FINANCE AND COMMERCE

Taranaki Daily News, 10 July 1930, Page 24

FINANCE AND COMMERCE

ADDraGTON STOCK MARKET.

RECENT VALUES MAINTAINED.

By Telegraph.—Press Association.

Christchurch, Last Night. The feature of the weekly metropolitan market at Addington yesterday was the inclusion in the fat cattle entry of 130 head of steers from the North Island. That was the third consignment to be brought down this winter, and like the others they were attractive prime heavy cattle. They sold fairly well. Despite the fact that the market was an irregular one there was little alteration in the basis of values as compared- with last week. There was a very small entry of store sheep and the sale was a dragging one with little alteration in values. Entries of fat lambs arc decreasing in numbers each week and yesterday's entry (765) was. the smallest to. date. They sold fairly well at late rates, although the lighter sorts were a little easier. Fat sheep camo forward in large num-

bers again and over an irregular sale

the basis of values was on a par with that ruling at last week's market. However, the sale closed firmly at advanced rates.

The store sheep entry was the smallest of the season and the quality was indifferent. There was an easier tone about the market and the sale was a dragging one with little alteration in values. Values were: Extra good fourtooth Corriedale ewes, to 31s 9d; good two-tooth Corriedale ewes, to 25s 9d; s.m. half bred ewes, to 15s lid; ordinary four, six and eight-tooth halfbred ewes, 13s 6d to 16s; good e.m. threequarterbred eiVes, to 12s lOd; aged ewes, 6s. 3d to 7s 9d; good ewe hoggets, to 16s Id; ordinary ewe hoggets, Ils to 13s 6d; wether hoggets, 5s to 8s; m.s. hoggets, to 9s 3d.

There was an entry .of 765 fat lambs, compared with 1355 last week. The majority were light sorts and there was a slight decline in value. Prime sorts sold well. Values were: Extra prime lambs, to 31s IM; prime lambs, 25s to 28s; medium lambs, 21s Gd to 24s Gd; light l lambs, 17s 6d to 20s 6d; store lambs, 14s to 17s.

Of fat sheep the entry was 4700, as compared with 4250. at the last sale. The West Coast and South Canterbury were represented. The sale was very irregular. There was a decline in values over the early stages, especially for heavy ewes, but later prices recovered and were in advance of last week’s rates at the end of the auction. On an average the basis of values ruling last week was unaltered. Values were: Extra prime wethers, to 33s lOd; prime wethers, 16s to 295; medium wethers, 22s to 255;. light wethers, 16s to 21s; show ewes, to 29s 7d; extra prime ewes, 16s to 2'ss; prime ewes, 19s to 225; medium ewes, 15s to 18s; light ewes, 12s to 14s; nged ewes, 9s to Ils. The fat cattle entry was 425 head, compared with 445 last week. Included were 130 head from the North Island, they being all prime heavy weight sorts. They sold well. The sale on the whole was an irregular one, but' there was little change in the basis of values as compared with last week’s sale. Best steer and heifer beef made from 38s 6d to 41s per 1001 b; and in the case of a few odd pens early in the sale a little above that figure. Best steer beef, from 33s 6d to 36s 6d; medium quality beef from 31s to 34s Gd; good cow beef, from 30s to 355; secondary, to 28s Gd; rough, down to 22s Gd per 1001 b. Values were: Prime Heavy steers,. £l5 10s to £lB 12s 6d; prime medium weight steers, £ll 10s to £l5; medium quality steersj £8 15s to £11; light steers, £7 to £8 10s; extra prime heifers, to £l5 2s Gd; prime heifers, £9 15s to £l2 10s; medium heifers, £7 5s to £9 10s; light heifers, £5 15s to £7; extra prime cows, to £l4 17s Get; prime cows, £!) 10s to £l2; medium cows, £7 to £9; light and aged, £4 15s to £6 15s.

There was again a limited entry of vealers and as a result the sale was a very keen one, with the high prices of last week fully maintained. The top price was £lO Us, as compared with £9 3s Gd at the last market and £6 8s 8d the week before that.

