FINANCE AND COMMERCE

Taranaki Daily News, 1 November 1929, Page 15

FINANCE AND COMMERCE

ADDINGTON LIVE STOCK BEEF VALUES DOWN. LAMB AND FAT SHEEP FIRM. Christchurch, Oct. 30. Store sheep entries were larger at Addington market to-day, and those in most other sections smaller. Beef values declined still further, but fat sheep and spring lambs sold soundly. Store sheep had a much heavier entry mostly of hoggets and wethers. , These sold slowly, and were down by about Is 6d a head. Ewes and lambs showed little change. Passings of dry sheep were numerous.

Good halfbred ewe hoggets, 22s 6d to 26s sd; good half bred wether hoggets, to 22s Id; good half bred wether hoggets (shorn), 15s 9d to 16s 9d; medium halfbred hoggets (shorn), 13s to 14s 6d; good, mixed, sex hoggets, 20s to 23s : Cd; good three-qnarterbred ewe hoggets, to 34s Gd; good three-quarterbred wether hoggets, to 23s Id; sound-mouthed halfbred ewes (shorn), with lambs, to 18# ,3d; aged and. failing-mouthed hah'bre'h ewes,, with lambs, 8s lOd to 15s Gd; good four-tooth halfbred wethers, to 27s 3d;; good four and six-tooth halfbred wethers, to 25s 8d; good four and six-tooth halfbred .wethers (shorn), to 21s 4d; backward half bred wethers, Ils Id to 17s 3d,

Spring lambs. —490 were yarded, and there was a brisk sale, values averaging about 10d,a lb, The bulk of lambs; averaged from 27s to 31s, with specially good up to 345, . Fat. sneep.r-'-An entry of ~45-00, compared with 6000 last -, week. Though . prices were irregular, the . market. show;ed a slight recovery on last week. Lines' .were forward from the North Island, Otago-and .Southland. iExtra prime heavy, wethers, t0.49s Id; prime heavy wethers, 39s to 445; medium weight prime wethers, 34s to 38s; ordinary wethers, 30s to 33s Gd; light wethers, 28s to 29s 6d; best shorn wethers, 32s 6d to 35s lOd; ordinary shorn wethers, 25s 6d to 28s; extra prime heavy ewes, to 41s lOd; prime heavy ewes, 35s to 395; prime ewes, 32s to 345; ordinary’ewes, 27s to 31s; light and aged ewes, 24s to 26s 6d; shorn ewes, to 27s lOd; ordinary shorn ewes/ 22s to 245. FAT CATTLE AGAIN EASIER. Fat cattle.—36o were yarded, over 100 coming from the North Island". There was a further casing from 20s to 30s on big cattle, and about 20s on other sorts. Best beef made 48s to 51s; heavy, 41s to 44s Id; medium quality, 43s to 465; best cow, to 455; and secondary down to 35s per 1001 b. .Extra prime heavy steers made to £l4 2s 6d; heavy prime steers, £l-8 10s to £2l 10s; medium prime steers, £l7 15s to £2O; ordinary quality steers, £l4 5s to £l7 10s; light steers, £ll 10s to £l4; extra prime heifers, to £l7 17s Cd; prime heifers, £l5 to £l7 ss; ordinary heifers, £l3 5s to £l4 15s; light heifers, £9 to £l2 15s; extra prime .cows to £l6 17s 6d; prime cows, £l4 15s to £l6 10s; medium cows, £l2 15s to £l4 10b; light and aged cows, £8 to £l2. Vealers.— The best brought to £8 6s; good calves, to £3; others, 14s to 30s. Store cattle.—A few good coloured lines. Forward-grown bullocks made to £l3 16s 6d; 20-month to 2-year heifers, to £8 6s; yearlings, to £4 Is; and fresh cows, £8 8s to £lO 15s.

Dairy Cattle—An easier sale. Best second to fourth calvers, £ll to £l3 19s; good, £9 to £l9 19s; best heifers, to £ll 10s; others, £8 to £lO. Fat Pigs.—A slightly easier sale. Choppers, £3 to £7 Ils; baconers, £3 15s to £5 6s; average price per lb, 7i to 8d; porkers, 48s to 58s Gd; average price per lb, 8d to 9Jd. Store pigs.—A brisk sale with hardening prices. Large stores, 40s to 525; others, 28s to 29s 6d; slips, 25s to 295; weaners, 18s to 295. BURNSIDE VALUES DOWN. FAT CATTLE AND LAMBS SLUMP. Dunedin, Oct. 30. To-day’s stock sale at Burnside was by no means in favour of the producer. Fat cattle and fat lambs slumped rather badly, and fat sheep held their owii with difficulty.' Store cattle' were not in very keen demand, but pigs experienced'a' firm s’ale; " ‘ The fat cattle/yarding numbered 190 head, comprising fair quality and a large' proportion of medium-weight steers. It was an extraordinary sale, particularly in view of the short sup-

