COMMERCIAL.

New Zealand Herald, Volume LVII, Issue 17631, 18 November 1920, Page 5

COMMERCIAL.

THE PRICE OF GOLD. Australian and N Z Cable Association. (Reed. 11.30 p.m.) LONDON. Xov. IS. The price- of sold was quoted to-day at £6 Os 9d. the United States taking the 6mali quantity offered. WESTPORT COAL COMPANY. [BT TELEGRAPH. PRESS ASSOCIATION'.] DUXEDIN, Wednesday. The annual meeting of the Westport Coal i i Company was ted to-day. The " directors | j recommended the payment of a dividend of j one shilling per <?h&re for the halt-year ended September 30, 1920. absorbing £22,500, and fund£l<)oo ia 6 l ° employees' provident NEW CAPITAL ISSUE. ■ _??- "^ c ? ce {, Ltd.. the well-known Srm of K hardware merchants, of Christchurch. has issued a prospectus inviting subscriptions at par for 60.000 7 per cent, cumulative preference shares .free of income iqffi ♦ Keece. Ltd. \ nas incorporated in 1816 to acquire the hardware business founded in 18d6 by the late Mr. Edward Reece. l,lie rapid development of the business has calletl . for farther capital to meet such • expansion and to enable the company to j adequately deal with its increased turnover t capital was increased from ) £<,>.OOO to £1-5,000. and it is the increase ° capital that is now being offered to the public. • STOCK SALES. AUCKLAND. New Zealand Loan and Mercantile Agency *Jo.. Ltd.. report: — At West field on Thursday dairy cattle were penned m large numbers, selling nt A quotation.. - Best £16 10 £25. others ~9 10s to £15 158; aged cows and inferior heifers, £o 5s to £9 7s 6d. Store cattle, in j average numbers, sold about same as lost report. Empty cows, £5 os to £7 15s; bulls. £o os to £14 14s. according to quality; I lo to 18-month empty heifers £5 to £7 '• -o yearling £3 5s to £4 15s; yearling eteers i 4' 15s to £4 ss, IS-month to two-year ! £1 10s to £6 15s. On Thursday at Pukekohe we held Mr. A. P. Daysh'a clearing tale. There was a large attendance, and we report a most successful sale. The dairy cows sold to —33; yearling heifers, to £11: heifer calves. £4 15s: farm horse. £16: sows, sgns. to lOgns.; boar. 6gn3.: weaners. £1 to £2 ss. At Pukekohe on Friday we held a special dairy sale. Cows and heifers were penned m less than average numbers, selling at late quotations. Best £16 to £24. others £11 to £15 10s; aeed cows and inferior heifers, £6 10s to £10 10s; bulls, 6gns. to 15gns.; empty 18-month heifers. £6 to £7 10s. At art worth on Friday we held a special i horse sale in conjunction with our monthly cattle sale. More than the advertised numbers in both classes came forward. Buyers wer-> in strong attendance from Auckland ~ and surrounding districts, and we report a ] most successful sale. We quote: Dairy cows : and heifers, close to profit £10 10s to £11 15s. backward £6 to £9 10s; 2J to 3-year : steers £3 10s to £11. 