COMMERCIAL

Southland Times, Issue 21265, 11 December 1930, Page 3

COMMERCIAL

ADDINGTON MARKET. FALL IN VALUES. STORE SHEEP SATISFACTORY. The weekly market at Addington to-day was remarkable for a general decline in values in practically all the major sections of the market. That for store sheep was the principal exception. Store Sheep: The entry of store sheep was smaller than it has been for some weeks and the sale was fairly satisfactory. The entry consisted in the main of wethers which sold at rates which were a little above those ruling at the last auction. Ewes and lambs sold at late rates, but there was no spirited competition. Values were: Good 4 and 6-tooth Romney . wethers 14/6, ordinary 2,4, 6 and 8-tooth halfbred wethers 8/to 10/10, small and backward sorts 4/6 to 7/10, small 4-Uoth Corriedale wethers to 7/10, good ewes and lambs (all counted) to 14/3, medium sorts to 11/3, backward and ordinary sorts 3/6 to 6/-, medium 4 and 6-tooth Romney ewes to 14/1, backward 4, 6 and 8-tooth halfbred ewes to 5/9.

Fat Lambs: The entry of fat-lambs was almost double that at the last sale —1,600 head. The sale was a dragging one and the prices recorded a substantial .drop. All classes recorded a decline of 2/6 a head an'd the average price per pound, over the whole market, was 61d to 6}d. Values were: Extra prime lambs to 25/10, prime lambs 20/6 to 23/-, medium lambs 18/6 to 20/- and light lambs 15/- to 18/-. Fat Sheep: The entry of fat sheep was 4,800 head, as compared with 3,300 head at the last market. The sale was not as spirited as last week and there was an easing in values for both classes. For lighter sorts this was not so pronounced, being about 1/- a head, but for heavy types the decrease in value was up to 2/- a head. Values were: Extra prime heavy wethers to 27/10, prime heavy wethers 23/6 to 26/-, medium weight prime wethers 19/- to 22/6, second quality wethers 14/6 to 18/-, inferior wethers 11/- to 14/-, extra prime ewes to 20/11, prime ewes 18/- to 20/-, medium ewes 15/6 to 17/6, light ewes 12/- to 15/and aged and inferior ewes 9/6 to 11/6. Fat Cattle: The entry of fat cattle was 493 head. There was a sharp decline in values throughout. The entry was of a poor general standard, there being a preponderance of secondary and unfinished sorts and cows comprised the major portion of the offering. The decline was £1 10/- a head for all classes and as much as £2 a head for secondary and cow beef. The sale closed very weak. Best medium weight beef made from 38/- to 41/- per lOOlbs, heavy beef made from 33/- to 37/-. cow beef from 30/- to 35/-, secondary beef from 27/6 to 29/6 and rough down to 21/-. Values were: Extra prime heavy steers £l9 17/6, prime heavy steers £l6 to £lB, prime medium weight steers £l2 10/- to £l5 10/-, medium quality steers £9 10/- to £l2, light steers £6 10/- to £9, extra prime heifers £l7 17/6, prime heifer.-: £lO to £l2, medium heifers £7 10/- to £9 10/-, light heifers £5 to £7, extra prime cows £l4 17/6, prime cows £9 10/- to £ll 10/-, medium cows £6 10/- to £9, light and aged cows £4 10/- to £6. Vealers: There was a large entry of vealers of a mixed quality, many of the entries being more suitable for the store section. The demand was lifeless. Values again dropped in sympathy with the other lines. Values were: Best runners to £4 15/-, medium runners £2 15/- to £3 10/-, best calves 35/- to 50/-, medium calves 221/- to 30/and small calves 8/- to 20/-. Store Cattle: There was a fair yarding of store cattle and it met with a dragging demand. There were several pens of attractive yearlings and cows forward. A pen of IS months’ mixed sexes of good colours made £3 10/- and another pen of 18 months’ steers of mixed colours sold at £3. Fresh cows made up to £5 10/- and bulls sold at late rates. Dairy Cattle: There were 55 head of dairy cattle penned. The quality was only average. The market opened at last week’s rates and improved as the sale progressed. There was a good demand for the best class cattle. The top price was £l2. Values were: Good second and third cal vers £8 to £lO 15/-, medium sorts £6 to £7 15/-, aged and inferior £2 10/- to £5, good heifers £9 to £l2, medium £7 to £8 10A and others £4 to £6. Fat Pigs: There was a big entry of fat pigs, porkers particularly being in oversupply and the market was easier than last week. Values were: Choppers 50/- to £5 16/-, baconers 55/- to £3 10/-, heavy baconers £3 15/- to £4. average price a lb. s|d to 6jd, porkers 35/- to 45/-, heavy porkers 48/- to 53/6, average price a lb. 6d to 7d.

