FINANCE & COMMERCE.

Waimate Daily Advertiser, Volume XXIV, 11 December 1924, Page 3

FINANCE & COMMERCE.

WOOL SALE. NAPIER FIXTURE CONCLUDES. FEB PBESI ASSOCIATION —Cni-TBIGHI NAPIER, December 10. The second Napier wool sale of the current season concluded to-night, the bulk of the catalogue of 28,377 bales Having been quitted under the hammer. The passings were possibly not more than ten per cent. Buying again was restricted to a comparative few, but occasionally competition was a little more brisk than on the opening night. Prices, however, continued to rule on a level about the •same as those offered the night before. The average decline on the rates ruling at the previous Napier sale was up to two pence per lb; compared with the last Auckland sale the decline was about a|d greater. The bulk of the wool offered was later shorn than that offered in November, and naturally was , carrying considerably more condition, | which was shown in the prices realised. I Easier prices were anticipated, but ; people generally were hardly prepared for the drop that took place. Vendors met the market, however, and the result, as already stated, was a fairly good clearance. American competition was very slack. Bradford buyers took a large portion of the offering, and the Continentals were fairly active for wools suited to their requirements. Bearing in mind the heavier condition of the woo! and the easing of the London market, it is considered that the prices ruling are satisfactory. No official range of prices is available tonight. | SI DNEY, December 10. i At the wool sales, competition wr.s • general for all fine quality wools, which | realised extreme prices. Greasy 1 merino sold to 49jd, i.hile necks nun. the record price of 40ld. STOCK SALES. i ADDINGTON. I I CHRISTCHURCH, Dec. 10. • At Addington to-day there was a slight easing in values of fat stock generally. | Store Sheep.—A fair entry was forward, consisting mostly ot wethers. , Forward four and six-toothed wethers m,ade 35s 6d to 37s 6d, four, six, and eight-toothed wethers 29s 3d to 33s 3d, ' two and four-toothed woolly wethers * 465, four, six, and eight-toothed woolly wethers 44s to 46s 6d. Wether_ hoggets 29s ad, two-toothed wethers 27s 6d to [ 32s 7d, small t ivo-toothed wethers 24s : 7d to 24s lOd, rape lambs 28s to 325, two-toothed three-quarter-bred ewes 31s lid to 355, aged woolly ewes and lambs 25s lid, aged shorn ewes and lambs 22s 9d. rat JLambs.—l4so head (200 more than at last sale) were yarned. The quality generally was good and com- , petition was keen, although prices 1 were a shade lower than ruled last j week. Prime lamb made 13d per io.

Extra prime fetched 45s 6d to 48s 7d, prime 42s to 455, medium 39s to 41s 6d. rat sheep.—Eight races were forward, a good proportion of which were plain wethers. The sale was inclined to fluctuate. For best sheep there was practically no change, though the buoyancy of the previous sale was rot in evidence. For wethers the over-all figures ranged from 8d to 9a, and for ewes about id. Extra prime wethers sold at up to 49s 6d, prime 44s oct to 47s 6d, medium 39s to 445; extra prime ewes 45s 9d, prime 40s to 425. Eat cattle. —605 head were forward, as against 400 last week. Except for handy shop weights, there was a falling off in values to the extent of £1 per head. Extra prune steers made up to -As, prune medium weights 37s to 40s, prime heavy weights 33s to 36s 6d, medium 31s to 33s per 100 lb. Extra prime steers realised £l9 12s 6d, prime £l5 to £l7, medium £l2 to £l4 15s; prime cows, £8 10s to £l2, medium £5 15; extra prime heifers £l4 12s 6d, prime £9 10s to £ll 10s. Vealers. —Another large entry was submitted, including a lot of inferior stun. Runners brought up to £6 15s, veaters £3 to £5 10s, good calvers £1 15s to £2 10s, small 15s to 255. Store cattle. —A full yarding Was penned, mostly of nondescript sorts. Prices generally were in advance of fate rates.

Dairy cattle. —The entry totalled 58, compared with 62 last week. Best second, third and fourth calvers (springing), macle £6 to £8 ss, best springing heifers £4 to £6 10s, Fat pigs.—A medium entry was yarded, vnoppers brought from £3 _to £5 10s, light oaconers £3 5s to £3 15s, heavy baponers to £4 (average price per lb 6d to 6/1) ; light porkers £2 bs to £2 12s, heavy porkers £3 (average price per lb 6|d to 7Jd). Store pigs.—A good entry met with a satisfactory demand. Small weaners fetched 20s to 23s 6d, better sorts to 275, small stores 28s to 355, medium 37s to 425. BURNSIDE. DUNEDIN, December 10. At Burnside market to-day there was a good sale of sheep, and prices went up from Is to 2s per head. Fat cattle just held their own, and stores were easier. Bacon pigs dropped 10s a head, while porkers were also easier. Sheep.—Of an entry of 1303 head, all were shorn with the exception of about fifty. The quality was medium to fair. The sale was a good one. The demand was very keen, and prices rose from Is to 2s per head on last week’s prices. Extra prime shorn wethers m,ade from 49s 9d to 525, prime 45s_to 475, good 42s 9d to 445; extra prime shorn ewes made to 44s 6d, prime 40s

9d to 435; woolly wethers made prices up to 665, and ewes to 60s. Lambs.—About forty were offered, not nearly enough to meet requirements. The smallness of the offering is accounted for by the fact that the export works have not opened yet, and exporters are buying outside at higher prices than are being made at Burnside. It is anticipated that at the double sale next week very few lambs will come forward. To-day prices were up from 2s to 3s, and ranged from 38s to 495. Fat cattle.—A yarding of 244 was considerably less than last week’s number. There were comparatively few choice pennings. The sale was a fluctuating one. Extra prime bullocks made to £2l ss, heavy £l7 to £lB 2s 6d, prime £l3 10s to £l5 12s 6d; extra prime heifers made to £ll, prime £7 1.5 s to £8; extra prime cows to £lO ss, prime £5 15s to £7 ss. Old £lO ss, prime £5 15s to £7 ss. Pigs.—There were over 200 fats and 40 stores. The supply w,as too big for the demand. Bacon pigs dropped about 10s a head, and porkers also eased, though not to the same extent.

GERALDINE STOCK SALE. [OUB CiW\ COBB.ESPONMBNT] There was a very fair yarding of fat lambs and sheep at the above sale yesterday, though some of the lambs showed evidence of having been taken off their mothers too soon. The yarding comprised 850 lambs and 150 fat sheep. Prices for good lambs reached 46s 4d. inferior going as low as 29s 9d. Eat ewes ranged from 30s to 38s and wethers from 40s to 465, woolly ewes making from 40s to 495. A few cattle offered fetched from 20s to 455, for dairy cows, steer £2. Pigs sold from 22s 6d to 30s. LONDON PRODUCE MARKET. DALGETY’S REPORT. LONDON, Dec. 8. Butter. —Since our last wire prices for exceptional brands are 2s lower, at 204 a, and ordinary unchanged at 2025,