COUNTRY STOCK SALES

New Zealand Herald, Volume LXXII, Issue 22107, 13 May 1935, Page 5

COUNTRY STOCK SALES

MORRINSVILLE YARDING PRICES FOR FAT SHEEP The Farmers' Cooperative Auctioneering Company. Limited, held its usual weekly 6tock sale at Morrinsville on Friday, when iat eheep were penned in larger numbers, and late rates fully maintained. The entry comprised a good proportion of fat lambs, which sold in advance of schedule rates. A number of store lambs also came forward, prices being on a par with recent sales. The yarding of 780 four and five-year-old ewes on behalf of J. Oman, of Gisborne, met with a good reception and attracted a large bench of buyers. Bidding was fairly brisk and a total clearance was effected at satisfactory prices The advertised line of Southdown ewes, on behalf of James Knight, of Feilding, averaged £2 2s each. There was a good yarding of all classes of cattle. The beef section comprised mostly mediumQuality fat cows, for which values remained firm. A total clearance was made at late rates. Store cows sold at equal to last week's prices, according to condition. There was a keen inquiry for a few pens of medium-quality Shorthorn steers, which realised £2 Bs. An average of fat pigs remained firm at late rates. No prime heavy baconers wen renned, the entry including a good proportion of medium and light bacon pigs. A smaller entry of stores and weaners met with good competition at firm prices. Sheep: Fat wethers, to 24s 3d: fat ewes, lGs 6d to l 7 e 3d: forward empty ewes, to 14s; fat lambs. 18a to 19* 8d: others, 15s 9d to 17s; forward-conditioned lambs, 14s to lis Gd; mixed sex store lambs, 9s 6d to lis sd; cull lambs. 9s; four and five-year ewes, running with Southdown rams, cx Gisborne. 22s 7d to 22a 8d: stud two-tooth Southdown ewes, £2 2s; m.a. Southdown ewes,- £1 1». Cattle: Medium fat cows, £4 9s to £5 4s; light, £3 Ss to £3 19s; light fat Jersey cows, £2 10s to £3 2s; killable cows, 32s to £2 7s; boner bulls, £3 12s to £4; lighter, to 355; yearling Shorthorn, steers, to £0 8s; best dairy cows. £5 15s; backward dairy cows. £2 ss; heifers, £2 10s to £3. Pigs: Heavy baconers. £3 3s to £3 4s; medium. £2 IBs to £3 2s; light. £2 10s to £2 16s: heavy porkers, 3Ss to £2 ss; medium, 32s to 36s : light, 25s to 30s; unfinished. 17s to 235; stores. 14s 6d to 17s: slips, Us to 14s: weaners, 8s to 10a Gd. At Dalgety and Company's sale there was a good yarding and a large attendance of buyers, the whole of the offering being sold under the hammer. On account of E. C. Pilkington, of Tauhei. a pen of heavy Friesian bullocks sold at £8 16s, and another pen of good quality, well-finished Shorthorn bullocks, at £8 4s. Fpt cows. £2 2s to £3 15s; fleshy cows, 27s to 355; boners. 15s to 235; weaner Jersey heifers, 19s to 30s; bulls, 20s to £3; 15 good baconer3, at £3 7s: porkers, 30s; weaners, 7b. At the New Zealand Loan and Mercantile Agency Company's sale the entry was a medium-sized one, most of the offering being eecond-class fat cows. Several pens of good quality cows were included, however. Quite good competition ruled and prices were well maintained at recent rates. Medium-quality Shorthorn and Hereford cows. £3 16s to £4 7s ; lighter quality fat cows. £3 5s to £3 12s: killable cows. £2 15s to £3 3s 6d: freshconditioned. £2 to £2 12s 6d; good store cows, £1 9s to £1 17s; plain stores. £1 4s to £1 9s; boners, 13s to 235; good bulls, £2 10s to £3 9s.

