FINANCE AND COMMERCE

Taranaki Daily News, 28 August 1930, Page 20

FINANCE AND COMMERCE

ADDINGTON STOCK PRICES. SHARP RISE IN VALUES. By Telegraph.—Press Association. Christchurch, Last Night. Features of the weekly metropolitan market at Addington to-day. were the sharp rises in the values of both fat cattle and fat sheep. The cattle especially recorded a very substantial rise after many weeks .in which values have been little changed. Butchers’ ewes were better by 3s to 5s a head, freezing weights by 3s a head and others by is to 2s a head. Over an exceptionally keen sale wethers were better by 2s to 3s a head.

The causes of this advance were a short supply and keen competition. Fat cattle were also yarded in smaller numbers than for several weeks and. last week's fall in values of ±T to £1 10s a head was fully recovered. The small entry of store sheep sold at rates which did not show a great deal of alteration upon those ruling at last market, but the general done of the market was not so bright.. The smallest entry for some time, about 1200, was offered, . practically all • ewes. Quality was indifferent. Values were: Extra ■ good four-tooth three.-quarter-bred ewes to 29s 2d, ordinary 2, 4 and 6-tooth three-quarter-bred ewes 19s 3d to 20s, good. s.m. three-quarter-bred ewes to 18s 3d, good four-tooth halfbred ewes to 275, medium G and 8-tootb half-bred ewes 13s 3d to 17s 6d, good s.m. half-bred ewes to 18s 2d, ordinary s.m. half-bred ewes to 12s, ordinary twotooth half-bred ewes to 21s Gd, ordinary 4, 6 and 8-tooth crossbred ewes to 19s Gd, half-bred and lambs (all counted) to Ils 2d.

Of spring Jambs there were 15 forward and the top"* price,. was -39 s 3d. The price realised equalled?* as much as Is--3d per lb, r . 4 There was a short entry of 3900,fat' sheep as compared with GOOO last week! Values were: Show wethers. t> 50s lOd, extra prime wethers to 38s Id, prime wethers 30s to 345, medium wethers 25s Gd to 295, light wethers 21s to 24s Gd, extra prime ewes to 31s 7d, prime ewes 22s Gd to 2Gs Gd, medium ewes 19s to 225, light ewes 15s Gd to 18s, aged ewes 13s to 15s, _xtra prime hoggets to 35s 7d, prime hoggets 26s Gd to 29s 3d, medium hoggets 22s to 25s Gd, light hogets 17s Gd t 0.215.

In the fat cattle section there was a short entry of 398 head as compared with 469 at last market. There were consignments from Otago, Chatham Islands and the North Island. Best handyweight steer and heifer. beef made from 44s to 48s per 1001 b, best heavyweight steer beef 38s Gd to 42s Gd, medium quality 34s Gd to 37s Gd, best cow beef 36 s to 38s, secondary to 35s and rough down to 265. Values were: Extra prime heavy steers to £23 7a 6d, prime heavy steers £lB 10s to £2l, prime mediumweight steers £l5 to £lB, medium quality steers £ll 10s to £l4, light steers £9 to £ll, extra prime heifers to £l7 2s Gd, prime heifers to £l7 2s Gd, prime heifers £l3 to £l5 10s, medium heifers £lO 10s to £l2, light heifers £7 to £9 10s, extra prime cows to £l9 L2s Gd, prime cOws £l2 to £l4 10s, medium cows £lO to £ll 10s, light and aged •£6 to £9.

There was a small entry of vealers and the general quality was poor. Anything fit for butchers’ needs sold at last week’s rates, the top price .being £lO 8s Gd. The supply of small good quality calves was limited and these’ sold well.

There was a medium entry of store cattle which included, one or two attractive lines. A pen of Shorthorn heifers made £5 13s Gd and another pen £7 7s Gd. Good coloured cows made up to £6 17s 6d and fresh cows up to’ £7Potting bulls sold up to £5 3s Gd. Prices all round showed little alteration.

There was an entry of 110 head in the dairy cattle pens as compared with 117 last week and the majority of the animals showed the effects of the dry winter and shortage of feed. Values were: Best second and third calvers £l2- to -£l4, good srrts £9 to £ll, medium £7 10s to £8 10s, aged and inferior £3 5s to £6, good heifers £9 to £lO, medium £7 to £8 10s, others £4 5s to £6.

There was a fair entry of porkers in the fat pig section though baconers were in short supply. The demand for porkers, which though on the small side were of good quality, was. keen and prices remained on a par with last week's. Baconers did not ' meet with sucli a spirited sale and prices were a. littleeasier. Values were: Porkers 40s fid to 60s, heavy porkers 61s pd 'to 72s 6d, average price per lb Bjd to 10d; bacon-, ers £3 15s 6d to £4 8s 6d, heavy baconers to £5 Ils Gd, average price per lb, 7d to 7|d; choppers £3 to £6 3s Gd. The offering of store pigs was a medium one and all sorts met with good competition from the large attendance of buyers. Values were: Large stores 38s to 50s, medium stores 3,2 s to 37s 6d, small 28s, to 315,. slips 25s to. 27s 6d, weaners : 20s to 265.

