STOCK SALES

New Zealand Herald, Volume LXXV, Issue 23222, 16 December 1938, Page 7

STOCK SALES

WESTFIELI) QUOTATIONS DAIRY VALUES STEADY KEEN DEMAND FOR STORES While the demand for dairy cattle was not unduly pronounced at thf West field weekly stock sale yesterday there was a stondy inquiry for cows and heifers in milk and others close to profit. The yarding was well up to average. Top prices showed a slight decline un last week's values, but the general level of returns was well maintained. The best realisation was £9 10s for Hol-stein-Friesian cows in milk. There was an exceptionally large yarding of stores, including a line of 90 young steers. The entry sold under keen competition and made up to £S 16s for tho best of the 2i-year-old lines. The demand for boner cattle was also firm and, although tho high level of last week for potter bulls was not reached, the values on a quality basis were equally as good. Up to £9 10s was realised for the heavier sorts. The quotations were as follows: —

Store Cattle.—Young cows, good condition, to £7; less condition, to £5; others, to £3; ■ boner and aged cows, heavy sorts, to £4 17a Od; medium sorts, to £3 10s; others, to £2 10s; potter bulls, heavy sorts, £0 10s; medium sorts, £8; lighter sorts, £G 10sj meaty killable cows, prime sorts, £0 ss; others, to £6; yearling Jersey heifers, good quality, to £4 16s; others, to £3; herd bulls, to £7; young steers, to £8 10s; others, to £7. Dairy Cattle.—Jersey cows, good springers, to £8 10s; inoro backward, to £7; Others, to £'s; Jersey heifers, good springers, to £8 1 its; more backward, to £7; others, to £5; Jersey-cross cows and heifers, good springers and in milk, to £8 10s; more backward' springers, to £7; others, to £5; Shorthorn cows and heifers, good springers, to £8 15s; more backward, to £7; others, to £5; Holstcin cows, in mile, to £!> 10s; others, to £0 10s; Fricsian cows and heifers, in milk, to £!) IOs; others, to JJO 15s; other cows, to £5 103. PUTARURU QUOTATIONS At tho Putaruru sale held by the E'armers' Co-operative Auctioneering Company, Limited, a full yarding of cattle came forward, comprising a good entry of fat Jersey, Polled Angus and Hereford cows, with a few pens of store Hereford and Polled Angus cows. There was also a medium entry of boner cows and potter bulls. Tho market throughout was steady, with prices remaining on a par with late rales. Pigs: Tho largest yarding of fat pigs seen at Putaruru this season was penned. Competition was keen throughout, all classes selling fully up to lato Frankton rates. Storo and weancr pigs were also penned in large numbers, and here again a good sale resulted. Quotations were:—Cattle: Light fat Polled Angus and Hereford cows,. £0 15s; fat Jersey cows, £4 10s to £5 lis; light, £3 5s to £4; Hereford cows, £4 Vis; Polled Angus cows, £4. -Is; boner cows, 30s to £3; light potter bulls, £4 to £0 10s; small potter bulls, 30s to £2 17s Od. Pigs: Medium to heavy baconers, £3 8s to £3 13s; 'light, £3 to £3 4s; butter-milk pigs and heavy porkers, £2 12s to £2 10s; medium porkers, £2 8s to £2 lis; light, £2 2s to £2 Gs; unfinished, 30s to £2; large stores, 35s to £2 2s; medium, 28s (3d to 325; best slips, 27s Od to 30s; others, 20s to 255; best weaners. 20s to 255; others, 14s to 17s (3d. MAUNGAKARAMEA VALUES £ Fit Oil OUlt OWN' CORRESPONDENT] WHANG-AREI, Thursday Alfred Buckland and Sons. Limitod. reports an average yarding at tho Maungakaramea sale. Competition for most classes was fair, dairy cattlo being slow of sale. Backward springers made from £4 15s to £5 12s 0:1; yearling heifers, £3 ]os; fat cows. £4 to £7 10s; three-year steers. £9; cows and calves, £5 lis to £7 15s; store cows. £3 10s to £4 ss; boner cowb, £1 10s to £2 18s; service bulls, £3 10s to £7 12s Od; small store pigs, 225. The New Zealand Loan and Mercantile Agency Company, Limited, reports on the same sale as follows:—Thero was an average yarding and, although competition was nor keen, practically everything was sold. Dairy rattle were penned in small numbers and were of rather indifferent quality, prices realised being on a par with tho quality. Jersey heifers made from £4 12s 6d to £5 5s snrinsring cows, £0 to £0; heavy fat cows. £8 <Ss to £0 14s; lighter sorts, £0 to £0 10s; forward cows, £4 f>s to £4 17s Od; boner''ows. ■ C" 5s to £3 2s Od; potters, 20s to 30s: boner i bulls, light. £5 to £5 ss; pigs, slips. 