COMMERCIAL

Poverty Bay Herald, Volume LXIII, Issue 18974, 26 March 1936, Page 3

COMMERCIAL

NEW ZEALAND DRUG CO. IMPROVEMENT IN SALES A survev of the extensive busiiieseonducled by Ivempthorne, Prosser and Company's 'New /.calami Drug I one panv, Limited, was given at the annual meeting bv Mr. \V. F. Kdmond, chairman of directors, hi the c 'se ol 111remarks. Mr. Fdmond said that at al points there had been a fair measure o progress in the company's trading, and the improvement in sales turnover had again been well maintained. It was felt thai the general soundness of the position of the Dominion's primary production would be reflected in the ensuing year's transactions, continued Mr. Fdmond. He said that to tope with the increasing demand for chemica, fertilisers, it had been found necessary to make additions to the Westfield works at Auckland. A new sulphuric acid olani on the most modern lines was now iu the course of construction, and should he completed in a few months'.time. The report and balance-sheet for the vcar ended January 31. showing a net profit of £54.455. beinpi a reduction oi £3O. was adopted. Messrs. W. F. Kdmond and I'. M. Oldham, the retiring directors, were reelected. MATAWAI STOCK SALE At the stock sale conducted by I lie Poverty Bay Stockbrokers' Association at Matawai yesterday there was a good yarding of sheep, hut the entry ot caltl ' was small. Recent rates were mam ta'med. while values for wethers showci a slight improvement. A line ol shorn wether lambs, on account of Messrs. lienseii and. Green, made 19s Id, and Other good lots sold at from 12s 6<l In 15s. Several pens of mixed age ewes nmde from 14s 7d to 18s. The wether:; offered met with keen competition, realising from 17s to 20s 3d. There was a ready sale for cattle, the top price being for a line of 2,',-vr steels, which were sold on account of Messrs. Henscn aid Green for £B: 18-nionlh steers ranged from C 5 10s lo £f) 4s. TIKITIKI SALE The st.ock sale conducted by Messrs. Dalgety ami Company at Tikitiki on Saturday attracted a large attendance of the public Amongst the buyers were representatives from the Waikato ami llawke's Bay districts. The offering comprised 1125 head of cattle and 130. J sheep. A keen sale resulted in Ihe cattle section, the range of prices being as follow :—Fighteen-month steers, i'o 3s to £6 13s; 2,',-vr steers. £7 5s to £1 15s; bullocks, £8 10s to £9 6s; 18month heifers. £4 10s to £5; 2.',-yr heifers, up lo £6 lis; good breeding cows C 6 7s to £6 14s; fat and forward cows, £5 5s lo £6. The demand for sheep also was good, fid! mouth ewes making from 15s 6d to 17s 4d. 2-th wethers to 18s 6d, and 2-th ewes, mated with Romnoy ranis, to 225. There was an entry of CO pigs, which sold as follows:—Weaners, 8s 6d to 9s: light porkers, £1 2s to £.l ss; baci •«, £1 18s to £2 7s. Lh'ices generally were on a par with those ruling iu Poverty Bay.