COMMERCIAL

Greymouth Evening Star, 6 December 1928, Page 9

COMMERCIAL

ADDINGTON, MARKET

(Special to "Star.”/

CHRISTCHURCH, Dec. 5

To-day’s market was the first since the freezing season opened, but entries of both fat sheep and lambs were smaller, due to the liberal export prices being offered on the farm, which are causing farmers to forward their stock direct to the works.

Store Sheep: A heavier entry which included Poverty Bay ewes and Otago shorn merino wethers. All classes sold well, the Otago sheep being the one exception. Dry sheep improved by a shilling and ewes and lambs were a little firmer. North Island 4 to 8 tooth ewes sold to 29/-, good ewes and lambs 24/- to 25/6, ordinary 19/- to 23/-, inferior 16/6 to 18/6, good 4, 6 and 8tooth crossbred ewes 27/- to 29/-, good half bred wethers 25/- to 28/-, ordinary wethers 23/- to 24/6, shorn merino wethers 8/3 to 11/10. Fat Lambs: A small entry of 640 head 200 less than last week. A keen sale, butchers buying the output at a slightly over export rates a lb. for 36’s and under, lOd for 37—42’5, and 9Ad for over 42’s. Extra prime to 35/10, prime 31/- to 33/-, medium 29/- to 30/6, light 26/6 to 28/1. Fat Sheep: A slightly over-the-aver-age yarding. Prices were easier over the earlier stages but hardened, and export rates fully maintained. Extra prime wethers to 36/10, prime wethers 32/6 to 35/-, medium wethers 29/- to 32/-, light wethers 24/6 to 28/6, extra prime ewes to 33/6, prime ewes 28/6 to 31/6, medium ewes 26/- to 28/-, light ewes 22/6 to 25/6. Fat Cattle: 490 penned, big plain steers and cows being numerous. For these there was a slight easing on last week’s rates, but other ■ classes were unchanged. Extra good beef made to 49/- per 100 lbs., good prime 44/- to 47/6, heavy 38/- to 41/-, medium quality 39/- to 43/-, secondary cow 34/- to 37/-, and rough down to 28/-. Extra prime heavy steers to £24/17/6, prime heavy steers £lB/10/- to £2l, prime medium weight steers £l6/5/to £lB/5/-, ordinary steers £l2 to £l6, light steers £9/10/- to £ll/15/-, extra prime heifers to £l7/17/6, prime heifers £l2/15/- to £l5, ordinary heifers £lO to £l2/10/-, light heifers £B/12/6 to £9/15/-, extra spring cows to £l6/12/6, prime cows £l2/5/- to £l4/10/-, ordinary cows £9/15/- to £ll/18/- light and aged cows £6 to £9/10/-. Store Cattle: A good line of station bred yearlings to year and a-half heifers, Hereford and Hereford cross, sold at £6/10/- to £7/17/-, 2 year steer to £7/5/-, good cows £5 to £B/5/-, others 35/- to £4/15/-, bulls £4 to £9. Vealers: A keen sale. Best 18 months sorts £lO/8/6, others £3/10/to £B, calves 15/- to £2/10/-. Dairy Cattle: A small entry and good sale. Best 2nd to 4th calvers £lO to £l5, inferior to medium £5/10/- to £9/10/-, best heifers £9/10/- to £l2, other sorts £6/10/- to £B/10/-. Fat Pigs: A large entry with prices unchanged. Choppers £2 to £4/6/-, baconers 57/6 to „ £4/4/6, average price per lb. 5Jd to 6d., porkers 32/- to 52/-, average per lb., 6d. to 7d. Store Pigs: A very heavy entry i,nd slack sale with lower prices. Small weaners 5/- to 8/-, good weaners 10/to 14/-, small stores 15/- to 16/-, large stores 22/- to 26/-, extra to 30/-.

Our correspondent reported as follows :—

Fat Pigs.—There was a large entry of fat pigs, and prices for all classes were about equal to those ruling last week. Choppers £2 to' £4 6/, light baconers 57/6 to £3 10/, heavy baconers £3 15/ to £4 4/6, average price per lb 5/1 to 6d. Light porkers 32/ to 40/, heavy’porkers 44/ to 52/, average price per ]b 6d to 7d. Store Pigs —One of the largest entries for some time, the various sections being well represented. Prices were easier at the outset, and receded rather markedly in the opening stages. Small weaners 5/ to 8/, good 10/ to 14/, small stores 15/ to 16/, medium stores 17/ to 20/, large stores 22/ to 26/, extra to 30.

CHRISTCHURCH WOOL SALE. Dalgety and Co., Ltd., Christchurch, report: —The first Christchurch sale of the season was held on Monday. Catalogues totalling 16154 bales were offered. Owing to abundant turnip crops and to high nor’-west winds last month, it was expected that the offering would be very discoloured, but though many of the plain clips were somewhat dusty they were not generally heavy in condition, while the tussock wools were beautifully clean and bright. The condition was generally sound and well grown, and some of the finest hogget wools showed extreme length of staple. Taken as a whole, the quality of the offering was well up to the average for, the first sale though rather heavier than last season m grease, when it was exceptionally light. A good clearance was effected at auction and the passings only amounted to a little over 5 per cent. We ourselves offered an attractive catalogue of 3968 bales and topped the market with two lines of “Rakahuri” Corriedale ewe wool, which realised 24gd. We also secured top price for pieces (viz, 21gd). for nine bales of the “Homebush brand. No really super merinos were offered, but we obtained 213-4 d foF a six-bale line from “Leslie Hills’’ which was carrying a fair amount of condition. The proportion of crossbred wools under under 50s quality in the catalogue are very small, and taking condition into account, these wools sold very much on a parity with North Island sales, though we made 44/6s, occasionally a little cheaper. Some oi our more noticeable sales were as unde)-: —

