FARMING, & COMMERCIAL

Dominion, Volume 14, Issue 260, 28 July 1921, Page 8

FARMING, & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. TODAY. Kimberley Road. Levin, 11 a.m—Salo of dairy stock (Iliilgety and Co.). 130 Featherston Street, Wellington, 2 p.m. —Salo of opossum ekius (Bruce and Co.). TO-MORROW. Ilawcra—Horne Fair (Morrissey and Co.). 15-17 Blair Street, Wellington, 12 noon.— Salo of wheat, potatoes, etc. (Wallace and Co.) SATURDAY. Cuba, Street. Lower Hutt, 1 p.m.-Salo of property and furniture (11. L. Leighton). FARMERS 7 " UNION dominion conference VARIOUS REMITS 'The annual conference of the New Zealand Farmers’ Union was resumed yesterday morning. The president (Mr. G. AV. Leadley) occupied the chair. Mr. .1. Clellnnd (South Canterbury) moved: “That this conference recognises the difficulties that soldier-settlers have been put to through the financial stringency. and recommends the Government io extend to them every assistance possible during tho difficult period.” The remit was carried unanimously. Land and Incomo Tax. Air. AV. AV. Mulholland (Darfield) moved: "That tho present double taxation of persons deriving their living from tho land is unjust, and that the only fair wav of assessing taxation is on income.”—(North Canterbury.) It was objected by several delegates that the remit tended to remove one of the means of ensuring that land was not aggregated, and that it was kept in useful occupation. Mr. AV. D. Lysnar, ALP. (Gisborne) moved (ho following amendment: “That tho present double taxation of persons deriving their living from the land is unjust, and this conference suggests that if the double system is to bo retained provision should be made for the amount of land tax paid to bo deducted from the income tax?* Mr. W. J. Polson (Wanganui) said that Mr. Lysnar’B proposal, if carried out, would place the aggregator "in clover.” Air. Lvsnar’s amendment was lost, and tho remit was lost also. Assistance for Producers.

Air. 11. J. Staco (Blenheim) moved: "That tho Government bo urged, in conjunction with the banks, to reserve all possible assistance for tho producers in the country in the difficult times ahead.” Air. Staco said that the financial stability of the Dominion depended upon tho financial stability of the farmer. If there was any money to be had from tho banks, first consideration should be given to tho fanner. Tho money ot the banks should not be used for the importation of great quantities of goods that were to-day lyi n l? idl e - ~ “Wo have to take the good and the ill with tho rest,” said Air. AV. D. Lysnar. "Conference would be ill-advised to pass this remit. In my opinion, the banks are doing their best to assist tho farmers. I suggest to tho mover and seconder that they withdraw it. The remit went at once to a vote, and no voice was given in favour of it. State-aided Shipping.

