COMMERCIAL

Southland Times, Issue 21220, 22 October 1930, Page 3

COMMERCIAL

LORNEVILLE STOCK SALE.

FAT STOCK IN DEMAND.

CATTLE AND SHEEP PRICES IMPROVE.

Yardings in all sections except fat sheep showed reductions in comparison to the preyious week at the Lorneville stock sale held yesterday. Despite most unfavourable weather conditions, there was a good attendance of buyers and the presence and operations of a northern buyer assisted in fully maintaining current ‘‘market values. The increased yarding of fat sheep was probably due to the good values ruling a week ago and the market showed no falling off in the demand. Several pens were secured by a northern operator and the sale generally was a very keen one with values showing a slight improvement. The presence of outsiders in the cattle sale also assisted materially towards a hardening tendency and prices showed a definite rise, although not to a very great extent. The market for fat stock is now very firm and the offerings appear to be only just sufficient to meet the demand. The store section, however, showed less animation and in the case of cattle, a fair proportion of the entry failed to find purchasers at auction. Prices for both sheep and cattle were about equal to recent rates with not a great deal of business being done.

The following •is a comparison of the entries in the individual sections for the last two sales:—

Included in yesterday's yarding were 10 fat lambs and 44 dairy cows. STORE CATTLE: The entry in this section was comprised chiefly of yearlings, young steers, a large offering of dairy cows with the remainder made up of empty cows and heifers. The quality, except for the yearlings, was very ordinary. Quite a portion of the yarding was passed in at auction, and prices showed practically no change on the recent sale. Hereford yearlings of medium size realized £4 10/-; eighteen months and two-year steers up to £6 15/-; good fresh-conditioned empty cows £5 to £l5; aged and poorer sorts down to £3. There was a big entry of dairy cows, but the quality was very poor except for a few good springing heifers. Some of these which were extra good realized from £8 to £9 10/-, with medium sorts from £5 to £6 10/-.

FAT CATTLE: The entry was only slightly below that of a week ago, but the quality was not up to the standard that has been a feature of recent sales and with the exception of a few outstanding bullocks, cows and heifers; the majority of the offering comprised unfinished sorts. There was a keen demand and prices showed a distinct advance estimated to approach £1 per head, this being accounted for by the shortage of really good cattle and the operations of several outside buyers. Extra prime bullocks realized from £l7 10/- to £lB 12/6, medium weights from £l5 to £l6 10/-, lighter sorts from £l3 to £l4; prime heavy cows from £l4 to £l6 2/6, medium weights from £ll 10/- to £l3, light and unfinished sorts from £8 10/- to £10; extra prime heavy heifers up to £l7 10/-, prime sorts from £l2 to £l4, lighter sorts from £9 10/- to £ll.

STORE SHEEP: The entry was only a small one consisting chiefly of ewes and lambs with several lines of good ewe and wether hoggets. The ewes and lambs realized 7/-, 8/1 and 9/- and the hoggets were passed in. FAT SHEEP: In comparison with the unusually small entry of a week ago, the offering was more than double in numbers. The yarding included some exceptionally good quality wethers and the market maintained an improved tone, the operations of a northern buyer helping considerably in this respect. Extra prime wethers sold up to 34/-, medium weights from 27/- to 29/-, light and unfinished sorts down to' 23/-. Prime heavy ewes sold from 24/- to 26/. with medium weights down to 23/-.

GORE STOCK SALE.

Y'ESTERDAY’S YARDING. A cold westerly wind, accompanied by heavy showers, comprised the weather conditions for the bi-monthly stock sale held in the Gore Corporation yards yesterday. While the yarding and attendance were limited, the inquiry throughout was well sustained, and the trend of values in respect to the sheep section remained about on a par with late market rates. About equal proportions of stores and fats were submitted, butchers making the competition for the latter classes, with the result that all but one pen' of fat ewes changed hands. Wethers, mostly prime heavy-sorts, made up the bulk of the offering, and were acquired at from 24/- to 28/6, while light and unfinished sorts made down to 14/-. A few lines of hoggets and a pen of ewes and lambs comprised the store entry. While no accurate comparison of values could be made under the circumstances, the prices received in most cases were about in accord with recent district sales. A fairly sound inquiry was evident throughout and a complete clearance was effected. Several pens of prime well-finished bullocks in the cattle section provided a centre of attraction for local butchers, who made the competition. Top lines realized from £l3 5/- to £l4 15/-, the latter figure being secured by the New Zealand Loan and Mercantile Agency Co., Ltd., for a heavy bullock, which was purchased by Mr R. L. Reid (Gore). Other medium weight sorts changed hands at from £9 10/- upwards.

