COMMERCIAL

Southland Times, Issue 20395, 26 January 1928, Page 2

COMMERCIAL

BURNSIDE SALE. FAT SHEEP EASIER. Dunedin, January 25. A further decline of about 27- all round was noticeable in the sheep sale at Burnside to-day. There was a keen demand for lambs and it was anticipated that fat cattle would sell at values a little easier than last week. Fat cattle: A yarding of 258. The yarding was fairly large and was of good quality. There were many more heavy bullocks forward than last week. As usual there was a large entry of cows this week. Extra prime bullocks made from £l5 to £l6, prime from £l2 12/- to £l4, prime heifers from £8 to £9 10/-, medium to £7 5/-. Best cows from £9 15/- to £lO 5/-. Extra prime ox beef sold on the basis of 37/6 per 1001 b and medium 35/-. Prime heifers made 32/6, cows and light heifers from 20/- to 25/-.

Fat sheep: In this section 1908 were penned. The medium entry was of fair quality, the bulk of the yarding being comprised of ewes of which a good number were heavyweights. The entry of wethers was not as good as was forwarded at the last. sale. The demand was very poor and values showed a further decline of at least 2/- below the previous sale’s rates. Prices: Prime heavy wethers 36/- to 38/-, prime 33/- to 35/-, medium 28/- to 30/-, prime heavy ewes 25/- to 27/-, prime 22/to 24/-, medium 17/- to 18/6. The basis per lb was as follows: Prime wethers 5d to s|d, prime ewes 4d. and light ewes 34d. Lambs: There was good entry of 605 head of mixed quality. A number of pens of plain, some not killable, and a balance of fairly good primes were forward. There was a keen demand at the best rates of last week for all prime lambs, all the exporters operating. The unfinished classes were dull. Prices: Prime heavy lambs 30/9 to 32/6, prime light 26/- to 28/-, medium 24/- to 25/-, unfinished 18/- to 20/-. The average price per lb obtained was 94d. Store cattle: There was a big entry of over 300 made up of good conditioned cows and mixed young cattle together with 70 three and four-year-olds of mixed colour. The demand was keen for all classes of bullocks. Prices: Btet three and four-year-old bullocks £ll 3/-, medium £8 5/- to £9, one and a half to two-year-olds up to £6. Cows were a shade easier, but there was a good demand. Pigs: 100 fats were yarded and these sold at prices about 10/- above the reduced rates of last week. Stores totalled 50. There was a good demand for baconers and porkers which sold at 5Jd. and 7d. per lb respectively. ADDINGTON MARKETS. HEAVY ENTRIES. LAMBS DOWN BY 2/- PER HEAD. Christchurch, January 25. There were heavy entries to-day in practically all classes except fat sheep. Store Sheep.—The biggest entry of store lambs this season. Competition was much more restrained and best lambs were down by 2/- per head and others by 2/6. Prices previously had been beyond the parity of fat lambs in addition to which the weather has set in very warm. Good adult sheep sold brightly, but low conditioned, both ewes and wethers, were not wanted. Good mixed sex lambs 23/- to 24/8; forward rape lambs 21/6 to 22/9; medium rape lambs 18/6 to 21/-; backward sorts I'4/7 to 18/-; good 4, 6 and 8-tooth half-bred ewes 27/9 to 30/11 p medium 4, 6 and 8tooth (ewes) 22/3 to 25/11; extra good 2-tooth half-bred ewes to 32/10; inferior aged ewes 13/- to 16/-; cull ewes 5/9 to 11/10; forward four, six and eight-tooth wethers to 23/7; medium 4, 6 and 8-tooth wethers 18/6 to 2/11; two-tooth wethers 23/6; low conditioned wethers 14/3. Fat Lambs.—-Three thousand two hundred and twenty were yarded. A keen sale at full export prices. Extra prime to 34/1; prime 28/6 to 32/-; medium 26/6 to 28/-; light 23/- to 26/-. Fat Sheep.—A smaller entry of 11 races, mostly ewes, with very few prime wethers. For the latter the market about held, but big ewes were down by 1/- to 1/6 a head and light wethers by a shilling. Exporters bought lighter sheep. Extra prime wethers to 34/4; prime wethers to 34/4; prime wethers 30/- to 32/-; medium wethers 26/6 to 29/-; light wethers 23/6 to 26/-; extra prime ewes to 29/7; prime ewes 23/6 to 26/6; medium ewes 18/- to 23/-; light ewes 13/9 to 17/-.