Air AV. J. Polson (Wanganui) moved the following remit: “That this conference is in favour.of a State-aided Dominion Shipping Company. Mr Polson explained that the matter was at present in the hands of the Producers’ Committee, and that tho details of what had so far been done wore confidential. He suggested that tho remit should bo passed, and sent on to the committee. . t “It simply strengthens the nancls or the Producers’ Committee,” said Mr. T. Moss. "We should show the committee that this conference is in favour of tho scheme.” Air. AV. B. Alatheson would have preferred open dealings with the scheme. Ho did not believe that anything was to be gained bv secrecy; but as the matter had been begun secretly he did not consider it advisable to ask for more information at tho moment. Air G. L. Alarshall said Cabinet had req nested that tho details should be treated as confidential. The debate on the motion was interrupted bv the arrival of the hour for adjournment. It will be resumed to-dav. Miscellaneous. The following remits were carried:— "That the Fanners’ Union adhere to the principle that, taxation through the Customs should bo for tho purpose of raisinu revenue, and not lor protective purposes.”—(Taranaki.) “That no industry or manufacture should receive favoured Customs treatment especially that which is by its nature exotic, artificial, or limited in its scope of operation."—(Auckland.) “That this confcrcaice reaihrins the principle that no form of protection _be provided through the railway tariffs. — (Auckland.) , "That the Government be urged to abolish tlie duty on imported timber, ami that the railway freights on same be brought into line with rates ruling for New Zealand timber.”—(Wellington and AVairarapa.) . "’That this conference is opposed to the. establishment of a State bank, but is of opinion that some form of co-oper-ative agricultural banking suitable to eonditimis in New Zealand, should instituted as speedily afl possible. — (Taranaki.) ■ The following remit was lost: Unit as tho United States Government has passed a Tariff Bill which practically means an embargo on all primary products of this Dominion entering their country, this conference urges the Government to pass a retaliatory measure aaainst all manufactured^ articles imported from the States i *'r-(Nelson.) LONDON MARKETS HIGH COMMISSIONER’S CABLED REPORT. The Deportment of Agriculture has received the following cablegram, dated July 23, f’Oin O'® Commissioner for New Zealand, London:— Meat. Market shows no material alteration in price or conditions. Demand continues good for lamb and model ate tor hghtweTglit mutton. .11 eayy-weight niut on and beef difficult to sell. Somewhat weaker tone for mutton owing to plentiful supplies second-class quality Argentine. Quotations are: —JSeu’ Zealand mutton, light-weight:—July 23, Rd., Bjd.; July 15. Bjd„ 9d.; July 9,81 d., BJd. Now Zealand mutton, heavy-weight:—July 23, Gd Gid.; July 15. Gd„ 7)d.; July 9, Cd., 71d. New Zealand lamb, new season s — July ”3, Is. W., Is- 2d.; July 15, Is. Id., Is ‘2d.; .Tilly 9, Is. lid.. Is. 2d. New Zealand beef, ox, first-class quality July 23. hinds 6<i., fores 3jd.; July 15, hinds Yd., Old., fores Id., 41<i. ; July 9, hinds (id., fores Id. Now Zealand beet, inferior quality and cow, quotations nominal, 3ld. to kl. per lb. for sides, but tow sales mode. Chilled beet, in fair demand:—July 23, hinds 10d„ lid., fores s<l. July 15, hinds lid., fores 5d.; July !l, hinds lid., fores sd. Retail meat prices are ns follow: —Alntton: July 23: loos—English 2s. Gd.. per lb., imported ls°sd per lb. Loins—English 2s. 9d. per lb imported Is. 2d. per lb. Shoulders—limdisli Is. 3d. per In., imported Is. 3d. per lb. June 18—Legs—English 2s. 7d per ll>.. imported Is. sd. Jxiins— English 2s. 9d. per lb., imported Is. per 11>. Shoulders—English 2s. 4d. per lb.,

