COMMERCIAL

Southland Times, Issue 21196, 24 September 1930, Page 3

COMMERCIAL

LORNEVILLE STOCK SALE. FAT CATTLE IN DEMAND. EASING IN FAT SH&EP. VALUES. • ■ There were smaller entries in all sections excepting fat sheep at the weekly Lorneville stock sale yesterday when there was a full attendance of buyers including several outside representatives. The fat cattle entry was of good quality and values were firm at last week’s rates with no diminution in prices as the sale progressed. Fat sheep were in excess, of supply and sales were difficult to effect, prices actually showing a fairly decided easing. There was a representative entry of store cattle and values remained about on a par with last week’s prices. There was only a medium entry of store sheep, prices being similar to current country markets. Following are the yardings in the individual sections for the last two sales: —

Included in yesterday’s yarding were 25 dairy cows. STORE CATTLE: The entry in this section was the most representative that has been forward for some weeks, despite the fact that the numbers were smaller than a week ago. A line of 40 rising two-year-old speyed heifers provided the main attraction, the balance of the yarding consisting of empty cows and a few mixed yearlings and two-year-old steers?. The demand was hot bright, and the two-year-old heifers which were of mixed colours and not too well grown, were passed in, at £5 15/-. Good fresh conditioned empty cows realized from £5 10/- to £6 5/- with medium sorts from £4 to £4 15/-. Two-year-old steers of > medium quality made up to £6 5/- with yearlings of poor quality at £2 10/-. There was a small yarding in the dairy section and included nothing of outstanding quality. The demand was quite good with medium sorts making from £7 10/- to £9 and aged to late calvers from £5 to £6 10/-. FAT CATTLE: There was only a small yarding of fat cattle, the offering being iittle more than half of that of a week ago. The entry included some good quality beef,' both in steers and in cows and heifers. The sale opened firm at last week’s rates, and throughout competition was keen, the supply being barely up to local requirements. Extra prime heavy bullocks realized up to £l9, medium weights from £ll 10/- to £l4 10/-; lighter sorts down to £lO 10/-; prime heavy cows, up to £l2, medium weights from £8 10/- to £lO 10/-, lighter sorts down to £7 10/-; prime heavy heifers up to £ll 15/-, medium weights from £9 to £ll, lighter sorts from £7 10/-. STORE SHEEP: This was only a small yarding, and the main entry was a line of 2-tooth ewes, medium in size and condition, which were passed in at £1 6/-. A similar pen of inferior 2-tooth were disposed of at 15/-, while a pen of aged and inferior ewes realized 4/8. These prices were similar to those obtainable at’ country sales. FAT SHEEP: There was a fairly considerable increase in the numbers forward in this section and the. quality, taken all round, was good, several pens of prime heavy wethers being forward; also a fair quota of good butchers’ ewes. The sale was dull throughout, prices easing considerably compared with those ruling last week. Butchers’ requirements were small and had it not been for the presence of some outside buyers sales would have been difficult to effect. Even at the low values vendors in most cases seemed prepared to sell with the result that the bulk of the offering was disposed of either at auction or privately. Medium and unfinished lines suffered to the greatest extent, and in many cases were sold at what appeared to be sacrifice values. Extra prime heavy wethers realized up to 32/-, medium weights from 23/- to 25/-, lighter sorts down to 20/-, extra prime heavy butchers’ ewes up to 25/6, medium weights from 18/- to 22/6, lighter sorts down to 10/6, prime lambs sold up to 17/6. GORE STOCK SALE. A FAIR YARDING. There was a fair yarding of sheep and fat cattle at the fortnightly stock sale which was held at Gore yesterday in fine weather conditions. Prices were much on a par with recent sales, though butchers’ lines of fat sheep showed a slight upward trend. Fat wethers brought from 17/- to 30/6, while good prime sorts realized in the vicinity of 28/-. A line of good woolled ewe hoggets sold for 16/6 and taken all in all the inquiry for this class of sheep was not good. Scarcely any breeding ewes were forward, but these realized ayerage prices. Some exceptional lines of fat cattle were forward, these meeting with a good inquiry. Good prime bullocks were knocked down at £l6 5/- and £l2 17/6, others realizing down to £9 2/6. Fat cows brought from £5 to £ll 17/6. Sales were as follows:— Dalgety and Co., Ltd.: 124 ewe hoggets 16/6; 106 wether hoggets 11/6; 1 fat bullock £l6 5/-; 1 do. £l6 5/-; 1 do. £l2 17/6; 1 fat cow £5; 1 do. passed in at £7. Southland Farmers’ Co-op., Ltd.: 34 fat wethers 28/9; 23 fat ewes 15/3; 40 ewe hoggets 12/10; 1 fat cow £9; 1 do. £6 12/6; 1 do. £ll 17/6; 1 fat bullock £9 2/6; 7 forward steers £lO 1/-. National Mortgage and Agency Co., Ltd.: 19 fat wethers 21/6; 16- fat wethers 17/9 ; 154 f: and f.m. ewes 17/2; 51 wether hoggets 12/-; 71 ewe hoggets 16/6; 35 mixed sex hoggets 9/8; l.fat cow £9 10/-; 1 do.. £6 12/6; 1 dairy cow £9; 1 bull £5 10/-. Wright, Stephenson and Co.,*Ltd.: 31 fat wethers 28/9. Henderson, Reid: 4 fat wethers 30/6. New Zealand Loan and Mercantile Agency Co., Ltd.: 56 fat wethers 27/-; 25 do. passed in 21/-. PROPER CARE AT CALVING TIME. When a dairyman finds he is losing by poor milk yields and. cream testa, let him look to the drench he uses. Is it a tonic as well as a cleanser, as is SYKES’S DRENCH? Does 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.; 11/j doz. CANTERBURY MARKETS. BUSINESS EXTREMELY QUIET. Christchurch, September 23. Business on the local grain and-produce markets is still extremely quiet, small lots of potatoes and a little chaff being practically. all that farmers have’ to sell. The present is generally looked upon as what is termed the dead season of the year. Last week there were shipped from Lyttelton 10,566 sacks of potatoes for Auckland, 2659 for Wellington, 1355 for Napier and Gisborne and 951 for the,West Coast of the North‘lsland. To-day, the potato market was a little easier than it was at the week-end, but nominally the value was quoted at £3 a toh on- trucks for immediate delivery. The Waimarino was expected to leave Lyttelton' to-night with approximately 4000 sacks for Auckland and she had on board 2881 sacks from Timaru. The Wingatui arrived at Auckland on Friday last with 9000 sacks. The Karetu will be the last boat this month, to take potatoes from Lyttelton for Auckland. i - Most over-sellers have now covered their requirements and . the season is nearly finished. There is very little demand for seed. potatoes, but this does not indicate anything as many growers do not come on the market for seed, but exchange with one another.

THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, September 23. Sales on ’Change: Commercial Bank of Australia 16/3 (2); Bank of New South Wales £3l 5/-; Bank of New Zealand 55/-; Australian Glass 25/-; British Tobacco 31/3; Kempthorne Prosser 59/6; Waihi Grand Junction 2/-. Wellington, September 23. Sales reported: Union Bank of Australia £9 15/6; Bank of Australasia £ll 2/6 cum. div.; British, Tobacco Co (ord.), £1 11/9, cum. div.; National Bank of New Zealand £5 10/-. Christchurch, September 23. Sales on ’Change: Australian Bank of Commerce 18/9 (2), 18/8; Bank of New South Wales £3l; British Tobacco (cum. div.) 31/6 (2); New Zealand Breweries 46/6; Mahakipawa sd; Okarito 7/-. Sales reported: Australian Bank of Commerce 18/8; New Zealand Refrigerating (£1 paid) 8/6; Staples’ Brewery 40/- (2), 40/9; British Tobacco 31/6 (cum. div.). Dunedin, September 23. Sale reported: National Electric 9/3. LONDON WOOL SALES. London, September 22. At the" wool sales 10,310 bales offered, including 1783 from New Zealand, and approximately 4590 were sold. There was a good selection of scoured Merinos with a fair offering of New Zealand sorts. Steady competition resulted and prices were maintained. New Zealand crossbred, “Waiau’’ realized 84d and 71d. At Bradford business is restricted, and prices are lower. LONDON WHEAT CARGOES. London, September 22. Wheat cargoes generally show a decline of threepence. Parcels are neglected at threepence lower. Futures: DecemberFebruary 29/4; Liverpool, October 6/5 to 5/8, December 6/4s, March 6/6s, May 6/7 J per bushel. THE METAL MARKET. (Rec. 7.35 p.m.) London, September 22. Metal exchange quotations are as follows, those previously cabled given for purposes of. comparison:—

Sept. 23. 112 Sept. 16. 147 Fat Cattle .. . . .. .. 93 160 Store Sheep .. .. .. 477 624 Fat Shtep .. . 1062 849

Sept 15 Sept. 22. (per ton) (per ton) Copper— £ s. d. £ s d. Standard spot 47 0 44 11 10J do. forward 46 IS 9 45 13 ij Electrolytic 50 0 0 49 0 0 to ■ 51 10 0 50 0 0 Wire bars .. 51 10 0 50 0 0 lead— •Spot 18 3 9 17 15 7i (Forward . .. IS 2 6 17 12 6 Shelter— (Spot '15 IS 9 15 17 8n (Forward 16 7 6 15 17 6 Tin— (Spot .... .. 133 IS 9 132 1 3 (Forward 135 8 9 133 13 9 Slver—(Fine, per oz .. Standard, per oz 16 13-16d 184d 17d 18§d