WAIHI GOLDMINING

New Zealand Herald, Volume LXXI, Issue 21396, 20 October 1934, Page 9

WAIHI GOLDMINING

INTEREST IN COMPANY PAYMENT FOR HORAHORA Apart from the high price of gold and mine developments, two other important factors are combining to quicken interest in Waihi gold mining shares. Recently London buyers have been showing greater activity on the Auckland Stock Exchange and as a result the market at present is showing increased strength. Next month £212,500 is due to the company from the New Zealand Government in payment for the Horahora hydro-electric works taken over by tho Government. This payment originally became due in November, 19131, but in view of tho disturbed financial conditions throughout tho world at that time it was arranged with the Government that the date of payment should be postponed until November, 19.7). Opinion in the city at present tends toward the view that on this occasion the Government will meet its obligation. The fact that the company's tin venture in Siam is nearing the production stage is a further point of interest. Some years ago, as an outlet for some of its capital, and a provision against the time when the present main undertaking should become unprofitable, the company secured an interest in Pukct Tin Dredging, Limited, Siam, in which Tronah Mines, Limited, is also part owner. Up to December, 1983, the Waihi Company had expended £146,206 on the venture, and at • the annual meeting in May last, the chairman, tho late Mr. A. M. Mitchison, who was optimistic of tho success of the undertaking, informed shareholders that the company was looking forward to a commencement of digging within six months.

STOCK SALES TE AWAMUTU QUOTATIONS DEMAND FOR HEIFERS All classes of cattle were in heavy supply at the Te Awamutu stock sale held by the New Zealand Loan and Mercantile Agency Company, Limited, on Ihursday. Values generally were much the same as those at this week's Frank-ton rates. A few quality bullocks sold satisfactorily, while as" at other centres, there was an easing tendency in heavy-cow values, but young light coivs and heifers, which were in heavy supply, advanced appreciably under a better demand. There was also a full penning in the store and boner section, where fleshy fresh-condition fat cows met with a good sale and culls realised usual rates. Another yarding in the vicinity of 250 head of yearling Jersey heifers came forward, but though many purchasers were keen to transact business, there was a discrepancy between vendors' reserves and offers made, with the result that most were passed in unsold. Prices realised were as follows: — Cattle.—Heavy fat steers, £8 153 to £9 8s; medium quality, £'7 10s to £8 2s 6d; heavy fat cows and heifers, £5 5s to £5 16s; good quality, £i to £5 2a Gd; medium, £4 10s to £4 15s; light, £3 5s to £4 ss; killable, £2 5s to £3; fresh-conditioned, £1 9s to £2; plain stores, 18s to £1 ss; culls, to 17s 6d; good yearling Jersey heifers, £2 5s to £2 13s; others, £1 14s to £2 2s 6d; bulls, to £5 15s. Dairy cows sold fairly well at late rates. Best Jersey heifers, £4 10s to £5 7s 6d; medium cows, to £4 10s. Sheep.—A small entry of hoggets realised good values under brisk competition. Woolly evJe hoggets, £1 2s 6d to £1 5s 6d; woolly I wether hoggets, fat, £1 3s to £1 6s 4d; j others, £1 to £1 2s 6d Pigs.—Tho entry of fat and store pigs j was a large one, keen competition ruling i throughout in both sections, a total clear- ; ance being effected. In conjunction with the ! ordinary , pig sale, the Waipa Pig Club held ! its second annual pig sale, the entry com- | prising -14 pigs. Tamworths were more keenly fought after than other breeds. Tamworth boars, 4gns to s}gns; Tamworth sows, to s}gns; large black sows, to sgns; other j breeds, to 4gns; heavy baconers, £3 5s to £3 10s; medium, £2 lGs to £3 3s; light I baconers and heavy porkers, £2 8s to £2 14s--1 medium porkers. £1 17s to £2 4s; good , stores, £1 10s to £1 15s; slips, £1 4s to j£l 8s; best weaners, 18s to £1 4s; others, 10s to 14s. MATAMATA COMPETITION The Farmers' Co-operative Auctioneering Company, Limited, held a stock sale at Matanuita on Wednesday. A good entry of both fat ewes and hog&ets met with keen competition and prices were on a par with central rates. Fat and store cows were penned in good numbers and sold at rates equal to the last sale. Yearling Jersey heifers were yarded in large numbers nnd competition was good before a large bijnch of buyers, i One pen of marked yearling Jersey heifers, offered on account of Mr. J. C. Smith, of Waharoa, was purchased by Mr. W. J. Troughton, of Matamata, for £4 Bs. A medium yarding of dairy cattle met with good competition from a medium bench of buyers, values being on a par with late quotations. Pigs were yarded in exceptionally largo numbers. They were mostly good quality baconers, which met with keen competition, and a ready sale resulted at values iu excess of Frankton rates. Porkers also commanded keen competition and there was a further rise in prices. Sheep: Heavy woolly ewes, 18s to 19s 6d; store woolly ewes. 15* to 14s; heavy shorn ewes, 16s Gd to 17s; heavy woolly hoggets, 22s to 23s Gd; medium, 20s to 21s; store woolly hoggets, 16s 6d to 18s 3d. Cattle: Heavy prime heifers, £5 8s to £6 12s; medium prime heifers, £2 7h Gd to £3 3s; heavy prime cows, £4 7s 6d to £5 15s; medium. £3 5s to £4; light, £2 2s to £2 15s; killable, 30s to 37s Gd; store cows, 2Ss to 355; boners, 7s to 225; empty two-year heifers, 35s to 37s Cd; sound cows and heifers, 17s to 27s 6d: marked Jersey yearling hoifers, £4 8s; choice Jersey yearling heifers. £2 Iss to £3; medium, £2 to £2 10s; small. 25s to 335; pedigree oneyear Jersey bulls, 9gns to ISgns; sound grade Jersey bulls, to £6; grade yearling Jersey bulls, £1 10s to £2 ss. Dairy cattle: Choice Jersey heifers, close to profit, £5 10s to £6; more backward, £3 10s to £4 4s; inferior sorts, £1 10s to £2. Pigs: Choppers. 31s to £2 12s; heavy baconers, £3 10s to £3 14s; medium, £3 9 s t° 9s; light, £2 15s to £3 Is; heavy porkers, £2 8s to £2 12s; medium. £2 2s to £2 7s; light, 36s to £2 3s. A medium yarding of store and wenner pigs met with spirited bidding, resulting in a total clearance at values well up to lato Frankton quotations. Large Tnmworth-cross stores, 28s to 32s 6d: smaller, 24s to 26s 6d ; good slips. 22s to 23s Gd: choice Tamworth weaners. ISs Gd to 21s Gd; others, 12s to 16s; Tnmworth-cross sows in pig, £2 5s to £2 103; Tamworth boars, £2 5s to £4 ss.

