THE SHAREMARKETS

Wanganui Chronicle, Volume 77, Issue 23, 27 January 1934, Page 14

THE SHAREMARKETS

DOMINION EXCHANGES. [ Per Press Association. 1 WELLINGTON, Jan. 26. Sales on ’Change.—Rural Advances Bond, £9B 10s (late Thursday); Stock, 34 per cent., 1938-52, £lOl 2s 6d; Stock, 4 per cent., 1940, £lOl (late Thursday); Br.nk of New Zealand, 48s; Timaru Gas, 21s; Mount Lyell, 25s 3d (3), 25s 44d, 25s 6d, 25s 74d, 25s 9d; Waihi, 30s (2).

changed hands. Other smaller lots have beein sold at prices ranging from 15s to 19s 3d, depending on size and quality. W.F. wether lambs, well grown and in good condition, arc selling well, but there has been a slight casing in this section, fatteners preferring to buy the Southdown lambs when offering. Good w.f. wether lambs in the wool have been sold at 15s, and shorn from 12s 6d to 14s 6d, depending of course on size and condition. Little change is reported in cither the fat sheep or cattle markets. Both markets are steady, the fat sheep section showing a hardening tendency. Butchers’ requirements have to be filled at 14s to 15s for good fat ewes and 23s to 24s for wethers. Sales of fat cattle include:—Fat bullocks £6 to £6 12s 6d, cows £1 to £4 15s, good heifers £5. An enquiry exists for station cattle, but quotations in Taranaki are negligible, and purchasers do not seem inclined to pay the prices asked for in outside centres. The enquiry is mainly for forward empty cows or heifers, but all classes of cattle would be purchased if quotations were attractive. The works’ price for boners and bulls has increased slightly, and better prices have ruled at all auction sales during the week, to which exceptionally large numbers of cattle have come forward considering the time of year. Prices in the dairy section are nominal with business more-or-less at a standstill. Large entries of pigs have come forward to our sales and during the week prices have hardened slightly on those being paid a fortnight ago. Here again for the time of year more sales than usual are being made. Opunake bale.—To this fixture a big yarding of store cattle came forward for auction. Bidding was keen throughout and a good sale resulted. (Quotations were:—Fat cows £2 6s £2 /s to £2 12s; store cows £1 ss, £1 12s 6d to £1 18s; store bulls, £3, £4, £4 12s to £5 4s; weaner pigs, Bs, 10s 6d to 12s. Kakaramea Wale—We report a capacity yarding of store cattle. A keen sale ensued resulting in a total clearance at satisfactory prices. Eat cows frojii the dairy realised £2 16s, £3 16s to £4 ss; paddock cows, £1 15s. £1 18s, £2 to £2 12s 6d; cows with calves at foot. £1 5s to £1 14s; store cows, £1 4s, £1 10s to £2; store bulls, £3 10s, £3 12s to £5 6s. Manaia Sale.—This fixture drew a opacity yarding of fat and store cattle, every pen being well filled. A large yarding of sheep, consisting mostly of store lambs, was also submitted for auction. A feature of the sale was the big number of good conditioned cattle which came forward. These met ready competition from a large number of buyers. Prices in the sheep section were:—Fat wethers 22s lOd, fat 2-tooth ewes, 18s; b.f. woolly lambs, 14s 6d; w.f. wether lambs, 13s and 13s 7d ; shorn b.f. lambs, Ils 4d. In the cattle section:—Fat cows, £2 10s, £2 17s, £3, £3 10s to £4 Is; paddock cows, £2, £2 Jos to £3; store cows, 30s to £2 2s. A large yarding of bulls met an animated sale, values ranging from £3 ss, £4, £5 8s to £5 17s. A capacity yarding of pigs met a ready market, porkers realising 30s 6d to 32s 6d, stores 10s to 21s; and weaners, 9s to 13s. Hawera Sale.—A record yarding of well over 5000 sheep came forward to this fixture, practically a total clearance being effected at prices wihich must be considered satisfactory. The market held and values recorded were on a par with those of a fortnight ago, excepting in the case of medium wether lambs which cased in price to the extent of about Is on our last sale. However, vendors in most cases were meeting the market and of the total yarding, only 423 were left unsold. Interest centred in the yarding of fat lambs, approximately 750 coming under the hammer, this being the largest number we have ever yarded. A satisfactory sale resulted, the top price being 22s for a small pen on account of Mr. McGuiness. A pen on account of Mr. W. Seed made 21s 3d, Stevenson Estate big draught 19s Bd, a pen on account T. Wilson 19s, a pen on account of the Racing Club 19s, and the Geary Estate lambs 18s 6d. The top price in the store lamb section was recorded for a beautiful line of shorn w.f. wether lambs ex Mr. T. Tarrant at 16s 7d. Really good shorn wether lambs on account of other vendors made from 13s to 14s 9d. In the Soutihdown section Beard Estate topped the market with shorn b.f. lambs at 14s lOd, oth( r vendors from 13s lOd to 14s for good shorn lambs and 14s to 15s 6d for good woolly black faces. Another

large offering of ewe lambs came forward, LDr. Suist topping this section with a particularly nice line of shorn lambs at 17s Bd, another pen at 15s 6d, Mr. A. G. Robertson’s line making 15s 7d and lines on account of other vendors 10s to 16s. The first offering of two-tooth ewes to come forward this season—llB good medium bush sheep being offered and sold at 28s 3d. A few odd two-tooths were yarded and sold at 18s 2d and 19s Id. A small pen of twotooth wethers, small medium sheep made 16s, fat ewes realised 14s 9d, 15s to 15s Id.

An exceptionally heavy yarding of pigs saw prices again showing a hardening tendency, and a good sale resulted.

A medium yarding of store cattle met a ready sale, prices showing a hardening tendency. Bulls also sold welk