AUCTIONEERS' WEEKLY REVIEW

Stratford Evening Post, Volume III, Issue 198, 10 November 1934, Page 3

AUCTIONEERS' WEEKLY REVIEW

NEWTON KING'S REPORT Newton King Ltd; reports that the appreciable feature of the stock market since the last survey has been the continued buoyancy of the overseas butter market, and latest cables convey a further rise of 5s for butter, with a' slight increase for cheese. A better demand is also reported, and local- sales are a little more frequent, and a pay-out in advance of expectations for the coming two months seems assured. Reports from outside centres adviSe of the entry of export agerits on chilled beef, but no move in, this regard can be reported locally. Expectations as to the effect this industry will have on values for local consumption have been somewhat optimistic over the past few months, but at the moment insufficient business is being' negotiated to • gauge its reflection' on the market. However, its advent should occasion the arrest of the recent decline in values for local consumption and possibly create a more stable market for supplies.

On the other hand the doubt earliei expressed regarding the stability of the export schedule for lamb did not prove contrary to expectations, for a reduction to 7-id was put into effect earlier in the week, and advice from authoritative quarters hints to a further receding. The limited nature of supplies, coupled -with' the strong demand, suggests that little detriment to values outside perihaps forward inquiry for lambs is likely fa's a result' of this receding. At the moment* most interest is centred in the store sheep section, but business is confined to small lots. Were larger numbers offering-a better idea of the ;strength of this market could be obtained; Some idea of current values can be obtained from the results of special sale of sheep conducted at Wha'nganibmona by the'firm's agqnt on Wednesday, when 1000 mixed sheep were 'yarded. Buyers were in attendance : frorii all' parts of the district, and a free sale resulted, suggesting that_ provided wool values are somewhere within present expectations and the lamb -schedule 'remains reas'dnably stable, animated scenes Will be the order when changing with this class is seriously considered. Good quality ewe hoggets of medium 'size made to 28s 7d down to 27s 2d, wether hoggets a little small 18s to 19s Id, 2 and 4-tooth wethers 245, m.a. ewes with 95 per cent, of lambs 31s 9d, 4 and 6-tooth ewes (dry) 27s 4d, mixed-age ewes (dry) 22s 9d to 23s 4d. All the sheep sold were "in the wooL" For the most part business with store cattle has been confined to the fortnightly sales, and as the yardmgs con-1 sist in the main of fair entries of yearling Jersey heifers, supplemented by the usual oddments ex the dairy, little guide, can be obtained as to, the strength of this j market. The inquiry is, however, very strong, and there is no, doubt that if the district were favoured With a goodyarding a ready disposal would be effected. ' • . ~ The dearth of well-bred grazing cattle occasions a little food for thought by graziers in their selection from the classes that are offering, and, many have