ply. Opening values were fully 15s in advance of last week, but as the sale progressed the brisk inquiry disappeared until some of - the final offerings were bringing from 30s to 50s per head below par. Instead of a hardening of price there, was a slump, and several races were passed. Prime heavy bullocks made from £23 to £25; prime to £2l; medium to £18; and light to £l6. The best heifers were worth £l6; medium from £l2 to £l3 10s; and prime cows to £l5. The present-day spell made graziers extremely cautious when the store cattle were put up. Butchers’ sorts sold well, but all other lines were distinctly easier. ; There' were only 1600 fat sheep' penned, this fact probably saving the market. The quality was good, but heavy sorts were not plentiful. Medium weight wethers and ewes with a few shorn sheep made up the penning. Good prices were expected, but the opening races dashed such hopes to the ground. Early values were up to 2s below late rates, but there was' a later''recovering which kept the average price up to last week's level. Prime heavy wethers made from 50s to 51s; prime, 46s to 48s; handy weights, to 425; and light and medium, from 28s to 38s. The best ewes made up to 38s, a few extra heavies bringing 43. Prime made 32s 6d; light, from 28s to 30s. Shorn wethers were worth 33s 3d; light and medium shorn, 24s to 28s; shorn ewes made to 275; light sorts going at from 22s to 255. A large entry of fat lambs, 150 in all. was greatly in excess of reqiiirements, witli the result that values fell early by from 3s to 4s. Closing, quotations were fully 5s below par. . The best prime heavies made only 35s 9d; ami light and medium were worth from 23s to 31s. • The pig market was the one bright spot in the sp.le t ,,£qt,s .being,dearer by! from 5s to. 10s a head, and stores remaining firm at .late - rates. . ' . MASTERTON CATTLE. FAIR. . ' '. At their cattle fair, in . the Columba l ' Road yards, Masterton, the New Zealand; Co-op. Distributing Co., Ltd., offered, a good yarding of cattle well up to advertised numbers.. The-bidding at auction was not brisk for grown steers or two-year heifers, but yearlings and forward station cows sold particularly well at advanced prices on.recent sales. Buyers were present from Manawatu, Wanganui and., the'. Lower ;Val]ey, : and' although several .pens .were passed in at! auction the whole yarding (with the exception of three pens) was disposed: of at the following prices:—Account Groves Bros., “Bushgrove,” 3 and 4-year S.H. bullocks,. £lO 6s to £l2 3s;. cows with calves at foot, £7 14s; fat cows, £0 18s 6d; store cows, £7 10s. Account D. H. Speedy, “Flag Greek,” 2-year H. : •steers, £7. 8s to £8 6s; yearling H. steers, £6 Ils. Account A. J. Speedy, “Awatea”: Fat cows, £lO 10s to £ll Is; forward cows, £8 18s. Account H. Bennett, Tinui: Yearling P.A. steers, £6 2s to £7; store, cows, £6. Account W. H. French, Tinui; Yearling P. A. steers, £6 4d; fat heifers, £9 Is to £ll Ils; yearling P.A. heifers, £4 15s; store cows, £6 2s. Account C. 11. ■ McKenzie, “Hill End”: Fat cows, £ll 14s. Account A. Ross, Longbush: Fat cows, £lO 18s. Account J. H. Cameron, Tinui: 3-year H. steers, £lO, Account Robt. Judd, Ihuraua: 2-year P.A. heifers, £6 15s. Account “Triangle”: Cows and calves, £9 ss. Account H. W. Lee and Son: Two 2-year P.A. bulls, 24£gns. Account other vendors: Store bullocks, £l-0 to £ll 7s 6d; forward station cows, £6 to £8 2s; 2-year H. and P.A. heifers, £5 16s to £0 15s; small yearling steers, £5 to £5 17s; ■ yearling heifers, £4 Is to £4 14s; spring heifers, £6 to £8; Jersey bull, £8 15s. JOHNSONVILLE PRICES. At Johnsonville sale a full yarding of all classes of stock was offered by Wright, Stephenson and Co., Ltd., and Abraham and Williams, Ltd., to a large attendance of buyers. The quality of the cattle offered was good, and competition was keen at reduced limits. Prices showed a decline of 20s per head as compared with last week’s sale. A consignment of vealers met with a brisk demand. The sheep offered were mostly shorn, wethers and ewes, with a few pens of woolly ewes. Prices for shorn wethers and ewes were slightly easier than late rates. Woolly ewes showed a decline to the extent of 2s 6d to 3d per head. Spring lambs met with a ready sale on late rates. The range of values was'as follows :- Extra heavy bullocks, £l7-10s to £18; heavy bullocks, £l5, £l5 10s, £l5 17s 6d, £l6, £l6 10s; medium bullocks, £l3 10s, £l3 15s, £l4; medium heifers; £ll, £ll 10s, £l2 10s; vealers,. £1 17s 6d, £2 15s, £3 10s, £4,7s 6d, £4 10s; woolly wethers, 395; heavy , shorn wethers, 31s, 325; medium shorn wethers, 28s; heavy woolly ewes, 30s; medium shorn ewes, 20s 9d, 21s 6d; shorn hoggets, 245, 26s 6d; spring lambs, 27s 6d, 28s, 295, 30s, 325.