FARMING & COMMERCIAL

Dominion, Volume 14, Issue 248, 14 July 1921, Page 8

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. Paraparaumu. 1230 p.m.—Sale of stock and implements (Abraham and Williams). 157 Lambton Quay, Wellington. 1.30 p.m.— Salo of unredeemed pledges (Johnston and Co.). Dominion Avenue, Wellington, 1.30 p.m.— Furniture sale (Vino and Wilson). Johnaouvillo Yards, 2 p.m.—Stock sale. TO-MORROW. Clifton Terraco, Wellington, 10.30 a.m.— Sale of timber (Johnston and CO.). 141 Manners Street, Wellington, 1 p.m.— .Sale of overmantles and mantlepieces (Whatley and Co.) 157 Lambton Quay, Wellington, 1.30 p.m.— Furniture sale (Johnston and Co.). SATURDAY. Main Road, Lower Hutt.—Furniture sale (H. E. Leighton). FARMERS 7- UNION WHY IS IT NOT A SUCCESS? (From Our Own Correspondent.) Palmerston North, July 13. Mr. N. Campbell presided over a large meeting; of tho Kauwhata branch of the Farmers’ Union last evening, when Mr. F. W. Hubbard, who has just retired from tho presidency of tho Manawatu Sub-Provincial Executive, was present, and gave an address on matters concerning the welfare of the union. In tho course of his remarks, Mr. Hubbard congratulated Kauwhata ion being one of the liveliest branches connected with tho sub-provincial scheme, and expressed regret that many of the other branches did not follow its example. A great deal could bo accomplished in tho interests- of tho farmers if they only combined, and it wag to the interest of every farmer to join the union. He pointed out that since its inception the sub-provincial had done a great deal on its own account without asking for tho assstanco of the provincial branch to which in times gone by everything had to be referred. That body, which was really the backbone of the union, having nearly a thousand members on its roll, was at present hampered in its work by want of funds, as fully half of last year’s subscriptions were still outstanding. This was in a measure duo to the fact that branch delegates did not attend tho meetings of the executive, and consequently they had nothing to put before their branches, and this had resulted in a waning of interest amongst tho members and some of the branches were dying out. He also considered that, a good deal of enthusiasm in the union was damped by resolutions passed by the Dominion and provincial executives. Something should be done to cause members to take a greater interest in tho affairs of the union, which existed entirely for the welfare of farmers. He was satisfied that it was to tho interest of every farmer to join tho union, and then when matters required improving in any particular direction they would be able to present a united front. Ho was, however, opposed to the union entering into politics as had been suggested in some parts of tho Dominion.

Mr. A. Bond stressed the point that now, if over, was the time for the farmers to be united so that they could approach the powers that be with weight behind them to demand their rights. While the farmer had plenty everybody had plenty, but when tho farmer was down everybody else was in tho same position. A .lumber of men were nowwalking off their farms, and many more would do so shortly unless tho Government came to their assistance. It was true that they had tho moratorium, but how long would! that last? They had to admit that tho Government was largely to blame for tho state of affairs which now existed. They had allowed a land boom to exist and properties had changed hands at inflated values which wore not really on the productive basis of tho land, with tho result that many mon on such lands were unable to meet the high interest, and they were going down. When they were faced with such dangers tho farmers' should be ready to meet them. Referring to freights which it had been said tho union was out to keep down, Mr. Bond pointed out that during the past month an additional charge of over 2s. per cwt. had been put on the freight of coal. This was a matter of great importance to tho farmer, both from a domestic point of view and from th© point of view of thoir being shareholders in dairy factories. which required a considerable quantity of coal. It was strange that no comment on this had appeared in any of tho newspapers. However, when tho miner asked for an extra sixpence per ton for delivering coal at tho pit’s mouth, the wholo country rose up in protest. Mr. Bond 1 urged that if the people wanted to progress they must give a fair deal to the minors. • They should play tho game, and be fair to both sides. As farmers and a body which should have some power they should have a say in matters such as these, and should combine in an endeavour to keep down freights. If semething was not done to alter tho state of things he prophesied thnt tho next instalment of the war indemnity would be paid by the meat men and others of Now Zealand instead of by tho Germans. These foreigners were operating freely on the London market, and wore buying tho wool which some unfortunate producers wore compelled to let go in order to endeavour to keep geing. Ho considered it likely that the Germans, who wero manufacturing rapidly, would next season, bo underselling tho British producers. If that wero so the farmer, who should bo receiving tho benefit of his labours, would be paying tho debt. It was only by unify that tho farmer could gather strength to fight the iniquitous positions which wore arising. Mr. Hubbard said he was quite in accord with Mr. Bond’s remarks'. Much had been said by tho Farmers’ Union against Labour, but he ventured the opinion, that they had had just as much to contend with in connection with organised Capital as was the case with red-hot Labour. What were meat trusts, shipping companies, and other combines but organised capital? One section of tho community had as much right to organise as others. Mr. Latham expressed tho opinion that Labour was responsible for most of tho troubles, whilst ho admitted that tho Government had set tho example in tho matter of high-priced lands, but could it bo expected to rush to the assistance of those xvho had followed on tho same lines? Tho Government was wrong in that it had) controlled the markets end deprived the farmers of the prices they hud a right to expect, while now it had let tho farmers down by failing to control tho money markets. If Labour would do a fair day’s work for a fair day’s pay things would be much improved. Tho chairman suggested that if the farmers had a financial union like those of Labour they would be able to hold their own.

