FARMING & COMMERCIAL

Dominion, Volume 18, Issue 117, 9 February 1924, Page 10

FARMING & COMMERCIAL

NEWS AND NOTES

AUCTION SALES / FORTHCOMING FIXTURES. TO-DAY. Sa 1 es will bo held at; — Baiideiey Bros/ Yards, Kakatahi, 12.30 p.m.—Annual Ewe Fair (Smith, Webster and Co.). Boat Harbour, Clyde Quay. Wellington, 2.30 p.m.—Sale of launch (C. W. Price). MONDAY. 10 Boston Terrace, Wellington, 1.30 p.m. —Sale of furniture (E. Johnston and Co.). 4 Crosby Terrace, Wellington, 1.30 p.m. Salo- of furniture (Vine and W’ilson). TUESDAY. Dannevirke, 10.30 a.m. —Sale of music business, account Mr. P. V. Webber (R. Roake and Son). Wanganui, 11 a.m.—Sale of stud and Hock nyns (Dalgety and Co.). Taumarunui—Sheep fair (Abraham and Williams). Branspeth Cross Road Yards, near Masterton, noon —Annual stock sa.e (Wright, Stephenson and Co.). 105 Customhouse Quay, Wellington, 2.30 p.m,—Sale of brick residence, situated 4S NLulgrave Street (S. G. Nathan and Co.).

FARMING INTERESTS

AUCKLAND WOOL SALE RECORD FOR DOMINION CLAIMED 99 PER CENT. OF OFFERING SOLD Br Telegraph—Press Association. Auckland, February 8. The second wool ,sale concluded today. Of the 22,580 bales catalogued, 99 per cent, was cleared. The wool opened up in excellent condition, there being a large number of very attractive lines, including one line of 750 bales of Romney crossbred from Gisborne. The lambs’ wool also included some excellent lines, but a considerable percentage was carrying a medium to a large amount of seed. Bidding was keen throughout, the demand improving somewhat as the sale proceeded. "Super lambs made up to 26}d., which is claimed as a record price for the Dominion. Medium to low crossbreds, which comprised the bulk of the catalogue, generally showed an advance of Id. to ljd. per lb. on recent southern prices, and an increase of 3d. to 4d. on tho last Auckland sale rates for similar wool. There was great demand for bellies, pieces, and crutchings, which showed a substantial advance on the last sale. Continental buyers were very active, and secured about 50 per cent, of the catalogue, the bulk of the remainder going to Bradford. The range of prices, compared with I'ast sale, was as follows: — Present Last Sale. Sale, d. d. d. d. Halfbrfeds— Super 25 to 28 22 to 24} Average 21 to 25 19 to 20}

PRICES UNCHANGED AT LONDON SALES. ■ (Rec. February 8, 7.20 p.mj . London, February 7, At the wool sales there were/average offerings of all grades of greasies. The market is firm but prices are un-changed.—Aus.-N.Z. Cable Assn. IMPROVED TONE AT .BRADFORD. (Rec. February 8, 7.20 p.m.) London, February 7. The Bradford tops market is quiet, with a slight improvement in tone. Quotations: Sixty-fours, (>9d. per lb.; sixties, 62d.; fifty-sixes, 47-Jd.; fifties, 38d.; forty-sixes, 24d.; forties, 21d.— Aus.-N.Z. Cable Assn. £ DAIRY PRODUCE /LONDON QUOTATIONS. (Rec. February 8, 7.20 p.m.) London, February 7. The butter market is easier New Zealand, 2045. to 2065. per cwt.; Australian, 1945. to 1965. For unsalted there is practically no demand. ( Cheese is quoted at 100 s. per cwt. for white and 102 s. for coloured.— Aus.-N.Z. Cable Assn. ' Messrs. Dalgety and Company Limited report having received the follow ing cablegram from their London house under date February 7 (last week’s quotations are given in paientheses) :— Butter. —Very slow market. We quote: Now Zealand salted, 204 a (2OSs.); • New Zealand, exceptional brands, 208 s. (210 s. Danish, 2165. (2175.); finest Australian, salted 198 s. (2025.), unsalted 1965. (2025.). Cheese.—Market firm owing to reduced stocks. New Zealand, coloured 105 s. (1055.), white! 104 s. (1045.) ;■ Canadian, 104 s. (1055.). FROZEN MEAT MARKET i LATEST QUOTATIONS. Messrs. Dalgety and Co., Ltd., report having received the following cablegram from their London house under date February 7: — Lamb.—Nov.’- Zealand prime crossbred lamb, Canterbury, heavy 9jd., light tOJd.; North Island, heavy B}d., light lOd. Demand for New Zealand lamb moderate. Market weaker. Mutton. —New Zealand prime crossbred mutton, North Island, heavy 73d., light Sid. Demand for New Zealand mutton has been checked by increased prices asked. Market dull, but sellers are firm. Beef. —Now Zealand prime ox beef, binds 4d., fores 3}d. Demand for New Zealand beef active. Market firm. Australian Frozen Meat. —Good average quality crossbred. lamb, heavy Bd., light lOd. Demand for Australian lamb runs principally on light weights. Good average quality, crossbred mutton, heavy 6}d., light 7d. Demand for Australian mutton fair. LONDON TALLOW SALES Messrs. A. H. Turnbull and Co. are in receipt of a cablegram from Messrs. W. Weddol and Co. Ltd., dated London, February 6, reading as follows:— “Tallow market unchanged; 460 casks were offered, of which 156 casks were sold.” FAT STOCK FOR EXPORT PRICES OFFERED THIS WEEK. The New Zealand Meat Producers’ Board advises that tho following prices were being offered on February 7: — Auckland. —Wethers, 641 b. and under, 6d.; ewes, G4lb. and under, 4}d.; prime woolly lambs. 421 b. and under. B|d., 431 b. and over, B}d.; second quality lambs, B}d.; prime ox beef, 20s. per 1001 b. Poverty Bay.—Wethers, 64'.b. and under, 6d.; ewes, Glib, and under, 41d.; prime woolly lambs, 421 b. and under, B}d., 431 b. and over, Scl; second quality lambs, 7}<l.; prime ox beef, 20 s. per 1001 b. Hawke’s \ Bay .—Wethers, 641 b. and under, 6}d.; ewes. Glib, and under. 4Jd.; prime woolly lambs, 421 b. and under, 9}d.; second quality lambs, Bjd.; prime ox beef, 20s. per 1001 b. Wanganui— Wethers, 641 b. and under, 6Jd.; ewes. 641 b. and under, 41d.; prune woolly lambs. 421 b. and under. 9{d., 431 b. and over, B}d.; second quality lambs, 81d.; prime oix beef, 20s. per 1001 b. 'Wellington.—Wethers, 641 b. and under,

