COMMERCIAL

Southland Times, Issue 19540, 2 May 1925, Page 2

COMMERCIAL

WYNDHAM SALE. LIVE STOCK MARKET. Hunter Bros, and Rice report Wednesday’s sale as follows: — . # Sheep: A medium yarding, comprising mostly of aged ewes, which met a somewhat easier sale, prices being slightly below those ruling, of late. Anything young was in keen demand and prices realised maintained late rates:—4o 2th ewes 40/6, 11 fat lambs 35/6, 2 fat withers 25/-, .24 fat ewes 25/-, 3 fat lambs 39/-, 51 fat ewes 23/-, 37 do. do. 27/-; 56 f.m. ewes 20/4, 37 do. 22/6, 112 do. 22/6, 34 do. 18/3, 31 do. 12/9, 91 do. 17/6, 117 do. 21/-, 61 do. 16/6, 34 do. 12/-, 4 do. 16/-, 7 do. 21/9, 32 do. 17/-, 32 do. 15/6, 100 do. 17/7, 3 lambs 22/-, 1 2-th S.D. ram Hgns, 1 f.m. R.M. do 33/-, Shropshire rams 23/-, 1 Romney Marsh do. £1 12/6. Cattle: A medium yarding with prices much on a oar with late rates. Four steers £5 2/6, 7 do. £4, 22 do. £6 8/-, 10 do. £6 11/-, 30 heifers 29/-, 1 steer £3 10/-, 1 do. £2 10/-, 1 empty cow £2 5/-, £l, £1 12/-, £2 10/-. Cull Cow: £2 10/-, £1 10/-, £1 5/-, £l, 29/-, 30/-. Eight heifers 25/-; 1 fat cow £2 12/6, 2 do. £2 10/-. One bull £2 2/6. Pigs: A- good yarding, which met a ready sale. 1 at 31/-, 3 at 30/-, 4 at 26/-, 4 at 24/6, 1 at 25/6, 2 at £l, 1 at 18/-. Henderson and Co., Ltd., report:— Sheep: Large yarding, consisting mostly of breeding ewes with a few pens of nice quality store lambs. All classes met with a ready sale, especially fat and forward lambs. ' We topped the fat lamb market at 42/- with a nice pen of Shropshire cross lambs bred and fattened by Messrs T. Ayson and Son. Cattle:—Good yarding consisting mostly of store cattle which sold readily up to late rates. Our sales were: — Sheep: 10 fat lambs at 42/-, 85 do. at 37/-, 32 at 36/-, 29 at 35/3, 57 do. at 35/-, 30 at 33/6, 2 fat wethers at 41/6, 6 dp. at 37/6, 89 at 35/10, 1 at 33/6, 79 2-th ewes at 35/-, 17 fat ewes at 24/6, 7 at 23/6, 123 forward lambs at 30/-, 31 do. at 29/9, 70 do. at 29/1, 20 do. at 27/3, 18 s.m. ewes at 30/3, 100 do. at 28/-, 10 f.m. ewes at 20/-, 15 l//9, 51 do. at 19/-, 5 do. at 16/6, 17 store lambs at 20/3, 17 do. at 20/-, 1 do. at 10/-, 2 rams at 40/-, 2 do. at 38/-, 2 do. at 30/-, 2 do. at 29/-, 2 do. at 27/-.