In tho course of a general discussion ns to the best manner of increasing interest in the union, Mr. Bond suggested that as labourers and artisans wero compelled to join a union in certain classes of trades, the Government should bn asked to pa-ss regulations compelling every man who held deeds of land to liecome a member of the Farmers’ Union.

The chairman suggested that tho best method of increasing membership was to request tho Government to give preference to members of the union in tho matter of export, as under such n scheme factories, if they co-opexated with the farmer in tho matter, would not accept

the products of non-unionists. If. was eventually decided that this would be au effective measure if practictble, and Mr. Campbell was requested to bring the suggestion before tho Sub-l’rovincial Executive at its next meeting. WOOL SALES IMPROVED COMPETITION AT LONDON. (llec. July 13, 1fi.30 p.m.) London, July 12. There was an improved attendance and better competition (t to-day’s free wool sales. Germany again bought freely. Tho withdrawals were negligible, holders bein'g inclined to meet the market. Best morinos sold well at ye.rteruay’s full rates. Other merinos and crossbreds wero unchanged. The Whare clip, .New Zealand. made up io fid. per lb., and ITveraged 6d.—Aus.-N.Z. Cable Assn. BETTER DEMAND FOR CROSSBREDS AT' MELBOURNE. Melbourne, July 13. There was good general competition at the wool sales fo-dr.y, but prices showed a distinctly easier tendency. Crossbreds were in better demand. All the wool offered was cleared.—Press Assn. The New Zealand Farmers’ Co-opera-tive Distribufing Co.. Ltd., report having received the following cablegram from their London office; "Woo! sales opened to-day, only B.A.W.R.A. offered, free wool to be offered to-morrow. Prices irregular. Merino fine crossbred 71 per cent, to 10 per cent, lower; medium crossbred coarse, 10 per cent, lower. - Messrs. Levin and Co., Ltd., have received the following cablegram from their London ngents, dated July 11:— "Wool sales have opened. As compared with last series merinos aro Ijd. per lb. lower and crossbreds Jd. per lb. cheaper." The Wairarapa Farmers’ Co-operative Association, Ltd., have received the following cablegram from their London agents under date July 11: "Woo] sales opened to-dav and were, well attended by Home and Continental buyers. Fine medium and coarse crossbred declined 7i per cent, to 10 per cent., compared with closing rates of previous sales.” Messrs. Murray Roberts and Co. yesterday received a cablegram from their London friends. Messrs. Sanderson, Murray and Elder, Ltd., dated July 11, reading ns follows:—Sales opened with B.A.W.R.A. offerings, good attendance of buyers, fair competition, principal buyers Continental buyers. Compared with lari London sales’ closing rates, merino fleece declined 10 per cent.; merino pieces declined 5 per cent.; crossbred declined 10 per cent.” The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London bouse under date July 11: "Wool sales: There was a fair attendance at the opening of the sales, competition by buyers bein" fairly active, and prices, as compared with the close of preceding series ruled about 10 per cent, 'lower for crossbred wool and ri per 'cent', to 10 per cent, lower for merino. The opening catalogues were fairly representative.” DEPORT FROM BROKERS. The Bank of New Zealand lias received th© following advice from its London office under date July 11: “The sales have opened dull with M irregular demand. B.A.W.R.A. wools are being offered Prices for all classes of wool have' declined 71- per