FRANKTON STOCK SALE

Sun (Auckland), Volume III, Issue 759, 4 September 1929, Page 10

FRANKTON STOCK SALE

BEEF MARKET FIRM (From Our Own Correspondent) HAMILTON, Tuesday. There was a satisfactory yarding of all lines of stock at the Frank ton sale today. Beef sold at very firm rates. Reports by auctioneers are:— Dalgcty and Company, Limited.—A good average yarding of beef came forward. Store cattle were yarded in usual numbers and sold under keen competition. There was an average yarding of fat sheep, prices being on a par with last week's rates. Only a small number of store sheep was yarded and prices were easier. There was a full yarding of pigs, which sold at late rates. Light fat bullocks sold up to £l4; heavy prime fat cows, £l4 10s to £ls 17s; prime fat cows, £l2 12s 6d to £l3 10s; light prime cows, £ll 10s to £l2 7s 6d; prime fat heifers, £l2 12s Gd to £l3 2s; best vealers, £3 19s; others, £2 15s to £3 10s; small, 30s to 355. iStore cattle: A pen of poor conditioned store cattle made £6 15s; young cows and heifers, £5 2s to £5 3s; boner cows, £4; yearling steers, £4 11s to £6 4s; mixed sex yearlings, £3 13s; yearling Jersey-cross heifers, £5 Is to £5 9s. Sheep: Prime fat wethers, to 38s 6d; fat ewes, 30s; small mixed sex hoggets, £1 3s 9d to £1 6s 4d; small black-fac-c hoggets, £1 Is lid. Pigs: Heavy baconers, £3 ISs to £4 ISs; medium baconers, £3 9s to £3 14s; large porkers, £2 12s to £3 3s; small porkers, £2 to £2 Ss; large stores, £2 4s to £2 10s; others, £1 13s to £1 17s: slips, £1 5s to £1 9s; weaners, ISs to £ l Ss.

The Farmers’ Auctioneering Company, Limited.—We had a good yarding of fat cattle. There was keen competition for all classes of good-quality beef and the whole yarding was cleared at late rates. Sheep and store cattle were penned in average numbers and also met with competition. All classes of pigs sold readily at slightly increased prices, with the exception of porkers. Prices are:—Beef: Heavy prime fat bullocks, £l6 11s to £IS Ss: prime fat heifers and young cows, £l3 4s to £l6 12s Cd; a particularly good young cow sold by Mr. R. Speake, of Kaipaki. brought £1.6 12s 6d, and it and two others from the same vendor at £ls Ss were purchased by Bradley Brothers, of Tc Kuiti; other fat cows, £.lO 12s 6d to £l2 15s; medium fat cows, £8 7s Gd to £9 355; light, £7 5s to £S ss; forward, £6 to £6 19s; stores, £4 Is to £5 12s 6d; a choice line of 40 21 to 3-year Shorthorn steers sold at £9 15s to £lO 9s. Sheep: Prime fat wethers, £2 3s; fat ewes, £1 7s 9d. Pigs: Heavy baconers, £4 5s to £4 13s; medium, £3 15s to £4; light, £3 7s to £3 3 2s: heavy porkers, £2 35s to £3 3s; medium and light, £2 Ss to £2 12s: good stores, £3 to £2 3 0s; slips. 26s to 345; weaners, 16s to 275. Baconers sold at equal to 7id a lb, and porkers at Gd to GJd.

The New Zealand Loan and Mercantile Agency Company, Limited, quote.— Beef: Good fat bullocks, £IS 5s to £l9 15s; good fat cows, £ll to £l2 10s; lighter cows, £S 5s to £lO. Sheep: Fat wethers, 36s 6d to 41s; fat ewes, 245. Pigs: Baconers, £3 to £3 13s; porkers, £2 11s to £2 17s.

