FARM & COMMERCIAL

Dominion, Volume 18, Issue 270, 20 August 1925, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES Sales will be held: — TO-DAY. 16 Riddiford Street. Wellington, 1.30 p.m.—Sale of stock-in-trade ladies’ outfitting business, also shop fittings and lease of premises. (Vine and Co.). Sandon, 1.30 p.m.—Hogget sale. (Dalgety and Co.). 105 Customhouse Quay, Wellington, 2.;»0 p.m. —Sale of freehold property, s, t- — uate corner Tory and A\akeneld Streets. (S. George Nathan and Co.). FRIDAY. Koputaroa, noon. —Sale of dairy stock, implements, etc. (Abraham and Williams). FARMING INTEREST WOOL MARKET OFFERINGS AT AUSTRALIAN SALES Sydney, August 19. A joint conference of the Australian IVoolgrowers’ Council and the National Council of Wool-selling Brokers of Australia has agreed that the offerings of wool from September 1 io the Christmas recess should be 1,040.000 bales, spread evenly through the period in accordance with the available selling days.—Press Assn. PRICES FIRM AT SYDNEY. (Rec. August 19. 10.35 p.m.) Sydney, August 19. At the wool salss tho market was firm, without appreciable change, for the finer grades. The recent improvement in skirtings was maintained, but unskirted lines were in limited request. - Crossbreds were firm. Greasy merino sold to 28d. per lb.—Press Assn. THE SEASON IN HAWKE’S BAY LAMBING HALF OVER. Lambing is now in full swing on farms and runs throughout Hawke's Bay. and on most of the East Coast stations is rather more than half over. Indications up to the present are, Sir George Hunter, M.P., told a reporter yesterday, that the lambing percentages . this year will be above normal. There had been, he added, a very- slight mortality amongst the owes, and notwithstanding the fact that the weather at the end of last week was exceptionally cold and wet, no heavy losses of young lambs had been reported. In some places there had been considerable losses of hoggets, these having been affected detrimentally by the long spell of wet weather. There were continued indications of an early spring, however, and that being so the condition of the young sheep should soon show material improvement. There was a good demand for fat and forward cattle, the member for Waipawa added, and forward steers were Lmng inquired for at very good prices. Messrs. Dalgety and Co.. Ltd., Palmerston North, repoit bavin" a small entry of sheep and cattle at their Marton sale on Auyust 17. Quotations: Fat ewes, 395. Bd., £2; weanef heifers, 335.: weaner steers. .£2 55.; 2-year empty heifers, £2 125.; dairy heifers, .£4- 15s,

N.Z. FRIESIAN ' ASSOCIATION ANNUAL EEPORT. I The annual general meeting of the I New Zealand Frii-sian Association will be. held at Auckland next Tuesday. The annual report to be presented states that the association has decided to offer the sum of .£5O as prize mont-y for a provincial champion group of Friesians at the New Zealand Royal Society’s show to be held in Christchurch, in November, 1925. During the year 52 Friesians were exported; 10 to Victoria, 4 to New South iy’ales, 29 to Argentine, 7 to Fiji, and T to Friendly Islands. District committees have been established at Kaitaia, Dargaville. Auckland Central, South Auckland, Taranaki, Wellington, Canterbury, Otago and Southland, and steps are being taken to establish branches in th:- Wairarapa. Bay of Plenty and Whangarei districts. The total membership to date is 710. RURAL DELIVERIES THIRTEEN THOUSAND BOXES. Mr. G. R. Sykes, M.P. (Masterton) asked the Postmaster-General yesterday whether the Postal Department had ever tried to improve the system of rural deliveries of mail matter by numbering the settlers’ receiving boxes. In the course of his reply, Sir James Parr stated that if a system of numbering were introduced it would not be possible, owing to the frequent changes, to retain the original sequence for any length of time. _ New settlers joining up and others relinquishing their boxes would, before long, reduce the system to a state of chaos. If it were possible to retain the original numerical sequence there would perhaps be some gain in the adoption of the proposal, although it was considered that in a largo number of cases the box number would bo omitted from the address. Notwithstanding the fact that there were over thirteen thousand rural boxes to bo attended to—the majority of those daily—there had been remarkably few complaints. FRIESIAN BREEDERS WELLINGTON BRANCH MEETING. The Wellington provincial branch of the N.Z. Friesian Association met recently at Palmerston North. Mr. H. R. Green presided. The main object of Hie meeting was to discuss and make arrangements tor a team of seven animals to compete with other provincial groups at the forthcoming Royal Show. It was resolved to circularise breeders asking for financial assistance. Messrs. J. Donald, A. Burgess, and R. Melvin were appointed a committee lor the selection. of a provincial group to represent Wellington at. the Royal Show. It was also decided to write to breeders asking their support in the £350 Wilber Group Competition, held at Palmerston North Show, at which competition Mr. Wilber intends to lie present from United States of America.