LARGE TE AWAMUTU OFFERING The New Zealand Loan and Mercantile Agency Company, Limited, held its triweekly sale at Te Awamutu on Thursday. The yarding of cattle was of exceptional dimensions, there being approximately 751 head entered. The fat section was well filled and contained some particularly choice quality cows and heifers. Strong competition prevailed and values, mostly on good quality stock showed a substantial improvement. A number of pens of yearling Polled Angus heifers and calves was eagerly sousht from a large bench of buyers at good values. Several pens of heifer calves were of only mediocre quality, ruling rates resulting. The advertised in-calf heifers were not particularly attractive and the vendor declined to accept offers on about a third of the 150 entered. Schedule rates ruled for a number of potter bulls, while a few dairy cows sold satisfactorily. Choice fat heifers, £6 5s tc £7 2s fid: prime fat cowfl and heifers. £5 12s 6d to £(> 2s 6d: good quality fat cows and heifers, £4 15s to £5 10s; medium quality. £3 10s to £4 12s 6d; lighter. £2 12s fid to £3 7s fid: fresh-conditioned cows, £1 14s to £2 ss: good stores, ISs to £1 7s; 18 months plain store steers, £2 lis to £2 17s: smail Polled Angus store steers, low conditioned, £1 15s to £1 19s; Polled Angus heifer calves. £1 IPs; heavv potter hulls. £3 10s to £4 ss; others, to £3: in-calf plain Jersey heifers. £1 15s to £2 4s: others, up to £1 14s; good dairy cows, up to £5 ss. Approximately 1750 sheep, principally store and forward lambs, were entered. Bidding was brisk and prices compare favourably with Frankton rates. Store lambs also were eagerly sought and a complete clearance was effected. Medium fat wethers. £1 Is to £1 3s: light. 19s to £1 Is; good quality fat ewes. 16s to 17s 7d; medium. 15s to l Gs ". lighter quality, ur> to 14s 9d-. extra heavy fat lambs. £1 to £1 2s Sd: good quality fat lambs. 18s 6d to 19s 9d; medium fat lambs. 16s fid to ISs: forward store lambs, 14s 4d to 15s 7d: medium store lambs, 12s 9d. to 13s 9d: light, lis fid to 12s fid; poor to 10k 7d; pen two-tooth to five-year breeding ewes. £1 St. Although porker pigs were entered in large numbers, there were fewer baconers. Prices were well maintained at current quotations. Store and weaner pigs came forward in more than usual quantities. but. nevertheless. Bold well at prices showing an improving tendency m comparison with Frankton. Medium baconers. £o 14s to £2 17s; light, £2 9s to £2 13s; heavy porkers. £2 Is to £2 9s: £1 Us to £1 17s; light, £1 os to £1 lis. large store pigs. 17s to 19s: medium, los to 17#; small. 13s to 15s: slips, Bft to 10a. weaners, up to 7s. GOOD CLEARANCE AT OHAUPO Dal get y and Company. Limited, held its usual stock sale at Ohaupo on Friday, a good yarding of cattle came lorward. Practically a total clearance was made. Medium fat Sliorthora and Jersey heifers. £3 3s to £3 fis; lighter fat heifers £2 5s to £2 12s; good quality fat cows, 10s to £3: lighter sorts. £2 5s to £2 7s 6d: good young fresh-conditioned store cows. £1 15s to £2 2s; others. £1 9s to £1 14s: store cows. £1 2s to £1 ss; boner cows. lfis to lets: dairy cows. £1 15s to £2; light potter bulls, £2 2s 6d to £2 10s. NGONGOT AHA VALUES The Farmers' Co-operative Auctioneering Company, Limited, reports having held its fortnightly stock sale at- Xgongotaha on Thursday, when a medium yarding came forward. Pigs sold equal to late rates. The entry of sheep comprised mostly store wethers and fat ewes, these selling at, firm rates. There was a small entry of all classes of cattle, with fat cows and heifers firm. A few pens of store cattle showed no alteration. Dairy cattle close to profit were in good demnnd. Quotations are: Figs, ers. 38s; good stores, 21s fid; slips. Us to 13s; weaners. 6s to 8s 6d. Sheep: Fat wethers, 25s 9d: store wethers. 19s: light fat ewes, 14s fid to 15s 6d; ewe lambs. Hs.M: forward wether lambs, 13s 4d. Cattle: Light, fat heifers. £3 16s to £4 4s; killable cows, £2 to £2 12r ; fresh conditioned cows. 25s to 325; boner cows, 14s to 225: potter bulls. 35s to £2 ss; 2}-year Shorthorn steers, £3 lis; three-year Friesian steers. £3; coys and calves, £2; Shorthorn heifers, run with bull. £2 3s; springing cows and heifers, £3 to £4 ss.

