COMMERCIAL

Auckland Star, Volume LIII, Issue 212, 7 September 1922, Page 8

COMMERCIAL

. THE MARKETS AT A GLANCE. COINTINUKD IMCPROVEMENT IN XBASE. BUILDING REVIVAL. -Auckland Star" Office, Thursday, 7th .September, 19'—. xae week hue be-cu an interestiug one t0 the grocery traue, business revealing a very .healthy tone. The calls toeing made on the wholesale show a growing volume, aad it ls anticipated that this condition will continue from now ou to Christmas. rar luore attention is being paid this year to all offerings ol goods suitable for Christmas business, this undoubtedly being due io the favourable conditions of returns for exports iind to the lower values attaching to goods ottering. A now interest has been directed to local ■Locks during the week, Australia beln-g anxious to secure stoe-ks of bulk dates aurf also buviug forward for Christmas trade a large quantity of hams. This will'he doubly beneficial, for hams were held in exceptionally large quantities, and the sales that have been made will put stocks more normal und ensure a "disposal at remuuerative rates. Quotations for Christmas delivery llavl ; already advanced a halfpenny per pound, an" auother move upward would not e-ome as a j,uri.rii-e. Considering that curers have g'^ 11 a iail clause with their contracts to the trade, it is not surprising that the very '" w quotations that have been named for e'nrisunas business (have resulted iv exceptional ilemauels. Since the fact became known that Australia was operating on this market there has been renewed activity by loeui buyers. One large curer has notified now that they are not prepared to accept any further business for locai Christmas trade, which may possibly meau that export shL.ws a better return. L'oHections ha\e been somewhat quieter Lhis week, due to the deliveries for September account having been exceptionally heavy. Special sales are stui the centre of attraction and patronage is reported to be very liberal. New season s drapery goods are particularly attractive tais .spring" aud show very wide range, anu favourable markets have 'led importers to lu'.y heavily. ... __ The weather and school holidays have been responsible for large crowds in town, ana this has helped the improvement in retail Trade. The disappointment, particularly country districts, caused by the holding back of bonus payments, is a matter that Is keenly felt for credit has been obtained from storekeepers on the strength of expected payments, and storekeepers in turn June i,een hoping to secure settlements so as to meet their liabilities, but the withholding ot the expected payment is placing dependents in need of extended credit. Su-ar The large number of oroers placed with the company against the drop L price have now almost been accounted tor districts depending on shipping and rail having been first catered for so that all districts could come into line alwut the same date with a reduced retail rate. Many retailers, however reduesd their charge immediately the new price was named, the reduction by £7 15-' per ton is sufficient to warrant a reduction on dependent lines, ana already Jower rates are quoting for eMtlectionery, jams, jellies, cordials, etc, Jam makers are not all yet lv line. It bein« Stated that reduction on stock held cannot be made for another three weeks yet, Jam pulps that will be used with the, cheaper ■u~ar wl'l not be available undl then, stm ■oine packings were quoted lower aizxxvy the extent of reduction was known, it bein„ ■xpected that immediate reduction would attract business. , Dried Fruits.