The following recommendations to the council were adopted:—(l) That judging of grade classes at ail A. and P. association shows be done by non-pedigree breeders; (b) that in the future, at all A. and P. shows, group classes be judged before they compete in their respective classes; (c) that in the future all records in blue book be grouped in names of testing breeder, also that translers be grouped; (d) that in the future the annual meeting of th® N.Z. Friesian Association 'be held not later than June 30, and that the meeting be held in Palmerston North, owing to its central position; (e) that the director of the dairy division be asked if rule. 1 (b) of certificate of registration cannot be altered, so that instead of reading "a cow must drop a mature calf within 455 days of commencement of test,” it may read that, "subject to testing* officer’s certificate that the cow has been milking within three months previous to calving, she shall be eligible to enter.” CRUTCHINGS SALE Messrs. Levin and Co., Ltd.,* report on Tuesday’s sale of crutchings: Our catalogue comprised 640 bales, and we quitted the whole of our offering under the hammer, with the exception of five bales. The catalogue contained a few small parcels of fleece wool, comprising the straggler portions of clips, but the quantity or style does not warrant special quotations. For crutchings. which constituted the bulk jf the offering. there were special orders in the market from Japan and Bradford, and local operators were also keenly bidding. Notwithstanding the lower prices rul-

ing in London, superior- lots of crossbred crutchings sold at 91d. to lO.ld.; but the bulk of the offering free from seed sold at about Bd. to 9d., whilst seedy and inferior sorts sold at 4d. to (lid.’ The halfbred crutchings from the Marlborough district were short, and in many instances showing a trace I of seed. Our best lots- sold at from Bd. to 9d. per lb. WRONGLY BRANDED CHEESE WARNING TO DAIRY COMPANILS. By Ixlegka i-i.- I'Krss.- Association New Plymouth, August 19. Tu the Magistrate’s Court the B;-1I-block Dairy Company was fined £2 and ■ costs 7s. for sending to the grading stores ! eiates or cheese branded "full cream cheese,” which should have been branded “part skimmed.” The proceedings were taken as a warning to dairy companies. A heavy penalty was not pressed for. N.Z. INSTITUTE OF HORTICULTURE MEETING OF EXECUTIVE. A meeting of the executive of the New Zealand Institute of Horticulture was held in th? library of the Chambei of Commerce. Present: Mr. F. J. Nathan, president, in the chair, Dr. L. Cockayne, F.R.S., Professor G. _S. Peren, Messrs. T. K. Sidey, M.P., T. Waugh, D. wall, G. J. McKenzie, A. H. Cockayne, J. A. Campbell, G. A. Grsen (secretary), L. A. Jones (treasurer). The question of horticultural education was touched upon. Dr. L. Cockayne, F.R.S., reporting on the present position of the committee’s work. It was decided that the Educational Committee should proceed without delay to formulate their proposals and to place them in concrete form.

