COMMERCIAL

Gisborne Times, Volume LXXX, Issue 12199, 10 March 1934, Page 2

COMMERCIAL

MATAAVHiERO STOCK SALE,

STORE EAVES EASIER

The weekly stock sale of the Poverty Ray Stockbrokers’ Association was conducted at the Matawhero saleyards yesterday. Pat sheep values showed little difference from those ot last week. In the store sheep section 2-th. ewes were easier. STORE SHEEP. The store sheep entry which was 11,060 contained a large number -ol travelled sheep, which showed signs of the roads and were in many cases in only moderate condition. Competition generally was good and the sale was a very satisfactory one although it showed, as recent sales had tended to do, that 2-th. ewes have become easier in values. In the earlier part of- the sale several pens were passed in but these were sold later. Sheep with -good mouths, although carrying little condition, made close to values of better conditioned lines.

The range of values is shown in the following quotations:

Ewes.—lo 4 6-yr., good shorn medium condition, 13/-'; 245 good mouths, medium condition,. 12/9 ; 67 6-yr. good frame, medium condition,- 9/11; 331 5-yr., a straight line, high country, big frame, good order, 16/-; 82 6-yr., good frame and condition, 14/3; 131. 5-yr., strong skins, good frame, fairly good condition, 14/3; 48 5-yr. good frame, good store condition 13/10; 4, 6 and 8-tbs, medium condition, 14/9 to .-/To/1; do., little condition, 13/3: 4 and 6-ths., medium condition 14/6; 2-th. ewes, top lines, 18/- to 21/6: fairly good 16/- to 17/-. AVethers. —-100 lusty, Pig boned, sturdy, fresh condition. '1.7/3 to 18/8; high country forward 4-ths., 19/6: medium 2-ths. 15/- to 15/10. Lambs.—347 shorn ewes, frame and condition, 16/-.; good pens of wellgrown woolly stores 13s to 14/8; 387 high country shorn, good frame, good store condition, 11/9; 130 shorn, good frame, fair condition, 9/6; 200 shorn ewes, medium size, hard condition. BEEN Prices for beef cattle were: One 'Jersey cow, plain, £1; 1 Jersey- . cross bullock, medium finish, £4 ss; 1 small Hereford cow, £3 2s 6d; 1 black cow, £2 10s; 1 Jersey heifer, £2 10s; 1 young Jersey-cross cow, fair, £1 12s 6d; 3 Jersey cows, fairly good finish, £2 2s 6d; 1 good weight brindle cow, £2 15s; 2 Jersey cows, £2 2s 6d; 1 plain Jersey cow, 255; 1 light Jersey caw, 355; 13 Jersey-cross bullocks, need topping off, £3 12s 6d; 1 plain- Jersey cow, 82s 6d. FAT SHEEP

The entry totalled 478. Values were little different from last week, although they were -a shade easier. Ewes- ranged from 13s 9d to 16s 7d. Only some odd lambs were offered, making 16s 6d to ISs 4d. "Secondgrade ewes made from 12s to 13s 7d. ■Prices

Ewes: 106, all prime heavy, 16s 7d; 38, 16s Id; 14, 14s 6d; 7, 14 s sd; 33, 15s 6d; 7,13 s 9d; 4,15 s 7d; 13, 14s 4d; 9,14 s Id; 19, 15s lOd; 10 2-th, 15s 6d; 17, 14 s lid; 16, 14s 10d; 40, 13s 9d; 5,16 s 6d. Lambs: Two at 18s 4d; 1,16 s 6d. Second-grade ewes: 19 at 12s 2d; t 13s 7d; 20, 12s; 73, 12s 7d. '

STORTFORD LODGE MARKET EWES MEET GOOD SALE. Ewes had a very good at Stiortford Lodge on Wednesday m the store sheep section, when an entry of approximately 19,000 bead of store stock came forward. Lambs and wetheru were in fair demand, but there was not such a dcgiee 01 inquiry as has existed recently * Ol lambs. Ewe lambs were oil a par to improved, while lambs and wethers were practically unchanged. There were a number of backcountry drafts included in the day's offerings, more particularly in the. lamb lines, which had a large proportion of back-country saeep included. Demand for all classes of owes were good and very few of these lings failed to sell. Lambs met with a somewhat unev-n sale and a .- number of drafts were passed i’L some being disposed of privately. V Gtliciis were not very numerous and met with their usual degree of inquiry. QUALITY CATTLE IN DEMAND' With a heavy entry of - fat cattle, values realised for tkm ,-:uss of -stock, particularly oiiality lines,* 'ueic oil f* par to linn on the previous . week s rates at Wednesday’s *alc. iWng was strong on good lines, with’ a fair demand' for lighter finished and forward lines. The top pricc;<> realised were not a-s high as at last week s sale, this being solely due to the. lack of Much hi-gn quality cattle as were entered at the pre\ lolls sale. Wednesday's entry comprised chiefly cow and heifer lines, bullocks being in relatively short supplyThe quality of tile entry wa s similar to the previous week, there .being a big percentage of dtorc to forward conditioned lines included in the offerings. Local butchers did the hulk of the purchasing, with farmers and dealers taking an interest in lighter finished and store conditioned lines. The sale opened well with strong competition from butchering interests on good suitable linen, values realised being firm with the previous week. Passings l were infrequent, the bulk of the entry being cleared. EWES IN STRONG DEMAND As was tbe case at the previous week’s fat sheep sale, owes nipt the keenest demand in this section at the- Stortfo'rd Lodge yards on Wed*: nesday. . Approximately 3.600 head off .stock came" forward, the quality of. the entry, particularly, for. owesy showing an improvement generallyWetlie'rs were in relatively short, supply, and a fair number of • lambs were ipenned U P-