-A fortnight ago holders or dates were looking for chances to e'ley holdings, it being feared that the heavy ■tocks would bring a loik, and consequent y lower rates were named, when unexpectedly Inquiries from Australia reporting bare market there and soliciting offerings resulted In some hundreds of cases being shipped to Sydney, and this resulted in a return to remunerative rates. New stocks cannot arrive for some while, Sairs being due In about -i month while Khadrewi wiQ not arrive hefore some time in November. These shipments will be received at lower ieveia, the latter being f uUy a penny per pound cheaper, and this is causing more attention to forward business. Apricots are now almost unprocurable with a good demand exlstla,Peaches are also scarce, but a snipment is expected hy next Sydney boat. Figs are In tetter renoest. but gopd stock is hard to obtain. The holdings of raisins, seeded and seedless, and also sultanas is exceptionally heavy and business is hard to obtain at a"T uri'ce-' however, demand should show improvement within the nest six; weeks, when attention n-M be directed to Christmas English Goods.—Epsom salts, essences, oils and tinned lish again reveal slight reduction in costs, but acids are quoted higher, while creatu of tartar remains firm. Nuts.—Sales show much improvement, but businesti is mostly for forward delivery. A shipment of Rumanian walnuts arrived last | week-end. bnt were delivered to the trade immediately on arrival, so that stocks in first hands are again hard to obtain. Peanuts, shelled, are also hard to get. Foft shell almonds are slightly dearer, but Brazils and Barce'.onas remain at previous low level. Jordan almonds are mentioned on the arrival list. .Hardware.—-Demand continues to grow, and establishments report being taxed to full ability to cope with business offering, while It is hard to supply all requirements. iScotch hinges are short, also wire netting, the latter hieing quoted at a further adv-.in c. Some separators are quoting at a substantia': reduction. Further bi? undertakings are starting in the city, while subir'is s.''.o.' evidence everywhere of new buildings, this week alone numerous shops, oii.'c.s an-l residences being started with. According to Tepurts from England and Amerii.it, the building trade is receiving attention that has been unknown for years, certainly the present condition is the same here, and the promise for the near future iv all masses ol building which at the present time ls being arranged bids fair to provide a record for this city. DAIRY rRODIXE. Since last report the anticipated advance Sn the price of butter has taken place o. the local market, bringing it nea er .n : ■parity with f.o.b. prices for export to 1 on don. and equivalent with rates already ruli ? In the South. During the month of Angus' 32.550 boxes of butter were .shipped to Lou don. Much larger quantities "of cream a"« toeing sent to the factories, compared will the position this time lasl year. So fuJ the weather has been most favourable thi: spring as far as pasture Is concerned. E;» are coming tin freely, but so far the pri < remains at last week's quotation. In Welii ig ton competition between tbe wholesale- ds tributing houses and the Poultry Farmer-' .Association has caused the market to weaken Eggs are being sold retail in Wellington al 1/4 per dozen, the wholesale price in Auckland. I POTATOES. The position of the local potato market is somewhat peculiar, for while Southern aie firm in their ideas of values, still sufficient supplies are coming to hand to keep the Auckland demand fully supplied. It .would seem, however, that prices mnst advance shortly here in sympathy with f.o.b. prices In the South. It is undenstood there Is a shortage of potatoes in Australia at the present time but New- Zealand potatoes are prohibited from being imported into the Commonwealth. Representations have been