COMMERCIAL

Hawke's Bay Tribune, Volume XVIII, Issue 225, 5 September 1928, Page 3

COMMERCIAL

CANTERBURY FARMERS’ CO-OP. REPORT. Christchurch, Sept. 4. The annual report of the New Zealand Farmers’ Co-operative Association of Canterbury, Ltd., shows a marked improvement in the company’s affairs during the year. The net profit for the year amounted to £38,251, which, with a balance of £21,772 brought forward, makes £60,023 available for distribution. The directors recommend the payment of two years’ dividends, for 1927 and 1928, of 6 per cent of first preference shares, absorbing £lB,OOO, and a six months’ dividend at 6 pei cent. on A preference shares, amounting to £6OOO. The board recommends also that £9OOO be written off machinery, plant, buildings, and that, £lO,OOO be placed to. the special reserve fund, leaving £17,023 to be carried forward. Amongst noteworthy features oi the balance-sheet is a reduction of the bank overdraft from £233,369 last year to £73,587. WAIPUKURAU STOCK SALE. The associated auctioneers report having held their weekly sale at Waipukurau yesterday, when there

was a fair yarding of cattle and a small yarding of sheep. Prices ranged as follow: —Extra prime heavy fat heifers £l5 8/6, medium prime heifers £ll 8/- to £l2 15/-, fat bullocks £l3 to £l4 7/-, fat cows and heifers £8 19/. to £lO 2,6. store cows £4 12/6, fwd. 3 and 4-yr steers up to £ll, fwd. £9, 2-yr steers £9 8/- to £lO 2/-, empty heifers £9 3/-, weaner steers £3 17/-, fat ewes 28/to '36'-, fat wethers 36/- to 41/-, f. and f. wethers 35/8 to 36/7, wether hoggets 31/-. N.Z. Loan and Mercantile Agency Co.. Ltd.—4 fat bullocks £l4 7/-, 1 fat heifer £l5 8/6, 5 fat bullocks £l2, 1 fat steer £ll, 9 fat bullocks £l3, 1 fat steer £ll 12/-, 4 at £9 16/-. 4 at £lO 2/-,l dairy heifer in profit £3 5/-, 1 sprg. dairy heifer £4. Hoadley, Son and Stewart, Ltd.— 37 fat wethers £2 0/3, 172 f. and f. wethers 36/7, 137 wether hoggets 31/-, 1 sprg. heifer £3 12/6, 2 weaner steers £2 17/6, 6 weaner heifers £3 7/-, 4 weanei heifers £2 5/-, 1 Jersey weaner £2. 8 weaner steers £3 17/-, 2 at £4 10/-. H.B. Farmers’ Co-op., Assn.. Ltd. —7 fat cows and heifers £ll 8/-, 4 at £lO 2/6. 1 fat Jersey cow £5 10/-. 4 fat heifers £7 16/-, 1 at £7 16/-, 4 fat bullocks £9 16/-, 1 at £7, 2 fat heifers £8 19/-. 1 fat cow £8 19/-, 1 at £8 8/-, 2 fat Hereford heifers £l2 15/-, 1 at £9 18/-, 1 P.A. bull £lO, 3 heifers £6 14/-, 6 steers £9 8/-, 1 cow £4 1/-. 1 heifei £4 19/-. 3 fat cows £8 7/6, 2 at £8 10/-. 1 at £4 15/-, 1 cow £9 ' 5/-, 1 at £9 2/6, 5 fat heifers £9 7/-, 1 aged bay mare £37 10/-, 1 bay gelding £3B. Williams and Kettle, Ltd.—2 fat cows £7 10/-, 1 fat steer £3, 1 fat cow £5 17/-, 1 dairy cow £7 17/6, at £lO 10/-, 1 at £4 15/-, 1 at £4 10/-, 1 Jersey bull £B, 25 fat ewes 29/-, 115 f. and f. wethers 35/8. Dalgety and and Co., Ltd.—l fwd. cow £5 11/-, 1 sprg. cow £6 17/6. I nt £5. 1 cow in profit £7 10/-, J sprg. dairy eow- £4. 1 at £4 5/-. 1 P.A. cow in calf £6 5/-, 1 P.A. heifer in calf £6 15/- 1 store cow £1 15/-, 1 cow in calf £5, 1 at £6. 15 fat ewes 34/-, 26 fat wethers 42/9, 13 fat hoggets 30/6. 1 ram hogget 30/6. SMITHFIELD MEAT PRICES AS AT AUGUST 31, 1923. Previous week's prices in parenthesis :— N.Z. Wethers and Maidens: Canterbury quality, selected brands, 56 under, 7 o-8d (7 5-8 d); 57/64. 7 3-8 d (7 3-8 d): 65/72, 7 l-8d (7 l-8d). Other brands. 56/under, 7 3-8 d (7 3-8 d); 57/64, 7id (7Jd); 65/72, 7d (7d). N.Z. Ewes: 64/under, 61-8 d (6 l-8d)

N.Z Lambs: Canterbury qua'litv, 36/under, IOJd (10jd); 37'42, IW,d (lOJd); 43/50, 9 7-8 d (9 7-8 d). Seconds, lOd (lOd). Selected brands, 36/under, 10 3-8 d (10 3-8 d); 37/42. IOJd (lOJd), Other brands, Ist quality, 36'under, l/4d (101 d 37J42. 10 l-8d (10 l-8d); 2nd quality, 30/32 average, 10 l-8d (10 l-8d). Australian Lambs; Not quoted. Argentine Lambs; Not quoted. N.Z. Beef: Ox fores, 3 7-8 d (3 7-8 d): ox hinds, s}d (5Jd?). Cow fores, 3d (3Jd); cow hinds ojd (old). Argentine Chilled Beef: Ox fores. 4 3-8 d (4sd) ; ox hinds, 7 5-8 d (7jd). Argentine Frozen Beef; Not quoted. Frozen Pork; Porkers. 60/80Ib, 7(d (7|d): 81/9918, 7d (7d); 100/1201h, 7d (7d). Baconers, 121/1801b, 7jd (7id). Lamb; Market keeps firm for prime lamb. Consumption satisfactory. Tone of market slightly weaker for secondary lamb owing to competifion of Scotch hill lambs. Mutton: Market firm. There has been a good demand for lightweight ewes. Beef: Market steady. HIGH COMMISSIONER’S REPORT The Department of Agriculture has received the following cablegram dated Ist. inst.. from the High Commissioner for New Zealand, London: Tallow: Quiet demand at auction and no change in prices. Wool: Bradford enquiry for both wool and tops is a little more general but actual business still very restricted. Quotations for tops are somewhat, easier. Sixty-fours (Merino warp) 4/4, average 4/3 per lb ; 56’s (super halfbred) 3/1} per lb ; 50’s prepared 2/7 per lb; 40’s prepared 2/OJd.