FARMING & COMMERCIAL

Dominion, Volume 7, Issue 2110, 30 March 1914, Page 8

FARMING & COMMERCIAL

! THE GRAZING INDUSTRY

["■■: • ■ . ' —— ——. K' RIVAL CLAIMS OP DAIRYINGi The annual meeting of tho -Waikato ['.".Graziers' Association was held, at Hamf ilton on, Thursday last. The chairman !' (Mr. Morgan), in a review of the past I year; said the continuance of low prices for meat, while butter-fat was constant- ;' ly rising in .value,- could have but ono 1 result. Hundreds of thousands of acres |, iv'hich had'been chiefly devoted to grazj .ing Snd fattening. stock were being i> turned into dairy farms. Tho slaughtering of new-born calves by dairymen, ' Tvho found pigs nioro profitable, created i. artificially a scarcity, of store steers. ' Tho higher return for fat stock had been ; largely discounted to fattcnors by the high prices of store animals. There was a difficulty in getting even fairly. :' well-bred cattle, -whereas twenty years '■' ago the Waikato, in this respect, was. "'Second to none in the Southern Hemisphere. Dairymen had ■ "mongrelised" !■ their herds." Mr. Morgan said 1 that t graziers had in the past conducted their I'.'business in a loose etyle. They must ;. "srieed up" their, fattening business. !■ Two-thirds'of the meat in tho Smithfield \i (London) market was imported. In. cont elusion, the chairman 'referred to the ;.. .unsatisfactory, train' servic6"tothe Auckland freezing works. 1, '.■"'•■ . FRUIT - SHIPMENT AT 'FRISCO : PEACHES CONDEMNED: INFECTED. ": .By Telegraphs-Press Association—Copyright ■.'•"':■'■■•■ (Rec: March-29,"5:5-p.m.) [;:. Y ■ y ; •■■ San ■ Francisco, March' 2S. j, ■'.-.-' A large shipment of fresh fruit from [ v New iJealaud;'. the.firsi of the kind ever i?received,,has arrived. ,The shipment received included 600 cases of pears and f peaches. ■ fi; The State 'Horticultural ■ Commission [Condemned, the peaches because they, I! were found to .be infected with an un-' (known moth;', ;■.••.■.■.• -- , ji! ; AN. APPLE ORCHARD. A. DAT.,.' [-.■•'.■ Something ,by way of being a-.-eelfing-record is established by Messrs., J. T. 'Horn, Ltd., of Panama Street. • This Jinn opened'.up tho Ala'hana Apple Area at lloutere, Nelson, on March 3rd' last; Since then." the firm reports genuine sales .-'.to,-good planters , of ■22 apple Mocks at ■prices from- £15. to ',£32 10s. per the areas averagius*' about 17 acres. This i 3 at-the rate of one block a day. The firm •declines any great credit for this wonderful performance, explaining that it is not.so much their, selling capacities as tho fact that Mahana is good apple land iat' a : reasonable price, , ami above all their management'of orchards for absentees.is : above. suspicion for capability and : lion-, esty. To the doubting,' if such, there be, .the names' of any planter : will. be supfplietl. • The list includes some- leading New. Zealand horticulturalists. , The world exacts, from .you-its toll- of worry-ami work—there's no need for you , toadd to it. Make things as easy as you can—"Victor" .Vats lighten labour and help increase the quality, of the cheese. ;"Victor" Vats-have that eloping bottom which caused- such o. sensation, in the cheese-making world. Every factory should have "Victor" Vats, they are built for efficiency and satisfaction. Write for particulars. Albert J. Parton, Plumber, .Carterton.—Advt. . . -j A C LIVE STOCK SALES, Messrs. Abraham end. ,AYilUams', Ltd., report ontheir Feilding-sale-held on Friday:—Wo held a fair yarding of both sheep end cattle. -. All stock met with a good demand, and'practically everything was sold under tho hammer. We quote:—Kape lambs, 10s. IC*, to 12s. 3d/; small lambs, 6s. ,6d.; four aad five-year ewes, 11?. " Cattle:. Weaner,steers, 225. 