18-month to 2-year . |>E5 10s (o £7 15s. yearling £3 to £4 ,15s; • calves, £1 10s to £2 10s; yearling to 2-year : heifers, £4 to £7 15s; empty cows and 1 1 heifers, £8 to £8 10s; fat cows. £8 to £10 i 10s: bulls. £5 10s to £2 10s; ewes with I lambs £2 6e; shorn wethers, £1 10s: un- . ; broken medium draughts £22 to £28, heavy 1 I £33 10s to £42 10s. medium £26 to £30; light ' harness sorts, £12 to £18 10s; hacks, £10 ' to £21; ponies. £1 to £7: weeds, 153 upwards, j At Henderson, on Monday, we had an : average yarding, and report a good sale. i ; Dairy cows, £14 to 19 ss; others. £ 7 to i ! £12 10s- bulls. £6 10s to 28gns.; empty I cows. £5 10s to £8 15s; yearling to 18 , ! months empty heifers, £5 to £8 15s; heifer : ' calves, £2 5s to £4;, yearling to 18 months . : steers, £3 10a to £5 15s. At Westfield fat stock market on WednesI day beef was penned in average numbers. ' I bidding was keen, with values easily on a [ j par with last report. Choice oxen sold to j | £2.ISs per 1001b., prime oxen £2 13s to £2 , 17s per 1001b., rough and inferior" oxen £1 I 19s to £2 7s per lt'ulb: cow and hsifer beef. ! £2 2s to £2 12s per 1001b. Steers sold at from ' | for best, £20 to £26 153 for a pen fatted by Mr. Benj. Keid. Wacrenga; others, £13 ' to 13 158; cows and heifers sold at from ' £ 8 to £ 16. - Some of the averages were:— J I 6 Leer 3 from Mr. Benj. Reid, Waerenga, ] I £25 Ids lOd; 1 smaller steor from same " { client. £21 10s; 8 steers from Haiton Estate, i Kaukapitkupu, £18 16s 3d; 43 steers from ! l Mr. W. H. Fitness, Rehia. £16 15s 10d: 1 ' 7 steers from Mr. A. S. Boler. Tauhoa. £ 17 r j Is; 16 steers from Mr. A. W. Hall. Papa"l toetoe, £17 4s lOd; 13 steers from Mr. D. ' ! Watkin, Takanmi, £17 ' 12s -, 4 small steers : j from Mr. S. Clark. Papatoetoe. £14 15s; . j 8 cows and heifers from Mangere. £14 16s 9d. i - Sheep were penned in average numbers, 3 ! selling under keen competition at improved - prices. Heavy prime shorn wethers. £1 18s i to £2 Is 9d; medium prime shorn wethers. £1 16s to £ 1 17s 9d; light prime and un- . finished shorn wethers, £ 1 13s to £ 1 153 9d; heavy prime shorn ewes, £1 16s 9d to £1 . 183 3d; medium prime shorn ewes, £1 lis 3d ' to £1 16s 6d; light do., £1 8s to £1 lis; • unfinished ewes, £1 2s to £1 7s 6d: woolly wethers. £1 13s to £2 5s 9d; woolly- ewe 3, " £ 1 6s to £ 2 03 6d; woolly hoggets, £1 3s' • to £2 0s 9d; shorn hoggets, £ 1 9s to £1 16s i I 6d. Liiirbs wers penned in large numbers, > ! prices being lower than last week's report; : Heavy prime lambs. £1 lis 6d to £ 1 16s 6tl; medium prime lambs, £1 8s 9d to £1 lis 3d; light prime lambs, £1 os to £1 8s Gd. • Calves' were penned _ in less than average numbers, selling at improved prices. Runners. £6 5* to £9 109; heavy vealcrs £4 4s to £5 7s: medium vealers. £3 5s to £4 ' 3s; light vealers. £2 os to £3 4s; smaller, \ £ 5s to £2 4s;-small - and fresh dropped. - 1 Us to £1 4s. Pigs were penned in extra 1 large numbers, receding in values, ChopJ pors. £7 15s to £8 12s 6d; heavy baconers. £6 19s to £7 - 14s; medium baconers. £6 5s to £6 15s: light baconers, £5 10s to £6 4s; heavy porkers, £4 15s to £5 9s; medium i porkers. £4 to £4 14s: light porkers. £3- 10s D to £3 -19s. Store pigs were keenly com- • peted for, selling at fully late rates. Slips, ' £2 las to £3 9s; weaners, £1 9s to £2 Bs. 5 Alfred Buckland and Sons. Ltd.. report; — At Westfield on Thursday dairy and store - cattle came