Right from flic staff ,°f the sale it - was- apparent- (hafir-eiyaf' i. -would realise 'good prices; but lambs and wethers opened rather disappointingly, several big line.'.' being passed i u - On the smaller lines however, .good local and export competition set the. sale swinging along and , very . . few pens were passed- in. The smaller number of lightly finished lines was commented, upon by a number of buyers, there being rcaTtivcly few . of the sheep in poor condition. Throughout _the tj sale values were well maintained, and ,at the c.ose of the selling We*, .appeared to be on a par to firm on last wpck’fi, raths with, wethe'i's and lambs practically unchanged.-.

LONDON DAIRY PRODUCE

MARKET

Messrs Dalgetvand Cov, Ltd., have received the following cable from their head office dated ' Stir inst-—-“ Butter market : Rather more enquiry this end of week. Quota-* tione are: Danish, 97s to 98$; New Zealand finest, 68s to 695; Australian finest, un-safted, 68s. to 705.; do., salted, 66s to 68s; d 0.,, g.a.q., 62s to 645. • ; ......

Cheese : Market quiet. Quotations are: Australian, white, no quotation; do., colored, no quotation; New Zealand, white, 425, colored 435; Canadian, white, 52s to 545, colored 52s to 545.”

LONDON FROZEN MEAj •• ■■■• MARKET 1 The Bank of Ausralasia ~ lias received the following cable from . its London office dated, March 6.: -“New Zealand lambs, demand goad, - prices firmer owing to the ljmTtqd -supply between now and Easter; larger.ship ments after that may cause small, decline in values. New Zealand mutton-: Prices high owing to lack- of supplies; larger quantities now-ar-riving; we expect a decline in. value ini the near future.. New Zealand beef: Largo arrivals of Argentine and Brazilian beef are depressing the market; prices slightly lower.’’ / WAIKATO MARKETS HAMILTON, March 9. Export buyers are very anxious to purchase fat lamb's, -and the recent competition experienced -in the sale--yards lias been-the means of drawing large entries to all the main sales. The prices.that are given are considerably above the ruling schedule. The competition thus created nodoubt helps to keep the sheep section buoyant, especially as all classes of fat sheep are showing an improve-, ment. Breeding ewes are still agerly sought after, and although a good m-any thousands have come into the Waikato that were never expected, the demand still holds good. The better class of breeding ewes especially never fais to meet with good competition. but a large proportion- of ragwort ewes is also being bought. With the competition for this class of sheep it means that tlieir v-alue has been increased considerably ■ to' what was ruling at the opening sales Store lambs, which have for some time appeared to he good buying, have not shown the improvement that might be expected. In the cattle section, business ■ for all classes appears to be brisk. The first few rates of store cattle held a few weeks ago exceeded all expectations as far as values arc concerned. It was thought then that very few store cattle were held, but, as usual, the high prices soon revealed where they were, and at practically all -centres 'during the next few weeks 1 very heavy entries of store cattle will be submitted to the public. The buoyancy in the ‘beef section will no doubt keep all stores in good demand.

lu the pig section the volume of business has not been quite so great this week, although prices have remained consistently good.

STOCK AND SHARE MARKET

(Press Association) AUCKLAND, March 9.

Sales on Change: Bank of . New Zealand, 48s 6d; Wellington Woollen pref., £5 13s; Electrolytic Zinc, 275; Rural Bonds, £9B 15s; Government stock, 4 per cent. 1949, £IQ2 .15s; 1940, £102; Grand Junction, .4s 4d; King Solomon, 4s 6d. WELLINGT'on, March 9. Reported sales: Auckland Gas, £1 5s sd. CHRISTCHURCH, March 9. Sales on Change: Bank, of N’ew Zealand. 48s 6d; New Zealand Insurance, 56s 6d; Goldsbrougb Mort, 33s- 3d (2); New Zealand Guarantee Corporation, 4s; Australian Iron and Steel, pfef., 21s 3d; Electro' . Zinc, ord., 275; Alexander, lbs 6d paid, 14s od; Bell Kilgour, 7|d; Goldsfields Dderdging 9d, (2); King Solomon, cum. div., 4s sd; Mahakipawa, 9d (2); Mahakipawa, pfef., ■3-id- : 'Reported sales UNew Zealand!-.Far-mers’ Co-operative,. first- prQf., -80 s. DUNEDIN, March 9Sales reported: Bank..of. New: Zealand, 335;. Glenroy, SRI - Tiivestinent Executive Trust, B debentures, second issue, £B7 15s, £BB-ss. -