FINANCE AND COMMERCE

Taranaki Daily News, 12 June 1930, Page 20

FINANCE AND COMMERCE

LIVE STOCK SALES. PRICES AT FRANKTON. LATE RATES MAINTAINED. Hamilton, June 10. . ' There wag an average yarding of beef at the weekly stock sales at Frankton to-day, prices generally being on a par ■with late rates. Fat sheep came forward in average numbers, late rates being maintained. A small yarding of store cattle and a large yarding of dairy cattle realised average prices. There was a full yarding of fat pigs, stores being offered in lesser numbers. Prices: Heavy fat bullocks, £l3 las. to £l4 55.; medium, £l2 to £l2 10s.; light, £lO 16s. to £ll 12s. Gd.; prime fat .cows, £lO 6s. to £ll 7s. 6d.; heavy fat cows, £8 17s. Gd. to £10; medium, £7 ss. to £8 12s. Gd.; light, £5 10s. to "■'■■- '£7; forward,- £4 10s. to £5 2s. Gd.; good quality Shorthorn steers, four years, £8 10s. to £10; mixed sex calves, 12s. to £1; fat wethers, 245. to 265.; two-tooth wethers, 225. Bd. o 235. ‘3d.; fat ewes, 175.; mixed sex hoggets, Ils. 9d. to 145.; woolly wether hoggets, 165.; woolly ewe hoggets, 17s. Gd. to 19s. Gd.; two-tooth ewes in lamb, 235. 7d. to 235. 9d.; four and five-year Southdown ewes in lamb, IJgns. to ligns.: heavy chopper's, £4 to £4 125.; light, £3 to £3 155.; heavy baconers, £3 3s. to £3 65.; medium, £2 18s. 6d. to £3 Is.; light, £2 12s. to £2 165.; heavy porkers, £2 to '£2 10s.; light, 325. Gd. to 375.; stores, 285.. to 315.; weaners, 9s. to 14s. ADDINGTON STOCK MARKET. EASING IN FAT SHEEP VALUES. By Telegraph.—Press Association. % Christchurch, Last Night. ; The chief features of the weekly market at Addington to-day were easings in • values for . both ' fat sheep and fat lambs. In these departments the entry was a heavier one than at the last market. In the case of light lamb's, the decline was most noticeable and in cases, was up to 2s a head on last week’s rates. The average decline over the whole sale was Is a head. An oversupply of fat shcep-caused an easing of Is a’ head for wethers and Is to Is 6d a head for ewes. For fat cattle the sale, despite the heavy entry, was a steady one’ for any lines showing quality, and last week’s values' were fully maintained. The entry of store sheep was small and the sale was steady without any alteration in values. Both lamb .and adult'sheep were pen.jied in small numbers and although 1 there was only a moderate attendance the sale was a steady one with no alteration on last week’s basis of values. Values were: —Good ewe lambs, 18s 9d to 19s 6d; wether lambs, 6s 9d to 7s , fid; ordinary m.s. lambs, 9s to 13s Gd; backward lambs, 8s to 8s 6d; best twotooth half bred ewes, 21s to 23s 10d; good two-tooth halfbred ewes, to 20s; ‘good six and eight-tooth ewes, to 22s 3d; sound mouth half bred ewes, to 13g 4d; sound and failing mouth halfbred ewes, 6s 9d to 7s 6d; best four- ■ tooth crossbred ewes, to 24s 3d; good s.ni. crossbred, 16s to 18s; ordinary s.m. crossbred,, to 13s; good six and v. eight-tooth halfbred wethers, to 19s 7d; / ordinary six and eight-tooth half bred wethers, 10s to 13s 4d; two-tooth halfbred wethers, to 14s lOd. Of fat lambs the entry was 3726, with a big proportion of light sorts. ..There was an average decline of Is a head on last week’s rates , and the drop was up to. as much as 2s a head on the lighter - sorts. • Values were: Extra prime lambs, to 29s lOd; prime lambs, 24s Gd to 275; medium lambs, 21s to 245; light lambs, 17s to 20s; store lambs, 14s 6d to 16s 6d. An entry of 5550 head of fat sheep constituted an over-supply and in consequence a decline of up to Is to Is Gd a head on both classes was recorded. Values were: extra prime Wethers, to 345. lOd; prime wethers, 27s 6d to 30s; ■ordinary wethers, 23s 6d to 265; light wethers, 17s 6d to 22s 6d; show ewes, to 33s Id; extra prime ewes, to 28s lOd; prime ewes, 20s to 235; ordinary ewes, 6s to 19s 6d; light ewes, 13s to 15s 6d; aged ewes, 10s to 12s fid. A total of 465 head of fat cattle was penned and the sale was a very steady one - with very little alteration in values. Best handy weight steer and heifer beef made from 40s to 44s per 1001 b; best heavy weight steers, from 35s to 38s Gd; medium quality beef, from 34s to 36s 6d; good cow, 32s 6d to 34s Gd; secondary, to 325; rough, down to 25s per 1001 b. Values were: Extra prime heavy steers, to £2l 17s 6d; prime heavy steers, £l5 15s to £lB 10s; prime medium weight steers, £l2 5s to £l5 10s; medium quality steers, £9 10s to £l2; light steers, £7 to show heifer, £l7 2s /id; extra prime heifers, to £l4 12s 6d; prime heifers, £lO to £l3; medium heifers, £7 15s to £9 15s; light heifers, £6 to £7 10s; show cow, £l5 12s 6d; extra prime cows, to £l5 12s Gd; prime cows, £9 15s to £l2 ,ss; medium cows, £7 5s to £9 10s; light and aged, £5 to £7. Of vealers there' was a very small entry and in consequence of the shortage a sharp rise in prices was recorded which amounted to from 15s to £1 in the case of the best big vealers and tip to 10s for the smaller ones. The top price was £B. Of store cattle there was the shortfest entry for some time, but it was a, good sale for those forward. A line of three-year-old Shorthorn steers made £lO 2s Gd, a pen of 18-months steers, £5 Is, and a pen of cows £4 2s 6d. (Potting bulls sold up to £4 15s, Amongst a dairy cattle entry of G 9 (head there were few good cows offered and the sale was a dragging one with a decline in values. Values were: Best second and third calvers, to £l7; good Second and third calvers, £ll to £l3; medium, £8 10s to £lO 10s; aged and backward, £3 to £7; good heifers, £ll 10s to £l3 10s; medium, £8 to £lO 10s; others, £9 10s to £7 10s. ” The fat pigs entry was small in both classes and prices were a little firmer. Values were: Choppers, £3 18s 6d to £6 13s 6d; porkers, 45s to £3 8s Gd (average price per lb 7£d to 8d); baconers, £3 12s 6d to £5 (average price perlb to 7d). Of store pigs there was h very small yarding and competition (Was keen. Values were: Large stores, SQs . to 36s 6d; medium, 22s to 28s;

