COMMERCIAL.

Southland Times, Issue 18825, 19 May 1920, Page 2

COMMERCIAL.

WALLACETOWN SALE. CATTLE MARKET IMPROVES. A big yarding of sheep was forward for the fortnightly sale at the Wallacctown sale yesterday, but the cattle yarding was not up to previous sales. FAT CATTLE.—There was an improved tone noticeable in the fat cattle market, well finished stock showing an advance of about £2 per head on the previous sale. Those offered under the hammer yesterday were mostly light, but a few pens were well finished. Five big bullocks sold by the New Zealand Loan Company, on behalf ot Mr R. W. Bradley, Mangapiri, topped the market, the best being knocked down at £24 10/-. Although big framed and beefy, he required finishing, and the same applied to the others that sold at 2 for £2l 15/-, and 2 for £l9 16/-. Prices for bullocks were as follow; Unfinished heavy-weights, £l9 15/- to £24 10/-; good-conditioned nicely finished light-weights, £l4 15/- to £ls 7/6; light and unfinished, £ll 10/- to £l3 12/6. There was a fair yarding of cow and heifer beef, but unless prime there was little demand for this class. Cows sold from £8 10/- to £l2 5/-; a prime cow bringing £l4 10/-; heifers were hard to quit and ranged from £8 7/6 to £lO 5/- for light-weights, a heavy-weight going to £ls 10/-. There was a few pens of vealers forward, and they sold at from £2 1/- to £3 17/6, according to size.

STORE CATTLE.—There was more life in the store cattle market, and more business was effected than at previous sales. The market, which experienced a slump recently, had apparently recovered slightly, bids coming more freely. Calves sold at from £2 5/- to £2 17/6; 2i-year-old steers, £5 17/6; 3-year-old steers, £ll 7/6; 4-year steers, £l3 15/-; boilers from £3 5/- for poor quality to £8 for good fresh stock. The yarding of dairy cows contained mostly poor quality stock and good cows and heifers sold well. The former ranged from £l2 10/- to £l4, and the latter £l3 5/- to £l6 10A. FAT SHEEP.—The sale opened bright, but fell for a time, recovering again when the last pens were being offered. Throughout the market was an improvement on the previous sale. The yarding contained fairly good quality, and whenever prime stock was offered competition was keen. Fat wethers sold as follow; Good heavyweights, 38/- to 40/G, lighter sorts 32/6 to 36/-, ewes, prime 40/- to 51/9, smaller sorts 30/9 to 35/8, light and unfinished 25/10 to 29/2. Fat lambs ranged from 22/- to 29/1. STORE SHEEP.—There was a fair entry of all classes, a few good pens of lambs and wethers being offered. The balance of the yarding was mostly ewes. Prices were on a par with those recently and a pen of good iambs sold by the National Mortgage and Agency Go. brought 23/7.

National Mortgage & Agency Co., Ltd. The National Mortgage and Agency Co., Ltd., report:— Fat Cattle—2 fat heifers £ls 10/-. 2 do. £ll 2/6, 2 do. £ll 5/-, 3 at £ll 5/-, 2 at £ll, 2 fat bullocks £l2 16/-, 2 do. £lO 17/6, 2 do. £l3 10/-, 4 fat heifers £8 7/6, 1 vealer £3 12/0.

