FARMING & COMMERCIAL

Dominion, Volume 18, Issue 177, 21 April 1924, Page 10

FARMING & COMMERCIAL

NEWS AND NOTES ;

AUCTION SALES FORTHCOMING FIXTURE*. TO-MORROW. Sales will be held nt:— Dominion Avenue, Wellington. 2 pm.— Sale or furniture end pianos (Vino and Wilson). WEDNESDAY. Levin Yards, 1 p.m.—Sale of Mr. R. Greig’s dairy herd (N-Z Loan and Mercantile Agency Co. Ltd.l. Dominion Avenue, W olHngton. ly-po a.m. Salo of electrical goods (\ mo and Wilson). THURSDAY. O'd Bushy Bark Homestead, near Kat Iwi. Wanganui. 10.30 a.m.-bale of mfc and Sawmilltag Plant. d* 150 cutting rights (Dalgety and Cod, Featherston Street V ellingtcm -.30 p.m.—Sale of sections at K.irenana Bay. Plimmerton Extension (J- H. Quay W to gl 2.30 p.m.—Salo of and 6 roomed residence situate Rona Bay (S. G. Nathan).

FARMING INTERESTS

FROZEN MEAT MARKET LONDON QUOTATIONS. (Ree. April 19, 5.5 London, April 18. Following are tho latest quotations for frozen and chilled meats:— Sheep. Canterbury, light 7RI. per lb., medium 7d.. heavy G>d. .. , North Island, light G’d, medium 6Jd., heavy 6{d. New Zealand, ewes sfd. Argentine, heavy 4-Jd, ewes 4-d. Lambs. Canterbury, light lOd, medium 9Jd„ seconds 9Jd. Other selected, light 9?d, medium 9Jd. North Island, firsts. Old. seconds 9d. Australian, firsts, Victorian, 9d.; seconds, Victorian, BJd.; others, 8.d.; thirds, 8-Jd. , Frozen Beef. Argentine, fores 3Jd., hinds 5Jd. Uruguay, fores 3|d, hinds 5Jd. Chilled Beef. Argentine, fores Id., hinds 62d. Uruguay, hinds Cjd. Other sorts are unchanged in price.— Aus.-N.Z. Cable Assn. Messrs. M. A. Eliott, Ltd., Palmerston North, have received cabled advice from Messrs. Gilbert Anderson and Co., Ltd., London, of the following Smithfield prices for the week ending April 18, 1924. These prices are on the "delivered” basis, that is, including storage charges, cartage, etc.:—North Island prime Down lambs, up to 361 b, IOJd., 361 b. to 421 b., 9jd, 421 b. to sO’.b, 9>d.; best North Island prime crossbred lambs, up to 421 b., 9’d.; ordinary North Island lambs, up to 421 b., 9Jd.. second quality, up to 421 b, 9d.;best North Island wethers and/or maiden ewes, 481 b. to 561 b., 7-Jd„ 5G!b. to G4lb, OJd, 641 b. to 721 b., 6Jd.; ordinary North Island wethers and/or maiden ewes, 48 b. to 561 b., G2<l, 561 b. to 641 b., Gid., 641 b. to 721 b., North Island ewes, up to G4lb., 5Jd., Glib, to 721 b., 4jd., over 721 b., 4Jd. Remarks:—Down prime lambs, no change; other lambs, Id. to Jd. higher; wethers, <d. to jd. lower; ewes, -Jd. to fd. lower. “A FINE POINT” CLAIM FOR BALANCE DUE ON PURCHASE OF SHEEP. Br Telegraph—Press Association. Blenheim, April 19. In a case before the Magistiate (Mr. Maunsell) to-day, wherein Clouston and Pyne, stock agents, sued Hugh Berryman, of Nelson, for the recovery of A'6B 175., balance due on a line of sheep purchased by the defendant at auction, Mr. A. E. L. Scantlebury (for defendant) moved for a non-suit on tho grounds that the persons suing were tho auctioneers, and they had no cause of action. If the auctioneers had no lien, said counsel, they had no right to sue. The Magistrate indicated that the point was a fine one, and had never before been raised in the Dominion, and said he would reserve decision. BRITAIN’S IMPORTED MEAT SOUTH AMERICAN SUPPLIES. The bulk of Britain’s supply of meat, freeh. and refrigerated, is being obtained from foreign, sources, mainly boutn America. This point is emphasised in Weddel’s review of the meat trade. It is pointed out that Britain’s supply of meat from the British Dominions was shrinking, while foreign supplies were increasing rapidly. Out of tho 933,699 tons of beef, mutton, and lamb imported into Great Britain last year, only 263,214 tons, or 28 per cent., were produced within the Empire. In 1922 the proportion. was 35 per cent., and in 19'20 it was 40 per cant. It bad hitherto been claimed that, although the Mother Country was obliged to take the bulk of its beef supplies from foreign sources, in the production of mutton and lamb the Dominions were supreme, both in quantity and quality. According to Messrs. Wcddel and Co. that supremacy is now being challenged by South America, from whence 38 per cent, of the mutton and lamb imports were received last year. So recently as 1920 tho proportion shipperl by South America was only 16 per cent. As regards quality, South America_ seems to be incapable of producing mutton and lamb of the high standard attained by New Zealand growers, but_a great improvement has been noticeable in recent, .years, and Argentine mutton can now command a considerable premium over tho price of Australian mutton, though it is etill much cheaper than the New Zealand article. PRIMARY PRODUCERS’ BANK FIRST BALANCE-SHEET. The Primary Producers’ Bank was formed in Australia about a year ago, and the first balance-sheet for the period ended February 29 shows a net profit of i£975. Deposits amount to .£300,220, and other liabilities to tho public are

