FARMING & COMMERCIAL

Dominion, Volume 17, Issue 289, 23 August 1923, Page 10

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. Otaki Yards.—Stock sale. Stratford —Sale of Friesian., stud herd (Newton King). 1L , Marton Yards, 1 . p.m—lloggett sale (Abraham and Williams). Lambton Quay, Wellington, 1.30 P-.m. Sale of billiard tables and furniture (Dunbar Sloane). Dominion Avenue, Wellington, 1.30 p.m. -Sale of furniture (Vine and Wilson) Customhouse Quay, .Wellington, -.30 p.m.—Property sale (S. G. Nathan). TO-MORROW. Koputaroa—Stock sale (Abraham and Williams). , Blair Street, Wellington, 1.30 p.m —Sale of general merchandise (A. G. Wallace and Co.). FARMING INTERESTS ADDINGTON STOCK MARKET GOOD PRICES FOR STORE SHEEP. By Telegraph.— Press Association. Christchurch, August 22. At the Addington market to-day, entries were well up to the average. The store sheep yarding was one of the smallest seen this season, and consequently good prices were realised. Store Sheep.—Sound mouthed halfbred ewes in lamb made 375. 6d.; sound mouthed crossbred ewes,. in lamb, 355. 6d. to 355. 9d.; inferior 4 and 6-tootlied ewes in lamb. 265. 9d.; aged crossbred ewes in lamb, 235. to 265. 9d.: low conditioned aged half?, bred ewes in lamb. 21s. 3d. Good 4 and 6-toothed halfbred wethers, 355. 6d.; good 4 and 6-toothed crossbred wethers, 355. 6d. Good Corriedale owe hoggets, 335. 3d.; three-quarterbred, 265. Bd.; good halbred wether hoggets, 275. 4d. ; good mixed sexed crossbred hoggets, 265. 4d. to 305.: ordinary crossbred wether hoggets. 235. 3d. to 245. 4d ; inferior, 21s. Id.; cull, 17s. 9d. ' . , Fat Sheep.—The entrv comprised ten full races, a large proportion of which were wethers. Competition was fairly keen for all classes, but on the whole prices were from Is, to Is. 6d. less than late rates. Best wether mutton was worth Bd. to Bjd. per lb.; prime, 7|d. to 7sd.: medium, 7d. to ?id.; light, 63d.; best ewe mutton, 7|d.; prime, 7d. to 7Jd.: medium, 6Jd. to 6Jd.; light, from 6d. to 6Jd. Extra prime wethers made 525. to 605.; prime 465. to 50s. 6d.; medium 425. to 455. 6d.; light, 375. 6d. to 41s. Extra prime ewes, 41s. to 465. 3d.; prime, 38s. to 405.; medium, 345. 6d. to 375. 6d.; light. 30s. to 335.; inferior, 265. 9d. to 295. 6d. Fat Cattle.—The yarding totalled 328 head, compared witli 595 at the double market two weeks ago, and 326 at the previous sale. Prices were from llOs. to £3 per head better than last sale. The prices per 1001 b. were: Extra prime beef. 48s. to 505.; prime beef, 455. to 475. 6d.; medium to prime, 40s. to 445.; light to medium, S6s. to 395.; inferior, 325. to 345. 6d.; rough, 30s. downwards. Values w<ve: Extra prime steers, £3O 155.; prime, £l7 10s. to £2l 10s. ; medium, £l4 to £l7; light and unfinished, £lO to £l3 15s. Extra prime heifers, £lB 55.; prime, £l2 10s. .o £l4 • medium, £9 to £ll 155.; extra prime cows, £l6 155.; prime £ll 10s. £l3 10s.; ordinary, £8 to £lO 15s. Vealers. —Only half the usual number was sent forward, prices consequently showing a considerable advance. Runners made £9; good veal«rs, £6 ; medium calves, £3 to £4 155.; small calves, £1 10s. to £2 15s. Store Cattle. —The entry was small and consisted principally of nondescript sorts. Four and five-year-old steers made £6 2s. 6d.; two-year-old steers, £2 19s. ; old heifers, £2 ss. : cows, £1 to £1 10s.: bulls, £1 to £1 10s. Dairy Cattle. —A larga entry, but a poor demand. Best second, third, and fourth calvers, £6 to £8 10s.; ordinary, ' second, third, and fourth calvers, £4 to £5 155.; best springing heifers £o 10s. to £8 ; ordinary springing heifers, £3 to £5 55.; eld cows, £1 to £2 10s. Fat Pigs.—A small entry met with a keen demand. Choppers made £3 to £6; light baconers, £4 to £4 10s.; heavy, £4 15s. to £5 (average price per lb. 7d. to 7id.) ; light porkers, £2 10s. to £3; heavy, £3 ss. to £3 15s. (average price per lb. 9d. to 10d.). Store Pigs.—A fair entry met with a good demand. Wearners, 18s. to 245.; small stores, 235. to 275.; medium. 295. to 365. ; large stores, 475.’; sows in pig, £4 10s. to £6. MEAT CONTROL BOARD The following have been elected as delegates on the Electoral Committee of the New Zealand Meat Producers’ Board, which will assemble in Wellington on August 29 to elect the producers’ representatives on the board, and consider the annual report and statement of accounts :—Auckland district: Charles K. Wilson (Pio Pio) ; Harry E. Worsp (Moengawahine). Hawke’s Bay-Gisborne district: Edward Averill (Kereru), Ralph S. Chad-

