LIVE STOCK MARKETS.

Auckland Star, Volume LXIV, Issue 21, 26 January 1933, Page 4

LIVE STOCK MARKETS.

EFFECT OF EXCHANGE RATES

IALL classes share advances.

LONDON VALUES UNCHANGED

Since last report there has been m important change in the British selling centres for New Zealand produce, but the action of the Government in increasing the exchange rate has had a marked effect 111 stimulating local markets in which a slight improvement had nreviously been noted in certain sections, latest reports froro London indicate a fair market for New Zealand meat at Smithfield, but in Tooley Street our dairy produce is rated ex tremely low, with top price for butter al 80/ per cwt. It cannot be emphasised too strongly that it is the London assessment of values which, in the long run, will determine the relative prosperity of our fanners. Assistance gained from exchange fluctuations is hedged round with so many complicating factors that, on balance, the advantages apparently gained by the primary producers can be heavily discounted. However, the first result of the political move has been to infuse into the markets for live stock a buoyancy that comes as .1 welcome change after a long period ol dullness. At country sales the demand for store sheep is particularly good,_ and pigs also are selling readily at higher prices. Store cattle, likewise, are slightly firmer. At Frankton and Westfield the values of fat stock showed all-round increases this week. The freezing works are still very busy dealing with heavy quantities of lamb and other stock, and in connection with these farmers who had not previously disposed of their stock will reap the advantage of higher schedule rates now offered by dealers. Dairy farmers will obtain an immediate benefit, as produce agents in the Dominion have increased advances made on export consignments of butter and cheese as from Tuesday. The new rates are 8d per lb butter and 4'/id per lb cheese, as against 7%d and 39id per lb respectively previously ruling. The rates are adopted by all agents, and are based upon 80 per cent of the approximate value or the produce. At Westfield. At Westfield yesterday the entry of beef cattle was below the average. There was a keen demand, and values rose in consequence from 10/ to £1 a head. Calves sold at about late rates. There was an average entry of fat sheep and lambs, and, with lively competition, all-round advances were registered. A large entry of pisis came forward, and with brisk bidding a sharp rise was registered. The range of prices, together with those ruling the previous week, was as follow:— Tliis Week. Last Week. BEEF (per 1001b)— Extra choice ox 21/ 18/ Choice and prime , , ox 17/ to 20/ 10/ to 17/ Choice and prime cow and heifer 16/ to -0/ 14/ to li/ Boner and rough . 10/ to 17/ 8/ to 10/ SHEEP (per head) — Prime wethers .. 12/0 to 17/9 10/6 to 16/ Unfinished wethers 8/ toll/9 8/ to 10/6 Prime ewes V to 11/6 0/6 to 11/O pSSJ&mb. ..... ri/tolß/O 7/3.015/ Unfinished lambs . 0/6 to 0/ 0/ to '/ CALVES (per head)— 25/ to 00/ 25/ to 50/ veaiersl6/ to 42/ w/ to 43/ PIGS (per head)RSSr..u::™W i»/« slips 11 '' 8 ::::::: •': ™ « •*' 1( y, t to it/, stores 20/ to 27/ 14/ to 10/ DALGETY AND COMPANY. Dalgety and Co., Ltd., report on the 3al ßeS.-°Our V offering of ox b^ vas ,n average one, which met with a iemand, and values show an appreciation Df 20/ per head. Cow and heifer beef also -ame forward in average numbers, and this class also met with a strong demand it the advanced rate. Extra choice ox sold 21/ mer 1001b; choice and prime oi., 18/ to 20/; just killable, 15/ t ° B l / 7/ ' t P irnune cow and heiter beef, 18/ to , fust kibble, 11/ to 17/, Extra heavy jrime steers ranged in price from £7 12/o : o £7 17/6, for steers sold on account ;he Matarawa Land Company; .. ->rime steers £6 15/ to £7 10/; lighter rSe steers £6 to £6 12/6; light prime steers, £5 2/6 to £5 17/6; small and unSed steers, £1 12/6 to £5; extra reavy prime young cows and heifers, ±,0 o £5 17/6; heavy prime cows and heifers, £4 to £4 17/6; lighter prime cows and leifers, £3 to £3 17/6; other killable jows, £1 12/6 to £2 17/6. Sheep.—The yarding of fat sheep was i very short one, and a brisk sa * e •esulted, with values improved for wethers >/ per head. Fat ewes also were in good lemand, and sold readily at improved •atee. Extra heavy prime wethers made From 16/ to 16/9; heavy prime, 15/3 to L 5/9; medium, 13/6 to Id/; light and unwished, 11/6 to 13/; heavy prime ewes, 3/6 to 9/3; lighter, 7/3 to 8/3; other ewes, The yarding of lambs was an iverage one, for which the demand was rood, and values show an improvement on iate rates. Heavy prime lambs fro l * l 13/ to 14/; medium, 11/9 to 12/9; light, )/ to 11/6. Calves.—Calves were penned in average numbers. The demand was steady and values remained on a par with last week s quotations. Runners made from £15/ to £2 6/; heavy vealers, £1 10/ to £11//; nedium, £1 6/ to £1 9/; light, £1 to £1 5/; small, 10/ to 17/; rough, 5/ to 10/; small and fresh dropped, 2/ to 6/. Pig3.—A heavy yarding of pigs came Forward, meeting with a keen demand, 7-esulting in values showing a sharp rise m ]ast week's quotations. Heavy baconers made from £2 10/ to £2 19/; medium, £2 3/ to £2 8/; light, £1 16/ to £2 1/; leavy porkers, £1 12/ to £1 17/; medium, £1 8/ to £1 10/; light, 19/ to £1 6/.

