FARMING & COMMERCIAL

Dominion, Volume 15, Issue 181, 28 April 1922, Page 8

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FCRTHCOMINC FIXTURES. ' TO-DAY. 86 Lambton Quay. Wellington. 10 a.m.— Sale of marble statuary (Johnston and Co.). 91 Brougham Street, Wellington. 1 n.m.— Furniture sale (Johnston and Co.). Dominion Avenue, Wellington, 2 p.m.— Furniture sale, (Vine and Wilson). 78 Lambton Quay, Wellington, 1.30 p.m.— Furniture sale (C. W. Price) 195 Lambton Quay, 2.30 n.m. —Property sale (Harcourt and Co.). TO-MORHOW. Moore Valley, Wainui-omata,' 11 a.m.— Sale of stock and implements (Dalgety and Co.). 31 Elizabeth Street, Petone. 2.30 p.m.—Property sale (Hunt and Dickinson). 78 Lambton Quay, Wellington, 2 p.m.— Sale of motor car (C. W. Price). ■/ ■ MONDAY. Eketahuna.—Property sale (Dalgety and Co.).

LIME AND ITS USES ADVICE TO FARMERS. In tha couras of his lecture on lime and its uses, Mr. F. W. Greenwood, Instructor in Agriculture, in an address at the Weraroa Farmers’ .Camp, dealt with the various forms of lime, our lime deposits, sampling, crushing plants, etc.' In speaking of the uses of lime for agricultural purposes, he pointed out that z the action of burned lime was much quicker than that of the carbonate, but the effects of the latter were more lasting. Although the former was theoretically about ten times as soluble as the carbonate, as it in time reverted to carbonate "by the action of the air and moisture, it did not really work out so in practice. If it was desired that the lime should act quickly then burned limo should be employed, bub there was always a tendency with that form to make various plant foods in the soil more soluble* arid readily available. Such soils as stiff clays and swamp lands lent themselves specially to treatment by quick lime, but it would generally bo inadvisable to treat sandy soils or soils with poor humus with quick lime. One factor which the farmer had to consider in choosing bitween burned or carbonated limo was the comparative cost involved in getting either on to his land. Generally speaking, carbonated . limo was the most popular with New Zealand farmers. He then dealt at length with the uses of lime for agricultural purposes, and also with soil analysis. Although the method of applying lime differed according to the crops intended to be sown, £° I rie ’/ ally speaking, land should be ploughed, disced, harrowed, and cultivated before the limn was applied. After this the land' benefited considerably by a few strokes of the brush, chain, or tripod harrows. However, whatever cultivation took place after liming, ploughing should be avoided. He concluded with a lengthy dissertation on the effect of lime on various crops. - ADDINGTON MARKET t> by Telegraph-press association. Christchurch, April 27. At Addington market to-day all classes of stock were well represented, particularly fat cattle and fat sheep. Last week's sale values were fully maintained, except for fat lambs, which were down about a halfpenny per lb. Store Sheep.