FAT STOCK SALES

New Zealand Herald, Volume LXXV, Issue 23018, 21 April 1938, Page 7

FAT STOCK SALES

PRICES AT WESTFIELD FIRM TONE IN MOST LINES DECLINE IN CALF VALUES Becont rates wore maintained in n firming market at the Westfield fat stock sales yesterday, calves being tlic only class to depreciate after a temporary recovery last week. Prime cow heel tended to improve, although average quotations showed little alteration. Quality slice)) were in strong demand, ewes especially, at slightly higher prices. Choice lines of pigs also brought good returns. Quality was below standard in a smaller ollering ol ox beef. There was 110 improvement in demand, and values wore about the same as at the previous sale. Bids ranged to £l4, representing a decline of Jos on the top price of last sale, and the average was unchanged for the fifth successive week to .'VJs per 1001b. Prime quality cows tended to bo dearer under a keen demand to £ll, as against £lO 17s (id last week, and quotations ruled from 2;Js to o6i.

Limited Sheep Supplies Owing to the seasonal decline in sheep supplies, accentuated by the present. facial eczema epidemic among stock, there was a limited yarding in this section, A proportion of tho entry was affected with eczema, most of it being passed without sale. Sound wethers sold readily at last week's scale to .'Ms Gd a head, and maiden ewes realised most to 27s each, other grades making to about 225. If anything. ewes were fractionally dearer. Fully firm to better prices were obtained f?>r lambs, which were also offered in frtf'ur numbers. Quality was gonerallv snpoyior to that of last week, as was indicated by the diffoience between the top nrices of 27s 3d. compared with 26s 6d last week. Small and unfinished sorts were priced from 5s to about lis Gd. Dull Oalf Market

Tn consequence of the calf market being over-supplied, values receded on an average of about os a head. The first lines sold appeared to copp with whatever demand was offering, and late sales showed more serious declines. Runners realised to £6 and vealers to £5. both figures being 5s below the best offers' of a week ago. Values were verv firm and inclined to improve for all nrime bacon and pork, which met with spirited competition. Unfinished nigs sold at late rates, and stores showed an imnrovemcnt of about. Is a head. The quality in a medium yarding wa« of good standard Baeoners average 6UI to fijjd ner lb. and porkers 6d to fi',d. Comparison of Quotations The following is a summary of the prices realised for fat stock for the last two weeks at the Westfield fat stock sales:— This Week Last Week BEEF (per 1001b) Extra choice ox 39/• 39/Choice and prime 0* • • 35/- to 38/- 36/- to 38/• Choice and prune cow and heifer 30/- to 30/- 32/- to 35/Boner and rough 23/- to 29/- 22/- to 27/SHEEP (per head)— Prime wethers . 23/- to 31/0 29/0 to 31/0 I'nfin. wethers . 15/- to 22/- 15/- to 2°/0 Prime ewes .. 15/- to 27/- 15/- to 22/0 Unfinished ewes 2/0 to 14/- 2/6 to 14/Prime lambs . . 15/- to 27/3 16/- to 20/0 Unfinished lambs 5/- to 11/0 2/0 to 11/0 CALCES (per head)— Runners .. 40/- to 120/- 00/-to 125/Vealers . . 3/- to 100/- 5/- to 105/PIGS (per head)— Baconers . . 07/- to 89/- 00/- to 88/Porkers . . 21/- to 59/- 21/- to 59/Weaners .. 3/- to 12/- 3/- to »/■ [Slips .. .. 10/- to is/- io/- to 17/- [ Large stores .. 10/- to 28/- 15/- to 20/* Individual Consignments Top price for ox beef was £l4, obtained by .Mr. J. Kay, of Te Ivawa. Bids to £l3 10s were taken for stock from Mr. W. Batty, of Patumahoe. Cattle penned by Xgahtku, Limited, of Putaruru, sold to £l3 ss, and prices to £l2 17s fid were received by Dingle and Son. of Waiotira. A line from Mr. A. \Y. Alley, of Hikutaia, was marketed to £l2 2s fid, and £ll 17s fid was the best offer for a consignment from Mr. A. B. Carpenter, of ivaraka. Bullock's from Mr. R. 0. Ingram, of Tuakau, made to £lO 17s fid,-and a truck from Mr. G. Bregman, of Aka Aka, realised to £lO 10s. An entry from Mr. S. Given, of Waiuku, was cleared to £lO. Cows and heifers from Mr. 11. Kimpt'on, of Manurewa, were traded to £ll, and prices to £lO 17s (id were paid for stock from Mr. 10. M. Wright, of Mauku. An offering from Mr. J. A. Hill, of Ohinewai. sold to £lO 12s fid, and cattle from Messrs. F. ,T. and E. A. Bregman, of Glenbrook, brought to £lO 10s, while Dingle and Son received to £lO. Draughts from Mr. H. Windsor. of Matangi, and Mr. N. G. Morrin. of Pukchnia. made to £9 17s fid. and lots from Messrs. H. S. and A. E. Holmes. of Onewhero, sold to £9 15s. Other quotable consignments were auctioned for Mr. .T. Pohlen. of Matamata. to £f) 12s fid; Mr. H. Ellett, of Mangere, and Mr. J. Dreadon. of Manurewa. to £9 7s fid; Mr. AY. T. Wallace, of Ohinewai, to £9 os; Mr. O. T. Newlove, of Maniaranui. to £9; Mr. T. W. James, of Whakatane. and Mr. H. Plumlev. of Papatoetoe, to £8 17s fid; Mr. L. Jones, of Mangere. and Mr. Kay, to £8 los; Mr. J. Wyllie, of Papatoetoe, to £8 12s fid.

