FARMING & COMMERCIAL

Dominion, Volume 18, Issue 99, 22 January 1924, Page 10

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES FORTHCOMING FIXTURES. TO-MORROW. Sales will be held at: — Manawatu Showgrounds, Palmerston N., 11 - a.m.—Sale of Romney Marsh rams On account Messrs. E. and N. Short (Murray, Roberts). Kaituna, near Pougaroa, 1 p.m.—Sale of Romney breeding flock, on account J. D. Speedy (Wairarapa Farmers). Johnsonville, 2 p.m.—Stock sale. 195 Lambton Quay, Wellington, 2.30 p.m.—Salo of property (Harcourt and Co.). Chamber of Commerce, Customhouse Quay, Wellington, 2.30 p.m.—Sale of bungalow, situate 91 Duncan Terrace (H. E. Leighton). Comer St. Aubyn and Miller Streets, Hastings, 2.30 p.m.—Sale of business and house property (Gill Bros.). THURSDAY. Santoft, near Marton, 12.30 p.m.—Sale of stock, on. account R. H. Trotter, Esq. (Abraham and Williams). Dominion. Avenue, Wellington, 1.30 p.m. —Sale of Nash motor-car (Vine and Wilson). Waikanae, 1 p.m.—Stock sale. LONDON MARKETS HIGH COMMISSIONER’S CABLED REPORT The Department of Agriculture has received the following cablegram', dated January 19, from the High Commissioner for New Zealand, London: — Butter. Fair trade passing, market steady. Official quotations are:— New Zealand.—Salted, finest: January 19, 208 s. to 2125. per cwt. (Is. 10-Jd. to Is. 10i}d. per lb.); January 12, 2125. to 2145. per cwt. (Is. to Is. lid. per lb.), exceptional 2165. per cwt. (Is. lid. per lb.); January 5,210 s. to 2165. per cwt. (la. 103 d. to Is. lid. per lb.). Unsalted: January 19, 2125. to 2145. per owt. (Is. 10-J-d. to Is.' lid. per lb.); January 12, 2165. to 218 s. per cwt. (Is. lid. to Is. HJd. per lb.); January 5, 2165. to 218 s. per cwt. (Is. lid. to is. lljd. per lb.). Other qualities: January 19, 180 s. to 2065. per cwt. (Is. 7id. to Is. lOd. por lb.). Australian.—Salted, finest: January; T 9, 2025. to 2045. per cwt. (Is. 9?d. per • lb.); January 12, 2045. to !;06s. per cwt. (Is. 9Jd. to Is. lOd. per lb.) ; January 5, 2025. to 2065. per cwt. (Is. 9j?<l. to Is. lOd. per lb.). Unsalted: January 19, 2045. to 2065. per cwt. (Is. 9#d. to Is. lOd. per lb.); January 12, 2045. to 208 s. up to 210 s. per cwt. (Is. 9-Jd., is. 10fd., to Is. 103 d. per lb.); January 5, 2045. to 208 s. per cwt. (Is. 9Jd. to Is. lOd. per lb.). Other qualities (salted and unsalted): January 19, 180 s. to 200 s. per cwt. (Is. 7Jd. to Is. 9jd. per lb.). Argentine.—Finest: January 19, 180 s. to 184 s. up to 180 s. per cwt. (Is. 7Jd., Is. 73d. to Is. Bd. per lb.); January 12, 180 s., 1865., up to 188 s. per cwt. (la. 7id., Is. Bd., to Is. Sid. per lb.); January 5,180 s. to 186 s. per cwt. (Is. 7Jd. to Is. Bd. per lb.). Other qualities: January 19, 160 s. to 178 s. per cwt. (Is. sd. to Is. 7d. per lb.). Danish (steady demand). —January 19, 2205. to 2225. per cwt. (Is. lljd. to Is. par lb.); January 12, 2225. to 2245. per cwt. (Is. lljd. to 2s. per lb.) ; January 5, 2205. to 2225. per cwt. (Is. Hid. to Is. per lb.). Cheese. Fair trade passing; market remains steady. Small supply of finest and fine Canadian. The higher prices are being obtained for September makes. New Zealand steady. Official quotations are : English.