ADDINGTON

Timaru Herald, Volume CXLIII, Issue 20894, 25 November 1937, Page 14

ADDINGTON

SMALLER ENTRIES VALUES IMPROVE By Telegraph—Press Association CHRISTCHURCH. November 24. Small entires of fat stock at to-day's Addington market met with an improved sale, particularly fat sheep and to a lesser extent fat cattle. Eat Lambs The freezing works commenced operatinL this week and export buyers were in the market. Prices, however, were in advance of their rates, making from 9_ld to 93d. Store Sheep There was a much freer sale with a slight advantage in prices for ewes

Vealers sold at slightly lower rates and store cattle eased on last week’s improved market. Fat Pigs There was a heavy entry and with the export price easing slightly there was a weaker sale for porkers, whicn were down by 2/- to 3/- a head. Baconers were slightly easier. Values

STUDHOLME SALE NO DEMAND FOR STORES At the Studholine sale held yesterday there was a good yarding of fat sheep. Owing to the lack of feed due to the dry spell there was no activity in the store sheep sections. There was a fair yarding of fat cattle of butchers’ quality. Following is the range of

ANTWERP WHEAT FUTURES United Press Association—By Electric Tel eg r a pb —Copyright LONDON. November 23. Antwerp Futures are easy; December 23'd, March 23£d, May 23id. N.Z. MALAY RUBBER COY. A net profit of £3574/1/8, compared with £1535 for the preceding year, is announced by the New Zealand Malay Rubber Company Ltd., whose head office is in Oamaru. Gross revenue from sales was £8849 4/2, while the exchange and interest yielded £lOO4/11/6, a total of £9853/15/8. Estate expenses and depreciation were £483/10/8. Oamaru expenses were £242/14/4, income tax provision is £l2OO, making a total of £6279 14 -. The directors recommend a dividend of 8 per cent on all shares, 3 per cent of which has already been paid as an interim divi-

dend. Tliis will absorb £2543/4/-. It is proposed to place £lOOO to reserve, and to carry the balance, £3O/17/8, to next year’s accounts. At the request of the directors, the chairman. Mr R. Milligan, visited the company’s properties in the East and he will give shareholders the result of his observations at the annual meeting. E.S. AND A. BANK The English, Scottish and Australian Bank report a net profit of £276,137 for the year ended June 30. compared with £257.460 for the previous year and £243.579 for 1934-35. An interim dividend of 3i per cent has been paid and a final dividend at the same rate is recommended, making 7 per cent for the year, compared with 5 per cent for the previous year. The year’s dividend requires £171,937 and the following appropriations have been made:— £15.000 to the reserve fund, making it £3.280.000; £lO.OOO to the staff provident fund; £50.000 to contingencies reserve, and £30.000 to bank premises. Against £306.787 brought forward, £305.977 is carried forward. Gross profit increased by £78.767 and expenses and taxation by £60,100.

and lambs. Values were:— £ s. .1 £ s. d. Two-tooths up .. to 1 5 0 Wethers 0 17 0 to 0 19 0 Fat Sheep A small penning of 3750 head as against 6600 last week met with a complete recovery in wether values of !/- a head and of ewes about 2/6. Values were:— £ s d. £ s. d. Wethers— Best 1 14 Good 1 8 0 to 1 12 0 Ordinary .. .. 1 3 0 to 1 6 0 Ewes— Best 1 10 o Good 1 4 0 to 1 7 Average 0 18 0 to 1 1 3 Light, down .. to 0 16 0 Fat Cattle About 500 were penned and tor a small showing of good cattle last week’s drop of 20 a head was ecovered. Medium sorts showed a little improvement but old cows were a shade weaker. Best young beef in a few instanbles were to 40/- per 1001b. good 36/- to 38/-, and rough down ro 26/-. Values were:— £ s. d. £ s. d. Best steers .. .. to 17 17 3 Others 14 10 0 to 16 10 0 Inferior, down .. to 10 0 c

were:— £ S. d. £ s d. Porkers .. 1 12 6 to 2 15 6 < Average price per lb. 61d to 7}d> Baconers . . 3 9 6 to 4 4 6 (Average price per lb 61d to 7d>

prices:— Fat Sheep Wethers (shorn) .. .. 26/1 to 26 10 Ewes in the wool (heavy) to 30/6 Ewes in the wool (light) 15 10 to 18/4 Ewes, shorn < heavy) .. 20/1 to 25/10 Ewes, shorn (light) .. .. 13/1 to 16/10 Fat Cattle £ s. d. £ s. d. Cows 5 2 6 to 8 2 6 Heifers (light) .... 5 2 6 to 5 12 6 Store Cattle 15 to 18 months old heifers 2 0 0 to 3 2 6 Cow and calf .. .. 5 15 0 Dairy cows (inferior) 1 10 0 to 2 10 0