STOCK MARKET REVIEW

Sun (Auckland), Volume II, Issue 404, 12 July 1928, Page 12

STOCK MARKET REVIEW

l i HIGH PRICES AT ! _— ' July 12!, 9 a.m. Throughout the Dominion a firm tone continues to be registered In the market for all classes of stock. The sustained healthy tone of the overseas markets IS largely rel sponsible. ‘ At “'esti‘ield yesterday a small yard—ling of 0); beef and an average yard‘ing of cow and heifer bee]? met with at ‘market firm to slightly in advance of ‘lust week‘s rates. Extra choice ox ‘made to 365 a hundred,’but very few lines sold at that figure. n the ox beef section, \vhile there were several lines of well-finished young cattle specially suitable for butcher‘ purposes, there were no extra heavy—weight bullocks forward, and the greater part of the yarding comprised light and mediocre tattened ‘ steers. Clean lines of beef cattle were few and far between in the cow and heifer sections, the offerings comprising mostly culls from dairy herds. Several lines of solid weighty young cows came forward, however, and these met; with keen competition at rates equal to any registered at VVestfield this season. Sharp Advance in Sheep A short yardng of fat sheep saw the market close fully on a par with the high levels reached in June. Halfway through the sale values were fully 33 to 45 in advance of those ruling dur» ing the past three weeks. The sale opened practically on a par with late rates, with the bigger buyers not operating very freely. Two or three lines were passed in, however. and the market gradually strengthened to reach the levels mentioned. Two lines of specially well—finished wethers on account of different vendors made 475. 'Apart from a few specially choice pens of both wethers and ewes, the sheep yarding was a. very mediocre one, many inferior finished sheep being included in the offering. No doubt on account of the small lines not al—lowing the opportunity for division, the majority of the pens were very un—even. This was even noticeable among the higher—priced lots. Exporters Not Operating \Vith the firmer market for beef at \Vestiielrl yesterday exporters were not so prominent. and although following the sale, came in on only those lines which happened to lag slightly behind

‘me‘e'e'e "M C 'efiimt"'“’seléieieie§%~§-‘e JO 3%62‘. the higher price level. In the fat sheep ‘pens. with the exception of a buyer for the islands. who, it might be men—tioned, paid the top price for wethers, exporters‘ operations were practically negligible. A small yarding oi? calves, which comprised few well—finished vealers of any description and a. larger percentage of small and fresh—dropped than at late sales. met a. very firm market. “fell-nourished small calves only a. week or so old were making fronl 95. Figs met with a. keen demand, and the market for porkers and stores showed a. slight advance. Addington Market At Addington yesterday the first cattle from the North this season came forward in several good qualtiy lines from the VVunganui district. South Otago, Southland and “fast Coast ven—dors were also represented. A heavy entry of 608 head resulted and there was consequent weakening in the market for steers and inferior beef of 205 a. head. The market for well-fin-ished young cows and heifer beef was not affected. Extra. prime beef made to 415. Extra. heavy prime steers mak—ing up to £24 25 6d. Extra. prime heifers nlade to £l4 75 6d. _

The market for wethers was easier by Is a head, extra prime sheep making to 49s Id. Extra heavy prime ewes mad© to 44s Id.

Cattle in Demand at EJurnside At Burnside yesterday fat cattle were* in good demand and sold freely at late rates. The sheep market opened in good tone but the demand slackened as the sale progressed. Good lambs were eagerly sought after, but there was a large percentage of unfinished lines forward. The market for fat pigs improved 15s a head. Extra prime ox beef made to 42s 6d; heifers to 355. Prime wether mutton made 7d a lb; prime ewe, s£d a lb. Prices at Westfield

Prices at Westfield yesterday ranged as follows:

Cattle. —Extra choice ox sold to £1 16s per 1001 b.; choice and prime, £1 13s 6d to £1 15s; secondary and plain, £1 11s to £1 13s; prime young cow and heifer beef, £1 5s to £1 10s; ordinary cow beef, £1 Is to £1 4s; extra heavy prime steers, £ls to £ls 10s; heavy prime steers, £l3 15s to £l4 17s 6d; lighter prime, £l2 15s to £l3 12s 6d; light prime, £lO 15s to £l2 12s 6d; small and unfinished, £7 to £lO 12s 6d; extra heavy prime young cows and heifers, £lO 10s to £ll 10s; heavy prime cows and heifers, £9 to £lO 7s 6d; lighter prime, £7 to £S 17s 6d; other killable cows, £4 15s to £6 17s 6d.

Sheep.—Extra heavy prime wethers made £2 5s to £2 7s; heavy prime wethers, £3 2s to £2 4s 9d; medium to heavy prime, £1 19s to £2 Is 9d; light to medium prime, £1 17s to £1 18s 9d; unfinished, £1 13s 6d to £1 16s 6d; extra heavy prime young- ewes, £1 14s 6d to £1 15s 6d; heavy prime ewes, £1 12s 6d to £1 14s 3d; lighter prime, £1 10s to £1 12s 3d; other killable ewes, £1 Ss to £1 9s 9d; other ewes, 13s to £1 6s.

Lambs.—Exti'a heavy prime lambs made £1 11s to £1 12s 6d; heavy prime, £1 Ss to £1 10s 6d; lighter prime, £1 6s to £1 7s Sd; light prime, £1 4s to £1 5s 9d; small and plain, £1 Is to £1 Ss 9d; small stores, 15s 9d to 17s.

Calves.—Runners made £3 5s to £4 14s; heavy vealers, £3 7s to £4 Ss; medium, £2 ISs to £3 ss; light, £1 14s to £2 16s; rough and plain, 10s to £1 4s; small and fresh dropped, 3s to 295.

Pig's.—Extra heavy choppers made £4 to £4 ISs; lighter, £2 iss to £3 10s; extra heavy prime baconers, up to £4 17s; heavy baconers, £4 9s to £4 13s; medium, £3 15s to £4 2s; light, £3 7s to £3 12s; heavy porkers, £2 17s to £3 4s; medium, £2 12s to £2 15s; light, £2 3s to £2 Ss; small and unfinished, £1 10s to £1 ISs. Stores sold at late quotations. Best made to £1 14s; smaller, £1 os to £1 9s; slips, 14s to £1; veaners, 10s to 16s.