LIVE STOCK SELLING MERGER

Evening Post, Volume CXI, Issue 95, 23 April 1931, Page 5

LIVE STOCK SELLING MERGER

NEW COMPANY FORMED

In our advertising columns particulars are given of a live stock selling merg-.1 that has been arranged to.take over the live stock selling business o£ eight oC the principal stock and station companies doing business in the Wairarapa, Manawalu, Rangitikei, Wanganui districts. The new company, which will be called Associated Live Stock Auctioneers, Ltd., will have its head office in Palmerston North with branch offices and agencies where i;cqiiired. The firms in the amalgamation are Abraham and Williams, Ltd., Dalgety atid Co., Ltd., Johnston and Co., Levin and Co., Murray, Roberts, and Co., New Zealand Loan and Mercantile Agency Co., Wairarapa Farmers Co-op., and Wright, Stephenson and Co. The new company will take over the live stock selling business only of the subscribing concerns. Each company will continue its wool advance and other general business as hitherto. ■ The advantages the subscribing companies expect to gain are in the direction of reduced costs.- From the fanners' point of view it is expected that the reduced costs will enable a reduction to be made in the rates of commission charged. Farmers selling through the new company will have their sales supported by the mobilised credit of all the subscribing firms, and they will, it is claimed, have behind them a volume of credit greater than any selling organisation has hitherto had. The movement, it is pointed out, is in line with the world-wide movement for the rationalisation of business that is now going on almost everywhere.