AUCTION SALES

Dominion, Volume 23, Issue 32, 1 November 1929, Page 14

AUCTION SALES

TO-DAY. Woolworth's Buildings. 1.30 p.m.—Sale of household furniture (Silverstone and Co.)' 91 Dixon Street, 1.30 p.m.—Sale of household furniture (C. W. Price and Co.) 98 Manners Street, 2 p.m.—Sale of household furniture Ramsey Wilson and Co.) . . . 53 Bowen Street. 12.30 p.m.—Sale of household furniture (E. Johnston and Co.) Bombard Street, 10.30 a.m. —-Sale of timber (Ramsey Wilson and Co.) A. and P. Rooms. Perry Street, Masterton. —Sale of land, Sil acres (Dalgety and Co.). Johnsonville Saleyards.— Store stock and dairy sale (W. S. anil Co.. Ltd.). S Willeston Street. 7 p.m.—Sale of rugs, etc. (E. Johnston and Co.). TO-MORROW. Lowry Bay, 3 p.m.—Sale of property, account late Sir Charles Skerrett (Finch, Webster and -Oswin). Khouri Estate, Karori, 2.30 p.m.—Subdivisional sale. 24 building sites (S. George Nathan Ltd.). MONDAY. Pahiatua Farmers’ Saleyards, noon.— Spring cattle faia,

COMPANY NEWS D.I.C. EXPANSION A RECORD YEAR Dominion Special Service. Dunedin, October 31. Satisfaction at the results of the past year’s trading was expressed to-day at the annual meeting of shareholders of the D.1.C., Ltd., by the chairman (Mr. 11. L. llalstcd), who moved the adoption of the report and balance-sheet. The net profits that had resulted had enabled the directors to recommend the payment of a 10 per cent, dividend. In the course of his address, Mr. Hoisted said that at the last two annual meet- . Ings, Wellington building matters had been brought prominently before them. To-day it was a pleasure to be able to record the completion of their great building there, aud to state that the Wellington branch was quite settled iu up-to-date quarters. “Judging from our experience up to date your directors feel more than ever confident of the wisdom of the forward step taken in Wellington," Mr. Halsted proceeded. “From the very day the new building was opened the returns bad greatly exceeded ■ expectations and they looked forward to the continued growth and expansion for which they had provided. “The steady expansion of our Dunedin business also claims the provision of more room,” he stated. "We have secured the lease of the new building in The Octagon formerly used by Messrs. Herbert Haynes for their furniture business. The builders are at present remodelling this building, and when completed it will constitute a handsome and much-needed addition to our premises. Gross Profits a Record. “In view of the upset to business as well as the heavily increased expenditure involved in building operations in Wellington, we were somewhat apprehensive as to the outcome of the year’s trading, and it gives us all the greater pleasure to record that by virtue of the excellent business in Wellington in the last five months of our year, and improved figures in each of our other three branches, we have not only equalled last year’s result, but actually show £2300 more net profit. "Our gross profits are a record, and so are our expense figures. The resultant net profits of £45,027 enable us to recommend paving a 10 per cent, dividend, to add £7420 to reserves, and to carry forward £4729 more than last year. In addition, the profit realised by the sale at above its book value of our holding of New Zealand Government Inscribed Stock was carried direct to reserve, making the addition to this account for the year £ “Our large outlay in Wellington is reflected in changes in the balance-sheet figures. Sundry creditors have grown by £lOB 023- bank overdraft by £50.346; while investments have decreased by £69,780. On the other hand, our properties, fixtures and plant have increased by £216.195: our stocks by £11,000; and our sundry debtors by £16,400. Stocks have been taken with the utmost care and we are satisfied that they are as clean as it is possible for them to he. Our assets are all unencumbered, and all expenditure In Wellington of a temporary nature caused by the building operations has been proVl “Busme’ss conditions generally have been disappointing during the past year but in the current year to date nil onr four branches show good increases over their corresponding figures, Wellington naturally loading the way." DALGETY AND CO., LTD. DIVIDEND AND BONUS The New Zealand Superintendent for Messrs. Dalgety nnd Company. Limited has received advice from the company s head office in London that at the hnnual meeting to be held on November 14, the directors will recommend declaring n final dividend of 3 per cent., making (with interim dividend already paid) 16 per cent, for the year ended June 