—Finest farmers: January 19, January 12, and January 5, 1355. to 1455. tier cwt. (Is. 2Jd. to Is. 3|d. per lb.). Canadian. —Finest and fine: January--19, coloured 104 s. to 110 s. per cwt. (lid. to lljd. per lb.), white 104 s. to 110 s. per cwt. (lid. to lljd. per lb.); January 12, coloured 1045., 110 s. up to 112 s. per cwt, (lid., lljd., to Is. per lb.!, white 104 s. to 110 s. per cwt. (lid. to lljd. per lb.); January 5, coloured 106 s. to 110 s. per cwt. (11 Jd. to 11-Jd. per lb.), white 104 s. to Ills, per cwt. (lid. to Is. per lb.). New Zealand. —Finest: January 19, coloured 104 s. to 1065.' per cwt. (lid. to lijd. per lb.), white 104 s. to 105 s. per cwt. (lid. to Hid. per lb.); January 21, coloured 1025., 1045., up to 106 s. per cwt. (10|d., lid., to lljd. per lb.), white 102 s. to 104 s. per cwt. (IOJd. to'lid. per lb); January 5, coloured 104 s. to *lo6s. per cwt. (lid. to lljd. per lb.), white 102 s. to 106 s. per cwt. (lid. to lljd. per lb.). Shipment of New Zealand produce arrived this week per s.s. lonic. Casein. Little business being done. Nominal quotations are: French rennet £7O to £BO per ton. Argentine lactic £46 to £56 per ton. Honey, Demand is good for low grades an.d market firm. Superior grades quiet. Quotations are: New Zealand light amber, 475. 6d. to 755. per cwt.; medium, 455. to 50s. per cwt.; dark, 425. 6d. per cwt., white, 7os. to 90s. per cwt.; Cali-

n.ii.i.i, 555. to 70s. per owt.; West Indies, 355. to 655. per cwt. Hemp and WoolHemp.—Manila, little movement, somewhat weak and neglected. J grade sold January-March shipments £34 10s. to £34 15s. per ton. New Zealand market quiet. Highpoints quoted at £36 fair grade, £33 values. Wool. —On account of rising values of raw material Bradford topmakers finding position difficult and business restricted. Quotations for tops are: 64’s (merino), ss. sd. to ss. 6d.; 56’s (super halfbred), 3s. Bd.; 40’s (prepared coarse crossbred), Is. 10|d. Eggs. English production is increasing, and buyers are holding off in anticipation of fowor prices. Market remains firm and active for cheaper selection. English, Irish, Danish, Dutch, 235. to 295. per long 100; Italian, Spanish, 225. to 245. 6d. per long 100; Moroccan, Egyptian, Chinese, 12s. to 17s. 6d. per long 100. OTHER ADVICES ■The Bank of New Zealand, produce department, has received tbe following advice from its London office, under date January 18:— Butter.— Steady; 210 s. to 2125. per €Wt. Cheese. —Slow; white, 104 s. per cwt; coloured, 104 s. to 105 s. per cwt. Frozen Meat—Thh market for wether mutton firm, but there is little doing. Ewes are in good demand. Lambs are in poor demand. There is a fair demand for beef. Wethers, light Bd. to 83<1. per lb., heavy 6Jd- to 7 3d.; ewes. 5Jd. to 7d.; lambs, under 42’s 9jd. to lljd., over 42’s 9d. to 9jd., seconds 9£d. to 10J., prime new seasons 12d. to 12Jd., Australian 9}d. to IOJd., Argentine 9Jd. to 1,0 d.; ox, hinds 4d. to 43d., fores 33d. to 33d.; cow, hinds 3L to 4d., fores,Bd. to 33d. Messrs. Dalgety and Company, Limited, report having received the following cabfegram from their London house, under date January 18: “There were 34,090 bales of wool offered at the Liverpool B.A.W.R.A. sales, and there was a good clearance. Thcrh was keen competition. English buyers being the principal operators. As compared with last sale’s closing rates at London, prices are as follow: Cross, bred wools, fine quality, 15 per dent, higher, medium quality 20 per cent, higher, coarse quality 15 to 20 per cent, higher ” , „ T . Messrs. Dalgety and Company, Limited, report having held a. successful : clearing sale at Akatarawa on Janu- ! ary 18 on account of Dr. G. P. Knight, who has lately disposed of his holding there. There was a large attendance, buyers being present from Levin, Manawatu and Te Kuiti districts. Considering tbe present dry state of the country, the prices recorded were most satisfactory, every line being disposed of under the hammer at the following rates:—lls 4-tooth ewes, 265.; 600 2-tooth ewes, 245. sd. to 245. 