imported' Is. 3d. per lb. Lamb: July 23: Logs—English 2s. 9d. per lb., imported Is. 9)d. per lb. Ixiins—English 2s. lid. per lb., imported Is. 9Jd. per lb. Shoulders—English 2s. 7<l. per lb., imported Is. Sid. per lb. Juno 18: Legs— English 2s. 10d. per lb., imported Is. 9Jd. per lb. Loins—English, 2s. lid. per lb., imported Is. 9d. Shoulders—English 2s. 7d. per lb., imported Is. Bd. per lb. Beef:— July 23: Sirloin—English 2s. 4d. per lb., imported Is. 3d. per lb. Riljs— English 2s. 2d. per lb., imported Is. 3d. per lb. Steak—English, 3s. 4d. per lb., imported 2s. per lb. June 18: Sirloin— English 2s. 3d. per lb., imported Is. 3d. per lb. Ribs—English 2s. 2d. per lb.. imported Is. 3d. per lb. Steak—English 3s. 3d. per lb., imported Is. lid. per lb. Butter. Drought continues to affect Home supplies and further advance in price has taken place. Danish:—Supplies have declined seriously. July 23: 2665. to 2705. per cwt.; 2s. 41-d. to 2s. sd. per lb. July 15: 2125. to 2445. per cwt.; 2s. 2d. per lb. July 9: 2145. to 2245. per cwt.; Is. lid. to 2s. per lb. New Zealand-.—First and second grade. July 23- 2595. to 2625. per cwt.; 2s. 3}d. to 2s. 4d. per lb. July 15: 2215. to 2265. per cwt.; Is. llj/d. to 2s. OJ-d. per lb. July 9: 1935. to 200 s. per cwt..; is. 81d. to Is. 9Jd. per lb. Australian:— First and second grade. July 23 : 2395. to 2415. per cwt.; 2s. ltd. to 2s. IJd. per lb. July 15: 201 s. to 2045. per cwt.; Is. 91-d. io Is. 93d. per lb. July 9: 1725. to 1765. per cwt.; Is. Gid. to Is. 6}d per lb. Free Australian, 2205. to 2455. per cwt., Is. HJd. to 2s. 2)d. per lb., according to grade. Argentine:— July 23: 2175. to 2305. per cwt.; Is. llld. to 2s. OJ-d. per lb. July 15: 1725. to 181-s. per cwt.; Is. 61d. to Is. 7Jd. per lb. July 9: 130 s. io 160 s. per cwt.; Is. 2d. to is. sd. per. lb. Free Argentine, finest, 2145. to 2245. per cwt.; Is. lid. to 2s. per lb. Government ex store price:— July 22 to 28: New Zealand, 2575. per cwt., 2s. 3Jd- P cr lb.;, Australian, 210 s. per cwt., 2s. IJd. per lb.; Argentine, 2255. per cwt., 2s. per lb. July 15 to 21: New Zealand, ditto; Australian, ditto; Argentine, <litto. July 8 to, 14: New Zealand, 2205. per cwt., Is. HJd. per lb.; Australian. 200 s. per cwt., Is. 9id. per lb.; Argentine, 170 s. to 185 s. per cwt.. Is. «{d. to Is. 7-Jd. per lb. Cheese, Market quiter. English supplies very short, and finest farmers’ 1455. to 150 s. j>er cwt., Is. 3j-d. to Is. 4d. per lb. Canadian —July 23: AA'hite, 1305., 1345. per cwt., Is. 2d., Is. 2Jd. per lb. Coloured, 1305., 1345. per cwt., Is. 2d., Is. 2}d. per lb July 15: White, 128 s. 1345. per cwt., Is IJd.,* Is. 2£d. per lb. Coloured, 1265. 1325. per cwt., Is. IJd., Is. 2d. per lb. July 9: White, HBs., 120 s. pcr cwt., Is. Ojd. per lb. Coloured, 1145., 118 s. per cwt’., Is. OJd., Is. Ojd. per lb. New Zea-land-July 23: White, 1365., 138 s. per cwt., Is. 2Jd. ger lb. Coloured, 1305., 1325.’ per cwt., Ir. 2d. per lb. July 15: White, 1315., 1365. per cwt., Is. 2-)d. per lb. Coloured, 1305., 13-ls. per cwt., Is. 2d., Is. 2Jd. per lb. July 9: AVhite, 118 s., 1225. per cwt., Is. OJd., Is. Id. per lb. Coloured, 1165., 118 s. per cwt., Is. Old. lb. Australian— July 23: AVhite, 1285., 130 s. per cwt., Is. IJd. per lb. Coloured, 1205., 128 s. per cwt.. Is. OJd., Is. IJd. per lb. July 9: White, 116 s. per cwt., Is. Old. per lb. Coloured, 112 s. per cwt., Is. per lb. Hemp. Manila in better request and market steadier. "J” grade, June-August to August-October shipments, sold A 135 10s. per ton, which is seller’s present quotation. New Zealand market inactive and unchanged. Sellers quote high-points, spot, X4O 10s.; July-September shipment, £35; fair, .