FINANCE AND COMMERCE

Taranaki Daily News, 14 July 1933, Page 4

FINANCE AND COMMERCE

ADDINGTON STOCK MARKET

KEENER BEEF DEMAND REPORTED.

INQUIRY FOR BREEDING EWES.

Christchurch, July 12.

Entries .at the Addington market today were of normal size and prices showed little change in the sheep section, except for breeding ewes, which were better, and light fat lambs, which were Cheaper. Good beef was in keener demand. Store sheep: Good ewes were Is to 2s a head better than the preceding week, adult wethers and store wethers also being in good demand, without any change in values. Good ewe lambs, 12s 3d to 14s 3d; medium to 11s 6d; good wether to 10s; ordinary, 7s to 8s 9d; good m.s., 10s 9d to Ils 8d; ordinary m.s., 8s 5d to 9s 6d. Extra good lour-year halfbred ewes to 17s; ordinary s.m. halfbred to •8s sd; s. and f.m.', 6s to 7s; extra good two-tooth halfbred to 18s 6d; ordinary two-tooth half bred to 13s; good four and six-tooth halfbred to 17s 6d; ordinary four and six-tooth halfbred, 13s- 6d to 14s 2d; good half bred • wethers to 14s; Ordinary halfbred wethers, 9s 6d to 10s

6d. ■ X u. ■ 2 Eat lambs: 700 came forward, com- q pared with-1450 last week. Prime lambs t sold firmly, but lighter sorts were back by Is to Is 6d. Extra prime heavy lambs made to 22s lOd; prime heavy, 17s 6d to , '2os; medium-weight prime, 13s to 17s;' • light, 9s to 12s 6d. Eat sheep: A medium entry. Tire mar- , ket was maintained for butchers’ weth- > ers, but lighter sorts were easier, with no , export- competition. Extra prime heavy wethers sold to 26s 4d; prime heavy 19s , 6d to 225; meduim-weight prime 16s to ■ 19s; ordinary,' 13s to 15s 6d; light, 10s to 12s- 6d; extra prime heavy ewes to 19s lOd; prime heavy, 14s 6d to 17s 6d; med-ium-weight prime, Us to 14s; ordinary, 8s to 10s 6d; light, 5s to 7s 6d. Fat cattle: 412 were yarded compared with 305 last week. Exceptionally good lines were forward from Otago and the West Coast. Good beef was better than last week by up to 15s a head but light and medium sorts were unaltered. Extra good beef made to 25s a 1001 b; good, 19s to 23s 6d; heavyweight, 16s 6d to 19s; medium quality.to 16s, arid rough down to 10s. Extra prime heavy steers sold to £l2 12s 6d; prime heavy, £8 15s to £lO ss; prime medium-weight, £7 5s to £9 10s; ordinary, £4 10s to £7; light to £4 ss. Extra prime heifers to £9 17s 6d; prime, £5 IDs to £7 10s; ordinary, £3 10s to £5; light, £2 5s to £3 7s 6d;. extra prime cows to £8 17s 6d; prime, £4 15s * to £6; ordinary, £3 5s to £4 10s; light, £2 to £3. Fat pigs: An indifferent quality yarding and butchers’ requirements were hard to fill. Choppers made 30s to £4 ' 13s 6d; baconers, 345..6d.tp 57s 6d; average price per lb 3Jd to 4d. Porkers, 19s 6d to 32s 6d; average price per ,1b 4d to ■ 4Jd. ' _ ADVANCE- IN FAT SHEEP ' ■ —- i NO ALTERATION IN CATTLE RATES. JOHNSONVILLE MARKET PRICES. t ■ . Prices of' fat sheep advanced Is to 2s a head at the Johnsonville sale on Wednesday when Wright, Stephenson and Co. Ltd., and Abraham and Williams Ltd. offered a full yarding of all classes of stock.'/'The beef comprised heavyweight bullocks, with a few pens of lighter sorts,- together -with prime cows and heifers, and the usual offering of ' vealers. ■ There was a good demand at auction for ■■ all classes of cattle, prices showing no alteration on late rates. The sheep yarding was of good quality, and competition was keen at prices showing an all-round advance, wethers firming to the extent of Is per head, and ewes up to 2s per head. Lambs were in. shorter supply than usual, and met with a fair sale. Cattle: Prime extra heavy bullocks, £8 10s (single), £8 5s (single), £B, £7 15s, £7 10s; prime heavy bullocks, £7, £6 17s 6d, £6 15s, £6 12s 6d, £6; prime heavy cows and heifers, £4 15s, £4 12s 6d, £4 10s, £4 6s, £4 4s, £4, £3 12s 6d; cows and heifers, £3, £2 Ils; runners, £2 15s, £2 12s, £2 10s, £2 6s, £2 4s, £2 £1 15s. Sheep: Prime extra heavy wethers, 19s 6d, 19s 3d, 19s Id; prime heavy wethers, 18s lOd, 18s 6d; medium wethers, 17s Bd, 17s 6d; prime heavy ewes, 17s, 16s lOd, 16s 6d; heavy ewes, 16s, 15s 9d,-15s 6d; light and unfinished ewes, ■ 14s ■ 4d, 14s 3d, 14s; heavy hoggets, 16s 2d, 15s 6d; light hoggets, 14s 2d, 14s; heavy lambs, 15s 6d, 15s Id, 14s 7d; lambs, 13s 4d. OTAGO CATTLE AND SHEEP LATE RATES RULE AT BURNSIDE. WETHERS UP BY A SHILLING. Dunedin, July 12. A full yarding of 270 head of fat cattle, mainly of excellent quality, was offered at Bumside to-day. Butchers bid freely at full late rates for cows and heifers, but heavy prime bullocks, of which there was a surplus, showed a drop of 15s to £1 per head. Lightweight bullocks sold well in the early-part of -the sale, but fell away as buyers filled their requirements. The top price of £l2 7s 6d was . again made for a consignment from Central Otago. Extra prime heavy bul- ’ locks sold to £l2 7s 6d; prime heavy, . £8 10s to £lO 10s; medium, £6 10s to ' £8; light, £5 to £6. Best heifers sold L to £8 2s 6d; light and medium, £4 to £6. Best cows sold to £7; others to £5.

