FINANCE AND COMMERCE

Taranaki Daily News, 21 July 1933, Page 12

FINANCE AND COMMERCE

ADDINGTON FAT SHEEP KEEN STORE EWES IN BRISK DEMAND. FAT CATTLE IN OVER-SUPPLY. Christchurch, July 19. Shorter entries of fat sheep at to-day’s market at Addington resulted in a keen sale. Store ewes also sold briskly, but store lambs showed no improvement. Fat cattle were in over-supply and in an er-, ratic market the best nearly maintained last week’s rates, but other qualities were easier. Store Sheep: A good sale for ewes close to lambing. Wether lambs were hard to sell, but good ewe lambs were in demand. Good ewe lambs made to 12s 2d; medium ewe, 10s to Ils; good wether, 9s to 11s; others, 6s to 8s 6d; good m.s. to 12s; good s.m. three-quarter-bred ewes, 14s 6d to 16s Id; ordinary s.m., three-quarterbred, 8s to 9s 6d; good 5-year-old to Ils 6d; s. and f.m., 9s to 10s; aged, 3s to 4s; ordinary halfbred wethers to 9s 9d. Fat Sheep: A normal yarding and a keen sale. Good sheep were up by 3s a head and light by Is 6d, the average advance being near 2s 6d. Extra prime heavy wethers sold to 28s 4d; prime heavy, 21s 6d to 245; medium weight prime, 18s 6d to 21s; ordinary, 15s 6d to 18s; light, Us to 15s; extra prime heavy ewes to 24s 6d; prime heavy, 17s 6d to 21s; medium weight prime ewes, 14s 6d to 17s; ordinary, Ils to 14s; light, 7s to 10s 6d.

Fat Cattle: The earlier part of the sale was very dragging, but later there was an improvement for good cattle, which recovered to last week’s rates. Best beef made to 25s a 1001 b.; . good, 18s to 22s 6d; heavy weight from 16s to 18s; ordinary to 15s 6d; and rough down to Ils. Extra prime heavy steers made to £ll 17s 6d; prime heavy, £8 10s to £10; prime medium weight, £7 to £9 ss; ordinary, £4 5s to £6 15s; light to . £4; extra prime heifers to £8 17s 6d; prime, £5 Is to £7 ss; ordinary, £3 5s to £4 15s; light, to £3 2s 6d; extra prime cows to £8 17s 6d; prime, £4 10s to £6; ordinary,'£3 to £4 ss; light and. aged to £2 7s 6d. Fat Pigs: Baconers were a little firmer. Choppers made 20s to £4 Is; baconers, 37s 6d to 59s 6d; average per lb., 3jd to 4d. Porkers, 18s to 31s 6d; average per lb., 3id to 4Jd.

BUOYANT TENDENCY SHOWN

SHORT YARDINGS AT WESTFIELD.

FURTHER IMPROVEMENT IN BEEF.

• Auckland, July 19. With fairly short yardings in all classes at the Westfield sale, prices showed a buoyant tendency.' Ox. beef made a further improvement of Is per 1001 b. Extra choice ox sold to 20s per. 1001 b.; choice and prime Ox, 17s to 19s; ordinary and plain ox, 14s to 16s; prime young cow and heifer beef, 16s to 19s; ordinary cow beef, 12s to 15s. Extra heavy prime steers made £8 10s to £9 2s 6d; heavy prime steers, £7 10s to £8 7s 6d; lighter prime steers, £6 10s to £7 ss; light prime steers, £5 10S to £6 7s 6d; small and unfinished steers, £3 5s to £5 ss; extra heavy prime young cows and heifers, £5 2s 6d to £5 10s; heavy prime cows and heifers, £4 10s to £5; lighter prime cows and heifers, £3 15s to £4 ss; other killable covys, £2 to £3 12s 6d. There was a full supply of calves, competition was again good, and firm values ruled. Runners made £2 to £4 Is; heavy vealers, £2 9s to £2 l?s; medium, £2 to £2 4s; light, £1 10s to £1 16s; small, £1 to £1 ss; rough and bucketfed, 13s to 18s; bobby calves, 3s to 6s. Sheep were penned ■ in numbers below butchers’ requirements and under keen competition values rose Is to 4s all round, ewes being in particularly good demand. Extra heavy prime .wethers made 20s 3d to 23s 6d; heavy prime wethers, 18s 6d to 19s 9d; medium to heavy, 16s to 17s 3d; unfinished wethers, 12s 9d to 14s; extra heavy prime young ewes, 18s to 20s 6d; heavy prime ewes, 16s to 17s 6d; lighter, 14s to 15s 6d; other ewes, 7s 9d to 13s 6d. Lambs were penned in smaller numbers and sold at late rates. Extra heavy prime, 18s 3d to 20s; heavy prime, 16s, to 17s 9d; lighter prime, 10s 6d to 15s; small and plain lambs, 8s 6d to 9s 6d. There was an average offering of fat pigs- and a large yarding of stores. Bidding was hardly so keen and values were easier. Choppers, 25s to 58s; baconers, 36s to 645; porkers, 25s to 355; best stores, 18s to 225; slips, 14s to 16s; good weaners, 10s to 12s. PRIME BULLOCKS FIRMING JOHNSONVILLE SALE REPORT. SPIRITED COMPETITION FOR SHEEP There was a general firming in prices 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* Heavy prime bullocks showed-a slightly firming tendency as compared with last wek’s rates, while medium bullocks were on a par. Cows and heifers were in keen demand at prices showing an advance on old rates. Vealers were in short supply and met with a keen sale. The sheep yarding comprised good quality wethers and ewes, with a few pans of lighter sorts. Bidding throughout the sale was keen and spirited, and a total clearance was effected at auction at prices showing an advance ■ for wethers of up to 6d to 9d per head, while ewes showed an advance of up to 9d per head as compared with last week’s rates. A small yarding of lambs was readily cleared at late rates. Cattle: Prime extra heavy bullocks, £8 ss, £8 2s 6d, £B, £7 15s, £7 10s. Heavy bullocks, £6 15s, £6 12? 6d, £6 10s, £6 ss, £6. Prime heavy cows and heifers, £5, £4 15s, £4 10s, £4 7s 6d, £4 ss, £4. Runners, £2 12s, £2 10s, £2, £1 16s. - Sheep: Prime extra heavy wethers, 20s 7d, 19s sd, 19s 2d, 19s. Prime heavy wethers, 18s 3d, 18s Id, 18s. Heavy wethers, 16s lid, 16s 4d, 16s. Prime extra heavy ewes, 19s 6d, 19s Id, 19s, 18s 3d. Prime heavy ewes, 17s 4d, 17s Id, 16s lOd. Medium ewes, 15s 3d, 15s Id, 15s. Light and unfinished ewes, 13s 9d, 13s 6d, 12s. Heavy hoggets, 18s, 17s 2d. Light boggets, 14s fed, 13s. Heavy lambs, 17s 6d, 16s 6d, 16s. FAT CATTLE AT DUNEDIN ADVANCE OF 10s AT BURNSIDE. EWES SHOW DECLINE IN PRICES. Dunedin, July 19. Fat cattle sold at an advance of 10s a head and upwards at Burnside to-day. In the- sheep section wethers were firm. Heavy ewes sold at a reduction of Is 6d to 2s, and light and medium-weight ewes at a reduction of 3s per head. The yarding of fat cattle comprised 215 Head of fair to good quality. There wa keen competition for' all

