COMMERCIAL NEWS

Ashburton Guardian, Volume XLIII, Issue 9787, 1 February 1923, Page 8

COMMERCIAL NEWS

ADDINGTON STOCK MARKET. '■'■■. ' - ..'.■•'■-. (Per Press Association.) CHRISTCHURCH, Jan. 31. At the Addington market fat lambs and pigs increased in values, while fat sheep values were maintained. Prices for fat cattle, however, showed a re-

duction. Store Sheep.—The yarding was a large one, drafts being forward from Nelson, Marlborough, and the West Coast. An exceptionally keen demand /was shown for lambs, which realised

bigh prices. Ewes were also in demand. Forward! 4,6, and 8-tooth wethers sold at 28s 6d; ordinary 26s to 29s 7d; forward 2-tooth wethers 29s 2d to 31s, ordinary 26s 6d to 28s. Good rape lambs realised 23s 6d to 25s Id, ordinary 21s 6d to 23s 3d, smal (and! inferior 15s 6d to 21s. Four, 6, and 8toth ewes brought 30s 6d to 36s 3d; i 6-tooth |-bred ewes 375; 2-tooth crossbred ewes 28s 6oJ to i*3s 6d, failing mouth ewes 2p s to 27s 6d; low condi-

tioned failing-mouth ewes 17s 3d to 19s 6d; aged ewes 12s 6d to 17s. J?at Ewes—There was a yarding of 4066, compared' with 4640 last week. Freezing buyers secured! the majority of the yarding at prices . w hkh. were; from Is to Is 6d per head better than the previous market. On the average fregzina; works buyers paid from IOJd r to ''loJd per lb. Graziers competed fox light lambs _ but generally found the prices too high for them. Extra prime •lambs sold at 33s 6d to 38s 10di • prime 30s to 335, medium 2Ss to 29s 9d, light and unfinished 24s 9d to 27s 6d.

"Eat Sheep.—The yarding was again and the sale opened l briskly, being all round about on a par .with last week j wethers being perhaps Rightly better, and ewes;;slightly eas."'Wether mutton made- from 6|d ,to 6fd per lb, . and ewe from sfd to ■6id. Extra prime wethers realised 37s to ,40s, a few special up to 43s f 9dl; .prime 34s to 36s 6d, medium 2S S 6d ; to. 33s 6d, light 25s Id to 275" "'Extra -.prime ewes brought 30s 6d to 35s lOd, prime 285., 6dr to 30s, medium 25s to :28s, light : 2asrto-24s 9d, aged 17s 9d to 22s 6d. Fat yarding was a large one. The hot spell of weather had an -adverse effect, on. the sale, particularly with regard to the heavier sift&, and prices dropped all round 20s per head. Well .finished beef made from 27s 6d %o 30s per 1001 b, medium 24s 6d to 275, unfinished 21s to 23s 6d, old cow beef to 20s. Extra prime steers sold at £l4 5s to £l6, prime £lO 7s 6d to £l3 15s, medium £8 15s to £lO 10s, light and unfinished £4 15s to £B. Prime heifers,brought £6 15s to £7 17s 6d, ordinary £4 10s to £6; prime cows £6 to £7 17s 6d, ordinary £4 to £5 15s.

. Vealers.—Last week's values were fully maintained. Good runners made £4 12s 6d, ordinary vealers £2 17s 6d to £4, small calves 8s upwards.. Store Cattle.—A large yarding met keen competition, and values improved. Four-year-old steers realised £6 10s to £7, 3-year-old £5 15s to £6 16s, 2- . year-old £3 10s to €4 ss, yea nines £1 os to £1 12s 6d. Two-year-old heifers made £4 5s to £4 15s, yearlings £2 10s to £2 17s 6d. Good cows sold at £2 2s 6d to £2 12s 6d, medium cows £1 to £l'los. Dairy Cattle—Values Were, maintained—extra; good second, third and fourth calvers, springing, £ll 10s; good second, third, and fourth, calvers £8 to £9, medium second, third, and fourth calvers. £5 10s to £7 10s. Springing heifers Drought £4 to £B. v Fat Pigs—A good demand resulted in improved prices—choppers £1 10s to £3, light baeoners £3 7s 6d to £3 18s, heavy £4 to £4 8s 6d!; average price per lb 6d to 6id; light porkers £2 5r to £2 12s, heavy £2 15s to £3—■ average price per lb 7d to B|d. Store Pigs - —These sold better, in sympathy with the price of bacon pigs, and well-grown pigs rose from 5s to 6s per head. Lara:© stores were quitted' at 48* 6d. medium 35s t o4os, small 28s 6d : to 345; extra good weaners 225, ordinary weaners 14s to 18s.

