FINANCE AND COMMERCE

Taranaki Daily News, 19 December 1930, Page 16

FINANCE AND COMMERCE

BURNSIDE DOUBLE SALE. FAT LAMBS FIRMER. Dunedin, December 17. Large yardings of fat stock were offered at Burnside sale to-day. It was a double sale to enable butchers to procure supplies for the Christmas trade. The lamb entry was much larger than usual, and considerable attention concentrated on this class. In the opening sales prices were higher than those realised at the previous sale. Butchers were keen to secure supplies, and the market in consequence was firm to the closing sales. There- was a good demand for wethers at last week’s rates, but as the freezing buyers did not operate, ewes were sold at reduced prices. Fat cattle met with a dragging sale, and prices were easier.

The sheep entry comprised 1700 head. . It was a poor yarding as far as quality was concerned, only a few pens of prime wethers being offered. These sold at 31s a head. The balance of the-wethers were light and unfinished, and sold*from 20s to 245; these rates being equivalent to a lb. A number of pens of extra heavy quality, the balance being inferior, comprised the ewe entry, and there was reduction of . about 2s a head for this class. A pen of woolly ewes sold at 18s, while the. balance realised a shade less. Exxtra heavy shorn wethers sold to 33s 3d, and heavy wethers in wool to 32s 6d Medium shorn, wethers sold to 23s !kL The prices obtained for ewes in the wool were equivalent to about 3d. and for shorn ewes about 2’/ 2 d a lb. Fully 50( per cent. , of the large yarding of lambs was made up of light and unfinished animals. The sale opened at an advance of 2s a head for prime lambs, which were sold under good competition. The top price in the early sales was 22s (id The market improved as the sale progressed, and the closing sales showed a further advance in price# ; . * The store cattle entry included a. few pens of good quality steers, which sold at prices ranging from £6 to £lO a head. A number of icows realised from £5 to £B. Fat cattle.—The entry comprised 303 head, the bulk of which were of indifferent quality. livthe pig section late rates were more than equalled for porkers,. but baconers were sold at a reduction of about 15s a head. There was a fair demand for store pigs. ' JOHNSONVILLE VALUES.' . CATTLE AGAIN DECLINE. At Johnsonville sale on Wednesday sheep and and lamb, values were steady, but cattle values showed a further decline. A full yarding of all classes was offered. Cattle. —The cattle comprised good quality medium-weight bullock's with a few pens of heavier sorts. Competition was good at rates showing a decline of from 10s to 15s son last week’s prices. Sheep—The quality of the yarding was good. Wethers and ewes sold on a par with last' week’s rates. Lambs met with a ready sale. . The Christmas sale will be held on Saturday afternoon, when the bulk of the yarding will be prime spring lamb. The range of prices at Wednesday’s sab was as follows:— Heavy bullocks, £l4 2s 6d, £l3 17s Gd, £l3' 10s, £l3 7s 6d, £l3 ss; medium' bullocks, £l2 15s, £l2 10s, £l2 7s 6d, £l2 ss, £l2; .light and unfinished, £ll 15s, £ll 12s 6d, £ll 10s, £11; P.A. heifers, £9 ss, £9, £B,; P.A. cows, £8 2s 6d, £7 15s, £7 12s . 6d; runners, £5 ss, £4 15s, £4 ss. . ' l. ■ Sheep.—Extra heavy wethers, £2l 6s, 21s, 20s 9d, 20s 3d; , heavy, wethers, 20s, 19s 7d, 19s 4d, TBs lOd, 18s 7d, 18s 3d, 17s lid; wethers, T7s 6d 17s 3d, 16s 9d; light wethers, 16s 6d, jlGs 3d, 16s; shorn hoggets, 165,. 15s 9d,' 15s 4d, 15s, 14s Bd, 14s Id; e\ves, heavy, 12s, Ils lOd, Ils Bd, Us 3d, Us, 10s Bd, 10s 4d; 10s Id; ewes 10s, 9s 9d, 9s 7d, 9s 3d, to ! ‘ •, Lambs. —16s 7d, 16s 2d, 15s sd, 15s, 14s Bd, 14s 7d, 14s Id, 13s 6d. SHAREMARKET TRANSACTIONS. . ’ ' "'/ / I Auckland,' December 18.—Sharemarket sales: Inscribed Stock, 1937, 5 1-8 per cent., £96; Takapuna Borough, 1945, 6 per cent., £101; Mount Eden Borough, 1964, 5J per cent., £92; Tamaki West Road Board, I 960; 5J pCr cent., £99 165.; Bank of Australasia, £9 55.; Commercial Bank of Australia, 16s. 2Jd.; Bank of [ New Zealand, 50s. (two parcels); New 'Zealand'lnsurance, 415.; N.Z. Refrigerating, cont., lid. . . ‘ . Christchurch, December. 18— Sales on exchange: Commercial Bank of Australia, 16s. Id., 16s. 2d. (two parcels), 16s. 2d. (three parcels); Dalgety and Co., >£6 7s. 6d., £6 75.; Goldsbrough Mort, 18s. 9d.; N.Z. Refrigerating (10s. paid),Is. Id., Is. 3d.; New Zealand Breweries, 395. 9c1., 395. 6d.; New Zealand Drug Co. (odd,lot), 51s. Sales reported: Mount , Lyell, 18s. Id., 18s. 2d.; N.Z. Breweries, 395. 6d.f N.Z. Refrigerating (10s. paid), Is. 4Jd.