COMMERCIAL

Southland Times, Issue 18937, 10 May 1923, Page 2

COMMERCIAL

DISPERSAL SALE OF FRIESIANS A sale of considerable interest to Friesian breeders, was held by Messrs Wright, Stephenson and Co., Ltd., on behalf of Mrs T. E. Hardwick, at Kennington, on Tuesday. May 8. Mrs Hardwick’s herd contained very well bred animals with splendid backing and should be acquisitions to the herds for which they were purchased. Bidding w’as keen throughout, but particularly for a fine cow: “Fairview Burkeyje Sylvia Posch” by “Rosevale Inka Sylvia Posch,” out of “Fairview Netherland Queen,” and a grand-daughter of the famous “Burkeyje Sylvia Posch,” which after spirited bidding was knocked down to Mr G. A. Burnett, of Otautau, for 91 guineas. A 15-month-old heifer by “Rosevale Inka Sylvia Posch,” out of “Segis Posch,” and also a grand-daughter of “Burkeyje Sylvia Posch”, realised 45 guineas, being purchased by Mr Hugh Fraser, of Seaward Downs, while a young bull by “Prince. Pietertje of Bainfield” (a son of “Westmere Princess Pietertje), out of “Fairview Burkeyje Sylvia Posch” was sold for 40 guineas. The other lots were sold as follows: Bull—“ Fairview Netherland King Sylvia”—Mrs E. Kelly, Rimu, 20 guineas; bull calf “Waituna Inka Keys”—H. E. I Neale, Ringway, 17gns; heifer “Fairview Queen of the South”—.James Robbie, Mokotua, 25 gns; heifer calf “Fairview Lady Kathleen”—H. Steers, Toa, 16 gns; heifer “Fairview Nellie Segis Posch”—Thomas Evans, Longbush, 35 gns; heifer “Fairview Wild Rose Champion”—Thomas Evans, 20 gns; cow “Fairview Black Spot,” 35 gns; heifer “Fairview Diana Sylvia”—H. Fraser, 22 gns; cow “Springfield Daffodil”—G. A. .Burnett, 35 gns; cow “Fairview Nillis Segis” ■ —Robert Piri, Isla Bank, 28 gns; cow, Fairview Netherland Queen,” — W. Y. Dickie, Mautaura, 40 gns; cow “Fairview Butter Girl”—J. Simms, Invercargill, 20 gns; cow “Springfield Lady Kathleen”—Mrs E. Kelly, 20 gns; bull to James Morton, 7 gns. BUTTER AND CHEESE. Messrs Dalgety & Co., Ltd., report having received the following advice from their head office, London, under date of the 6th inst.: —Butter: Market dull, but prices arc unchanged. Cheese: Market sligtitly better. Since our last wire prices are 2/- higher. DAIRY PRODUCE. The New Zealand Loan & Mercantile Agency Co., Ltd., have received the follow, ing cablegram from their London house:— New Zealand Dairy Produce:—Butter, 2/- to 47- per cwt higher than last quotations, which were 142/- to 144/- per cwt; market quiet. Cheese: 94/- to 96/- per cwt; tone of market firmer. New Zealand Frozen Meat.—Lambs, ICHd per lb (average); fair demand. Mutton: Wether and maiden ewe, light 7jd per lb, heavy 54d per lb; ewe, light s<|d per lb, heavy 5d per lb; market quiet. Beef: Nominal quotation; ox hinds 4Jd per lb, ox fores 2&d per lb; cow hinds 4|d per lb, cow fores 2fd per lb. BURNSIDE STOCK SALE. (Per United Press Association). DUNEDIN, May 9. There was an over-supply of stock in almost every department of Burnside today, and as the demand was slack, prices for most classes showed a reduction. There was not a buoyant sale in any department. Fat Cattle. —The entry of fat cattle was an exceptionally large one, numbering 337 head. Several of the store cattle pens had to be utilised to accommodate the overflow. The entry included several pens of excellent quality bullocks, but the bulk of the yarding comprised animals of more or less unfinished description. The extra supply was no doubt due to farmers being anxious to clear areas which had been recehtl£ flooded. Owing to the large entry the demand w r as slack and prices were easier by 30/-. ' This applied more particularly to unfinished sorts. Extra prime bullocks were worth 25/- per 1001 b-, but the bulk of the yarding of bullocks sold at 21/- to 22/6; extra prime heifers to 17/6; cow beef, 15/- to 16/-; best bullocks, £lO to £11; extra, £ll 15/-; medium, £7 to £8; light, £5 to £6; best cows and heifers to £7; medium, £4 to £5; aged and light, £2 10/- to £3 10/-.

