COMMERCIAL

Evening Post, Volume CXIX, Issue 111, 13 May 1935, Page 3

COMMERCIAL

LIVESTOCK SALES

FEILDING MARKET FIRM

A heavy yarding of all classes of sheep was submitted at the Feilding sale on Friday, and Abraham and Williams, Ltd. repor^ that there was a keen sale throughout, both store and fat lambs' meeting with strong competition. Breeding ewes of raliable qualities also solicited keen competition, practically the whole of the yarding m each of these departments changing hands at auction. A light entry of fat cattle came forward, comprised principally of dairy-bred sorts, lliese also, met with strong competition, values hardening considerably out last weeks.rates. Cows and heifers close to profit were ot poor quality, consequently only a fair sale resulted. ', , ■ Run-bred cattle remained firm on recent sales. ■ ; . Quotations:— Fat Sheep.—Lambs, 16s Id, 16s 6d, 16a ia, 17s, 18s, 18s 3d, 18s 6d, 18s lOd, 20s ?«' V? 3d> 22a 3d; ewes- 9b> 13s 4d, 14s, IBs sd, 17s 6d; wethers, 22s 4d, 22s 6d. 24s Bd, 255. Store sheep: Ewes r.w S.D , 14s 9d; 4 and 5-year ewes. v.w. S.D., ISs la; f. and f. wethers, 20s, 21s Bd, 22s 3d, wethers, 18s 9d; store lambs, 13s 9d, Us 2d, 14s 9d, 15s 4d; wether lambs, 8s 3d, 10s 2d, 13s 10d; ewe lambs 15s 4d; b.f. lambs, 12s lOd. 14s, 14s dd', 15s, 15s 3d. tat cattle: Fat Hereford cows, £4 17s; fit Hereford, heifers, £4 ,10s; fat cows, £2, £2 5s £2 7s 6d> £2 10s, £2 17s 6d, £3, £3 ss, £3 10s, £3 17s Gd, £i 7s 6d. Store cattle: Cows. 12s, 15s, 19s, 21s, 255, 30s, 325, 38s; station cattle, wnr. P.A. heifers, 33s 6d; wnr. P.A. steers, £2 135,. £2 163. Dairy cows: Spg. cows, £3, £3 ss; heifers, r.w.b., £2 ss. The, New Zealand Loan and Mercantile Agency Co., Ltd., report a Jarge entry of sheep-atFeilding. The bulk of the yarding comprised store lambs which did not ceil quite as readily as. recently. Prices were generally easier by about 9d per head. There was a good-demand for ewe lambs, provided prices were not above 18s Sd Practically a total • clearance was made of lines passed in at auction. Good-mouthed ewes were in keen demand, 4-year ewes selling up to 265. Only a limited number of good ewes were offered. There was a better sale, of fat lambs as a result of competition from another export company Some of the prices realised "by the company were as follows :r-40« 4 and "5-year ewes, 19s 3d; 70 4 and 5-year ewes, 19s lid; 130 good 4-year ewes, 265; 30 s.m. ewes, 13s6d; 55 4-tooth ewes, 275; 40 s.m. ewes, ISV Td; 170 store ewes, 16s 8d; 34 w. ambs, 12s 7d; ,56 ewe lambs, 16s; 162 ewe lambs, 18s 3d; 30 m.s. lambs, Us lid; 129 w. lambs, 14s 2d; 159 w. lambs, 14s Id; 166 w. lambs, 13a 6d; 85 b.f. lambs (small) 8s lid; fat lambs from 16s 2d to 18s lOd; fat wethers (light) j 19s»3d; fat ewes 12s 3d. to 13s. 6d; fat cows, dairy sorts, £'2 2s 6d to £3 2s 6d. -; ■■ SHARP RISE IN FAT LAMBS. , New "Zealand Farmers Co-op. Distributing Co., Ltd., report that at the Feilding sale exporters operated very freely in the fat lamb pens, with the result that values rose sharply by up to 2s per head. Fat ewes and wethers remained .firm at late rates. Good breeding ewes sold at late rates, and good store lambs sold well. lat cattle sold on a par with last week. Bidding on the store cattle pens was restricted, with the result that most of the business was done privately. Quotations:—Fat ewes, 16s, 10s 6d, 17s, 18s; fat wethers, 21s, 225, 22s 6d, 235; fat lambs, 17s 6d, 19s, 20s, 21s, 225, 22s 7d. Store sheep: WJT.W. lambs, 10s 6d, 11s 6d, 12s 3d, 13s',10d/ 14s 3d; B.F. lambs, Us, 12s 3d, 129;9d,.i135, 13s 6d, 15s; ewe lambs, 14s, 15s, .16s, VJs 6d; wethers, 18s 3d, 19s, 21s, 225; "5-year ewes r.w. S.D. rams, 18s Od, JQs 7d', 20s, 20s 6d; 2-tooth ewes, r.w. S.D:-rams, 225, 25s 3d. Fat cattle: Fat bullocks, £5 ss, £5 10s, £6 ss; fat heifers, £3 to £'4 sa; fat cows, £% 10s to £4 10s; vealers, 30s. Store cattle:. P.A. steers, £3 15a, £3. ISs, £4; Hereford bullocks, £5, £5 10s, £5 12s. Daily stock: Springing heifers, £2'ss to £3 