COMMERCIAL'

Southland Times, Issue 19097, 15 November 1923, Page 2

COMMERCIAL'

BURNSIDE STOCK MARKET. (Per United Press Association.) DUNEDIN, November 14. There was a short market in for sections at the Burnside yards to-day, except in pigs, which were in full supply. Fat Cattle.—223 head were yarded, compared with 275 last week. Prime stuff sold at enhanced prices, while inferior beef was disposed of at prices equal to those ruling last week. Extra prime handyweight bullocks sold at up to 41/6 per 1001 b; prime heavy-weight and medium quality bullocks, 36/6 to 39/-; prime heifer beef, 31/6 to 34/-; cow beef, 29/- to 31/6; extra prime heavy-weight bullocks, £lB to £2O; prime, £l5 to £l7; medium, £lO 10/- to £l4; lighter sorts up to £8 10/-. Prime heifers and cows realised from £9 to £10; medium, £6 10/- to £7. Fat Sheep.—l9B2 were penned, compared with 2183 last week, all being shorn with the exception of 200. The sale was irregular, prices fluctuating to a more or less marked degree. The opening demand was fairly brisk at prices about on a par yith late rates. Values then eased slightly and the closing sales showed a slight drop on last week’s rates. Prime handy-weight wethers in the wool brought from 7d to 7Jd per lb; prime shorn wethers, 53d to 64d; prime shorn ewes, s|d to 6d; medium quality shorn ewes, 4|d to sd; extra prime woolly wethers, 51/- to 55/-; prime, 45/to 48/-; medium, 40/- to 42/-; light and inferior sorts, 37/- to 39/-. Prime woolly ewes realised up to 49/-; medium, 36/- to 38/-; light and aged, 30/- to 32/-; extra prime heavyweight shorn wethers sold up to 48/6; prime, 36/- to 38/-; medium, 32/to 34/-; shorn ewes sold from 30/- to 36/Spring Lambs.—B3 were penned, compared with 72 last week. There was an excellent demand and prices were firm. Prime lamb was worth up to 114 d per lb; second quality, 9d to lOd. Extra prime heavy lambs sold at up to 40/-; prime, 36/- to 38/-; medium, 30/- to 32/-; lighter sorts from 27/- to 29/-. Store Cattle.—A yarding of over 200 head was forward, the entry including about 100 head of splendid three and four-year-old bullocks. These were in good condition, having been fed on turnips and were easily the best offered in this section of the market this season. The entry claimed attention from graziers and all were sold at prices ranging from £5 5/to £9 per head. There was also an improved demand for other lines of well-bred steers. Young cattle and cows suitable for canning purposes were sold at late rates. Dairy Cattle.—About fifty head were offered, the majority being of good quality. . There was a fairly good demand, and late i rates were realised. Best cows sold at from ■£B 10/- to £lO 10/-; heifers, £5 5/- to I £6 6/-; aged cows, £2 to £3 A full yarding was offered which was in excess of requirements, and prices consequently were easier. Best baconers, sold on a basis of about 7Jd per lb, and best porkers at about 83d per lb. ADDINGTON STOCK MARKET. CHRISTCHURCH, November 14. At the Addington market exceptionally heavy entries were the rule to-day, and there was an all round easing in the fat stock market, notably in the beef section. The fine growing weather caused a heavy entry of cows to be sent in. Store Sheep: There was a small entry o( two-tooth wethers. Off shears sold firmly at late rates and adult wethers were in keen demand and prices for these improved. The demand for ewes and lambs was not particularly good: Good 2-tooth wethers 21/1 to 23/3; ordinary 17/8 to 20/-; mixed sex 2-tooths 27/1 to 28/2; woolly hoggets 26/-; aged ewes and lambs 16/7 all counted; aged woolly ewes and lambs 21/6 all counted; four 6 and 8-tooth wethers 27/10 to 29/1. Fat Lambs: 500 odd were penned and a good sale resulted. Extra prime lambs realised 32/6 to 36/-; a few special to 40/9; prime 29/- to 32/-; medium 26/6 to 28/9; light 24/- to 26/3. Fat Sheep: There was an average yarding, the bulk of which was shorn. There was a drop of 1/6 to 2/- per head on last week. Extra prime wethers brought 37/to 41/-; a few special 43/6; prime 33/- to 35/6; medium 29/9 to 32/6; inferior 27/6 to 29/6; extra prime ewes 32/- to 34/7; prime 29/6 to 31/6; medium 27/3 to 29/3; light 25/10 to 27/-; prime woolly wethers 44/- to 46/-; a few special to 50/6; prime woolly ewes 38/- to 43/-; extra 47/3; medium woolly ewes 34/- to 37/6. ’

