HAMILTON STOCK SALE.

New Zealand Herald, Volume LXV, Issue 19896, 15 March 1928, Page 7

HAMILTON STOCK SALE.

HIGHER RATES FOR BEEF.

Reports on the weekly stock sale at rrankton on Tuesday are:— New Zealand Loan and Mercantile Agency Company, Limited.— We had a medium entry of beef, which showed a further rise in values. A small yarding of store cattld met w m a * a!r demand, and springers sold well. A good entry of fat and store sheep was sold under strong competition, and fully maintained late rates. We quote: Fat heifers, £8 ss: fat cows, mediumweights, £8 to £8 10s: light fat cows, £5 15s to £G ss; heavy vealers, £3 19s to £4 16s; light, £1 12s to £1 15s; boner cows, £2 10s to £3 103; dairv cows, close to profit, £8 5s to £lO ss: others, £6 10s to £7; Jersey wearier heifers, £2 7s Sd; Jersey cross heifers, £1 5s to £1 9s: fat wethers, £1 8s to £1 10s; light wethers, £ 1 4s 3d to £ 1 5s 6d; prime fat ewes, £ 1 2s 9d to £ 1 4s 3d; medium ewes, 17s 6d to ,£ 1 Is; fat amd forward woolly lambs. 19a 6d to £ 1 2s 9d; store woolly lambs, 14s 4d to 14s lid; good shorn lambs, 13s 6d to 14s Id: medium, 10s 9d to lis 9d; four and five-year-old ewes, £1 to £1 3s 6d; others, 13s Sd to 19s. A fair entry of fat and stole pigs came forward. Prices for store pigs showed an improvement on last week's sale, rates for fat pigs remaining on a par with late rates. We quote: Heavy baconers. £3 18s to £4 4s; medium baconers. £3 7s to £3 15s; light, baeomers and heavy porkers. £2 12s to £3 3s; porkers, £2 to £2 8s; unfinished porkers, £1 10s to £1 15s: stores, 16s lo £1 2a; slips, 7s to 12s; weaners, 3s to ss. The Farmers' Co-operative Auctioneering Company.—We had a moderate yarding of fat cattle, the quality being principally plain. Choice prime beef sold firm at advanced rates. A full yarding of fat and store sheep was submitted, and the former were in strong demand. Rates for store lamb 3 made a sharp rise. There was also good competition for breeding ewes. The market was again strong for fat pigs. Quotations—Beef: Good quality light to medium prime steers, £9 2s 6d to £lO 10s; extra choice-prime heavy young cows on account of Mr. F. Norriah, Ohaupo, £ll 17h 6d; prime heavy cows, £9 6s to £lO Sk Gd: mediumweight cows amd heiferß, £7 10a to lighter, £6 5s to £7; plain cows, £5 5s to £5 Its: unfinished, £3 14s to 3T3 4s. Sheep: Prime fat wethers, sold to 295; prime ewes, 24g 8d to 2Cs 3d; lighter, 22s 4d to 24s 4d; others. 19s Gd to 19s 10d; prime heavy woolly lambs, 27s 9d to 28s 6d; two-tooth store wethers, 22s 7d; small two-tooth ewes. 2?.s 3d: mixed aged, breeding ewes, 18s to 19s 2d; low-conditioned, sound-mouthed ewes. 14s 9d to 15s 9d; good framed failing-mouthed ewes, 15s to 16s; others, 10s to lis; well-grown early shorn Romney wether lambs, to 17s 2d; medium, 13s 5d to 14s 7d; fair mixed Bex shorn lambs, 13s 2d to 13s 4d: sma,!!. 8s 9d to 9d sd. PigS: Heavy bacoriers, £4 to £4 4s; good baconers, £3 15s to £3 18e; medium, £3 8s to £3 12s; good porkers to light baconers, £3 to £3 3s; lignter, £2 5s to £2 15s; unfinished, 35s to £2; choppers, £1 15s to £3 12s; slips, lCs od to £1; weaners, 4s to 9s. mi Dalgety and Company, Limited.—There was a moderate yarding of beef, with prices firm at late rates. Prime flight steers made up to £lO 10s; young prime cowa, to ia 108; ordinary quality cows. £6 15s to £7 17b 6d; light fat cows, £4 17s 6d cO £6 ss; vealers,. light. £2: store cows, £3 10b k Jersey cross calves, 295. There was a large yarding of sheep. There 'was a good demand for stores and prices were higher than last week. Our entry consisted of 1527 sheep and lambs, and practically all sold at the following rnt.es:—l2B shorn 6we lambs. 15s 6d: 33 woolly lambs, 17s; 17 woolly wether lambs. 15s 9d: 283 well-grown early shorn wether lambs. 18s; 117 shorn wether lambs. 14s 4d: 46 Down • cross lambs. 13s: 110 four and six-tooth ewes. 25n 3d: 160 four and five-year ewes. 21s Gd: 60 cull ewes, 12s: 103 mixed aged ewes, 17s 6d; Shropshire ranis, £4 4s. Heavy baconers realised £3 lfis to £4 3s; medium,' £3 Ss to £3 14s: light norkers, £2 to £3 Ss; best porkers, £1 18s to £2 3s: light porkers, £1 8s to £1 14s: stores, IGs to £1 ?s; slins, 8s to 12s: best weaners, 4s to 7s: others, 2s to 4s.

