COMMERCIAL

Southland Times, Issue 21000, 5 February 1930, Page 3

COMMERCIAL

WALLACETOWN STOCK SALE. . FAT STOCK PRICES MAINTAINED. There were good yardings in all sections at the Wallacetown stock sales yesterday, but as competition was good and prices, compared with late rates, maintained, the sale was considered a good one. There was a good attendance of buyers and only occasional passings were recorded. The yardings for yesterday’s sale and the last sale were: —

Included in yesterday’s yarding were 1171 fat lambs, 3 vealers, 2 bulls and 3 cows. FAT SHEEP: The yarding was much smaller than the previous week’s total and consisted chiefly of fat lambs, prices for which were quite firm at last sale’s rates, while in many cases prime quality showed a small advance. A few pens of exceptionally prime wethers were forward, hut they did not meet with a good sale, values being slightly easier compared with last week. A fairly large yarding of fat ewes came forward and these met with a keen demand up to freezing limits, prices being firm at those ruling at the last sale. A few pens of prime and heavy sorts were purchased by butchers at values in excess of freezing limits. Practically the whole yarding was cleared at auction and the sale must be considered a sound one except for prime heavy wethers which appeared to be cheap compared with last week’s rates. Extra prime wethers realized up to 29/6; medium weights from 27/- to 28/-; lighter sorts and freezing wethers from 23/- to 25/6; prime butchers’ ewes up to 21/-; medium weights and freezing lines from 16/- to 18/-; lighter sorts down to 14/6; prime butchers’ lambs up to 13/6; good freezing lambs 24/6 to 26/-; lighter sorts from 20/6 to 22/6. FAT CATTLE: The entry was a small one, ■ comprising 87 head of fair quality. The sale opened at a slight reduction on values for the last sale, but improved as it advanced and firmed up to last day’s prices, a few lines showing an improvement. Prime bullocks brought up to £l5 15/-; medium sorts from £ll 10/- to £l3 10/-; lighter sorts down to £lO 10/-. Prime cows realized up to £11; medium weights from £7 10/- to £8 10/-; lighter sorts down to £6 10/-; prime heifers to £lO 10/-; medium £8 10/- to £9 10/-. Lighter sorts, down to £7. Vealers brought from 25/to £2 10/-.

STORE CATTLE: A medium yarding was offered before a poor attendance which resulted in a slightly easier sale. Forward conditioned 2 J to 3-year-old bullocks realized from £lO 10/- to £ll 5/-; medium 2-year-olds £8 to £8 10/-; Hereford yearling steers £5 7/6; a small line of mixedbred yearlings, mostly steers £4 17/6; this season’s steer calves £2. Forward conditioned empty cows of which there were only a few offering realized from £6 to £7 10/-.

