FINANCE AND COMMERCE

Taranaki Daily News, 7 August 1930, Page 20

FINANCE AND COMMERCE

ADDINGTON STOCK MARKET.’ ADDINGTON STOCK MARKET. SOME FANCY PRICES PAID. By Telegraph.—Press Association. , Christchurch, Last Night. To-day’s stock sale at the Addington yards was the Grand National ‘‘double market, which ; s noted for fine offerings of fat stock, and this year saw the general standard well maintained, with the exception perhaps of fat sheep, the yarding of which did not include the same proportion of show sheep as has been the case in previous years. The feature of the market was the fat cattle yarding which drew entries from Wanganui, Palmerston North, Wairarapa, West Coast, Otago and Southland districts. A heavy southwest storm and the accompanying heavy rain throughout the day did not make conditions at all favourable for the showing of stock. Fat cattle sold very freely and apart from fancy prices paid for show beasts the market was £1 to £2 a head better for all classes than last week. The fat sheep entry was scarcely as big as that of last week and not sufficient to meet butchers’ requirements for the coming fortnight. The sale was an irregular one and consequently upon the short supply values, firmed by Is to 2s a head for both The fat latritWehfry was the largest for many weeks- and the sale was a good one at slightly advanced rates. There, were 31 lambs entered but they were no&outstanding in quality. The store sheep sale was, a relatively uniinportant section .of the market and it attracted very little interest. The chief feature of * the minor sections of the market wms/the very high price paid for porkers, which were in short supply. Most sales were made on a basis of lid to Is a lb,' th&Lhighest price known at Addington for about 30. years. There was a small entry of store sheep and' prices showed no alteration on recent values. The range, of prices I was; Medium two-tooth half bred ewes, to 20s 6d; sound-mouthed ' half bred .ewes, to Tss 6d; failing-mouthed ewes, 8s to 12s 6d; ordinary ewe hoggets, to 16s; medium halfbred wethers, to 15s. ’ The fat iambs entry was 747, com) pared w r ith 181 last week. Competition was free for the best sorts. There was also a good demand for lighter lambs but in this class there was no advance in prices. The top price was 33s 4d. . There were 30 spring lambs and the top price for them, was 34s 4d, equivalent to a shade over Is per lb. There was an entry of 5400 head of fat sheep, including a line from Wood- . ville and a large number of southern consignments. Values were: Show wethers, £2 to £4 .ss; extra prime wethers, to 38s; prime wethers, 27s to 31s; : medium wethers, 235. to 26s 6d; light wethers, ISs to 225; extra prime ewes, to 295; prime ewes, 19s 6d to 225; medium ewes, 16s to ISs; light, 13s Gd to 15s Gd; aged. Ils to 13s. The fat cattle entry of 555 was not as big as usual for the/ t doubl(f’ market. There was a very free sale. The top price for the: market was £44. • Best handy weight steer and heifer beef made from 44s to 4Ss per 1001 b, and in some cases a little more. Best heavyweight steer beef made from 38s 6d to 425; medium quality, from 35s to 38s; best cow beef from 36s to 38s; secondary, to 345; and rough down to 265. Values were: Show steers, to £44; extra prime heavy steers, to £24; prime heavy steers, £lB 10s to '£2l; prime medium weight steers, £l5 10s to £lB ss; medium quality steers, £ll 10s to £l4 10s; light steers, £9 to £11; show heifers, to £lB 2s 6d; extra, £11; show heifers, to £lB 2s Gd; extra prime heifers, to £l6 17s Gd; prime heifers, £l3 to £l5; medium heifers, £lO to £l2; light heifers, £6 10s to £9; show cows, to £23 10s; extra prime cows, to £l5 17s Gd; prime cows, £l2 to. £l4; .medium cows, £9 to £11;-light £s 10s to £B. Of vealers there was a very small entry and the general quality was firm. The top price ‘was £8 13s 6d. - There were no quotable lines forward in the store cattle pens, in which the yarding was very • small. Good cows were worth .li'fif'to I about £5 and the few bulls offered sold at the usual potting rates. No s.lge;rs. were penned. Quality was not prominent in the dairy cattle entry which was of an average Size. The market was a little weaker, price's%eeeding by about £1 ; a head. Cows., just calved and in good condition, were wanted. Values were: Good second and. third calvers, £lO to £li; medium sort?, £8 to £9; aged and inferior sorts,£4l.ss to £G 10s; good heifers, medium heifers, £7 I.os to £8 ( others, £5 5s to £7. Peak pricea’jyere paid for pork. The entry was ’A*’'small one, even though there, was of over 100 porkers . froffi|jthe North Island. Baconers were in supply but the market for theseAvas by no means as spirited as it was‘in the porker pens. Prices showed little'Alteration. The top price for choppers uths £l4 3s Gd. The range* of prices was: Show, choppers, to £l4. 3s Gd; good ehoppers, £6 to £8 18s 6d; others, £2 to £5 16s 6d; porkers, £2 12s 6d to £3 12s Gd; heavy porkers, £3 15s to £4 7s Gd; average price per lb, lid to Is; baconers; £4 to £4 10s; heavy baconers, £4,15s to £5 18s Gd;■average price per lb, 7)<i to Bd. There was a, poor sale for store pigs which were yHfded in small numbers. Values were fi’Alcdiuni stores, 2-5 s to 355; slips, 16s io.‘l<Bs Gd; .weaner.s, to 13s Gd. LIVE STOCK SALES. BFEI’ RATES AGAIN HIGHER. Hamilton, Aug. 5. An advance of 2Ds for beef marked the stock saleiat Frankton to-day. Cow beef was yarded in large numbers, and there was exceptionally keen bidding for the lines offered. Sheep and pigs were penned in ■ average numbers and were sold at late rates. Tho auctioneers report as follows:— Prime ox sold at equal to 39s per 1001 b.; prime cow and heifer, 38s; best prime young cows and heifers, to £l3; prime, £9 to £11; prime lightweight bullocks, £l3; inferior and light cows, £6 10s to £8 10s. There was a fair yarding of store cattle, which sold at fuR late rates. Store light cows made £5; boners, £3 to £4; Holstein yearling heifers, £4; Jersey yearling heifers, £5; Jersey cross yearling heifers, £3 7s Gd; Shorthorn yearling steers, £3 ss; cull calves. 32t> Gd. A good yarding of fat sheep, which sold at the same rates as last week,.. Fat wethers made to 27s 8d; fat'.feWbs, to 18s; light, 13d Cd; mixed aged ewes in lamb to Romiiey

