FARM, COMMERCE AND FINANCE

Timaru Herald, Volume XCVIII, Issue 18063, 8 March 1923, Page 5

FARM, COMMERCE AND FINANCE

Market Reports and News

fia' ■ ml»i*b , bFiVi L*T» i |i~i s ■ ' i liVii V • —• "5 iH .'-jrwi - STUCK. EXCHANGE. By Toleiirapli—Prfss Association. A UCK.LAND, Wednesday. Snles on ’C linngo—Soldiers’ InseriDed, 100 J ; A nek In ud Harbour sixes, 10b; City Auckland 5J per cent., 9/1; Bank of .Now South Wales, 37i; batik of New Zealand, 575; Union bank £l3 lbs 6d; Milne-Choyco (b prol'.), “4s; Newton King, 12s Gd; Wuihi, 28s, 27s 6d, 28s. isy TteiA^rnpli—Teresa Association. _ DUNEDIN, Wednesday. Sales on ’Change—Canterbury Aleat, £ls; 41 per cent. Bonds, 1938, £97; New Zealand Refrigerating (cent.), 14s (t'wo). Sales reported—Union Bank, £l3 18s 9d; National Mortgage, 77s 6d. NEW ZEALAND DRUG COMPANY. By Telegraph—Brass Association. DUNEDIN, Wednesday. At a meeting of directors of Kemp* th'orne, Prosser and Co.’s New Zealand Drug Company to-day a dividend ot 4 per cent, ana a bonus of 1 per cent., making 9 per cent, for the year, was recommended.

WOOL. DUNEDIN SALE. By Telegraph—Ptprr Association. DUNEDIN, Wednesday. There is a total of 21,334 bales for the third wool sale on Friday. The N. M. and A. C. report haying received the following cable from tlieir London office in reference to the wool sales which aro at present proceeding:— “The auctions opened here to-day with largo attendance of buyers. Compared with closing rates of last sales, we nuotc —Greasy merino host, unchanged; average, 3s 4d; lialfbrcds, 50 to 06 s-, unchanged; crossbreds, 48 to 50’s, Id lower; 46 to 48’s, Id lower; 44 to 46 s, 3d lower; 40 to 44’s, id lower; 36 to 40’s, Id lower.

LIVE STOCK SALES, ADDINGTON. By Telccrayh—Brass Association. CHRIBrCIi U RCH, W ednesday. At mo Addington marker tliere were heavy yardings to-day m practically all classes of stock. -Laist week's prices generally were maintained. Store sheep.—Tliere was a yarding of about 29,000, including lines from' Marlborougn, Nelson, and the Chathams, some cany-over sheep irom the North Island, the West Coast, and the south. Good ewes sold .somewhat better than last week, but the older sorts were unchanged. Sales of .th<) latter were difficult to make in the final stages. Extra good 2-tooth liaiN bred ewes brought 4ys ; extra good .2tooth 3-bred ewes 295; good 2,4, 6, and 8-tooth ewes 33s to 375; ordinary 25s 6d to 295; good two and crossbred ewes 30s to 33s 6d, 24s to 26s 6d; good failing mouthed ewes 24s 9d to 30s, ordinary 20s to 245, aged 15s to 18s 9d; good 4,6, and 8* tooth wethers 27s to 28s 6d; good forward lambs 24s 9d to-265, ordinary 20s to 245, inferior 17s to 19s 6d, cull 14s 6d to 16s 6d; good threequarterbred ewe lambs 27s lOd; good halfbred 28s 6d. Fat lambs:—A total of 4,620 was penned. There was a good sale at from lOd to IOJd per lb. Light lambs wore a shade easier. Extra prime lambs realised'33s 6d to 365. A few special 3Ss Id; prime 30s to 335, medium 27s to 29s 9d, light and unfinished 24s 6d to 26s 9d. Fat sheep.—A slightly larger yarding, hub prices werepractically unchanged. Exporters operated freely at 6Jd for wethers, and up to 5d for ewes. Extra prime wethers sold at 34s 6d to 375, special 40s; prime 30s 9d to 345. medium 28s 6d to 30s 6d, light 26s to 28s 3d. Extra prime ewes brought 325, prime 27s to 29s 9d, medium 23s 6d to 26s 6d, light 20s 9d to 23s 3d, old 18s Gd to 20s. Fat cattle.—A big yarding of 490 head of prime beef met a. good demand, making from 29s 6d to 32s 6d per 100 lb. Light beef and cows were slow of sale at 22s 6d to 275. Extra prime steers realised £l4 15s to—£l6 7s 6d. prime £ll los to £l4 10s. medium £9 10s to £ll 12s 6d. light £7 10s to £9 sd. Extra prime heifers £ll 2s 6d. prime £7 10s to £9 los, light £4 10s to £7. Extra prime cows sold at £lO 17s

Cd, prime £6 15s to £9, medium £4 His to £6 10s. , Yealers.—Good calves met keen competition at improved prices. Good runnel's sold to £6 ss, ordinary vcaleis £3 10s to £1 15s, small calves 8s upwards. . . , Store cattle.— Competition was not so keen for backward sorts. I hreevear steers brouglit £6 15 s 1:0 —' two-vear £4 to £4 12s 6d, and yea, lings £1 15s to £2, two-year heifers were quitted at £2 los to £3 os. ycallings £1 10s to £2. Fresh cows sold at £1 los to £2. . . , Fat pigs.—There was a good demand and prices showed an improvemen especially for pork. Choppers £ f Hs to £5 ; light baconers £3 los to -4 or., heavv £4 Ss to £4 los, extra heavy a. 4 19s 6(1. Average price per lb. 6*cl, bi«. Light porkers brought £«■ Ss to 14.8, heavv £2 18s to £3.. Average price per lb. 8d to 9d. . , Store pigs—A ’keen demand with, improved prices. Moaners sold to 225; small stores 22s to 275; medium 30s to 41s, large 43s to oOs; extia good large 575.