Store Cattle.—3 steers £6, 4 at £5, 7 cows £5 3/-, dairy heifer £5 2/6, 2 do. £4 7/6, 2 do £6, 3 at £5, 8 at £3 14/-, I do. £7 10/-, 2 at £3 5/-, 1 at £4 10/-, dairy cows—l at £l4, 1 at £lO 12/6, 2 at £9 10/-, 1 at £l2, 1 at £l4, 1 at £l2 15/-, 1 at £l3, 1 at £lO 15/-, 1 do. £l2 17/0, 1 do. £l2 10/-, empty cows as follow—2 at £3 2/-, 1 at £5 5/-, 1 at £5 7/G, 2 at £4 6/-, 1 at £8 17/6, 2 at £5; bulls—l at £8 15/-, £6 10/-, £4, £5 15/-. 5 calves at 29/-, 1 steer £2 15/-. Store Sheep—27 cull lambs 10/-, 32 do. 12/-, 29 f. and f. ewes 13/-, 123 m.s. lambs 23/7, 20 2-tooth ewes and wethers at 18/-, 100 2-tooth wethers 31/-, 26 lambs 23/-, 1 ram 16/-. Fat Sheep—Account D. George, 18 wethers to Mrs Humphries at 34/6, 20 do. to A. Cundal 34/9, 17 wethers to J. 0. McKenzie 84/G; account P. Joyce, 16 wethers to P. Winders 40/6, 24 to J. C. McKenzie 40/5; account M. McCarthy, 60 wethers to Timpany Bros, at 40/6 ; account R. Cartwright to J. C. McKenzie 39/1; account McPherson & Son, 37 wethers to A. Bissett 38/-, 13 do. to W. Turpin 37/6; account D. Duff, 42 ewes to A. McKenzie 28/-; account J. Lilico, 8 wethers to W. Turpin 39/-, 23 v/ethers to VV. Turpin 3G/9, 14 ewes to J. L, Hannon 40/-, 10 ewes to W. Turpin 51/9 ; account R. Brown, 10 fat lambs to M. Minnie 22/-; account D. Duff, to J. L. Hannon 30/9; account P, Cusack, 18 lambs 27/3 to T. Preen. Wright, Stephenson & Co., Ltd. Wright, Stephenson and Co., Ltd., report sales as follow; Store Cattle.—Account R, Russell, 3 steers at £5 to J. Reilly, 7 do. at £6 14/- to J. Reilly; account R. Baird, 1 dairy cow £lO 5/- to A. Botherway, 1 do. £l2 to H. Buxton; account J. Hassell, 5 steers £3 11/- to W. J. Boyd, 3 heifers £3 7/0 to J. Kellehcr, 4 steers 33/- to J. Vickery, 4 heifers 34/- to M. McCarthy, 13 steers at £5 IS/- to J. Maloney; account D. Dickie, 1 dairy cow £9 10/- to D. King, 1 do. £ll to S. A. Bluikie, 2 do. £l2 to S. A. Blaikic; account P. A. Price, 2 steers £4 17/6, 1 heifer and calf £5 to A. Minnie, 10 calves 17/6 to J. Vickery, 1 dairy cow to A. Botherway £l2 10/-, 1 do. £l2 to S. A. Blaikio. Fat Cattle. —Account R. Russell, 2 fat cows £lO 5/- to P. Winders, 2 steers £l4 17/6 to Mrs Humphries; account T. J. Hughes. 1 fat cow £lO 5/- to P. Winders. Fat Sheep.—Account client, 10 wethers 40/- to A. Bissett; account L. Garden, GO ewes at 29/2 to R. and M. Timpany; account R. Brown, 31 wethers 34/- to T. C. Maltby; account D. to P. Winders; account P. A. Pries, 12 ewes 24/3 to Whittinarham and Co., 5 lambs at 28/6 to J. L. Hannon. Store Sheep.—Account Kilkelly Bros., 140 lambs 19/- to G. H. Clarke; account F. A. Price, 323 ewes and wethers 33/to T, Preen, and 3 lambs 0/3. Southland Farmers’ Co*-op. Southland Farmers’ Co.-op. report;— Fat Cattle —2 steers at £l2 7/6, 2 at £l4 15/-, 3 at £ll 10/-, 2 at £l3 12/6, 2 at £7 10/-, 2 at £l2, 2 at £l3 10/-, 2 at £ls, 1 at £ls 10/-, 1 at £l2 10/-. Fat cow at £ll 2/6, 1 at £l2, 1 at £l3. Store Cattle—2 springing heifers at £lO, 1 do. at £O, 1 at £lO 10/-, 1 at £ll, 3 at £8 12/6, 1 bull at £B, 1 do. £lO, Dalgety and Co, Ltd. Messrs Dalgety and Co., Ltd., report having yarded and sold the following stock: — FAT CATTLE: Acount W. J. Irving, Lornc, 18 bullocks at £l2: account Hender--1 do at £l3 5/-; account R, Russell, Lome, 2 bullocks ut £l2; account Henderson Bros., Kensington, 1 cow ut £8 10/-; account G. Clarke, Taramoa, 3 bullocks at £l6, STORE CATTLE: Account R. Russell, Lome, 13 bulocks at £l2; account Henderson Bros, Kennington, 5 empty cows at £7 10/-; account J. McKay, Tussock Creek, 4 empty cows at £4; account R. G, Nicholson, Kapuku, 1 cow at £7; account J. Duthies, Wainanawa, 4 calves at £2; account do, 8 yearlings at £3 18/-, FAT SHEEP: Account Henderson Bros, Kennington, 00 ewes at 84/-; account R. Brown, Pahia, 30 wothorg at 33/7; account A, Baird, Inveicargill, 32 wethers at 32/0; account A. Baird, Avenol, 12 wethers at 03/-, STORE SHEEP: Account A. A. Henderson, West Plains, 17 m.s. lambs at 12/-; account do, 44 b.m. ewes at 10/-; account J. Dawson, Lochiel, 35 lambs at 15/- ; account do, 65 f.m. .ewes at 14/-; account do, 11 b.m. ewes at 10/-,

