FARMING & COMMERCIAL

Dominion, Volume 18, Issue 58, 3 December 1923, Page 10

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. Sales will be held at:— Blair Street, Wellington, 1 p.m.—Sale of contents of 3 Grocery shops (United. Growers). Shannon Yards, 1 p.m.—Stock Sale. Marton, 2.30 p.m.—Sale of Mr. G. A. Withell’s Farms (N.Z. Farmers’ Distributing Co.). TO-MORROW. Marton, 11 a.m. —Sale of Te Ruae Property, account J. D. McGregor, Esq. (N.Z. Loan). Levin Yards, Noon—Stock sale. Fedlding. 2 p.m—Sale of Property account D. H. McLean (Murray Roberts). 195 Lambton Quay, Wellington 2.30p.m. —Sale of Propertv situate 15 Grove Road, Kelburn (Harcourt) 195 Lambton Quay, Wellington, 2.30 p.m. —Sale of Day’s Bay Residence (HarC ° WEDNESDAY. Chatsworth Road, Silvsrstream, NoonSale of Captain Kang’s Furniture (A. L. Wilson and Co.). Paraparaumu, 12.30 p.m.—Sale of Mr. A T Robinson’s stock and implements ‘(Abraham and Williams). "Hillsborough,” Kelburn 2 P; m -- S . a ’ e of Mr. W. H. George s Pot Plants (E. Johnsonrille Yards, 2 Featherston Street, Wellington 2.30 p.m. -Sale of City Property (J. H. Be"Hmsborough,” Kelburn, Mr. W. H. George’s "Hillsborough Pnoperty (S. G. Nathan).

FARMING_INTERESTS

DAIRY CONTROL BOARD THE COMING ELECTION FACILITIES FOR PERUSAL OF ROLL By Telegrap’i-Pbess Association. Rotorua, December 2. Mr. AV. G. Phillipps, a candidate for election to the Dairy Control Board, has sent a telegram to the Hon. W. Nosworthy as follows Dairy Control Board election of members: If ro 1 of dairy farmers not to be supplied, please inform me where copy can .be seen in Auckland province. I suggest one should be available at Hamilton immediately. Time permits of a formal campaign only, and withholding the roll most unfair to candidates, nominators, and supporters. Please advise date that all ballot-papers will be in hands of electors.” The Minister replied promptly as follows: —“As the roll has been gradually compiled copies of it during compilation have been available for inspection by anyone at Wellington. The complete roll is just finished, and only one copy is available for SUPPORT FOR. DAIRY COUNCIL “TICKET.” By Telegraph—Press Association. Masterton, December 2. Tlie suppliers of the Pirinoa Dairy Company have unanimously decided that the “ticket” proposed by the Dairy Council —Messrs. Goodfellow, Grounds, Motion, Forsyth, Dalrymple, and lorns —being identified with the passage of the Control Bill, should be supported at the election. ’ FROZEN MEAT LONDON QUOTATIONS, ffiec. December 2, 5.5 p.m.) London, December 1. Sheep. Argentine, light 7Jd. per lb., heavy 6^d.; ewes, 6Jd. Lambs. Canterbury, light Hid. Argentine, light IOJd., heavy 9d.; seconds 9Jd. Frozen Beef. New Zealand, fores §ld., hinds 4jd. Australian, crops 3|d , hinds 4id. Argentine, fores 3Jd,, hinds 4Jd. Uruguayan, fores 3sd. hinds 4jd. Chilled Beef. Argentine, fores 4d. hinds 5Jd, Uruguayan, fores 3Jd., hinds sd. Other meats are unchanged.—Aus.N.Z. Cable Assn. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house under date, November 30:— New Zealand frozen meat. —Lamb and mutton, quotations unchanged. /Last quotations 16-11-23). Lamb. lOjd. per lb. (average). Mutton, wether and maiden ewe: Light 7Jd. per lb., heavy 7sd. per lb., light 6i<l. fer lb., heavy 5Jd. per lb. Beef: Ox hinds 4|d. per lb., fores 3Jd. per lb; cow hinds 3Jd. per lb., fores 2i|d. per lb. Market quiet. The New Zealand Meat Producers’ Board has received the following cablegram from its London office, dated November 30, advising Smithfield delivered prices at that date as follows :— N.Z. Wethers and Maidens.—Canterbury quality, selected brands: 56!b. and under, BJd. per lb.; 5 7 1 b. to 641 b., 7i[d. per lb.; 651 b. to 721 b., 7jd. per lb. Other brands: 561 b. and under, 7£d. per lb.; 571 b. to 641 b., 74d. per lb.; 651 b. to 721 b., 7Jd. per lb. N.Z. Ewes. -641 b. and under, 6-Jd. per lb. N.Z. Lamb.—Canterbury quality: 361 b. and under, llld. per lb.; 371 b. to 421 b., IOJd. per lb.; 431 b. to 501 b.,

