COMMERCIAL

Southland Times, Issue 19939, 4 August 1926, Page 2

COMMERCIAL

WALLACETOWN SALE. A SATISFACTORY' MARKET. The Wallacetown stock sale was held yesterday under good weather conditions, though recent rains rendered underfoot conditions unpleasant and emphasised the necessity for constant attention to the yard and its approaches. The yarding of fat sheep was somewhat smaller than that at the previous sale, and the quality of • the stock forward, though good, was not nearly up to the standard of that penned a fortnight ago. Very few lines were yarded, the major portion of the offering comprising good medium-tveight butchers’ wethers with very few exceptionally heavy lines. A few very good steers were included in the offering of fat cattle, the top price of £l7 being paid for the best bullock in a line vended by Mr W. Clark, Woodlands. The bulk of the yarding comprised good cows and heifers which met a fair sale, but taken all round prices paid for beef were not up to those of the previous sale, and in many cases vendors were disappointed. The bulk of the animals penned were quitted at auction and very few lines were, passed, though in a number of cases sellers’ reserves were not realised. The number of store sheep yarded was small and consisted of a few lines of fail-ing-mouth ewes and some forward wethers. Late rates were fully maintained. Store cattle were not forward in large numbers. A few pens of good speyed cows and heifers were forward with a couple of pens of nicely bred 18-month steers. Prices were not up to vendors’ expectations and several lines were passed in. FAT CATTLE: The yarding was smaller than that at the previous sale. Prices were equal to those ruling then, especially those paid for bullock beef, and in many cases cows and heifers brought close on ox-beef prices per 1001 b. Best bullocks realised up to £l7; good butchers’ weights from £l2 to £l5; lighter sorts from £9 10/- to £ll. Extra prime heifers (on account of Mr A. McNaught, Rakahouka), made up to £l2 10/-; medium weights from £8 to £lO, and lighter kinds down to £6 10/-. Extra heavy cows sold up to £l3 2/6; medium from £8 to £lO, and lighter sorts from £4 10/- to £6 10/-. The yarding of vealers comprised some very fine quality, the standard of which was really above the average. A good demand was experienced, best vealers bringing up to £3 15/-, with lighter kinds from 35/- to £2 10/-. FAT SHEEP: The yarding of fat sheep was down both in numbers and quality. Very few extra heavy wethers were yarded, and only about three pens of fat eyves were on offer. Extra heavy wethers made up to 38/-; good butchers’ weights from 30/- to 34/-, and lighter sorts from 27/6 to 29/6; medium weight ewes from 23/- to 24/9. STORE SHEEP: There was only a small yarding of store sheep, which were sold at prices on a par with those ruling at recent country sales. A small pen of mixed sex hoggets realised 23/7, a pen of 4, 6 and 8toothed wethers making 27/1. A pen of 60 failing-mouth ewes went at 23/7, while a few small pens of aged ewes made from 13/6 to 17/-. STORE CATTLE: A full yarding, consisting chiefly of aged cows and heifers (speyed). There were also two pens of two-and-a-half-year-old steers forward, but these were passed in at £6 17/6. There was practically no demand for the cows and heifers, except at boiling down figures and the bulk of this class of stuff was passed in at auction. A small pen of mixed sex calves were withdrawn at £3 7/6. A large yarding of dairy cows was forward, consisting mostly of medium and poorer quality sorts. Anything young and good realised from £7 to £9 10/-, medium from £5 to £6 10/-, and aged and inferior lowered accordingly. The following table shows the yardings at the three last sales:—

INVERCARGILL STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At a meeting of the Invercargill Stock Exchange yesterday the following quotation.* were made:— Commercial Bank, b 32/3; s 32/6. National Bank of New Zealand, b £6 15/-; s £6 16/6. Bank of New Zealand, s 62/-. Union Bank of Australia, s £l5 2/\ Westport Coal, s 36/-. National Insurance, s 80/6. New Zealand Insurance, s 41/-.. South British, s 60/-. Dalgety and Company, b £l5 17/6. Goldsbrough Mort, s 49/-. National Mortgage, s 73/6. New Zealand and River Plate, b 22/-. Perpetual Trustees (Dunedin), b 52/6. New Zealand Refrigerating (20/-), s 18/-; (10/- paid), b 7/-; s 7/6. Southland Frozen Meat (£1 ord.), b 33/-; 10/- ord.), b 16/6; (£1 pref.), s 32/-. South Otago Freezing, s 50/-. Kawarau Gold Mining, b 6/10. Waihi, b 18/9; s 19/6. Waihi Grand Junction, b 1/8; s 1/11. Mount Lyall, b 25/4; s 25/8. Huddart-Parker (ord.), b 44/-; s 45/3; (6 p.c. cum. pref.), b 20/8. Union Steam Ship Co., b 20/1. Bruce Woollen Mills, b 21/-; s 23/-. Mosgiel Woollen Mills, b £5 15/-. Wellington Woollen Mills (ord.), b £6 8/6. Dominion Rul ’ r, b 51/3. Donaghy’s Rope and Twine, b 32/-. Greater Lyceum, s 5/-. Milburn Lime and Cement, s 33/-. New Zealand Drug, b 70/6 New Zealand Express (ord.), b 21/-; (pref.), b 17/6. New Zealand Guarantee Corporation, b 9/9. New Zealand Hardware (ord.), b 12/-; s 13/6. New Zealand Milk Products, b 32/- • s 33/6. New Zealand Paper Mills, s 19/9. Wilson’s (N.Z.), Portland Cement, s 35/9. Inscribed Stock (1938), b £96 17/6. War Bonds (1930), b £97. P.O. Bonds (1927), b £9B 10/-. Soldiers’ Settlement Loan Bonds (1933). b £99 10/-. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, August 3. Sales on ’Change: War Loan (1938), £96 12/6; National Bank of New Zealand £6 16/-, £6 15/6; Bank of New Zealand 61/6; New Zealand Farmers’ Fertiliser 94/-; Alburnia 4/8, 4/9; Kawarau 6/10, 6/6; Ohinemuri 7/6; Waihi 19/3; Grand Junction 1/9. Christchurch, August 3. Sales reported: Bank of Australasia £l4 4/-; National Bank of New Zealand £6 16/- (2 parcels); Bank of New Zealand 61/6 (2 parcels), 61/9; Goldsbrough Mort 48/3 (2 parcels), 48/-; British Tobacco 51/-; Burns-Philp 37/3; Grand Junction 1/10

