FARMING & COMMERCIAL

Dominion, Volume 18, Issue 181, 28 April 1924, Page 10

FARMING & COMMERCIAL

AUCTION SALES FORTHCOMING SALES. TO-DAY. Sales will be held at :— Shannon. 1 p.m—Stock sale. Dominion Avenue, Wellington, 1.30 p.m. —Sale of furniture (Vine and Wilson). TO-MORROW. Levin Yards, noon.—Stock sale. Cheltenham, near Feilding, 12.30 p.m— Sale of stud Jersev herd account Mr. C. G. C. Denner (Wright, Stephenson and Co.). 195 Lambton Quay 'Wellington, 2.30 p.m.—Sale of property situate Tilly Rond, Paektakariki (Harcourt and Co.). WEDNESDAY. Kiwitea, near Feilding, 11 a.ni. Sale of Middlewood Jersey herd, •’'ecptint Messrs. Kilgotir and Gibson CVv’-ijrnt, Stephenson and Co. (Abraham and n 11Mafn Road, Lower Hutt, 12.30 p.m.— Sale of cattle and sheep, account Mr. J. C. Heggie (Dalgety mid Co.). Brvant’s Yard. North Manakau Road, Manakau, 1 p.m.—Sale of Mr. R. Greig’s dairy herd (Abraham and Wi - Johnsonville Yards, 2 p.m—Stock sale.

FARMING INTERESTS

LONDON WOOL SALES Messrs. Dalgetv and Company Limited, report having received the foliowing cablegram from their London house, under date of April 2i: 1 1,0 following vessels have arrived in time for the May series: Karamea Athenic, Maniari, Port Darwin, Corinthic, ''ai mana.” FROZEN' MEAT LONDON QUOTATIONS. (Rec. April 27. 5.5 p.m.) London, April 26. Sheep. Canterbury, light 7Jd. per lb.; medium, 6pd.: heavy, 6jd. North Island, light 6£d.; medium 6?d.; heavy 6cL New Zealand ewes, 5Jd. Argentine, medium 5Jd. Lambs. Canterbury, light IOJd.; medium lOd. ; seconds 9f<l. Other selecteds, light Hid. ; medium Sjd. , , North Island! firsts 9?d.; seconds 9Jd. Australian firsts, other States BJd.; thirds BJd. Argentine seconds 7»d. Frozen Beef. Argentine fores 4d.; hinds 6d. _ Uruguayan, fores 3jd.; hinds ojd. Chilled Beef. Argentine, fores 4Jd.; hinds Bd. Uruguayan, fores 4d.; hinds 7d. Other meats are unchanged.—Aus.N.Z. Cable Assn. . Messrs. Levin and Company, Limited. have received the following cablegram from their London agents, dated April 25‘Quotations ex store: New Zealand prime Canterbury lamb, 28421 b., IOJd. ; North Island lamb, 28421 b.. lOd.; prune Canterbury mutton, 56-641 b., 6Jd.; North Island mutton. 56-641 b., Gid.; ewes, 48-641 b., old. ; New Zealand prime ox beef, 160-22010.. hinds none, fores none. The mutton market is lower and likely to decline further. Lamb is firm and likely to advance.” As compared with last week’s quotations. Canterbury lamb i» id. dearer, North Island lamb ■Jd. dearer, and mutton and owes Id. cheaper. Messrs. Dalgety and Company, Limited. report having received the following cablegram from London, under date April 24: —“lamb: New Zealand prime crossbred lamb : Canterbury heavy 9d., Canterbury light 9Jd.; North Island, light 9d. to DJd. Demand for New Zealand lamb is better owing to warm weather. Demands run principally on light-weights. -Any change in prices is in sellers’ favour. Market is steady. Mutton :—New Zealand prime crossbred mutton: Canterbury heavv, 6d. : Canterbury light, 7d. ; North Island heavy, fid. : North Island light, 6Jd. Demand for New Zealand mutton runs principally on light-weights. Market is weaker, the position being dominated by Rirei Plate supplies. Australian frozen I meat:—Good average quality crossbred mutton, light sd. : demand is poor. MEAT BOARD REPORT. The New Zealand Meat Producers’ Board has received the following cablegram from its London office, dated April 25, advising the Smithfield do livered prices at that date as fob °Ncw Zealand Wethers and Maidens —Canterbury quality, selected brands, 561 b. and under 7£d., 57-641 b. 6Jd, 65-7'21 b. Gid. : other brands. 561 b. and under 6£d.. 57-641 b. 6Jd., 65-721 b. 6d New Zealand Ewes.—64lb. an J unde.;, 510. New Zealand Lamb—Canterbury quality. 361 b. and under 101 d, 37-421 b. lOd, 43-501 b. 9Jd.. seconds 9id., selected brands, 361 b. and under lOJtd, 37-4210 10RL; other brands, first quality 421 b. and under 9jd., seconds 9Jd. New Zealand Beef. —Not quoted. Frozen Pork.—Not quote!. (Hie Loan and Mercantile Agency Co. Ltd. have received the following cablegram from their London house under date April 25 regarding New Zealand frozen meat:—Lamb, 93d. per )h. (average); fair demand. Mutton: Wether and maiden ewe, light 6Jd. per lb., heavv 63d. per lb. ; ewe. light sid. per lb..’heavy 4jd. per lb.; market slow. VICTORIAN MEAT INDUSTRY FORMATION OF STRONG COMPANY CONSIDERED. —— — Melbourne, April 20. Pastoralists in Victoria are considering the formation of a company with a capital of £3,000.000 to develop the meat industry. It is proposed te provide a shipping service with 16-knot motor-driven refrigerated vessels, the erection of works at King’s Sound, and railway to connect the Kimberley district in West Australia with Townsville. —Press Assn.