6d.; 350 2-tooth ewes, 245. 6d. to 245. 9d.; 2-tooth wethers (medium), 21s.’ 6d.; 5-year old ewes, 18s.; 250 ewe lambs, 15s. 9d. : small wether lambs, 10s. to Ils. 6d. Cattle. 2-year-old P.A. heifers, £2 10s.; 17 dairy heifers, £3; yearling steers, £2 ss. WAIRARAPA P. & A. SOCIETY MONTHLY MEETING. (Fioni Our Own Correspondent.) Carterton, January 21. The general committee of the Wairarapa P. and A. Society met at Martinborough on Saturday, Mr. J. G. Oates presiding. The financial statement showed an overdraft of £1513 19s. sd. Receipts since last meeting £ll3 12s. 5d., and accounts amounting to £232 14s. 2d. were passed for payment. In connection with the Wellington winter show proposal, it was explained that it had been decided to hold the winter show at Wellington this year in the Harbour Board’s buildings, and while the society was not asked to accept any financial responsibility, help was wanted to make the exhibition of stock and produce a creditable one. The promoters intended to concentrate on early matured stock, and to have a mini lure refrigerating plant to show the process through which stock went before it reached the consumer at Home. After a general discussion, it was decided to give the proposal the society's moral support. It was decided to give every assistance to the Royal Show to be held at Palmerston. North in November next. An exhibitor, who lost an exhibit of knitted sox is to compensated to the amount of 10s. It was reported that arrangements were being made to replace the Licensed Victuallers’ Cup, won outright in the cheese section at the last show. Six new members were elected, and one resignation accepted. WHOLESALE PRODUCE PRICES Messrs. Laery and Company. Limited, Wellington, report wholesale prices as follow:—Peameal, £9 10s.; wheatmeal, £ll 10s.; linseed meal, 18s. 6d.; linseed nuts, 16s. 6d. ; nieatmeal, for poultry, 15s. 6d. ; shell grit, 6s. 1001 b. ; fov/1 wheat, choice whole 5-sack lots clover 6s. 10d., lesser quantities 7s. bushel, sacks Is. Id.; shelled oats, for chickens, 6s. bushel; mixed fowl feed, 5-sack lots or over ss. 9d., lesser quantities 6s. bushel, sacks in; oats, machine dressed seed Algerians 6s. 2d., feed Gartons 4s. 7d., crushed 4s. lid., sparrowbill 4s. 7d., seed Gartons 4s. Bd., 4s. 9d. bushel, sacks in; peas, feed ss. 3d., Prussian blue Bs.; partridge peas, 7s. 6d. bushel, sacks in; maize, whole 6s. 6d., cruhed 7s. ; butter, farmers’ -separator and dairy. Is. 3d. to Is. 4d. lb. ; eggs, first grade new laid Is. sd. to Is. 6d.. storekeepers’ lines Is. 4d. doz.; fowls, white leghorns 4s. to 55., black Orpingtons and similar heavy varieties 7s. to 7s. 6d. pair; ducks, runners, good Bs. to 95., inferior 6s. to 75., large white 10s. to 13s. pair; turkeys, Is. 3d. to Is. 4d. lb.; geese, 10s. to 12s. pair; fungus, 7d. to Bd. lb. ; rock salt, 6s. 6d. cwt.; dressed pork. 60’s to 90’s, 6d. to 6}d. lb. ; chaff oaten sheaf, Blenheim price, £9 15s. ton, sacks in; straw chaff, for chickens or cow feed, £6 15s. ton. sacks in: new potatoes, choice white, 9s. to 11s. cwt. ; bran, ?,-ton lots or over. £7; pollard, 1-ton lots or over, £8 Iss. ton; sucrosine, £ll ton. RABBITSKINS Messrs. Dalgety and Company, Limited, report having received a cablegram from their London office on the ' prices realised at the January sales. The November prices are also given for comparison:— Full -winters, thin pelts, prime, November, 90d. ; January, lOOdl. Full winters, slightly .November 70d.; Steif .