made to the Australian Government to l_une the embargo lifted, hut so far that has not been done. If an outlet for potatoes was opened to Australia, it would mean higher .prices here, but would be a good thing for growers in the South. It will not be log now before the Auckland market will be supplied with the local new potatoes, as the ipresent warm weather is very beneficial io the crop, and there is no sign of blight. The Katoa has GHOO sacks of potatoes on board for this market. This includes some seed varieties. ' SEED POTATOES. A fair inquiry is reported for seed potatoes, bnt taking the season as a whole a less area than usual is being planted in .Auckland district. As far as potato planting ls concerned, a good downpour of rain just vow would be welcomed, as it . would render the ploughing easier, and benefit the potatoes that are just showing through. ONIONS. Supplies of onions are sufficient for the present demand on this market, as the high price restricts the consumption. There are ample onions to carry on with until the shipments come to hand from thp United States, which are due to arri.ve snortly. It is. uot likely that further lines of onions will be imported from Australia. MAIZE. im?^ in ? to Ule weather lliat is being experiteateL )° ust ™»a inquiry has set in for market. Prompt shlpt" "Ule™™',, Should the prices lead tion „r.L . materially alter the posi-i.ri.-cs ~,i ~ malze market as far as local at [.rosea U would 'WPcar that

the crop is a good one. and the maize of excellent quality, an outlet for export to Australia would be a good thing for growers on the Coast. OATS. The tone of the oat market is reported a litUe firmer. One reason is the reduction of freights to London, which it is hoped may ! result in export of oats taking place Shou.d ■ this occur it will materially affect prices I for grade oats as supplies of good quality j ar>- no: heavy. Large quantities of under oats are offering, but lines a-re difficult to seli. af, oaly the best quality graiu is wanted for horse feed, as well as for milling purposes. A poor demand is reported in Canterbury for inins and Algerians. BARLEY. This line is still very dull of sale. It :s hoped that nnluccd freights may enable some of the surplus grain to be exported, as it Ls quite evident there Is more than will be required for :he needs of the market iv New Zealand. ■WHEAT. 'More undergrade wheat has been sold of late in the Soulh. It is uuder- ! stood the business it-, being done by speculators who arc storing the grain iv the hojve : that the reduced freights will enable it to ibe shipped at a proflt. It is asserted in [The South that a lot of the wheat classed as undergrade is very little below milling quality, and if stored till next year may be : sold at a proht when tlovemmeut regula- ■ lions will not interfere with free dealing in grain. Without a Government guarantee of price for wheat, it is considered'cer- , tain that a less area will be planted, and ! this may make a better market next year. Ou the other hand, while the grain Is ; stored, even if bought at low figures, it ' means the added cost of insurance aud interest ou the money lying idle. The best hope for the speculator i 3 in export now . ; that freight rates to London have been reIduced from £3 per ton to 37/t'» plus 10 per I cent. The surplus of wheat over the l)o- ---: minion requirements is estimated at be- '| I ween 3.000,000 to 3,250,1X10 bushels. If , that could be exported, the saving in I freijrht to New Zealand shippers would be . about £50,000, which is an important I item. FOWL WHEAT. I The ma-rket for this grain is a little firmer, the quotations being 4,' f.o.b. in the .South, sacks extra. Even at that figure It Its now difficult to get supplies. OHAJTIF. The local market for chaff ls almost entirely supplied from the South. Local | farmers are likely to have chaff left on : their hands, as, owing to the mild spring, i much less has been used for home cou- ' sumption. WHOLESALE CCRRENT PRICES. Farm and Dairy Produce. — Creamery ■hotter, lsjd per lb for prompt cash; farmers' separator. 