ADDINGTON SALE

Timaru Herald, Volume CXLV, Issue 21184, 3 November 1938, Page 14

ADDINGTON SALE

Heavy Entries Medium Sheep Easier Bv Telegraph CHRISTCHURCH, November 2. Heavy entries were penned in all fat stock sections at to-day’s double market at Addington. In the cattle section the yarding totalled about seven hundred head, and produced the best quality offered for some time. At the start of the sale values were little changed cn last week’s good level, but there were signs of an easing as the sale drew on. The fat lamb yarding, of seven hundred head, was far too big’ and as a result prices came down for the best sorts to a limit of 9£d a pound, as compared with Hid last week. More than eight thousand fat sheep were offered, and here, too, the sale opened at slightly reduced rates. Spring Lambs The spring lamb yarding proved too big for requirements, and there was a sharp easing on last week’s rates. Values came back a full 2d per lb on the average, prime sorts making from 8-ld to 91d. Anything but the betterclass pens was neglected, and over the closing stages of the sale passings were frequent. There were some very choice pens forward, but these shared in the easing, which amounted to a good 2/6 to 3 6 a head. Best price was 30 1. The entry was about 700 head, compared with 250 last week. Store Sheep The store sheep yarding—totalling 3800 head—was somewhat larger than last weeks. The feature of the sale was again the good demand for wethers, of which a good selection was offered. A line of sixty-five well-grown Romney cross four and six-tooth wethers made to 21 11. and another pen made 21/9. Fine-woolled wethers of the same age sold at 16 3. Some choice ewe hoggets were penned, and these met with good competition, up to 28/1 being paid for a pen of 60. with a line of 150 selling at 27 7. The ewes and lambs offered were not. on the whole, a prepossessing lot, and values in this section showed little change, with an easing tendency for the poorer pens. The best ewes and lambs made to 15 1. with medium sorts from 10 - to 13 -. and rough from 6 3. A pen of young ewes, well woolled, made 21 3, with other young sorts at up to 13 -. and ewed down to 8 -. Fat Sheep The fat yarding totalled between : 8500 and 9000 head, and was the largest I for some time. Over the first two or ! three races, comparatively few quality pens were offered, and these sold at ! little change on last week’s rates. | Medium quality sheep, however, were ' easier by 1 - to 16 a head, and old i and inferior sorts were neglected. The sale, however, was a good one. Fat Cattle The entry in the fat cattle section comprised between 650 and 700 head, drawn from widely scattered points. Close on 300 came from the Peninsula, a number of truck lots from the West Coast, and lines from South Canterbury and local fattening districts. Quality did not suffer at the expense of quantity, the penning, as a whole, being the best for r. number of sales. The market opened briskly at values i very little below those of last week, and up till mid-day there was no sign of easing. Pens of Hereford-Shorthorn cross steers “in the early part of the sale made up to £22. and a pen of i heifers from the Peninsula up to ' £l5 26. The bulk of the Peninsula ! cattle was of outstanding quality, and i there were instances of cows making (up to £l6 odd and steers to £2l. There ' were no passings in the earlier part of the sale. COMPANY DIVIDENDS WILSON’S CEMENT By Telee.aoh-Press A-isociatlon AUCKLAND. November 3. The directors of Wilson's (N.Z.) Portland Cement, Ltd. have declared an interim dividend at the unchanged rate of 4id a share, which is equal Ito 74 per cent. Payment will be made on November 25. WESTPORT COAL CO., LTD. By Teiegrapn—Press Association DUNEDIN. November 2. The directors of the Westport Coal Company, Ltd. will recommend the I payment to all shareholders on November 2 of a final dividend for the year of 6d per share, payable on November 21. making altogether a distribution of 1/- per share for the year. DUNEDIN BREWERY CO. By Telegraph—Press Association DUNEDIN. November 2. At a meeting of directors of the Dunedin Brewery Company, Ltd., an interim dividend of 3 per cent, was recommended for the six months ended August 31, payable on December 1. FOREIGN EXCHANGES United Pres- By Electric TelP2 r, - <'*h vriebt LONDON. November 1. Foreign exchange quotations are: Dollar 4.75 5-16 to the pound; franc 1781 to the pound; guilder 782 to the pound. RUBBER United Press Association —Bv £l*cui« Telegraph—Copyright LONDON, November 1. Rubber stocks: London 59,856, Liverpool 33,656. (Continued on Page 12)