From the point of view of both numbers and quality the offering in the store cattle pens was an exceptionally poor one and there was very little to interest graziers. There were no steers and no yearlings, the entry consisting chiefly of rough cows. The best cow price was £6, which was paid for an animal that originally was consigned to the fat pens. There were a few potting bulls and the best of these made up to £B.

There was a small yarding of 52 head of dairy cattle and the general quality was poor, with few outstanding cows offering. The top price for the sale was £l4 15s, which was secured for a Shorthorn iow. For the quality sorts the sale was on a par with late rates, but cows in profit and backward sorts were hard to quit. Values were: Extra good second and third ealvers, to £l4 15s; good second and third ealvers, £ll to £l3; medium second and third .ealvers, £8 to £l9 IGs; aged and inferior second and third ealvers, £3 to £7; good heifers, to £9 15s; medium heifers, £8 to £9; others, £6 to £7.

The fat pigs entry was considerably larger than at the previous sale and everything sold firmly throughout on a basis of recent ruling values. Prices were: Choppers, £4 to £6 15s; extra heavy, to £ll Is; porkers, 47s 6d to 56s Gd; heavy porkers, 58s Gd to 73s Gd (average price per lb, BAd to 9Jd); baconers, £3 143 Gd to £4 17s Gd; heavy baconers, to £5 14s Gd (average price per lb, 7Jd to Bid).

Store pigs were in rather short supply, and they met keen competition from a fair muster of buyers. Large sorts were wanted. Values were: Large stores, 30s to 39s Gd; me’dium stores, 26s to 28s; small stores, 20s to 255; weaners, 14s Gd to 20s; small weaners, 8s to 12s Gd.

LIVE STOCK SALES.

PRICES AT HAMILTON. Hamilton, July 9. There was a large yarding of beef at the weekly stock sales at the Frankton yards to-day. The demand for choice quality was fully as good as that ruling hist week, but there was a good deal of second class and- rough beef, which met with a weak demand. Fat wethers and ewes came forward in unusually largo numbers, and prices showed a marked decrease on the rates for the two previous sales. There was brisk

competition for store and weaner pigs. Fat pigs showed a decrease in the numbers yarded, but prices remained steady. Quotations: Prime fat bullocks sold at £l3 10s to £l3 17s 6d; lighter, £l2 7a 6d to £l3; prime fat cows, £8 12s to £9 3s; lighter, £8 to £8 7s 6d; killable cows, £6 Ils to £7; boner cows, £5 12s to £6 3s; ■"•ealers, £4 10s; prime fat wethers, 27s 8d to 28s; lighter,- 25s to 26s Gd; medium fat ewes, 17s 2d to 18s Gd; poorer quality, 16s 10d to 17s; average quality hoggets, 14s to 15s Gd; porkers, £2 10s to £2 17s; good stores, £1 15s to £2 2s; lighter, £2 6s to £2 9s; medium, £1 9s to £1 13s; choppers, £3 16s; weaners, 49s to £1 2s; slips, £1 4s to £1 7s.

TAUMARUNUI VALUES.

Taumarunui, July 8.

The yarding at the stock sale to-day comprised about 700 sheep and 25 cattle. Sixteen nice quality bullocks from Mr. J. Jefferson’s property at Taringamotu made £l3 10s and a few dairy cows made to £4 15s. The sheep entry of mixed and best fat wethers was passed in at 245; other wethers (lighter sorts), made 21s 3d to 22s 9d; but ewes in lamb were hard to dispose of. Ewe lambs made 17s 3d and wether lambs 11s 6d. Sheep: Good mixed age wethers, 22s Od; two-tooth wethers, 21s 3d; poor-conditioned wethers, Ils; old ewes in lamb, 4s; other ewes, 13s 4d; ew r e lambs, 16s to 17s 3d; wether lambs, Ils Gd; wether hoggets, 12s; mixed sex black face lambs, 10s 4d to Ils; cull lambs, 6s 3d to 7s 7d;- fat bullocks, £l3 10s; dairy cows, £4 15s-.

LATE RATES AT WESTFIELD.

STEADY DEMAND FOR BEEF.

PIG'S CONSIDERABLY DEARER.

By Telegraph.—Press Association.

Auckland, Last Night.

