FAT STOCK SALES

New Zealand Herald, Volume LXXVII, Issue 23699, 4 July 1940, Page 3

FAT STOCK SALES

PBICES AT WESTFEBLD BEEF REMAINS STEADY, FALL IN RATES FOR CALVES Rates for beef, which have risen 8s per 1001b. over the last two weeks, steadied at the Westfield fat stock sales yesterday, quotations for all classes remaining the same as at the previous sale. An extra heavy yarding of calves could not maintain last week's increases and prices cAsed, Values for pigs, sheep and lambs showed no appreciable alteration. , • • . ■ - •; The yarding of ox beef was smaller than last week, and competition was keen. Values were firm on late ratei, extra choice ox beef selling to. 39s per 1001b. Top price for steers was £ls 17s 6d, made by a line from Mr. J. Hannon, of Ohaupo. The best bid last week was £l6 10s. Oow» ranged to £l3 7s 6d, against £l3 10s at the last sale. Good Demand for Sheep A full entry of good quality sheep sold freely, both ewes and wethers generally equalling late rates. "Wethers sold to 375, although a particularly good pen last week realised 395. Ewes made to 275, compared with 28s 3d. Competition was steady for an average offering of lambs, and ruling rates wero Maintained. Top price was 32s 2d, Against 29s a week ago, when the quality.fyav poor. A very large entry of calves was penned. idthough the general quality was good, last week's improved rates were not reached. A very good runner, however, sold to £9 7s, against the t°P bid of £9 5s at the- previous sale. Vealers made to £5 10s, compared with £5 16s. The demand was keen for another small yarding of pigs, bidding for porkers, particularly, " being spirited. Values generally remained the same. Porkers were quoted to £3 lis, and baconers to £4 15s. Last week's best rates were £3 16s and £5, respectively. Comparison of Quotations The following is a summary of the prices realised for the last two weeks at the Westfield fat stock sales:— This Week Last Week BEEF (per 1001b) Extra choice ox 89/- 89/ Choice A prime ox .. 36/- to 88/- 86/- to 88/Choice & prime cow & heifer 32/- to 3G/- 32/- to 86/Bener & rough 25/- io 28/- 25/• _to 28/SHEEP (per head) — Prime wethers 2S/- to 37/- 26/- -to -39/Unfin. wethers 24/- to 26/6 23/6 to 26Prime ewes 20/- to 27/- 20/- to 2S/3 Unfin. ew«s . 5/- to. 10/- 2/6 to 15/Prime lambs 20/- to 32/3 20/- to 29'Unfin. lambs 3/- to. 17/6 .10/- to 17/0 CALVES (per head)— :• Runners .. 130/- to 187/- -100/- to 185/Vealers .. 8/- to 110/-- 8/-t0:134/-PIGS (per head) — -Baconers . 69/-to 05/- 80/- to 100'Porkers .. 86/- to 71/- 40/- to 76f-. Weaners .. 16/- to 22/- 12/- to 21/Slips .. 23/- to 27/- 23/- to 2S; - Largo stores 28/- to 35/- 30/- "to 3S/«

