COMMERCIAL

Southland Times, Issue 20523, 27 June 1928, Page 2

COMMERCIAL

WALLACETOWN STOCK SALE. GOOD YARDING OF FAT STOCK. PRICES REMAIN STEADY. The heavy yardings in fat stock that have been experienced this season were stiD apparent at the fortnightly Wallacetown stock sale yesterday. This year, the large offerings of fat stock have continued much later than has been usual for many years, and this is attributed in some quarters to the good weather experienced, farmers in a number of cases being still able to get their stock fat off the grass. It is expected, however, that after next sale a considerable drop will be noticeable in the yarding and the period of small winter sales will be commenced. The demand at yesterday’s sale was keen, but the setting in of heavy rain during the afternoon affected the attendance of buyers and towards the end of the sale was inclined to drag. The last of the season’s fat lambs were in evidence and realized good prices although the quality was not on the average exceptional. Prices all round were about equal with those at the previous fixture, quality considered. The yarding as compared with that of a fortnight ago was as follows: June. June 26. 12 Store Cattle 76 103 Fat Cattle 209 201 Store Sheep 578 608 Fat Sheep 1961 1652 Fat Lambs 348 451 Yesterday’s yarding included 14 vealers and 19 dairy cows. STORE CATTLE: The yarding in this section was the smallest seen at Wallacetown for some time, the bulk consisting of empty cows. The sale, however, was quite a good one, the whole of the yarding being cleared at prices on a par with recent sales. Three-year-old steers realized up to £6 10/-; good conditioned empty cows £3 10/- to £4 10/-; lighter sorts from £2 5/- to £3; with boilers down to £l. There was only a small yarding of dairy cattle and any good factory calvers in good condition and which could be guaranteed realized from £7 to £lO 10/-. STORE SHEEP: There was also a small yarding in this section consisting chiefly of small lots of lambs of only medium quality which sold at prices on a par with recent sales. Average mixed sex hoggets in poor condition realized from 20/- to 22/-; medium ewe hoggets from 24/- to 26/6; good medium wether hoggets from 22/- to 23/6; with small cully lambs from 15/- to 17/3; and aged ewes from 10/- to 14/-. FAT CATTLE: The yarding of fat cat !e was only medium although slightly in excess of that of the previous sale. The demand for good quality beef was keen. There was a small yarding of vealers and these realized current rates. Extra prime bullocks realized up to £l4 10/-, medium weights from £lO 10/- to £l2, with lighter sorts down to £B. Extra prime heifers sold at up to £l2 10/-; medium weights from £8 to £ll 10/-; with lighter sorts down to £6. Extra prime cows realized up to £10; medium weights from £7 10/- to £lO 10/-; lighter sorts and boners from £3 15/- to £5. vealers realized from 25/- to £3, with runners to £4 17/6. FAT SHEEP AND LAMBS: The yarding was a large one and comprised some wellfinished sheep in both ewe and wether sections. The fat lamb yarding represented the last of the Season’s drafts and was of only medium quality. The demand was keen and prices were quite up to schedule especially in stock of freezing quality. Extra heavy wethers realized up to 50/-, good butchers’ wethers from 35/- to 40/-, and lighter sorts from 29/- to 32/-. Extra prime butchers’ ewes sold at up 40/-, good butchers’ ewes from 30/- to 35/-; good freezing ewes from 25/- to 33/-. Extra heavy butchers’ lambs realized up to 40/6; good freezing lambs from 30/- to 35A; medium sorts from 25/- to 29/-, with lijfii and aged sorts from 21/-. McNAB STOCK SALE. A SMALLER YARDING. There was a comparatively small entry of sheep at the fortnightly stock sale at McNab yesterday and the attendance of district farmers was also small. Most of the local butchers were present, however, and there was a fairly keen inquiry for the fat sheep offering. Prime wethers realized up to 39/9, with medium weights selling at 34/6. Fat ewes brought from 24/- to 28/3, according to condition. A line of 153 four and six-tooth wethers requiring a little more feed to fatten them off realized

32/6. One or two lines of lambs were forward, a line of medium mixed sex lambs bringing 24/7, and a line of store wether lambs being disposed of at 23/2. Sales were as follows:

