STOCK MARKET REVIEW

Sun (Auckland), Volume II, Issue 350, 10 May 1928, Page 12

STOCK MARKET REVIEW

STRONG TONE REGISTERED i

SHEEP SPECIALLY FIRM Thursday, 9 a.m. * The upward trend registered in the stock market throughout the year continues. Sheep are especially firm. A strong tone has oeen registered in New Zealand’s main markets throughout the week. At Westfield yesterday a good quality beef yarding met with a keen demand. The market for well-finished young cows and heifers was especially firm, toward the finish prices in this section being well up to the ox beef parity. In fact, all things considered, ox beef on yesterday’s prices was best buying, and cow beef undoubtedly reached a season’s high level. This was largely accounted for by the great improvement in the average quality. There was a large percentage of wellfinished beef cows, with dairy strains not so prominent as at most recent sales. Generally, ox beef was firm at late rates. Cow beef was firm to slightly in advance of late rates, choice young cattle selling at a slight premium in most cases.

At Addington yesterday a further drop in the fat cattle market was registered, prices receding by 10s to 20s a head to bring the market little above the Westfield parity. An entry of 620 head included a big showing of indifferent dairy sorts. Best beef made to 38s 6d; prime steer and heifer, 35s to 37s 6d; heavy beef. 32s 6d to 365; medium quality, 32s to 34s 6d; good cow, 31s to 33s 6d; ordinary, 28s to 30s; rough, down to 245; extra heavy prime steers to £lB 12s 6d; prime heavy steers, £ls to £l6 15s; prime medium-weight steers, £l3 to £l4 10s; light steers, £6 to £9 10s; extra prime medium quality steers, £lO 5s to £l2 15s; light steers, £6 to £9 10s; extra prime heifs, to £ls 2s 6d; prime heifers, £9 10s to £ll 10s; medium heifers, £7 15s to £9 ss; light heifers, £5 to £7 ss; extra prime cows, to £l4 7s Od; prime cows, £8 15s to £lO 10s; medium cows, £6 15s to £8 10s; aged cows, £4 10s to £6 10s. Stortford Lodge values for cattle last week were firm at late rates allowing, according to listed prices, little margin for the Auckland buyer. Fat bullocks made from £lO to £l4. The Poverty Bay market at Matawhero is handling very little of this class of stock at the moment, but values there also appear firm. Everywhere throughout the North Island stores appeart o be meeting with a strong demand, the market, forced up by graziers requiring cattle to keep their pastures in good trim, leaving little margin for those desirous of topping off for the fat market. Fat Sheep Market Active The sheep market registers the greatest activity at the moment, and everywhere the trend is upward. At Westfield yesterday a strong tone was registered, and a short yarding of mixed quality sheep, comprising many inferior quality lots, but a fairly big percentage of handyweight wethers carrying a good weight of wool, sold under brisk competition. There were no even lines of exceptionally prime big-framed wethers and, again, even in many of the best lines, the average prices suffered by uneven grading. The tops of the ewe offering were certainly choice and showed better attention to finish. A full pen of even choice prime young ewes, not necessarily fat, on account of W. Duder, Maraetai, topped the market at 345. One truck of ewes not so evenly matched, but mostly well finished, on account of W. Peters, Kaiaua, made to 33s 3d, averaging 31s 6d. R. Hannon, a Cambridge grazier who has been sending well-finished lines forward fairly consistently of late, was responsible for the top-priced line of wethers; a pen of account of this vendor comprising heavy weight sheep carrying a fair weight of wool, but not finished to the extent that would give rise to special comment, made 36s 9d. Generally yesterday’s market for heavy wethers was firm to slightly in advance for late rates. Small choice finished wethers were decidedly firmer, one truck of small extra choice 2-tooths carrying a poor slipe made over 8d a lb. This was certainly an exceptional price, however, and not a true indication of the market. The market for lighter sorts was comparatively firmer than that for heavier wethers. Good ewes were up Is 6d a head on late rates. Inferior and lighter finished ewes registered an even greater