FARM & COMMERCIAL

Dominion, Volume 18, Issue 151, 23 March 1925, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. 68 Willis Street. Wellington, 2.30 p-m.— Sale of property situate 29 Naughton Terrace, Kilbirnie, cottage at Eastbourne (C. Dickinson and Co.). Pahiatua. — Autumn Cattle lair (W.F.C.A.). Shannon, 1 p.m.—Stock sale. TOMORROW. Levin.—Stock sale. WEDNESDAY’’. Marinoto Road, Shannon, 1 p.m.—Sale of dairy stock, implements, etc. Abraham and Williams, Ltd.). Johnsonville, 2 p.m.—Stock sale. 256 Lambton Quay, Wellington, 2.30 p.m. —Sale of 3 dwellings, situate 40, 40a, and 42 Frederick Street (Baker Bros.).

FARMING INTERESTS

THE WOOL MARKET LONDON SALE RATES MERINOS IMPROVE, CROSSBREDS WEAKEN (Rec. March 22, 5.5 p.m.) London, March 21. At the wool sales 71,081 bales were catalogued, and 51,000 were sold, ot which {he Continent took 23,700. Sixtyone thousand bales were held over. Merinos closed generally at par to 5 per cent, above opening rates. Yorkshire Buyers were extremely reserved. Both Trance and Germany showed interest, competition for merinos increasing as the sales progressed. Crossbreds showed weakness throughout owing to the lack of general competition. There were many withdrawals and then closed at 5 to 7-j’ per cent, below opening rates. Slipe and scoured wools were 5 per cent, below, lambs and merinos 10 per cent., and crossbreds 10 to 15 per cent, below the January closing values. The New Zealand clip, Tilltill, realised top price, 32id., average 30d. —Aus.N.Z. Cable, Assn.

OTHER ADVICES Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London house, under date of March 21: —Wool sales closed active and competition brisk. Belgian, Swiss, Drench, and German buyers are buying more freely, Home trade taking principally crossbred. As com-' pared with last sales dosing rates greasy merino wools, 3d. to 4d. lower, scoured merino wools sd. to 9d. lower, greasy halfbred wools 4d. to 5d., lower fine crossbred wools 3d. to 4d., lower medium and coarse crossbreds 2}d. to 3d. lower, secure:! crossbred wools Id. to 6d. lower, slijxs fine crossbred 3Jd. to 4d. lower, slipe coarse crossbred 21d. to 3d. lower, lambs’ wool 3d. to 4-d. lower. Following is the range of prices:—Merino, good to super, 30d. to 33d.. low to medium, 23d. to 29d.: halfbred, 56/58, good to super, 27d. to 311 d„ low to medium, 22r1. to 26<L; halfbred, 50/56. good to super, 24d. to 27d., low to medium, 20d. to 23d.; fine crossbred. 48/50, good to super, 23d. to 25cL, low to medium, 19jd. to 22d.; fine crossbred, 46/68, good to super, 221 d. to 24d., low to medium, 19d. to 22d.; crossbred 4446, good to super, 20!d. to 22d., low to medium, 19d. to 22d.; crossbred, 44/46, good to super, 20d. to 21d., low to medium, 17Jd. to 19)d.; coarse crossbred, 36/49, good to super, 19d. to 21d., low to medium, 17Jd. to 18Jd.

