TARANAKI STOCK SALES

Hawera Star, Volume LII, 28 January 1933, Page 10

TARANAKI STOCK SALES

REVIEWS OF THE WEEK FARMERS' CO=OP. RERORT EFFECT OF EXCHANGE RISE HARDENING OF PRICKS. The Farmers’ Co-operative Organjsation Society of New Zealand Ltd., reports that the past week has proved one of the most eventful in the history of the country. The Government, in its efforts to assist the primary j producer, has sanctioned the raising of the rate of exchange to 25 per cent. On all sides, this move forms the subject of discussion, some of a favourable nature, others of an opposing character. Whatever the ultimate effect may be, we must bear in mind that this step was taken in an attempt at relieving the farmer in the. plight he finds himself to-day. The immediate effect of the raising of the rate of exchange has been a distinct hardening in the prices of ah classes 01 stock. , t The latest schedule for prime lamb of u/36 is now 5/d, 37/42 4Jd and 0/44d, with seconds 44c1. The schedule for wethers is u/481bs. 3Jd, 49/56 3)c1., 57/64 3d, 65/72 2fd, 73/0 2d with seconds 2/d and a maximum over all of 15s 'The new schedule is now u/4olbs. 2d," 49/56 lid, ltd. 65/0' l J ,d with a maximum of 7s 6d.

With the above schedule! now operating, and the hardening tendency together with the benefit of the higher rate of exchange making itself felt on wool values, the distinct rise in values being asked for this year’s breeding ewes can readily be understood. While many farmers are reaping the gains from the rise in wool values and in fat stock the man who has sold both wool and fat stock prior to the rise, and now has to turn round and fill his ewe requirements at higher values must not be forgotten. Keen inquiry is now being shown for breeding ewes, but difficulty is being met with by both vendor and purchaser in accustoming themselves to tne new range of values. The company reports the sale of a bio- line of good four-year-old ewes at 11s 9d, 250 four and six-tooth ewes at 13s 6d and several lots of five-year ewes at 8s t>d to 9s 6d. Quotes or Gvo and four-tooth ewes are very hard to obtain and any coming on the market are quickly snapped up at from 15s to 16s for good two-tooth ewes and four-tooths at slightly less money. Lambs of all descriptions are very difficult' to obtain, any coming forward bein« quickly sold. The company imports the sale of a line of good w.t. wether lambs at 9s 6d. B.f: lambs ni*. very scarce and make from 9s to 11a according to quality. The beef schedule shows a markeu appreciation in values. Ox beet is now worth 18s, with under o6(> heiler beef at 18s and 0/560 15s. In this connection the company reports the salt , of a large line of heifers at £4 los j and truck lots of fat cows at £3 .bs I to £4 15s. Good store cattle are being, keenly sought after, but are harder to obtain. The news of the rise > m seneuule to 6s 6d for boners and 10s 6d for bulls per 100 is welcome to the aan>man, and our yarding* of «)<* pa*, week have been particularly good at increased prices for all classes of stock. Good business to° k n* the weaner heifer market with oest cattle up to £2. , , The following is a summarj of the company’s sales of the veek \t the Opunake sale on the -3id instant, a good yarding of all classes of stock came forward for auction lat Jersey and Jersey cross cows realised £3 16s, £4 8s to £4 11s. Bidding was brisk on paddock cows prices being good at £1 4s to £2 10s Stores brought 17s to £1 los, bulls £2 lbs, £3 10s to £3 16s. weaner pigs 8s bd to 9s 6d, store pigs 14s 6d to los 6d, maiden sows £1 10s and boars £1 8s \t Kakaramea there was a small vardin" of store cows and bulls, « total clearance being effected at the now rates. Store cows brought £1 13s to £2 3s and bulls £3 ss. £3 los and £4 12s- __ . At the Manafa sale on Tuesday < total clearance of a very large yarding of cattle at the increased rateswas made. Fat cows sold at £2 10s to £- 14s, good paddock cows at g £2 10s, store cows at £1 os to £1 i/s and £2, store bulls at £1 19s, £6 as to £4 6s and store pigs at los bcl. At Eltham on Wednesday a medium yarding of both sheep and cattle came forward. Medium w.t. vvethei lajnbs realised 7s sd. cull lambs os, store cows 18s to £1 14s, store bulls £2 os. £3TOs to £5 5s for extra heavy cattle., At the Urenui sale a good yarding of store cows and bulls came forward meeting with keen competition, and a good sale resulting. Prices realised were; Fat wethers 16s, fat cows and heifers £3 11s, store cows 15s to 3 fid, according to condition and stoic bulls £3 ss, £4 10s, £4 12s 6d to £ 'The S Hawera sale drew a M e » tr >| of lambs, prices reflecting the geneial rise in all sections. A larM entry of cattle came forward, including a very large number of works bulls which also shared m the general rise of works’ schedule. Some, good medium Southdown lambs were-yarded, a 1 lines having been previously draftee! tor fats. Mr. J. Baker sold a big line at 10s 6d -and Mr. W. Edwards lambs also made 10s 6d. Fat wethers rcabsod 14s to 14s fid, fat lambs 12s to L4s, b.f. lambs 7s lOd, 8s lOd to 10s fid, small 7s 6d, white faced wether lambs Gs lOd to 9s and mixed ;sex small lambs 5s 4d to 6s 6d. Fat bullock, realised £6 3s, fat cows (good) £3 los, £4 2s 6cl to £4 Bs. In the dairy pens fat cows made £2 15s to £3 lO.s and bulls £2 5s to £4 17s according; to weight. Good store f-ovvs brought 3<)s to 355, medium 25s to 30s aiul pool 18 For the Eltham sale a small yarding of sheep and cattle came iorwnrcl. Some of the prices realised were; Store lambs 7s sd, cull lambs os, store cattle 19s £1 7s to £1 16s, bulls (medium) £2 15s to £3 ‘7s fid and heavy £4 9s to £5 6s.

