COMMERCIAL

Southland Times, Issue 19512, 11 May 1922, Page 2

COMMERCIAL

BURNSIDE MARKET. (Per United Preee AajociatkmJ DUNEDIN, May 10. There were large yardings of aheep, cattle, and pigs at the Burnside sales to-day. Lambs were in only moderate supply. There was nothing of outstanding character in connection with the sale, prices being much the same as late ruling rates. There was a buyer in the market for animals suitable for boning-out purposes, and this caused an improvement in values for that particular class. The yarding of pigs was one of the largest seen at Burnside for some considerable time past. Fat Cattle.—A large yarding numbering 250 head of fair quality. The demand was not brisk, and prices showed a decline of 20/- a head. Prime ox beef was up 25/per 1001 b, medium 24/- to 25/-, heifer beef 20/-, and cow 18/- on late rates. Prime bullocks realised from £lO to £l2, medium £7 10/- to £9, light and unfinished sorts from £6 upwards. Prime heifers realised from £6 10/- to £7 10/-, medium £5 to £6, light and aged from £4 upwards. Sheep—A large yarding, numbering 3580 head. For all prime heavyweight ewes and | wethers prices were back to the extent of 1/- to 2/- per head, but lightweight ewes and wethens suitable for freezing purposes were sold at prices about on a par with late rates. Prime heavy wether mutton was worth 4d to 4Jd, light 4|d, heavy ewes 3d, light 3sd. Extra prime heavyweight wethers realised from 30/- to 32/6, prime 24/to 28/-, medium 21/- to 23/-, lighter kinds from 17/6 upwards. Extra prime heavyweight ewes realised up to 24/9, prime 19/to 22/-, medium 16/- to 18/-, light, and aged from 10/ upwards. Lambs—A moderate yarding of medium quality, numbering 795 head. Freezing buyers were not operating so keenly, and the market showed a weakening tendency and values were back to the extent of 1/0 per head. This works out at a basis of from 8d to B|d per lb. For first quality lambs prices ranged from 18/- to 30/- per head. Store Cattle—An overflowing yarding was offered, which included three pens of fat and well-bred cows. There was good competition amongst butchers for this class, and satisfactory prices were realised, ranging from £4 to £5 10/- per head. The bulk of the yarding comprised young steers in backward condition, and these sold at very low prices. Other classes suitable for boning-out purposes sold at improved rates. Pigs.—An exceptionally large yarding was offered, all classes being well represented Competition was good considering the large supply, which was due in a large measure , to the fact that bacon-curers were anxious to stock up. Prices for baconers were practically on a par with late rates, but porkers were a shade easier. Prime baconers realised from 6d to 6|d per lb, and prime porkers from 6 id to 7id per lb. ADDINGTON MARKET. CHRISTCHURCH, May 10. At the Addington market there were big yardings of stock in all sections to-day, and a slight easing in values except for breeding ewes Store sheep: There was a big yarding for this time of the year'. Wethers and lambs were not in such keen demand. Forward lambs 14/6 to 16/5, good 13/- to 14/-, medium 10/6 to 12/6, small 8/9 to 10/-, cull 6/6 to 8/6, good halfbred ewe lambs 20/6 to 24/-, others 10/- to 17/-, good 4 and 6 tooth ewes 21/- to 26/-, good 20/- to 23/6, ordinary 16/- to 19/6, fair 2 4 and 8 tooth ewes 12/6 to 15/-, failing mouthed ewes 10/- to 13/-, aged 3/6 to 9/-, forward 4 and 6 tooth wethers 19/- to 20/-, fairly good 17/6 to 18/9. two tooth 13/to 15/-. Fat lambs: There was a yarding of 5450 compared with 6430 last week. Prices all round were a shade weaker, averaging about 7Jd per lb. Extra prime lambs 25/to 38/-, prime 21/9 to 24/6, medium 19/3 to 21/6, light and unfinished 16/6 to 19/9. Fat sheep: A very heavy yarding and an easier sale for big sheep, particularly ewfes, which comprised the greater part of the entry. Extra prime wethers 27/- to 33/6, prime 22/9 to 26/9, medium 19/9 to 22/6, lighter 17/- to 19/6, extra prime ewes 23/to 24/9, prime 19/- to 20/9, medium 14/9 to 18/9, lighter 11/6 to 14/6, old 8/9 to 12/3. Fat cattle: There was a yarding of 508, practically a record. Prices showed an all round easing, though there was a good clearance. Extra prime steers £l4 to £l5, prime £lO 5s to £l3 10s, medium £7 12s 6d to £lO, inferior £6 5s to £7 10s, extra prime heifers £8 10s to £lO 10s, prime £5 12s 6d to £8 ss. ordinary £4 to £5 10s, prime crows £5 to £7 15s, ordinary £3 10s to £4 15s, old £2 5s to £2 7s 6d. Vealers: Prices were lower than last week. Runners £5, good vealers £3 5/to £4, medium £1 5/- to £2, small calves £3 upwards. Store cattle: Heifers suitable for dairying were in demand, 3 and 4 year steers £5 12/6 to £6, two-year £2 15/- to £3 15/-, yearlings £1 6/- to £1 11/-, three-year heifers (milking sorts) £5 10/- to £6, three-year empty heifers £2 15/- to £3 16/-, two-year £2 10/- to £3 5/-, yearlings £2 5/- to £2 7/6, medium cows 20/- to 26/-. Dairy cattle: Extra good 2nd and 3rd calvers £l5 to £25, good £8 to £l4 10/-, good springing heifers £8 10/- to £l2, cows in milk for some time £5, aged and inferior cows 10/- to £4 10/-. Fat pigs: Porkers and baconers were in oversupply. Choppers £2 10/- to £4 10/-, light baconers £3 5/- to £4, heavy £4 5/to £5 5/-, average price per lb. *6d, light porkers £1 18/- to £2 5/-, heavy £2 7/6 to £3, average price per lb. 6d to Bd. Store pigs: There was a somewhat substantial decline in prices. Medium stores £1 7/6 to £1 15/-, small 15/- to £1 5/-, weaners 5/- to 10/-. AUCKLAND STOCK EXCHANGE. AUCKLAND, May 10. Sales: New Zealand Farmers’ Co-op of Canterbury, £9B, Bank of Australasia £l2 19/-, Bank of New South Wales 37/9, South British 35/9, Taupiri Coal 17/4, Auckland Gas 21/9, Huddart Parker 48/-, Kauri Timber 26/6, W&ihi 23/-. DUNEDIN STOCK EXCHANGE. DUNEDIN, May 10. Sales on ’Change: Bank of New Zealand 51/9, two sales, South British Insurance 36/9 (2), Huddart Parker 47/9, Westport Coal 29/6, Loan and Mercantile £74, Milburn Lime and Cement 30/-, Soldier’s Settlement 5| per cent, inscribed stock £9B. AUCKLAND MARKETS. AUCKLAND, May 9. The market at present is in a quiet state, but there is a certain demand for houses at reasonable prices and small unencumbered farms. There is always a fair number of inquiries for house properties within easy access of the tramcars. Buyers are willing to pay £lOO to £2OO deposit on a house offered for £lOOO or £l2OO, but there are few such properties for sale. The recent drop in the price of building materials has stimulated building activities, and many people who felt previoujdy that they were not justified in building owing to the high price of materials and the uncertainty of the final cost are now relinquishing their flats, or trying to sell houses bought at peak prices, in order to build. This means that they are trying to market property at a price which will recompense them, but which is not acceptable to those whose wages have a downward tendency, and who are not prepared to pay fictitious values. Many of those who left the land for the city a few years ago are now trying to effect an exchange between their city property and small farms. There is also better inquiry for small farms, and if the price is reasonable and there are nr heavy mortgages buyers are fartboevning. There

