NEW FREEZING WORKS

Dominion, Volume 8, Issue 2336, 18 December 1914, Page 8

NEW FREEZING WORKS

BIG AUCKLAND SCHEMES. ,■ (Br Talecroph.—Press Association.) Auckland, December 17. • Plans for the establishment of two new freezing works in the Auckland district were announced yesterday afternoon. Tho directors ot the Auckland Farmers' Freezing Company have decided to proceed with the erection of works at Horotiu, four miles south of Ngaruawahia, in the Waikato, and Messrs. Vestcy Bros., owners of many works in Australia, have undertaken tho establishment of works in the neighbourhood of Auckland, and the oxtension of the Whangarei works. The two main projects involve an expenditure of £50,000 each, and tho additions at TVhangarei will cost £25,000 to complete, a total of £125,000. Each of these new works will have a. capacity of 3000 islieep per day, while "Whangarei is being inereased to that capacity, and the new plant which has just been installed at the Auckland .Freezing Company's "Westfield works, near the city, brings them also up to that capacity. Machinery for Veatey Bros.' works jis now on the -water, and an endeavour is being made to commence operations next July, but the "Waikato works may not be open until nest December.

We have- a treat demand for moTe butter, and must therefore appeal to the farmers for further support of more cream. By supplying us you will have a perfeotly free hand to come or go as you please, because we can only hope to mcieaso our business by results. We claim we can show you the very best results, so if you desire a change, rail your cream to St. John's Station, c.o. .Wanganui Fresh Food and Ice Coy.—Advt.

Study yonr comfort and convenience this Snmmer by fittine up your Bathroom in the best manner. In this reepect let A. J. Parton bo your Riude. Perfect plumbing and up-to-date equipment at economy prices aro assured you. Write for particulars now, I'll send them by return A J, Parton, Plumber. Carterton. -Advt. , '__ LIVE STOCK SALES, The New Zealand Loan and Mercantile Agency Company, Ltd., report:—At Apiti on Tuesday we Kad- a good entry of eheep an-tt cattle, and hare to report a total'clearance at satisfactory prices. Quotations:— Sheep: Inferior hoggets, 12s. to 155.; woolly hoggets, lto. 7d.; fat owes, 18s. 6d.; ewes and lambs, 245. 3d. Cattle: 18-months heifcre, £3 2e. 6d. to £3 55.; 15-inonths stoers, £3 lls.; aged cows, £3; store covs. £4 35.; forward cows, £4 Uβ. to £5 Jβ. 6d.j lleht fat cowe, £6 to £6 2s. 6d.; 2i-year steers, £4 15s. to £5 155.; Jersey" 15-monthe leifere, £4 25.; bulls,.£3 10s. to £4 Vs. 6d.

The Now Zealand Loan and Mercantilo Agency Company, Limited, report:—"Wβ held our second e&le of (tUo season in our Pahautanui yarde on Tuesday aud offered a large yaiding, comprising 1700 sheep and 100 head of cattle, which, considering the dryness of the season, came forward In good condition and met with keen competition from buyers representing the Wairarapa. and Manawatu districts. We sold on account of Mr. Charles Gray 320 2-tooth wothere, 15s. 6d.; 170 4-tooth. β-t 18s. 6d.; Messrs. W. and J. Hamilton, 250 2-tooth wethers, mixed, at 14s. 6d.; Mr. W. Galloway, 2-tooth wethers; 15s: 3d.; 4-tooth wethere, 20s. 5d.; account, Mr. D. Gardner, 4tooth wethers, IDs. . Bd.; account Mr. W. Harris', 4-tooth wethers,. mixed, 18s. Other linos, small 4-tooth wethers, 17s. to l£s.; 2year to 2i eteers, £5; 2-year heifers, empty, £4 55.; 15-montha Jersey heifers, £2 12s.

