LIVESTOCK MARKETS

Taranaki Daily News, 15 March 1935, Page 14

LIVESTOCK MARKETS

COMPETITION NOT KEEN LARGE OFFERINGS AT BURNSIDE. SHEEP SELL STEADILY. Dunedin, March IS. There was a large entry in the fat cattle section and a medium yarding of fat sheep to-day at Burnside. The fat cattle numbered 354 head, resulting in over-supply and a consequent easing in prices. Competition was not very keen at any stage except for an odd pen of good cattle. The market opened with prices showing a general fall, and passings at the start of the sale were fairly frequent. The market closed with good prime beef down 10s per head, and ordinary unfinished beef down by 15s to 20s per head. Extra prime heavy bullocks sold to £ll 7s 6d; prime heavy, £8 12s 6d to £9 12s 6d; medium, £6 17s 6d to £7 17s 6d; lighter sorts, £5 to £6 7s 6d. Prime cows and heifers, £5 2s 6d to £7 2s 6d; medium, £3 12s 6d to £4 7s 6d. , There were 227 head of store cattle forward. Three and four-year-old steers in good condition made £4 17s. Vealers sold at slightly lower rates than last week. The entry of 44 dairy cows included a few good quality, and up to £6 was realised for young cows close to profit. A medium entry of 1700 fat sheep was composed chiefly of ewes. The bulk of the ewes were of good quality, and the sale was steady throughout, prices showing little variation on last week’s. A small entry of wethers also met a firm sale. Prime heavy wethers sold at 28s; medium weights, 22s to 245; lighter sorts, 18s to 20s. Prime ewes sold to 20s 6d; prime medium weights, 15s to 17s; and lighter sorts, 12s to 14s. The fat lamb entry numbered 1130, chiefly of medium quality. Exporters operated freely at full schedule rates, and secured the bulk of the yarding. Extra prime heavy butchers’ lambs made to 275, good freezing lambs, 20s to 235; light and unfinished, 16s to 18s. A small yarding of 82 fat pigs had a good sale, baconers making up to £4 15s, and porkers from £2 to £2 15s. A small yarding of 51 store pigs met a good market, best making up to 18s, and suckers from 9s to 13s. STORTFORD LODGE PRICES MODERATE HASTINGS ENTRIES. IMPROVED DEMAND. Hastings, March 13. With a moderate entry of 232 fat cattle values improved up to 10s a head on cows and heifers at to-day’s sale at Stortford Lodge, when the demand was well maintained at the improved levels. The quality of the entry was very mixed, with few prime cattle offering and a fair proportion of medium finished cattle. Bullocks were few and of poor quality. The entry of 302 store cattle sold steadily at late rates, there being increased activity. A moderate entry of fat sheep met steady competition, with ewes improving by Is to Is 6d a head, while wethers and lambs sold steadily at late rates, there being more export competition. The 15,000 store sheep offered realised good prices for lambs and store ewes, but breeding ewes were variable according to quality. Wethers were in increased supply and were sticky, there being a number of passings. Fat cattle: Bullocks to £7 15s; cows, medium to prime, £5 5s to £6 10s; others, from £3 2s 6d; heifers, medium to prime, £5 10s to £6 ss; others, from £4. Store cattle: Bullocks to £6 10s; steers to £3 19s; cows to £3 Is. Fat sheep: Ewes, medium to prime, 18s to 22? 6d; others from 13s; wethers, medium to prime to 235; lambs to 24s 6d. Store sheep: two-tooth ewes to 295; four and six-tooth to 265; five-year to 18s 6d; store and fattening to 12s 6d; wethers to 22s 6d; lambs to 15s 6d. JOHNSONVILLE SALE LARGE SHEEP SECTION. EEEF AND VEALERS FIRM. ' Wellington, March 13. An average yarding of cattle and a large offering of sheep and lambs were forward at the Johnsonville stock sale held yesterday by Wright, Stephenson and Co. Ltd. and Abraham and Williams Ltd. Bullocks, after opening quietly, met a keen demand at unaltered rates. Quality cows and heifers were firm, with unfinishing sorts slightly easier. There was a small yarding of runners and vealers, which met with a keen sale. The yarding of wethers was of better quality. Prime heavy weights and wellfinished medium weights sold well at late rates. Plain and unfinished were not wanted. The quality of the ewes yarded was not up to the usual standard, consequently prices declined a shilling per head for heavy weights and a shilling to one and sixpence for light and unfinished. There was a large yarding of lambs of indifferent quality, only well-finished