Fat Sheep.—The fat sheep entry was an exceptionally large one, comprising 3454 head. The yarding included a large number of well-finished wethers and ewes, and a good sprinkling of medium halfbred and crossbred ewes and half bred wethers. As the entry was in excess of requirements, prices t-ealised were lower to the extent of from 2/- to 3/- per head, and had it not been for the presence of graziers who competed for medium and unfinished wethers, prices would probably have been even lower. Prime handy-weight wethers were worth 6d to 64d per lb; medium quantity, sid to 6d; heavy-weights, ssd; extra prime ewes, 4Ad; aged and light ewes, 4d; prime heavy-weight wethers sold from 45/- to 47/6; medium, 18/- to 30/-; light and inferior sorts, 10/- to 23/-; extra prime ewes realised up to 29/9; prime, 25/- to 27/-; medium, 15/- to 19/-; light and aged sorts, 8/- to 12/-.

Fat Lambs.—About 1026 lambs were offered. The bulk of the yarding was of medium quality. Buyers operated at last week’s reduced limits, and in some cases a shade less. Prime lamb was worth 84d to 9d; light and second quality, 8d to Bid. Store Cattle.—Full yarding of store cattle was offered. The entry included several pens of good cows, which were sold at cheap rates. Three-year-old Hereford heifers sold up to £3 per head, fat and extra fat cows from £2 to £3 10/-; two-year-old bullocks from £2 to £2 10/-; and cows suitable for canning purposes up to £4 5/-.

Dairy Cattle.—About forty head of dairy cattle were offered. These claimed the usual attention, and the prices realised were equal to late rates. Best cows sold from £lO to £11; heifers from £7 to £B, and aged cows from £4 to £5 per head. Pigs.—All classes were well represented. The demand was slack, and prices showed a reduction of fully 6/- per head both for baconers and perkers. Prime baconers realised up to £4 4/- per head. To-day’s prices for best baconers are on a basis of 6d per lb, and for best porkers 63d per lb. ADDINGTON MARKETS. ' CHRISTCHURCIf, May 9. Contrary to expectations, on account of floods dislocating railway services, there were large yardings of fat stock to-day, from districts not affected by the dislocation of trains, sending forward all stock available in anticipation cf a scarcity. The result was a lowering in prices. . Store Sheep.—Very . few were forward, and previous values* were maintained. Fat Lambs.—Small yarding of 1000 head. There was no change in values. Prime lambs made to 9d to 9Jd per lb, extra prime lambs, 33/11; prime, 27/9 to 30/6; medium, 24/6 to 27/6; light and unfinished, 20/- to 24/-.

i Fat Sheep.—The largest yarding for some I months, comprising about 11 races. Values I were easier by .2/- per head. Freezers I brought very little. Extra prime wethers, 134/- to 37/-; few special, 40/3; prime, 30/to 33/-; medium, 27/6 to 29/6; light, 24/ito 27/-; extra prime ewes, 32/- to 36/3; prime, 25/6 to 29/-; medium, 22/6 to 25/-; light, 19/- to 22/-; old, 14/6 to 18/-. Fat Cattle.—A big yarding of 470 head, comprising some excellent beef. Values were down on account of the excess entry, by 2/6 per lOOlbs. Primest beef to 29/6 per 1001 b; good, 25/- to 26/6; medium, 21/- to 24/-; cow beef down to 12/6; extra prime steers, £l4 to £l6 12/6; prime, £9 10/- to £l2 15/-; medium, £7 to £9 5/-; light, £4 to £6 10/-; prime heifers, £5 15/- to £8 10/-; ordinary, £3 5/- to £5 5/-; extra prime cows, £8 12/6; prime, £5 to £7 5/-.

Vealers.—Anything good we sold at a slight advance on late rates. Good run-

ners, £5 2/6; ordinary heavy vealers, £3 5/- to £4; medium, £1 2/6 to £2 10/-; small calves, 3/- to 18/-. Store Cattle—A small entry. Competition was dull, the only quotable line sold being 13 three and four-year steers, which made £5 10/-.