6d.; weaner heifers, £1 25..-6d./mixed Wcaners, J3l 55.; eighteen'month leifers in. calf, £2 ICe. to £3; yewr- ; line' steers, £1 10s. to £1,153.; two and a tnalf-y«ir steers, £6 75.; twelve-month year[ling Jersey liefferei'£2 63.; fat cows,i£s 10g., £5 145., to £5.193.;" bulls,."£3:lss: to'£s ICe.The Sew /Zealand Loan and Mercantile fAgoncy C 0.,. Ltd.", "report:—At Feilding, on Friday we had . a . good.-yarding. of-J)oth sheep and cattle.and have -to report a.very cood clearance at late rates.- Quotatione:— Sheep: Cull ewos,-4sV;i good lambs, 9s. lid. tolOs. 6d.; store ew'es, 10s. 7d.; mixed-age ewes,' 123. 7d. to 145.!.-Southdown. ;ram,.,£s. Caitlo: Weaner lieifcre, '395."; heifere, 'r.w.b.," £3 12s. 6d.;'springing >oows,'£s la'.-6dvt store cowe,. £4 Is.;.forward.bullocks, £8 135..' The New..Zealand 'Loan, v and Mercantile fAgency Company, limited, report as. under ibn> their sale at Solway'oh Wednesday :— SWe : submitted a ; good entry of. both. , sheep end cattle.. In she.ep all .good, sound, sorts found a-ready.market .at prices quite ;»p to preYious sale. A few poor-class'sorts, in ewes.aßdJamJbs 1 failed to" sell, la cattle, rthe s entries did not include.any straight lines' of good-coloured ateere or heifers, mostly all-lots being 'bad coloured, and Iprices accordingly i low. B«t four-year fereeding ewes ranged from 13s.- 6d to 14s. |9d.; medium sorts, lite, to 11s.; shabby ewes, (53.: Iα lambs, only second and, third-grade offered, these' making Bs. to"9e. 3d.; -small wethers, 13s. to. 13s. 10d.; a email-lot of (Pure Komney. ewes. £1 2s. 6d.; two-year steers, £4 lOe.'; '18-month steers, £3 lα.; palvcs.-283.-6d.; store cows, £3. to £4; light beef, £5 ss. " f The N.Z. ;Loan . and Mercantile Agency Co., Ltd.. Danhevirke, raport:—On Thursday Jiist we hffld o, clearing tale of dau.y rtock, etc., at. Woodville. on account ot Ifr.' J. ptockbridge. Cows (spring calvers) made from £8. to '£4 ■Uβ., the herd averasing £5 JOs.; a nice, line of 18-month heifers, in calf,, made £5; weaner heifers, (small), £1 3s. 6d.; bulls/-from £5. All furniture and pundries mot with good competition, and made satisfactory ..prices. At. Miller'e Eoatl,. Dannevirke,. on Friday, we had. a good entry of, sheep,'but a small yarding or cattle, baeop -met with good comniitition.at advanced rates, and with one" excention we elea-red our yarding. We quoti" rllixed age- breeding ewes, 175., 169. 6d., Jss. )d.; wethere (mixed ages), lSel; cull lambs , , (S. 3d.; store cows.. £2 ss. to £2 lte. ' Mcssro. W. and G. Turnbull and Co., Ltd. Report ■ having held their weakly sale in [heir Carterton saleyards on Friday, when they offered a very soo'd yarding', of• sheep iattle. pigs, and horses. There was auijnated competition throushout, and aonseJnently a 'good clearance. "Amongst the flieep entry tho firm sold on account of '/fr.-Geo., Williame,-of Waiohine Valley; bis {.hole flock; which.oamo-lonvard in eicslent condition. The lino of breeding ewes jrought 175., and shorn lambs 12a. lid., Ind other.small lota brought full value, fhe. cattle, entry wag also well .edinpeted. »r, and a. total -wae , m.ide lorsea and pigs alqo .seld•• well;- .The. folpwmg prices were.reali/e'di-2, 4,"6. and•'•B-' ipgth,ewes', 17«.; f.m.',ewe3,.,93,.40d., : 105. 9d Q %• M ; : fat and. forward ewes,' ils. d., 12s. to'/13e. 3d.; cull ewes, ,6s. Id.