30 last, together with a bonus of 7s. per share. Dividend and bonus are payable on November 18. The directors propose writing down premises by £25,000, transferring £20.000 to the staff provident fund, appropriating £60.000 for staff bonus, and carrying forward the sum of £227.900. NEW REGISTRATIONS Wilson Canteen Company. Ltd., 8 Allen Street, Wellington. Objects: To carry on the business of provision merchants, canteen proprietors, restaurant-keepers, tobacconists. etc. Capital. £lOO in shares. Subscribers: Robert Charles Wilson, 117 Pirie Street, Wellington, and Charles Evans Scott, solicitor, Wellington, each 50 shares. Sims Stores. Limited. Queen Street. Masterton. Objects: To acquire and take over as a going concern the business of hardware merchant and fancy-goods dealer carried on by T. J. Thompson at Masterton. Capital. £l5OO in £1 shares. Subscribers: Charles Sims, ironmonger, Wellington. 1250 shares; Harriett E. Sims. Wellington. 250 shares. Thomas George Taylor, Limited, Hunterville. Objects: To acquire and take over as a going concern the business of general storekeeper, wine, and spirit merchant, and agent, now carried on by T G Taylor at Hunterville. Capital. £2OOO in £1 shares. Subscribers: T. G. Taylor, 1050 shares: Thomas John Taylor, ITunterville, 500 shares: William Smith Taylor, Civil Servant, Wellington. 250 shares; George Taylor. Hunterville. 200 shares. Arthurs. Limited, Hawera. —Objects: To acquire and take over ns a-going concern the stock-in-trade, goodwill, plant, etc., of the business of furnishers, cabinetmakers. upholsterers formerly carried on bv Arthur’s Furnishing Warehouse. Ltd., at Hawera. Capital, £5OOO in £1 shares. Subscribers: Duncan Bell Brown, accountant Wellington. 3000 shares: Doreen Catherine Beasley. Wellington. 2000 shares. FRUIT AND VEGETABLES WELLINGTON VALUES There has been a plentiful supply of fruit and vegetables in the Wellington market this week, including Californian grapes and onions. According to Market Gardeners, Ltd., southern potatoes are now very hardl to sell, thought the quality is good. They quote the following prices for fruit aud vegetabales sold by them yesterday:— Fruit. —Auckland strawberries. Is. fid. to 2s. fid. chip: gooseberries, Bid. to 94d. per lb.; local lemons, 16s. to 20s. per case; Stunner apples, Ils. 6d. to Ils. ease; Californian Jonathan apples, 18s. to 20s. case; Delicious apples, 14s. 6d. to 15s. 6d. case; Fiji bananas, 255. to 275. Od. per case; Fiji pines, Ils. case. Vegetables.—Southern potatoes, £7 10s. per tou; Californian onions, 17s. per bag: new potatoes, 2Jd. to 3d. per lb.; new green peas. 4*d. to fid. per lb.; cabbage, 3s. Bd. to 10s. 2d. ease: lettuce, 3s. Od. to 7s. fid. case; spinach, 2s. to ss. case; cauliflower, 4s. Cd. to 10s. case; swedes, 7s. case; beetroot, 3s. Id. to 4s. fid. case; cauliflower, 17s. to 19s. sack; carrots, 4s. Od. to 9s. 6d. case; cabbage, 12s. sack; cucumbers. 3s. lid. to ss. 6d. dozeu; leeks, lid. per bunch, spring onions, 7d. to Is. 7d. bunch; rhubarb, 7s. to 9s. Cd. dozen; new carrots, llld. per bunch. W. Burbidge and Company report prices realised iu their market during the past week as follows: — Apples.—Delicious, 13s. to 17s. fid. per ease; Waslilugtotiis, 125., 135.: Stunners, 12s. fid., 17s. 3d.; Doughertys, 135., 10s.; Jonathans, 195., 205.; American Delicious, 215., Bears. —Wiuter Coles, 135., 15s. per case: Nells, 10s. fid., 13s. Od. | Lemons. —Local, 125., 145., all bushel cases. I New Potatoes.—Nelson, 2Jd., 2jd. per lb.: Pukekohe, 2£d. per lb. Green Peas. —Nelson, 4jd. to Cd. lb.; Hastings, Bd. Lettuce. —Hastings, ss. 6d. long case; swedes, 4s. Cd., ss. cwt. Separator Butter.—Pats and bulk, Is. 3d. Ib. New Laid Eggs.—The market is easier and the price Is likely to drop. First grade, Is. 4d.; storekeepers’ lines. Is. 3d. dozeu. Comb honey, Od. lb. Walnuts.—Golden Bay, OJd. lb. Onions. —Californian, 17s. bag. 17s. fid. crate. Old Potatoes.—The market is very dull anil sales are difficult to secure. Red Dakotas, £8 1.75.. £9; whites, £0 1,75.. £7; Brownnells, £7 155.: Suttons, £lO tou. AUCKLAND BANKRUPTCIES Auckland, October 31. There were 12 bankruptcies in the Auckland district last month, which is one less than the number during September. In October of 1028 and 1927 the petitions filed numbered eight and eighteen respectively. The total for tlie ten months of tills year, 11C. is one less than the total for tlie corresponding months of 1028 and 04 less than the' number for the same period of 1927. Bankruptcies for the year to date disclose no outstanding features, as a widg yarioty at callings is represented.

