COMMERCIAL.

Hokitika Guardian, 25 January 1917, Page 3

COMMERCIAL.

ADDINGTON STOCK MARKET (PER FRESS ASSOCIATION.—COPYRIGHT], CHRISTCHURCH, Jan. S 4. In beef there was a heavy market, and in consequence the sale was irregular, export buyers paying spasmodic att out ion to the requirements of small commissions. Nevertheless few cattle were procured at or about government rates.

In all probability the acquisition of hides accounts for slightly slacker competition.

Store cattle had a medium entry. For average good quality the demand was easier. 3t year steers £lO ss; 2£ to 3 year old £9 ss; 2 year lieifers £7 10s to £7 15s.

In yearlings no docent lines wfcro yarded. . Dry cows, forward to £9 10s. In store sheep the market was cosmopolitan and sales were effected at an extraordinary high level.

Wo may be pessimistic, but wo are or opinion that tho standard of values was well held by one firm which had tho bulk of tho entry, and we are inclined to think that but for assessed values for. all backward, or anything except forward or well bred linjos, prices Jjfruld havo receded 2s to 3s per head.'

There seems an intense desire on tho part of agentg to hold up the market, evidently for heavy deliveries of forward purchases to be provided. For ■" ' cp the yarding was lighter ai'ket opened well Tip to lnl eased towards *he close. filled their requirements, leaving freezers to fimib.

Prime wethers to 37s Gd; ordinary 30s to 345; prime ewes to 325, ordinary 32s to 26. For fat lambs there was a smaller entry, with the prices very firm at a slight increase on last week’s rates. Prices: best lambs to 35s Bd, prime lambs 27s to 31s, medium 24s to 26s 6d, lighter and unfinished 21s to 23.