COMMERCIAL

Southland Times, Issue 20661, 17 April 1929, Page 2

COMMERCIAL

WALLACETOWN STOCK SALE.

DECREASED YARDINGS. GOOD MARKET FOR FAT LAMBS. The yardings in the various sections at the weekly Wallacetown stock sale yesterday were smaller than those of a week ago, when there was a double entry in all sections, but were of normal proportions. The market was a varying one, and while fat lambs met a keen demand, fat cattle were not greatly sought after. Fat lambs were not forward in large numbers and, as a result, buyers operated keenly and prices quite up to schedule rates, if not a little above, ruled. There was not a great deal of attractive stock forward in the store sheep section, but the demand was fair and the sale must have been satisfactory to vendors. Fat sheep were of fair quality and prices were good. Store cattle sold well and realized good prices. The fat cattle sale was considered to be one of the poorest of the season, and passings were very frequent. Following is a comparison of the individual sections for the last two sales:—

Included in yesterday’s yarding were 24 rams, eight vealers, seven dairy cows and one bull. STORE CATTLE: This section consisted of a pen of fat and forward condition threeand four-year-old bullocks, a pen of three-year-old Hereford bullocks, a pen or two of empty cows and the balance oddments. Practically the whole of the yarding was diposed of at auction, and in view of the fat cattle value ruling the sale must be considered a very good one. The pen of forward bullocks realized £l2 2/6, the Herefords £lO 13/-, two-and-a-half-year-old bullocks £8 5/-, well-bred 18-months steers £7, medium bred 18-months steers £5 15/- to £6 5/-, good fresh condition empty cows £5 5/- to £5 15/-, medium sorts £4 to £4 10/-, aged and inferior sorts down to £2, good well-bred empty heifers £5 10/- to £6, younger and medium sorts £3 to £3 10/-.

