FARMING & COMMERCIAL

Dominion, Volume 18, Issue 95, 17 January 1924, Page 10

FARMING & COMMERCIAL

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. •Sales will be held at: — Queen Street, 10.30 a.m.—Sale of land (Dalgety and Co). Boulcott Street, on ground behind "Evening Post,” 10.30 a.m.—Sale of building material (E. Johnston). 46 Elice Avenue, 10.30 a.m.—-Sale of furniture (E. Johnston). 105 Customhouse Quay. Wellington. 2.30 p.m—Sale of Island Bay property, account Mrs. J. McMenamen (S. G. Nathan). TO-MORROW. Akata.ra.wa, Noon —Sale of stock, account Dr. C. P. Knight (Dalgety and Co.). Vivian Street. Wellington—Sale ot Cars (Motor Car Exchange). Boulcott Street, Wellington—Sale of building material (E. Johnston). SATURDAY. „ , oA 100 Customhouse Quay, Wellington 10:30 a m.—Sale of Upper Hutt land account Supreme Court (H. El. Leighton) Tui Street. Taiham—2 p.m.—Sale of Taihape Wiool Scouring Works., account Deputy Official Assignee (I<Ward and Co.). FARMING INTERESTS EXPORT OF PORK NEW CO-OPERATIVE SCHEME LAUNCHED BT nsLEGßlPH.— Sfeciai, Corbespondbnt Masterton, January 16. Alter surmounting considerable adversities the Masterton Dairy Company has completed arrangements for the commencement to-day of a co-operative scheme for the export of pork grown bv suppliers of the district. A considerable number of pigs has been awaiting slaughtering facilities and freezing space which, are only now available. The scheme provides for the company to collect pigs and deliver them to the slaughterhouse, from where the carcasses will be railed to the cooperative dairy freezing stores at Wellington to await shipment. Each grower will be provided with the distinguishing mark of a nose ring which will be attached to the carcase. BENEFICIAL RAIN. IN WAIRARAPA MAIZE AND MANGOLDS A FAILURE. From Our Own Correspondent. Creytown, January 16. The weather suddenly changed on Monday to a southerly buster, and heavy rain fell well into the night. On Sunday a light rain from the west came on, but soon ceased. On Fr*)ay last the temperature in the shade was 92 deg. Fall.; to-day 'Wednesday) at 1.2 noon it read under 58 deg. Fah. There is a. slight rain, but much more is wanted to penetrate the soil. New potatoes are vory small. . and may start growing with the moisture. The late potatoe will get a good lift and should come out at normal. Most of the farmers complain that the maize and mangolds have proved almost a failure here. HORTICULTURISTS AND NURSERYMEN By Telegraph—Press Association. Palmerston North, January 16. At the third annual conference of the Horticultural Seedmen’s Association, the following officers were elected :—President, Mr. Down (Auckland) • vice-presidents, Mr. Skene (Dunedin), Mr. Cooper (Wellington); treasurer, Mr. Daniell (Invercargill). The seventeenth annual conference of the New Zealand Association of Nurserymen opened this morning, Mr. Lennie, Dominion president, occupied the chair. The delegates were accorded a civic welcome by the Mayor. DANNEVIRKE SHOW The popularity of the home industries section at the Dannevirke A. and P. Show has been amply demonstrated in the past, and this year it is expected thnt all records will be excelled, Exhibitors who cannot attend the show should forward their goods with the entry fee to the secretary. who will see to the rest. Thia section is confined to amateurs —one who has not done for profit the particular kind of work exhibited. A challenge trophy, given bv Mrs. A. A. Piper, will be competed for for, the first time, being awarded to the exhibitor gaining the highest points. Competition is expected to be keen. The dog section will be one of the strong features of the show. The schedule is said to be one of the most attractive yet placed before owners of dogs in the TV,minion. T he society’s reputation for it« treatment of visitors and exhibitors will be maintained this year and any information desired will be forwarded bv the secretary. Mr. H. S. M. Quigley. January 30 is general entry day.

