COMMERCIAL

Southland Times, Issue 20448, 28 March 1928, Page 2

COMMERCIAL

GORE STOCK SALE. A LARGE ENTRY. YOUNG EWES SELL WELL. There was an exceptionally large entry of sheep at the fortnightly stock sale at Gore yesterday, when several pens of particularly good young ewes were on offer. There was a large attendance of district farmers, among whom there was a fairly keen inquiry for good young ewes and for ewes with sound mouths. A very fine line of stud Romney two-tooth ewes was offered on account of Mr D. Macdonald, Edendale, by Messrs Wright, Stephenson and Co., Ltd., but were passed in at 2jgns. The top price obtained for two-tooth ewes was 39/1 for a line of 132 well-grown and well-woolled sheep offered by the National Mortgage and Agency Co. on account of Mr R. J. Johnston, Waimumu. These were purchased by Mr E. McDowell. East Gore, and by Mr J. Robertson, Waikoikoi. A line of particularly good four-tooths offered on account of the same vendor, realized 40/6. They were purchased by Mr R. Wyber, Mataura. This is the top price paid for ewes at an Eastern District stock sale this season. Other lines of smaller grown sorts realized from 35/- to 36/6. Sound-mouth ewes were also fairly keenly sought after and realized from 25/8 to 28/1 for good quality down to 22/- for poorer sorts. The yarding included a fair proportion of old ewes of poor quality and for these there was not a keen demand. Good fresh old ewes with fairly good mouths sold well, however, prices ranging from 16/3 to 19/-, with poorer sorts from 10/to 15/-. and done old ewes down to 3/6. Very few ewes lambs were forward, and the only line of well grown sorts was passed in at 24/9. The majority of the wether lambs was also small, prices ranging from 22/. to 24/3, with culls selling from 15/to 19/1. Sales were as follows: National Mortgage rfhd Agency Co., Ltd: 5 fat wethers at 26/9; 4 fat lambs at 32/9, 2 fat awes at 17/-; 100 rape lambs at 24/1; 7 cull lambs at 8/-; 6 cull ewes at 3/-; 23 f. and f.m. ewes at 18/3; 8 m.s. lambs at 24/6; 146 f. and f.m. ewes passed at 11/5; 19 cull ewes at 3/6; 48 two-topth ewes at 28/1; 132 two-tooth ewes at 39/1; 80 four tooth ewes at 40/6; 90 f. and f.m. ewes at 14/3; 80 s.m. ewes at 23/-; 32 f. and f.m. ewes at 14/4; 65 s.m. ewes at 25/8; 60 two tooth ewes at 36/6; 100 f. and f.m. ewes at 10/-; 80- f. and f.m. ewes at 13/6; 23 rape lambs at 24/3; 78 f. and f.m. ewes at 10/3; 132 f. and f.m. ewes at 14/10; 2 one-shear rams at 4gns; 2 do at 3gns; 1 three-shear ram at 3igns; 3 s.m. rams at 2gns. Southland Farmers' Co-operative Association Ltd: 2 fat lambs at 24/-, 13 f.m. ewes at 7/6; 38 cull ewes at 3/6; 63 f.m. ewes at 13/-; 29 f. and f.m. ewes at 19/-; 46 cull ewes at 8/3; 13 s.m. ewes at 18/-; 1 ram at 7/-; 25 cull ewes at 8/6; 35 two and four tooth ewes passed; 116 m.s. lambs passed, 38 ewe lambs at 22/3; 87 two tooth ewes at 35/8, 292 two tooth ewes passed at 32/-; 