COMMERCIAL.

New Zealand Herald, Volume LIV, Issue 16435, 11 January 1917, Page 3

COMMERCIAL.

LAND MORTGAGE COMPANY. \ NEW ZEALAND AND RIVER PLATE. At the annual meeting of shareholders of the New Zealand and River Plate Land Mortgage Company, Ltd., held in London on the 9th inst., it was resolved to pay the usual dividend at the rate of 12 per cent, per annum, less the English income tax of 5s in the pound, the interim dividend paid in July last to be deducted therefrom; to add £27,000 to reserve fund, and to carry forward £15,840. The dividend on New Zealand shares will be payable to-morrow. BUTTER AND EGGS. The dairy produce committee has fixed the wholesale price of butter and effis for the week ending January 18, as follows:—Farmers' butter, first grade, lid per lb; fresh eggs, Is 2d per dozen. STOCK SALES. AUCKLAND. Tho New Zealand Loan and Mercantile Agency Company, Limited, reports— At Westfield Btorc sale last Thursday, cattlo were penned in average numbers, and sold at late rates- Best dairy cow s and heifers £9 10s to £14 15s, others £6 10s to £8 15s; yearling to 18-months steers, £6 17a 6d to £8 17s; heifer calves, £2 17s to £4 &3; steer calves, £3 10s to £4 17s ; bulls, 7gno to Ugns; empty cows and heifers, £7 5s to £8 17s 6d. The cattle dogs sold on account of Mr. L. Short realised 7igns, Ogns.and 13gns respectively. A quantity of sundries sold at ruling prices. On Friday, at Albert Yards, horses were yarded in average numbers, and sold at late rates. Heavy draughts £25 to £34 10s, medium £17 to £26 15s j ponies, £4 10s to £7 10s; hacks. £8 to £12 10s; light harness horses, £7 10s to £14. A quantity of chaff and harness was also disposed of. At Papakura, on Monday, wo held our monthly sale. There was an average yarding, and practically everything was sold at the ruling high prices. Best dairy cows and heifers £10 to £13 10s, otheis £7 10s to £9 15s; bulls, in large numbers, £8 10s to £19, according to weight and quality; empty cows and heifers, £7 to £9 17s 6d; steer calves, £3 10s to £5 12s; heifer calves, £2 15 ato £5 5s (one extra choice pen of heifer calves made £5 16s); yearling to 18months steers, £6 17s Gd to £9 ss; yearling to 18-months heifers, £5 15 to £7 17s 6d. No grown steers were yarded. Beef was penned in extra large numbers, selling firmly throughout, cows selling to £14 17s 6d, steers to £16 ss.

At Pukekohe on Tuesday we had an extra large yarding, consisting mostly of young cattle. No growa cattle were yarded. Two to 2i-year-old steers, £10 to £11 17s 6d; yearling to 18-months steers, £6 10s to £9 17s 6d' steer calves. £3 38s to £5 lis; good heifer calves, £3 15s to £5 Is; inferior heifer calves, £2 10s to £3 14s : empty cows and heifers, £7 12s 6d to £10 2s 6d; bulls, £6 to £6 10s, according to weight and quality. Beef was penned in exceptionally large numbers and sold at lata rates, most _ being bought by freezing buyers; cows selling to £15 12s 6d: steers, £17 12s 6d. At Westfield fat stock market on Wednesday beef was penned in full numbers and mostly of good quality. Competition was keen, and the market showed a decided firmer tone. First quality sold to £2 10b per 1001b, prime £2 7s to £2 9s, cows and heifers £2 to £2 7s 6d per 1001b. Steers sold at from £13 2s 6d to £23 5s for a steer fatted by Mr. R. Ross. Kaiwaka, and bought by Messrs R. W. Fletcher, Ltd. Some q£ the averages were: 24 steers from Okahukura, Estate, £19 8s; 17 steers from Mr. W. Henry, Taupiri, £18 3s: 21 steers from Mr. Hobt. Ross, Kaiwaka. £17 2s 9d; 21 small steers from Mr. Chas. Haylock, Kinohaku. £17 7s 6d; 8 steers from Mr. N. K. Taylor, Gordonton, £19 8s 9d; 8 steers from Mr. Geo. Harvev, East Coast. £19 7s 6d; 8 cows from Mr. .Tas. Taylor, Cambridge, £14 4s; 1 bull from same vendor, £15 2s 6d; 8 cows from Mr. H. R. Mackenzie, Mangere, £13 14s; 7 cows from Mr. W. D. R. Hall, Mangere, £12 2s Gd; bull from same vendor, £17 15s. Calves were yarded in large numbers, and sold under keen competition at slightly better than last week's prices. Runners made from £8 6s to £11, heavy vealers £5 8s Gd to £6 18s, medium £3 16s to £5 Bs. lighter £3 to £3 16s, light £2 8s to £2 18s, small and fresh-dropped 12s to £2. Sheep were penned in less numbers than usual, and sold under extra brisk bidding at improved rates, 3s to « ptr head. Best wethers sold at from £1 19b 9d to £2 4s 6d. others £1 17s to £1 19s Gd, wethers in wool £2 7s 6d to £2 !ob, best ewes £1 14s to £1 18s, others £1 9s to £1 13s 6d, hoggets £1 6b to £1 14i£ 54 shorn wether? from Mr. J. Taylor, Cambridge, averaged £2 3b 6d. Lambs were also penned in small numbers, and sold at hardly last week's prices. Best made £1 (is to £1 9s -3d, others £1 2s to £1 5s 9d. Pics were penned in average numbers, and I sold at improved' prices. No choppers were ; yarded. Heavy Daconers made £3 14s to I£4 10s, others £2 15s to £3 13s, large I porkers £2 15s to £5 6s, medium porkers £2 5s to £2 14s, light porkers £1 15s to £2 4s, slips £1 5s to £1 12s, weaners 9s to 16s.