Cattle: 1 fat cow at £5 17/6, 1 do. at £5 10/-, 1 do. at £5 5/-, 1 do. at £3 10/-, 1 store cow at £2 2/6, 2 do at 15/-, 41 breeding cows at £2 12/-, 1 heifer at £1 5/-, 1 bull at £4 10/-, 1 do. at £3 10/-, 22 steers at £2 17/-. RIVERSDALE STOCK SALE. SHEEP PRICES MAINTAINED. (Our Special Reporter.) Yardings at the Eastern District sales are gradually becoming smaller, and at the Riversdale sale yesterday, ■ the number of sheep forward was comparatively small, while the cattle pens were practically empty. There was a fair attendance of buyers, however, and prices for all classes of sheep were well maintained. Ihe top price was for a small line of young wethers sold by the New Zealand Loan Co., at 41/-. A pen of 81 2-th ewes offered by the National Mortgage on account of Hayles Bros., and purchased by Mr G. D. McDonald, Clinton, at 38/9. These were a line which,, if fattened off, would probably have brought an additional 5/- or 6/-. One pen of 109 well-conditioned lambs offered by Dalgety and Co., on account of Mr McMath, Riversdale, was passed-in at 37/6. Apy sound-mouthed., stuff realised fair values, prices for these ranging from 32/- to 37/-. Older sorts realised from 13/6 to 30/-, the latter price being for pens which included a fair proportion of sound-mouthed ewes or wethers. Sales were as follow: —

National Mortgage and Agency Cd.: 46 guaranteed s.m. ewes at 30/-; 48 f. and f. ewes at 17/-, 80 2, 4 and 64h ewes at 33/9, 81 2-th ewes at 38/9, 28 2-th wethers at 31/3, 3 one-shear Romney rams at guineas. Dalgety, and Co.: 1 6-th wether at 40/-, 109 fat lambs passed at 37/6, 115 4, 6 and 8-th ewes, guaranteed sound, passed at 34/3, 72 f. and f. ewes at 23/6, 143 fat and forward lambs at 31/10, 5 rains at 5/-, 100 2-th ewes at 25/3, 1 ram at 1 guinea, passed-in 9 rams. New Zealand Loan: 125 f. and f.m. ewes at 20/-, 90 f. and f.m. ewes at 29/--, 37 2-th wethers at 37/-, 14 do. at 34/-, 101 guaranteed s.m. ewes at 32/7, 42 s.m. ewes at 35/-, 20 f.m. ewes at 28/6, 51 f. and f.m. ewes at 19/8, 21 f.m. wethers at 30/9, 52 mixed sex lambs at 31/3, 12 2-th wethers at 41/-.

Wright, Stephenson and Co.: 127 f. and f. wethers at 30/9, 128 f. and f. ewes at 22/-, 34 f. and f. ewes at 13/6, 26 do. at 26/3, 100 m.s. lambs at 27/-, 230 f. and f. ewes at 34/9, 268 m.s. lambs at 30/-. J. E. Watson and Co.: 164 wether lambs at 28/8.

CATTLE. The National Mortgage sold 4 empty heifers and 1 steer at £1 2/6. SOUTH CANTERBURY MARKETS. RULING CONDITIONS. (Per United Press Association.) TIMARU, May 30. Business has on the whole, been dull in the local grain and produce markets during the past week. Wheat prices, which millers have increased by 5d per bushel, have attracted a good deal of interest. Quotations are now 6/8 for Tuscan, 6/10 for Hunters and 7/- for Velvet. Large quantities of grain have changed hands at these figures, and, except in .isolated cases, growers appear to be satisfied with these prices. Fowl wheat is dearer in sympathy with milling lines, and may be quoted at 6/7 f.o.b.

Oats are weaker, owing to poor demand from the North Island and the publication of the Government Statistician’s figures has apparently satisfied merchants that ample supplies are available in the country to suit all normal requirements. B grade Gartons have receeded Id, and are now quoted at 4/1 f.0.b., sacks in, while A grade is worth 4/6 f.0.b., sacks in. The bulk of the oats offering in the district are undergrade, and light stuff is worth 3/- to 3/3 on trucks.

Good bright chaff is not offering very freely, and the bulk of the stuff is only fair averaged quality and inferior. Good samples are worth £3 10/-.

Grass seeds are dull at present, and merchants are well stocked. Nominal quotations for ryegrass stand at 2/6 to 3/- for Perennial and Italian. Chevalier barley is required for pearling at 4/6 on trucks. Linseed is easier, £l7 on trucks being the limit to-day.