228 s.m. ewes at 29/3; 80 f.m. ewes at 10/-. Wright, Stephenson and Co. Ltd: 12 s. and f.m. ewes at 18/6; 2 fat wethers at 33/6; 12 fat wethers at 29/6; 12 do at 27/6; 50 f.m. ewes at 11/3; 37 store wethers at 26/7; 61, two tooth stud Romney ewes passed at 24gns; 188 two tooth ewes at 35/-; 50 cull wether lambs at 14/10; 4 ram lambs at 10/3; 18 f.m. cull ewes at 8/6; 400 wether lambs at 22/-; 26, two, four, six and eight tooth ewes at 197-; 1 ram at 25/-; 1 do at 10/-; 1 do at 5/-; 18 cull ewes at 3/9; 70 s. and f.m. ewes at 22/6; 88 ewe lambs passed at 24/9; 67 f. and f.m. ewes passed at 8/6; 47 s.m. tussock ewes at 24/1; 87 wether lambs at 19/1; 71 m.s. cull lambs passed at 11/6; 116, two tooth ewes at 34/6; 148, two and four tooth ewes at 27/6. J. E. Watson and Co., Ltd: 7 fat wethers at 30/3; 13 fat wethers at 27/9; 47 m.s. lambs at 19/1; 14 ewe lambs at 21/7; 40 two tooth ewes at 35/8; 54 f.m. ewes passed at 8/6; 105 f.m. ewes at 12/-. Dalgety and Co., Ltd.: 35 fat wethers at 32/3; 27 f.m. ewes at 18/-; 52 s.m. tussock ewes at 22/-; 17 cull wether lambs at 12/-; 27 f. and f.m. ewes at 16/3; 209 wether lambs passed at 21/6; 145 store wether lambs at 18/-; 8 cull ewes at 6/-; 33 cull ewes at 6/-: 138 f.m. ewes at 15/7; 62 s.m. ewes at 28/1; 90 four tooth ewes at 29/7; 160 f.m. ewes at 14/7. N.Z. Loan and Mercantile Agency Co., Ltd: 8 fat ewes at 22/-; 55 f. and f.m. ewes at 20/-. CATTLE. There was a fair entry of both fat and store cattle, but there was a limited inquiry and several lots were passed in. Sales were:— National Mortgage and Agency Co., Ltd : 2 fat cows at £6 7/6; 1 fat bullock at £10; 1 fat cow at £6 16/-; 1 store cow at £3 10/-, 1 do at £3. Dalgety and Co., Ltd: 7 fat heifers passed at £6 15/-; 2 fat cows at £6 15/-; 5 steers and 4 heifers at £4 17/6. Wright, Stephenson and Co., Ltd: 1 fat bullock at £lO 5/-; 1 fat heifer at £6 15/-; 1 do at £7 15/-; 6 store bullocks passed at £6; 7 store cows passed; 19 steers and heifers at £3 15/6, 7 heifers passed. Southland Farmers’s Co-operative Association Ltd.: 2 empty heifers passed at £4 15/-; 1 fat cow at £5; 1 steer and 1 heifer passed. OTAUTAU STOCK SALE, (From Our Correspondent.) There was a fairly heavy yarding of sheep at the above sale on Friday, close on 20,000 being penned. There was also a large attendance of farmers and others interested. A good sale was experienced, but prices for old ewes were a shade easier. Following were a few of the sales: — The New Zealand Loan and Mercantile Agency Co., Ltd., sold 91 f. and f. ewes 13/5, 22 fat lambs 28/-, 8 do. £l, 34 do. 27/9, 95 ewe lambs 24/-, 34 m.s. lambs 22/4, 213 s.m. ewes passed at 25/-, 144 twotooth ewes 28/6, 66 f.m. ewes 8/5, 104 ms. lambs (cull), 12/1, 25 do. 4/-, 2 Romney rams 4}gns, 5 do. 4jgns. Pigs.—Two at 10/- each. J. R. Milks and Son sold 118 wether lambs 19/6, 7 do. 11/-, 10 do. 16/5, 116 do. 19/6, 65 ewe lambs 23/7, 56 do. 23/-, 42 do.