The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram fron? their London house, under date March 20: —Wool sales: As compared with last sale’s closing rates, prices are lower

about 10 per cent, to l.> per cent, for scoured crossbred, scoured merino, supei, merino lambs, fine and medium greasy crossbred and crossbred slipe, lower about 10 per cent, for crossbred lambs and greasy merino super and coarse greasy crossbred; lower about 15 per cent for medium merino, and lower about 15 per cent, to 20 per cent, for inferior merino. The sales closed with a fairly firm tone to-day. The prices realised for average to super grades of descriptions as below were as follow:— Merino, super, 30d. io 33d per lb., aver, ace o<> cl to 29d.; crossbred, 56/a8 s, 2id. to 32d. 50/56’s, 23d. to 28d., 48/50’s, °ld to 25d., 46/48's, 20d. to 23d., 40/46’s, ’Od. to' 22d., 40/44’s, 19Jd. to 21Jd., 3G/4O’s, 19d. to 21d. Messrs Levin and Co., Ltd., have received the following cablegram from their London agents, dated March 20:— “The auctions closed here to-day. As compared with the opening rates of this series We quote: Greasy merino, best, Id. per lb. dearer, average Id. per lb. dearer: halfbreds, 50/16 s, Id. per lb. lower- crossbreds, 48/50’s, 2d. .per lb. lower, 46/48’s, Ild. per lb. lower, 41/46’s, l’-d per lb. lower, 40/44’s, lstl. per lb. Ic-• 3«/4O’s. Id. per lb. lower. The Bank of New Zealand, produce department, has received the following advice from its London office 'under date March 20:—The sales have closed firm for all kinds of wool. There is a good general demand at the lower level. Current quotations: Crossbreds, fine, 22A<1. to 25d. per lb., medium, 20d. to 21d., coarse, 18ld. to 19!d.: halfbreds, 26di to 30d.; merinos, super, 30d. to 32d., ordinary, 27d. to 29d.

RESTRICTION AT MELBOURNE SALES. Melbourne, May 21. Wool sellers decided to repeat at the April sales the curtailment by 50 per cent, of the wool offered.—Press Assn. THE WHEAT MARKET REMARKABLE FALL IN PRICES. (Rec. March 21, 5.5 p.m.) London, March 20., Wheat cargoes are quiet, and lower owing to heavy Australian shipments accentuated by the break in the initial American and Argentine options Parcels- are quiot. with Is. io Is. 6d. decline, as a result of rain tn India, and also the reduced Continental demand. Liverpool futures: May, 12s. 12d.; July, 12s. Id. The "London Gram Reporter says that last iortnight’s_iall, 'between 27 and 37 cents, is the most remarkable for many years. Sellers’ rates are 2s. 6d. to 4s. 6d. down on the week. The ''Reporter” estimates that 38,385,000 quarters will still be required to meet the world’s needs to July 31 — Aus.-N.Z. Cable Assn. » (Rec. March 22, 5.5 p.m.) London, March 21.

The tone of the market for cargoes is steadier. Occasionally quotations are 6d. to Is. up, but the demand is small. The Ulla’s cargo is quoted at 635. 6d., and the Eastmoor’s bags and bulk, at 645. Parcels are in quiet request at better rates. Liverpool future®, -May, 12s, 43d.; July, 12s. 4d. —Aus.-N.Z. Cable Assn. CHICAGO QUOTATIONS. (Rec. March 22, 5.5 p.m.) New York, March 21. Chicago wheat futures, May, 1 dollar 68? cents; July. 1 dollar 45 cents; September, 1 dollar 341 cents.—Aus.-N.Z. Cable Assn.

WAIRARAPA P. AND A. SOCIETY

COMMITTEE MEETING. IFrom Our Own Correspondent.) Carterton, March 21. The General Committee of the Wairarapa P. and A. Society met at Greytown to-day, Mr. J. G. Oates presiding. The statement of finances showed a bank overdraft of 42925 14s. Bd., plus deposit .€lOOO. total .£3925 14s. Bd. Receipts for the month .£229 Bs. _d. Accounts totalling Xlll Bs. 2d. were passed for payment. Messrs. Sharpe, Spooner, and IL Beetham were appointed to represent the society at the conference of the National Sheep Breeders’ Association, England. in July. ~ r . The challenges allotted for the October show by the New Zealand Kennel Club are:—Pugs, deerhounds, and Irish water spaniels. Messrs. G. E. Allen and L. 11. Smart were appointed delegates to the North Island conference of A. and P. associations. Messrs. Henry Fitter and Sons were accorded a. vote of thanks for the interest they had taken in the show exhibit of lambs. It was resolved to follow Hawke’s Bay in the matter of show dates. The Royal Agricultural Society of New Zealand asked for a list of judges recommended by the society.—Left to the judges’ selection committee. Three resignations were accepted. Mr. J. Meikle (Greytown) was accorded a vote of thanks for his donation of a special prize of .£1 Is. for the best stool made for the cowshed by a farm employee from a benzine case.' It was decided to endeavour to arrange for the chairman of the Aleut Board to give an address in Carterton on a date to be arranged.

