COMMERCIAL

Southland Times, Issue 18967, 14 June 1923, Page 2

COMMERCIAL

DUNEDIN STOCK MARKET. (Per United Press Association). DUNEDIN, June 13. With one or two exceptions, there was a good demand for stock at the Bumside sales to-day, and prices for most classes were firm. There being no sale last week on account of the Winter Show, butchers were almost out of supplies, and they were consequently operating keenly to-day, especially for prime beef. Fat Cattle.—A large entry numbering 383 head, compared with 341 at the previous sale. The quality was up to the average, and the yarding included a few pens of very prime cattle. At the opening of the sale, prices showed a reduction of 10/- per head, but when the animals of good quality were reached, values firmed to the level of the previous sale. Taken all round, prices for prime cattle were a shade easier than they were a fortnight ago, while medium to inferior realised about the same rates. Extra prime bullocks, heavy-weights, were worth about 32/- per 1001 b; prime handy-weights, 30/-; light, 26/- to 27/6; heifers, 20/-; cows, 17/6 to 18/6. There were very few heifers forward. Best bullocks, £l3 to £l5 5/-; good, £lO to £l2; best heifers to £8; good, £5 10/- to £6 15/-. Fat Sheep.—A large entry numbering about 3700 head, compared with 5000 two weeks ago. The yarding was comprised mostly of ewes, and the quality on the whole was up to the average. The demand at the opening of the sale was about on a par with that of the last sale. Prices for heavyweight sheep were easier to the extent of about 1/6 per head. Medium-weight wethers were firm at late rates, but me-dium-weight ewes were easier. The sale was a dragging one towards the end. Extra prime heavy-weight wethers sold on a basis of 5Ad, prime 6d to 64d, light 6d, heavy ewes 4d, prime handy-weight ewes 4Ad, light and aged 3sd to 3£d per lb. Extra prime heavy-weight wethers realised up to 47/3; prime, 35/- to 37/-; medium, 30/to 32/-; inferior sorts, 26/- to 28/-; extra prime heavy-weight ewes realised up to 31/-; prime, 26/- to 28/-; medium, 21/.- to 22/-; light and aged, 14/- to 16/-. Fat Lambs.—A large yarding, numbering about 1500 head. The quality on the whole was good. Competition was keen and prices showed an advance of id per lb on those realised two weeks ago. Store Cattle. —A heavy yarding, every pen being filled. The entry included several lines of cows in good condition, and well-brfd from stations in the Waitaki and Southland districts. These were sold at cheap rates, ranging from £2 10/- to £3 per head. A number of splendid yearling steers, well bred, sold up to £2 per head. A few lines of good three-year-old bullocks sold up to £5 12/- per head. These came from the Taieri, and were in good condition. The market was practically over-stocked, and there were more sellers than buyers. Dairy Cattle.—Over 50 head were offered, some of the animals being in good condition. It was expected that best cows would realise from £lO to £ll, and heifers up to £B. Fat Pigs—A medium yarding was offered, comprising mostly porkers. The demand was slack and prices showed a reduction to the extent of about 7/- per head for both baconers and porkers. Prime baconers realised about sfd and prime porkers 6Ad per lb.

ADDINGTON MARKET. CHRISTCHURCH, June 13. There was a larger yarding of fat sheep and lambs, and a smaller one of beef. There was a good market throughout, particularly for beef and also for store sheep. Store Sheep.—A big entry for a winter sale, and an all-round improvement in prices. Sound-mouthed halfbrecl ewes, 30/to 34/6; small 2,4, 6 and 8-toothed ewes, 27/6; good crossbred ewes, 32/- to 35/-; failing-mouthed halfbred ewes, 23/- to 27/2; good sound and failing-mouthed halfbred ewes. 27/4; aged ewes, in lamb, 16/to 23/-; forward 4 and 6-tooth three-quar-

