FINANCE AND COMMERCE

Taranaki Daily News, 7 February 1930, Page 16

FINANCE AND COMMERCE

LIVE STOCK MARKETS SALE AT ADDINGTON. BEEF AND LAMB FIRM. ' Christchurch, Feb. 5. At the weekly riietropolifanynarket at Addington to : day, fat sheep ‘values recorded a decline on last week’s sale. Beef values remained firm, as also did prices for fat lambs. Store lambs were yarded in big numbers and-sold at advanced ?ates, while a big yarding of store sheep sold firmly <at late rates. . Store lambs. —The heaviest entry of the season was yarded, and the quality was better and prices firmed by Is a head. Values were: Good rape lambs, 20s Gd to-21s fid; medium rape lambs, 18s (Jd to 20s; backward wether lambs, 15s to 17s; best in.s. lambs, to 225; good in.s. lambs, 18s to 20s fid; ordinary m.s. lambs, 15s to 17s; cull lambs, 10s fid to -.lds; ordinary ewe lambs, 20s to 21s • 'ta: • . • . i Store sheep—A heavy entry, mainly from outside Canterbury province, including :lines-from the ;Chatham; Islands, Nelson,' the Sounds district, West Coast and Otago. Values remained firm at ■ last week’s rates. Store, sheep' values were as follow-Good 4 an( l 6-tooth-halfbred wethers, 16s to 18s; ordinary 2-tooth halfbred wethers, 17s to 18s Cd; backward 2-tooth halfbred wethers, to 15s 3d; good 4-footh crossbred Wethers, to 255; .good 4-tooth Romjney wethers to 245. 3d; , good 2-tooth " halfbred ewes to 30s; ordinary ( 2-tooth halfbred ewes, 23s to . 24s Cd; ! backward. 2-tooth half bred ewes, to 20s; ordinary s.m. half bred ewes, 19s. to 225; Sound and failing-mouth half bred ewes, ' 15s to 17s; good 4, fi and 'B-tooth Romney 27s to 28s Cd; medium 4, 6 •«nd 8-tooth Romney ewes,. to 26s Cd; backward 4, 6 and 8-tooth Romney ewesj to 18s 6d; , sound-mouth crossbred ewes, 18s to 20s.‘ ' •< J Fat lambs. —Ah entry of *2830 (a decline of 500 on list sale). Prices reinain- ■ ed firm at from Sd to 83d per lb. Values Were: Extra prime lambs, to 30s 4d; ' prime lambs, 26s 6d to 295; medium ' lambs, 23s to 2os fid;-■-light lambs, 20s ' ,to 22s Cd. ' ' . ' Fat sheep.—The heaviest entry since December, comprising 11 races as against six races last week, -Values were easier by Is to Is 6d a head for all. classes and pp to 2s a head for heavy ewes. Values ■Were: Extra prime wethers, to 34s lOd; prime wethers, 30s to 32s r medium wethers, 25s Cd t, 29s;'light wethers, 21s Id to 255; extra prime ewes, to 28s 4d; I prime ewes, 24s t 0.275; ordinary ewes. 19s to 235; light ewes, 14s 6d to 17s fid. , ( Fat cattle.—Entry of 470 head, compared with 400 last week. One line of iiteers from the .North Island was included. ' Values remained .firm _ at last week’s rates. Best medium weignt * prime beef made from 44s to 47s per• 1 fb. ■ Good medium weight prime beet made from 40s to 43s per 1001 b, heavy steer beef, 40s to 42s 6d, good coW beef. —to 395; secondary, 32s to 355, and light • and rough, to 295. Values were as follow:—Extra heavy prime steers, to L 23 js 6d; heavy prime steers, £lB 10s to '£2l 10s; medium weight, pr.irrie steers, ' f£l7 to £l9; ordinary steers, £l3 to £l6; li"ht steers. £lO to £l2 10s; show heifer, £l7 7s Gd; extra prime hmfers to £l6 17s 6d; prime heifers £IJ Ws to £l5; ordinary heifers, £ll to £l3; lio-ht heifers, £7 10s to £lO 10s; show feow, £l7 7s fid; extra prime cows, to [£■l6 7s fid; prime cows,'£.l3 to £l4 10s; medium cows, £lO to £l2 10s; ligh ’and aged, £7 to £9 10s. ’ Vealers'—A small entry and a brisk ■ bale at last week’s rates. Top price was £l2 Ils. Good vealers made from to £5 ss; best calyers, £2 13s to £3 Bs; others, 17s to 40s. ' Dairy cattle.—larger yarding than Usual, and a spirited sale. Good quality cows and heifers sold'at advanced rates. Other sorts showed no change. A Sh°rt- ■ horn second ealver brought £lB 10s; . .. good, second arid third calversT, £l4 to ,„[£ls 10s; others, £6 to £l3; good heifers, £l3 to £l5; others, £8 to £l2. Store cattle.-rA mixed quality yarding and a satisfactory sale at- late rates. ■Two-year steers brought up to £9. lotting bulls sold , well, the top price being [£l6 ss. ■• . ' ' . x * Fat pigs.—A medium entry, and values a little easier. Choppers, 50b to £8 Is; baconers, £3 15s to £6; average price per lb, 7d to Bd. Porkers, £2 10s to .‘£3 8s Cd; average price .per lb, 8-Jd to ejd, , ' Store pigs—A small entry and a good sale. W.eaners showed a sharp rise on ■late rates. Stores, 34s to. 535;, slips, 30s ‘Jo 335; weaners, 22s to 31s.