eent. to 10 per cent.” MASTERTON A. AND P. ASSOCIATION BUSINESS AT MONTHLY MEETING. By Telegraph—Special Correspondent Masterton, July LT The monthly meeting of the General Committee of’tho Masterton A. and P. Association was held to-day. Mr. \v. H. Buick presiding. The New Zealand Sheep Breeden Association wrote, stating that it had decided to. donate a gold medal for the best two-tooth ram exhibited at tho next show. A letter was received from the New Zealand Hereford Breeders’ Association stating that a gold medal, valued at £6 65., has been given for the best yearling Hereford bull exhibited at the forthcoming Mastertoil Show. .It was decided to accept these trophies and to write thanking the donors. The Hon. G. J. Anderson (Minister of Labour) wrote informing the association that its suggestion that r. system of perm'anent employment (should Im adopted on the waterfront, would receive the attention of the Government. The New Zealand Pig Breeders Association forwarded the following resolution- "That it be a strong recommendation to all A. and F. Associations that no pigs be. allowed to be shown m pedigree classes unless the animals are registered in the Pig Breeders’ Association a Herd Book or are eligible for reglstration” —Tho secretary was instructed to inform the Pig Breeders’ Association that there were no classes for pure ired pics at tho Mastertan Show. Tho treasurer reported that the receipts during the year amounted to .£■1444 2s. 7d., and tho expenditure to £4503 13s. 9d., leaving a debit balance on the year’s working account of 11s. 2d. The debit balance at the bant: was ”.22412 Bs. 4d. Among Ibo association’s assets were 100 sheen valued at -£4t fts., and new plant valued at .£l7 New Zealand Tisnrance Company wrote informieg the association that it had paid JISOQ to the Public Trustee in connection with the death of the late John Kilminster, formerly caretaker of the showgrounds. The. secretary (Mr. R. H. was given permission to attend the forthcoming A. and P. Conference m Wellington. ADDINGTON STOCK MARKET BIG YARDING AND EASIER VALUES By Telegraph—Pre.®? Assnciatlnn Christchxtrch, July 13. At the Addington market to-dav there was a big yarding of practically all classes of stack, particularly beef and mutton, and an easing m values. Store Sheep—A fuller entry than for eonie sales. Good quality sheep particularly breeding cwro. sold weH, but inferior’sorts met a dragging snle l air 4 and 6-tooth wethers realised J6s. to IBs fid.- ordinary. 13s. fid. to 15s. fid.; 2-toOths, 12s. Io 14s Gd.; good 4 and fi-tooth owes, m lamb, -ss. io -G . fid.; fair, 205.; good «nd failing mouthed ewes, in Jamb. 1..5. 6d. ta IGs fid.: forward hoggets. Us. to 1-S. Gd - ordinary. 7s. fid. ta ins. fid.; good owe hoggets, 13s. to IU. inferior, 7s. Gd. to Bs. fid.; cull, 2s. lOd. .to B I’M Sheep.—There wan a fall in values nf about 2s. per head. Show Down wethern realised 51s. to fits.; extra prime wethers, 275. to 335. 2d.; prime 225. to o£,h • medium. 18s. to 21s. 3d.: light and unfinished. Its. fid. to 17s. ; ,d ’’ sh ™ Down ewes. 415.; prime ewes JBs to 0.5-- 4d.; medium. 14s. 3d. to 17b. 9d., light and unfinished. 10s. to Us.; hoggets 12e. to 17s. Id. Fat Cattle—A big yarding of 4<o head and values were down about 30s. to 4(N. ner head. Extra prime stecin realised PO4 o g Gd.; prime, <£l4 to «£lB 12s. 6d.; medium, XlO ta JCI3 M.; light and inferior JlB ss. to .£9 155.; extra prime heifers, .£lB 12s. Gd.; prime, .£9 ss. to jCll 12s. Gd.; ordinary, £7 to dS 2a. Gd.; extra prime cows, JCIG 55.; prime, -28 to JBI3 5b.; ordinary, X 4 10s, to £7 ss.