OFFERING AT PIOPIO [by telegraph—OWN correspondent] TE KUITI, Friday Dalgcty and Company, Limited, report having held a stock sale at Piopio, when a medium yarding of cattle of indifferent quality camo forwnrd. Prices "were lower than at recent sales. Quotations:Light fat Jersey cows, £2; rough four-year bullocks, £3 lis to £3 163; two-year Hereford steers, £3 10s; medium yearling Shorthorn steers, £2 10s; smnller sorts, 32s to 355; two-year empty Polled Angus heifers, £2 4s: yearling Polled Angus heifers, 32s fid; good yearling Jersey heifers. 355; rougher sorts, 17s Cd to 20s; good Jersey cows, .£ 1 ss; large store pigs, 245; medium, 17s. KEEN DEMAND AT FEILDING [BY TELEGRAPH —PRESS ASSOCIATION] FEILDING, Friday At a supplementary cattle fair at Feilding to-day there was an excellent sale and a keen demand for all run cattle. The Polled Angus breed especially was in favour. Tin* range of prices was:—Store cattlo: Yearling Jersey heifers, £1 14s 6d to £'2 ss; yearling Hi reford steers, £3 9s to £4; yearling Polled Angus steers, £3 lis to £3 17s 6d; two-year Polled Aligns steers, £3 19s to £4 13s; twoyear Polled Angus heifers, £2 14s to £4 12s; three-year Pcllecl Angus steers, £■! 7s to £6; three-year Hereford steers, to £i 4s; heifers, £3 ss; empty cows, 39s to 40s; empty' Polled Angus cows, £3 1-ls.; Polled Angus heifets, £1 ss; Polled Angus bullocks, £6 10s to £6 15s; Hereford bullocks, £-1 lGs; other bullocks, £5 17s. Dairy Cattle.—Springing heifers, £3i 103 to £3 15s; springing cows, £3 10s. Fat Cattle, —Heavy prime cows, £5 to £6; light prime. £3 12s fid to £4 12s 6d; prime bullocks. £8; good, £5 10s to £6 7s 6d. Fat Sheep.—Primo hoggets, 265; good, 2?ls 3d to 21s Gd; medium, from IBs; prime heavy woolly ewes, 23s Cd; light, 19s fid to 23s sd: shorn ewes, prime, ISs 4d to 19s 2d; light, Ills Id to I7s 1 Oct; prime shorn Withers, '.'2s 7d to 23s Bd. Store Sheep.—Ewes with lambs, 33s lOd; ewv lambs, 2Ss 3d; wether lambs, 22s Id to 23s 9d.