ter-bred wethers, 31/3 to 32/-; four, six and 8-tooth halfbred wethers, 27/6 to 29/4; inferior 4 and 6-tooth wethers, 24/11 to 26/-; 2 and 4-toot.h halfbred wethers, 25/- ; 4 and 6-tooth crossbred wethers, 27/7 to 29/-; halfbred ewe lambs, 26/10; good mixed-sex hoggets, 21/3; ordinary m.s. hoggets, 18/6 to 19/-; cull m.s. hoggets, 14/4 to 16/11; wether hoggets, 18/- to 20/-; small and inferior hoggets, 14/6 to 17/-; cull hoggets, 12/- to 14/-. Fat Lambs.—A yarding of 2300, and a keen sale. Extra prime lambs, 33/- to 35/-; few special, 43/6; prime, 30/6 to 32/9; medium, 27/- to 30/-; light and unfinished, 22/- to 26/-. Fat Sheep.—An exceptionally large yarding. Values varied very little from last week, except that, freezing ewes were a shade firmer and better sorts were rather weaker towards the end of the sale. Extra prime wethers, 38/- to 40/-; a few special, 4.7/-; prime, 34/- to 37/6; medium, 30/- to 33/6; light, 25/6 to 29/-; extra prime ewes, 33/4; prime, 27/- to 31/-; mediutu, 22/6 to 26/6; light, 19/- to 22/-; aged and inferior, 15/6 to 18/6. Fat Cattle.—A smaller yarding and improvement in prices by 3/- to 5/- per lOOlbs; best beef to 32/6 per lOOlbs; medium to prime, 24/- to 29/6; extra prime steers, £l4 15/- to £l7; prime, £ll to £l4 10/-; medium, £8 ’5/- to £lO 10/-; light, £5 5/- to £8; extra prime heifers to £lO 5/-; prime, £7 to £9 10/-; ordinary, £4 10/- to £6 15/-; prime cows, £6 5/to £9; medium, £4 10/- to £6. Vealers—Anything good sold well at late rates. Good runners, £4 10/-; ordinary heavy vealers, £3 5/- to £4; medium, £1 10/- to £2 10/-; small calves, 5/- to 15/-. Store Cattle.—A large entry and a very dragging sale. Three-year steers, £3 5/- to £3 15/-; two-year, £2 to £2 10/-; yearling, 15/- to 25/-; two-year heifers, £2 5/- to £2 10/-; yearlings, 25/- to 35/-; medium cows, 25/- to 30/-. Dairy Cattle.—The demand was easier. Extra good cows to £l6 10/-; medium, £6 to £10; springing heifers, £7 10/- to £l4 10/-. .

Fat Pigs.—A keen demand for both porkers and baconers. Prices advanced. Choppers, £4 to £7; light baconers, £3 15/to £4 5/-; heavy, £4 10/- to £5; average price per lb, 6i'd to 7Ad; light porkers, 45/to 50/-; heavy, 55/- to 65/-; average price per lb, 7Ad to 9d. Store Pigs.—A medium entry and fair demand. Weaners, 6/- to 15/-; slips, 16/to 22/-; medium stores, 25/- to 33/-; large, 35/- to 44/-. BUTTER AND CHEESE. Messrs A. S. Paterson and Co., Ltd., Dunedin, report having received the following cable from their principals, Messrs J. & J. Lonsdale and Co., Ltd., London, dated June 11:—Butter: Slow, 154/- to 156/-; tendency lower. Cheese: Quiet, 88/-. LEVIN POULTRY SHOW. LEVIN, June 13. lhe Levin Poultry Show is being held to-day. Nearly 600 entries were staged from all parts of the Dominion. Championships were awarded as follows:—American White Leghorns, cock, A. Julian (Levin); hen, T. W. Wilson (Hawera). Fancy Black Orpingtons, cock, L. Vickers (Rotorua). DAIRY CONTROL SUPPORTED. LEVIN, June 13. A conference of representatives of the eight largest dairy companies on the coast, after an all-day meeting, declared unanimously to affirm the of control as embodied in the Dairy Bill. STOCK EXCHANGES. AUCKLAND, June 13. Sales: Soldiers’ Bonds, £102; City of Auckland, 51 per cent, debentures, £99; Milk Products, 24/6; Takapuna Trams, 20/6; Wilson’s Cement, 28/-; New Waiotahi, lid; Waihi, 27/-; Grand Junction, 7/4.

