Stock Market Review

Sun (Auckland), Volume II, Issue 410, 19 July 1928, Page 14

Stock Market Review

BIG PRICES FOR WETHERS EXPORTERS BUYING BEEF JUNE, 19, 9 a.m. Values in all sections at Westfield yesterday held firm at late rates. Ihe market for sheep and cattle is particularly firm. A season’s record price was secured for heavy prime wethers on account of W. T. Duder, Maraetai. Exporters are operating with increased strength on the beef market, and this has had the effect of checking the slightly easier tendency noted last month. At Westfield yesterday exporters took an appreciable portion of the ox beef offering, working on a slightly higher schedule than at late sales. The quality of yesterday’s yarding was mixed. Several lines of exceptionally well-finished cattle came forward on account of well-known South Auckland graziers, including consignments from Messrs. Taylor Bros (Taupiri), B. Reed (Waerenga), W. Vosper (Cambridge), E. Allen (Cambridge) and Death Bros (Waitakaruru). M. Whitelaw, Whangarei, had a line forward, the tops of which were finished above the average standard Westfield buyers have come to expect from that quarter. Bay of Plenty offerings were limited, one line of solid boned well-finished young cows being the onlyline at all outstanding. The best quality yarding of cows came forward on account of James Taylor, Cambridge. This line topped the market in the section at £l2 17s 6d. Better Finish Wanted The fact that there is a decided tendency on the part of certain vendors to send forward to the Wednesday fat sale stock well below prime grade was particularly noticeable yesterday. Several lines of cows, especially, showed no finish, and, even as boners,- would have offered little attraction. Such lines hold up the sale for buyers seeking quality beef for the local trade. To a lesser extent the same remarks could be applied to the mutton and veal sections. In both these sections there seems always to be a large percentage of “border line’’ lots forward. Mostly, too, they are in small lots, and thus further helping to hold up the sale of the prime grades. Wethers Make to 55s The offering of sheep yesterday was mixed. While some of the heaviest sheep seen this season came forward, light to medium prime sheep predominated. The top price of the season was secured for a pen of fine and exceptionally heavy prime big-framed Romney cross wethers on account of W. T. Duder, Maraetai. The line went to the Auckland Meat Company. Choice quality medium weight wethers met with keen competition at from 40s 3d to 42s 6d.

Well-finished choice quality lines of butchers’ ewe| were hard to locate. The biggest percentage of the offering of

this clas of mutton was indifferently finished with most lines showing age. Good Calves Sell Freely Poorly finished and small calves predominated in the veal pens. Good quality calves, however, met with a keen demand and sold at values firm at late raves. % Very firm values were recorded for pigs, which were in short supply. Baconers made up to 98s and porkers to 88s. Stores sold at late rates. The Addington Market Entries at Addington yesterday were about average in the sheep sections, but there was again a heavy entry of cattle. Store sheep were inclined to be slackei*. There was a small attendance of buyers. Extra good half bred ewe hoggets made to 34s lOd; medium to good half bred ewe hoggets, to 245; good halfbred wether hoggets, 22s 7d to 24s 7d; good four, six and eight-tooth three-quarterbred ewes, to 33s 9d; good four, six and eight-too tiled halfbred ewes, to 335; low-conditioned four, six and eight-tooth halfbred ewes, to 23s 3d; extra good two and four-tooth Romney ewes, to 41s. * There was a slightly smaller entry of fat sheep, and prices were a shade easier. The animals were of fair quality, with some outstanding drafts. Extra prime wethers made to 49s 7d; prime heavy wethers, 41s to 445; prime wethers, 38s 6d to 40s 6d; medium wethers, 34s fid to 38s; light wethers, 30s to 345; extra prime ewes, 39s to 44s lOd; prime ewes, 33s to 38s; medium ewes, 29s 6d to 32s fid; light ewes, 27s to 295; aged ewes, 25s to 26s 6d. A heavy entry of 620 head of medium to indifferent quality fat cattle came forward. A good sale throughout, with little difference from last week, although prices were more uniform. Best beef made to 435; prime, 38s to 41s fid; medium, 34s 6d to 37s fid; heavy, 34s fid to 37s fid; best heifers, to 395; best cows, 34s to 37s fid; secondary, 30s to 335; rough, down to 2fis per 1001 b. Prices at Westfield Prices at Westfield yesterday ranged as follow: — Cattle: Heavy prime steers, £l4 to £l6 7s 6d; medium, £l2 10s to £l3 17s 6d; light prime, £ll to £l2 7s Gd; small and unfinished, £S to £lO 15s; extra heavy prime young cows and heifers, £lO 10s to £l2 17s fid; heavy prime cows and heifers, £9 to £lO 7s 6d; lighter prime, £7 10s to £8 17s fid; other killable cows, £4 10s to £7 7s 6d. Sheep: Extra heavy prime wethers made £2 10s to £2 15s; heavy prime, £2 to £2 4s fid; medium prime, £1 17s to £1 IDs 9d; light prime, £1 14s to £1 16s 9d; small and unfinished, £1 7s to £1 13s 6d; heavy prime ewes, £1 11s to £1 15s; medium prime, £1 9s to £1 10s 6d; light prime, £1 6s fid to £1 Ss 6d; interiorly fatted, 15s to £1 3s 6d. Lambs: Heavy prime made £1 7s fid to £1 13s 6d; medium prime, £1 5s to £1 7s; light prime, £1 2s 6d to £1 4s 6d; unfinished, 15s to £l. Calves: Runners made £4 10s to £6 15s; heavy vealers, £4 19s to £5 9s; medium, £4 8s to £4 17s; light, £3 10s to £4 ss; smaller, £2 18s to £3 Ss; small and. fresh-dropped. 7s to £2 16s; rough calves, £1 5s to £2 ss. Pigs: Choppers made £2 10s to £3 15s, no extra heavy being penned; extra heavy prime baconers, £5 Is, for pigs fattened by Mr. Jonathan Shaw, Mount Roskill; heavy baconers, £4 10s to £4 15s; medium, £3 16s. LONDON TALLOW VALUES Dalgety and Company, Limited, report having received the following cablegram from London, dated July 18:—Tallow: 694 casks offered and 40 per cent. sold. Prices are unchanged. The Bank of New Zealand has received the following advice from London, under i date July 18:—Tallow: There is a fair demand at unchanged prices. MINING NEWS OCCIDENTAL-UNA. —-The drive on the Loyalty reef going east has been driven through the fault 4ft. The reef still maintains its size and looks well, colours of gold being seen in the ore broken through the fault. The drive on the Loyalty reef going west has been extended a further sft, in good country, with water making in the face. This is indication of the reef making one solid body of quartz as the drive advances. AUCTION NOTES

William A. Horne, Ltd., will offer by auction at their auction rooms, Horne s Buildings, corner of High Street and Vulcan Lane, to-morrow, Friday, July 20, at 1 p.m., on behalf of the first mortgagee, a bungalow of four rooms and conveniences on section 38.4 peix-hes, situated Moata Road ,One Tree Hill. This property is only two njinutes to buses and handy to trams. Also, on behalf of the first mortgagee, a dwelling of four rooms and conveniences on section 20i perches, situated Tutanekai Street, Grey Lynn.

Cows in the herd Name 1 to 20 Macky, J. la. 21 to 30 Phillips, F. O. R. 31 to 50 Clark, J. la. 51 to Nicholson, J., Senr. 76 to 100 Candy, R. A. over 100 Koch. R.