Fat Cattle.—A heavy entry of 520 head, too many for a mid-summer sale. The advance recorded last week was lost. Best light prime beef made 37/6 to 40/-, in cases to 42/-; medium 34/- to 36/-; heavy 32/- to 35/-; medium cow beef 29/- to 32/- and rough down to 25/-; extra heavy steers to £lB 17/6; prime heavy steers £l5 15/- to £l7 5/-; medium-weight prime steers £l3 to £l5 10/-; light steers £lO to £l2 10/-; extra prime heifers to £l4 7/6; prime heifers £ll 5/- to £l3; medium heifers £9 to £11; extra prime cows to £l4 2/6; prime cows £lO 5/- to £l2 5/-; medium cows £7 10/- to £10; aged and light cows £5 7/6 to £7 5/-. Vealers.—Lower prices all round, most marked for inferior stuff. Twelve to 18 months sorts to £6 15/-; good vealers £4 to £5 5/-; others 30/- to £3 10/-; calves 4/- to 10/-. Store Cattle.—A large entry and a good sale for any decently forward stuff with good colours. Three and four-year-old steers £9 to £lO 2/6; 2-year to £6 11/-; yearling heifers £3 to £4 5/-; cows £2 5/- to £5 10/-; bulls £3 10/- to £8 10/-. Dairy Cattle.—Best second to fourth calvers £8 to £ll 10/-; medium £6 10/to £7 15/-; others £4 to £6; heifers £7 to £lO 10/-; others £4 to £6 10/-. Fat Pigs.—A smaller representation of porkers and a bigger one of baconers than last week. There was again a number of overweight baconers that were practically unsaleable, making no more than 34d a lb. There was no buying for export, prices being a shade on the light side. Choppers £2 to £4 13/6; baconers 47/6 to 52/6; heavy baconers 55/- to £3 4/6; average price per lb. 4d to 54d; porkers 32/6 to 37/6; heavy porkers 40/- to 45/-; average per lb 54d to 7d. Store Pigs.—Good competition for the entry, which comprised for the most part large stores and slips. Weaners 10/- to