FAT CATTLE: The entry in this section showed a decrease in numbers as compared with the previous sale, but the quality was much the same. The sale was probably the poorest held this season, and passings were more frequent than sales, and but for the fact that a number of graziers were operating very little would have been sold at all. Good medium heavy-weight oxen were passed in at up to £l5, while medium weights realized from £ll to £l2 10/-, light and unfinished sorts £9 10/- to £lO 10/-; prime heifers £S 10/- to £9 10/-, medium weights £7 to £S: heavy cows £8 to £9, medium sorts £6 15/- to £7 10/-, unfinished sorts £5 10/- to £6 8/-. There were only a few vealers entered and the demand was poor. Good steer runners realized up to £4 2/6 to £4 10/-, and vealers from £2 to £2 10/-. STORE SHEEP: This section was also lighter in numbers than the previous sale, consisting almost entirely of aged ewes with a sprinkling of lambs. The sale was a really good one, and practically the whole of the yarding was disposed of at auction. Fresh condition ewes with teeth realized 16/- to 18/-, broken mouthed ewes from 12/- to 14/-, (>oorcr condition and aged sorts 9/- to 10/6, old and inferior lots down to 4/-; forward condition wether lambs 21/-, lighter condition sorts 18/- to 19/-, medium sorts 14/6 to 16/-, medium quality ewe lambs 23/- to 24/1. FAT SHEEP AND LAMBS: The yarding in this section was a small one as compared with last week, but contained a fair proportion of good quality. A very small entry of wethers was forward, the bulk of which were prime and sold well at a slight increase on last sale. The heavier part of the yarding was comprised of ewes including some pens of exceptionally prime quality. Good freezing ewes appeared to be in keener demand than at last sale, but for extra heavy sorts the demand was not keen and these sold round about 25/-. The fat lamb yarding was not a large one, but the quality was good and may be classed as above the average. Prices showed a hardening tendency and in most cases considerably exceeded the per head values of a week ago. Extra prime wethers sold up to .36/6, medium weights from 31/- to 33/6, lighter sorts down to 27/- and 28/-; extra heavy ewes up to 26/6, medium weights from 18/- to 21/-, lighter sorts down to 16/- and 17/6. prime butchers’ lambs up to 31/-, good freezing lambs 27/to 29/-, lighter sorts down to 25/6. McNAB STOCK SALE. A RECORD ENTRY. EXCELLENT SHEEP SALE. (From Our Correspondent.) The entry of sheep at the fortnightly stock sale at McNab yesterday probably constituted a record for the yards, there being insufficient pens to accommodate all the stock coming forward. The quality of the sheep throughout was also particularly good and this fact, together with the exceptionally large attendance of farmers from all parts of the Eastern District and elsewhere, was probably largely responsible for the market showing a very buoyant tendency. The sale was the best, held this season and there was a good demand for all classes. This was particularly noticeable in the sale of young sheep. The price of 41/- obtained by Messrs J. E. Watson and Co., Ltd., for a line of fine two-tooths offered on account of the well-known breeder, Mr E. France, Benio, and purchased byMr J. Fortune, Mandeville, constituted a record for the season. Another line of bigframed and wcll-woollcd two-tooths offered by the Southland Farmers’ Co-operative Association, Ltd., on account of Messrs Stark Bros, realized 39/7, and were purchased by W. McKenzie, East Chatfon. Lines of medium quality- realized from 34/- to 36/-, with small sorts from 30/- to 33/6. Lincs of 4, 6 and 8-looth ewes also met with a very keen demand, and the prices obtained for these showed a substantial increase on recent market rates. Exceptional qualityrealized from 30/- to 33/-, good 26/- to 29/-, and medium 24/- to 26/-. Lines of good full and failing-mouth sheep met with a ready sale, those with practically soundmouths bringing from 2/- to 3/- per head more than at the previous sales. Comparatively few ewe lambs were on offer, but fair to good quality brought from 24/- to 26/7, while lines of mixed sex lambs brought from 23/- to 24/- for fairly wellgrown sorts. There was not a very large entry of fats, but wethers sold well at from 29/- for medium weights up to 35/6 for prime quality. Fat ewes brought from 21/to 26/- according to size and condition. A large number of rams were on. offer, but there was not a very keen inquiry for any but the better quality of which, however, there were few on offer. Sales were:—

Wright, Stephenson and Co., Ltd.: One fat wether at 34/-; 1 do. at 31/-; 8 do. at 33/-; 1 fat ewe at 23/-; 1 do. at 21/-; 16 store wethers passed at 20/6; 150 two-tooth ewes at 35/6; 40 small do. at 29/9; 98 store wether lambs at 14/9; 50 f. and f.m. ewes at 25/-; 25 do. at 19/6; 70 f.m. ewes at 14/6; 105 do. at 10/3; 89 2, 4, 6 and 8-th ewes at 23/-; 150 wether lambs at 20/9; 170 ewe lambs at 24/6; 120 f. and f.m. ewes passed at 18/-; 2 1-shear Romney rams at 4gns; 2 do. at 3?gns; 2 4-shear do. at 35/-; 1 do. at 25/-; 3 do. at 32/6; 3 do. at 30/-; 1 3-shear Romney ram at 3gns; 1 1-shear do. at 24gns; 1 do. at 2}gns. Southland Farmers’ Co-operative Association, Ltd.: 12 s.m. ewes at 28/-; 4 fat ewes at 19/6; 2 wethers at 25/9; 7 fat wethere at 33/6; 27 fat ewes at 21/-; 7 fat wethers at 35/6; 2 fat ewes at 24/-; 72 two-tooth ewes at 36/-; 30 fat ewes at 21/6; 1 fat wether at 30/-; 12 cull ewes at 7/-;.25 cull wether lambs at 15/7; 25 ewe lambs at 22/4; 70 f. and f. wether lambs at 15/7; 25 ewe lambs at 22/4; 70 I. and f.m. ewes at 23/6; 60 do. at

