FARMING & COMMERCIAL

Dominion, Volume 18, Issue 97, 19 January 1924, Page 10

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. Sales will be held at: — 100 Customhouse Quay, Wellington 10.30 a.m.—Sale of Upper Hutt land, account Supreme. Court (H. E. Leighton) 50 Coutts Street, Kilbirnie, Wellington, 1.30 p.m.—Sale of furniture, carpets, etc.j account Mr. aI. Deckston (C. vv. Tui Street. Taihaw—2 'p.m.—Sale of ' Taihape Wool Scouring Works, account Deputy Official Assignee (1’ • Ward and Co.). MONDAY. 157 Lambton Quay Wellington, 10.30 ft.m.—Sale of unredeemed pledges (L. Johnston fund Co:)- , 206 Cuba Street, 2.30 p.m.—Sale of stock-in-trade Ladies’ and Gents Tailor (A. T Trendlo)* * ' 105 Customhouse Quay, Wellington, 2.30 p.m.—Sale propertv situate Pine Street and Khandallah sections (L. b. Nathan). , FARMINGJNTERESTS DAIRY PRODUCE AUSTRALIAN AND ARGENTINE • SHIPMENTS. Advice han been received by the Dairy Division of the Department or Agriculture that in Australia there wo-c traded during December, 138,910 boxes’ butter, 1567 crates cheese and that the shipments from Australia to the United Kingdom during Decemlwr were 84,137 boxes butter and 2134 crates' cheese. . , .* The Department has received advice per cable from the Argentine Dairy Association reading as'follows:— Ihe shipments during December were HoO tons butter, 75 tons cheese, and 900 tons casein. We now shipments 3000 tons butter, Februaiy shipments 3500 tons butter. Messrs. Dalgety and Co. Ltd. report having received the following cablegram from their London house under date January 17: — , Butter.—Market steady, but quiet. Wo ouote: New Zealand, salted, 2103. (2125); New Zealand, exceptional brands,’ 2125. (2165.) : Danish 222 m (2245.): finest Australian, salted 204 s. (2G65.), unsalted 206 s (2085. L ' Cheese.—Market slow. dßew Zealand, coloured 105 s. (1045.), white 104 s. (102 s. Canadian, c.i.f. quotation, 104 s. (1035.). FROZEN MEAT MARKET WEEKLY PRICES OF FAT-STOCK. The New Zealand Meat Vroducers’ Board advises that the are being offered, January 17. for tot stock for export:— ~ , Auckland.—Mothers: 641 b. and inder s|d.; prime woolly lambs, 4 lb. and under BJd.. 431 b and over Rd.; second quality Jambs. 7Jd. Poverty Bay.—W ethers, 641 b. an under, 6d. ; ewes, 641 b. a - nf1 jroll l,nflnr j 43d.; prune woolly Jarnos, 421 b. q nu under, BJd. . Hawke’s Bav.—Wethers, 641 b. and under. 6Jd.; ' wes, 641 b and under 47d • prime woolly lambs. 421 b. and under. 9Jd.; second quality lambs, gid. ( Wanganui.—Wethers, 641 b. and under 6’d • ewes. G4lb. and under, 41d. ; prime woollv lambs. 421 b. and under 9Jcl.. 431 b. mid over Rid. ; second quality lambs, BJd. ; prime ox i.eef. 20s. per 1001 b. Wellington.—Wethors, 641 b. find under, ; ewes, Glib, and under,

