FARMING & COMMERCIAL

Dominion, Volume 14, Issue 243, 8 July 1921, Page 8

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. 157 Lambton Quay. Wellington, 10.30 a.m. —Sale of machinery. Moxham Avenue, Hataitai. 11 a.m—Sale of jewellery (Vine- and Wilsum). 50 Lower Cuba Street, Wellington, 1.30 p.m—Furniture sale (C. W. Price). Dominion Avenue, Wellington. 1.30 p.m.— Furniture sale (Vine and Wilson). 157 Lambton Quay. Wellington, 1.30 p.m. —Furniture sale (Johnston and Co.). 141 Manners Street. Wellington, 2 p.m.— Furniture sale (Wheatley and Co.). TO-MORROW. Nai Nai Road. Lower Hutt, 1 p.m—Furniture sale (Hodgkins, Carver). Knight’s Road. Lower Hutt, 1.15 p.m — Furniture sale (U. Leighton). MONDAY. 137 Lambton Quay, Wellington, 10 a.m. and 3 p.m.—Meat sales (Hodgkins, Carver). WOOL TEXTILE INDUSTRY LABOUR SCHEME FOR NATIONALISATION. a London, July 6. A committee representing ail Labour interests has been engaged in formulating a scheme for tho nationalisation of the wool textile industry. The report suggests a scheme whereby the principal raw material would be purchased by the State. Government buyers would enter the world’s markets and purchase the industry’s requirements. Private trading would bo made illegal; and importation, except on Government account, would be forbidden. The State would arrange the transport, freight, storage, and distribution; nnd would take power to acquire the industry. But it would not immediately fully exercise that power. It would also control profits earned by sections of the trade which were not publicly owned. Furthermore, the State would exercise such other control as would bo necessary to ensure efficiency in the working of firms not acquired by the State. The report also provides for a Ministry of Wool and Woollen Textiles.—Aue.-N.Z. Cable Assn. “STATE SOCIALISM KILLED." London, July 6. The “Manchester Guardian," commenting on the Parliamentary Labour Party and Trade Union Congress Co-operative Union’s Wool Trade Nationalisation scheme, says there are special reasons for the public ownership of the mines end railways; but even these should bo dissociated as far as possible from State management. That the wool trade proposal should be mad© after the last seven years’ experience shows how men cling to a phrase. The war has changed much, and has killed State Socialism.—Aus.-N.Z. Cable Assn. LONGWOOLSHEEP MANY AUSTRALIAN FLOCKS DISPERSED. (Rec. July 7, 7.55 p.m. Sydney, July 7. At the annual meeting of the Longwool Sheepbreeders’ Association the report stated that owing to the small prices and limited demand for longwool sheep and wool during the past year, forty-nine registered Australian flocks had been dispersed. Against this twenty-seven new docks had been .established. The council however, was confident that the longwool industry would recover, and regain its former prosperity ns European conditions became normal. Already the demand had somewhat improved.-Press Assn. AUCKLAND WOOL SALE POSTPONED By Telegraph—Press Association. Auckland, July 7. The wool saleohas been postponed, probably until the end of August. BRITISH WOOL EXPORTS London, July 6. Exports of wool from all ports for the twelve months ended June 30, 1921, were 472 686 bales, as compared wall bIS.JJo bales for 1920.—Au5.-N.Z. Cable Assn. EXPORTS OF TALLOW Exports of tallow to the United Kingdom and Continent from New Zealand during June were ns under:—