wick (Dannevirke), William D. Lysnar (Gisborne), Patrick Patullo (Napier), William G. Sherratt (Gisborne), Kenneth S. Williams (Tokomaru). Wel-lington-West Coast district: FrankW. Arbon (Komako), Kenneth W. Dalrymple (Bulls), William A. lorns (Martuiborough), George L. Marshall (Marton), Hugh Mo it i son (Awatoitoi). Marlborough-Nelson-Westland district: Charles G. Teschemaker (Blenheim), Alexander Thomson (Ward). Canter-bury-Kaikoura district: Henry D. Acland (Christchurch). Richard M. Morten (Tai Tapu), William W. Mulholland (Darfield), John Trotter (Fairlie), Derrick W. Westenna. (Dunsandel). Otago district: Duncan Cameron (Papakaio), Arthur Craig (Greenfield), James Dunery (East Taien), Henry Smith (Waikaka Valley), David Williams (Waitaki South). COMMERCIAL ’ ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES Sales of 4J per cent, war bonds, 1938, at £97. and rights to Bank of New Zealand new issue shares at 295. du., were reported at the morning call yesterday. At the afternoon call the sales reported were Bank of New Zealand shares (ex rights) at £2 10s. 6d.> and rights to the new issue (two sales) at 295. 3d. The marklet for giltedged securities was weaker yesterday, with buyers of 4J per cent, war bonds, 1938, at £96 17s. 6d.. and for 5 per cent. P.O. bonds. 1927, there was a bid of £9B ss. Othler stocks and bonds were not m demand. There were buyers of Goldsbrough Mort and Co.’s shares at £2 6s. 6d„ and We - lington Trust and Loan at £5 16s. Wellington Gas shares were very firm at £l3 Ils., and Auckland Gas shares at 265. Insurance, meat, transport, coal and timber shares were quiet. Colonial Sugar shares were in demand at £46 ss?, New Zealand Drug shares at £3 55., and Crown Brewery at £2 15s. Yesterday’s buying and selling quotations were as follow:— Buyers. Sellers. £ s. d. £ 8. d.

SALES IN OTHER CENTRES

By TELEGRArj — Press Association. Auckland. August 22. Sales—Soldiers’ Bonds, £lO2 7s. 6d.; Bank of New Zealand (rights) 295. 3d., North ern Steam, 15s. 3d.: Milne jnd Choyce Debenture, 245.; Waihi. 245. 9d. Christchurch, August 22. Sales reported-New z ,®L I 8 I l nd £? v * « per cent. Bonds (19381. £94 as. «i.. Government 4i per cent. Inscribed (1938). £97- Bank of Adelaide. £8 65.: Ba,k of New Zealand (rights), 295. 3d.

