SMALL ENTRY OF FAT CATTLE

Southland Times, Issue 24057, 22 February 1940, Page 3

SMALL ENTRY OF FAT CATTLE

Stock Sale Held At Burnside COMPETITION KEEN AT START (United Press Association) DUNEDIN, February 21. A small entry of 219 fat cattle came forward for auction at the Burnside stock sale today. A few pens of prime bullocks were included, the balance being prime and medium, down to lightweights, with the usual percentage of cows and heifers. Competition at the start was keen, with prices for prime bullocks and heifers £1 up on last sale, the rates receding over the final race to last sale’s rates. Plain cows and heifers,, showed no improvement. Extra prime/ bullocks made to £l9/17/6, prime medium from £l4/12/6 to £l6/7/6, light bullocks from £ll/2/6, extra prime cows and heifers made to £l4/12/6, prime from £9/12/6 to £l2/2/6, medium from £7/7/6 to £B/17/6, and light from £4/17/6. — ,2- j x There was a penning of 165 head or store cattle, the entry consisting of several pens of well-bred steers, which met with a good sale. One pen of four-year-old steers sold at £lO. Good three-year-olds realized £B/10/- ■to £9/2/- and 18-month-old steers realized £5/18/-. Grazing cows were easier and boner cows sold at late rates. The entry of fat sheep numbered 1850, including several pens of goodquality wethers and young ewes, with a large proportion of medium quality. The sheep sale opened with prices on a par with last sale but eased to the extent of 2/- a head, and over the concluding races passings were frequent and sales difficult. Extra prime heavy wethers realized 32/9, prime medium from 24/6 to 28/3, and light from 22/9. Prime heavy maiden ewes realized 27/3, prime heavy ewes from 21/- to 24/-, prime ewes from 16/- to 28/6 and light from 13/-. BIG ENTRY OF FAT LAMBS A large entry of 1578 fat lambs was penned. The quality of the yarding was good, with several lots of extra choice lambs. The sale was good throughout. Heavy butchers’ lambs realized to 32/6, prime lambs brought from 25/- to 27/6, medium from 22/- to 24/- and light to 21/-. . , , A small yarding of fat pigs numbered 117. The sale was not brisk, baconers selling at late rates. Porkers eased to the extent of 4/-. A small entry of store pigs sold with prices lower by 3/- a head. There was a small yarding of 20 daily cows, including several good sorts close to profit, which met with a fair demand. Good cows near profit realized up to £lO/15/- and inferior sorts from £4. ADDINGTON MARKET SUBSTANTIAL YARDINGS FORWARD (United Press Association) CHRISTCHURCH, February 21. Yardings were again substantial at the Addington market today. Fat cattle were forward in heavy numbers and were cheaper, but fat sheep sold vfell. Lambs were also dearer. The entry of store sheep was the heaviest for the season, but the sale was dull for all except crossbreds and prices were lower. About 13,009 store sheep were entered and 7000 store lambs. For all classes except crossbreds the sale was slow with values back 1/- a head. Two-tooth Romneys made to 43/- and Corriedales to 30/-. The fat lamb yarding was 3500, compared with 4000 last sale. Exporters bought keenly and values picked up the fall of 1/- of last week. Butchers had to pay 9d more for their requirements. The fat sheep yarding was 7000, the same as last week, with a good demand for all classes, particularly light and medium ewes, for which exporters competed steadily at values 1/- above those of last week. The top price for wethers was 37/4 and ewes 27/1, heavy wethers 28/6 to 31/-, medium weights 25/- to 28/-, and light to 20/-. The fat cattle entry was 583, against 440 last week and the total was more than the market could absorb. The quality was better but prices were down 25/- to 30/- a head. Best steers made £l5 to £l9/17/6, mediumweights £l3 to £l4/15/- and light to £9; best heifers £9/5/- to £l5/2/6, medium £8 to £9 and light to £7/15/-; best cows £7/10/- to £ll/7/6, medium £5/15/to £5/5/-, and right to £5/10/-. The pork entry was the largest for some time, but values were firm. Choppers were in heavier supply, with prices slightly lower. Bacon pigs were forward in large numbers, but the sale was excellent. Choppers made to £5/11/-, porkers 39/6 to 56/6, an average of 6Jd to 7Jd per lb, baconers 58/6 to £4/6/6 with extra heavy to £4/19/6, an average of 6id to 7d per lb. BRITISH EXCHEQUER RETURNS (British Official Wireless) (Received February 21, 7.30 p.m.) RUGBY, February 20. The Exchequer returns for the week ended February 17 reveal an income of £40,689,013 against an expenditure of £19,924,791. Income tax again provided a large percentage of the income, £24,068,000, though there was an appreciable drop of nearly £11,500,000 compared with the previous week. There is still another £85,000,000 to be collected to reach the estimate for the year. The deficit on the year amounts to £170,871,723 against one of £220,820,431 two weeks earlier. The floating debt outstanding is £1,478,600,000, an increase of £558,290,000 in the course of the fiscal year. Treasury bills outstanding accounted for £1,431,855,000.

DIVIDEND DECLARED UNITED PICTURES LIMITED (United Press Association) . WELLINGTON, February 21. Advice received by the Stock Exchange Association states that the United Pictures Limited is paying an interim dividend _of sixpence a share, less Social Security charge, to all shareholders who are registered as members on February 29, 1940. The books are not closing. STOCK INDICES (Received February 21, 7.30 p.m.) LONDON, February 20. Stock Indices Compiled by The Financial Times. October 15, 1926 = 100.

NEW YORK Dow Jones’s Averages

Highest In 1939: Railroads, 35.90 (September 27): industrials, 151.92 (September 12). Lowest in 1939: Railroads, 24.14 (April 8); Industrials, 121.4 (April 8). RUBBER EXPORTS (British Official Wireless) (Received February 21, 7.30 p.m.) RUGBY, February 20. The International Rubber Regulation Committee has fixed the permissible exports for April, May and June at an 80 per cent, basis for 1940.

Govt. Securities. Home IndusGold mines. Rails. trials. Jan. 8 107.6 46.9 96.9 193.5 Jan. 9 107.5 46.8 96.7 193.9 , Jan. 10 107.1 46.9 96.5 194.5 Feb. 5 109.2 52.0 95.8 190.4 Feb. 6 109.0 51.7 96.3 190.8 Feb. 1 108.8 52.9 96.5 190.9 Feb. 8 108.1 54.1 96.3 190.7 Feb. 12 109.1 57.1 96.8 189.8 FeS ”2 109.1 57.0 96.5 186 Feb. 14 109.2 58.2 96.7 186.4 Feb. 15 109.2 57.9 96.7 187.8 Feb. 16 109 57.2 96.7 188.9 Feb. 19 109.4 56.6 97.1 187.1 Feb. 20 109.6 56.4 98 187.2

1926 = 100. Sales, 1000 shares 20 Railroads 30 Industrials. Jan. 8 32.18 151.34 630 Jan. 9 31.81 149.84 670 Jan. 10 31.85 150.15 600 Feb. 5 30.50 145.00 410 Feb. 6 30.73 145.93 540 Feb. 7 30.83 146.63 490 Feb. 8 31.46 148.40 870 Feb. 9 31.40 148.94 1100 Feb.14 31.00 148.33 650 Feb.15 30.90 148.46 750 Feb. 16 30.86 148.20 680 Feb. 19 30.90 148.46 630 Feb. 20 31.06 148.65 810