1/3 per lb; cheese, first grade factory, medium size, 1/ to 1/2 I per lb; hams. IOJd to lid per lb: bacon, OJd. lod, llHd per lb net.; lard, bulk lid, pats 1.2: honey, Drinie grade, lOd: eggs. 1/4 tier dozen wholesale. Flour, £19 15/, less discount of 2} per - cent per ton, in 2001b sacks; sharps, £9 10/; bran, £6 10/; oatmeal, 25's, £27 per toa. Grain.—Oats, A grade. £4 4/ per bushel, ex store: Algerian seed oats, 6/; maize, 5/9 per bushel; fowl wheat, 6/6 to 6/9 per bushel. Chaff,—Best Southern, £9 to £9 10/. Onions. —Australian, 25/ per cwt ex store. Potatoes. —Best quality, £9 per ton, ex store. i SHIPPING FREIGHTS REDUCED. Considerable reductions in shipping freights have been announced. As previously stated, freight on wheat has been reduced from 60/ to 37_'6 per ton. but for November shipment the rate is 40/ and for December 45/. For oats the freight last I December was reduced to 60/ per ton; iv j July it dropped another 5,', and now for I October shipmeJt the figure is 45. for November 50', and for December. 55/ per ton: clovers are 100.', fescue 15/, cocksfoot . 179/, ryegrass, .shelled fog, yarrow and crested dogstall 6eed 12W. All these rates are plus 10 per cent., less 5 per cent. The freight on tallow was reduced in April from £8 2/6 to £6 per ton, which, on a normal shipment of -£5,000 tons means ap- ; proximately saving £30,000 to the 1)0- - miniou. REGULATING LONDON WOOL i j MARKET. 1 Messrs. James Morrison and Co., of Ison- - don, reporting re the I<ondon wool sales, - under date of July 29. state that an : arrangement was entered into In order to , regulate the market, nauieiy that owing to - the congestion of stocks of both new and t Bawra wool, very long intervals must take ; j. Place between the time of arrival of the 5 • wool lv England and the date at which-it ' j should be ottered for sale. Therefore -4t » was agreed that wool cargoes arriving by 1 IMay is should be offered at the September sales, and curgoes arriving ap to July 6, not until the October sales. Wool arriving after July 6 will not be sold till November. The reports adds: "The great delay ,is 'much to be regretted, but it is felt that I only by carefully regulating the quantities can the market be saved from possibly serious decline. It was felt the quantities available were considerably iv excess of : the power of the trade to aboorb without serious detriment to values." j ON CHANCE. Government War Lu-auc had considerable d&mand since last report, and have regi-.-■lered advance in limit cases. Tho exception was the soldiers' 54 per cent loan, which still .-ell within 15 of par. The 4J per cent loans, free ot income tax, 1938 and l&«9, al. par ls.-ues. changed hands up to . i-'M. In '.Mar h, ISZI, these Hues were one-red as low as i.79, and at that figure were a flue Investment. The l'.tto l..au of ■H Per cem are now wanted at 197 15-. at which rates were made of the 1941 loan, while L.V3 15 Is offered for ihe in-.-cr:bt-d 5 p..-; cent loan. P. and v. deferred stock sold durlac the week at'£3lo, • aud buyers now ulier £:-:00. National lsa_.k.-, firmed lo bujer. at £S. and Kauk. of i New Zealand were placed al Ml), al which i rate more w c :e .< >n .-.!. Union Banks i are stronger, being warned at £13 U. fol.l lowing ou at a shilling under that s figure. Aiiikl.ii.il tii.-- .5h...... ■ li;-- I since - la.-t report, sales being tuaJe ai she third c cali .vc-tc.