COMMERCIAL

Hawera Star, Volume L, 4 September 1930, Page 7

COMMERCIAL

WESTFIELD SALE. VALUES FIRM. (By Telegraph—Press Association.) AUCKLAND, Sept. 3. At the Westland sale to-day cattle beef "its penned in average numbers. There was keen demand with values very iirm at late rates. Extra choice ox sold to £2 2s per 1001 b. choice and prime £1 ISs to £2 ISs, ordinary and plain £1 14s to £1 17s, prime youngcow and heifer beef £1 ISs to £2, ordinary cow beef £1 12s to £1 lis. Extra heavy prime steers ranged from £IS to £2O. heavy prime £lO to £l7 17s Od, light prime £l2 to £l-1 2s Od, unfinished and small £lO 10s to £l.l 15s, extra heavy prime young cows and heifers £l3 to £l4 15s, heavy prime £lO 10s to £l2 10s, lighter £0 to £lO 7s Od, light cows £7 to £8 17s Od, other cows £5 to £0 15s. Extra heavy prime steers realised up to 20. a line of 12 sre it's averaging £l!> 3s. An average yarding of sheep met with"keen demand and values were firm at late rates. Extra heavy prime wethers sold to £1 10s Od, heavy prime| £1 11s 9d to £1 13s, medium prime £1 10s to £1 11s Od, light prime £1 7s to £1 9s 9d, small and unfinished £1 2s to £1 0s 9d, extra heavy prime ewes to £1 13s 9d. heavy prime £1 7s 9d to £1 Ss Od, medium prime £1 4s to £1 7s od, light prime 18s to £l 3s 9d. I An average number of hoggets was penned and sold readily at late rates. Extra heavy prime brought £1 9s to £1 12s 3d, heavy prime £1 7s to £1 8s 9d. medium prime £1 3s to £1 Os 9d, light prime £1 to £1 2s 9d, unfinished (best) 14s to 18s Od, others 10s to 13s 9d.

Spring lambs sold to £.l 5s 6d. Values for porkers improved while rates -for baconers remained at late quotations. Choppers sold from £2 10s to £4 17s Od, heavy and medium baconers £3 Os to £3 15s, light baconers and heavy porkers £2 10s to £3 3s, medium porkers and light porkers £2 Ss to £2 14s, small and unfinished porkers £2 to £2 os."

An average yarding of store pigs met with keen demand. Values were firm at late quotations. Large stores made £2 to £3 3s, slips £1 10s to £1 18s, weaners £1 to £1 12s.

For calves values improved on last week's* quotations. Runners made £5 to £9 10s, heavy venders £3 10s to £6 14s, medium £4 10s to £5 ss, light £3 10s to £4 4s, smaller £2 12s to £3 Ss, small I and fresh dropped 7s to £2 10s, rough I calves £1 to £2 ss.

BEEF VALUES II IHI

CHRISTCHURCH. Sept. 3. The weekly metropoltan market at Addington to-day was the second in succession at which there had been ■short entries in each of the principal sections. It was also noteworthy for a further substantial rise in the value of beef, for all classes of which prices improved by a. full £1 a head, and a further rise in mutton values. In the fat cattle section there was only one line of North Island cattle, a total of 51 head from the Palmerston North district, but the yarding was also supplemented by lines from the west coast and Otago. The quality was outstanding. this fact, together with the fact that the entry was scarcely sufficient to meet butchers’ requirements for one week, made for keen competition. The quality of the store sheep entry was also the best that has been seen during the slack season. It included a- big proportion of young, useful ewes. The sale was a very good one throughout. There was a firmer tone in evidence and buyers were more inclined to exceed their limits. The entry of fat sheep was smaller than that of last week’s market and was below the total required. Consequently, on top of the sharp rise in values recorded last week, there was a further firming to-dav which amounted to Is to 2s a head over all. The sale opened a little in advance of last week’s rates, firmed as the sale advanced, and closed very firm at rates well above those ruling last sale. The small entry of spring lambs sold very well.

