AUSTRALIAN LAMB.

New Zealand Herald, Volume LXI, Issue 18896, 19 December 1924, Page 9

AUSTRALIAN LAMB.

SHIPMENTS FOR ENGLAND.

[BV TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON. Thursday. The New Zealand Meat Producers' Board has received a cablegram 110 m its representative in Australia advising that 2-17,550 carcases of lamb were exported from Australia for the fortnight ended December 12.

BANK OF NEW SOUTH WALES,

GREAT VOLUME OF BUSINESS.

REVIEW BY CHAIRMAN.

Th-i ordinary general meeting of the Bank of New South Wales was held m Sydney on November 28. The chairman. Mr. Thomas Buckland, in moving " lc adoption of the report and balance-sheet, said that the note circulation in New Zealand had decreased by £150,000, and. ntanciing at £481,000, was now lower than it had been for years past. Deposits were £731,000 lower than at this time last year, but the disappearance of the cross entry of £921,700 for war gratuities more than accounted for the difference. The bill payable group showed a decrease of £ 1,132,000, which was caused by a reduction of some £730,000 in London commitments. Tho remaining balance of £400,000 was well distributed among the other items of tho group, and was normal. Tho reserve fund, now £4.150,000, hod increased by £'250,000. On the assets side, coin, nolos and cash balances at hankers showed » reduction of £1,618,000; London items and other banks, an increase of £402,000, and securities a decrease of £ 070,000—in all. £2,156,000. Ot this, £1,201,000 appeared in increased advances, and tho balance was reflected ill tho decrease in bills payable. "So that you may have some idea of tne magnitude <>f our London and foreign business," added tho chairman. "I may mention that our transactions for tho ■ months ended September 30 last, to and from London, were approximately£ss,ooo,ooo. but the margin of profit thereon was unu°u:iliy small, owing to the high premiums which we have had to pay for transferring our funds back from London."

The chairman indicated that the meetings of the bank would in the future be held annually, instead of half-yearly, as formerly.

THE PRICE OF GOLD.

Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON, Dec. 17. Gold is quoted at 88s lOd per oz., compared with 88s 8d on December 10.

AUSTRALIAN PRODUCE. Australian and N.Z. Cable Association. (Reed. 11.55 p.m.) SYDNEY. Dec. 18.

Oats.—Tasmanian. Algerian, 3s Cd to 4s; white, -is 3d to 4s Od. Maize.—Yellow. 4s Id to 4s 2d; white. 4s.

Potatoes.—Local. £1 to £7. Onions.—Local. £8: Viotorian. £11. At Adealide oats are quoted at '2s c Jd.

stock: sales.

HAMILTON.

The Farmers' Co-operative Auctioneering Company, Ltd., report:—At Frankton yards on Tuesday, December 16, we held our weekly stock sale when we submitted a small yarding of sheep, and a. good yarding of cattle and pigs. The few sheep that were ■yarded met with keen competition. B<*ef was also in keen demand, while store cattle sold at late rates. Fat pigs were a little easier, but stores sold under keen competition. Wt quote:—Light fat steers, £9 7s 6d; fat heifers. £G to £6 '2s; heavy fat cows. £6 153 to £7 15s; lighter sorts, £o to £6; unfinished. £4 5s to £4 15s; store •cows, £2 10s to £3 53; best dairy cows, £9 5s to £11: . others. £ 6 to £8 ss. Sheep: Prime fat wethers, £2 10s; fat lambs. 33s to 3os. others, 30s. Pigs: Heavy baconers £3 2s to £3 Gs; lighter, £2 15s to £2 18s; best porkers, £2 10s to £2 13s; others. £2 Gs to £2 8s; slips, 28s to 325; weaners. 18s to the New Zealand Loan and Mercantile Agency Co.. Ltd.. Hamilton, report :—At the Hamilton sale on Tuesday beef come forward in more than average numbers, a fair proportion of it being prime quality.' „ j entry of fat sheep was small, but appeared equal to the demand. We quote:—l< at billlocks. £11 17s Gd to £13; 10s; fat cows. £6 17s Gd to £8 7s Gd: killable cows £o to £o 15b • forward cows, £4 to £4 12s; fresh co\\s. £3 to £3 10s; 15-months steers. £2 La Gel: Jersey-cross heifers, r.w.b., 10s to £3 JL. grown bulls. £3 to £5 ss; fat ewes. £1 «s; fat lambs, £1 lfis. Pigs: A large entry of both fat and store pigs. I' ats were much easier than previous sales. Stores also declined in value. Prices realised were;— Heavy baconers, £3 to £3 7s;. medium baconers. £2 12s to £2 18s; heavy porkers, £2 9s to £2 14s; light porkers, £2 4s to £2 8s; choppers, £2 to £2 15s; largo stores, £1 ISs' to £2 2s- good slips. £1 5s to £1 10s; weaners, 16s to £ 1 3s; small weaners, 153 to 17s; sows, close to farrowing, £3 2s Gd to £3 15s. FRANKTON.

Messrs. Dalgety and Company, Limited, report having ~held their usual weekly stock sale at Frankton saleyards on luesday last. There >vas only a small yarding ol sheep, which sold at late rates. Medium weight fat ewes made 2Hs Gd to 30s 2d; prime fat lambs to 345. There was a fairly large yarding of cuttle, including a good number of beef. O:: beef sold at equal to 80s per 1001b'; cow and heifer beef sold at equal to 25s per 1001b. Best bullocks sold up to £12 Cs Gd; small bullocks. £8 to £10 10s; vealers, 20s to £2 10s ; prime heavy cows, £7 to £8 10s; light-weight cows and heifers, £5 10s: forward-conditioned cows made up to £4 10s; medium cows, £3 15s to £4 2s Gd; 4-year-old bullocks in store condition, to £7 3s; 3-year old steers, £5 10s. Bulls made up to £4 10s. Dairy cows sold from £3 10s to £8 10s, a heard averaging about £4 ss. There was a fair yarding of pigs. Owing to the near approach of the holidays export buyers were not operating, and prices were fully 20s per head lower than late rates for baconers and heavy porkers.

TA.UMARTJVUI.

[B«T TELEGRAPH. —OWN CORRESPONDENT.]

TAUMARUNUI. Thursday.

At the fortnightly stock sale there was a good ull-round yarding of stock and a good attendance of buyers. Bidding was keen for some lines. Pigs were not wanted and bidding was rather apathetic. A number of pens were passed at auction and the remainder sold cheaply. There was a fairly full yarding of sheep including the first line of lambs on the market for the season. The quality was fairly good and most of the lines brought good prices. Tho cattlo yard was also well occupied with good Christmas stock, mostly steers. Tho prices for nigs were:—Sows, 20s; porkers, 27s to 31s: slips, 10s to 14a. Sheep: Wethers, 29s to 40s 3d; ewes, 23s fid to 403 3d: lambs, 23s lOd to 2Gs 6d. PROPERTY SALES. Messrs. Samuel Vailo nnd Sons. Ltd., will hold an auction sale at their rooms. 83, Queen Street, at 2 p.m. to-day, when the following properties will be submitted: House of 5 rooms in Sackville Street, Grey Lynn: and three properties, at the request of mortgagees, under conduct of the registrar of the Court, comprising IVil acres, near Mercer, a house at No. 3.». Milton Road. Mount Eden, and n property at. No. 15, Devon Street. Newton.