Another step with very far-reaching possibilities is that of the setting up of a Dominion Nomenclature Committee to go into and report on the many phases of plant nomenclature, and the underlying principles of general plant i nomenclature. The personnel of the committee —Mr, A. 11. Cockayne (Director of the Field Division of the Argicultural Department), Mr. R. T. Oliver (Dominion Museum), Mr. J. A. Campbell (Director of Horticultural Division), and Professor G. S. Peren (Professor of Agriculture. Victoria College)—give promise that ths matter will be taken in hand energetically and that the basis for the future of plant nomenclature in New Zealand will be well and truly laid. A matter of great importance discussed was that of the holding of a mid-season conference at the time of the horticultural week and the science congress in Dunedin next January. The matter or bulb import regulations, and a number of other items will be dealt with at that conference. The question of including Judes rules in relation fo horticultural shows is to be taken in hand by the executive, and will be further discussed at the Dunedin conference. The practical work of plant improvement has receiver! the approval of both conference and executive. Work on the citrus fruits will be taken in hand almost immediately. A valuable report was received from Mr. H. IL Allan, convener of the species committee. This was referred to the Nomenclature Committee. This report set out in detail the principles which should be followed in arranging nomenclature, and suggested separate committees to revise the nomenclature of vegetables and fruits as-un 'er:—(l) Vegetables, potatoes ! etc.; (2) small fruits; (3) apples and pears: (4) stone fruits: (51 citrus fruits; (6) various groups of flowers. Mr. Sider urged the claims of Dunedin to n mid-season conference at the time of the horticultural -week in January next. It- v . nt . fo nss’st to amini'e as required, Messrs. T. K. S’dey and D. nnock to represent the executive. ADDINGTON STOCK MARKET GOOD SALE FOR BEEF AND MUTTON. By ■Tblegbach I'uiiss Association Christchurch, August 19. Entries were large at Addington to- ’ day, there being no sale, last week on account of the holidays. Though the very high prices prevailing at the. double market -were not maintained, the sale of both beef and mutton was good. Store Sheep.—A fairly large entry, mostly hoggets. Some lines of ewes of fair quality were forward, but the own- | ers were expecting high prices for them and they were passed. What ewes were sold brought prices above late rates. The demand for hoggets lacked the buoy- . ancy of the last sale, but still they sold well, as also did wethers. Three-quarter-bred ewe hoggets made '33s. 6<l. to 395, 9d., crossbred ewe hoggets 325. Id. to 335., mixed-sex three-quarterbred hog- I gets 295. to 355. 6d., halfbred wether hog- I gets 255. 6d. to 295. 6d. Six and eighttooth halfbred wethers 38s. to 38s. 6d., . four-toothed crossbred wethers 375. lid. Two-toothed halfbred ewes 525. 9d., sound-mouthed halfbred ewes 445. 9d., , sound-mouthed Romney-cross ewes 445. i 6d., failing-mouthed crossbred ewes 375. Id., failing-mouthed halfbred ewes 41s. ed. Fat Sheep.—A very heavy entry of 14 races, which included' a number of good drafts from South Canterbury and several trucks from South Otago and Southland. In the opening stages values were easier than a fortnight ago by Is. 6d. pei head, but over the final stages they dropped back another Is. 6d. Extra

prime wethers made to 605., prime wethers 465. 6d. to 505., medium wethers 425. to 465., light w' thers 38s. 6d. to Ils. Extra prime ewes, to 48s. 9d„ prime ewes 38s. 6d. to 435., medium ewes -355. to 385., light ewes 31s. to 345., aged ewes 275. to 30s.

' Fat Cattle.—A very heavy yarding of I 63.5 head, near!}’ 200 more than at the I double market. The opening prices were i £3 per head easier, but there was a hardening in the final stages. Extra prime beef made to £5 ss. per 1001 b., prime 48s. 6d. to 525., medium 425. 6d. to 475. 6d., light 355. to 38s. 6d., and rough 30s. to 345. A North Island line of 42 averaged £22 15s. per head, and ont? of 14 from South Canterbury £24 15s. 9d. Extra prime steers made £24 I to <£2B 7s. Gd. prime steers £l9 10s. to £22 10s„ medium steers £IG ss. to £l9, I light steers £l4 to £IG, rough steers .£ll to £l3. Extra prime heifers to | £l6 17s. 6d., prime heifers £l2 to £l4 , 105.,' ordinary heif-rs £9 10s. to £ll I 15s. Extra prime cows £l6 to £2l 2s. 6d„ prime cows £ll 15s. to £l4 10s., medium cows £9 10s. to £ll 10s._ light ! cows £7 to £9 ss. Vealers.—A very small entry and anything fit for killing sold very well. Runners made to £7 10s., good vealers £5 15s. to £6 155., medium £1 ,ss. to £5 55., good calves £2 15s. to £4, small 255. to £2. Store Cattle. —Entry consisted mainly of cows with a few bulls. Potting cows sold nt late rates. Best cows made £3 to £3 10s., medium £2 to £2 155., inferior £1 to £1 155., bulls to £6 ss. Dairy Cattle.—A large entry. Most of the cattle showed the effects of the recent rough wcathsr and did Umj. sell too well. Best second third, and fourth calvers, springing. m”->e £6 to £8 10s., medium £4 10s. to t' 155., poor £3 to £4 55., best springin' l heifers £5 to £7, medium £3 to £4 10s., old cows £1 10s. to £3. Fat Pigs.—Baconers mot with a very keen demand and showed a considerable advance in price. Porkers sold well. Choppers made .£4 10s. to £B. light hnconers £4 12s. to £5 10?., heavy £6 to £6 155., extra heavy to £7 10s. (average price per lb.. 9d. to 10d.). light porkers. £2 to .03. heavy £3 fis. to £3 18s. (average price per lb.. Old. to lOd.l. Store Pigs.—A medium entry and a good demand. Small weaners made 15s. to 205., best 255. to 325., small stores 30s. to 4‘ls., large 455. to 50s. CUSTOMS REVENUE. Customs revenue collected at the port of Wellington yesterday amounted to ££U7 1

