STORE LAMBS

Evening Post, Volume CXXIII, Issue 18, 22 January 1937, Page 12

STORE LAMBS

FEILDING PRICES EASIER

(By Telegraph—l'reas Association.) FEILDING, January 21,

Store lambs were in excess of advertised numbers and swelled the yarding to close on 20,000 for today's stock sale The market for store lambs was slightly easier except for very good quality lines. Inferior sorts were sticky at first, but improved towards the end of the sale, when they sold much better. One pen of extra good woolly ewe lambs made 34s 2d, and a very attractive pen of two-tooth ewes 41s 7d. Lambs in wool made about 2s better than shorn. The small offering of fat sljeep was firm at late rates. The small yarding of fat cattle were mostly dairy breeds. Extra prime Jersey cows made to £7 2s 6d, and good P.A. cows to £8 6s. Practically no run cattle or dairy cattle were offered. Sheep: Fats, prime ewes, 19s 9d; good, 17s to 19s; prime heavy wethers, 26s Id; good, to 25s 6d; fair, 24s 8d; very prime hoggets, 27s Id; prime heavy lambs, 265; light, 20s to 21s Id. Store sheep: B.f. lambs, good woollies, 20s sd; other pens woollies, 19s to 20s; shorn, 14s 6d to 18s 4d; inferior, from 12s 2d; w.f. lambs, good woollies, 225; very good, 22s 6d; fair lines, 18s Id to 20s 9d; good shorn, 19s 2d; medium pens, 16s 6d to 18s; inferior, 14s to 15s 9d; ewe lambs, extra good woollies, 34s 3d; good woollies, 33s 2d; fair, 24s 7d to 28s 3d; shorn, 18s to 265; extra good two-tooth ewes, 41s 7d; five-year ewes, 235; two-tooth wethers, 24s 7d to 25s 3d.

Dairy cattle: House cows, forward ; springing, to £6; springing heifers, to £3 15s; bulls, £3 2s 6d to £6 2s 6d. Fat cattle: Prime P.A. cows, £7 4s to £8 6s; very prime Jersey cows, £6 7s 6d to £7 2s 6d; good, £5 7s 6d to £6 ss; light prime, from £4; prime Jersey heifers, £7 17s 6d; light, £4 5s to £5 7s 6d; vealers, £3. Stores: Potter cows, to £3 17s; Jersey steers, £4 to £5 lis 6d. Poultry: Hens, Is 4d to 2s 9d; cockerels, Is 3d to Is 7d; ducks, Is 9d to 2s 3d. Pigs: Weaners, 10s to 18s; stores, 21s to 23s 6d; small porkers, 275; others, 39s JLEVIN SALE. Abraham and Williams, Ltd.. report that although a very large yarding of sheep came forward at this week's Levin stock sale, a strong demand, for lambs in particular, made for a ready sale. A good yarding of pigs was also offered and met with a firm inquiry, and a good sale was also conducted in the cattle section. Quotations: — Pigs.—Light pork, 32s 6d to 35s 6d; medium pork, 37s to £2 2s; heavy pork, £2 4s to £2 8s; baconers, £2 12s 6d to £3 ss; slips, 8s to 13s; light stores, 14s to 18s 6d; medium stores, 235; heavy stores, 26s 6d to 30s. Sheep. —Fat two-tooth wethers, 27s 6d to 28s 3d; fat ewes, 19s 6d to 24s 6d; store ewes, 12s to 13s 6d; fat lambs, 23s 6d to 25s 3d; store lambs, 8s lOd to lis to 21s 6d. Cattle. —Light fat cows, £2 lis to £3 17s; medium ditto, £3 17s 6d to £4 15s; heavy ditto, £5 to £5 15s; extra heavy ditto, £5 15s to £6 2s 6d; steers, £5 18s to £7 2s 6d; fat heifers, £4 15s; vealers, 365, £2 10s, to £3 14s; potter bulls, £4 15s, £5, £5 17s 6d; heifers, r.w.b., £4 lis. Dairy stock. —Springing heifers, £4 10s. The New Zealand Loan and Mercantile Agency Co., Ltd., report a good sale with the market hardening appreciably, The following prices wera realised:—Pigs.—Light pork, £1 14s to £1 18s; heavy sorts, £2 to £2 16s; stores, 25s to 28s 6d; weaners. to 14s. Cattle. —Medium fat cows, £4 5s to £5 7s; heavier sorts, £5 15s to £6 12s 6d; store cows, £1 10s to £3 10s; vealers, £1 10s to £2 ss; dairy heifers, r.w.b., £5; potter bulls, £5 10s to £8 ss. Sheep.—Shorn lambs, £1 Is; store lambs, 12s 9d to 15s; fat lambs, to 24s 3d; ewes, 20s; wethers, to 27s 4d.

