FINANCE AND COMMERCE

Taranaki Daily News, 6 December 1930, Page 12 (Supplement)

FINANCE AND COMMERCE

TARANAKI STOCK MARKET BEEF -PRICES LITTLE EASIER. SLIGHT RECESSION IN MUTTON. Newton King, Ltd.’s report for the week states: — A further weakening of prices has been visible and reports from outside districts reveal that this is general. Business by private treaty ie at a standstill and little interest is displayed in the classes yarded, with the exception of good paddock cows -which still seem td find good favour. A reduction in fat lamb values is also rumoured but as yet no official announcement has been made. The long period of steadiness in the beef section seems to have come to an end and a waning of prices is now in evidence. Fair numbers of well finished, lightweight cattle are being yarded and there is a reduction in values. This fact also applies to business in the paddock. Works buyers are as yet not interested in this section and prices for local consumption range as follows:-— Best fat bullocks up to £.14, lighter sorts £l2 to £l3, prime fat cow-s and heifers £lO, lighter £9. In the yards well-finished Jersey cross cattle make from £7 l(te to £8 10s, and killable sorts £6 15s to £7 ss. Values in the mutton section are also inclined to recede, but little alteration in the prices stated in the last report is yet noticeable. Best fat wethers realised iip to 20s, others 17s 6d to 18s 6d, heavy fat- ewes 14s 6d, lighter 12s 6d to 13s 6d. Fat lamb buyers' operations were restricted earlier in the season ewina to the unfavourable conditions, resulting in few lines being ready. However, during the past fortmight endeavours have been made by graziers to get their first drafts away before the anticipated drop in prices, and good numbers have been drafted or booked at the opening figure. Business in store sheep remains dull and generally speaking prospective buyers’ ideas . of- values are below those anticipated by vendors. However, with the 1 uncertainty that -exists for future export and wool .prices the disinclination to operate is understandable. Requirements will have to be filled but little business is anticipated .on a forward delivery basis, which should result in the fairs attracting good benches of buyers. ' Store wethers are fairly- keenly sought after and up to 16s seems to be .the order for 4-tooths, while 2-tooths find a market at from 13s 6d to 14s 6d.

Little business other than that effected under >tlie hammer, can be reported in the store cattle section, and as the yardings at the fortnightly sales generally consist of oddments, little guide as to buyers’ views of values for station lines can be given. Young paddock cows draw keen competition and best sorts realise from £5 to £5 10s, others from £3 15s to £4 10s, boners. £2 ss.to £3, aged sorts £ 1 5s to '£ 1 15s. ■ - • ’

Fifteen months’ heifer's are yarded in fair numbers but with, the majority of requirements having ; been filled' earlier in the season this class has not improved in favour and little. interest is displayed, resulting in lines being.hard, to quit.. A' fair entry was submitted at the Inglewood sale oh Wednesday and prices ranged as follows'; . Fair quality Jersey and Jersey-cross sorts , £4.55, small cattle of similar quajity £3 10s to , £3 15s. Inferior-bred cattle were dull of sale. At the same/ fixture a fair entry of dairy cattle was submitted, which included a whole herd, of 30 Jersey; and Jersey-cross cows. The herd was a mixed one .and the condition of the cows left room for improvement. However, a good bench of buyers was in attendance and the whole herd changed hands at: the following' prices Best sorts £7 5s to others £5 to £G. The prices realised for entries offered on behalf of other vendors ranged from £7 to £8 Ids . for good sorts of heifers,' -while good quality cows changed hands at from' £9 5s to £ll, others realising from £5 lOe.to £7. ■ A fuli yarding of pigs was submitted at the New Plymouth haymarket' sale on f Friday but prices showed a decline on late rates. Vendors met the market and a full clearance .was effected at the following prices: . Light-weight porkers 37s 6d, unfinished sorts 355, large stores in, good condition 3.05, best slips 23s to 25 s, Choice weaners 20s 6d, medium sorts 'l6s to 18s, small 7s 6d to 12s fid. " ■ !• ’ 1; - .I;'-. REDUCED WORKS SCHEDULE. QUIET WEEK' FOR BUSINESS. The Farmers’ Co-operative Organisation Society of New Zealand, Limited, reports the week just passed has been one of the quietest experienced in Taranaki for some years. .The reduction in the schedule of the works operating throughout the district has had an unfair durable effect on .all paddock business, purchases feeling that it is unwise to operate until the market shows some stability. Fat cattle. —A considerable easing has taken place in this section, particularly in cows, which are becoming harder to sellj'at vendors’ ideas of value. Prime bullocks are making £l2 to £l3, med-, ium £lO 10s to £ll 10s,. prime heavy cows' to £9 as, medium £5 10s to £7._ Store cattle.—Very few sales are being made in this section. Empty cows and heifers are still wanted but vendors are unwilling to sell at the prices offering. The sales made were: Empty P.A. heifers £5 to £5 7s 6d, medium £3 17s 6d to £4 2s 6d, forward empty cows £4 5s to £o, lower conditioned cows £2 Ifis to £4, 3-year steers, £5 17s 6d to £6 14s. , ' " Dairy cattle. —Only a very few dairy cattle are coming forward and the, demand is weaker. Some sales of yearling heifers are reported, best sorts to £5 10s, medium heifers £4. to £5, holdover heifers £2 10s to £3 7s. 6d. Fat sheep.—The market is considerably easier this week and purchasers are buying only' actual requirements in view of the continued fall in all classes of fat sheep. Heaviest wethers make 18s 6d to 19s, prime ewes Ils 6d to 13s, medium ewes 9s fid to Ils, extra good B.F. hoggets 19s. Store sheep.—Sales in this section are practically at a standstill. Small lines going through the yards met fair competition at. the following prices: Twotooth wethers Ils to 13 s, 4-tooth wethers, none offering; ewes with lambs at foot in small lots, 20s 9d to 245, store ewes, 6s 6d to 8s fid. Horses.—At last Hawera sale the Farmers’ Co-op. offered a number of good farm horses which sold from £2O to £3O 10s and hacks from £7 to £lO. EGG MARKET PRICES. Messrs. F. N. R. Meadows and Co., Ltd., Wellington, report that the return to suppliers for the week ended last Saturday was Is 6d per dozen for first grade and Is 5d for second grade eggs. NEW PLYMOUTH POULTRY SALES. L. A. Nolan and Co., report poultry sales at the following prices: Hens I s