6}d.; ewes, 641 b. and under, 4Jd.; prime woollv lambs, 421 b. and under, 9Jd., 431 b. and over, B|d.; second qxiahty lambs, SJil.; prime ox beef, 20s. per 1001 b. Canterbury.—Wethers, 641 b. and under, GJd.; ewes, 641 b. and under, 5d.; prime woolly lambs, 421 b. and under, IOJd., 431 b. and over, lOd.; second quality lambs, ojd. Southland.—Wethers, 641 b. and under, 6Jd.; ewes, Glib, and under, 4&d.; prime woolly lambs, 421 b. and under. 91d.; 431 b., and over, 9d.; second quality lambs, Bjd.

REDWATER FEVER THE OUTBREAK IN NEW SOUTH WALES. Sydney, February 8. The outbreak of red water fever in the Tweed district is spreading. Stock officials are convinced that a number of cases have occurred which have not been reported.—Press Assn.

COMMERCIAL ../MS f

WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES A sale of Kauri Timber shares at 295. 3d. was reported at the morning call" yesterday. At the afternoon call a sale of 44 per cents stocks, 1938, at £96 17s. 6d. was made on Change and another sale at the same price was reported. Other sales reported were Bank of Neiv South Wales at £4l 7s 6d., Bank of New Zealand at £2 Ils. IOJd. and £2 11s. 9d. (two parcels), and Wellington Gas, £lO paid, at £l3 17s. 6d. There was a fair demand for the 4| per cents., buyers offering £96 12s. 6d. for stocks and bonds. For the 5 per cents £97 was offered. Bank shares were steady, with buyers of Bank of Australasia at £l3, Bank of New South Wales at £4l 2s; 6d., and Bank of New Zealand at £2 Ils. 6d. Loan and Mercantile ordinary stocks were firm at £B4, AVellington Trust and Loan at £5 12s. Gd. ex dividend. Christchurch Gas shares were in demand at £7 17s. and Wei-, linc'ton Gas at £l3 16s. Gd. cum dividend. Gear Meat shares were 10d. higher at £2 2s. 7d. There were buyers of Huddart Parker ordinary shares at £2 2s. 9d., and P. and 0. Deferred Stock at £295. Wellington Woollen shares ex rights were firm at £6 16s. and the Rights were in demand at £3 2s. 6d. Timber shares ivere firm ivith buyers of Leyland O’Brien Timber at 38s. 9d., Rotoiti Timber at 235., Taringamuta Totara at 335. Crown Brewery shares were very firm at £3 Is. ex dividend. Yesterday’s buying and selling quotations were as follow: —

