FAT STOCK MARKET.

New Zealand Herald, Volume LXIX, Issue 21163, 21 April 1932, Page 5

FAT STOCK MARKET.

WEEKLY WESTFIELD SALE. RISE IN SHEEP PRICES. GOOD QUALITY OF BEEF. I A further distinct firming in sheep prices was tho chief feature at tfie weekly Wcstfield fat stock sale yesterday. Wethers, which had gained 9d a head the picy ions week, made another advance of up to Is 6d a head, and ewes were strong at late rates. The beef market, Low" ever, showed no change, extra choice ox beef being quoted at 20s per 1001b. and prime young cow and heifer beef at 16s to 18s. The quality generally was very high and some exceptionally fino cows made good prices. One line of splendid young cows and heifers made up 'to £6 2s 6d, only £2 below the top ox beef price. The yarding of sheep was average and the competition very steady. With tho advent of winter, sheep prices usually firm very considerably and yesterday's advance was not unexpected. Particularly heavy exports this year are a factor which will probably tend to raise tho local price level during tho next few months. Iho range of values yesterday was above the heads of exporters, but tho yarding was not in excess of local requirements. Ihe offering of calves was fully average and the quality was good. Competition was steady throughout, and although no advances were made, prices were firm at late rates. Pigs came forward in slightly fewer than usual numbers and late rates were fully maintained. The following 'is a summary of the prices realised for fat stock for the last two weeks at tho «Westficld fat stock j. sales: — This "Week. Last "Week. BEEF (per. 1001b.) —- Extra choice ox > 20/- 20/Ghoico and prime OX . . . 17/- to 19/- 17/- to 19/Chorco and prime cow and heifer 101- to 18/- IG/- to 18/SHEEP (per head) Heavy prime wethers . . 10/'- to 17/(3 13/- to .16/3 Medium prime wethers . . 12/0 to 15/(5 12/- to 1 i/0 I'iifinished wethers 9/- 1o ill- JO/- to 11/9 Prime ewes .. 8/'- to M/fi SI- to 13/0 Unfinished ewes G/- to 7/3 5/- to 7/9 Extra heavy prime lambs . . . . 15/- to 10/9 15/- to 17/3 Prime htrabs 9/6 to 14/0 9/0 to 14/0 Unfinished lambs 4/- to 9/- 1/3 to 9/ - CALVES (per head) Runners . . . . 22/- to 59/- 20/- to 45/Veulers . . . . 10/- to 33/- 17/- to 32/PIGS (per head)— Baconers . . 30/- to 48/- 23/- to 47/Porkers .. IV,/- to 35/- 15/- to 37/Weaners . . 3/- to (>/- 3/- to 71Slips . . . . 8/- to 12/- 7/- to 10/Large stores . . 10/- to 18/- 10/- to 16/Top price of the day was secured by two trucks of extra choice quality steers from Mr. R. J. Bell, Tangowahine, which brought front £6 17s 6d to £8 2s 6d. A consignment from Mr. B. Reed, of Waerenga, reached £B. A truck of prime bullocks sold on behalf of Mr. A. Stephen, of Waiotira, realised prices ranging up to £7 15s, and a consignment from Mr. J. R. Ilill, of Ohinewai, brought from £4 17s 6d to £7 10s. Prices up to £7 5s were made by a line of prime cattle from Mr. 0. C. Anderson, of Nukuhau. A consignment from Mr. George Lyons, of Maungatapere, realised up to £7. A truck of nice quality animals from Mr. J. R. Self, of Papatoetoe, realised from £5 15s to £6 15s, and a line from Mr. R. Mitchell, of Taneatua, made to £6 10s. Two trucks from Mr. Gordon Vosper, of Cambridge, realised up to £6 7s 6d. In tho cow and heifer market top price was gained by a line of extra choice cows and heifers from Mr. T. Corneille, of Port Waikato, which made to £6 2s 6d. A consignment sold on behalf of Stephens and Butt, ex Ohinewai, brought from £3 5s to £5 10s. Two trucks of cows and heifers from Mr. IT. Magill, of Te Aroha, were sold up to £5 2s 6d, and a line from the Cornwall Park Trust brought from £3 10s to £5.

