COUNTRY STOCK SALES

Dominion, Volume 25, Issue 274, 15 August 1932, Page 12

COUNTRY STOCK SALES

Heavy Yarding of Dairy Cattle PRICES AT CARTERTON SALE Dominion Special Service. Carterton, August 12. 4. bis yarding of dairy cattle and pigs was offered by Associated Live Stock Auctioneers at Carterton to-day. The entry of dairy cattle comprised some very good springing heifers and cows. There was not a very strong demand, only best and most forward cattle eliciting good competition. Late calvers were hard to quit Store cows and forward cows made values on a par with late sales. A fewpens of sheep were yarded, and these were keenly sought after, and made good values. There was a heavy yarding of pigs, which sold well. With such a big entry, however, buyers soon filled their requirements, and some pens had to be '’"Quotations were as follow Shee p: 20 ewes, r.w. S.D. ram, 5/8; fat hoggets (very good), 15/6; w.f. hoggets, 8/6; b.f. hoggets. 10/3. • Pigs: Weaner pigs, 8/- to la/-; slips, 16/- to 18/6; porkers (light), 22/- to 23/6; porkers (good). 28/- to 33/6; sow in pig, £3/5/- to £4/10/;. p. /in/ Cattle: Springing heifers. £4/10/- to £6/5/-; late calvers, £2 to £4; cows on drop, £6 to' £B/10/-; store cows, 15A to 22/-; forward cows. 25/- to £2; fat cows, £3 to £3/15/-. South Taranaki Sales The Farmers’ Co-op Organisation Society of N.Z., Ltd., llawera, report that dairy stock is still wanted, and anything near to profit and showing quality commands a ready sale. The inquiry for yearling heifers still continues, and prices have hardened by about 5/- per head all round; the best sales during the week have been in the vicinity of £3/10/-. Good sorts are in short supply, aud probably will, continue to firm. Outside buyers are •till operating, and a new market seems to have opened up in the Hawke’s Bay and Poverty Bay districts, Opunake Sale. —A good line of sound empty cows made £2/1/-. aud good quality Jersey yearling heifers £3/11/-. Fat Jer-sey-cross cows sold at £3/10/- to £4/a/ -. Cull cows, 6/- to 14/-; sound empty young cows, 20/-, 25/-, 30/-, £2/.1. Dairy heifera,’£6./£6/5/-, £6/10/-, £7, £7/10/-, £7 15/-, £B/15/-. Dairy cows £6 to £B. Pigs: Weaners, 7/- to 12/-; slips, 14/- to 15/-. Manaia Sale. —Wether hoggets made 9/6 to 10/6, ewe hoggets being passed at 10/6. Yearling heifers, poor condition, £2: broken colours, 29/-. A good line of snriiiffing heifers, a/c Sheat Bros., sold raadilv at £6. £6/10/-, £6/15/-. £7, £8 to £9 Dairy eows were dull of sale except better sorts, which sold up to £B. . Eltham Sale.—Empty cows, 6/6; heifers close to profit. £6 to £7; backward sorts, £4/10/- to £5. Hawera Sale. —Fat cattle: Fat cows, £4/7/- £5/9/-; good forward-condition cows, £3/2/-, 7 £3/6/-; pen of 25 Shorthorns and Hereford cows realised £2/12/-; 3-year-old Holstein steers, £2/14/-;, 2-year-olds, 28/-. Fat cows from the dairies, £2 to £3/5/-. Sheep: Light fat wethers, 13/9; light fat ewes. 7/-. _ Beet dairy heifers £5/10/-, £6/iO/-, £( ; others, £3 10/-, £4, £4/15/-; dairy cows, £6, £7, £7/10/-. Pigs: Porkers, 22/-; good stores, 14/-, 18/-.; weaners, 7/- to 11/6. Feilding Ewe Values Improve Reporting on their weekly sale held at Feilding on Friday, Associated Live Stock Auctioneers, Ltd., advise that they hod a heavv yarding of fat sheep, especially in the fat ewe section. Wethers and hoggets were yarded in average numbers only. Some particularly choice quality fat ewes yarded, of which there was a good sale,- with prices again in advance of the previous week’s rates. Fat hoggets were slow of sale, while fat wethers met average competition. In the store sheep section there was a light yarding of breeding ewes, which met with a ready sale. Ewe hoggets were yarded iu fair numbers, and met with keen' competitioii. Wether hoggets also met with keen competition. There was just a medium yarding of store wethers, which sold readily. There was a good yarding of fat cattle, including some very nice lines of station cows and heifers, which were well finished and met with.a ready sale at improved prices on the previous Week’s quotations. There was a medium yarding of store station cattle, which met with fair competition, the inquiry being more general than previous sales. Dairy cattle came forward in large numbers again, good heifers being keenly sought after. There was a good clearance in this section. The cows were just average sorts, only the best sorts being in demand.. Quotations were ns follow: — Fat sheep: Fat wethers, medium weights, 11/-. 12/-, 12/3. 12/6, 13/7; shorn fat wethers, 9/-; fat b.f. 2-tooths, 13/- to 16/1; fat S.D. ewes, 13/6; fat hoggets, 8/10, 9/5, 10/3, 10/6, 11/-, to 12/3; fat ewes, 9/3, 9/8, 10/-, 10/10, 12/-, to 12/2. Store sheep: 2 and 4-tooth ewes, r.w. S.D. ram, 13/6; 2-tooth ewes, r.w. S.D. ram. 15/3; 4 and 6-tooth and 4 and 5year ewe's, t.w. S.D. rams, 12/-; mixed age ewes, r.w. S.D. ranis, 14/-; ewe hoggets, 8/6, 9/-, 10/-, 11/7, 12/1, 13/-, to 13/1; wether hoggets, 7/2, 8/2. 8/3, 8/10, 9/-, 9/4, to 10/4; b.f. hoggets, 8/4; fat and forward wethers, 11/4; store ewes, 2/6, !i/2. Fat cattle: Steers, lightweights, £4/6/-, £4/10/-, to £4/17/6; heifers, £3/10/- to £4/10/-; station cows, fat, £3, £4/1/-, £4/10/-, £4/15/-; dairy-bred fat cows, £l/10/-, £2/1/-, £2/7/6, to £2/15/-. Store cattle: 2j-year P.A. heifers, r.w. P.A. bull. 34/-; 23-year Hereford heifers. empty. £2; 24-year Hereford steers, £2/6/- ;.,3i-year Hereford steers, £2/4/ to £3; store cows, 7/6, 10/-, 12/6, to 15/-; meaty cows, 18/6, 21/-,. 25/-, to 35/-; yearling Jersey heifers, 15/-, 28/-, 37/-. to £2; springing Jersey heifers: A line of 14 realised £4/11/-, 6 realised £5/5/-; others, singles, £3/10/-, £3/15/-, £4, £4/10/-, £4/15/-, £5, £5/10/-, £6, £6/5/-. £B, to £B/16/-; heifers in milk, £3 to £4; cows due to calve factory dates. £2, £3, £3/10/-, £4. £4/10/-, £4/15/-, £5 £5/10/-, £6, to £O/10/-.

