COMMERCIAL

Gisborne Times, Volume XXIX, Issue 3205, 28 April 1911, Page 2

COMMERCIAL

MATAWHERO STOCK SALE

Tlie attendance at the Matawhero stock sale held at the Matawhero saleyards yesterday was well up to the average, and most lines offered were disposed of. The total yarding of the five firms operating was about 12,000 sheep and 700 cattle. The popular impression among farmers was that while the sheep, market had brightened a little, cattle prices were a little weaker than at the last sale. The sales were as follows : FAT SHEEP. The yarding in this class was small, and bidding was consequently brisk, and the. lines brought forward were readily disposed of. No wethers were offered, and the highest price obtained for ewes was 11s Id, at which figure a line of 35 was sold. Other sales were as follows:—ss ewes 10s 2d, 14 ewes 9s, 56 ewes 9s Id, 33 ewes 10s, 108 ewes 10s od, 10 ewes 10s 9d, and 26 ewes, sold on account of Mr. J. Poynter, 11s. STORE SHEEP. As a number of farmers are just now stocking up their places a great deal of interest centred on the sale of store sheep. Wethers, on account of the large entry and the absence of buyers, were a little easier. Other lines maintained their former prices well, there being onlv a very small number of culls submitted. Wethers sold as high as 12s 9d, this price being obtained for a fine line of 293 sold on account of Mr. R. H. Oldfield. Another line of 514, offered on account of Mr. J. Todd, was bought by Mr. T. Mulcaster at 12s 3d, while a further line of 279 wethers from Mr. W. T. Yeitch’s station realised 12s Id. Other prices at this stage 'were as follows :—154 ewes 8s 7d, 109 ewes 7s Bd, 500 ewes 3s 9d, 439 ewes 9s Bd, 202 wethers 11s 9d. In Messrs. Williams and Kettle’s and the New Zealand Loan and Mercantile Agency Co.’s section of the yards, the highest prices obtained were:—Wethers 12s, ewes 12s Id, and lambs 8s 9d. The only pen of hoggets submitted, 153 in all, realised Bs. Prices were as follows :—95 lambs started at Bs, and sold at 8s 9d, 70 forward ewes were bought by Messrs. F. and D. McKenzie at 9s Id, 115 empty ewes 6s 3d, 123 4,6, and 8 tooth ewes in lamb were bought by Mr. T. Morris at 9s 2d, 130 empty ewes Bs, 56 empty 2-tooth ewes 8s 9d, 44 lambs 6s lid, 77 ewes 3s 2d, 103 2tooth wethers started at 10s and sold at 12s to Messrs. F. and I). McKenzie, 51 2,4, and 6 tooth wethers 8s Id, 92 ewes in lamb 3s 6d. A line of 180 lambs, which the Stock Inspector had ordered to be dipped before leaving the yards, started at ss, and sold at 7s 3d to Mr. Von Pein. One hundred ewes m.lamb were bought by Mr. R. de Lautour at 7s Id, while a line of 95 2 and 4 tooth wethers, sold on account of Mr. Carron, started at 10s and sold at Lis Id. A splendid line of 559 ewes were offered with the option of a run out, and the first 150 brought 7s 7d, while the balance realised 7s 6d. A line of 133 lambs reached 9s 3d, but were passed in, the reserve being 9s 9d; while another lot of 193 passed in at 10s; while 176 2,4, 6, and S tooth ewes elicited no bid. Mr. J. Russell bought a line of 42 2-tooth wethers at 12s, and Mr. Strachan secured 269 lambs at 8s 9d. Other sales were as follows: —26B ewes 6s 6d, 30 fat and forward ewes 10s, 585 ewes ss, 220 ewes 4s 6d, 344 2-tooth wethers 12s Bd, 489 4 and 5 year old ewes Bs, 34 wethers 10s 9d, 48 wethers 11s 2d, 14 wethers 11s, 195 fat and forward ewes 7s 9d, 227 2,4, and 6 tooth ewes in lamb 7s, 129 forward wethers 11s 3d, 498 2 and 4 tooth wethers 11s 9d. FAT CATTLE.

The entry was somewhat small, all lines offering being sold at satisfactory prices. The following were the- sales: —1 bullock £7 10s, 2 bullocks £7, 2 bullocks £6 15s, 2 coirs £5, 4 cows £4. 1 heifer £4 12s 6d.

STORE CATTLE. In this section of the sale bidding was more dispirited than at the last sale, and quite a number of. pens of full-grown cattle were passed in. \ oung stock, particularly steers, however, sold somewhat better. A pen of 44 forward bullocks was passed in at £6, and this was the highest price offered for store cattle throughout, the day. Mr T. Halbert bought 46 heifers at £3 15s, 16 steers and 4 heifers at £3 12s 6d, and 12 steers at £3 17s. Mr W. A. Russell secured a line of 7 heifers and 14 steors bred by Captain Tombleson, at £2 9s. The following were the most important of the other sales :—33 heifers £3 IDs, 39 steers £4 ss, 10 forward bullocks £5 2s 6d, 6 forward cows £4 3s 6d, 4 bullocks £5 10s, 12 dairy heifers £3 7s Gd, 5 steer calves £l. ss, 10 yearlings £2 4s 6:1, 12 steers £3 15s, 18 bullocks £6, 2 steers £5, 16 steers £5 7s 6d, 26 steers £5 7s 6d. 12 steers £3 11s, 27 steers £2 13s. 14 steers £2 4 S Id, 9 cows £3 10s, and 4 cows £3 2s 6d. PIGS. Pigs sold at the following prices:—s weaners 5s 6d, 4 weaners 7s 9d, 8 small pigs Bs, 6 porkers 10s, 3 porkers 17s, 5 small pigs 7s, 9 small pigs 6.s Gd, I barrow 16s. THE WOOL MARKET. Messrs Williams and Kettle, Ltd., have received the following wool report, dated March lltli, from their London agents:— The second series of colonial wool sales for the current wear commenced on the 14th inst., with a large and representative attendance of buyers, including several from America. On the opening night three catalogues were brought forward, comprising 9055 halos, merino being but- sparingly offered. Crossbreds, however, were well represented, more than half the offering, viz. 5759 bales, comprised New Zealand descriptions. Competition was very general and marked by considerable spirit, whilst prices' of merino descriptions, both scoured and greasy, fully maintained' values ruling at the end of the January series, with a hardening tendency. In "the case of crossbreds, the finer as well as the coarser kinds sold readily at previous ruling values, but a. little irregularity was noticed for medium qualities. Crossbred lambs were exceptionally good and often Id to Id per lb dearer. During tlie interval between the series the somewhat pessimistic tone which was apparent earlier has given way to one of quiet confidence, and the general feeling now prevails that there is not to be any slump in wool, but that a- steady to slightly hardening tendency is likely to be experienced during the remainder of the year. With regard to the American position now that it seems fairly certain that the question of any revision of the tariff cannot possibly take place before the end of the year, and that any change then would not he operative until tlie middle of 1912, the feeling is that the trade will as far as possible abstain from buying, and at the best will only purchase sparingly and to coyer pressing requirements as they arise. The result of the opening is satisfactory. especially when taking into consideration the very, large quantity of wool available, although in this connection, from general information received, it would appear that a considerable quantity will be held over for future realisation.

LONDON TALLOW SALES

.United press association -copyright..) LONDON, April 26. At tlie tallow sales 1092 casks were offered and 984 sold. Mutton, fine, brought 365, medium 33s 6d; beef, fine, 34s fid medium 335.