Stock Market Review

Sun (Auckland), Volume II, Issue 392, 28 June 1928, Page 14

Stock Market Review

PRICES HOLDING FIRM Dairy cattle and fat stock’ receive the greatest attention in New Zealand stock circles at the moment. Though there is a healthy demand for stores of all grades little showing much quality is offering. Values in all sections remain firm. A T Westfield yesterday an average yarding of beef came forward to meet with a market which held practically on a par with late rates. Sheep were yarded in large numbers, and, despite the fact that there was little life in the bidding, prices remained practically unaltered at last week’s slightly easier rates. Quality Beef at Westfield Yesterday’s yarding of beef was drawn from most parts of the province, although none from down the Bay of Plenty was noted. The quality, generally, was not high, the yarding comprising mostly light to medium-framed beasts upon which not a great deal of attention hid been paid to finish. A few lines of specially choice cattle came forward, however. A line of 13 extra choice prime heavy steers on account Taylor Bros, averaged £l7 6s Bd. Slightly lighter weight steers on account Bourne Bros., Te Awamutu, averaged £ls 9s 6d. Another well-finished line of medium-weight steers on account W. J. and H. H. Thompson, also of Te Awamutu, averaged £l4 17s 6d. The greater part of the day’s offering of ox beef sold at prices well under £l2. High Prices for Cows The yarding of cow and heifer beef yesterday, generally, was a very mediocre one. Only a very small percentage of the offering had anything specially attractive from the butcher’s point of view about it. One line from the Paeroa district on account W. Wight was worthy of special note, however. This line, comprising eight extra heavy big-framed specially well-finished cows averaged £l3, making to £l3 17s 6d. This is the highest price paid for this class of stock at Westfield since the days of big prices. Heavy Sheep Yarding Although for various reasons offerings on account of local vendors were cut down to a minimum, heavy entries of sheep came forward from the more distant parts of the province. A yarding fully as large, if not larger, than those registered during the past month came forward. No heavy prime big-framed wethers such as those which brought over 45s earlier in the month pame forward. Light to medium-weight sheep comprised the greater part of the offering with a fairly big percentage of wethers. Bidding lacked spirit and the market tended to drag. Graziers buying for a margin were fairly heavy operators. Prices, generally, held at last week’s slightly easier rates. One of the choicest lines of the day was one on account K. Caldwell, Glen Murray. The line made to 41s 6d. Pigs sold at practically unchanged rates. Stores met with a very firm demand. An average yarding of calves met with a market, if anything, slightly easier than last week. Yesterday’s Addington Market Heavy entries for this time of the year were recorded in the main sections at Addington yesterday especially fat cattle and fat sheep. In the store pens good ewes met with a firm demand, but the market for back-ward-conditioned sheep was somewhat easier. The best sale of the year was recorded for a heavy yarding of fat sheep. The market hardened throughout, ewes being better by Is 6d to 2s a head than at the start of the sale, and wethers by Is to Is 6d. Extra prime wethers made to 4.9 s lOd; prime wethers, 39s to 42s 6d; medium wethers, 34s 6d to 38s 6d; light wethers, 30s to 345; extra prime ewes, to 42s 10d; prime ewes, 33s to 36s 6d; medium ewes, 28s 6d to 325; light ewes, 23s to 2Ss; ageu ewes, 18s to 225. In the fat cattle section, also, the heaviest yarding for some months came