FARMING & COMMERCIAL

Dominion, Volume 11, Issue 135, 25 February 1918, Page 8

FARMING & COMMERCIAL

NiWS AND NOTES.

: EGMONT SHOW,

PEOPLE'S DAY. {B.r Telegrauh—Special Correspondent.) j New Plymouth, Mruavy 22. For .peapT&*B day ox the Egmont Show the weather was dull bjit fine. ' There was" a very largo ftttendauqe, the gate takings exoeeded those of the previous veal'. The judging pf the .romainina cattle and horse classes was completed ' early, but the ring was-ocoupied until late with tho competitions, in wljich the • onirics wero- large toe jumping : sow!. Mr. A. 1. Campbell (president) and Mr. !A. ;D. Perkin (seoror.'tary), both of vrnom were filling the '/position for the jirst iitne, got throijglr \ their duties admirably, and thoroughly < deserve tho congratulations they rocei.ved. Milch Cow Section. / Dairy coy, 4 years and over—F. Mills's (Tokaora) Graceful, 1; A. and J. O'Donnell's Queen Rainbow, 2; Jno. Nicolson's Lady. Bonnie, 3. ' ' Three-year heifer, in milk —A. and J. O'Donnell, 1; G- A. Marshant, 2. Two-year-oId—J.AV. Bradford,!; A. ■ 'A. Ward, 2; A. and J.O'Donnel!. 3. Pair two-year-olds—W. J. Bradford, V' 1; H. E. Johnson,-< 2. • • Pair yearlings—W. J. Bradford, 1; H. B. Johnson, 2; A. and J. O'DonJiell, 3. The Horses. Champion draught entire—E. Washer's Premier, 1; G, Lonsdale's Again, 2; ■ —- Shepherdess,:3.-; Champion mare—A. Hastie's Meadow . Yearling colt —E. AV. Washer,; 1. ;' Spring cart mare or gelding, up to •one ton—Thomas Perry (Mangatoki), 1 and 2; W. -Hunwick (Hawera), 3. Up to IS owt.—C. A. Clarke (Tokaora), 1; Thomas Perry, 2; W. Hunwick. 3. ' General farm horse —A. Duggan (Auroa), 1; j.,.Crassey (Hawera), 2; J. Kerrisk (Ohangai), 3. Pair wagon "horses—Thomas'Perry, l.v-, Light/harness^horses —Brood mare, foal at foot—Bluett (Te Roti), 1. Two-year-old—o. A. Clark, 1; F. S. Bluett, 2. Yearling—F. S. Bluett, 1; George Richards, 2; P. E. Cressey, 3. • -''Saddle and harness horses.—Champion hack—W. (Danne- . virke) Joker, 1. • Champion harness horse —J. Barraclough's (Rawhitiroa) Cliff, 1. Light harness horse, rnare or gelding, over 15.2 hands—W- J- Coates (Lowgarth) ' Proud Bess,'l. 15 hands and under 15.2— J. Barraclough's Cliff, .1; Mrs. G. Campbell's (Brunswick) Earl T., 2; J. Hurley's Jewell, 3. Uuder 15 hands and over' 14— E. E. 1 Evans's (Auroa),. 1: W. T. • Bailey, 2. Horse driven by lady—Mrs. Camphell's Earl, 1; W. J. Coates's Proud Bess,' 2; T. J. Hurley's Jewel, 3. Novice class —E. C. Evans, 1; W. T. Bailey, 2; C. Robinson, 3./ Best paced horse—J. Barraclough's Cliff, 1; Mrs. , Campbell's' Earl,, 2; W. -J. Coates's Proud 'Bess,-' 3.. •• Besfcturn-out—AV. . Barraclough, 1; AA 7 .' J. Coates, 2; F. J. Hurley, 8. ~- ■ . ' y : Pony entire—Rushing" 1 River,. 1. Pony .Leaping. 13} hands and under— Mrs. M. Baucnop's Nimrod, 1; C. Patterson's; Flora, 2; J. D. Mitchell's Princess, 3. • . .Beat rider,- under 'liF-Boy: C. Patersbn,;l..,' Girl: A. Bauchop, 2. -Pony,. 14k hands and . under—Mrs. } Bauchop's Sbnr.od, : Patterson's . lirfa,"-2Flora,'3; Bending\: : ' Mitchell, ■ I; ! 'J.;Atkins,;2'; : MrlTi Anderson, '3;Potato race-;A.-Mitchell; 1; J. Cres-sey,-2. 1 - Hunting competition", "(Bryce Rose Bowl)—J. Brioe's (Marton) ; Hailstone, 1; R. Johnstone's; (New' Plymouth) . Grey . Star, 2; O'Donnell's (Inalia) Grey Star, 3. _ Ladies'- Hunting—E. Sb.ort's.J?cout, 1; "O'DonnelPs. Grey,; Star, 2; Johnstoue's Grey Star, 3. : -Best, rider—Miss ..Brown, 1. '• " Steeplechase style—J. Br.vce's Hail- '' ; storni; 1; O'Neill's; (Urenui) Mac, 2; ; ■t* C. Patterson's Tofua, *8/'- ■; 1 ; ; Dog trials—J.. 'R. Corrigan's' MarVfel, 1. ''