-d._y, at .( ;„- the old an.l 18 6 ■I for the new ~- ue. 1..1-P.. Tlmi-iB could S He --old ai 35', nut iv. .-.-::,.r qii..i.l. Auck■r land Trams are firm ai las; week's quotaturns. WYijou- Umer.: ...lvauced -.mother threepence, bi-lut 5,..d ~, :i:3. [ n m:ui].- - --.e .-hares Moana talari*- h,.d a rist- this week ,„ iron, .-..iles ai 2.10 lo 8 S, after which the n pr.i-c dropped again tn the former rate. At „. the thlnl .-all yesterday sellers asked 3/ „ am: Layer* ..it'ered 2 .;. W ~ihi slu).-.v «..- r ' t st steady at about 28/ aud Grand Junctions ,j. sonl at 1-J.. while buyers of Muir a Itc-f; . c ofterjd 27.'. n ' .

' r STOCK SALES. is !

c! AUCKLAND. z- . The Xew Zealand Loan and Mercantile s ; Agency Company. Ltd.. report: — • We held su'les daring clic past week al ' Vv'esuield aad Papakura. Dairy cattle, . penned in large numbers, shown ti«- ---'" i improvement iv Tallied. The uctnakd to: store cattle has improved some',v_.al, .prao I ticaJly everything penned c&aujpm, hands a I .9 improved prices', 'file yarding ai l'apakum c was iarge, every pen being utilised. Yti t quute: Dairy cows and heifers, best, close c to profit £10 to £16 10/, others £7 to £0 13/; a backward springers, best £7 to £10, others c fl 10/ to £6 13/; aged .cows and iuferioi k heifers, £2 to £1 5/r-yearling heifers, £1 33/ a to £3 13/6; odd ditto, , Jersey, £4 to £<": c empty cows. 13/ to £1.40/; bufls, 10/ to £i c lv/; IS monihs to 2-year steers, £1 12/6 tc c £2 7/tj; yearling steers,- £1 to £1 10/; 2J to i 3-year steers, £2 10/ to £3 12/6; 21 to 4-yeat B steers, £3 15/ to £S 2/. Beef at lolly Westt field prices. •,...,, r Alfred Buckland and Sons, Ltd.. report: r At the Haymarket last Friday we'had a [ large yarding of horses. Aged draughts - wrought from £17 to ±2d, medium £2 J to ■ £34 10/, plough horses £16 to £ii, light ' ..aruess sorts £3 to £42, gig ponies £7 10/ to • £12 10/, hacks £9 to £10. 1 The clearing sa.e -held on account of Mr. ! J. 'Montgomery at East Tamaki on Tuesday , was well attended, aud m-.st satisfactory i prices were realised. Cows iv milk soid to 1 £10, springers to £14 10/, unsound cows £1 " 10/ to £0 10/. springing heifers £6 10/ to £11. L■ We again had a large entry of dairy 1 stock at Westfleld on Thursday. There was ; only a fair luquiry. with values unchanged. '• Best cows £12 to £.16. good cows £9 to £11 1 10/, second grade cows £U 10/ to £S 10/. ! | others £1 10/ upwards. Beet springing heifers £0 to £13. good heifers £7 to £8 10/, | small £2 to £o; empty cows, £1 5/ to £2 10/; I yearling Jersey heHers, £4 10/ to £7; calves, - 10/ to £1 5/. ■ I We held our monthly sale at Waiuku on ' Friday, and had a full yarding. There was • a large attendance, and -practically every- [ thing changed owners. Dairy cattle sold at late values. Stores are in better demand. 1 .Dairy cows and heifers £7 to £1" 10/. according to quality: Inferior and unsound cows and small heifers. £1 10/ to £3 .15/: fat I cows and heifers, £3 to £6 5/: empty cows, • £1 10/ to fi! Ho/; yearlings heifers, £3 to •£3 10/: calves. 15/ to £1 9/; yearling to 2-year-old steers £1 10/ to £2 10/, 3-year-old steers £3 5/. A large entry of pigs soli at fully Westfleld rates 029 soldi. 1 The advertised number of dairy cattle : came forward to the Hunciman dairy sale ion .Monday. There was no Improvement in s prices. Inferior cattle being hard to quit.