4^<l.; prime woolly lambs, 421 b. and under 9J<l., 431 b. and over BJd.; second quality lambs, Bsd.; prime ox beef, 205.. per 1001 b. Canterbury.—Wethers', C4lb. and under, 6Jd.; ewes, 641 b. and under, 4Jd.; prime woolly lambs, 412 b. and under 10d., 431 b. and over 9d.; second quality lambs, 9d. Southland.--Wethers, 641 b. and under, 6}d.; ewes, 641 b. and under, 4sd.; prime woolly lambs, 421 b. and under 9Jd., 431 b. and over 9d.; second qual•ity lambs, BJd. Messrs. Dalgety and Co. Ltd. report having received the following cablegram from .their London house under date January 17: — Lamb. —New Zealand prime crossbred lamb: Canterbury, heavy 9Jd., light lid.; North Island, heavy BJd., light lOd. Demand for New Zealand lamb runs principally on light-weights. Prices weak, and look like going lower. Mutton. —New Zealand prime crossbred mutton: North Island, heavy 7Jd , light BJd. Demand for New Zealand mutton limited. Market dull, but sellers are firm. Bgef.—New Zealand prime ox beef, hinds 4d., fores 3£d. Demand poor; market quiet. Australian Frozen Meat. —Good average quality crossbred lamb, heavy Bd., light IOJd. Demand for Australian lamb runs principally on finest qualities. Good average quality crossbred mutton, heavy 6£d., light 7d. Demand for Australian mutton poor. WOOL MARKET 9 J’IMCES RULE HIGHER AT LIVERPOOL. (Rec. January 18,\ 7.50 p.m.) London. January 17. At thho Liverpool wool sides prices averiv’cd 7J per cent, above those at Hull. The chief buyers were Yorkshire- " 'i'lio Bradford wool market is excited, but there is little actual business, topmakers asking extreme prices for protective purposes. Nominal quotations tire: 64’s, 68d. per lb.; 60’s, 61d.; 56’s, 41d. ; 50’s, 32d.; 46’s, 32id.; 40’s. 20Jd. —Aus.-N.Z. Cable Assn. BUTTER AND CHEESE LONDON QUOTATIONS. (Rec. January 18, 11.50 p.m.) London, January 17. The butter market is a shade easier, following some weakness in Danish, but,is steady at the lower level New Zealand choicest salted. 210 s to 2125. per cwt.; unsalted, 2125. to 2145. Australian, bo2s. to 2045.; unsalted, 2065. Danish, 2225. , Cheese is steady, as stocks are> light. New Zealand, white 103 s. to'lo4s. pci cwt., coloured. 104 s. to 106 s. lies. Assn. MASTERTON SHOW In connection with the annual show, to be held at Solway on February 19 and 20, very liberal prize money and challenge cups are being offered, ine schedule contains classes in sheep, cattle, horses, Kennel Club dogs, woiking dogs, sheep dog trials. Poultry, flowers, sewing, horticultural, etc. Ihe association, is out this year to ochp® o last year’s show’, which was undoubtedly a record both in quantity and quality of exhibits. Big money is offered in ring events. Excursion fares and special train arrangements have been made. Those who have not visited. the beautiful grounds at Solway should make a special effort to do so. Entries for the show close on February 2. Entries for the ram fair close on February 5. Send for schedule to secretary (Mr. R. H. "Williams), Box 40, Masterton. WOODVILLE SHOW Given fine weather, the Woodville A. and P. Association’s thirty-second annual show, to be held on Tuesday and Wednesday next, is expected to be a great success. There are three special features for this year’s show—an excellent entry of hacks, Jersey, and dairy cattle. The judging of the Jersey and dairy cattle will give plenty of. interest to the farmer, on the first day, as the judges of these sections will each have a big task in selecting the winners of the various classes. The dog. trial starts at 10 a.m., and the final for the first five dogs v ill be run- off on the second day at 1 p.m. Horse leaping, steeplechase style, and the maiden leap have a large entry, and these competitions should lx» well worth seeing. The horses engaged hr all the leaping events are of a high standard, such good .ones as Daylight, Bluo Moon, Rita, Sturdee, and others competing The second day of the show will be a big one for the hacks and ponies. There ate excellent ontr es in all these classes The afternoon will be taken up with horse leaping, hunting style, ladies’ horse leaping, and the pony leap, dog trial final, and musical stalls competitions. The programme is a very interesting one, and should please all showgoers. Picnic parties vill able to avail themselves of hot water on the ground, free of charge. HIDES ADVANCE IN PRICE. By Telegraph—Press Association. COPTBIOHT. (Reo. January 18, 7.15 p.m.) Melbourne, .January 18. At tho hides sales there was a spirited demand, and all grades advanced a farthing to a halfpenny per lb. WAIHI SHARES. Atts.-N.Z. 7able Assn. (Rec. January 18, 11.50 p.m.) London, January 17. Wailn shares, buyers 28s. Id., sellers ‘ 28s. S‘<l.

COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE 4? YESTERDAY’S BUSINESS AND PRICES A sale of Huddart-Parker preference shares at 20s. 9d., reported at the afternoon call, was the only transaction recorded yesterday. There was a demand for War Bonds, buyers offering £96 15s. for the per cents., 1938, and £97 ss. for the P.O. 5 per cents., 1927. Debentures were in good demand.- For Wellington Racing Club debentures buyers offered £IOB, for North Canterbury Hospital Board’s 5J per cents., 1932, £9B, and for Otago Harbour Board 5 per cent, debentures. £93. Bank of Australasia shares were steady at £l3, and New Zealand Loan and Mercantile ordinary stock at £B2. Firmness was displayed by Wellington Gas shares at £l3 12s. 6d. A National Insurance shares at £3 175., and South British Insurance shares at £1 19s. 6d. There were bids of 20s. 6d. for Adelaide Steam, £2 2s. 3d. Bud-dart-Parker ordinary, and 20s. 6d. for Huddart-Parker preference shares. Timber shares were again in very strong demand at late rates. There were buyers of Howard Smith shares at £2 12s. 6d., National Electric at 195., and New Zealand Express ordinary shares at 15s. Waihi Goldmining shares at 295., thow an advance of 6d. . Yesterday’s buying and selling quotations were as under: — Buvers. Sellers.