is also an improved demand for sheep farms at the right price, but buyers both for dairy and sheep farms are wary of the prices usually being asked among farmers. There prevails a certain lack of confidence induced by the uncertainty of the butter market In many cases where sales of small holdings have been made by order of the Supreme Court there has been good demand, and substantial deposits have been offered.— Press Correspondent. DOMINION’S STABILITY. The prospects for the future prosperity of the Dominion are touched upon in a report on world-wide trading conditions received by an Auckland firm from an authority in London. After dealing with the depression as it affected New Zealand, the writer said he could perceive no ground for undue pessimism, the need of the moment being rather for a robust confidence in the general well-being of the Dominion tempered by caution and economy. After all, the Dominion had enjoyed some 20 years of steady and prosperous trading, and it was absurd to suppose that the fruits of this had entirely melted away. There remained as an even more secure asset a virile population, placed in a splendid climate and on a fertile soil, and living in conditions of material comfort superior to any other under the British flag“To none of us,” added the writer, “is it pleasant to have to render up past earnings to meet present necessities, but it is a common lot of all war nations and of most others, and in my estimation New Zealand will be one of the first, if not the first, to emerge once again into the calm waters of successful progress.” LONDON SHARE MARKET. (By Telegraph—Press Assn.—Copyright.) (Australian and N.Z. Cable Association.) LONDON, May 9. (Received May 10, 5.5 p.m.) P. & O. shares, £320 and £340; Dalgety & Co., 904 and 754. LONDON WOOL SALES. LONDON, May 9. (Received May 10, 5.5 p.m.) At the wool sales Merinos, mostly topmakere’ sorts, sold well at full late rates. A large offering of crossbreds met with a good Continental and Home demand. Prices showed a hardening tendency. WAIHI GOLD MINING COMPANY. LONDON, May 9. A meeing of the Waihi Gold Mining Co. decided to modify the articles of association to enable the company to mine for any substance in any part of the world.