£35 and .£32 10=. -wr ton, respectively. Prices have tendency downwards. Wool. Salo continues. At the beginning of this week New Zealand crossbreds, particularly medium and coarse, showed further" decline, and withdrawals fairly numerous, principally among, faulty and inferior sorts. Later better support forthcoming From Home trade, and with Continental -buyers taking suitable lots, less withdrawals occurred, and price recovered part of ground lost. Alerinos continue in active demand. This week’s B.A.AV.R.A. offerings consisted Australian, merino, greasy 11,600 bales, scoured 2400 bales; crossbreds, greasy 900 bales, scoured 700 bales. New Zealand crossbreds, greasy 2550 bales, scoured 1850 bales, slipe 950 bales, reconditioned 300 bales. B.A.AV.R.A. has decided to reduce offerings next week by withdrawing description least in demand, but announces that limit will bo strictly maintained. No alteration is to Bo mftffo m free wool programme next week. ADDINGTON STOCK MARKET AN EASING OF PRICES. By Telegraph.—Press Association. Christchurch, July 27. At tho Addington market to-day there was an overflow yarding of fat sheep and a big one of fat cattle, so that prices eased in both sections. Store Sheep.—A big yarding, mostly of inferior quality. There was a fair demand. Good 2 and 4-tooth wethers realised 13s. to 14s. 9d., 4 and 6-tooth wethers 12s. sd. to 145., inferior 2 and 4-tooth wethers 11s. 7d. to 12s. 7d., good 4 and 6tooth ewes in lamb 20s. to 245. Id., fair 4, 6 and 8-tooth ewes 18s. Gd. to 19s. Gd., inferior 13s. to 165., fairly good ewe hogv gets 13s. Id., forward hoggets Ils., medium hoggets Bs. to 9s. 9d. Eat Sheep.—An overflow yarding. The market was irregular, but values were down on the average by 2s. to 2s. Gd. per head. Extra prime wethers realised 265. 9d. to 325. 9d., prime ISs. 6<l. to 255. 5d., medium IGs. 3d. to 18s. 3d., light and unfinished 14s. 9d. to 165., extra prime ewes 335., prime 16s. 9d. to 21s. 6d., medium 14s. to 16s. 3d., light and unfinished 11s. sd. to 13s. 6d., prime hoggets 245., medium to good IGs. 6d. to 195., ordinary 14s. Id. to 16s. 3d. Eat Cattle.—A big yarding of meflium to good quality. Beef values were down about 20s. per head compared with last week. Extra prime steers realised £23 to £26, prime £l4 to £l9, medium £lO ss. to £l3 55., light and unfinished £7 17s. Gd. to £9 155., extra prime heifers £l3 10s. to £l5 10s., prime £9 15s. to £ll Ils. (id., ordinary £6 10s. to £9 10s., extra prime cows £l3 10s., prime £8 10s. to £ll 2s. Gd., ordinary £5 15s. to £7 17s. Gd. Store Cattle—A fair sale. Four-year-old steers realising' £9 15s. to £lO 155., 3-year steers £8 2s. Gd., 2-ycar steers £4 Is. to £5, aged and inferior cows £2, forward empty cows, £3 Gs., yearling stoirs 385., bulls £2 15s. Dairy Cattle.—A weak demand. Second and third culvers realised £S to £l7 55., heifers £8 to £l6, late springers £6 to £ll 10s., aged and inferior cows 20s. to £4 10s. Eat Pigs.—A'alues were maintained. Choppers realised £5 to £8 145., light baconers £5 to £5 155., heavy £6 to £7 15s. (average price per lb., 8)d.), light porkers £3 10s. to £4; heavy £4 ss. to £4 15s. (average price per lb., 9Jd. to IGld.), Store Pigs.—An improved market. Large stores biouglit £3 to £3 10s., medium £2 2s. to £2 145., small 255. to 355., weauei'6 20s. to 235., sows in pig £7 ss.