CHRISTCHURCH, June 13. Sales reported:—Christchurch Gas, £8 10/-; Huddart Parker, 45/6 to 46/-; New Zealand Government 5J (inscribed 1933),

£lO2 5/-; Union Bank, £l4 19/-; Westport Coal, £1- 19/-, £1 19/3; National Bank, £6 17/6; Manning’s Brewery', £6 5/- (seven parcels), £6 7/6. Sales on ’Change:—Ward Brewery, £2 5/6, £2 6/-, £2 6/6; Government 41 Bonds (1938), £97 7/6; Union Bank, £l4 18/6; Crown Brewery, £2 14/-; Manning’s Brewery, £6 5/- (three parcels), £6 7/- (three parcels); Christchurch Gas, £8 10/-; National Bank, £6 16/9; New Zealand Refrigerating (£1 paid), £1 6/-. WHEAT. (By Telegraph—Press Assn.—Copyright). (Australian and N.Z. Cable Association.) LONDON, June 12. Wheat.—Cargoes are firm. Sellers are asking 3d advance, but buyers are not responsive. Parcels are steady. Australian cargoes loading, and parcels afloat are both quoted at 50/-. NEW ZEALAND PRODUCE. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house:— New Zealand Frozen Meat.—Lamb, HJd per lb (average). Mutton: Wether and maiden ewe, light Bfd per lb, heavy 6jd per lb; ewe, light per lb, heavy sjd ’ per lb. Beef: Ox hinds 5d per lb; fores, I 2fd per lb; cow hinds, 4sd per lb, fores 2-}d per lb. Market firm. New Zealand Dairy Produce.—Butter, 156/- to 158/- per cwt; demand quiet. Cheese: 88/- to 92/- per cwt; market weaker. DOMINION PRODUCE. HIGH COMMISSIONER’S REPORT. The Department of Agriculture has received the following cablegram, dated June 9, from the High Commissioner for New Zealand, London: — MEAT.—lmprovement continues. Lamb firm with upward tendency. Mutton market firm.

BUTTER.—Market has advanced further but tendency was a little quieter at the close. Official quotations are:— New Zealand; finest (salted)—June 9: 156/- to 158/- per cwt (1/4J to 1/5 per lb). June 2: 142/- to 150/- per cwt (1/31 to 1/4 per lb). May 29: 140/- to 144/per cwt (1/3 to 1/3A per lb). (Unsalted). —June 9: 156/- to 158/- per cwt (1/42 to 1/5 per lb). June 2: 146/- to 150/- per cwt (1/32 to 1/4 per lb). May 26: 143/to 146/- per cwt (1/31 to 1/32 per lb). Other qualities.—June 9: Salted, 150/- to 152/- per cwt (1/4 to 1/41 per lb). Australian: finest (salted)—June 9: 148/- to 152/- per cwt (l/3£ to 1/41 per lb). June 2: 132/- to 138/- per cwt (1/21 to 1/22 per lb). May 26: 134/- to 136/per cwt (1/21 to 1/2A per lb). (Unsalted). —June 9: 148/- to 152/- per cwt (1/32 to 1/41 per lb). June 2 and May 26: 136/to 138/- per cwt (1/21 to 1/22 per lb). Other qualities.—June 9: Salted, 120/- to 144/- per cwt (1/02 to 1/3J per lb); unsalted, 120/- to 140/- per cwt (l/Of to 1/3 per lb). Argentine.—June 9: 116/- to 140/- per cwt (1/0A to 1/3 per lb) ; exceptional, 142/- per cwt (1/31 per lb). June 2: 112/- to 122/- per cwt (1/- to 1/1 per lb). May 26: 116/- to 124/- per cwt (1/0A to 1/11 per lb).

