FARMING & COMMERCIAL

Dominion, Volume 15, Issue 285, 28 August 1922, Page 10

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. 24 Mannttrs Street, Wellington, 11 Sale of. drapery (Johnston, and Co.). TO-MORROW. Levin, 11 a.m— Property sale (Murray, Roberts and Co.). Levin Yards, 12 noon. Stoc< sale. 11 William Street. Hataitai, 2 p.m.— Furniture sale (Wheatley and Co./. 195 Lambton. Quay, Wellington, 2.30 p m. —Property sale (Harcourt and Co.). 105 Customhouse Quay- Wellington, -.30 p.m. —Property tale (S. G. Nathan and Co) ' WEDNESDAY. To Horn Yards, 1 p.m.—Stock eale, Hawera Yards, 1 p.m.—Sule cf dany rattle (Farmers’ Co-op.). Feildicg Yards, 1 p.m.—Horse sale (Levin and Co.). 55 Glen Road, Kelburn, 1 p.m.—Furniture sale (Carver andl Co.). Johnsonville Yards. 2 p.m—Stock sale. Wangauui, 2 p.m.—Property eale (Williams o.nd Harper). Featherston Street, Wellington, 2.30 p.m. —Property sale (Dunbar Sloane).

FARMING INTERESTS \ FARMERS’ UNION PLEA FOR SOLIDARITY WOOING THE DAIRYMEN There were about 40 farmers present at a meeting of the Carterton branch of the Farmers’ Union last week, when the following resolution was unanimously carried: —r "That in the opinion of this meeting the Farmers’ Union caters adequately for the needs of -the dairy farmer, and wo are not in favour of starting a dairy farmers’ union.” Air. D. Hebenton, secretary of the Farmers’ Union, introduced the subject by referring to an effort that was being made to establish branches of the Dairy Farmers’ Union in the district. He stated that the Farmers’ Union catered as much for the dairy and agricultural farmers as for the sheep farmers. Air. C. Fairbrother said that the organiser for the Dairy Farmers’ Union had been at Dalefield, but nothing had eventuated. It was stated that the subscription was 255. Air. Hebenton illustrated the need of a solid and combined union by stating that at the recent Wellington conference the fruit farmers had solicited the co-operation of the union to get some help they required from the Government.

Air. Kempton mentioned .that at the Provincial Conference of the union subjects concerning the. dairy farmer easily predominated. It was fatal to create a split in the union. • Air. J. Hodder said there was no room for two unions. The Farmers’ Union was behind the dairy farmer. It gave him cheap fire insurance, cheap lime, and cheap manure, and generallylooked after lus interests. Air. C. L. Reynolds could not conceive farmers making the blunder of creating two weak unions. It was only through the agency of one big union that the farmer could get his grievances redressed. It surprised him to hear of anyone coming forward to create a split in the ranks. Mr. C. Reid strongly advised the meeting to support the resolution. The Dairy Farmers’ Union was made in tho Auckland province, where it was asked that the Farmers’ Union create a political party, and thereby sound its death-knell. This part of the island would have nothing to do with a political party, and it should also give the Dairy Farmers’ Union project a cold shoulder. The dairy farmers and sheep farmers were now working amicably together for their mutual benefit. He reminded the meeting of the 1913 strike Members of the unioh’did not proceed to Wellingto.fi then to load wool. It was a critical period for the dairy farmer, and it was members of the union who loaded his butter and cheese. The average fanner did not fully appreciate the benefits to be derived by being members of tho union. He hoped the farmers would stick solidly to the Farmers’ Union. (Applause.) Air. E. Eagle said the chief fault with the Farmers’ Union was that members did not sufficiently interest themselves in it to take advantage of the scope the organisation offered. The local branch had recently inaugurated a calf-rearing club that was going to be of great benefit to dairy fanners. There were other things the union would land its support io if mooted by members. One was quite sufficient for all purposes. Air. Domigan appeled for solidarity. This could not be achieved by disintegrating an established organisation. The meeting, which was composed entirely of dairy fanners, carried the motion, amid applause.

FROZEN MEAT LONDON QUOTATIONS. (Rec. August 27, 5.5 p.m.) London, August 26. Quotations for f rozon anil chilled meat are as follow: — , Sheen. Canterbury, light 7d. per lb., medium GJd., heavy 5Jd. North Island, light 5Jd., heavy 6d. South American, light GidLambs. Canforbury, light Hid., medium lid., heavy 9Jd. Southland, 10}d.

North Island, ordinary JOJd. South American, light 10d., heavy 9d. Frozen Beaf. New Zealand fores, 3Jd., hinds 4Jd. Australian, fores 3jd., hands 4Jd. Chilled Beef. Argentine, hinds 7Jd. The prices of other meats are unchanged. LONDON WOOL SALES SEPTEMBER OFFERINGS. (Rec. Augujb 27, 5.5 p.m.) London, August 2G. At the September wool sales, 128,000 bales will bo offered, including 50,000 bales of Australian, offered. by lI.A.AV.R.A. (of which 26,400 bales' aro merinos), 24,000 privatelyowned Australiai and 40,000 privatelyowned New Zealand.

