FARMING & COMMERCIAL

Dominion, Volume 14, Issue 125, 19 February 1921, Page 10

FARMING & COMMERCIAL

NEWS AND NOTES

auction sales FORTHCOMING FIXTURES. MONDAY. Wanganui, 10 a.m.—Sale of motor-cars and accessories (Freeman, Jackson and Co). Purcell Street, Foxton, 12.30 p.m—gale o* flaxmill plant (Abraham and Williams, Ltd.). 157 Lambton Quay, Wellington, 1.30 p.m.— Sale of carpets (E. Johnston and Co.). Levin Yards, 12 noon.—Stock sale. MASTERTON RAM FAIR LOW PRICES RULE. Bv Telegraph—Special Correspondent.. Masterton, February 18. The annual ram fair of the Masterton A. ajid P. Association was concluded today, when stud and flock Romney ranis were offered. There was again a good attendance. While the demand lusted, comparatively few sheep were passed in, the tendency of the market being reflected rather in low prices than in the number of sheep failing to elicit bids. Wellwoolled sheep, whose value last year ranged from 20gns. to 30gns., were sold to-day for four, five, and eight guineas. When the selling of flocks was resumed late in the afternoon, the demand appeared to have been satisfied, for pen after pen of fir.ely-woolled and constitutioned animals were raced through the ring, no bids being registered, where last year there woud have been spirited competition. However, it was announced that practically all of the sheep passed in during the morning had afterwards been sold privately. Twenty-one pens of stud rams were entered, two of which were not brought forward. Though a number of animals were passed in, it was generally because the bidding had failed to reach the reserves. Charles Wagland, of Willowbank, Masterton, secured the top price of 47gns. for a one-shear ram, purchased by Paul Hunter, of Hawke’s Bay. A bid of Signs, was refused for another of Mr. Wagland’s rams. The second highest price was 46gns. for a oneshear, bred by William Perry and Son, and bought by Mr. Snaddon. An Eglinton ram went to H. A. Bunny for 45gns. The lowest bid accepted was Bgns. Following are some of the prices paid;—Account, of Charles Wagland: 25sms., 20gns. On account of W. Perry and Son: 27gns., 19gns. E. Eglinton: 21gns. William Rayner: 2figns., 22gns., 20gns., 14gns.. 12gns., lOgns. James Knight: 43gns., 12gns. A. and J. Gray: 14gns., llgns., lOgns. W. F. Jacob: 17gns. R. and F. Gray: 20a ns. W. H. Buick: llgna. There was a very large entry of flock ranis. Ono hundred and thirty-one pons were entered, though all of thess were not offered. The morning sale was by far the best for prices. When flocks were brought on again in the afternoon the demand quickly eased off, and no bids were forthcoming for sheep which would have, brought up to lOgns. in the morning. The prices ranged from 23gns., paid by Percy Bros, for a Daysh one-shear ram, down to one guinea, the bid accepted for a line of twenty very light-woolled sheep bred by E. V. Riddiford. The first lot sold was the first prize pen in connection with the show. This was bought from David Smith by J. W. Buchanan for 9igne. The second prize pen, on account of GF-. Allan, was passed in, 7igns. being the highest bid. Quinton Donald’s third prize lot were purchased bv William Rayner for lOgns. CANTERBURY PRODUCE MARKETS By Telegraph—Press Association. Christchurch, February 18. There is a fairly good demand for barley and a fair amount is being offered. For good quality 7s. 3d. to 7s. fid. is being paid. There is a fair demand for white clover, up to Is. 9d. being paid for good quality. Very little demand for cocksfoot has come from the North Island yet, merchants evidently being able to work on what they have on hand. DUNEDIN WOOL SALE By Telegraph.—Press Association. Dunedin, February 18. The total number of bales catalogued for Monday’s wool sale is 19,277. LIVE STOCK SALES Messrs. Dalgety and Co. Ltd., Palmerston North, report on their Palmerston North sale on February 17:—We had a fair yarding of sheep and a small entry of cattle, which sold on a par with late sales as under:—Quotations: Cull ewes, ss. 6d. to 65.; B.m. ewes, 10s. 9d.; cull 2-tooths, 125.; medium lambs, 125.; fat lambs, 21s. 6d. The New Zealand Loan and Mercantile Agency Co., Ltd., reporting on their Levin sale, held on Tuesday, state that they offered to a good attendance, a fair entry of both sheep and cattle, and practically a clearance being made at the following prices:—Fat mix sex 2-tooths, 235. to 235. 