DETAILS OF SALES THE AUCTIONEERS' . REPORT Alfred Buckland _and Sons*, J3aJgety and Company, and the Losrn - and —Mercantile Agency Company jreport-oir the Westfield sale* as. follows: — *.=-■ Beef.—An average entry of goQd qu:ilit.\ ox beet wold very freely at values decidedly firm on late rates. Cows and heifers came for ward in full.average numbers Hnd*sold-retfdi!.v at full late quotations. Extra choice ox. to 89s per 1001b; choice and prime, 3(>s to 38s. secondary and plain, 32s to 355; extra prim': young cow and heifer, ,3<is; choice'and prime, 28s. to Sis; ordinary'cow beef, 25s to 28s. Extra, heavy prime . steers;.--ins to"£ls 17s 6d; heavy, £l3 10s to £l4 30s; lighter, £l2 6s to £l3; light?'los.to £*li'; Viirill and unfinished, £7 to £lO 155;.. extra heavy prime young cows and heifers, £lO to £l3 7s 6dj heavy, £8 10s to £0 10s; lighter. £7 .is to £8; other killable cows, £5 5s to £6 15s. Sheep,—A full entry sold freely. .Wethers realised late i;ates, while ewes sold at firm , values. Extra heavy prime wethers, £1 U>"s . to £1 17s; heavy, £1: Lis to £1 15s; medium, £1 lis 6d to £1.135;. light, £.l 8s to £1 10s; plain and unfinished, £1 4s to £1 6s rtd; extra heavy prime youne and maiden ewes, £1 f>s to £1 Ys; heavy, £1 3s 6d to £1 4s 6d: lighter, £1 to £1 2s 6d; plain and aged ewes, 17s to 10s; other ewes, 5s to 15s 6d. Lambs.—-Lambs were penned in average numbers. Competition was good and a steadj sale resulted at late rates. Extra heavy prim? lambs, £1 10s 9d to £1 12s 3d; heavy £1 <s to £1 9s; medium, £1 4s Od to £1 6s; lighter, £1 2s to £1 4s; light, £1 to £1 Is Gd;-small and plain, 14s to 17s 6d; cull lambs, 3s to 10S. • " ■; . . ... ; Calves.—There was an : extra heavy yarding, the quality generally being first-class. Bidding was - steady .throughout, _ but values dropped considerably on last week s high quotations. Runners, £6 10s to £9 7s;. heavy SVealers, £4 12s to £5 10s; medium £3 12s to £4, 8s; light, £3 to £3 10s; small, £2 6s to £2 18s; unfinished and bucket fed, £1 to £1 15s; bobby and rough calves, 8s to 18s. Pigs,—There was again a small offering. Bidding was steady for baconers and spirited for porkers. Values for all classes were fully firm. Choppers, £3 6s to £4 14s; ,heavy baconers. £4 9s to £4 15s;. medium. £3 16s to £4 4s; light, £3 9a to £3 hcavy porkers £3 6s to £3 llfli medium, £2 15s to £2 19s; light. £2 : 6s to £2 lis; small and unfinished, £1 16s to £2 2s; £1 15s; slips, £1 3s to £1 7s; weaners, 16s to £1 23.

ADDINGTON MARKET [BT TELEGRAPH —PRESS ASSOCIATION] CELRISTCHUKCH, At the Addington market to-day ther« was a better tone in the store sheep sale. Bomney-. cross hoggets made 2*2s; half bred sheep, lis ltd; young wethers, 20s 3d. Prime heavy wethers made to 47s 4d: ewes, to 3Ps. Ordinary beef dropped by 10s-a head. Best beef made 4-ls to 47s per 1001b; secondary, 3os to 3Ss. Extra prime heavy steers mad« to £2l i7s 6d; best heifers, to £1 < 12s 6d; prime cows, to £ls 17s ed. There was-! a good supply of porkers, hut the chopper entry was smaller. Poik sold at. 7V a d to Sd. per lb, bacon, 7Hd to 7%d. . - FRANKTON QUOTATIONS. Newton King, Limited, reports a medium yarding at Frankton. Fat sheep showed a slight easing, Wethers. 22s 6d.to 81s; ewes, 20s to °ssj good fat- lambs, 23s 3d. Mixed coloured yearling heifers, £2 ss. Baoonera, £3 6s to £4 8s; porkers, £1 18s to £3 17s, teavy store pigs, 28s 6d to 365.

NEWTON KING, LIMITED REARRANGEMENT OF CAPITAL A scheme for the reorganisation of the capital of Newton King, limited, New Plymouth, is to be submitted to shareholders. The resolutions ;;. provide for the agreement by holders; of stl preference shares to the cancellation-of these shares and all arrears of dividends, and to receive in exchange 0» preference share conferring the right to a non-cumulative preference dividend of 5 per 'cent, increasing in-certain circumstances up to 8 per cent, and 16a perpetual debenture stock bearing interest at 6* per cent for fivej-caro and thereafter at 5 J per cent. Tinder this scheme tlio annual return to wcjx holder of 100 £1 preference shares is set out as £6 9s for the first five years and thereafter £5 13s, agaiiut £5 4s due under the present' preferential dividend. • , ' The company has 174,600 <ramvdatdve 6J per cent (less 20 per "cent) preference shares and 200,19s ordinaryJ&hares fully, paicl at 8s in its capital Preference dividend is ten arrears, the amount owing. being £95,217. - - MINING YIELDS The Barrytown v poldmlninir gioop rttfMti Coast) reports the following. yields for JBBBS Bar rv town, 2070z {roni-218,000yflflt- Kaaiwlt 11290z from 276,000yd5; Arahnra, ISSSois from 852,000yd5: Other returns are>~Okarit<H (Wcstland), 7%0z; for 118 .hoursj