small, 17s 6d to 21s fid; slips, 13s to 16s 6d; weaners, 8s 6d to 12s 6d. BEEF PRICES MAINTAINED. RATES AT WESTFIELD MARKET. ' Auckland, Last Night. At the Westfield, fat stock market ox beef was offered. in numbers well up to the usual. The quality was first-class and with a steady demand last week’s values remained firm. No extra heavy bullocks were penned. Prime heavy weight bullocks realised £l4 12s 6d to £l4 17s 6d; medium prime, £l3 7s 6d to £l4; light prime, £ll 17s 6d to £l2 15s; light and Unfinished, £lO 5s to £ll. Cow and heifer beef was yarded in average numbers, the quality hardly being as good as last week’s offering. All well finished young sorts were in good demand and- values were on a par with late rates. No extra prime heavy cows and heifers were offered. Prime heavy cows and heifers realised £9 to £9 15s; medium prime, £7 17s 6d to £8 10s; light prime, £6 2s 6d to £7 ss; light and unfinished, £4 5s to £5 2s: extra choice ox sold to 38s per 1001 b; choice and prime, 36s to 37s 6d; plain and secondary, 33s to 355; prime young cow and heifer, 31s to 33s 6d; just killable, 25s 'to 30s. Sheep were offered in barely up to usual numbers. There Was an improved demand and values hardened appreciably on late rates. Heavy prime wethers realised 30s 9d to 31s 6d; medium, 28s 6d to 29s 6d; light and unfinished, 25s 6d; heavy prime ewes, 225; lighter, 19s 9d to 20s; other ewes, 17s 6d. Lambs came forward in lesser numbers than usual and sold steadily at full late rates. Heavy prime lambs made £1 to -22 s 6d; medium, ISs to 19s; light, 15s to 17s. Calves were yarded in rather larger numbers and in the early part of the sale sold at* well up to last week’s rates, but the demand tended to slacken toward the end of the sale, this being most noticeable in the sales of late entries. Runners brought £4 10s. to £6 ss; heavy vcalers, £3 Ss to £4 9s; medium, £3 to £3 7s; light, £2 10s to £2 18s; rough, £1 to £2 ss; small, £2 2s to £2 8s; small and fresh dropped, 6s to 18s. Pigs of all classes were yarded in smaller numbers and in consequence prices all round showed a slight advance on last week. Choppers made £2 6s to £3 12s; heavy baconers, £3 10s to £3 17s; medium baconers, £3 4s to £3 10s; light baconers, £2 15s to £3 3s; heavy porkers, £2 10s to £2 17s; medium porkers, £2 2s. DAIRY PRODUCE MARKET. The butter market is reported as steady at 128 s. to 1305., and'cheese is quoted at 78s. to 845., in cabled advice received by the Farmers’ Co-op. BUSINESS ON SHAREMARKETS. Wellington. June 11. —Reported sales: 5J per cent. Inscribed Stock, 1937,' £97; Bank of Adelaide, £7 7s. Cd.; South British Insurance, 60s. Id. Dunedin, June 11. —Okarito, Bs. fid. Auckland, June 11.—City of Auckland, 1929, 5| per cent., £96; Union Bank, £l2 2s. 6d.; Dalgety and Co., Melbourne register, £ll 65.; Goldsbrough, Mort, 325. 3d.; Huddart, Parker, pref, (two lots), 19s. 10d.; N.Z. Breweries, 51s. 9d.; Mount Lyell (late sale Tuesday), 295. 6d. Christchurch, June 11. —Sales on exchange: Australian Bank of Commerce, 255. 3d. (3 parcels); National Bank of Australasia, £5 paid, £7 155.; Bank of New Zealand (cum. div.), 10s.; New Zealand Insurance, 465. (2 parcels); Goldsbrough, Mort, 325.; Staples’ Brewery, 475. fid. Sales reported: New Zealand Breweries, 51s. 9d.; Electrolytic Zinc (pref.), 275. BRADFORD WOOL STRIKE, SORTERS RETURNING TO WORK. Rec. 8.30 p.m. London, June 11. At Bradford a mass meeting of wool sorters, decided, to return to work on .the ’ employers’ terms.