COMPETITION AT PUTARURU [from our OWN' correspondent] PUTARURU, Saturday The Farmers' Co-operative Auctioneering Company. Limited, held its fortnightly Btock sale at Putaruru on Thursday, when the pig yarding consisted principally of stores and woaners. Competition was good throughout. Fat cows were yarded in full numbers and sold at late rates. A heavy yarding of second quality and boner cows sold at schedule rates, while bulls showed no alteration. A full yarding of in-calf heifers found a dull sale. Heifer calves sold at unchanged rates. Dairy cattle, close to profit, found buyers at usual rates. Piss: Porkers, 33s to 38s: pood stores. 18s to 20s; smaller. 15s to 16s fid: slips. 10s Gd to 12s Gd; best weaners, 7s 6d to 9s Gd; smaller, 2s Gd to 5s Gd: aged sows, 20s to 27s Gd. Forward-conditioned lambs. 12s 3d: store ewes, 7? Gd. Cattle: Light fat cows and heifers, £3 12s to £4 4s; heavy second quality fat cows, £2 10a to £3 3s: kiilable cows, SSs to ±'2 Ss; fresh-conditioned Jersey cows. 2Gs to 345: boner cows, 18s to 235: rough old cows, lis to 15s; potter bulls. £2 to £3 10s: well-grown Jersey heifers, runnine with bull, £2 10s to £3 3s; smaller sorts, 25s to 355; cows in milk. 35s to £2 las: Rood quality Jersey heifer calves, 20s to 225; smaller sorts. 14s to ISs.

PIOPIO OFFERING

[from our own correspondent] TE KUITI. Saturday Dalgety and Company, Limited, report having held its tri-weekly stock sale at Piopio saleyarda on Thursday. There was a small yardinc of sheep, which sold at late rates. A good offering of cattle, comprising mostly fat and boner cows, and a good entry of well-bred run calves, sold under quite good competition. Quotations: Good five-year ewes r.w. Southdown rams, 225: medium store two tooth wethers, 38s; medium mixed-sex lambs. 12s 9d: wether lambs, medium, lis; small blackface lambs, 8b 5d to 9s fid. Heavy fat cows and heifers. £4 )o £5; medium. £2 15s to £3 10s: light. £1 15s to £2 ss; fresh-conditioned cows. £1 as to £1 12s Gd; boner cows, 12s Gd to 235; 3i-year-old mixed colour bullocks, £4 Is: 18-months Polled Angus heifers, £2 to £2 10s ; best Polled Angus Bteer calves, £2 5s to £2 13s; medium, £1

15s to £2; small, £1 5s to fl 12s 6d; best Polled Angus heifer calves, £1 it to £1 8s: medium, 17s to 21s. Abraham and Williams. Limited, held its usual sale at Piopio on Thursday, when a small yarding of sheep and a fair yardiijK of cattle came forward. There was a good attendance of buyers. . and prices for both sheep and cattle were on a par with late rates. Medium ewe hoggets, 15s 6d; medium wether hoggets. 13s 4d; small wether hoggets. 10f 3d: good fat cows, £4 6s; good store cows, £3 10s to £'2 17s: plain store cows. £1 10s to £1 17s; medium weaner Polled Angus steers, to £1 10s; small, £1; small weaner heifers. lGs to £1; boner cows, £1 5s to £1 10s; boner bulls, to £2 15s. OFFERING AT MATAWHERO [by TELEGRAPH —OWN correspondent] GISBORNE. Saturday The yarding of store sheep at the Matawhero yards yesterday was larger than in recent weeks and there was good competition from a large attendance of farmers and dealers. The market was easier for beef and fat sheep. The beef yarding, comprising an. indifferent lot of beef cattle, sold at from 24s to £2 15s a Head. The fat sheep entry was larger than usual, totalling 67(j. A few pens sold at about recent values, but the market generally was easier. Ewes made lis lOd to 15s sd, several of the pens realising 14s upward. Lambs ranged from 12s to 16s 9d, and a few wethers made 17s 6d. Twotooth ewes made 18s. In store sheep, firstclass lots of nosgets made 14s 7d to 14s lOd; good-conditionid, 13s -to 15s fid; medium, with little condition, 9s; wethers, 18s 6d for very forward and 17s for ordinary. In breeding ewes, two-tooths to five-year, of quality, made 20s 6d; two-tooth, ISs 6d; fiveyear and ooand-mouth, 16s Id to 17s 3d; four, nix and eight-tooth, good condition, 18s Id. DISPOSAL OF HERD The North Auckland Farmers' Co-opera-tive, Limited, reports holding a clearing salo of Mr. "W. H. Cullen's dairy stock on Thursday, when there was a good attendance of buyers and stock were Bold at satisfactory prices. Cows to calve brought from £5 17s 6d to £6; and later calvers, £3; backward Jersey heifers, £l 7s 6d.

