COMMERCIAL

Taranaki Daily News, 12 July 1929, Page 19

COMMERCIAL

NEW PLYMOUTH MARKETS. PRICES FOR DAIRY FARM PRODUCE New Plymouth market prices this week are:—

Wellington, July 11. —Reported sales: Bank of New South Wales, £5l 10s; Wellington Woollen Co. (ord.), £7 5s 6d. Christchurch, July 11. —Sales on Exchange: Bank of New Zealand, 61s fid; New Zealand Breweries, 78s (two parcels); Electro Zinc (ord., cum. div.), 36s (two parcels); Mt. Lyell, 43s 3d (two parcels), 43s 2d; Winding Creek (2s paid), 2s 8d (two parcels). Dunedin, July 11. —Reported sale. — Westport Coal, 32s 9d. Sale on Exchange: Mt. Lyell, 435. Taranaki Stock Exchange.—Buyers: New Plymouth Gas (first issue), £4 10s; Newton King, Ltd. (pref.), Us fid. Sellers: New Zealand Government Inscribed Stock, 4% per cent., 1938, £lOO.

FROZEN MEAT.

SMITHFIELD RETAIL PRICES.

The New Zealand Meat Producers’ Board has been advised by its London manager that the following retail prices were quoted for New Zealand lamb and mutton retailed in London on July 5, 1929:—

Lamb.—Legs, 15d per lb; shoulders, 14d: loins, 13d; necks, 8d; breasts, s>’ Mutton (wether). —Legs, lid; shoulders, lOd; loins, lOd; necks, 7d; breasts, 4d.

SOUTH AMERICAN SHIPMENTS

Th© New Zealand Meat Producers’ Board has received a cablegram from its representative at Buenos Aires, South America, advising the following shipments to the United Kingdom for the fortnight ended July 4, 1929, from Argentine and Uruguay (the figures do not include exports from Patagonia, Chile or Brazil); —253,050 quarters chilled beef, 3700 quarters frozen beef, 73,810 earcases frozen mutton, 131,940 car eases frozen lamb. The quantity shipped to the Continent of Europe during the same period was as f0110w5:—61,235 quarters frozen beef, 9080 carcases frozen mutton, 3050 eareases frozen lamb.

DAIRYP PRODUCE IN LONDON.

REVIEW FOR. PAST MONTH.

The butter market in London has remained steady throughout the past month. A slight check occurred after the first week, caused by the increased Continental production at the peak of the season which more than countered the seasonal decline in shipments from New Zealand, Australia and the Argentine. In the meantime there had been some accumulation of stocks in London, out not sufficient to affect the market, and a steady market is expected at round about present values. Usually at this period of the year there are inquiries for forward offers, either for the United Kingdom or in recent years for Canada, but although Canada purchased a limited quantity early in Juno at about Is 5d f.0.b., buyers later reduced their limits to Is did, at Which figure no business has oeen reported so far. Following are the top London quotations for the past five weeks: — Danish butter.—June 7,174 s per cwt; June 14, 1735; June 21, 1725; June 28, 178 s; July 5, 1775. New Zealand. —Unsalted: June 7, U2s; June 14, 1725; June 21, 170 s; June 28, 1725; July 5, 1725. New Zealand.—'Salted: June 7, 1725; June 14, 170 s; Juno 21, 170 s; June 28, 1725; July 5, 1735. New Zealand Cheese. —White: June 7, 93s per cwt; June 14, 935; June 21, ■J3s; June 28, 925; July 5, 925.

New Zealand cheese. —Coloured: June T, 955; June 14, 955; June 21, 955; June 28, o’ss; July 5, 945. . The cheese market has been particularly steady during the past five weeks. The warmer weather experi.•nced through the the United Kingdom had the effect of increasing consumption, while the high prices asked for Canadian cheese favoured the selling of New Zealand cheddar.

On the other hand, increased shipments caused the further accumulation vf stocks, resulting in a lack of that speculative demand usually experienced at this period. The demand has, in consequence, not been sufficient to absorb the heavier offerings made of released stocks and the market has weakened to the extent of Is per cwt.’ Recent Canadian cables quote new season’s cheese at 86s to 90s c.i.f., this being a decline of 6s on former prices. With these factors in view, one cannot look for any material improvement in the near future.

