COMMERCIAL.

Timaru Herald, Volume CXXXIV, Issue 18847, 9 April 1931, Page 2

COMMERCIAL.

ADDINGTON MARKET. ADVANCE IN FAT LAMBS. By Telegraph—Presß Association CHRISTCHURCH, April 8. A feature of the weekly market at Addington to-day was an advance in values in fat lambs and fat sheep. The export schedules in each of these sections has been advanced this week, for lambs d to id, all classes, and mutton by id all classes. The market in each case was very buoyant, and in the lamb section 5d per lb was being paid. Wether mutton reached 23d per lb, and ewe mutton 13d per lb. Store Sheep.—There was a small entry, and generally the yarding was unattractive. Values were: Extra good 4 and 6-tooth Romney Cross ewes to 18 9. good 16/-, 17/6, ordinary to 13/-, good two-tooth Romney Cross ewes to 17/-, ordinary to 14/9, good 6 and 8- | tooth Romney Cross ewes 6/6 to 7/3, good crossbred ewes 8/- to 11/-, good I two-tooth half bred ewes 13/7 to 14/7, ordinary 9/6 to 11 10. ordinary 4 and 6-tooth halfbred ewes, 10/- to 14/-, ordinary 6 and 8-tooth halfbred ewes 6/to 8/-, s.m. halfbred ewes 3/6 to 5/-, ordinary 2-tooth three quarterbred ewes 10/6 to 12/-, good s.m. threequarterbred ewes 6/- to 7/6, extra good two-tooth Corriedale ewes to 16/1. good four and six-tooth halfbred wethers 11/- to 12/5, plain two-tooth halfbred wethers to 7/9. Store Lambs.—There was a small entry, and values were firmer by 1 - a head, in sympathy with the advance in fat lamb values. Values were:—Good rape lambs, 11/- to 12/-. ordinary rape lambs 7/6 to 10/-, plain lambs 5/- to 6 6, good ewe lambs to 12/-, ordinary ewe lambs to 9/-. Fat Lambs.—There was an entry of 3600 head. The quality was better than usual, and there was a general advance of 1/- to 1/6 per head. Values were:—Extra prime lambs 18/7, prime 15/9 to 17/-, medium 14/6 to 15/6, light 12/- to 14/-, store lambs 10/- to 11/9. Fat Sheep.—The entry comprised 5200 head. Ewes advanced by 1/- up to 2/- per head,, and wethers by 1/per head. Values were:—Extra prime heavy wethers to 19/10, prime heavy 14/6 to 16/9, medium 12/9 to 14/-, second quality 10/- to 12/3. light 8/to 9 6. extra prime ewes to 13/7, prime j 10/6 to 12/-, medium 8/6 to 10/3, light j 6/9/ to 8/3, aged 4/6 to 6/6. i Fat Cattle.—There was an easing in ' values in general for the best cattle. It amounted 10/- to £1 per head, and for secondary and plain sorts the drop was a full £1 per head. Choice beef made from 31/- to 34/6 per lOOlbs. Good medium weight beef realised 26/- to 31/-, plain heavy beef 23/- to 27/-, cow beef 21/- to 25/-, secondary beef 17 - to 20/-, and rough down to 14/-. Values were:—Extra prime heavy steers to £l7/7/6, prime heavy £l2 to £ls, prime medium weight £B/10/- to £ll/10/-, medium quality £6 to £B, light to £5/10/-, extra prime heifers to £ll/2/6, prime £7/15/- to £lO/5/-, medium £5/10/- to £7/10/-, light to £5, extra prime cows to £ll/17/6, prime £7/5/- to £9/15/-, medium £4/15/- to £7, light to £4/5/-. BURNSIDE SALE. CONSIDERABLE ADVANCE IN FAT SHEEP. By TeTe*rap7i—Press Association DUNEDIN, April 8. There was a considerable advance in prices for fat sheep at Burnside to-day. There was a small yarding, comprising for the greater part ewes of medium quality, which sold at from 7/6 to 11/6. Only a small percentage of heavy wetfeers w r as penned. Competition was keen throughout all classes, firming to the extent of 1/6 to 2/- above late rates. Prime wethers sold at from 15/6 to 17/6, medium 13/- to 15/6, and light from 10/- to 13/-. The opening values for fat cattle were equal to those of last week, but as the sale went on, prices receded to 10/- and 15/- below the initial rates. The entry reached only 165. Prime bullocks sold at £l4 to £ls/7/6, medium £ll/10/- to £l4, and light £7/10/- to £ll/10/-. There was good demand by exporters and butchers for fat lambs, the entry totalling 1200. Prices were fully 1/above late rates, prime lambs going at 15/- to 15/6, medium 12/- to 15/- and light 9/6 to 12/-. Store cattle included a line of goodconditioned well-bred three-year-old steers, which brought £B/17/6. Cows suitable to butchers’ requirements realised up to £7/10/-. The entry of dairy cows realised prices on a par with late rates. In consequence of a small yarding in the fat pig section, there was keen demand at prices showing an advance of 5/- on recent sales, heavy baconers selling at up to £4/16/-. There was a large yarding of store pigs, good suckers selling at up to 25/and inferior sorts at from 8/- to 12/-