A few dairy cows only were forward in the store pens, these meeting a ready sale at figures approaching late rates. The following were the sales:— Henderson, Reid, Ltd.: 20 fat wethers 24/6. New Zealand Loan and Mercantile Agency Co., Ltd.: 20 fat wethers 27/9, fat bullocks £l4 7/6, £l3 12/6, £l4 15/-, £l4 12/6, £l3 5/-. J. E. YVatson and Co., Ltd.: 22 fat wethers 28/6. Passed in: 7 fat ewes 7/6, dairy cows £6. National Mortgage and Agency Co., Ltd.: Dairy cows £8 15/- and £6 10/-. Wright, Stephenson and Co., Ltd.: 20 fat wethers 24/-, 13 do. 25/9, 22 do. 24/6, 162 wether hoggets 9/6, fat bullocks £ll 5/-, do. £lO 15/-, do. £9 10/-, dairy cow £7. Southland Farmers’ Co-operative Association, Ltd.: 12 fat wethers 26/3, 40 do. 14/-, 144 wether hoggets 11/9, 32 ewes and 22 lambs 10/3 (all counted).

CAKE OF THE COW. Never let the cow suffer with Boro Teats or hard and inflamed Udder. When such trouble develops, the improved treatment, SYKES’S ANIMOL, should be used. SYKES’S ANIMOL is a scientifically based preparation formulated to destroy bacterial growth; a prevention, and an antiseptic soothing healer for Sore Teats, Udders, Cow Pox, etc. It quickly allays any local inflammation, and stimulates a healthy action of the skin. SYKES’S ANiMOL is sold everywhere at 1/6 per J-lb. tin. ' THE SHAREMARKET. YESTERDAY'S TRANSACTIONS. (Per United Press Association.) Auckland, October 21. Sales on ’Change: Union Bank £lO 2/6 ,(late sale Monday), £9 18/- (3) ; South British Insurance 56/-; Goldsbrough Mort 21/3; Electrolytic. Zinc (pref.) 18/3; Mahakipawa 71d.

Wellington, October 21

Sales reported: Palmerston North Borough 6 per cent. (1944) £lOl 5/-; Rangitikei County Council 6 per cent. (1964) £lOl 5/- (2); Bank of New South Wales £33 15/- (2), £33 10/-; Bank of New Zealand £2 14/3 (2); Goldsbrough Mort and Co. £1 1/9; YVellington Trust and Loan £7; National Bank of Australasia (£5) £6 5/-; National Insurance Company 14/2; Toohey’s Brewery 16/9 and 16/6; Electrolytic Zinc (pref.) 18/6 (4); Mount Lyell Mining 19/3 (4) ; Commercial Bank of Australia (ord.) 18/3 and 18/-; Colonial‘Sugar Company £3l 5/-; Taranaki Oil 3/-. Christchurch, October 21.

Sales on 'Change: Christchurch Drainage Board 5J per cent. (1971) £100; Commercial Bank of Australia 18/1, 17/6; 17/5; Union Bank of Australia £lO, £lO 1/-; Goldsbrough Mort 21/3; Dalgety and Co. £8 10/-; New Zealand Breweries 45/3 (2), 45/-, 45/3; Tooth’s Brewery 22/4; British Tobacco 32/11 (2), 32/9; Colonial Sugar £3l 5/-; Mt. Lyell 18/3, 18/2; Mahakipawa 71d (4), Bd. Sales reported: Commercial Bank of Australia (pref.) £6 13/-; E.S. and A. Bank £5 11/9; National Bank of Australasia (£lO paid) £l2 15/- (2) ; Goldsbrough Mort 21/6; Mount Lyell 18/5; Bank of New Zealand 54/6; New Zealand Insurance 41/9. Dunedin, October 21.