The entry of store sheep was 1300, slightly larger than that at the last sale, which was the smallest recorded for the slack season. Values were: Two-tooth extra good Corriedale ewes to 31s 6d, good two-tootli three-quarter bred ewes to 26s 6d, good two-tooth half-bred ewes 24s to 25s 6d, medium two and four-tootli half-bred ewes to 22s 4d, good six and eight-tooth halfbred ewes 23s 8d to 24s fid, ordinary six-tooth half-bred ewes to ISs, soundmouthed half-bred ewes to 14s. fid, failing-mouthed half-bred ewes to 9s, medium six and eiglit-tooth three-quarter-bred ewes to 18s, extra good s.m. Romney-cross ewes to 245, good ewe hoggets to 20s 9d, medium ewe hoggets to 17s 7d,. wether ewe hoggets 12s to 14s lOd, good six-tooth halfbred wethers to 21s.

There were 21 head of spring lambs and the sale was particularly keen. The top price (for one lamb) was 38s 7d. and the average price per lb was Is 3d.

The entry of 3750 fab sheep was slightly less than that at last week and much below the total sufficient to meet requirements. Values were: Extra •prime wethers to 40s lOd, prime wethers 31s. 6d to 35s 6d. medium wethers 26s 6c! to 30s (kl. light wethers 22s'to 25s (xl. extra prime ewes to 33is 7d, prime ernes 24s ter 28s. medium ewes 20s to 235. light ewes 16s 6d to 19s, aged and inferior 13s 6d to 16s ; extra prime hoggets to 31st 6d. prime hoggets 26s 6d to 295, medium hoggete 22s to 25s Gdl, light hoggets 17s 6d to 21s. There was again a very short entry of fat cattle, the total yarded being 350 head as compared' with 398 head at last week’s market. The best handy weight steer, heifer and cow beef made from 16s to 50* per 1001 b. and in ease of some odcl beasts a 'little above that figure. Best heavy weight steer beef made 41s to 455. medium quality 37 6d to •10s. best cow beef 38s to 41s, secondary to 38s and rough down to 31s per 1001 b. Values were : Extra, prime heavy steers £l9 10s to £22. prime medium weight .steers £l6 to £l9, medium quality steers £l2 10s to £ls, light steers £9 10s to £l2. show heifers to» £2l 2s 6d, extra prime heifers to £l9 12s Gel, prime heifers £l4 to £l6 10s, medium heifers Cl 1 10s to £l3. light heifers £g to £lO KJs. extra prime cows to £l7 12s GtH, prime cows £l3 to £1.5 10s, medium cows £lO 15s to £l2, light and 'aged cows £7 to £lO. There was a small entrv of vea’lers the quality being poor. All sorts showing quality sold well at an advance of 5s a head on last week’s rates. The top crier was £lO 3s 6d.

The offering of store cattle was of medium si/e and there were few attractive lines. Inquiry jvas satisfactory throughout and prices showed: little change. Eighteen months to two-year-•:b] Shcrthom steers made up to £7 15s, 12 to 18 months Hereford-cross steers tc £6 6s. yearling caivtes to: £3 7 S gdy ffesb cou s to £7 and bulls to £5. There was.'little outstanding about the dAify cattle offering, the ouality on the whole being indifferent. Bates shoved sOfne improvement on thise ruling last week. Values were: Good and second

I third ca l vers £lO to £l2, medium sorts |£B to £9 10s. agodl and inferior tsorts ■£4 to- £7, good heifers £lO to £ll j 15s, medium sorts £9 to £lO, others £7 os to £8 15s. The yardings of baconers and porkers were on the small side. The demand :lor baconers was keen and they sold at an advance on last week’s rates'. Prices for porkers showed little change but choppers were a shade easier. V alues were: Porkers 42s 6d to 60s, heavy porkers 61s 6d to 74s 6d (average price per lb 94d to 10-id), choppers 65s to £6 6s. baconers £3 17s 6d to £4 14s 6d, heavy baconers to £5 6s 6d (average price per lb 7.',d to Sd). There was a htrgo yarding of store pigs, the total being 290. Weaners mot with strong competition and sold wed iit late rates. Large stores were also in good demand. Values were: Largo store 40s to 47s (id, medium stores 35s to 38s Gel small stores 30s to 34s (id, slips 28s to 29s 6d. weaners 23s to 27s fid. inferior weaners 12s Od to 21s.

