FINANCE AND COMMERCE

Taranaki Daily News, 15 August 1931, Page 15

FINANCE AND COMMERCE

TARANAKI STOCK MARKETS BRIGHTER TONE NOTICEABLE. EFFECT OF BETTER WEATHER. Heavy yardings of dairy stock have been submitted at sales during the week and a little brighter tone has been noticeable, which is perhaps attributable to the more seasonable weather, Newton King, Ltd., reports. Realisations, however, have not shown any appreciable advance, although a continuation of better weather will have a beneficial effect on pastures, and as a result prospective purchasers should operate more fieely and better prices may be the order. Entries at sales other than, of dairy cattle have been practically nil, and private business has been of no consequence n.l- - fair numbers of yearling Jersey heifers have changed hands to local and outside buyers. Generally speaking values have not shown any improvement. Beef and mutton prices remain firm and holders of beef show an inclination to quote at advanced rates. Store sheep continue to find good favour but quotations of other than ewes in lamb are not plentiful. Forward wethers and hoggets are readily absorbed. Prices for the former show an advance on late’ rates and up to Ids Cd has been recorded for good-conditioned sheep. Few quotations of good hoggets are available and a shortage of this class may result in prices hardening soon. A alucs for ewes range from Us 6d to 13s, with an occasional ’realisation in- excess of the, latter figure. Wether hoggets change , hands at from 8s 6d to 10s 6d according to condition. ' In previous years inquiry for stope bullocks has been noticeable about this .period, but as yet business is nil, and 'the oddments submitted at auction constitute the bulk of the business in tlic store-cattle section. The schedule price for works cows has been reduced to 5s 6d per 1001 b and buyers operate strictly to this figure and realisations range from 10s to 255. Inquiry for yearling heifers shows an increasing tendency, but difference of opinion concerning values continues and business is not easily transacted. Sales of choice cattle have been recorded at up to £4, but generally £3 10s stops most prospective buyers. Good numbers have been purchased at around about that figure. Large attendances have gathered to witness the dispersal of the good numbers of dairy cattle yarded at the firm’s sales, and heifers at profit have met with a little better demand. Genuine young cows continue to meet with spirited competition and sell more readily than heifers. There has been a good number of inferior-bred sorts included in the yardings and these have met with little demand.

At the Stratford sale on Tuesday 120 cows and heifers were submitted. Cows showing quality and close to calving were eagerly sought and prices were pleasing to vendors. Good quality young cows made to £lO 10s; medium sorts, £7 10s to £8 ss; late calvers, £3 10s to £5; choice heifers from tested dams, to £10; good sorts, £8 ss; later calvers of good quality, £6; backward sorts, £3 ss. At Kaponga on Friday last a special entry of 50 dairy cows was submitted on behalf of Mr. F. Reardon. Most of the cattle were early calvers, and the average of £8 6s indicated the satisfactory competition. Young Jersey cows of quality realised from £9 to ’£ll 40s; calved cows, £5 to £8 10s; young Friesian cows at profit, £7 to £9 ss. Inglewood sale on Wednesday drew an entry of approximately 100 head of dairy cows and heifers; included in which was Mr. R. Paterson’s herd of 30 mixed cows. Best sorts at profit made from £7 10s to £8 15s; medium sorts, £5 10s to £6 10s; later calvers, £3 to £4. Heifers were yarded in good numbers, good sorts at profit making from £6 to £7 and lighter-conditioned ant] late calvers £3 10s to £4 15s. At Rahotu on Thursday an entry of 70-odd good quality heifers came forward. Competition was.a little better than at recent fixtures. Practically.: the whole entry changed hands, and realisations were perhaps a little in excels of' expectations. Good quality heifers at profit made to £7 15s; similar quality cattle in milk, £7 2s 6dto £8 2s 6d; medium sorts at profit, £5 as to £6 os; lighter conditioned and late sorts, £3 10s to £4 10s.

