FINANCE AND COMMERCE

Taranaki Daily News, 2 August 1930, Page 15

FINANCE AND COMMERCE

TARANAKI STOCK MARKET ' STEADY VOLUME OF BUSINESS. | ...... . . i INCREASES IN .SOME CLASSES. A steady volume of business has i been. transacted during the week, and I values for some masses have shown a slight increase, state Newton King, Ltd., m iheir weekly review of theTaranaki stock market. As tar as the saieyards are concerned they are practically devoid ot olierings oi beet. Tn<* few cattle that do come forward and show, finish are meeting with good competition. Practically the whole of butchers’ • requirements are being fmnhedthrough private treaty. Inquiry is mostly' for' well finished -cbws and heders, but this class is getting more scarce every day and-attention will soon have to be paid to heavier bullocks, .of | which there are more offering. Generally speaking values have shown about I 10s increase during tne week. There has not been any material change in fat sheep. Sa far tncre are i a number of ewes offering, and thic is principally the reason why values have not increased. Sales effected have been at the following quotations: Best quality wethers up to 2<>s lid; mediuoi wethers 23s to 2us; best quality ewes from 19s Gd to 21s. Inquiry for store sheep is by no means keen, but many sales are being effected nevertheless. Hoggets are still wanted in large numbers, but there are not many lines of first-class saeep offering. I In-lamb ewes, principally those maud. With Southdown rams, have been sought after during the week, and it has not been easy to satisfy requirements, principally through quotations being higher than buyers' limits. There is not the volume of business being done with in-lamb ewes as there has been at this time in previous years, vul.it is anticipated that more will be done dur.ng the next few months with lambs at foot. There are not many lines ot store and forward wethers offering for sale, Sheep in forward condition in th.s class a.e being bought for the turnips, but store wethers are not keenly sought aicer. Following is a summary of prices: Good 4 and 5-year-old ewes in lamb to black-fuced rams, 25s (d. 235, 20s 9<l; full and failing-mouthed ewes, 10s to 15s; best mixed sex hoggets, las to 17s; wether hoggets, 13s to 15s; ext-ra good ewe hoggets. 19s; others, Lis upwards; store and forward wethers, 18s to 21s 6d, accord.ng to age and condition. At the fortnightly sales the principal offerings are yearling heifers and store cows. Most oi the tows offered during the week have been of the boner class and there is not a very good inquiry from tb.e works for thesw at present. C'raziers are looking for gocd-coloured young cows suitable Tor fattening, ami this class will be in good demand from now onwards. As yet there has not been much activity in steer business, but with an increase in beef values, ( which is sure to come in the near future, it is safe t< anticipate that ( values for all ages of steers will harden. ( Business in yearling heifers shows ( a large increase. The demand lias how ( set in from local graziers, and this is supplemented by buyeis operating from , outside districts. Heifers oi the be> t ■ quality are those mostly wanted, and : , tne price this class is realising is having a beneficial effect upon sales of , inferior classes. There are large num- j bers of heifers coming forward to the fortnightly sales, although at Inglewood * on Wednerday there was a good entry . which met with spirited competition. ‘ By aiict.on best quality heifers realise ‘ £6 ss, £5 15s itnd £□ 12s (jd. Medium heifers oi good quality are worth £4 los up to £5 ss. The sales, effected by private treaty are almost on a simili basis, there not being many around I the £6 level. •' Crossbred heifers with ' size and condition are selling well at i between £4 and £5. We anticipate J that the heifer market will be firm from | * now on, Hold-over heifers of good j “ qualify are wanted and are selling free- i c ly up to about £3 Ife. Inferior col- r oured cattle are making from 25s up- 1 wards. 1 1

Although the majority of the clearing sales are over inquiry ie as firm as ever and high prices are being realised for good quality dairy cattle. At the fortnightly eales good entrice are coming forward. Urenui, Inglewood, Stratford and Kaponga in particular having very heavy yardings. As the grass comes so the demand will keep up, eo good pricee ehou!.’ rule during the next few months. In the saieyards cows of best quality sold at from £l2 to £l6, mixe< coloured cows from £8 to £l2, and old and backward cows at lower rates. Well-grown Jersey heifers are worth from £lO to £]4. crossbred heifers according to size and condition £8 to £ll, small and backward heifers from £4 10s to £7. The fact that good numbers of genuine dairy cows are still required was exemplified at Mr. R, M. Body’s sale on Tuesday, when over 30 cows were submitted to a very strong bene}) of buyers from al] parts of the district. From £lB to £23 was obtained for top quality young cows close to profit, good sorts realising from £l2 to £l5, while the more backward culvers did not meet with as ready a sale and changed hands at from £8 10s to £lO.

Insufficient pigs are being yarded to cope with the strong demand, and this is resulting in prices hardening. Wellbred- weaners seem to be the, class for which the keenest demand exists, and up to 25s is being paid for ,well-done and well-bred sorts, while others realise from 18s to 21s. Few large stores, are offering and these ar© keenly competed

for. Larger sorts in good condition are making up to 38s, while others range in value from 32s to 3'is, slips finding a market at from 28s to 31s.