turned their attention to the better class of reject cow to cope With the advance of pastures, and from £1 2s to £1 5s is the order, but little: demand exist : for the real boner class. It is, however fortunate that the numbers offering Utt-; der this heading are of- little consequence. . _'• '-'„ ,;.< . In reviewing the position,, in regard to Jersey yearlings, little change in the market cart be reported. There is evidence of the major portion of require-' ments having been satisfied, and outside hold-over heifers, for which a'.'very strong demand exists, fe'w cattle' appeal, and the market shows a weakening tendency. The period for making is fast passing, and in view of this there seems little or no likelihood of any early recovery in values. Entries at the fortnightly sales have been somewhat wanting for quality, and .difficulty has been experienced in placing the numbers yarded. On the other hand hold-over heifers have in some instances sold at advanced rates, and up to 36s 6d has been paid for good cattle, but the average figure is in the vicinity of 32s 6d. the lesser-bred and inferior ranging in value from- 20s to 28s. Local values for both beef and-mut-: ton are unchanged. There is, however. ; a cautious atmosphere, especially in regard to the mutton section, the general opinion being that the announcement of export schedule for wethers and ewes will occasion, a receding, in Values for local consumption, and at the moment only immediate requirements are being purchased. Quotations are: Wethers up< to 255, ewes 17s to 18s Gd, beef section £6 to £7 for best cows and heifers, lighter £4 15s to £5 ss, fats ex the dairy meeting good competition, with best selling at up to £5 10s, medium £4 to £4 10s, light and plainer cattle £3 to £3 15s. The entry at Hawera sale ort Thursday met keen competition, with the result that values showed a slight improvement. Fat Poled Angus cows made from £6 to £6 ss, heavy young Jersey cross sorts £4 15s to £5 15s, and lighter £3 10s to £4. There was also an improvement in realisations in the pig section at the sale, while values for other, classes were on a par with late rates. Average fat b.f. hqggets made from £1 to £1 0s 6d, fat shorn ewes 15s to 17s 7d, unfinished lis 2d to 12s 2d;'young paddock cows- £1 5s to £2, meaty Jersey cows £l' 5s to £1 10s, boners 10s to 16s, yearling Jersey heifers (medium quality) £1 15s to £1 17s 6d, good sorts of dairy heifers £4 10s to £5 10s.and others £2 10s to £3 7s 6d. An average yarding was penned at Douglas sale on Monday, and there was ■ 0 better demand for the younger class of Jersey cow. A full clearance was effected at the following prices: Light fat Jersey cows £2 15s to £2 'l7s, meaty £1 15s to £2 2s, young Jersey store cows £1 5s to £1 7s 6d, boners 18s to £1 Is, 2-year empty Jersey cross heifers £2 ss, good quality yearling Jersey heifers £2 7s, medium £1 13s to £1 16s, poorer and inferior £1 6s to £1 9s. Bulls were dull of sale-and passings were frequent. Yearling pedigree bulls made to j

6gnS.; 2-year bulls 5: to s|gns., grade 3 and 4-year bulb' £3 to-£3 ss, Dairy heifers made from £4 to £4 55,. and s calved cows sold at up to £5 10s. _ ". The Stony River sale on Tuesday drew . one i of the- largest yardings of reject cowis offered at that centre for some time. The entry eQiisisted in the mam of good forward-conditioned' cows, the younger of these meeting a good demand. Realisations .were: Fat Jersey cows £3 17s 6d to £4 65,. lighter £3l 3s to £3 10s, killable £2 7s 6d to £2 10s young paddock cows and heifers in good condition £2' to £2 ss, good-framed youhg Jersey cows £1 5s to £1 10s, boners 10s to YIS 6d, average quality yearling Jersey heifers £2, lesser-bred £1 12s to £1 15s, hold-over crossbred heifers £1 Is to £1 2s, 2-year empty Jersey cross heifers £2 Is, good quality springing heifers £4 5s to £4 10s, others £3, dairy cows £3 to £4 10s, 2-year pedigree Jersey bulls from tested dams 9Jgns„ yearlings 4 to sJgns. The entry at Waiwakaiho sale on Thursday- was smaller than usual, the oddments selling at late rates. A line of fat shorn wethers realised £1 0s 2d, and a pen of mixed fat sheep .in the wool made £1 4s 6d.. A ready market continues for all classes of pigs, and .little alteration.has been dbserved in realisations during the week, although the tendency has been for freer sales. At the New Plymouth Haymarket sale yesterday a capacity yarding was handled, and the whole entry chapped hands under the hammer with spirited competition. A feature of the sale Was the keen bidding for slips, 1 values for these showing some improvement. Realisations were: Good porkers £2 18s, lighter sorts £1 18s, good stores £1 10s to £1 Us, good quality smaller sorts £1 8s; • others £l< 5s to £1 .7s, extra good slips £1 6s to £1 6s 6d, others £1 2s to £1 4s, choice weaners 17s to 19s, average 14s to 15s 6d, small and weedy 10s 6d to lis 6d. ** T"" I ,|| 'i ■ T