Wright, Stephenson and Co., Ltd.: 12 4 and 6-th wethers at 34/6; 10 fat wethers at 39/9; 90 do. passed at 39/-; 8 store wethers passed at 26/- ; 65 s.m. ewes passed at 26/6; 80 s. and f.m. ewes passed at 26/-; 240 cull m.s. lambs passed at 16/6; 153 4 and 6-tooth wethers at 32/6. National Mortgage and Agency Co., Ltd.: 84 m.s. lambs at 24/7; 40 f. and f.m. ewes at 21/6; 37 f.m. ewes at 9/6; 42 f.m. ewes at 12/-. Southland Farmers’ Co-operative Association, Ltd.: 42 fat ewes at 28/3; 19 fat ewes at 27/-; 10 do. at 24/-. New Zealand Loan and Mercantile Agency Co., Ltd,: 36 wether lambs at 23/2. CATTLE. There was a fair entry of cattle including some exceptionally good quality steers and heifers yarded by Mr J. W. Byars, Waikaka and by Mr R. H. Gardyne, Waikaka. Heifers sold on account of the latter realized from £8 to £9 7/6, and a steer brought £l2. A very prime heifer sold on account of Mr Byars realized £l2 5/-, and prime steers from £ll 2/6 to £l4. Sales were as follows: Southland Farmers’ Co-operative Association, Ltd.: One fat heifer at £8; 1 fat steer at £l2; 1 do. at £9; 1 fat heifer at £l2 5/-; 2 fat steers at £l4; 3 do. at £ll 2/6; empty cow at £8 2/6; 1 do. at £8; 4 do. at £6 17/6; 4 steers and 1 heifer passed at £4 17/6; 1 calf passed at 37/6; 1 springing cow at £3; 3 do. at £2 10/-; 1 empty cow at £2. J. E. Watson and Co., Ltd.: 3 fat heifers at £9 7/6. Wright, Stephenson and Co., Ltd.: One cow and calf passed at £4; 1 springing cow passed at £7 10/-; 1 do. passed; 1 do. at £4 15/-. Dalgety and Co., Ltd.: 1 springing cow at £7 15/-. CANTERBURY MARKETS. POTATOES STILL FIRM. The quietness recorded in the market in the week-end report continues in cereal and seed lines, but hte week-end hardening has been maintained in the potato market. Prompts have been sold this week at £6 5/- a ton, f.0.b., s.i. Julys are mentioned at the same figure. There has been a fair amount of forward selling for July. At the present little digging is going on and supplies are confined mostly to small lots, apparently stocks growers have in their sheds. The Katoa is due to sail for Auckland to-day with approximately 5000 sacks as there is not another boat for a week. Onions are a shade easier. Local holders are now quitting as the onions will not keep very well at this late period of the season. Values on trucks are £9 10/- a ton. The cereal and seed markets are very quiet and there is no change in values since the week-end. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, June 26. Sales on ’Change: War Loan (1933) 54 per cent. £lOO 15/-; Inscribed Stock (192741*) 5j per cent. £9B 12/6; Inscribed Stock (1933) 54 per cent. £lOO 15/-; Milne and Choyce Debentures £99; National Bank of Australasia (cont.), £9 0/6; National Insurance 45/10; South British Insurance 60/-; Auckland Gas 23/4; British Tobacco 43/9; Wilson’s Cement 36/3. Wellington, June 26. Sales reported: Burns Philip and Co., Ltd. 44/3; Wilson’s Cement 36/44. Christchurch, June 26. Sales on ’Change: Australian Bank of Commerce 35/11; National Bank of Australasia (£5 paid), £9 3/-, £9 6/- (3 parcels) ; National Bank of New Zealand £7 5/- (2 parcels) ; National Insurance *l5/10; Howard Smith 28/2; Tooths Brewery 43/8; Mahakipawa 3/2, 3/6 (5 parcels), 3/7 (4 parcels), 4/6, 4/3 (2 parcels), 4/2, 4/- (4 parcels). Sales reported: National Bank of Australasia £9 0/6; New Zealand Breweries 41/6 (2 parcels) ; Mahakipawa 4/1 (2 parcels) ; 3/84, 4/6, 4/3 (2 parcels), 4/6 (2 parcels), 4/9; South British Insurance 60/-. Dunedin, June 26. Sales reported: British Tobacco 43/9 (2); National Bank of New Zealand £7 4/6, £7 4/9; Mount Lyell 32/10-4. GOOD PROFIT. CHRISTCHURCH ELECTRICITY DEPARTMENT. Christchurch, June 26. A gross profit of £2518 on the total revenue of £194,037 was made by the Municipal Electricity Department during the year ended on March 31 last. The maximum load in this period increased by 26 per cent from 8078 ka to 10,438 ka., this being partly due to freedom from restrictions and knowledge that an adequate supply as for the time being was available with the putting into operation of extensions at Lake Coleridge. The number of consumers showed a 6 per cent, increase from 26,438 to 28,024.