lambs being wanted by butchers. Plain sorts were unsaleable. Cattle: Prime extra heavy bullocks, £9 12s; single, £9 Ss; single, £9 ss, £9, £8 18s; prime heavy bullocks, £8 12s, £8 Bs, £8 ss, £8 3s, £8; heavy bullocks, £7 15s, £7 12s, £7 6s, £7; prime heavy cows and heifers, £5; single, £4 16; single, £4 12s, £4 10s, £4 ss; cows and heifers, £3 10s, £3 Bs, £2 16s, £2 10s; runners, £3 2s, £3, £2 15s, £2 10s, £2 ss; vealers, £2, £1 17s, £1 12s, £1 10s, 15s. Sheep: Prime extra heavy wethers, 27s 3d, 275, 26s 6d; prime heavy wethers, 25s Bd, 25s 6d, 24s 9d; medium wethers, 24s Id; maiden ewes, 23s 3d, 22s 3d, 225, 21s 7d; prime extra heavy ewes, 20s 6d; small pen,' 19s sd, 19s, 18s 6d, 18s 3d; prime heavy ewes, 17s 6d, 17s 3d; medium ewes, 15s 7d, 15s 3d, 14s. Heavy lambs, 20s 6d (small pen), 19s 6d, 19s 3d, 19s Id; medium lambs, 18s 7d, 18s 3d, 17s 6d; light lambs, 16s, 15s 6d. HIDES AND SHEEPSKINS SALE AT NEW PLYMOUTH. L. A. Nolan and Co. report as follows on the firm’s four-weekly sale at New Plymouth of hides, sheepskins and wool held on Wednesday:— The submitted catalogue comprised 921 hides, 83 yearlings, 33 calf, 1996 salted and 2232 dry sheepskins and approximately 20 bales of wool, 11 drums and casks of tallow, horse hair, etc. A full bench of buyers was present and competition was specially keen throughout the sale. Prices were on a par with those at the last sale for sheepskins and wool. Hides showed a drop of from l-8d to id in some cases. Very few ox hides were offered. Quotations were:— Hides: Ox, extra heavy 5 3-Bd, heavy 5 3-Bd, extra light 4d; cow, extra heavy sjd, heavy 5d to 5Jd, medium 4* to 5 l-Bd, light 4 l-8d to 4 7-Bd, extra light 4Jd to 4 5-Bd, cut 3 3-8 d to 3?d, cut and slipy 2id to 2Jd; yearling, extra heavy 4 l-Bd, heavy 6{d, medium 4 7-8 d to sjd, light 5d to 5 7-Bd, extra light 54 d to 6d, cut 4-}d to 54d, slipy 3fd; calf, heavy Bd, medium Bd, light '7id, extra light 6d, cut 5d to 6d, slipy 5d to 6d, slipy sd, cut and slipy 4d; bulls, heavy 2jd to 2 5-Bd, cut 2d, slipy 1 3-8 d; horses, cut 4s each. Sheepskins (salted): Pelts, Is to Is 9d each, sweated 9d to Is 3d, damaged 6d to 9d, seedy Is to Is sd; quarter-wools, Is 9d to 2s 9d, sweated Is to Is 4d, damaged Is 2d to Is 4d, seedy Is 8d to 2s 4d; lambs, Is to Is 6d, seedy 6d to 8d; hoggets, Is 6d to 2s, damaged 6d to Is, seedy 6d to 9d; black, Is Id to Is 7d. Sheepskins (dry): Pelts, 2id to 3d per lb, damaged id to lid, seedy 2d; quarter wools, 3d to 4Jd, damaged Id to IJd, seedy Id to IJd; lambs, sid to 6d, damaged 4d to 4td, seedy 3d to 4!d; hoggets, 2Jd to 5-Jd, damaged 2d to 4d, seedy 3d to 3Jd; three-quarter wools, 4{d to 5Jd, damaged 2d to 3id. , Wool: Fleece, Southdown 6Jd to 7d, fine crossbred 6d to 6id, medium ?id to 5; coarse, 3Jd to 4Jd; cotts, 3d to 31d; seedy, 2d to 3Jd; dead, 3id; black, broken, 3Jd; hoggets, 34d to 4Jd; lamb, 4d to SW; seedy, 2id; pieces, 3Jd; seedy, 2d; pieces, 3id; seedy 2d; bellies and pieces, 2Jd to 3d. Tallow: Drums and casks, 19s to 245; tins, 18s pet cwt. Horsehair: Tail, 15Ad; cowhair, 4d per lb. HEAVY BEEF YARDING COMPETITION VERY STEADY. SHEEP SLIGHTLY EASIER. Auckland, March 13. There was again a large yarding of beef at Westfield to-day, the number penned being about 800 head. Ox beef was not plentiful, but the quality was good and competition was again