forward in large numbers, and » sold at ruling rates. Best dairy cows sold up to £27. second-quality cows £14 to £18. others £5 10s to £13: best springing heifers up to £22, good heifers £12 to £16. smaller and backward £6 to £11: empty cows and heifers. £6 10s to £9 15s; three to four-year- ! old steers. £10 to £13 ss; two to .three-year-old steers, £6 10s to £9 10s: yearling to eightcen-months steers. £3 5s to £5 10s; heifers, same age. £4 to £7 10s; hulls. £8 • 10s to 23gns.: calves. £1 15s to £3: woolly , ewes with lambs. £2 Is. ( We held our monthly sal© at Turua on » Friday, and had a full muster. There was a i large attendance, and we report a good . clearance. Dairy cows and heifers sold at > from £7 10s to £22. according to quality; - fat . steers. £13 to £18 17s 6d; fat cows and 6- heifers. £9 10s to £14: empty cows and [ heifers. £5 5s to £9 9s: two to three-year-old [ steers. £6 5s to £9: yearling to euchteenr months stee's. £3 to £4 15s: heifers, same age, £3 Ins to £5 10s: calves. £1 8s to £2 7s. We held our monthly sales at Waiuku on Saturday, Pokeno on Monday. Runciman on Tuesday, and bi-monthly sale at Clevedon > on Monday. There were heavy entries at • all four centraf.. especially Waiuku. Buyer* - | were in attendance, and a good demand i existed for all (lasses at values similar to - those ruling lately. Dairy covfcs and heifers. £18 to £27 10b for first quplity. second grade £12 to £17 others £6 10s to £11: empty cows and heifers. £5 15s to £9p fat cows and heifers, £8 to £15 ss; fat steers £12 ' ' to £17 17s 6d: steers, 3| to 4-year-old £11 ; | to £13 103. three-year-old £9 to £10 10s. two 1 . to three-year-old £6 5s to £.$ 15s. yearling ' I to 18 months'£3 3s to £5 lost yearling to [ l two-year-old heifers. £4 to £8 10s; calves. 1 j £2 os to £3. smaller £1 fis to £2 2s; fat and " j forward store wethers. £1 lis to £1 16s Cd ■ - ewes. £1 3s to £1 10s; ho-?ets £l is to' r £1 4s 9d; Digs, porkers £3 10s to £5 ss. ' I stores £2 10s to £3 3s. weaners £1 Is to j £1 15s. j Yesterday, at our weekly Westfield fat i stock market, we sold fat cattle to the aura- ; b«»r of 323 head, comprising 212 steers, 108 ; ; cows ar.d heifers, and 3 balls. There was a keen demand throughout, and last week's improved values were- easily sustained, and in -Sons? cases exceeded. Extra choice ox. to £2 183 per 1001b.; choice and prims ox. £2 15s to £2 17s; ordinary and plain. £-2 10s _ £2 Us; rough beef. £1 10s to £1 18g ; cow and heifer beef, £2 to £2 12s; heavy prime, , steers ranged in price from £23 to £25 15«/ lighter prime £18 10s to £22 10s, light pr.-ne i £15 to £17 10s; small and unfinished steers. £10 10s to £14 10s; heavy prime cows. £15 to £17. lignter prime £11 Jo £14 103: other cows. £5 Ifis to £10 Ifts. The highest average* tor steers w<-re; Eight from Mr. Wm. Wright. O- ana. £23 10s; 10 from Mr. F. Ocrr. Ticnson Farm. Pan.ttmr*. £-21 <s 6<i - 95.. from , the Fsfsrvijw Land Co.. Miranda, . —.-j la M = 16 from Mr. Jos-nh Slatsr. Ptike- ' . tin. '-JO vs 60; sW f'otn Manger"? £15 ig s }-«: *»*»? {rem Mr. Q. T. Bayly'a Wharepapa jroMrt*. f"P 13« M: one truck ham Mr. • E. G. t hi 1 ""s Te K»ke (snn, Ke<ejisvi!le. - , >1? 