OTHER COUNTRY SALES. The New Zealand Loan and Mercantile Agency Company, Limited, report:—We held sales during the past week at Westfield, Pukekohe (cattle and pigs), Warkworth (cattle and sheep), Tuakau (sheep fair), Paeroa (cattle), and Ngatea (cattle). All classes of cattle and sheep sold readily at late values, and at Tuakau, sheep especially sold well. At Pukekohe on Thursday we repQrt most satisfactory prices for fat pigs. W'e quote;— Best dairy cows and heifers, close to profit, £lO to £l4 10a; others, £7 to*£9 17s 6a; backward springers, £5 to £1 10s; aged cows and inferior heifers, £2 10s to £4 17s 6d; bulls, £2 10s to £8 15s; empty cows, £2 to £3 15s; weaner calve 3 and heifers, £1 to £3; steers, 15b to £1 15s; yearling to 18-months heifera, £2 10s to £5 15s for best; yearling to 18-months steers, £2 10s to £3 15b; 2 to 21-year steers, £4 to £4 17s 6d; 3 to Siyear steers, £5 to £5 17s 6d; 4 to 41-year steers, £6 to £6 12s 6d; grown steers in forward condition, £6 153 to £7 17s 6d: 2tooth ewes, £1 6s to £1 Us 9d; 4 and 6tooth ewes, £1 5s to £1 9s; P.P.M. ewes, IBs to £1 4s 6d; sound mouth to failing, 12s to 17s 6d; other ewes, 73 6d to lis 6d; store lambs. best, 13s to 17s 6d; others, 6s to 12a 6d: store wethers, 17s 6d to £1 4s 6d; Southdown rams, 71 gns. to 9J sens. Alfred Buckland and Sons. Limited, reoort:—Durincr :the week we held sales at West field. Wellsford. Turua. Helensville and Tuakau. Wa also held a sheep fair at Clevedon. Cattle and sheen of all classes are meeting with a ready sale. Pigs are also in demand. . the recent advance being sustained. Best dairy cowa at profit made £l2 to £ls 103: good cows, £9 to £ll 15s; others, £5 10s to' £8 10s; aged and inferior cows. £2 10s to £5: best springing heifers, £9 to £ll 10s; good average heifers. £6 10s to £8 15s: small and backward heifers. £3 103 to £6: empty young cows, £3 10s to £4 12s 6d: store cows. £1 15s to. £3 ss; heavy r>rime young cows and heifers, £7 to £9. 10s: lighter. £5 to £6 17s 6d; boner cows, £2 to £4 15s; light fat steers, £9 to £lO 15s; eighteen-month to two-year-old in-calf dairy heifers, £4 to £0 10s: other heifers. £2 10s to '£4 10s; fresh-con-ditioned four to four and a-half-year-old steers. £7 5s to £8; three to four-year-old steers. £5 10s to p G isg : two to three-year-old steers. £4 10a to £5 10s: yearling to 18-moijth-old steers. 15s to £4 7s Gd: best calves. "£2 to £2 l"s; smaller calves. £1 8s to *1 17s: small calves, 18s to 2Gs; heavy bulls. £5 10s to. £8 10s; sound young herd bulls, £4 4s to £" 7s: other bulls. £1 10s to £4: fat wethers, £1 Ps to £1 9s 9d : fat, and forward wethers, £1 5s to £1 7s Gd: store wethers,',£l lfi to £1 4s: best six and eight-tooth ewes. £1 6 s to £1 fir 3d: smaller ewes. £1 to £1 ss': small two-tooth ewe" ,£1 Is to £1 4s; b°st. four arid five-year-old ewes. ISs to 225; others. 15? to 17s Gd: older ewes. 12s to 14s Gd: cull ewes. 7s to 10s Gd: best woollv lambs. 16s to IPs: smaller. 14s to 15s Gd ■ small, lis 13s Gd: best shorn lambs. IJs to lGs'; smaller. 12s to 13s 6d; small. fi3 to lis Cd. RATES AT ADDING TON.