Sales of tallow during June were 6-1 tons. HEMP AND TOW GRADED The following return shows the quantities of hemp, tow, and stripper-slips graded at the ports of the Dominion during the month of June. The total number of bales of h ”“p graded was 1238, as compared with 4983 for the corresponding period of lat>t ’ a (Increase of 3745 bales, lor the tuelvo months ended June 30, the number of bales graded was 70,820, as oohipaied, " 93,645 for the previous twelve months, decrease of 22,825 bales. „ t The total number of bales of toi graded was 319 as compared with 100 l for the same month £ r - crease of 732 bales, lor the twelve months ended June 30 the number of bales graded was 15,799, ‘^T^ontJ 20,451 for the previous twelve months, a decrease of 44x>5 ’bales. SrHpper-slips. - Nil. Correspond ng month of last year 2 ® '“H twelve months ended June 302006 bales graded as compared with ,108 bales tor rue previous twelve months, an increase of ISWB bales. live stock sales The New Zealand Loan and llcrca ß*’ l ,® Agency Company. Ltd„ renort Pahiatua sale held on Tuesday ■ a small entry of dairy cows only. Me emote:- Dairy cows, early spring caiv. Loan’ Mercantile Agency Company. Ltd on Mastorton sale hem on lyeanesaay. had «. small entry, which w* .nbmlttad to a good attendance. A slightly belter tone prevailed. We quote—Aged e -ves, | running with Southdown rams. 7b.. 11, Mercantile .wS e held C “-clearlng r ". t ’ale on account of Mr. J. JI. <■ ’ k llv - ri . an d was a large attendance of buy?”- »• “ tllß OOWU which WCTO IL SOOd lot. 1H condition, and all early ealver. sold we Prices realised were as aa i-31. *tnjl the whole Herd of 50 averaged £l5 12s. 6d. We quote:—Best cows. £l7 Ws- to £3l fair and medium cows. £l3 10*. to xio 10s.: three-quarter and backward calvers £6 10- to £7 10s.; two and a . half-year fnd three-year springing £7 10s. to £lO sa-; yearling heifer*.

I 9».; pedigree Jersey bull, 84gn«.; purebred Jersey bull llgns.; breedin? sows, £4 to £8; porkers, 30s. to £2 12a. 6d. Messrs. Abraham and Williams, Ltd. held their Marton sale on Tuesday, when good entries of both sheen and cattle were penned. The demand far sheep was very keen, all lota meeting with a ready sale at increased prices. Cattle ■old at late rates. Four-year ewes, running with Romney rams, 20s. 6d.; mixedUKCd do., 15s. 4d.. 165.; poor do.. 13s. 9d.; two-tooth wethers, 16s. 4<L, 16s. 9d.; mixedsex lambs. 14s. Id.. 14s. 3d; others, 12s. 6d.. 13s.- fat two-tooths, 17b. to 19s. 6d.; fat owes Ids. 9<l„ 12a. ICd.j dairy cows, £9 to £l3 17s. 6d.: poor do., £4 sb. to £7 15s. | heifers in calf. £5 to £10; empty cows, £2: cowr, in calf, to £3. Mcs«rs’. Newton King. Ltd., report:—Av Stratford, on June 28, wo report, a, moderate yarding of sheep and cattle and price on a par with late values. Lambs, 13a. 6d. 14s.- empty ewes. He. Id.; store cows £2 12s. 6d„ £2 17s. 6d.; forward do., £4 10b.; fat do., £5 17s. 6d.. £6 35.; weaner steers. 15a.: weaner heifers. £l, £2 25.; better quality do.. £3 55.. £3 155.; in-calf heifers £8 55.; in-calf dairy cows, £5. £o, up to £lO 10s. At Inglewood, on June 29. a good yarding of sheep and fair one of cattle met with improved sale, sheep values especially for breeding ewes snowed an advance, whilst, store rattle also strengthened in 'values. Dairy cattle were in good demand, but the oflerln? was only of fair quality, and comprised mostly backward culvers. Lambs. Bs., Bs. 9d Ils. 6d.; small and inferior do., 45.; four and six-tooth ewes tn lamb. 16s. 9d„ 20s • 15-month steers, 385.; two-year do.. £3 25.; store cows. £1 10s.. £2 155.; weaner heifers 32a. 6d., 355., £2 in.; 20-month empty'heifers, £6 55.; 20-month in-calf heifers, £4 7a. 6d., £6: choice quality do., £7 £9, £10: heifers, calved. £7 155.; inralf cows. £6, £6 10s.. £8: better sorts. £ll. At Rahotu sale and heifer fair, on June 30, a full vardine of chiefly good quality dairy heifers was submitted. Wenners and store cows sold readily at considerahlv advanced prices. The sale of dairy heifers opened slackly, but a good recovery was made, and with the exception of very few hen.d. the whole offering was sold. Weaner ’heifers, 315., £2 Ba.; Jersey do., £5 13a.; weaner steers, 20a.; m.s. weaners, 295.; store cows, £1 Ils.. £1 17s. 6d.; forward do., £3 7s. 6d.: in-calf heifers, two-year Jerseys. £l2 10s.. £l4 10a.; more forward do.. £l5 to £l6 5b ; threeyear Holateins. £lO, £lO 10s., £ll eS.: better duality and more forward do. £l3 55.; Shorthorns, small and backward, £8 6a £.9 ss.- better sorts, £lO. £lO 4s. 6d., £lO 10s. . COMMERCIAL ITEMS INVESTMENT SHARES.