‘ GRAIN AND PRODUCE. SOUTH CANTERBURY MARKETS A QUIET PERIODAs is usual at this period of the year, there is not much moving in the local grain and produce markets, but it is expected that business will improve during the coming week. Wheat prices remain about the same as last week, 5/5 delivered for Tuscan, 5/7 for Hunters, 5/9 delivered for Velvet. There are fair quantities of Pool wheat coming forward for April delivery, and the demand is quite keen for wheat of good milling quality. Fowl wheat is now worth 4/101 to 4/11 f.o.b. Christchurch is quoting a little under these values, as supplies there are fairly heavy. B Garton oats are Inquired for at 2/2 on trucks, the price for A’s being a penny more on trucks. Supplies of Algerians have slackened, and are now worth 2/4 to 2/5 on trucks. Good dark Duns are quoted at 2/8 to 2/9 on trucks, with no inquiry for lighter grades. Chaff prices are the same as last week at £2 17s 6d on trucks, the demand being poor. Supplies have been on hand from Blenheim, freight charges being a big factor towards a cheaper market. Peas are worth 4/- on trucks. There is not such a large quantity offering this year as last, but prices are about the same. Very little interest has been shown in potatoes during the last two or three weeks. The present price for April-May-June delivery is £4 ss, with July-Septembers at £4 10s.

A few lines of linseed are now coming on the market, and the quality is very good. The majority of crops are grown under contract, the price being in the vicinity of £l4 10s on trucks. Cape barley is nominally worth 7/6 on trucks, Chevalier barley being quoted at 3/- to 3/6 on trucks. A few lines of ryegrass have changed hands at 4/5 to 4/6 f.o.b There is good demand for Italian and Western Wolths at 3/9 f.o.b. . - . „ White clover is quoted at 96. an trucks for good bright farmers lines Very little cowgrass is offering, no quotation being fixed at present.

LONDON MARKETS. The Department of Agriculture has received the following cablegram, dated 2nd instant, from the High Commissioner for New Zealand, London: — Tallow.—Market quiet on spot, and not much interest shown for shipment. Spot quotations nominally unchanged. Hemp.—Manila market steady. “K” grade for April/June shipment sold £l9. Sisal: Market firmer, and No. 1 fair average quality for April-June shipment sold £l7. New Zealand: Market dull, and quotations nominally unchanged on the basis of Highpoints, April-June shipment, £2O. No first hand sales reported. Wool.—Sales closed on T uesday. The marked improvement noted at opening well maintained. demand improving as sales progressed. Competition remained strong and bulk of offerings sold. Home trade was principal operator, but all other sections well supported. Compared closing rates last series, merino super 10 per cent., medium 15 per cent, to 20 per cent., superior 20 per cent, to 25 per cent.; crossbred, fine 20 per cent, to 25 per ».ent., medium and coarse 25 per cent, to 30 per cent, higher. Slipe met with increased demand, and improved 20 per cent, to 30 per cent. Average closing values were:—64's super 1/- to 1/1, average, 9£d to 10£d; 56/58’s, lOid to 1/-; 50/56’s. 9*d to lOid; 4G/50’s, 36d to 9id; 36/44’s, 7id to B£d. 151.500 bales were sold during the series. Home trade taking 80.000, Continent 70,500 and America 1.000. 59.000 bales held over for next scries, including 55.000 not offered. Next series commence 28th April. STUDHOLME STOCK SALE. LARGE YARDING. At the Studholme sale, which was held yesterday, about 11,000 store sheep were yarded, and met with a ready sale. Especially was this the case with young ewes, 280 extra well-grown Romneys making 22/9. Other sheep of the same breed made from 17 9 to 22/6. Small half-bred two-tooth ewes made from 12/- to 14-4, and others better bred and in good condition to 16/6. Sound-mouthed crossbred ewes made from 8/- to 11/-, according to condition. Wethers were in demand, but few were offering, some small half-bred two-tooths making 7/9. Lambs were keenly sought after, but once again the buyers did not have a great choice. A fairly good line of mixed-sexes made 10A-. Other sales were: Wether lambs. 5/- to 9/4; medium ewe lambs, 10/-. Not many fat lambs were yarded, but what were offered met with a good sale at the improved prices of 12/10 to 14/-. Fat ewes made from 3/- to 6/-, and wethers up to 15/-. The fat cattle entry was small, a fat heifer bringing £8 15s, and some fat steers were sold at £8 15s. Taking into consideration the dry spell in the Waimate district, the sale was a very good one, and with the improved prices for wool and lambs, farmers are showing more confidence than they have done at late sales.