2os Od t'J 20S. FAT STEERS MAKE TO £ll/6/[FROM OUR OWN CORRESPONDENT] WHANGAREI, Thursday A medium yarding is reported by the New Zealand Loan and Mercantile Agency Company, Limited, at the Waiotira sale. Competition was good, and everything was cleared under the hammer. Only a limited number of dairy sorts was offered. Dairy cows, backward, made from £4 to £4 15s; medium fa bullocks, £lO to £11; heavy fat cows. £0 to £lo* lighter, £7 7s Gel to £8 ss; store cows. £3 to £5 12s; potters, 25s to 355; boner Buckland and Sons Limited, reports on the Waiotira sale as follows:—There wrs only a small yarding, and no extra heavy steers were penned. Fat steers made from i 10 ios to £ll Os; heavy fat cows and heifers £7 r>s to £8 17s; linrhter sorts, £•) 10fj to H 15s; choice runners. £5 5s to £7; store cows. £5 to £O. _____ AUSTRALIAN MINING YIELD OVER £15,000,000 HUGE DIVIDEND PAYMENTS Assisted by the increased price of gold the Australian gold yield this year '* is expected to reach a total value ot ■ £15,000,000. Dividends from gold--1 mining companies employing Australian ! capital, in Australia and elsewhere, for ! tho first 10 months of this year already have exceeded tho totals of previous I years. I " Distributions to the end of October j amounted to £2,780,280, or about £70,000 more than the total for 1937. The number of dividend-paving mines is the largest for many years. Progress I in recent years is shown in tho followI ing table of total dividends: — No. of Totals Companies £ j * Tfyil . 4 05,000 ; 1 " 8 200.000 ! ,;,n 10 875,000 I Wu 20 1.500.000 vVi-, 2!> 2.G50.000 1030 37 2,400,000 1937 . . • • 46 2,710,000 1038 (to date) 47 2,780,000 Since the beginning of the gold mining revival in 1931, dividends of more than £13,500,000 have been paid. In the past eight vears Western Australia lias paid over £0,000.000 in gold mining dividends. BASE METALS, FIRM LONDON MARKET RATES LONDON, Dec. 14 1 Following are to-day's quotations on the London metal market, compared with thoso of yesterday:— Dec. 14 Dec. 13 Per ton Per ton £sd £ s d Copper, stan.. spot 40 0 7'A 43 O 7'/, Copper, stan., 3 mos. 43 ft 7 A 43 •> <:i Copper, electrolytic 48 10 0 48 10 0 to to 40 10 0 41) 10 0 Copper, elect., wiro bars .. •• 40 10 o 40 o o Lead, soft, spot .. 14 13 1% • 14 -l/ ? Lead, soft, forward 14 iO 10/ 3 14 JO 4, ? b'polter, spot .. 13 ;13 it 13 11 ]JVy Spelter, forward 13 18 1/a 13 1J» Tin, stan., spot, .. 214 0 3 Tin, stan., 3 mos. *215 2 u « » PROPERTY AUCTIONS filimnol Valle and Sons, Limited, will offer for sale by auction at its rooms, 83 Queen Street at 2 P.m. to-day. modern block known as Central Chambers, on tho corner of Broadwiiv and Teed Street, Newmarket, comprising I reo shops fronting Broadway, two lock-up h ions and a two-storey wooden house front?ng i ced Street. A two-storey building of 21 rooms known as Fi zroy. at tho corner of Wakefield and Lyndock Streets, City; residential properties in Merivale Avenue, Epsoni; Calliope Koad, Devonport; l'arkstone Avenue, Mount Albert; and Scenic Drive, Nihotupu, will also bo offered. . .. C F. Bennett, Limited will offer at auction at. its rooms, corner of Queen and Shortland Streets, at noon to-day, a farm property of over 22 acres fronting Rivcrsdalo and Canal Itoads. Avondale.