COMMERCIAL ITEMS . INVESTMENT SHAKES. The business done in tho investment market yesterday consisted of sales of Wellington. Gas (£10) at £16 2s. 6(1.; Union Steam, preference, cum dividend at 20s. 6d., and Leyland-O'Brien at 21s. The quotations were as under:— Buyers. Sellers. £ e.d. £ e.d Union Bant ~— ... ,-53 0 0.. Ohristohurch Qag (£5) ... -7 5 .0 . , - South British ; 4 5 0 — Standard Insurance 1 14 3 — Meat Export [£'i 12e. 6d.) 2 l<l 0 - Union Stoam (ord.) — 12 0 Westport :... 15 9 110 6 Weetport-Stockton — 0 4 9 1 Tarineamutu '■ — 2 3 II Manning "and 00. 42 0 > — Ward and Oo 6 2 6 — Crown Browery 115 3 . — Customs duty colec'ted at the port of Wellington, yesterday amount* dto £1891 14s, 4d. CANTERBURY FROZEN MEAT COT. (By TeleEroDh.—Press Association.) Chrlstahurch,' December 17. Tho annual meeting of tho Canterbury Frozen Meat Company was held this afternoon, Sir Geo. Clifford, chairman of directors, presiding. The annual report stated that the net profit for the year was £28,226 85.,. which with the amount brought forward from-last'year, made tho amount at credit of profit and lose account £30,294 .Os. 3d., out of that £SCCO. had been added to the general Teserve fund, which ,witb. premium on shares allotted, increased it to £55,028 10s.; £5000 had also been added to the insurance reserve fund, bringing the same up to £25,000, and the sum of £500 had been written off works. After apportioning these amounts and deducting tho interim dividend paid at the half year thore remained a sum of £8694 IBs. 3d., ■which the directors proposed should be dealt with as follows:—Payment of a further dividend of 3 per cent, on preference, and 4 per cent, on ordinary shares, making a total dividend for the year of 6 per cent, and 8 per cent, respectively, £6604 165.; to carry forward £2090 Zs. 3d. Total, £8694 18s. 3d., The quantities of stock dealt with at the company's works'were: At Belfast, 414,104; at Fairfleld, 373,622; at Parcroa, 265,203. Total, 1,072,929. FROZEN MEAT MAEEET. Messrs. Gilbert, Anderson and Co. (Messrs. Mellsop, Eliott and Co., loca lagents), writing on the frozen meat market, report as follows under date London, November t:— Supplies of home-grown and Continental still so plentiful ae to interfere with the oale of frozen at these high prices. Irish beef Belling at prices only a little above chilled.— Home-grown—Beef sides; Scotch, 7d. to 7Jd.; English, 6Jd. to 6Jd.; Irish, 6d. to 6id. 'Mutton: Scotch, 73d. to 85a.; EngHah. 7Jd. to 73d.; Dutch. 6Jd. to 7id. ; ewes, 53d. to 6Jd Tegs: Scotch, Bd. to Bid.; English. 7Jd. to BSd.; Dutch, 6!d- to 73d. Scotch Hill lambs, 6£d. to Bd. Pork, 6d. to 7d. Veal. 71d. to Bd. Secondary. 4*ti. to 7ld. Frozen mutton: New Zealand sheep aro rather firmer in tone meantime owing to ehort stocks, but every rise makes tho eale more diißcult. Canterbury sheep, 45-56 6d., 56-64 513-16 d., 64-72 53d.; Sonthlnnd, 66-64 6Jd.j ordinary Now Zealand, 56-64, 53d.; best, 51d.: ewes. 48-64, 5Jd.; Australian wethers, W-60, 53-Bd.; secondary, 35-55, 53-Bd.; ewes, 30-50, 51d.: South American wethers, 40-55, 5 5-Bd., 56-72 53-Bd.. Frozen lamb: The new season's Australians do. not command tho ueual attention on account of the general poor demand. Old New Zealands are not coins out very fast., Canterbury, under. 36, 63d.; 36-42, 65-Bd.; 42.50. 63-3 d. Ordinary, 2M2,. 63-Bd. Australian hest, 28-42, 69-16 d.; fair, 6 7-163. Argentine, 28-36, 63-83.; 36-42, sgd. Beef: Owing to irregular suprties of chilled, buyers *iave gone on to Irish end will continue to do so while it lasts. Coneeoucntly chilled beef, although arriving in limited quantities dore not sell wcl. Chilled Argentine force, 63-Bd.; hinds, well. Ohilled Argentine fores. 53-Bd.; hinds, 53d: Frozen New Zealand- fores. 5 5-Bd.; hinds, 63-16 d.; Australian crops, 53d.; hinds, 61-Bd.; Argentino fores, 5 5-Bd.; hinde, 63-16 d. LONDON WOOL SALES. CLOSING RATES. By Teleerajili—Pree3 Aiaodation—Ojpyright London, December 16. The wool sales have closed. IThere was good competition for all croe6brede at the highest rates of the series, finer sorts making exceptionally fine figures. Good Bhafty combing merinos -were at 10 per cent, below November rates, and ehort inferior caTbonistag sorts generally 20 per cent, below. Lambe and crossbrods were scaTce and made famine • prices. Jlerinos were plentiful and maintained November closing values. Clip.prices:—"Yanks," high-' cet price 13(d., average 103 d.; "Bundy," Isjd. and 12jd.; "Llanillo," lOjd. aud IOd.;