PROPERTY SALE AT WINTON

Messrs Wright, Stephenson and Co., Ltd., report having held a very satisfactory sale of sections and house property on account of the PubHc Trustee as executor in the estate of the late James Wilson, at Winton on Saturday evening, May 15. Following are the sales; — Lot 1, containing 1 acre 3 roods 39 poles, to J. D. Campbell, Winton, £225. Lot 2, containing 1 acre 3 roods 39 poles, to J. D. Campbell, Winton, £175. Lot 3, containing 1 acre 3 roods 39 poles, to J. D. Campbell, Winton, £l6O. Lot 4, containing 1 acre 3 roods 39 poles, to J. D. Campbell, Winton (together with improvements thereon), £9OO. Lot 5, containing 9 acres 1 rood 20 poles, to Charles Wilson, Winton, £515 12s 6d.

WRIGHT, STEPHENSON & CO

CAPITAL INCREASED TO £1,025,000.

The fourteenth annual meeting of the shareholders of Wright, Stephenson and Co. was held at their office, High street, Dunedin, on Monday, and was largely attended. Mr W. D. Hunt, the chairman of directors, presided. The profit and loss account, including £34,533 16/2 brought forward from last year, showed a credit balance of £96,646 15/4. A dividend of 7 per cent, and , a special bonus of 2 per cent, on the ordinary shares was declared, the fixed payments to the preference and founder shareholders being adopted as usual. After making these payments there remains the sum of £53,465 0/6 to be carried forward to this year’s acounts. Messrs W. D. Hunt, M. C. Featherstone (London), and David Allan, retiring directors, were re-elected, and the appointment during the year of Mr R S. Abraham, of Messrs Abraham and Williams (Ltd.), Palmtrston North, as a director of the company was duly confirmed. Messrs Barr, Leary and Co. (auditors) were reappointed to that position. Subsequent to the above meeting an extraordinary general meeting of the company was held, at which resolutions were passed enabling the company to carry out the following arrangements;—(a) To complete an agreement entered into with the holders of the founders’ shares of the company, under which the special rights attached to these founders’ shares are to be cancelled, (b) To divide each of the £5 shares of which the capital of the company now consists into five £1 shares. (c) To increase the capital of the company from £525,000 to £1,025,000 by the issue of 250,000 preference shares and 250,000 ordinary shares, all of £1 each.