’ 91d per lb.; seconds, lOd. per lb. Selected brands: 361 b. and under, 10-Jd. per lb.; 271 b. to 421 b.. 10 l-Bd. per lb. Other brands: First quality, 421 b. and under, 9Jd. ]Xir lb.; seconds, 9Jd. per Ib N.Z. Beef.—Ox fores, 3£d. per lb.; ox hinds, 4}d. per lb. : cow fores, 2-Jd. per lb.; cow hinds, 3ijd. per lb. Argentine Chilled Beef. —Ox lores, 4d. per lb.; ox hinds, s£d- per lb. Argentine Froaen Beef.—Ox fores, 3Jd. per lb.; ox hinds, 4*;d. per lb. Frozen Pork. —None on the market. Mutton market firm, with good demand owing to depleted stocks. Ewes likelv to advance. Lamb market steady. ’ There is a slightly better demand for beef owing to lighter arrivals of Argentine chilled beef. Messrs. Levin and Co., Ltd., have received the following cable from their London aejents:—“Frozen meat market firm, but quiet, with, hl tie change.” NEW ZEALAND EGGS IN LONDON RISE IN PRICE RECORDED. By Telegraph—Press Association. Auckland, December 1. The New Zealand Co-operative Egg Society has been advised from London that the shipment of 51,000 eggs by the Rotorua in October brought 2s. sd. per dozen in London, being 2d. pei dozen more than the price reached by the Corinthic’s shipment in September. LONDON MARKETS REPORTS Aus.-N.Z. Cable Assn. (Rec. December 2, 5.5 p.m.) London, December 1. Cotton. —Liverpool quotation for American middling upland cotton, 21.67 d. per lb. Jute. —Native first marks, £27 per ton. Rubber.—Fine hard Para, 12 a d. per lb. ; plantation first latex crepe and smoked ribbedl sheet. 14Jd. to 14gd. Copra—South Sea bagged, Decem-ber-January shipment. £2B 2s. 6d. per ton. Linseed oil, £43 per ton, equal to 3s. old. per gallon. Turpentine. 735. 3d. per cwt., equal to os. 6 l-3d. per gallon. WHEAT MARKET. Aus.-N.Z. Cable Assn. (Rec. December 2, 5.5 p.m.) London, December 1. Wheat cargoes are quoted at about last reported levels. Parcels are quiet and occasionally 3d. per quarter easier. (Rec. December 2, 11.40 p.m.) London, December 1. For wheat cargoes, though world shipments are fairly heavy, the markets are firm. Parcels are steady, but quiet. The N.Z. Loan and Mercantile Agency Co., Ltd., received the following cablegram from their London house under date November 30: —Butter, 2125. to 2165. per cwt., choicest salted; 2205. per cwt., choicest unsalted. Cheese: 106 s. to 110 s. per cwt. Markets firm.

LIVERPOOL B.A.W.R.A. WOOL SALES

Messrs. Dalgety and Co., Ltd., report having received the following cablegram from their London house under date November 30: — Wool sales opened. 14,750 bales Australian, 17,250 New Zealand ottered, and practically all sold. Attendance of buyers is very large. Competition very animated. English buyers aro thp principal operators. As compared with last sales closing rates an London prices are as follows: —Merino wools, par to 5 per cent, higher; crossbred fine quality, 5 per cent, higher; crossbred, medium quality, ]0 to 12i per dent, higher; crossbred, coarse quality, 10 per cent, higher; slipe wools, 7-J to 10 per cent, higher. LONDON TALLOW MARKET Messrs. A. H. Turnbull and Co. have received a cablegram from their principals, Messrs. W. Weddel and Co., Ltd., dated London, November 28, reading as follows: —At tallow auctions to-day 1400 casks were offered, of which 1200 casks were sold. Average Is. extra.

