Commercial STOCK SALE AT LORNEVILLE

Southland Times, Issue 25545, 13 December 1944, Page 2

Commercial STOCK SALE AT LORNEVILLE

FAT CATTLE MARKET FIRMER Fat cattle sold on a firm market at the Lorneville stock sale yesterday. Prices for better quality cattle were slightly higher at the opening than they were last week and a steady improvement continued throughout the sale. Most of the fat sheep yarded were only medium-quality sorts and prices were about the same as those ruling last week. In the store sheep section best conditioned ewes with forward lambs at foot brought prices similar to those obtained at last week's sale. FAT CATTLE—There was a full entry, 190 head being yarded. Fully half of the yarding comprised good quality bullocks, heifers and cows. The remainder were unfinished sorts, with a fair percentage of aged and inferior cows. For the better quality cattle the market opened slightly better and showed a steady improvement on last week’s rates right up to the concluding stages. Prime quality heavyweight bullocks made from £lB/10/- to £2O, medium-weights £l5 15/- to £l7, lightweights £l3/10/- to £l4 10/- and small £lO to £ll/10/-. Good quality medium-weight heifers realized £l4 to £l5/10/-, handy-weights £l2/10/- to £l3 10/-, lightweights £ll to £ll/15/- and small £8 to ( £9/10/-. Good quality cows brought from £l3 to £l4/10/-, medium-quality sorts £lO/10/- to £ll/10/-, unfinished £8 to £9 and aged and inferior £4 to £6. FAT SHEEP—The yarding of 731 fat sheep was composed of equal portions of ewes and wethers. The majority of the sheep were of only medium quality. Values were about the same as those ruling last week. Good quality shorn wethers realized from 33/6 to 34/6, medium-quality sorts 30/6 to 32/- and aged and unfinished 28/- to 29/6. Overweight ewes brought from 17/- to 18/-, good quality butchers’ ewes 20/- to 21/6, medium-quality sorts 16/6 to 17/6 and inferior 14/6 to 15/6. Medium quality woolly ewes made from 26/6 to 28/6 and unfinished sorts 22/- to 23/6. FAT LAMBS—An entry of 82 fat lambs was forward. The quality generally was good. Extra good lambs realized up to 37/-. Prime heavy lambs made from 34/6 to 35/6, medium sorts 30/- to 31/6, lighter-weight sorts 28/- to 29/- and unfinished 25/6 to 26/6. STORE CATTLE—The yarding of 300 head was a good deal smaller than last week’s. There' were also a larger number of aged cattle included. Best three and four-year-old bullocks sold from £ll/16/- to £l2/5/-, other good lots £9/10/- to £lO/15/-, best two-year-olds up to £B, other two-year-olds £5/10/- to £6/10/-; best yearlings up to £6/10/-, mixed-bred yearlings £4/10/- to £5/10/-, best-conditioned empty heifers up to £7, others £4/10/- to £5/15/-, best yearling heifers £2/10/- to £3/10/-, best-con-ditioned empty cows up to £6/10/-, medium sorts £4/10/- to £5/10/-, culls down to £2/10/-. DAIRY CATTLE—OnIy six dairy cows were offered. Best sorts made up to £lO, late calvers bringing from £4 to £6. STORE SHEEP—A medium-sized yarding of 1400 head was forward. Aged ewes with lambs at foot predominated. Best-condi-tioned ewes with forward lambs sold up to last week’s rates, but poorer sorts were not in demand and many were passed. Best ewes with lambs at foot made from 20/- to 22/5, all counted. Medium quality ewes realized 16/- to 18/-, poorer sorts selling down to 10/- to 13/-. A line of ewe hoggets realized 43/9 and shorn wethers made 24/to 26/-. GORE STOCK SALE Medium yardings of sheep and cattle were forward at the Gore stock sale yesterday. The best of the fat wethers offered brought 33/-, others making up to 32/-. Ewes were almost neglected, prices ranging from 15/to 17/6. Wether hoggets, however, were in strong demand, good sorts making from 20/to 23/- and inferior lines selling at down to 13/-. A pen of ewes and lambs found a buyer at 15/-. The. market generally was not buoyant and showed a slight drop on recent values.

The decrease was more pronounced in the fat cattle section, in which the drop was from £2 to £2/10/- a head. Prime fat bullocks made from £l5/15/- to £l6/12/6, medium about £l5/5/- and other sortr about £l2/15/-. A fat cow was knocked down for £6/10/-. There was also a slack market in the store cattle section. Yearling steers made £6/10/-, two-year-olds £B/17/6 and three-year-olds £B/2/6. REDUCTION IN NET EARNINGS P. and O. Company (Rec. 9.30 p.m.) LONDON, December 12. The P. and O. Company’s statement for the year ended September 30 says that the net earnings showed a reduction of £285,000, which was partly offset by a smaller charge for depreciation. The balance of profit available was £442,267, including £189,456 brought in. The statement said that it was reasonable to anticipate that shipowners would in the not far distant future be permitted to build ships suitable for particular trades. The change-over to peacetime services, both passenger and cargo, must necessarily be slow and would be handicapped in the early stages by the lack of an adequate number of ships. STOCK EXCHANGES DUNEDIN—SaIes reported: National Bank of New Zealand, £2/13/- and £2/12/9; Howard Smith, £l/4/-; Bonds Hosiery, £2 7/-; Commercial Bank, 17/9; A.C.1., £2/17/6. CHRISTCHURCH—N.Z. Victory Loan, 3 p.c. 1955-58. £97/15/- (3); N.Z. Government 3 p.c. Stock 1952-55, £9B/5/-; N.Z. Breweries, £2/3/6; Woolworths (Syd., ord.), £1 1/2. Sales reported: Colonial Sugar. £56 10/-; Woolworths (Syd., ord.), £l/1/4. WELLINGTON—SaIes late Monday; 3 p.c. (

Stock 1954-55, £9B/10/-; Liberty Bond 1949, £l/0/1; Bonds Hosiery, £2/7/-. Sales yesterday: Consolidated Brick, 10/-; Mount Lyell, £l/9/6. Unofficial list: National Tobacco (cum, div.), £l/16/6 (3). AUCKLAND— Victory Loan 1955-58 3 p.c„ £97/15/-; 3rd Liberty Loan 1953-56 3 p.c„ £99; Wool Bonds 1949, 19/3; do. 1948, £l/0/3; Auckland Gas, 7/5; N.Z. Refrigerating (con.), 13/9; Dominion Breweries, £2/5/9 (2); A.C.1., £2/17/6; Colonial Sugar, £56/10/-; Consolidated Brick, 10/- (2); Farmers’ Trading. £1 5/11; Forest Products. 6/10 (odd lot); Macduffs, 16/7; Roller Mill, £l/1/-; Woolworths Tn.Z.), £l/1/5-