The New Zealand Doan and Mercantile Agency Co.. Ltd., report having conducted a clearing sale on account of Mr. O. Koberstein. at the Sarrf Ihakaru, on Thursday. The re.iulhf proved most satisfactory to tho vendor. There wan present a. largo attendance of buyers, and the hcxl. which wns a. mixed one, was in splendid condition, and met with a keen demand, and the herd of spring oalvcrs made the good average of £26 2«. 6d. ner head. The quote:—July calvers. £24 10s. to £3l; August culvers, £2O to £35: several empty cows in milk, £9 ss. to £ll 10s.; two-cow milking nlant.. £105: horse, dray, and harness, £6O; light gig. £l7. On account of outside vendor, fair good dairy cows, spring calvers, £l6 to £l9.

WOOL MARKET

GERMANS TAKE ADVANTAGE OF LOWER PRICES EFFECT ON BRADFORD MANUFACTURERS By Telcsraph—Press Association. London, July 26. The "A’orkshire Observer,” in commenting on a report from Berlin to tho effect that German textile companies are enjoying the greatest boom in their history. the mills having sold the whole of their output to December, and some are refusing orders for 1922, points out that when Yorkshire was manufacturing wool was growing ever dearer; but tho Germans were then undergoing a compulsory regime of economy, forcing them to use un war-time substitute materials, thus preventing the piling up of stocks of textiles bought at boom values. Fortunately for tho Germans, they had not a. Government monopolising the purchase of the wool clips, and making a total profit of £71,000,000 thereon, as Britain had. The British Government monopoly prevented Germany buying wool during the post-war boom prices. Now she is reaping the advantage, filling her warehouses with the cheapest wool since 1914. which Yorkshire, owing to losses on the boom-priced stocks, the coal strike, and general depression, was unable to buy. Germany had access to cheap free wools. But if wool should continue to fall, and Bradford have an opportunity of replenishing stocks at prices comparing favourably with tho Continent’s recent purchases, then B.A.AV.R.A.. aided by the Australian panic legislation, will say this must not be allowed. In the meantime, Mr. Hughes is stated to be attempting to engineer Hie removal of B.A.AV.R.A. wool altogether from the market, which would bo another magnificent event for Germany. Bradford being hit from all directions. —Aus.-N.Z. Cable Assn. MIXED SALE JN LONDON IMPROVED DEMAND. (Rec. July 27, 5.5 p.m.) London, July 2G. The B.A.AV.R.A. and free, or mixed wool, sales to-day showed that merinos met with good Continental competition, mainly from Germany. A very good selection of Now Zealand crossbreds secured full late rates. Scourcds and stipes sold better. Realisations: Isisdowns, top price 16-Jd. per lb., average 16d.; "Thornlei"h,” 31d. and 30d.; Meebcvrrie Murchison, 14Jd. and ltd.; New Zealand “Qhoka,” 22d. and 19d.—Aus.-N.Z. Cable Assn. KEEN COMPETITION AT SYDNEY SALES. (Rm. July 27, 9.50 p.m.) Sydney, July 27. At the wool sales competition wns keen for all classes at late rates—Press Assn. Messrs. Dalgcty and Co., Ltd., report having received the following cablegram from their London office, under date of July 26:—Next public wool sales take place on August 30. The list of arrivals closed on Juno 20. Offerings amount to: Australian free, 18,302 bales; New Zealand free, 30,306 bales; Cape, 600 bales: South. America, 36,500 bales; B.A.AV.R.A.. offering 60.000 bales. BOARD OF AGRICULTURE The Board of Agriculture had a short meeting after tho Council of Agriculture Conference. The importance of furthering the movement in connection with the initiation of boys’ agricultural clubs, as curried on in Taranaki by the Farmers Union, was emphasised, and the scheme has the board’s hearty support. It is proposed to circularise A. ana P. Associations urging the formation of the clubs in different parts of the Dominion where such do not at present exist. Careful consideration was given to tho proposal to import into the Dominion species of partridges from South America and AVesterii Asia, but pending inquiry being made as to the habits of the birds the board refrained from expressing an opinion in the mutter. In furtherance of the proposal emanating from tho Council of Agriculture regarding the consolidation of farming interests, steps are being taken by tileboard to obtain from the United States of America and elsewhere tho fullest information procurable as to the formation of agricultural bureaux for tho information of the committee set up by the council to go info the question of organising an executive of farmers in New Zealand. Several letters were received dealing with the question of cattle tick, and suggesting that regulations be framed to prevent the spread of the disease from the North to the South Island. The subject, was fully discussed with the Di-rector-General of Agriculture, and the conclusion was reached that the regulations already in force gave power to deal with the several points raised in the communications.