POTATO MARKET DECLINING

POSITION IN CANTERBURY Press Association CHRISTCHURCH, Tuesday. A further decline of nearly 20s a ton has occurred in the potato market. The value today c>f September delivery was £7 15s a ton, f.0.b., s.i. On Friday it was £S 12s Gd. and a week ago £lO. Potatoes for prompt delivery have been sold at £7 5s a ton. Values to farmers are £6 on trucks, a drop of £2 a ton on a week ago. The quality of potatoes shipped North by the last three boats, the Waipiata, Kawatiri and Wingatui, has driven all parts of the. North Island off the market. The total from all ports comprised 35,586 sacks, and it is possible that this quantity will suffice Auckland until the commencement of next month. The readiness with which potatoes have come forward raises doubts as to the correctness of the statistical position published recently. More light on this aspect will be provided when the September deliveries are dealt with. The quantity at Lyttelton after the departure of Friday’s boats was about 5,000 sacks. The Katoa is booked to leave for Auckland at the end of this week and the Kurow early next week. B grade Carton oats are firm and have been sold at 3s 7d, f.0.b., s.i. The North Island is inquiring, and there is a scarcity of spot oats. Chaff is not in much request. It is worth £4 5s to £4 10s on trucks.

CHEESE QUALITY

CONTAMINATION ON THE FARM (From Our Own Correspondent) MORRINSVILLE, Tuesday. Factors contributing to the quality of New Zealand cheese and methods of improving the grade on tho markets abroad were dealt with in an interesting address by the chairman, Mr. S. Ferguson, at the annual meeting of the Norfolk (Motumaoho) Dairy Company this week. Mr. Ferguson said it had to be admitted that New Zealand cheese was not as good as it might be. A number of factories had been concentrating on a bigger payout by obtaining a bigger yield, and by so doing had neglected quality. They defeated the object owing to the output bringing lower prices. However, a premium for finest quality was being established so that the factories which concentrated on quality would eventually come out on top. The principal complaints were that cheese lacked maturity in the early make, and had a tendency to crack and fall to pieces when cut. The general opinion was tli3t the defects were accentuated by the milk being contaminated on the farm by certain bacteria that developed through milking machine and cans not being sufficiently sterilised.

MARGARINE COMBINE

HUGE CAPITAL INVOLVED (Australian and N.Z. Press Association) LONDON, Monday. For some time past there have been heavy dealings in the shares of the Margarine Union. They have risen this year from 70s to 126 s on rumours of an amalgamation. Now it is announced that a provisional agreement has been signed for an amalgamation of the share capital of the Margarine Union, with which is associated the N. V. Margarine Union, and tho ordinary share capital of Lever Brothers on a basis of equal status. This involves a capital of £154,000,000 at the present market price. The Margarine Union includes Van Denbergs, the Home and Colonial, and other dairy companies. The margarine combine has long desired a direct interest in West Africa. It is presumed that in future Levers will deal in soap exclusively and the combine will confine its attention to margarine, though its chain of retail shops may be of assistance to Levers. LONDON MARKET REPORTS (Australian and N.Z. Press Association J LONDON, Monday. Tallow in stock, 2,809 casks: imports, 1,409 casks; deliveries, 942 casks. TIN Tin.—Visible, 25.578 “ tons; spot, 998; afloat. 1,895; deliveries, 1,977. BRADFORD TOPS On the Bradford tops market today there was a good attendance and a fair tone prevailed. Spinners were extremely hesitant. QUOTATIONS FOR METALS (Quotations on August 29 in parentheses ) Copper.—Spot, £75 3s 9d (£73 ISs 9d); three months, £75 ISs 9d (£74 15s 7£d) Electrolytic Copper.—Spot, £B4 ss”(£S4 10s); three months, £B4 15s (£S4 15s). Wire Bars.— £B4 15s (£S4 15s). Lead.—Spot, £23 11s 3d (£23 8s 9d);J three months, £23 7s Gd (£23 11s 3d). Spelter.—Spot. £24 Is 3d (£24 16s l'OJd), three months, £24 15s (£25 2s 6d). Tin.—Spot. £206 7s 6d (£2OS): three months, £2lO 7s 6d (£212 Is 3d). Silver. —Standard, 24 3-I6d (24 5-16 d an oz; fine, 26 i-Sd (26^d),