COUNTRY STOCK SALES

New Zealand Herald, Volume LXXV, Issue 23127, 27 August 1938, Page 9

COUNTRY STOCK SALES

MOKRINSVILLE VALUES MEDIUM ENTRY OF SHEER, DEMAND FOR DAIRY CATTLE The Farmers' Co-operative Auctioneering Company, Limited, reports a medium entry of sheep, which met with good competition from a small bench of buyers at the Morrinsville sale. The yarding was comprised mostly of hoggets, which sold at late rates. The entry in the cattle section included a pen of ox beef offered on account of Messrs. Kereone, Limited, which averaged £l-j. The offering of cow and heifer beef comprised second quality cows and fat Jersey cows and heifers. Second quality heavy cows Hold on a par with recent quotations, but fat Jersey cows and heifers were not in demand, prices in this section being much lower than at recent sales. Boner cows sold at schedule prices. A large entry of empty twoyear and yearling Jersey heifers sold under a keen demand at higher values. An extra heavy yarding of dairy cattle came forward, comprising a good entry of quality heifers for which competition was brisk, late rates being maintained. Jn the cow section values showed an improvement on last week's rates. A larger entry of fat pigs than usual, the yarding consisting of mostly porkers, very few baconers coming forward. Competition was steady, values being slightly easier. An extra largo yarding of stores and weaners was penned, but here again prices wero not up to vendors' expectations, large stores being sought after, but slips and weaners were hard to quit. Sheep: Fat hoggets, '-Ms lOd; medium, 21s to 22s Gd; white faced ewe hoggets, to 225; small store hoggets, 30s. Cattle: Light prime steers, £'l2; heavy (second quality cows, to £0 1 Os; heavy prime Jersey cows, £8 2s Gd to jC5> Is; heavy Jersey cows, £0 7s Od to £7 'Jsj medium, £5 5s to £0 2s Gd; light, £3 35s to £4 J7s fid; medium Jersey heifers, £5 Ids to £0; light, £<l 35s to £5; heavy boner cows, £1! 30s to £4 7s; light, 35s to £2 15s; cull cows, 10s to 30s; choico yearling Jersey heifers, £5 3s to £5 7s; smaller, £3 10s lo £1; small and inferior heifers, £2 7s fid to £3; empty two-year Jersey heifers, £3 17s Gd to £<l 7s Gd; empty two-year heifers and slips, £3 to £3 18s. Dairy cattle: Jersey heifers, close to profit, £ll to £ll lis; others, close to profit, £lO to £to 15s; backward, £8 lo £0 10s; smaller, £5 15s to £0 1.0s; best calved heifers, £0 to £lO ss; others, £5 (o £7 3os; Jersey cows, close to profit, £1) 15s to £11; others, £S 5s to £*J; later calvers, £0 30s to £7 ss; inferior, £-1 lo £5 us; best cows, in milk, £0 to £lO ss; others, £7 to £8 Os. Pigs: Heavy choppers, £2 35s to £3 ss; others, 31 s to £2 30s; heavy baconers, to £1 3s; medium, £3 33s to £3 345; light, £3 Gs to £3 Os; butter-milk pigs and heavy porkers, £2 34s to £3 4s; medium porkers, £'2 'Bs to £2 12s; light, £2 2s to £2 Gs; unfinished, 36s to £2; large stores, 35s Gd to £2; medium stores, 28s fid to 345; good slips, 22s Gd to 2Gs Od; others, 18s lo 21s Od; weaners, best, 17s Gd to 24s Gd; others, 7s Gd to 1-1 s; sows, close to farrowing, £3 35s to £5 ss; sows, with litters, £G 15s; Berkshire boars, to £3 30s. The New Zealand Loan and Mercantile •Agency Company, Limited.—ln spite of the hravy yarding of beef prices showed an advance on last week's rate, competition being keen throughout both for finished and unfinished beef. Principal sales were on account of Mr. It. Griffin, Tauwhare, fat heifers, up to £8 355; fat cows, up to £8 4s; account Mr. J. Needham, of Morrinsville, fat cows, up to £0 Is; a pen of fat cows and heifers, on account Mr. N. C. Bodmin, £8 5s to £0; fßt cows, on account Mr. J. Davidson, up to £7 13s. Store cows likewise met with better competition than last week with values hardening. Boners met with a ready sale at late rates. A good clearance was effected of an average entry of yearling Jersey heifers at prices in advance of recent quotations, the rise being more marked for belter quality sorfs. Heavy fat heifers, £8 lOs to £!) ss; medium, £7 5s to £8 ss; heavy fat Jersey cows, £8 30s to £0; medium, £7 35s to £S ss; light fat Jersey cows and heifers, £G to £7 ss; killable and heavy store cows, £4 37s Gd to £5 30s; medium stores, £4 to £4 15s; heavy boners, £3 Os to £3 17s; medium, £2 to £3; others, from £1 ss; good quality well-grown yearling Jersey heifers, £4 10s to £5 7s; medium quality, £4 to £4 15s; smaller nixed colours, £2 15s to £3 3 0s; small Shorthorn yearling heifers, to £3 Gs. Dairy cattle: An average yarding comprised mostly medium quality heifers, these meeting with a fair inquiry at satisfactory prices. The dairy cows offered were for the most part inferior quality and did not elicit much ihterest, but any cows showing quality met with a good sale. Good quality dairy heifers, close to profit, £0 5s to £S> 15s; medium quality heifers, £8 to £8 15sj backward, £7 to £7 lGs; medium quality dairy cows, £8 to £8 10s; inferior sorts, £5 5,s to £6. Sheep: The entry consisted only of several pens of fat hoggets, these meeting with a good inquiry and were sold at rates equal to those quoted at Frankton, medium fat hoggets making from 22s Gd to' 23s Gd; fat ewes, 16s to 17s 6d.