Dd to 3s, pullets Is 9d to 2s 9d, ducks 2s 3d to 2s 9d, ducklings 9d to 3s, chicks 2d to 7d, geese 4s to 6s 3d, bantams 8d to Is Id. BLENHEIM OIL WELL. * The Blenheim Oil Well Reclamation Co. reports that it is milling out the casing and side-tracking the drilling tools. ' DULL STOCK SALE AT FEILDING. PRICES DOWN ALL ROUND. By Telegraph.—Press Association. Feilding, Last Night. There was a dull stock sale at I 1 Gilding to-day and prices- were down all round. There were small yardings ex-, cept of store cattle. Fat lambs sold at 16s 6d, two-tooth black faces 16s Gd, white faces very good 19s, good w.f. 17s to 19s, good hoggets 18s 2d, other 15s; woolly fat ewes 13s Gd, shorn fat ewes best offering 11s 3d, good 10s to 10s Gd, medium 9s to 9s 9d, fat wethers 14s 3d to 15s, store ewes with over 100 per cent, lambs 235, good 20s to 21s 3d, four-tooth wethers 14s, two-tooth wethers Ils 2d to 12s Bd, two-tooth ewes best 13s Gd to 14s Gd, poor 8s 10s. Dairy cattle sold at below late rates but the quality was not there. Fat cattle made up to 25s a 1001 b. Many line£ were passed as the vendors would not meet tho market. In the store cattle section Jersey cows made £2 10s, yearling Jersey heifers £4 10s to £4 15s, Hereford 3-year steers £5 10s, P.A. steers £4 to £5 10s, P.A. bullocks £7, Holstein bullocks £6 Ils. LITTLE SALE FOR POTATOES. Christchurch, Last Night. There is very little to report concerning‘the Canterbury graiu and produce market and among both merchants and sellers there is a marked disinclination towards forward business..- As to the potato market for next year, there is still a definite offer by sellers to-day of. £4 Is. Gd. a ton, f.0.b., s.i., for AprilMay delivery, but buyers’ idea of values is £4 a ton, and consequently there is no business passing. Supplies for April, May and June delivery are quoted by sellers at £4 55., but they are above the figure at which buyers will do business. Odd lots of old potatoes are being sold stilj and the price is from 30s. to 355. a ton, on trucks, to growers. In regard to oats there; is very little , to report, except that sellers’ quotations for forward business are 35., f.0.b., s.i., for A and 2s. lid. for B. The market continues lifeless. . ■ SHAREMARKET BUSINESS. < Wellington, December 5. —Reported sales: 5| per cent, bonds, 1933, £99. 17s 6d; New Zealand Guarantee Corpor-' ation, 7s. Auckland,' December s.—Sharemarket sales:' Bank of Australasia, £9 15s. (2 parcels); Bank of New Zealand, £2 12s. 4d.; New Zealand Insurance, £2 25.; Burns, Philp, 295. 3d.; Kawarau, 6d.; Taranaki Oil, 2s. 3d. (2 parcels). Christchurch, December s.—Sales on exchange: Bank of Australasia, £10; Commercial Bank of Australia, 165.; Bank of New Zealand (cum. div.), 525. 3d.; Bank of New South Wales, £29; New Zealand Refrigerating (10s. paid), 2s. • Id.; New Zealand . Breweries, r 41s. • 3d., 41s. 2d. (2 parcels); Mt. Lyell (cum. div.), 20s. Id., 205., 20s. Id.; Mahakipawa, 7£d. Sales reported: Christchurch Gas, 255. Id., Mt. Lyell (cum. div.), 20s. Id. (2 parcels). WOOL PRICES IN LONDON.. GOOD GENERAL COMPETITION. By Telegraph—Press Assn.—-Copyright. London, Dec. 4. At the wool sales 9432 bales, were offered, of which 3062 were-from New Zealand. About 8325 were sold. There was a large offering of greasy Merinos, a good supply of scoured, and a medium lot of crossbreds. There was good general competition, and prices were unchanged. A New Zealand scoured Merino clip, Dunstan Downs, brought 18d top price, 172 d average. Greasy crossbred, Candh, 7fd and 7d.