DETAILS OF SALES. REPORTS FROM AUCTIONEERS. ALFRED BUCKLAND AND SONS. Alfred Buckland and Sons, Limited, report on tho weekly AVestficld fat stock sale yesterday as follows : Beef.—We penned fat cattle to the number of 215 liead, as against 2(59 head at last week's market, comprising 128 steers and 87 cows and heifers. The ox beef was of excellent quality. There was no alteration in tho demand or values from last report. Extra choice ox sold to £1 per 1001b; choice and prime ox, 17s to 19s; secondary and plain ox. Us to IGs; prime young cow and heifer beef, lGs to 18s; ordinary cow beef, 103 to 15s. Extra heavy prime steers ranged in prico from £7 15s to £B, for steers from Mr. B. Heed. AVaerenea: heavy primo sleerß, £7 to £7 12s Gd; lighter primo steer?, £6 to £5 17« Gd; light prime steers, £4 15s to £5 17s Gd: small and unfinished steers. £2 10s lo £1 12s Gd; extra heavy prime young cows and heifers, £5 to £5 7s Gd: heavy prime cows and heifers, £3 15s to £4 17s Gd; lighter primo cows and heifers, £2 10s to £:S 12s Gd; other killablo vows, £1 to £2 7s Gd. Sheep.-—Tho sheep pens were comfortably filled with a nice class of mutton. There was an improved demand, and all classes secured better prices. A total of 1232 sheep was sold. Plxtra heavy primo wethers made IGs Gd to 17s Gd, for wethers from Mr. .T. Tolhoff, Ahnroa; heavy prime wethers, 15s to IGs 3d; medium to heavy primo wethers. 13s Gd to Ms 3d; licht to medium prime wethers, 12s to lite 3d; unfinished wethers. 9s to lis 9d; extra heavy prime young and maiden ewes, 10s Gd to lis Gd. for ewes from Mr, Adam Hudson, Pollok; heavy prime ewes. 9s to 10s 3d: lighter prime ewes, 8s to 8s 9d; other killable ewes, Gs Gd to 7s 9d. Lamlps.—Lambs wero penned to tho number of' 819, and met with a ready sale throughout. Extra heavy prime lambs made 15s to IGs 9d. for lnmb3 from Mr. A. E. Oyer, East Tamaki; heavy prime lambs, 13s Gd to Ms 9d; lighter primo lambs, lis to 13s-3d ; light primo lambs. 9s to 10s 3d; small and plain lambs. 4s Gd to 8s 6d. Calves.—AVe had an average yarding of calves. Competition was steady throughout, and values firm at ruling rHtes. Runners mndo £1 2s to £2 15s; heavy venlers, £1 lis lo £1 15s; medium, £1 5s to £1 9s; ligh/. 18s (o £1 2a; small, 10s to Ms; rough and bucket-fed, 3s to 9s; bobby calves. Is lo 4s. A lolal of M 9 calces was sold. Pigs.—Eat pigs wero in full supply. All classes fold readily at prices equal to last week's. Choppers made £1 8s to £2 15s; heavy prime bacouers. £2 5s to £2 8s; medium, £1 IGs to £2 Is; light, £1 10s to £1 lis; heavy porkers. -I'T 7s to £1 9s; medium, j'l 3a to £1 Gs; light and unfinished, IGs lo £1 2*; stores, Ms to IGs; (dips, 8s to }os; suckers and weaners, 2s to 8s; sows due to farrow, £1 8s to £2 30s. A total of 532 was sold. DALGETY AND COMPANY. Dalpoty and Company. Ltd., report on tho weekly W'estfield fat stock sale yesterday as follows:Beef.—Both ox and cow beef were yarded in well up to avorago numbers. Tho quality was first-class, but no improvement in demand took place, and values ruled at late rates. Extra choice ox sold to 20s per 1001b; choice and primo ox, 17s to 19s; secondary and plain ox, Ms to IGs; prime young cow and beet, IGs to 18s; ordinary cow beef, 10s to 15s. Heavy prime steers ranged in price from £7 to £7 ss; lighter prime steers, £5 15s to £6 17s Gd: light prime steers. £1 12s Gd to £5 12a Gd: small and unfinished steers. £2 10s to £4 10s: extra, heavy prime young cows and hoifcrs. £. r > 7s Gd to £6 2s 6d for extra well finished heifers from Mr. T. Corneilli; heavy primo cows and heifers, £4 to £5 ss; lighter primo cows and heifers, £3 to £3 17s 13-d; othei' killable cows, £1 5s to £2 17s Gd. Sheep.—Sheep wero penned in well up to average numbers and met with a keen sale at Values improved on late ratofi. Extra heavy prime wothsrs made 15b 3d to IGs 3d; heavy prime, Ms 3d to 15s: medium, 13s 3d to 1-ls; light and unfinished, 12s lo 13s; heavy prime ewes, 9s 3d to 10s 3d; lighter, 7s 6U. to 9s; other ewes, ■ls Gd to 7a 3d,

