COMMERCIAL

Poverty Bay Herald, Volume LXI, Issue 18526, 12 October 1934, Page 3

COMMERCIAL

ABERDEEN-ANGUS SALE

SUCCESSFUL GISBORNE STUD • SEVERAL PRIZES TAKEN At the sale of pedigree AberdeenAngus hulls held at Danncvirkc on Wednesday, the first prize for the best- bull, at the sale was awarded to “Nero ofWaiterenui,” owned by Mrs. I. Harris, ol Rere, Gisborne. ' {, The cup for the best group of three was won by the Waiterenui Stud with' three very choice yearlings, the- second prize, too, going to Mrs. Harris’ entry, arid the best- yearling prize was also won by a Waiterenui beast. At the subsequent, sale, the best yearling was purchased by Mrs. Hands, and will lie on exhibition at tile corning Poverty Bay A. and P. Show. WAIKATO STOCK MARKETS FALLING CATTLE VALUES Tho spirit of buoyancy that existed in the Waikato store cattle market a week .ago lias vanished, li is How realised that cuttle of all classes had reached a level that the outlook gave no jiistifica-; !tio'n for. The phenomenal rise dial took; place, in heel was most unfortunate. It was short-lived and benefited lew, but in the purchase of stores many will have cause to regret its influence. It may be said, however, that grown bullocks abe the class least affected in the general decline, and competition for gpO(l° lines of these remains strong, lounger cattle have i'plt the effects severely. Jersey yeui’lings also, which are now appearing in huge numbers, hove slipped considerably, but when the value of' springers is considered this is not to be wondered at. Many who farmed these extensively last season are unwilling again to repeat it. Lower values would no doubt draw favorable attention toward" them, for it may at least he said that they are outside the scope of quota restrictions. Current values are Forward bullocks, £5 10s to £6 ss; stores, £4 15s to £5 10s: two-vear, £3 5s to £4 ss; yearlings. £2 ss‘to £2 15s : forward cows, £2 10s to £3- ss ; store- cows, 35s to £2; young Jersey' cows, forward, 22s 6d to 27s 6d ; stores, 15s to 20s ; yearling Jersey heifers, to £3; medium. 32s fid to 37,s 6d: small, from 20s; calves, 8s to 12s. /

Business in store sheep is within narrow limits. Wethers off shears are in good demand, selling from 17s 6d to 20s. Ewes with lambs at foot are not much in evidence, hut private sales have been made at from 29s to 32s for goodmouthed ewes, and from 22s fid to 27s for older sheep. Purchase, for forward delivery still proceeds in a small way with the Gisborne end, values remaining similar to opening rales. Five-year ewes stand at about 18s; with wethers, from 18s to 20s.

HASTINGS STOCK SALE

STRONG SHEER MARKETS

The markets for both fat and store sheep remained strong at the Hastings stock sale on Wednesday, and an. advance in prices was registered in the fats, the stores remaining fully firm. Store cattle, however, showed an easing tendency.

There was only' a moderate entry of fat sheep, and at the advanced prices filing wethers went up to 31s Id. The range of prices wasFAvcs. medium to prime, 22s fid to 24s fid; others, from 16s 2d; wethers, medium to prime, 28s 6U to 31s Id; others from 24s Sd ; hoggets, to 21s 2d ; spring lambs to 275. In the store sheep section, good ewe hoggets wore strongly in demand, mnk;ing to 28s lid, wether hoggets, to 22s Bd. ewes and lambs to 15s fid and ewes tip 14s fid.

Wairoa entries comprised a considerable portion of the store cattle yarding. Which totalled 1585. The- Wairha. drafts included some good bullocks and steers, and those, with good finish sold at values' about- equal to last week, although poorer quality lines were easier. Wo iron prices included 71 P. A.-Hereford crossbred bullocks, on account, of Ituapapa Ration, medium framed, store condition. off high country, £4 10s; So 4yenr i’.A. bullocks, fairly well, grown, store condition. £5 l2s; 31 dehorned Hereford cows and heifers; fairly well framed and hardy, £2: 15s. In the store sheep section, a pen of 48 white-faced owe hoggets from Wairoa made 19s 7d.

THE RUTTER MARKET FURTHER WEAKENING Tho market for New Zealand bull eh in l/ondon has shown a further weakening tendency, in which cheese is not participating at present. Butter values lost 2s per cwt. during the week for finest, while first grade has dccl.ned to ns low as 635, the lowest, vet recorded for Now Zealand bn I tor in London. Messrs. Joseph Nathan and Company rcpoi-t to-day as followsßutter, finest ■/ 665, first grade 655; tho market is weir;.. .Cheese, white 48s to 40s fid, colored £■, fid to 495; the market is quiet.” Estimated arrivals of New Zealand butter and cheese in the United’ ivitu< dom during October, November and .December, compared with actual arrivals in previous seasons, are as follow: BUTTER (in tons)

BRISBANE' WOOL SALES (Received fVi-. 12. nOon) BRISBANE. Oct. 12. The wool sales concluded, with tho market firm at-, recent levels.: Top prices wore greasy, I6J-d ■ scoured. £Sd. VICTORIAN PRODUCE PRICES (Received' Oct. 12, noon) MELBOURNE, Oct, 12. Wheat, 3» Id; flour, £7 17s fid; brnh. £5; pollard, £5 os; oats, 2s 4d. 2s sd; (barley, English, 2s. 16d,,. 3s Id; maize. 3s 6d, 3s 7d; onions, £7, £7 2s 6d; potatoes, red soils, £l4. £l4 18s ; grey soils, £l2 10s, £l3 10s. HOME STOCK MARKET (British Official Wireless.) Roe. 10 a.in. RUGBY, Oct. 11. On the st-oek markets, -foreign exchanges soon recovered from, the unsetDement caused iby the assassinations. French, bonds, 4 per cent and 4| per cent, were each 5s lower. German, bonds were weak. In other .departments, business was restrained. The directors Of the Northern Cooperative Investment Trust,. Limited, Auckland, bae declared, an. interim dividend of 4 per cent, for the half-year ended September 36; The dividend is at the usual rate.

1932 1933 1931 October 3,068 7,59'. 10,30) November 11,290 11.460 10.925 December 13,716 12,472 11.376 Total tons... 28,074 31,524 35.600 • CHEESE (in tons) 1932 1933 1934 October 2,336 3,507 4,932 December 0,239 7,423 9.012 November 5,439 4.985 5.307 Total tons... It,034 15,212 19,251