BURNSIDE. MARKET.

DUNEDIN, January 31

A feature of to-day's sale at Burnside was the keenness with which buyers operated,, butchers and 'freezing representatives being keen competitors for all lambs suitable for trade and •export purposes. There was a larger entry than usual, a fair proportion being of prim© quality, while a num"ber.of'pens contained animals only fit for graziers' requirements. The latter w;ere not. operating so keenly as they were last week., ■■ Prices realised) were about on a par with those obtained at last week's sale, to-day?s values being on the basis of about lod ; a< lb". 'Fat cattle—The entry was slightly larger than that of last'week, the' figures being 245 and 231 respectively. Quality on the whole was; goodj'' but the pens contained a number or 7 indifferently finished steers and mediumi 00/w-s. Prices at the opening showed! a decline of from 7s 6d to 10s compared with last week's rates, but they firmed up as the sale progressed, fine handy weight steers selling much on . jb'"' parity with values ruling a weeki ago. Prime ox beef 28s to 29s per 1001 b, medium quality 275, extra prime heifer- beef,. 22s 6d to 245, light 21s to 225, good cow beef 18s to 20s, aged' 16s to 17s 6d. , Extra prime heavyweight bullocks sold at up to £l4, prime £ll 17s 6d to £l2 12s 6d, medium £lO 5s to £ll 7s 6d, others £8 10s upwards, best cows and heifers to £B, medium £6 12s 8d to £7 10s, others from £5 upwards. Fat Sheep—A medium yarding numbering 2219, principally good quality. Prices firmed slgihtly at the commencement of the sale, especially for prime The closing prices weret about 2s per head dearer for all prime sorts. Export buyers were operating -to a certain extent. Extra prime wether mutton (heavyweight) was bought en a basis of 5Jd per lb, light 6£d, extra, hoiavy ewes, medium to good light ewes sd, aged and inferior 4d to 4Jd. Extra prime heavyweight wethers realised up to 45s 9d, prime -44 sto 45s 3dl, medium 34s to 375, light and inferior sorts 29s to 31s, nrime ewes 25s to 32si 3d, extra prime 34s to 38s 9d. medium 24s to 265, light and aged 20s to 225. Lambs—A large yarding, numbering about 1200. j Prime sorts realised. from 33s to 355. medium 26s to 28s, graziers' sorts 20s to 235. One pen containing two animals of extra prime qual- ! ;3±y- realised 45s 6d eacli.

Store cattle—A medium entry of mixed quality. Very few gcod bullocks were amongst the number. One pen of three-year-old bullocks realised up to £5 10s a head. Young and backward conditioned 1 cattle sold at very cheap rates.

Pigs—A small entiy, comprising mostly porkers. Competition was fairly brisk, and higher prices were obtained for both baeoners and porkers, the advance being in the vicinity of os a head. Prime baeoners realised up to. 6d, and prime porkers from 6£d to 7d per lb.

DUNEDIN WOOL SALE.

KEEN COMPETITION AND

ADVANCED PRICES.

DUNEDIN, January 31. The second wool sale of the Dunedin series opened at eight o'clock tonight, when 5500 bales out of a catalogue of 25,000 bales were disposed of. The bench of buyers was the largest seen at a sale in Dunedin, and included representatives of English, Continental, American, Canadian and Japanese firms and of the woollen mills of the Dominion. Representatives of the last-mentioned were keen buyers of merino and fine cross-bred wool. A feature of the sale was the remarkable keenness of the competition) practically every lot being disposed of under the hammer. The record price was 29£d, which was obtained for two bales of greasy merino from the Gladbrook Estate, Otago Central. This figure, it is understood constitutes a record price for New Zealand for the current season, and probably the highest figure obtained at an auction in the Dominion.

Owing to the small proportion dis--posed of, it is impossible to gauge the range of prices, ,but so far as the sale, has gone they show an advanceas .compared with rates; ruling at the previous sale held iffiiDunedin. ,aw -;,'• v ,; i' . :. ' '* ''"'" '■

THE WOOL TRADE.

LONDON SALES

.'LONDON, January 30

At the wool sales there was a better selection of merinos. The best were fully firm, average grades were ,a shade easier, and crossbreds were unchanged. The "M.C." (N.Z.) made an average price of 38d.