Dairy Cattle.—Competition was dull, and sales difficult to make. Good second, third and fourth calvers, £6 to £ll 10/-; extra good, £l4; good springing heifers, £5 to £lO 10/-.

Fat Pigs.—Keen demand at outset, but values eased towards the close. Choppers, £2 10/- to £4 10/-; light porkers, 40/- to 47/6; heavy, 50/- to 60/-; average price per lb, 6jd to 7|d; light baconers, £3 to £3 5/-; heavy, £3 10/- to £3 15/-; extra heavy, £4 6/-; average price per lb, 54d to 6jd. Store Pigs.—Medium and large stores hard to sell. Prices of weaners and small stores were net high. Weaners, 6/- to 11/-; small stores, 13/- to 17/-; medium, 28/- to 32/-; large, 39/-. STOCK EXCHANGES. (Per United Press Association). CHRISTCHURCH, May 9. Sales reported:—Bank of New South Wales (cum. div.), £39 10/-; Christchurch Gas, £8 7/6; 8.A.W.R.A., 16/3; Bank of New Zealand, £3, £3 0/3; Crown Brewery. £2 4/6 (two parcels), £2 4/9; National Bank, £8 18/-; Manning’s Brewery, £4 16/-, £4 18/-; New Zealand Insurance, £1 9/9; Ward’s Brewery, £1 18/3, £2 (four parcels) ; New Zealand Loan «fc Mercantile (ord.), 83/-; Colonial Sugar (sum. div.), £47. Sale on 'Change: Manning’s Brewery, £4 17/6. AUCKLAND, May 9. Sales: City of Auckland 5} per cent., £9B 10/-; Banks—New Zealand, 60/-; Union, £l4 11/-; New Zealand Insurance, 29/9; Westport-Stockton, 5/-; Auckland Gas, 25/6; Dental & Medical Supply, 22/6; Takapuna Ferry, 21/-; Wilson’s Cement, 26/-; Moanataiari, 3/-; Waihi, 26/9, 26/6.

DOMINION PRODUCE. HIGH COMMISSIONER’S REPORT The Department of Agriculture has re’eived the following cablegram dated May 5, from the High Commissioner for New Zealand, London : MEAT: Prices for all descriptions cf mutton and lamb are Id per lb lower. The demand for mutton particularly is very slow. The market is affected by Argentine meat being pressed for sale at very low prices. Heavy supplies of chilled beef and prices lower. Frozen beef not selling. N.Z. Mutton: May 5. April 28. April 21. 49/56 8d B|d Bsd 57/64 lbs 7}d 74d-7Jd 7|d-8d 65/72 lbs 6d s}d 6d-6id 73/80 lbs 4}d 5d sd-s£d Ewes—under 64 lbs 5d 51d 5Ad N.'Z. Lamb: Canterbury 29/36 and 37/42 lbs 10$d lljd lljd 42/50 lbs 10|d lid lljd Second class 9?d lOd North Island best lOd 101 d Second class 9d 9ld 9|d N.Z. Beef: Chilled Beef:

Fores 2d-2sd 3d-34d Hinds 4id-s§dsAd-6d 44d-sid English retail prices are as follows: Legs. Loins. Shroulders. Mutton—English l/8d 2/- l/6d Imported lid lid lOd Lamb—English 2/3d 2/3d 2/2d Imported l/4d l/4d l/3d Ribs. Sirloin. Steak. Beef—English 1/lld 1/lld 2/6d Imported Chilled lid lid l/8d Imported Frozen lOd lOd l/6d

Butter: Market continues dull. New Zealand (salted), finest. May 5: 144/-, 146/up to 148/- per cwt (l/3ld-l/3| per lb). April 28: 138/-144/- per cwt (l/2id-l/34d per lb). (Unsalted) May 5: 150/-154/- per cwt (l/4d-14Ad per lb). April 28: 154/160/- per cwt per lb). April 21: 158/—164/- per cwt (l/sdrl/ssd per lb). Other qualities, May 5: salted—l3B/142/- per cwt (l/2i-l/3f per lb). Australian (salted), finest.—May 5: 136/140/- up to 142/- per cwt l/3{d per lb). April 28: 134/-138/- per cwt (l/21d-l/2|d per lb). April 21: 142/146/- per cwt (l/31d-l/3}d per lb). (Unsalted) May 5: 138/-142/- per cwt (l/2sdl/3|d per lb). April 28: 138/-142/- per cwt (l/2sd-l/34d per lb). x4pril 21: 144/150/- per cwt (l/34d-l/4 per lb). Other qualities, May s:salted—l2o/--134/- per cwt (l/o|d-l/2{d per lb). Unsalted—l22/ 134/- per cwt (l/ld-l/2}d per lb). Argentine.—May 5:120/-136/- per cwt (l/O3d-l/2Ad per lb). April 28: 126/136/- per cwt (l/lAd-l/2|d per lb). April 21: 136/--146/- per cwt (l/2id-l/3jd per lb) . Danish.—May 5: 154/-156/- per cwt (l/44d-l/4|d per lb). April 28: 152/160/- per cwt (1/4J-1/5I per lb). April 21: 182/- per cwt (l/7£ per lb). CHEESE: Market firmer with improved demand.