LIVE STOCK SALES. I FAT CATTLE' IN DEMAND.' Hamilton, August 26.. The increased rates realised for fat cattle last week were fully. maintained at the weekly stock sales at the Frankton yards to-day. There was a smaller yarding than usual. Fat sheep came forward in .average’numbers and sold at late rates. Stores and baconers were in plentiful supply, satisfactory values ruling. - ■ ' Choice bullocks sold at equal to 39s per 1001 b;. medium-wei'ght bullocks, £l4 12s Gd; light fat bullocks, £l3; fat young cows and heifers, up to £l2 ss; ordinary fat cows, £8 10s to £9 15g; light Jersey cows, £5 15s to £7 15s;,runners, £6 Is to £6 15s; young store cows, £6 17s and £6 15s; yearling Jersey heifers, £5 ss; : crossbred yearling hejfers, £3 15s; bower cows, £3 10s to £4 2s Gd; fat wethqtgj 29»5; fat ewes, 24s 6d; baconers, £3 to £3 7s 6d; porkers, £2 8s to £2 14schoppers, £4 2s 6d to £5 2s Gd; weaners, 80s to 265; slips, 30s to 38s; large stores, £8 to £2 Ils. PRICES AT WESTFIELD MARKET. BEEF QUOTATIONS HIGHER. Auckland, Last Night, At the Westfield fat stock sale today beef was penned in less than average numbers and in consequence values improved decidedly on last week’s sale, heifer and cow beef especially being dearer. Extra choice ok sold to £2 2s per 1001 b.; choice and prime, - £1 18s to £2 Is; ordinary and plain, £1 14s to £1 17s; prime young cow and heifer ’ beef, £1 18s’ to £2; ordinary cow beef.

£1 12e to £1 ICs. Heavy prime steers realised £l5 to £l6; lighter prime, £l3 15s to £l4 17s Gd; light prime, £ll 10s to £l3 10#; and small, £9 to £ll ss/ extra heavy prime young-cows and heifers, £l2 to £l3 10s; heavy prime, £lO 10# to £ll 15s; lighter, £9 to £lO ss; light cows, £7 10s to £8 17s Gd; other cows, £4 10s to £7 ss. There was an average yarding of sheep and steady competition, with values very firm at late rates. Extra heavy prime wethers made £1 Ils 9<l to £1 12s 6d; heavy prime, £1 10s to £1 12# Gd; medium prime, £1 8s to £1 9s 9d; light prime, £1 Gs to £1 7s 9(1; small /and’. unfinished, £'ltS3 to ’ £1 5s- 9d; _ heavy "pfime 4s ,to £l. Gs Gd; medium prime, £l. Is Gd to £1 3s 9d; ’light prime, IBs/to £1 Is; inferior, to £1 Is; inferiorly fatted ewes. IQs to 16s 9d. Prime hoggets sold ■under keen competition at values 2s to 3s better than last week’s. Extra prime sold to £1 Ils; prime, I9s Gd. to £1 8s Gd. The first spring lambs of the season were submitted and sold, at from £1

2s to £1 6s. Small numbers of pigs were penned, There was a good demand and values improved on last week’s quotations. Choppers sold at from £2 10s to £4 15s; heavy and medium baconers, £3 5s to £3 15s; light baconers and heavy porkers, £2 16s to £3 3s; medium porkers and light porkers, £2 8s to £2 14s; small and unfinished porkers, £2 to £2 Gs. Store pigs were penned in small numbers. Values were firm on last week’? quotations. Large stores made £2 to £2 6s; slips, £1 10s to £1 18#; weaners, 15s to £1 Bs, t Calves were penned in average numbers and values were firm. Good vealers sold at improved rates. Runners made £5 10s to £8 IGs; heavy vealers, £5 10s to £7 3s for an extra well done heifer calf; medium, £4 10s to £5 ss; light, £3 10s to £4 8s; smaller, £2 18a to £3 8s; small and fresh dropped, 7s to £2 Iss; rough calves. £1 to £2 ss.

3H A REM ARKE T TRANS AC TIONS. Auckland, August 27.—Sharemarketsales: Point Chevalier Road Board, 1949, 5 per cent., £9O; Commercial Bank of Australia, 19s lid (two parcels); National Bank of Australasia, con., £6 15s 6d; Bank of New South Wales, ex div., £35 10s; Union Bank, £lO 9s; New Zealand Insurance, 42s (two parcels) ; Dalgety .and Co., £9 14s; New Zealand and River Plate, 28s; British Tobacco (late sale Tuesday)., 33s Gd; Kompthorne, Prosser, 60s 9d; Wilson’s cement, 40s; Waihi (late sale Tuesday), 14s 4d.

Christchurch, August 27.—Sales on exchange: Commercial Bank of Australia, 19s 8d; Goldsbrough Mort,’ 245; Dalgety and Cd., £9 12s; Holden’s Motors

(cum. div.), 9s Id; Mount Lyell, 21s 2d; Mahakipawa, 2Jd. Sales reported: Commercial. Bank of Australia, 19s 9d; National Bank of Australasia (£5 paid), £Q 15s; New Zealand Insurance, 41s 10%d (two parcels); New Zealand Drug Company, 61s; New Zealand Government,- 4% .per eent., inscribed, .1938, £lOO 2s- 6d; Commerical Bank of Australia, 19s 9d, 19s lOd; New Zealand- Government, per cent., bonds, 1933, £99 ss.