STOCK SALES

Southland Times, Issue 23610, 10 September 1938, Page 4

STOCK SALES

MARKET AT WYNDHAM HEAVY ENTRY OF DAIRY COWS Dalgety and Co., Ltd., report on the Wyndham stock sale as follows:— “There was a small yarding of fat wethers and last sale’s good rates were maintained. There was a fair yarding of store sheep which included several lots of ewe hoggets. In keeping with recent outside sales these were inclined to be slow of sale and those sold appeared to be good buying. Ewes and lambs all counted made up to 11/2 and a few lots of failingmouthed ewes met moderate competition.

“A big yarding of medium quality fat cattle was forward and last sale’s good prices decreased in most cases. “There was a heavy entry of dairy cows and these met good competition for young early calvers. Aged and inferior sorts were hdrd to quit. A herd of 26 averaged £6 7/6. “Sales:—

“Sheep.—Bl f.m. ewes 20/2, 51 at 10/-, 40 ewes and lambs all counted 11/2, 75 ewe hoggets 28/3, 20 at 20/-, 170 at 28/9, 1 fat wether 28/-, 9 at 28/-, 3 at 21/6.

“Cattle. —Dairy cows £8 5/-, £B, £7 17/-, £7 15/-, £7 10/-, £7, £7 2/6, £6 15/-, £6 5/-, £6, £5 15/-, £5 5/-, £5, £4 5/-, £3 10/-, £lO 5/- t £9, £9 15/-, £8 5/-, £6, £4, £2, £5 5/-, £2 7/6, £2 12/6; 1 fat cow £9 2/6, 1 at £ll 5/-, £8 10/-, £7 12/6, 2 fat heifers £5 17/6, 1 fat cow £7, £7 5/-, 1 store cow £4, £3 7/6, 2 heifers at 25/-.”

Henderson and Co., Ltd., report as follows:—

“There was a fair entry of sheep for the season of the year. Fat sheep were in fair demand, good quality wethers selling readily at last sale’s rates., A few pens of butchers’ ewes were harder to sell and realized slightly under late rates. A good entry of well-grown good quality hoggets were yarded. There was fair competition for this class and late sale rates were maintained. Breeding ewes met with keen competition and sold right up to late market rates. _ “There was a fair entry of medium quality cows and heifers in the fat pens and these showed a drop of about £1 a head on last sale’s rates.. There was a keen demand for all classes of store cattle, and the whole yarding was quitted at auction at prices slightly in advance of late sales. There was a large entry of dairy cows, which also met with a ready sale at prices £1 a head over last sale. “We sold:—

“Cattle.—Fat cows at £8 5/-, £6 17/6, £5; dairy cows, 3 at £9, 1 at £lO, 1 at £8 10/-, 1 at £8 7/6, 1 at £B, 2 at £7, 1 at £6 5/-, 2 at £6, 1 at £5 15/-, 2 at £4 15/-, 1 at £4 7/6, 1 at £4 5/-, 2 at £4 2/6, 1 at £3 17/6, 3 at £3 10/-; 2 dairy heifers at £4 15/-.”

The National Mortgage and Agency. Co., Ltd., report as follows:— “A few pens of very good quality wethers sold under fair competition. Store sheep were easier and sold on a par with recent district sales. “The demand for beef was not keen, but there was good competition for store cattle. “W sold:—

“Sheep.—B fat wethers at 35/-, Bat 34/3; 56 ewes and 54 lambs at 10/- all counted, 102 medium ewe hoggets at 27/-.

“Cattle.—Fat cows at £5, £6 10/-, £6 5/-, £ll 12/6, £lO 5/-, £8 15/-, £7. £6 10/-, £7 5/-, £4 17/6, 4 store heifers at £3 19/-; 15 2-yr steers at £7 12/6; 14 yearlings at £3 1/-.” 7. ; — WINTON HORSE SALE DEMAND FOR GOOD YOUNG ANIMALS Good young horses sold fairly well at the Winton horse sale yesterday, but there was little demand for aged sorts. Top price was for a five-year-old mare which realized £33 10/- and a five-year-old gelding brought £32 10/-. . A quantity of harness was sold at ruling rates. Twenty-four draught maresand geldings were offered. The sale was conducted by Wright, Stephenson and Co. Ltd. The sales were:—

One five-year-old gelding at £33 10/-; one four-year-old at £26; one eight-year-old at £10; one six-year-old at £3O; one seven-year-old at £l9 10/-, one five-year-old at £l3 10/-; one colt foal at £7; one three-year-old gelding at £l4; one at £l2; one four-year-old gelding at £32 10/-, one nine-year-old at £l9; one eight-year-old mare at £2l; one eight-year-old gelding at £2O 15/-; one light gelding at £9 10/-; one six-year-old mare at £l6 10/-. GOLDFIELDS) DREDGING COMPANY i FIFTH ANNUAL MEETING The fifth annual meeting of the Goldfields Dredging Company was held at Timaru, on September 5. The directors’ report stated that during the year several of the directors’ meetings werq held in Queenstown, thus enabling the directors personally to inspect the dredge and the claim, and to be in close contact with the dredgemaster. The dredge had been overhauled to bring it to the state of efficiency necessary for continued dredging. Large economies were effected in this direction by the purchase of an electric welding plant which enabled the work to be done on the claim and thus saved the resultant loss of time and expensive cartage when sending parts away for repairs. The report drew the shareholders' attention to the fact that during the year an amount of £454 14/7 was paid by the company for gold export duty and it would be indeed desirable if the representations now being made to the Government to have this tax removed, were brought to a successful issue. In moving the adoption of the report, the chairman (Mr J. McMullan) warned shareholders that an attempt was being made to influence shareholders to vote for a sale of some of the company’s assets, and that shareholders must realize that the directors, with their more intimate knowledge of the situation, were in the best position to deal with any offers which may be made. Mr McMullan. further stated that provision had been made to carry on the dredging operations of the company, and that no definite offers had been received for any of the company’s assets, which were very valuable and with which it was hoped to carry on satisfactorily in the future. He gave a brief survey of the gold won since the inception of the company in 1933, which disclosed in round figures that 3000 ounces had been recovered, of a total value of over £22,000, and that the year under review had produced 53 ounces above the average return for the past five years. A discussion took place on the balancesheet and report, the adoption of which was carried unanimously. The retiring director, Mr W. Milne, of Oamaru, was re-elected, and Mr M. M. Enting, of Timaru, was elected to the board to fill a vacancy. Mr Searle D. Mason, public accountant. of Timaru, was elected auditor.