FINANCE AND COMMERCE

Taranaki Daily News, 22 November 1930, Page 12 (Supplement)

FINANCE AND COMMERCE

TARANAKI STOCK MARKET .< LACK OF BUOYANCY IN NORTH. EFFECTS OF ROUGH WEATHER. The weather during the week has not had a bepeficial effect on the pastures. This has resulted in a. lack of buoyancy in the stock market. Newton King, Ltd., reports little alteration in the prices in. the various sections. The beef market is fairly stable, although a slight easing tendency has .been shown during the past fortnight. With limited supplies of well finisheu cattle no marked reduction in values should take effect for some time. Requirements for North Taranaki consumption are being filled privately at the following rates: Prime heavy fat bullocks up to £l4 10s, lighter sorts £l2 to £l3, killable cattle £ll IC<5, good quality fat cows and heifers up to £ll 10s, lighter cattle £9 to £lO. Sales- in the yards ranged from £8 10s to £lO for well-finished young cojvs, with others realising from £7 to £B. Mutton is fairly plentiful, but as shearing is hampered by the weather the number of shorn sheep falls short of the offering at this period last season. Preference is .shown by butchers for sheep off the shears and requirements are being fulfilled as follow: Fat wethers 2ls to 225, ewes 15s to 16s. Prices for Woollies are a little in advance. of thepe. Works prices for the two classes are 18s to IDs, and ICVs to Ils, but no keenness to operate is in evidence. The activity of freezing works buyers in the fat lamb section has been,hampered because the weather has resulted in few lines of consequence being ready. The opening price of 7Ad is expected to hold good until the end of the month and at that price good average lines should realise about £l. Little business can be reported in the store sheep section and no great Volume is anticipated until after the opening wool sales, when it may be possible for vendors to place values on their annual drafts in keeping with the views of buyers. There seems a good inquiry for wethers and sales of 4tooths have been recorded at up to 17s, ■ with two-tooths 14s 6d to 15s 6d. The quietness in the paddock sales of store cattle is being sustained and little interest is displayed in this class except in well-bred lines. The yardings of oddments have declined a. little but the limited numbers of good paddock cows are still subject to keen competition. Best sorts realise from £5 to £5 10s and. others at from £3 15s to £4 10s. Works buyers are operating freely on suitable cattle at late nites. . ‘ Yearling heifers are yarded in good numbers, but few top-quality cattle are offered. For choice fawn cattle of size late values are being maintained. Competition is 'slackening to some degree and an easing in values for other than good cattle has been shown. Prices range: Choice -fawn cattle £5 15s to £6 ss, good, sorts £4 15s to £5 ss, crossbred cattle of size and quality £4 to £4 10s. Good numbers of inferiorbred sorts -are offered but are dull of sale at £3 5s to. £3 155.• Hold-over heifers change hands,at £2 15s to £3 5a for good sorts, "and £1 10s to- £2 for. others. The demand for dairy cattle is weak, and except for-choice cattle competition is dull. Prices for good sorts range from £9 to £lO, and for others from £5 10s to £7. Pigs were yarded in good numbers at the haymarket sale in New Plymouth yesterday, and there was a further drop in prices. A full clearance was effected at tho following prices: Light-weight porkers £1 14s, large stores in good condition 28s 6d io 31s, well-done slips 28s, lighter conditioned slips 22s 6d to 23s 6d, best weaners 18s to 19s 6d. other weanere 14s 6d to 16s, sows in farrow £2 to £5 ss.

1 LITTLE BUSINESS IN SOUTH.

LOW WORKS PRICES FOR SHEEP. ’ ■’ The Farmers’ Co-operative Organisation Society reports that again this week the depressed state of the markets, combined with the unfavourable weather, has affected paddock sales and little or no business of note is going through excepting usual requirements of fat sheep and cattle, sales of which have kept up at prices ranging from £ll 15s. to £l3 ss. for bullocks and. £8 10s. to £lO 15s. for cows; fat wethers 205./ to 225. (shorn) and fa.t ewes 14s. to 16s. As most people are waiting for the opening wool sale before either buying or selling sheep, saleyard business has been good. For the time of year good yardings have come forward, and there have been reported total clearances in nearly, all sections. At Urenui tale the sheep and herd of Shorthorn cattle were sold on account of the estate of the late Mr. W. H.» Gibson, the cattle all making satisfactory prices. Both at Opuliake and Mauaia the entry was made up largely of paddock cows, and cows showing breed and condition were in.demand up to £B. At Hawera good lines of 4-6 tooth and f.m. wethers off the shears were disposed of at 15s. lOd. to 17s. 6d., while at Waverley two-tooth ewes off shears made 20s. Ddiry cattle still come forward, and if of good quality command competition, but other sorts are almost unsaleable. Present indications point to low freezing works opening prices for both fat ewe and fat wether. An authoritative source states that these are likely to be as follow for top-quality sheep.— Ewe 10s. 6d., wether 18s. 6d. These, low prospective prices have had a decidedly restricting effect on the market for stores, and. as a consequence few sales are to be ’ reported. Some of the sales for the week are: — Store cattle: Store.cows £5 2s. 6d. to £7 10s., cows with calves at foot £7 2s. 6d., three-year empty heifers (Shorthorn) £7, yearling steers £2 18s. to £3 2s. 6d., yearling heifers £2 6s. to £2 17s. 6d. Small numbers of Jersey yearling heifers continue to find their way on to the market. Although prices sho'w a considerable, drop on those offering earlier in the season, buyers are inclined to meet the market and sales have taken place as follow: —Well-grown Jersey yearling heifers £4 10s. to £5 55., mixed coloured well-grown sorts £3 10s. to £4 10s., good-coloured holdover heifers £2 10s. to £3 10s. , Dairy cows and heifers: Best cows £8 10s. to £ll 155., best heifers £7 ss. to £lO 10s., other sorts £4 10s. to £6. Light yardings of dairy stock are the general rule, and , while backward springers command little competition quality cattle right on the drop are still eagerly sought. Store sheep: Two-tooth wethers off shears 14s. to 165., four-tooth wethers off shears 16s. to 18s., two-tooth ewes offff shears 20s. to 225. 6d., four, six and eight-yea r off shears to 155., ewes and lambs 245. to 265. Anticipating poor opening prices for fat stock from the freezing works, buyers have been somewhat chary in their operations. Consequently few sales of store sheep have taken dace.