"Araoa," IOJd- and 9d.; "Mutooroo," 9Jd. end Bid.; "Beltana," 9d. and 87-Bd.; "Uundlmundi,,, 9Jd. and 81-Bd. The Loan and Mercantilo Company Jβ in receipt of tht following cablegram from its London office:—"The wool i-alee have oloeed. As compared with Novomber, prices are lower—good mci'ino 10 per cent., medium 15 to 20 per cent., inferior do. 25 per cent.: lambs' and greasy crossbred par to 5 per cent. Scouroo. slipe, and lambs' arc about the same. Tallow has advanced 6d. on the average." .Messrs. W. and Q. Turnbull and Co.. Ltd., report having received the following cable mese.ige from London under dato December 16:—"Orossbreds are ern-ier, buyers expecting lower prices; mertoon very depressed, ond lower' prices expected." The Jlank of New Zealand has received the following cable advice, dated Dccemher 16, from its- London ofilce:—"The sales close firm for crossbred wool, but for merino the market is woaker." Messrs. Murray, Roberta and Co., Ltd., have received the following cablegram from their London friends, Messrs. Sanderson, Murray and Co.. dated December 16:—"Sales have closed. Market weak and 5 per cent, lower; 20,000 bales held over." The Department of Agriculture, Industries and Commerce hoe received the following cablegram from the High Commissioner, In regax dto the oloeo of the colonial wool Bales:—"Tho wool Ealee have closed etrong for crossbreds, but irregular for merinos. Hardly any New Zealnnd greasy crosebreda have been offered, and there is absolutely nothing to indicate thei actual value. Estimated values are:—Fine oroisbreds, all grades, Is. 2d. to Is. 4d. per lb.; medium crosebrede, all grades, Iβ. Id. to Iβ. 3d.; coarse crosebrods, el grade*, Is, to Is. 3d.; superior merinos, 10d. to Is.; medium merinos, 9d. to 10a.; inferior merinos, 7d. to BS." METAL MARKETS. London, December 16. Copper.—On the spot, £57 15s. to £58; three months, £58 to £58 10s.; electrolvtic, £61 15s. and £62 ss. • Tin—On tho spot, £149 ss. to £149 153 : three monthe, £148 ss. to £148 15s. Lcod.-£l9 2s. 6d. Speltor.-£2B to £28 15s. Bar silver is quoted at 2215-16 d. per ounce standard. WEEAT. * . London, December 16. Tho wheat market ie firm. Sellers are asking more. LINSEED OIL AND TURPS. Linseed oil, £22. i Turpentine, 345. 6d. . TALLOW SALES. • •- - ! (Rec. December 17, p.m.)

London, December 17. C At the tallow sales 770 casks were offered C and 570 were sold. Mutton, fine, 38e.; me- I <lium, 325. 6d.; beef, fine, 385.; medium, s ■31s. 6d. ■ ... I AUSTRALIAN PRODUCE MARKETS. ' (Rec. December 17, 10.55 p.m.) c Sydney, December 17. . Oats, Algerian feed, 3s. 7d.; milling, 3s. ' Bd.; Ta6maniau, 4s. 2d. Barley, English, , 4s. 6d.; Cape feed, 4s. Maize, 4s. 6d. Po- ' tatoos, £8 to £9. Onions, local, £9 to £10 j Victorian, £13. Butter, selected. IOEs.; 6cc- ' ondary, 98s. to 102 a. 'Cheese, 53d. to , 6d. Bacon, 9d. ' m Adelaide, Decomber 17. , Wheat, 6s. 3d. Flour, £12 15s. to £13. ! ■Bran, £11. Pollard, £11 10s. . l MELBOURNE HIDE SALE. J (Reo. December 17, 10.55 p.m.) f Melbourne, December 17. j At the hide sale there were fair' eUpplies , with eotive competition and ■ prices were ■ one-eighth of a. penny to a farthing dearer. J MINING NEWS j

WELLINGTON SHARE MARKET. 1 There ware no transactions in mining ] shares yesterday. The quotations . were Oβ : follow:— ] Buyors. Sellers. ] £ s.d. £ fi.d. Ifontezumft. 0 19 6 — j Talisman • 16 3 16 9 Waiai .- llβ 6 ( Grand"Junction — 13 6 Waitengi 00 6 — ; STOCK EXCHANGE.. IBy Teleirraph.-Pro'ss Association.) Dunedin, December 17. The following sale was reported on the Stock Exchange to-day:— Waihi, £1 18s. 3d.