COMMERCIAL

Greymouth Evening Star, 1 September 1927, Page 9

COMMERCIAL

ADDINGTON MARKETS.

(Special to "Star.”)

CHRISTCHURCH, August 31. Messrs Dalgety and Co. report on to-day’s Addington sales: —

Fat sheep: A large entry 7 with considerably more yarded than the butchers required. There was a drop in the market from 2/6 to 3/- per head.

Store sheep: Also a large yarding for this time of the year, and prices all round were much easier owing to inclement weather. Best wether hoggets from 20/- to 21/-, ewes hoggets 23/6 to 26/-. Fat cattle: A good entry of 370 head, including several consignmnts from the North Island. The sale was fairly steady throughout, with very little variation in prices from last week’s. Extra well finished ox and heifer beef to 44/- per 100 lbs, prime px medium weights 38/6 to 41/-, medium quality 36/- to 37/-, heavy 34/to 36/-.

Our special correspondent reports:

Fat pigs: A small entry and demand fair, with prices on a par- with late rates. The entry included a line of 50 pigs from the West Coast. They were the best quality line that has come forward from that district for a considerable time, and made from £3 to £4 16/-. Choppers £3 10/to £5 7/6, light baconers £3/5/- to £3/-13/-, heavy baconers £4 to £4/10/-, average 5/lSd to per ib, light porkers 43/- to 50/-, heavy porkers 55/- to 61/-, average 7d to 8d per Ib. Store pigs: A small entry and prices showed considerable improvement on late rates. In spite of the bad weather there was a good attendance of buyers. Bidding was spirited throughout. Inferior weaners 12/- to 16/-, good weaners 25/6, medium 26/- to 31/-, larger stores to 34/6, young sows in pig £3/5/- to £5/10/.

KAIAPOI WOOLLEN CO.

CHRISTCHURCH, Sept. 1.

There were some sharp wordy passages at the annual meeting of shareholders of the Kaiapoi Woollen Manufactuiing Coy. yesterday. Several speakers criticised the directors’ policy, and there was a lively discussion upon the question of the appointment of a general manager. There is no dividend for ordinary shareholders this year. It was explained on behalf of the directors that they had made frequent attempts to find a man whose qualifications warranted his appointment as general manager. Regarding the financial side they explained that “the mistaken policy on the part of a previous board of directors had resulted in the reserves being swallowed up,” and that in view of this handicap, and the depression in the trade, the present directors had done all that was possible to further the interests of tile shareholders. STOCKS AND SHARES. AUCKLAND, September 1. Sales on ’change, Northern Steam (paid) 14/6, South British 58/3. Sales reported: Taupiri Coal 24/7, British Tobacco 54/6, Kempthorne Prosser 63/9. _ Reported sales this morning :—1933 per cent inscribed S.S. £lOO 12/6 (3). WELLINGTON, Sept. 1. Sale on ’Change: Commercial Bank of Australia, ord., £l/7/8.

SYDNEY WOOL SALES.

SYDNEY, August 31.

At the wool sales to-day, the improved rates precariously reported were fully maintained, and very full and satisfactory clearances were made. Greasy merino sold to 27£d. TALLOW SALES '• LONDON, August 31. Tallow sales: 1791 casks offered, 1771 sold. Keen competition; shillinz to two shillings advance, 35/6 and 32/6, 38/-, 32/6. NGAHERE SALE. At Ngahere yesterday an auction sale, by order of the District Public Trustee, was held at the Railway Yards. The well-bred pigs in the estate of Mr. J. J. O’Brien (deceased) were the chief attraction, and brought buyers from Rotomanu, Ikamatua, Blackwater, Grey Valley, Kokatahi and elsewhere. The following prices were realised: —Sow and litter £5, sow in pig £7 2s 6d, ditto £7 2s 6d, 2 ditto £6 2s 6d each, 1 ditto £5 15s, another £4 7s 6d, 1 empty sow £3 10s, 1 boar £3, three slips £2 each, one sow £5 12s 6d, 65 ewes and lambs 28s each, 2 hoggets 255, 2 hoggets 255, 2 rams 17s 6d, empty cows £3 12s 6d, dray and harness £l3 10s. Harness, chains, implements, tools, etc., were eagerly competed for. Mr. J. D. Lynch was the auctioneer. Mr. T. R. Say well, District Public Trustee, was also in attendance.