BURNSIDE MARKET

Sun (Auckland), Volume I, Issue 280, 16 February 1928, Page 14

BURNSIDE MARKET

FIRM PRICES PREVAIL LAMBS UP TO RULING RATES Press Association. DUNEDIN, Wednesday. Firm prices were the rule at the Burnside stock sales. Fat cattle were a little cheaper than last week, and fat sheep also declined. Good lambs were well up to ruling rates. The fat cattle entry numbered 230 head of mixed quality animals, the proportion of fat prime bullocks being small. Fair to good cows and medium steers made up the bulk of the entry. Opening rates were a shade below last week’s prices. Prime heavy bullocks made £ls 10s to £l6 10s; prime,. £l2 to £l3 10s; best heifers, £8 5s to £9; and best cows, £8 to £9 10s. The values per 100 pounds for beef were as follows:—Prime heavy ox, ‘ 32s 6d to 355; prime heifer, 32s 6d; cows and light heifers, 20s to 255. The 1,200 fat sheep penned comprised light wethers and mixed ewes, with a small percentage of heavy stuff. Prime heavy wethers were in keen demad and vr for these and heavy stuff generally about 3s a had in advance of late r;:, The demand was fair throughout the sale but fell off quickly toward the end, especially for ewes which declined by several shillings. Light prime wethers were unchaged. Extra heavy wethers made 38s 6d to 41s; prime, 32s to 345; medium, 25s to 28s 6d; extra heavy ewes, 27s to 31s 6d; prime, 22s to 245; medium, 14s to 16s; extra prime wethers, light wethers, 6d; prime ewes, sd; aged ewes, 4ad. The penning of lambs was a large one of mixed quality, including some high class stock and some unfinished stuff. The usual buyers were operating and a keen sale resulted. Last week’s best prices were realised for' all prime lambs. Graziers’ sorts met a dull sale and best heavies made 31s to 32s 3d; prime, 26s to 28s 3d; unfinished, 18s 6d to 20s 6d. The price per pound was from Sid to 9d. About 250 store cattle were yarded, including a good proportion of yearling, three-year-old and four-year-old. There was a good demand and values remained firm at late rates. Best grown steers made £9 to £10; mediums, from £7 10s to £8 11s. Good 18 months’ old steers brought up to £6.105. The pig entry numbered 161 fats and 59 stores. There was no increase in the demand and a slow sale resulted. Last week’s prices were not exceeded.

REDISCOUNT RATE RAISED IN PHILADELPHIA By Cable. — Press Association. — Copyright. Reed. 10.6 a.m. WASHINGTON. Wed. The Federal Reserve Board has announced that the Philadelphia Federal Reserve Bank will raise its rediscount rate from 3ld to 4 per cent, as from February 16.—A. and N.Z. TAMAKI DAIRY COY. DECREASED PAYMENTS The total pay-out on February 20 of the East Tamaki Dairy Company will be £5,794 15s, which represents a decrease of 15.38 per cent, for the. month of January last year.. The total amount of butter made was 92,881 lb. The payments for the various grades are: Finest, Is 6d; first, Is 5Sd; second, Is 41d. PRICE OF GOLD By Cable. —Press Association. — Copyright. LONDON, Tuesday. Gold is quoted to-day at 84s 10£d an ounce. —A. and N.Z.-Sun. WOOL SALES IN SYDNEY By Cable.—Press Association. — Copyright. SYDNEY, Wednesday. At the wool sales the market continued strong at the best point of the season, with general competition and good clearances were effected. Crossbreds were in keen IPrices are still tending upwards. N.Z. WOOL FOR RUSSIA By Cable.—Press Association. — Copyright. MOSCOW, Tuesday. The Russian textile industry, instead of securing its supplies from Europe, has transferred its purchases of wool direct to New Zealand, Australia and South America. It will buy 80,000 bales from Australia, 6,000 from New Zealand and 2,500 from South America in the present season. The object is to obtain better quality wool at cheaper rates than those of Europe. —A. and N.Z.-Sun. CHICAGO WHEAT By Cable.—Press Association. — Copyi'ight. Reed. 10.5 a.m. CHICAGO, Wed. Wheat.—March, 2 dollar SO4 cents a bushel; May, 1 dollar 3-S centsj July, 1 dollar 27 k cent.—-A. and N.Z.