Sales on 'Change: Bank of New Zealand 61/6; New Zealand Refrigerating (oont.) • 6/-; Wilson’s Cement 35/3; Whitcombe and Tombs 70/0. Dunedin, August 3 Sales on ’Change: Kawarau 6/9 (three), I Electrolytic Zinc (pref.), 36/1. CLEARING SALE AT OTAUTAU. (From Our Correspondent.) The National Mortgage and Agency Co., i Ltd., conducted a clearing sale on behalf of | Mr Shadforth at North Otautau, on Fri- , day. The following were some of the prices j realised:— ' Cattle.—One cow £6 10/1 do. £5, 1 do. £2 10/-, 1 do. £7 5/-, 1 do. £3, 1 do. £l, | 1 do. £7 10/-, 1 do. £5, 1 do. £2 10/-, 1 Jersey heifer £4 15/-, 3 calves at 10/- each, , and 1 bull £2. Implements and Sundries.—Plough £l6 . 10/-, separator 32/6, building for removal i £65, tank and tank-stand £4, and 2 stacks j oaten sheaves at £ll and £8 5/-. McNAB STOCK SALE. The fortnightly stock sale at McNab was I held yesterday before a small attendance of j farmers. There was no demand for fat sheep, and | the best price offered was 33/6. The store market was also dull. A pen ! of wether hoggets was disposed of at 24/-, ; store wethers at 28/6 and full and failing- I mouth ewes 31/1. Sales were as follow: « J. E. Watson and Co., Ltd., offered and • passed in 19 fat wethers 32/6. 1 [ Wright, Stephenson and Co., Ltd.: 172 j wether hoggets 24/-. Passed in: 17 fat , wethers 33/6, 3 fat wethers no bid. National Mortgage and Agency Co., Ltd.: j 37 full and failing-mouth ewes 31/3. ■ Passed in: 19 fat wethers 32/3, 300 full J and failing-mouth ewes 23/-, 125 do. 25/10. { New Zealand Loan and Mercantile Agency f Co., Ltd.: 40 store wethers 28/6. Passed t in: 108 wether hoggets at 20/-. CATTLE. In the fat pens only cows were forward, I and sales were made at from £4 to £6 ? 2/6. In the store pens a springing cow realised J £8 12/6 and a springing heifer £6 17/6, [ while other springing heifers made up to i £4. « Sales were as follow: New Zealand Loan and Mercantile j Agency Co., passed in 12 store steers at £6 « 11/-. Southland Farmers’ Co-operative Asso- | ciation, Ltd.: Fat cows £6, £6 2/6, £4, 4 ? heifers £3 12/6, 3 heifers £2 10/-, springing c heifer £6 17/6, springing cow £8 12/6, 2 ! springing heifers £4, 2 at £2 17/6. Passed ' in: 20 yearling steers and heifers £3 18/-, J fat cow £4. GRAIN REPORT. Messrs Donald Reid and Co., Ltd., Dun- | edin, report as under: — Oats: Shippers are still finding it impos- ! sible to compete with imported oats, and J this keeps the local market quiet. The i seed demand is absorbing the good bright j heavy lines, but all other grades are dead. « Offerings from farmers are also at a minimum. We quote: A Gartons 3/3; B Gar- J tons 3/-, sacks extra, on truck, country f sidings. J Potatoes: There is little change in this I market. A fair quantity of tubers are r stored, but as the growth is making an » early appearance, holders may be compelled j to quit before they intended to. Best [ tables are realising from £6 to £6 10/-, ex | truck, sacks in. Chaff: Ample is coming to hand for local I consumption. There is, however, too big | a production of medium and inferior in I comparison to good bright, which is the , quality mainly inquired for. To-day’s I values are:—Good bright, £5 10/- to £5 f 15/- ex truck: medium, to £5; inferior from ! £3 10/-, ex store, sacks extra in each case. I Wheat: A further rise in flour took place r last week, but little wheat is offering. A « Northern inquiry for milling quality came [ to hand which makes it apparent that [ wheat is also scarce up North. Values I remain round about 7/- for milling, 6/- ! to 6/6 for fowl wheat, sacks extra, on i truck, country sidings.

Aug. 3. 20. July 6. Store Cattle . .. 218 155 78 Fat Cattle .. 183 245 217 Store Sheep . .. 271 57 519 Fat Sheep .. . .. 735 949 686 Vealers .. .. . .. 9 16 Dairy Cows . .. 70 60 —