Sale on ’Change: Okarito 6/9. Sales reported: Union Bank £lO 2/-, £lO 1/6; National Insurance 14/4; E.S. and A. Bank £5 13/-.

AUSTRALIAN WHEAT.

LOWEST PRICE FOR 30 YEARS.

Sydney, October 21

The first delivery of the new season’s wheat was made at Manilla, near Tamworth. The price realized was 3/5 per bushel, the lowest for over 30 years and equal to about 3/- in Sydney. LONDON FROZEN MEAT MARKET. The New Zealand Meat Producers’ Board has received the following cable from its London office, dated October 17, advising that the following are the approximate average prices realized for the week, based on actual transactions of wholesale quantities of the descriptions of meat mentioned and are for representative parcels of the goods offering during the week, being for business done on the basis of delivered to Smithfield market and/or ex London stores:—-

(Prices for the previous week are also shown).

New' Zealand Lamb Market: Slightly easier. Warm weather lessening consumption of all meat. '■ New Zealand Mutton Market: Wethers remain firm at unaltered prices. Ewes slightly easier. New Zealand Porker Pigs: Weaker owing to heavier supplies of Home killed. New Zealand Baconer Pigs: Nominal prices as Continental bacon is still selling at extremely low prices.

LONDON MARKETS. The Department of Agriculture has received the following cablegram, dated 18th instant, from the High Commissioner for New Zealand, London:— Tallow: No auction this week. Spot market quiet at about quotations already given last week with a little weakness in South American forward shipments. Hemp: Manila market firmer on good inquiry and reserve of sellers. “J” grade October shipment sold up to £24, November/January shipment quoted £24 sellers. Sisal: Market steadier on the basis of £2l 10/-, value for Fair Average quality October/December shipments. Good marks £22, No. 2 15/- less.

New Zealand: Little inquiry and small business has been done in Fair October/ December shipment at £2l 10/-. Tow: Second grade £l5, other values unchanged. Stocks of New Zealand, hemp in London at September 30, 38 tons against 80 tons at same time last year. Eggs: Market improving and prices have advanced. Better inquiry on account of the decrease in Continental arrivals. Present quotations are:—English National Mark 26/- to 28/-; English ordinary pack 20/- to 26/-; Danish 16/6 to 17/6; South African 12/9 to 16/-; Australian 13/6 to 15/-.

Wool: Bradford market cautious. New business in tops and yarns mainly confined to Merino and finer Crossbred to meet immediate needs. Quality irregular. BRADFORD MARKETS. London, October 20. At Bradford Merinos maintained their quotations, but the business is small. There is nothing doing in crossbreds.

Oct. 21. Oct. 14.. Store Cattle .. , 136 198 Fat. Cattle .. . . .. 103 124 Store Sheep .. ' , .. .. 432 50S Fat Sheep .. . ... 535 218

(Per lb.) 17/10/30. 10/10/30. d. d. N.Z. Sheep, Canterbury and North Island selected crossbred wethers and maiden ewes— 481b to -561b 5 A 571b to 641b 5?r D-V 651b to 721b 51481b to 561b 5 4’ 5'r 571b to 641b 5 J 51 651b to 721b □ 1 5.1 Ewes— 481b to 641b 3031 651b to 721b 3} 3 J N.Z. Lambs, Canterbury — 361b and under 8 J 81 371b to 421b 8S 81 431b to 501b 80 81 Second quality, average 331b 70 7 i Other South Island brands— 361b and under SC 81 371b to 421b 80 81 431b to 501b 8 SO Including Downs, selected North Island brands— 361b and under 81 80 371b to 421b 81 81 431b to 501b 80 8.1 Second quality, average 311b 74 7s Other N.I. brands, first quality— 361b and under 8 8 Second quality, average 311b 71 70 Argentine Lamb, first quality— 361b and under 61 61 371b to 421b 61 6.1 Argentine Chilled Beef— . Ox fores 4} 41 Ox hinds .. .. 70 Australian Frozen Beef— Ox crops, over 1001bOx hinds, over 1601b .. .. .. 4} 4 J51 5-A N.Z. Prime Porker Pigs— 601b to 1001b 81 9 1011b to 1201b 71 8 N.Z. Prime Baconer Pigs— 1211b to 1801b 61 6}