DUNEDIN MARKET.

FAT STOCK FIRMER. ■ ' Dunedin, Feb. 5. Fat sheep and fat lambs were dearer jfit the Burnside stock sales to-day, but fat cattle showed little change from last Week’s rates. Smaller entries in the £at sheep and fat lamb peris had the effect of stimulating competition to some extent, but the .sale generally was irregular. There were 1000 head of fat sheep forward, prime wethers being in particularly short supply, while there was a fairly, large percentage of old ewes. Good prime wethers were worth 3s per head more than was the case last week, and ,t>wes advanced by as much as 4s per head. Towards the close of the sale, however, values eased slightly. Prime wethers made to 36s 9d, light to 30s and good, heavy ewes brought up to 28s; old and light sorts made from 18s to 22s 6d. Good wether mutton was worth up to" sld per lb, and prime ewes made 4£d per lb. , - • The fat lamb yarding included a fair average quality, though there was a Shortage of really prime sorts. The short supply sent prices up by 2s a head for good handy weights, and light and-plain sorts were dearer by about Is % head. Values per pound were in the vicinity of 7£d for heavier sorts, and BJd for lightweights. There were 168 head of fat cattle in the yards, comprising some good heavy bullocks and a fair proportion of prime cows and heifers. The bulk of the yarding however, was made of light and plain sorts. At the outset the demand was fair, with values about on a par with those ruling at last weeks sa e, tut there was a slight casing towards the end of the-sale. The best heavy bullocks made just over £2O, and good prime medium-weights were‘.worth fiom £l5. Good cows sold well and heifers

with any quality were easily disposed of. Tlie store cattle market little change from last week. Good two-year-old steers were'worth £lO, and young bullocks made as much asi<£l3 10s. Cows and heifers made from £7 to £ll, according to quality. There -was quality in the pig entry with a good demand, and prices were firm at late rates. Baconers made up to 9d per . lb, and good porkers were worth from 9d to lOd.

JOHNSONVILLE VALUES.

At Johnsonville on Tuesday Wright, Stephenson and Co., Ltd., and Abraham and Williams, Ltd., submitted an average yarding of all classes of stock. Bullocks comprised mostly medium to light-weight cattle, and a good sale resulted at prices on a par with last week's rates. Wethers met with good competition at last week’s rates, out ewes were slightly easier. The quality of the lambs, with the exception of a few pens, was not up to the usual standard A "ood sale, however, resulted with no alteration in 'prides. Vealers were in keen demand. Prices were as follow:— Heavy bullocks, £lfi 10s, £l6 2s fid £l6; medium bullocks, £l5 15s, £l5 12s 6d, £l5 ss, £l5, £l4 17s fid; light bullocks, £l2 7s 6d, £11.17s 6d, £ll 10s; heavy cows, £ll 10s, £ll, £lO 15s; cows, £9, £8 10s; light cows, £7 12s Gd, iT 7s 6d £6 7 s Gd; vealers, £4 10s, £3 12s, £3 Is, £2 2s, £2, 355, 30s. Heavy 'wethers, 295; 28s, 27s 9d, 275; wethers, 265, 25s fid, 24s 6d; heavy ewes, 19s, 18s 9d, 18s; ewes, 17s, 16s. Heavy lambs, 265, 245, 23s -6d; lambs. 21s, 203 fid, 20s, 19s.

