tons, Bark, from New Plymouth. The Rarawa arrive.d at Onehunga this morning from New Plymouth, and leaves at 4 o’clock this afternoon on her return trip. The Hauturu, sailing at 3 p.m. to-day for Hokianga, returns to Onehunga on Sunday' morning, and leaves on Monday at 4 p.m. for Raglan, Kawhia and Waikato Heads. The Arapawa returns to Onehunga on Sunday from Raglan. Kawhia and Waikato Heads, and sails on Monday at 3 p.m. for Wanganui. The Anchor Company’s steamer Orepuki is due at Onehunga this afternoon from Dargaville, and sails to-morrow evening for Nelson and West Coast ports.

LESS KAURI GUM MEAGRE PRODUCTION LOWER GRADES OFFERING Compared with the output in pi* V i | ous years, kauri gum production is sti n low. Although the returns for the quantities which reached Auckland stores 192 S represent an increase of IS3 t OT , s on the amount in 1927. they are well below those for 1925 and 1926. 1 During the year there has been * poor demand for the better qualities of gum. and only small quantities have been placed on the market. American and English buyers can obtain substitute gums in the Congo and i D the East at a much lower price. Better quality gum is not so plentiful now. years ago, only the best quality gums were sent to the market, but now, lower grades are being worked The drop in values shows that production is confined almost entirely to the lower grades.

RATES MAINTAINED N.Z. BUTTER AND CHEESE Current rates are being maintained in the markets in London for New Zealand butter and cheese. The New Zealand Loan and Mercantile Agency Company, Ltd., received the following cablegram, dated January 3. from its London house; Butter, Choicest, salted. ISos to 184 s; market steady. Cheese: Coloured, 995; market steady white, 965; market slow. fc Joseph Nathan and Company, Ltd., received the following cablegram fron its London house, Trengrouse anc. Nathan. Ltd., dated January 2; Butter: 181 s to 183 s; market quiet. Cheese: White, 95s to 965; coloured, 995; market weak. Norden and Co.. Ltd., received the following cablegram, dated January 3, from its London house:—The butter market is steady. Prices; Unsalted,, 196 s salted, 182 sto 184 s. Business on the cheese market is quiet. Prices: White, 955; coloured, 995. Arrivals, from New Zealand are the Kuahino and the Devon.

INDIAN LOAN IN LONDON LARGE SUM FOR RAILWAYS British Official Wireless RUGBY, Wednesday. Tlie underwriting was arranged today of a new loan for the Government of'lndia of £10.000,000 in 41 per cent. 1955-68 stock. The issue price will be 91 per cent. This issue constitutes the largest overseas loan for some time, and as the proceeds are largely for railway purposes it should be a help to. the iron and steel industries in Britain.

AUSTRALIAN PRODUCE (United P.A. —By Telegraph — Copyright) SYDNEY, Thursday. The following are to-day's quotations on the Sydney produce markets:— Wheat. —At country stations, 4s, cx trucks at Sydney, 4s 7d. Flour—£ll. Pollard and Bran—£6 ss. Potatoes—Victorian, £l7. Onions—Victorian Globe, £ll. Oats—Algerian or white, 4s 9d. Quotations at Adelaide are:— Wheat—Growers’ lots. 4s 6d to 4s 7d. Flour—Bakers’ lots, £ll. Bran and Pollard —£5 12s 6d. Oats—2s 7d.

GOOD PRICES GIVEN Press Association WELLINGTON, Thursday. A valuable property in £uba Street 35ft by 80ft, comprising shops, has been sold for £ 28.000. Andrews’s Hotel in Duke Street has been *sold for about £ 50,000.

Comparat January February March . . ive figures are: — 1925. 1926. 1927. 132$ Tons. Tons. Tonp. Ton* . 525 402 265 27* 492 3S9 398 so * . 520 452 441 4l S30 332 227 v* August . . September October November December . 32-5 392 241 3Sl 404 287 323 2gs . 29:* 229 385 356 486 341 500 407 . 410 325 284 R5 Totals .. . - 5,063 4.250 3.820 4.003