A fair yarding of pigs wan submitted at the New Plymouth haymarket sale yesterday and a full clearance, was effected under spirited competition at late rates, realisations being:—Unfinished porkers, 31s to 345; large stores, in good condition, 245; lighter conditioned stores, 21s fid; slips, Ute to 20s; weaners, 15s to 19s. DEMAND AND PRICES SLACKEN. PROSPECTS OF IMPROVEMENT. The Farmers’ Co-op. Organisation of New Zealand reports: Despite the fact that the butter market is active at 114 s and cheese firm, white at 62s and coloured at 645, the week has been a quiet one for private selling, sales in the paddock having dwindled away and prices of dairy stock at auction, which are occupying most attention, having decidedly de*clined. For the first time this season the southern sales have shown a tendency to slacken off in sympathy with prices ruling in the northern area, and there is now little difference, if arty,; in the prices ruling throughout Taranaki.

Since last week there has been a drop in the price of best heifers ranging from £1 to £2, and in medium to inferior heifers ranging from £2 to £3. The inferior heifer either small or law in condition is difficult to sell at all, and we are faced with a number of vendors forced to put their heifers on the market for unreserved Sale and purchasers are able to pick and choose and obtain good heifers.at what appears reasonable money. The best of the choice heifers, however, still more or less hold their own and sales were made in the paddock during the week at up to £8 and £8 ss, but it has been possible to purchase lit auction really good useful heifers at from £5 10s to £8 10s.

.It is apparent,.however, that the depression in-the market 4s only temporary. The rough weather and the severe frosts .have made .-it almost impossible for local purchasers to operate, and as soon as the weather brightens and the feed starts to come away the demand will rapidly- hnprpyKjv'-Yearling)

are still in demand and prices ruling show no change, £3 to £4 being asked for the better class yearling. The fat cattle section shows a slight improvement and the demand for fat cows is more apparent. A number of sales have been made during the week, fat heifers from £5 to £6, good fat cows £5 to £5 10s and medium £4 to £4 15s. ■lsolated sales of fat bullocks are recorded, the prices being approximately -20 s to 22s per 1001 b for choice cattle. Fat ewes are still difficult to procure. Sales have been few. The best fat wethers made 20s to 21s and medium and good 16s 6d to 18s 6d. In store sheep sales of ewes in lamb are still coming through and the demand is quite good. Hoggets command attention- and good ewe hoggets sold during the week at Us Gd to 14s, wether hoggets at 7s 9d to 11s. Prices for ewes sold during the week are: Mixed age R.W.S.D. rams 14s 6d to 15s; 2-tooth ewee £l, 4 and 5-year good medium ewes 12s Gd to 14s 3d, medium 2-tooth ewes R.W.R. rams 13s 3d. The enquiry for cows in calf at low money prove difficult to fill. Most of the good P.A. and Hereford cows are not coming on the market at present and the money offering, £2 10s to £3 10s, does not tempt vendors. Sales of bullocks, 4 and 5-year, have been recorded at £4 5s to £4 12s. At the Hawera horse fair- a large entry of over 100 horses met an excellent sale. Competition was good and sustained with a keen demand for lighter horses broken to all work. Unbroken horses did not meet with the same demand and were difficult to quit. Ordinary- sorts made from £5 to £l5. A special entry of Clydesdales on account of E. A. Washer, Okaiawa, sold well. An unbroken 3-year filly made £36 15s, a very nice 4-year pedigree mare broken to chains, £42. A special entry on account of H. Thrush, a good 4-year gelding, madq £35. Good useful horses broken to all work, medium to heavy, made £25 to £32, lighter £lB- to £23, aged and lighter sorts £lO to £lB. Hacks and ponies met the usual demand and sold from £4 to £lO. The Kohuratahi special dairy sale drew a good yarding of cows and heifers and competition was keen up to a certain price. Practically the whole yarding was cleared. Quotations are: Good dairy cows £6 10s to £8 15s, the best heifers to £7 10s, medium £4 to £6. The Opunake special heifer fair drew an exceptionally large entry of cows and heifers and resulted in prices on a par with other sales and a considerable decline on the last Opunake sale. We were successful in practically clearing the large entry under the hammer. Pigs met a ready sale, stores making 22s 6d to 265, weaners to 15s, good young cows on account J. S. Tosland £8 5s to £lO, heifers £4 10s to £6 10s, D. D. O’Sullivan £8 ss, £7 5s to £6 15s, E. G. Holmes £6 10s to £4 15s, B. F. Bowman £5 to £6 10s, G. Looney £5 17s 6d to £6 10s, McLachlan Estate £6 15s, £5 15s, J. C. Cox £4 15s, £5, A. Stevenson £6, £5 15s, others vendors’ heifers at £3 15s to £5. The Manaia sale drew a large entry fo dairy cattle and store cows. The latter sold at late rates, 22s 6d to 30s. The dairy sale was very poor and the demand restricted. The few that changed hands did so at prices showing a considerable decline. At the Eltham sale a fair yarding of sheep and a full yarding of dairy heifers and cow’s and sheep met a good demand. Mixed sex hoggets, good, made Us 8d and forward wethers 10s. The dairy sale was poor and the demand restricted. At the Urenui sale a full yardjng came forward and met a brighter sale. Fat wethers made 17s 6d to 19s 2d, fat and forward bullocks £6 7s Gd to £7 ss, fat cows £4 15s to £5 10s, dairy heifers (best) to £8 10s, medium £6 to £7. os, poorer sorts £4 to £5 10s, dairy cows £4 to £5 10s.

