FINANCE & COMMERCE

Waimate Daily Advertiser, Volume XXIII, 7 February 1923, Page 2

FINANCE & COMMERCE

THE STOCK MARKETS. BURNSIDE. Per Press Association—Copyright. DUNEDIN, February 6. Owing to the holiday to-morrow (Cup Day) the Burnside weekly stock sale was held to-day. The yardings of fat stock were on the small side, with the result that there was keen competition for most classes, and higher prices were realised for sheep and pigs. Fat Cattle. —The entry was much smaller than was the case the week previously, the yarding totalling 198 head, principally medium to prime bullocks, with the usual yarding of cows and heifers. Prices opened at last week’s rates, but after a race and a bait had been sold the values improved to the extent of 20s per head. Prime ox beef made from 28s 6d to 30s per 1001 b, medium and heavyweights 30t to 31s, light and medium quality 27s 6d to 28s 6d, prime heifer beef 22s 6d, prime cow beef 20s, aged and light cow beef 18s. Prime bullocks sold at £ll to £l4, medium £9 5s to £lO 15s, light and unfinished £6 to £8 10s; primd heifers and cows £6 10s to £B, light and aged £3 10s to £5 ss. Fat Sheep.—There was a small yarding, numbering 1310 head. A number of the pens contained animals only suitable for graziers. The sparse entry caused prices to firm at the outset, but they eased as the sale advanced. On the whole, wethers sold at an advance of 2s 6d per head and ewes slightly more. Prime handy-weight wethers, ranged from 6Jd to 6Jd per lb, prime heavyweights 6d to 6id, medium quality wethers 5Jd to 6d, aged and light 5d to s|d. Extra prime heavyweight wethers realised up to 495, prime 41s to 445, medium 36s to 38s, light and unfinished sorts from 30s to 325. Extra prime heavyweight ewes realised up to 40s 3d, prime 34s to 365, medium* 28s to 30s, light and’aged 21s to 235.

Lambs. —There was a medium yarding, numbering 878 head, compared with 1342 last week. Prices advanced fully Is per head. Extra prime lambs realised up to 40s 3d, prime 31s to 345, medium 29s to 31s, lighter sorts 22s 6d to 255. Prime lamb ranged from IOJd to 10fd, lightweights lOd, medium quality 9Jd to 9?d. Store Cattle. —A large yarding, which included a large line of four, five and six-year-old bullocks from the Morven Hills district. There was good competition for these, and heavyweights sold up to £8 13s and lighter sorts up to £2 10s per head. Other classes of §tores realised late rates. A few pens of half to threequarter fat cows sold from £2 10s to £3 5s per head. Pigs.—For the small entry there was an excellent demand, and a clearance was quickly effected at higher prices. Best baconers realised up to 7d per lb,' and best porkers up to 8d per lb.

CANTERBURY GRAIN MARKET. CHRISTCHURCH, February 6. Wheat is now commencing to come forward fairly freely. The sample so far is good, and shows no signs of ill effects from the recent burst of bad weather. The yields so far are also good. There are a number of crops of 40 bushels and over reported. However, the wheat' coming forward at present missed the very bad burst, and probably the later samples may not show the same quality. Nevertheless, throughout a very large area of Mid and North: Canterbury little damage has been done. The drying winds of the past week have arrested deterioration in the way of sprouting and rust. Farmers have been disinclined to do business at the prices offering by millers—namely, 4s 6d per bushel at wayside stations, —but several substantial lots were sold to-day at that figure for Hunters and Tuscan. Inferior grades are a shade lower. The inquiry for Garton oats from Australia has disappeared, due doubtless to the rainfall over a wide area of New South Wales. Values have eased as a consequence, and from 2s 6d to 2s 8d is now the ruling- quotation. Duns and Algerians cover a very wide range of quality, and they are quoted at 2s 6d to 3s at country stations.

Chaff lias made a sharp advance, and for good bright oaten sheaf business has been done with the North Island at £6 10s f.0.b., s.i., equal to up to £4 5s . io £4 10s at country stations. There is some nibbling going on at barley, and quotations cover a wide range. There is a lot of poor malting being offered, and naturally this is not in keen demand. Good quality, when offered in decent-sized lines,, has been purchased at ss. per bushel at country j stations. Small lots , of secondary quality have passed at up to 4s 6d.

The quality of the barley offered so far is not very good. Potatoes are not moving with much freedom. Though the crops in North Canterbury are reported to be clean, rather discouraging reports are coming from South Canterbury and North Otago, a good deal of blight being reported. Quotations for April-May delivery are up to £3 5s per ton at country stations.

Perennial and Italian ryegrass are very firm, being worth from 4s 6d to 4s 9d to farmers. Any business in regard to cocksfoot, which is very firm, is confined to last year’s seed, and the business between merchants has taken place at 9d per lb for machine-dressed, equal to 5Jd to 6d to farmers.

/ Partridge peas are quoted at 6s per bushel at wayside stations. There has been a remarkably large area sown in linseed, which is quoted nominally nt £l4 per ton.

DAIRY PRODUCE. WELLINGTON, February 6. The National Dairy Association of New Zealand has received the following cable advice from its London office, ’dated February SiButter. —The market Ims declined slightly, due to the arrival of several steamers. New 7 Zealand salted 194 s to 1965; unsalted 198 s. Australian salted 190 s, Danish, slow, 2045. Cheese.—The market is quiet; white and coloured 126 s to 128 s.