STOCK SALES

Press, Volume LXXXIII, Issue 25089, 22 January 1947, Page 8

STOCK SALES

TEMUKA “ The Press ” Special Service TIMARU, Jan. 21. All sections .were well represented at yesterday's stock sale, held at the Temuka yards. About 100 head of good butchers’ cattle met with an improved demand, and the sale was the best for some weeks. Store cattle sold,well, there being some good quality steers yarded. The fat lamb sale was a very keen one, but fat sheep were slightly easier compared with late rates. Store sheep met with a very keen demand. Sales were:— Fat> Cattle.—Fat steers: best, £l9 to £22 7s 6d; medium, £l7 to £lB 17s 6d: light, £l5 12s 6d to £l6 17s 6d. Fat heifers: best £l5 to £lB 17s 6d; medium, £l3 to £l4 17s 6d; light. £ll 2s 6d to £l2 17s 6d. Fat cows: best. £ll to £l4; medium, £9 to £lO 7s 6d; light, £7 to £8 17s 6d. Fat Sheep.—Fat wethers: best. 33s 4d to 36s lOd; medium, 31s 4d to 32s 7d; light. 29s lOd to 30s 7d. Fat ewes: best. 23s 4d to 26s 4d; medium, 19s lOd to 21s lOd; light. .15s lOd to 17s lOd. Fat Lambs.—Best, 31s 7d to 33s lOd; medium, 28s Id to 30s Id; light, 25s lOd to 27s 4d. Store Sheep.—Two-tooth ewes. 31s 6d to 33s 2d: two-tooth wethers, 29s 3d to 30s; four-tooth ewes, 31s 9d; rape lambs, 19s 61 to 24s 6d. Store Cattle.—Cows and runners. £l3 2s 6d; 18-months steers and heifers. £6 15s to £8 ss; empty cows, £6’7s 6d; hulls, £7 7s 6d; two and a half year steers, £l2 10s. TINWALD There was a small yarding at the Tinwa’.d stock sale yesterday, and prices were firm at late rates. Fat ewes sold up to 17s for light-weights to 19s 6d for medium grades, to 20s 6d for good quality, and to 23s 7d for prime heav? .quality. Fat wethers made up to 29s for lightweights, to 30s for medium grade, to 32s 6d for good quality, and to 37s Id for prime heavy quality. Fat lambs sold at prices ranging from 32s 7d up to 37s 4d: The Surrey Hills Estate sold 151 storelambs at 24s lOd, and 156 at 24s 3d. One bull realised £5, a heifer calf 30s, a fat heifer £ll 12s 6d, and two fat cows sold at £7 2s 6d and £7. RANGIORA Rape lambs at the weekly Rangiora stock market yesterday made from 20s to 23s 9d. There was a fair yarding. In the pig section, porkers brought from £3 to £3 18s 6d, and slips from 43s to 455. No cattle were yarded.. LORNEVILLE (P.A.) INVERCARGILL. Jan. U. Entries were fewer in most sections at the Lorneville sale to-day. There was a total ot 360 fat sheep compared with 735 last week. Wethers, which comprised the greater part of the yarding, improved by up to 5s a head. Good quality made 40s to ’43s; medium. 36s 6d to 395. Good quality ewes made 23s 6d to 275; medium. 21s to 22s 6d. A small entry of 113 good quality cattle made an improvement of £1 to £2 a head. Good quality heavy-weight bullocks made £24 10s to £27; medium-weights, £23 tr £24, handy-weights, £2O 10s to £22: light-weights, £l7 10s to £l9. Good quality cows made to £18: mediumweights, £l4 to £l6: aged and unfinished, £9 to £lO 10s. Heavy-weight heifers made to £2O; medium and handy-weights, £l5 10s to £l7: light-weights, £l3 to £l4. P. AND O. COMPANY’S PROGRAMME The P. and O. Company is building 71 new ships, at a cost of £5tg.39.000,000, the chairman (Sir William Currie) said at the annual meeting of shareholders in London. The new ships have already been either laid down or contracted for. Their total gross tonnage will be 481,000. The shipbuilding programme, he said, would be subject to expansion as deemed necessary with the development of overseas trade, and was quite apart from ships which, through age, would require replacement in the near future. Building had to be continuous, particularly at present, when war losses had to be made good. The feature of the consolidated balancesheet, he said, was the excess of current assets over liabilities, amounting to £5tg.49.000.000. The group position was extremely liquid; securities and other marketable stocks of constituent member! totalled more than £60.000,000. These large resources would be needed in their entirety, however, to restore the fleets of the various companies.