NEWS AND NOTES

DAIRY PRODUCE BUTTER AND CHEESE MARKETS FIRM. Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London house, under date April 24: — “Butter. —Market is firm on account of light supplies of New Zealand butter offering. We quote: New Zealand salted, 1645. (1525.) ; New Zealand exceptional brands, 168 s. (1545.) ; Danish, 1725. (1705.) ; finest Australian salted, 1545. (1425.) ; unfcalted. 1565. (1425.). “Cheese. —Market is firm on account of light supplies of New Zealand cheese offering. Quotation for New Zealand cheese is 87s. (82s. to 845.).” Last week quotations are shown in Pa ’Hm Iman and Mercantile Agency has read the following cablegram from London under date April 25 in reference to New- Zealand dairy produce:—Butter, choicest salted, 1665. to 170 s. per cwt. ; cheese, 88s. to 90s. per cwt. Rapid advances due to improved demand and large stocks withheld.

FEILDING STOCK SALE By Telegbaph—Special Coebespondent. Feilding, April 24. There was a medium yarding of both, sheep and cattle at the Feilding sale to-day, when operations were somewhat influenced by the railway strike. On the whole, there was a lack of confidence in buyers, who whilst wanting stock appeared loathe to deal. Cattle were not sought after under the hammer, but a lew lines were quitted byprivate treaty. Hollowing are quotations;— Fat sheep: Ewes, 20s. 3d. io 233.; wethers, 2Ss. Id.; black-faces, mixed. 245. to 2.95. 2d.; mixed two-tooths, 245. Fat cattle: Bullocks, £5 4s. 6d.; heifers, £5 to £H Is.; cows, £2 2s. to £-1 18s. 6d.; vealers, £2 2s. (id. Store sheep: Lambs, 11s. 9d. to 21s. 3d.; wether lambs, 17s. 3d. to 215.; twotooth ewes, running with Romney ranis, 275.; two-tooth wethers, 19s. 2d.; maiden ewes. 28s. 2d. to 28s. Cd.; f. and f. empty ewes, ICs. Cd. to 215.; empty ewes, 7s. lOd. io 9s. 6d..; b.L mixed, 23s : four-year ©wes, running with bouth--1 ™rnc °lq 1(1 to 245. 6d. J €111(1 five-year ewes" running with Southdown ra Store 2> cattle: Heifers, 355.; hellers, running with bulls, £3 12s. 6d ; Shorthorn steers, £3 18s.; Hereford steers, c£3 18s.: mixed weaners, Bs. Gd.; yearling steers, 15s. to 265.; weancr heifers, 23s to 355.; cows. £2 to £3; steers 3.b. to £4 12s. 6d.; Polled-Angus heifers, £2 75.; Polled-Angus bullocks, £5 (kb: cows and calves, 36s t . nr Dairy stock: Heifer with calf at foot, 3-s Gd.; heifer at drop, £C 10s.; springing cow, £5 17s. 6d.; cows in milk, £4 ss. to £4 15s.

