COMMERCIAL

Southland Times, Issue 20786, 29 May 1929, Page 2

COMMERCIAL

WALLACETOWN STOCK SALE.

" . SMALL STORE YARDINGS.

IMPROVED MARKET FOR FAT

CATTLE.

A very marked decrease was to be noted at yesterday’s weekly Wallacetown stock sale in the entry of store stock. The season is rapidly drawing to a close and the only offerings were merely oddments of only medium -quality. The fat stock yardings are quite large, and while in the case of heavy wethers and ewes prices showed a slightly easier tendency, freezing ewes met a good demand and sold at rates fully up to those of a week ago. The quality of the fat lamb entry was not particularly good and the demand for poorer quality stuff was not good, but sales were effected at prices fully up to present schedule rates. Fat cattle met an improved market and sold well at higher rates than those ruling last week.

Following are the details of the yardings in the individual sections for the two last sales:—

Yesterday's yarding included 13 vealers and two dairy cows. STORE CATTLE: The entry in this section consisted merely of odd lots of not outstanding qualjty which sold at prices about on a par with the previous sale. FAT CATTLE: The yarding comprised just about half of that of last week, and the quality was only fair. A few pens of good bullocks were forward and these met with a keen sale as did any lines of good quality prime heifers and cows. Prices improved from 15/- to 20/- per head on last market and the sale throughout was a spirited one. Extra prime bullocks realized up to £lB 17/6, medium weights from £l3 to £l4 10/-, lighter sorts down to £10; extra prime heifers up to £l3 12/6, medium weights from £lO to £ll 10/-, lighter sorts down to £6; prime cows up to £lO 10/-, medium weights from £7 to £9, lighter weights down, to £6. There was a large yarding of vealers and the quality was particularly good, prices showing a slight improvement on last sale. Prices ranged from £2 10/- to £4 10/- for good sorts with runners up to £6 10/-. STORE SHEEP: This was the smallest yarding for a very considerable time and comprised various small lots and oddments. The sale was inclined to be dull and prices showed an easing as compared with recent markets. FAT SHEEP AND LAMBS: The yarding, for a week’s requirements, was a fairly full one, the fat lamb section being fully up to expectations. The quality in fat lambs with a few exceptions was only medium and the bulk of the pens contained some lambs that were not up to grading standard. A few pens of good wethers were forward, also a fair proportion of prime butchers’ ewes and in both these classes prices were slightly easier than at the fixture a week ago. Freezing ewes, of which there was a large number yarded, sold well and last week’s prices were fully maintained. The fat lamb prices in some cases appeared to be easier than at last sale, but in most cases, quality considered, values ranged fully up to present day schedules. Extra heavy wethers realized up to 38/6, medium weight butchers’ wethers from 31/- to 34/-, lighter sorts down to 27/-; prime butchers’ ewes up to 30/-, medium weights from 23/- to 24/6; freezing ewes from 17/- to 22/-, according to weight and quality. Extra heavy butchers’ lambs up to 37/-, good freezing lambs from 28/- to 31/-, lighter sorts down to 25/-. IMPORTANT TO ALL FARMERS. For efficient and economical service please read Important Notice on this page to-day. —(Advt.) Wanganui. While at Bluff she discharged 200 tons of northern cargo and loaded a similar amount. TARANAKI TO SAIL. The Shaw, Savill and Albion- Company's motor vessel Taranaki completed loading the Bluff portion of her refrigerated and general cargo for United Kingdom ports last evening and is scheduled to sail at 5 a.m. to-day for Port Chalmers, Timaru, Lyttelton, Wellington, Gisborne and Auckland to complete her New Zealand cargo. THE STEAMER ORETI. The small wooden steamer Oreti, which was sold by public auction last Friday under instructions from the Admiralty Marshal, was purchased by Mr. W. H. Whitaker, as agent for Messrs. Milne and Reese, of Wellington, states the Otago Daily Times. No definite arrangements have yet been made regarding the future movements of the Oreti, but she is likely to occupy her present idle berth at the Kitchener street wharf for several weeks. TELEGRAPHED REPORTS. COASTAL AND OVERSEAS. (Per United Press Association.) Auckland, May 28. Sailed: —Golden Cross 9.25 a.m. for Honolulu; Wirral 12.45 p.m. for Port Alma. Wellington, May 28. Arrived:—'Maheno 7.25 a.m. from Lyttelton; Ulimaroa 9 a.m. from Sydney; Storm 11.15 a.m. from Lyttelton; Opihi 12.30 p.m. from Greymouth; Canadian Britisher 6.25 from Timaru; Kaponga 7.40 from Melbourne. Sailed:—Kaitangata 3.30 p.m. for Lyttelton ; Kanna 4.30 p.m. for Greymouth; Storm 5.20 p.m. for Picton; Putiki 8 p.m. for Napier; Maheno 8 p.m. for Lyttelton; Cygnet 9 p.m. for Kaikoura; Kurow 9 p.m. for Auckland. Lyttelton, May 28. Arrived: —Holmdale 5.50 a.m. from Wellington ; Wahine 6.45 a.m. from Wellington; Gale 6.50 a.m. from Timaru; Wingatui 12.30 p.m. from Timaru; Makd 3 p.m. from Wellington. SailedI—Benholm 1 —Benholm 1.5 p.m. for Wellington ; Port Victor 2.5 p.m. for Picton; Holmdale 4.25 p.m. for Wellington; Gale 4.30 p.m. for Wellington; Norfolk 4.35 p.m. for Wellington; Paua 5.15 p.m. for Wellington ; Wahine 8.35 p.m. for Wellington. Dunedin, May 28. Sailed: —Matakana 4.30 p.m. for Timaru.