WANGANUI WOOL SALE

Messrs. Dalgefy and Co.. Ltd., report as follows on the Wanganui wool sale: — The final main sale of the 1924-25 season concluded on Friday evening, when a catalogue of 10.000 bales was submitted to a good bench of buyers, am! considering the general easing in prices which has lately taken place throughout the world selling centres, rates recorded here, especially for low grade wools, were fairly satisfactory. Always at the tail end of the season tho quality and condition of the offering suffers in comparison with earlier sales, and yesterday’s display was no exception, many of the clips catalogued being heavy in condition, warty, with seed much in evidence. Very few good lines were submitted, and certainly nothing to interest American buyers. On a comparative basis, low grade wools sold better than the more attractive parcels, Bradford, as usual, being the largest buyers, with good competition from Germany and Italy. Lambs’ wool was in poor demand, and passings of such wools were heavy. The lots offered were far from attractive, being dull, heavy and mostly carrying seed. Bidding all through was dull, but it was evident that most of the Bradford buyers were prepared to purchase freely up to a hard and fast limit. It appears to us that the lowest point for the season has now been touched, and purchases made at present-day rates seem sound buying. There may not lie any snarp appreciation throughout the remainder of the season, but we sen no reason why any further fall should be recorded. Wool is wanted, and so long as the staple can be purchased at a price .which allows the topmaker and spinner a fair margin of profit on his outlay (and we think present p-ices should now do so), sound and stable business should result for many months to come. As we have stated previously. November and December opening rates did much to disorganise the world's textile industry, and the sooner it is put on a sound working basis, the better it will bo to growers and buyers, and the violent fluctuations lately experienced will cease to worry interested, parties. Even today’s rates must give a fair return to the grower, but naturally those who missed catching the early sales now feel diffident as to accepting present prices. Passings were heavy, about 60 pe_r cent.

of the offering being cleared by auction. Some of our principal sales were as under;— Fine Crossbred.—Lismore, 9 bales wethers, 18d.; DAL/B binned, 16d.; AHR, 3 ewes, 15id.; Brookvale, 14 ewes, 163 d.; UU/GB, 10 crossbred, 16:!d.; C eyebrow, 6 crossbred, 17,(d.; JAJ, 14 crossbred, 163 d.; JKA’S, 17 crossbred, 163 d.; Paranui/WB, 10 ewes, 17d,; 88/A, 5 crossbred A, 17}d.; Rukumoana, 10 ewes A, 17d.