At the Hawera sale an exceptionally large yarding of dairy heifers came forward. The market showed an all round decline, medium smaller heifers being particularly affected and being practically unsaleable. The market for the best heifers showed a slight easing tendency and medium heifers declined fully £2. We were successful in disposing of three-fourths of the yarding of approximately 200 cows and heifers. Good cows were in demand and sold well at from £8 to £8 10s. Best heifers were making £6 10s to £7 10s, with a few choice lots at slightly over that money, good medium heifers £5 -10 s to £6 10s,smaller light conditioned heifers close to calving £3 15s to £s,‘-.'backward and inferior sorts £2 to £3. Store cattle met a ready sale on a par. with recent offerings—2ss to 30s for meaty cows, poorer 10s to 255. Pigs sold well. Sows made £2 Is and good stores 16s to 325. GRAIN AND PRODUCE MARKET. LITTLE DOING IN CANTERBURY. By Telegraph.—Press Association. » . ' Christchurch, Last Night. I With the. Grand National carnival this I week there has been a general lull in business in the Canterbury grain and produce markets, and there are no alterations to report. The potato position is as weak as ever. The general quotation is 35s a ton f.0.b., but potatoes have been sold at slightly below that figure. To farmers, on trucks, they are worth 17s fid to £1 a ton. Odd sales have been made at £1 on trucks at country stations, sacks in. In other sections of the market little business is passing. Fowl wheat is firm at 5s lid f.o.b. prompt. THE SHAREMARKETS. ■ Christchurch, August 14. —Sales on Exchange: Dalgety and Co., £6 Bis; Goldsbrough, Mort, 19s 6d; Bank of New Zealand, 38s fid; Mt. Lyell, 16s lid (2 parcels), IGb 10d (2 parcels); Moturoa Oil, 5s lid, 5b 10d; Golden Point (Is paid), Is 3Jd, Is 4d. Sales reported: Bank of New Zealand, 48s fid (2 parcels), 48s sd; Moturoa Oil, Cs. NEW COMPANY REGISTRATION. . The Mercantile Gazette reports, the registration of a company as follows:— Universal Agencies, Ltd., private company. Capita], £3OO, divided into 800 shares of £1 each. Subscribers: New Plymouth—L. Berg 250, D. Hoskin 50. Objects: To carry on the business of wood, coal, and coke merchants. POULTRY AND EGG PRICES. : Alessrs. L. A; Nolan and Co. report poultry sales at the following prices: Hens Is lid to 3s 2d, pullets 2s 5d to 3s fid, roosters Is 8d to 3s 7d, bantams Is 8d to 2b 3/1, ducks Is 9d to Is lid, chickens lid to 2s, turkey hens Cs. Messrs. Webster Bros., Ltd., report egg sales at the following, prices: Hen Is 3d to Is 4Jd, mixed Is 2Ad to. Is 4d, duck 1b IJd to' Is 21d.