HIDE AND SHEEPSKIN. SALE.

The New Zealand Loan and Mercantile Agency Co., Ltd., Stratford, held their monthly sale oij. September 2, when they offered a catalogue comprising wool"oddments, quantity of horsehair, 9-10 sheepskins, 685 hides and calfi skins. Seven buyers occupied the benches and competition was. fairly animated. The following is the range of prices: Wool.—Crossbred fleece unski-rtcd and heavy in biddi, 2d, sld per lb; ditto lambs. 44d: ditto cnutchings, Id, •>d 2£d 3fd; ditto locks, 1-Jd; ditto dead did, 5Jd; ditto slipe, sid per ib. 'Sheepskins, salted. —Crossbred pelts-, 3d; ditto -J-woolled, Is 6d each; ditto i-woolled, Is, Is 4d> up to 4s Id each; ditto f-woolled, 4s _2d, 4s 3d; ditto, 1-woolled large 4s 7d each; ditto fullwoolled, 4s 4d each; ditto- lioggetts, Us 9d, 3s lOcl each; ditto dead, Is 9d each. Sheepskins, dry.—Crossbred i-wool-led torn and damaged. Is 7d each; ditto 4 to -1-woolled torn and damaged, 2s 5d each; ditto dead and damaged, Is 9 each; ditto dead sound, 2s Sd each; ditto, ito .’-woolled sound, 2s 9d each; ditto -f-woolled sound, 3s lOd, -Is 4d each; ditto full-woolled sound, 5s 9d each; ditto lioggetts sound, 2s 2d. 2s lOd. 4s 2d. each. Hides and Calfskins.—Calfskins : Slipy, 2s each; ditto out, 2s 9d; ditto light sound, 2s 4d each; ditto seconds sound. 3s Sd each; ditto firsts sound, 3s lOd each; ditto heavy sound. 3s 9d to 5s 2d each. Yearlings : Slipy, 3s od each; ditto sound 8s 9d each. Cowhides : Sound, 12s od, 12s 6d, 15s 7d, 19s 3d. 22s- 9d each; ditto-cut, 9s, 13s 6d each, ditto slipy 6s each. Oxhides : > Sound, 13s 9d, 17s, 17s 3d, £1 Is 4d, £1 5s 4d each. Sundries: Goatskins, 9d each; horsehair, 6d, 12d, 12Jd per lb-; oowtail hair, -Id per lb.

SEASON’S VVOOI, CLIP

DALGETY’S REVIEW

The more exhaustive the analysis of the results to producers from the 192939 wool season, the more is- one forced to the conclusion that-, save in exceptional instances, wool production has, for the time being ati any rate, ceased to; be profitable, says “Dalgetty’s Annual Wool Review.” The severity of the blow to the pastoral industry and ultimately, of course, to the general community, is only realised to the full by an analytical dissection of the season’s results, and a comparison with those of previous seasons, and for once the task is a painful one. The Australian wool cheque of £39,054,959 shows a. falling-off of £30,284,479 as compared with the previous season. and £34,822,903 as compared with two seasons back. The slump which had been taking place during the last half of the previous season was not fully realised until growers faced the market with the new clip.

In the previous season a substantial increase in the quantity of wool handled in Australia and New Zealand compensated: to an appreciable extent for the definitely lower level- of values as compared with the 1927-28 season. There was a drop: of £3 9s sdi per bale, but the total wool cheque reached £69,339,438, or a. decrease of £4.538,424, as compared with the: “record” result of the 1927-2 Si season, when £73,877,862 was secured l . The position in regard to 1929,30 was, on the other hand, exaggerated bv a. decline in the aggregate business, and the Australasian total of £39,054,959 is the lowest since 1920-21, when £15,475,014 was secured. In that year, however, trade was endeavouring to re-establish auctions following on the appraisement scheme. The sale figures for the Australian Commonwealth show a decrease of 92,374 bales, a total of 2,553,321 bales, comparing with 2,645,695 bales in 1925-29. 29. The Commonwealth sale values were £23,197,994 lower than at £33,924,062. Taking the comparison back two years, the figures were 2,411,873 bales, valued at £60,873,662. which, so far as the wool cheque is concerned, represents the high-water mark of the industry. The slump in values over the two season period is thus £26,949.600.

