FARMING & COMMERCIAL

Dominion, Volume 14, Issue 244, 9 July 1921, Page 10

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. Nni Nai Road, Lower Hutt, 1 p.m.—Furniture sale (Hodgkins, Carver). Knight’s Road, Lower Hutt, 1.15 p.m — Furniture sale (H. Leighton). MONDAY. 137 Lambton Quay, Wellington, 10 a..m. and 3 p.m.—Meat sales (Hodgkins, Oarver). 157 Lambton Quay, Wellington. 1.30 p.m.— Sale of drapery (Johnston and Co.). TUESDAY. Show Grounds. Hawera. 10.30 a.m.—Sale of pedigree Jersey cows (Farmers' Society). Dycrvule, Mnrtinborough, 11.30 a.rn.—Sale of stock ami implements (Wright. Stephenson). Levin Yards. 12 noon.—Stock sale. 157 Lambton Quay, Wellington, 1.30 p.m — Sale of typewriters (Johnston and Co.). Manners Street. Wellington, 2 p.m.—Salo of poultry (Wheatley and Co.). NAPIER WOOL SALES 80 PER CENT. SOLD I . By Telegraph—Press Association. Napier, July 8. At the fourth wool sales to-day, Bradford and. colonial buyers were tlio chief operators. Prices ranged from the B.A.W.R.A. rates to 10 per cent, better, in isolated cases averaging perhaps 5 per cent. Pieces were neglected. Best lambs brought 6Jd. to 7d., line crossbred up to 6d., and medium up to lt is estimated that SO per cent, of the offering of 6620 bales was sold. 80 PE® CENT. OF OFFERING SOLD. By Telegraph—Press Association. Napier, July 8. At tho wool sales to-day 6620 bales worn offered and about 80 per cent. sold. Buyers were chiefly- representative of Bradford! anti tire Continent. The absence of American competition resulted in good wools falling in price a lialfpenny to three-farthings compared with last sale. Prices generally wore on parity with the May sale, some classes declining slightly and others improving. The rates generally compared favourably with those realised at Wellington. Following is the range of prices:— Merino. —None offering. Southdown, 12jd.; 50’s to 56’s halfbrad super, lid. to Is. 2d.; medium, none offering; inferior, Gid.,; 48’s to 50’s, super, sd, to Gid.; 46’s to 48’s, good, 41-d. to 6d.; 41 's to 46's, super, sd. to 53d.; medium, 3jd. I to 43d.; 40’s to 44’s, good, 4d. to 4J-d.; I medium, 3d. to BM.; SG's to 40’s, good, I Sid. to 4id.; medium, 2id. to 3d.; in- | ferior (dingy seedy), 2d. to 211.; hoggets, 46's to 48’s, good, Gd.; hoggets, 44’s to 4G’s good, sd. to Sifl 1 .; lambs, 46’s good, 7d. to Bid. Lambs, 44’s to 4G’s, medium, sd. to GJd.; lambs, inferior and seedy, 2d. to 44d1; bellies and pieces, good, 3d. to 33d.; medium, 2d. to 2jdi; inferior. Id. to 2d.; crutohings, good, 3d. to 33d.; medium, 2d 1 , to 23d.; inferior. Id. to 2d.; locks, Id. CANTERBURY MARKETS By Telegraph—Press Association. Ch.ristchurso, July 8. Oats are scarcely so firm as they were a fortnight ago, although values remain practically tho same. Tho xoplanation of the lack of inquiry is probably the breaking of tho drought in England. Tho jx>tato market is weaker. Over-consigning from Canterbury is depressing the market in Auckland. Quotations for spread! delivery have receded' to £3 15s. f.o.b. 5.1., which is practically equal to X2 10s. per ton at country stations. Another factor is that tho later dry crops are turning out better than the early ones. There is a brighter tono in the seed market. Dressed white clover has been a medium of business at 1905., equal to Is. 2d. Io Is. 3d. undressed. Cowgrass, dressed, has bean sold at 955., equal to about Bd. per lb. undressed. Linseodi has been selling to a slight extent at reduced values. Quotations axe up to £l2 for good average quality andi _CI3 for very gr.od. LONDON MARKETS The New Zealand Loan and Mercantile Agency Company, Ltd., have received tho following cablegram from their London house under date July 6:— Tallmv.—We quote present spot values for the following descriptions: — Fine mutton, £1 16s. per cwt.; good beef, .61 17s. Gd'.. per cwt.; mixed, dll 9s. per cwt. Frozen mutton, 5Jd. to Bid. per lb. Frozen lamb, Is. Ijd. per lb. Frozen Beef. —Price unchanged; market slow. (Last quotations, hindquarters sjd„ forequarters 3ild. per lb.) New Zealand buttor, T 9 lGs. per cwt. Market firm with upward tendency. Cheese. — Good demand'. White, £5 15s. per cwt.; coloured, .£5 10s. per cwt. Messrs. Dalgety i.nd Co., Ltd., report having received the following cablegram from their London house under date of July 6:—"Tallow —1900 casks offered and 1200 casks sold’. Market irregular. Since our last wire mutton tallow prices aro Gd. higher. Good colour mixed and beef prices unchanged, low and inferior descriptions 6d. lower." SYDNEY SHEEP SALES (Rec. July 8, 9.30 p.m.) Sydney, July 8. At. tho sheep sales two merino special stud rams were bought for 575 and 500 guineas respectively.—Press Assn. COMMERCIAL ITEMS INVESTMENT SHARES.