GOLD TAX BURDEN

" ALMOST iNIQUITOUS " The burden of the gold tax was emphasised by the chairman of the Lawson's Flat Gold Sluicing Company, Limited (Kumara), Mr. E. H. S. Hamilton, at the annual meeting of the company. Gold mining was an important industry to New Zealand, both as an employer of labour and as a producer of exports, and it was almost iniquitous that the Government should impose on the industry a tax that in the early stages of a company amounted almost to a capital levy, he said. The company had paid gold tax in the year just closed amounting to £524, and in the previous year, during which the mine was first opened, the taxation had been £390. The total for the two years was £914, or more than one-third of the accumulated debit balance of profit and loss account,, and a most serious handicap to a new company. Put another way, the Government had received a dividend equal to 2 2-3 per cent per annum for the last two years on the paid-up capital of the company, while the shareholders had made losses totalling more than 15 per cent of such capital.

RUSSIAN TRADE

ORDERS PLACED IN BRITAIN Orders placed in Great Britain by Soviet trading organisations in February amounted to £1,121,282, compared with £902,863 for the same month last year. The total value of the orders placed in the first two months of 1935 was £1,827,690, compared with £1,318,649 for the corresponding period in 1934, an increase of 38.6 per cent. The principal goods purchased in February were:—Machinery and equipment, £530,295; ferrous alloys and steel, £36,977;. non-ferrous metals, £213,017; textiles (raw materials), £162,093; tea, £134,603; miscellaneous, £44,297. In the first two months of this year the Anglo-Soviet Shipping Company, Limited, chartered on the London market 79 vessels of 494,075 tons, and the freight is estimated at £337,259. Of this total 57 vessels, of 338,741 tons, were British, and the amount due to British owners is estimated at £221,993. In the first two months of 1934 only 44 vessels were chartered, of which 27 were British, and out of a total amount of £216,038, paid in freights, £147,735 was received by British owners.

PRODUCTION OF LEAD

OUTPUT IN AUSTRALIA In spite of a lower output than in the previous year, Australia retained in 1934 her place as the second largest producer of lead in the world, a ranking attained in recent rears since the depression in metal prices enforced a curtailment in Mexico's production. For Australia's increase from 126,000 tons 10 years ago, the development and production at the Mount Isa field, in Queensland, is the chief factor. The United States continued to be easily the world's largest producer, and accounted mainly for the year's estimated increase of 150,000 tons in total production. Both Mexico and Canada showed substantial increases. The estimated world production last year, compared with the actual output in 1933, was as follows: — 1933 1934 Tons Tons United Stateg .. .. 2G0.000 330.000 Australia . • • • • • 205.000 190,000 Mexico • • .. . • 125.000 165.000 Canada .. .. .. 116,000 150,000 Germany and Poland • • 126,000 130.000 Spain 92.000 75,000 Burma •• •• •• 72,000 71,000 Belgium •» • • • • 62.000 65.000 Others • • • • • • 114,000 149,000 Total 1,175,000 1,525,000 The price of the metal last year followed a course disappointing to producers. The highest quotation in London was £ll 16s 3d a ton in February, but the early improvement was not maintained, and the price shrank subsequently to £lO in October. Sir Colin Fraser, chairman of Broken Hill South, Limited, reiterated his ' statement during the year that only the advantage of the Australian exchange rate made production at the Broken Hill mines an economic proposition.

RESERVE BANK REGISTER

[BY TELEGRAPH —PRESS ASSOCIATION"] WELLINGTON, Saturday The Reserve Bank register of shareholders will close from May 14 to June 12.