Medium crossbred.—Lismore, 38 ewes, C, 163 d., 14 ewes, D, Is<)d., 10 Cots.,, laid., 27 crossbreds, 15|d., 15 wethers, B, 17(d., 13 wethers, C. IGld., 4. wethers, D, 463 d., 5 rams,. 17d.; HB/Omahine, 13 ewes, 15d.; Opaku, 4 ewes, ltd.; Morinui, 5 wethers, 14d.: ALP/Tangitu, 4 ewes, 14d.: .TM/U, 3 crossbred, 13d.; JIIY, 30 II E and W, 17d.; DC/11, 21 ewes, 14d. Coarse crossbred.—Paranui/WB, 4 Lincolns, E, 14-ld. Hoggets.—Fine: Lismore, 5 bales super, 19jd„ 26 bales. B, 17J-d.; Ornameka, 4 bales, 16? d.; WS/K, 3 bales A, 16d., 5 bales B, ICd. Hoggets. —Medium: Lismore. 8 bales, ISld.; HB/Omahine, .9 bales, 14d. Iloggets—Coarse: WCO/'W, 6 bales, IGld.; Ramaiku, 3 bales, 17d.; WS/K, 3 bales D, 14}d.; LB/PUAO, 3 bales, 163 d.; DC/R, 5 bales, 13d.; Mangapapa, 5 bales, Hid. Lambs.—Fine: Lismore, 14 bales, 173 d.; JHY. 3 bales, 14d. Lambs.—Medium and coarse: Lismore, 8 bales, 121 d.; various, 9 bales, 14d.; RHP/Whakarongo, 3 bales, 10-3 d.; various, 12 bales, 91d. Down Lambs. —ASH, 1, DH 2, FEB 1, WHJParanui, 1 bile, 17Sd. Bellies,—Lismore, 7 bales hogget bellies, 12d.; 7 E and W. bellies, 12|d.; 8 bales, 12Jd. Pieces. —Lismore, 12 bales first hogget pieces, 14d., 6 bales first E pieces, 13|d., 6 bales first W pieces, 13d., 4 bales second pieces, 144 d. Locks.—Lismore, 10 bales, 7J<l.

FROZEN MEAT LATEST QUOTATIONS. (Rec. March 22, 5.5 p.m.) London, March 21. Following are the latest prices for frozen meats: — Sheep. Argentine, ewes, 6{d. per lb. Lambs. Canterbury, light, 121-d.; medium, HJd.; heavy, lljd.: seconds. Hid. Other selecteds', light, 12Jd.; medium, 11M. North Island, firsts, lljd., seconds, Hid. Australian, first’. Victorian, Hid.; others, lid.; seconds, other States, 10|d. Other classes of meat are unchanged in price.—Aus.-N.Z. Cable Assn. SHIPMENTS PROM NEW ZEALAND. Frozen meat shipped from New Zealand, according to the Meat Producers’ Board, is as under:—

The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house under date March op.._New Zealand frozen meat.- Lamb. 12d. per/ lb. (average): mutton, wether and maiden ewes, light. 9Jd. per lb., heavy 7gd.; ewe, light 7Jd„ heavy 7d.: market slow. Messrs. Levin and 'Co.. Ltd., have, received the following cablegram from their London agents, dated Marell 20:— Frozen meat quotations (prices on a “delivered" basis, i.e.. including storage charges, cartage, tolls, etc.): Down lambs, 28-I'2’s, 12d. per lb.: best North Island, 28-42’s, 11?(L; ordinary North Island, 28-42’s. H.’.d.; second quality lambs, 111<I.; best North Island wether sheep, 48-64’s, Bjd.; do., 64-72's, 7Jd.: ordinal v do.. 4.8-64’s, 61d.; North Island ewe=, 48-64’s, 7jd.; do., 64-72 s, 6J(L; Now Zealand prime ox beef. 160-220’s, s’d. As compared with last week’s quotations, lamb is Jd. per lb. cheaper, mutton unchanged. Market quiet with a downward tendency. MEAT BOARD ADVICES. The New Zealand Meat Producers’ Board has received the following cablegram from its London office, dated March 20. advis'ng Smilhfie'd delivered prices at that ('file as fo'lows. (Prices for the two previous vegks are shown in parentheses): —New Zealand wethers and nmiOens. Canterbury quality, selected brands. sGlb. and under. 9jd. (9’d.. !)’d.), 571 b. to Glib., B{d. (Sid., 84<L), 651 b. to 7211>., 7?,d. (71. d., 7-Jd.): other brands, 561 b. and under, 9d. (!VL, 9d.), 571 b. to I'4’b., Sd. (B>L, Bd.), 651 b. to 721 b., 7(1. (7d„ 7d.). New Zealand ewes, 641 b. and under, 7RI. (7'd., 7Jd.). New Zea’and lamb. Canterbury qualitv "Gib. and under. I?Jd., 12!d.. 12LL). 371 b. to 421 b.. 11? d, H2d- Io I2id.), 431 b. tn 5011>.. (llg-rl.. seconds. Hid. (115 d. 11/d.); selected brands. 361 b. and unde-, 12'd, (1261., 12.1(1.), 371 b. to 421 b., Lljd. (12d., 12jd.); other brands, first quality. 421 b. and under, Hid. (il’d., 12d.): seconds. Iljd. (Hid., lljd.j. New Zealand Beef.—Ox fores. 4Sd. (4Jd., 43d.), hinds, 5Jd. (51(1,. 5?d.); cow fores, 4&d. (4!d., 4-ld.), hinds, sd. (5d., 5d.). Argentine Chilled Beef. —Ox fores, sd. (5d., 51(1.). hinds, 7d. (7d„ 7?d.). Argentine Frozen Reef.—Ox fores, 4,3 d. (4Jd., 43d.). hinds. Gid. (Gid., 6}d.). Frozen Pork—SO to 201 b.. not quoted; 120 to 1801 b.. Bld. (BJd.. B|d.). Frozen Veal.— Not quoted.