SOUTH ISLAND DAIRY ASSOCIATION. ANNUAL REPORT. The following are the main clauses in the annual report of the South Island Dairy Association: — The membership roll now stands at 112. The application for registration of new factories in the South Island is as follows; — Butter factories—Canterbury 1, Otago 2; cheese factories —Canterbury 2, Otago 1. Profit and Loss Account— Financially the year has been successfuL The profit and loss account shows £2217 3/9 on the year's workings. The turnover for supplies for the use of factories was £49,033 8/2, the sale of produce was £17,301 15/-, making the total turnover £60,335 3/2. This indicates an Increase of £OIOB 4/- on last year’s figures. This must be regarded as satisfactory, and goes to prove that the business done by th« association is steadily developing. The orders received for indents for this year show aermous increases. Arrangements arc being Voade with the London and American buyers to have the goods shipped to the nearest port most convenient to the factories. Summary of Cheese Factory Outputs.—• Cheese; Factory outputs —Season 1919-20; Bluff, 80,371 crates; Dunedin, 24,309; Lyttelton, 21,858. Season 1918-19: Bluff, 70,089 crates; Dunedin, 29,74.4; Lyttelton, 21,435; —increase for season 1919-20; Bluff, 4282 ; Dunedin, 4535; Lyttelton, 428. Butter: The figures as given below compared with last season’s figures indicate a shipping shortage of butter as follows: —Canterbury, 13,621 boxes; Otago and Southland, 14,314 boxestotal, 27,935 boxes. Directors: —The retiring directors are: Mr W. .1. Bolt (Dunedin) and Mr J. R. Thacker (O’Kain’s Bay, Canterbury'). Mr J. RThacker is eligible for re-election, but Mr W. J. Bolt has notified us that he does not intend to seek re-election. Mr W. J. 801 l has served on the directorate of the association since it was first founded. He has proved himself a capable administrator, energetic in defending the interests of those engaged in the industry, and keen in promoting th,s welfare of the association. It was with regret that his co-directors received his resignation. Business Placed With Association.—Goods purchased. £49,033 8/2 ; produce sold on local market, £17,501 15/-. list of Factory Shipments, Season Ending April 30; 1920.—Butter; Dunedin —• Aparima, 8 b-oxes; Clutha, 908; Edendale, 49; Gknhara, 14; Gore, 420; Pukerau, 8; Sil verslream, 250 ; Thorubury, 2 ; 3 aieri and Peninsula, 3949; Waitaki, 412; Waim ate, 1472; —total number shipped from Dunedin. 7492 boxes. Lyttelton—Avon, 1172 ; Ashburton, 2000; Akaroa, 769; Canterbury Central, 11,895; Cbmdeboyc, 46; Caroline Dairy Co., 1247; Christchurch Co.-op., 498; Canterbury Dairy Co., 1729; Canterbury Alpine, 2034; Geraldine, 268; Kofcotahi (W. Coast i’, 224; Murrav, A, J.. 212; O’Kain’a Bay, 65 ; Soften, 3039 ; Tai Tapu, —; Temu’ka Co.-op., 1268; —total number shipped from Lyttelton, 27,066 boxes. Cheese: Dunedin—Clutha, 161 crates; Fairfield, 642; Goodwood, 2058; Henley, 2630; Kelso, 492; Kaitangata, 677 ; Maungatua, 627 ; Milton, 760; Momona, 4227; Merton, 913; Mosgiel, 1745; Omimi, 1840; Parctoi, 1302; Railhead, 403; Ratanui. 713; Stirling, 3011; Silverstream, 943; Taieri and Peninsula, 10,287; Tarara, 503; Waikouaiti, 1610; Wr.iruna, 344 ;—total numlvr shipped from Dunedin, 35.948 crates. Total number in store, Dunedin, April 30, 16,350 crates. Lyttelton—Ashburton, 1153; Barry’s Bay, 2CS2; Clandeboye, 3920; Cam, 1889; Essydale, 344 ; Geraldine, 1249; Little Akidoa, 1493; Le Don’s Buy, 593; O'Kuin’s Bay, 3253; Orari, 126; Pigeon Bay, 1107 ; Stuveloy, 2718; Tp.karnatuo, 1335; Tomuka, 4313; Waintii, 661 ; Witiwcra, 2064; W. H. Jr.kins, 358; total number shipped from Lyttelton, 28,658. Total number in store Lyttelton, April 30, 6700 crates. Bluff-—Aparima, 2868 crates; Awarua, 2189; Boggy Burn, 879; Browns, 834; Birchwood, 1010; Balfour, 3SO; Brydone, 3229; Drummond, 1188; Edendale, 7114; Frcshford, 795; Fairfax, 70S; Glenham, 1331; Gora, 934; Gorge Road, 1016; Grove Bush, 064; Ilekeia, 4X4; Hedgahopc, 5D6 ; Island, 3637; Kennington, 2001; Lochkl, 1362; Lake County, 550; Mabel, 812; Mat-aura, 5950; Morton Mains, 945; Merrivale, 997; Mokotua, 823; Menziea Ferry, 4108; CHura, 1395; Otoramika, 974; Otautau, 1863; Oware, 821; Otamita, 1048; Orepuki, 1089; Pine Bush, 1676; Pukerau, 12S8; Pahia, 874: Ryal Bush, 1618; Rimu, 1723; Seaward Downs, 3700 ; Switzers, 545; Tiebury, 1463 ; Te Tua, 20G; Thornbury, 2410; Toi Tola, 1174; Tokonui, 291; Tuturau, 1280; Tuatapere, 906; Tanna Hill, 607 ; Tapanul, 928; Waianiwn, 1408; Wyndham, 3933; Waikawa Valley, 315; Woodlands, 3643; Whiterig, 1305; Walk aka, 7-18; Wood end, 1001; IVright’s Bush, 1033;- —total number in store Bluff, April 30, 40,007 crates. Total number shipped from Bluff, 89,964 crates.