- fat Lnd forward wethers, 175.. lid.'; 2-tooth'cwe'g fnd--'.wethers, ■ Us. sd. to 16s. 3d.; shorn ambs (good), 12a. lid.; small, ss. 4d. 6e ,d( : to Iβ. Si.; woolly lambs (eood). 13s.' 2d., 35.)4d. to 153. 6d.; creall. Bs. 3d. to'los. 6'1.• ams-(potters),-Us. Id. Pigs: Porkers, ifr' a.;' weaners, 9s. Horsee: 7-ye.iv halfraught mare,- £16r 5-year half-drnnght jelding. £17 10?. Cattle: Spring.2-year heipr, £o: 21-year beifers, in calf, £5;-yoar-ing heifers (good), £3.,65.; email. 375." to 2s.;.yearling 6tceiM-(small). 355.j 18-moiiths teers. £3'25.; weaner heifers (good), 27b', 33., 335.; small, 153., 205.. to" 2te.: weaner tecre (good), 30h.; amall, 20s. to r 235.; for>ard cows; £4 5.: store coivs; £2 55., il p. 6d., £3 to £3 35.: bulls. £3, to. £3 17s.'6d. h ; ■;.. -. C©MMERCfAL. iTBMS ■ : , ;..' INVBSTMEJTT.SHAKES. .'. , " JA" sale of Bank of'.New Zealand, rights i new issue, at £5 7«. 6d. waa the only faneaction recorded in' investment shares ii Saturday. The quotations were as jllow:— '' ' .-•''■' !'"'■• ' Buyers. Bclleni. •: : £ s. d. £ s. d. lank N.Z., ex rights 910 0 10 0 0 iank N.Z., rights ..;. 5'5 0 — • tetropolitan Euilding ... — 12 0 0 Tellinct-on Inveatment ... — - Oil 3' Toll. Trust and Loan ... 7 6 0 — Jiristchurch Ga3 (j 17 6 • — isborne Gas — 2 2 6 apier Gas (£10) 15 15 0 — /"ell. Gas (£10) 16 5 0 16 10 0 Ml. G-as'tpref.) 019 6 ■■' rUristchurch Meat 15 17 6 " —'. i-ar Meat (£4) 14 5 0 - nion Slejim (pref.) 10 0 — 7ell. Woollen (ord.) 4 16 - 'aupiri Coal '. 119 — 'crtport-Stockton 0 3 0 0 4 0 aring.ini'it.ll Totnra 2 5 6 — ! . M. Banks 12 6 — uldcn Day Cement" 0 17 9 0 19 0 Sard and Co 5 0 0 5 2 6 t.F.O.A. (£1) , — 16 0 f THE'MONEY jrADKET. ; ffhe JJaitk of Kiiglßiid figures published disclosed tho usual features fcttliar to the close of the financial year, pverimciit "deposits show a. eubstant'al

NEWS AND NPTESi

increase, an* at £28,740,000 are- much higher than the- figure at the corresponding data, wiiun the total stood at £26.115,000. Thereason for tho growth of these deposits is< that tho income-tax is paid in during March, and apparently the naymenta are larger than a year ago. There is a 6tcady shrinkage in tho,gold reserve of tho bank, nnd lost weoic the withdrawal amounted to £-330,000. The amount borrowed from the bank by Lombard Street 13 very heavy, amountin-j to £46,641,000. The figures at the end of this week will probably reflect a worse position, but in this following week when tho quarterly paymeuts and adjustments are completed, the figures of tho bank will nhow a normal Etato cf affairs. The etock market is steady, all colonial stocks arc unchanged on the week, while Consols are 10s. higher. Obviously tho members of the London Stock Exchange do not expect tho Ulster crisis to' become acute- enough, to intimidate investors. ~ THE BTJTTEE MARKET. Dairy produco is not selling as well lonay ari it was a year ago, as will be seen from tho following:— Butter. Mar., 1914. Mar.', 1913. Australian, salted ... 10fe.-10Ss. 10as.-112s. Australian, unsalted 110S.-112.5. 112vVll6s. Australian, secondaries ■ 100a.-102s. 1013.-1063. N.Z.,' salted 110s. 1183.-120s. N.Z.; unEalted 116s. 118s.-1225. N.Z.. secondaries — 110s.-114s. Danish ■ 1223.4245. 129a.-13te. New Zealand butter realising Bs. nor cvrt. less for salted and 23. lew for imsalted. • Australian and Danish are- al=o lower. 'However, business ehould improve next week in anticipation of the Easter trade. SOUTH'- CANTERBURY* GRAIN MARKET. (By Telegraph.