DAIRY PRODUCE EXPORTS VALUE OF CANADIAN MARKET RARANGA’S BIG SHIPMENT Dominion Special Service. Auckland, October 31. Auckland had a good indication of the Importance of the Canadian butter market when tlie Shaw, Savill and Albion liner Raranga steamed out of port this afternoon for Halifax (Nova Scotia) with 88,500 boxes of the new season’s produce on board for that port, and an additional 58.000 boxes for London. It was the largest shipment of produce from Auckland this season and brought up the total for tlie past three months to 458,000 boxes of butter. The Raranga is possibly the last ship from Auckland that will cateh the Christmas trade at Home. For the past two years there has been a growing indication of the importance of the dairv produce trade with Canada, and that market lias served to relieve congestion on the London market at the height of tlie season. "The demand is there for our produce, said one of the members of the New Zealand Dairv Produce Board to-day, “and butter can be sold for three months of the year.” He added that last season shipments were sent to Canadian ports right up to March. This season the Raranga was the third steamer to take butter to East Canadian ports. With regard to butter generally the output of Auckland Province had been slightly In excess of last season, although rather jatc on account of colder weather. Cheese shipments had totalled 23,800 crates from Auckland, the Raranga’s share being ‘KOO. LONDON PRICES According to a cable message received yesterday bv Mr. W. H. Kent, authorised New Zealand representative of Andrew Clement and Sous, Ltd., the cheese market is firm at 935. to 945., and butter quiet at 1765. to 180 s. The New Zealand Loan and Mercantile Agency Company. Ltd., have received the following advice from their London house, dated October 30:— Dairy produce (last week’s figures In parentheses): Butter, New Zealand choicest salted, 178 s. to 182 s. per cwt. (180 s. to 1825.). Cheese, 935. to 955. per cwt. (935. to 945.). Markets slow. LIVE STOCK MARKET FAT SHEEP AND LAMBS Dominion Special Service. Carterton, October 30. A sale ot show fat sheep and lambs, including prize-winning pens, was held on the Carterton show grounds to-day, satsfactory prices being realised. The auctioneer, Mr. J. B. Thomson, disposed of the whole of the entry under the hammer. A pen of three fat lambs on behalf of the P. and A. Society realised 38s. per head. Tlie purchasers, the Gear Meat Company, put up tho line again and this time it was knocked down to Mr. 11. B. Thomas at 355. A pen of three lambs on account of Mr. Stewart Campbell, also sold on behalf of the society, realised 425., and on being offered again 40s. _ The following is a list, of the sales:—On account Stewart Campbell: 3 fat ewes at 305., 3 at 405., 3 at 355., 3 at 3Cs„ Gear Meat at 315., 3 at 305., 3 at 325., 3 at 345„ 3 at 305., 3 at 405., 3 at 355., at 10s., Gear Meat Company. On account Jack Court: 3 fat ewes at 315., 3 fat lambs at 285., Gear Company; 3 ewes at 265., A. Rippon. Account Arch. Clark: 3 fat ewes at 345., 3 lambs at 325., 3 at 215., 3 ewes at 305., Meat Export Company. Account W. T. York: 3 fat lambs at 355., 3 at 405., Meat Export Company. Account J. Fisher: 3 fat lambs at 285., 3 lambs at 305., 1 ewe at 285., 1 at 305., Gear Meat Company. Account W. A. lorns: 3 fat lambs at 335., 3 at 305., Gear Company; 3 lambs at 325., Meat Export Company; 3 lambs at 335., 3 lambs at 305., 3 at 385., Gear Company; 3 lambs at 355., Meat Export Company, 3 lambs at 375., Gear Company. Account A. E. W. Robison: 3 fat lambs at 305., W. Deller. Account C. Jensen: 3 fat lambs at 285., 3 at 305., 3 lambs at 345., 3 at 305., Meat Export Company. Account G, Haywood: 3 fat lambs at 305., 3 at 355„ 3 at 345., Meat Export Company. Account A. Montgomery: 3 fat lambs at 335., 3 lambs 305., Meat Export Company. Account W. A. Tate: 3 fat lambs at 345., Meat Evport Company; 3 lambs at 345., 3 at 305., A. Rippon. Account J. Farley: 3 fat lambs at 295., 3 lambs at 285., 3 at 315., 3 at 305., Meat Export Company. Account G. W. Kempton: 3 fat