CANTERBURY MEAT CO.

Sun (Auckland), Volume III, Issue 688, 13 June 1929, Page 10

CANTERBURY MEAT CO.

AMALGAMATION PROPOSALS DEFEATED Press Association CHRISTCHURCH, Wednesday. A proposal that their company should amalgamate with the Canterbury Frozen Meat Company was not carried today at shareholders of' the North Canterbury Farmers’ Frozen Meat Company. Actually the voting on the proposal was: For amalgamation, 2,460; against, 2,026. But as according to the articles of association a three-quarters majority is required to carry the motion, it was defeated. The meeting was lively, opponents of amalgamation being loud in their protests against the plan.

DISTRICT STOCK SALES AUCTIONEERS’ REPORTS Auctioneers report on stock sales held throughout the district during the past week as follow: Alfred Buckland and Sons, Ltd., report* IHiring the week we held sales at Westheld, Wellsford, Kumeu, and Tuakau; a pig sale at Waiuku; and three clearing sales. Dairy cattle continue to be in strong request, and high values are ruling. Best cows sold at £l7 to £25; good cows and heifers, £l2 to £l6‘ second grade, £S to £ll 15s; others, £5 to £ 7 15s. The herd of Mr. M. D. More, VVaiau Pa, averaged £ls, and that of Mr. T.hos. Miller, Onewhero, £ls 19s. Average yardings of store cattle are corning forward, and meeting with a rqady sale. Grown steers in forward condition made £9 10s to £lO 7s 6d; three to four-year-old steers, £S to £9 ss; two to ti-.ree-year-old steers, £7 to £8; yearling to 18-months-old steers, £4 10s to £6 10s; steer calves. £3 10s to £4 10s; •well-bred heifer calves, £4 to £5 ss; other calves, mixed sexes, £l. 15s to £3 10s; cows with calves, £7 to £lO 10s; young cows and heifers, £4 to £5 Ids; store and boner cows, £2 10s to £..> 10s; fat steers. £lO 5s to £l4 10s; heavy young fat cows and heifers, £8 to £lO 15s; lighter fat cows and heifers, £5 10s to £7 17s 6d; heavy buds, £7 to £9 15s; sound young herd bulls, £6 6s to £l2 12s; other bulls, £2 to £5 10s. There was a fair yarding of pigs at Waiuku, which sold at Westfield values. The New Zealand Loan and Mercantile Agency Co., Ltd., report: Sales were held during the past week at Westfield, Pukekohe (cattle and pigs), Waiuku (cattle and pigs), and two clearing sales In all instances we report good sales, with values firm for all classes of cattle and pigs. There is a keen demand for good dairy cows and heifers, which are realising high values. Mr. Geo. Carter’s sale at. Bombay was a particularly good one, the dairy cows realising up to £25. We quote: Extra choice dairy cows and heifers, £2O to £25; good dairy cows and heifers, £l2 10s to £l9; medium to fair, £9 to £l2; others, £6 to £S 15s; aged cows and inferior heifers, £3 15s to £5 17s 6d; hulls, £4 to 20 guineas, according to breed, quality, etc.; boner and store cows, £3 10s to £6 10s; weaner lieifers,_ £2 to £4 15s; weaner steers, £3 to £4 ss; yearling to 18-montlis heifers, £4 to £6 10s; yearling to 18-months steers, £4 10s to £5 10s; two to two and a-half year steers, £6 to £7 10s; three to three and a-half year steers, £7 15s to £8 15s; four to four and a-half year steers £9 to £9 15s; grown steers in forward condition, £lO to £ll.

BUTTER AND CHEESE FACTORS INFLUENCING MARKET Factors influencing the dairy produce market over the past month are reviewed in an interesting report submitted by A. H. Turnbull and Co., under ddte June 10; ‘Early in the month a steady improvement of prices took place,” states the report, “only to receive a check and actual decline about the middle of the month, but followed again by a more rapid advance, the market closing very firm at 172 s a cwt. for salted. Messrs. W. Wed del and Co., Ltd., cable that after the initial improvement early in May, Danish butter weakened very considerably, owing to the quality suffering with mixed feeding, and also with the increased production on the Continent and imports conseauentlv heavier to the United Kingdom'. With the improvement brought about by full grass feeding, Danish advanced smartly to 1725, and a firmer tone was immediately reflected upon the whole butter market. This, together with the decline in gradings in Australia, and shipments from New Zealand. has firmed up spot prices, and, despite the increase in New Zealand gradings of nearly 10 per cent, for May, indications are that with a normal market, prices are still more likely to advance than decline. This opinion is borne out by the recent forward buyers of stocks in New Zealand at Is sld a lb. nett f.0.b., equal to approximately 17Ss a cwt. c.i.f.

“Cables state that the long-awaited increased consumption has commenced with the warmer weather now prevailing in the United Kingdom, and markets have, in consequence, shown a steady improvement despite the heavv stocks, both in the United Kingdom and stored in New* Zealand. The spot stocks, we are informed, are firmly held and consequently a still further advance may be expected. Against this one must not lose sight of the fact that gradings for the past month increased by 14 per cent, over 51 ay of last year, and that 9,550 tons were stored in New Zealand on June 1 as against 4,300 tons last year.”