15/-; extra good to 18/-; stores 18/- to 23/6; good stores 24/- to 29/6; extra good 32/- to 36/6. GRAIN REPORT. Messrs Donald Reid and Co., Ltd., report as under:— Wheat: Present weather conditions have improved the growing crops and the harvest will now be much better than was anticipated earlier in the season. There is little of last season’s left in farmers’ hands, and any small lines offering are being sold for fowl wheat at prices ranging to 6/6 per bushel, on truck, sacks extra. Oats: Very little business is passing. Merchants have reduced their holdings considerably, and are not inclined to part with the remainder even at the increased values offering. Farmers are holding little or nothing. Nominal value of A grade is 2/10, B grade 2/7, sacks extra, on truck, country stations. Chaff: There are very.few consignments reaching this market, but then again the demand is never great and only prime quality meets with ready sale. This grade is worth £5 5/- sacks extra, ex truck, Dunedin. LONDON WOOL SALES. Messrs Dalgety and Company, Limited, report having received the following advice from their head office, London, under date of the 24th instant:—Sales continue active with brisk competition. Opening rates of series fully maintained for most descriptions. England and Germany principal operators. America buying also. France competing but with more reserve. Demand less keen for crossbred skirtings. Some withdrawals of speculators’ wool owing to too high reserves. DAIRY PRODUCE. Messrs A. S. Paterson and Co., Ltd., are in receipt of the following cable from Messrs J. and J. Lonsdale and Co., London, dated the 23rd instant:—Butter slow, uncertain, 152/-, 154/-. Cheese dull, downward tendency 89/-, 90/-. METAL MARKETS. (By Telegraph.—Press Assn.—Copyright.) London, January 23. Copper: £62 4/4J, £6l 19/44. Electrolytic: £66 10/-, £67. Wire Bars: £67. Lead: £2l 16/3. Spelter: £26 5/-, £26 2/6. Tin: £254, £252 8/9. Silver (standard): 26 3-16 d; fine 28|d. — A. and N.Z. SOUTH AUSTRALIAN LOAN. London, January 24. It is understood that the underwriting of the South Australian £2,500,000 loan at £9B is imminent.—A. and N.Z. AUSTRALIAN MARKETS. (Rec. 9.5 p.m.) Sydney, January 25. Wheat: At country stations 4/9, 4/94; ex truck, Sydney 5/44, 5/5. Flour: The export trade is lifeless. Local £l3 5/-. Bran: £6 10/-. Pollard: £7 10/-. Oats Tasmania Algerian 5/3; white 4/9. 4/9. Maize: 4/-. Potatoes: Tasmanian new £4 10/- to £B. Onions: Victorian £ll.—A. and N.Z. STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. . At a meeting of Stock Exchange yesterday morning the following sales were reported:—Commercial Bank, 29/6, E. S. and A. Bank, £7 13/6, Waihi Gold Mining, 11/6, and British Tobacco, £2. Quotations were also niggle as under: Bank of Australasia, s £l4 14/-. Commercial Bank, s 29/7. E. S. and A. Bank, s £7 14/-. National Bank, b £6 16/6. Bank of New South Wales, b £47 10/-, s £4B. Bank of New Zealand (D issue), b 59/-. Union Bank of Australia, b £14’12/6. Westport Coal, s 32/6. National Insurance, b 15/2. New Zealand Insurance, b 40/9. South British Insurance, s 58/-. Standard Insurance, b 62/-. Dalgety and Co., b £l3 15/-. Goldsbrough, Mort, and Co., b 46/6. National Mortgage, b 72/6. Wright, Stephenson and Co. (ord.), b 20/-. Wright, Stephenson and Co. (pref.), s 15/9. Canterbury Frozen Meat, b £8 2/6. New Zealand Refrigerating (20/-), b 17/8. New Zealand Refrigerating (10/- pd.), b 8/7. Southland Frozen Meat (£1 ord.), b 31/6. Southland Frozen Meat (10/- ord.), b 15/9. Southland Frozen Meat (£1 pref.), b 31/6. Kawarua Gold Mining, s 7d. Mount Lyall, b 28/6. Huddart Parker (ord.), b 49/3. Union Steam Ship Co. (pref.), b 20/-. Bruce Woollen Mills, b 11/-. Mosgiel Woollen Mills, b £6 12/6. D.I.C. (ord.), b 9/- premium. Dominion Rubber Co., s 47/-. Milburn Lime and Cement (new issue), b 31/6. New Zealand Drug, s 70/-. New Zealand Guarantee Corporation, b 8/9, s 9/3. New Zealand Milk Products, b 22/-. Wilsons (N.Z.) Port Cement, b 37/6. Dominion Investments,-‘b 22/-. War Bonds (1930), b £97 10/-. Inscribed Stock (1938), b £96 15/-. War Bonds (1938), b £96 15/-. Inscribed Stock (1939), b £96 15/-. War Bonds (1939), .b £96 15/-. P.O. Inscribed Stock (1929), b £9B 5/-. Soldier Settlement Loan Bonds (54 per cent.) 1933, b £lOl 5/-. British Tobacco, b 39/9, s 40/3. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, January 25. Sales on ’Change: Auckland Harbour Board (1941) 6 per cent. £103; Commercial Bank of .Australia 29/-; National Bank of Australasia £l7 4/6; National Bank of Australasia (cont.) £8 11/-; Bank of New South Wales £4B; Bank of New Zealand 59/3, 59/-‘; New Zealand Inscribed 41/-; Auckland Gas 23/3; Auckland Gas (cont.) 17/-; Wellington Gas 28/-; J. Staples and Co. 40/6; Wahi 11/3; Mount Lyall 29/-. Wellington, January 25. Sales Reported: Four and a half per cent, stock (1938) £97; Commercial Bank, cum rights, 29/6; National Bank of New Zealand, £6 17/6; National Bank of Australasia (£lO paid) £l7 5/6. Christchurch, January 25. Sales on ’Change.—Commercial Bank of Australia 29/3; Staples’ Brewery 40/3; National Bank of Australasia (£5 paid) £8 10/6 (2 parcels). Sales Reported.—Commercial Bank of Australia 29/5, 29/3; National Insurance 15/3; National Bank of Australasia (£5 paid) £8 10/3 (2 parcels) ; British Tobacco 39/9; Waihi 11/3 (2 parcels). Dunedin, January 25. Sale reported: New Zealand Refrigerating Company (cont.) 8/7.