STORE SHEEP: The yarding was the largest to date this season, 80 per cent, of which were lambs, also a pen or two of wethers and 2-tooth ewes. All the lambs were sold, and prices were considerably lower than has been the case for a long time past. Vendors, however, seemed quite disposed to'meet the conditions, due, no doubt to the lack of green feed. Very forward conditioned wether lambs made as much as 18/3; good medium lambs of mixed sexes sold at 14/- to 15/6, and small lambs of mixed sexes 9/6 to 11/7. A nice line of station 4 and 6-tooth wethers were passed in at 22/6, whilst a line of medium quality Romney 2-tooth ewes were sold at 25/9. McNAB STOCK SALE. ' A SMALL OFFERING. The stock market continues to be slack, and offerings are much smaller than at the same period last year. Comparatively few pens were on offer at the fortnightly sale at McNab yesterday and the attendance of district farmers was small. Only two small lots of fat sheep were forward, a line of well-conditioned ewes realizing 22/-, and a pen of prime wethers selling at 27/-. The quality of the store yarding was very mixed and included a few inferior sorts. The inquiry was not keen, but on© or two lots passed at auction were afterwards disposed of privately. Sales were: — Southland Farmers’ Co-operative Association, Ltd.: 13 fat ewes at 22/-; 18 fat wethers at 27/-; 79 store m.s. lambs at 13/8; 13 cull m.s. lambs at 7/-; 8 cull ewes at 3/-; 40 store wethers at 20/-. National Mortgage and Agency Co.: 59 store wethers at 22/6; 68 m.s. lambs at 17/6, sold in conjunction with the Southland Farmers’ Co-operative Association. A line of 131 store wethers offered in conjunction with Henderson, Reid Ltd., was passed at 22/-. Cattle. Southland Farmers’ Co-operative Association, Ltd.: One medium-weight steer at £l3; 2 light do. at £9 7/6; 2 do. at £9 7/6; 2 medium-weight steers passed at £l3 10/-; 1 bull at £5; 6 store steers passed at £9 5/-. National Mortgage and Agency Co., Ltd.: Two fat cows passed at £7; 3 store steers and two heifers at £4 17/6. Wright, Stephenson and Co., Ltd.: Two fat cows passed at £8; 1 bull passed at £5 15/-; 5 store steers at £6 16/-. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, February 4. Sales cm ’Change: Inscribed Stock, 1939, 4i per cent. £99 5/-; War Bonds, 1939, 4 i per cent. £99 5/-; Commercial Bank of Australia (late sale Monday), 22/6; ditto rights 1/3, 1/6; Bank of New South Wales (late sale Monday) Melbourne register £3B 8/6; Auckland Gas 23/8 (2), 23/6; British Tobacco 40/6; Electrolytic Zinc (ord.) 30/-. Wellington, February 4. Sales reported: J. Staples and Co. £2 10/-; Wellington Gas Co. (ord.) £1 10/6; Union Bank of Australia- £lO 18/-. (2); Commercial Bank 'of Australia 1/3 and 1/5; New Zealand Government 51 per cent. Stock, 1933, £9B. Christchurch, February 4. Sales on ’Change: Bank of New South Wales (cum. div.) £3B 5/-; Union Bank of Australia £11; Christchurch Gas (ex div.) 26/-; Booth MacDonald (pref.) 3/-; British Tobacco 41/3; Mt. Lyell 35/3; Mahakipawa 3d. Sales reported: Bank of New Zealand 54/9; Union Bank of Australia £11; United Building Society 15/-; Staples Brewery 50/-, 50/4. Dunedin, February 4. Sale reported after last call: Milburn Lime and Cement 35/9. GRAIN REPORT. Messrs Donald Reid and Co., Ltd,, Dunedin, report as under:— Oats: There are very few oats left now in Dunedin. The market is quiet, and millers are waiting for the new season’s crop to be harvested. In the absence of offerings the prices quoted are purely nominal. A grade Gartons 3/3; B grade 3/-, sacks extra, on truck, country stations. ■ Wheat: Millers are marking time until the new crop arrives. This shows every appearance of being quite up to former years. In the meantime value to .fanners remains as follows: Tuscan 5/9; Hunters 6/-; Velvet 6/3, sacks extra, on truck. Fowl wheat is getting into short supply and values are imcreasing. Potatoes: These are arriving only in small quantities. The main crop will be dug later than usual this year. The crops on the whole are looking well, though blight is reported in some quarters. Value of best tables in small quantities is round about £8 10/- per sacks ha.

Chaff: The odd trucks arriving are ample to cope with the poor demand at present existing. Prime oaten sheaf alone is saleable, and values remain at £6 5/- sacks extra, ex truck, Dunedin. LONDON WOOL SALES. GOOD COMPETITION. (United Press Assn.—By Telegraph—Copyright.) (Rec. 5.5 p.m.) London, February 3. At the wool sales 10,284 bales were offered, including 3,869 New Zealand. There was a moderate selection of greasy and scoured Merinos, and a fair lot of greasy Crossbreds. The market was firm for all sorts, with good general competition at late rates. Withdrawals were few. New Zealand greasy crossbred E. and E.S. lid, average 104 d; Titi 12Jd to Hid; Tautane lljd to 114 d. The Bradford market is fairly firm, some business passing in’Merinos and an improving tone is apparent in crossbreds. Messrs Dalgety and Company, Limited, report having received the following advice from their head office, London, under date of February 3, 1930. Wool sales continue. Much improved spirit. Merinos generally 5 per cent, higher. Crossbred very firm, change, if any, is in favour of sellers. LONDON MARKETS. London, February 3. Tallow: Stocks 1,195, imports 392, deliveries 948. Tin: Visible supplies 28,783, on spot 1,547, afloat 2,510, deliveries 3,307. DAIRY PRODUCE MARKET. Messrs Joseph Nathan and Co., Ltd., Invercargill, advise receipt of the following cable dated February 4, from their London principals, Messrs Trengrouse and Nathan, London: — Butter: 154/-. Market quiet. Cheese: White 90/- to 91/-, coloured 88/to 89/-. Market steady. DAIRY RODUCE MARKETS. The South Island Dairy Association, Limited, has received the following market report from the New Zealand Produce Association, London: —■ Butter: Steadier. New Zealand 151/- to 154/-; Danish 172/- to 174/-. Cheese: Steady. White 90/- to 91/-; coloured 88/- to 89/-. DAIRY PRODUCE. The National Mortgage and Agency Co., Ltd., is in receipt of the following cable from Messrs A. J. Mills and Co., Ltd., London :— Butter: Market quiet. New Zealand finest 153/- to 154/-; New Zealand first grade 151/- to 152/-; Danish 168/- to 170/-; Australian salted 150/- to 152/-. Cheese: Market steady. Finest white 90/- to 91/-; first 90/-; finest coloured 88/- to 89/-; first 88/-.

Feb.4. Jan. 28. Store cattle .. . . .. 172 168 Fat cattle . .. 81 > 136 Store sheep .. . . .. 1083 310 Fat sheep .. .. . . .. 1848 2482