6d.; fat ewes. 21s. 6d.; mixed age good condition wethers, 225. 9(1.; small lambs. Bs. lOd. to 9s. 6d.; potter rams, Ils.; 2tooth Romney rams, 2* to 3gns.; fat cow, £7; 2J-year steers, £6 2s. 6d.; store cows, £2 10b.; yearling bull, 305.: good Jersey cross weaner heifers, £4 75.; light fat porkers, 28s. to 295.; small store pigs, Ils. to 145.; weaner do., Bs. Messrs, Abraham and Williams, Ltd., report on their Marton sale., held on Tuesday:—A good yarding of sheep, consisting mostly of lambs, met with a good inquiry. Other classes of sheep were dull of sale. We sold all lots offered except one pen undec- the hammer. We quote: h.f. woolly lambs, 165., 19s. lOd.; shorn do., 15b. 4d.; cull do., 65.; shorn lambs, "13s. 6d. to 14s. 2d.; medium do., Bs. to Ils. 8'.!.; cull do.. ss. 3d. to 7s. 4d.; 2-' tooth ewes. 165.; 2-tooth wethers. 15s, Id.; small ra.s. do., 10s.; 4-tooth wethers, 21s. 4d.; empty ewes. 75.; fat ewes. 18s. 3d„ 205.; empty cow, £2 10s.; pigs at late rates. At Mangaweka on Thursday- wo held our annual ewe fair. Buyers were present from Wang-anni, Taranaki, Manawatu and Waikato. Wo varded 2500 ewes and were successful in disposing of all lots. Good ewes were in much better demand than was expected. We quote: On account A. E. Russell, 5-year ewes, 215.. 21s. 2d.; 4year ewes, 255. On account. R. E. Beckett. 4- ewes, 19s. 6d. Other vendors. 4 and 5- ewes. 17s. 6d. to IBs. 3d.; poor do., 7s. 6d. to 10s. The Wairarapa Farmers’ Co-op. Association. .Ltd., Pahiatua, report on their annual ew» fn>, held ip their Mangahao yards, Pahiatua, on February 14, as follows:—We offered a full yarding, compris.ing the annual drafts from the principal fagmers apd settlers in the district. The quality ot. the offering compared very favourably with that of previous years, and most lines reached the condition of past offerings. This sale was the first ot its kind held this year, and owing to the unsettled state of the wool market at present, those interested were uncertain as to how the values would rule. As was anticipated, the finest wool ewes, suitable for fat lamb rearing, were in best demand. Buyers' representatives of all parts of this and outside districts, were present In largo numbers, and as announced at the commencement of the sale, vendors were prepared to meet the presentuay values, and a good clearance resulted. Wo yarded 12,400 ewes and sold 940 v. The majority of lines sold went to Manawatu buyers, whilst a Taranaki purchaser was also an extensive buyer. The following list of sales will give the range of prices:—26s 4 and 5-year ewes, sold on account of F. Whit, Esq., at 205.; 5145 4 and 5-y«ar ewes, from 205., 18s. 5d., IBs.. 17s. Bd., 175., 16s. 9d., 15s. 5d., 14s. 9(1., 14s. 7d„ 145., 135., 125., Ils. 6d„ Ila. 10s. 9d. to 7s. lOd.; 200 3 and 4-year do., 205.; 88 3, 4 and 5-year do., 175.; 700 5 and 6- do., 135.: 291 4-year do., from 16s. .id., 12s. Cd. to Ss. 5d.: 1074 2, 4 and 6-tooth do., from ZOs., 175., 16s. 5d,, 165., 15s. 6d., 155., 13s. 9d„ 13s. 7d. to 10s. 7d.; 237 m.a. owes. 155.; 94 6-tooth to f.f.m. do., 13s. 6d.; other lines sold from 10s. lid. down to ss. Id. Messrs. Dalgety and Co., Ltd., Palmerston North, report on their monthly Utuwai sale:—Wo had a good yarding of sheep, which met a market depressed in sympathy with outside sales. We quote:— Sheep: Medium 4-year ewes. 12b.; fall 4 and 5-yenr ewes, 13s. to 14s. fa'-.-, medium lambs. Us? 3d.-, cull lambs. 2s. 6d. to j 45.: Romnoy rams, £2 2s. Messrs. Abraham and Williams. Ltd., report:—At Feilding, on Februar.v 11. a good yarding of both sheep and cattle came forward. Vendors were meeting the mnr- 1 kct. and practically every pen of sheep was sold under the hammer. Cattle wore in poor demand. Wo quoto:—Sheop: Fat

