BEEF MARKET EASIER AT WESTFIELD SALE

Sun (Auckland), Volume I, Issue 155, 21 September 1927, Page 13

BEEF MARKET EASIER AT WESTFIELD SALE

HEAVY WAIKATO OFFERING TTEAVY arrivals from Waikato pastures were responsible for a big yarding of bullocks at Westfield to-day. Prices in the beef section were erratic, and ranged from a par to 30s down on late values. The greater part of the beef offering was well finished, though few exceptionally heavy prime beasts came forward. There was also a large sprinkling of light and unfinished cattle. HIGHEST PRICE £l4 Values generally were considerably easier, and the highest price of the day was £l4 for a line of well-finished cattle, on account of G. Vosper, Maungatautari./ Similar cattle on account of Wm. Vosper, “Dingley Dell,” Cambridge, averaged £l3 17s. Lighter <j£ittle cm account of Edward Allen averaged £l2 15s. A line of wellfinished beasts on account of K. D. Orr, Pukekawa, averaged £l2 2s d. Similar cattle on account of John McIntyre averaged £l2 2s. A well-finished line of Polled Angus cattle on account of Pearce, the tops of which, though only medium-framed, were exceptionally well finished, made to £ll 15s.

Generally, heavy prime steers made from £l2 10s to £l4; prime, £ll to £l2 7s 6d; light, £9 10s to £lO 17s 6d; small and unfinished, £7 10s to £9 7s 6d.

Values in the female section were also considerably easier, and exceptionally prime heifers on account of W. W. McLaughlan, Papatoetoe, which at the last two sales would have made well up to £ll, were passed in at £lO. Other prime big-framed heifers on account of a Waikato grazier, sold to £9 ss. Small heifers made £5.

Bidding toward the close of the beef sate lacked spirit and tended to drag. One of the best values of the day was procured for a line of cattle on account of Reid Bros., Opotiki. The line, which was well-finished, although small, made up to £lO ss. Other big-framed cows and heifers made from £6 17s 6d to £8 10s. An average yarding of calves sold practically on a par with late rates. A few lines of exceptionally wellmatured calves came forward. POTATOES SLIGHTLY EASIER IN SOUTH PRODUCE MARKETS REVIEWED Press Association. CHRISTCHURCH, Tuesday. There is practically no difference to record in the grain and produce market since the week-end. Potatoes are slightly weaker, any business in the past few days being at £5 2s 6d for September and £6 for October. The Waipiata, from Timaru, took 2,800 sacks for Auckland, and the Kurow, which sails to-night from Xiyttelton, is expected to take over 5,000 sacks. The Wingatui is also booked to sail this week. In oats, A’s are worth from 3s 3d to 3s 4d, f.c.b., s.L, for spread delivery to December. Chaff is difficult to sell. Wheat is inclined to be easier. A fair amount of business has taken place in fowl wheat at up to 6s 7Jd f.0.b.. but milling inquiries are largely confined to the smaller North Island mills. Cocksfoot is quiet, as also is cowgrass, but both products are firm in price. BUTTER AND CHEESE THE LONDON MARKET Joseph Nathan and Co., Ltd., have received the following cable from their London house, Trengrouse and Nathan. Ltd., Tooiey Street: —Butter, 1925; cheese 101 s. Both markets are nrm.” Mr. G. Paviour-Smith has received the following cabled market report from his London principals, the Anglo-Continental Produce Co., Ltd.:— "Market firm. Butter, 184 s; cheese, 1025.” MINING NEWS MAORI LAND.—The manager reports: During the week ending September 17 the winze at the intermediate level has been sunk 6ft in a solid body of quartz, with neither wall showing. The quartz looks very well and shows quite a lot of favourable mineral. Two samples have been, taken for assay, one from the winze and the other from the No. 3 crosscut. ALBURN I A. — The manager reports: "The western crosscut has been extended from 362 ft to 379 ft. We have now definitely passed through the bar, and are in a better class of country. We fully expect to intercept the Sons of Freedom reef .'in about three weeks. Stoping over the intermediate level has been continued and we have holed through to the Orlando intermediate level, this being a total distance from the Norwegian level of 90ft. The part where we holed through is at a point a few feet south of the end of ground (or old face). For the whole distance stoped we have got gold more or less, some of the stone being fairly rich. We have broken a little stone over the Orlando intermediate level and saw strong gold in the stone on the hangingwa.ll side of the reef. The reef here is from 18in to 2ft in width. The best values that came out of the Orlando level were got immediately overhead and and worked to the surface. Values were left underfoot but owing to the influx of water work was abandoned here. The stope we propose taking up will come immediately under the previous run of gold.” SUBSIDISING PORK INDUSTRY MEAT BOARD CRITICISED Press Association. PALMERSTON NORTH, Tuesday. Recently the Dairy Farmers’ Union wrote to the members of the Meat and Dairy Boards individually, asking if they would do their utmost to obtain the introduction of the Paterson stabilisation scheme for the pork and bacon industry, or In the event of the scheme not being introduced, whether they would support a Government subsidy. Replies were received from members of the Dairy Board, but nothing from the members of the Mea’t Board. At to-day’s meeting of the union surprise was expressed that the latter had not replied, and after discussion the following resolution was carried: "That this executive is astounded at the action of the members of the Meat Board in not doing anything to assist and foster the bacon and pork industry, and that it is also dissatisfied with the inactivity of the Government in not passing legislation which will enable the producers to handle their own produce and bring every producer into line.” The secretary was instructed to write to the Minister of Finance requesting that the minimum term of intermediate loans under the rural credits scheme be reduced from six months to three. SOUTHERN EXCHANGES YESTERDAY’S SALES Yesterday’s sales:— Christchurch: New Zealand Government Inscribed Stock, 5£ per cent.. 1932, £101: National Bank of New Zealand, £6 17s; Commercial Bank of Australia, 28s Id; P. and O. (deferred stock), £265: British Tobacco, 57s 6d (four); Christchurch Gas (cum 22s 7d (three); Bank of New South Wales, £43 2s 6d (four); Golclsbrough, Mort (new), 43s 6d; Waihi, 21s lOd, 22s (four). Dunedin: Waihi, 225: Southland Frozen Meat (orcL), 31s; Auckland Amusement Park (ord.) 17s; National Bank of Ausjtrglasia;* £;17; 2s:; -J