COMMERCIAL ITEMS

THE FROZEN MEAT TRADE REASONS FOR UNPROFITABLENESS It is a well-known fact that many, if not most, of the freezing companies in New Zealand are exjienencing hard times A great many companies made’heavy losses last year, and there were efforts at reconstruction. Uns vear the position is said to be worse because of the drop in the prices of frozen meat. The chief reason, however for the failure is the excessive number of freezing compinies. Hus can be illustrated by the figures given in Messrs. W. Weddel and Co. s annual report just to hand. In the Argentine Republic there are 10 freezing works with a combined freezing capacity of 11,000 head of cattle and 25,000 sheep per day. During 1923 the exports from Argentine of frozen and chilled meats, exclusive of offal, was 673,751 tons or an average of 67,375 tons per works. In Uruguay there are four freezing works and tilie exports of mutton, lamb, frozen and chilled beef and_ offal from Uruguay last year was 115,228. tons, equal to an average of 28,807 tons per works. In New Zealand there are 46 freezing works, with a total killing and freezing capacity of 4430 head of cattle and 148,000 sheep daily. The exports of frozen meat from New Zealand last year totalled 149,217 tons equal to 3244 tons per works. Summarised, the exports last year from the several countrie-- showed the following averages per works: — Tons. Argentine 67,375 Uruguay 28,80< New Zealand 3.244 Australia 2,156 In Australia there are 53 works, and the total exports last year were 114,262 tons. The meat trade of Australia and New Zealand is suffering, among other disabilities, from an excessive number of freezing works competing keenly with one another for the limited stock available. There are too many freezing works in the Dominions and ways and means must be found for closing tho unnecessary works. WAIHI MINE RETURNS By Telegraph—P--«- 4 ss™-’ Waihi, April 26. For the period ending April 12, the Waihi Goldmining Company crushed and treated 14,847 tons of ore for a return of 5721 fine ounces of gold and 28,725 ounces of silver. The lower tonnage crushed was due to the recent floods. The following development of the works in progress has keen cabled to London:—No. 5 level, north lode, next 23ft. assays 17s. 6d. per ten; No. 8 level, Edward lode, driving south, next 25ft. assays 20s. 6d.; No. 14 (lowest) level, north section, Martha lode, next 34ft. assays 375. 3d. The reef is wider than the drive m No. 4 shaft. The total depth reached is now 1819 ft.

LONDON MARKET'S REPORTS. Aus.-N.Z. Cable Assn. (Rec. April 27, 12 p.m.) London, April 26. Cotton—Liverpool quotation for American .middling upland cotton. May delivery, 17<L, 19d. per lb. Rubber—Fine hard Para., ll}d- per lb. : plantation first, latex crepe and smoked ribbed sheet 12Jd. to 12Jd. Jute —Indian native first marks, May-Juno shipment, £27 7s. Cd. per ton. New Zealand. hemp—March-May shin, £37 per ton. Copra-—South Seat bagged, AprilMay shipment, £26 7s. 6d. per ton. Linseed oil, £37 6s. per ton, equal to 2s. lljd. per gallon. Turpentine, 725. per cwt., equal to os. s}d. per gallon. NEW ZEALAND APPLES IN LONDON. Aus.-N.Z. Cable Assn. London, April 25. The Cornwall's New Zealand apples are discharging in good condition, and are fetching about the same prices as those from the Corinthic shipment.— Aus.-N.Z. Cable Assn.

