COMMERCIAL

Southland Times, Issue 20613, 11 October 1928, Page 2

COMMERCIAL

WYNDHAM SALEYARDS. ANNUAL REPORT OF COMPANY. The following is the annual report of the Wyndham Saleyards Company, Limited, to be presented at the annual meeting of shareholders, to be held in the Oddfellow’s Hall on Tuesday, October 16:— The directors, in submitting their report are now able to finalize the completion of the new yards scheme inaugurated in 1925. The first part of the re-building of the new yards was that of the sheep pens, in concrete and iron; this was carried out under contract with the Chester Construction Company, the total cost being £1407 4/11. These pens have proved very convenient, ’but the maintenance of the iron standards has been a means of extra expense not anticipated. The second part of the re-building scheme was that of the cattle yards, in concrete, iron, and jarrah; this ’was carried out under contract with Mr D. Clarke, the total cost being £869 17/3. This section of the yards is in a most satisfactory condition. The reconstruction scheme costs, to date, are £2277 2/2. The yards, as completed, are quite up-to-date, and should prove eminently suitable to the requirements of the district for many a long day. A small reconstruction expenditure will be necessary, however, in order to bring the remaining portion of the sheep -pens into line with the main scheme; and the directors propose to go into this matter during the next twelve months. To meet the expenditure entailed by the reconstruction scheme, calls were made on the shareholders: on the commercial issue, balance of 10/- per share—total 20/- per share; on the farmers’ issue, <JS/per share. A new lease, covering 21 years, has been executed with Mr William McLellan, with the right of continuous renewal. This is considered to be a very satisfactory tenure, as it is to all intent and purpose a freehold title. The yard dues have been re-cast, so as to meet the cost of upkeep and provide for a surplus. Providing that the present satisfactory average of yarding entries is maintained—and after paying for the rehabilitation of that portion of the sheep pens still requiring such attention—there should be a surplus available for distribution amongst shareholders. The death of one of the directors, in the late D’Arcy Nicol Raymond, who was a keen supporter of the new yards scheme is reported with regret. The retiring directors are: Messrs George Hunter, William Richardson and Harold S. Raines (Commercial), Andrew Howe and Peter Campbell (farmers). It will be necessary to elect four commercial and three farmers directors at this meeting. Messrs Richardson, Raines, Howe, Campbell and John Carmichael are eligible for re-election. The following figures, with reference to yardlngs, and covering one year, should be of interest to shareholders:—

BURNSIDE MARKET. FIRM RATES FOR FAT STOCK. Dunedin, October 10. Most classes of fat stock were sold at firm rates at the Burnside sales to-day. Fat Cattle.—A yarding of 221 showed good average to prime bullocks and heifers with a proportion of unfinished cattle. There was a good demand at the opening at 15/to £1 firmer than last week. Prices were: Extra heavy bullocks £2O to £23; medium heavy £l7 to £lB 10/-; medium light £l4 5/- to £l6 5/-; light £lO 5/- to £ll 10/-; heavy hfifers £l5 5/to £l6 12/6; medium £l4 10/- to £l5 15/-; medium light £l3 to £l4; light £lO to £ll 5/-; heavy cows £l4 10/- to £l5 5/-; medium £i3 to £l4; medium light £l2 to £l2 10/-; light £lO to £ll. Extra prime ox beef sold on a basis of 48/- per lOOlbs. Plain 45/-;. prime heifers 48/-, cows and light heifers 35/- to 40/-. Fat Sheep.—Fair average to prime quality was included in the yarding of 1629. There were a few heavy pens of sheep while the proportion of fine wool wethers was fair. Ewes were in small supply and the first shorn sheep of the season penned numbering 30, was in better demand throughout the sale, heavies being up 1/6 to 2/-, while mediums were firmer. Prices were: Extra heavy wethers 57/1 to 59/3; prime heavy 42/6 to 45/-; prime 39/6 to 40/6; medium 36/- to 37/6. Extra heavy wethers sold on a basis of 6Ad; light 7d to 7fd; prime ewes 6d; old ewes 5d lb. Spring Lambs.—A mixed quality was yarded in an entry of 39, 1 a number from the Maheno district being somewhat young. The demand was fair and prices eased some shillings compared with last week. Prices were: —Best heavy lambs 40/- to 42/-; medium heavy 36/- to 39/-; fair 34/- to 35/-; light 22/- to 28/-. Prime lamb sold on a basis of 1/4 and 1/6 lb. Store Cattle. —Of an entry of 150 about 30 head were fair three-year-old bullocks while the balance made up of mixed yearlings. Medium cows were in fair demand at a decline from 7/6 to 10/- per head. Very fair three and four-year-old bullocks realized £ll 12/6. one and a-half-year-old steers £5 18/-. Others were unchanged. Pigg.—There were 196 fats and 117 stores. Baconers were firm and porkers a shade easier while stores, mostly small sorts, met only with a fair demand. ADDINGTON MARKET. FAT CATTLE IN SHORT SUPPLY. Christchurch, October 10. There were smaller entries all round compared with the previous week at the Addington markets to-day. Fat’ cattle were in short supply and recovered from the drop sustained a week ago. Fat sheep averaged about the same prices. Dry store sheep were in better demand, but values were unchanged and ewes and lambs were dull of sale. Spring lambs sold at improved rates. Of store sheep the yarding was about the same as that of the previous week, but there was a larger proportion of good quality. Sheep.—Dry, sheep were in keener demand, well woolled wethers in fair condition selling readily at late rates and good ewe hoggets sold well. Values were good: Halfbred ewe hoggets 37/6 to 43/-; ordinary wether hoggets 26/-; well woolled halfbred wethers 31/- to 33/6; shorn wethers 22/- to 25/.-; 4, 6 and 8-tooth threequarterbred ewes to 33/-; sound mouth halfbred ewes to 25/6; sound mouth crossbred ewes and lambs 16/- to 19/-. All counted, the spring lambs’ entry totalled 125, and under active competition, prices showed an improvement. Extra good lambs sold to 43/3; good 36/- to 39/6; medium 31/- to 35/6; small 27/- to 30/-. There was a shorter entry in the fat sheep section. The quality of the yarding was generally good. On the average prices were about the same as the previous week. The range of prices yas: Extra prime wethers to 50/4; prime wethers 43/- to 47/6; prinie medium weight wethers 37/- to 42/-; medium and unfinished wethers 30/10 to 35/-; shorn wethers 28/1 to 38/1; extra prime ewes to 42/7; prime ewes 36/- to 40/-; medium ewes 28/- to 35/-; aged and inferior ewes 24/10 to 27/6; shorn ewes 17/10 to 34/10; hoggets 30/10 to 39/10. Fat Cattle.—There was a considerable fall-ing-off in the numbers of fat cattle yarded, the total being 329, against 480 the week before and 457 a fortnight ago. The quality was mixed, but on the whole similar to that of the previous yarding. Outside supplies were represented by consignments from the West Coast and North Island, the northern cattle having been down for some time and some of them had been offered at previous sales. The market opened at an advance- in prices: Extra star beef to

