AUSTRALIAN GRAIN.

New Zealand Herald, Volume LXIII, Issue 19488, 18 November 1926, Page 11

AUSTRALIAN GRAIN.

PROSPECTS FOR HARVEST. GOOD RETURNS ANTICIPATED. A. and N.Z. MELBOURNE, Nov. 17. The Commonwealth meteorologist, in a review of the prospects for the grain harvest, says the total yield in Queensland will not exceed 500,000 bushels. The grain is good and the seed supplies are assured for the next year. The outlook in South Australia has been improved by good rains. The Victorian crops, generally, are looking well and good returns are anticipated. In Western Australia good rains have been maintained and there is early promise of an excellent yield. There should be record crops in many districts. In New South Wales good yields from the early-sown crops are practically assured, but the late crops are backward, thin and weedy. These require good rains and cool weather for satisfactory returns.

HAMILTON STOCK SALE. X THE RANGE OF VALUES. Reports on the weekly stock sale at Hamilton on Tuesday are as follows: The Farmers' Co-operative Auctioneering Company reports:—We had a (air entry of beef, fat sheep and store pigs and a small entrj; of store cattle. Beef was easier, prices ranging from 15s to 20s a head lower than the previous week for cow and heifer. Sheep were firm and fat pigs were about the same, equal to s|d. We quote :—-Heavy prime cows, £8 6s to £8 10s; prime, £7 2s 6d to £8; prime heifers. £9; plain and unfinished, £4 lis to £5 15s: shorn 2-tooth fat wethers, 20s 9d to 21s: prime heavy shorn ewes, 233; fresh-conditioned empty cows, £3 7s to £3 17s: yearling Jersey-cross heifers, £3 10s td £3 17s 6d: choice dairy cows, £9; small yearling Jersey-cross heifers, £2 2s; prime heavy baconers, £3 12s to £3 18s: medium baconers, £3 4s to £3 7s: choice porkers, £2 8s to £2 17s; choppers, £2 10s to to £3 10s; slips. 36s to 395; good stores, £2 5s to £2 lis; best weaners. 26s to 31s; others, 18s to 245.

Dalgety and Company, Limited, reports: There -was a moderate yarding of beef. The market was slightly weaker, although prices were practically the same as last week'. No bullocks were yarded. Best young cows and heifers made up to £9 2s; ordinary Quality cows and heifers, £6 IBs to £8; inferior, £4 15s to £5 ss: runners, to £3 2s vealers, 365, to 455. There was a very large yarding of store cattle. The demand for stoic cows was very weak and the 200 yarded were all passed in. The 800 15-months-old steers met with a better demand, and Polled Angus steers made £4 10s; Hereford steers, £3 18s; Shorthorn steers. £3 10s to £3 17s, the majority beiiur sold; inferior yearling, 20s to 455; dairy cows,. £4 6s to £7. Sheep were yarded in average numbers. Prime fat woolly wethers made 335: prime woolly ewes. 225: shorn ewes, 17s fid to 21s: shorn fat wethers. 22a to 24s 3d; shorn fat hoggets, 19s to 21s; spring lambs, light, 20s: forward wethers, 10a 8d; woolly store ewes. Ms 6d. Pigs were yarded in average nnmberu, both fat and stores showing improvement on last week's values. Heavy baconers made £3 12s to £3 19s; medium. £3 4b to £3 lis; heavy porkers, £2 16s to £3 6s; light. £2 10s to £2 16s: choppers. £3 10a to £4 4s: large stores, £2 2s to £2 12s: slips, 30s to 38s; weaners, 20a to 325; small, 12a to 19s. The New Zealand Loan and Mercantile Agency Company, Limited, reports :-~Cow beef was penned in average numbers. ButcherB 1 requirements were limited and prices easier. A good yarding of store cattle met with a sluggish demand, and the line of store cows advertised failed to reach the vendor's reserve. Fat sheep declined "lightly in value Prime fat cows made £7 6s to £8 15s: fat heifers, £7 Is to £7 8s; light fat cows. £5 10s to £6; rough fat oows. £3 IBs to £4 lis: springing heifers. £7 to £9 Ea: dairy cows, £5 10s to £8 10s; fat ewes, woolly, £1 ss: shorn fat wethers, £1 4b: shorn hoggets. 19s 3d; fat lambs, £1 4s to £1 6s. A good yarding of both fat and store pigs came forward, all classes meeting with fair competition. Heavy baconers made £3 16s to £4 3s; medium baconers, £3 to £3 14s: light baconers and heavy porkers, £2 15s to £3 ss; porkers. £2 8s to £2 18s: stores. £1 18a to £2 2s: slips. £1 8s to '£l 14s : i; weaners, 17s to £1 ss.

WOLSELEY MOTORS, LTD. COMPULSORY WINDING-UP. Australian and N.Z. Cable Association. (Reed. 8.5 p.m.) LONDON, Nov. 16. Mr. Justice Eva to-day ordered the compulsory winding-up of the Wolseley Motors, Limited, on creditors' petition. TRADERS' FINANCE CORPORATION The annual meeting of shareholders of the Traders' Finance Corporation, Ltd., was held on Tuesday, Mr. R.< Burns, ch irman of directors, presiding. The report and balance-sheet, a summary of which appeared in the Hebat.d on November 10, were adopted. The chairman said business had not been very easy during the past year, due partly to the excellent"' economy campaign, backed by the press and some public speakers. 'This could not but have a detrimental effect on such a business as theirs, However, they had been able to employ all the paid-up capital to good advantage. 1

• The balance of the preference shares had been allotted daring the year,'and it was not proposed to issue any further preference snares until the volume of the business had increased suitably. The original ordinary shares had all been called up at 10s, and a further number of ordinary shares had : been issued. The recommended dividend was 7 per cent., and, although the profit earned would have enabled a much higher dividend to be paid, the directors thought it advisable to adopt a conservative policy until a strong reserve fund had been established. The two retiring directors, Messrs. H. T. Goldie and J. B. Macfarlane, were reelected, and Mr. I. B. D. Esara was reappointed auditor.

THE . PRICE OF GOLD. Australian and N.Z. Cable Association. (Becd. 8.5 p.m.) LONDON, Nov. 16. Gold is quoted to-day at 84s 9§d per oz.