FARMING INTERESTS

Dominion, Volume 15, Issue 195, 15 May 1922, Page 8

FARMING INTERESTS

THE DAIRY POOL DEFENDED BY LONDON IMPORTERS PROVISIONTRADE SAFEGUARDED \ London, May 12. Fire of the principal importers of colonial produce, in a letter to the newspapers, states that the promoters of the New Zealand dairy pool have no intention of establishing a ring to hold, up the price to consumers. Such an object is obviously unattainable, because the competition of dairy produce from other countries ensures the regulation of nrices by the law of supply and demand. ; ! The writers are of the opinion that the interests of the provision trade are safeguarded by the promoters’ assurance that they intend to distribute nil produce through the existing trade channels.—Aus.-N.Z. Cable Assn.

OTHER IMPORTERS’ REPLY (Rec. May 14, 5.5 p.m.) London, May 13. Replying to the letter cabled yesterday. other importers of New Zealand produce, signing themselves “The Majority,” write: .“The only difference of opinion is whether the creation of a compulsory pool is tho best nnd only D’dans to secure economies and greater efficiency in the distribution of New Zealand produce or in the producers’ best interests. It may 'be that the five correspondents, as agents for the promoters of tho pool, feel them r selves .safeguarded as regards supplies, but no satisfactory assurance nas been offered to tho rest of tho trade, who are naturally loth to run the risk of scranpine the organisation in deference to the wish of the nromot-/ ers of a compulsory pool, who rn.iv find themselves unab’e to carry out effectively all tho good intentions with which thev are at present animated.” —Aus.-N.Z. Cable Assn. MANAWATU NOTES FEED STILL PLENTIFUL. FKOM Oua OWN OOBBESPONDENT. Palmerston North, May 12. i Although a little rain has been experienced throughout the Manawatu during the past iyeek, the weather has been moro or less mild, the feed still continues to grow, and tlie supplies of milk to tho factories are keeping up remarkably well. Tho butter market is still active, and inquiries for both Australia and the Home market still continue. The Shannon Co-operative Company has sold this month’s supply on the basis of Is. 6d. f.o.b. Wellington, .while the Wanganui Co-operative Dairy Company is prepared to guarantee Is. Cd. per lb. for supplies for the next three months. The Mangawhata and Rangiotu Co-operative Companies, which both sold their year’s output at the commencement of the season, still continue to pay respectively Is. 9d. and Is, 4d. per lb. of butterfat. The Tokomaru Co-operative Company paid out for last month on the basis of Is. 3d., which is an advance of 2d. on the previous month’s pay-out, while tho Bainesse Co-operative Factory is advancing Is. to suppliers.

So far as the market for sheen for export is concerned very little is doing, and the local factories are on less than half-time, and are killing a fn> amount of beef, but tho market for the latter shows no improvement and at 17s. per 1001 b. buyers run the risk of making ri. loss should there bo a drop in the price of hides. The sudden demand for beef which was said to have taken place in the Northern Hawke’s Bay district, where sales were reported at 21s. per 1001 b.. apnears to have been quite a flash in the pan, and is now said to be due to the buyer having misread a cablegram from Home, with the result that endeavours are now being made to comnromise with the vendors. Fat sheep for butchers’ purposes are slightlv easier in the markets on account of the numbers offering, but stores of all "lasses are still meeting a good demand, graziers being anxious to stock up in, order to take advantage of the plethora of food. It has now become euito evident that, North Island freezing stores will have very little left in them nt the close of the season, and this should augur well for the opening of next season. This will bo the first occasion for some years tint the veer’s operations have resulted in clearing the stores. Business generally is fairly quiet, but unite a number of town and suburban dwellings hnvo changed' hand's at satis-,, 'factory figures,- nnd even farm properties are being inquired for.

LIVE STOCK SALES The Farmers’ Co-op. Auctioneering Co., Ltd., report:—At Hamilton on Tuesday we had an average yarding of cattlo and sheep, but the entry of pigs was below the usual standard. Competition for beef was dull and spiritless. Light-weight steers made from £3 19s. to £4 95.; good cows and heifers, £4 to £4 Ils.; light weights, £2 15s. to £3 12s. 6d. No grown steers were penned. Store cows made from £1 to £1 7s. 6d. 'Hie inquiry for in-calf heifers seemed to collapse and most of the lines were passed at auction. Best offers for 2J-year Shorthorns was about £6 10s.; 2-year-olds. about £4 10s. Calves wore in brisk demand and sold readily at advanced rates. Shorthorn heifers made to 365., for medium quality; smaller, from 225. to 275. Fat sheep did not maintain the recent advance made, although most of the entry was cleared.