STORE SHEEP IN DEMAND. [BY TELEGRArH. —PRESS ASSOCIATION.]] CHKIdTCHUKCH. Wednesday. At the Addington market to-day tho largest entry of the season in breeding ewes was forward. Fat lambs, fat Bheeji and fat cattle were all in light supply. . ,Store Sheep.—Over 30,000 were forward in this section. Lambs were fewer than usual and as a result of the increase in the price of export lamb and the excellent ieed prospects, owing to the recent rains, there was a sharp advance in values, ranging from.2s to 2s 6d a head. The ewe market also showed an advance. Sheep bought at last week's North Canterbury sales were turned over at 4s to 6s profit. Extra good twotooth halfbred ewes sold up to 425; ordinary two-toothed halfbred ewes, 34s Od to 375; good two-toothed crossbred ewes, 35a to 39s- ordinary two-toothed crossbred ewes, 30s to 34s TJd; cull and inferior two-toothed Komney ewes, 25s to 28s; four, six and eight-toothed Romuey ewes, 25s 6d to 28s 9d: inferior four, six and eight-toothed crossbred ewes, 20s to 24s Gd; good four-tc-othed crossbred ewes, to 40s; inferior* four and six-toothed Romney ewes, 22s to 26?; good four-year halfbred ewes, 28s to 29s 6d; ordinary four-year halfbred ewes 24s 6d to 265; sound and failing-mouthed halfbred ewes, 20s to 25s 6d; failing-mojitned halfbred ewes, 16s 6d to 2!s; aged ewes. 5s 6d to 15s 9d: good two and four-toothed crossbred wethers, 23s fid to 25s 7d; twotoothed halfbred wethers. 19s 6d to 235; four and six-toothed halfbred wethers, 21s to 23s 6d: four and six-toothed crossbred wothers, 21s to 235; forward lambs. 22s to 25s 6d; medium wether lambs, 17s 9d to 21s; small and inferior larnba, 13a 9d to lGs; cull lambs, lis Cd to 13s. Fat Lambs.—As a result of the improved prices in the schedule for export there was a keen ealo, the prices being at a full lOd a lb. for lighter sorts and; 9d to 9td for heavy sorts. Extra prime lambs made up to 34s fid; prime. 30s to 335; medium, 27s to 29s 9d; light 24s to 20s 9d. Fat Sheep.—Values were up by Is to 2s a head, exporters having to exceed the schedule export rates for the small proportion bought by them. Extra prime heavy wethers made 38s lOd; prime, 33s 6d to 3fis; medium. 80s to 335; light, wethers,. 25s to 295; extra prime ewes, to 35s 6d; prime, 25s to 30s: medium, 21s fid to 245; light, 18s fid to 21s; aged, 14s to 18s. Fat Cattle.—Prices improved by 20s a head for good cattle. Best beef touched 40s per 1001b.; good made 36s to 38s fid: medium, 33s to 35s fid; heavy, 338 to 365; good' cow beef, 31s to 345; medium, 28s 6d to 30s. Heavy prime steers brought up to £l6 12s fid; medium prime-weight steers. £l3 to £ls 10s". medium class steers. £ll to £l2 15s; light steers. £8 to £lO 10s; extra prime heifers, £l2 to £l4 12s _od: prime heifers. £9 10s to £ll 15s";. medium r.eifers, £8 to £9 7s 6d; light heifers, £5 10s to £7 15s; extra prime cows, to £ll 12a fid; prime cows. £9 to £lO 355: medium cows, £6 15s to £8 la; aged cows, £4 15s to £& 10a - m . Vealers.-—A keen sale, "we've to 18montha sold made up to £8; vealers, £3 10s to £6 10s; small sorts. 2ofc to 553; calves, 5s to 15s. Store Cattle.—Two to three-year steers, £fi firs; good cows, £4 to £5; others, 25s to £3 10s; bulls. £3 to *£B 10s.