A suggestion was placed before the board to have tho Fencing Act amended to permit of the use of a lighter wire than is specified in the construction of a "sufficient” fence. This received full consideration, but the board is of opinion that further lengthy tests of the lighter wire are required to establish the claims made for it before any alteration is made in the Act. JOHNSONVILLE STOCK SALES .Messrs. Abraham and Williams, Ltd., and Wright, .Stephenson, and Co., Ltd., report on the Johnsonville fat stock sale yesterday ns under:—“Wo offered 60 ewes. 450 wethers, 40 lambs. 30 bullocks, 30 cows and heifers, 30 vealers, to <i good attendance of butchers. Bidding for biicep was inclined to be dull, but good prime cattle sold freely. Vealers were in keen demand. We quote-.—Best bullocks, £l4 2s. 6d„ £l4 155., to £ll 17s Gd.; good bullocks, £l2 15s. to £l3 Ids.; best heifers, £8 15s. to £9 55.; others, £G 10s. to £7 55.; cows, .£7 55.; ’ best vealers, £4, £4 25., £4 35., £4 45., to £ 12s. 6d.; others, £3 7s. to £3 17s. SheepBest wethers, 245., 245. 4d., 245. 6d„ 255., to 255. 3d.; others, 205., 20s. 7d., 2()s 8d„ 21s. Gd., to 225. 7d.; unfinished, 17s. (kl.; ewes. 17s. to 17s. 3d.; lambs, good. 19s. 9d., 19s. 10d., 20s. 4d., to 20s. Gd.; plain, 15s 1 . to 15s. Gd. COMMERCIAL ITEMS INVESTMENT SHAKES. Yesterday’s quotations for investment shares were as follow:—

CUSTOMS REVENUE. Customs revenue collected at the port of Wellington yesterday totalled £5878 15s. 6d.

Owing to tho excessive slaughter of kangaroos in Tasmania, the Tasmanian Government has introduced a Bill to protect kangaroos for two years.

Inscribed Stock, 1939 ... Buyers. £ s. d. Sellers. £ s. d. 83 7 6 Inscribed Stock, 1938 ... 83 7 6 Inscribed Stock. 1933 ... 91 12 6 —— War Bonds. 1939 83 7 6 — War Bonds, 1938 83 7 6 — War Bonds. 1933 91 15 0 __ .Bank Australasia 85 0 I) — National Bunk —- 5 16 0 Hank New Zealand 2 8 3 2 8« Union Bank 12 10 0 12 18 0 1 10 0 — — Eouitable Building 6 15 0 — National Insurance ...... 2 18 0 —— New Zealand Insurance — 18 3 South British Instance 1 15 0 Gear Heat. — 1 12 6 Huddart-Parker (ord.) ... —— 3 6 6 West port Coal — J 7 0 Westport-Stockton (ord.) — 0 7 3 Lcyla’id-O’Brlen Timber 1 10 0 Tfirintramutu Totara ... 1 5 0 —— N.Z. Prutr 2 12 6 — N.Z. Paper Milla (rights) — 0 0 4