COMMERCIAL

Hawke's Bay Tribune, Volume XIX, Issue 305, 11 December 1929, Page 4

COMMERCIAL

WAIPUKURAU STOCK SALE BROKERS’ REPORTS. The Stockbrokers’ Association held their weekly sale at Waipukurau yes terday, when a heavy yarding ol cattle and a good yarding of sheep were offered to a large attendance of buyers at prices well up to ruling rates. Prices ranged as follows. —Fat bullocks £l3, £l3 2s to £l4, fat cows £lO 10s, fat heifers £ll i’s 6'l. (or. ward bullocks £ll to £l2 10s, yearling steers £6 12s 6d to £7, yearling heifers £5 5s to £6 10s. 2-yr steers £8 10s, empty cows £5 to £8 7s Gd. dairy cows and heifers £5 5s to £6 ss, fat wethers 255. fat ewes 16s 4d to 17s 2d. 2-th wethers 21s to 22s 7d, small 18s Id, 5 and 6-th wethers 23s 6d, 2-th ewes small 21s. ewes and lambs 28s Gd, forward ewes 14s, mixed age ewes 235. The various brokers report sales as mnder:—

Dalgety and Co., Ltd.—34o 2-th wethers 225, 6 at 8s Gd. 51 cues 235, 119 4 and 6-th wethers 2Hs 6d, 8 fat bullocks £l3 19s. 3 fat P.A. bitllc-.'ks £ll}. 1 at £l3 2s, 82 2-th wethers 18s Id. 12 woolly wethers 275, 30 2-W> wethers 20s, 1 at 12s 6d, 2 S.H. and Hereford bullocks £l3 2s. N.Z. Loan and Mercantile Agenev Co.. Ltd. —1 fat bullock £l5 Us. 4 fat steers £l2 Bs, 3 fat cows and heifers £l2 3s, 1 fat cow £B. 1 fat heifer 1 5 17s 6d. 4 2-yr empty Herefi. i heifers £7 16s. 10 cows with calves £S, 2 5-yr Hereford bulls £9 9s. 1 4yi Uric fold bull £8 Bs, 1 3-yr Hereford bull Bsgim, I 3-yr Hereford bull £7 7s. Murray, Roberts and Co.. Ltd. 5 fat P.A. cows £8 7s 6d. 4 fwd P A cross cows £7, 1 empty Jersey cow £5 8s 6d, 3 2-yr P.A. steers £8 ]O“, 36 yearling Hereford steers £6 12' 6d, 8 S.H. steers £7. 9 yearling P.A. steers £6 13s, 7 yearling P. A. heifers £5 16s, 4 small m.s. yearlings £3 17s, 23 2-th ewes 21s. 16 f. and f. ewes 14s, 81 2-th wethers 21s. Hawke’s Bay Farmers' Co op'rative Association Ltd. —8 fat bullocks £l4 16s, 7 at £l2 ss. 2 at £l3, 4 at £ll 7s 6d, 1 RV. heifer £6 15s 1 RP. cow, 2nd calver, £6 15s. 13 steers £1 17s, 1 at £6. 1 springing heifer £6, 3 steers £6 17s. Williams and Kettle, Ltd.-6 fat bullocks £l4. 3 fat cows £lO 11s, 1 fat heifer £l] 7s 6d. 10 .at bu,locks £l4. 16 steers (Herefor I) £ll U Hereford bullocks £l2'los 2.9 PA bullocks £ll 15s 1 store cow r ’s Headley. Son and Stewart. Ltd 50 F.A. 15 months steers £7. 60 do kaifers 10s, 12 do (small) £5 -5s- 3 18 months steers £7 2s 6d. 1 cow nnd calf £7 10s. 3 yearling Jersey steers £3 15s. 1 do P.A. steer £5 17s 6'l 1 springing beif"r £1 10s. 1 at £6 5s 1 do. cow £5 10s, 17 ewes and lambs

28s 6d, 13 fat ewes IBs 4d, 67 at 17s 2d. 15 fat wethers 255, 55 2-th wethers (small) 17s 6d. 87 4-th do 22s 7d. TARANAKI OIL FIELDS. Gisborne, December 10. Taranaki Oil report. Gisborne No 2 well: Running drill pipe circulating, mud and cleaning out well; slight but persistent show of oil in return mud ; boilers not steaming satisfactorily: arranging to increase height of smoke stacks. Kotuku No. 1 test hoie: Drill’d to ■ 965 feet, last 80 feet in soft shale: conditions prevent carrying test bole deeper ■ further operations subject to detailed geological examination of bores.

HIGH COMMISSIONER’S REPORI The Department of Agriculture has received the following cablegram, dated 7th instant, from the High Commissioner for New Zealand, Lou don:— Tallow: No auction this week, bpo may be steady without materia change in values. Rather more busi ness in forward shipments. Wool: Sales closed 4th Decembe> Attendance throughout satisfactory and competition generally well main tained. Continental buying promi ent in Merino section. Home trad, taking bulk of New Zealand crossbred chiefly slipe. Greasy in small supply Compared with . closing rates las, series, superno merino 10 per cent, medium and inferior 5 per cent., fine crossbred 7J per cent., medium and coarse crossbred 5 per cent, higher Average dosing values: 64’s super, 1: 5d to Is 7(1 per lb, nominal, average. Is OJd to Is 2-Jd; 56's/58’s. Is 4|d t' Is lid; 50/56’s, Is 4d to Is 5d 48’s/50’s, Is 2fd; 3G’s/42’s, Is Id tils 2d. Slipe met good demand, but fine halfbred lambs barely maintained last sale level. Medium crossfire' unchanged, and coarse crossbred pai to 5 per cent, higher; 126.000 bale catalogued, of which 108,000 sold Home trade taking 49,000 and Con tinent 60,000.

MEAT BOARD CONTROVERSY. Hawera, Dec. 10. In a letter to the “Star” to-day Mr C. D. Dickie, chairman of the Pa tea Freezing Co., replies to Mr J. Trotter, a member of the Meat Board. Mr Dickie contends that the board is a close corporation of mutton export ers. Beef and pork exporters pay their levy, but get no vote. He asks. “If the Meat Board brought about : reduction in New Zealand freigbrates, what caused the Australian am’ South African rates to drop Iqwerf” Mr Dickie refers to the rise in in surance rates on meat, while the Dairy Board secured a reduction i’ ,butter and cheese insurance rates. Hcontends that the Meat Board over laps the activities of other boards. Ono board should he able to conduct advertising and freight and insurance negotiations for all primary produce, otherwise the hriidon will become too great for the producer.

STERLING ADVANCE. 'United Pres Association—B.v CableCon vrlitht • . New York, Dec. 9. Sterling advanced on the New York market to-day above 488 J, of which level export to Britain would appear to be profitable. This is the highest level since the end of 1927.