very steady, with recent values fully sustained. The cow and heifer pens were well filled, the standard showing an improvement on recent yardings. Late rates ruled. Extra choice ox beef made 25s for 1001 b; choice and prime, 21s to 245; secondary and plain, 16s to 20s; prime young cow and heifer beef, 20s to 245; other cow beef, 12s to 19s. Extra heavy prime steers made £lO to £lO 15s; heavy prime, £8 15s to £9 17s 6d; lighter prime, £7 10s to £8 15s; light prime, £6 5s to £7 12s 6d; small and unfinished, £5 ’to £6 ss. Extra heavy prime young coWs and heifers, £7 to £8 10s; heavy prime, £5 10s to £6 15s; lighter prime, £4 2s 6d to £5 7s 6d; other killable cows, £1 5s to £4. Calves were in full supply, there again being good quality vealers. The demand was strong at the beginning of the sale, but eased off considerably toward the end, though well-done sorts continued to sell well. Runners, 30s to 695; vealers, 20s to 58s. The yarding of sheep was the largest for some time and included some nice mutton. The increased yarding caused an easing of demand, and price levels did not reach those of last week. A small lot of extra choice two-tooth ewes made up to 26s 6d. Lambs were penned in average numbers and sold readily at late rates. Wethers, prime, 22s 6d to 31s; unfinished, 18s to 22s 3d; ewes, prime, 17s to 24s 9d; unfinished, 7s 6d to 16s 6d; ewes, prime, 16s to 26s 3d; unfinished, 5s 6d to 15s. Fat pigs of good average quality came forward in larger numbers. Generally the demand for both baconers and porkers remained unchanged. Stores, which were much more plentiful, realised recent values with a tendency to easier prices. Choppers, 30s to 545; baconers, 50s to 755; porkers, 34s to 48s; large stores, 19s to 255; price per lb for baconers, s<d to 51d; and for porkers,-54d to sfd. ADDINGTON PRICES 15,000 LAMBS ON OFFER. FAT CATTLE WELL SUPPLIED. ) Christchurch, March 13. Entries generally were larger at today’s Addington market, and in most sections there was a slight easing. Store lambs: A heavy penning of about 15,000, principally backward lambs from stations. Recent values were about maintained. Rape lambs sold from 13s to 15s 7d; ordinary wether, 9s to 12s; ordinary ewe, 15s to 16s 3d. Store ewes: Another heavy entry included Chatham Islands and Nelson sheep. Good ewes maintained recent rates, but ordinai-y and inferior sorts were easier. Extra good Romney twotooths made to 31s 9d; best half-bred to 28s 6d; extra good s.m., 21s to 22s 3d; good s.m., 17s to 17s 9d; medium, 15s 6d to 16s 3d; inferior, Us to 12s 6d. Fat lambs: A smaller entry of 2500 had a weaker sale, schedule rates not being maintained for Tighter sorts. Best sold to 29s Id; prime heavy, 22s 6d to 255; others, 18s to 225. Fat sheep: 4250 were penned. The sale was a dragging one, wethers being down by a shilling a head and eweS by Is to Is 6d. Best wethers made 25s to 27s Id; prime, 22s to 245; medium, 19s to 21s 6d; light, 14s to 17s 6d; best ewes to 23s Id; prime, 19s to 21s; prime, medium weights, 15s to 18s 6d; others, 9s to 14s 6d. Fat cattle: 485 head were penned and there was an average drop in prices of 10s a head. Extra good steer beef made to 26s per 1001 b; good, 22s to 245; heavy, 19s to 21s Id; and secondary, from 16s to 18s, Extra prime heavy steers sold to £ll 12s 6d; prime heavy, £9 to £lO ss;

