COMMERCIAL

Southland Times, Issue 21178, 3 September 1930, Page 2

COMMERCIAL

LORNEVILLE STOCK'SALE. FAT CATTLE MARKET WEAKER. FAT SHEEP VALUES IMPROVE. Increased entries were forward in all sections at the weekly Lorneyille stock sale which was held yesterday .in ideal spring weather conditions before- a'' large attendance. The fat cattle entry comprised about double that of the previous sale and the quality was considerably improved. The sale must be counted a good one although values, quality considered, scarcely maintained the rates ruling at (he previous sale and an easing of about 2/6 per lOOlbs in all good qualities took place.. The fat sheep entry comprised about 100 more than last , week and this number, was quite equal to local requirements. A northern buyer was present, but was unable to operate to any extent in fat sheep with the exception of a few of the better pens of wethers. The outside buyer’s presence, however, in the fat cattle market had the effect of stimulating values which would otherwise have been lower than actually was the case. The fat sheep sale compared favourably with that of the previous week. Prime ewes appreciated in value Io the extent of about 1/6 per head, while medium wethers were quite firm at last week’s rates. Store cattle comprised a small yarding and with the exception of dairy cows which included 67 head of all there was little of interest in the. market. A pen of exceptionally good condition steers realized £4 12/-. Store sheep were in the minority and nothing of much importance was offered. The yardings in the individual sections for the last two sales were as follows: — Sept. 2. Aug. 26.