DETAILS OF SALES AUCTIONEERS' REPORTS ALFRED BUCKLAND AND SONS Alfred Parkland and Hons, Limited, reports on the sale as follows: Beef. —We yarded fat cattle to the number of 100 head, as against 233 head last week, comprising 18 steers and ll.s cows and heifers. Ox beef was again in short supply, but there whs no improvement in the demand and values remained firm at late quotations. Good quality cows sold readily at prices fully equal to those ruling last week. Competition was slack for unfinished and second quality. Extra choice ox sold to CI IDs per lOUlb; vhoice and prime ox, £1 l(;s to £1 ISs; secondary and plain ox. £1 12s to £1 1 .">s; prime young cow and heifer beef, .€ 1 12s to XI 15s; ordinary cow beef, £ 1 2s to £1 7s. Extra heavy prime steers ranged in price from .(.'l3 to ill; heavy prime steers, J.'ll 15s to £l2 ss; lighter prime steers, I'll to til 10s; light prime steers, .€lO 10s to £ 1(> 15s; small and unfinished steers, £7 us to £10; extra licavy prime young cows and heifers, £0 5s to I'll; heavy prime cows and heifers, £7 10s to i'S; lighter prime cows and heifers, £5 15s to £(> ss; other killalde cows, £3 os to £4 J7s (id.'

Sheep.—Sheep were penned to the number of 351. Good quality sheep were in short supply, and sold readily at late rates, while plain and unfinished sheep were very dull of sale. Extra heavy prime wethers, .Ct lis to it 12s (id; heavy prime, wethers. .11 us to JL l 10s (id; medium to heavy prime wethers. i'l (is fid to i'l 8s (id; light to medium prime wethers, £'l 3s to i'l 5s Od; unfinished wethers, 15s to 18s fid; extra heavy prime young ewes, 01 2s fid to i 1 3s 3d; heavy prime ewes, 18s (id to tl Is, lighter prime ewes, His 'id to 18s: other killable ewes, lis to His 3d; other ewes, 2s Oil to 10s (id.

Our total yarding of lambs numbered 501. The demand was extra keen for heavy prime lambs, while inferior and plain lambs were bard to dispose of. Extra heavy prime lambs, i' 1 5s to it Ts 3d; heavy prime lambs, 11 3s (id to CI Is (id;- lighter prime lambs, i'l Is (id lo II 2s Od; light prime lambs, His (id to i'l; small and plain lambs. 5s to lls (id.

Calves.—Calves were in full supply. Competition was not so keen, and values for heavy runners and vealers were considerably lower. Small crime vealers were in keen demand and sold fully up to late rates. Runners, C 3 5s to i's; heavy prime vealers, i:t 15s to Ct ss; medium, A3 <>s to C 3 12s; light, C2 10s to ,C2 IOs; smaller, i'l 15s to i'2 (is; unfinished and bucket calves, 11 to i'l lis; bohhy and rough, 3s to His. A total of 285 calves was sold. Pigs.—We had an average entry of pigs. Bidding was spirited for all prime sorts, and values were fully firm. Unfinished piss sold at recent rates, while prices for stores were improved on recent low levels. Choppers made

£ I 15s to £1 fis; heavy prime baconers, €4 4s to .£4 Ss; medium, £3 17s to £1; light, £3 7s lo £3 15s; heavy porkers, £2 13s to £'2 18s; medium, £'2 4s to £2 Os; light, 5s to £1 13s; stores. His to 11 (is; slips, lls lo lis; wenners, 5s to Ids. Baconers averaged <i%<l to (>',(l per II). and porkers (id to O/id per 11). A total of 5sL pigs was sold.