21/-; 38 f.m. ewes at 15/3; 73 8-tooth ewes passed at 24/-; 53 two-tooth ewes at 39/7; 51 4, 6 and 8-tooth ewes at 33/7; 60 8-th ewes at 21/-; 30 f. and f.m. ewes at 19/7; 53 two-tooth ewes at 34/6; 47 f.m. ewes at 12/-; 180 two-tooth ewes at 36/-; 50 f. and f.m. ewes at 17/6; 120 6 and 8-th ewes at 29/-; 109 do. at 23/7; 200 do. at 25/-; 90 m.s. lambs at 24/1; 162 f.m. ewes at 12/9; 41 2,4, 6 and 8-th ewes at 33/4; 40 2-th ewes at 34/-; 32 store wether lambs at 17/3; 314 do. at 20/-; 30 f.m. ewes at 15/6; 11 do. at 13/6; 99 two-tooth ewes at 36/6; 1 Lshcar Romney ram at 54gns; 2 do. passed at 4}gns; 1 2-shear Corriedale ram at Signs; 1 1-shear do. at Ign; 1 do. at 22gns; 1 3-shear do. passed at 21gns; 1 do. passed at 2gns; 1 3-shear Romney ram at 7}gns.

National Mortgage and Agency Co., Ltd.: 20 fat ewes at 24/3; 25 fat wethers passed at 29/-; 2 fat wethers at 33/9; 6 do. at 28/-; 1 fat ewe at 26/-; 18 do. at 21/3; 44 cull ewes at 8/-; 20 do. at 9/-; 10 m.s. lambs at 23/6; 58 two-tooth ewes passed at 33/10; 106 ewe lambs at 26/8; 181 4-th ewes at 35/3; 180 4 and 6-tooth ewes at 36/-; 111 two-tooth ewes at 34/1; 73 do. at 34/7; 73 wether lambs at 21/9; 115 6 and S-th ewes at 28/2; 160 two-tooth ewes passed at 35/-; 150 f. and f.m. ewes passed at 19/6; 40 cull ewes at 9/3; 47 f. and f.m. ewes at 20/4; 4 1-shear Romney rams at 4?gns; 2 do. at 3gns; 1 at 14gns; 1 at ljgns; 2 3-shear do. passed at 2gns; 1 2-shear do. passed at 2}gns; 1 4-shear do. at llgns; 1 3-shear Border Leicester ram at 24gns; 2 4-shear do. at llgns. J. E. Watson and Co., Ltd.: 20 fat ewes at 22/-; 25 wethers at 26/-; 70 f.m. ewes at 15/-; 61 do. at 19/6; 51 two-tooth ewes at 34/-; 140 s. and f.m. ewes at 26/-; 12 f. and f.m. lives at 17/-; 82 s. and f.m. ewes at 25/9; 140 two-tooth ewes at 41/-; 2 1-shear Romney rams at 44gns; 2 do. at Signs; 1 aged ram at 2}gns; 2 l-shear do. at’ 4}gns; 2 do. at 2<gns; 2 1-shear Corriedale rams at Signs; 1 2-shear Romney ram at Signs. New Zealand Loan and Mercantile Agency Co., Ltd.: Six fat. ewes at 20/-; 28 two-tooth ewes at 29/3; 70 guaranteed s.m. ewes passed at 27/-; 141 f.m. ewes at 14/6; 6 1-shear Romney rams at 3gns; 2 do. at 2gns; 4 do. at 6gns; 2 do. at. 2gns. Dalgety and Co., Ltd.: Four fat ewes at 22/6; 8 fat wethers at 34/-; 70 f. and f.m. ewes passed at 17/-; 76 s. and f.m. ewes at 25/9; 1 3-shear Corriedale ram at Signs; 1 4-shcar do. at 2gns. Cattle. There was a large entry of cattle, the yarding including some good quality cow and heifer beef. These met with a fair inquiry, fat cows selling at from £6 12/6 to £9 17/6; and heifers from £6 10/- to £lO 15/-, according to condition. Sales were:— Dalgety and Co., Ltd.: One empty cow at £9. Southland Farmers’ Co-operative Association, Ltd.: One empty heifer at £lO 2/6; 1 steer at £11; 2 empty cows passed at £9 15/-; 1 empty heifer at £lO 15/-; 1 do. at £8 12/6; 3 store cows at £4 5/-; 2 empty heifers at £5; 6 store steers at. .£5 10/-. Wright, Stephenson and Co., Ltd.: One empty heifer at £lO 7/6; 1 do. at £9 5/-; 1 empty cow at £9 17/6; 1 do. passed at £7; 2 store steers at £5.

