STOCK MARKET FIRM

Sun (Auckland), Volume IV, Issue 996, 12 June 1930, Page 13

STOCK MARKET FIRM

WESTFIELD REVIEWED BEEF SELLING FREELY BY R.W.C. The usual increased winter demand for meat has now come in to check the downward tendency of fat stock prices noticed up to a week or so ago.. Good quality fat stock meets with a steady demand in the principal stock-sell ing centres of the Dominion at the moment. At Westfield yesterday a yarding of approximately 700 head of fat cattle met with a ready sale; prices tended to be erratic, especially on lines of indifferently finished cattle, but all good young beef sold freely at prices iittlo different from those of last week. The quality of the ox beef entry was good, well finished lines of medium weight cattle coming from as far afield as Taneatua in the Bay of Plenty. Tlie cow and heifer offering did not show the samo quality and, apart from a truck of extra choice young cows and heifers on account G. 1-teed, Waerenga. which averaged £ll, was made up mostly of indifferently finished dairy sorts. Well finished station heifers always meet with very keen competition at Westfield. Best ox beef made up to 3Ss a hundred: best young cow and heifer to 33s Gd; heavy prime steers made to £ls 10s; medium, £ll 30s to £l3 ss; light and small, from £8; extra choice heavy prime young cows and heifers to £l2 12s Gd; heavy prime, £8 17s Gd to £lO ss; medium, £6 17s 6d to £S 10s; light and small, £5 5s to £G 10s; unfinished and old, from £3 10s. Calves sold readily at the start of the sale, but competition eased toward the close, and prices fell proportionately. Top price in the section was received for a runner which changed hands at £7 7s Gd: ordinary good quality runners made to £5 14s; heavy vealers, to £ 4 ss; medium, from 45s to 68s. Keen Sale of Sheep Sheep met with a very keen demand and prices for well finished lines were on a par to slightly above late rates. The quality of the offering was mixed, but there were several lines of very choice prime sheep forward. The highest price for a sizeable line of ewes paid in the yards for many months was secured for a line of 4, G and S-tooth ewes sold on account of a local vendor. Hxtra heavy prime big-framed wethers made to 31s 6d; heavy prime, 26s 9d to 28s 9dV medium, 23s 6d to 26s 3d; light and unfinished, from 20s 6d; extra heavy prime young ewe? made to 25s 9d; heavy prime, 18s to 21s; medium, 14s to 17s. Hoggets sold freely at up to 26s Gd for a small pen of extra prime sorts. A small yarding of pigs met with a very firm market, prices showing, if anything, a slight improvement on last week. Porkers made around 6Jd to 7d a lb; baconers averaged s£d a lb; extra heavy sorts making up to £4 4s. Stores sold readily at up to 325; weaners made from 9s to 17s. Stortford Lodge Sale At Stortford Lodge (Hastings) sale yesterday, there was a fair yarding of cattle, mostly fats. Fat bullocks made £lO 2s 6d to £l4 2s, equivalent to 30s a hundred. Cows, £G to £10; weaner steers and heifers, £ 3 Bs. Fat ewes made 13s to 18s lOd; wethers, 22s 4d to 23s 6d; lambs, 17s: forward wethers, 17s to 20s: woolley wether lambs 11 s 7d; woolley ewe lambs, 13s to 20s Johnsonville Market

Owing to the very wet day, there was a smaller attendance at the Johnsonville sale yesterday. A large yarding of good quality cattle, comprising mostly bullocks, met with a ready sale, prices showing no alteration as compared v/ith late rates. A few pens of cows and heifers met with keen competition. The quality of the sheep offered was better than it has been for the last few "weeks. Wether prices showed a slight decline on last week’s rates, but ewes were firm to the extent of Is. The demand for lambs has slackened off, and in spite of a reduced yarding lambs were dull of sale. Prime heavy bullocks, £l2 30s to £ls 30s; bullocks, £l3 to £l4 7s 6d; light bullocks, £l2 to £l2 10s; heavy cows, £lO to £lO 7s 6d; cows, £6 12s 6d to £8 17s 6d; heifers, £5 17s 6d; heavy wethers, 29s to 30s 9d; medium wethers, 27s to 28s 3d; light wethers, 25s to 265; heavy ewes, 17s lid to 20s: lambs, 16s to 22s Bd. Sheep Easier At Addington Chief features of the weekly market at. Addington yesterday were easing:* in values for both fat sheep and fat lambs. In both departments the entry was a heavier one than at the last market. In the case of light lambs the* decline was most noticeable, and in cases was up to 2s a head on last week’s rates. The average decline over the whole sale was Is a head. An oversupply of fat sheep caused an easing of Is a head for wethers and Is to Is Od a head for ewes. In spite of the heavy entry of fat cattle the sale was steady for any lines showing quality and last week’s values were fully maintained. Prime lambs made 24s 6d to 275: extra prime wethers made to 34s lOd: ordinary prime, 27s to 30s; prime ewes. 20s to 235. Best handy-weight steer and heifer beef made from 40s to 44s a 1001 b; best heavy-weight steers from 35s to to 38s 6d; medium quality beef, from 34s to 3Gs 6d; good co\#;, 32s 6d to 34s Gd; secondary, to 325; rough, down to 25s Values were: Extra prime heavy steers, to £2l 17s 6d; prime havy steers, £ls 15s to £lB 10s; prime medium-weight steers, £32 5s to £ls 10s: medium quality steers, £9 10s to £l2; light steers, £7 to £9; show heifer, £l7 2s 6d; extra prime heifers, to £l4 12s 6d: prime heifers, £lO to £l3: medium heifers, £7 15s to £9 15s; light heifers, £6 to £7 10s; show cow, £ls 12s 6d; extra prime cows, to £ls 12s Gd: prime cows, £9 15s to £l2 ss; medium cows, £7 5s to £9 10s; light and aged, £5 to £7. There was a small entry of both classes of fat pigs and prices were a little firmer Values were; Choppers, £3 18s 6d to £6 13s 6d; porkers, 45s to £3 Ss 6d; average price a lb, 7£d to Sd; baconers. £3 12s 6d to £5; average price a lb, 6Jd to 7d. BREAK ON NEW YORK Reed. 10.15 a.m. NEW YORK, Wed. A severe break, which was partly attributed to yesterday’s break on the London Exchange, sent stocks off over four billion dollars, until immediately before the close, when slight recoveries appeared. The increases, however, were unimportant. The New York market broke on Monday, recovered on Tuesday and dropped in all issues today. Industrials sold off sharply, steel hitting the new lowlevel of 160. Losses ranged up to 20 points. Little support was demonstrated and the demand was particularly small. It is indicated that the tariff situation is not helpful.