—A big penning for this time of the year. Ewes and lambs formed most of the entry, ewes being an indifferent class. A free sale resulted, which heightened as if progressed, passings being few. Forward lambs realised 15s. Cd. to 17s. 6d.; good, 13s. 6d. to 15s. ; medium, Ils. to 135.; small, 9s. to 10s. 9d.; cull, 6s. to Bs. 6d. ; good halfbred ewe lambs, 20s. to 235.; fairly good 4,6, and 8tooth ewes, 17s. to 19s.’; inferior, 12s. 6d. to TBs. 6d.; good 4-year halfbred ewes, 21s. lOd.; sound failing mouthed, 13s. to 16s. 9d. ; rape ewes, 10s. to 13s. 6d.; cull, 45.. to Gs. Sd.: forward 4 and 6-tooth wethers, 16s. 9d. to 20s. Id.; ordinary, 13s. 6d. to 15s. 6d.; 6 to 8-tooth. 16s .to 17s. j good 2tooth, 14s. 6d. to 16s. Fat Lambs.—6 Boo penned, about 700 more than last week, but the quality was not so good. There was an average easing of Is. per head over all, values being about 84d. per lb. Extra prime lambs, 275. to 31s. 9d.; prime, 235. 9d. to 265. 9d.; medium, 21 a. to 235. 6d.; light and unfinished, 17s. to 20s. -9d. Fat Sheep.—Recent prices were fully maintained, prime ewes showing an advance. Extra prime wethers, 28s. to 845.; prime, 235. 6d. to 275. ; medium, 20s. to 235. 3d. ; light, 17s. 6d. to 19s. 9d.; extra prime ewes, 235. 6d. to 275. 3d.; prime, 20s. to 235.; medium. 15s. 6d. to 19s. 6d.; lighter, 11s. to 15s. Fat Cattle.—A hig yarding. Good beef sold slightlj’ better than last week, but roimh beef was almost unmarketable. Extra prime steers, £l4 to £l6 12s. 6d.: prime, £lO to £l3 10s.; medium, £7 10s. to £9 17s. 6d.; inferior, £4 15s. to £7 .55.; extra prime heifers, £8 10s.; prime, £5 ss. to £7; ordinary, £2 10s. to £5; prime cows, £5 ss. to £7 17s. 6d.; ordinary, £3 to £5. Vealere. —Runners, ss. 5d.; good vealers, £3 15s. to £4 10s.; medium, £1 IQs. to £2; small calves, 4s. upwards. Store Cattle.—Good two-ycar-old heifers were in keen demand. Two-vear-old steers, £3 to £3 155.: yearlings, £1 to £1 10s.: two-year-old heifers, £2 10s. to £5 155.; yearlings, £1 to £1 10s. ; medium cows, £1 ss. to £1 155.; inferior, 15s. to 20s. Dairy Cattle.—A large yarding ex-x porienced an irregular sale. Good cows did not sell as well as last week. Good second and third calvers, springing, £l4 10s.; second and third calvers. springing. £7 10s. to £l2 10s.; good springing heifers. £l2; springing heifers, £5 10s. to £9 10s.; good reliable cows, just calved. £l2: reliable cows, just calved, £6 to £lO. Fat Pigs.—A good entry met a fairly good demand. Choppers, £3 10s. to £s' 10s.; light baconers, £3 15s. to £4 10s.; heavy. £4 15s. to £5 10s. (average price per lh., 6|d.); light porkers, fV, ss. to £2 10s.; heavy, £2 15s. to 03 7a. (average price per lb., Bd. to 9Jd.). Store Pigs.—Medium stores. £1 12s. to £1 18s.; smnll, 16s. to £1 10s.; weaners, 6s. to Bs. LONDON MARKETS The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house, under date April 26:— Tallow. —We quote present spot values for the following descriptions: Fine mutton, 425. per cwt.: good beef, 395. 6d. per cwt.; mixed, 345. 3d. per cwt. Market quiet. . New Zealand Frozen Ment.—No change in market. Last quotations April 1.9, 1922.. Lamb, llld. ner lb. ; wether and maiden ewe, light 7Jd. per lb., heavy 6 5-Bd. per lb.; ewe, light Gid. per lb., heavy s?d. per lb. Beef: Ox, hinds 4d. per lb., fores 2}d. per lb.; cow, hinds 3}d. per lb., fores 2d. per lb. Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London house, under date of April 26.:— 1350 casks of tallow offered, of which 640 casks were Sold, prices being nominally unaltered.