ALFRED BUCKLAND AND SONS. Alfred Buckland and Sons, Ltd., report on the sale as follows: — Beef—Our entry of fat cattle numbered 183 head, as against 277 head at last Wednesday's market, comprising 109 steers and 74 cows and heifers. There was a decided improvement in the demand, with a sharp rise of fully £1 head for steers and about 10/ head for heifers and prime young cows. Extra choice ox sold to £1 1/ per 1001b; choice and prime ox, 18/ to £1; secondary and plain ox, 15/ to 17/; prime young cow and heifer beef, 16/ to 19/; ordinary cow beef, 10/ to 15/. Extra heavy prime steers ranged in price from £8 to £8 10/ for steers from Mr. H. E. Reed, Waerenga; heavy prime steers, £7 5/ to £7 17/6; lighter prime steefs, £6 10/ to £7 2/6; light prime steers, £5 10/ to £6 7/6; small and unfinished steers, £3 10/ to £5 7/6; extra heavy prime young cows and heifers, £4 10/ to £5 2/6; heavy prime cows and heifers, £3 15/ to £4 7/6; lighter prime cows and heifers, £3 to £3 12/6; other billable cows, £1 10/ to £2 17/6. Sheep.—Sheep were penned to the number of 1435, and met with keen competi--1 tion throughout, all classes again advancing, wethers fully 1/ head, and ewes 2/ to 2/6 head. Extra heavy prime wethers made from 16/6 to 17/9 for wethers from Mr. J. P. Kidd, Karaka; heavy- prime wethers, 15/ to 16/3; medium to heavy prime wethers, 13/6 to 14/9; light to medium prime wethers, 12/6 to 13/3; unfinished wethers, 10/6 to 11/9; extra heavy prime young and maiden ewes, 12/ to 14/6; heavy prime ewes, 9/ to 11/3; lighter prime ewes, 8/ to 8/9; other billable ewes, 6/ to 7/9. Lambs. —There was a full supply of lambs, and here again values were firmer (773 lambs sold). Extra heavy prime lambs made from 15/6 to 16/9, for lambs from Mr. W. S. Laurie, Taupaki; heavy prime lambs, 13/9 to 15/3; lighter prime lambs, I 12/6 to 13/6; light prime lambs, 10/ to 12/3; small and plain lambs, 5/(j to 9/6; ,wccdy, lambs, ,3/ to 4/9,

Calves.—We had an increased offering of calves. There was no improvement in the demand, and values ruled at about last week's level. Runners made £1 5/ to £3 for an extra heavy Shorthorn heifer; heavy vealers, £1 15/ to £2 2/; medium, £1 6/ to £1 10/; light, 16/ to £1 1/; small, 8/ to 13/; rough and bucket-fed, 5/ to 10/; bobby calves, 2/ to 5/ (a total of 210 calves was sold). Pigs.—There was a full yarding of fat pigs. Bidding was very spirited, and our quotations show a considerable advance tor all classes. Choppers made £1 5/ to £2 8/; heavy prime baconers, £2 14/ to £2 19/; medium, £2 8/ to -£2 11/; light, £2 to £2 4/; heavy porkers, £1 15/ to £1 18/; medium, £1 10/ to £1 13/; light and unfinished, £1 3/ to £1 8/; stores, £1 to £1 3/; slips, 14/ to 17/: good weaners, 10/ to 13/; small and weedv, 6/ to 9/ (total of 593 pigs was sold). LOAN AND MERCANTILE. Hie New Zealand .Loan and Mercantile Agency Company, Limited, report ou the sale as follows: — Beef.—Beef was penned in average numbers. Ihere was a decided improvement iu the demand and we report a sharp rise in values from 15/ to 20/ per head. Extra choice ox sold to 21/ per 1001b; choice and P l ;™® ox > 17/ to 20/; ordinary and plain OX, 14/ to 10/; prime young cow and lieifcr beef, 17/ to 20/; ordinary cow beef, 13/ to 10/; extra heavy prime steers ranged in price from £8 to £8 10/; heavy prime stceie, £7 to £7 17/6; lighter prime steers, £6 to £6 17/6; light prime steers, £5 | to £5 17/6; unfinished and small, £2 10/ to £4 15/; extra heavy prime young cows and heifers, £5 to £5 12/6; heavy prime young cows and heifers, £4 to £4 17/6lighter, £3 2/6 to £3 17/6; light cows, £2 5/ to £3; other cows, £1 to £2 2/6. Prime steers from Mr. H. E. Reed, Wacrenga, realised up to £8 10/. Sheep.—Sheep were yarded in average numbers. Here, as with beef, the demand was keen and values improved, prime wethers being 1/ to 1/6 firmer, prime ewes being 2/ to 2/0 better. Heavy prime wethers made from 15/ to 10/9; medium prime wethers, 13/ to 14/9; light prime wethers, 11/ to 12/9; small and unfinished wethers, 8/ to 10/9; prime maiden ewes, 12/ to 13/; prime hoggets, 10/0 to 13/0; heavy prime ewes, 10/ to 11/; medium prime ewes, 8/6 to 9/9; light prime ewes, 7/ to 8/3; inferiorly fatted ewes, 2/0 to 0/.