LONDON MARKETS FOREIGN EXCHANGES By Cable. — Press Association. — Copyright LONDON, Monday. Foreign rates of exchange on September 19, compared with par rates, or as averaged first half of 1914, are:— Sep. 19. Sep. 15. Par. Brussels, francs . 34.93 34.92 25.225 Paris, francs.. .. 124.00 124.00 25.225 Stockholm, knr... 18.08 18.09 18.12 Oslo, knr 18.41 18.41 18.12 Copenhagen, knr. 18.17 18.17 18.12 Berlin, rm 20.43 20.43 Rome, lire .. .. 89.30 89.35 25.225 Calcutta, pence . 18.00 18.00 24 Yokohama, pence 22 15-16 23 3-16 24.43 Hong-Kong, pence 24 233 24 Montreal, dollars. 4.86 5-16 4.86 3-16 4.866 New York, dol. . 4.862 4.86§ 4.866 Amsterdam, fl. .. 12.132 13.13 g 12.107 Batavia, fl 12.145 12.14* THE METAL MARKETS (Quotations on Sept. 15 in parentheses.) Copper.—Spot, £55 5s 7Jd (£54 19s 45d); three months, £55 14s 45d (£55 9s 4id)i. Lead.—Spot, £2l 18s 9d (£2l 16s 3d); three months, £22 10s (£22 7s 6d). Spelter.—Spot. £27 8s 9d (£27 7s 6d); three months, £27 8s 9d (£27 12s 6d). Tin.—Spot, £284 17s 6d (£286 Is 3d); three months, £278 17s 6d (£2Bl 2s 6d). Silver.—Standard, 25jd (255 d) per oz; fine, 27 15-16 d (275 d). WHEAT Wheat. —Cargoes are quieter owing to weak American week-end cablegrams and are mostly at 3d to 6d decline. Parcels are receiving scarcely any attention and show a decline of 6d to 9d. Liverpool futures, October, 10s 4 l-8d per cental; December, 10s 45d; March, 10s 55d; May, 10s 3id.—A. and N.Z. ’