Venters.—All of good quality sold well. Runners realised 416 17s. 6d.; good vealors, Jl4 to £i 15«.; medium, .£2 10s. to .23 17s. 6d.;.’small .£1 to A2 7s. Gd. Store Cattle. —A small entry and a brighter market. Three-year steers, .25 15s. to £7 12s. fid.; 2-year steers, £4 to Jl4 17s. 6d.; yearlings, 355. to £2 10s.; medium to good cows, £2 10s. to £4 155.; inferior, 20s. Dairy Cattle. —Second and third catvers, £2O 55.; good first calvers, £l5 155.; ordinary to good springers, £8 to £l3 10s.; inferior cows, 30s. to £4 10s. Fat Pigs.—A firmer demand. Choppers, £5 to £8 155.; light baconers, £4 1.55. to £5 IGs.-. heavy, £6 to £0 15s.> extra heavy, £7 ss. to £7 15s. (average price per lb. Bld. to 8?d.); light porkers, £2 15s. to £4 55.; heavy, £3 10s. to £4 ss. (average price per lb., lOd. to 101 d.). Store Digs.—A keen demand modinn-. Stores, £2 2s. to £2 125.; small, £1 12s. to £2; weanere, 15s. to 205.; sows, in pig, £7 2s. Gd. BURNSIDE STOCK SALE VALUES DECLINE IN FAT STOCK CLASSES. By Telegraph.—Press Association. Dunedin, July 13. All departments of fat stock were well supplied at Burnside to-day. Sheep and fat cattle in particular were sent forward in large numbers. There was a decline in values of all classes of fatstock, with the exception of pigs. Fat Cattle. —309 head were yarded, tho quality 'being good. Owing to the largo supply, prices were easier by 255. to 355. per head on prime cattle, while medium and inferior sorts suffered to a still greater extent. Prime heavy bullocks made from £lB 10s. to £2O 7s. Gd.; prime, £l5 15s. to £l7; light and unfinished, from £10; cows, from £8 to £lO 55.; light £6: nrime heifers, £l3 to £l5; medium, £l6 to £l2 10s. Prime /ix beef was worth up to 41s. per ICO pounds; medium ox beef, 355. to 375.; cow beef, 20s. to 235. Sheep.—A largo yarding of fair quality, numbering 3112 head. Competition was fairly brisk. .Medium weights and inferior classes were sold at prices about on a par with last week’s rates, but prime heavy-weight sheep were weakpr by Is. per head. Extra prime heavy-weight wethers realised from 28s. Gd. to 325. 3d.; prime. 235. to 275.; medium, 18s. to 225.; light and unfinished sorts, from 15s. upwards. Extra prime heavy-weight ewes realised up to 245. 3d.; prime, 18s. to 21s. Cd.; medium, 15s. to 175.; light and aged, from 12s. upwards. Prime wether mutton was worth from 3Jd. to 3Jd. per lb., ewe up to 3d. Lambs.—A medium yarding, numbering 1376 bead. A good proportion of the yarding lacked finish. Prices for good quality were equal to last week’s rates, 'but light and unfinished sorts were easier. Ereezinbuyers were evidently operating on the basis of 61d. per lb. Values ranged from 14s. 6d. to 255. per head. Store Cattle—A’ full yarding, several lions of which were filled with cattle in. for.wt'Hl condition «nd showing good breeding. Competition was good for this class and the prices realised were several shillings per head in advance of late rates. Backward conditioned and inferior sorts were more difficult to place. On the whole, the market had (i healthier tone., ... i Pigs—4. small yarding was offered, whicii met with keen competition, and tho prices realised were well up to Inst week’s rates. Best baconers realised from B’d ’ to BJd. per lb., and best porkers from Sid. to fid. per lb. WANGANUI WOOL SALE Messrs. Murray. Roberts and Co., Ltd in conjunction with Smith. Webster nna Co report ns follows on tho Mangaiiin wool sale:-"For tho third sa’e «nr catalogue consisted of 279 bales. Ihe bulk of tho wool catalogued consisted of medium crossbred, there being very few lots of finer crossbred wool shown. Competition was fairly keen up to a certain point for the better class of wool. Compared with Iho recent Wellington sale, and taking the condition of the wool into account, prices may lie quoted about a farthing a pound down for fleece wools. Crossbred pieces were fully a pennv below Wellington. The lambs wool offered was very poor quality on the whole, mo<t lots showing seed and off in colour. There was very htill' demand. The bulk of the wool was taken by the Bradford operators Vie sold 90 per cent, of our catalogue at auction. COMMERCIAL ITEMS INVESTMENT SHARES. Yesterday's quotations for investment