DAIRY PRODUCE PRICES. NEW PLYMOUTH RATES. Market prices in New Plymouth this week were; —• Buying. Selling. ■ s. <l. s. d. Hams 1 Bacon (rolls) L ” Bacon (sides) ** Butter (creamery), -pats. 1 3 Butter (best separator, pats). 11 1 1 Butter (separator) lump . 10 1. 0 Eggs : 1 1 4 SHAREMARKET TRANSACTIONS. Wellington, November 21.—Reported sale: Bank of New Zealand, 575. Sale on exchange: Commercial Bank, 17s. ,3d. DOUBLE MARKET AT BURNSIDE. VALUES GENERALLY STEADIER. > Dunedin, November 19. A double sale was held at .Burnside to-day, and large yardings of fat stock were offered. There was a good demand for all. prime quality animals, and here was little change in the tone of the market. - ' The fat cattle entry comprised over 320 head. The quality was very .nixed, but. a number of extra prime cattle were penned. The yarding included some extra prime show. bullocks from Crookston and two trucks of extra prime animals from Stirling. The. alance of the entry was of medium quality. Prices realised for prime quality Prices realised for prime quality bullocks were about, the same as at last week's sale. Sheep. —An entry of about 2500 were penned. The best of ' the yarding was sold early. Good quality sheep were forward, including a large number of heavy sheep, both ewes and wethers. The sale opened quietly, but bidding was more spirited later. One truck of extra prime Corriedales sold to 41s, while a number of trucks of shorn sheep of good quality sold to 395. Extra prime ewes sold to 335. An improvement of about 2s a head made values equal to those which ruled two weeks ago. Shorn sheep were worth 4Jd a lb., heavy woolly wethers sid. a and light woolly' wethers s§d. a 11;., Extra heavy, wethers sold to 445, a extra heavy ewes to 31s 6d. The lamb entry comprised about 400 head. The quality w(is fairly good, with a sprinkling of prime lambs and a number of heavy-weights and young animals. Prices, realised were about on a par with those of last week. There was a fairly large entry of store cattle, including about 100 good station bullocks. There was fair competition for this class. Forward three-year-old bullocks sold from £l2 to £l3, and medium three-year-olds from £9 15s to £ll. '.’| . ' The pig. entry was smaller than usual, there being a shortage of stores. There was l a fairly brisk sale, end prices were well! maintained, prime porkers being equal to about 9d a lb. and prime baconers about Sd a lb.

STOCK SALE AT FRANKTON.