SMALLER BANK PROFITS

Reduction of Revenue In a reference to the part played by the banks in carrying put the Premiers’ plan in Australia, the'chairman of the Associated Banks of Victoria, Mr. E. IL Wreford, said the reduction of rates of interest on advances by 1 tier cent, on October 1 last year hud led to a serious reduction of profits. What this loss of revenue bv the banks since the introduction of financial emergency legislation means may be judged by ap examination of the accounts of five Australian banks which have been issued recently. Two of the banks, the National and Adelaide, balance at the end of March, and the other banks balance at the end of June. Aggregate net profits of the five banks amounted to £868,738 in the last year, a fall of £666,837, or 43.4 per cent. In the previous year the total profits amounted to £1,535j»75, compared with £2,015,657 for 1930, a fall of 23.8 per cent. As the banks have built large reserves in the years of prosperity, it. has been possible for them Io pay reasonable dividends on the actual amount of capital paid up, hut the return on the total of capital, reserves, and undivided profits has been very small. Net profits of the banks show an average return on shareholders' funds of about. 3 per cent., compared with about 5 tier cent, in 1931. Following is a comparison of net profits of the five banks and of the return per cent, on their total funds employed iu 1930-31 and 1931-32 :—

BACKWARD POTATO CROP Cold Weather Delays Growth Tn a report on the northern potato and onion crop, IL 11. Battle, Ltd,, of Pukekolie. states that as a result of the cold winter so far experienced all growth is behind. In addition, the recent frosts —the most severe for the last 20 years—have damaged 75 per cent, of the crops and will definitely further delay digging for two to three weeks, thus crowding into late October and early November. Supplies at the end of October and early November will therefore apparently be heavy and will consist of mixed quality, including the retarded crops and the normal crops. OVERSEAS GRAIN TRADE Australian Quotations Melbourne, August 13. Wheat, 3/6 to 3/6J per bushel; flour, £B/17/6 per ton; bran, £3/10/-; pollard. £5/10/-; oats, 1/9 to 1/10J per bushel; barley, English, 3/1 to 3/2; maize, 4/11; onions are scarce and firm at 30/- per cwt. Chicago Wheat Values New York, August 12. Chicago wheat: September, 52 1-8 cents; December, 56 cents; May, 60| •cents: New York, cash. 624 cents.

Profit, 1032. £ Decrease from. Return on shareholders’ funds. 1931. & Per cent. 1931. 1932. Adelaide 66,776 25,037 27.2 4.0 2.9 Commercial 199,670 108,780 35.2 4.89 3.14 Commercial, Sydney 253.866 187.950 42.5 4.89 2.96 National 276.838 284,307 50.7 6.7 3.2 Queensland National 71,588 00,703 45.9 5.1 2.7