CUSTOMS REVENUE. Customs revenue collected at the nort of Wellington yesterday totalled £25»6 15s. 3d. FALL IN NEW YORK EXCHANGE RATE. Australian-New Zealand Cable Association London, July 12. The fall in the New York exchange rate to 3.63 dollars to £1 was not unexpected, although the amount is greater than was anticipated. It is attributed to tbe autumn grain, cotton, and other seasonal requirements of America itself. BANK SHARES. (Rec. July 14, 0.20 a.m.) London, July 12. Among the latest, quotations on the Stock Exchange are the followingßank of Australasia. £7B 10s.: Bank of New South Wales, £3O; Union Bank. £l2 2s. 6d.; Bank of New Zealand, £2 3s. 9(1. (ex aividend). COUGHS AND COLDS. GOOD HOME-MADE REMEDY. (By a Qualified Chemist.) Never neglect a cold. Tackle it right at the start. Colds neglected leave the lungs weak; then serious chest trouble, such as bronchitis, asthma, or dread consumption makes its appearance, and the trouble becomes much more difficult io cure. , Here is a recipe easily prepared at home that gives relief and comfort from the first dose. It cuts phlegm, soothes inflamed throats, and stons a cough or cold in a way that surprises folk. You can feel it doing good all tho way down. Obtain from vour chemist or store abottle of HEENZO (Hcan’s Essence): take home arid mix with "’ater and sucar as per ivisv directions. This will giro you a pint of the finest cough, cold and sore throat remedy you can obtain. Even whooping cotlvh ig. promptly relieved by it. It will also save money for your pocket. HEENZO (Henn’s Essence) is sold by most chemists and stores at 2s. Gd. a bottle, but if not obtainable in your district will bo posted promptly on .receipt of price by O. 4V. Hean, Chemist, 12 Egmont Street, Wellington. Wherever you buy, be. sure you get HEENZO, the original and genuine cough mixture essence. —Advt.

Tlie Alexander is due from Nelson on Tuesday, and will sail the same day or on Wednesday for Nelson. Westport, and Greymouth, taking cargo for the latter two ports.

shares were as follow: Sellers. . £ s. d. £ ». d. Inscribed Stock, 1958 ... 83 0 0 — Inscribed Stock. 1935 91 0 0 War Bonds, 1938 83 0 0 War Bonds. 1933 91 0 0 5 n.c. Bonds and Inscribed Stock, 1927 91 10 0 ■ Bank Australasia 83 10 0 Bank New Zealand 2 7 6 2 8 0 Union Bank — 13 1 6 Well. Investment o io n Auckland Gas 1 1/3 119 Well. Gas (£10) — 9 17 6 National Insurance — 3 10 New Zealand Insurance — 19 9 N.Z. Refrigerating (10s.) 0 15 0 0 16 0 Gear Meat 1 It 6 1 13 0 Iluddart-Parker (ord.) ... 2 4 3 2 5 0 Kaiapoi Woollen — 16 3 Taupiri Coal — Westport Coal 17 3 Westport-Stockton (pref.) 0 9 6 0 11 0 Tnringamntu Totara 17 6 Burns. Philp 19 0 Howard Smith 1 19 6 Paper Mills — 13 0 Paper Mills (rights) ... 0 0 11 0 12 Wair.irapa Farmers (pref.) — 0 18 t