STOCK MARKETS.

Taranaki Central Press, Volume IV, Issue 371, 27 February 1937, Page 6

STOCK MARKETS.

QUIET TRADING WEEK. Disruption In Business Owing To Rain. Although the heavy rains experienced 1 during the week occasioned some disruption so far as the livestock. business is concerned, the happening has ensured a plenitude of succulent feed for at least the l/est part of the autumn, and some assistance to the live-stock market majy re l suit, states the weekly report of Messrs Newton King, Ltd. Reviewing conditions generally, there is evidence that some doubt has been established as to the soundness of recent high price levels, and the timidity that is now being displayed regarding most branches has resulted in a quieter week of trading, the reaction of which has been for values to display an easing tendency; however, peak values have to be encountered sooner or later, and to-day’s trend should not, therefore, occasion alarm. Sheep. Regarding the sheep section, it is general at this period, for valueu for ewes to display an easing tendency. This season has proved no exception and the demand for ewes to-day suggests that most requirements have been and values at i most sale centres reflect a receding I tendency on earlier rates, not so much I with regard to lambs and good young ‘ ewes as with aged sorts, which up to a fortnight ago were selling somewhat out of relation with values ruling for young sheep. The easing in export schedule for fat wethers approximately Is a head has quiet- | ened the keenness for stores* and this | class is now not so readily sold. On the other hand the schedule for lamb I is unchanged and as a result, good ' store and rape sorts continue to find good favour. Station Cattle. > Evidence of the receding in station ; cattle values was displayed at the • special sale of station cattle held by our agency at Kohuratahi on Tuesday last when over a thousand head of all classes was penned. Well-bred ; Poled Angus cattle met reasonably good competition but icoarse-bred rougher tforts were dull of sale;, and values for these showed greatest eas°

ing. Although passings l were frequent the greater percentage of the yard ing was cleared after the sale. Pigs.

In the pig section weaners and slips continue to be difficult to dispose of. but! large stores in good cfmdiition hold their ground reasonably well. A smaller yarding than usual Was sub milted at the New Plymouth Hay market sale on Friday, but 1 weanei! again suffered a reversal and realisations were slightly easier on last week’s rates'. Porkers made to £2 Is, lighter 23s to 375. Good-condi tioned stores 27s 6d to 30a. ’ Smaller sorts 19s to 22s 6d. Choice weaners 9s 6d. Good Gt' to 7s. Others 4s to ss.