22/6, 50 ms. lambs 21/8, 25 small lambs 14/3, 18 do. 11/1, 50 2-tooth ewes 34/6, 43 do, 33/-, 100 do. 38/-, 123 do. 39/-, 25 do. 29/-, 88 do. 34/-, 1 fat ewe 17/6, 62 ewea 11/8, 12 do. 27/-, 118 failing ewes 9/-, 144 do. 11/9, 61 do. 11/-, 113 do. 17/-, 22 do. 8/6, 5 do. 8/1, 33 do. (small), 15/-, 84 aged ewes 4/9, 6 fat wethers 29/-, 12 2-tooth wethers 22/6, 65 full-mouth ewes 24/3, 62 do. 19/2, 98 s.m. ewes 27/5, 26 8-tooth ewes 28/6. Cattle.—One dairy cow £B, 1 empty cow £3 10/-, 3 calves £2 17/-, 1 cow £4 5/-, 2 do. £3 7/6, 1 do. £4 10/-, 1 do. £3 15/-, 1 do. £3 10/-. The National Mortgage and Agency Co., Ltd., sold 178 2-tooth ewes 34/10, 149 do. 32/8, 176 do. 24/-, 111 s.m. ewes 19/1, 221 do. 21/4, 45 do. 28/-, 30 do. 20/6, 60 do. 25/-, 88 do. 24/-, 100 do. 25/4, 135 do. 28/-, 157 do. 26/3, 67 f. and f. ewes 9/-, 110 do. 8/-, 228 do. 9/-, 156 do. 21/9, 108 do. 4/7, 154 do. 15/7, 94 do. 10/7, 10 do. 10/11, 23 do. 9/9, 64 do. 8/6, 25 do. 6/-, 35 do. 16/4, 52 do. 11/-, 34 do. 8/2, 70 do. 9/-, 83 do. 6/11, 129 do. 8/-, 47 f.m. ewes 14/-, 50 do. 17/4, 84 do. 8/-, 36 ewe lambs 18/10, 40 do. 26/3, 61 do. 26/-, 46 fat lambs 24/-, 40 ewes 9/10, 4 do. 16/3, 24 do. 12/6, 11 fat wethers 24/-, 19 wethers 24/6, 12 do. 19/-, 166 m.s. lambs 22/9, 205 4 and 6-tooth ewes 30/-, 190 do. 34/5, 66 do. 35/-, 153 wether lambs 20/-, 107 2,4, 6 and 8-tooth ewes 24/-, 39 4-tooth ewes 34/4, 5 rams 5 guineas, and one at 4 guineas. Cattle.—l fat steer £6 7/6, 2 do. £7 10/-, 2 steers £5 7/6, 2 do. £3, 2 cows 32/-, 1 heifer £5 5/-, and 1 do. £2 10/-. J. E. Watson and Co., Ltd., sold 49 fat lambs 26/6, 36 do. 28/-, 110 do. 27/-, 40 fat ewes 13/-, 30 do. 13/6, 20 do. 15/-, 135 2-tooth ewes 23/3, 161 do. 38/2, 54 do. 29/6, 92 4, 6 and 8-tooth ewes 25/-, 154 s.m. ewes 28/6, 50 wether lambs 20/6, 290 do. 19/6, 65 f. and f. ewes 23/9, 50 ewes 8/-, 47 do. 4/-, 61 do. 20/-, 48 ewe lambs 28/-, 98 do. 26/9, 22 do. 22/6. Cattle.— One fat cow £5 15/-, and 1 do. £5 12/6. Wright, Stephenson and Co., Ltd., sold 373 ewes 31/-, 42 do. 7/9, 53 do. 10/-, 67 do. 13/1, 24 do. 5/6, 182 do. 14/-, 24. do. 14/6, 47 do. 15/3, 31 do. 6/-, 97 do 20/-, 124 do. 31/-, 114 do. 25/4, 12 do. 18/6, 98 do. 20/6, 150 do. 8/9, 42 do. 10/3, 109 do. 15/9, 118 do. 9/-, 51 do. 20/6, 85 do. 12/-, 223 do. 20/1, 66 do. 20/-, 50 s.m. ewes 26/7, 79 2-tooth ewes 37/6, 30 do. 35/6, 34 do. 38/4, 70 wethers 28/-, 48 do. 28/1, 56 do. 27/-, 1 do. 25/-, 59 do. 26/8, 50 do. 25/-, 35 do. 24/9, 142 lambs 17/6, 22 do. 23/-, 154 do. 22/-, 90 do. 22/-, 142 do. 21/11, 78 m.s. lambs 14/11, 94 do. 20/9, 34 do. 20/1, 43 do. 10/6, 207 ewe lambs 30/2, 174 do. 24/11, 111 do 24/6, 64 do. 18/7, 120 wether lambs 17/6, 139 do. 18/8, 46 do. 14/-, 56 fat lambs 29/-, 118 do. 26/9. Cattle.—One fat cow £6, 1 fat heifer £6 10/-, 5 cows £3, 1 bull £5, 6 steers £6, Ido. £5, 5 cows and calves £5 5/-, 5 heifers £2 7/6, and 5 steers £4 10/-.