EURNSIDE STOCK SALE

CATTLE UNCHANGED, SHEEP CHEAPER. Bi Telegc.hh—l-uess Association Dunedin. August 19. At Burnside to-day hit cattle sold at prices that were on a par with those of last week. Sheep were a shade easier, and pigs were up by about ss. Fat Cattle.—A yarding of 197 head of average quality, compared with: 270 last week. A number of them showed tho effects of the recent severe weather. There was a good demand, and prices were on a par with those of last wee... Prime handy-weight ox beef sold at from 535. to 555. per 1201 b., heavyweights and second quality to 505., prime heifers to 455., and cows and light toilers from 355. to 40s. Prime bullocks sold at from £l6 10s. to £l9 per head, heifers £9 10s. to £l2 15s. Heavy animals sold well, and cows brought from £5 15s. to £9 10s. Fat Sheep.—An entry of 2669 head, compared with 1558 last week. lhe quality was on the whole above the average. There were a few inferior grade animals, and also a fair number of fine-woolled wethers from Otago Central. The opening was quiet, inducing some speculative buying. Some easing occurred but prices firmed up again and ewes sold particularly well. Graziers’ sorts also sold satisfactorily and generally ices on an irregular demand were Is. down on light sheep and rather more •n heavies. Prime handy-weight wether- sold at up to 7id per lb., prime heavy- ' eights to 7d., medium quality and unfinished to 6}d„ prime heavy ewes to 5d., and light and unfinished ewes 4d. to 4{d. Extra prime heavy wethers made from 58s. to 61s. 6d., prime 465. to 555., lighter 40s. 6d. to 425. 9d., unfinished 365. 9d. to 38s. , Extra prime heavy ewes made from 495. to 525.. prime 41s. to 445. Gd., lighter 335. 6d. to 365. Store Cattle—A yarding of 200 head, for the most part inferior cows with an odd pen of fair yearlings. Two pens of medium three-year steers made £1 2s. 6d. Other classes were unchanged. ~ , , j Pigs—An entry of forty-eight fats and twenty-seven stores. There were no heavy baconers forward. Light baconers sold 'at up to £4 15s. and porkers at from 413 to 4:3 17s. 6d. Store pigs sold well. • Porkers sold on a basis of 7id. to Bd. per lb., and baconers at 7id. to 72d.

JOHNSONVILLE STOCK SALE Messrs. Abraham and Williams, Ltd., and Wright, Stephenson and Co., Ltd., report on their Johnsonville stock sale, held yesterday:—A very good quality yarding of both sheep and cattle came forward. There was a good attendance of butchers, and bidding throughout was very keen. Sheep sold slightly better than previously, cattle being on a par. No vealers were offered. Quotations: — Bullocks, 4113 55., 4114, dill 55., .£l4 Ids., .£l4 15s„ 4115 55., 4115 10s., .£l5 155., to .£l7 10s.; best wethers, £2 9s/ 6d., £2 10s. 6d., 412 11s., to £2 Us. 9d.; others, £2 ss. to £2 Bs. Gd.; heavy ewes, £2 7s. 6d„ 412 Bs. 6d„ 412 9s. 6d., £2 10s„ to £2 Ils. 9d. ; others, .£2 ss. to £2 65.; maiden ewes, £2 10s. 6d.; heavy lambs, £2 7s. 6d. AUSTRALIAN & ARGENTINE BUTTER GRADING