Wethers made to 265. Id.; ewes, to 255. 6d.; unfinished ewes, from 16s. to 18s. ; fat lambs (medium), 175.; owes in lamb drew fair competition, making up to 20s. 6d.; 2-tooth store wethers. 19s. to 215.; good store lambs, 13s. 6d. to 14s. 6d.; backward and lowconditioned sorts, 16s. The entry of pigs was smaller than at recent sales, with fewer fat buyers operating, resulting in lower values, porkers'being more affected than baconcrs. There was little alteration in stores. Heavy baconers made to £3 165.; medium £2 15s. to £3 65.; heavy porkers to light baconers, £2 to £2 145.; light to medium porkers, £1 10s. to £1 18s. ; unfinished porkers and stores, £1 to £1 Bs.; slips, 12s. to 18s.: weaners. ss. to Bs.

Messrs. Newton King, Ltd., report: —At Stratford, on May 2, both sheep and cattle pens were fully taxed. Sheep did not sell quite as freely as at last sales, but prices kept up nevertheless. All classes of cattle aold readily; 2 and 4 : tqoth ‘wethers, 19s. 3d., 225. 6d.; mixed age ewes, 16s. 6d.; lambs, 9s. 6d., 10s. 6d. • store cows, 275., 305.; forward conditioned do., £2 Is.; fat co'ws, £3 Is., '£3 155.; weaner heifers, 355., £2 6s. •’ Jersey do., £2 18s. 6d., £3 2s. : choice quality do., £4 4s. : in-calf heifers, £3, £3 55.; Holstein do., £4 155.; Jersey do., £5 10s.. At Inglewood, on the following day, a full yarding of both sheep and cattle came forward. Tho demand yyas good for both classes, and pri(\3S were firm in consequence. Little remained unsold. Lambs, Ils. 5d., 13s. 7d.; cull do., Bs. 3d.; 2 and 4-tooth ewes in lamb. 19s. Bd. • mixed age do., ,15s. 6d., 16s. 7d.; full and failing-mouth do., 95., 10s.; weaner heifers, 265.; choicer quality do., £2 Is., £3 4s, ; Jersey do., £4 2s. 6d. • empty heifers, £3 155.; in-calf Shorthorn do’., I £3 Is.; Holsteina do., £4 16s. ;* weaner steers. 18s. ; 20-month do., 365.; ,2|-year-old steers, £2 25., £2 155.: store cows. 205., 255. •. for-wnrdl-conditioned do.. £2, £2 175.; fat do., £4 35.; dairy! cows in profit’ £9 15s. At R-ahotu, on May 1 5, a fair yarding was met, with an improved demand, especially for young e o, Q uot ations: Weaner heifers, 2bs., 315., 38s. ; Jersey do., £3 18s 6d £4 7s £4 17s. 6d. ; in-ealf heifers. £4 7s. 6d., £5 55.; small Jersey cross do., £7; weaner steers, 145., 215.; 20-month do., £2 25., £2 Bs. • store cows; 355.; boner bulls, 20s.’ 30s. ’

