FINANCE, COMMERCE AND MARKETS.

Auckland Star, Volume LX, Issue 138, 13 June 1929, Page 4

FINANCE, COMMERCE AND MARKETS.

LIVE STOCK MARKETS.

CATTLE STILL IN DEMAND,

BOTH FOR BEEF AND BUTTER

SHEEP AT LOWER PRICES

The local stock market continues in a bealthv condition, with,a brisk demand at auction sales both for stores and fats. He k"enes inquiry is for dairying annua s, felt all classas of cattle are readily cuse, f This state of affairs is genera vo ghcut the Dominion tor while bee cattle at Westfield yesterday realised up to 38/ per 1001b, the top price at A< sl;eS° , o i ; V tne 46 other hand are selling in values is presented by the following comparison With the rates, ruling a T\«*tfield at this time during the last two yCiU ' S ;~ TOP PRICES. June June June 15, 13. 12, 1027. 102 S. ID2O. Beef (per 1001b) .... 27/ 30/ 38/ Fat wethers (per head) 2 / 4b/ 3S/0 Fat ewes (per head) .. 23/b otj/b 04/0 Fat lambs (per head) . 215/0 00/ 00, CALVES ■ no/ft or' onfi/ Runners 0-/° ?'' -™>. Vealers T -/ J2/ 1 " 4/ ''Banners 78/ 07/ 89/ Porkers 08/ W .4/ In connection with calves the price of 200/ realised yesterday- was for a specially choice heifer. About £8 would be closer to a'just comparison with previous sales. The Wool Position. It is not surprising that values of sheep and lambs are tending to be easier tor apart from tne fact that prices at bimtlificld have beeu lower the wool position remains'far from satisfactory. Continuous complains,of depression come from Bradford, where business appears to be exceedingly bad. Referring to future pros-pects,-Messrs. Winchcombe, Carson, Ltd., of Sydney say: — "We are oi the opinion that consumers will want supplies when they are available in bulky quantities some months hence. But we do not wish to mislead growers with wnat may prove false hopes in regard to prices, while the world is producing the large clip it grew this season. Short supplies are necessary to force high values." More Competition. Meantime it is interesting to note that there is a likelihood of a fresh competitor entering the field as a bidder for our farmers' surplus fat stock. A Press telegram received from our Wellington correspondent to-day reads as follows: — "A development in the meat export industry is reported which gives promise not.jomy of greater competition for Xew Zealand stock on the hoof next season, but which will increase the opportunities for our meat of getting into tue United States market. It is understood in Wellington commercial circles that Swift and Co.,' whose operations are world wide, intend entering New Zealand export business. As a preliminary it is necessary to obtain from the Minister of Agriculture a .license to export. This matter, it is believed is already under official consideration.

"JSo interference with existing freezing works' interests appears tp be involved, as Swift and Co. propose to confine their operations to buying stock and exporting meat, utilising the existing freezing works' facilities of the Dominion, which are recognised as being more than adequate for all export requirements." .',... At Westfield. At Westfield yesterday there was an average entry of Deef cattle, with a larger proportion of lighter sorts. Competition •was keen, and recent rates were fully maintained. ' >

The sale of fat sheep was inclined to dullness. The demand was slack, and prices were easiar.

Lambs were penned in average numbers and sold readily at late rates.

There was a heavy yarding of calves, with a keen demand generally and higher prices,- but a slight easing towards the close.

Fat pigs were In good supply, and met a brisk demand with recent values fully maintained. The following. was the range ■of prices, together with those ruling the previous week:-r- ■ '-■•-.' This week. Last week. BEEF (per IOOMj)— ' Extra choice ox 38/ 3S/ Choice and prime ° x ••• 35/' to 37/0 35/ to 37/ Choice and prime cow and heifer 30/ to 34/ 30/ to 34/ .SHEEP (per head)I'riim; wethers .. 33/0 to 3S/9 34/ to 41/ I'finie ewes .... 27/0 to 34/0 ■ 20/9 to 33/G Prime lambs .... 21/0 to 33/ 24/ to 34/0 CALVES (pei' head)— Kturners d 12/ to 200/ \ 10/ to 170/ V eiders 58/ to 124/ uo/ to 120/ PlGS"(pt'i'ht'ad)— /Bat-oners 71/ to 80/ OS/ to 01/ Porkers 40/ to 74/ 44/ to 78/ Weaners (!/ to 15/ 5/ to 14/ •'J'PS ■••• 12/. to 10/ 11/ to 22/ stores .... '-'0/ to -'0/ 25/ to 32/