Fat Cattle: A'( very heavy yarding of 570 head were forward and values eased by about 40/- to 45/- per head. Best beef averaged up to 40/- per lOOlbs, extra prime steers £lB to £2O/12/6; prime £l4/15/- to £l7/15/-; medium £ll/5/- to £l4/5/-; light £7/10/- to £11; extra'prime heifers £l5/17/6; prime £B/10/- to £11; ordinary £6/15/- to £B/5/-; extra prime cows to £l2/2/6; prime cows £8 to £lO/10/-; medium £5/10/- to £7/15/-; aged and inferior £3 to £5/5/-.

Vealers: This was a large entry of mixed quality. Most sorts sold at prices about equal to those of last market. Rukners brought to £6; good vealers £4' to £5/5/-; medium calves £2 to £3/5/-. Store Cattle: A large entry forward and the demand duller than at the previous sale. Three and four year steers brought £7/10/to £8; three year £5/10/- to £6; two year £3/15/- to £4/10/-; yearling £l/10/- to £2/5/-; good two year heifers £4/10/-; eighteen months £3 to £3/5/-; good cows £2/5/- to £2/10/-.

Dairy Cattle: There was a fairly large yarding but most of the stuff showed a lack of dairy quality. Best springing cows brought £7/10/- to £9; fairly good £4/10/to £5/5/-; medium and inferior £2/10/- to £4; best springing heifers £B/10/-; good £5/5/- to £7/10/-. Fat Pigs: There was a large entry and prices of both bacon and pork dropped 2d a lb. Choppers brought £2/10/- to £7; light baconers £3/12/- to £3/16/-; heavy £4 to £4/10/-; extra heavy £5/7/-; average price per lb 7d to 7.fd; light porkers £2/5/to £2/10/-; heavy £2/15/- to £3/10/-; average price per lb 7d to Bd. Store Pigs: A very large entry was forward and prices of small stores and weaners receded appreciably Prices of large and medium stores were fully up to late rates. Weaners brought 16/- to 25/-; small stores 18/- to 24/-; medium 35/- to 42/-; large 50/- to 60/-. STOCK EXCHANGES. CHRISTCHURCH, November 14. Sales reported: Standard Insurance, 38/-; New Zealand Government 54 Inscribed (1933), £lOO 7/6; Wilson Cement (cum. div.), 29/3 (two parcels). Sales on ’Change: Bank of New Zealand (new issue), 49/6; Crown Brewery, 56/3; Kauri Timber (cum. div.), 28/2; Burns Philp, 32/6; Electro Zinc pref., 28/3. DUNEDIN, November 14. Sales on ’Change: Mount Lyell, 23/2 and 23/WELLINGTQN, November 14. Sailes reported—P.O. inscribed stock, £97 15/- Bank of New Zealand (new issue) £2 9/9; Union Bank, £l4 17/6; Crown Brewery, £2 16/6; £2 16/9. WESTPOPT COAL COMPANY. DIVIDEND DECLARED. DUNEDIN, November 14. The directors of the Westport Coal Company recommend a dividend of one shilling a share for the half-year ended September 30; also a bonus of sixpence from the in- : surance fund EGMONT SHOW. SOME OF THE PRIZES. HAWERA, November 14. Judging at the Egmont Show took place to-day. Chief intere t centred in the Jersey C.O.R. Stakes, the total prize-money for which was £5OO. The first prize was £250, the second £lOO, with varying amounts down to 10th £5. Nineteen entries were received, the results being;