medium weight, prime, £8 5s to £9 10s; ordinary, £4 5s to £7 ss; extra prime heifers, to £8 12s 6d; prime, £5 to £6 10s; medium, £3 10s to £4 15s; light, £3. Extra prime cows, to £7 12s 6d; prime, £4 10s to £6 ss; ordinary, £2 15s to £4 ss; light and aged cows, 30s to £2 10s. Fat pigs: A good entry in the fat pig section. Baconers were firm at late rates, but porkers were lightly easier. Choppers, £2 to £4 18s 6d; baconers, 47s 6d to 54s 6d; heavy baconers, 57s 6d to £3 6s 6d; extra heavy baconers, £3 8s 6d to £3 12s 6d; average price per lb, 5Jd to 6d. Porkers, 30s to 34s 6d; heavy porkers, 36s 6d to 43s 6d; average price per lb, 6d to old. RESERVE BANK RETURNS. ASSETS AND LIABILITIES. By Telegraph—Press Association. Wellington, Last Night. A Gazette issued to-night contains a statement of the assets and liabilities of the Reserve Bank as at the close of business on March 11. A comparison with March 4 is:— March 4. March 11. £ £

Proportion of reserve (No. 8 less No. 6) to notes and other demand liabilities, 97.29 per cent. WOOL SALE AT TIMARU OFFICIAL RANGE OF PRICES. By Telegraph—Press Association. Timaru, March 14. The official range of prices at the Timaru sale yesterday was: — Merino: Extra super to 13%d; super, LOd to 12%d; medium, 8d to 9d; inferior, 6%d to 7V 2 d. Fine halfbred, 56-58: Super, liy>d to W/zd; medium, 9%d to 10%d; inferior, 5%d to B’/ 2 d. Medium halfbred, 50/56: Super, 9d to lOVad; medium, to B%d; inferior, 6%d to 7y 4 d. Three-quarterbred, 48/50: Super, 8d to 9d; medium, 6y 4 d to 7%d; inferior, 5%d to 6y 2 d. Medium crossbred, 46/48: Super, 6%d to 7%d; medium, 5%d to inferior, 4%d to Coarse crossbred, 40/44: Super, 5%d to 6}4d; medium, 4y 4 d to sd. Hoggets, 56/58, 9y 4 d to 10%d; 50/56, 8d to B%d; 48/50, 7%d to 8y 2 d; 46/48, 5d to 7d; 40/44, 4y 4 d to 5%d. Necks: Merino, 8d to lOyid; halfbred, 9d to lOd; three-quarterbred, 6d to 6%d.

Pieces: Merino, 7%d to B%d; halfbred, good to super 8d to 9%d, low to medium 4%d to 7d; three-quarterbred, 4d to 6%d; crossbred, 3%d to 5%d!. Bellies: Merino, to 6%d; halfbred, good to super to 8y 2 d, low to medium 5d to 6d; three-quarterbred, to 6d; crossbred, 3y 4 d to 4y 4 d. Crutchings: Fine, 314 d to 6%d; strong, 3d to 4d. LONDON WOOL SALE OPENING. ULTRA-NERVOUS CONDITIONS. By Telegraph—Press Assn.—Copyright London, March 13. Dawson’s report on the opening of the London wool sales said: “The Yorkshire trade was generally sensitive, ultra-nerv-ous conditions prevailing in most commodity and financial circles. The cotton. slump does not improve the wool chances. The Japanese have reduced operations; nevertheless strong and hopeful factors may be effective in the near future. The pressing need is greater outside support. It is hoped that Russia will , return to the market at an early date.”

At the sale 8012 bales were offered, including 3416 from New Zealand and 4384 from Australia, and approximately 6625 New Zealand and Australian were sold. There was a good clearance on the home and Continental account. The opening levels were maintained. New Zealand greasy crossbred, The Cliffs, top price 10%d, average 7 7-Bd.

Liabilities. 1. Capital .... 500,000 500,000 2. General reserve 1,000,000 1,000,000 3. Bank notes . .. 9,181,120 9,184,042 . Demand! liabilities— (a) State .. 11,110,813 12,325,998 (b) Banks .. 5,256,321 4,648,347 (c) Other 4,209 7,480 7. Other liabilities 46,251 50,281 Totals ..£27,098,714 £27,716,148 Assets. 8 Reserve — (a) Gold .. .. 3,001,731 3,001,731 (b) Sterling exchange . 21,810,210 22,454,688 9. Sub. coin .. 183,531 179,074 12. Investments .. 2,046,971 2,057,539 14. Other assets 56,270 23,117 Total ..£27,098,714 £27,716,148