CORIMERCIAL ITEMS WELLINGTON STOCK EXCHANGE SATURDAY’S BUSINESS AND PRICES There were in all thirteen sales recorded during last week, although there were no transactions on Alonday or Saturday. Compared with the closing quotations of the previous week, 41/ per cent. Stecks. 1938 and 1939, at L 95 155... show an advance of 55., and tho 4i per cent. AVar Bonds disclose the same gain. The 5 per cent. P.O. Stocks and Bonds have not varied, buyers holding to their offer of £95 ss. The 5i per cent. Stocks and Bonds, 1933. wore 2s. 6d. higher at £99 10s. Bank shares were inclined to be steady, tho variations being trifling. Bank of Australasia shares rose 2s. 6d. during the week, but were not quoted on Saturday. National Bank shares were sixpence higher at £5 18s. Gd. Bank of New South AVales, new issue, shares have remained steady at £35 10s. Bank of New Zealand shares were easier. On Saturday buyers were offering £2 155.. Yhilo on Monday last the buying quotation was £2 lbs. 3d. Union Bank shares were in demand on Saturday at £l3. this representing an advance of 2s. on the week. In the financial group the demand has been confined to the shares of three or four companies, mainlv stock and station agency concerns. Goldsbrougn, Alort and Co.’s shares, at 415., show an advance of 9d. on the week, iational Alortgago shares were also higher, Saturday’s buying quotation ot £3 9s. representing an advance of Js. boon the week. Gas shares were decidedly firmer, all those quoted on Saturday showing improvement on the quotations of The previous Saturday. For a long time buyers offered 10s. Gd for Gisborne Gas shares, but therb was little hone of securing the shares at the price, and on( Saturday tho bids were raised to 11s. It is very doubtful whether the shares can be bought at the new price. Napier Gas shares, £lO paid, show an advance of 7s. xl. on the week, and were in demand on Saturday at £9 7s. Gd. These J ba show an upward tendency, and wi nrobably reach their face value’before very long- AVellington Gas shares £l6 paid, have risen rapidly during the month. On August 1 they weie carry a preferential dividend of o par cent Insurance shares been neglected and the balance-sheets issued so far have not b ? en encouraging Meat shares have been quiet, and here * 4Ln +r*iclinff results of such coinS. «. tar” i.s««l l.l.» r «ta»t' have'not been satisfactory. Parker ordinary shares, had a spui during tho week on rumours of a V o ™ l ' ing merger with the Howard Smith and another line, and sold up to £- 19 S but they have since weakened, i’+h > bids on Saturday were rea?( - ? + A £9 10s Coal shares, and Btr +toMarlv AVestjwrt and AVaipa Coal Flmres have kept firm throughout the. week Westport Coal shares showing advance of 9d. on the week. Any of better known timber companies Shares coming on the market can be •e T‘!i “ SC'mr.lh.l' C «ta™ quoted -11 intinnf were as under. a^i o -r n

LONDON MARKET REPORTS. (Rec. August 27, 5.5 p.m.) London, August 26. The Liverpool quotation ivr American middling upland cotton September delivery, is 12.89 d. per lb. Rubber.—Fii.a hard Para, IOJd. per lb. ; plantation, first latex crepe, 7d.; smoked ribbed-sheet, <d. Jute. —September-October shipment, £2B 5e.. per ton. Hemp.— Augui t-October shipment, £32 10s. per ton. Copra.—August-October shipment, £22 10s. per ton. Linseed oil, £36 per ton. Turjrentine, 92». per cwt.

Tiro New Zealand Loan and Mercantile Agency Coinnany, Limited, have rewived t,ho following cablegram from their London house-, under date August 25:— Now Zealand butter, Joo3. to -Jos. per cwt. . Chers®, 84s. to 90s. per cwt. Quiet.

o © M> O ..♦ © O V© © 1 Is I I I1 1 as I I I I I I I I I I s IS 1 ■-■’ i i i i a i i 1 1O us C4 tH CO T-i ©a <B CD o o Oo©©O C^0cC?CO©'O'DO^0 k 0 o io i/) c >o ifi ts tn o rH o> re s m e: ci bO | kp o O o ©GO tO c\ C\ <C erv ©\ o ■r-«tO 0 0> 4 v-l cO T - * t— S t— < | ▼— 1 I S • : • : : : »e : : : : « *• CO :::•’• •’p J 3 £ ggSgSSSRc ; i ' : : : i« : : is2 § ; =j o 3 = ;5£3 t J- :§£~ sj" ® « <£ « ui • : *• C3 '• »- t'.P-' : o : '~'*S-*C o 0'5’2'O'O'C 'S ® : . : §«T.E- :fr : ut.® 23Sn«Sr! c C : ty • o <4? <3 p 01 ■ c £ 88 sS s tr*c ;pq ■' E3 cc Sc;’ 2 rf. Coal Oollierira amutu Totara prof.) 1 Smith rug id and Co. (ord. 8 £ a a c c o rt -P fie V °' o d d o § 1 .2 “ 2-2==.2” t. p, P< p. p, a p, p-cp, r’p'o'r d®’® S '" c 's 5 p2o.d““£a S; _J S -,“n X. £ KhW j.E'S'g