Money and Markets

Sun (Auckland), Volume I, Issue 197, 9 November 1927, Page 15

Money and Markets

WESTFIELD STOCK SALE BEEF SHORT YARDED * MEDIOCRE OFFERING BEEF held firm at the late rates at Westfield to-day. The shortest aggregate yarding seen for some weeks came forward. Generally the offering of bullocks was a most mediocre one and heavy prime cattle were hard to locate. Light and medium-framed cattle were well to the 'ore *nd there was a noticeable absence *f choice prime cattle on account of wellknown Waikato graziers. Well-finished cattle most suitable for butchers’ purposes were eagerly sought tfter. Approximately 330 steers were offered. The top price for the day was £l3 17s «d. This was secured for a pen of heavy prime, not exceptionally big-framed, cattle on account of a Waikato vendor. W. Vesper. Cambridge, had a few trucks forward of well-finished cattle mostly below th* weight of the offerings sent in by him earlier In the season and tending toward medium weight grades. The line nr.de to £l3 10s. H. Heed, of Waerenga, wax responsible for a line of medium wtight prime cattle which made to £l2 !(b. :-f#avy prime steers made from £l2 10s f-) £l3 17s fid: prime. £ll to £l2 2s 6cl: mfdsim weight. £9 7s 6d to £lO 17s 6d; light and small prime, £7 2s fid to £0 ss; unfinished and small made from £6 ss. Twtatl gglh sh sh sh sh sh sh sh sh s The yarding of cows and heifers comprised approximately 270, for the most part light and not exceptionally prime b«a«t*. Dairy strains were largely in evidence and few big lines from wellknown graziers came forward. Tn short, ?h* offering could be described as a very mediocre one with no lines worthy of *pecia] note. Choice prime heifers, •specially were hard to locate. The best line of the day was one on •ccount Taylor Bros.. Tauplri. Comprising big-framed Shorthorn cows, the line topped the market at £0 7s fid. None nf the draft was equal to the cattle which % few weeks ago were making over £lO, however.

The market hardened as the prores,'ed to close slightly in advance of late rates. Heavy prime cows and heifers made to £9 7s fid: prime cows and heifers on the small side from £6 10s to £7 17s fid: small and medium finished from £5 2s 6d to £6 ss; unfinished and Just killable from about £4. Buyers for export were operating in the beef section, but lines brought in for this purpose only accounted for a very ima?l section of the entry. The market for veal had a rather nrmpp tone. For the most, part the 3 lves were an ill-nourished lot and '\tra prime sorts were well in the minorty. A falllng off in the number forward *»s registered. Heavy vealers made from £3 10s to £ i !"'• medium. £3 to £3 Ss; smaller, £2 to £2 ISs; small and fresh dropped, JS to £2 6s. An average yarding of sheep included more than the usual quota of ewes. Few •xtra henvy big-framed wethers came ■ward and there was a large sprinkling of only medium-finished sheep. Approximately 700 lambs, the largest •ntry to dato this season, were forward xnd for the most part they could have lone with mors finish. The sheep market opened on a par •nth late rates. Soon after the start of ffte second row a pen of oieht big-framed otliers made 325. Up to that, time other pHmf ' others made from 28s to :, s fid. Smaller prime. 25s fid to 27s 6d. Heavy prime ewes made to 235. SOUTHERN EXCHANGES Pres* A ssociation. —Reported sales: Inscribed Bant’ It* P 4 er cent ’ 193 - Ts 6d: Union ,<* Austr a >a (rights), £2 12s. — Re rorted Sale; Union SM f ._ Allstralia * rights, 535. <-Nri«tehurch.—Sales on Change: Union sank fractions,” Ss fid, Ss (2 parcels): ~f' v Zealand Breweries, 44s 6d; Beafh i nci Co., 32s sd; Holden's Motors. 335. Reported: N.Z. Breweries. 44s 9d, 455. n / ed n ’ —Reported Sale: Electrolytic Zlße (ord.), 3ls 4jd (two). YESTERDAY’S SALES Press Association. Zealand Government Per cent., 1927-41, £9B 15s; Bonds. 5i per cent., 1936. ••ij * Union Bank (rights), 535: . moni Bank (fractions). 8s 6d. 8s 9d and «Jr? alan<l Government 4} per cent. SJJL** 19 38. £9fi 5s and £96 7s 6d; Comgrcial Bank (ordinary), 29s Id. —Commercial Bank of 29*; Commercial Bank of Aus£7 Is; Union Bank of RaSj a fractions), Ss; New Zealand rJ22? rat,n S (con.). 8s; New Zealand *36 7s fid. THE LONDON MARKET Wool prospects good New Zealand reports hav■s T^>nrt Ueti ’ ,ie following advice from T»n« n °/* ,ce under date November price* kJ 1 ! 1 1 ,ie demand is good and ThJ S. Ve advanced 9d a cwt. 'lon nßr was received from LonNovember 4 Butter: 1 inr «uiry, ]fifi« to 172 s a cwt. Tilt niirir** W # 100 sto 102 s. Frozen Meat: nJ rket f°r aether mutton is steady "Vp* u rna tf rial change expected yet. Tbp u,l 8 v a better demand for ewes. is dun - Beef ** jn poor "Kin. to Bid a lb; -> %%<?*? t ?. s td. ewes, -id to 43d: lambs, to Id .A° S’s, 9*d to 9jd; 4s, Sid tii. *-^ Co nds. to 9d: Argentine. 7d °x hinds, 4id to 4?d; fores, 3ld to LONDON WOOL SALES next scries commencing Novf\v T o,l fablc. General advance jto 71* Merinos and fine crossbreds, °t nt - Medium and coarse teds probably 7A per cent, dearer.