WARATAH MERINO STUD

Timaru Herald, Volume CXLIII, Issue 20669, 6 March 1937, Page 6

WARATAH MERINO STUD

DISPERSAL SALE Probably the most historic dispersal sale of a stud Merino flock which has ever occurred in New Zealand was held on Wednesday, at Waratah, Albury, when the famous Waratah Merino Stud, the property of the late Frank H. Smith, was sold by auction by Pyne, Gould, Guinness, Ltd., Timaru. and Wright, Stephenson and Co., in conjunction. The offering comprised 3600 sheep which were yarded in excellent order, and notwithstanding the bitterly cold day with heavy rain, the sale was followed keenly by a large crowd of buyers representing flockmasters from Invercargill to Blenheim. The highest price paid for a ram was for the 5-shear ram Waratah W3ll which was grand champion at Christchurch 1934, and which fell to the bid of Mr J. E. Hazlett at 150 guineas. The best price for ewes was for a twoshear sheep purchased by Mr R. K. Ireland at 31 guineas. The following is a list of the principal sales:— Stud Rams J. E. Hazlett: 1 at 150gns, 1 at lOOgns. W. W. Mcßae: 1 at 125gns. J. E. P. Cameron: 1 at llOgns, 1 at 17gns. Pawsey’s Est, Mt. Lance: 1 at 60gns, 1 at 20gns. Grampians Station: 1 at 22Jgns, 1 at 20gns, 1 at 15gns. R. B. Morrow: 1 at 32gns, 1 at 18gns. C. L. Mathias: 1 at 20gns. R. M. Hilie: 1 at 16gns, 1 at 13gns, 1 at lOgns. G. Reid: 1 at lOgns. W. S. and Co, as agents: 1 at 25gns. Bayfield Estate: 1 at 12gns, 1 at Bgns. J, W. Grant: 1 at 15gns, 1 at 12gns, 1 at lOgns. J. T. Preston: 1 at 16gns. Donald Burnett: 1 at 121gns. J. C- Guinness: 1 at lOgns. Colin Chisnail: 1 at lOgns. Stud Ewes R. K. Ireland: 18 ewes from 6 to 31 guineas. J. E. Hazlett: 34 ewes from 4 to 30 guineas. Stronach Morris, as agents for Jopp’s Estate: 40 eWes from 4 to 20 guineas. J. E. P. Cameron: 61 ewes from 4 ' to 7 guineas. J. T. Preston: 37 ewes froth 4 to 10 guineas. R. M. D. Johnson: 25 ewes at 45 guineas. J. C. Guinness: 3 ewes at 41 guineas. Colin Mclntosh: 12 ewes from 4 to 6 guineas. G. Reid; 26 ewes from 4 to 5J guineas. F. G. McKnight: 12 ewes from 4 J to 5 guirieas. DISPLENISHING SALE Dalgety and Company Ltd. in conjunction with the Canterbury Farmers’ Co-op. Assn., Ltd., held a very successful displenishing saie on account Mr H. B. S. Johnstone, “Springbank,” Otaio. Prices realised were:— Draught horses: Mares 6yrs, £54; 4yrs £52; 4yrs £4B/10/-; aged £36. Filly, 3yrs, £42; gelding 4yrs £46; 6 geldings aged, from £2O to £3l/10/-; yearling colt £29; aged mare with foal at foot £37, ditto £3l/10/-. Sheeji: 532 A/D k-bd ewes 25 1, 436 ditto 21/2 to 22/4, 506 2-tdoth X-bd wetiiers 22/- to 22.9, 90 fat ewes 21/-, 64 fat ewes 17/3. DAIRY PRODUCE United Press Association—By Electric Tel egrflfrh—Copyright (Received March 5, 5.5 p.m.) LONDON, March 4. The butter market is firm. Quotations:—Danish, 120/-; choicest salted Australian and New Zealand, 90/- to 91/-; Urisalted New Zealand, 94/-; Australian 92/-. The cheese market is firm; Quotations: New Zealand white and coloured, 55/-; Australian 53/- to 53/6.

HIGHER TOBACCO SALES The chairman of the British American Tobacco Company at the last annual meetirig in London said that the sales of the company’s goods during the year 1935-36 were greater than during thq year 1934-35, arid sales of the first three months of the current year were greater than the corresponding period last year. Owing to exchange difficulties, taxation, restrictions by way of duties and otherwise which Had been placed by many Governments on the importation of goods into foreign countries, the additional profits which might be expected did not always materialise. The chairman thought that so long as the company could go on increasing its trade throughout the world shareholders might expect to see this reflected in the profits and dividends. WOOLWORTH, LTD., LONDON A record net profit of £5,832,442 was earned by F. W. Woolworth and Co., London last year, against £5,298,404 for the previous year. After deducting preference dividend the profit is equal to 152 per cent on the old capital as it has been doubled by the recent capitalisation of reserves; The dividend for the year is 120 per cent on the paid capital, against 100 per cent in 1935. MINING NEWS By Telegraph—Pres? Association WELLINGTON, March 4. The Mataki Junction Gold Dredging return for the four weeks ended February 25 was 2390 z Idwt for 346 hours of work. MARTHA (WAIHI) MINE The following information has been cabled to London by the Martha Gold Mining Company (Waihi) Ltd:—For the period ending February 13 comprising 304 days, 25,635 tons of ore were crushed for a return of 6485 fine ounces qf gold and 39.527 fine ounces of silver. This includes 2647 tons mined from the Grand Junction area wlilcli yielded 691 ounces of gold arid 1966 biirices of silver.