CUSTOMS REVENUE. Customs revenue 'collected nt the port of Wellington yesterday totalled £3468 fts. sei. AUSTRALIAN PRODUCE MARKETS. By Telegrnoh—P-’ese AsiwJatiC'" Copyright (Rec. July 7. 10.25 p m.) Sydney, July 7. Oats. Algerian fee.d. is. 4d. per bushel; white feed. 3b. 6d. Maize, vellow. 5s ner bushel; white. 4«. 9d. Potatoes Tasmanian. £5 to £7 per tor.. Onions. Victorian. £6 to £6 10s. per ton. Adelaide, Julv 7. Oats, Algerian feed, 2s. 4d. per bushel. GOLDEN BAY CEMENT WORKS ACTION BY DEBENTURE-HOLDERS. The property of the Golden Bay Works Company was comnaratßcly recently purchased by a syndicate top- • . mont Of ss. per shave, and the issue of debentures to the original nhareholdei»• The net. profit of the former company for the year ended Juno to. 1919 was £2228: but. after providing predation the amount to creUit of rroflt and loss. including balprevious year. £6519. was carried forward The directors on that occasion recommende.d that no should be nnid to which the shareholders agreed. Then came an overloading of the cement market, following immediately on almost famine conditions with Government "rationing. The Golden Bay works were closed down until better tarn, and they have not yet reopened. 9he debenture holders are now tak.ng a. ll °L’ tn ascertain whv the works should mt reopen A meeting of debenture holers is called for next wook when the in er business will be iX’t- before the . “To consider what action Fb oil Id be taken by the trustees should the company'., works be indefinitely clone, —They are at present closed down.)