GERALDINE. ■At the Geraldine live stock sale yesterday there was a. big yarding > sheep, and good prices were i in •- ■ The following sales wore made unilei the hammer: — 01 , oj Fat ewes. —24 at -is, 30 at —s> • , 39 at 21s 2d. 68 at 29s 9b at. -0*» 3d t 10 at 225. 32 at 23s 11(1, 33 at -3s, 7 „+ 09« 9d 7 at 84s, 286 at 30s Id. 31 at 26s 3d’ 48 at 26s 9d. 40 at 33s 4d, 53 at 33s 4d, 5S at 12s 3d, 31 at -b-, 33 at 36s 3d, 296 at iCs, 140 at 16s , d 83 at 30s, 44 at 30s 103 at 16s 3o at 30s Sd. 35 at 30s, 11 at 21s 9d, 8 at 23s Id, 23 at 235. , „ . OQ . Fat lambs. —18 at 31s 4(1, )-- n -t -'5 > lOd. 31 at 30s- lid, H at 29s Id 81 at 31s Id, 7,6 at 32s 7(1. 42 at 32s lid, 61 at 29s 6d. 55 at 80s, M at 31s 3d, 64 at 30s, 17 at 31s Bd, 92 at 31s 2d. 20 at 31s lOd. 130 at 31s 10d, 41 at 31. s Gd, 40 at. 31s 3d. 32 at 33s 2d 44 at -80 s lOd. 106 at 30s Sd, 31 at 32s 7d, 57 at 33s 7d, 33 at 30s 3d, ol at 31s 4d, 80 at 34s 7d, 59 aE Sis 10d, 86 at 59s lid, 1.12 at 30s 2d, 68 at 33s 2d, 100 at 20s 2d. 131 at 20s Id. Fat wethers. —2 at 31s 6d. 34 at 32s 7d. 13 at 29s 7d, 9 at 34s 6d, 9 at 28s Two-tooth ewes—l4o at 34s 9d, 55 at 30s 2d, 192 full-mouth ewes at 20s 6d. _ -Store lambs. — 26 at 245, 59 at 2<s lOd, 40 at 13s 3d. 42 at 22s 7d, 71 at 16s. 426 at 6s, 103 at 24s lOd, 54 at 14s 9d. Pigs sold from 12s to 265.

MACKENZIE MERINOS. On March 2 Pyne, Gould, Guinness, Ltd., report having held a very successful auction sale of surplus Mackenzie merino- sheep. The Pukaki sale was held in the yards of Mr J. W. Preston, Rhoborougli Downs, and commenced at 9 'a.m. There was a largo attendance of representative buyers from all parts of the Soiitln Island, and stock was subsequently subjected to keen competition. The auctioneers report having sold — Account Mr J. W. Preston —358 sixtooth halfbred ewes,. 335; 136 f. and f.m. hall’brtd ewes, 14s 8d; 92 two and tour-tooth halfbred ewes, 30s 6d; 447 f. and f.m. halfbred ewes, 8s 2d. Account Air A. G. Valentine, Glcnfield Station —294 six and eight-tooth, halfbred wethers, 30s 2d; 604 f. and f.m. merino wethers, 12s. Account Messrs Hughes and Nixon, Pukaki —-338 four and five-year-old halfbred ewes, 14s 7d; 90 six and eighttooth halfbred wethers, 24s 6d. Account Messrs Scott Bros., Ben Dim—l9B four and five-year-old halfbred ewes, 20s; 78 six and eight-tooth half bred wethers, 23s 9(1; 359 four and five-year-old halfbred ewes, 225. Account Glenlycn, Ltd. — 85 four, six and eight-tooth halfbred ewes, 2-js; 389f. and f.m. merino ewes, 9s Id; 60 f. and f.m. merino wethers, 4s 6d; 169 f. and f.m. merino wctliers, 10s 9cl. Account Airs John Mathcson, Simon’s Pass —25 two, three and four-shear halfbred rams, IJ gns. Account Air J. Campbell —129 s.m. halfbred ewes, 27s 6d. At 1 p.m. the sale was continued at Tekapo in the yards kindly loaned by Mr Walter Black, and there was even a.,greater attendance of buyers. Competition continued to- be keen, and on account of Air V. LeCren, Tekapo Station, the firm sold 680 merino and comeback lambs at 16s 7d, and account Air George Murray, Bracmar Station, 400 four and six-tooth wethers at 28s 4d. Several other lots of sheep were sold, and satisfactory prices were realised.