Laijibs.—Lambs came forward in about usual numbora and sold readily at improved values. Heavy prime lamb realised 13s 3d to 148 -9d; medium, 12a 3d to 13s; light, 10a to 123. Calves.—A full yarding of caives, in which good quality cattle predominated, showed no improvement in values on those ruling at last week's market. Runners made £1 5s to £2 14s- heavy vealers, £i lis to £1 17s; medium, £1 4s to £1 9s; light, 17s to 225; small, Us to ISs, rough, 5s to lis. P'KS.—An average yarding of pigs sold at late rates. Choppers made £1 to £L 19s; heavy baconers, £2 3s to £2 7s; medium, £1 15s to £2 7s; light, £1 10s to £1 13s; heavy porkers, £1 5s to £1 8s; medium, £1 2s to £1 4s; light, 18s to £1 Is; stores, 10s to 14s; slips, 5s to 9s; weaners, 3s to Ga. LOAN AND MERCANTILE. - The New Zealand Loan and Mercantile Agency Company, Limited, report on tho weekly "Westfield fat stock salo yesterday as follows: Beef.—Beef was penned in average numbers. There was a steady demand, with values firm at late rates. Extra choice ox sold to 20s per 1001b; choice and prime ox, 17a to 19s; ordinary and plain ox, 14s to Mia; prime young cow and heifer beef, 16s to 19s; ordinary cow beef, 12s to 15s; heavy prime steers. £7 to £8 2s Gd; lighter primo steers, £3 15s to £G 17s 6d; light prime steers, £4 10s to £5 10s; unfinished and small, £2 15s to £4 ss; extra heavy prime cows and heifers sold at from £5 2s fid to £5 10s; heavy prime young cows and heifers, £4 to £5; lighter, £3 to £3 17s fid; light cows, £2 7s Gd to £2 17a Gd; other cows, £L 10s to £2 ss. Sheep Sheep were yarded in fully average numbers. There was a keen demand, with values improving slightly on last week's sale. Heavy prime wethers made 15s 3d'to IGs fid: medium prime wethers, Us to 15s; light prime wethers. 12s to 13a Dd; small and unfinished wethers, 8s to 113 Dd; heavy prime and prime maiden ewes, lis fid to 13s; medium primo ewes, 9s to 10s 3d: light primo ewes. 7s to 8s 9d; inferiorly fatted ewes, 4s to fis 9d. Lambs.—Lambs were penned in average numbers and sold readily at, late rates. Extra heavy prime realised 15s to Ifis Gd; heavy prime, 13s Od to 14s 9d; medium prime, 12s to i:ss Gd; light prime, 9s to 12a Gd; unfinished, best, fis 3d to 8s 9d; others, 4s to Bs. Pigs.—Pigs were penned in average numbers. There was a steady demand, with values firm at late rates. Choppers sold from £1 to £1 12s; heavy and medium baenners, from £1 18s to £2 fis; light baconers and heavy porkers, from £1 8s to £1 IGs; medium porkers and light porkers, from X'l to £1 03. Values for store pigs were firm at late rates. Large stores made 14s fid to 18s; slips, 8s to 12s; weaners. 3s to Gs. Calves—An average yarding of calves sold at values on a par with last week's quotations. Runners realised £1 10s to £2 19s; heavy vealers, £1 4s to £1 13s; medium, £1 to £1 2s; light. 10a to 18s; 6mall and fresh dropped, 3s to Bs.