ALFRED BUCKLAND AND'^SONS. Alfred Buckland juul Sons, Ltd., report: We'peuiied beef*to the number of 392 head, asagainyt 379 head at last Wednesday's sale, comprising 178 steers and 214 cows and' heifers: Although there were fewer heavy cattle penned the quality generally was first-class. There was a keen demand throughout and values were very firm for all classes-.:. Extra choice ox sold to £1' 18/ per 1001b;-choice and prime, £1 10/ to £1 17/; secondary and plain, £1 14/ to £1 15/: prime young cow and heifer beef, £1 10/ to £1 14/; ordinary cow beef, £1 5/..t0 £19/.. Extra heavy prime steers-, ranged from £10 to £16 10/, the latter price for steers from Mr. 0. E. Sampson, Waerenga, bought by Mr. Thomas Paster, Ponsonby Road; heavy prime steers, £14 10/ to £15' '.17/6; lighter ' prime, £13 lo £14 7/6; light prime, £12 to £12 17/6: small.and unfinished, £7 10/ to £11 17/0. The highest averages for steers were: Seven from Mr. C. E. Sampson, Waerenga, £10 8/11; eight from Mr. Chas. Stewart, Taliuna, £14 11/3; 10 from Mr. J. H. Evre, Onewhero, £14 5/; .15 from Messrs. W. J. and H. H. Thompson. Te Awainutu. £13" 16/: 24 from the Wnikato. £13 13/0; 17 from Mr. C. R. Morgan. Matamata. £14 12/4; 10 from the .Guardian Trust, in the estate of the late Mr, A. Bell, £13 11/3. Extra heavy prime young cows and heifers made £10 10/ to £11 17/6: heavy prime cows and heifers, £9.t0 £10 7/0: lighter prime. £7 10/ to £8 17/0: lighter killable cows. £5 to £7 7/0. There was a moderate entry of sheep, and only a limited demand, with little or no alteration in valusS. Heavy prime wethers made £1 17/ to £■

medium to heavy prime, £1 15/ to £1 ]0/9: light to medium prime, £1 13/6 to £1 14/9; unfinished, £1 10/ to £1 13/3; extra heavy prime young ewes. £1 12/ to £1 13/6: heavy prime ev.-es, £1 9/ to £1 11/6; lighter prime, £1 7/6 to £1 S/9; other killable ewes, £1 5/6 to £1 7/3; other ewes, 15 /to £1 4/. Lambs' penned to the number of 263 and sold steadily ai ruling prices (847 sheep penned). Heavy prime lambs made £1 7/ to £1 8/9; lighter prime, £1 5/ to £1 6/9; light prime, £1 1/6 to £1 4/9; small and plain, 19/ to €1 1/. We had a heavy yarding of calves. Values at the commencement of the sale ■■■<:?. very linn, but eaned toward the con- • i')'i, especially for the rough and lighter ■ r 'iit sorts. Runners made £5 12/ to £8 for a heifer from Mr. R. Thompson '_ bnranga; purchased by Mi. J. Rowe, ' /i-.vinarkct; heavy prime vealers, £5 to i-C 10/, Mr. R. Stott, of Birkenhead, pay-

ing the latter price for a particularly wellfinished heifer fattened by Mr. Wellesley Massey, Mangerc; medium vealers, £3 10/ to £4 15/; light, £2 18/ to £3 11/; good bucket-fed calves. £2 5/ to £2 14/: rough and unfinished, £1 3/ to £1 10/: fresh dropped and small, 5/ to £1 2/ 1217 calves were penned). There was an increased number of fat pigs. Bidding was brisk and all classes sold readily. Heavy prime choppers made £4 12/ to £o 7/; lighter choppers, £2 8/ to £3 13/; heavy baconers, £4 5/ to £4 9/: medium, £3 IS/ to £4 4/; light. £3 11/ to £3 15/; heavv porkers. £2 17/ to £3 5/; medium, £2 11/ to £2 14/: light. £2 4/ to £2 8/; small and unfinished, £1 7/ to £2. Stores were at late rates. Xo extra good came forward. Medium sorts made £1 to £1 6/~; slips. 15/ to 19/; good weaners, 12/ to 15/: small. 6/ to 9/: 1.15 good quality pedigree Berkshire weaners from Mr. James Rock, Sunnvcroft. Te Kauwhata, averaged 14/). A total of 443 pigs was sold.

