STOCK MARKET REVIEW

Sun (Auckland), Volume II, Issue 422, 2 August 1928, Page 12

STOCK MARKET REVIEW

VALUES VERY FIRM CALVES SELL FREELY August 2, 9 a.m. Throughout the Dominion the market for fat cattle remains very firm with any movement upward. Values for fat sheep hold at late rates. Export buyers are now operating freely on the veal market, and small and fresh-dropped calves are selling at prices well above those ruling last year. One of the smallest yardings of beef seen at Westfield this season met with a market yesterday firm to slightly in advance of late rates. Very few lines of heavy prime cattle came forward, the bulk oi tne offering comprising light to medium weight cattle which were mostly fairly well finished and good buying from the average butcher’s point of view. Taylor Bros., Taupiri, topped the market with a line of 15 heavy prime steers which made to £lB 7s 6d, the top-priced lot going to Thos. Baster. Ponsonby. The quality of the cow and heifer offering was slightly better than last week’s, most lines being fairly well finished, but heavy prime big framed cattle were hard to locate. There was a very firm tone in the .market throughout. Extra choice ox beef made up to 38s and best young cow and heifer to 345. The firmness in the market was more apparent in the female section. Wethers Sell Freely The sheep market was slightly irregular and more bargains were to be picked up than at some recent sales. On the other hand, for the greater part of the sale, values were very thin, particularly for lighter weight sheep. The yarding comprised mostly well finished medium weight wethers and there were not the excessively heavy sheep seen at the last two sales. It was the biggest offering recorded for several weeks and included a number of big lines on account of individual vendors. One of the best quality sizeable lines came from the Opotiki district on account Mrs. M. Black. Comprising several pens of medium framed well dona wethers the line made to 465. The top-priced line of the day comprised a very even pen of 12 heavy prime wethers which went to A. W. Scotting, St. Heliers Bay, at 47s 6d. Bond and Jones, Te Kauwhata, had a very choice prime line of heavy weight wethers forward which went to W. Scott, Ltd., Devonport, at 455. A line of approximately 500 forward wethers, which on good feed should come away quickly, met wi#h keen competition and, on an actual weight basis, sold above the market at from 33s 6d to 35s 9d. Few heavy prime ewes were offered. One of the best lines of the day came from W. S. Nelson, Okaihau. The line, which comprised choice prime young sheep not particularly big framed, made 37s 6d. Lower Prices for Young Calves A very heavy yarding of calves kept the sale going until well on into the afternoon. A few lines of well-finished medium to heavy vealers sold readily at late rates. A heavy percentage of small and fresh-dropped calves, however, met with an easier market at values appreciably lower than last week. Even the buyers for export, who are operating at full capacity at the moment, were working on lower levels. Small calves that last week brought 11s, readily sold yesterday as low as 7s. There was a steady demand on the new levels, however. Store pigs met with a free sale at slightly advanced rates, but the demand for baconers was easier and a general decline was registered. Firm Market at Stortford Lodge At the weekly stock sale in the Stortford Lodge yards to-day there was a heavy yarding of fat cattle and a moderate yarding of sheep. There was