Lambs.—Lambs were penned in average numbers, bidding was brisk and values for all classes of pxime and store lambs advanced 1/ to 2/ per head. Heavy prime lambs made from 15/ to 10/3; medium prime, 12/9 to 14/9; light prime, 10/ to 12/0; unfinished, best, 7/6 to 9/; others, 6/ to 7/3.

Pigs.—Pigs were penned in' large numbers. They also met with an improved demand, bidding being very spirited for all sorts, fats and stores, and we report a sharp rise of 5/ to 8/ in the case of fat pigs. Choppers sold from £1 10/ to £2 10/; heavy and medium baconers, £2 10/ to £2 19/; light baconers and heavy porkers, £1 18/ to £2 9/; medium porkers and light porkers," £1.8/ to £1 17/. Store pigs improved considerably in values. Large stores made from ' £1 2/ to £1 7/; slips, 16/ to £1 1/; weaners, 7/ to 15/.

Calves.—Calves were penned in average numbers and although there was a steady demands-values were inclined to be easier on last week's sale. Runners made from £1 10/ to £2 15/; heavy vealers, £1 10/ to £1 18/; medium, £1 to £1 9/; light, 16/ to £1 3/; smaller, 10/ to 15/; small and fresh-dropped, 2/ to 8/; rough, calves, 5/ to 10/. THE ADDINGTON MARKET. ALL SECTIONS ADVANCE. (By Telegraph.—Press Association.) CHRISTCHURCH, Wednesday. Values at the Addington stock market to-day were considerably affected by , the new export schedule, and influenced by the higher exchange, there being a general advance in all sections. For fat lambs there was a rise of 2/6 a head for a fairly large entry of good quality. Store lambs advanced 1/0 to 2/, fat ewes 2/ and wethers 3/0. Butchers and exporters competed keenly. Fat cattle advanced 10/ to 15/ a head. Store Sheep.—This section included a fine selection of lambs. Forward lambs made 11/3 to 12/0; medium, 10/ to 11/; average, 8/ to 9/0; culls, to 7/0; Corriedale wether lambs, to 8/1; half bred, to 8/11; three-quarterbred ewe lambs, to 9/3.

Fat Lambs.—The yarding of 4700 was one of the best quality entries for some time. Extra prime realised up to 20/10; prime heavy, 16/6 to 18/0; medium, 13/0 to 10/; light, 11/ to 13/. Fat Sheep.—The small entry was of good quality and values for all classes rose substantially at the outset. Extra prime wethers brought up to 20/; prime, 16/6 to 18/; medium, 14/6 to 16/; ordinary, 13/ to 14/3; light, 10/0 to 12/6; extra prime ewes, to 14/10; prime, 12/ to 13/6; medium, 10/ to 11/1; ordinary, 8/ to 9/0; light, to 7/6. Fat Cattle. —The entry was of mixed quality and sold irregularly. The average advance was good. Best beef made 18/0 to 21/ per 1001b; good steer beef, 17/ to 19/; medium, 10/ to 17/; heavy, 15/6 to 17/0; medium cow, 11/ to 13/6; rough, down to 9/. Fat Pigs.—There was a medium entry with slightly better demand. Choppers made 33/0 to £2 18/6: porkers, 18/ to 23/0; heavy porkers, 25/0 to 28/6; extra heavy porkers, to 30/ (average price a lb, 3%d to 4%d); baconers, 31/6 to 38/0; heavy baconers. 40/ to 46/6; extra heavy baconers, to 30/ (average price a lb, 3V4d to 3%d).