FINANCE AND COMMERCE

Taranaki Daily News, 17 October 1931, Page 23 (Supplement)

FINANCE AND COMMERCE

TARANAKI STOCK MARKETS MORE KEENNESS BEING SHOWN. JERSEY HEIFERS IN DEMAND. Good yardings of oddments have ’been submitted during the week, Newton King, Ltd... reports, and as a result of the splendid growth a little more keenness is being displayed* to acquire stock, but as yet prices 'have not advanced to any extent. Competition is brighter, especially for the good yardings of yearling Jersey heifers and a better market awaits all classes. Store bullocks are inquired for, but few are yarded and good numbers have 'been absorbed privately. In the beef section there seems barely sufficient offering in North Taranaki for butchers’ requirements, and supplies from further afield have been drawn on; as'a result a firm market continues. Private sales in South Taranaki for best cows have been at £9 10s, while lighter sorts are absorbed at from £8 to £8 10s, sales of 'bullocks 'being made at from £9 10s to £lO 10s. Odd lots from dairy farmers constitute the majority of this class offering in the northern end of the district, and realisations range from £6 to £7 10s, with unfinished sorts £4 15a to £5 ss. ' An abundant supply of mutton is available and an easing in values is the result, with difficulty in quitting ewes in keeping with vendors’ ideas. Few shorn sheep are offering and values are: Wethers 17s to 19s; good young ewes, 14s fid; lighter ewes, 12s to 13s. There is good business with store sheep, but owing to few quotation? of any class being available, trading is not of much account. Ewes with lambs at foot are increasing in popularity but only oddments are offering, and those who purchased in February and are prepared to sell, show a good profit. Four, and five-year sheep with good lambs at foot find a market at up to 17s, while older sorts change hands at from 14s to 15s fid; hoggets, are readily absorbed, best ewes being worth to 14s; others, Ils 6d to 12s 6d. Wethers of this clafis sell at from 9s fid to 12s. Prices for store cattle show little improvement although the demand is better. Good numbers of bullocks have been absorbed by South Taranaki graziers at from £4 5s to £4 10s. One.line of 100 was drawn from Toko at an average of £4 as per head. Paddock cows continue to. sell well and young sorts in forward condition meet a ready market at from £3 to £3 10s, while lighter-conditioned _ and older cattle sell at from £1 15s to £2 os. Sound empty cows are coming forward in good numbers and are meeting a little better demand, but prices do not show much improvement. Good quality young spris sell at from £2 to £2 10s and others £1 10s to £1 15s. ’ Appreciation of the spring Weather is being exhibited by the large number of yearling heifers offered. /Business during the week has been of some magnitude both with local and outside buvers, one line of 200 well _ grown cattle- being purchased by a King Country client at an average of £3 15s. ■Selections of well-done good quality Seattle, direct from the breeder, range from £4 to £4 10s, with an occasional sale of outstanding cattle at a higher figure. Increased numbers have been auctioned. Hold-over cattle are yarded in fair numbers and values for these are hardening. Values at auction arc: Good quality cattle of