DALGETY AND COMPANY Dalget.v and Company, Limited, reports on the sale as follows: Beef.—Our yarding of beef totalled lf)8 head, comprising 35 steers and 1(!3 cows and heifers, against js>7 head last week. Although there was a steady demand for ox, values did not improve on last week, hut for prime cows there was a stronger inquiry and values improved on those of last week. Extra choice ox sold to 3!)s per 1001b; choice and prime ox, 3<is lo 38s; just tillable, 32s to 355; prime young cow and heifer beef, 32s to 355; just kiilable, 23s to 31s. Heavy prime steers ranged in price from £l3 to 113 5s for steers from Xgatukn, Limited; lighter prime steers, £ll 15s to £l2 17s (id; light prime steers, £ll to £ll 12s (id; small and unfinished steers, £7 15s to £lo 10s; extra heavy prime young cows and heifers, £!> los to £lO 17s (id for cows sold for Mr. E. M. Wright, of Mauku; heavy prime cows and heifers, £S log to £0 7s (id; lighter prime cows and heifers, £7 to CM ss; light cows. £5 to £(i 15s; other kiilable cows, £3 10s to £4 15s. Sheep.—We had an average entry of sheep, and with the demand strong for well-finished lines values for this class ruled at late rates. Plain and unfinished sheep were dull of sale. We did not offer any extra heavy wethers. Heavy prime wethers, 2iSs to 20s Oil; medium. 2(is (id lo 27s (id; light and unfinished, £1 Js to 20s; heavy prime ewes, 21k to 22s T»d; lighter, 18s to 20s (id; other ewes, J2s to 17s (id. A small entry of lambs came forward. Prime sorts sold well, but plain and unfinished were hard to quit. Heavy prime lamb. 2'2s to 245; medium, 20s to 21s (id; lighter, 10s to 10s (id; small and plain, 10s to ISs (id. Calves.—A very heavy yarding of calves was penned, the bulk of the offering comprising plain and unfinished vealers. The supply exceeded the demand, and values eased appreciably on last week's quotations, with the exception of light and small vealers, which sold at late rates. Medium runners, to £1 los; heavy vealers, £3 15s to i-t ss; medium, £3 Is to £3 12s; light, £2 10s to £3; smaller, £1 15s to £2 (is; unfinished bucket-fed, 15s to £1 lis; bobby and rough calves. 5s to J (is. Pigs.—An average yarding of fat pigs was penned. Competition was spirited and values for both baconers and porkers ruled very firm on late rates. Heavy baconers, £4 3s to £4 Os; medium, £3 17s to £4; light, r.'! Os to £:\ l is; heavy porkers, £2 13s to £2 10s; medium, £2 Is to £2 Os; light, £1 lbs lo £2 3s; small and unfinished, £L 4s to £1 l is. LOAN AND MERCANTILE The New Zealand Loan and Mercantile Agency Company, Limited, reports on the sale as follows: —- Beef.—We had an average yarding of beef. Competition was steady, with values firm for all classes at last week's quotations. Extra choice ox sold to £1 lfts per 3 (Kill); choice and prime ox, £1 15s to £ I l>is; ordinary and plain ox, £1 7s to £1 lis; prime young cow and heifer beef, £ 1 los lo .cl His; ordinary cow beef, .CI 3s to £1 Rs. Heavy prime steers, £l2 10s to £l3 10s; lighter prime steers, £ll to £l2 7s (id; light prime steers, £0 15s to CIO 17s (id; plain and small, £S to £0 JOs; extra heavy prime young cows anil heifers, £0 to £lO 17s (id; heavy prime .voimg cows and heifers, £7 12s (Id to £8 15s; lighter, C'i 10s to £7 10s; light, £5 to £(> 7s (id; aged and plain-finished cows, £3 5s to £1 15s. Sheep.—An average market of good quality mutton met a ready demand, and values improved Is to 2s a head in the case of wethers and 3s to 4s a head for prime ewes. Extra heavy prime wethers, £1 14s to £1 lis (id; heavy prime wethers, £1 12s to £ I 13s od; medium prime wethers, £1 Os to £ I lis (id; light prime wethers, £1 (is to £1 Ss Od; small and unfinished wethers, £1 2s to £L ss; prime maiden ewes, to £1 7s; heavy prime ewes, £1 5s to £1 (is Od; medium prime ewes. £1 3s to £1 4s (id; light prime ewes, £1 to £L 2s (id; smaller ewes, J7s to 19s 0(1; just kiilable ewes, lis to Kis Od; other ewes, 3s Od upward. Lambs in average numbers also sold readily at late quotations. Heavy prime, '£1 4s (id to £1 0«; medium prime, £1 2s (id to £1 4s 3d; light prime, 10s to £1 2s; unfinished, best, 15s to ISs; others, -8s upward.

