FARMING & COMMERCIAL

Dominion, Volume 16, Issue 122, 8 February 1923, Page 10

FARMING & COMMERCIAL

news and notes

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. Foilding, 10.30 a.m.—Rani fair. Bikoi-angi Yaren, 12 noon.—Stock sale - (N.Z. Farmers'’ Distributing Co., Dtaj Otaki Yards, 1 pm.—Stock sale. bppar Hutt Yards 1 pm—Stock sale. 157 Lambton Quay. Wellington, 1.30 p.m. —Sale of carpets (Johnston and «Uo.). 78 Lambton Quay, Wellington, 1.30 p.m. —Furniture sale (0. W. Price and Co.), Customhouse Quay. Wellington, 2.30 p.m. —Property sale (H. Fattest Leighton). SATURDAY.

Timam, 11.30 a.m—Land sale (Pyne, Gould, Guinness, Ltd.). Wimbledon, 12 'noon.—Stock sale (Williams and Kettle). . . , Kakatahi, 12.30 p.m.-Ewe fair (Smith, Webster anti Co.).

FARMING INTERESTS

DANNEVIRKE A. & P- SHOW The only condition inquired to ensure the success of the Danncvirke A. and P. show on February 14 snd is is good weather. Exceptionally satisfactory entries have been received, and once avain has this progressive, society established another record .m this respect. For the benefit of those interested in dairy cattle, it has been arranged that demonstrations will be civen on the grounds during the show by Mr. E. Griffiths, of New Plymouth (jerseys), Mr. F. Mills (Ayrslnres), and Air. S. G. Morgan (milking Snorthorns), while for the benefit of those interested in swine husbandry, Mr. K. Gorringe, of the Agricultural Dcpaitnient, will give a demonstration in this connection. Excursion trains will, be run and visitors from outside districts are premised that courteous treatment which is always associated with' tills popular fixture. The ram fair takes place the day following People’s Day of the show, February 16. JOHNSONVILLE FAT STOCK SALE Messrs. Abraham and Williams Ltd. and 'Wright, Stephenson, and Co. Ltd. report on their weekly fat stock sale k held at Johnsonville yesterday, as follows: —There was a fair yarding of both sheep and cattle. The quality of bullocks and sheep was good, but the balance of the yarding was of pomquality. Sheep sold at late rates, and cattle' showed a. slight improvement. Quotations: Prime bullocks, £lO Lss. to £ll 2s. 6d. ; medium bullocks, £9 15s. to £10; mediiim cows, £4 75.--6 d. to £4'l2s. 6d.; light vealers, 255., 325. 6d., to 375. 06. ; medium wethers, 325. 9d. to 335.; good owes, 265. 6d., 265. 106.. to 275.; medium ewes, 255. 46. to 265. : maiden ewes, 28s. Id. ; light lambs, 225. 66. t 6 235.

COMMERCIAL ITEMS

rviiLLlNGlOn otucA E?xCHANGE

YESTERDAY’S BUSINESS . AND PRICES At the afternoon call yesterday three sales of Union Bank shares each at £l3 17s. 6d., and a sale of Standard Insurance at £1 14s. 36., were reported. There wore no transactions recorded at the morning call. Gilt-edged securities were unchanged. The 4i per cents, and 5 per cents were in demand at £97. and the 5j per cents, at £IQO 10s., and Bank of New South 'Wales shares were 2s. 6d. higher- at £37 2s. 6d. cum dividend! Union Bank shares rose Is. 66. to £l3 17s. Other bank shares wqre unchanged. Goldsbrougli, Mort, and Co.’s shares were firm at £2 ss. 66., and Wellington Trust and Loan at £5 10s.. ,ex dividend. Gas shares were again in good demand. There were buyers of Auckland Gas shares at 245., ox dividend, and Wellington Gas at £ll 75., cum dividend. Insurance shares were steady. There were buyers of New Zealand Insurance shares at 28s. Id. and Standard Insurance shares at £1 14s. Meat Freezing shares were firm and unchanged. Transport shares were in good demand ; there were buyers of Huddart-Parker ordinary shares at £2 14s. 66., Union Steam preference at 205., and Adelaide Steam at 20s. Tatipiri Coal shares were wanted at 19s Leyland O’Brien Timber shares experienced a sharp advance, buyers offering £1 16s. 3d. or Is. 3d. more tha x n on Tuesday. Burns, Philp shares were steady at 31s. 9d., and Crown Brewery shares at £1 19s. ® Yesterday’s buying and selling quotations were as under:—■