2s Id; 13 from Mr. F-V Bull. A»«t. -\M»ng«re. £13 ISs 2CH: eijrh" from Mr. 'Dave E-nri-. P»'ak«i. H«!?aevtlJ«, £18 14« j j i'\. IS from South Kaip*rs. £1S 33 i ; «ieht fx read. £17 189 9d • eight from Mr. ! H. M?la-ns»a. £17 10*: 14 local, { £17 Si 1a"; 10 from Mr. Herb. Eilsit. ?huj rpala. Mancr-*r», £17 4s ?d; cine cows from I £13 As. The sheap t>ess were well I filled with a nice class of mutton. There was ; a strong inquiry with a, further rise in 1 va"!tss«. Uesvy prime woelly wethers. £2 2* 1 to £2 ss; » few extra, heavy prime woolly , j wethers mado £2 12s 6d; heavy shorn weth- „ ? ers. £1 ISs 6d to £2 2s: tnedi'.rm to heavy . 1 prime shown wethers. £1 ISs fd to £1 19s: | lighter and iirJiaished prune shorn wethers, ; £1 13s to £1 18«: heavy trine vrcollx em i /'I Jss to £1 j'Vj ; shorn crime , ewes. .. . £1 57s to £1 19s 3d; lighter prhce sham . j e-we». £1 tt<i tr> £1 36* Gd: other gborai enre*. £1 l"s to £1 13s: eMail 'hnrti hnzget*. £1 Is ' *0 £] fs flttl soldi. Serine lambs were i synced extra large nnraHers—an menue 4 1 . 183 en last week's entry. There was a e'eady j demand, but the big mtvoiy aceeunt-sd for ts i p'tsi of Si to 8s a- head os ruling hiah values i Best heavy soy si from £1 10s fid to £1 13? 3d lighter prime £1 7s ed to £1 lof. lizhi t prime £1 Is id to £1 7s dO6 soldi. Fat and , -WSSS ';*'•"*» o*me forward in average namv T-",-., Competition was keen, . with rslff* I siightly better than last -reek's report Rap-

cers made from £6 5s to £10. heavy dealers £4 15s to £6. medium £3 10s to £4 10s. light £2 7s to £3 ss. small .41 to £2 3s. fresh dropped 8s to ISs (141 sold). Pics were yarded in extra large numbers, which comprised mostly baconcrs of good Quality. There was a. steady demand, but. values receded on last week's' Quotations. Choppers, to £7; medium to heavy baconers. £6 15s to £7 9s: light baconers. £5 10$ to £6 ss: heavy corkers. £4 5s to £5 ss: light to medium corkers. £3 10s to £4; slips £2 15s to £3 ss: weaners. good. £1 15s to £2 9s <438 sold). ADDING TON. [BT TELEGRAPH.—PRESS ASSOCIATION.] CHRISTCHURCH. Wednesday. There was a large yarding at Addington to-day, and a. drop in prices b%th in beef and mutton. I Store Sheep.—A very small yarding, mostly | hoesets and ewes and lambs, -which, the wool ! outlook notwithstanding, practically main- '■ I tained recent values- Sound-mouthed ewes ! and lambs (all counted) made '21s 9d to 22s lOd. sound and failiSg-monthed (all counted) i | LOs 6<l to 21s. aged and inferior (all counted) j j 14s Id to 15s 6d: four-tooth drv ewes 29s i I 3d. two. four, six. and eight-tooth 22s Id, ! [ aged los 6d: fairly good wether hoggets, 26s ! lad to _26s 7a; good mixed sex hoggets 27s i 6d. inferior 20s .3d to 21s lOd. cull 17s to ! j Its 10a : good mixed sex shorn hoggets, 255; 1 ! two and four-tooth wethers. 27s lCd ; fcur ■ i and and six-tocth halfbred wethers, 33s lCd. 1 j Lambs.—Nearly 300 lambs wers» penned, ' and they sold strongly. Values ranged from j 30s to 4is for a few specially prime sorts. . at Sheep.