Gradings and stocks, in tons, during tnc past three years, are: — BUTTER. Graded during June, 1927. —1350 tons; 1928, 1450 tons; 1929, 1213 tons. Graded 11 months to June 30. —1927, 71.100 tons; 1928, 73,800; 1929, 80,850. In store at June 30.—1927, 5800 tons; 1928, 3200 tons; 1929, 3812 tons. CHEESE. Graded during June.—l 927, 1550 tons; 1928, 1900 tons; 1929, 2072 tons. Graded 11 months to June 30. —1927, 76,000 tons; 1928, 75,500 tons; 1929, 86,050 tons. In store at June 30.—1927, 3650 tons; 1928. 2300 tons; 1929, 4370 tons. THE STOCK MARKETS. WANGANUI SALE. Freeman R. Jackson and Co. report a yarding well in excess of advertised numbers. Tho sheep section was not very keenly competed for, except one or two lines of good in-lamb ewes, though the bulk of the entry changed

hands. Tho cattle section attracted more attention, and on certain lines competition was quite good. The sale, taken all over, was of a dragging nature, except on certain attractive lines. Sales made compare, favourably with

recent sales,'both stores and porkers finding ready buyers. Quotations:— Sheep.—Fat ewes, 255; fat wethers, 345; 4 and 6-tooth ewes, to Romney rams, 34s 3d to 35s Id; m.a. ewes, to S.D. rams, 28s 4d; 4 and 5-year ewes, to S.D. rams, 2-5 s to 29s 6n; inferior ewes, to S.D. rams, 21s. Cattle. —Fat cows and heifers, £9 5s to £9 12s fid; forward cows, £7 9s; good rising 3-year steers, £9 10s to £lO 2s; good 3-year S.II. forward heifers, £8 13s; S.ll. 3-year steers, £8 7s fid; store cows, £4 3.s to £5 Is; Jersey yearling heifers, £4 Ss fid to £4 12s; 2-year empty Jersey heifers, £4 to £5; Jerseycross yearling heifers, £3. Pigs.—Light, porkers, £2 5s to £2 6s; small stores, 17s 6d to 20s fid; small weaners, 13s; good vealers, £4.

BURNSIDE REPORT.

CATTLE VALUES DOWN

Dunedin. July 10.

There was a slight reduction in cattle values at the Burnside stock sales to-day but the demand for sheep was good throughout. There was little to report in respect of lambs and store cattle which showed no appreciable change. Pigs sold well. The fat sheep penning numbered over 1700, the quality being from medium to good. There was only a moderate supply of heavy wethers, ewes predominating. The proportion of fine woolled sheep was large. Heavy wethers did not sell quite as well as was the case last week, but ewes remained firm at late rates. The fall in wether values was scarcely a shilling a head Extra hea v y wethers made to 48s; prime heavy to 41s; and prime to 375; extra, good ewes made to 40s; and prime heavies from 35s to 375.

There was an entry of about 435 fat lambs, comprising fair to medium quality, values being unchanged. The store cattle entry of about 120 head was comprised largely of medium stock with a few pens of good young steers, which sold well. Other lines were unchanged. There were 207 head of fat cattle, heifers and cows making up the bulk of the entry. Average bullocks were in fair supply but there were very few heavies. Competition for all prime sorts was keen at the commencement of the sale but as the sale progressed values fell until most lines were cheaper by from 20s to 30s per-head. Prime heavy bullocks made io £23; medium to £lB 10s; and the best cows were worth up to £l6. The pig entry comprised 114 fat and only 22 stores. Baeoners and porkers sold fairly well and scores were a shade firmer than last week.

ADDINGTON SALE.

LARGER ENTRIES; PRICES FIRM.

Christchurch, July 10.