BEEF VALUES MAINTAINED. Hamilton, November 18. An average yarding of beef sold at full late rates at the weekly stock sales held at the Frankton yards to-day. A; •slight decrease wafe recorded in the values for fat sheep, which were penned in full numbers. Heavy porkers and baconers met with a steady demand, prices remaining on a par with late rates. Store pigs sold at a slight increase. (Prime fat wethers, ehorn, realised 245; fat wethers, 19s to. 21s 9d; prime hoggets, 19s 6d to 23s sd; fat hoggets, 18s; fat ewes, shorn, 10s; fat ewes, woolly, 15s; fat bullocks, £l2 15s to £l2 18s; medium, £ll 5s to £ll 16s; heavy fat cows, £9 2s to £l2 ss; medium, £7 7s 6d-to £8 10s; light, £5 Is to £7 3s; forward conditioned, £4 7s 6d to £4 17s to £4 ss; goal three-year-old Shorthorn 6d; vealers, 28s' to £3 Is; runners, £4 steers, £7 17s to £8 3s; good coloured 2J year-old steers, £6 17s to £7 Us; two and’ three-year Friesian steers, £6 15s to £7 15s; 2J-year-old Polled-Angus steers, £7 ss; empty two-year Shorthorn heifers, £5 8s; yearling Jersey and Jersey cross heifers, £2 17s to £3 Is;bulls, £3 to £8 ss; heavy baconers, £2 14s to £2 17s; light, £2 9s to £2 12s; heavy porkers, £2 7s to £2 10s; light, £1 19s to £2 ss; stores, 3Ss to £2 3s 6d; slips, 28s to 365; weaners, 21s to 295. EASING IN SHEEP VALUES. SALE AT WESTFIELD. Auckland, Nov. 19. At Westfield sale to-day the quality of the ox beef yarded was again first-class. There was a steady demand throughout, with values on a par with last week’s sale. Extra choice ox sold at £1 18s per l(>01b; choice and prime ox, £1 16s to £1 17-; secondary and plain ox, £1 13 to £1 14s; prime young cow and heifer beef, £1 13s to £1 16s; ordinary .cow beef, £1 5s to £1 12s. Extra heavy prime steers ranged from £l5 to £l5 12s 6d, heavy prime steers. £l3 15s to £l4 17s Gd: li/hter prime steers, £l2 15s to £l3 12s 6d; light prime steers/ £ll 10s to £l2 12s Gd; small and unfinished steers, £7 5s to £ll 7s 6d; extra heavy prime young cows and heifers, £lO 10s to £ll ss; -heavy prime cows and heifers, £9 to £9 7s 6d; lighter prime cows and heifers, £7 10s to £8 17s 6d; othei killable cows, £4 to £7 7s 6d. Sheep.—There was again a heavy varding. Competition was not keen and generally values were easier. Extra, heavy prime wethers, shorn, realised £1 3s to £1 3s 9d; heavy prime wethers, shorn, £1 Is 6d to £1 2s 9d; .woolly,_ £l. 4s to £1 4s 9d; medium to heavy prime •wethers, shorn, £1 to £1 Is 3d; woolly, £1 3s to £1 3s 9d; light to medium prime wethers, shorn, 17s 6d to 19s 6d; unfinished wethers, shorn, 15s 6d to 17s 3d; extra heavy prime young ewes, shorn, 15s to 17s 3d; heavy prime ewes, shorn, 13s 6d to 14s 9d; lighter prime ewes, shorn, 12s to ,13s 3d; other killable ewes, shorn, 10s 6d to lls.Od; other ewes, shorn, 8s to 10s 3d. Lambs. —-Spring lamb.s met with a spirited sale at slightly firmer figures. Extra heavy prime lambs made £1 3s to £1 3s 6d; heavy prime, £1 Is 6d 2s 9d; lighter prime, £1 to £1 Is 3d;, light prime, 18s to 19s 9d; small and plain, 16s 6d to 17s 9d. Calves—For a full yarding of tat and young calves, -competition was not keen, and although in some cases late values ruled, prices generally were again lower! Runners tqade £4 5s to £S 10s; heaty vealers, £3 14s to £4 ss; medium, £3 3s to £3 8s; light, £2 10s to £2 18s; small vealers, £1 12s to £2; bucket-fed calves, 18s to £1 4s; fresh-dropped and small, 3s to 16s. pi^s.—A smaller offering of fat pigs scld°at equal to last week's rates. No heavy choppers were penned. Lightweights made £2 5s to £2 los; heavy baconers, £3 2s to £3 7s; light and medium. £2 13s to £2 18s; heavy porkets.. £2 10s to £2 12s; light and medium, £2 4s to £2 8s; small and unfinished, £1 »3s to £1 18s; stores, £1 10s to £1 15s; good slips, £1 6s to £1 8s; weaners, £1 to £1 3s. JOHNSONVILLE SALE. ALL ROUND DECLINE IN PRICES. Prices for all classes of stock showed a decline on Wednesday at the Johnson-

ville sale. A ,medium yarding of cattle and a large yarding of sheep and lambs were offered to an average attendance cf buyers. Cattle.—The yarding comprised good quality bullocks.'No cows or heifers came forward. Prices showed a decline of up to 10s per head as compared with last week's rates. Runners and vealers met ■with a good sale at late rates.

Sheep.—Those penned comprised mostly <>ood quality shorn sheep with a few pen- of woolly sheep. Competition was .mod at prices for wethers 3s below last week's rates; ewes declined 2s to 3s; lionets down 2s; while spring lambs were easier to the extent of 2s to 3s per her’d, [Tices ranged as followßullocks, heavy, £l6 10s, £l6 ss, £l6, £l5 15s;

bullocks, £l5 ss, £l5, £l4 10s, £l4 7s 6d, £l4 2s 6d; runners, £5. 2s, £4 Ls £4 15s to £4 Is; vealers, £2, £1 15s, £1 JOs to £1 6s; woolly wethers, 24s ad, 22s 6d; shorn wethers, 23s 7d, 235, — 5 6d, 225, 21s 9d to 18s 9d; shorn hoggets, 20s 6d, 19s 3d, 19s to 17s 4d; woolly ewes, 16s 6d' 16s, 15s 6d to 14 s. <<l; shorn ewes, 14s 2d, 13s 9d, 13s o s, spring lambs, 19s 4d, 19s, ISs. 9d, 18s 6d, 17s, 16s 3d to 12s 6d-