Advice has been received by the Dairy Division, Department of Agriculture, that in Australia there were graded during July 31,320 boxes butter, 743 crates cheese, and that the shipments from Australia to the United Kingdom during July were 34,950 boxes butter. Advice which arrived per cable from the Argentine Dairy Association reads as follows: —“The shipments during the month of July were 903 tons butter, 30 tons cheese, and 1200 tons casein.

COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the afternoon call yesterday a sale of Bank of New Zealand shares at 565. tu. was reported, and this was the only , transaction recorded during the day. There was very little demand for Government stocks and bonds. For the 41 per cent, bonds buyers offered £97, and for the 5 per cents. <£9B 10s. Bank I shares were also quiet. Commercial ! Bank ordinary shares were firm at 31s. 6d., National Bank shares at £G 13s. , 6d. wore 6d. higher, and Union Bank shares were steady at .£l4 10s. There were sellers of Bank of New South Wales i shares at £ll '7s. 6d., cum. dividend. , and Bank of Victoria, ordinary shares, jat £7 12s. 6d. Dalgety and Co.’s shares 1 were firm at ,£l4 13s. National Mortgage shares were also firm at <£3 14s. 6d. For some time past N.Z. Loan and Mer. cantile, preference stocks have been in demand at £77 10s., and it seems that buyers will be forced to advance their bids to secure the stock. Wellington Gas chares. £lO paid, were 2s. 6d. higher at £l3 2s. 6d., and the prefcrenco shares were in demand at 16s. 3d. New Zealand Insurance shares at 355. show an advance of 3d. New Zealand Refrigerating shares were steady. For the 20s. paid shares 18s. was offered, and for the 10c. paid shares 9s. was bid. Adelaide Steam shares were steady at 215.. and Huddart-Parker ordinary' at 46si AA 7 oollen shares were my-lected. Sellers quoted £6 12s. Cd. for AWPington Woollen ordinary, and a shilling more for the preference, both cum. dividend. Tim ber shares were firm, and in good demana, with buyers of Kauri Timber at 335. Rd.. Leyland-O’Brien Timber at 565. 6d., National Timber at 225., and Bartholomew Timber at 21s. 3d. N.Z. Breweries shares were steady at 385., and \\ ard and Co. Brewery at 595. 6d. There were buyers of D.I.C. preference at 20s. Howard Smith nt 345. 3d., Taranaki Oil at 18s. 6d.. and Wilson’s Cement at 335.

Yesterday’s buying and selling quotations were asunder:—

SALES IN OTHER CENTRES By Telegraph—Special Correspondent „ , . Auckland, August 19. Sales: Bank of New Zealand, 565. 9d.; Kawarau, 16s. Christchurch, August 19. Sales reported: Union Bank of Australia, £l4 Ils. 6d. (three parcels); Ward's Brewery, 60s. 6d. Sales: Union Bank. £l4 Us. 6d.; Commercial Bank of Australia, 31s. 9d. Dunedin, August 19. Sales: Westport-Stockton (ord.), 2s. 6d. (two parcels) ; Goldsbrough Mort (rights), Bs. 9d. (prem.); Dominion Rubber, 485.; Kawarau, 16s. 3d. STANDARD INSURANCE COThe balance-sheet of the Standard Insurance Company, Limited, for the year ended June 30. shows that the premium income amounted to .£201,426, as compared with <£192,796 in the previous year. The losses totalled £96,978, against £91,239, and the expenses to £82,934, against £74,130, the total outgo being £179,912, against £165,369 leaving ths underwriting profit at £21,514, against £27,427. Interest and transfer fees yielded £19,405, and there was brought forward from the previous year £18,071, making available a total of £58,990 as against £62,571 last year. The dividend for the year absorbs £22,500 the same as in the previous year, £lB,OOO ig added to the reserve fund against £22,000 last year, and a balance of £18.490 remained to be carried forward. The items of the balance-sheet, with the figures for last year in parentheses are as follow:—Liabilities: Capital, £150,000 (£100,000); reserve fund, £168,500 (£200,500); reserve for unexpired risks, £90,000 (£80,500); reserve fund, £168,500 (£200,000); reserve for £l7/Ji (£17,128); provision for taxation, £lo,ouo (£10,000); guarantee and provident fund, nil (£6030); sundry creditors, £7187 (£3463); appropriation for unpaid and unadjusted losses, £26,620 (£25,650); profit and loss account, £30,990 (£33,071). Total, £476,342. Assets: Loans on mortgage. £30,550 (£38.880); company’s property, £56,057 (£28,380); New Zealand and Australian war loan, £261,050 (£261,284); debentures, £63,850 (£69,850); debenture stock and shares, £3938 (£1105); fixed deposits and depositg at call. £6OOO (£7584); accrued interest and rents, £3Bll (£4006); cash, £32,964 (£24,853); balances, 1 £42,174 (£40,400).