CANTERBURY MARKETS,

(Per United Press Association.)

CHRISTCHURCH, May 18, The oat market continues fimi, although there is no quotable change in prices, Dp to 5s Hd f.o.b.s.i, is freely offered for A, grade Cartons equal to 5a 2d, at country stations. Unfortunately the shipping dis, abilities are having an unsettled effect on operations with the North Island, Chaff is very firm, but the same diaahilities affect operations. Potatoes are very dull, and the outlook is not too bright if the Australian import prohibition is continued for any length o( time. It is feared that the Commonwealth action is due solely to the export last December of potatoes ©f inferior quality which were damaged but not diseased. Merchants are holding stocks that they desire to get rid of before operating further at the pra-

sent rates. Reports geenrally are that the yields are exceptionally good throughout the province, and the tubers are remarkably free of disease. LONDON METAL MARKET. (By Telegraph.—Press Assn.—Copyright.) (Australian and N.Z. Cable Association.) j LONDON, May 17. ; (Received May 18, 9.10 p.m.) Copper on spot, £99 7s 6d; forkard, £lO2 2/6. Electrolytic on spot, £112; forward, £ll4. Lead on spot, £4O 5/-; forward £4l 15/-. Spelter on spot £45 15/-; forward £47 10/-. Tin on spot £296; forward £3OO 5/-. Silver per ounce. ! THE WOOL INDUSTRY. j NEW ZEALAND EXPORTS. | Statistics are now available for New Zealand wool exports up to the end of March last, and the following comparison of twelve-monthly periods ending March 31 is possible:— , Value of Exports. 1 £■ : 1914-15 9,585,554 I 1916-16 6,858,049 j 1916- 15,485,961 ! 1917- 11,013,341 i 1918- 10,047,295 i 1919- 17,318,799 j Figures are not available for the quan- 1 titles exported over the whole period of the war, as in twelve months ended March 31, but the following table showing the quan- ! titles exported in calendar years is a help- , ful guide:— ! Quantity, lbs. j 1914 220,472,898 1915 i 196.570,114 1916 185,506,859 ! 1917 178,274,486 1918 108.724.575 1919 274,246,613 The marked disparity between the quantities exported in 1919 and those in earlier years are more safely to be attributed to shipping exigencies than to any marked changes in the rate of production. There has, of course, been a marked rise in values, the average value for the calendar year 1914 being 10.14 d per lb, while for the twelve months ended March 31, 1920, the averaga value was 17.5 d per lb, an increase of 72.6 i per cent.