LIVE STOCK MARKET.

Wairarapa Daily Times, Volume VIII, Issue 2230, 26 February 1886, Page 2

LIVE STOCK MARKET.

Messrs H. Matsoi) and Co. Christohuroh. i report on the live,stock Markets, &o, v fo? i the week ending Thursday, Febfwyik i as follows. Tf j The supply of stook soiafc forward for | 3'eßterday*B AdcJipgtpn sale, though not i largo, proyefl moro than sufficient to meet ' the Vjirious requirements of the day, ! Notwithstanding the fact that pricea of ! of lato havp receded to such an extant, i.e., in sheep, that we might, reasonably 1 hope the lowest stage of the present notion and depression had Been reached j yet the result of yesterday's.' auction, however, exhibited a state of trade worse, perhaps, than anything it h.as been our painful duty to .chronicle of lato, and thii in faco of just a moderate entry of stock onlv. It is of. course an unpleasant but forcible reminder of the" law of supply and demand," Or more correctly stated, ,( avoMupplynnd inadequate demand," intensified in the present case by tha pecularly dry. season through wltich we havp just passed, whereby " owlws" ara compelled not-only to quit their ordinary surplus stock at this season of the year, : but also a very large proportion of what may be termed their standing flocks and herds. To oope with this supply, we , «' have the demand at the lowest possible * ebb, inasmuch as in fat stock thesW none but the .local trade operating, tho want of shipping accommodation prevent' in? being taken of thia outlet by producers generally, for relief; of our over-atooKed, markets,' By thia we do, nob tu Bay that tho f rD ?|B ifteat txaqo is not being vigorously . GftOtW <to,;.btit most of the available i. space having honn secured by large share- ■ holders—for the time being—who contribute direct from their estates, there are .■ few, if any, purchases made for thia trade in tho open market. _ The boiling-down - vat, which on previous occasions has stood us in good stead, is now practically unavailable, as a means of relief owing tq tho exceptionally low rates current for. tallow in the Home market. tW as local buyers are, to absorb, ' to hand, and ijliis. supply CQnsidei> ably_ in pxc.esa, of the very moderate -.' I'tpremonta, the result may be as easily conceived as desoribed. Withouiwishing to pourtray the darkest side offttquostion, we must injustice say thaTyesterday's manimated in all its branches, a consider- . able portion of but a inoderato entrv of fat sheep going out unsold, the vadnus lots sold, changing hands at still reduced values. As laßt week merino wethers represented a good sham af- & day's numbers, and whjty a fow of the best sold fairly '\vsll ii) oomparißon with croß9-hreds, viz,,' up to 7s for the Balmoral wethers, light and medium weights filiating hands at from 3s upwards, In cross-breds a draft of first-class wethers were placed at as high as 10s lid to 10b 9d per head, but this is an exceptional case, 7s Cd to 8s Gd being current rates; owes! 4s to .7s. A fev; of t(\9, oJ?oicosi-, lines.- of cross-bred ye.ther mutton , j Bold; -Hp to per.'" lb,' Wt 'th|-'' averjm quotation, 'including, mprino'sj •, . tiikon at below this -figure. In store;. eomparitively c'iitry was chiefly made up of latuba,aged;oiyes, ic., for which it, i?. 'needles* to say that a d\\ll was For the flass of sheep offering, this remark scarcely represents the/noßition,. ■. since for,some of the lots it vM almost .; impossible ta get an offer of any find. To ■ ■. ■■ . sea cross-bred lambs, inforior though they! ■■■■•: may have been, sold at 2s to 2sld ptt head, and aged oross-bred ewea at Is od} .i ■! Is a very sudden and alarming from two years since; and yet it yrtiJfc'T''' painful duty to dispose of stock at trite ratea-yesterday, and in one or two instances, in tho case of the worst culls, at even less,.; We may say that we also noticed the Bale of a very nice line of young cronj. bred ewes, in fresh condition,, jtufis'. ,• theso being the principal sales' sheep during tho day. k v fafc''ktas ' thoro m ii l.rvrao entg;'(pf which' tow# Other line* during the day, viz,., 5a to 0s for the best' inferior to njedium JJa to 4s. od. In beef there is ve?v little alteration to note from last week; the entry being j üßt a modorota' ono,whioh moved off slowly at from" 17b to 18s 6d perlOOlbs, acbordiiig to quality'' In Btore cattle there was very little doiiig • a medium-entry 'only being penned,'ol ' which but few were eoM; penned iti large niji^ra,-blp.se ' all sorts i\ud sizes beliig"Wrßefflr .toS l ' ■pre, {ew. foyer* presli ajid'!* My' considerable dtop, took'pWce;frpni the tvj[o (Zg, same'may really beealdof ' but the smallor sizes suffered most Stiff suitable for stubbling sold at from 6nS ,l&|wean«B,.Mo to