: ;FEILDING EWE PAIR

By Telegraph.—Presß Association, Fellding, February 23. the Feilding ewe fair yesterday' - over 25,000 sheep were penned: ■' The !■' demand for good §orts was-keen. The

liighest price.forjiwo-tooths was £3 9s. ' • for a lot, sold on behalf of the Tawera ■ ' Estate; and'for olde'r-sheep £2 lis,;, on behalf of K J3hort. __-

, LIVE STOCK SALES

The New Zealand Loan and Mercantile Agency - Company report :—At Palmerston North, on. Thursday, sheep sold at late rates, and cattle wero inclined to drag. .Fat ewes and -wethers, 30s. 3d.; mixed 'lambs (smaH), 9s. 3d., 10s. 6d.; b.f. ivoolly lamti3,, 125.; Romney rams, ljgns.'; good store oows, £7'ls,, £7 45.: •tows with calves, ;£9 5a.5 best -weaners, small weaners, ■20s'., 2fls.; springing heifers, £8 15s„ £9, (£11; cotts ln.mflk,. £B.los. ~At tho Feild;jng sheep fair, on Friday, we had a very good entry of -good quality, sheep. Oom'petition was keen throughout, tho better jlinea of four and ' five-year ewes selling 'Tarticularly -welt. We quitted the -whole of our entry with tlio exception of two small pens. We sold the following special lines:—On account J. S. Parsons, Kimbol.ton. four-year ewes, 38s. 6d,: two-tooth ewes '(smaU), 265. 1 E. Shannon, Waitanna West, two-tooth ewes, 35b.; Alfred • Kidd, Kiwitea, six-tooth ewes, £2 ss. 6d.; G. F. Smith, Kimbolton, four-year ewes 305.; W. Clapham, Kiwitea, three and , four-year ewes, 365. 6d.; W. G. Pearce,. Colyton. fgur and five-year ewes, 30s. 6d.; W. E. L. Banks, Colyton, four and five-year ewes,, 325.; J. Linklater, Palmerston North, twotooth ewcß, 305./; M. A.' Conway, Cheltenham, four and five-year ewes, 375.; on account other vendors, cull lambs, 6s. sd. to ,7b. ; small lambs, 10s. 6d.; fair ewe lambs, 14s. Id.; ditto wether lambs, 14s. 4d.; 'two-tooth owes, 275. 2d. .to 31s. 6d.; forward ewes, 2Js.; four and five-year ewes, 2os. to 285.; four-year ewes, 325. 6d.; forward two-tooth wethers, 31s. fid.

Messrs. Abraham and Williams, Ltd., report:—At Palmerston North, on Thursday, we had a largo yarding of both sheep and cattle, and have to repprt a good inquiry for all lines of stock. Quotations: Sheep—Two and four-tooth ewes, 225. 6d.; 'f.f.m. ewes, 245.; mixed-age. owes. 14s. to 215.; othors, 9s. to lis. fid.; fat ewes, 265. 9d.; fat owes, 18s. 6d. to 21b. Id.; lambs, 12s. to 19s. 6d.; b.f. lambß, shorn, 7s. 6d. Oattle: Fat cowb, £11; 3toro cows, £6, £7, £7 10s., to £7 175.: two-year steers, £7 10s., £8 7s. od„ to £10 165.: yearling steers, £4 125.; weaners, £119s„ £2. £2 lis., to £3 6b.