At the Westfield fat stock market to-day ox beef was offered in well up to the usual numbers. The quality was first-class and the offering sold under steady demand at values on a par with late rates. No extra heavy bullocks were yarded. Prime heavy bullocks realised £l4 IQs to £l4 17s 6d; lighter prime, £l3 5s to £l4 7s 6d; light prime steers, £l2 3s 6d to £l3 2s 6d; small and unfinished, £9 17s 6d to £ll. Cow and heifer beef came forward in smaller numbers than usual and sold under improved demand at values very firm on late rates. Good heavy young cows and heifers realised £lO to £lO 15s; dairy cows and heifers, £8 12s Gd to £9 15s; lighter prime, £7 to £8 15s; other killable cows, £6 5s to £0 17s Gd. Extra choice ox sold to 37s per 1001 b, choice and prime, 34s to 365; just killable, 30s to 335; prime young cow and heifer, 31s to 335.

Sheep came forward in average numbers and drew steady competition for all well finished lines. Values were equal to the previous week’s rates, unfinished lines being dull of sale. Heavy prime wethers brought 28s 9d; medium, 27s Gd to 28s; light and unfinished, 24s Gd to 26s Gd; light prime ewes, 16s Gd to 16s Od; other ewes, 12s 3d to 14s 6d.

Lambs were yarded in usual numbers and sold at late rates. Medium prime, brought 21s to 21s 9d; light, IGs Gd to 19s Gd.

A smaller yarding of calves sold briskly, the demand being good for all classes showing quality. Good numbers of those yarded were plain. Heavy vealers made £4 4s to £5 ss; medium, £3 5s to £4.

Pigs came forward in lesser numbers than usual and elicited keen competition. Baconers improved on last week and porkers were considerably dearer. Heavy baconers realised £3 10s to £3 15s; medium and light baconers, £3 to £3 8s; heavy porkers, £2 18s to £3 ss; medium and light, £2 10s to £2 16s.

WOOL PRICES IN LONDON.

PRICE'S LOWER FOR POOR CLASS

By Telegraph—Press Assn.—Copyright.

London, July 8.

At the wool sales 9056 bales were offered, including 2288 from New Zealand, Approximately 3660 were sold. There was an inferior and miscellaneous selection, largely secondhand lots. There was a crowded, attendance, but the tone was somewhat depressed, biddings being cautious. Prices compared with May closing rates were: —Merinos, super, firm and unchanged; good average combings, 5 per cent, easier; faulty, 7J per cent.; crossbreds, greasy, 74 per cent.; slipes and halfbreds, 10 per cent.; other sorts, 7i per cent. Lambs, shorn and carbonising sorts, were neglected at a 5 to 7£ per cent, decline. SHAREMARKET SALES, Christchurch, July 9.—Sales on Exchange: Australian Bank of Commerce, 23s 6d, 23s Id; E.S. and A. Bank, £5 19s 9d; National Bank of New Zealand, (cum. div.), £5. 18s 6d; Goldsbrough Mort, 28s 10d; New Zealand Refriger-

ating (10s paid), 4s lOd; New Zealand Breweries, 51s (2 parcels); Holden’s Motora, 10s; Mt. Lyell, 24s 7d; Mount Lyell, rights, 2s lOd (2 parcels); Mahakipawa, 2d; Stoney Creek (6d paid), sd. Sales reported: New Zealand Government, 44 per cent'., inscribed, 1938, £99 10s; Australian Bank of Commerce, 23s 6d; Bank of New Zealand, 57s 3d; Dalgety and Co., £lO 15s; Union Bank of Australia, £ll 13s; New Zealand Breweries, 50s 9d; Bank of Australasia, £l2 6s 6d.

Auckland, July 9.—Stock Exchange sales: Auckland Gas, 1935, G 4 per cent., £102; Commercial Bank of Australia, 21s Id; New Zealand Insurance, 475; Dominion Investment and Banking, 20s; Newton King, pref, (late sale. Tuesday), Ils 7d; New Zealand Guarantee Corporation, 8s; Renown Collieries, new pref., 2s 8d (late sale Tuesday), 2s 8d; Auckland Gas, 265; Northern Steam, 14s 0d; Robinson Ice Cream, 25s 6d; Mount Lyell, rights, 3s; South British Insurance, 59s 3d.