Potatoes are in over-supply, and have weakened in consequence. Whites are quoted at £4 and reds at £3, which are today’s. best offers. THE CANTERBURY MARKETS. WEEKLY REVIEW. CHRISTCHURCH, May 1. Most interest in the grain and produce trade centres around the wheat position. Farmers are offering their wheat freely, one milling firm having purchased in the last seven days 50,000 bushels. The flour trade has been remarkably slack for some weeks, but it is expected that the settling of the price of wheat and the reduction in flour will stimulate it. •

The fowl wheat market is less excited than last week, when rumours of wheat increase prompted a spurt in buying. Today, quotations are from Id to 2d a bushel easier, being 6/8 Lo-b., sacks extra.

The oat market is firm with little movement in it. A Gartons are quoted at 4/6 per bushel, f.0.b., sj., just a shade easier than a few days ago. B’s aTe quoted at 4/1, the respective prices on. truck to farmers being 3/8 and 3/3. So far as Canterbury is concerned, grade oats will be in small supply in proportion to the yield, but the heavy yield of low grade stuff must continue to have a lowering tendency on the market for good white oats. Potatoes are as previously quoted at £3 10/- per ton, on trucks, for prompt, and a shade more for June-July delivery. At this range, farmers are sitting back. The early planted crops are turning out very satisfactorily, although some small areas have been “drowned out,” but later planted fields are not so good. Vessels scheduled to leave for the North this week have been delayed. The Katoa left yesterday with 1,500 sacks, the Kaiapoi left to-night with an estimated cargo of 3500 sacks, and the Wanaka is due to sail to-morrow with a small cargo. A definite estimate is impossible to obtain on account of the transfers that* are taking place at the port. The shipments altogether do not exceed a week’s Auckland supply—over 6000 tons. Linseed has eased, and is quoted at £l6 10/- a' ton.

Ryegrass, cocksfoot and clovers are dull of sale with no difference in quotations. There is a fair demand for good bright chaff at up to £3 15/- on trucks, but the cost of sacks eats so heavily in to the price that farmers are generally prepared to leave the chaff where it is—in the stacks. Undergrade is not inquired for. The pea market is completely in the doldrums at present. The Home demand shows no life.

Onions are being inquired for from Sydney. There is a margin for export, but the irregularity of shipping is a barrier. Quotations to growers are $7 10/- per ton on the trucks. DAIRY PRODUCE. RISE IN BUTTER. Messrs Dalgety and Co., Ltd., report having received the following advice from their head office, London, under date of the 29th inst.: — , | Butter:—Since our last wire prices are 4/- higher. Spot prices, New Zealand 170/-, New Zealand exceptional 176/-. TALLOW. THE LONDON SALES. Dalgety and Co., report having received the following cable from London:— At the tallow sales this week, 850 casks were offered, of which 200 were sold. Prices unchanged to 5d lower. Mixed sold at 44/-. INVERCARGILL STOCK EXCHANGE. YESTERDAY’S CALL-OVER. At yesterday’s call-over of the Invercargill Stock Exchange, a sale of National Bank of New Zealand shares was effected at £7 2/-. No sales were reported. The following quotations were made, all buyers:—■ Bank of Australasia, £l3 15/-. National Bank of N.Z., £7. Bank of N.Z., 54/6. Union Bank of Australia, £l4 14/-. N.Z. Insurance Co., 31/6. Standard Insurance Co., 41/3. N.Z. Refrigerating Co. (£1), 20/2. Southland Frozen Meat Co. (£1 ord.), 33/-; .(10/-) 16/6, (£1 pref.), 33/-. Mosgiel Woollen Mills, £6 2/-. N.Z. Drug Co., 65/-. N.Z. Farmers’ Fertilisers, 91/-. . > N.Z. Milk Products, 27/6. P.O. Bonds (1927), £9B* 2/6. P.O. Inscribed Stock (1927), £97 2/6; (1929), £97 17/6. Soldier Settlement Bonds (1933), £lOO 15/-. Soldier Settlement Inscribed Stock, £lOO 7/6.

.THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. CHRISTCHURCH, May 1. Sales on ’Change: New Zealand Refrigerating (paid), 20/4, 20/6, (cont.) 10/3 (two parcels); Mannings Brewery (ex. div.) 37/-. AUCKLAND, May 1. Sales: Soldiers’ Bonds, £lOO 15/-; Soldiers’ Inscribed Stock, £lOO 15/-; Auckland Gas 23/9. THE AUSTRALIAN MARKETS. PREVAILING CONDITIONS. (By Telegraph .--Press Assn.—Copyright.) (Australian and N.Z. Cable Association.) MELBOURNE, May 1. Oats: Milling 2/9 to 2/10; feed 2/6 to 2/8. Barley: English 5/6 to 5/9, Cape 4/- to 4/6. Potatoes: £6 to £7 5/- per ton. Onions: £l2 to £l4. Hides are irregular. Lights and heavy kips declined one eighth of a penny to a farthing. Others are firm.

BUTTER AND CHEESE. THE LONDON MARKETS. SIBERIAN COMPETITION INCREASING. LONDON, May 1. Butter is firm, but quiet. New Zealand choicest is at 170/-, exceptionally 174/-; Australian 160/- to 162/-; Danish to 188/-. Siberian butter is arriving in increasing quantities and supplies are expected to reach 50 per cent, above those of last season. This butter is selling well at from 144/- to 148/-. Cheese is dull. New Zealand is at 96/-, Australian 94/-.

BOVRIL LIMITED. ANOTHER RECORD YEAR. Presiding at the twenty-eighth annual general meeting of Bovril Limited, held in London on 4th March, Sir George Lawson Johnston (Chairman), congratulated the shareholders on having had a successful year. He said: — “The gross profit on trading, lass advertisements, stands at £639,123, as against £571,491 for the year 1923. ' This gross profit, of course, constitutes a record, whilst the expenditure on advertising, which has already been deducted from the gross profit, also reached record figures. The debtor side of this account shows us the nett profit of £390,992, as against £351,898 in the previous year. As indicated in the report, this increase is the result of a very gratifying expansion in the IV>me and export sales of Bovril during the year 1924.” THE SELLING VALUE OF A SMILE. Referring to recent advertising schemes, Sir George Lawson Johnston emphasised how the display of some of the series of Bovril posters brought back advertising memories of the last quarter of a century, and many were surprised to see how long a slight tinge of humour had been a feature of these posters, which otherwise depict a serious food fact. It is rather surprising that it is only in recent years that a touch of humour in posters has become prevalent.

SIR JAMES CRICHTON-BROWNE ON FOOD AND PHYSICAL-EFFICIENCY.. Sir James Crichton-Browne said the Company was constantly receiving testimony to the sterling value of Bovril from all quarters of the globe and under the most diverse conditions.» Bovril had been used largely by the enterprising Oxford University Arctic Expedition, by which, for the first time in history, an aeroplane had been employed in Arctic exploration; it had been carried by Mr Simpson, of the Daily

Telegraph Expedition, which twice crossed the Continent of Australia in a Bean motor-car; and supplies of £ovril had been laid down at ten selected depot points for the use of the great Cape to Cairo motor expedition, now in progress under the leadership of Captain Court Treatt. These were emergency uses of Bovril., The extent of its routine and habitual consumption was best shown by the figures which had been submitted to the shareholders. Bovril was of firmly established reputation and world-wide acceptance, and he ventured to predict for it a still growing popularity. It represented in an agreeable and easily assimilable form that animal protein upon which all the great nations of the world had been built up, and the amount of which, as a food constituent—as Lieut .-Colonel McCarrison, a very high authority, had just shown—might be taken as a measure of the physical efficiency and power of resistance to disease of the different races of India. On the nutrient properties of Bovril, Sir James said he need not enlarge, but he would claim for it what might be called a vitaminic virtue also. The vitamins, which were now becoming household words, were not in themselves foods, and did not nourish, but were essential to nutrition, and gave a fillip to certain metabolic changes in the system. Bovril did that also, as Prof. Thompson’s experiments had conclusively proved, and at the same time it did what the infinitesimal vitamins could not do—it renewed the tissues and yielded energy. Bovril was a food in itself,, and promoted the assimilation of other foods. 123