McNAB STOCK SALE. A SMALL ENTRY. (From Our Correspondent.) Entries of sheep at Eastern District stock sales are now beginning to fall off considerably and at the fortnightly sale at McNab yesterday comparatively few lines were on offer. There was a fair attendance of district farmers, but most of these are now stocked up, and apart from a good inquiry for ewe lambs and a steady, demand for fat sheep on the part of the local butchers, the market is very quiet. At yesterday’s sale the quality of the fat sheep was not very high, only an odd lot being well finished. Fat wethers realized from 30/for medium quality up to 34/- for fairly prime sorts. A single exceptionally prime ewe realized 31/6, but the remainder of the offering was of ordinary quality. Among the stores there was little inquiry for anything except ewe lambs. These realized up to 28/10 this price being obtained by the Southland Fanners’ Co-operative Association for a line offered on account of Mr E. Casey, East Chatton, and purchased by Mr E. Dodds, Otama. Other lines realized from .26/- to 26/6. Sales were:— Wright, Stephenson and Co., Ltd.: 32 fat- ewes at 13/6; 150 s.m. ewes passed at 24/-; 34 fat ewes at 18/-; 6 fat wethers at 34/-. National Mortgage and Agency Co., Ltd.: 50 ewe lambs at 25/6; 41 f. and fan. ewes at 19/-; 3 store wethers at 24/6; 1 fat ewe at 31/6; 54 4, 6 and 8-tooth ewes at 28/6. Passed: 101 4, 6 and 8-th ewes at 26/6; 6 fat wethers at 34/-; and 28 ewe lamte at 25/-. Southland Farmers’ Co-operative Association, Ltd.: 6 fat ewes at 20/3; 4 fat wethers at 30/6; 24 ewe lambs at 26/6; 15 fat wethers at 31/9; 1 fat. ewe at. 23/-; 141 wether lambs at 20/2; 57 do. at 25/-; 97 ewe lambs at 28/10; 12 fat ewes at 19/3. Cattle. Wright, Stephenson and Co., Ltd.:One store cow at £5; 1 dairy heifer at £5; 1 cow at £5; 1 do. at £3. Southland Fanners’ Co-operative Association, Ltd.: 1 fat heifer at £4 15/-; 1 fat cow at £5 15/-. CANTERBURY MARKETS. NO CHANGE IN VALUES. Christchurch, May 28. There is no change in the values of produce. There was a suggestion of an easing in the potato market, but Auckland is doing business in impending consignments at fully late local rates. The Wingatui tubers leaving to-night and the Kaiwara’s' on Friday, have sold at £5 7/6. Potatoes arriving in Auckland by the Waipiata were sold at £7 5/- ex wharf, equal to £5 12/6 here, which shows 5/- a case advance. The business in potatoes has been very heavy and on paper there should be enough tubers going north on this week’s boats to last the northern city for some weeks. However, a good deal of the business has “gone round” and cancellations have been so heavy that little more than a normal consignment will go forward. It is considered that the Wingatui’s cargo will not exceed 7000 sacks exclusive of two or three thousand lifted from Timaru. Farmers are not selling and it is stated that since deliveries have been impressed to fill up one or two merchants’ consignments for this month, the best of the market is fairly certain to come next month. Most of the forward business will then have been dealt with and with farmers “sitting tight,” the question of the quantity of potatoes about will be more easily judged. It has been considered that supplies going north this year are well in arrears of those recorded for last season which was a big year. However, detailed figures do not show such to be the case as the following record of despatches (sacks) from Lyttelton shows:— 1928. 