COMMERCIAL

Northern Advocate, 5 November 1931, Page 10

COMMERCIAL

WESTFIELD STOCK SALE BEEF VALUES EASTER. LAMBS IN OOOl) DEMAND. (Special to “Northern Advocate.’’) AUCKLAND, This Day. Messrs Alfred Encklaml and Sons, Ltd., reported on the weekly Westfield fat stock sale held yesterday as follows;

Beef.—Our boot penned contained 249 head, as against. 2fi3 head at last week’s market, comprising ISI steers and (IS cows and heifers. The quality was well up to the standard, lu the early part of the sale values were about on a par with last week, but as ■the sale progressed all classes receded. Extra choice ox sold to 28/ per IGOIbs; choice and prime, 25/ to 27/; secondary and plain, 21/ to 24/; prime young cow and heifer beef, 24/ to 2fi/: ordinary cow beef, .10/ to 25/; heavy prime steers, £lO 10/ to £ll 12/0; lighter prime, £0 to £lO 7/0; light, £7 10/ to £8 17/0; small and unfinished, £5 to £7 7/0; extra, heavy prime young cows and heifers, £7 to £7 17/0; heavy prime cows and heifers, £0 to £0 17/0; lighter, £4 to £5 17/0; other kill .able cows, £2 to £4 7/0. Sheep.—A full yarding of nice quality mutton met with an even sale at values equal to those ruling last Wednesday (1570 sheep sold). Extra heavy prime wethers, 18/0 to 19/0; heavy prime, 17/ to 18/3; medium, to heavy, 15/0 to 10/9; light to medium, 14/ to 15/3; unfinished, 9/ to 13/0; extra heavy prime young owes, 14/3 to 15/0; heavy prime.ewes, 13/ to 14/; lighter prime, 12/ to 12/9; other billable ewes, 10/ to 11/9. Lambs.—Lambs penned to the number 335, as compared with 181 last week. There was a brisk sale- at ruling prices. Extra heavy-prime lambs made from 19/ to 20/; heavy' prime lambs, 17/ to 18/9; lighter prime, 15/ to 10/0; light prime, 13/ to 14/9; small and plain, 9/ to 12/9. Calves. —The calf pens were, again well filled. Values, in sympathy' with beef, were slightly lower, especially for the plainer sorts. Runners made from £2 12/ to £5 7/; heavy vealers, £3 5/ to £3 12/; medium, £2 11/ to £3; light, £2 to £2 0/; small vealers, £1 7/ to £l. 14/; rough calves, 10/ to £.l; Bobby calves, 1/ to 4/ (231 calves were sold). Pigs.—We had an increased entry of fat pigs. Competition was steady throughout the sale, but values did not improve. Choppers made from £1 5/ to £2 9/; heavy prime baconers, £2 4/ to £2 8/; light and medium, £1 15/ to £2 2/; heavy' porkers, £1 14/ to £1 .10/; light and medium, £1 10/ to £1 13/; unfinished, £1 5/ to £1 8/. A full supply of store pigs sold readily at full late rates. Best-framed made from £1 4/ to £1 8/; slips, 19/ to £1 2/; good weaners, 15/ to IS/; small, 9/ to 13/; sows due to farrow, £2 to £2 17/0 (a total of 577 pigs wove sold).

ADDINGTON MARKET. MUTTON PRICES RISE. (Per Press Association.—Copyright.) CHRISTCHURCH, Tins Day. Tho market at Addington yesterday was a “double'’ one, as there will not be a sale next week, Carnival Week. A feature of the sale was the keen demand, which increased as the auction of a large yarding of fat sheepproceeded, and values advanced on an average by 2/ a head. Store Sheep.—A firm sale for a. small yarding. Hoggets were especially sought, with values slightly firmer than late rates. Medium-class ewes oiul lambs made fi/G to 11/; ordinary, to 7/; inferior, 4/ to 0/; ordinary four and six-toothed wethers, shorn, lb/ to 11 /(i; medium wether hoersets.