rams, 16s 9d; cull ewes, Ils 6d. Fat pigs came forward in small numbers Avith a large yarding of stores. Boners made £3 3s to £3 8s; porkers, 42s to 48s; large stores, £2 to £2 8s; slips, £1 IDs to £1 15s; weaneres, £1 to £1 Gd. SHAREMARKET BUSINESS. Wellington. August G— Reported sale: 44 . per cent. Inscribed Stock, 1938, £99 16s. Christchurch, August 6.—Sales on Exchange: Dalgety and Co., £lO 2a (2 lots); New • Zealand Refrigerating Co. (10s paid), 4s lOd; British Tobacco Co-, 37s Bd, 37s 7d, 37s 8d; Colonial Sugar Co., £3B lfts. Dunedin. August 6. —Sale on ' Exchange: Waihi Grand Junction, la lid. Auckland, August 6. —Stock Exchange ■ sales: Commercial Bank of Australia, 21s -Id; do., pref., £6 12s; Bank.of New Zealand. 565; D. Mortgage, 275; Union Bank, £lO 16s (Melbourne register), £lO 15s; Renown Collieries (new pref.), 2s 8d; Auckland Gas, 245; New Zealand Breweries, 50s 3d; Milne and Choyce debenture stock, 25s Gd; Waihi Grand Junction, 2s (two parcels); Mount Lyell, 23s 3d; rights, is 3d (two parcels). 11 ..