FOOT AND MOUTH DISEASE THE OUTBREAK IN CALIFORNIA MEASURES TO PREVENT SPREAD Washington, April 24. Pursuant to a request by Governor Richardson, of California, the I 1 ederal Department of Agriculture has assumed complete direction of cattle while the foot-and-mouth disease exists. The Department is concentrating its efforts in California, which is recognised as the most dangerous zone of infection. Secretary IVallace has ordered the Chief Bureau of Animal Husbandry to mobilise a majority of California’s veterinary surgeons to devise curative and preventive measures which will be applicable also throughout the neighbouring States. President Coolidge’s invitation to Western State Governors to confer for the purpose of discussing a modification of the quarantine restrictions which they had imposed against fruit and produce shipments from California, seems to be doomed to failure, because the replies unanimously indicate that the quarantine is only a preventive against the spread of disease from California, for which reason they consider any modification extermely dangerous. Mr. Wallace, in the campaign, will have 1,500,000 dollars appropriation, which President Coolidge will shortly make available. —Aus.-N.Z. Cable Assn. BUSHY PARK HEREFORD SALE In reporting the result of Air. Frank Moore's Bushy Park Hereford sale, held nt Bushy Paik, Kai Iwi, on Thursday, Messrs. ' Wright, Stephenson and Co., Ltd., who were associated with Messrs. Williams and Kettle, Ltd., Murray, Roberts and Co., and Freeman R. Jiickson and Co., Ltd., in conducting the fixture, state that the sale was remarkably successful. The 138 lots, including unregistered run bulls and calves, realised just under £6OOO. Since starting his stud in 1906, Mr. Moore has now disposed of stock to the value cf £47,401. For the best animals at Thursday’s sale there was particularly keen competition between New Zealand and Australian buyers. but both the top-priced bull and heifer were taken by New Zealand breeders. Three hundred guineas was paid for the three-year-old heifer. Park Spot sth (sired by President Wilson, imp.), after a very keen contest between Mr. James McKenzie, of Masterton, and Messrs. A. Davies and Son, Adelaide. The next highest price was 280 guineas for the yearling bull Rivoli, by Romany Lad, a noted winner. The purchaser was Mr. Alex. Holms, Waimahaka, Southland: 230 guineas was also paid by Mr. A. H. AVallis, Gisborne, for the two-year-old prize-winning bull Bio Grande, by President 'Wilson. The yearling bulls were a particularly goed lot, and the 21 head offered averaged 63 guineas. Top price, for the aged cows was 150 guineas, paid by Messrs. A. Davies and Son, who secured in all for export a. consignment of 14 head. These breeders also paid the top prices for yearling heifers. 110 guineas. The aged bull. President IVilson Gnip.). was purchased by the local breeders, Messrs. O’Neil Bros., for 110 guineas. These breeders were also the heaviest buyers of the younger female slock. Eight head were also purchased for export to Air. T). McConnell, Queensland. The principal New Zealand buyers, in nddii'dn to those named, were—Messrs. W. James, Masterfon: D. P. Buchanan, Cunninghams; Fetch Pros., Hii"ferville; IV, K. Alorton, Silverhopn; E. 11. Smith, Masferton; J- Hudson, Afasterion: E. McGregor. Turakina; W. B. White, Takannn; J. Br'ce. Taihanc: A- H. Walk's, Gisborne: P. Tinnier. Pornnnahau; G. Currie. AVanganri; W. B. Jeffer« n n, Wairoa : G. Cross, Dannevirke; J. Afc-Tp->n, Tqrakin''• T. A. D’mcan, Hiinferville; Frank Williams Gisborne; and J. Livingstone, TTunterville.