RATES AT ADDING TON. LOW VALUES FOR BEEF. [BY TET.EGRAnr. —PRESS ASSOCIATION.] CHBISTCHURCH, Wednesday. With the exception of the fat cattle section, entries at the Addington market yesterday were smaller than for some time. Store Sheep.—The entry of lambs was the smallest for months, and met with a keen 6ale,"with a slight advance in values for rape lambs. Tho adult sheep offering was also the smallest for a long period. The market was erratic, with good soundmouth ewes firmer. Values were: Medium two-tooth crossbred ewes, to 14s 9d; good six and. eight-tooth, lis 6d- to 14s; ordinary, to 9s; good sound-mouth, 10s to 12s; ordinary, to 7s 9d; good six and eight-tooth halfbred ewes, to 14s; ordinary, to 9s; good sound-mouth halfbred ewes, Sp lOd to 10s lOd; aged ewes, Is 9d to 5s 6d; good two, four, and six-tooth halfbred wethers, lis to 12s lOd; ordinary, 8s 6d to 10s; good rape lambs, 10s 6d to lis 9d; medium, 7s 6d to 10s; ordinary, 4s to 6s 6d; extra good halfbred ewe lambs, 113 to 12s 6d; medium ewe lambs, 7s to 8s 6d. Fat Lambs.—A smaller entry of 3200 head of good quality came forward, full "schedule rates being maintained. Values were: Extra prime, to 25s 4d; prime. 18s to 19s Gd; medium, 13s 6d to 17s 6d; light, 10s to 13s. Fat Sheep.—There -wjas an entry of 4700 head. The sale was keen, with si slight advance for all grades. Freezing buyers were again operating heavily. Values were: Extra prime heavy wethers to 22s 6d; prime heavy. 15s 7d to 17s 6d; prime mediumweight. 14a to 15s 3d: ordinary, 12s to 13s Gd; light, 9s Gd to lis 6d; extra prime heavy ewes, to lGs 4d; prime 'heavy, lis to 13s Gd; medium-weight prime. 8s 7d to 10s Gd; ordinary, 7s to Ss 6d; light, 4s 6d to 6s Gd. Fat Cattle.—There was an entry of 415 head, mostly of indifferent quality. The sale was dull, with a decline in values for all classes of 10s to 15s a head. This brought beef values to a level per 1001b. scarcely equalled within s recollection. Best beef made from 19s to 22s per 1001b.; medium. 15s to 18s; secondary, to 14s; rough down to 10s; extra prime heavy steers, £ll 12s Gd; prime heavy, £7 5s to £9 15s; prime medium-weight. £5 to £7; ordinary quality, £3 -os to £4 10s; light, to £3: extra prime heifers, £8 7s 6d; prime. £5 to £6 ss; medium, £3 to £4 15s; light, to £2 10s; 'extra prime cows, to £7 12s 6d; prime. £4 5s to £5 15s; ordinary, £2 10s to £4; aged, to £2 ss. Fat Pigs.—There was a good entry of fat pigs, the principal animation in the market being for light-weight porkers, which recorded an advance in values. It has been decided that in future at Addington pigs will not bo placed in porker pens of weights over 1001b. Values were: Choppers, 30s to £4 Sa Gd; baconers, 3Ss Gd to 45s Gd: heavy, 47s 6d to 54s Gd- extra heavy, to £3 2s Gd; average price per lb.. 3id to 4 Jrd; porkers, 32s to 345: heavy, 36* 6d to 3Ss; average price per lb., 5d to Gd.

LOWER BANK DIVIDEND. NATIONAL OF AUSTRALASIA. REDUCTION TO 6 PER CENT. The board of directors of the National Bank of Australasia recommends, subject to audit, that a dividend be paid for the six months ending March 31 at the rate oE 6 per cent, per annum. The interim dividend paid in October was at an equivalent rate, making 6 per cent, for tho year ended March 31. Last year the bank made a distribution of 8A- per cent., as compared with 10 per cent, in 1929-30. The bank lias a paid-up capital of £5,000,000 and the reserve fund at tho end of the 1931 financial year stood at £3,300,000. LONDON WOOL SALES. GOOD COMPETITION. RATES FULLY STEADY. LONDON. April 19. At tho London wool sales to-day 9861 bales were offered, including 3108 from New Zealand and about 3890 were sold. There was good Home and Continental competition at fully steady rates. New Zealand clips sold as follows: — Greasy crossbred, " Nangatoi," top price, average, 71d. Halfbred, "Ugbrookc," and 9d. Scoured halfbred, " Haystop," 16d and 15fd. THE LONDON MARKETS. PRICES FOR METALS. TIN SLIGHTLY FIRMER. (Received . April 20, 9.55 p.m.) LONDON, April 19. (Quotations on April 18 in parentheses.) Copper.—Spot, £29 16s 3d (£3O ■ lis lOAfl) ; three months, £3O 3s lid (£3O 18s Gel). "Electrolytic Copper.—Spot, £34 (£35); three months, £36 (£36 10s). Wire Bars, £36 (£36 10s). Lead.—Spot, £ll 6s 3d (£ll lis 3d); three months, £ll 12s 6d (£l.l 16s 3d). Spelter.—Spot. £l2 5s (£l2 6s 3d); three months, £l2 6s 3d (£l2 lis 3d). 1 Tin. —Spot, £lO6 8s 9<l (£lO6 2s 6d); three months, £IOB 14s 4id (£lO3 2s 6d). * American 5.75 cents a lb. compared with 6.75 cents.