LIVESTOCK MARKET

Dominion, Volume 26, Issue 88, 7 January 1933, Page 14

LIVESTOCK MARKET

Good Clearance at Carterton KEEN COMPETITION FOR PIGS Dominion Special Service. Carterton. Jan. 6. At the weekly Carterton stock sale today, Wright, Stephenson and Co. brought forward a small entry of sheep and pigs, for which there was keen competition. Fat ewes sold at 6/-. and practically a total clearance was effected. .. . Prices were as follow: —Heifers in milk, £3/5/-; cows in milk, 27/6 to 37/-; heifers, r.w.b., £2/9/-; yearling S.H. heifers, £2/5/-: forward conditioned cows, to 38/-; empty cows, 19/- to 30/-; store cows, 15/- to 18/6; S.H. steers. 17/-; Jersey bulls, 36/- to £2/1/-; cows and calves, 30/-; fat ewes. 6/-; fat hoggets, 13/-. Pigs: Weaners, 10/- to 12/-; slips, 13/- to 14/-: porkers, light, 19/- to 20/-; porkers, good, 24/- to 25/-. A medium yarding of both sheep and cattle was offered by the Farmers’ Distributing Co., and cleared at the following prices Sixty fat ewes, 5/9; yearling Jersey heifers, r.w.b., 35/- to £2/5/-; heifer, due to calve June. £2/10/-; forward cows, 23/- to 30/-; coloured steers, 24/- to 35/-;- potter cows. 14/-. Small Yardings at Feilding Dominion Special Service. Feilding, Jan. 6. The Feilding live stock sale was resumed to-day, with small yardings. The sale was rather dull at the opening, but improved later. ’ Fat lambs sold at 10/1, and good fat wethers to 10/5. Fair quality brought 9/4 to 9/7. Other prices were:—Fat ewes, maiden, 7/-; older ewes, market very weak, 2/6 to 4/9; stores, two-tooth' ewes, 10/-; store lambs, 6/2 to 7/1; old ewes, 2/-. There was a fair yarding of fat cattle, and the market-was firm. Prices: P.A. heifers, £3/10/-, £3/16/-; P.A. cows, £3 2/6 to £3/17/-; P.A. and Hereford bullocks. £4/5/- to £5: fat Jersey heifers. £2/2/6 to £2/7/-; Jersey cows, 25/- to £2/10/-; dairy heifers. £3/10/- to £3 15/-; heifers in milk, £3; cows, guaranteed sound, £3/15/-. No.store cattle we’re sold. FROZEN MEAT TRADE Wether Mutton Market Firm M. A. Eliott, Ltd., Palmerston North, has received the following cabled advice from Gordon Woodroffo and Co., Ltd., dated Thursday. Prices on Smithfield “delivered” basis: —Best North Island wethers and/or .maiden ewes, 48/561b. and 56/641b., 4 5-Bd.; 64/721b. and over 721 b., 4 7-Bd. Ordinary North Island wethers and/or maiden ewes. 48/561b. and 56/64 lb.. 4 5-Bd.; 64/721b. and over 721 b., 4 7-Sd.. North Island ewes, under 641 b., 3 3-8tl.; 64/721b. and over 721 b., 2Jd. New Zealand prime ox beef (equal fores and hinds),' 160/2201b., 3 l-Bd. New season’s Down lamb, under 361 b. and 37/421b., 7sd. to 7Jd. Wethers, l-Stl. to 3-B(l.higher; market firm, supplies small. Ewes, no .change. Market s'teady with fair business doing. MOUNT MORGAN, LIMITED Lively Annual Meeting An unusually large number of shareholders attended the third, annual meeting of Mount Morgan, Limited, in Sydney last month." A motion for the adoption of the balance-sheet for the year was carried after two and a quarter hours’ acrimonious discussion, duriqg which the directors were frequently attacked for their alleged failure to fulfil promises made at the last annual meeting. The chairman, Mr. J. H. Kessell, said that Mount Morgan had been' through many troublesome times. It find been in a parlous position, and it had been necessary to raise a considerable amount of capital to avoid liquidation. The directors had tried everywhere to raise finance, but without success, and only a miracle had saved the company. Mr. E. Campbell, deputy-chairman, said that, work was now being conducted profitably in the mine. There were , pockets which ranged from 4oz. to IJoz. of gold a ton. In spite of reports that were being'whispered in Sydney, he was confident that Mount Morgan would again become the most famous gold mine bn the eastern side of Australia. He thanked the Queensland Government for the financial assistance it had given. A shareholder asked if there had been any increase in the capital of the company during the last twelve months, and if there had been, would the chairman give an explpnation. Mr. Campbell said shares to the value of £30,000 were issued during the year, while an optioirtotalling £lO.OOO was given to the company’s broker. There was a definite move in Sydney to grab Mount Morgan, and the directors had to get money as quickly as possible. When a shareholder said the directors had given a handle to somebody to go up to the Stock Exchange and play about with these 10,000 shares as they liked, his remarks were greeted with cheers. Ife said the di-ectors should have placed the whole position before shareholders. Mr. Campbell declared that the directors hat done everything possible for the benefit of the company. In spite of opposition to the balancesheet being adopted, the motion was car-vied-on a show of hands. The general manager stated that the plant was treating up to 1000 tons daily. During the las* four weeks the operations at the mine cost £3299. while con-, centrales produced realised £5993. leaving a profit of £2694. He looked .forward with confidence to the future. Australian Price of Gold The price fixed by the Commonwealth Bank for gold, including icwellcry, lodged at the Melbourne Mint, for the week ended December 23, is at the rate of approximately £7/0/2 per standard ounce (22 carats), equal to a premium of 79.99 per cent. Payment is made according to the assay value of the gold. The price is 1/3 lower on the week. The price per ounce fine is £7/12/11. a fall of 1/4 on the week. . The Commonwealth Banks price for sovereigns, at head office. Sydney, on December 28, was 35/-. This is subject to alteration without notice. South American Meat Quotas The Montevideo correspondent of the “Times,” writing on November 6, stated that at the meat conference held there between Uruguay, Argentina, and Brazil the'delegations unanimously resolved to advise their respective Governments to ask the British Government to allow the three countries to distribute among themselves the meat quotas established under the Ottawa agreements. Although the reason for this request was not . stated, it is understood that the Governments wish to control the operations of foreign firms which, it was thought, might otherwise arrange meat exports to suit their convenience irrespective of the countries’ interests. Kildare Gold Mine The manager of the Kildare Consolidated Gold Mining Co.. Ltd. (Central Otago), reports that the wash-up on_ December 28 resulted in a return of 170 oz. 6dwt., making a total return from the paddock of 3360 z. In the area whore the present paddock has just been completed, the Kildare lead varies from 10ft. to 25ft. in depth, and is carrying good prospects. A month’s stripping will now require to he done.