COMMERCIAL

Poverty Bay Herald, Volume LIII, Issue 16364, 11 June 1927, Page 16

COMMERCIAL

FEILDING STOCK SALE (Per Press Association.) FEILDING, last night. At the Feilding stock sale to-day f/bout 3000 head of sheep were yarded. Good quality sheep predominated. Fat; slice.]) met a good demand. B.f. lambs made IDs 6d to 22s Id, other lambs li»s to 21s, ewes Ifis M lo 18s KM, 2-tooth b.f. 23s 9d, b.f. Ids Id to 17s, wethers 23s fkl to 325, good 4 to 5-year ewes 2.">s !>J, 1". and l".. 13s 7d, inodiuni "-year ewes r.w. !*>.H. raws* liis lo :_ >- _'s, empty o>vos 7s fid to !*s (id. ,A good yarding of entile resulted in a goo'ii clearance at late rules. Although there was a heavy yarding of fat cattle, prices wore a shade firmer than late rates, l'ract ienlly im store little were yarded. Dairy cows at drop made £d, £7 to £«, fat bullocks £{> 12s <ld. £9 Ms. I'iit I'.A. cows and heifers £4. t'l Ids, £5; ful 8.11. heifers £."> 145.; forward 3 J-year bullocks £(i 13s; forward cows £2 Ms. £2 17s Od, .i. 3 Is. HAIIiV PliODl'OK MAKKJiTtj. (Klcc. Tel. Copyright—Uuitcd Press Assn.) (Australian and N.Z. Cttble Association. (Received June 11, 10 a.m.) LONDON, dune 10. The butter market was dull and easier, buyers apparently having tilled requirements'before the holidays. New. Zealand and Australian, choicest salted, 162.-; to 1645; exceptional brands, ,1665; imsalted, 6s to 8s premium; Danish, 1655. Cheese is slow. New Zealand, 83s lo 84s. COMMON WEALTH LOAN DkLA Y lil). LONDON, dune 10. It is understood that the Commonwealth loan is delayed {lending the Loan Council's arrangements. Victoria will probably be floating a £3,000,000 independentlv after the Commonwealth loan.

MEAT FOR EXPORT. NO 'CHANGE IN PRICES. The prices offering to-day for fat stock for export from this district were unchanged as compared with those ruling last Saturdaj'.' The ruling rates to-day are as follow: Lamb'(woolly) under 361 b, 7d per lb: 37/421b, 6Jrl, over 421 b 5Jd; seconds (id, lamb (shorn) :,'d loss. Wethers: Tinder 501 b, per lb; 57/641b 4]d, 6;V72ib 3§d, 731 b and over 3d; seconds 3i]d. Ewes: Up to 561 b 3rl per lb, 57/(541h 21d, 651 b and over 2d. Prime hoggets: Up to 561 b 5Jd per lb; seconds 4.3d.p0r lb. Ox beef: Prime 245, second 19s. Cow beef: Prime 15s, second 12s fid. Heifer beef, 20s per 1001 b; cow and bull beef, for boneless beef, lis per 1001 b. Dedivdion on shoe]) and lambs:— Light, seedy Jrl per lb; heavy id per lb. Wethers and ewes, shorn after December. I, Id per lb down on prices slated. MATAWHERO STOCK. SALE The Matawhero stock sale yesterday brought an entry of 5760 store sheep. These proved to he in keen demand, and (he sale was ful! of life up lo the hist pen, with an all-round improvement in prices, particularly so with -all classes ol lioggets. ' Ewes in lamb, of which some good pens came forward, made to 19s in three instances, some of the prices bong as follow. 180 4-th to 5-yr, on a ■count of the late S. Newman, a first-class pen of roomy forward conditioned sheep, 19s; 216 2-th to 5-yr, on account of Miller Bros., big ewes in good order, 19s; 250 Matawai sheep, big frames and very forward, (p) 19s; 134 4-th to 5-yr, big sheep in good store condition, 18s 9d: 372 guaranteed mouths, (p) 18s 7d; 509 5-year-o!ds, a straight line of first-class ewes in excellent order, (p) 18s 3d; 172 4-th to 5-yr, guaranteed mouths, on account of'Corlett, Kanakanaia. 18s; 90 2-th, sound mouth. 17s 9<l; 188 2-th to 5-yr, on account of Miller Bros., 16s; 281 4-th to 6-yr, a good conditioned station line, on account of W. Seymour, 15s 9d; 42 6-year-olds, on account of Miller Bros., 13s Yd.