BONUS ON D. 1.0. SHARES. The directors of the Drapery and Gencrnl Importing Company of New Zeeland have decided to distribute out of the reserve fund the sum of .£53.977 15s. as a. bonus amongst the holders of ordinary shares in the. company's capital, and to capitalise the same. This distribution will be effected by the declaration of a bonus of ss. per share on fully pc.*d up ordinary shares, and of 2s. 6d. per fl.'rrn." on ordinary shares which are only parti up to ss. The bonus will not bo paid In cash, but will bo satisfied by iesuing to the holders of fully-paid shares one near rj'aro fully paid up to 10s. for every complete two sl’.ai;cs now held and by crediting 2a. 6<l. per share to nil shares now paid up to 55.. thus making thtso last-mentioned shares paid up t > 7s. Cd. per share. No cash payment will bo necessary, ns the payment, of the (alls will be provided for as stated above CUSTOMS REVENUE. Customs revenue collected nt, the port <-f Wellington yesterday totalled £2439 19s. lid. LONDON TALLOW SALES Australian-New Zealand Cable Association. London, July 6. At the tallow sales to-day, 1930 casks were offered, and 1250 were sold. Mutt*»,

fine, 365. 6tl. per cwt.; medium. 345.; beef, fine. 425.; medium. 355.; good mixed. 355. per cwt. MELBOURNE PRODUCE MARKET. By Telegraph—Preen Association—Copyright Melbourne, July 8. Barlev. 4s. 6d. to 4s. 7Ad. per bushel; Cape, 3b. 4d. to 3s. 6d. Oats, 2s. 6d. to 2s. Bd. Potatoes. £3 10s. to £5 per ton. Onions, £3 io £3 10s. per ton. DECLINE IN HIDES. Melbourne, July 8. The hides market has declined fully a halfpenny, except for kips and special etouts, which remained unaltered. EXCHANGE RATES. Australian-New Zealand Cable Association. (Rec. July 9, 0.30 a.m.) July 7. Foreign exchange rates on London are quoted as follow Parts, 46.68 francs to £1: Stockholm, 17.02 kroner; Christiania. 26.33 kroner; Copenhagen, 22.20 kroner; Berlin, 2.79 marks; Montreal. X2l dollars; New York. 3.704 dollars; Calcutta. 15.3-l-sd. to rupee; Yokohama. 30{d. to yen; HongKong, 31id. to dollar.

Yesterday’s quotations for investment shares were as follow:— Buyers. Sellers. £ 8. d. £ s. d. Inscribed Stock. 83 0 0 — Inscribed Stock, 1958 83 2 6 83 5 0 Inpcribed Stock, 1933 91 0 0 91 10 0 Honda, 1939 83 0 0 Bonds, 1938 83 7 6 — Bank Australasia 8-2 10 0 —• Bank New South Wales 32 10 0 33 5 0 Par* New Zealand 2 8 9 2 9 6 Union Bank 12 15 0 12 19 0 Goldsbrouph Mort 1 8 6 — National Mortgage (cum.) 3 0 0 — Wei. Investment — 0 10 0 Well. Gas (£10) — 10 0 0 Well. Gas (pref.) — 0 16 0 National Insurance 3 0 0 3 3 0 New Zealand Insurance 1 9 9 1 10 6 South British Insurance — 1 16 6 Standard Insurance 2 6 6 Refrigerating (10s.) 0 15 9 Gear Meat — 1 13 0 Huddart-Parker (ord.) ... 2 4 0 2 4 6 Huddart-Parker (pref.) . .. — 0 19 0 Kai apo i Woollen —— 1 6 6 Tauniri Coal __ 0 17 n Waipa Coal 0 14 6 -— Levland-O’Brien 1 9 0 1 12 6 '('aranfrarnut’i Totaim ... —- 1 8 0 Paper Mills (rights) 0 1 0 — W.-.ir.'.rapa Farmers - — t) 18 b Wilson Cement 0 14 3 0 t4 9