A yarding of 2700 sheep proved too many for butchers’ requirements. Wethers were again in short supply, but those penned were of better quality than usual. The bulk of the ewes were well finished, and included a good number of prime heavy sorts. From the start, medium and lightweight ewes showed a drop of Is 6d to 2s. Best ewes were in keen demand at last week’s rates. Wethers showed a rise of Is per head, and for this class values were steady throughout. At the closing stages values for ewes, particularly medium and lightweights, dropped considerably. Extra prime heavy wethers sold to 27s 6d; prime heavy, 20s to 225; medium, 17s to 19s; light, 15s to 16s; extra prime heavy ewes to 235; prime heavy, 14s to 18s; medium, Ils to 13s: light, 7s to 9s 6d. Although only 200 lambs were offered there was little competition, except for pens showing quality. Bidding was confined to the butchers, who paid to 20s for prime heavy iambs. Light and unfinished sorts were unsaleable, except to graziers. In the store cattle section there was an average yarding. Threc-year-old steers, of which there were only a few pens, showed a decline of fully 10s per head.

For dairy cows the market was erratic. With the exception of one cow, which realised £8 2s 6d, nothing of outstanding quality was offered. The yarding of fat pigs numbered 87, and owing to the short entry there was A distinct firming. Best baconers sold

to £3 10s, and porkers up to £2 ss. These prices showed a rise of fully 8s per head on recent rates. A short yarding of sto're pigs sold firmly at late rates. Good suckers realised up to 10s, and large stores to 24s per head. BEEF DEMAND AT WESTFIELD STEERS IN SHORT SUPPLY. , ADVANCE IN COWS AND HEIFERS.. Auckland, July 12. There was a keen- demand for beef cattle at Westfield to-day. Ox beef was in rather short supply, and values improved by about Is per 1001 b. Cow and heifer beef also advanced in pffce. Extra choice ox sold to 19s per 1001 b; choice and prime ox, 16s to 18s; secondary and plain, 14s to 15s; prime young cow and heifer, 14s to 17s; ordinary, cow, 10s to 12s 6d. Extra heavy prime steers made £8 7s 6d to £9 2s 6d;< heavy prime steers, £7 10s to £8; lighter prime, £6 7s 6d to £7 ss; light prime, £5 IQs-to £6 2s 6d; small and unfinished, £4 5s 6d to £4 17s Gd; extra heavy prime young cows and heifers, £5 5s to £5 12s 6d; heavy prime, £4 7s 6d to £5; lighter prime, £3 15s to £4 2s 6d; other killable cows, £1 17s 6d to £3 12s 6d. Sheep were yarded in less than average numbers. The demand unproved and values for wethers were very firm at late rates. Ewes appreciated by about 2s a head. Prime wethers made 14s 6d to 22s 6d; unfinished, 12s to 14s; prime ewes, 12s 9d to 18s. 6d; unfinished, 10s 3d to 12s

9d. Lambs had a steady sale at values a shade lower than last week. Prime lambs madeTOs 6d to 21s 6d; unfinished, 8s to 10s' 6d. • c There was a rise in prices of calves, which were offered in smaller numbers. Runners’ made 30s to 61s; vealers, 20s to 565. Pigs were in short supply, and porkers sold at higher rates, baconers being firm. Baconers made 37s to 655; porkers, 20s to 375; large stores, 18s to 235. - CAPITAL REDUCTION PLANNED EFFECT OF GOVERNMENT STOCK. VALUE OF GEAR HOLDINGS LOWER. • ■ Wellington, July 13. The Gear Meat Company announces that it holds £319,225 at face value Government stock free from income tax.. The recent reduction in interest on it from 4J to 3j per cent, renders this large holding of less, value to the company s annual finance. The directors have resolved to propose to shareholders the distribution in proportion to each holding of £230,000 of the 3J per cent, stock, assumed for the purpose to be of exact face value. As a necessary result the share capital will be reduced from 460,000 shares of £1 each (fully paid) to 460,000 shares of 10s each (fully paid)-subject-to approval by the Supreme Court of such a reduction.- ' ; Meetings of shareholders will be convened at an early date to consider the proposal, and if approved to pass the necesary resolutions to give ■ effect to it; LONDON WOOL PRICES RISE READY CLEARANCE GENERALLY. FIRM TONE FULLY. MA.INTANIED, London, July 12. At the wool sales 12,032 bales were offered, including 6933 New Zealand, and about 8213 were sold. A firm tone was fully maintained. Prices as a rule moved in sellers’, favour. The. .offerings were readily cleared and there were few occasional withdrawals,. owing. to high limits....

New Zealand prices: Scoured .Merino, Rhodoro Downs, top 24Jd, average 221 d; greasy crossbred, King’s Drive, top 13d. •