NEWS AND NOTES

B.A.W.R.A. STOCKS MISSTATEMENT CORRECTED. The Minister of Agriculture (Hon. W. Nosworthy) wishes to correct a misstatement in the cabled report regarding the stocks of 8.A.1V .R.A. wool, which appeared in the New Zealand papers on Monday last. lhe cablegram made it appear that the quantity in stock and afloat at th© ©nd of the year was 913,215 bales. The total of B.A.W.R.A. stocks held at the end of November last, says the Minister, were as follow:— Bales. Australian 193,000 New Zealand ... 77,000 Total 270,000 Air Nosworthy thinks that the reference to “the end of the year” . may refer to the end of 1922. This is borne out bv reference to Melbourne newspaper files at that period. Early in January, 1923. Sir Arthur Goldfinch. London manager of B.A.WJLA. stated that there were about 900,000 bales then held. The Director-General of the Department of Agriculture states that at the end of December last the total B.A.W.R.A. stocks of wool were 162.000 bales of Australian and 47,000 of New Zealand. ADDINGTON STOCK MARKET By Telegf.afh—Press Association. Christchurch, January 16. At Addington market to-dav there was an excellent sale of all the principal sections of stock. Beef showed a further improvement, mutton and lamb a slight improvement, and store sheep wore also in brighter demand, due to the improved feed position caused by the rain. Store sheep—A big entry, mostly lambs. Verv few adult sheep came forward. The market opened well, and improved for all classes, lambs making a shilling advance on the previous week. Good class ewes sold briskly. Good forward lambs made 225. to 245. 46.. good rape lambs 20s. to 21s. 6d., ordinary 18s. to 19s. 6d., inferior 14s. 6d. to 17s. 6d.. cull Rs. 4d. to 125.. good two-tooth Cornedaie ewes 325. 6d., sound-mouthed three-quarter bred ewes 305., aged ewes Ils. to 145., aged and low-condi-tioned ewes 4s. 4d. to 6s. od., good four and six-tooth half-bred wethers 245. 7d. to 275. Id. : two-tooth crossbred wethers 235. Id. Fat lambs.—4 Boo penned. A keen sale resulted, prices being a shade firmer than last week’s. Prime lambs averaged lOd. per lb. inferior 9d. to 9jd. Extra prime lambs made 335. to 355., prime 295. 9d. to 225. pci., medium 265. 6d. to 295. 6d., light 21s. to 265. , Fat sheep.—A slightly larger yarding and an improved demand for owes, though exporters were operating less actively. Best wethers made fijd. per lb., medium to 61d., best ewes 5Jd. to 6d.j inferior sd. to 5Jd., extra prime wethers sold up to 395. 6d . prime 345. 6d. to 375. 6d., medium 31s. to 345., light 265. to 305., extra prime ewes 335. Bd., prime 30s. io 325. Cd., medium 275. to 295. 9d., inferior 245. to 265. 9d.. old 19s. to 235. Fat ..cnttle.—A smaller yarding of 349 head met an improved demand. Extra prime beef made to 375. 6d. per 100 lb., prime 335. to 365., medium 28s. 6d. to 325. 6d.. light 245. to 285., and rough from 15s. to 20s Extra prime steers £l5 10s. to £l7 is. 6d., prime £l3 to £l5 55.. medium £lO 15s. to £l2 155., light £7 to £10; extra prime heifers £lO 155., prime £8 to £lO. ordinary £5 ss. to l£7 155., inferior, £3 l(ls. to £5 2s. Cd ■ extra prime cows £lO 55.. prime £7 ss. to £9 10s., ordinary £4 10s. to £7, old £2 ss. to £4 ss. . Vealers. —A slight improvement m values for good sorts. Runners made £4 12s. 6d., vealers £3 to £4, good calves 30s. to 555. Id., small calves Bs. . to 18s. Store Cattle.—A dull sale._ Three-voar-steers £4 10s. ’<> £.5 55., tw ’’- vear £2 10s. to £3 55., yearlings £1 1.5 s to 405., cows 20s. to 30s. Dairv Cattle.—An improved demand for springers. Third and fourth callers £7 10s. to £lO. best £l3, heifers £6 to £9, medium cows £3 to £5, inferior 355. to 50s. Fat Pigs.—Baconers sold firmly, hut porkens were easier. Choppers £ 210 s. 1.0 £4 10s., light baconers £3 ss. to £3 155.. heavy £4 to £4 iOs., extra heavy £4 165." (average per lb. fid. to 6|d.), light porkers £2 to £2 55., heavy £2 7s. fid. to £2 1.75. fid. (average price per lb. 7d. to ' Store Pigs..—A medium entry, a keen demand, and improved prices. Wenners 20s. to 255.. small stores 255. to 295., medium 80s. to 395., large 50s. to 575. JOHNSONVILLE FAT STOCK SALE Messrs. Wright, Stephenson, and Co. Ltd. and Abraham and Williams Ltd., in conjunction, report on their Johnsonville fat stock sale held yesterday: A big yarding of all classes of stock came forward. Both sheep and cattle were showing the effects of the rough weather, and bidding on some lines was somewhat dead, though the general quality was good. Sheep sold on a par with last week’s quotations, but cattle values showed an appreciable decline. Quotations: Best ox, £7 17s. GJ., £8 55., to £8 10s.; lighter, £7, £7 7s. 6d., to £7 155.; light., £5 12s. fid. Cows, £5 ss. Bost vealers, 355., 405., to 495.; others. 235., 255,, 265., 275., to 30s. Best wethers, 335. to 3.35. 3d.; medium, 295. 3d., 30s. 6d., to 31s. 9d. Good ewes, 255., 265. 3d.; medium, 21s. lOd. to 225. 3d.; light. 17s. 6d. Lambs, good, 275. Id., 28s. 3d., to 305.; others, 205., 225. 2d., 225. 9d., 23s 3d., 245., 21s. 6d., 255. 3d.; light. 145., 17s. Gd., to 19s. 3d. Sows, £2 15s.

COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the morning call yesterday a sale of New Zealand Refrigerating shares, £1 paid, lit 235. was reported, and at the afternoon call a sale of Bank of New Zealand shares at £2 10s. 3d. was macle on 'Change, and the sales re]x>rted were Bank of Australasia shares (two parcels) at £l3 Is. 6d., and Union Bank shares at £l4 18s. Giltedged securities were quiet, the only inquiry being for sjr per cent, stocks and bends, 1.933, at £lOl 17s. Gd. There were buyers of Wellington Racine Club debentures at £lOB. Bank shares were steady and unchanged. New Zealand Loan and. Mercantile ordinary stocks were again in demand at £B2, and National Mortgage shares at £3 las. There were buyers of Wellington Gas shares at £l3 135., National Insurance shares at £3 175., a rise of 6d., Huddart-Parker ordinary shares at £2 2s. 4d., Union Steam preference shares at 19s. 9d., Westport Coal shares at 38s. 9d., Crown Brewery shares at £3, a rise of 9d., National Electric shares at 195., Ward and Co. sharer at £2 25., and Wilson’s Cement shares at 295. 9d. Yesterday’s buying and selling quo-; tafions were as under: — Buyers. Sellers. IV llt LOANS— £ s. d. B s. d. 4 p.c In sc. Steck. 1938 - 97 2 6 51 p.c. Insc. Stock, 1933 101 17 6 — 51 n c War Bonds. 1933 101 17 6 — 6p c P.O. Bonds. 1927 - 97 17 6 ~ 5 n.c. P.O. Insc. Stock. 1927 — 97 17 o DEBKNTUBESWell. Racine Club 108 0 0 — BANKS- . H . , . Australasia — 15 1 6 National — b 14 0 New Zealand 210 0 2 10 6 Union - 15 0 0 FINANCIAL- ... „ National Mortgnce ... 315 0 — N.Z. Loan and Merc. (ord.) 82 0 0 — Well. Trust. Loan — 5 16 6 Well. Deposit & Mortaaeo 0 8 9 0 9 6 GAS*— WcJlineton (£10) 13 13 0 13 17 6 INSURANCE— National 3 17 0 — Standard — ZOO MEAT PRESERVING— N.Z. Refrieerat. (£1) . — 13 6 Do. (10s.) 011 5 012 3 Well. Meat Exp. (£3 „ „ „ 12s. 6d.) —2 2 0 TRANSPORT-Huddart-Parker (ord.) 22 4 2 3 0 Do. (nref.) 1 0 6 1 010 Adelaide Steam 10 6 — N.Z. Shipping (pref.) — 9 10 0 Union Steam (pref.) ... 0 19 9 10 6 WOOLLEN- _ , Kniopoi (ord.) — 10 6 Do. (contrib.) — 0 10 3 COALTauniri 0 18 9 — Westport 1 18 9 — TIMBER- . „ , Kauri - 1 8 o — Leyland-O’Brien 1 18 6 — Rotoiti 1 2 3 S — • Tarincnmutu 1 12 0 — MISOELLANEOUSOrown Brewery (cum.) 3 0 0 — Gates. Ltd — 0 12 9 National Electric 0 19 0 — Wairarapa Farmers’ ' (pref.) — 017 6 Ward and Co 22 0 — Wilson’s Cement 19 9 110 6 N.Z. Express (ord.) ... 015 0 — MININGWaihi 18 6 — SALES IN OTHER CENTRES By Telegraph—Press Association Auckland January 16 . Sales: War Loans. 1939. £96 155.: Bank of New Zealand. 565. 3d.: New Zealand Insurance. 30r. 3d.: South British Insurance. 395. 6d.: Waihi. 295. Christchurch. January 16. Sales reunited: New Zealand Government ner cent. Inscribed Stock 0.933). £lOl 12s>. 6d.* Bank of Australasia £l3 Is. 6d.: Bank of New Zealand 50s. Dunedin. January 16. Sale: Wailii. 295. SELLING RATES ON AUSTRALIAN DRAFTS. Glee. January 16, 7.15 p.m.) London, January 15. Tho Associated Australasian Banks announce the following alteration in the selling rates on Australia drafts:— Mail transfers, 225. 6d. per cent, premium ; cable transfers, 80s. per cent. LONDON STOCK EXCHANGE. (Rec. January 16, 7.15 p.m.)London, January 15. Stock Exchange quotations: Bank of Australasia. £l3; Bank of New South Wales, £3B; National Bank of Australasia, £8 10s.; National Bank of New Zealand, £6 10s.; Bank of New Zealand, £9l and 495.; New Zealand Loan and Mercantile debentures, £76 10s.: ordinarj’ stock, £BO. P. and O. shares, buyers £277, sellers £287.