wethers, 19s. 6d. to 245. 3d.; 4 6, and fltooth ewes, 13s. to 195.; 2-tooth ewes, to 18s.; 2-tooth wethers. 16s. 6d. to 18s.; good shorn lambs, 13s. Id. to 15s. 2d.; woolly lambs, 12s. 9tl. to 165.; cull lambs, 6s. 9d. to 9s. 3d. Cattle: Dairy cows, £8 to £ll 10s • forward cows, £5 2s. 6(1. to £5 17s. 6d.';’ stores, £2 10s. to £3 12s. 6d.; yearling Herefords, to £2 65.; weaner heifers, £l. £2 65.; bulla, £2 7s. 6d„ £5 to £6. COMMERCIAL ITEMS INVESTMENT SHARES.

By Telegraph—Press Association-Copyright. Melbourne, February 18. Barley, English, 4s. to 4s. 3d. per bushel; .Cape, 3a. to 3s. 3d. Oats, 2s. 7d. to 2s. Bd. Potatoes, £3 15s, to £6 per ton. Onions, £5 10s. to £6. HIDE MARKET UNCHANGED. By Telegraph—Press Association Copyright. Melbourne, February 18. The hide market is unaltered. Stouts and heavies are firm; kips are unchanged, whilst lights declined }d. per pound. LONDON TALLOW MARKET. Australian-New Zealand Cable Association. London, February 16. At the London tallow sales, 2657 casks were offered and 704 were sold, at an average decline of Is. per cwt. Mutton. 435. to 395.; beef, 50s. to 375. Messrs. Dalgety and Company Limited report having received the following cablegram from their London house under date of February 16:—"Tallow: 2600 casks offered, 600 sold. Average Is. lower, rather better demand at the decline. Fino mutton £2 35.; good mixed, £1 16s. to £1 18s.. gut, £1 95." The Bank of New’ Zealand has received the following advice from its London office, under data. February 16:—“There is only a limited demand for tallow. Good beef £2; good mutton, £2; good mixed, £1 18s.; gut, £1 9s. per cwt.” MINING NEWS WELLINGTON SHARE MARKET. The following quotations were recorded in the mining market yesterday:Buyeri. Belleri. £ «. d. £ a. d. Waihi I 1 3 190 LONDON STOCK EXCHANGE. Australian-New Zealand Cable Association. London, February 16. Consols are quoted at £46 10s.; Broken Hill, buyers 395. 3d., sellers 40s. 3d. STOCK EXCHANGE!. By Telegraph—Press Association. Auckland, February 18 Sale—Waihi. 275. 6d.

Yesterday's quotations for investment shares were as follow; Buyers. Hellers. s. d. Ju M. a. War Bonds, 4J p.c., 1925 — 96 0 0 National bank 5 13 6 — Bank New Zealand 2 7 3 2 8 0 Union Bank 12 2 6 12 5 0 Goldsurougll Mort 15 9 — N.Z. L. and Mer. (ord.) 84 0 0 89 0 0 Well. Gas (pref.) — 0 17 0 Timaru Gas -— 7 10 0 New Zealand Insurance 1 5 10 1 4 b N.Z. Refrigerating (10s.) — 0 19 9 Gear Meat 1 11 0 1 14 6 Huddart-Parker (ord.) ... 2 1 9 2 4 0 Kaiapoi Woollen (ord.) ... Coal (ord.) 1 7 0 — 0 17 0 Westport Coal 1 7 0 1 8 0 Waipa Coal Howard bniitl#*' 2 0 0 0 15 0 N.Z. Drrijr < 2 19 6 3 a 0 N.Z. Paper Mills 1 8 6 Wairarapa Farmers (£5) —— b 5 0 Wairarapa. Farmers (pref.) Wilson’s Cement 1 0 0 — 0 lb 1U MELBOURNE PRODUCE MARKET.