size carrying condition, to. £4; lighter-conditioned cattle, £3 to £3 10s; cross-bred cattle Showing quality, £2 10s to £2..155; in-ferior-bred,. £1 Is o<i to £1 15s; good quality hold-over heifers, to £1 17s fid; others, 20s to 30s. ' In the dairy section fair numbers of heifers are offered at auction, but.realisations are inconsistent throughout the district, the best markets being in Central and South Taranaki. Generally values are:—’Best heifers at profit to £9; medium, £7 to £Blater calvers of quality, £5 15s to £6 10s; small and lightconditioned cattle, £4 to £5. " More bull fairs have been held and the results have been perhaps a little better than those recorded at the opening fairs. The Stratford fair under ths auspices of the Jei’sey Cattle Club drew a splendid entry of 71 bulls, most of which, were yearlings. Of the number catalogued Newton King's entry comprised 57, of which 48 were sold at an average of approximately 15 guineas. The total number cold at the sale was fiO, at an average of 14 guineas. There was little competition for other than pedigree bulls. Yearling Ayrshires realised from 3J to 41 guineas. The New Plymouth haymarket sale yesterday drew a full yarding of all classes and a total. clearance was effected under spirited competition at rates on a par with last week’s realisations, the range of prices being: ‘ Unfinished porkers. 27s to 28s; large stores, 235; smaller stores, 20s to 21s; slips, 18s; best weaners. 15s to 16s; others, Ils Cd to 13s fid. GENERAL HARDENING TENDENCY. ACTIVITY FOR STORE SHEEP. The Farmers’ Co-op. Organisation Society of New Zealand, Ltd., reports a general hardening tendency has been evident throughout the week in all classes of the market. Activity has been displayed in the store sheep market and supplies are increasingly difficult to secure, with .values hardening particularly in regard to wether hoggets and two and four-tooth wethers. Store cattle also occupy attention, > bullock purchasers becoming more active and the demand still holding for good Hereford aud iP.A. empty cows with supplies difficult to find. Weaner heifers sti'll command attention with little movement in regard to price, the demand being mainly for medium cattle at approximately £3, with a strong inquiry for good hold-over heifers at 35s to £2 5s for the best quality holdover weaners. Fat sheep values remain steady with supplies of first-class wethers and really fat ewes not easy to procure. Quotations are: Fat wethers, prime, 18s to l'9s 6d; good medium, Ids 6d to 17s Gd; ewes, prime, young to lfi<s; good, 14s to 15s; medium, 10s Gd to 11b 6d. Prices of fat cattle are: Good bullocks, £10; medium, £7 15s to £9; prime heifers, four years, £9 ss; good cows and heifers, heavy, £7 10s to £8 ss; medium cows, £6 10s to £7. It is noticeable that supplies of first-class beef are 'becoming short and butchers are forced to kill cattle that are not ready. A considerable volume of the business was transacted during the week in store sheep at values ranging: 'Wether good, 10s 6d to Ils 6d; mediunq 8s 6d to 9s 3d; inferior, 7s Gd; ewe’hoggets, extra good to 15s; good, 12s Gd to 13s 6d; mixed sex hoggets, medium, Ils; ewes with lambs at foot, really good four and six-tootli ewes, 100 per cent. I'-L lambs. 21s; medium voung cwto with b*f. lambs, 17a fid

