COMMERCIAL

Northern Advocate, 21 September 1933, Page 10

COMMERCIAL

WESTFIELD STOCK SALE BEEF VALUES RISE. KEEN DEMAND FOR WETHERS, / - ■ BACONERB SLIGHTLY EASIER. (Special io “Northern Advocate.”) AUCKLAND, This Day, Messrs Dalgcty and Company’s. Ltd,, report on the weekly fat stock sale held at Westfield yesterday as follows: —

hoad were penned as against 196 last week. There was a keon demand for all classes, which resulted in values improving by 2/ per lOOlbs. Quotations:

Extra choice ox sold to 20/ per 100 lbs; choice and prime, 17/ to 19/j just tollable, 34/ to 36/; prime young cow and heifer beef, 36/ to 3.0/; just killaide, 12/ to 15/; extra heavy prime steers, £S to £8 7/0; heavy, £7 5/ to £7 17/0; lighter, £0 to £7 2/0; light, £5 5/ to £5 17/0; small and unfinished, £3 7/0 to £5; extra heavy prime young cows and heifers, £5 12/0 to £0; heavy, £4 10/ to £5 10/; lighter, £3.10/ to £4 7/0; others, £2 to £3 5/.' Sheep.---Sheep came forward in full numbers, the offering containing a good number of owes. The demand for all classes was keen, and values for wethers, ruled firm at late rates, while, ewes sold at slightly lower values. Hoggets continue to sell readily and only a few lines arc coming forward. Extra heavy prime wethers, woolly, 29/ to 29/0; heavy/ prime, 27/ to 28/9; shorn, 23/; medium, 25/ to 20/9; shorn, 20/6; light and Unfinished, 20/3 to 24/0; shorn, 19/6; heavy prime ewes, 20/0 to 21/9; lighter, 18/0 to 20/; shorn, 14/ to 15/; other ewes, 15/ to 18/. Lambs.—Spring lambs were penned in large numbers, the quality being first-class. The larger yarding ac, counted for an easing in values. Heavy prime lambs made 22/ to 23/; medium, 20/ to 21/9; light, 12/6 to 19/.

Calves. —Calves were yarded in shorter number than last week, there being comparatively few of good quality offering. Competition was very keen throughout, and values were firm at late rates. Runners made 40/ to 66/; heavy vealers, 66/ to 73/; medium, 59/ to 6.5/; light, 43/ to 54/; rough and bucket-fed, 12/ to 24/. . Pigs.—A heavy yarding of pigs came forward. ' Values for porkers were on a par with late rates, while bacoriers were a little bit easier. Heavy baconers made 59/ to 63/; medium, 50/ to 55/; light, 43/ to 47/; heavy porkers, 38/ to 41/; medium, 33/ to 36/; light, 28/ to 31/; small and unfinished, 20/ to 25/. ADDINGTON MARKET. BEEF VALUES SLIP BACK. FAT SHEEP DEARER. (Per Press Association.—Copyright.) CHRISTCHURCH, This Day. A further substantial advance ill fat sheep values caused by a short supply, and a decline in fat cattle prices through ovefsupply, were features at the Addington market yesterday. Store Sheep.—The entry was small, the largest .proportion consisting of hoggets, which scarcely held late rates. Ewes and lambs sold steadily at late quotations. Values, were: — Medium ewe hoggets, to 15/4; good wether, 14/2 to 15/3; medium, 12/ to 13/;* medium mixed-sex, 13/ to 15/1; ordinary, 10/ to 12/; good ewes and lambs, ail counted, to 14/7; ordinary, 9/(5 to 11/; aged, 6/ to 8/; medium sound-mouthed, to 16/9; young crossbred wethers, to 14/10. Spring Lambs.—The entry of 110 sold firmly. The price per lb was 10-ld to 10-Jd, and top price was 32/7, Fat Sheep.—There was an entry of 3100 head. The smaller yardings met with a keen sale, the basis of values advancing 1/6 to 2/ a head for all classes. Values were:—Extra prime heavy wethers, to 34/7; prime heavy, 29/ to 31/; mediumweights, 26/ to 28/6; ordinary, 22/ to 25/6; light, 19/ to 21/6; extra prime heavy ewes, to 31/1; prime heavy, 27/; to 29/; medinmweight, 24/ to 26/6; ordinary, 21/ to 23/6; light, 17/ to 20/6.

Fat Cattle.—An entry of 378 head included 150 head from southern centres. The market opened firmly, but slipped 10/ to £1 a head below late rates. Best beef made from 25/ to 28/6 per lOOlbs, a few specially good up to 30/; good, 22/ to 26/; heavyweight, 10/ to 22/; medium, 15/ to 18/; rough, to 14/, Values were:* — Show bullock, £ls 7/6; extra prime heavy steers, to £l2 12/6; prime, £0 to £ll 30/; mediumweight, £8 5/ to £lO 5/; ordinary, £6 5/ to £8; light, to £5 30/; extra prime heifers, to £ll 7/6; prime, £6 15/ to £8 10/; medium, £4 35/ to £6 5/; light, to £4 30/; extra prime cows, to £9 7/6; prime, £5 30/ to £7 3.0/; medium, £4 to £5 5/; light and aged, to £3 15/. Fat Pigs.—There was a medium entry, with a. good demand for betterquality pork and bacon bought for export. Values were: —Choppers, 20/ tto 48/6; porkers, 25/6 to 20/6; heavy 30/6 to 35/6 (average price per lb, 5d to 53d); baconers, 38/6 to 46/6; heavy 48/6 to 55/6; extra heavy, to 61/6 (average price per lb, 4}d to 43d). HAWKE’S BAY VALUES. OFFERING AT STORTFORD LODGE CATTLE IN DEMAND. (Per Press Association. —Copyright.) HASTINGS, This Day. A short market and a keen demand for the 'bulk of the offering combined to raise values on the better lines of stock entered in the fat cattle section at the Stortford Lodge sale yesterday. The demand from the start was keen and continued evenly throughout the progress of the sale. A total of 180 fat cattle was yarded, the quality of the entry being similar to that of last week. Yesterday ’s