Messrs. Dalgety and Company, Limited, Palmerston North, report having a good yarding of both sheep and cattle at their Palmerßton North yards on Thursday, ■when all lines, with the exception of a couple of pens, changed hands at satisfactory prices:—Quotations:—Sheep: Fat ewes, 275. 7d., 295. 6d.: four-tooth ewes, small, 21s. 3d.; four and five-year eweß, SOs. to 21s. 2d.: cull ewes, Bs. 6d. Cattle: Store cows, small £5 165.; wcaner heifers, 325.' 6d., £2 135., £2 155., £3, £3 10s„ £4 sb. Messrs. DalgeU' and Company, Limited, report having offered a good' yarding <>( sheep and cattle at their Upper Hutt sale on Thursday, when a good clearance was effected at satisfactory prices. They quote:—Fat wethers, to 335. 6d.; fat ewes, to 305.; two-tooth wethers, 255.: mixed-age ewes, 225.-, woolly lambs, to 17b. 9d.; cull lambs, to 10s.:' Romney rams. 2Jgns. to 21gns.; f.m. Lincoln rams. 4gns. A lino o£ rams, offered by Messrs. Liddle Bros., of Johiisonville, was keenly competed for, prices ranging from'lOgns. to 21gns.; cows, with calves, fetched £10 165.: empty heifers, to £7 55.; m.a.-weaners. to £2 145.; springing cows, to £13 10s.; swinging heifers, to £11 Us.; potter bulls,.to £12. At Pahautauui, on Friday, a good yarding of sheep was cleared'under tho hammer. Prices were as under:—Fat"wethers, to 31s. id.; s.m. ewes. 20b., 215.-3d., to 2Js. 9d.; f.m. ewes, 16s. to.18s: 7d.; ,wo6lli. lambs, lo 14s. lid.; cull lambs, to 1 10b.

