COMMERCIAL

Greymouth Evening Star, 15 January 1925, Page 7

COMMERCIAL

ADDINGTON 1 MARKETS. . (Special to “Star.”) \ -. ■ —* • ■ CHRISTCHURCH, 'January. 14. The National Mortgage and -Agency Company, Ltd., report,on to-day’s Addington sales A fair yarding of inferior cattlfe, a large number of cows being forward. Prices were firm on last week’g, by 14/ per ’head; extra choice beef 45/ per lOOlbs; prime 40/ to 43/, medium 37/ to 39/6, light from 33/6 to 36/6, and a few rough down to 25/ per 1001 b. A fair yarding of store sheep, with prices on a par with last weeks’. Values were: Forward lambs 34/4, four and

six-tooth wethers 3/6, sound and furlmouth ewes 42/3, ewes and lambs 35/1. A small yarding of fat 'sheep, only eight races being yarded. Some very prime lines of wethers were forward, and on the whole values were slightly in advance of last week’s; extra wethers 51/, prime .47/, medium 43/5. light 39/6, prime ewes 40/, medium 37/, light 33/6. . ’ ‘, A fair yarding of fat pigs and one consignment from Rotomanu made splendid prices. Messrs Dalgety and Co., Ltd., re- : port:—■ ’ Fat Sheep: A small yarding; best wethers 44/ to 48/, 'medium 40/,to 42/, light and unfinished 37/ to 38/6, heav- 4 iest ewes v 4O/ to 45/, prime 34/ to 37/, medium 28/ to 30/. Fat Lambs.—Ah average yarding-' with quality somewhat indifferent: best lambs 40/ t0.44/4, prime. 37/6 to 39/, equal to over all. Store Sheep.—A larger yarding and a wonderful sale, especially for rape lambs, which sold as follow:—Extra good 32/ to 34/, good 29/ to 31/, medium.,--24/ to 25/, culls 20/ upwards; big crossbred wethers 34/ to 36/, medium' wethers 30/ to 32/. Very few ewes werb offering. Fat Cattle.—A good entry comprising about 460 head with the usual large number of cows, although several lines of locally fattened choice steers were penned. The sale was good at prices a little better than a tlast week; best quality medium-weight .steers to 45/, good prime 40/: to 43/, medium quality 36/. to 38/ per lOOlbs ; best heavy steers to £2O 19/6, prime £l6 10/ to £l9, ' medium £l3 to £l6.

Messrs J. R. Brown and Co. report: — Fat Cattle.—4oo head were yarded, only 30 per cent of which were prime steers. The market for the latter was very ’good, the price per hundred lbs being 45/-’ to 46/-, best cow and heifer 38/- to 41/-, lower grade steers and cows 44/- to 37/-. . Butchers all want

supplies. ' Fat Sheep.—A small yarding and a good sale; an improvement on last week by two shillings per head. Fat lambs. —A smaller yarding , than at last week, wi,th a keen sale at

per lb, and in. some cases up to thir-

teen pence. - 1 ■ Store Sheep. The abundance of feed everywhere is making the market very strong for good forward wethers and lambs, and the former are selling round about 36/-. with best rape lambfc

st 32/-. The latter are getting too dear to allow much margin to feeders.

Store Cattle.—A good all-round enquiry, but very few lines were available. _ .

Our special correspondent telegraphed :— Fati Pigs.—There was a small yarding of bacohers, and a sharp rise was recorded. The entry of porkers was medium size, , and the market was about the same. Values were: Choppers 50/ to £5, light porkers 48/ to 55/, heavy porkers 57/ t o£3 §/; average price per lb 6d to 83d; light baconers .£3 12/ to £4, heavy baconers £4 5/ to £4 15/; average price per lb 6d to 7gd. Store Pigs. —About 250 store pigs were forward and included a line of 100 from the West Coast. This was the most outstanding line in the market, and it met with keen competition. Store pigs showing quality met with a .ready sale at good prices. All lots were

cleared at auction. Values were: Weaners 22/ to 26/, extra good to 30/, ■small stores 33/ to 40/, medium stores 42/ to 48/. NAPIER WOOL SALE. - , (Per Press Association.) NAPIER, January 14. . At the third wool sale of the season in Napier to-day, the catalogue was of 25,169 bales, offered to a large bench of buyers. Competition was confined almost entirely to Bradford and the Continent. There was practically no competition from America, while very few New Zealand .mills were able to operate, and the local fellmongers were completely out of it. The sale showed that good wools were being neglected for the lower grades. .Good to super wools, on which the bidding was very slack and erratic, were down from *a penny to l£d per lb on last Napier sale, but as far as the lower grades were concerned, they were from par to M better. Pieces, bellies, and necks sold exceptionally well. There was a good demand for high grade lambs- wool, fox’ which good prices were obtained, although these were erratic. On the other hand, for second and inferior lambs’, it was very difficult to make a sale.

STUD SHEEP.

MASTERTON, January 14. The seventh annual Wairarapa Stud Breeders’ ram and ewe sale was held

to-day, buyers being present from all over the Dominion. Bidding was erratic, and only the eyes of the market were picked out, the sheep not showing quality being neglected. Top pree was secured by Mr J. E. Hewitt (Mangam’aire) with a Romney shearling ram. which was sold to Mr J. W. Jones, Bay of Islands, for 200 guineas. Five rams offered by Mr Hewitt .averaged 110 guineas, while 15 Penro.se (Mr W. Perry’s) Romneys averaged 75 guineas. The highest price in the latter offering was 157 guineas. Lincolns and female Romneys were neglected. BUTTER' AND CHEESE. Messrs A. H. Turnbull and Co report: ,As predicted in our report last month, the butter market has shown a general weakening. The latest advices state that the market is steadier at the decline and it is to be hoped that with quotations ruling at 168/-, the retailers will be able to sell butter, at

prices which will . attract the public and so increase the consumption. Forward buyers are still non-existent. In view of the very heavy shipments afloat from New Zealand. Australia, arid the Argentine, totalling at the moment 1,000,000 boxes, and the anticipated increased production during the coming season of Canadian and European butters, we are inclined to think that the market will remain at a low level for a longer period than it did last year. Cheese.—There has been a genera] firming in cheese, and from latest advices it looks as_ though’ the cheese market may remain at a fairly steady level for some time to come. Forward

buyers have 'been active during the past month at up to just over B§d f.d.b. for make up to the end of January, whilst there has been a limited : inquiry for later make at a slight reduction. The fact that forward buyers have been fairly general at this price shows that a big section of the. trade in the United Kingdom have an optimistic outlook for cheese. It must be remembered, however, that New Zealand Arrivals to’ date have been very small and the heavy quantities will not be felt upon the ' London market for another month. It will then be interesting to see whether the market will be’ able to withstand the heavier quantities in sight at the present quotations. Australia is still experiencing an exceptional season, and production and shipments from that country show a great increase over last season. There has been a phenomenal increase in butter gradings and the total of 752,000 cwt for the first five months of the season constitutes a new record for New Zealand. Space offering for early shipments of butter and cheese has not been sufficient to prevent accumulation of stocks, and it is unfortunate that at the present time there is a greater accumulation of both butter and cheese stocks in New Zealand than there has been on December 31 for the last three years. TALLOW AND WOOL. Returns compiled by Messrs Dalgety and Co., Ltd., show that for a period of six monnths, ended December last, 7.759 tons of tallow and 112,225 bales of wool were exported from New Zealand to the United Kingdom ’and the Continent of Europe. For the corresponding' period in 1923 the exports were, tallow 4877 tons, wool 151,099 bales. . .. .. ..