HAMILTON. The Farmers' Co-op. Auctioneering Co., Ltd., report:— At Hamilton, on Tnesday, September 5, there was a better entry of sheep, but ..xcepting dairy cattle, which were iv strong supply, fewer cattle were yarded. Then was again a full yarding of pigs. Good competition followed the sheep throughout, fats especially realising good value. Best wethere made to 33/(1, best ewes 25/6, for ward wethers 24/0 to 25/6. forward ewes 15/ to 18/4, forward hoggets 19/8. Nt fat steers were penned, but fat cows were lv strong demand, making .from £6 11/ t.: £S 5/ for heavy-weight, the latter tlgu i being obtained for a pen uf Southern-biec I'olled Angus cows in very prime condition A line of forward steers off turnips, no! quitted at auction, was afterwards disposee of at £4 15/: empty cows were In fair de maud, realising from 35/ to £2 6/; stor* cows from £1 5/ to £1 12/6, yearling am: IS-month empty heifers were a little easier making from £3 to £3 18/; other clas e s ol store cattle were only In small lots and soli! at ruling rates. Good young dairy cows (Jersey!, clone to proflt. made up to £16 others £6 to £8. culls £2 to £4; good 3-vcai Shorthorn heifers, well fortvard. £9 to £10 medium quality £6 to £7 10/, small and back ward £3 to £5. A good number of pin again came forward, and a further decline in the price of heavy pigs was noticeable but porkers maintained the value of thos« reported last week. An Improvement »-a< •shewn In tl-e stores, especially with the slips and porkers. Medium to heavy baconers _£ 10/ to £2 14/, good porkers tn Hghl hackers £2 1/ to £2 S/: small unnnished tc medium porkers 24/ to 37/, good slips to store porkcre 21/6 to 30/, slips 12/6 to 19/6, weaners 9/0 to 10/6. FAT STOCK MARKET. land iLoan and Mercantile a„eney c.0., -utd., report:— !.r t -wJ? M,eM fat * tock ma *<* on Wednesl*X ****, »■»* Penned in average numbera T a ? stea<l >" «.roughout. la« «m Prtoes bel ". g easily s »st«lne<l. md in )dd cases exceeded, especially for the lighter weight cattle. We quote:—Choice >xen to £1 5/ per lOOlb, choice and prime wen to fl 3' per 1001b; rough and P p i™u «en. 13/ to 17.' per WOlb, young cow ana beifer beef 17/ to £1 1/ per lOUlb. other cow oeef 12.1 to 16/, IUOM,. N 0 extra heavy prime sTn,™," 6 ' 1 !?- "_? vy P rt ™e steers, sa SL%' " Wllu ™ Prime steers. £7 MV :"" «'«; "Sbt Prime steer*. £5 I.V to £1 '• <*! small and unfinished steers. £4 to £o 12.V; young cows and heifers. £4 5/ to £7 5<Jther cows, £2 to £4: bulls, £1 0' to £2 l.v' -'alves were penned in average numbers aiid showed no improvement on last week's auotations. Runners £2 IS..' to £5 3/: heavy ntV' i< ?~L\° £2 35 m edhim H 11/ to E2 11. light £11/ to £1 10/. smaller. IX' to n; small ami frsh dropped, 3' to 10/. iPigs were penned in large numbers, selling at late quotations. Choppers. £2 10/ to f4 4" heavy and medium tiaoonere, £2 4' to £2 w.'; light baconers and heavy porkers £2 V to £2 7/: medtum and light pi'.rkera, tt 11, to £2. .store pigs in large numbers l4so at late quotations. Large stores, fl t/ J° ii 10/ : 8ll l*». 36/ to £1 3-; weaners, >/ to Vtxf. iSheep were penned in average mimhers, selling under keen competition at improved values. Heavy prime wether*. £1 14/ to £1 166: medium prime wethers, £1 10/3 to £1 13'; light prime wethers, £1 8' :o £1 10.': untflnished wethers. £1 n' to £1 f-6; shorn wethers. £1 10/ to £1 13 K; heavy md medium prime ewes. £1 6/ to £1 10""; ight prime and unfinished ewes. £1 01) to CI 5/9; shorn ewes, Q 3/ to £1 9/; hoggets, ■leavy £1 5/ to £1 7/0. medium £1 3 to £1 IV: ■ light, prime, and unfinished hoggets, fl to £1 2,1); 6horn hoggets, £1 to £1 %'. Alfred 'Buckland and Sons. I/td., report: — Yesterday ot our weekly Westfleld fat rtock market our entry of 'beef totalled 462 head, comprising 330 steers. 