COMPANIES REGISTERED

The "Mercantile Gazette" records tho registration of the following companies:~ Levin Sawmilling Co.. Ltd registered as fl nrivßtc company June 13. 1921. Omce. Dannevirke, Capital: .-CIO.CM Into 10.000 sharea of £1 each. Sjibscriberß: Danner i r h p 4 3 Kniffht 2noo. W. E. 2500 V Ashcroft 2000. C. N. Thomson 20W; Lovin—H. J. Howard 1900. Objects- To carry on. business of sawmillers timber merchants, wood n>an yJ ac^’ rer ?’ t T t Matahiwi Co-on. -Dairy Co.. Ltd., registered June 30. 1921. Capital. £l2OO. into 1200 shares of £1 each. tahiwi—B. Tankersley 70, J. ClarK IS). A. ■M'Rnv 140 E Field 98. R. Royce 87. J. Whiteman'7o/ AB. Grapt 87; EketahnnaW P. Carter 5. Objects :7To acqnirs and take over as a going concern the wsn«l, builAinfCa nlant. ard and the business of manufacturing cheesy »«3 other products from milk. M tc.. now c r ed on hv J. Ma.cWan and Co., Ltd.. Pt Matahiwi. trading as Matahiwi Dairy Clothing Co. us a private company July 2, 192- Capit.il. oitfin intn 1 SOO Hharcs of £1 each. Hub-sertb-rV Wellington-R P. Stewart 300.- H. IT Miller 350. J. M’Crorie 300. H. Hayward 350. Objects: To carry ou all or any of the businesses, wholesale nnd/or J. of clothiers. mercers, hatters. tailors, Hrinpra and general incidental. . d Merewether Motor Co Ltd rs a private company July 4. 1921. yamtai. £20.000 into SCO pref, ahy** Loh 1 parh and 19,500 ord. shares of £1 Wanpanui—A. G. B ’Snoll in 000 ord K W. ‘Mercwether daX) ord.. M. G Btenoii 2500 ord., J. Boyd 500 pref. Obiectß- To acquire and take over as a going concern the "tack-in-trade property both real and personal, undertaking, and goodwill of a motor agent and mechanic and motor earage proprietor now carried on at Wnmganui by E.'W. Merewether and M G. Bignell. to carry on businesses of motor agent repairer, manufacturer, and general incidental. MINING NEWS WELLINGTON SHARE MARKET. The quotations recorded in the mining market yesterday were asunder £ s. d. £ s. d. Walhi Grand Junction... - (I 19 9 STOCK EXCHANGE. By Telegraph.—Press Association. Auckland. July 7. Sales—War Loan (1938), £B3 10s.; Inscribed Stock (1938). £B3 10s.; Now Zealand tnHurance. 29h. 9d.; South British Insursnee 36s / Auckland Gas, 21s. 6f1.; Waihi. 3°’’ Dunedin. July 7. Rales—Rank of New 48s. 3d.; Union Bank of Australia. £l2 18s.: New Zealand Paper Mills, 225. 9d. : Talisman Consolidated, 6s. Id.

w .'o S M A al r-C5 — o © S p ® 3 43 S a " (3.S2 Tons. Tons. Tons. .— 1,641 2,080 Du ii ©din 90 1,476 1,045 4 280 483 Oamaru. Timaru 48 1,240 1,974 Christchurch 240 3,982 50 4,824 Blenheim — Nelson • •••• 28 191 91 Wellington 243 37 9,465 1,285 7,752 882 A ring an u i • ■ • • New Plymouth aitara, 288 928 239 652 303 Nepier, Wsiroft 312 2,814 2,453 Gisborne, Tokomaru 613 3,127 1,266 ±>ay 220 70 Auckland, Whangarei 108 4.855 2,016 30,617 28,841

Yesterday’s quotations i for Investment shares were as follow:— Buyers. Sellers. £ s. d. £ B. d. Inscribed Stock. 1938 ... 83 0 0 — War Ponds, 1938 S3 0 0 — 32 5 0 Rank New Zealand. 2 7 9 2 8 3 T'nlnn Bank 12 12 6 13 0 0 Goldsbrough Mort •_ 1 8 6 — National Mortgage (cum.) 3 7 0 Well. Gas inrd.) — 10 0 0 Well. Ona (pref.) 0 16 0 National Insurance 3 0 0 3 3 0 Now Zealand Insurance 1 9 11 1 10 6 South British Insurance 9 16 0 1 16 1 Standard Insurance 2 6 0 Refrigerating (10s.) 0 15 9 0 16 6 Grpr Vent 1 13 0 Huddart-Parker (ord.) ... 2 4 0 2 4 6 Huddart-Parker (pref.) . 0 19 0 Waipa Coal 0 14 6 Leyland-O'Brien Tarnngamutu Totara, ... 1 7 C 1 8 0 Bartholomew Timber ... — 1 1 0 Kirlccnldie and Stains (pref.) - Paper Mills frights) 0 17 0 1 6 0 0 1” 0 1 0 6 Wairarapa Farmers 0 18 (pref.)