COMMERCIAL.

Southland Times, Issue 17876, 4 September 1918, Page 4

COMMERCIAL.

WALLACETOWN STOCK SALE. FAIRLY LARGE YARDING, , PRICES FOR FAT CATTLE LOWER. A fairly large number of farmers and batchers attended the \\ allaeetown stock sale yesterday and some good business was done. The weather was all that could be desired, and this no doubt accounted for the fairly large yarding of all edasses which came forward. The fat cattle were for the most part of very poor quality, the bulk of the yarding being passed in. In the store cattle section the quality was much better, and the prices obtained were quite on a par with those of last week. A number of dairy cattle also came forward, but these were of very poor quality, and consequently there was little demand for them. Fat sheep are still iu big demand, butchers buying freely. The quality is quite as good as any that have yet come forward, and the prices obtained were equally as good as at previous sales. A fairly large number of good quality store sheep came forward, and these were disposed of at satisfactory prices. The following table shows the entries for the last three weeks:— Sept. 3. Aug. 27. Aug 20. Fat cattle 103 26 70 Store cattle .. 161 277 374 Dairy cattle .. 60 —• Fat sheep .. 400 457 218 Store sheep .. 155 234 102 The following are the approximate quotations; — FAT CATTLE. —Extra prime steers from 416 to £2O 10/-: prime from £l4 to £l6; fat heifers from £7 5/- to £0 7/6; fat-cows from £ll 10/- to £l4 2/6. STORE CATTLE- —Dairy cows from £S to £l-4 5/-; heifers. £7 6/- to £9 5/-; empty tows from £lO to £ll 2/6; calves from £3 IS/- to £4 19/-. FAT SHEEP.— Extra prime wethers from 41/- to 44/9; prime from 37/6 to 40/6; bght and unfinished down to 35/-. STORE SlLEEPj—Hoggets made from 19/6 to 24/1; two-tooth and six-tooth (Border Leicester! ewes at about 36/8. National Mortgage & Agency Co., Ltd. The National Mortgage & Agency Co. report;— FAT CATTLE,—A fair entry and very medium quality, consisting mainly of fat cows: —Our sales were; One fat heifer at. £ls 5/-, 1 fat cow at £l4, 2 speyed heifers at. £9 12/6, 2 fat cows £l3, 2 do. at £ll 10/-, 3 fat heifers at £lO !■'>/-, 2 fat steers art £l7 10/, 1 do. at £l7, 1 do. at £l4 15'/-. STORE CATTLE.—A large entry of medium quality consisting mainly of dairy cows. Our sales were: 5 empty heifers at £S 11/-. 11 steers at £9 8/-. 11 do. at £ll, 1 hull at £2 12/6, 2 dairy heifers at £9 17/6, 2 steers at £6 17/-.1 dairy cow at £lO 17/6, 1 dairy cow at £7 15/-, 1 do. at .£9 7/6. 1 empty heifer at. £5 17/6, 2 calves at £3 IS/-. 1 doin' heifer at £7 7/6, 1 dairy tow at £l2, 2 do, at £6, 1 do. at £7, 1 horse at £3. FAT SHEEP.—A fair entry' of fair quality. Our sales were; 23 fat wethers 36/1, 16 do. at 37/-. 10 do. at 43/1, 26 do. at 35/-, 17 do. at 41/-, 17 do. at 40/4, 64 do. at 36/-. Wright, Stephenson & Co., Ltd. Wright, Stephenson and Co., Ltd., report: — FAT CATTLE.—A large entry of ox beef came forward, some of which was of very prime quality. Some of the butchers had bought outride during the week, hut nevertheless fat cattle sold fairly well. We yarded 40 head and sold as follows:—Account C. Warden, 2 fat steers at £l6 to Mrs Humphries, 3 do. at £ls 2/6 to Win. Baird, 2 fat heifers at £9 5/- to C. J. Donne; account*W. Baird, 2 fa; steers at £l6 2/6 to T. C. Maltby'; account J. White, 3 do. at £l4 15/- to City Cash Meat Co., 2 do. at 5115 to City Cash Meat Co.; account Barker Barnett, 3 fat steers at £ls 7/6 to F. Moore, 2 do. at £l6 7/6 to W. J. McMahon, 2 do. at £l6 5/- to D. R. Jones, 2 do. at £ls .5/- to D. R. Jones; account Jno. Casey, 2 fat steers at £2O 17/6 to Wm. Turpin, 2 at £l7 10/- to P. Winders, J.’ at £2O 2/6 to D. R. Jones, 2 at £l7 7/6 *o D. R. Jones, 2 at £2l to R. Russell, 2 at £l9 to J. Holland, 2 at £lB 7/6 to D. R. Jones, 2 at £l7 5/- to F. C. Maltby. STORE CATTLE.—A medium entry con/ forward, the bulk of which was made up "of dairy cows. The market showed a slight improvement on last week’s, especially in calves and two-year-old steers and heifers. Good dairy cows are still in keen demand, but poor sorts are practically' unsaleable. We sold as follows: —Account "W. G. Gunniaon, 1 heifer at £9 2/6 to A. Myron, 1 do. at £9 5/- to J. Graham; account J. Dyct, 1 dairy cow at £l4 7/6 to F. Clark, 1 at £ls to F. J. O’Connell, 1 at £lO to D. McNaughton; account M. Mcßandie, 1 steer at £6 to S. G. Lobb, 1 dairy cow at £8 5/- to A. Botting, 1 at ■jll to A. P. Eggleton, 7 heifers at £7 6/to A. Botting; account F. A. Price, 13 steers and heifers at £8 7/- to S. G. Lobb; account M. Crow, 2 empty gov's at £lO to J. Gedney; account E. Lyons, 20 calves at £4 19/- -tp CL A. BloomGdxL

FAT SHEEP. —There was a fair yarding of fat sheep, some of which was of very fair quality. There was no outside competition, local butchers securing the whole yarding. Prices throughout were slightly better than the previous week. The following are. our sales; — Account R. Begg, 20 fat wethers at 44/9 to W. Turpin, 24 at 44/9 to T. C, Malt by, 15 at 44/9 to R. Russell, 15 at 44/6 to W. Turpin; account client, 32 fat wethers at 42/6 to D. R; Jones; account J. Bateman, 6 fat wethers at 35/G to W. Baird. MONEY MARKET. (Now Zealand Trade Review.) There is little alteration to record in the monetary position since our last issue. The past month has been somewhat quiet generally; there has been comparatively little exporting going on owing to lack of shipping, and trade has been somewhat quiet, partly the usual seasonal reduction and partly caused by lack of supplies. Imports for the month of July totalled £1,896,214, which is about a fair average month. The shipping outlook, both for imports and exports, is far from satisfactory, but there is always a considerable element of uncertainty about this, and we were recently informed that the outlook was better, and a fair number of vessels might be expected for removing our produce during the next few months. As, however, there is equal to nearly a normal year’s export of meat in store a large number of vessels is needed to reduce these stocks and the large stocks of other produce, and incidentally the meat stores are beginning to get filled uncomfortably near to their full capacity. The three millions advanced by the Imperial Government against meat in store has now been distributed, and has consequently helped to improve the supply of funds in the hands of the banks, but the producing season is just starting, and this will bring the usual withdrawal of funds for the expenses incidental to gathering and marketing produce. It appears from a general survey of the position that, although the hanks will not be overburdened with funds they will have sufficient to meet all ordinary legitimate requirements. Since writing the above it has been announced that the Imperial Government has agreed to pay out 75 per cent, on all meat in store after three months, which should materially augment the supply of funds available.