classes, and from the start to the finish the rise in values was maintained. A very choice consignment of bullocks from Central Otago sold to Prime heavy bullocks realised £8 iQI to £10; medium, £7 to £8; light, £S to £6 10s; best heifers, £7 17s 6d; others, £4 to £5 10s; best cows, £7 2s 6d; others, £2 10s to £4 10s. There was a full yarding of 2500 sheep. Competition was keen for all wethers showing finish, there- being very few. Best wethers sold to 275; prime mediumweights, 18s to 21s; light, 13s to 17s; extra prime heavy ewes, 19s 9d; prime, 11s 6d to 15s; medium, ,7s to 10s; light, and unfinished, 4s 6d to 6s 6d. „ ■ The entry of store cattle was an average one. Good store bullocks in forward condition sold at from £4 to £5. Lower prices had to be accepted in the pig section. About 130 fats were penned, ’ principally porkers. Baconers sold .at late values in most instances. Porkers were easier by 7s per head. A small yarding of store pigs realised late About 200 lambs of medium quality were offered and sold at prices equal to last week’s rates. IMPROVED PRICES WESTFIELD STOCK SALE. SMALL SHEEP YARDINGS. The improvement which has characterised the fat stock market throughout the Dominion during the past few weeks was maintained at the weekly Westfield sale on Wednesday. Beef prices rose Is per 1001 b., sheep registered an improvement of between Is and 4s a head, and calves and lambs were firm at late rates. The pig market was the only section of the sale to show a receding tendency. Beef touched 20s for extra choice quality. The yarding was ' rather less than average size and the quality was good. A comparative scarcity of beef, with a resultant increase in values, is always experienced about this time of the year. The increase in sheep prices also was due to the smallness of the yarding. For some time the numbers of first-class fat sheep offered have been decreasing, and stock agents now consider there is a general shortage of fat sheep throughout New Zealand. The opinion is freely expressed that this shortage is due to the abnormally large proportion of fat lambs farmers have been selling in the past two or three years, leaving insufficient stock for breeding rnd store purposes. “This could not go on indefinitely without a serious effect, and I consider the present apparent shortage is one of the first evidences of a movement which has been expected for some time,” said a stock agent last evening. SHAREMARKET TRANSACTIONS. NEW ZEALAND. EXCHANGES. The Press Association reports the following sales on Dominion Stock Exchanges yesterday:— Wellington:—Reported sales: Big River, Is 8d; Waitahu, 6s lOd; Guarantee Corporation, 6s lOd; Loan and Mercantile (ord.), £45 10s. Dunedin: Nokomai, 3s 9d; Central Shotover, Is lid (three lots); Bell-Kilgour, Is 3d. Reported sales: Dominion Rubber, 17s 9d (two lots); New Zealand Drug, 65s • 6d; Grand Junction, 3s 6d; Waitahu, 6s lid (two lots). PRICE OF GOLD IN LONDON. ■ London, July 19. Gold is quoted at £6 4s 4d an ounce, compared with £6 4s 3d on July 17. LONDON WOOL SALES SLACKEN. MOST REQUIREMENTS FILLED. By Telegraph—Press Assn. —Copyright. ' •” London, July 19. At the wool sales 9320 bales were offered, including 4341 New Zealand, and about 4092 were sold. The demand is Slackening, and there are signs that buyers have, filled the bulk of their requirements. Withdrawals were more numerous and the trend of prices was easier- ' New Zealand prices: Greasy half-bred, Ivy Villa, top, 134 d; greasy crossbred Sm —R2, 12Jd. DAIRY PRODUCE MARKET. Joseph Nathan and Co. Ltd. yesterday received the following cable dated July. 20, from Trengrouse and Nathan Ltd., London: Butter, 795; cheese, white, 48s 6d; coloured, 51s; both markets firm.