forward. There was an irregular market, but an easing tendency particularly for big plain steers, which were down on last week by 30s to 35s a head. Good mediumweight steers and heifers and the b,est of the cows were easier by about 10s to 15s a head. Best beef made 37s to 39s a 1001 b; extra, to 40s; good heifer, 36s to 38s; cow, 34s to 36s 6d; ordinary, 28s to 31s; heavy steers, 31s to 345; and rough cows, down to 255; extra prime heavy steers realised to £2O 17s 6d; prime heavy steers, £ls 18s to £18; medium-weight prime steers, £l4 10s to £l6 10s; ordinary quality steers, £9 10s to £l4; light steers, £8 to £9 10s; extra prime heifers, to £l4 17s 6d; prime heifers, £lO to £l2 ss; ordinary heifers, £8 5s to £9 15s; light heifers, £5 10s to £8; extra prime cows, to £l4 12s 6d; prime cows. £9 10s to £l2 10s; ordinary cows, £7 to &9; aged cows, £4 15s to £6 15s. Prices at Westfield Prices at Westfield yesterday ranged as follows; Cattle.—Heavy prime Steers made £ls to £18; lighter prime, £l3 10s to £l4 17s 6d; light prime, £ll to £l3 ss; small and unfinished, ££ to £lO 17s 6d; extra heaVy prime young cows and heifers, £lO 5s to £ll 15s; heavy prime cows and heifers, £S 10s to £lO 2s 6d; lighter prime, £7 to £8 7s 6d; other killable cows, £5 to £6 15s. Sheep.—Extra heavy prime wethers made £2 Is 6d to £2 4s; heavy prime, £1 18s to £2 Is 3d; medium prime, £1 16s 6d to £1 17s 3d; light prime, £1 14s 3d to £1 36s 3d; small and unfinished, £1 12s to £1 14s; heavy prime ewes, £1 11s to £1 13s 9d; medium prime, £1 9s to £1 10s 9d; light prime, £1 6s to £1 Ss 6d; inferiorly fatted, 12s to 19s. Lambs.—Extra heavy prime lambs made £1 12s to £1 13s 9d; heavy prime, £1 10s to £1 11s 9d; lighter prime, £1 8s to £1 9s 9d; light prime, £1 5s (id to £1 7s 9d; small and plain, £1 to £1 5s 6d. Calves.—Runners made up to £5 18s for an extra heavy heifer, heavy vealers, £3 8s to £5; medium vealers, £3 3s to £3 15s; light, £l 16s to £2 3Ss; rough and plain, 17s to £1 3 4s; small and fresh dropped, 3s to £1 Bs. Pigs.—Extra heavy prime baconers made up to £4 19s; heavy prime bacoriers, £4 Ss to £4 3 3s; medium baconers, £3 34s to £4 Is; light, £3 4s to £3 10s; heavy porkers, £2 33s to £2 18s; medium. £2 7s to £2 11s; light, £1 16s to £2 3s; small and unfinished, £1 6s to £3 14s; stores, good framed, made up to £1 8s; smaller, £1 3s to £1 ss; slips, 35s to !9s: weaners, 13s to 17s for best; small and weedy, 7s to 11s. LONDON STOCK EXCHANGE (United P.A.—By Telegraph — Copyright) (Australian P.A.—United Service) LONDON, Tuesday. The following are the latest quotations on the London Stock Exchange of the stocks named: —Bank of Australasia, £l4 15s; Bank of New South Wales. £4B Is 3d: Union Bank of Australia, £ls 13s 9d; National Bank of New Zealand. £7 Ss lid; Bank of New Zealand. 635: New Zealand Loan and Mercantile. Agency Company, Ltd., debentures £75. ordinary shares £111; P. and O. (deferred stock), £240. FAT LAMB EXPORT PRICES Press Association. . WELLINGTON, Wednesday. The New Zealand Meat. Producers’ Board advises that the following prices were being offered for fat stock for export at June 25, the rates offered on June 18 being given in parentheses:— Canterbury.—Prime woolly lambs. 361 b. and under, 121 d a lb. (12id); 371 b. to 421 b., 112 d (113 d); 431 b. and over, 11 Id (llid); second-quality lambs, lH.d (Hid). LONDON FRUIT MARKET (United P.A.—By Telegraph — Copyright) (Australian Press Association.) Reed. 9.30 a.m. LONDON, Wed. The Port Adelaide's New Zealand Jonathans brought 9s to 13s; Cleopatras, 12s to 14s; Newtons, 13s to 13s; Spitsbergens, 10s to 12s. New Zealand pears: Trays, ex Port Adelaide. Winter Nellis, 4s to 7s 6d: ex Tonic (somewhat overripe), Winter Nellis, 2s to 4s; Barry*. 3s to 4s.