—The market opened at satis- \ factory rates, but half-way through the do- • mand eased and toward the finish lines j vrero difficult to sell. There* was a drop 1 °' 4s Per head between the commencement 1 and the end of the market. Extra, .prime i vrooUy wethers 565. prime 4os to 525, medium , 39s to 44s 6d, light and unfinished 3&s to I 3Ss 6d; prime shorn wethers 39s 6d to 46s 3d,, medium 34« 6d to 395. light and ununished 25s 6d to 33s 9d; extra prime woolly ewe* to 51s, . prime 39s to 41s, medium S4s to 3Ss 6d. lisrht and unfinished 2Ss to 33s Gd; extra prime shorn ewes 435, prime 34s 6d to 39s 6d. medium 28s to 345, light and unfinished 22s 6d to 2Ss 6d. Fat Cattle.—A particularly good quality yarding, comprising good Ota so and South Westland drafts. The entry was above requirements and .a drop of from 50s to 60s was experienced. Extra, prime steers £33 10s to £37 ss. prime £25 to £32 12s 6d, medium £1S to £24 7s 6d. light cad unfinished £10 to £17; prime heifers £14 5s to £20, lighter £10 to ,£l6 10s; prime cows £14 5s to £20, ordinary £11 17e 6d to £14 12s 6d. light and unfinished £9 to £11 10s. Store Cattle.—An easier demand. Boilers. £6 10s to £8 os; 18-month steers, £6 123 6d: bulls. £13 15s: good store cows. £S 10s. I Dairy Cattle. —A poor Quality yarding, ! which was difficult to quit. Good springing heifers made to £20 ss. ordinary £S to £14; specially goad young dairy cows £15 to £26 ss, olde>- and backward £8 to £15. Vealers. —Runners, £9 ss; good vealers £7 17s 6d. medium £4 16s; inferior calves. 12s to £2 Ss. Fat Pigs.—A general ejus ins ill prices. Choppers. £9 to £13: light baconers £5 15s to £6 10s. heavy £8 to £8 10s (average price per lb., lid to Hid); light porkers £4 10s to £5. heavy £5 &s to £5 12s 6d (average price per lb.. Is lid to Is 2d). Store Pigs.—A rcuch easier demand, except for weaners. Medium' stores £3 lCs to £4 4s, small £2 12s to £3 6s; good weaners £2 16s, small £1 123 to £2; sows in pig, £7 10s to £10 10s. HIDES, SKINS, AND TALLOW. Abraham and Williams, Ltd.. report having held their -weekly sales of skins, hides, and tallow on Tuesday, as follows; — —Market lower. Cow, beat 7d to "id. medium 65d to 6Jd, rough 4!d to sd. damaged lid to 2d. cut 3d to 3}d; ox, extraheavy Old to lOd, heavy 9d to 9jd, medium Sd to 8!d, light 6}d to 6Jd. cut 4d to 4id. damaged 3d to 3*d; yearling. sid to 6d, cut 3d to 3ld. damaged lid to 2d; calf, good 12d to 13d. medium lOd to lid, heavy 7c to Bd, damaged lid to 2d. cut 4d to od; horse, large los to 16s. small 7s 6d to 83 Cd. medium 10s 6d to 12a 6d. Tallow.--Shipping casks. 50s: casks, best. 40s to 425, medium 363 to 37s 6d. rough 30s to 32s fid per cwt; tins, best 355, ordinary 30s. dreggy and burnt 25s per cwt. Bones.—Good, dry, £8 10s to £9 per ton. PROPERTY SALES. Smith and. Halccmbe report having sold at their auction eale yesterday the St. Hellers Bay house for £600. The house at Liverpool Street, City, failed to reach the reserve. The sale of the sections, Arowa Street. Devonport, had to bs postponed, owing to the owner not having obtained tho council's permission to the subdivision. Tlio plans are now befrre tile council,' and tho date of the Balo will be announced later.