Addington market entries were larger to-day in most sections of stock, store sheep being an exception. All classes maintained recent values, fat cattle improving. Store sheep. —The yarding of store sheep was again small and the quality indifferent. Ewes in lamb, and the better class wethers sold freely and there was not quotable change in prices. Values were: Medium threequarterbred ewe hoggets to 275, ordinary halfbred ewe jioggets to 22s 3d, ordinary wether and ewe hoggets to 21s, extra good six l and eight-tooth crossbred ewes to 17s fid; extra good 4 and O-th halfbred ewes 35s to 36s 6d, good s.m. ewes to 31s fid; aged and inferior half-bred ewes 14s to 17s, good 6 and 8-th halfbred wethers 27s to 29s fid, ordinary 6 and 8-th ha'f-bred wethers to 255.

Fat lambs.—-The entry was 200 head smaller than last week and the finish, generally, was very irregular. The sale was a good one at late rates, the best price was 37s lOd. Fat sheep.—-The entry was considerably big’jir, there being 12 well-filled races as against eight last week. The quality was greatly improved, and the s X ale was a satisfactory one throughout. Though heavier ewes were a little easier in value others remained unchanged. Extra prime wethers to 42s 7d, prime wethers 34s to 37s Cd, medium wethers 31s to 33s Cd, light wethers 26s to 30s Cd, extra prime ewes to 37s 4d, prime ewes 28s fid to 325, medium ewes 24s to 28s, light ewes 21s, aged ewes 17s to 20s, Fat cattle—The yarding was slightly larger and there was a noticeable improvement in quality, some particularly well finished steers being forward from North Canterbury and the Peninsula. Some of the “tail-enders,” however, were better suited to the store pens. The sale was a keen one, and all good steer, cow and heifer beef sold at an advance of 20s ’ a head. .The inferior stuff showed little change. Especially good beef made up to 48s fid per 100 lbs; good prime 43s to 4Cs 6d'; heavy prime 40s to 43s Id; medium quality 37s Cd to 40s Id; good cow 37s to 39s Id; inferior 32s to 355; rough down to 27s Cd. Extra heavy prime steers to £24 Os Cd; heavy prime steers £l9 to £2l 10s; medium weight prime steers £l6 10s to £lB 15s; medium quality steers £l3 10s to £l6; light steers £lO 10s to £l3;extra prime heifers to £l7 17s Cd; prime heifers £l2 15s to £l5; medium heifers £lO to £l2 10s; light heifers £7 10s to £10; extra prime cows to £l5 17s Cd; prime cows £l2 to £l4; medium cows £9 15s to £ll 15s; light and aged cow.§ £6 10s to £8 10s.

Vealcrs. —The entry was small and the quality on the poor side. Butchers sorts showed a rise in price, the top figure being £9 Is. Store cattle.—A very small ■ entry, and a keen sale. Two and a-half year steers sold to £lO 17s 6d; cows to £7 15s Id; yearling steers to £4 16s Id, and yearling heifers at £4 7s fid. Dairy cattle.—The yarding of dairy cattle was smaller and the sale was an average one with good cows and heifers at the drop sought after. Best cows £l5 to £l7 10s, and heifers £l3 to £lB.

Fat pigs.—-The entry was a small one, and there was a good market. Porkers showed a sharp advance in prices. The value per lb was from 8d to 9d. The price per lb for bacon was from GJd to 7d. Baconcrs made from £3 10s to £4 18s Gd and porkers from 37s to £3 6s 6d. Store pigs.—A large entry, but very firm sale with an improvement. Weaners 6s to 9s; better 10s to 14s 6d; stores 12s to 225, large 24s to 335.

WOOL SALES AT LONDON. WITITDRAWALS FREQUENT. By Telegraph—Press Assn.—Copyright. London, July 10. At the wool sales 8G42 bales were offered, of which 1522 were New Zealand. There was a good and representative selection of Merinos, suitable for topmakers and spinners, but a poor offering of other descriptions. It was a quiet market with frequent withdrawals. Tho opening prices were confirmed. The New Zealand clip, Acland, greasy halftred, brought top price 17d, average 16d,

Hams Buying. Selling. 1 H Bacon (sides) .... 11 Bacon (rolls) 1 li Butter (creamery), (pats) 1 S Butter (best separator), pats 1 2 1 1 Butter (separator), (lump) 1 1 1 3 E<to-3 2 2 2 6 SHARE MARKET BUSINESS.