CANTERBURY PRODUCE ! MARKET

By Telegraph—Press Association. Christchurch, November 30. Fowl wheat has improved a little and sales have been made at as Ihigh as ss. 4d. between merchants. There has been a better demand during the past few days for oatshteaf chaff, but prices arc unchanged. Several inquiries have been made for perennial ryegrass. 27-281 b. seed, for forward delivery next season. Although there is no actual business taking place, sellers are asking prices which are equivalent to 3s. 6d. to 4s. on trucks, to farmers for undressed seed. Cocksfoot has eased a little, and 6-171 b. seed is quoted nt Did. f.o.b. Lyttelton, machine dressed. Standard contracts have been made with farmers for next season’s linseed at £l3 on trucks, which is considered a navablo figure. The home market for linseed does not warrant a higher price being paid.. The wholesale nrice for woolnacks is steadily increasing : packs have gone up 6d. within the last six weeks. STOCK SALES Messrs. Dalgety and Co,, Ltd., Palmerston North, report that owing to the sale at Feilding being hold on an off day, Thursday, November 29, only a very small entry came forward. Quotations: Fat shorn ewes, 235. 7d.; light b.f. 2-tooths, 245.; good 2-tooth wethers, 245. 9d. ; potter bulls, £2 15s. Messrs. Dalgety and Co., Ltd., Palmerston North, report having a small entry of stock at their Huntcrville sale on November 27. Quotations: —Fat cows. £3 4s. ; store cows, 21s. to 355.; yearling steers, £1 Is. to £1 Bs. 6d.; 2year dairy heifers, £1 14s. to £2 Is.; 1-ycar dairy heifers, to 345. ; l-year bulls. 9s. Messrs. Abraham and Williams. Ltd., report at Taihape on November 28:—There was a fair yarding of cattle and a small yarding of sheep. Quotations: Fat wethers, to 315.; fat bullocks. £8 9s. Id. to £8 145.; 3-year steers, to £5 ss. ; yearling steers, to £2 ss. ; forward cows £2 10s. to £4 10s. ; empty heifers. £1 12s. 6d.. .£2 55., to £2 17s. 6d.: cows and calves, £3 to £3 65.: bulls, to £4.

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE - # SATURDAY’S BUSINESS AND PRICES On Saturday morning a sale of 4$ per cent. War Bonds 1938 at £96 15s. was made on ’Change, and a sale of N.Z. Paper Mills shares at 225. was reported. The week was comparatively quiet, on the Stock Exchange, although the holiday on Friday made no material difference. The market is rapidly coining under the holiday influence, and there was at the weekend a contraction in the number of shares quoted. I’hcre was fair inquiry for gilt-edged securities on Saturday with buyers of the 4} per cents, at £96 12s. 6d.; sales, however, were made during the week at £96 155., and it is probable that sellers would get the higher price. The 5 per cent. P.O. Stocks and Bonds 1927 were m demand at £97 15a., and sales were made during thb week at that figuie. The per cent. 1933 were firm at £lOO 7s- 6d., but, buyers are likely to give 2s. 6d. more, for a sale was registered during the week at £lOO 10s. Bank shares continue quiet, with buyers of National Bank shares at £6 145., and Bank of New South Wales shares at £4O, cum dividend. For other shares there was very little demand. There were bids of 40s. 6d. for Huddart, Parker ordinary shares, 20s 6d. for Union Steam preference shares 38s. for Levland O’Brien Timber shares, 28s. 6d. for Australian Glass ordinary shares,and 225. 3d. for Sharland and Co., Ltd. Saturday’s buying and selling quo-

SALES IN OTHER CENTRES By Telegraph—Press Association. Auckland, December 2. Sales: Grand Junction. As. Bd. Christchurch, December 2. Sale on ’Change: Mason. Struthers (4s. paid), 4s. 3d. (two parcels). LONDON WOOL SALES THE CLOSING SERIES Hie seventh and closing series of London wool sales will begin in Coleman Street this evening, and the quantity to be offered at the series is approximately 150,500 bales, made up as follows : — Bales. Australian 35,500 New Zealand 28,000 Cape 1,000 B.A.W.R.A 60,000 Carried over 26,000