TRUST COMPANY

DIVIDEND UNCHANGED The 64th annual report and balancesheet of the Wellington Trust, Loan, and Investment Co., Ltd., for the year ended December 31, 1936, states that the sum to the credit of profit and loss appropriation account on the year's working, together with the amount of £5048 0s 3d brought forward from the previous year, amounts to £13,547 Is 2d, from which £3125 has been paid as an interim dividend at the rate of 2J per cent, for the halfyear ended June 30, 1936. The special reserve account of £7000 was drawn on for £905 5s 6d for writing down two mortgages, and the board has deemed it advisable to transfer to the account £1405 5s 6d to cover the above reduction and further to strengthen this contingency fund, making it now £7500. The sum of £115 12s 9d has been written off the cost of the business premises for depreciation. The directors recommend that a further dividend be declared on the paidup capital at the rate of 3 per cent, for the half-year ended December 31, 1936, amounting to £3750 (making 5J per cent, for the year) and that the | balance, £5266 15s Bd, be carried forward. The directors regret the death on July 26, 1936, of their late chairman and colleague, Mr. Oswald Stephen Watkins, whose valued services, rendered during many years on the company's board of directors, were highly appreciated. Mr. J. J, Reich was appointed to the chairmanship, and Mr. William Watson, jun., was appointed to All the vacant seat as a director. During the year Mr. John . A. Plimmer resigned his seat on the board after many years of valued service as chairman and director. The director retiring by rotation is Mr. William Watson, jun., who offers himself for reelection. The company's transfer books will be closed from January 23 to February 1 inclusive. The annual general meeting will be held on February 1. I BANKS'ItETURNS ; I INCREASE IN DEPOSITS

Returns of the six trading banks doing business in New Zealand as at the close of business on December 28, 1936, compared with returns for November 30, 1936, as furnished to the Reserve Bank of New Zealand, are as follows:— LIABILITIES. Nov. 30. Dec. 28. £ £ Demand liabilities In New Zealand »29,188,509 *31,080,367 Time liabilities in New Zealand 33,353,792 33,123,748 Demand liabilities elsewhere than in N.Z. incurred in respect of N.Z. business 1,085,090 782,660 Time liabilities olsewhero than in N.Z. incurred in respect of N.Z. business . 715.573 952,874 Notes of own Issue in circulation payable In N.Z. ...... — — N.Z. business, excess of assets over liabilities 19,893,799 17,923,852 Totals £84,266,763 £83,865,501 ♦Includes transfers from long-term mortgage fund. Bank of New Zealand, of £340,840. ASSETS. £ £ Reserve balances held in Reserve Bank of New Zealand 9,545,819 11,039,935 Overseas assets in respect of New Zealand business — (!) In London . 8.414.355 7,907,916 (2) Elsewhere .. 5,441,537 5,373,730 Gold and gold bullion held in N.Z. . 1,146 1,375 Subsidiary coin held In N.Z 659.147 524,431 Advances In N.Z. ... 45,799,929 47.591,044 Discounts 711,659 690,9"S Reserve Bank of N.Z. notes 3,169,431 3,198,228 ] Securities held in New Zealand — (1) Government . 5,698,839 5,710.158 (2) Other than i Government .. 286,393 286,393 i Value of land, buildings, furniture, fittings, and equip- ■ ' ment held In N.Z. • 1,538,178 1,541,333 Totals £84,266,763 £53,865,501 1 Fixed and tree deposits In New Zealand. I £84,204,115; advances and discounts, £48,281,982; cicess deposits, £15,922,133,