dairy cows and two vealers. STORE CATTLE: This was a small entry, but there was a good demand with the result, that the few lots forward were disposed of at auction at prices on a par with recent sales. Good yearling steers realized £4 12/-, smaller lots £3 8/-, fresh conditioned empty heifers £5 to £5 10/-, empty cows (fresh condition) £3 15/- to £4 10/-. There was a large entry in the dairy section, but only good quality sorts of cows attracted any attention. These realized from £9 10/- to £l2, aged and inferior sorts being hard to dispose of at from £4 to £6. FAT CATTLE: The yarding was a large one comprising about double that of last sale and the quality, taken, all round, was particularly good and the best that has been forward for some time. The greater bulk of the yarding comprised good handyweight steers, but a fair proportion of‘wellfinished cows and heifers was forward. A small entry of vealers realized current rates. The market, though a good one, was decidedly weaker than last sale, quality considered, and a reduction of 2/6 per lOOlbs was effected. Extra prime bullocks realized up to £l6, medium weights from £l2 to £l4 10/-, lighter sorts down to £lO 10/-; extra prime heavy cows up to £l4, medium weights from £8 to £lO 10/-, lighter sorts down to £6 10/-; prime heifers up to £l3 5/-, medium weights from £9 to £ll 10/-, lighter sorts down to £7 10/-; vealers up to £3 12/6. STORE SHEEP: The majority of a medium entry consisted of two or three pens of hoggets, and the balance aged ewes. The demand was only fair, probably half the yarding being passed in at auction. Medium quality ewe hoggets were passed in at 16/-, while wether hoggets of similar quality were also passed in at 12/-; good aged ewes, in fair condition, made up to 14/-, with aged and inferior from 6/- to 8/6. FAT SHEEP: The yarding comprised about 100 more than last week’s sale, a few pens of good wethers being forward and also a nice entry of prime heavy butchers’ ewes. The bulk of the wethbr section was of medium and light-weight quality and the sale was quite firm at last week’s rates. Prime, ewes improved in value to the extent of 1/6 per head and heavy wethers showed some slight improvement. Extra prime wethers realized up to 32/6, medium weights from 24/- to 26/6, lighter, sorts down to 20/6; prime heavy ewes up to 25/-, medium weights from 18/- to 21/6, lighter sorts down to 11/6; prime lambs up to 22/6. McNAB STOCK SALE. A FAIR YARDING. There was a fair yarding of sheep and fat cattle at the fortnightly stock sale at McNab yesterday, which was held in fineweather. The attendance was up to that, of previous sales, but although . the bidding was not particularly keen very few lines were passed in at auction. Prices on the whole were down on previous sales. In the fat. sheep section two fat wethers brought 2,7/9, while a line of ten' two-tooth wethers and five maiden ewes realized 28/9. There was good bidding for this latter line, although buyers were prepared to reach the price only by degrees. An excellent pen of two-tooth ewes did not- nearly realize full value when they were knocked down at 22/6. The top price of 32/9 went to a line of five fat wethers, while a larger pen realized 24/3. While not. particularly satisfactory as regards prices, sellers were evidently prepared to let them go rather than pass them and risk vending at, later sales. A line of 300 ewes hoggets was, fair value at 20/10, though it took much auctioneering to get them to this price. There was very little forward in the fat cattle section. A fat steer brought £l2 10/-, while a fat cow was knocked down at £ll. Otherwise there was not a great deal in the offering, there being a fair inquiry for butchers’ requirements. The following were the sales:— New Zealand Loan and Mercantile Agency Co., Ltd.: —10 fat wethers 20/-, 2 do. 27/9. Wright, Stephenson and Co., Ltd.—Six fat wethers passed in at 18/-. Henderson and Reid.—Five fat wethers 32/9, 10 2-th wethers and 5 maiden ewes 28/9, 1 fat. steer £l2 10/-, 1 fat cow £6 10/-, 1 three-year-old heifer £6 5/-, 1 t.wo-year-old heifer £4 12/6, 1 fat bullock £l2 10/-, 1 cow £6 10/-. Southland Farmers’ Co-operative Association, Ltd.—Ten empty ewes 15/6, 27 fat wethers 24/3,. 300 ewes hoggets 20/10, 102 2-th ewes 22/6, 1 fat heifer £7 5/-, 1 bull £2, 1 cow £ll, 2 fat steers passed in at £6 5/-. National Mortgage and Agency Co., Ltd. — 140 2, 4 and 6-th wethers IS/-, 65 f.m. ewes 12/5, 130 f.'and f.m. 12/10. PROPER CARE AT CALVING TIME. When a dairyman finds he is losing by poor milk yields and cream tests, let him look to the drench he uses. Is it a tonic as well as a cleanser, as is SYKES’S DRENCH? Docs it merely cleanse, and in doing so, impoverish the animal’s blood, upon the state of which depends the yields and tests? Try SYKES’S DRENCH after calving, and you will learn the full earning power Of your herd. Sold everywhere, 1/6 pkt.; 17/- <lO2. THE SHAREMARKET.. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, September 2. Sales on ’Change: English, Scottish and Australian Bank £5 12/6; Bank of New South Wales £35 5/- (2); Bank of New Zealand 56/3; Union Bank £lO 8/-; Auckland Gas cont., (late sale Monday) 17/9; Colonial Sugar £33; Thames Theatre 13/-; Wilson’s Cement (late sale Monday), 40/-; Paddy’s'Point 2/9; Waihi Gold Mining 14/4.

Wellington, September 2. Sale on ’Change: Howard Smith and. Company 14/-. „ , , z. Sales reported: New Zealand Government 4J per cent. Bonds (1939) £lOO 5/-; National Insurance Co. 13/9; British Tobacco Company (ord.) £1 13/-; Taranaki Oil Company 2/-; Bank of New South Wales £35 2/6 (2 sales) ; Robinson’s Ice Cream Company £1 2/41; Wellington City 5J per cent. (1934) £9B 15/-; Australian Bank of Commerce £1 1/-; South British Insurance Company £2 17/3. Christchurch, September 2.