1929 May 26. May 25. Auckland 54,489 32,092 Wellington 19,209 26,710 Napier-Gisborne .. .. 3,06 1 5,650 West Coast, N.I. .. 10.504 14,183 West Coast, S.I. .. 3,056 2,303 Totals 90,319 80,938 The onion market has weakened. From £3 15/- to £4 a ton is quoted. The season is getting on and onions arc not keeping very well. No difference in prices is to be recorded in the grain and small seeds market. METAL MARKET. (United Press Assn.—By Telegraph—Copyright.) (Rec. 4.30 p.m.) London, May 27. Copper: Standard spot £72 11/3; forward £72 1/3. Electrolytic: Spot £B4; forward £B4 10/-. Wire Bars: £B4 10/-. Lead: Spot £23 13/9; forward £23 8/9. Spelter: Spot £26 18/2; forward £29 10/-. Tin: Spot £196 3/9; forward £199 2/6. Silver: 24? d, 26Jd per ounce. —Australian Press Association. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, May 28. Sales on ’Change: Bank of New South Wales (ex div.) £5l 10/-; Bank of New Zealand 62/9; National Insurance 16/3; New Zealand Insurance 47/-, 47/3; Grey Valley Coal 23/-; Pukemiro Collieries 62/-; Northern Steam Ship 14/-; New Zealand Breweries’ Shares 68/6; Booth Macdonald (ord.) 1/3; Electrolytic Zinc (ord.) 36/3; New Zealand Farmers’ Fertilizer 21/9; Lucky Shot (4/- paid), 1/6; Occidental Una United (2/- paid), sld. Wellington, May 28. Sales on ’Change: New Zealand Guarantee Corporation 9/1; New Zealand Breweries 69/3. Sales reported: Union Bank £l5 16/-; Kauri Timber 20/3; Staples and Co. 47/8. Christchurch, May 28. Sales on ’Change: New Zealand Breweries (bonds) 26/6; Commonwealth Bank of Australia 30/3 (5. parcels) ; Bank of New Zealand 62/7; National Insurance 16/2 (6 parcels); New Zealand Refrigerating (10/paid) 7/4, 7/3; New Zealand Breweries 68/- (2 parcels), 68/1, 68/1; Staples Brewery 48/- (2 parcels) ; Australian Iron and 'Steel (pref.) 21/8; British Tobacco 49/6 (6 parcels); Kauri Timber 20/6; Whitcombe and Tombs 82/3; Mabakipawa lOd; Winding Creek (6d paid) 1/01, 1/01; Hud-dart-Parker 45/7. Sales reported: Australian Bank of Commerce 36/10 (2); Christchurch Gas 27/6; New Zealand Breweries 69/3, 68/6 (3 parcels), 68/3; Staples Brewery 47/9; British Tobacco 49/6, 49/9 (2 parcels); New Zealand Breweries 68/- (3 parcels) ; Goldsbrough Mort 51/-; Union Bank £l5 15/(2). Dunedin, May 28. Sale on ’Change: New Zealand Breweries’ Shares 68/-. Sales reported: Bank of New South Wales £52 (cum. div.); New Zealand Breweries’ Shares 68/-; National Insurance 16/3; Electrolytic Zinc (ord.) 36/3 (two), pref. 37/3.

May 28. May 21. Store Cattle .. 130 Fat Cattle .. .. .. .. 109 226 Store Sheep .. .. .. 316 1464 Fat Sheep .. .. .. .. -1258 1384 Fat Lambs .. .. .... 472 1139