advance. At Addington yesterday there was a heavy entry of fat sheep and a wellsustained demand until the conclusion Exporters bought freely and butchers paid good prices for heavy weights. Extra prime wethers made to 41s lOd; prime wethers, 34s 6d to 38s; medium wethers, ols to 345; light wethers, 26s 6d to 29s* extra, prime ewes, to 39s Id; prime ewes, bd to 325; medium ewes, 24s to 275; ttf^3.7 S eweSj rou §‘h ewes, 15s Southern Markets in Good Tone I J awk< r’ s Bay market also reglsru® a firra tone, ordinary heavy prime makine* tf,, Stort £ ord Lodge last week making to 32s and ewes to 23s 9d. At Matawhero on Friday wethers made to toL ln a V, „T e . S t° 22s ' There is a Arm tone m the fat sheep market in all the hiSh“ l?-?lS etS and ’ with the maintained levels on the overseas meat and markets, there seems little likelieorne f T a 7 eakeai ngr for some time to coine. In fact, it is hard to see how mon e i'L ." t C ,° me . ba^ k ; for the next three months at least. The tendency should rpm.iiil, be n lP i'£ a | ds ’ thou Sh it must be Si b i. d i that any fur ther apprecianriceT2 I ?r! r,§r aboat a rise in butchers’ thls woul d undoubtedly affect consumption to a certain extent. ~ lambs sell in all parts at practically unchanged rates, but the quality rn^\ n fJ° rW^ d }° Westfie ld does not leave room for much favourable comment. The need tG a ° f lat « offerings would a lot of camouflaging to sell as choice or even prime. D especially wethers, in all t U meeting with a firm deS n fr,r tn o m n rk i et all °winsr little marfhe Sse m K ~T hlV s especially “ f “ e Jn the South. At Addington yesterday 3 oung ewes and forward lanbs and wethers sold briskly, other classes hai , ffred° m ewe ha , t Extrago'od ..til l m ew , lambs made to 35s 10d*.ood halfbred ewe lambs, 28s to 31s 6dmedium halfbred, 25s to 27s 6d? inferior halfbred ewe lambs, 22s 6d to 245: good 2qs eeqU ?J- ter - bred ewe ia-mbs, 26s 6d to ordinary three-quarter-bred ewe iwi b 'T’ 2 £. S 0. 24 s 6d: ordi nary crossbred larab* ai 22? B? S t tO ./ ss « 9d: medium rape to l7’ 2 “ k l,A d 24s , 6d ; cull lambs, 14s lined four, six and eight-tooth fW eW S S ’ - 2 ! s 6d to 30s; ordinary ‘"6s to «s„ and ei ght-tooth halfbred ewes, ebs to 28s; inferior four, six and eiirht tooth halfbred ewes, 23s 6d to 25s- tour to 2l^ n firt- ei 5 ht a tooth crossbred ewes, 26s to 28s 6d; aged ewes, ISs 6d to 21s- ixtr? we O thers U 3O.s S to "n°e th halfbred ? 9? ht o t rd° t n hal f fb,:ed Others, ° U 27s Sl fd a to gfbr°ed di^ieS Ur 2Bs Si fo %% &*?*&« wethers, 18s 6d to 21s 6d. inieno yeTterdlv S °m at ,at .f J ates at Westfield bers soid yar d e d in average numSf r ®v, ®° ,d on „ a market firm to slisrhtlv m advance of late rates, sngntii Westfield Prices Prices at Westfield yesterdav in ih. various sections ranged as follow th to ilfi'T? e^ y n. prirne .steers made £l4 7.,. L ss; lighter prime, £l2 7s l3 Krt-' S 6d; , lj =bt prime, £lO 10s to° £1? £10 6 7i 6d°-°evtr2 d l- Übflhished, £8 10s to 1 s -1 ■ ex tra heavy prime young cows and heifers £i o to £l2 ss; heavy prime covs and heifers, £S 10s to £9 17s 6d® hfthter prime, £6 10s to £8 7s 6d- other killable cows, £4 10s to £6 7s 6d ’ . 14s (fd P tT £'i a VL P .T', me w ? th ers made £1 ® d to £l 16s 9d: medium prime, £l Jo A if 1 os 4s “d: hght prime, £1 lOs $2 fa 1 A 2s o 9d: Q ? mall and unfinished, £1 ii *?„ 9 , 5 . heavy prime ewes, £1 11s to £1 14s; medium, £1 7s to £1 10s 9d; light. £1 5s to £1 6s 6d; inferiorly fatted, 13s 6d to ISs. Lambs.—Extra heavy prime lamhc made £1 13s to £1 15s 9d for lambs from W Escott, Dairy Flat; heavy prim? £1 Ss 6d to £1 11s 6d: lighter prime £1 ? A 1 Ss 3d: 1! & ht Prime, £1 4s to £1 5s 6d; small and plain, 19s to £1 3q Calves.—Runners made £3 to £5 heavy vealers, £4 to £4 12s; medium £3 Ss to £3 18s; light, £2 16s to £s’ 6ssmaller, £2 5s to £2 14s; small and fresh-dropped, 5s to £2 2s; rough calves 15s to £1 ss. ’ Pigs.—Choppers sold at £2 15s to 16s; heavy and medium baeoners £4 Ss to £4 14s; light baeoners and lieavv porkers, £3 3s to £4 6s; medium and light porkers, £2 Ss to £3: 'small and unfinished porkers. £1 Ss to £2 2s. Store pigs were penned in average numbers and sold at late quotations. Large stores made £1 to £1 ss; slips, 10s to IS<5weaners, 3s to 10s.