COMMERCIAL.

Timaru Herald, Volume XCVIII, 14 May 1925, Page 5

COMMERCIAL.

ADDINGTON MARKETS

HEAVY ENTRIES,

By Telegraph—Press Association. CHRISTCHURCH, May 13

Entries were much larger at Addington to-day in all main classes of stock. Beth store and' fat sheep sold at practically last week’s rates, but fat cattle were lower in price. Store Sheep. — A good sized yarding was forward for a winter sale, mostly lambs. A freo sale resulted, with an casing in the later stages for backward lambs. Good halfbrcd wether lambs realised 25s to 28s Id, ordinary 22s to 24s 7cl; threequarterbred lambs 23s lOd to 25s 9d, crossbred ewe lambs 27s Id to 28s lOd, lialfbred do. 325; soundmouthed crossbred ewes 33s to 34s 6d, two-toothed threequarterbred ewes 34s 6d, failing-mouthed ewes in lamb 22s 6d to 28s 3d, aged ewes 12s to 21s 9d'; forward two-toothed crossbred wethers 35s 4d, four and six-toothed halfbred wethers 31s 5d to 345, two, four and six-toothed crossbred wethers 33s 4d; two-toothed threequarterbred wethers 27s 6d.

Fat Lambs.—A total of 2000 was yarded. Prime sorts made fully up to schedule rates, but lighter sorts were easier. Extra prune fetched 43s to 465, prime 37s to 41s, medium 33s 6d to 36s 6d; stores 26s 6d to 295. Fat Sheep.—Tlieie was an exceptionally heavy yarding, mostly of good quality. The sale, though irregular, was up to last week’s good rates, butchers buying more freely than usual. Extra primo wethers made to 49s lOd, prime 43s to 465, medium 38s 6d to 42s fid; extra prime ewes 42s lOd, prime 37s to 40s, medium 3,4 s to 36s 6d. Fat Cattle. —A heavy entry of 660 head, included good lines of back station steers. Last week’s advance of 25s per head for steers was lost, but considering thei size of the yarding the sale was a good one. Prime beef made from 33s to 375, medium 29s to 32s 6d per lOOlbs. Extra prime steers made up to £l7 12s 6d, prime £l3 os to £ls IDs, medium £lO 15s to £l3; extra primo heifers £l3 12s 6d, prime £8 to £lO, medium £4 10s to £7 15s; extra primo cows £l2 17s 6d, prime £7 to £9 10s, medium £5. Vealers. —There was a dragging sale; runners to £7 ss, good vealers to £5, medium £3 to £3 10s, calves l'Os to 55 s.

Store Cattle. —120 head were forward which were sold mostly for potting purposes. Dairy Cattle.—A good sale ; best £lO to £ls 10s, medium £6 10s to £9 10s; best heifers '£B to £l3 10s, medium £4 to £7 10s.

Fat Pigs.—A large entry met with a fair demand. Choppers £3 to £7 15s, baeoners £3 15s to £5 15s (average price per lb 6Jd to 7.)d) ; porkers £2 4s to £3 10s (average price 7d to B}d). Store P'gs.—A fair entry experienced a slack sale. Weanors 7s to 15s, stores 23s to 455. BURNSIDE SALE. By Telegraph—Press Association. DUNEDIN, May 13. There were large yardings in all departments at Burnside sale to-day, the entry of store cattle being tho largest seen at this sale for some years. Fat Cattle. —309 were yarded, compared with 254 last week. There was a very fair demand, and values were up to the prices of last week for prime cattle at tho opening, but long before the close, values had depreciated, and prices slumped about 20s per head. The demand for inferior cattle was slow. Primo handy weight ox beef sold at from 28s to 30s 6d', heavyweights and medium quality from 22s to 295, prime heifer from 27s 6d to 29s 6d, light heifer and cow from 18s to 22s 6d per lOOlbs. Extra prime bullocks sold from £lB 10s to £2O, lighter from £l3 10s to £l6, heavy prime cows from £7 10s to £9; prime heifers from £7 to £8 15s. Fat Sheep.—22ls were entered, inclusive of several hundred fino-woolled wethers and a moderate number of heavy, primo sheep. The demand for all classes was much on a par with that of last week, with ewes perhaps somewhat more firm. Prime handyweight wethers sold at up to 7ld' per lb, prime heavy and second quality to 7id; primo ewes skl. Heavy prime wethers went at from 50s 3d to 65s 6d, prime from 37s 9d to 40s 3d, prime ewes from 34s 6d to 36s 9d.

Lambs.—About 900 were forward. There were a number of unfinished animals, r.iicl the tone for all grades was generally easier. Prices wore Is to Is 6d easier than last week. Prime lambs were sold on a basis of lOd to lid, unfinished' 9jd. Prime heavy lambs realised from 36s 6d to 38s 6d, lighter from 30s 6d to 345.

Store Cattle'.—A large entry of 500, comprised a small proportion of young cattle. Seventy head of well-grown two, three and four-year-okl station bullocks brought from £6 5s to £ll Is. Very fair two-year-old steers went at £5 os, and heifers sold from £4. Pigs.—Eightv-one fats and 61 stores were yarded. Baon-vers were np about os per head on the previous week’s rates, and stores were lip slightly. Poikers sold at 9Jd per lb., and baconers at Sid 1 .

NATIONAL BANK OF NEW.

ZEALAND,

The National Bank is issuing 200,000 new shares of £7 lUs each to its shareholders. The snares are to be called up to £2 10s, and a premium of £2 10s is asked. Each shareholder will bo allotted one new share for every three shares ho holds (no tractions will bo issued). Those who pay in full will receive a full dividend in January, 1926; those who pay by instalments will be allowed 4 per cent, on the share capital. The directors anticipate that the dividend for the year ending March 31st, 1925, will be the same as that of the previous year, viz., 12 per cent, and a bonus of 2 per cent. GERALDINE STOCK SALE. At the Geraldine yards yesterday, prices ranged as follows : Fat ewes. —27s 8d to 19s 6d. Fat larnbsr —37s 6d to 295. Stores.—M.S. lambs 29s Id to 14s 9d, wether lambs 26s to 20s 4d, ewe lambs 30s 7d. Cows. —£6 10s to £1 ]2s 6d, heifers £5 12s 6d to £3, calves 9s. Pigs.—Porkers 52s to 425; weaners 19s to 6s. STOCK EXCHANGE. . By Teleffrorh —Press Association. , AUCKLAND, May 13. Sales on ’Change.-—War Loan (1938) £97; Soldiers inscribed, £101; Auckland Gas. 23s lid; Sanford Ltd. (two sales), 20s; Tonson Garlick, 15s; Moanataiari. Is ?rl. CHRISTCHURCH, May 13. Sales reported.—-Union Bank. £l4 Bs. £ll 7s 6d; Bank of New Zealand (new! 55s 3d. Sales on ’Change.—Union Bank, £l4 7s 6d; National Bank of New Zealand (rights). 21s. DUNF.mN. May 13. SMes on ’Change —Kran Gold Alining Co., 19s. 18s fid; Colonial Pn"-r. £53 (two parooM ; Dominion Rubber, 2ls (two parcels).