LOAN AND MERCANTILE Tho report of the Now Zealand Loan and Mercantile Agency' Company, Ltd., states: A considerable stir has l)een' caused in the sheep world over the exchange rate. Prices for all clzvss©s of f*ii/ .sheen hnve h«irueneu. and this, o-f course, will he reflected in the price of breeding ewes. Lambs j are now being sold at ojd, fat ewes at 7:s 6d and wether mutton at 15s. Considerable annoyance is being expressed by some sheepf aimers at the action of the Government in pegging the exchange when most of the fat lambs have been sold, thus depriving them of the advantage which should have accrued to them. Store wethers are almost unprocurable, and the breeding ewe has advanced in price in (sympathy with fat prices. A very strong demand is evident for store and cull lambs. Several

large lines have been sold lately, and dairy farmers are now keenly compet- j in,cr for any that, come into the yards. Prices down the tine are even better j from a' vendor’s point of view than those ruling in' Taranaki, and it is certain now that very few- store lambs will be brought into Taranaki. ! Prices for store cattle have harden- 1 ed, and really good cattle are, now' hard to procure. Quite a number of inquiries have been made during the week, but little business has resulted. 1 Ar advance in prices ha v s also occurred in the pig section and yard sales are good, any igoocl sorts being eagerly snapped up. No business has been done yet m the weaner heifer s potion. Very few inquiries have yet come to hand, and vendors generally do not seem ready to put a price on tlieii* cattle. Private sales during the week have been as follows: Breeding ewes f)s to 10s fid. blackface store lambs 7s 6d to 9s, 2-tooth ewes 15s to 16s, fat owes 1 7s to 7s 6d, fat cows £2 10s, fat Hereford and polev covvis to £3 10s, fat wethers 13s 6d to 15s.