CANTERBURY MARKETS. Christchurch, March 27. The oats market continues firm and further sales have been made to London. A grade Gartons are firm at 3/9 for spread delivery April-September, but few parcels are offering by forward sellers. Wheat is reported firm at late rates, but very little actual business is being done. Autumn business in seeds is practically at a close. Orders from the North Island are few, and the majority are for small quantities. Prices for all lines are unchanged. There has been a further decline of five shillings a ton in the quotations for potatoes, indicating that the demand from the North Island has been supplied. The bulk of the growers are now inclined to stop digging until prices improve. It is estimated that by the end of this month about 2000 will have been stopped, an extraordinary quantity so comparatively early in the season. For prompt delivery £4 10/- per ton is quoted; for April delivery £4 to £4 5/-, and May-June £3 15/-. For peas there is an inquiry from Lonlon, and to-day’s price is 6/- on trucks, for prompt shipment, and 5/9 for April delivery. Onions show a decline of 10/- per ton and are quoted at £5 to £5 10/- for immediate delivery.

THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, March 27. Sales on ’Change: Commercial Bank of Australia 27/10; Bank of New Zealand 59/9 (two sales) ; Union Bank of Australia £l4 12/6; New Zealand Insurance 40/9; Devonport. Ferry 24/9; Northern Steamship (cont.) 7/2; Kauri Timber 23/-; Hill and Plummer 23/-; Waihi 11/- (two sales); Ohinemuri 7/-. Wellington, March 27. Sale on ’Change:—P. and O. deferred stock £33. Sales reported:—sj per cent. stock (1935) £lOO 5/1; Union Bank £l4 13/-; P. and O. deferred stock £233. Christchurch, March 27. Sales on ’Change: Commercial Bank of Australia 28/-; Commercial Bank of Sydney £26 15/- (2 parcels) ; Union Bank £l4 13/6; New Zealand Refrigerating (£1 paid), 16/- (2 parcels); Christchurch Gas (7/6 paid) 9/-; British Tobacco (cum. div.) 40/(2 parcels) ; Victoria Nyanza Sugar 49/3. Sales reported: National Bank of Australasia (£5 paid) £8 17/6; New Zealand Refrigerating (cont.) 7/10; Christchurch City 5 per cent. (1952) £9l. Dunedin, March 26. Sales reported: Westport Stockton (ord.) 1/10; New Zealand Insurance 40/9. WHEAT CARGOES. (By Telegraph—Press Assn—Copyright.) (Rec. 7.50 p.m.) London, March 26. Wheat: Cargoes are dull and inactive, and mostly 3d to 6d down. Parcels failed to attract attention and are easier at 52/9. Liverpool Futures: March 10/3, May 10/4|, July 10/6.—A. and N.Z. METAL MARKET. (Rec. 8.35 p.m.) London, March 26. Copper: Spot £6l 8/li; forward £6l 9/lj. Electrolytic: Spot £66 10/-; forward £67. Wire Bars: £67. Lead: Spot £2O 10/-; forward £2O 2/6. Spelter: Spot £25 3/9; forward £25 1/3. Tin: Spot £239 12/6; forward £238 17/6. Silver: Standard 26 7-16 d; fine 28 5-16 d per ounce.—A. and N.Z. LONDON WOOL SALES. London, March 26. At the wool sales 10,132 bales were sold, of which 4301 were Australian and 5171 New Zealand. ’There was a good selection of greasy several good parcels of best style slipes, and a miscellaneous offering of Merinos. There was good general competition at full rates. New Zealand “Kra,” top price 25|d, average 24d; Pararapu, 24d and 21d; Lansdowne, 294 d and 29d; Bungaree, 29d and 28£d. At Bradford there was a slack market and less confident tone. Quotations are maintained.—A. and N.Z. GRAIN REPORT. Messrs Donald Reid and Co., Ltd., Dunedin, report as under:— Oats.—Samples are arriving slowly and very few sales have been recorded in this district. Merchants are offering shipping values, but farmers are not inclined to accept. Northern growers are selling at shipping rates so merchants are not inclined to increase their offers. We quote, A Gartons 2/11, B grade 2/7, sacks extra, on truck, country stations. Wheat.—Local millers are displaying little interest in the samples offering and apart from a few lines sold to country mills little business is passing. Canterbury wheat is also not offering so freely. Forward sold lines are coming forward to the mills and millers consequently have plenty to interest