DALGETY AND COMPANY

Dalgety and Company. Limited, report: Beef: Ox beef was penned in average numbers. The qualitv was good, and prices remained firm at last week's rates. Prime bullocks realised £13 5/ to £13 15/; medium. £12 10/ to £13: light,- £11 7/0 to £11 17/0: bullocks sold on account of the Guardiau Trust in the estate of the late Mr. A. Bell realised £12 15/ to £13 5/. Cow and heifer beef came forward in average numbers, the quality being good. Prices remained firm at last week's rates. Prime young heifers from the estate of the late Mr. D. Cameron, Onewhero, realised £8 to £11. the best pen being purchased by Mr. John Rowe, Newmarket; prime cows from Mr. T. W. James, Whakatane, realised £7 to £13 2/0. the latter price, the highest of the day, being paid by Air. J. Collins, Avondale; prime cows from Messrs. Thompson and Ernest, Whakatane. .realised £8 to £10 10/, the best pen being purchased by Mr. A. F. Taylor. Xew Lvnn; extra prime young cows and heifers' realised £12 2/0 to £13 2/6: medium. £9 2/6 to £11; light, £6 17/0 to £8 5/. Extra choice ox sold to 38/ per 1001b; choice and prime, 35/ to 37/6; secondary and plain, 33/ to 34/6; prime voung cow and heifer beef, 32/ to 31/; just 'tillable, 28/ to 31/. Sheep: An average yarding of fat sheep came forward, the quality being fair. Competition was dull and prices showed a slight drop on last week's realisations. Prime young wethers made 30/ to 36/6; medium, 34/9 to 35/6; light. 30/9 to 33/9; prime heavy ewes, 32/: medium. 30/3: light. 29/. Prime heavv wethers sold on account of the Matam'iha Downs estate, Putarurn, realised 32/9 to 36/6, the best pen being purchased by Scott's, Limited, Devonport; prime heavy ewes sold on account of the estate of the late Mr. D. Cameron, Onewhero, realised 29/ to 32/. Lambs: An average yarding- of fat lambs sold at late rates. Calves: An extra heavy yarding of calves came forward with a consequent easing in values toward the end of the sale. Our top price calf was purchased by Mr. A. W. Scotting, St. Helier's, at £6 6/. Heavy vealers made £5 10/ to £6 6/; medium, £4 5/ to £5 5/: light, £2 10/ to £4; small, £1 10/ to £2 5/. Pigs soid steadily as fully recent rates. Heavy baconers made £4 2/ to £4 7/; medium baconers, £3 15/ to £4; light baconers. £3 5/ to £3 12/; heavy porkers, £2 13/ to £3: medium porkers, £2 5/ to £2 12/; light porkers, £1 18/ to £23/.