Messrs. Dalgcty and Co. report as follows regarding the Westfield stook sale held yesterday:— ~ , " Beef: There was a fair yarting. and prices were on a par with late rates. Choice pens of extra primo ox sold at equal to 49s per 100; ordinary prime made up to 46s per 100; cow and heifer beef realised from 42s to 45s per 100: a very fine draft of three trucks of 24 bullocks from Messrs. Stead and Co.. of Bangiriri, averaged £21 lis each. . , ~ ... Veal- There was a fair yarding, wnicn sold at late rates. Heavy runners made up to £12 ss. and heavy suckers up to £6 18s; small suckers. 37s to 495; others. 18s to 289. Mutton: There was ft small yarding, and prices were 2s higher than last week's rates. Extra heavy shorn wethers made up to 445, and medium-weight wethers from 31s to 33s- light and unfinished made from 28s 9d to 30 s 9d; heavy fat shorn ewes made from 27s to 345; store ewes brought from 24s to 28s. * Lamb: A medium yarding, and prices were equal to late rates. Best heavy prime made up to 325; medium weight, 21s to 24s- light and-unfinished. 18s to 20b 6d. Pork: A large yarding, and prices were lower. Baconers made up to £3 ss; choppers up to £4 43; porkers, 35s to 495; stores, 18s to 28s; weaners, small, up to Ids.