COMMERCIAL ITEMS

INVESTMENT SHARES. Saturday's quotations for investment snares were as follow:— Buyers. Sellers. V -IT L' 1 r, ■ S. (1. Jv S, d. * AatioDßl Bank 5-,7 0 59 6 0 Banh N.Z. (£3 6s. 8d.)... - 1210 0 3 Bank N.Z. (£6l3s. M.) ...17 6 0 17 10 0 s Union Bank 64 5 0 — r N.Z. Loan and ller. (ord.) 6110 0 j N.Z. and R. Plato .1 16 6 — j National Insurance 3 0 0 — 1 N.Z. Insurance 8 5 0 — 3 S. British Insurance — 6 2 0 r Gear Meat (£1) 416 0 — = Union Steam (ord.) 3 2 6 - " Union Steam (pref.) 110 — - Well. Wodllen (ord.) 611 0 — 3 waipa Coal —' 018 6 N.Z. Paper Mills 0 19 3 Shariand.'s (nrd.) 17 9 — 7 W.F.O.A. (£5) 6 5 0 - - Auckland Trams (0rd.)... 10 6 — Ountnwf dutii'S collected t,! lb» port of Wellington on Saturday amounted to £1845 . 18s. Bd. ' LONDON MARKETS. (Hec. Februars' 24. 5.5 p.m.) London, February 23. Hemp.—ln good demand, at Government prices. Bubber.—Para, 2s. Bd. per lb.: plantation, 2s. 3ijd.; smoked. 2s. 3Jd. Hides.—ll,9o2 New Zealand salted were auctioned. All lots were sold at prices ranging from IOJd. to 15d.; Australian, i i nominally unchanged. . ; Leather—Prices unchanged. A fair quantity has arrived, but has not yet been marketed; basils areunnjir/iged. Tin, £314 10s. per ton. (spot): £314 ss. . (threo months). Silver, 421 d. per oz. standard. BANK I4F ENGLAND RETURN. Australian-Mow Zea'anri Cabl*> Association. Londoni February 21. The Bank of En?nir.t! return issued for i the week ended Wednesday, February 20, iB as under:— Issnr DBWJiiincNT. Note Issue i 75.879,000 Gov. debt... £11,015,000 Other securities 7.434,000GoM 57,430.000 "f75.579.000 £75.879,000 BAKKINO DBPARIMES'T, Proprietors' . , Gov. seourlcapital ...£14,553,000 ties ... £56,351,000 Public de- ' • Other securiposits ... 35,562,000 ties 101,441,000 Other deposits .'..131.879,000 Notes... ... 29,672,000 Best, 7-day i and other i bills - 3,513.000 Coin ... ... 1.043.0001 £188,506,000 £188,506.0001 The leading items of the Bank of Eng- | land return afford the following comparison:-' This week Last week Lastyear £'£ £ i Bullion 57,430,000 57.835.000 54.122.000 | Reserve , .:. 30,714,000 31.33-21000 50.602.000 Note Circulation 46.207.000 46,061.000 38.666.000 Public Deposits 38,662.000 39.078,000 . 48,836,000 i Other Deposits 131,679.000 126,'265,000 146.828,000 , Proportion of ' . , reserves to i ■ liabilities ' 18.62' 18.86 18.10 j ; GOVERNMENT SECURITIES. . ! - The following are the latest quotations I \ (or Consols and Colonial Government Se- ' , curities in comparison with those ruling I . last week:— ' i i ' " : —! ; , This Last . Stock Week Weok , \ 2J% Imperial Consols d (i 5. ~ War Loan . ~, 54 10 0 64 10 0 . ( 35 „ War Loan ® ! 4 „ N.8.W.1933 Jan-Julj 8 0 ffi 10 0 , 3J „ N.5.W.1930-50 Mr.-Sp ®o 0 ffl 2 6 , 3J „ N.S.W. Early Oujr. f®" • f « < 3 „ N.S.W. 1925 Apl.-Oct g-g J "" . 1 4 „ Vie. 1920 Jan-July 3a.. Tic.1921-6 Jan, July f. °®56 2 6 f 31 „ Vic. 1920-1949 "?« n?n7 fi ' 3 Vic. 1929-49, Jan.-Jly 12 " 2 '2 ,A S 1 ? 3J„S.A. 1916 Jan.-July SLg S , •3 „ S.A. 1916 Jan.-July 7 J " 2 5 ® 1 4 „ QTd 1915-24 Jan.-Jly 1 „ 3J „ Q'l'dl922-47 Jan.-Jly SSo 8H 15 0 \ .3 „QTd 1922-47 Jan,Jlj 62 5062 0 6 ;4 „ N.Z. 1929 May-Nov. pg 1" 6 66 12 6 ! 31 „ N.Z. 1912-40 Jan,Jly 3 S ™{5 S ;3 „ N.Z. 1920 April-Oct. 63 50M 5 0 \ 31 „ W.A. 1915-35 My-Nv 76 7 6 74 1" 6 J ? " Ja n-July . 71 7 6 71 0 0 'J •. Taa 1920-40 Jan,Julj 65 0 0 '65 0. 0> ] MONET MARKET" , | The Bank of England discount rate was on January 2, 1914,. reduced from 5 to 41 5 per cent., on January 22 it was roduced to 4 ;4 per cent,, and on January 23 to 3 per j cent. On July 30 the rate was rn'sed to 4 per oent., on July 31 it was raised to 1 8 per cent., and on August 1 it was fur- ] Iher advanced to 10 per cent. On, August 1 6 the rate was reduced to 6 per cent-., on 9 August 7 it was further reduced to 5 per cent., on July 13, 1916, it was raised to 6 0 per cent., on January 12, 1917, it was ro- f duced to 51 per cent., and 'on April 5 it' j was further reduced to s'per cent, g OPEN MARKET RATES. C The open market discount rato for tbren 7 months' bills is 3gd. per cent., as compared 2 with 3| per cent, last week and 5} per 4 ec'it. last year. Short loans are quoted at 3} per cent., I as against 3J per cent, -last ■week, and 5 o per cent, last year. 3 COLONIAL AND OTHER PRODUCE. 6 - Wheat and Flour.—Business restricted; 11 no colonial offering, ' a Oats and Peas,—Neglected. 1 Beans.—Steady business. Sugar.—Unchanged. Butter—At a standstill, pending the com- , mencement of'rationing on Monday. J Cheese—Distributing very alowly. . j MINING NEWS • , ( WELINGTON SHAEE MARKET. ' The quotations on Saturday for mining I shareß were as under:— a Buyers. Sellers. B £8. d. J3 s. d. V Talisman — 010 0 S Grand Junction ~. 0 13 11 — Mammoth Molybdenite (Bs. ' paid) 05 9 — j