-v !: ' b': - Dairy Cattle.—A good sale for cowi allowing milking qualities. Best, £8 10s to £l2; others. £3 to £8; beat heifers, £8 10s to £l3 ss; others. £4 10e to £B. Fat Pigs.—Choppers. £2 6s to £6 18a 6d: baconers, -55s to £4 18s 6d (average price por lb., 5d to 6id); porkers, 38a to 53s (average price per ]b., 6Jd to 7Jd). Store Pigs.—Weaners made 4s 6d to 7s Sd; litters, 8s to 10s 6d; small stores. 13s to 17s: medium, 18s to 235; good, 24s lo 28s: extra good, to 325.

HUDDART-PARKER, LTD. DIVIDEND OF 14 PER CENT. A dividend of 10 per cent, and a bonus of 4 per cent, on ordinary capital have been paid by Huddart-Parker, Limited, for the year ended December 31, 1927. Ths directors' report mentions the stranding of the Riverina, and her subsequent abandonment, the purchase of the tug Foremost for the Adelaide towage trade, ar;d the selling of three old vessels, Westr&lia, Coogee, and Courier. Following is a comparison of the company's results and appropriations for the last three years:—

1925 1926 1927 Brought forward £29,290 £29,406 £IB,BBB Net profit .. 123,366 141,063 143,006

£153,156 £170,469 £161,894 To reserve Dividends — Pref., 6 p.c. . 30,000 30,000 30.000 Ord. rate, p.c. 12J 16* 14 Amount .. 93,750 120.000 105,000 Carried forward £29.406 £IB,BBB x £19,017 'lncludes jubilee bonus of 5 per cent. With the appropriation from profits and the transfer of the surplus from the disposal of several assets, the addition to the reserve fund is £IO,OOO, making it £380,000. The insurance fund is £285,904, an increase of £8750, and the reserve for contingencies £580,212, an increase of £16,069. The company's steamships, plant, properties and shares in other companies arß shown in the balance-sheet at £1.078,007, and Government stocks and other investments at £1,410,871.

COMMONWEALTH BANK. THE HALF-YEARLY, REPORT. The half-yearly report of the Commonwealth Bank shows a total profit in all departments for the period ended December 31, of £870,741. To this profit banking business contributed £322,810, the note issue £534,561, and the rural credits department £13,369. Following is a comparison of the halfyearly returns for the last three years, showing net profits, ordinary deposits and advances, including loans and bills discounted: —

Profits. Deposits. Advances. £ £ £ June, 1925 .. 200,943 35.155,565 14,168,833 December, 1925 251,445 31,ii63,836 10.098,071 June, 1926 .. 215.875 36,729,307 11,240.631 December. 1926 263,982 28,075,330 12,958,836 Jane. 1927 .. 336,979 32,277,337 16,194,993 December, 1927 336,179 33,504,978 17,781,012 Of the last half-year's banking business profit £161,405 was added to tha reserve fund, making that fund £1,379,155, and £161,405 was transferred to tha national debt sinking fund. Of the note issue profit, threefourths (£400,921) was transferred to the Commonwealth Treasury, and one-fourth (£133,640) to the capital account of the rural credits department, making that account £693,737. Of the profit of the rural credits department one-half was transferred to the reserve fund of the department., and one-half to the development fund, making those funds £19,684 each.