Sales on ’Change: Commercial Bank of Australia 19/7 (2) ; Bank of New Zealand 56/3 (2) ; New Zealand Breweries 49/-, 48/11, 48/10; British Tobacco 32/4, 32/3; Mt. Lyell 20/10, Mahakipawa 34d (7). Sales Reported: New Zealand Government 41 per cent. Inscribed (1938) (late sale Monday) £lOO 5/-; Australian Bank of Commerce 20/11; Commercial Bank ot Australia 19/9; English, Scottish and Australian Bank £5 12/3, £5 12/6; Bank of New South Wales £35 2/6, £35 5/-; Bank of New Zealand (late sale Monday i 56/3, Bank of New Zealand 56/3; New Zealand Farmers’ Co-op. 6* per cent, stock (1939) £75; New Zealand Insurance 42/6. GRAIN AND PRODUCE. Messrs Dalgety and Company, Limited, report as follows: — . Oats: Shipping quotations arc considerably lower than those obtaining some months ago, and merchants who have oats in local stores are holding them in the meantime. Practically none are being offered by farmers, but there appears to be ample supplies in merchants’ hands to suffice for local requirements. The nominal value to farmers to-day is 3/1 on trucks, for A’s and 2/11 for B’s on trucks. Wheat: Millers are drawing what supplies they still require from Canterbury stocks of Pool wheat. There can be very little milling wheat left unsold in Otago. Current values are: —Tuscan 5/10 on trucks, sacks extra; Hunters 6/-; Velvet 6/2. The demand for fowl wheat continues slow and at present there is no shortage of supplies. Sales are being made at up to 6/6 per bushel, ex store. Chaff: Stocks have come through the winter well and farmers are now more inclined to chaff their stacks. Consignments have been coming to hand freely from Central Otago and Southland, and the market is now well supplied. There is a steady demand for prime quality which is realizing up to £5 15/- per ton, ex truck, but inferior and medium quality, of which the market is over-supplied, is slow of sale at from £3 15/- to £5 per ton. Potatoes: The local market is now practically dependent on supplies from Canterbury,’ and the recent slump in shipping quotations there has resulted in an increase of consignments to this market. Locally stocks are not heavy, and merchants are buying only sparingly. Current value today for good tables is £4 2/6 per ton. Messrs Donald Reid and Co., Ltd., report as under: — Wheat: The local millers are still holding ample stocks and are not inquiring for lines held in store. It is anticipated that all the wheat in sight will be required before the new season’s crop is available. Fowl wheat is always more or less in demand and a shortage of this grade will probably occur before the season ends. Nominal values to farmers are Tuscan 5/10, Hunters 6/-, Velvet 6/2, sacks extra, on truck, country stations. Chaff: There is ample arriving to cope with a poor demand and a big quantity of medium and inferior chaff is now held in store. Best oaten sheaf is worth up to £5 15/- sacks extra, ex truck, Dunedin. Medium to £5 and inferior from £3 sacks extra, ex store, Dunedin. Oats: The only business passing is seed requirements, and a fair quantity is going out for this purpose. Merchants are still holding ample stocks in store with no immediate business in sight. They will probably have to sell at a loss unless some unlooked for demand arises. Nominal values to-day are A grade Gartons 3/1, B grade 2/11 sacks extra, on truck, farmers’ railway sidings. Potatoes: This market is iii a depressed condition and values are lower than has been the case'for many years. There appears to be plenty of potatoes in Canterbury and supplies are continually arriving there from. Best tables are worth up to £4 2/6, sacks in, ex truck, Dunedin. BRADFORD MARKET. London, September 1. Bradford is more cheerful. Merinos are firm, but only small business is passing. DAIRY PRODUCE. Messrs Joseph Nathan -and Co., Ltd., advise receipt of the following cable dated September 2, from Messrs Trcngrouse and Nathan, Ltd., London:— Butter: 127/-. Cheese: White 74/-, coloured 78/-. Both markets very quiet.

Store Cattle 110 79 Fat Cattle . 170 97 Store Sheep .. 470 386 Fat Sheep . 774 000 Included in yesterday’s sale were 07