10s; springing cows, 25s to £3 10s; heifers r.w.b., £2 to £2 15s; weaner heifers, 15s, 16s> 18s, 19s, 225.; " i,,, . FAT EWES \H DEMAND. ', Dalgety and. Company, Limited, report a nominal yarding in all sections. Fat lambs sold steadily at schedule rates. Fat ewes were in demand for best sorts, lower grades were inclined to be neglected, and only best finished wethers were required for the. trade. ~ A small yarding of store ewes was submitted and the demand for any reliable ewes, was well sustained and the market-remained very firm at recent rates. ' A few pens of store wethers were submitted and were sold at prices fully up to and -in advance, of the price for fats v Store Jambs were very mixed in quality and the'sale" was inclined to be irregular, but, there only a small easing on some 'lines.' '• Ewe lambs' again commanded, attention and sold strongly. , A small entry of run beef was submitted.and recent prices were maintained. Dairy beef opened-well, but as the ,sale progressed prices' eased to compare'favourabjy with last week's sales. There w,as a fair yarding of store cattle with onlyj a fair inquiry, but satisfactory sales were made."'There was an average yarding of dairy cattle with winter ealvers in demand, also spring calving heifers. Quotations: Fat lambs, 15s 6d, 16s 3d, 16s sd, 16s 9d; 17s 7d, 17s lOd, 18s, 21s; fat ewes, 13s 6d, 14s, 15s, 16s 6d; fat b.f.'e, 20s, 20s 3d; w.f. lambs, :12s; b.f. lambs, 12s 6d, 14s 4d, rl4s 6d; w. lambs, 8s 9d, 12s Id, 12s 9d, 13a 3d, 14s 3d,.Us 8d; w.f.s. lambs, 14s 3d; .ewe lambs, lls 9d, 16s, 16s 6d, 17s 3d, 17s 6d; m.s. "lambs, 9s 6d, 10s 4d; 2-tooth ewes rlw. S.D. rams, 18s 6d, 22s 9d,' 4and 6-tooth., ewes, r.w. S.D. rams, 275; m.a. ewes, ditto, 17s Id, 17s 7d, 20a 3d, 225, 24s 3d; 5-year ewes r.w. S.D. rams, 13s 9d, 16s; 2-tooth wethers, ISs 3d, 18s 6d; dairy: cow& £310s; dairy heifers, in milk, £1 7s 6d;. dairy heifers, r.w.b'., £2 2s6d. £2., ss; store cows, 15s to 295; fat cows, £1 10s to £3 7s 6d. ."--.. ,: , \. PIGS AND POULTRY. -The. ■Dominion Auctioneering Company, Palmerston North, reports a good increase in prices: realised-for all classes of pigs at- their; weekly mart sale on Saturday. There was a good yarding, realisations being aa follows:—Weaners, 6s to 9s; slips, 8s to 12s; stores, 14s, 15s, to 18s; porkers, 255, to 26s up to 37s 6d. Prices are on a par with last week's realisations for poultry, being as follows:—White hens, 2s to 3s 6d per pair; black, 4s to ss; white cockerels, 3s 2d to ss; black, 4s 6d to 7s; ducks, 3s 6d to 5s 6d. , ■ . -j '' FOREIGN EXCHANGE RATES Closing sight rates as quoted by the Bank of New South Wales, Wellington, today, for buying and selling foreign currencies,_based on New Zealand currency, are as follows:— On On demand. demand Buying. Selling. S s. (I. £ s. d. Now Zealand on London—SN.Z. to £ stg. ■ ■ 100 123 10 0 124 7 6 Australia— £A to £N.Z. 100 101 0 0 100 10 0 Fiji—£F to £N.Z; 100 00 7 6 89 0 0 Now York—Dols. to £ N.Z. 1 3.04% 3.90 '■ Montreal—Dols. to SN.Z. 1 3.04^ 3.90 Franco—Francs to £ N.Z. 1 60.26 55.71 Noumea—Francs to £ N.Z. 1 61.31 57.96 Papeete—Francs to £ . N.Z. 1 61.31 57.06 Belgium—Belgas to £ N.Z. 1 — 22312 Germany—Ketchmarks to £N.Z. 1. — 0.502 Italy—Lire to £NZ. 1. — 47.02 Switzerland—Francs to £ N.Z. "1. • 12.388 11.923 Holland—Florins to £*" IJJ.Z. 1 5.051 5.038 Java—Florins to £N.Z. 1 5.925 5.653 Japan—N.Z. pence to 1 yen — — Shanghai—N.Z. pence to 1 dollar 24 5-16 25 11-16 India and Ceylon—N.Z. pence to 1 rupee 22% 22 21-32 Hone Kong—N.Z. peuca to 1 dollar 359-16 3011-16 Singapore—N.Z. pence to 1 dollar 345-I6 35 3-16 Czechoslovakia—Crowns to £N.Z. 1. — t ' 93.49 Denmark—Kroner to & N.Z. 1. 18.218 17.938' Norway—Kroner to £ '~ N.Z. 1: 16.208 15.928 oweilcii—Kronor to £ N.Z. 1 15.800 15.520 Austria—Schillings to £ N.Z. 1 _ 20.61 The above rates are for on demand transactions, excepting the Japapese yen, which is for telegraph transfers. The £1 is £1 in New Zealand currency. The rates are subject to alteration without notice,