Merino-- —Leslie Hills 6 bales at 21 3-4 d, 26 bales at 20£d, 12 bales pieces at 20d, Glencree 11 bales at 20.1>d, Stonyhurst 5 bales at 21|dCorriedale. —Rakahuri 22 bales at 7 bales at . Whiterock Mains 15 bales at 23d, Bullock Hill 5 bales at 23d, Taruna 14 bales at 4 bales (rams) at 22gd, Brooklyn 7 bales at 22 3-4 d, Glen turret 11 bales at 22|d, Round Hill 16 bales at 22 3-4 d.

Half-bred. —Edale 15 bales at 23 3-4 d, Manuka Bay 14 bales at P 4 bales at 22|d. St. Scobie 22 bales at 222<1, Wliarenui 3 bales at 22 3-4 d( Mossdale 9 bales at 23d, Stonyhurst 78 bales at 22J,d, The Grange 4 bales at Pleasant Peaks 11 bales at 22 3-4 Homebush New Zealand 19 bales at J 23jjd, 12 bales at 22Jpl Pieces. —Alt. Lance 4 bales at 19 3-4 d, St. Scobie 9 bales nt 19 3-4 d, W.O. 4 bales at 20Jd, Cora Lynn 4 bales at 2O.jd, various 26 bales at 18 bales at 20d, Harewood/SY 6 bales at 2146, Pleasant Peaks 4 bales at 20 3-4 d, Ra-

kaliuri 4 bales at 20 3-4 d, Homebush 9 bales at Inverness 5 bales at 21d.

Official range of prices for the sale was —

Merino —Super 2OJ><l to 21 3-4 d; average 18d to 204 ; inferior 16d to Corriedale —Super 22d to ; overage 19d to 21/1 ; inferior 16/1 to 18/1. °Fine Halfbred —Extra Super 22-/1 to 24d ; super 21d to 22d ; average 19/1 to 20/1; inferior 16/1 to 19d. Medium half-bred—Extra super 20/1 to 21/1; super 19d to 20d; average 17/1 to 1814 ; inferior J6d to 17d. Coarse Half-bra? —Extra Super 19d to 20d ; super 17/1 to 18/1; average 16d to 17/1; inferior 14/1 to 15/1. Fine Crossbred—Super 17d to 18d ; average 15/1 to 16 3-4 d ; inferior 14d to 15dMedium Crossbred—Super 15/1 to 16/1; average 14/1 to 15^-d; inferior 12d to 14d. Coarse Crossbred —Super 14 3-4 d to 15/1; average 13/1 to 14/1; inferior 11/1 to 13d. Bellies and Pieces—Merino good to super 17/1 to 20(1 ; low to medium 14d to 17d- Crossbred good to super 13d to 16d ; low to medium lOd to 12j.d. Pieces—Half bred good to super 18/1 to 21/1; low to medium 14d to 18d. Bellies —Halfbred good to super 16d to 18/1 ; low to medium 14d to 15/1. Crutchings—Medium to good lid to 16'd • inferior and seedy 8d to lOd. Locks—Merino lid to 14d; halfbred 9d to 10 3-4 d; crossbred 7gd to 8/1. STOCKS AND SHARES.

WELLINGTON, December 6. Reported sales, 41 per cent bonds, 1939, £99 10s; New Zealand Breweries, bonds, 25/6. AUCKLAND, December 6. Sales: South British 64/9, Bank of New Zealand 62/3, Auckland Harbour Board, 51 per cent., £100; Ohinemuri Mines 7/9. Reported: Ohinemuri Mines, 7/6; Taranaki Oil 4/11; Bartholomew Timber 18/-. DUNEDIN, December 6. Reported sale: National Insurance Co., 16/4.

SYDNEY WOOL SALES

SYDNEY, December 4.

At the wool sales, the bales sold totalled 11,646} There was good general competition, and the market was firm, at late rates for superior lines, but irregularity was notable in the caso of dusty offerings. Comebacks and crossbreds sold freely. Greasy merino made 31d. SYDNEY, December 5.

At the wool sales 10,882 bales were sold. The market closed with well sustained competition.

Super-fine sorts were still in very keen request, and realised extreme prices. The season’s record for greasy merino was achieved —341 pence, which is the highest on the Sydney market since 1924-5.

KAURI TIMBER CO.

SYDNEY, December 6

The annual report of the Kauri Timber Company shows profits for the year ended August 31 amounted to £4933, to which is added £3220, brought forward from the previous year, and £15,000 transferred from dividend equalisation fund, making £23,153, from which it is proposed to pay a dividend of 3 per cent., absorbing £22,500, and leaving £653 carried forward.

LONDON QUOTATIONS.

LONDON, December 4.

Quotations are as follow’:—Copper, standard, £6B 23-32 and £69 5-32; electrolytic £143 and £7SJ; wire bars £75?,; lead £213 and £22 1-16; spelter £26 1-16 and £26 7-16; tin £241 5-8 and £239 5-8; silver, standard, 26 9-16 d, fine 283 d.