to 19s; good four and five-year-olds with over 100 per cent., 17A to 20s; medium, Ids Gd to 15s’3d.

For store cattle the demand is steady with supplies ■ short, values showing a hardening tendency in sympathy with outside centres. Good four and 'five-year-old bullocks made £4 5s to £5; medium bullocks in hard condition, £3 to £4; good three-year-old Hereford steers, £3 15s; good store P.A.' hei'fsrs, three-year, well grown, £3 15s; medium; £3 to £3 10s;- empty cows, good to £3 l'ss; medium, £2 15s to £3. The demand continues for good dairy cows aud 'heifers but supplies of reasonably good cattle are very, difficult to find and values remain on a par with last week's quotations. For the Hawera horse fair there was an entry of approximately 100 horses, most of which were sold under the hammer. Values were slightly below those of the previous Fanners’ Co-op. Organisation Society’s fair, but the demand was good for heavy horses showing quality, the top price boing £36 for a four’-year black, filly, with three or four horses making £35; good young horses, all work, £25 to £35; medium, £l6 to £22 10s; lighter and aged, £8 to £10; hacks and ponies, 25s to £6 10s. • There was. at tho Waverley sale and bull fair a big yarding of cattle, all the pens being filled, and there was a medium eptry of sheep. Fat ewes made 12s to 14s 6d; small ew’e hoggets, 9s; 1:82 four-tooth woolly wethers, good, on account J. Tuffiu, 15s; fat'hoggets, 16s. A pen of store (bullocks in medium condition made £4 15s; very forward P.A. cows £5 IO13; fat cows, £5 10s to £7; best -store cows, £3 10s to £4; good, 35s to £2 ss; boners, 15s to 30s; dairy heifers, medium only, £5 10s to £G 10s; poor, £3 to £4 10s. Of yearling heifers a largo entry sold well, best heifers making £3 10s to £4; medium, £2 10s to £3; good hold-over cattle, 35s to £2 3s; poor, 2'ss to 30s. A large entry of bulls met a somewhat slack sale, the top price of pedigrees on account of F. J. Finer being 144 guineas and good bulls selling from 7 to I'l guineas, with, medium and aged 4 to 6 guineas. The Okaiawa sale had a larger entry than usual. Sound empty cows made 32s to £2 ss; empty heifers, £2 10s to £4; springing heifers, £6 to £7; bulls, pedigrees, 6J to 10 guineas; grade, 5 to 6£ guineas; yearlings, 34 to 6 guineas. At the Inglewood sale there was a o-ood yardng of dairy cattle. Yearling heifers made £3 12s to £4, £2 10s to £2 17s, and 35s to £2 2s; dairy heifers, £8 10s to £lO, £7 2s 6d to £8 ss, £5 17s 6d to £7; dairy cows, £7 10s to £9; £6 to £7 ss; others, £4 5s to £5 ss; fat cows, £7; stores were sold at current rates. The Kohuratahi cattle fair entry came up to advertised numbers. Grown cattle showed the effects of the hard winter. The-300 head yarded were sold with the exception of two small pens. Fat and forward bullocks on account of A. 'Perry made £7; four and fiveyear bullocks on account of J. Moore made £5 15s; four-year bullocks on account of G, Connor made £4 6s; threeyear P.A. heifers on account of A. Perry made £3 17s; P.A. cows with calves at foot made £3 16s; bulls and springing heifers made late rates. NEW PLYMOUTH FISH PRICES Fish is obtainable in New Plymouth at the following prices:— Schnapper: Whole, Gd per lb; trimmed, 10d; filleted, Is lb. Terekihi: Whole, 5d per lb; trimmed, 9d lb; filleted, Is lb. Flounder: Is lb. Smoked: Schnapper, Is lb; tcrekihi, Is lb; blue cod, Is 4d lb. EGG PRICES. Prices during the week ranged as follow: —first grade hen eggs, lid to Is Id per dozen; second grade, 10Jd to ll£d; duck eggs, lid. Exchange rates on America were quoted yesterday in New Plymouth as buying 3.79 dollars and selling 3j99 dollars, and on Canada as buying 4.24 dollars aud selling 4.44 dollars. lhe rates are now remaining fairly steady. AUSTRALIAN GRAIN PRICES. By Telegraph-Press Assn.—-Copyright. Sydney, Oct. 15. Wlieat: Ex trucks Sydney, ,2s Ud bushel; country stations, 2s 3d bushel. Flour: £lO ton. Bran and pollard: £4 tom. 'Potatoes: Tasmanian, £9 to £ll ton; Victorian, £7 10s ton. Onions: Victorian, £6 ton. Oats: 'White and Algerian, 2s 6d bushel. Maize: 3s 2d a bushel. Melbourne, Oct. 16. Wheat: 2s 9d bushel. Flour: £7 ton. IBran and pollard: N & a ton, Oats: 2s to 2s Id bushel. Barley; English unchanged. Maize: 3s to 3s Id bushel. SHAREMARKET TRANSACTIONS . Christchurch, October 16: —Sales on Exchange: Commercial 'Bank of Australia, 13s Gd (3 parcels), 13s 7d; New Zealand Refrigerating (10s -paid), 3s lid (3 parcels) ; Tooth’s (Brewery, 17s 3d, 17s 4d, 17s 6d; Cornish Point, 34d (c’ parcels); King Solomon, 2s Gd (7 parcels), 2s 4Jd; Okarito, 9s 8(1, 9s 9d, 9s lOd, 9s lid, 10s (2 parcels); Golden Point, Is. Sales reported: Commercial Bank of Australia, 13s 6d; Union Bank of Australia, £6 14s; New Zealand Refrigerating (10s paid), 4s (3 parcels).