COMMERCIAL

Southland Times, Issue 17659, 17 February 1916, Page 4

COMMERCIAL

ASSICULTUBAL EVENTS FOB THE WEEK ENDING FEBRUARY 19. —Thursday, February 17. — Stock sale at Riverton. —Friday, February IS.— Stock sale at Rivcrsdale. Mr John Dreaver’s clearing sale at Seaward Downs, by Messrs Wright, Stephenson and Co., Ltd. Stock sale at Orepuki. Lund sake at Orepuki, by Messrs J. R. Mills and Son. Mr A. F. Rankin’s clearing sale of livery plant at Wyndham, by Messrs Hunter Bros, apd Rice. ADDINGTON STOCK MARKET. (Per United Press Association.) CHRISTCHURCH, February IC. At Addington yards store sheep and forward lambs brought 14/6 to 17/S; ordinary lambs. 19/6 to 14/-; inferior lambs, T/H to 19.'-; halfhred wether lambs, 5/19 to 10''-: cull lambs, 5/- to G/9; good two-tooth wethers, 15/- to 17/9: ordinary two-tooth wethers, 13/to 14/9; forward four and six-tootli wethers, 17/5 to 21/-; aged forward ewes, 10/11 to 12/-; four, six and eight-tooth wethers, 16/1 to 20/4: good two-tootli ewes, 19 '- to 22/6; ordinary two-tootli ewes, 15/1 t-o 18/1; sound-mouthed owes. 16 5 to 20/-. Fat Lambs —Prime lambs, 20/- to 23/7: medium, IS/- to 19/6; lighter, 15/1 to 3 7..'-: prime wethers, 25/11 to 28,'-; others, 20/3 to 25/1; merino wethers, 29 1; prime ewes, 22/- to 30/'-; medium, IS.'- to 21/-; lighter, 19.'- to .17/6. Extra prime steers to £IS: ordinary steers. £7 15, - to £l2; extra prime heifers to £ll 19, -; ordinary heifers, £6 2/6 to £9: extra prime cows to £l3 19/-; ordinary cows, £6 to £9; price of beef per J OOlbs, 29/6 ‘to 45,6; extra to 59/-. Fat Cows —Seven special calves realised up to £5 19/-; average. £4 2/6; prices, S/- to 5 3 - for ordinary sorts; good, calves to II!)-'-; dairy cows, £3 to £.11: extra to £l( 5/-. Store (.’attic Yearlings. £1 I -: 15 to ]S-months, £3 4/-; two-year-old steers, £5 2'6 to £5 19/.; two-year heifers, £1 2/6 to £1 16/6; three-year steers, £S 2,'6 to £S 6,'-: cows, £2 to £'. 5/-. Pigs—Choppers, 5o - to 99/-; extra heavy haveners to 195,'-: heavy haveners, SO/- to 98 '-; light haveners, 60/- to 75/-; price per lb, Cb.d to Td; heavy porkers, 45/- to 54/-; light porkers, 40/to 44/-: price per lb, 7 1 ,‘jd to Sd; the store pig quotations arc—best stores, 36'- to 45/-; medium, 22,/- to 35/-; small, 14/- to 21/-: weaners, .8/6 to 12/-. NO EXPORT OP CROSSBRED WOOL. WELLINGTON, February Hi. Tlie Prime -Minister stated to-day Unit a communication had been received from the Imperial Government requesting tlie New Zealand Government to prevent any crossbred wools living shipped to neutral countries, as it is urgently required for Britain, and especially for tlie British Army. RAIN IN NORTH OTAGO. O’AMARU, February 16. The rain during tlie last, lew days lias freshened up tlie country considerably. and lias brightened the prospects for winter feed. CHRISTCHURCH MARKETS. The oat market is very slow, and with very few lines passing, .prices are, if anything, a shade easier. Tlie majority of growers are refraining from offering, some being uncertain whether they will not require all their oats for stock feed during the coming winter. The recent rains, however, have done mm !i to allay fears regarding a scarcity of winter feed, and it is highly probable that the coming week will witness increased offerings of (his cereal. It is generally recognised that whatever business will lie done in oats during tlie current year will be of a local character, since with

short supplies It will be impossible for the province to compete successfully against other parts of the dominion, notably Southland, where the crop is reported to be an abundant one. Locally, values are unchanged, but it seems doubtful whether these would be maintained were any considerable quantity of grain placed on the market. The chaff market is dull, little having passed for some time. The current offers range from £4 10/- to £1 15/-, but at tliesc prices there are few sellers. In tlie past it has been the practice to ship large quantities of chaff to other parts of the dominion, but it seems doubtful if shipments this season will reach largo dimensions, as with chaff comparatively short in the province and with large quantities offering in other parts of the country, notably in Marlborough, Wairarapa, Manawatu and Hawke’s Bay, it is unlikely that Canterbury will obtain more than a small share of the trade. Besides, it is considered that the greater part' of the quantity available in Canterbury will be required for consumption within the province. STANDARD INSURANCE COMPANY. The annual report of of the Standard Insurance Company states that the net income for the year, after providing for unexpired risks, amount to £132,4.95 H!/10, and the expenditure to £100,021 13/6, leaving a balance of £31,874 3/1, to which lias to lie added tlie balance carried forward from last year ' —viz., £8351 1/3 —making a total of £40,225 1/7. From tins amount an interim dividend was paid in .lime last amounting to £3750, leaving a balance of £35,175 4/7, which the. directors have dealt with in the following manner:— To reserve fund, £1(5,000; to guarantee and provident fund, £2500: to appropriation for depreciation of securities, £2500. The directors recommend that the balance be appropriated as follows:—To pay a dividend for half-year ending December 31, 1915, at the rate of 3/3 per share, £0250; to carry forward to next year, £9225 4/7. Full provision lias been made in the accounts for all ascertained losses to the close of the year. Messrs William F. Edmond and John Mill retire from the directorate, and offer themselves for re-election. Mr Patterson offers himself for re-election as auditor. LONDON MARKETS. \ LONDON', February 5. Deceived February IC, 9 p.m. Copper—Spot, £IOO 5/-; three months, £lO 4 15/-. Lead —£32 5/-. Imports, 12,167 tons; exports, 4139 tons. Pig iron—£4 14/5. NEW ZEALAND FREIGHTS RAISED, 10,.'- PER TON' ALL KOUN’D. LONDON', February 15. New Zealand freights will be raised 10/- per ton all round from Ist March.