BURNSIDE STOCK SALE

Southland Times, Issue 24649, 22 January 1942, Page 2

BURNSIDE STOCK SALE

FAT CATTLE EASIER (P.A.) DUNEDIN, January 21. Larger entries in the fat cattle section at Burnside resulted in a' decided easing in all classes. Fat lambs maintained the improved export schedule rates and the sale was firm throughout. The yarding of fat sheep comprised for the most -part ewes of medium quality, while butchers’ wethers were again in short supply. Baconers and porkers sold at prices a shade easier than last week’s ruling rates. The fat cattle yarding consisted of 370 head compared with 300 the previous week. The quality generally was good on the average. Oxen could oe quoted at approximately 30/- down on last week. Extra prime bullocks sold to £lB/17/6, prime £l4/12/6 to £l6 7/6, medium £ll/7/6 to £l2/17/6, light £B/17/6 to £lO/12/6, extra prime cows and heifers to £ll/17/6; prime £7/12/6 to £B/7/6, medium £5/12/6 to £6 12/6, light from £3/17/6. The entry of fat sheep numbered about 1850. The yarding was made up mostly of ewes, and although there were a number of pens of prime description the bulk comprised mostly medium and lightweights. The best wethers sold to 31/-, prime from 25/3 to 28/-, medium 23/6 to 24/6, light from 21/-, extra prime ewes to 20/-, prime 13/6 to 16/6, medium 10/6 to 12/6, light from 9/6. A fairly large entry of fat lambs, numbering 2000, was offered. The entry was made up for the most part of prime quality. Extra prime heavy lambs made to 28/6, prime from 24/9 to 26/9, medium 23/- to 24/-, light from 21/-. • There was a moderate yarding of store cattle, with only an odd pen or two of good steei-s. One pen of four-year-old steers realized £lO/6/-, while two and a-half to three-year-olds made from £7/12/6 to £9. The entry of vealers was a fairly heavy one and prices were easier by 6/- to 7/- a head. Good sorts made up to £5/10/-, while medium made from £2/7/6 to £2/15/-. There was a fairly large entry of both baconers and porkers. The best baconers made to £4/16/-, medium £2/17/6 to £3/12/6, best porkers to £3/5/-, medium £2/6/- to £2/12/6. The entry in the store pig section was in excess of requirements, prices being easier by 4/- a head for all classes. DIVIDENDS DECLARED (P.A.) WELLINGTON, January 21. The Stock Exchange Association has been advised from London that the directors of the New Zealand and River Plate Land and Mortgage Company will recommend a dividend of 4 per cent., less 10/- in the £, for the year ended October 31, 1941. The Commercial Banking Company has declared for the past half-year an interim dividend of 7>/ a per cent.

newsprint expansion

Permission has been sought by Australian Newsprint Mills Proprietary, Ltd., to raise £3.000.000 additional capital for the expansion of the company’s activities. If permission is granted the company's mills at Boyer, Tasmania, will eventually produce 107,000 tons of newsprint a year. The paper manufactured is already being largely used in various Australian centres.