Empty maiden ewes sold to 17s 9d for a pen or 76 2-tooths, well-grown, fit and forward, and 14s IGd for a pen of 92 2tooths, good ewes, on the small side. Older empty ewes sold to 12s 6d. some of the prices realised being: .163, big framed and meaty'. 12s 6d; 51, in good order; 12. s 2d; 163. 12s; 212. average store condition, 11s 7d: 57. in fair condition, lis 6d ;' 55, fat and forward, lis 6d: 51, plain condition. 10s. Wethers sold as follow: 34 at 20s Bd. 23 at 20s Id. 73 2-th, In) 19s 3d, ,17 at 18s 3d. and 18 2-th at 15s ?d.

Hoggets sold mi to 15s 2d. some prices being: 121 woollies, big framed, good order. 15s 2d: 16 wnolly.ta first-class pen. 15s; and other woollies at 14s sd. 14s 3d. and 14s 2d ; 1.33 shorn, a good medium line. 12s 3d; 29, fairly good. Is 6d; 58 woolly, a good medium 'inc. 12s. The worst of dreary-looking culls were worth 7s 6d or Bs. Rams, in good Condition, brought Us and 12s: WILLIAMS AND KETTLE, LTD. THE ANNUAL MEETING The thirty-sixth annual meeting of the shareholders of Williams and Kettle, Ltd., was held in Napier on Thursday, Mr. N. Kettle presiding. The annual report was as follows; "The directors have pleasure in submitting herewith accounts of the company, viz., balance-sheet and profit and'loss account for the year ending March 31, 1927, duly audited, and have to congratulate shareholders on the satisfactory result of the past year's working. The net profits for the year, after providing for all necessary depreciations, bad debts, and income tax, amount to £14,988 2s 8d to which has to be added the undivided balance from hist year, £13,980 8s 9d; total available .'for allocution £28,1)68 lis od. The directors regret being unable lo pay the usual rebates lo shareholders on business contributed owing to Ihe depression severely affecting the earnings id.' the company and recommend Unit; the amount available for allocation lie appropriated iis follows, viz.:—ln payment of :i dividend at the rate of 7 per cent, on-capital, and the balance carried forwaud. in accordance, with (he articles of association, three directors, Messrs ,1. 11. Coloman, A. S. (I. Carlyon, and N. Kettle, retire by rotation, but hieing eligible, offer themselves for re-election. The auditors, Messrs Robert Dobson and Co., retire, but being eligible, also offer themselves for re-election.

On the mot ion of Mr. X. Kettle, seconded by Mr. P. W. Williams, the report and balance-sheet were adopt

The retiring directors, Messrs .1. 11. Coleman, A. s. G. Carlyon and N. Kettle, wore , re-elected, as also were the retiring auditors, .Messrs Robert Dobson and (Jo, A hearty vote of thanks to the directors, managing director and staff for the able maimer iu which the corn-

jinny's affairs have been, conducted during the past year was passed on the motion of Mr. F. Logan, seconded by Mr. R. 1). Swcetapple; and on the motion of Mr. J. It. Oolenian, seconded by Mr. ,1. T. Femviek, a bonus of .") per cent, was voted to the oflieial staff. s

According to cabled advice reeoiv•cd by the Minister of Agriculture, Hon. O. .). Ilawken, the f.o.b. prices of wheal'., flour, etej., in Australia, at the beginning of, June were: N.S.W., flour £l2 17s fid per ton, bran and pollard £7 10s per ton, wheat 5s lid per bushel; Victoria, Hour £l2 per ton, bran and pollard £7 10s per ton, wheat "is 10Ad per bushel; South Australia, flour £l2 os per ton, bran £7, and pollard £7 10s per ton, wheat 5s I.od per bushel. The message added that the market was linn. 'The first of the new season's maize is to hand this week, but it, is so immature and soft that very few buyers can take it (reports the Auckland Herald). As il will not stand storage, the demand is restricted to the very limited number of consumers who.can use it at once, and consequently the consignment realised only lis fid on the wharf, eo'tiipaveil with 7s 8d recently obtained for old grain. Pair quantifies of old grain nnd also .lava maize are still held in store.