.£42.108, comprised in bills in circulation and other amounts payable. Paidup capital is .£156,258, ana fliers is a premium reserve of .£33,393. total liquid assets amount to .£275,159, comprising Commonwealth notes and coin X'15,851, balances duo by other banks A 1173,945, Commonwealth bonds at cost A 33.201, and remittances in transit .£53,060. Bills discounted, loans, advances, and other assets are down at .£254,631. Furniture and fittings are valued at X 3166. The balance-sheet balances at X'532,956. STOCK SALES Messrs. Dalgety and Co., Ltd., Palmerston North, report on tho sales of the week as below: — At the Bulls sale on April 7 there was a small yarding of sheep and a very good entry of cattle. Quotations: —Small lambs, 10s.; medium lambs, 14s. 10d.; empty store ewes, 12s. 3d.; light fat ewes, 20s. 10d.; light fat lambs, 205., 21s. 6d., 225.; two-tootli wethers, 255.; empty cows, 305., 355., to 375.; store cows, 205.; two-year heifers, .£2 175.; light fat cows, JE3 7s. 6d. i£3 10s.; fat cows, X 5 55.; wcaners, 165.; store pigs, 21s. to 255.; porkers, 295. At the Ashhurst sale on April 9 there was a very fair yatding of both sheep and cattle, sheep selling- especially well. Quotations: Extra good woolly fat lambs, to 31s. 9d.; medium w.f. wether lambs, 14s. Bd., 15s. 6d.; small ewe lambs, 1.55. 4d.; fair b-f. lambs, 15s. Id.; good b.f. rape lambs, to 19s. 4d.; two-tooth wethers, to 295.; fat ewes, 255.; good wether lambs, 205.; aged ewes, r.w. Southdown rams, 165.; store ewes, 10s. 9d.; Shorthorn weaner heifers, 21s. to 245.; store cows, to 305.; forward cows, 345., U. 2 ’ t ?.' e2 , l2s -'' fat cows > “ C3 < la s-, A 3 l<s. 6d., to AL 55.; cows with calves, A2 2s. to A 3. ,n A L the Palmerst °n North sale on April 10 there was a small yarding of both sbj?cp ,S n< L □ cattle. Quotationsß.f. lambs, Ls. 6d.; cull ewes, 4s. 6d.; springing heifers, .£5; store cows, 17s. to 305.; fat cows, to A 4 175.; S.U. weaner heifers, 165.; Jersey cross weaner heifers, to 38s. At tho Feilding sale on April 11 there was a very good entry Oil lioth. sheep and cattle. There was a strong demand | ?V r a p classes, and practically every line changed hands. Quotations-Light lat lambs, 225. 7d.; fat ewes, 225. to 205.; empty store ewes, 12s. to 14s. Id.; m.a. ewes, in Jamb, 20s. to 21s. 2d.; cuil lambs, 7s. 7d. to Bs.; cull 2-tooth wethers, 19s. Bd.; 2-tooth wethers, 265. Id.; small w.f. lambs, 14s. 4d.; small b.f. lambs 12s. 6d. to 735. Cd.; woolly lambs, 20s. Wd.; good wether iambs, 20s. to 20s. 3d.; fair ewe lambs, 20s. 6d.; good ewe lambs, 245. 4d.; B.H. cows, r.w. 8.11. bulls, A2 12s. to A2 13s. Cd.; b.f. S.H. weaner steers, A2 3s. Gd.; b.f. S.H. weaner heifers. 