— frese Association.) Oamaru, March "8. The demand for wheat i= mainly-from the south owing to the cheaper prices in Canterbury meeting tho demand from tho north. During the week velvet, has sold at lip to 3s. lid. and 43. net at country stations, but there was an easier feeling today. Velvet car has sold at '3s. 9d.", less commission, red chaff at fe. BJd. and 3s. 9d. net, solid straw Tuscan, 3s. ed., and. Marshall's -White, 3s. 7jd., all net. There ia a better demand for pats owing to the opening of business with the north, and good heavy oats xire in demand, although light are neglected. "A" Grade Gartons have Gold at Is. 'Bd. to Is. 83d;, but up to Is. ?id. and Is-. 9Jd. has been given, for special prime lines. ' Sales have bden made of "B" Grade at Is. 7d. .and ,Is. 7Jd.; Algerians,'lβ. Bd.; aod Black-Tartaria/fls at is. 7d., all net. Malting barley hat) been sold at 3s. and 2s. 6d., according to quality. -Salc3 of cocksfoot, have been, mads at 4d.' There is no'general 'coastwise trade for potatoes, and iho market if. depending on Dunedin. One sale for the northern market was madedurins thy week at £3. and this may be accepted, as tto market price. . ■ ' LOND,ON. MARKETS. Messrs. Dalgety" and Compa.ny. Limited, Wellington, have received cable advice from their London office, dated March 26:— Frozen meat: Market quiet. Lamb—Since our last wire prices are lower 'by l-Bd. to 3-Bil. per lb. Mutton—Market weak,' but without quotable change. Beef—Any change in price is in favour of buyers. Sheepskins—Aβ conipared with last ealcs' closing rates, merino skirw are 3-Bd. per lb. higher; orossbred skine Jd. per lb. higher. Tallow—Prices generally are 3d., to 6d. per cwt. lower.- . . .— i FROZEN MEAT. By Telegraph—Press Association— Casyright (Bee.-March 29,.5.5 p.m.) ■•• •' . London', March -28. The Incorporated Society of Meat ImiioTters'. Smithfield market auotations' for: the. undermentioned clasues of frozen meat are based on actual saJes of not less than one hundred- carcasses- of mutton or lambi or twenty-five auej-tare of beef of fair arerag«.'duality. The emotations are not for Eeleited lines, but for parcels fairly representative of the bulk of the shipments now on the market. Tho prices which follow'ero on the-average a firthins rer lb. more than- too values ex ship, tJlis difference representing the average cost in expense, laodltne, conveyanoe. and selling the-.meet:— -.;l:-;-. ;/,■:: !■■•■• 'Mac..21.-Mar.2B. Mutton—"'■■'' . d.- -.- -d; , " ■' Oantenbury, light - * 41 Canterbury, medium' ....'.. * ' ' 41' Oantorbury, meiium ■ * 4J Southland ..:. ; * * • North'lsland, best % 45 North Tsland. ordinary... 4 3-8 • 4 5-15 . Australian, light 3 5-16 35-16 Australian, heavy 3J 3J River Plato, light * • EiVer -Plate, heavy ..;... ■ 41-16 ' 4 New Zealand ewes ....... 4 , 4 Australian ewc3 35 " 35 Blver Plate ewes ; il' &$ Lamb— ' ' ■ , . Canterbury, ■ light 63-8 fj Canterbury,-medium. 61 6 Canteruury, heavy .' 6j £| Eiouthlaiid 6 6 North .Island, eelectcd ... 65 .6 North Island, ordinary... 5? 513-16 Australian, best 5j 5J Australian, fair sf, .£* Australian, inferior 5S 5i . River Plate, first 5J 5* Elver Plate, second 5J 55 BeefNew Zealand, ox fores... 3J . 33 New Zealand, ox hinds 45 ,41 Australian, .ox fores 313-16 33 Australian, ox hinds ... 43-8 4 3-8 River Plate, ox fores ZZ 33 River Plate, ox hinds , 4* '4J Kive'r'Plate, chilled forev33 313-16 River Plate, chilled hinds 5 5 *Nono offering. BABBITS. .The market is. quiet and prices a-ro unchanged. ; SHEEPSKINS. : Tlie-Bank of New Zealand received the following cable message on Saturday—The market is etrong for all kinds of shespskins. Prices are 7J to 10 per cent, higher