sale was one of the best that has been experienced for some months. Heifers were offered in smaller numbers than usual, while the cow entries constituted the biggest proportion of the entries, with bullocks well represented. Bullocks, medium to prime, made £6 2/6 to £9 6/2; others, from £5 5/; cows, medium to prime, £4 15/ to £6 5/; others, from £3 5/; heifers, medium to prime, £4 18/ to £5 12/6; others, from £3 10/. A large yarding of 700 store cattle mot with a steady demand, and values rose in consequence. The uncertainty in regard to the quota on beef has affected the demand to a certain extent, but oven so, the need for store cattle to stock up for the spring flush of feed compels buying. Heifers made 28/6 to 37/; yearling to 4-ycar-old. steers, 50/ to 85/; bullocks, 92/ to 103/; cows, to 40/.

A yarding of 1500 head of fat sheep met with an easier market, with local buyers doing the bulk of the purchasing. Little outside demand was apparent, and rates fell by 1/ to 2/ a head, ewes being principally affected. Ewes, medium to prime, made 17/6 to 20/7; others, from 11/6; hoggets, to 20/; wethers, medium to prime, 20/ to 24/9. A moderate yarding of store sheep met a very good market, the demand being keen and values showing a distinct Arming. Ewes made 7/3 to 15/1; ewes, with lambs, all counted, 11/6 to 15/1; wethers, 15/8 to 18/2; hoggets, 13/1 to 18/. CANTERBURY FARMERS’ CO-OP. LOBS ON ' LAST YEAR. (Per Press Association.—Copyright.) TIMARU, This Day. The annual report of the Canterbury Earners ’ Co-operative Association states that notwithstanding the continued depressed state of world conditions consequent on the low; prices for primary products the business of the association increased as follows: —Merchandise turnover, by £18,723; grain and produce, £21,044; auction, £30,925. As a result the year’s trading, showed an increase in the gross profit of £16,011. In view of the prevailing conditions it had been considered .prudent to make further provision for bad and doubtful debts and exchange, the result being.that a loss of £15,442 was disclosed. The costs of running the business had been further reduced by £2373. There was also * a decrease in the company’s responsibility compared with the previous year of £10,071.

BONDS AND SHARES.

I , ■ SYDNEY, September 20. On the Sydney Stock Exchange today there was considerable activity and buying confidence owing to the promise of tax reductions in the Federal and State spheres; also to further improvement in wool prices. Industrial shares sold generally higher. Bonds firmed. Gold and tin shares were in strong request. Morning sales included: —Commonwealth 4 per cent' bonds: 1938, £lO3 IV; 1941, £lO4 V; 1950, £lO5 2/6; 1957, £lO5 7/6; 1959, '£los 17/6. National Bank, £6 11/; Toohey’s Brewery, ox dividend, 23/7s; Tooth’s Brew ery, 89/6; British Tobacco, 37/7s; Broken Hill Proprietary, 30/11-; Winchcombe • Carson, 28/Is. Afternoon sales included: Bank of New South Wales, £33 5/; Commercial Bank of Sydney, £lB 7/6; Union Bank, £lO 12/; National Bank, £5 paid, £0 .12/; Bank of Adelaide, £6 2/6; Colonial Sugar, New Zealand delivery, £59 15/; Associated News Consolidated, £1 shares, 18/1-1; ditto, New Zealand delivery, 18/1$; preference, 19/1$; Australian Provincial Assurance, 11/11; Adelaide Steam, 24/7; Howard Smith, 11/10; Eerlei, 27/3; British Tobacco, 37/6; Tooth’s Brewery, 39/6; Toohey’s Brewery, ex dividend, .23/7s;" Dunlop Perdreau, 18/41; dittp, preference, 33/6; Goldsbrough Mort, 30/3; Morris Hedstrom, 20/3; Millaquin Sugar, 28/6; David Jones, 31/; Lustre Hosiery, 15/9; Australian Iron and Steel, preference, 16/9; J. McGrath, 28/; Winchcombe Carson, 28/1$; Wunderlich, 21/7s; Wilcox Mofflin, 9/5; Broken Hill, Proprietary, 39/3; South Broken Hill, 66/6; North Broken Hill, 87/; Zinc Corporation, 37/6; Mount Morgan, 48/3; Bulolo Gold, 97/9; Placer Development, £l4 5/; Kuala Kampa, 8/n. MINING NEWS. VISIBLE GOLD.. Alexander Mines, Ltd., Eeefton, lias advised the Auckland Stock Exchange as follows:: “Stone showing visible gold has been cut in new; No. 4 level. Width not known until further work is done.”