Although the net production of the Commonwealth, taken in the form of bales, showed, a slight increase of 5000, 2,867,000 hales, comparing with 2,862,003 bales in 1928-29. tlie bales were lighter, averaging 3041 b. as compared Avitli 3111 b. Taking the comparison in lbs, the production showed a decrease of 18.094,9931 b, the season’s total being 571.256.410, as compared with 889,351,4031 bin .1928-29.. The met .production of New South 'Waites was 1,450.000 bales, or 436,479.0001 b, a decrease of 35,000 bales, or 23.796.0001 b, a-s compared with 1928-29. The Victorian figures showed a decrease of 9000 hales South Australia a decrease of 15,000 bales, and Tasmanaia of 877 bales, whilst the increases Avere 44,000 bales in the case of Queensland and 20,000 bales in West Australia.

The net production in Ncav Zealand was 715,000 bales, Aveighing 241,770,000 lb, as compared Avith 698,000 bales, AAcighiiig 239,002,1801 b, in 1928-29. Adding the total production of the Cominomvealtli to that of the Dominion of NeAv Zealand gives: the Australasian aggregate of 3,582,000 bales, as compared Avith 3.560,877 bales in 1928-29, an increase, of 22,00(1 bales. 111 jbs the totals AA'oro 1,11.2,026,5101 b for 1929-30, as compared with 1,128,353,5831 bin 1928-29, a decrease of 15,327,0731 b. The average value per bale throughout Australia and 2ie\v Zealand was £l3 2s 2d, Avliich is a decrease of £8 8s 4d per halo as compared Avith the previohs season's average of £2l 10s (kl, and of £ll 17s 9d as compared ivith the 1927-28 average of £24 19s lid. The highest average avus in 1924-25, Avhen £33 13s lOdi per hale was netted for a clip of 2,050,545 bales. • The CommonAvealth average came out at £l3 5s 9d per bale, Avliich is a. drop of £8 6si Id per hale as compared with the previous season’s average of £2l 11s lOd l , and a fall of £ll 19s as compared AA'itli the 1927-2 S season average of £25 4s 9d.

Oversea shipments from the CommonAAoalth amounted to 2,464,695 bales as compared 'vitli 2,613,885 bales in 1928-29 and 2,470,036 bales in 1927-28. New Zealand shipments amounted to 5,651,840 bales as compared AA-ith 693491 bales in 1928-29 and 658,000 bates in 1927-28. Taking the Commonwealth

and Dominion figures together, the aggregate shipments- were 3,026,53 a bales as compared with 3,337,379' .bales in 1928-29 and 1 3,128,336 bale sin 4929728.

Analysing the destinations of wool purchased (from figures -supplied by -buyers), reveals the fact that out or an Australian and New Zealand total oi 2,979,223 bales, the section absorbed 1,541,318-bales, or 55 per cent., ranking again as our best customers. Tile xgures compare with 1,643.851 bales in 1928-29 and 1,457,339 bales in 1927-28. Taking the figures of each country individually, however, puts the United Kingdom in the lead with 812,384 bales, or 27 per cent., ascompared with 891.765 bales in 1928-29 and 819,916 bales in 1927-28. France was second -with 702,652 bales, or 24 per cent., compared with 672,894 bales in 19298-29 and 601,174 bales- in 1927-28. Germany was in third place 'with 418.009 bales, or 14 -per cent., as compared with 452,215 bales in 192728. Japan was again the fourth largest operator with 342,323 bales, or 11 per cent. .