LOAN AND MERCANTILE. The Xew Zealand Loan and Mercantile Agency Company. Limited, reports:—Beef was penned in average numbers, cow and heifer 'beef predominating. There was a steady demand with values firm at late rates. Extra choice ox sold to 33/ per 1001b; choice and prime, 35/ to 37/6; ordinary and plain. 33/ to 34/0; prime young con- and heifer beef. 32/ to 34/; ordinary cow beef, 28/ to 31/: heavy prime steers, £14 12/(3 to £15 10/; lighter prime, £13 to £14 10/; light prime, £11 10/ to £12 15/; unfinished and small, £0 to £11.7/6; extra heavy prime young cows and heifers, £10 to £12 15/; heavy prime, £9 to £10 7/6; lighter. £8 to £8 17/6; light cows, £6 15/ to £7 17/6; other cows, £5 to £6 10,'. Extra heavy •prime heifers from Air. Charles Walter, Onewhero, realised up to £12 15/, being purchased by Mr. A. W. Scotting, butcher, St. Helier's Bay. Sheep were yarded in average numbers. Competition was* keen throughout with valued on a par with last report. Heavy prime wethers made £1 17;' to £1 18/9; medium prime. £1 15/0 to £1 16/9; Hght prime, £1 13/6 to £1 15/3; small and unfinished, £1 9 'to £1 13/; extra heavy prime, ewes, £1 13/6 to £1 14/6; heavy prime. £1 11/6 to £1 13/3; medium prime, £1 9/ to £1 11/3; light :rime, £1 6/9 to £1 8/9. Lambs were penned in average numbers and sold readily at late values. Extra heavy prime made £1 10/ to £1 13/; heavy prime, £1 7/ to £1 9/9; medium prime, £1 5/ to £1 6/9; light prime, £1 3/6 to £1 4/9. Pigs penned in average numbers and sold readily at late quotations. Choppers sold at from £2 -15/ to £4; h";ivy and medium baconsra, £3 15/ to £4 9/; light baconers and heavy porkers, £2 18'' to £3 14'; medium porkers and light porkers, £2 to £2 16/. Store pigs sold at late latcs. Large stores made £1 1/ to £1 6/; slips. 12/ to 18/; weaners, 6/ to 11/. Calves were penned in large numbers. Small calves sold readily at improved values. Runners were inclined to be slightly easier. Runners sold at £6 to £10 6/ fo- a heifer fattened by Mr. H. Martin, Huinia, purchased by Mr. -T. Rowe, butcher; heavy vcalers. £5 to £6 4/; medium, £4 to £4 18.'; light, £2 18/ to £3 19/; smaller, £! 10/ to £2 15/; small and fresh-dropped, 6/ to £1 9/; rougli calves, 15/ to £1 15/.

IN THE COUNTRY. Alfred Buckland and Sons, Limited, report:—During the week Ave held sales at Westfisld, Wellsford, Kumeu and Tuakau, pig sale at Waiuku and three clearing sales. Dairy cattle continue to bo in I strong request and high values are ruling. I Best cows sold at £17 to £25; good cows l and'heifers. £12 to £16; second grade, £3 Ito £11 15/; others, £5 to £7 15/. The herd of Mr. M. D. Moore, Waiau Pa. averaged £15, and that of Mr. Thos. Miller, Onewhero, £15 10/. Average yardings of store cattle are coming forward and meeting with a ready sale. Grown steers in •forward condition made £9 10/ to £10 7/6; three to four-year-old steers, £8 to £0 5/; two to three-year-old steers, £7 to £8; yearling to 18-month-old steers, £4 10/ to £0 10/; steer calves, £3 10/ to £4 10/; well-bred heifer calves, £4 to £5 5/; other calves, mixed sexes, £1 15/ to £3 10/; cows with calves, £7 to £10 10/;. empty' young cows and heifers, £4 to £5 15/; store and boner cows, £2 10/ to £5 10/; fat steers, £10 5/ to £14 10/; heavy voting fat cows and heifers. £8 to £10.15/; lighter fat cows and heifers, £5 10/ to £7 17/6; heavv bulls, £7 to £9 15/; sound voting herd bulls. £6 6/ to £12 12/; other bulls, £2 to £5 10/. There was a fanyarding of pigs at Waiuku, which sold at Weatfield values.

The Xew Zealand Loan and Mercantile Agency Company, Limited, reports: —Sales were held during the past week at Westfield, Pukekohe (cattle and pigs), Waiukn (cattle and pigs) and two clearing sales. In all instances we report good sales, with values firm for all classed of cattle and pigs. There is a keen demand for good dairy cows and heifers, which are realising high values. Mr. Geo. Carter's sale at Bombay was a particularly good one, the dairy cows realising up to £25. Wo quote: Extra choice dairy cow*; and heifers, £20 to £25; good dairy cows and heicera, £12 10/ to £19; medium to fair, £9 to £12; others, £6 to £8 15/; aged cows and inferior heifers. £3 15/ to £5 17/6; bulls, £4 to £21, according to breed, quality, etc.; boner and store cows. £3 10/ to £6 10/;■ weaner heifens £2 to £4 15/: weaner steers, £3 to £4 5/; yearling bo 18-nic-nths heifers, £4 to £6 10/; ye'trling'to 18-montus steers, £4 10/ to £5 10/; two to 2%-ye.ir steers, £6 to £7 10/; three to 3%-ycar steers, £7 15/ to £8 15/; four to 4%-year steers, £9 to £9 15/: grown steers in forward condition, £10 to £11.