FROZEN MEAT TRADE HEAVY LAMB SHIPMENTS The shipments of mutton and lamb from New Zealand; Australia, and Argentine during January show very substantial increases, as. will be seen by the following figures:— Mutton shipments. Jan , 1923. Jan., 1922. Carcasses. Carcasses. New Zealand 204,000 181,000 Australia 450,000 4,200 Argentine 225,000 51,800 Totals 879,000 237,000 Here there is an increase of 642,000 carcasses, equal to not quite 300 per cent. Lamb shipments Jan., 1928. Jan., 1922. Carclisses. Carcasses. New Zealand 687,000 426,200 Australia 250,000 124,400 Argentine 180,000 32,800 Totals 1,117,000 583,400 The quantity shipped from the three exporting countries last’ month was nearly double what it was in January, 1922. It is expected that the shipinents of lamb from New Zealand during the current month will be nearly as heavy as in January. To appreciate the position.with respect to lamb, the shipments in December must be taken into account, for meat shipped then, at least from Australia and New Zealand, would be reaching the market now. The figures for the two months are as follow: — Lamb s carcasses. New Zealand 766,300 Australia 755,000 Argentine 505,000

Total 2,026,300 Unless the consumptive demand is very strong these heavy supplies may depress the market. It is because cx4 port buyers fear a fall in values that they have eased off buying. The position of the meat trade today is somewhat peculiar. Although there have been heavy shipments of mutton and lamb last month, the supply of fat stock has diminished to such extent that it is rumoured that one or two works will close down unless there is a change. Various circumstances account lor the present position. The climatic conditions have not been favourable for fattening stock, vet feed is plentiful, and farmers are not anxious to fatten sheep.. The improvement in woo) values and the fact that the flocks have been reduced in tbe past two or three years are inducing many sheep farmers to hold to their "stores. It is said that twotooth wethers are selling at ss. pef head more than can be obtained for fats at the works.

WAR L0A.N8Buyers. ,-e s d. ■ Sellers. £ s. d. 4J p.c. Insc. Stock, 1939 97 0 0 — 4J p.c. InBC. Stack. 1938 97 0 0 97 12 6 5? p.c. Insc.'Stock, 1933 — ioa 15 0 p.c. War Bon da. 1939 97 0 0 — 4J p.c. War Bonds, 1938 97 0 0 — 5% p.c. War Bonds, 1927 100 10 0 —. 5 n.c. P.O. Bonds. 1927 97 0 0 —— 5 p.c. P.O. Insc. Stock. 1927 97 0 0 — BANKS— N.S.W.. c.d 37 2 6 New Zealand — 2 17 9 13 17 0 13 19 6 FINANCIAL— Goldebroug’Ii Mort 2 5 6 — — Well. Invest. T. and .A. 0 9 3 — Well. Trust Loan, ex d. 5 10 0 — GASAuckland, ex div , paid 14 0 — Wellington, c.d., ord. ..11 7 0 — Ditto, pref 0 16 0 Ditto. Deb. Stock ....105 0 0 — Ditto fractions .. 9 5 5 — INSURANCE— New Zealand, c.d 1. 8 1 1 8 6 Standard 1 14 0 —• «T FREEZING Gear 1 18 6 —* Well. Meat Exp. (£3 12g. 64.) 2 18 0 TRANSPORT— Huddart-Prirker (ord.) . 2 14 6 — .Adelaide Steam .... 1 0 0 r.Ir.ion Steam (pref .* .... too — COALTanniri (ord.) 0 19 0 TIMBER-Leyland-O’Brien .. 1 16 3 2 0 0 MISCELLANEOUS-Burns-Philp 1 11 9 Crown Brewery .... 1 19 0 — Howard Smith .... —— 2 13 9 Ward and Co 1 6 3 1 7 6