Full winters, medium pelts, prime, November, 82d.; January, 90d. I'till winters, medium and stout pelts, November, 80d. ; January, 86d. Full winters and fairly seasoned (butchers), November, 45d.; January, 50d. Fair season and incoming, November, 50d. to 60d. ; January, 65d. Late winters, November, 43d, to 48d.; January, 50d. Outgoing and spring, November, 36d.; January, 42d. Early autumn, November, 38d.; January, 42d. Late autumn November, 43d.; January 46d. Autumn racks, November, 32d.; January, 36d. Light racks, November, 30d.; January, 34jd. Mixed racks, November, 28d.; January, 32d. Milky, fair to good, November, 36d.; January, 40d. Milky, medium and poor, November2, 27d.; January 30d. Inferior and damaged, fair to good, November, 36d. to 45d.; January, 45d. Inferior and damaged, medium to poor, November, 27d. to 32d.; January, 28d. Kittens and suckers, November, 223 d.; January, 23d. Black and silver grey, November, 26d. to 80d.; January, 75d. Fawn, November, 56d. to '75d.; January, 60d. to 75d. Good demand for rabbitskins, 2690 bales offered, 1855 bales sold, furriers firsts, second 5 per cent.; hatters 10 per cent., sometimes 15 per cent, dearer; most descriptions New Zealand 10 per cent, dearer. THE LINSEED MARKET The Department of Agriculture has received advice from Calcutta, dated December 4, stating that stocks of linseed are plentiful, although the season is get. ting on, and the new crop will not be on the market till April next. The rate quoted six months ago was exactly the same as that ruling in December. which points to supply and demand being equally balanced. Unless the crop proves abnornlal, it was not anticipated that there would be any great alteration in prices, and present stocks appear to be ample _ to satisfy buyers until the new seed arrives. Local demand was comparatively light, in vnew of the heavy stocks of oil in the country and small export business. COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES Sales of 43 jier cent. War Bonds. 1939 and 1938, each at £96 17s. 6d., Bank of Australasia shares at £l3 Is.. Bank of New Zealand shares at £2 10s. 3d., and Howard Smith shares at £2 135., reported at the afternoon call, were the only transactions recorded yesterday. The 43 per cents, were in demand at £96 155.. and the 5 per cents. P.O. Stocks end Bonds, 1927, at £97 55., There were buyers of Bank of Australasia shares at <£l2 195., National Bank shares at £6 125., and Union Bank shares at £l4 lc3. New Zealand Loan and Mercantile ordinary stock rose another £1 to £B3. Wellington Gas shares. £lO paid, were slightly firmer at £l3 13s. There were buyers of National Insurance shares at £3 17s. 6d., an advance of 6d., Adelaide Steam at 205., and HuddartParker ordinary shares at £2 2s. 6d., a rise of 3d. Timber shares continue very firm at late rates. There were buyers of Manning and Co. Brewery shares at 255. 9d., Ward and Co. at £2 3e.. and National Electric shares at 19s. Yesterday’s buying and selling quo-

