COMMERCIAL

Southland Times, Issue 19395, 8 November 1924, Page 2

COMMERCIAL

WINTON STOCK SALE. THURSDAY'S AUCTION. The yarding of both sheep and cattle at Thursday’s Winton Stock Sale, was small. Prices were high and the bidding keen throughout. Fat wethers brought 50/-, fat ewes 43/3. Following are some of the sales:—National Mortgage Co.:—Cattle: Dairy cows £2 2/6, £4 5/-, £6, £6 2/-, 5 steers £3 2/6, 2 do. £4 10/-, empty cows, 3 at £2 15/-, 2 at £1 10/-, 4 at 16/-, 4 yearling bulls 16/-, do. £1 10/-, do. £2 10/-. Wright, Stephenson afid Co.:—Cattle: Cows £7 5/-, £6, £4 2/6, 2 at £2 8/-, £4, 3 steers £B, 1 do. £4, 2 do £1 10/-, bull £2, 10 calves 15/-, 4 heifers £1 8/-. Sheep: 99 ewes and lambs 22/- (all counted), 104 do. 21/-, 418 do. 21/1, 162 do. 18/2, 68 do. 21/6, 72 do. 18/7, 84 wether hoggets 37/9, 3 rams 14/6. Southland Fanners’ Co-op.:—Cattle: Empty heifers, £2 10/-, 3 at £1 6/-, 3 at £1 10/-, 16 do. £3 2/6, heifers £1 2/6, 3 at £2 17/6, £1 12/6, £2, £1 1/-, dairy heifers £7, £4 2/6, £3 7/6, £6 10/-, 4 yearlings 14/-, fat cows £8 10/-, £9 15/-, £6 10/-, cow £1 2/-. Sheep. 234 ewes and lambs 22/4 (all counted), 80 do. 17/8, 62 do. 19/1, 132 do. 20/8, 18 fat wethers 50/-, 7 do. 44/-, 40 wethers 41/6, 18 dry ewes 21/9, 74 m,s. hoggets 33/1. MATAURA STOCK MARKET. THURSDAY’S SALE. (From our Correspondest.) The monthly sale was held at Mataura on Thursday in the presence of a fair attendance of farmers. The yarding comprised 1280 sheep, mostly ewes and lambs, and 78 bead of cattle. A pair of prime wethers realised 32/-, while a small lot of medium fat ewes made 28/6. The market for ewes and lambs was a little easier, excepting for extra good sorts. Sales of medium quality were recorded at 15/- to 21/6, while a line of extra good fulland failing ewes with big lambs realised 28/6 all counted. A prime medium-weight bullock made £l3 7/6, and fat cows and heifers from £3 to £6 17/6. Dairy cows in full profit realised from £4 12/6 to £l2 10/-, the latter figure being paid for a good looking cow just calved. Aged cows went at 12/6 up to £3 2/6, springing heifers £1 5/- to £4, and empty cows and heifers up to £1 12/-. A two-year-old steer changed hands at £3 5/-, and yearling mixed cattle up to £1 10/-. A pen of young bulls sold at from £2 up to £4 10/-. CANTERBURY MARKETS. RULING CONDITIONS. Only a small amount of business has been done during the last few days, and owing to next week being Carnival Week it is not likely that much will happen until after that period. There has been some demand for potatoes for prompt delivery, which are quoted at £6 5/-, equal to £5 to fanners. Very little forward business has taken place during the last week. There is still some inquiry from Auckland for chaff, which on trucks is worth about £7 15/- to fanners. Ryegrass is being offered freely, but is not meeting with any demand. STOCK EXCHANGE. YESTERDAY’S BUSINESS. At yesterday’s meeting of the Invercargill Stock Exchange sales of Union Bank of Australia fractions at 11/3 and 11/6, were reported. Quotations were as follow: Bank of New Zealand, b 59/3. Union Bank of Australia, s 12/-. Westport Coal, s 36/9. Westport Stockton (ord.), b 2/7; s 3/6. Westport (8 per cent, non-cum. pref.), b 5/-; 8 6/-. New Zealand Insurance, b 29/-. South British Insurance, b 42/-. Perpetual Trustees (Dunedin), b 40/ Southland Frozen Meat (£1 ord.), b 33/-; s 34/-; (10/- ord.), b 16/6; s 17/-; (£1 pref.), b 33/-; s 34/-. Bruce Woollen Mills, s 28/-. D.I.C; (ord.), b 4/6 (premium). Milburn Lime and Cement, s 36/3. N.Z. Drug, b 64/6. N.Z. Express (pref.), b 17/-. N.Z. Milk Products, b 26/-. Inscribed Stock, 1938, b £97 7/6. War Bonds, 1938, b £97 10/-. Inscribed Stock, 1939, b £97 7/6 War Bonds, 1939, b £97 10/-. War Bonds, 1927-41, b £9B. P.O. Bonds, 1927, b £97 15/-. P.O. Inscribed Stock, 1927, b £97 15/-. P.O. Inscribed Stock, 1929, b £97 15/-. Soldiers’ Settlement Loan Bonds, 1933, b £lOl. Soldiers’ Settlement Loan Inscribed, b £lOl. THORNBURY SALEYARDS COMPANY. ANNUAL MEETING. The annual meeting of the shareholders of the Thornbury Sale Yards Company, was held in the Public Hall on Wednesday evening, Mr G. Carmichael presided.. The following report was submitted to the meeting : The directors have pleasure in presenting their sixth annual statement. As a result of the year’s operations there is shown an actual profit of £lO 19/5, which no doubt would have been larger but for the fluctuations and uncertainties of the stock market However stock prices have improved considerably in the last few weeks so the Company can reasonably look forward to a better year. The property and yards are in first-class order and should fulfil their purpose for many years without much additional expense. The retiring directors,. Messrs Fallow, Mclntyre and Riddle were re-elected. Mr G. Carmichael was re-elected Chairman and Mr E. B. Patrick auditor. Instructions were issued for minor repairs to be carried out at the yards. MOSGIEL WOOLLEN COMPANY. SATISFACTORY YEAR EXPERIENCED. The directors of the Mosgiel Woollen Factory Company (Ltd.), in submitting the 51st annual balance-sheet, express the opinion that they are justified in congratulating shareholders on the satisfactory result of the year’s work. Difficulty has been experienced during the trading of the year more than for some years past, owing to the competition of woollen goods which have been imported at abnormally low values. The directors are, however, able to recommend the payment of a further dividend of 4 per cent, and a bonus of 2 per cent., which, with the interim dividend of 4 per cent, paid in May, makes 10 per cent, for the year. After £5OOO has been written off for depreciation, £5OOO added to reserves, and provision made for income tax, the profit and loss accounts shows a balance of £15,000 available for appropriation. After £5723 has been provided to meet the proposed dividend and bonus, there remains a sum of £9280 to be carried forward. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. DUNEDIN, November 7. Sales on ’Change: Kawarua Gold Mining 20/-. Sale reported : Christchurch Gas £7 13/-. CHRISTCHURCH, November 7. Sales reported: New Zealand Government 5 J per cent. Inscribed Stock (1933), £lOl 7/6, Christchurch Gas £7 14/-. Sales on ’Change: Union Bank (rights) 47/- (four parcels), 47/3 (four parcels), Union Bank (fractions) 10/6, 10/9 (six parcels), New Zealand Refrigerating (paid) 22/-.