COMMERCIAL NEWS.

Hokitika Guardian, 25 November 1920, Page 1

COMMERCIAL NEWS.

bODINCTON STOCK MARKET.

DROP IN PRICES. (By Telegraph.—Special to Guardian.) CHRISTCHURCH, This Day. Messrs Matson and Co. 1 report as follows regarding their stock sale yesterday:—

Store sheep. small entry, mostly shorn sheep. All classes of sheep were cheaper’, especially 'anything ‘ m 'tho wool. Best wethers (shorn) fine, 2Qs to

28s; hoggets shorn fine, 20s- to 22s 6d; shorn ewes, hogget's up to' 24s 3d. The tone of the market generally was decidedly easier with every expectation of a further drop. The quality of the yarding to-day was better all round than last week, and all quotations are for host sorts. Several lots of hams wethers were offered, hut were hardly as good as usual and also suffered the same decline.

Mutton.—Another large yarding, mostly shorn slieep and more ewes were offered than has been the ease lately. The market opened easier, and towards the dose sales were hard to make and large numbers were passed in. We do not* anticipate any immediate improvement. Best shorn wethers to 43s 6d; a few show sheep to 50s; prime 31s to 365; lighter and inferior 27s to 30s fid. Ewes showed the same but one especially fine line maije up to 445. All sheep in the wool were very much easier owing to the big drop in the prices of butcher’s sjcins at last week’s skin sale. Butchers were very chary in their operations. Beef. —The yarding was smaller than last week ,lmt the quality was good and the market, again easier, especially for inferior sorts, and owing to the price of hides"ancf "the quantity of grass fattened cattle now coming fonyard, there is not much change of any immediate improvement 1 . ‘itest steers from £25 to £33' 15s ;"prime £2O 10s to £24 5s ; medium £l6 finished £ll 15s'to'£15 5s • cows arid heifers in the same proportion. Store cattle.—A fairly large but mostly nondescript sorts. Enquiry except' 'for any "good cattle, was very dull. There were no quotable lines of hig"eatt|° offering,\and with the exception *of one ' big line of Kaikoura cattje, which were all withdrawn/ no other straight lines were offered. 3-yr. steers £fj 15s; 2 to '2i-yr steers, £l6 10s to £0; }9-mos to 2-yr steers £5 5s to £Z 10s; jj.S. ' yearlings '£3 to £4 15s. Store cows £5 to £7.