only a small attendance of buyers. Prices for both sheep and cattle were on a par with previous week’s. Cows were dearer. Fat bullocks made £ll to £l3 10s; heavy prime, to £l6; fat cows made £8 to £10; extra prime, to £ll 10s; fat wethers, to 39s 3d; fat ewes, to 355; breeding ewes, to 33s 3d; fat hoggets, to 355; store wethers, to 365. The Addington Market At Addington yesterday heavier entries were recorded in the fat stock sections, but late rates were fully maintained. There was only a small entry of store sheep, and ewes made up to Is a head better, with hoggets and wethers firm at late rates. Extra good crossbred ewe hoggets made to 31s 2d; ordinary good crossbred ewe hoggets to 275; best four, six and eight-tooth halfbred ewes made to 395; good four, six and eight-tooth crossbred ewes to 33s 3d. There was an exceptionally heavy yarding of fat sheep and the market opened with little strength, but firmed up well over the final half. Extra fat wethers sold to 495; a few special, 53s to 58s 3d; prime heavy wethers. 43s to 465; extra prime ewes, to 44s 7d; prime ewes. 35s to 395. A yarding of 525 fat cattle came forward, a good showing of prime steers and cows being included. Light prime beef made to 47s per 1001 b, in a few cases: medium-weight prime, 42s to 455; heavy. 37s to 41s; best heifer, 40s to 43s Gd; best cow, 37s 6d to 41s 6d; ordinary quality heifer, 36s to 395; inferior, 30s to 355: extra heavy bullocks to £23 17s 6d; prime heavy steers, £l7 10s to £2O; prime medium-weight steers, £ls 10s to £l7 ss; medium steers, £l2 10s to £ls; light steers, £9 to £l2; extra prime heifers, to £ls 17s 6d; prime heifers, £l2 10s to £l4; ordinary heifers, £lO to £l2 ss; light heifers, £7 10s to £9 15s; extra prime cofs, £ls 12s 6d to £l9 2s 6d; prime cows, £ll 10s to £l3 10s; medium cows, £8 10s to £ll ss. There was a small entry of vealers and a good sale. Yearling to 18-months’ sorts sold to £lO 11s; good vealers, £7 to £8 10s; others, £3 15s to £6 15s. Fat Pigs.—Both porkers and baconers were slightly easier. Choppers made £2 to £7 18s 6d; baconers, £3 7s to £4 12s; extra heavy to £5 0s vaverage price a lb, 6d to 62d); porkers, 42s to 65s (average price a lb, 71d to Bsd). Prices at Westfield Prices at Westfield yesterday ranged as follow:—■ Cattle.—Extra heavy prime steers, £l7 to £lB 7s 6d; heavy prime steers, £ls 10s to £l6 17s 6d; lighter prime, £l3 IDs to £ls 7s 6d; light prime, £ll 10s to £l3 7s 6d; small and unfinished, £8 to £11; extra heavy prime young cows and heifers, £ll 15s to £l3 15s; heavy prime cows and heifers, £lO to £ll 12s 6d; lighter prime, £S to £9 17s 6d: other killable cows, £5 10s to £7 17s 6d. Sheep.—Extra heavy prime wethers made to 47s 6d; heavy prime, £2 to £2 4s; medium, 35s to 3Ss; light and unfinished, 28s to 335; heavy prime ewes, 3os to 37s 6d; medium, 30s to 34s 6d; light, from 275. Lambs.—Hoggets also met with a brisk sale at ruling values. Extra heavy prime lambs made £1 12s 6d to £1 14s 3d; heavy prime, £1 10s to £1 12s 3d; lighter prime, £1 7s to £1 9s 9d; light prime, £1 5s to £1 6s 9d; small stores, 12s to 16s 6d. Calves. —Runners made £3 18s to £6 ; 14s, for an extra choice runner from F. E. Lewis, Okaihau; heavy vealers, £3 14s to £4 9s; medium, £3 5s to £3 15s; light, £2 Is to £3 2s; rough and plain, 17s to 345; small and fresh-dropped, 7s to 335. BUTTER AND CHEESE Joseph Nathan and Co.. Ltd., report receipt of the following cable from their London principals, Messrs. Trengrouse and Nathan:—“Butter, market quiet at 182 s; cheese, firm at 1125.”