lambs at 265., 3 at 245., 3 at 205., H. B. Thomas. Account F. Court: 3 lambs at 345., 3 at 365., 3 at 405., Gear Company. Account W. E. Arcus: 3 lambs at 285., 3 at 305., Gear Company. Account Mrs. E. Jensent: 3 lambs at 415., Meat Export Company. Account C. M. Ross: 3 lambs at 295., Gear Company; 3 lambs at 305., 3 at 295., 3 ewes at 275., 3 wethers at 325., 3 nt 285., 3 at 305., Meat Export Co., 3 ewes at 305., 3 wethers at 305., 3 ewes at 295„ W. Deller; 3 wethers at 295., 3 at 315., I-I. B. Thomas; 3 wethers at 305., Hutt Meat Co. Account Percy Tilson: Three lambs 335., 3 at 455., Gear Co. Account R. N. Pairtier: Three lambs at 275., Meat Export Co. Account Frank Smith: Three lambs at 305., 3 at 305., Meat Export Co. Account Jack Jury: Three lambs at 305.. Gear Co. Account Frank Daysh: Three lambs at 315., 3 at 385., Gear Co. Account Earl York: One lamb 205., Meat Export Co. Account T. G. Reading: 'Three lambs at 345., Meat Export Co.; 3 lambs at 325., Gear Co. Account D. W. Burt: Three lambs at 345.. Meat Export Co. Account W. Howard Booth: Three ewes at 3Ss„ 3 wethers at 355.. A. Rippon; 3 ewes at 325., 3 wethers at 305., W, Deller; 3 wethers at 305., ’3 at 345.. 3 at 385.. H. B. Thomas; 3 wethers at 305., 3 at 305.. Hutt Meat Co. Account A. O. Cadwallader: Three wethers at 325., H B. Thomas: 3 wethers at 31s„ Meat Export Co. Account G. E. Allen: Three ewes at 275., H. B. Thomas; 3 ewes at 28s. T. Newland; 3 ewes at 28s„ Meat Export Co. Account T. Heapy: Three wethers at 345.. H. B. Thomas: Account Rayner Bros.: Three wethers at 375.. 3 at 39s’ H. B. Thomas: 3 wethers at Sis.. 3 at 345., Meat Export Co. Account Reid Bros.: Three wethers at ;365., 3 at 315., H. B. Thomas. Account J. Warrington; Three wethers at 365., H. B. Thomas. Account A. Tinsley: Three wethers at 345., H. B. Thomas. Account A. Tinsley: Three wethers at 345.. H. B. Thomas: 1 ewe at 3Ss., A. Kippon. Account J. H. Tilson: One wether at 365., A. Rippon. WANGANUI VALUES Wanganui, October 31. Freeman R. Jackson and Co. report a good entry of well-bred cattle, a fair entry of pigs and a small yarding of sheep at the Wanganui sale on Wednesday. Sheep were dull of sale and were mostly passed at auction. Pigs again sold well, firm on recent sales. Most interest was taken in the cattle section, and although passings were heavy at auction, a big proportion was sold privately. The recent rains were hardly good enough to bring a flush of feed away, and no doubt with better pastures buyers would bid with more confidence than they are at present. Buyers were in good attendance at tlie sale, but were uncertain whether to operate or postpone getting what stock they required until some future sale. Quotations:—Prime woolly hoggets, 345.; ma. wethers. 225. 4d.: medium hoggets (woolly), 245.; cull ewes, IDs.: prime heifers, £l4 10s.; fat bullocks. £l5: fat cows. £!) 10s. Od. to £lO Bs. fid.; Hereford and P.A. eows and heiers. £7 10s. to £7 155.; 2-year Hereford steers, £8; 3-year Hereford steers, £9 10s.; 2-year empty Jersey steers. £9 10s.: 2-year empty Jersey heifers. £5 ss. to £7 55.; good yearling Jersey heifers, £5 10s. to £7; Jersey cross yearling heifers, £2 3s. to £4 7s. Od.; sound bulls (aged). £0 15s. to £7 155.; springing dairy heifers (small), £0 10s. to £8 55.; dairy cows in milk, £5 10s. to £8 10s.; dairy cows (autumn calvers), £4 ss. to £0 10s.; porkers. 38s. fid.. 415., 435., to 40s. Cd.; choppers. 40s. lid.: stores, 235. to 275.; good wennors. 21s. to 255. Cd.; weaners, 10s. fid., 17s. fid., to 19s. AUSTRALIAN MARKETS Sydney. October 31. Wheat. —At. country stations, 4s. Gd.; ex trucks, Sydney, ss. Id. Flour—£l3 per ton. Pollard and bran—£B per ton. Potatoes—Tasmanian. £22 to £25 per ton; Victorian. £22 per ton. Onions—American. £22 per ton. Oats—4s. 9d. per bushel; Algerian, 4s. Gd. Maize—ss. Gd. per bushel. Melbourne, October 31. Hides, excepting stouts, l-Bd. to Id. lower. Adelaide. October 31. Wheat —Growers’ lots, 4s. 8(1. to 4s. 9d. per bushel. Flour —£12 2h. Gd. per ton. Bran —£6 10s. per ton. Pollard—£7 per ton. Oats—Algerian, 44, j>er busbaV