Buyers. N.Z. GOVT. LOANS— £ s. d. £ s d 4} p.c. Inse. Stk., 1931 97 5 6 4J p.c. ditto, 1938 .. 97 5 0 54 p.c. ditto. 1933 . ioi 7 ij 4} p.c. Bonds. 1938 97 0 0 97 7 6 44 p.c. ditto, 1939 ... 97 0 0 pc. ditto. 1933 ... 191 10 0 5 p.c. P.O. Inse. Stk., 1927 .... 5 p c. P.O. Bonds. 1927 98 10 0 DEBENTUR ES— N.Z. Breweries (bonds) BANKS— — 13 6 Commercial of Aust. » (ord.) in n 1 11 9 National of N Z G 13 6 6 15 0 Now Soutli Wales (cum.) 41 7 6 Now Zealand 2 16 9 Union of Aust 14 10 0 Victoria (ord.) .... 7 12 6 FINANCIAL— ■ Abraham and Williams (ord.) 4 6 0 Dalgcty and Co 14 13 0 Goldsbrough Mort (rights) 0 9 0 Equitable Building .. 0 16 National Mortgage ... 3 14 6 N.Z. Loan and Merc. (pref.) 77 10 0 Mell. Trust, Loan ... —.... 6 6 0 M ell. Deposit and Mortgage ■ 1 ,1, 0 10 0 GAS— Christchurch 7 14 0 Gisborne 0 13 3 Wellington (ord.) .... 13 2 6 13 10 6 Ditto (pr r f.) o 16 3 INSURANCE— National 3 14 3 New Zealand 1 15 0 South British 2 11 6 MEAT PRESERVING— N.Z. Refrigerating (£1) 0 18 0 Ditto (10s.) ODO Gear 2 J) 0

TRANSPORT— Adelaide Steam 1 1 0 Huddart-Parker (ord.) o 6 0 2 6 9 WOOLLEN— Kaiapoi (pref.) — 0 16 0 Wellington (cum. ord.) — C 12 6 Oil tor (cum. pref.) ... G 13 6 COAL— Westport —— 1 12 W ai pa .... 1 2 6 TIMBER— Kauri 1 13 6 1 14 6 Leyland-O’Brien .... 16 c 1 II National 1 o 0 — Bartholomew 1 1 3 ■ II ■ BREWERIES— N.Z. Breweries 1 18 0 Ward and Co o HI c MISCELLANEOUS— C. M. Banks (ord.) .. — 1 5 0 British Tobacco (Aust.) (ord.) 2 4 6 Burns, Philp, and Co. Dental and Medical 1 17 9 Supply — 0 18 0 D.I.C. (prom., ord.) .. 0 F. 0 — Ditto (pref.) 1 6 0 Electrolytic Zinc (pref.) —— 1 12 0 Howard Smith J 14 3 1 15 0 Taranaki oil Fields .. 0 18 G 0 19 3 M airarapa Farmers’ (£5) 4 5 0 Wilsons Cement .... 1 13 0 - - MINING— Mt. Lyell 1 3 0 - ■■■ Wailii 1 0 1 5 6