Messrs. Alfred Bnckland and Sons report We held our weekly sale of dairy and store stock at Westfield on Thursday, January 4, and had ft fair yarding. There was a. strong demand for all classes. Best dairy cows made from £13 10a to £16 10s; other cows, £8 15s to £13; springing heifers, £9 to £14 ss: empty cows, £7 10s to £10 10s; 18-raonths' steers, £7 15s to £8 168; heifers, same age, £7 to £8 13s; calves, £3 to £5 2s There was a large muster of stock at our monthly Waiuku sale on Saturday, January 6. Buyers were numerous, and everything sold under keen competition. Dairy cows and heifers brought from £7 103 to £14- fat cows and heifers, £9 103 to £14 17s 6d; fat steers, £13 10s to £18 15s; empty cows, £8 to £10 10s; 18-month to two-year-old heifers, £6 17s to £9; yearling to 18-month steers, £'7 to £8 19s; calves (of which there was a very largo entry), £4 16s to £5 4s: for best, smaller, £3 10s to £4 10s- small, £2 8s to £3 9s; bulls, £8 to £15- pigs, weaners, 13s to 18s; porkers, £1 5s to £1 13s On Monday, January 8, we held a. clearing sale on account of Mr. Ernie Henry, of Puni, via Pukekohe. TheM was an extra large attendance, and we report a most successful sale. The dairy cows, 83 in number, .-old at from £10 10s to £18 ss; 18-month heifers, in calf, £8 to £8 15s; calves £2 10s to £4 12s; cows, with calves. £11 to £14 17s 6d; sows, in pig, £3 10s to £5 ss; other sows, £2 to £3; porker:?, *1 16s to £2 3s : large stores, £1 9a to £1 13s; weaners, 10s to 18s; farm horses, £20 to £26; ponies, £11 10s to £14. The implements, furniture, and sundries also sold The clearing sale held on account of Mr. Archdale Taylor at Manurewa on Tuesday, January 9. was well-attended, and satisfactory prices were realised. Cows sold at from £9 8s to £11 10s; calves, £1 2s to £5 lis; farm horses, £15. Implements and sundries sold well. , On Wednesday, January 10, at our weekly Westfield fat stock market, we sold fat cattle to the number of 365 head,_ compris. ing 240 steers, 113 cows and heifers, and 12" bulls, including many lines of really primo steers. There was a strong demand, and values remain very firm. Choice ox sold to £i 10s, prime £2 7s to £2 9s, ordinary and rough £2 to £2 ss, cows and heifers £1 17s to £2 7s, steers from £13 to £20 12s 6d. cows and heifers £8 to £16 5s The highest averages for steers were: 15 from Mr. Ben. Reed, Waercnga, £19 2s 8d: 10 from Mr. Isaac Gray. Papatoe(oo, £19 3s Gd; lfi from Mr. W. Gollan. Panmiire, £19 2s; 20 local, £19 4» Id 25 from Mr Geo. Coxheid, Manurewa, £17 4s 8d; 8 from Mr. Huijh Wallace, Mangere, £17 8s 9d; 9 from Mr. C. J. Storey, Te Awamutu, £17 4s 2d; 9 from Mr. H. R. McKeiuie. Mangere, £17 5s lOd; 5 from Mr. Abe Hull, Mangere, £17 5s 6d; 16 from Mr P. T. Martin. Taniwha. £15 (is 3d; 6 from Mr. R. Hall, jun., Wiri, £15 6s 3d. Sheep came forward in full numbers, but many consignments were unfinished. Competition was keen for all classes, prime mutton being firmer by Is to 2s a head. Extra heavy prime wethers made -£2 0s 6d to £2 3s 9d; 112 from Mr. F. Iredale. Te Kuiti. averaged £2 Is lid; heavy prima £1 17a to £1 19s 6d, light to heavy 21 15s Gd to £1 17s, unfinished £1 12s to £1 15s. small unfinished £1 8s 6d to £1 lis, best prime ewes £1 15.« to £1 17s 6d, good ewes £1 13s to £1 lis 9d, other ewes £1 6s to £1 12s; 1G95 sold. Lambs penned in full supply, and. an in the case of sheep, a big proportion ware plain. Best lambs made £1 6s Gd to £1 8s 9d. lighter £1 4s to fil 6s, li?ht and unfinished 19s 6d to £1 3s 6<l; 610 sold. Fat and young calves came forward in average numbers, and fully maintained late high values. Runners made to £9 ss, heavy vealers £5 17s 6d to £7 Cs, medium £4 Is to £5 15s, lighter £3 to £4, light £2 to £2 17b 6d> email and freshdropped 16s to XI 17s 6d, weak and inferior 3s to 14s; 72 sold. Pisa were forwarded in 1