FARM HORSES Mr. L. T. Collins, M.R.C.V.S., gave an interesting lecture and demonstration on farm horses to the farmers attending the course of study at V> eraroa. The list of hereditary disoves was gone through, the lecturer explaining to the students tihe seat of the various troubles and the methods of diagnosis. Farmers were advised to exercise care in the selection of animals intended to be bred from so that these defects should be avoided. A good case to illustrate the jfoint was shown where two animals bred from the same mare showed defective hocks, although at that particular point draught animals should be particularly stroiv owing to the strain when drawing heavy loads. A number of other diseases of the feet common to farm animals were dealt with, such as sand crack and corns. The cause, diagnosis, and treatment of these troubles was gone into, and simple remedies were recommended. At the conclusion ot the lecture a number of questions were asked and a good deal of useful information was given by Mr. Colling. COMMERCIAL ITEMS INVESTMENT SHARES. At the afternoon call on the change yesterday a. “ 6 £6 . Quotations

CUSTOMS REV KIN UK Cußtoms revenue collected =jt the P°yt Wellington yesterday totalled £5427 9». 4d. fl. MANNING AND CO.. LTD. The balance-sheet of S. Manning and Company, Ltd., brewers, Christchurch for the twelve months ended March 31, jmowi that the gross receipts from brewing, bottling, interest and rents for the term amounted to £35.080 16s 8d„ and there was brought forward from t he preceding year £1446 12s. Bd.» maliinr a total o< *36,527 9a 4d The general expenses, including salaries and wages, wear and tear advertising. etc., amounted to £17.8101 sb. rates, anff taxes itosorbed £6212. 10a. 6<L, and bad and doubtful debta written off. £561 9s. Id., making a total of 4®. lid., and leaving £11,943 4s. Bd. to be dealt with. The dividend for the year at the rate of 10 ner cent, per annum absorbed £9600. and there remains £234-3 4s. sd. to bo carried forward. COMPANY NOTES. The “Mercantile Gazette” gives the following information respecting joint stock companies:—Equipment. Ltd.. Wellington, has increased its capital from £3OOO to £4OOO, by the creation of one thousand shares of £1 each. Goldberg Advertising Agency, Ltd—Capital increased from £l5OO to £3500. divided into 3500 shares of £1 each. Feilding Theatre Company, Ltd - Capital increased from £lO.OOO to £16.000, divided into £1 shares. Bryant and May, Bell and Company, Ltd., Wellington.— Capital increased to £160.000 by the creation of CI.OOO additional ordinary sharia of £1 each. STOCK EXCHANGE. BY TELUGU APR—PItfISS ASSOCIATION. Auckland, April 27. Sales.—War Loan. 1927. £94- New Zealand Inscribed Stock. 1938, £9l 10s., £92; 1939, £9l 17s. 6d.; Bank of Australasia, £l2 145.; Bank of New Zealand, 515.; South British Insurance, 335.; Parenaa Kauri Oils, 95.; Wilson's Cement. 325. td. Christchurch, April 27. Sales reported—Union Bank, £l2 lOs.i CiirlStcliuroh Gas Company, £6 Ils.; New Zealand Refrigerating (£1 paid), £1 ss. 6d.; Manning and Go., (cum. div.), £3 5“. 6d. • , , Sale«i reported.—Bank of Australasia, £l3 (two parcels': National Bank, £6 (four parcels); Union Bank, £l3. Dunedin, April 27. Sales.—Bank of New Zealand, 515.; Mosgiel Woollen, 124 s t New Zealand Drug, 51s. 6d.; “Otago Daily Times,” 455. 6d: (two Sale reported—“Otago Daily Times,” 455. 6d. T-ONDON WHEAT MARKET. AUS.-N.Z. CABLE ASSOCIATION. (Rec. April 27. 5.5 p.m.) London, April 26 Wheat cargoes are steady, deroite weakness in America. The Clara Camus was sold at 67a. per quarter. COLOMBO TEA SALES. AUS.-N.Z. CABLE ASSOCIATION. (Rec. April 27, 5.5 p.m.) Colombo, April 26. At the tea sales three miHlon pounds were offered. The quality was rather disappointing. The demand was fairly general. Common and medium Broken Pekoo sold to Is. 2Jd. per lb: fine, Ib. 4)d good common leaf and fannings, Is. id. AUCTRAIJAN PRODUCE MARKETS. BY TELEGRAPH—PRESS ASSOCIATION. —COPYRIGHT (Rec. April 27, 10.5 p.m.) Sydney, April 27. Oats.— Algerian feed, local, 3s. 6d. per bushel; Tasmanian, 3s. 9d. to3s. 10d; white 4s Id. Maize—Yellow. ss. per bushel; white. 4s. 9d. Patatoeß.—Tasmanian, £6 to £7 per ton Onions.—Victorian, £7 per tOE Adelaide, April 27. Oats-Algerian feed, 3s. to 3s. Id. per bushel. NATIONAL INSURANCE CO. DECLARATION OF DIVIDEND. BY TELEGRAPH—PB r SS ASSOCIATION. Dunedin, April 27. The National Insurance Company of New Zealand has declared an interim dividend of It'- 3d. per share, for half-year ended Marsh 31, which will be payable May 16.

MINING NEWS Quotations on the Stock Exchange yesterday were as under:— Buyers. Sellers. £ b. <l. £ s. d. Waihi 10 0 110 Waihi Grand Junction — 7 6 THE WAIHI MINE BY TELEGRAPH—PTtoSS ASSOCIATION. Auckland, April 27. During the period ended April 15, 12.686tons of ore were treated at Waihi for 3699 ounces of gold, and 11.484 ounccß of silver. Last year 10,907 tons yielded 2997 gold, and 31,134 silver.

were as under:-* Bellers. £ s. d." £ 8. OL Inscribed Stock, 1939 ... Inscribed Stock, 1933 ... 90 10 0 SO 10 0 Inscribed Stock, 196.5 ••• 96 5 0 War Bonds, 1941. 90 10 0 War Bonds, 1939 *0 10 0 War Bonds, 1933 90 12 6 War Bonds, 1933 Bank Australasia 96 5 0 12 16 n 5 18 0 13 0 6 2 0 0 Bank of N.S.W 36 0 0 2 10 9 37 0 2 12 0 0 12 17 6 13 2 0 Goldborough Mort 1 14 Nat Mort. Dondan reg q Wellington Deposit ... 8 0 National Insurance — 3 0 0 N.Z> Insurance South-British Insurance Standnpd Insurance ... 1 13 0 2 13 0 0 N.Z. Refrig. Deb fl — . . Kt "A t 1 13 0 Huddart-Parker , (ord .) 2 6 0 2 6 6 Huddart-Parker (nref.i 18 0 TTniojt Steam (pre’? ,... 18 6 8 10 1 9 Wptn. Woollen (ord.)... 8 5 0 1 8 3 0 4 Westport-Stockton Waipa Coal .... ? — J 4 6 Leyland-O’Brien Timber Tnrineramutu Timber 1 11 0 16 0 — Crown Brewery Wairarana Fasmers 1 10 6 15 6 1 11 9 Wellington Cordage . 1 0 s