COMMERCIAL

Taranaki Daily News, 11 May 1929, Page 7

COMMERCIAL

TARANAKI STOCK MARKET GOOD DEMAND IN MOST CLASSES. Prices for beef remained firm in Taranaki during the week. Another rise was recorded for fat sheep. There was strong demand for store sheep and stoie cattle. The dairy cattle market was active. The demand for pigs is still not strong. Newton King, Ltd., report that pi ices remain firm for all classes of beef, and with the limited numbers that are. quoting some difficulty is being experienced, in fulfilling requirements. The offerings are not of a large nature, and in view of the fact of private quotations being scarce, these are meeting with a ready sale under spirited competition. .During the week no alteration in the price ruling has taken effect. It is anticipated that prices will harden. During the week another rise has been effected for’ all classes of fat .sheep, and as with beef supplies are limited, especially in- North Taranaki, while the supplies in South Taranaki ai e by no means plentiful. Northern requirements are being fulfilled at the following prices: Prime fat wethers 3Gs. Gd, lighter 345, prime fat’ ewes 30s, lighter 26s to 28s, fat lambs 25s 7d to 26s 3d. There is a strong demand for all classes of store sheep, and ready sales ar e being effected. The demand for good breeding ewes and wethers is especially strong, while the lamb market is also hardening. Good yardings of wethers were submitted at Awakino and Aria sales and sold under spirited competition, and full clearances were effected at advanced rates. Sales during the week for the various classes have been effected as follow: Good framed 4 and 5-year-old ewes 355, others 28s 3d to 31s 9d, full and failing mouth ewes 23s to 255; culls 18s to 20s; good forward conditioned 2 and 4-tooth wethers 31s 2d, 31s 7d, 32s 9d; store wethers 28s to 29g 3d; good wether lambs 21s Gd, 22s Gd; smaller sorts 19s to 20s; good mixed sex lambs 255; smaller §orts 22s 6d to 23s Gd; good ewe lambs 2G sGd; smaller 24s to 255. A good inquiry still exists for* practically all classes of store cattle, especially with regard to young cattle. Good numbers of this class were offered at Awakino and Aria last week, and with the strong contingent of buyers that was in attendance from outside and local centres, full clearances were effected under spirited competition at prices- in advance of late quotations, illustrating the fact that supplies, of this class are by no means plentiful. There was also a number of grown bullocks offered at both of these sales, but contrary to expectations these did not meet with the keen competition anticipated, and most of these lines were passed. Good entries of store and forward cows were also submitted, and, with the strong demand that exists for. this class, met with a ready sale at prices pleasing to vendors. Prices obtained for the various classes at these two centres. Good framed forward conditioned cows £6 10s to £7 10s; good framed and good coloured store cows £4 15s to £5 7s Gd; mixed coloured sorts £3 15s to £4 ss; 3i to 4-year-old store bullocks £8 12s Gd to £9 3s; 18 months Shorthorn steers £6 4s to £6 10s; 18 months Hereford steers £6 12s to £G 15s; 18 months Polled Angus steers £6 18s to £7; weaner Shorthorn steers £4 to £4 10s; mixed coloured sorts £2 15s to £3 12s Gd.

The weaner heifer market is very active, and in view of the numbers of sales that have been effected during the past two months, difficulty is being experienced in obtaining top quality cattle. There are still many hundreds in the district that have, not yet been quoted, and when feed is not so plentiful these cattle will be placed on the market and it is almost safe to predict that advanced prices will be the order of the day. During the week many sales of this class, through the medium of private treaty, have been effected, at prices if anything a little in advance to late quotations. Fair numbers are coming forward, and although these are not top quality cattle they are .meeting with a ready sale at prices in advance to those ruling at this time last year, prices obtained being: Medium quality cattle up to £5 10s; others £3 10s to £4 10s. While in the paddock, sales have been made for top quality cattle up to £7, and others of _not quite as good quality made from £5 to £G. With milking operations now practically at a dose, dairy farmers are operating for replacements for next .season, and naturally the demand for dairy cattle is increasing, and sales are increasinf accordingly. Fair numbers are being submitted and are being disposed of at prices pleasing to vendors. The majority of the sales, however, are being made through the medium of private treaty. Prices obtained during the week have been: Good quality fawn Jerseys, by and in calf to pedigree Jersey bulls, up to £l3; medium quality sorts, £ll to £l2; small and mixed coloured sorts £9 to £lO. A strong inquiry also exists for dairy herds, and sales of these, on a forward delivery basis, have been effected at up to £l6 for good quality young Jersey cows, while herds of mixed colours and ages are changing hands at from £lO 10s to £l2. Fair yardings of both store and weaner pigs "are being submitted, but the demand is not strong and for the most part they are dull of sale. Vendors are meeting the market, and in practically every case full clearances are being effected. AWAKINO SHEEP AND CATTLE Messrs. Newton King, Ltd. report having held a very successful autumn cattle fair and sheep sale at Awakino on May 3. The offering consisted of approximately 1600 sheep, while between 500 and 600 cattle came under the hammer. A large bench of buyers was in attendance and, with the exception of grown bullocks, competition was keen throughout, this being most pronounced on store and forward wethers and store cows and 18-month to 2-year-old steers. With the exception of a few pens of grown cattle a full clearance was effected under spirited competition at prices pleasing to vendors, prices for the various classes being as follows: Forward conditioned 4 and 6-tooth wethers 32s 9d; store and forward 2 and 4-tooth wethers 30s 2d, 31s 2d, 32s 7d; store 2 and 4-tooth wethers 29s 9d; medium weight fat cows £9 5s to £lO 15s; lighter sorts £8 7s Gd; good framed forward conditioned cows £6 10s to £7 ss; good framed and good coloured store cows £4 15s to £5 7s 6d; old and mixed coloured sorts £3 10s to £4; forward conditioned 41-year-old bullocks £11; store 3-ycar-ohl bullocks £8 8s to £9; 18-months P.A. steers £G 18s; 18-months Hereford steers.£6