New Zealand.—May 5: coloured —94/-96/-98/- per cwt (10d-10id-10id per lb) ; white—94/-96/-98Z- per cwt (10d-10id-per lb. April 28: coloured—9o/98/- per cwt (9fd-10.fd per lb); white—--90/-96- per cwt (9fd-10id per lb). April 21: coloured—lo2/-108/- per cwt (lldIHd per lb); white—loo/- 106/- per cwt (lO^d'llld per lb). Australian.—May 5: coloured—B4/-86/-per cwt (9d-9|d per lb). April 28: colour-ed—B6/--90/- per cwt (9}d-9|d per lb). April 21: coloured, 90/-100/- per cwt (9sdlOijd per lb; white—92/-96A per cwt IOJd per lb). Shipments of New Zealand produce 'arrived this week per s.s. “Piako,” “Kiaora,” “Armagh,” “Mahana.” HEMP: Manila market quiet but firmer early this week. “J” grade May-July shipments sold up to £34, easing later to £33 5/-. “G” grade May-July shipments quoted at £35 10/-. New Zealand hemp without interest and quotations nominal. Highpoints, spot, £32 10/-, March-May shipments, £32 5/-. Fair grade, spot, £3O 15/-, March-May shipments £3O 10/-.

WOOL: Sales continue with brisk demand and good clearance. Prices for all descriptions maintained. Lower classes of crossbred showing hardening tendency. FRUIT: Still large supplies of American on hand, and with continued arrivals of Australian, the market is depressed and values are low with no prospect at present of rising. New Zealand fruit is selling slowly. Cok’s Orange is the only variety to maintain a price. Other varieties can only be sold at a loss.—Prices 8/6-11/- per case. A large part of the “Wangaratta” shipment is still unsold. The “Armagh” is expected to discharge her fruit on Monday (to-day). PEAS: Market firmer. Parcels of New Zealand “Maple” afloat have been resold for 85/-90/- per quarter, c.i.f. 110/- exstore has been asked for shipments which ha\"e arrived but no business reported.. Tasmanian resales offered at 120/- ex-store. “Blue” peas in slow demand and no business passing. Japanese green peas MayJune shipments sold at 23/6d per cwt. September-October shipments 23/-. BEANS: Market quiet for imported. Chinese Horse, spot, sold at 12/- per cwt., July-September shipments 10/6. English market quiet but steady—9/6d-11/-. New Zealand spot quoted at 49/- to 50/- per quarter.

EGGS: Market steady. Home supplies smaller. Irish, English, French, Dutch, Danish 11/-13/4d per long 100. Egyptian, Hungarian, Lithuanian, Brittany, Styrian 7/3d-10/6d per long 100. LONDON WOOL SALE. (By Telegraph—Press Assn.—Copyright.) (Australian and N.Z. Cable Association.) LONDON, May 8. At the wool sales there was a good offer ing of Merinos, but a poor selection cf crossbreds. Prices show no quotable change.,

VICTORIAN APPLES. LONDON, May 8. The Nestor’s Victorian apples at Liverpool sold as follows: —Jonathans, 9/9 to 12/9; Munro’s, 11/- to 12/6; others, 7/9 to 11/9. WHEAT. LONDON, May 8. Wheat cargoes opened quiet and easier, and on American«advices closed steadier. There was some inquiry from Germany. Parcels were steadier, but declined 3d. THOMAS BROWN & SONS. LONDON, May 8. Thomas Brown <fc Sons’ profit -was £64,975. The year’s dividend was 10 per cent., and £44,050 was placed in the reserve.