Pigs.—We had a large yarding of pigs. Competition was still keen and values remained firm on late quotations. Choppers sold from €1 to £3 lfis; heavy and medium hiu'oners, from £3 18s to £4 8s; li<;bt baconers and heavy porkers, from £3 3s to £3 Kis; medium porkers and light porkers, from £•_' 5s to £3; small, £1 10s to £- •_'s. Store pigs sold at late rates. Large stores, £1 to £1 8s; slips, 10s to 18s, weaners, 3s to l'2s. Calves. —Our entry of calves was a heavy one, there beinj an over-supply, which met with a poor demand. Values were considerably easier; only in odd instances for extra good vealers were last week's quotations reached. Runners, £2 to £(i; heavy vealers, £4 to £5; medium, £3 to £3 loS; light, £'> to £- 16s; smaller, £1 5s to £1 18s; small. l'Js to £1 Us; roueh calves, 10s to £1; fresh dropped, 5s to 10s.

ADDINGTON MARKET IMPROVEMENT IN VALUES [BY TELEGRAPH —PRKSS ASSOCIATION*] CHRISTCHURCH, Wednesday Entries at to day's weekly Addington stock market were about half the usual size, the holiday festivities being only half-way through. In practically all the major sections of stock there was a solid improvement in values. Store sheep: About 3500 were penned, a third of whicli were Chatham Island ewes. These sold at an advance of '2s (id a head on last week, the best of the four, six and eight-tooths making '2:ss and the next oualitv 2 , .. , 5. Local two-tooths made to •28s. Wethers sold at 18s lid for forward sorts and up to His for others. Pat lambs: A small entry of 500-odd head sold up to SV-d. under butchers' competition, for best quality. Fat sheep: A skeleton entry of about UiOO head resulted in good ewes being better by up to -Is a head and wethers by about •>s (id. The best of the wethers sold at from :t(is to 335, tops to 35s lOd, and medium from 25s to 28s. Good ewes sold from 22s to 21s, a few tops at up to 31s, and general class at from 15s to 18s. Fat cattle: Only 310 were penned and there was a keen sale, with an advance of about 25s a head i for best steers and to 15s for cows and lieifers. A pen of show steers sold at from l'l!> 12s (id to £2O 12s (id; good prime heavy steers. £ls to £l7; light, down to £10; best heifers, to £11; cows, to £ 11_ 2s (id. with rough sorts down to £■» 15s: best beef. 35s to ,'lSs per lOolb; good, 32s to ills: rough, down to 2ls. Fat pigs: Porkers «old unevenlv, but with little change on last week nnd there was no change in the value of baconers. Porkers made from 35s to 59s (id or fi'vl to 7", d per lb; baconers, 55s (id to £1 10s Gd, average price 6d to (JVjd. Reports of Countrv Stock Sales appear on Fago 9

BURNS, PHILP (SOUTH SEA) EXPANSION IN EARNINGS The net profit of Burns, Philp (South Sea") Limited, Fiji, for the year ended .January <'U was £(55,115, compared with £58,088 in the previous year. With a final dividend of 8d a share proposed and the interim dividend of 7d the distribution for the year is 61 per cent, against 5 1-0 per cent in the previous year. The year's dividend requires £46.575, and after transferring £IO,OOO to reserve and providing £SOOO for statf provident fund, £9()'2l is carried forward.' against £6351 brought in. Tlu> amount written off depreciation was £33,603. The directors state that the setting aside of £SOOO is a first contribution to a staff retirement Fund to be administered under the full control and at the discretion of the directors. The average market price of copra during the year, the directors report, was profitable to producers. Consequently, shipping and trading operations benefited accordingly and yielded satisfactory results. MINING NEWS

YIELDS OF COMPANIES Mataki (Murchison). —Period ended April 14, a total of 290z. from 7500 yds. in 102 hours. Bulolo (New Guinea). —For March the total gross production amounted to 18,2810z. of bullion containing 11,2350z. of fine gold from 1,041,000 cubic yards; estimated working profit, 7881oz. of fine gold. The production is equivalent to £98,306 and working profit to £68,958 on the hasisi of £S los (Australian) a iine ounce of gold. Dredge No. 6 was completed and commenced digging to bedrock on March 24. MINING SHARES IN LONDON LONDON, April 1» On the mining market to-day the following quotations , ruled:—Clutha Pivor Company, buyers. Is 7Jd; sellers, Is 10id. Molyneaux River company, buyers. lOJd; sellers, Is ljd.