Messrs. A. IL Turnbull and Co. have received a cablegram from their principals, Messrs. AV. Weddel and Co.. Ltd., dated Ixmdon, March 20, reading as follows: —Danish butter, 2245. to 2z6s. (last week 2325. to 2345.); New Zealand, unsalted, 186 s. to 190 s. (186 s. to 130 s.): New Zealand, salted, 1725. to 1745. (1745. to 1SOs.); New Zealand, salted, first Government grade, up to 1765.; market slow: cheese, white and coloureiL 102 s. to 104 s. (103 s. to 10-ls.); market quiet. CUSTOMS RBVE-NUB. Customs revenue collected at the port of Wellington on Saturday amounted to £1155.

1925Beef. Mutton Lamb. 1924Qrs. C/cb. O/cs. Nov. ... 13,510 1)0,381 27,194 U.K. Dec. .. 11,576 142,056 204,746 U.K. Deo. .. 25,256 - — Genoa 1925Jan. . .. 7,480 108,173 380.326 U.K. Feb. .. 12,677 290,113 704.594 U.K. Feb. .. 5,199 - — Hamburg 45,243 650,723 1,316,860 U.K. 25,256 — Genoa 5,199 - — Hamburg Killings at all works during 1924-25 season. commencing November 1, 1924, to February 28, 192o. North South Island. Island. Total. Beef tors.) 150,024 2.5C9 152,533 Wether mutton (c/cb) 716,967 48.6C0 765,567 Ewe mutton (c/cs) 389.609 35,239 424,843 Lamb (c/cb) 1,374,535 624,689 2.199.224 Pork (c/cs) 21,175 195 21,370 Boneless beet (frt. c /cs) 75/86 12.873 88,359 Sundries (frt. c|cs) 15,856 1,590 17,446 Stocks on hand in New Zealand. Fen. 23. North South Island. Island. Total. Beef (qi'S.) 95,775 2,234 98,009 Wether mutton (c/cs) 253.034 27,078 280.112 Ewe mutton (c/cb) 203,456 23,187 231643 Lamb (c/cs) 362,094 361.001 723,095 Pork (o/cs) 8,397 195 8.592 (frt. c/cb) 34,834 8.2» 43.124 Sundries (frt. c/cs) . 9,808 1,200 11 !/8 Stocks o frozen meat loaded into steamers not departed from New Zealand as at February 23. 1925. Beef (quarters 20.622 Mutton (carcasses) . 144.064 Lamb (carcasses) .... 185.94o