full numbers and maintained last week's improved prices. Choppers made to £4 In, heavy baconers £3 10s to £4, smaller £2 183 to £3 9a, large porkers £2 3s to £2 17s, others £1 18s to £1 Gs, slips £1 8s to £1 16a, weanera lis Gd to £1 6s; 32* sold. A' our monthly sale at Helensville on Monday, January 8, the yards • were comfortably filled and all classes eold freely at late high rates. Dairy cows and--heifers madejrom £6 15s to £13 15.v bulls £9 12s to £12 7s 6d; 35-year-old steers, in ieood condition £14 to £14 3s, fat cows. £10 10b to £13 103, store cows £7 10s to £10 ss, yearling to 18-month steers £7 to £8 14s heifers same ago £6 to £7 15s, calves £2 10s to £4 12s, weedy lambs 10s 9d, old ewes 12s 6d to £1 3s 6d, fat ewes £1 10b 3d. A pup donated by Mr. S. J. Frost realised 53 for the Belgian Fund and £1 8a fid for the Wounded Soldiers Fund, and a horse from Mr. John Hand made £2 for tho latter fund. ADDINOTON. [BY .TFJ.RCRAPH.— KRESS ASSOCIATION.] CHRISTCHTJKCH, Wednesday. rft the Addington stock market to-d.T there wero large entries of fat cattle and store sheep, but smaller yardings of fat sheep and fat lambs. Other entries were moderate. There were smaller offerings of fat sheep and lambs, no doubt due to the late rain, which will enable farmers to hold on to unfinished sorts. Fat lambs and fat sheep, as well a- fat cattle, were in keen demand at firmer rates, exporters operating freely. Fat laml i averaged fully BJd per lb over all. fat withers CM, and ewes 6}d. Store cattle sold v ell. Fat pigs were easier. Store Sheep: 11 ixed aexea iambs, 15s fid to 20s 4d; two-tenth ewes 2Gs Cd to 30s. four-tooth 28s 6d. four and six-tooth 24s 6d to 25s 9d, sound- nouthed 15s to 179. four, six and eight-toot i ewes and lambs 17s 3d to 19s Gd, two-to< th wethers 21s 2d to C7s. four-tooth 29s 8d four and sis-tooth IBs 2d to 29s fid, six ind eight-tooth 2Ss Id. Fat Lambs: Best 26s (Id to 32s sd, medium 22s Gd to 265, lighter 19s Gd to 22*. Fat Sheep: Pri ne wetherß 32s Gd to 38s 9d, lighter 27s »:> 325, prime Merino 32s to 34s 2d, lighter Merino 22s to 335, prime ewes 30s to 36s id. lighter 24s to 29s Gd, Merino 19s to 24 1 2d. Fat Cattle: Ex.ra prime steers to £23 prime £15 to £!0 10s, ordinary £10 10s to £14 15s, cxt:a prime heifer 9to £17. prime £12 10s to £15 7s Cd, ordinary £9 10s to £12, extra priiae cows to £17 15s, prime £12 10a to £16, ordinary £8 10s to £12. Store Cattle: leanings £2 10s, 15 to 18-months-old £4 12 6d to £5. two-year stores £6 5s to £6 17s 'id, two-year heifers £5 17s 6d to £6. three--ear steers £11. three-year heifers £8 3s tc £9 ss. dry covi £4 t* £10, dairy cows £5 to £17. Pigs: Chopper. £3 13s to £5. heavy baconers £4 12s to £5 3s, light £3 10s to £4 5s (price pei lb, 6Jd), heavy porkers 629 to 58s. light 44s to 50s (price per lb 7jd to Bjd), med um stores 36s to 40s, light 22s to 325, weanera lGs to 235.

PI'RXSTDE. [BT TELEGn.U 1 1.—press association.] DUNEDIN. Wednesday. . At Burnside to- lay there waa a large yarding of fair qualry fat cattle. Competition was keen at ope; ing, prices about on a par with last week's rates, but when butchers' requirements were supplied prices showed a decline of about 10s a head. Beat bullocks brought 17 10s to £19, extra prime heavy £21 15s. medium to good £14 10s to £16 10s, others £13. best cows and heifer £12 to £13 10s, extra prime to £17 10s, medium to good £10 to £11, others £8 and upwards, dairy cow 3 £7 15b to £14 10s, calves 6s to 84s. Fit Sheep: A good yarding, only a small percentage, of prime, the greater proportion being medium withers and ewes. Prices for prime Quality showed a slight advance, medium Quality and unfinished being about on a par with last week's rates. Best wethers brought 33s 6d to 365, extra- prime heavy to 41s 9(1, oilers 28s and upwards, best ewes 80s to 325, extra prime to 355, others 24s and upwards. Fat Lambs :_ A small yarding. There was good competition amongst butchers, one oiport buyer also operating. Prices were about on a par with last week's. Unfmißh«l lots went to g-aziers. Best lambs made 24s to 269. ettrv prime to 289 6d, medium 20s to 22s 6d, vnfinished 17s and upwards. ! Pigs: A small entry of fats, and a medium entry of stores. Fats showed an advance of 5s a, head on lant week's rates. Stores were not in such Veer; demand, and prices showed a slight decline.