COMMERCIAL

Hawera Star, Volume L, 10 January 1931, Page 8

COMMERCIAL

BURNSIDE SALE

SHEEP and lamb prices down

(By Telegraph—Press Association.)

DUNEDIN, Jan. 7. The only bright section of the Burn&ide stock sale to-day was fat* and oven this section was not particularly bright. Opening prices were on a, par with those realised at the previous sale, but values firmed for good Q uality beef and closing sales showed a rise of about 10s a head. There was a poor demand for sheep, lambs, store cattle, and pigs, and all these classes sold at reduced rates. The fat cattle entry consisted of 182 head, of medium to fair quality with a few extra prime animals. Heavy bullocks sold to £lB, 10s; medium £l6 15s; heavy heifers, £l2; medium, £lO 3s • heavy cows £ll 15s; medium £lO 15s. There was a yarding of 2100 sheep, including a moderate supply of prime wethers, the balance of the yarding consisting of medium to light ©we® and wethers. It was a dragging sale and prices for heavy, wethers declined Is to Is 6d light wethers 3s and ewes 2ls 6d to 4$ a head. Prime shorn wethers sold to 31s, extra heavy 32s 3d, prime woolly wethers 24s 7d, woolly ewes 13s 3d. The prices realised for ewes were equivalent to about 3d a lb.

In the 'yarding of 550 lambs there were several consignments of heavy sorts, but the hulk of the entry comprised lambs of medium quality. Heavylambs sold to 22s 3d, medium 19s 6d, light 16s. The demand was not verybrisk and prices showed a reduction of 2s a head.

There was only a medium yarding of store cattle, about 100 head being forward. Medium three-year-old steers sold to £l6 5s and cows to £lO a head. It was a dragging sale and prices were down about £1 a head.

In the pig market 72 fats and 66 stores were offered. Porkers sold at a reduction of ss. baconers 3s, and small pigs 5s a head. The prices realised for prime baconers were equivalent to 6d and for prime porkers about 7d a lb.

DOMINION BANK RETURNS.

FIGURES FOR. THE QUARTER

WELLINGTON. Jan. 9.

The last quarter’s banking returns show the follow hip; chief figures in comparison with the December quarter of 1929: Government deposits increased bv £201,005, free deposits decreased by £4.130,655; fixed deposits increased by £2.147,318; advances increased by £602,087; discounts decreased l>y £27,,270; circulation decreased by £411,134; coin and bullion decreased by £262,400

SHEEP SOLD AT EIGHTPENOF.

POOR, CONDITION LINE

lß,v Telegrapn—Press Association.l GISBORNE. Jan. 9

To-day’si stock sales were the worst in the history of the local yards. One line of 100 poor-conditioned sheep sold at Bd. Fair-conditioned ewes brought 2s Id to 3s, and lambs 3s 5d to 4s.

CANTERBURY MARKETS.

GRAIN AND PRODUCE!

CmiISTCmJR.CH, Jan. 9. A little more interest is being taken in the grain, ancl produce market this week in view of the arrival of the harvest .season for oats and the approach of that for wheat. Algerian oats are expected to open at 2s, 6d on trucks to farmers, but there are none on the market yet as in all departments of the market the merchants’ attitude is a waiting one. It- is difficult to make anv reliable forecast. Chaff is quoted at £5 a ton f.o.b. sacks in Lyttelton for April-May-June delivery, which is equivalent to about £•.3 ]os a ton to farmers on trucks at country stations.

There has been a little more activity in, potatoes, which have been sold at £4 and £4 2s Gd a- ton f.o.b. sacks, in for April-May-June delivery. This is equivalent to a little over £3 a ton on trucks.

Tuscan wheat is quotedl at 5s 9d f.o.b. Lyttelton for forward business. Merchants are not anxious to do business at that figure, however. That mice is equal to 5s 5d to 5® 6d on trucks to farmers, according to stations. Fowl wheat forward delivery is nnoted at 5s 2d f.o.b. sacks extra for either March-September or Mardh-De-cemlwr. Business, however, is l merely of the speculative variety between merchants.

There is some activity in peas. No. 1 cartridge peas are quoted at 5s 3d f.o.b. sacks in Lyttelton and' some sales have been made at that figure.