COUNTRY STOCK SALES

Sun (Auckland), Volume 1, Issue 96, 14 July 1927, Page 2

COUNTRY STOCK SALES

HAMILTON VALUES

The New Zealand Loan and Mercantile Agency Company, Ltd., reports a medium yarding of beef at this week’s Hamilton sale, but prices were firmer. A large entry of dairy cows and heifers met with a good demand. Sheep were penned in average numbers and sold at advanced rates.

The firm quotes:—Prime fat cows and heifers, £7 10s to £8 7s 6d; lighter do.. £5 5s to £6 2s: plain cows, £4 5s to £5: store cows, £2 Ss to £2 16s; Jersey cross yearling heifers, £2 Ss to £3 3s: two-year-old Jersey springing heifers, £8 to £l2 10s; backward do., £5 to £7; dairy cows, £7 10s to £9 10s; fat wethers, £1 13s to £1 14s sd; store woolly hoggets, £1 0s 4d to £1 0s 6d; shorn do., ISs.

A small yarding of both fat and store pigs came forward. Prices for fat pigs were a little easier. whereas stores and weaners showed an improvement. Heavy baconers made £3 to £3 ss; medium do.. £2 12s to £2 16s; porkers, £2 2s to £2 10s; good stores, £1 18s to £2 4s; slips, £1 2s to £1 6s; weaners. 15s to 18s.

OTHER COUNTRY SALES

The New Zealand Loan Company reports holding sales during the past week at ' Westfield, Warkworth, Papakura, Clevedon, Ngatea, Paeroa, Pukekohe and two clearing sales, one at Aka Aka, Waiuku, and the other at ICaukapakapa. The firm quotes:—Best dairy cows, heifers close to profit, £lO to £l4 15s; other cows and heifers close to profit, £6 10s to £9 15s; backward springers, best, £7 to £9 10s; others, £4 10s to £6 15s. aged cows and inferior heifers. £2 to £4 7s 6d; bulls. £2 10s to £7; empty cows. £1 10s to £3; boner cows, £3 5s to £4 7s 6d; yearling heifers, best, £2 10s to £4 ss; others, £1 to £2 7s 6d; yearling to 18-months steers, £2 10s to £3 7s 6cl; 2 to 2£-year steers, £3 10s to £4 15s; 4 to 4i-ye?~r do., £» Ids to £6 12s 6d; grown steers in forward condition. £6 15s to £7 10s; breeding ewes, £1 to £1 8s: store hoggets, 12s to 19s 6d; 3tore wethers, £1 2s 6d to £1 5s 6d.

MINING NEWS

ALBURN I A. —The manager reports.— The Western crosscut has been advanced from 212 ft to 226 ft. The rock passed through is similar to that previously reported. Driving on the hanging wall branch has been continued. The distance driven for the week was 14tt, making a total of 44ft in a northerly direction. This rib of ore averages about 18 inches in width and colours of gold have been seen in the ore broken at each breaking down. Timbering and filling in the stope over the intermediate level has been completed, and a little of the reef broken down. The ore is of a first-class quality and blotches of coarse gold are seen at each breaking-down, ancl it has every appearance of making rich values at any time.

VALUABLE FREEHOLD PROPERTY PURCHASED IN DUNEDIN BY THE SOUTHERN CROSS ASSUR ANCE CO., LTD..

This successful life assurance company has recently purchased a substantial building containing office suites situated in High Street, Dunedin, right in the heart of that city. The company’s interests have expanded so satisfactorily throughout the Dominion that the above-mentioned property is the first of several which will be acquired in due time in New Zealand. It has been the policy of The Southern Cross Assurance Co., Ltd., to secure freehold properties in the principal cities as an avenue for the employment of investment funds. The company has also recently purchased its own building in Howard Street, Perth, West Australia. The Southern Cross Assurance Co., Ltd., is spreading its operations. Its branches in Australia, New Zealand and South Africa now number 27. The record success achieved by this company in its first year has more than continued, and the year ending Junp 30, 1927, sees a fresh record made in attaining £1,700,000 worth of business. In the first year of establishment. 1921, the Southern Cross accomplished a record among Australasian life assurance companies, in that it exceeded the million sterling mark by nearly £250,000. The next best record was the case of a company which reached a similar position in its seventh year, whilst others have taken as many as from 20 to 40 years, to pass the million mark. . One naturally asks why such a young company as the Southern Cross should stand out so prominently as a leader among so many well-known lift offices, as the progress of this company has simply been meteoric. This prominence is due to several causes. Firstly, to the energetic measures employed by the business producing staff. Secondly, to the stability of the company, which has been beyond question; and thirdly (the most Important reason), because the Southern Cross Assurance Company, Ltd., has provided that something in life assurance cover that immediately appealed to those seeking life assurance, find which has now become so popular throughout the Southern Hemisphere. Financial criticis throughout Australasia. including our own New Zealand

“Cambist,” have been ready to confirm the security and the solidity of this company. The laudatory references made from time to time in the financial columns of leading national and financial journals has created a big interest in the working of this progressive company, and has induced prominent men in all States of the Commonwealth and New Zealand to seek life assurance cover in what is destined to become the greatest life assurance company in the Southern Hemisphere.—Right Hon. Sir Joseph Ward, P.C., Bart., K.C.M.0., chairman i of directors for New Zealand. 21