SALES IN OTHER CENTRES By Telegraph—Press AssociatiowAuckland. January 21. Sales—Bank of New Zealand. 495. 9d.: Union Bank. £l4 17s. 6d.: New Zealand Insurance. 30s. 6d.; Auckland Gas. 255. fid.: Parker Lamb Timber 295.: Milne and Choyce Debenture Stock. 225. fid.; Wilson’s Cement. 30s. 6d.: Waihi. 295. 3d. Christchurch. January .21. Sales reported—Union Bank £l4 18s. 6d.; Mannintrs's Brewery. 265. 4d. (three parcels); New Zealand Refrigerating (eon.), 12s. Sales on ’Change—New Zealand Govern ment 5 per cent. Inscribed Stock (1927), £97 10s.: Bank of Australasia. 13s. Id.; Huddart-Pnrker. 425. 9d.; Manning’s Brewery 265. 3d. (three parcels). Dunedin. January 21. Sales reported—Wilson’s Cement. 30s. 3d.; Bank of New Zealand, 50s. WAX VESTAS IN WOOL expensive carelessness “The Wool Record and Textile World” of November 15, published at Bradford, in its issue of November 15, 1923, draws attention to the presence of wax vestas in New Zealand wool, and says: “A correspondent who states that he has frequently seen wax vestas in New Zealand scoured wools — more often in locks than in pieces—has sent an interesting sample of a match that was hidden in a lot cf locks and passed through the dyeing process. The heat of the dyeing liqour melted the wax and left the cotton strands in a neat little bundle ready to be distributed in the process of carding. Our correspondent adds that he has often had trouble in burling woollen goods owing to the presence of these cotton fibres, and we entirely agree with him that this would be obviated if those who handle the wool in the initial stages would take precautions to prevent such foreign matter finding its way into the wool. Of course, it is merely lack of thought on the part of shearers or classer or other persons in the departments where the wool is prepared for shipment. Some of these men little dream of the consequences of throwing spent matches of this type among the material upon which they are working. It is one of the little things, lew ever, which, if known to be a scree of annoyance and expense in the manufacturing process, could and would be .easily avoided.”

tations were as under: — Buyers. Sellers. WAR LOANS- £ s. d. £ b. d. 4$ p.c. Inac. Stock. 1938 — 97 2 6 4i p.c. War Bonds. 1938 96 15 0 — 5 p.c. P.O. Bonds. 1927 97 5 0 — fi p.c. P.O. Insc. Stock. 1927 97 5 0 BANKS— Australasia 12 19 0 13 1 6 National 6 12 0 6 14 0 New Zealand — 2 10 6 Union 14 18 0 15 0 0 FINANCIAL— N.Z. Loan and Mero. (ord.) 83 0 0 — Wellington Deposit — 0 9 6 GAS— Wellington (£10) 13 13 0 14 0 0 INSURANCE— National MEAT PRESERVING— Well. Meat Exp. (£3 3 17 6 4 10 12s. 6d.) 2 2 0 TRANSPORTAdelaide Steam too — Huddart-Parker (ord.' 2 2 6 —- Huddart-Parker (pref.) 10 6 —. N.Z. Shinning (pref.) ... —- 9 10 0 Union Steam (pref.) ... — 10 6 COALWestport ■"I1 19 9 Westport-Stockton (ord.. —• 0 5 3 TIMBER— Kauri 18 3 •— Leyland-O’Brien 1 18 6 — Rotoiti :.. 12 6 —— Taringamutu 1 12 0 —• National Timber 10 0 MISCELLANEOUS— Dental and Medical ... ■ - 110 Gates. Ltd —— 0 12 6 Howard Smith — 2 13 t Manning and Co 15 9 — National Electric 0 19 0 10 0 Wairarapa Fanners (pref.) — 0 17 6 Ward and Co 2 3 0 —— MINING— Waihi 1 9 t