Store Pigs- The yarding of store pigs was again heavy. The sale was dull. Values were: Largo stores lo 35/-, small 25/to 29/6, slips 20/- to 27/- and weaners 12/- to 1.8/-. BURNSIDE MARKET. DECLINE IN VALUES. FAT CATTLE QUIET. Dunedin, December 10. There was another noticeable decline in values at the Burnside stock sale to-day when every class of fat stock was sold several shillings below last week’s low rates. The fat cattle entry totalled 249 head, of fair to prime quality, with a few extra prime bullocks, a }arge number of medium weights and several pens of cows. The market w-as quiet and values showeel a reduction of about 15/- a head. Heavy bullocks sold to £23 10/-, medium £lB 6/-, light £l6 10/-, heavy heifers £l2 5/-, medium £lO 15/-, light £9 10/-, heavy cows £l2 15/-, medium £ll, and light £9 19/6. The sheep entry comprised 1,980 head. About half of the entry consisted of sheep in wool. There was a large proportion of ewes, a few pcnnings of prime wethers and a number of medium sheep. The sale opened at prices about equal to those realized at the previous sale for prime shorn wethers, but the market soon weakened. The closing sales showed a reduction in values of about 2/• a head. Ewes, in particular, met with a dull sale. Extra heavy shorn wethers sold to 33/-, prime 20/-, prime shorn ewes 18/-, medium 15/-, prime woolly wethers 29/9, and prime woolly ewes 23/3. Prices for shorn sheep were equal to about 4d, and for sheep in wool about 4-Jd a lb. About 350 lambs were offered. These were of fair prime quality. There was a fair demand at a reduction of 2/- a head. Extra prime lambs sold to 23/9, prime 22/9, medium 19/9 and unfinished sorts 16/6. Prices were equivalent to about 7d lb. The store cattle entry consisted of 270 head. The yarding included four pens of good three-year-old bullocks and 30 medium two-year-olds. The balance . of the entry comprised fair to good cows and mixed yearlings. The sale was not a brisk one and most classes were sold at a reduction of about 7/6 a head. Three-year-old steers sold at £lO 15/-, and medium steers to £8 2/6. The pig entry consisted of 90 fats and 116 stores. The demand was not,keen and baconers were sold at a reduction of about 7/6 a head and porkers at 5/- a head. Store Pigs also sold at cheaper rates. The prices realized for baconers were equal to 6}d and porkers 7}d a lb. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, December 10. Sales on ’Change: Bank of New Zealand 50/9; Taupiri Coal 22/-; Auckland Gas Company 23/3; do. (cont.) 17/5; Mount Lyell Mining 19/6. Wellington, December 10. Sales on, ’Change: Wellington Gas Company Debentures £99 2/6; Bank of New Zealand (ex div.) £2 10/9j Taugiri Coal <|

Company £1 1/3; British Tobacco Company (ord. cum. div.) £1 9/9 (2), on ’Change Sales reported: Mount Lyell Mining (cum. div.) 19/10. Christchurch, December 10. Sales on ’Change: Commercial Bank of Australia 15/9 (3) ;_ Goldsbrough Mort 19/1; New Zealand Guarantee Corporation 6/11; New Zealand Breweries 40/- (4), 39/11; British Tobacco 29/10 (2), 29/9; Mount Lyell Mining (cum. div.) 19/9 (2). Sales reported: Bank of New South Wales £29; Christchurch Gas Co. (10/paid) 12/-; British Tobacco 29/10, 29/11. Dunedin, December 10. Sale on ’Change: Okarito Mining 5/-. LONDON WOOL SALES. London, December 9. At the wool sales 11,432 bales were offered, including 3,392 bales from New Zealand, and about 9000 bales were sold. There was a good offering of clip wools, both greasy and scoured, and a moderate supply of all New Zealand sorts. Steady competition at late rates prevailed. New Zealand “Maka” BJd and Bd, “Te Hoa” 7}d and 7d, “Tekapae" 8d and 7]d. LONDON MARKETS. The Department of Agriculture has received the following cablegram, dated December 6, from the High Commissioner for New Zealand, London:— Tallow: Market quiet on spot and quotations nominally unchanged. Hemp: Manila market firmer on bears covering. “K”. grade December/February shipments sold up to £24. Sisal: Slightly easier. Sellers first grade good marks December/February shipments at £22 10/-, fair average quality £22. New Zealand: Market quiet owing to absence of offers. Nominal value December/January shipments Highfair £24, Fair £23, Common £2l 10/-. Small business has been done in rejected at £lB 5/-, and second grade tow at £l5. Peas: Market weaker owing to cheap speculative offers of Tasmanian and fair quantity of poor qualify New Zealand. Partridge pressed for sale. New crop Tasmanian February/March shipment now under offer at 59/-. Value of first grade New Zealand new crop March/April shipment 50/- to 52/6. English finest obtainable at 32/-, and old crop at 42/- to 44/-, with fair supplies available. Blues: Quiet trade confined to Dutch and Japanese. Spot quotations: Japanese 16/-; Dutch 13/6. Messrs Dalgefy and Company, Limited, rc;>ort having received the following advice from their head office, London, under date of December 10:—London wool sales continue with good competition, crossbred very firm, slight upwards tendencj', Merino, change if any is in favour of buyers. Tallow: Expect that if any change in price takes place it will be in favour of buyers at to-morrow’s sale. DAIRY PRODUCE MARKET. Mr G. Blaxall has received the following advice from Messrs Lovell and Christmas, Ltd., under date December 9:— Butter: 106/-, 109/- cwt. Market firm. Cheese: White 61/-, 62/- cwt; coloured 60/- cwt. Market firm. LINSEED MARKET. The following cable, dated December 2, has been received from Messrs Lansdale and Clark, Ltd., Calcutta, with reference to the linseed market: —We quote £ll 7/6 per ton of 20cwt. Immediate shipment. Market dull. O.S.N. COMPANY. PROFIT OF £101,310. London, December 9. The Orient Steam Navigation Company’s profit, after transferring £50,000 to the general account, £25,000 to pensions and reserve, and £281,666 carried forward, amounts to £101,340. The company declared a dividend of 71 per cent., tax free.