315.; cull m.s. weaners, 145.; vealers, to. A2 10s. 6d.; fat cows. A 3 7s. 6d., A 4 Is., Al 7s. 6d. to A 5 195.; 18-month S.H. and Hereford steers. A2 17s. 6d.; forward cows, 355. to A2 ss. j Messrs. Dalgety and Co., Ltd., PalI merston North, repor’: having a small | entrv of both sheep and cattle at their Marton sale on April 14. Quotations:— M.a. ewes in lamb, 21s. lid.; 2-tooth wethers, 29s 5d.; mixed weaners, 11s. 6d. Messrs. Dalgety and Go., I>L, Palmerston North, report having a very good entry of both sheep and (tittle at their Feilding sale on Friday, April 11. There was a strong di-mand lor all ckisses, and practically t-very lino changed hands. Quotations Light fat lambs, 225. 7d.; fat ewes, 225. to 235.; empty store ewes, Izs. to 14s. Id.; m.a. ewes, in lamb, 20s. to 21s. 2d.; cull lambtsi. 'is'- to cilIL 2J»tootu wetners, 19s. Bd.; 2-t'xdh wethersi 265. Id.; small w.f. lambs, 14s. 4d.; email b.f. lambs, 12s. d6d. to 13s. Gd.; woolly lambs, 20s. 1 0d.; good wether lambs, 20s. to 2tls. 3d.; fair ewe lambs, 295. 6d.; good ewe lambs, 245. 4d.; S.H. cows. r.w. S.H- bulls. A'2 12s. to A2 13s. Gd.; b.f. S.H. weaner steers, A2 3s. 6d.; b.f. S.H. weaner heifers, 315.; cull m.s. weaners, 145.; vealers, to A2 10s. Cd.; fat cows. A 3 7s. Gd., Al Is., .£4 7s. Gd. to A 5 195.; 18-month S.H. and Hereford steers A2 17s. Gd.; forward cows, 355. to A2* ss. Messrs. Abraham and Williams. Ltd., reiiort on the Feilding sale, held on April 11. as follows:—We had a very heavy yarding of both sheep and cattle and with the exception of two pens sold all the sheep at satisfactory pnres. Cattle were selling on a par with last week Quotations:— Sheep: I'at lambs, 215., 235. Id. to 265. 9d.; fat ewes, 225. (Xi. 235. 2d. to 265. 6d.; fat wethers, 345. Is.',’ 34s’ 7d. to 375.; 4' and 5-year ewes, running with Southdown rams, 235. Gd.; empty ewes. J2s., 17s. Id., lbs. to 135.: 2 and 4-tooth wethers, 28s. 2d.; --tooth wethers, 325.; 2-tooth ewes. 28s. Id.; b.f. lambs. 16s. 7d , 17s Bd.. 20s. ad. to 20s 7d.; wether lambs, 13s. 10d., IGb. 7<l ; 17s„ 17s. 4d. to 21s. Gd.; ewe lambs 18s. Id., 19s. 7d.. 20s. 'ambs 7s (id., 12s. 3d„ las. 4d.. 20s Id. to 20s. 4d. Cattle: 4-ymr Shorthorn bullocks. A 5 Is.. Au 6s. to .to Ls Gd 4,-year Holstein bullocks, Al las., ioiward cows, 3Ss„ A2 Is, to A2 9s. Store X 20s. 2.50, EOs. to 375.; weaner Wifers ">s "7s. 6d, 32<- Gd. to 375. Gd.; faA.ows, A 3, A 5. to A 6; fat heifers A 4 fe J 5 to ,£5 155.; fat cows and heifers, 16 "ss. RAW MATERIALS. (Rec. April 19, 5.5 p.m.) London, April 18. The Liverpool quotation for American middling Upland cotton, May deliteij, “itubben-l'ine hard Para, 11-Jd per lb.; plantation, first latex crepe, 12jd.; smoked ribbed sheet, 12yd. • .lute— April-May delivery. A’7 per l °Hemp._March-May delivery, A 37 per °Copra—April-May delivery, A2G sb, per ton. T.inseed Oil.-X37 10s. per ton. Turpentine.—76s. per cwt.