Irish.—June 9: Salted, 150/- to 152/- per cwt (1/4 to l/4f per lb) ; unsalted, 150/to 164/- per wt (1/4 to 1/4| per lb). Danish.—June 9: 156/- to 158/- per cwt (1/42 to 1/5 per lb). June 2: 148/- to 150/- per cwt (1/32 to 1/4 per lb). May 26: 152/- to 154/- per cwt (1/41 to 1/44 per lb). CHEESE—Market quieter. Official quotations are:— English; finest farmers’. —June 9, June 2, May 26: 108/- to 112/- per cwt (lljd to 1/- per lb). Canadian.—June 9: Coloured and white, 86/- to 88/-, up to 90/- per cwt (9id, 9|d to 9sd per lb). June 2: Coloured, 86/- to I 88/- per cwt (9|d to 9Ad per lb). May 26: Coloured, 84/- to 90/- per cwt (9d to 9fd per lb). New Zealand.—June 9: Coloured and white, 88/- to 92/- per cwt (9Ad to 9fd per lb). June 2: Coloured and white, 88/to 90/- per cwt (9Ad to 9Jd per lb). May 26: Coloured and white, 84/- to 86/- per cwt (9d to 9ld per lb). The Ruahine arrived this week with a shipment of New Zealand produce. Stocks of cheese on hand June 1 at London, Liverpool and Bristol totalled 12,700 boxes Canadian and American, against 23,850 for the same time last year; and 41,600 crates New Zealand and Australian against 4990 last year. HEMP. —Manila again easier, and only moderate business doing. “J” grade JuneAugust shipments were sold for £3O 15/per ton early this week, but sellers’ closing quotations were £3O 5/-. A demand is reported for New Zealand spot and close at hand parcels at low prices. Fair grade spot and afloat was sold for £3l. No demand for forward shipments. FRUIT. —Arrivals of Australian were not as large as anticipated, and fruit was not too good, with the result that prices are somewhat harder. The Port Napier has discharged, the condition of shipment of apples being generally good, although one or two sorts show waste. The bulk of the cargo has been disposed of at the following prices:—Jonathans, 13/- to 15/- r>er case; Delicious, 15/- to 16/- per case; Newtown Pippins, 16/- to 18/- per case; Cleopatras, 15/- to 18/- per case; Stunners, 13/- to 18/- per case; Rome Beauty, 15/to 16/- per case; Statesman, 14/6 to 16/per case; London Pippin (show waste), 8/to 16/- per case; Dunn’s Favourite, 15/to 16/- per case; Premier, 15/- per case;

Wagner, 12/- to 13/- per case; Stark, 11/to 15/- per case. WOOL.—Hull sal* opefled y*terdsy (Friday). Coarse crossbred and slipe ruled a little easier than at last London series, but Merino and tine wool generally are unchanged.

N.Z. Mutton: Under 481bs June 9. 8}d-9d June 2. May 26. 49/561bs 8M-8Jd 7Jd-8d 7Jd-8d 57/641bs 75d-8d 78d-7Jd 7ld-7Jd 65/72Ibs 6*d-6id 6{d-64d 6d-6|d Ewes— Lightweight 5d-5jd 5 id 54d Heavyweight 4Jd-5d 41d 4Jd N.Z. Lamb: Canterbury— 29/361bs Hid lid 37/421bs 10M-lUd lid lid 43/5Olbs lOld lOid l(Hd Second-class lOJd 10id 10fd N. Island best l(»d — Second-cla& i 9Jd lOd 9}d N.Z. Beef: Fores 2jd 2jd 2}d Hinds 5d 5d 4Jd Chilled Beef: Fores 3}d-3M 34d-4d 31d Hinds 6}d-7id 7d-7Jd 7id