HORSE SALE AT WINTON

Southland Times, Issue 23828, 27 May 1939, Page 4

HORSE SALE AT WINTON

FAIR DEMAND FOR GOOD SORTS FEW BUYERS OPERATING Although there was a good attendance of district farmers there were few buyers at the Winton horse sale yesterday, the first to be held this season. Good horses were in fair demand and sold up to recent rates but poorer sorts were practically unsaleable and passings were frequent. The best price was obtained for a seven-year-old gelding which brought £2B/10/-. A five-year-old gelding realized £26 10/- and the next best price was for a five-year-old mare which sold for £25 10/-. The sale was conducted by Wright, Stephenson and Co., Ltd., and 30 draught mares and geldings were offered. A quantity of furniture and harness was also sold. The sales were.—

One 11-year-old gelding at £4/15/-, seven-year-old at £l6/10/-, seven-year-old at £2B/10/-, five-year-old at £26/10/-, three-year-old mare at £2l 10/-, three-year-old unbroken gelding at £3, six-year-old gelding at £lO/5/-, six-year-old at £ll, three-year-old at £ll, eight-year-old mare (in foal) at £lO, five-year-old gelding at £4; seven-year-old at £4/10/-, eight-year-old mare at £B, aged mare and foal at £3/10/-, aged gelding at £9, seven-year-old at £25, five-year-old mare at £25/10/-, three-year-old gelding at £3, aged mare at £lO, nine-year-old gelding at £4, 10-year-old at £4/10/-, eight-year-old at £B, nine-year-old at £9, aged mare (in foal) at £3/10/-. Hamess.—One horse cover at 10/-, collar £l/2/-, set of hames 5/-, winkers 17/-, cart saddle and breeching. £l/10/-, block and chains £l, horse clipper £l/10/—.

SMALL ENTRY OF SHEEP

STOCK SALE AT OTAUTAU A small entry of sheep and a few pigs were forward for yesterday’s sale at Otautau. Good medium Romney twotdoth ewes made from 28/3 to 28/10, and Romney ewe lambs from 23/6 to 24/8. A few pens of aged ewes realized full market rates. Following were a few of the lines disposed of: ;j. R. Mills sold: Four pigs at 16/6 each, 2 at 30/-. 2 at 27/-, and a crate of hens at 1/-. The Southland Fanners’ Co-operative Association sold: Sixty-eight s.m. ewes at 28/10, 105 stakes at £9, 4 strainers at 12/6, 2 at 12/-, 2 at 11/-, 3 at 9/-, 3 at 11/-, 5 at 9/-, 4 at 4/6, 3 at 9/-, 3 at 5/6. and one dog at £5/5/-. Dalgety and Co., sold: Twenty wethers at 12/- and 61 ewes at 18/6. The National Mortgage and Agency Co., Ltd., sold: Sixty-eight ewe lambsat 18/9, 7 bags of potatoes at 4/- a bag, 30 stakes at 11/-, and 50 at 12/6. Wright, Stephenson and Co., Ltd., sold: Sixty-seven ewe lambs at 23/6, 20 at 24/8, 50 lambs at 24/-, and 15 ewes at 2/9.

FOREIGN EXCHANGES (British Official Wireless) (Received May 25, 6.30 p.m.) RUGBY, May 25. Par. May 18 May 25

COMPANY NEWS FAIRYMEAD SUGAR The net earnings of Fairymead Sugar Company, Ltd., Queensland, for the year ended December 31, 1938, at £49,812, showed an increase of £2626 on that for 1937, and was the highest since 1928. The profit is struck after providing £12,090 for depreciation, against £13,294 in the previous year. The final dividend of 5 per cent., makes the year’s distribution 10 per cent., against 9 per cent, in 1937, and requires £49,250. A sum of £4OOO is transferred to reserve; and against £3556 brought in, £llB is carried forward. v G. J. COLES AND COY G. J. Coles and Company, Ltd. Melbourne, have bought Commerce House, Brisbane, headquarters of the Chamber of Commerce. The price is believed to be nearly £50,000. The building has a frontage of 57ft, to a depth of 148Jft. Coles occupy portion of the ground floor. Many of the tenants have leases, and others are protected for at least a year. It is understood, however, that when present leases expire Coles propose to occupy the whole of the building, in order to cope with their expanding business in Brisbane. The company now has more than 80 stores throughout Australia. MARK FOY, LIMITED The net profits of Mark Foy, Ltd., Sydney retail store organization, was £62,004 for the year ended February 28, compared with £61,564 for the previous year. The ordinary dividend at an unchanged rate of 6 per cent, requires £32,422, and preference dividend at the same rate absorbs £16,374. A sum of £13,022 is transferred to general reserve, making that account £120.000.

With £Bl9B brought forward, £8383 is carried forward. ZINC CORPORATION LONDON, May 25. The Zinc Corporation has declared a dividend of 1/6 a share on preference and ordinary shares and also of 2/- on preference shares for the first half of 1939. THE WHEAT MARKET CARGOES FIRMER AND PRICES HIGHER (Received May 26, 6.30 p.m.) LONDON, May 25. Wheat cargoes are firmer and parcels are higher. Futures:— London: May, 24/21; July, 23/10J. Liverpool: Old contract, May 4/7; new contract, May 4/3 k, July 4/4J, October 4/7|, December 4/B|. The spot trade is easier. Australian, 25/6. Flour and barley are steady. Australian, ex store, 19/- to 20/3.

Paris, fr. to £1 197.60 176 47-64 176 47-64 New York, dol. to £1 4.866 4.68 5-32 4.68 3-16 Montreal. dol. to £1 4.866 4 69 % 4.69% Brussels, , belgas to £1 35 27.50% 27.50 Geneva, fr. to £1 25.2215 20.82% 20.78% Amsterdam. fl. to £1 12.107 8.72% 8.71% Milan, lire to £1 92.00 89 89 Berlin, relchmarken to £1 20.43 11.67 11.67% Copenhagen, kr. to £1 18.159 22.40 22.40 Stockholm, kr. to £1 18.159 19.42 19.42 Oslo, kr. to £1 18.159 19.90 19.90 Vienna, schgs. to £1 34.585 Prague, kr. to £1 164.25 Helsingfors, marks to £1 193.23 226% 226% Madrid, pesetas to £1 25.2215 Lisbon, escudos to £1 110 110% 110% Athens, dracb to £1 375 547% 647% Bucharest, lei to £1 818.60 660 660 Belgrade. dinars 376.3 209 209 Rio de Janeiro, pence to mllreis 5.899 2 13-16 2 13-16 Buenos Aires, pence to dol. 11.45 20.23% 20.15 Montevideo. pence to peso 51 18% 17% Bombay, pence to rupee 18 17 15-16 17 15-16 Shanghai, pence to yen • — — Hong Kong, pence to yen * 14% 14% Yokohama, pence to yen 24.58 14 14 Batuv.'a, guilders 12.107 8.81 8.81 ‘Determined by price of silver.