126 cows and heifers, and six -bulls. AVith few exceptions the qualify was first-class. There was l «*eady demand throughout, and mediumweight prime quality cattle were again a trifle firmer. "Extra choice ox sold to £1 ft.'; choice and prime, £1 1/ to £1 4'; ordinary and plain. IS to £1: prime young cow antl heifer beef. 18' to £1 1'; ordinary cow, 14' to 17/6: rough beef. 10/ to 13.'; extra heavy prime steers ranged in price from £11 tc £12; heavy prime. £9 to £10 15/: light et prime £7 5/ to £8 15'; light £•"• 10' to £7: small and unfinished, £3 to £5 s'; cxtr* heavy prime young cows and heifers, ft 10/ to £7 12 '6: heavy prime cows an* heifers. £5 5' to £6 »''; lighter prime. £4 t( £5: others, £1 10/ to £3 13.'. The highest average was for seven steers from Mr Eld ward Allen, .Cambridge, £11; and 01 steers of different consignments made up wards of £0 15. The fiheep pens wen moderately .fllled with a nice class of mitt ton. There waa a keen demand, and value! again advanced. Extra heavy prlm< wethers, £1 16 V to £1 17/ D; heavy prlm< wethers. £1 13 6 to £1 16': medium to heavj prime wethers. £1 10/ to £1 13': light, £1 7/ to £1 9/; unfinished, £1 3' to £1 CD; extra heavy prime ewes, £1 10' to £1 12': heavy prime. £1 B*6 to £1 10'; lighter ewes. £1 5. to £1 8'; best hoggets. £1 5 to £1 79: lighter hoggets. £1 2/ to £1 4'; light, IS)' to £1 1/. .'.1868 sold). Spring fa-mbs, tl)e first of the season, from Mr. Fred Matthews, Otahnhu, 6old at from £1 16 li to £1 10 9. (5 sold). Fat and young calves were >ennetl In average numbers. Competition xaa spirited, acd values were firm at last -veek's improved rates. Runners made from t3 5' to £5 7 X>; hea w vealers. £3 5' to £4 4'; medium do.. £2 10' to £3 4.': light do., £1 1/ to £2 3'; small and fresh-dropped. 3.' tc 11. (262 sold). Fat pigs were yarded tn iverage numbers. There was only a limited lentand, and values showed no Improvement •m last week's prices. Store pigs were Kjnned in large numbers, and also suffered l decline. Light to heavy .baconers, £2 4' to £2 11 '; light porkers to heavy porkers. ■A 9 to % 1711; store piss, £1 to £1 9' slips. 12' W> 17,'; weaners. 6' to 11/. (J3t sold)

Dalgety and Company, Ljtd., report haying held their weekly ca-ie of fat stock at Westheld yesterday as under: — 'Beef.—A good yaw~. b . Prices were Arm at last week's quotations. cattle sold a little beoter. We quote :— Extra choice o* 2V per 1001b, prime ox 13/, other 13' to lty; young cow and heifer beef, 17/ to 21/ per 1001b, oCber 11/ to 16. . Calves.—An average yarding winch sold at late rates. Uunners £2 15/ fo ±4 10., heavy vealers £2 to £i 15.', medium £1 HV to £2, light fl 1/ to £1 10/, fresh-droped 3/ to B,'. Sheep.—A fair yarding. Prices were better than last week. l!xtra heavy -wethers made up to Si', good wethers 30/ io 3a/, others 'Al/ to 5»/; beat ewes 31/, good 2V to 28/. _ , Pigs.-A large yarding. Prices showed a further decline. Heavy baconers £i "/to £3, medium 35/ to £J »/, poriters •£>/ to Si/, stores 8/ to 15/. „ „„«. Lambs.—A small yarding. ißest 2i>/*s, good '.H/ to 26/, others 10. 'to 23/At their monthly stock sale «l Tuakaji ou ■Friday there was a small yarding of dairy stock, which sold at late ratus. A large yarding of store cattle met with a ready sale, prices being better for all classes. They quote: tiobd S.H. Jersey springing heifers i£9 to £0 15.', others fB to £J .»/, backward good quality heifers. £5 to £t> 18/, others CI to £4 15/. 'Kle*y store cow«, aty .to £2 5/: Tow-coudttloned empty cows, £11 to 20/: two-year empty heifers **»•>/" £5 26; yearling Kriesian heifers, £2 10', good S..H. yearling helfer». U IV*. n»» 38' to £2 V; good yea cling b.H. steers ±2. 1 . oihCTS. witt. few Osteins £1 IV: ™i**l coloured yearlings. 28/1 K" lls - I V.. i ° A ~„£ Sheep: A very small yarding. Mixed store wetherß a 1 "1 ewes, 17A ADDINGTON. ' (By Telegraph.—Press Association.) CHRISTCHUKOH, Wednesday. At the Addlngton market there *«« large yardlngs to-day. particularly of fat cattle and fit sheep. Prices eased under the weight of entries. , Spring Lambs.