The New Zealand Loan and Mercantile Agency Co. Ltd., iPalmerston North, report:—On Wednesday we held a sale of dairy cows oh account of Mr. Charles Cockburn, of Glen There was a large attendance of the public, and bidding was brisk. The pows, which were mostly Jersey cross and July and August calvers, were in good condition, and sold well, averaging £ll 10s.. We quote: Good young cow.s, £ll to £l7 IQs.; fair cows, £8 to £lO 10s.; three-quarter and aged cows,' £2 10s. to £6 10s.; empty store cows, Ils., to 305.; Shornhorn heifers, r.iv.b., £7; weaner lieifers, £2 2s. 6d.; pigs, stores 275. to 345., empty sow £3 10s. , * Messrs. Abraham and Williams Ltd. report on Feilding sale, held on May 12: A fair yarding of sheep met with a keen demand; and good lamb's or wethers were eagerly sought after. Fat sheep came forward in limited numbers and sold freely. A large yarding of dairy stock sold well, and there being a good demand right through for weaner heifers. Store cattle sold at late rates. We quote: Fat sheep: Best wethers, 245. lOd. to 235.; fat owes, 17s. 6a. to 18s.; lambs, 195.; light lambs, 16s. 2d.' Store sheep: Best lambs, 13s. 10d., 15s. 5d., to 15s. Bd.'; medium, 10s. 9d., Il's. 4d., to 125.; small, 7s.\2d. to 9s. 3d. ; four and fiveyear ewes in lamb to Romney, 15s. 3d. ; empty ewes, 13s. 6d. tb 155.; cull ewes in lamb, 9s. sd. to 12s. Id. Cattle: Cattle: Springing'heifers, £ll, £ll 13s. 6d., to £l2 10s.; heifers, r.w.b., best £9 7s. 6d.. others £4 15s. to £6; dairy cows, £3 10s., £7 15s. to £6; dairy cows, 305., 31s. to 395. Jersey weaner heifers, £3 12s. to £5 45.; small, 375. 6d.; three-year steers, £3 7s. 6d.; 3J-year Hereford steers, £4 55., ■ Messrs. Dalgetv and Company Ltd., Palmerston North, report having a very fair yarding of sheen and a fair entry of cattle at their Feilding sale on Friday. There was a good demand throughout, and practically a ■ total effected. Quotations: Small lambs, 10s.; fair lambs, to 13s. 4d.; b.f. lambs, to' 16s. Id. : small two-tooth wethers, 17s. 2d. to 18s.; empty ewes, JOs. Bd.: forward ewes, to 16s. 2d.; fat maiden ewes, to 205.; light fat wethers, 20s. 6:1.: fat 1 wethers, 255.; fat lambs, 16s. lid., 18s. 4d.. 20s. Id., to 21s. 2d.; small Jersey and weaner heifers. £2 145.; 20 months Shorthorn heifers,, r.w.b., £2 135.; 20 months steers, £3 Is.; cows arid calves, £2 12s. 6d.; store cows. 17s. 6d. to'£2; fat cows. £2 10s. to £3 145.; dairV cows. £3 155.. £5 5«.. £6. £7 15s-. +<> £R 10s. The New Zealand Loan and Mercantile Agencv Co., Ltd., Feilding. report for week ending May 13: —At Apiti on Tuesday we had few sheep,/but a fair yarding of cattle, which sold at late rates: Good Id-months Pho’-tho’-n steers, £2 17s. (>d. ; rough 18-months and two-vear steers, £2 Bs. ; rough 34year steers. £2 19s. 6d.; Shorthorn heifers, £2 55.. to £3: year heifers, r.w.b., £4'l2s. 6d. ; cows in calf, £5. At Kimbolton on Wednesday the sheep penned failed to make reserves, but a fair clearance of cattle was made at recent rates. Good Jersey weaner heifers, £4; 18-mrinths Shorthorn heifers, r.w.b., £3. £3 5s £3 65.. £4: dnirv cows, in calf. £2, £2 10s. On Thursday wo held a. clearin" sale on account of Mr. S. J. Hayward, Apiti. There ‘was a large attendance and everything sold well. F.m. ewes, r w. Romney rams, 17s. : cull ewes, 7s. ; 18-months steers, £3 Is' ; 18-months Shorthorn heifers, r.w.b., £4 10s.: Shorthorn weaner heifers. 80s.;. Short-, horn weaner steers, small, Ils.; dairy cows, £7 ss. to £ll, average £9 10s. : Shorthorn bull. £4 10s. ; weaner bull, 30s. ; hacks. £5 155., £6. At Feilding on Friday there was a small yarding of sheen and a very fair yarding of cattle. All lines sold at lato rates: —Fat wethers, 245. 6d. : fat ewes, light. 15s. Id. : good forward wethers, 245. : yearling heifers, £2 25.. £2 16s. ; 18-months heifers, r.w.b., £3 10s. ; 2-year heifers, r.w.b., £3 155.. £4, £4 95.; 18-moni.h steers, £2 155.-. £2 18s. 6d. ; dairy cows, £9 los., £lO 10s. ( springing Jersey heifers, £11; fat cows, £3, £3 12s. 6d. Messrs. Abraham nnd Williams, Ltd., report at their Marton yards on May 9 a fair yarding of sheep and cattle. There was a good number of buyers present, and we cleared the whole of our yarding at the following prices:— Fat wethers, to 235. 6d. ; fat, owes, to 17s. Id.; store wethers, to 18s.; mixed lambs, Us. 4d., 125., io 12s. 2d., mixed lambs, small, to £1 ; springing heifers, £lO 12s. 6d. to £l5 10s. ; store cows, £1 10s. Id. to' £2 ss. ; weaner heifers, 255. to £2 10s.; Jersey cross weaner heifers, £3, £3 55.. to £5; porkers, to 355. 6d.; slips, 195., 20s. 6d., to 21s.

LONDON MARKETS The New Zealand Loan and Mercantile Agency Company Ltd. have received the following cablegram from their London house under date May 12: —Butter, New Zealand: 1665. to 1725. per cwt.; more inquiry at the reduction. Cheese: 725. to SGs. per cwt. Poor demand.