150,500 At the Antwerp sale, which was held on Wednesday last, although only 2000 bales out of tlie 5000 offered weire sold, medium and low crossbreds were from 5 to 10 per cent, above September rates. At the sale held at Liverpool later, 32,000 bales were offered, and practically all sold. Here again medium and coarse crossbreds soared, tho former showing an advance of 10 to 12} per cent, on the closing rates of the last J/ondon sales, which closed on November 14, and coarse crossbred 10 per cent, higher; sliped wool was 7} to 10 per cent, higher, and fine crossbreds 5 per cent, higher. Thus, at all important.sales held recently crossbred wools have shown a remarkable firmness, and it is certain that values will show a sharp rise at Coleman Street this evening. Yorkshire buyers were the principal operators at Liverpool, notwithstanding animated comnetition, and they aro certain to malto the pace at the London sales. ' It is "boom” time for crossbred wool, and values may see a further improvement.

dairy produce MARKET

IMPORTS INTO GREAT BRITAIN

Imnorts into Great Britain for the nine months ending September 30 were, as under. according to the National Dairy As-

tat ions were as follow Buyers. Sellers. WAR LOANS— £ s. < 1. £ 6. d. Vs n.c. Insc. Stock. 1939 — 97 0 0 4X n.c. Insc. Stock. 1938 — 97 0 0 54 d.c. I DSC. Stock, 1933 100 7 6 —— 4J» n.c War'Bonds, 1938 96 12 6 — 41 n.c. War Bonds. 1930 96 12 6 — 5.1 n.c. War Bonds, 1933 100 7 6 •— r' n e P.O. Bonds. 1927 97 15 0 •— 5 p.c. Insc. Stock, 1927. 98 0 0 DEBENTURES— 6 ■ 102 2 Eastbourne Bor. 6J p.c. 1952 106 7 6 BANKSAustralasia — 13 4 0 National 6 14 0 6 17 6 New South Wales, cum Now Zealand (new issue) 40 0 0 2 10 6 FINANCIAL— 5 17 Well. Trust Loan —• 6 Wellington (£10) — 14 2 6 Do. (pref.) TRANSPORT— 0 16 9 Huddart-Parker (ord.) . 2 0 6 —— 1 1 0 Union Steam (pref.) . ■WOOLLENKaiapoi (cont.) TlMBER1 0 1 18 6 0 10 6 Levland-O’Brien MISCELLANEOUS0 — Australian Glass ... 1 8 6 — Crown Brewery Kirkcaldie and Stains — 2 18 0 19 0 0 Sharland and Co . Wnirarapa FarnfctS 1 2 3 0 17 3

Bociation BUTTER. 1923. ’921. 1922. Cwt. Cwt Cwt. Finland ... <15,216 3 67,456 11.022 103.954 33,647 Denmark . 929.649 . 62,237 1,050.546 65,237 1,399,470 129.136 398 11.629 87.255 United States . Argentine . 1.910 31.808 10.325 . 358,592 . 754.475 262,417 772,623 377.980 444,571 New Zealand ■■■ . 613.708 838.560 940,120 ... 39.645 114,804 10,714 Other countries . 22.245 35.740 482,784 Total cwt. . 2.828,078 3.281.842 4,019,956 CHEESE. 1921. 1922. 1923. Cwt. Cwt. Cwt. Holland . 101,145 4.192 125.438 26.826 149,007 73.626 United States .. . 47.293 - 18.361 38.984 Australia' . 63,689 93.403 39,284 New Zealand .. 1,208.764 1,214.045 1,211.986 Canada . 752.656 564.889 558,030 Other countries . 34,449 55.881 56,087 Total cwt. .. 2,212.168 2.098.843 2,137,004 The total exports from Canada. were as under Butter. Cheese. Boxes. Boxes. From Wav 1 to Oct. 20, 192.3 68.490 1,013,327 From May 1 to Oct. 20. 1922 306.431 968.022 Butter. Cheese. Tinrinr Aus. Canada sent Boxes. Boxes. Tn United States .... 7400 3.000 To China •• .... 1800 100 Tn Denmark — 600 The total exports of butter from Australia were:— Nov. 21. 1922 7253 tons From Sept. 1 to Nov. 21, 1923 3483 tons