10s to £6 15s; 18-months Shorthorn steers £6 4s to £6 10s; 18_-months Holstein steers £4 15s to £5 8s; weaner steers £3 10s,. £3 18s Gd and £4 10s; 18-months empty Shorthorn heifers £5 8s; 18-months empty Holstein heifers £4 Ils to £5; cows with calves at foot £7 to £7 Is; small mixed coloured weaner heifers £3 to £4 10s. At Aria on Tuesday there, was a satisfactory clearance. The offering consisted of approximately 1200 whilst between 200 and 300 cattle came forward. As with Awakino, buyers were in attendance from outside, and competition was keen throughout, with the result that the prices obtained were of a satisfactory nature. A good entry of lambs came forward to this centre and these met with a ready sale under keen competition. Quotations for the various classes are as follows: Store and forward conditioned 2 and 4-tooth wethers 31s 9d; store 2 and 4-tooth wethers 28s to 29s 3d; fat lambs 25s 7d to 2Gg 3d; ewe lambs 24s to 24s 3d; best wether lambs 22s lid; smaller sorts 20s 5d to 21s; small mixed sex lambs 18s Id; 3£ to 44-year-old store bullocks £8 Gs Gd to £8 12s 6d and £9 3s; good framed forward conditioned cows £6 7s Gd to £7; o-ood framed and good coloured store cows £4 7s, £4 10s, £4 17s Gd; mixed coloured sorts, £3 (R Gd to £3 15s; cows with calves at foot £7 15s to £8 17s Gd; good weaner Shorthorn steers £5 7s; others £4 10s; smaller mixed coloured steers from £2 15s to £3 10s; mixed sex P-A. weaners £5 IGs Gd. At Okau on May 4 the entry was not a big one. However, the results of the sale were pleasing to vendors. Prices obtained for the cattle sold were as follows: Light fat cows £8 7s to £8 10s; fat heifers £9 17s Gd; cows with calves at foot £7; forward conditioned COWS £5 12s to £5 17s Gd and £6 Is; store cows £4 to £4 2s Gd; 3-year-old Holstein .steers £7 7s Gd; "mixed age ewes iu lamb to white-faced rams 31s 9d. BURNSIDE STOCK MARKET. Dunedin, May 8. There was little change in values at the Burnside stock sales to-day, all fat stock maintaining late rates. A yarding of 206 fat cattle included some good lines of prime heifers and medium cows with a sprinkling of medium weight, well-finished bullocks. The demand was fair throughout, and last week’s enhanced rates were easily maintained. Prime heavy bullocks made from £l9 10s to £2l, medium from £l6 to £l9, and good heifers to £l5; cow and lighter sorts sold fairly well. The fat sheep entry numbered almost 2500. The proportion of primes was large, and there was a good percentage of freezing sheep. The demand at the outset was keen, but as the sale progressed the market eased. Prices Generally were from Is to Is 6d easier than last week. Primo heavy wethers made to 425, prime to 375, and mediums to 30s 9d; best ewes made to 36s_ and "ood mediums were worth from 25s to 28s. There was a mixed entry of fat .lambs, numbering about 3/0. Good primes were in keen demand, but there was little inquiry for unfinished sorts. Best prime heavies made to 3'os. Values were scarcely different from those ruling last week. There was only a small yarding of store cattle. The demand was fair and prices showed no change. The pig market was firm. Baconers sold well, but porkers eased about 5s a head. Good quality stores were easy to quit, but anything inferior was not wanted. LONDON GRAIN MARKETS. By Telegraph—Press Assu. Copyright. London, May 9. With the Argentine and meet Continental centres on holiday, wheat cargoes are quiet, and quoatiqne aie 3d higher. Buyers are awaiting . the American bureau report. Parcels, are held for an advance of 3d to 6d. Trading ie quiet and the spot trade is dull. Australian ex ehip 44e Gd. . Flour is easier on heavy arrivals. Australian ex store 33s Gd. Oats.—Weak. Australian Algerians 24s Gd to 265; A. Gartons 28s to 295. Peas. —Blue neglected. Tasmanian 3GOs to 380 s, New Zealand 340 s to 3605; Maples more active. Tasmanian, 72s Gd to 755; New Zealand, 58s to GOs. New Zealand beans.—Quiet, 50s to 52s Gd. THE SHARE MARKETS. Wellington, May 10.—Reported sales: New Zealand Insurance, 4Gs 9d; Kauri Timber, 18s 9d. Christchurch, May 10. —Sales on Exchange: New Zealand Refrigerating Co. (£1 paid), 16s Gd; Electro-Zine (pref.), 375. ■ Reported sals: New Zealand Breweries (late sale yesterday), 64s 3d; Staples Brewery (late sale yesterday), 465. Dunedin, May 10.r-Sale on Exchange: Kildares, 3s 7<L DAIRY PRODUCE PRICES. Mr. E. Griffiths has received the following cable from his London piineipals:° Butter is quiet but steady. Finest New Zealand, IGGs to 1675; firsts, 165 s to IGGs; Danish, 166 s to IGSs; Australian, 160 s to lG'2s. The Continental market is steady. Cheese is steady. New Zealand white, 85s to 80s; coloured, 87a to 88s. There is little improvement in demand with the lower price.