INDUSTRIES OF BRITAIN

FACTORIES AND WORKSHOPS British Official Wireless, RUGBY, Tuesday. The annual report on factories and workshops for the year 1927 shows that, although the numbers of both dropped from 121,861 to 117,066, a change in the relative proportion of factories and workshops has been going on now for many years. In the last 20 years factories have increased by almost 40 per cent., whereas workshops have fallen by 26 per cent. This fail has taken place in the dressmaking, tailoring, bootmaking, laundry and baking industries. It is not to be assumed that the total volume of these industries has fallen. The change is rather an indication that the small emploj r er tends to drop out of existence, and that mass production in highly organised establishments is steadily replacing the village and rural workshops. The increase in factories is specially noticeable in regard to hosiery, india-rubber and foodstuffs, including butter, cheese, condensed milk and margarine. Another feature to which the report calls attention is the tendency for industry to develop in and around London, and in the south-east of England. The industries represented are essentially of a miscellaneous character and afford employment to both sexes in about an equal degree, with a steady demand for the services of young people.

DISTRICT STOCK SALES AUCTIONEERS’ REPORTS Auctioneers report on district stock sales held during the past week as follow : Alfred Buckland and Sons, Ltd.: During the week we held sales at Westfield, Waiotira, Waitakaruru and Maungakaramea, also two clearing sales. Average yardings came forward and changed owers at ruling prices. Best dairy cows made £l4 to £lB 10s; extra, to £25; good cows, £1 010 s to £l3 10s! others, £6 10s to £9 10s; aged and inferior, £3 to £6; best springing heifers, £lO to £l4 10s; others £6 10s to £9 15s; small, backward, £4 10s to £6 7s 6d; empty young cows and heifers, £3 10s to £5; store cows, £2 to £3 7s 6d; heavy prime young cows and heifers, £7 10s to £ll ss; lighter cows and heifers, £5 5s to £7 7s 6d; boner cows, £2 10s to £5 15s; well-bred yearilng heifers, £3 15s to £5 10s; others, £2 10s to £3 12s 6d; cows with calves, £4 15s to £8 10s; grown steers, in forward condition, £8 5s to £9 10s; three to four-year-old steers, £6 10s to £7 17s; two to three-year-old steers, £4 15s to £6 ss; yearling to 18-month-old steers, £3 to £-1 12s 6d; best calves, £1 10s to £2 2s; smaller calves, £1 3s to £1 9s; small calves, 12s to £1 2s; heavy bulls, £6 10s to £8 Ss; sound young herd bulls, £6 6s to £l2 12s; other bulls, £2 to £5 10s. At Mr. C. W. Anderson’s sale at Tamaki House, JCohimarama, pedigree Shorthorn cows sold up to 25gns; heifers to 24gns; 1 bulls, to £l6 16s: largq white pigs, young sows, £8 8s to £l2 12s; boars, £ll 11s to 20gns; suckers, boars, 20gns to 26gns; sows, £ls 15s. The New Zealand Loan and Mercantile Agency Company, Ltd.: We held sales during the past week at Westfield, Papakura, Pukekohe, Kaukapakapa and Clevedon. We report average yardings and good sales, all classes of cattle selling readily at late values. We quote: Dairy cows and heifers, best, £lO to £l4 10s; others, £7 to £9 17s 6d; aged cows and inferior heifers, £3 to £6 10s; bulls. £2 10s to £9 10s; store cows, £2 10s to £4 7s 6d; boner cows, £3 10s to £5 ss; yearling heifers, best, £3 5s to £5 10s; others, £1 10s to £2 17s 6d; yearling to 18months steers, £3 to £4 12s 6d; 2 to 2?;year steers, £4 15s to £5 15s; 3 to 37,year steers, £6 to £6 17s 6d; 4 to 41year steers, £7 to £7 15s; grown steers, in forward condition, £8 to £8 15s. G. STEWART CRAIG, LTD. SATISFACTORY YEAR The annual meeting of G. Stewart Craig, Ltd., was held yesterday. Mr. G. S. Craig presided. The chairman reported that the company had had a very satisfactory year, and was now definitely established as the leading firm of company brokers in the Dominion. In the past year the total amount of capital and debenture issues successfully handled had been £185,000. The grand total of the business transacted in association with the present company and its predecessor during the last four years now approached £600,000. This had been possible only by its connections with active agents throughout New Zealand. It was satisfactory to note that nearly 90 per cent, of the investments handled had been returning interest and dividends to their clients. Reference was also made to the friendly relations existing between the company and members of the stock exchanges of New Zealand, the chairman stating that the annual disbursements in commission to the latter bodies ran well into four figures. The company had two large issues in view, and it was anticipated that the coming year would see the business considerably extended. Since no public capital is invested in the company, it was not considered necessary to publish the details of dividends and directors’ fees. PRODUCTION OF RUBBER British Official Wireless. RUGBY, Tuesday. It is officially announced that 60 per cent, of the standard production of rubber may be exported at the minimum rate of duty from Ceylon and Malaya for the quarter beginning August 1.