FAT STOCK SALES

New Zealand Herald, Volume 79, Issue 24423, 5 November 1942, Page 5

FAT STOCK SALES

PRICES AT WESTFIELD PREVIOUS RATES REALISED A medium entry of beef, and a smaller yarding of cows and heifers at the Westfield fat stock sales yesterday maintained last week's prices. Values were lower for sheep and a heavy entry of lambs. A small entry of pigs obtained higher rates than last week. Alfred Buckland and Sons, Dalgety and Company, and the Now Zealand Loan, and .Mercantile Agency Company, report:— Beef.—A medium entry uf well-finished ox beef sold under keen competition, and firm late rates were obtained for all classes. Less than aiL average yarding of cows and heifers also sold freely, realising firm values on last sale. Extra choice ox, £2 2s per 1001b; choice and prime, £1 10s to £2 Is; secondary and plain, £1 los to £1 17s; extra prime young cow and heifer, £1 lis to £1 18s; choice and prime, £1 10s to £1 12s; ordinary cow beef, £1 (is to £1 hs; extra heavy prime steers, £l7 to £l9 15s; heavy, £l6 to £lO 1 ,~>s; lighter, £ll 10s to £ls 10s; light, £l2 10s to £l3 lus; small and unfinished. £lO to £l2. Extra heavy prime young cows and heifers, £l2 to £l2 17s (id; heavy, £lO 10s to £ll "10s; lighter, £S 10s to £0 10s; light, £5 10s to £7. Sheep.—There was a full entry and, although competition was steady, values were lower for both wethers and ewes. Extra heavy prime wethers, £1 lis to £1 15s; heavy, £1 lis to £1 12s 'id; medium, £1 9s to £1 10s; light and prime, £1 7s to L'l 8s; plain and unfinished, £1 2s 6d to £ 1 5s (id; extra heavy prime young and maiden ewes, £1 to £1 4s lid; heavy, 16s to 17s (id; lighter, Ills fid to lis (id; plain and aged, 11h to 12s; others, .s to its. Lambs.—A heavy entry. Competition was steady, but values did not reach last week's rali-s. Extra heavy prime lambs, £1 10s to £1 I Hs; heavy, £1 7s to £1 9s; medium, £1 5s to £1 (is; lighter, £1 2s to £1 4s; light, 18s to £1 Is. Calves.—There was an average yarding Bidding was keen for all classes, and values were fully up to late quotations. Runners, £6 to £lO 7s Od; heavy vealers, £7 to £8 4s; medium, £5 15s to £0 15s; light, £1 15a to C 5 10s; small, £1 5s to £4 lis; unfinished and bucket fed, £1 to £2; bobby and rough, 5s to 1 Ks. Pigs.—A small entry came forward. Values for baconers ruled fully firm to slightly higher, while porkers in short supply sold at high rates. Stores and weaners sold very readily at recent prices. Choppers, ISs to £3; heavy baconers, £1 10s to £1 10s; medium, £1 3 s to £1 (is; light, £3 15s to £-1; heavyporkers, £3 17s to £1 -Is; medium, £3 Os to £3 13s; light, £3 to £3 -Is; small and unfinished, £2 12s to £2 lfis; stores, £2 5s to £2 10s; slips, £1 lis to £'J 2s; weaners, 18s to £1 lis. FRANKTON MARKET (0.C.) HAMILTON, Wednesday A full yarding of fat sheep, including a iarger proportion of medium-weight wethers was penned at the Prankton stock sale yesterday. Competition for fat ewes was steady and prices a shade firmer, while values for wethers were inclined to ease. A full entry of spring lambs sold at unchanged rates. A large entry of store sheep attracted spirited competition, late values easily being maintained. Values were firmer all round for a large entry of beef. Prime ox, especially, showed an improvement, while cow and heifer beef was in particularly keen demand. Vealers were again in short supply, and the entry in this section comprised mostly light-weight animals. A good entry of boner cows maintained late rates, while Jersey heifers of quality sold freely A larger entry of pigs came forward; baconers and porkers remained firm at recent values, but stores and weaners were slightly easier. Quotations are:—Heavy prime woolly wethers, to 15s 3d; prime shorn 33s to 31s 6d; medium, 31s to 32s 6d; light, 28s to 30s; extra prime woolly hoggets, 35s to 375; prime, 30s to 335; light, 25s (id to 27s fid; prime young ewes, 20s 3d to 2-1S; heavy fat ewes, 16s to 18s; medium, 13s to 15s; light, 10s to 12s; spring lambs, 25s to 335; shorn ewe hoggets, 26s to 28s; best wether hoggets, to 25s 3d; others, 22s Gd to 245. Heavy prime ox, £ls 15s to £lO 15s; medium, £l4 10s to £ls; light, £l2 to £l3 10s; heavy prime cows and heifers, £l2 10s to £l3 10s; medium, £lO 10s to £ll 15s; light, £9 to £10; second quality cow beef, £7 to £8; rough and boner cows, £4 to £6 10s; medium runners, £5 3s to £6; medium vealers, £2 12s to £3; light, 35s to £2 fls; plain vealers and bobby calves, 15s to 30s; yearling Jersey heifers, £5 15s to £6 10s; smaller, £4 5s to £5. Heavy baconers, £4 10s to £4 13s; medium, £4 4s to £4 Ss; light, £3 16s to £4 2s; butter-milk pigs and heavy porkers. £3 8s to £3 15s; medium porkers, £3 to £3 6s; light, £2 12s to £2 18s; large stores, £2 10s to £2 17s; smaller, £2 to £2 8s; slips, 30s to 36s 6d; weaners, 20s to 27s Gd. NATIONAL INSURANCE YEAR'S DIVIDEND UNCHANGED (0.C.) DUN ED IN, Wednesday The annual report *of the National Insurance Company of New Zealand, Limited, shows that net income for the year ended September 30 amounted to £360.796', against £316,397 last year and £330.405 in 1940. After making full provision for losses outstanding there is an underwriting of £20,850 (last year £23,612). Interest and rents, less income tax, amount to £23,193 (last year £24.867), and the balance brought forward was £37,540, making in all £51,592. An interim dividend of 4d a share paid in May absorbed £10.6G6, leaving available a balance of £64,920. The directors added £SOOO to contingency account and have written £llO4 off the company's premises. They now recommend a further dividend of 5d a share, absorbing £20,533. leaving a carryforward of £37,989. The year's dividend of 9d a share, equal to 10 5-7 per cent, is unchanged. ABRAHAM AND WILLIAMS The accounts of Abraham and Williams, Limited, for the year ended September 30 show a net profit of £5138, compared with £4978 last year and £5374 in 1940. With £26,405 brought in, there is £31,543 available. An interim dividend of 2V 3 per cent required £2206, and a final dividend at the same rate, making 5 per cent for the year, unchanged, is now proposed, leaving £27,131 to be carried forward. WESTPQRT DIVIDEND (P.A.) DUNEDIN, Wednesday The directors of the Westport Coal Company recommend a final dividend of 6d a share, payable on November 30. This makes a total distribution for the year of Is, un changed.