—Thirty were penned and made froui 20/ to 35/, the bulk from 25/ to "swre Sheep.-A mixed entry which Included two pens of ewes and j*"** There was a fairly sound sale for all classes, 'but scarcely as brisk as last wee*. Uood mixed sex hoggets ]«/ to 17/, ordinary mixed 14/3 to 16/3, three-quarter bred ewe hogjtets 21/. cull halflired ewe hoggets 18/8; wethere 14/11 to IS/6, cull wethers 11/1 2 4 and 6-tooth wethers 18/4 to l»/»; falriy IforwaTd ■* <and «-tooth halfbred wethers 20/« to 21/9. inferior 2 and 4-tooth 14/10 to lfi/2; aged ewes and.lamhs 1.1/ to 14/2 all counted; faning-niouthed halfbred ewes in lamb 20/10. 2 and 4-tooth ewes In lamb VB/7, aged halfbred ewes in lanfb 19/. Fat Sheep.—A very large yardiag of Hi races. Graziers did not operate with .ttie same freedom as last week, and the market cased iback hy about 1/6 per bead, there being more passings than usual. Extra .prime wethera 31/fS, prime 24/3 to 27/, medium 21/3 to 24/, light and Inferior 19 <7 to 21/6: extra prime ewes 26/6, prime _n/B to 24/6. medium 19/ to 21/6, light 16/6 to 18/9. ~ . .oKat .Cattle.—Another large yarding of 4i> head, including about 100 from tbe 'North , Island. Thirty-seven of one splendidly- \ Unished draift of 00. from filun Ormm. ] averaged £15 2/. tienerally values were easier than last week hy 15/ to 18/ per head. Extra prime steers £18 to £16 10': price £12 10/ to £14 17/6. medium £0 5/ to ■ £12 5/. light and unfinished £5 7.X, to £S IT>/; prime heifers £7 5/ to £0 2/6. medium £5 10/ to a, Inferior £2 15/ to £5 0/; extra prime cows £9 5/ to £11 7/6. prime £7 to £9. ordinary £4 10/ to £6 IS/. Vealers. —Anything good sold very well at late rates. Ituhners made to G> 12/6, vealers £4 to £5 0/, small calves 5/ upwards. , Store Cattle.—A pen or two of well grown steers met with fair competition, ibut generally there were no quotable lines to give an idea of current values. •Dairy Cattle.—The sale was without any life, hut late rates were maintained. Good second and third calvers on the point of calving realised £I*2: second and third calvers on the point of calving. £5 to £» 10/: first calvers, £4 to £& 10/; aged springers. £1 to £3. Fat Pigs.—A good demand for porters and choppers, hut baconers met with a slack sate. Choppers Jl to D 18/, light porkers 47/R to 52/6, heavy Ki' to 615.'. averace price per rb 7}d to B}d; liurht ■baconers £3 12/ to £4, heavy £4 5/ to £4 10/. average -price per -fb Od to 6id. Store Pigs.—One of the largest entries for the past two years. Prices were considerably lower fhan at recent sales. ■Medium stores to 50/, small 2*4/ to .T>/, slips 18/ to 22/fli good weaners 12/ to 16/, smalt weaners 5/ to 0/. TAURANGA DAIRYING. TAimAMJA. Wednesday. The annual meeting of shareholders of the Tauranga Co-operative Hairy Association, Limited, was held on Tuesday, Mr. T. Lochhead, chairman of directors, presiding. The report showed an increase in output last year of 33 per cent. The quantity of butter made was 751,9ffi1b. Sales of butter realised £58,134. During the year a new terro-concrete factory was erected, costing £52W0, and a new plant costing £3*4 was installed. The payment to suppliers, including the cost of cream carting, was nearly 1/3} per Ih hutterfat. The policy adopted by the directors ol steady consignment and accepting no outright buying price, has resulted in great tinancial gain to the suppliers. The report and balance-sheet were adopted. Thirteen nominations were received for the three vacant seats on the directorate. A hailot was taken, resulting in .Messrs. R. J. (liltonore, S. Keam. and J. K. Taylor being elected. Messrs. Keam and Taylor were the retiring directors. A bonus paid to suppliers at the meeting over £4000.