WOOL SALES PRICES.

New Zealand Herald, Volume LXVII, Issue 20678, 25 September 1930, Page 7

WOOL SALES PRICES.

NEW ZEALAND IN LONDON. AN EXCELLENT OFFERING. BETTER TONE ON MARKET. LONDON, Sept. 23. At tlio London wool sales 'co-day 11.779 bales were offered, including 4988 from New Zealand, and about 9570 were sold. 'l'hero was mi excellent offering of oil JVeiv Zealand descriptions, with a tsttgMAy better lone, and prices were maintained. New Zealand best greasy, halfbreds mado 13^(1; slipo lambs, 12d ; greasy crossbred clip, Mangaohanc, top price, 9£d, average 9d.

DEMAND AT SYDNEY. BETTER CLASSES WANTED. (Received September 21, 11.15 p.m.) SYDNEY, Sept. 24. At the Sydney wool sales to-day 11,494 bales were offered, 9967 being sold. Also 1013 bales were disposed of privately. There was good demand for the better classes of lleece, but for dusty, burry fleece competition was irregular. _ Greasy Merino sold lo 16£ d. MILNE AND CHOYCE, LTD. DIVIDEND OF 8 PER CENT, EXTENSION OF PREMISES.

The twenty-ninth annual meeting of shareholders of Milne and Choycc, Limited, was held yesterday. Sir George Elliot, chairman of directors, presided. "The small attendance makes it quite evident that shareholders are satisfied that everything possible is being done," said Sir George, in moving the adoption of the report and balance-sheet, details of which were published in the Herald on September 6. The profits of the company, Sir Georgo stated, were not quite so large, but they were sufficient to warrant the payment of a dividend of 8 per cent., which had been paid without a break for 28 years. In its first year the company paid 7£ per cent. It was a fine record for a firm and he hoped that it would not be broken in the next 28 years. It would be noticed in the balancesheet that the amount in buildings was a little larger. This had been brought about by the purchase of adjoining land in Mills Lane. It was felt that moro room was essential, as manufacturing work had increased considerably during the. last few years and was cramped for room. The new building which had been erected would be of immense advantago to the company and its use would free a floor and a-lialf in the main building for use as selling space. The motion was seconded by Mr. C. Rhodes and adopted without discussion. The retiring directors, Messrs. W. Elliot and H. C. Choyce, were re-elected. Messrs. Morris, Duncan and Gyllies were reappointed auditors. In moving a hearty vote of thanks to the staff for their service and their share in the satisfactory results of the year, Mr. Rhodes said the staff, the management and the service given to the public were quite exceptional. It was to a great extent due to that service and the popularity gained with the public that the ■ results were as good as they were. The company had suffered in the general trend of business, but not to the extent that some concerns had. The motion was seconded by Mr. T. L. Caley, who also paid a tributo to the work-find courtesy of the staff.. .

Acknowledging the motion which had been carried, Mr. Stuart Milne said the firm now employed 659 hands. Of these 200 were engaged in the manufacturing side of the company's business. He thanked the directors for their remarks which, he said, ho would bo pleased to pass on to the staff. It was announced that the dividend at the rate of 8 per cent, for the year would be paid on October 10.

WAIKATO STOCK MABKET. QUIET CONDITIONS PREVAIL. THE CURRENT QUOTATIONS. Spring growth has been very much retarded by tho spell of dry, chilly weather that has for some time prevailed. This has caused a certain amount .of anxiety and robbed tho stock market of much of its enthusiasm. A full yarding at the central yards on Tuesday met with a very cool reception generally; indeed, during the paEt week a gradual slackening has oeen noticeable. affecting all classes without exception. With so little known concerning the future, occasional periods of hesitation must be looked for. but with the only thing likely to counteract this tendency also lacking, namely, an abundance of grass, a relurn lo normal spring activity may bo long aeas they affect the individual sections are as follows: — BEEF. Very heavy supplies have been thrown on tho market during the week, greatly overloading. and in consequence depressing it. It is unlikely, however, that, the present rale of supply will be maintained, in which (•aso values may recover somo of the lost "round. Prime ox is worth up to ordinary, 3fis; prime heifer, 3Gs; prime cow, 31s; plain cow, 30s; boners, ISs. MUTTON. Yardings in this section arc also heavy, with a corresponding decline. Best wethers ■it tlie central yards just touched 29s_; lightweights. from 275; best ewes made to 21s; lii'l!tor and unfinished sheep, from 355; new season's lambs (small), lo 18s; fat hoggets. to 225; light-weights, from 17s.

STORE CATTLE. Heavy yardings arc everywhere in evidence. Due chiefly, no doubt, to the stoppage in spring growth, buyers are very apathetic and restrain their competitive tendencies. Although the weather has so fiir been dry, it is too early to be concerned, and possibly those who tako advantage of (ho present depression may feel gratified later. .Steer buyers seem to have tilled their requirements- for the present, but for forward empty cows a moderate demand prevails. Young cattle _ arc much lower, and even Jersey yearlings, which seemed to defy adversity, have suffered tlio common fate. Forward steers sell np to £0; :!-year, £7 5s to £8; 2-year. £G 5s to £7: yearlings, £t to £4 15s: fresh cows, to £6; smaller, £4 ss; store cows, £2 to £3; yearling heifers (Jersey), best, to £7; medium. £5 to £f, 10s; small. £2 5s to £3; Holstcin, £1 to £1 10s.

STOKE SHEEP. There is not a strong inquiry on this section, although a number of good sales have been made, hoggets mainly being affected. These are almost eQual in value to prown wethers, many lines of which seem cheap in comparison. Kwcs with lambs at foot havo not yet appeared, but may shortly he expected, and are certain (o meet with some popularity. AVetners are worth up to 02s; hocgets, ISs to 20s- smaller sorts, from Its; store ewes, F • Paddock sales have recently, been made somewhat ahead of these values. DAIRY CATTLE. There is a continued JXt^Co^ both cows and heifers closo jo D •, sell up to £l4; er9 ' " P ios ffilO 10s; best, second quality. backward sorts. £7 to £B. At Frankton on ' 5 p j g9 u lso com a Blisht improvement Baf oners are tinue to realise high porkers, to £2 worth up tO -<V from 3Ss; store pigs. 10s; lifrht-weights, from w6an ers, 20a 35s to £2; tbV. 308 to Id*.