National Mortgage and Agency Co., Ltd.: Two empty cows at £8; 2 do. passed at £5 10/-; 1 do. at £6 10/-; 1 at £6; 10 store cows passed at £4 7/6. J. E. 'Watson and Co., Ltd.: Two empty heifers at £8 15/-; 2 do. at £7 7/6; 2 do. at £6 10/-; 2 do. at £4 15/-; 2 empty cows at £6 12/6; 1 store steer at £7 7/6. New Zealand Ixjan and Mercantile Agency Co., Ltd.: Two store steers at £6; 4 yearlings at £3 5/-.

WOOL AND SKIN SALE. (From Our Correspondent.) Mr John Lilico reports that, the usual wool and skin sale was held at Winton on Monday.. All the principal buying firms in Southland were represented, and competition was very keen, prices being fully up to those of last sale. In the case of rabbitskins the market a considerable advance on late prices. Following was the range of prices: Halfbred fleece 16d; crossbred fleece 13)d to 14d; crutchings, good 9 .Id to lOd. ordinary 8d to 9d; freshly killed skins 4/6 to 6/11 each; dried skins 91d to lljd; fuli-woolled skins 13Jd; lambskins 12d; rabbitskins 32d to 49d per pound; fat 21/9 per cwt. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, April 16. Sales on ’Change: Franklin Power Board Debentures (1961) 5} per cent. £lO2 10/-; Inscribed Stock (1933) 5$ per cent. £lOl 5/-; New Zealand Breweries’ Debentures 26/5; Bank of New South Wales £5l 5/-; Westport-Stockton Coal 3/-; HuddartParker 45/-; Northern Steam Ship (cont.) 7/1; New Zealand Breweries 62/9; Electrolytic Zinc 35/3; Milne and Choyce (debenture stock) 26/-, 26/-; Ohinemuri Gold and Silver 8/5; Waihi 13/8. Wellington, April 16.

Sales reported: Gear Meat (2 parcels) 43/-; Kauri Timber (2 parcels) 17/7; 51 per cent. Stock (1936) £lOl 12/6; National Insurance 16/6; Wellington Wollen (ord.) £7 5/-; Sharland and Company (2 parcels) 22/3. Christchurch, April 16. Sales on ’Change: New Zealand Government 44 per cent. Inscribed (1938) £lOO (3 parcels); 51 per cent. Inscribed (1932) £99 7/6; Tolaga Bay 6 per cent. (1948) £lO3 4/-; Commercial Bank of Sydney £27 15/-; National Bank of New Zealand £7 1/9; Goldsbrough Mort 53/9 (4 parcels); Staples Brewerv 45/9; British Tobacco 47/11 (3 parcels), 47/10; Mt. Lyell 44/2 (3 parcels); Mahakipawa 1/1 (3 parcels). Sales reported: New Zealand Government 5J per cent. Inscribed (1932) £99 7/6; Wellington Woollen (ord.) £7 5/6; New Zealand Government 44 per cent. Inscribed (1938), £lOO. Dunedin, April 16. Sale on 'Change: Mount Lyell 43/9. Sales reported: Commercial Bank 29/9; New Zealand Farmers’ Fertilizer 21/6, 21/74.

April IG.April 9. Store Cattle .. . . .. 106 102 Fat Cat tle .. . .. 117 207 Store Sheep .. . . .. 1619 260.3 Fat. Sheep .. .. 790 2246 Fat Lambs .. .. .. .. 207 291