, RATES AT TE AWAMUTU The Farmers' Cooperative Auctioneering Company, Limited, reports a medium entrv of sheep, comprising almost wholly of hoggets, at Te Awamutu. Competition was brisk and a better sale in this section resulted. A good yarding of cattle, consisting of manv pens of choice heavy-weight steers and heifers. The sale was bright and values right through easily equalled those ruling at central yards. A truck of extra choice heavy steers from Mr. A. H. Storey, of Te Awamutu. sold from £ls 17s Gd to £l7. A line of .'3O prime heavy-wfeight Polled Angus and Hereford sneyed heifers also from Mr. A. H. Storey realised from £l2 to £l3. A large yarding of dairy cattle was offered, and although bidding was keen from a full bench of buyers prices were easier than latest quotations. A big percentage of the yarding came forward in poor condition. A medium yarding of all classes of pigs with baconers and porkers in keen demand, prices remaining firm at late rates. Large stores and good weaners created keen competition and sold at advanced rates, while medium stores and poor-conditioned slips were hard to dispose of. Sheep: Fat two-tooth ewes, to 29s 3d; medium to fat hoggets. ISs 8d to 22s Od; store hoggets, 13s to lis 3d. Cattle: Extra choice heavy prime steers, £ls 17s Gd to £l7; light prime fat steers, £ll 9s; extra choice heavy prime Hereford heifers, £l3; extra choice heavy prime Polled Angus heifers, £l2; heavy fat cows, £9 los to £l2; fat Jersey cows, £7 7s to £9 Os; medium fat Jersey heifers, £6 to £7 2s Gd; light fat Jersey cows, £5 5s to £5 17s Gd; killable cows, £5; boner cows, £3 to £3 15s; store in-calf cows, £!{ 10s to £4 9s; yearling Jersey heifers, £4 10s; yearling Jersey heifers, smaller, £3; service bulls, £3 to £G 2s (id. Dairy cattle: Good conditioned forward Jersey heifers, close to profit, £9 10s to £ll 7s Gd; forward Jersey heifers, £8 to £9 ss; backward and poor-conditioned heifers, £5 to £7 10s; forward Jersey cows, £8 to £9; later, £G to £7 10s; backward and boner, £3 to £5 ss; cows, in milk, £9. Pigs: Medium baconers, to £3 12s; heavy porkers and buttertnilk pigs, £2 14s to £3; medium porkers, £2 f»s to £2 12s; light, £2 2s to £2 fis; unfinished, 3Gs to £2; large stores, 35s to £2 Os Gd; medium, 25s to 30s; slips, 23s 6d to 27s Gd; best weaners, ISs to 235.

PRINTING PRESS MAKERS

HOE COMPANY'S BUSINESS SALE PROPOSAL ANNOUNCED The proposed sale of the business of Messrs. 11. Hoe and Company, manufacturers of printing machinery, to Messrs. U. W. Crabtree and Sons, Limited, of Leeds, was announced recently by the president, Mr. F. L. McCarty, of the American, parent company, Messrs. R. Hoe and Company, Inc., of New York. The proposal was to have been submitted to a special meeting of stockholders in the latter company on August 17. Mr. McCarty said the English company is entirely a subsidiary of the American company. It was incorporated under British law in 1911; before that date, a manufacturing unit of the American company had been operating in England for about 45 years. Tlio British management had reported that it would be impossible to continue operations upon a profitable basis unless the plant were reconstructed to suit modern methods. Although substantial profits bnd been earned by the English company, the directors of the parent company "have been increasingly impressed with the hazards and difficulties of operating a bttsiuess in Europe under present conditions. Multiplying tariff barriers and exchange restrictions, war throats, labour difficulties, and kindred problems intensify the normal problems of foreign operation." An ofi'ei 1 , which the directors regarded as "extremely attractive," had been made by Messrs. Crabtree and Company to purchase the .business, goodwill and assets of the English Hoe company, the price being £470,170, and the purchase beinp; made as at September 30, 19.37. The purchasing company is to complete existing contracts. The book value of the assets to be sold was £3<H,OOO in the books of the English company, but the comparable figure, according to American accounting practice, would bo £428,000.