SALES IN OTHER CENTRES By Telegraph—Press Association. Auckland. January 18. Sales: New Zealand Insurance. 30s. 3d.; Hikuranei Coal. 10s. 6d.: Auckland Gas (contrib.). 3s. 5d.; National Timber. 20s. 3d.; Rotoiti Timber. 235.: Wilson’s Cement, 305.: Waihi, 295. Christchurch, January 18. Sales reported: Manning’s'Brewery 255. 9d.; New Zealand Insurance (cum. div.), 305.; Huddart-Parker, 425. 6d. (two parcels): Ward’s Brewery. 445. (two parcels): Standard Insurance. 40s. 6d.: New Zealand RefriE-eratina (cont.), 125.. (paid) 235. □ unodlni January 18. Sales: Westport Coal. 395. 3d.: Wilson’s Cement, 30s. > EXCHANGE RATES. (Rec. January 16. 11.50 n.m.) London,. January 17. Foreign ratee of exchamre on January 17. as compared with the par rates or as averaced first half of 1914. are as follow:— Jan. 17. Jan. 14. Par. New York. dols. to £1 4'.24J 4 238 4.86 2-3 Montreal, dols. to £i 4.354 4.36 4.86 2-3 Brussels, francs to £1 100.50 *105.26 25.225 Paris, francs to £1 ... 90.85 *96.40 25.225 Stockholm, knr. to £1 18.27 1619 18.159 Christiania, knr. to,£l 30.05 29.93 Copenhagen, knr. to £1 24.47 24.47 18.159 Rome lire to £1 978 964 25.22} Yokohama, pence to yen 24 13-16 24? 24.43 Calcutta, pence to rupee 17 3-16 17} 25 Honif-Konsr. pence to dol. 29} 28 .25 Marks are quoted at 16 to 21 billions to £l. The par rate is 20.43. AUSTRALIAN PRODUCE MARKETS Br Tsieoram—Press Association —copT«iQitT. (Rfec. January 18, 7.45 p.m.) Sydney, January 18. Oats, white Tasmanian, ss. to ss. Id. per bushel. Maize, South African, 6s. to 6s. 3d. per bushel. Potatoes, Tasmanian, £lO to £l4 per ton; Victorian, £lO. Onions, Victorian, £ll per ton. Adelaide, January 18. Oats, Algerian feed, 3s. to 3s. Id. per bushel. , Melbourne, January 18. Prices of produce to-day v.ere: —Oats, 3s. 3d. to 3s. 7d. per bushel. Barley, English, 3s. 10}d. to 4s. per bushel. Potatoes, 4)6 15s. to £9 10s. per ton. Onions, £7 10s. per ton. PRICES OE METALS. ' Ars.-N.Z. Cable Assn. (Rec. January 18. 9.55 p.m.) London, January 17. Copper.—On spot, £6O Bs. 9d. per ton; forward delivery, £6l 3s. 9d. Lead. £32 2s. 6d. and £3l 17s. 6d. Spelter. £35 ss. and £34 12s. 6d Tin, £248 17s. 6d., and £250 2s. 6d. Silver, 33{d. per ounce standard. ADVANCE IN RABBITSKINS. Ai'S.-N.Z. Cable Assn. - (Rec. January 18, 11.50 p.m.) London, January 17. At the rabbitskins sales '2590 bales were offered and 1857 were sold. The demand was much better than in November. There was keen American and Continental competition, especially for hatters’ sorts, of which Australian showed 10 to 15 per cent, advance, and New Zealand 10 per cent. Australian .furriers advanced 5 per cent., and New Zealand 10 per cent. CUSTOMS REVENUE. Customs revenue collected at the port of Wellington yesterdav totalled £4642.

WAR LOANS- £ s. d. £ s. d. 44 D.c. Insc. Stock. 1938 — 97 J. 6 54 n.c. Insc. Stock. 1933 —• 101 17 6 4* n.c. War Bonds. 1938 % 15 0 — 5 n.c. P.O. Bonds. 1927 97 5 0 — 5 n.o. P.O- Insc. Stock. 1927 97 b 0 DEBENTURES— N. Canterbury Bos. Bd. 54 n.c.. 1932 98 0 0 V. Well. Racine Club 108 0 0 uOtago Harbour Bd.. .5 p.c.. 1934 93 0 0 —- BANKS— Australasia 13 0 0 13 1 b National — 6 14 0 New Zealand • — 2 10 b Union — 14 19 0 FINANCIAL— N.Z. Loan and Merc. (ord.) 82 0 0 — Well. Deposit & Mortgajre —— 0 9 GAS— Wellington (£10) 13 12 b •— INSURANCENational 3 17 0 4 0 0 South British 1 19 6 —— MEAT PRESERVING- . N.Z. Refrieenat. (10s.) Well. Meat Exp. (£3 0 11 3 — 12s. 6d.) — 2 2 0 TRANSPORT— Adelaide Steam 1 0 h . Huddart-Parker (ord.) 2 o 3 — Do. (pref.) 1 0 6 — N.Z. Shipping (pref.) — 9 10 0 COALWestport — 2 0 b TIMBER— Kauri 1 8 3 —— Leyland-O’Brien 1 18 b — Rotoiti 1 2 3 —— Tarimramutu 1 12 0 — MTSCELT-A NEOUS— 2 13 Howard Smith 2 12 6 6 National Electric 0 19 0 0 19 9 N.Z. Drutr 3 6 9 Wairarapa Farmers 0 17 (pref.) — b N.Z. Express (ord.) ... 0 15 0 —. MINING— Waihi 1 9 0 1 9 9