SALES IN OTHER - CENTRES' By Telegraph—Piiess Association. Christchurch, February 8. Sales reported.—New Zealand Government 5 ner cent. Inscribed, £97 10s.; Union Hank, £l4 13s. 6fl. tfive parcels); Goldsbrough, Mort, 495. Cd.; Now Zealand Refrigerating (cont., cum dividend), Ils. 3d.; Ward’s Brewery, 455.; New Zealand Paper Mills, 235. 6<1.; Waihi, 325. 3d., 325. 6d. Sales. —Huddart-Parker, 435.; New Zealand Refrigerating (eont., cum div.), Ils. 3d.; Manning’s Brewery, 38s. 3d.; Christchurch Gas (ex dividend), £7 19s. Dunedin, February 8. Sales: Paper Mills. 235. 7d.: Waihi. 32s 6d. (three parcels). 325. 4d.: Bank of New Zealand. 51e. 9d., 52e. Sales reported: Bank of New Zealand. 51s. 9d. (two parcels); Huddart-Parker, 42e. 9d. Auckland, February 8.

Sales: Auckland City Debentures (1940). £94 10s.: Bank iof New Zealand. 51s. 9d.; Taupiri Coal. 195.: National Pictures, 18e. 6d.; New- Zealand Paper Mills 235. 6d.; New Zealand Refrigerating (contributing) lie. 3d-; Wilson’s Cement. 31s. 3d.: Moona> taiari. 3s. 2d.; Waihi. 325. 3d.. 325. 6d.; Grand Junction. 6s. 4d., 6s. 5d.. 6s. fid.

rme Crossbred. • Super to 21| 18 to 191 Average 17 to 181 16J to 1/ Inferior 15 to 161 14 to loj Medium CrossbredsSuper 18 to 19J 15 to 161 Average 16 to 171 12 to 141 Inferior 14 to 15 10 to 111 Coarse Crossbred — Super 16 to 161 11 to 121 Average 14 to 151 10 toll Inferior 13 to 14 9 to 91 Low Crossbred — Average 13 to 15 9 to 10 Hoggets— Super 21 to 251 16 to 171 Medium 18 to 20 14 to 151 Coarse ......i.. 15 to 16 121 to 141 Lambs— Fino 22 to 26J 15 to 18! Medium 16 to 19 13 to 141 Seedv and infr. 8-J to 12J 7 to 10 Crutchings — Med. to good 11 to 14 J 6} to 8 Seedy and infr. 6 to 10 51 to 6 Bellies and Pieces — Good to super 15 to 18! 12 to 141 Low to medium 81 to 12 8 to 10 Locks Crossbred 71 to 9} 4 to 51

Buyers. Bellers WAR LOANS- £ s. i i. £ e. d. 4$ p.o. Insc. Stock. 1939 96 12 6 — p.c. Insc Stock. 1938 96 12 6 — M p.c. Insc. Stock, 1933 — 101 15 0 4A p.c. War Bonds, 1939 96 12 6 —— 4i d.c. War Bonds, 1938 96 15 0 97 0 0 5 p.c. P.O. Bonds. 1927 — 97 12 6 5 p.c. P.O. Insc. Stk.. 1929 97 0 0 — DEBENTURES— N Z. Breweries 1 0 9 — BanksAustralasia 13 0 0 •— 6 14 0 New South Wales 41 2 6 — New Zealand 2 11 6 2 12 3 ■ 14 13 6 FINANCIAL— N.Z. Loan and Merf. (ord.) 84 0 0 Well. Trust. Loan, ex div 5 12 0 — Well. Deposit and Mort0 9 0 0 9 6 GASAuckland, ex div — 1 6 0 Christchurch, ex div. . 7 17 0 Wellington. cum (£10) 13 16 6 IN SURANCE— National —- 3 19 0 2 0 0 MEAT PRESERVINGN.Z. Refriger.. ex div. (£1) _M 1 3 0 Do. (10s.) — 0 11 3 Cl e a r 2 2 7 — Well. Meat Export (£3 12s. 6d.) — 2 1 6 TRANSPORT— Huddart-Parker (ord.) 2 2 9 2 3 3 Do. (pref.) 1 0 6 —— N.Z. Shipping (pref.) — 9 10 0 Union Steam (pref.) ... —— 1 0 6 P. and 0. Def. Stock I 295 0 0 305 0 0 WOOLLEN— Well.'(ord and pref.) . 6 16 0 —— Do. (rights) 3 2 6 M.M. COAL— Hikurangi (prof.) 0 10 0 M-— Westport-Stockton — 0 4 6 Waipa 0 17 0 TIMBER— Leyland-O’Brien 1 18 9 Bo’toiti 1 3 0 — Taringamutu 1 13 0 —■ National 1 0 0 — MISCELLANEOUS— Crown Brewery ex div. 3 1 0 3 3 0 Dental and Medical Supply — 1 1 0 Howard Smith —- 2 13 0 Manning and Co —.- 1 8 6 Wairnrapa Farmers* (pref.) —• 0 IV 6 N.Z. Breweries 1 2 0 — MINING— Waihi 1 12 0 1 12 9