O’Sullivan & Son’s (Tariki —Meadowvale) Perfect Day 1 Deremer’s (Cheltenham) Waipiko Jolly 2 Jones’s (Manaia) Shamrock’s Jewel 3 Then came O’Sullivan & Son’s Tariki 4; Simpson (Gillsborough) 5; Now r ell (Hawera) 6; Petersen (Waitara) 7; O’Sullivan & Son’s two entries (equal) 8; Magill (Normanby) and O’Sullivan & Sons (equal) 9; and Lepper (Lepperton) 10. Jersey Champion—Cow: Horn (Ohau) 1. Ayrshires—Cow: Colpman 1 Horses—Champion Hack—Tonk’s Chance Sleep 1. Romney Marsh—Ram: Voss and Sons (Longburn) 1; Ewe: Voss and Sons 1. Southdown—Bowen (Toko) 1. Pigs—Berkshires: Boar, Bowen and Wilson (Hastings) 1. Sow: Bowen and Wilson 1. Tamworths—Boar: Bowen and Wilson 1; Sow: Bowen and Wilson 1. The Show will be officially opened by Hon. W. Nosworthy to-morrow —People’s Day. All round, it is considered-the Show is exceptionally good. DAIRY PRODUCE. Messrs A. S. Paterson & Co., Ltd., Dunedin, are in receipt of the following cable from their principals, Messrs J. & J. Lonsdale & Co., Ltd., London, dated Nov. 13: — Butter: Firmer, 196/- to 198/-. Cheese: Slow, 100/- to 102/-. OUTLOOK FOR FARMERS. A COMPREHENSIVE REVIEW. The interest of the farming community is at present focussed on the likely reward of the year’s operations (remarks the Wairarapa Age). The dairy farmers are now in receipt of their cheques for the first supplies of butter-fat for the season. The position is legs exciting for them than it was last year, when a flight of buyers was at large in the country bidding for z the output. Still, the pay-out generally is satisfactory. The cattle farmers have reaped rather an unexpected harvest. The invasion of an outside buyer operating on a considerable scale for fat stock has removed 5000 to 6000 prime cattle and given a fillip to the demand for forward sorts which in ordinary circumstances would not be in much demand. The sheep farmers are in a mixed frame of mind. Some descriptions of sheep have been fetching prices that are not quite explainable by the prospects, while lamb, on the other hand, looks like occupying a very doubtful position at the opening of the freezing season. Fanners who are not satisfied with the prices offering have, however, better facilities than heretofore for following the alternative course and freezing on their own account if they so desire. Wool, the old staple produce of New Zealand, again bids fair to bring in substantial cheques, and many farmers look to these to put their accounts once more in credit after several months of working on overdraft. Once more the outlook for all, though not startlingly bright, is much better than many people dared to hope a couple of years back. CLYDESDALE STOCK. “DUNURE BLEND” AT MELBOURNE. The Clutha Leader says that local horsebreeders will be interested to learn that at the Melbourne Royal Show the Clutha-bred stallion, “Dunure Blend,” was placed second in the four to seven years’ class out of a ring of eleven. The Melbourne Leader, commenting on the horses, said that the judge evidently had an eye for big horses, as “Dunure Blend” was a massive-bodied horse, with splendid action and good feet and legs. He was bred by Mr George Moffate, Te Houka, and was sired by the Clutha Clydesdale Horse Club’s stallion, “Finest Blend,” out of “Riverview Molly.” It is also an interesting fact that the first horse imported by the Clutha Clydesdale Horse Club, “Boquhan Kennedy,” was highly recommended in the aged stallion class at the same show, and it was said that he would have been higher up, but for the fact that he trotted out very wide. TOBACCO GROWING. NOT RECOMMENDED IN BRITAIN. (By Telegraph—Press Assn.—Copyright.) (Australian and N.Z. Cable Association.) LONDON, November 13. The committee appointed by the Treasury to inquire into tobacco-growing in Great Britain reports that though a limited number of agriculturists might benefit from a measure of assistance to the tobaccogrowing industry, they unanimously do not recommend any further expenditure of public funds beyond the help already given by Imperial preference. SOUTHLAND ELECTRIC POWER LOAN. UNDERWRITERS RECEIVE NEARLY HALF. LONDON, November 13. The Underwriters receive about fifty per cent, of the Southland Electric Power Board’s issue of £750,000. LONDON WOOL SALES. PRICES VERY FIRM. LONDON, November 14. At the wool sales there was a miscellaneous selection, with the prices very firm. New Zealand: Pareora, 29d.; Eclipse, 27d Waihi—26/3. THE STOCK EXCHANGE. MORE CHEERFUL OUTLOOK. LONDON, November 14. The Stock Exchange is more cheerful. Gilt-edged stocks recovered somewhat while consols closed at £56 15/- and conversion bonds at £76 10/-. On the improved foreign exchanges and the knowledge that the general election will be over soon, the exchange in New York reached 438 h cents.