LONDON, WHEAT MARKET. Aus.-N.Z. Cable Assn. (Rec. August 22, 9.10 p.m.) London, August 21. Wheat cargoes are firm, with good inquiry, including Italian. Parcels are in fair request.

LONDON STOCK EXCHANGE. Aus.-N.Z. Cable Assn. (Received August 22, 5.5 p.m.) London, August 21. Waihi shares: Buyers, 26s ; sellers, 265. 3d.; Junction. ss. 6d.; Dalgety s, £l2 2s. 6d..

CUSTOMS REVENUE. Customs revenue collected at the port of Wellington yesterday totalled £6400.

THE WOOL MARKET

LONDON’S NEXT SALE

The fourth series of London wool sales closed abruptly on July 9, owing to the strike of dockers, and the next series will open on Tuesday. September 4 when approximately 236,000 bales will be catalogued, of which 103, 500 bales represent wool brought forward from the July sale, and 70,000 bales B.A.W.R.A. wool. The trade has had a spell of two months in which to digest stocks, and there should therefore be spirited, competition, and perhaps there may be advances in some grades of wool, but much will depend upon how the controversy between Britain and France respecting the occupation of German territory develops. Tlie exports of foreign and colonial wool frcm the United Kingdom during the five months January to May, inclusive, show the following movements :— Exports to — lb. Belgium 31,017,400 Netherlands 3.549,700 France 64,971,400 Germany 51.433,600 Italy 3,613,000 United States ... 48.472,900 Other countries ... 8.235,100 It will be noted that France was, during the period, the principal importer, Germany coming next. Since May, however, the exchanges have gone against the Continental countries.'and it”is doubtful whether they will bo able to purchase unite as freelv now. The exchange value of the German mark in Mac last was comparativelv low, being under 200.000 marks to the £1 : now the exchange rate ’’s 20,000.000 marks to the £1 Tim exchange value of the'franc has also depreciated. Tim Germans, however, arc said to be holdin" lame credits in England, but even so. unless there is. some settlement of the political situation, the Germans may think it wiser to hold their credits intact rather than spend same in buying wool.

WAR LOANS— 102 10 M no. Insc. Stock, 1953 — 0 n.c. War Bonds. 1939 96 17 6 fii yi.c. War Bonds. 1933 — 102 12 6 5 - p.o. P-0. Bonds. 1927 98 5 0 98 12 6 5 p.c. P.O. Inac. Stock, 1CI77 — 98 12 6 BANKS6 15 6 New Zealand (x rights) — 2 11 0 Ditto (rights) Union 1 9 0 14 10 0 FINANCIAL— „ 6 Goldsbrough Mort 2 6 Well. Trust, Loan b lb 0 — GASAuckland (paid) 1 b 0 0 15 Gishorno 0 Wellington (£10) 16 11 0 — INSURANCE4 Q meat" FREEZING0 11 N.Z. Refriger. (10b.)... — 4 g Gear TRANSPORT- . Uuddart-Parker (Ord.) — 2 4 6 Hnddart-Parker (pref.) 1 0 0 Union Steam (nref.) ... 1 0 4 p. and 0. Def. Stock COAL — — 335 0 c 0 16 6 timber— g Rotoiti .1 MTSCFLLA NEOUS— 1 0 9 — Colonial Sugar 46 b 0 2 16 Crown Brewery 2 lb 0 0 N.Z. Drue Wairarapa Farmers 3 5 0 0 17 f 2 6 0 Wilson’s Cement —- 1 8 0 Auatmlinn 'Glass (ord.) — 1 10 0 Wellington Gas 1 06 0 0 —■ KZ. Breweries IvU 0 0 F.asthnurne Borough... —- 105 15 0 MINING— Waihi — 1 5