TARANAKI SHEEP FAIRS

PRICES AT REDUCED' SCALE. MARKET MET CHEERFULLY; Messrs. Newton King, Ltd. have just completed a series of sheep fairs at Uruti, Mahoenui, Awakino and Okau, and the entries received for each fixture, the steady competition in evidence throughout/ and also the splendid clearances effected at the hammer indicated that the sales were, very successful. As was anticipated, prices throughout were on a reduced scale compared with last season’s fairs, but in the majority of cases vendors -were prepared for the reduction and met the market cheerfully. Judging by reports of fairs held in-other centres the prices throughout compared most favourably with them. The opening- fair was Uruti, on Saturday last, when an excellent entry was submitted to a splendid bench of buyers. The principal quotations were: Two-tooth’wethers 21s. 2d., 215., 20s. sd. down to 18s? Id.; '■■medium two-tooth ewes 26b; The top price for four and five-year-old ewes was obtained by Mr. D. Mcßean for his annual draft, it realisin'* 21s. lOd. Other quotations for similar “aged sheep 19s, 18s. 9d. Good mouth ewes lacking condition realised from 13s. to 14s. 9d.; slightly better condition realised up to 16s. 10J.; good ewe woolly lambs 16s. 9d.; m.s. woollies 15s. 6d.; medium- m.s. shorn lambs 11s. 9d., 125.; cull lambs 6s. 3d. to 9s. Id. , L At Mahoenui the full advertised entry of over 3000 sheep came forward, consisting, mostly of breeding ewes of very good quality —quality has always been a feature of Mahoenui sheep. The-sale opened on two-tooth wethers, and these realised as follows: • 21s. 9d., 21s. Cd.; four-tooth wethers showing Down cross 20s. 9d. The top price for four-year-old ewes Was obtained by Mr. J. K. Black, his annual draft realising 235. Id. Other lines sold at 225. 6d., 225., 21s. 10<l., 20s. Sound mouth ewes- in low condition 12s. to 13s. Del.; medium-sized twotooth ewes 245.' Cd., 245.; extra good shorn wether lambs 14s. 4d.; woolly wether lambs 14s. fid.; fat ewes 18s. Taranaki and King Country buyers operated freely at this sale, and the entry was well distributed. • At Awakino there were between 6000 and 7000 sheep yarded, representing one of the best-quality offerings we have had. in these yards for many years. It attracted a large bench of buyers both from Taranaki and the King Country, the former accounting for the majority of the ewes, whilst the latter absorbed the wethers; The entry of- lambs was large and, for the most part, of good quality, but the sale for these was a patchy one and not so good as compared with the other fairs. Principal quotations were four-year-old ewes from Nukuhakere Station 255., 245.; annual draft from-the Pioi Station 225. 5d.; o£her lines of four and five-year-old ewes realised a? follows: 21s. Cd., 20s. 9d., 20s. 3d., 20s. down to 17s. 9d.; similar age ewes in light condition 12s. to 155.; full and failing mouth ewes 10s. to 125.; two-tooth ewes 265., Cd., 255. 3d., 245. fid.; four-tooth wethers 225., 21s. Cd.; two-tooth wethers 215., 20s. 2d., 205.; good shorn wether lambs 12s. Cd.; m.s. shorn lambs 13s. lid.; medium m.s. lambs, shorn, 10s. to Us.; small ewe lambs 10s.; cull lambs ss. to 7s. Cd. At. Awakino we also had-an entry of 200 head of cattle, the whole of which sold under steady competition at the following rates: Four-year-old bullocks , £9 10s.; three-year-old bullocks, mostly of the Friesian breed, £8 ss. to £8 18s.; yearling to two-year-old steers, £5 15s. to £6 155.; weaner Polled Angus heifers £3 3s. 6d.; small yearling ditto, up to £4 165.; mixed coloured yearling steers up to £5; fat cows £8 to £9 17s. Gd. All store and forward cows sold well. Okau. —Five thousand sheep were yarded at Okau, which was the concluding fair of the series. It was fully up to the advertised'entry, and with the exception of one small pen of two-tooth evves and one pen of lambs we report a full clearance at the hammer. A.feature of this sale was the steady demand that existed for all classes, a particularly good bench of buyers coming from as far south as Hawera accounting for this. The sale opened on wethers, which showed a slight advance on Awakino figures as follows:—Two-tooth wethers 225. 4d., 21s. 2d., 20s. Cd.; four-tooth wethers 225. 7d., 20s. Cd. The first line of ewes to be offered was from the Mohakatino Station, being their annual draft of four and five-year-olds, and these realised 20s. 9d. The advertised lot on behalf of Messrs. Patterson and Waddell made 19s. 9d. and 18s. Other lines of four and five-year-old ewes realised 20s. 2d., 19s. 7d., 18s. Cd. down to ICs.; good mouth ewes low in condition sold from 12s. to 155.; full and failing mouth ewes up to 125.; good shorn wether lambs 13s. 4d.; medium ditto 12s. Id., Ils. lid. down to lOa.; medium shorn ewe lambs 13s. 7d. down to 12s. Id.; m.s. woolly lambs 13s. 3d. to 145.; best m.s. shorn lambs 14s. Cd.; others from 9s. to 13s. Small lamb,s; syere well sought after at from 6s. to Os.*