’*'•/ iv ii/v, imujum uuuH'i Jlu bn l shorn, 10/ to 12/; medium ewe hoggets. shorn, 13/ to 14/. Fat Lambs.—The entry of 1330 was tjie largest of the season, and there was a general decline in values of If to 1/fi a head. Very prime lambs i brought GUI (n G!Jd per lb ami. others Cd. Extra prime lambs realised up to 24/7; prime, 17/ to 20/; medium, 14/ to 36/0; light, 10/0 to 13/0. Fat Sheep.—There was an entry of 3300 and a very keen sale. At the end of the sale .values wore up ?,/ to ■ 4/ on last week's rates. Extra prime heavy wethers made up to 20/1; prime heavy, 20/0 to 24/0; medium, 17/G to ■ 20/; light, to .17/; extra prime ewes, to 24/10; prime, 17/ to 20/;'medium, , 33/ to 30/#?; light, 10/ to 12/0. Fat Cattle.—The- entry of G3O head ' included lines from the North Island,'^

West Const, Otago and-Southland. The quality was very good with many show lines. Prime beef made good prices, only 10/ a head below values last week . Best beef made from 20/ to 30/ per IGOlbs; good medium prime, 22/ to 25/; heavy, 22/ to 24/; ordinary, IS/ to 21/; extra prime heavy steers, £l.l 2/0; prime heavy, £ll to £l3; medium, £S to £10; ordinary quality, £.l to £7 10/; light, to £4 la/; extra prime heifers, to £lO 17/0; prime, £7 10/ to £0 17/0; medium, £a to £7; light, to £4 10/; extra prime cows to £l2 12/0; prime, £0 10/ to £0 a/,* medium, £4 5/ to £0; light, to £4. | • Fat Pigs.—Choppers made .from £3 10/ to £0 11/; baeoners, £2 0/ to £2 12/0; heavy baeoners, £2 17/0 to £3 2/0 (average priee per lb., 4jd to a|d; ; porkers, 38/ to 40/; heavy porkers, 42/ to 45/G (average priee per lb,'sid tc 7d). . , .

BUTTER AND CHEESE. LONDON ADVICES. Messrs Joseph Nathan ami Co., Auckland, have received the following cable from their London principals, Messrs Trengronse and Nathan: Butter: Market firm. Sellers pressing for orders. New Zealand. lit!/ to US/. SUGAR. INDUSTRY. COLONIAL COMPANY'S AFFAIRS. MODERATE DIVIDEND. (United Press Association —By Electric Telegraph—Copyright.) ('.Received !) mm.) SYDNEY. November 4.

The report of rhe Colonial Sugar Refining Company for the half-y'car ended September 30, states that the profits, after providing for depreciation and other charges, wore £373,811 19s 4d, out of which the Board of Directors proposed lo pay a dividend of 20/ and a bonus of 5/ a share, absorbing £305,025. This left £BIBO 19/1 lo add to ihe balance of the profit and loss account at March 31, making Ihe amount to the credit of that account £402,243 13/2. Addressing today’s meeting of share- 1 holders, the chairman, Mr E. W. Knox, said the work at the company’s Australian mills had been satisfactory. The board expected that nearlv half the sugar produced this year, would have to he exported, and the prospects for next year were similar. The hurricane in Fiji last summer caused a much reduced crop, but prospects for next y-oar were good. The refineries were working at full capacity. Mr Knox said the past six months had been a time of doubt and anxiety, owing to the tendency to wild and dangerous action in political and financial spheres. The board’s chief apprehension had been in regard to 'the very* low value for sugar sold overseas and uncertainty when there would bo a resumption of higher prices. “The only sign of improvement,” said tho chairman, “is that purchases of supplies 4o be delivered six months hence show some advance on rates for immediate delivery. No important additions or changes in sugar mills or plants were proposed for the coming year, and engagements of juniors for the company’s staff was to cease, as the board was unable lo see ahead any prospects of inmease in the demand for sugar, or any indication that additional staff would lo required. Mr Knox said the dividend being paid represented little more than four per cent on tho actual cost of -the compauv’s. assets, while the amount cf share, capital was about one-third of the cash cost- of investments .in the company's business. He commented on 4he serious pressure of taxation, and added: “The position is growing worse instead of better. Taxes on our Sydney building and offices have increased from £375 in 1900 to £1728 in 1930, with no added advantage.” Tho report was adopted.