50/-; average 44/6 to 48/-; medium 39/6 to 43/- ;, plain heavy steers 36/- to 41/-; prime cow and heifer beef 44/- to 47/6; medium 39/6 to 43/-, and rough down to 30/- per lOOlbs. The range of prices was: Extra prime steers to £2l 12/6; prime steers £lB 10/- to £l9 17/6; medium steers £l6 10/- to £18; ordinary steers £l2 2/6 to £l6; extra prime heifers to £l6 2/-; prime heifers £l4 to £l6; ordinary heifers £7 7/6 to £l3 10/-; extra prime cows to £l6 2/6; prime cows £l3 to £l6; medium cows £9 10/- to £l2 10/-; aged and inferior cows £6 12/6 to £9. A small entry of vealers was mostly of poor quality, but there were some good animals among the older sorts. Prices, showed an advance on late rates. Twelve to 18 months’ sorts sold to £lO 11/-. Good vealers £6 10/- to £9; medium vealers £3 10/- to £5 15/-; small calves 20/- to £2 15/-. A small yarding of store cattle consisted mainly of cows and there was a good sale for all classes. Values were good: Cows to £6 10/- medium cows £3 10/- to £4 15/-; aged and inferior cows 20/- to £2 10/-; two-year steers £6 17/-; yearling steers £4 12/6; bulls £3 to £6 10/-. There was a medium yarding of dairy cows, both as to numbers and quality. There was a good demand. Values were: Second, third and fourth calvers £7 to £ll 10/-; heifers £5 10/- to £lO 10/-; aged cows £4 to £6 10/-. There was a small yarding of fat pigs, porkers being rather firmer and baconers selling at late rates. Values were: Choppers 30/- to £4 6/-; light baconers £3 7/6 to £4; heavy baconers £4 5/6 to £4 10/6; average price per lb. 6d to 64d; light porkers 35/- to 45/-; heavy porkers 47/6 to 55/6; average price per lb. 7d to There was again a heavy entry of store pigs, resulting in a further fall in prices. Values were: Small weaners 5/- to 9/-; good weaners 8/- to 12/-; small stores 9/to 12/6; medium stores 13/- to 15/-; large stores to 28/-. RABBITSKIN SALE. The Otago Farmers’ Co-op. Association of New Zealand, Limited, report as follows: Small catalogues were offered at Tuesday’s sale to the usual bench of buyers. Bidding was keen and prices for all grades were on a par with last sale, considering the quality of skins offering had fallen off considerably. We quote: Small 34.|d, summer milky 42 |d, summer broken 39d, summer bucks 44d, summer does 44d. runners 46d, racks 53d, dawn autumns 56d, early autumn 64d, late autumns 734 d, incomings 89jd, first, winter bucks 114 Ad, first winter does 1391 d, second winter bucks 99d, second winter does 1221 d, spotty bucks 85Ad, spotty does 105.[d; outgoing bucks 63|d ; outgoings 79d, spring bucks 53d, spring does 574 d, winter broken 63d, autumn broken 54jd, spring black 40Jd, outgoing black 57d, winter blacks 108 d, spring fawn 70d, outgoing fawn 80d, winter fawn 104 A. Hareskins 49. Horsehair 21 Jd. Note: At a meeting of the buyers it was decided to commence the monthly sales from this week; the following are the dates until the fortnightly sales start:—November 6, December 4, 1928; January 15, February 19, March 19, and April 4, 1929. PEDIGREE CATTLE SALE. HIGH PRICES REALIZED. Dannevirke, October 10. Sales of pedigree Polled Angus have been held at Dannevirke during the past two days. At the annual breeders’ sale prices reached a higher level than in any other previous year. The record price of 215gns was secured by W. T. May for a yearling bull, t he purchaser being Mr Kinross White. Another yearling on account of the same vendor realized lOOgns. Other prices realized ranged from lOOgns to 190gns? At the annual sale at Akito the Aberdeen Angus top price was 125gns for a stud bull. Other prices ranged from 52gns downwards, the average price being 32gns. STOCK EXCHANGE. YESTERDAY’S TRANSACTIONS. At a meeting of the Invercargill Stock Exchange yesterday, the following prices were quoted:— Bank of Australasia, b £l4 14/-. Commercial Bank, s 30/4. Bank of New South Wales, b £5O 15/-. Bank of New Zealand, b 61/-. Union Bank of Australia, b £l5 6/-. English, Scottish and Australian Bank, s £8 18/-. National Bank of New Zealand, b £7 4/6. Westport Coal, s 30/9. Westport Stockton (ord.), s 3/8; (8 per cent, non-cum. pref.), s 4/9. National Insurance, s 16/6. New Zealand Insurance, s 45/9. Standard Insurance, b 64/6. Dalgety and Co., b £l5 1/-. National Mortgage, b 84/-. Perpetual Trustees (Dunedin), b 63/-. Goldsbrough, Mort and Co., s £2 11/9. Wright, Stephenson and Co. (pref.), b 15/9. New Zealand Refrigerating Meat Co. (20/-), s 19/3; (10/- paid), s 9/3. Southland Frozen meat Co., (£1 ord.), b 35/6, s 37/6; (10/- ord.), b 17/9; (£1 pref.), 35/6. Electrolytic Zinc (ord.), s 32/-; (pref.) 33/3. Huddart-Parker Shipping Line (ord.), s 48/6. P. and 0. S.N. Co. (def. stock), b £240. Mosgiel Woollen Mills, b £7 6/-. Bruce Woollen Mills, b 15/-. Wikon’s (N.Z.), Portland Cement, b 38/-. D.I.C. (ord.), b 10/- premium. Colonial Sugar Co., b £62 10/-. Dominion Rubber Co., s 28/6. New Zealand Milk Products, s 23/-. Milburn Lime and Cement, b 34/9. New Zealand Drug, b 69/-. New Zealand Breweries Ltd. /shares), s 55/-. New Zealand Guarantee Corporation, b 9/-. New Zealand Farmers’ Fertilizers, b 85/-. Dominion Investments, b 23/6. Donaghy’s Rope and Twine, b 33/6. War Bonds (1930), b £99. Inscribed Stock (1939), b £99. Soldier Settlement Loan Bonds (1933), 5A per cent., b £lOl. Inscribed Stock (1938), b £99. War Bonds 1938), b £99. War Bonds (1939), b £99. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, .October 10. Sales on ’Change: Borough of Mt. Eden Debentures (1961) 5J per cent. £lOl 10/-; Union Bsnk £l5 6/-; New Zealand Insurance 45/-; South British Insurance 62/6; Farmers’ Co-operative Auctioneering 65/-; Electrolytic Zinc (ord.) 32/6; Hayward’s Pictures 20/9 (two sales); Wilson’s Cement 39/3 (two sales); Ohinemuri 7/-; Waihi 14/2. Wellington, October 10. Sales reported: per cent. Government Stock (1936) £lOl 10/-. Christchurch, October 10. Sales on ’Change: Glaxo 6| per cent. (1945) £9O; National Bank of Australasia (£5 paid) £9 11/9; Bank of New South Wales £5 15/-; National Insurance 16/3. Sales reported: Bank of New South Wales £5 16/3; Wellington Frozen Meat 12/6. Dunedin, October 10. Sales reported: Bank of New Zealand 61/3; E.S. and A. Bank £8 17/-; Crystal Ice 24/-.

Fat sheep .. 3,706 Store sheep .. 55,294 Store cattle .. 1,393 Fat cattle 742 Dairy cows .. .. .. .. .. 268 Yearling cattle .. .. .. .. 341 Rams .. .. 477 Bulls 66 Pigs 436 Total .. 62,723