RAM FAIR AT FEILDING.

PRICES LOWER THAN LAST YEAR. By Telegraph.—Press Association. Feilding, Last Night. . The annual ram fair opened to-day, 1271 flock romneys being offered. The sale opened dull and closed dull, b u t there were good sales during, the -day. The highest price was 1024 guineas, the vendor being T. E. Craine (Kiwitea) and the purchasers Henson Bros. (Feilding). Mr. Craine was ’most successful, securing the best average (over 12 guineas) for the whole sale. The average is probably two guineas below last year’s sale. Many lines were passed.

SHAREMARKET TRANSACTIONS.

Auckland, February 6. —Auckland Harbour Board, 1941.5 ix per cent., £lO3 10s.; Commercial Bank of Australia, 235. 6d. (three parcels); ditto, rights, 2s. Gd.; National Bank of Australasia, £l5 55.; Bank of New South Wales, £39; Bank of New Zealand, 565.;' Union Bank, £ll 3s. Gd., £ll 4s. (three parcels); New Zealand Insurance, 41s. 6d., 41s. 74d., 41s. 6d.; South British, 575. 6d.; Dalgety and Co., £l2 2s. 6d.; Grey Valley Coal, 265.; Devonport Steam Ferry, 235. Gd,; British Tobacco, 425. 9d.; Colonial Sugar, £42 5g., £42 7s. 6d.; Dunlop Perdriau, 21s. Gd.; Wilson’s Cement, 375. 6d.; Dominion Pictures, 21s. Christchurch, February 6.—Sales on exchange: Commercial Bank of Australia (rights), Is 11; Union Bank of Australia, £ll 3s 6d; Goldsbrough Mort and Co., 32s sd; Christchurch Gas, 26s 6d; New Zealand Refrigerating Co. (10s paid), 4s lOd; British Tobacco Co., 43s (two' lots);’ Colonial Sugav, £42, £42 10s, £42; Mahakipawa, 3Jd. Reported sales: Bank of New South Wales (cum div), £39 ss; Bank of New Zealand, 55s Gd; Mt. Lyell, 365, 36s Id. Wellington, February 6. —Sales on exchange: Wellington Harbour Board _SJ per cent, debentures (1940), £97 os; Union Bank of Australia, £ll 3s 6d; Goldsbrough Mort, 33s 6d.

BERLIN BANK RATE REDUCED.

By Telegraph—Press Assn. —Copyright. Berlin, Feb. 5. The bank rate has been reduced to 6 per cent.