them at present. Tuscan is worth 5/6, Hunters 5/9, and Velvet 6/6 on truck, country stations, sacks extra. Chaff.—Prime quality is in short supply, and any trucks arriving meet with a ready sale. Medium and inferior are harder to sell and these lines are put into store and sold as occasion offers. We quote, prime £5 5/-, sacks extra, ex truck, Dunedin. Potatoes. —Digging is not yet general, and consignments arrive slowly. Values have been very uncertain, but prices are bound to ease once digging commences in earnest. We quote best tables £6 5/- sacks in, ex truck, Dunedin. GRAIN AND PRODUCE REPORT. Messrs Dalgety and Company, Ltd., Dunedin, report as follows: — Oats.—The better demand for this cereal recorded in our last report has unfortunately not been maintained. Our quotations did not allow for any business to be done with the Old Country and we cannot look for much until there is a reduction in freight when general cargoes become short. Samples are now arriving more freely and some nice heavy lines have been seen from the Heriot and Central Otago districts, although the former are somewhat dark in colour and for this reason may have some difficulty in grading. Nominal values are:—A Gartons 2/10 on trucks, country sidings, sacks extra. B Gartons 2/7 on trucks, country sidings, sacks extra. Wheat.—Millers have now bought sufficient supplies to carry them over meantime and are only making bids for choice lines offering. Velvet is the only variety that is causing any competition and this is very animated. Values are Tuscan 5/6, with the usual increase for Hunters and Velvet. There is an inquiry for good, whole fowl wheat at up to 6/2 ex store. Potatoes.—Digging has eased during the week and this has shown its effect on the local market, the town being fairly bare of supplies. With the harvest nearing an end the digging of main crops should soon be in full swing. In the meantime growers are disinclined to sell forward and on the other hand the market is very uncertain and merchants are not keen to operate in this direction. Blight is prevalent in some of the earlier crops and these have to be disposed of without delay. Good sound tubers are fetching from £5 15/- to £6 ex truck. Chaff.—Consignments have been on the light side, but the demand is confined to local feeders and the consumption is not great. Best quality is realizing £5 5/ex truck, with medium and inferior grades slow of sale. LONDON MARKETS. The Department of Agriculture has received the following cablegram dated the 24th instant from the High Commissioner for New Zealand, London:— Tallow: Market quiet but more demand at auction. Present spot quotations:— Mutton: Fine 44/- to 45/- per cwt; fair to good 37/6 to 39/6 per cwt; dark to dull 35/6 to 36/- per cwt. Beef: Sweet and/or mixed 38/- to 41/per cwt; fair to good 36/- to 38/- per cwt; dark to dull 35/- per cwt. Mixed: Fair to good 35/6 to 37/6 per cwt; dark to dull 34/- to 35/- per cwt. Gut, etc: 33/6 to 35/9 per cwt. Hemp: Manila market firmer on better demand and absence of sellers. “J” grade March/May shipment quoted £3B buyers. Sisal: Market'steady and business has been done in No. 1 afloat at £36 5/- to £37 according to marks. March-May shipments quoted sellers £36 10/- buyers £36. No. 2 afloat and close at hand sold £34 10/- to £35; distant neglected. New Zealand: Little more business has been done in highpoints at £3l 15/- to £32 and fair £29 10/- for March-May shipment, but no general inquiry. Nominal closing values are: Highpoints £3l 10/-, fair £29 5/- to £29 10/-, common £2B to £2B 10/-; tow, second grade £2O, third grade £lB 10/- to £l9. Apples: Ex Tainui arriving at the market this morning and Northumberland due to-morrow. Will make report next week. Wool: Sales continue with brisk demand and values well maintained for all descriptions. DAIRY PRODUCE. Messrs A. S. Paterson and Co., Ltd., Dunedin, advise having received from their London principals, Messrs J. and J. Lonsdale and Co., Ltd, dated 26th inst: —Butter: Market slow 172/-. Cheese: Market steady 99/-, 100/-.