TARANAKI STOCK MARKET

Taranaki Daily News, 10 May 1930, Page 15

TARANAKI STOCK MARKET

LITTLE CHANGE DURING WEEK BUYERS LACK CONFIDENCE. MUTTON SLIGHTLY IMPROVED. The market throughout remains unchanged and .the g icral tone leaves a lot to be desired, states Newton King Limited’s stock market report for the week. Contrary to the position at this period last ye,.r, paddock sales of any consequence are few and far between, and with the exception of the moderate entries that are coming forward to the various sales, business is exceedingly quiet. The market for beef has not effected any change during the week and butchers’ requirements are being filled at prices a little in advance of those that are being offered by freezing work's buyers. Best cows are realising from £9 to £lO, while medium classes are being purchased at f . om £7 to £B. Second quality sorts are making from £5 to £6 10s, .

The mutton market, if anything, has a hardening tendency, but nothing of any marked degree since the last report has been put into effect. Best wethers are being purchased at from 25s 6d to 26s 6d, while fat ewes are realising from 18s to 20s. The limited inquiry that exists for store sheep, together with the pessimism that is shown by prospective purchasers towards the outlook, has resulted ‘in few sales of any consequence being effected, and until brighter prospects are in evidence it is only natural to conclude that little business in this section will be transacted. Continued lack of interest is still in evidence in the store cattle section, and this has resulted in very few of this class coming forward to the sales. For the few entries that t?e submitted the prices offering by prospective purchasers are much lower than those expected by vendors.

The buoyancy in the weaner heifer market falls far short of that which was in evidence at this period last year, and the good entries of this class that are being submitted are not meeting with a ready demand, except where top quality cattle are in evidence. At auction best ■ cattle can he purchased at from £-i 5s to £4 10s, while good sorts are making from £3 10s to £3 15s, the mixed coloured and poorer bred sorts being exceedingly dull of sale. The inquiry for in-calf heifers at a price has shown a slight increasing tendency during the week, but not sufficient to relieve the certain degree of concern that is in evidence wi‘h holders of this class of cattle, and with the smaller number of forward delivery sales that

has been effected this year more heavier supplies are offering than in previous seasons. However, from all accounts and as is expected each year, increased numbers will be required for replacements, and provided cattle of this class are not permitted to go back ready markets will be found for the supplies at prices in accordance with the general outlook.

Prospective purchasers are operating at up to £ll 10s r r one truck lots, while larger lines selected from the various quotations are being purchased at from £9 10s to £lO 10s, according to quality and the number selected.

The pig market is showing a further easing tendency which is naturally the .result of t>’e sho ‘ening of feed supplies. However, as compared with previous seasons the market has kept very firm throughout and vendors now realise that lower figures must 1 ? expected, and for the most part the markets are being met and full clearances are being effected. The following figures are a guide as to the operations of purchasers. Large stores in good condition are quoted at 28s .to 30s, well-bred slips 20s to 235, best weanefs 12s to 15s,.others 7s to 10s. . BUTTER AND' CHEESE STEADY. The butter and cheese market in London is steady, Mr. E. Griffiths lias been advised. New'< Zealand finest is quoted at 129 s to 130 s, first at 127 s to 128 s, Danish at L3os to 132 s and Australian at 126 s to. THOk ‘ ‘

: NeW ‘‘Zeafend' white cheese is ,83s to ■ 84s and N'e'W Zealand coloured 87s to 88s. ' . The firm'd!S. Turner and Co. was advised thafilid’butter market was quiet and buyers' #ere ' inactive. Danish was 1365, New' Zealand 130 s and Australian 128 s. Thb'eneese market was slow'with holders mepthig"buyers. White was 82s to 83s and'kdidured 87s'to 88s. • 1 • LT Vi • i • WOOL •'•SALES IN LONDON. ! ' ■ •iwi ' ’• ’ THE QUANTITIES AVAILABLE. ' ' • :i .London* May 8. Revised figure's, show there are avail-, able for the‘wool Sales on May 13 54,000 bales of New Zealand and 56,350 bales of Australian. ■ ■-' i '