FARM & COMMERCAL

Dominion, Volume 19, Issue 45, 17 November 1925, Page 12

FARM & COMMERCAL

NEWS AND NOTES

AUCTION SALES . TO-DAY. 8 Willeston Street., Wellinglrm, 1.30 p.m.—Sale of salvaged cargo (E. Johnston and Co.) 110 Rintoul Street, Wellington, 10.30 a.m. —.Sale of contractor's plant (E. Johnston and Co.). 185 Upper Wilis Street, Wellington. 1 p -ln ,—Sale of secondUiand dealer's stock (Ramsey Wilson). Levin, 2.30 p.m.—Sale of G-roomed house, situated Tiro Tiro Road, Levin (L. Carmichael and Co.). Levin. —Stock sale. TO-MORROW. Johnsonville. 12.30 p.m.—Stock sale. Municipal Theatre, Waipawa, 2 p.m. — Sale of'Waipawa Hotel and Business Properties, situate Waipawa (Hoadley. son, and Stewart). 105 Customhouse Quay, 2.30 p.m.—Sale of residence, situate Watt Street, and sections Sefton Street, Highland Park, and Hanover Street, Wadestown (S. George Nathan and Co-)-8 Willeston Street, Wellington, 10.30 a.m.—Sale of English grey canvas and at 1.30 p.m. sale of boots etc. (E. Johnston and Co.). llasterton. —Sale of horses and polo ponies (W.F.C.A.). THURSDAY. Otaki.—Stock sale. 8 Willeston Street, Wellington. 1 p.m.— Sale of linoleums and carpets (E. Johnston and Coo.). FARMING INTEREST? FOOT AND MOUTH DISEASE EFFORTS TO STAJfP IT OUT IN BRITAIN. ■ London, November 15. A drastic expedient in the ■ shape of a temporary "Stand Still” order lor a period of three weeks over the Midlands and South of England has been Imposed by the Minister of A'-’r'culture, in his determination to stamp out the spread of foot-and-mouth disease, which is threatening to reinvade the country from Continental sources. Sixteen coun. ties have been affected in the past seven weeks. In certain specified cases the movements of cattle arc permissible within the affected area, but in no case to the free area.—Reuter.

LONDON MxYRKETS HIGH COMMISSIONER'S CABLED REPORT The Department of Agriculture has received the following cablegram, dated November 11, from flic High Uommis sioner for New Zealand, London: Blitter. Slow. Official quotations are:— New Zealand.—Finest -salted: November 14, 201 s. to 208 s. per cwt. (Is. 9-ld. Lu Is. IG.ld. per lb.). November 7,208 s. to 2125. per cwt. (Is. lOjd. to Is. 101(1. per lb.). Unsaltcd: November 14, 201 s. to 208 s. por cwt. tls. Old. to Is. per lb.); November 7,210 s. to 2145. per cwt. (Is. 101 d. to Is. lljd. per lb.). .Other qualities: November 14, 1905., to 200 s. per cwt. (Is. Bi<l. to Is. 91d. per lb.). Australian.—Salted: November 14, 1925. to ■ 200 s. per cwt. (Is. BJd. to Is. Did. per lb.); November 7,200 s. to 24,45. per cwt .(Is. 9)d. to Is. 9Jd. per lb.). Unsalted: November 14, 1925. to 200 s. per cwt. (Is. BJd. to Is. 'J)d. per lb.); November 7,200 s. to 201 s. per cwt. (Is. 9.)d. to Is. 93d. per lb.). Other qualities (salted): November 14, IGOs. to 1110 s. per cwt. (Is. sd. to Is. Bsd. per lb.). Other qualities (unsalted): November 14, 160 s. to 186 s. per cwt. (Is. sd. to Is. 73d. per lb.). .Argentine.—Unsalted: November 14, 1725. to 1765. per cwt. (Is. 61d. to Is. GJd. per lb.); November 7,170 s. to 1765. per cwt. (Is. 6Jd. to Is. 63d. per lb.). Siberian. —November 11, 168 s. to 1765. per cwt. (Is. 6d. to Is. <>3d. per lb.); November 7,170 s. to 180 s. per cwt. (Is. GJd. to Is. 7RI. per, lb.). Danish—November 14, 2145. to 2165. per cwt. (Is. lid. to Is. Hid. per lb.); November 7,218 s. per cwt. (Is. HJd. per lb.). Cheese. Official quotations are:— English.—Finest farmers, unchanged. Finest Canadian coloured and white, 115 s. to 118 s. per cwt. (Is. OJd. to Is. Old. per lb.). Hemp and Wool. Hemp.—Manila market quiet, closed steadier. “J” grade January-March shipments sold £4l. Output JanuarySeptember 1,036,000 bales, against 1,294,000 same period last year. Stocks Manila. October 31 183,000 against 155,000. Great Britain 37,868, against 5884. Sisal market quiet, but firm. Value No. Tanganyika November-January, £45, N'ew Zealand market quiet. Value highpoints, November-January, £39. Business has been done 'in fair, £35; common, £3l. Wool. Bradford market quiet, but steady. Lower qualities are in demand. Quotations unchanged. Apples. Oregon Newton, Ils. to 16s. per case; Californian Newton, Ils. to 13s. per case-, British Columbia, Jonathan, Ils. to 13s. 6d. per case; Nova Scotia, King’s, 18s. to 225. per barrel; Ribson Pippin. 18s. to 225. per barrel; English, Cox’s Orange, special, 20s. to 30s. per bushel; BlenhWm’s, ss. to Bs. per bushel Cookers, Bromley’s, Newton, and Wonder, 4s. to 6s. per bushel. ' Tallow. Spot market firmer. Present quotations are: — , Mutton: Fino, 48s. to 48s. 6d. per cwt.; fair to good, 445. to 475. fad. per cwt.; dark to dull, 41s. to 41s. 6d. por cwt Beef: Sweet and/or mixed, 445. 6d ’to 475. per cwt.; fair to good, 41s. (id. to 445. 6d.; dark to dull, 40s. to 41s. per cwt. Mixed: Fair to good, 41s. fid. to 425. (lid. per cwt.; dark to dull, 40s. to 41s. per cwt. Gut, etc., 375. to 41s. por cwt. Eggs. Short supplies. Steady demand for all kinds. Present quotations are:— English, Danish, 325. 6d. to 355. per Ion"’ 100; Irish, Dutch, Belgian, 275. to 325.” per long 100; French, Italian, 235. to 265. per long 1(X); Australian,. 225. to 235. per long 100; Lithuanian, Argentine, Russian, Chinese, 12s. to 17s. 6d. per long 100; South African, 19s. to 20s’. 6d. per long 100.

Messrs. Joseph' Nathan and Co., Ltd., have received the following cablegram from their London house dated November 13:—Now Zealand butter, 2025. to "°Tho Bank of New Zealand, produce department, has received the following advice from its London office under date November 13:— Butter.—Without improvement. 2025. to 2065. per cwt. . Frozen Aleat.—There is a little bettor demand for wethers. Thy market for ewes is depressed owing to absence of demand The lamb market is weaker for heavy weights. The beef market is depressed owing to heavy stocks of Australian. Quotations: Wethers, light 7M. to 81d. nef lb., heavy 7d. to 75d. per lb.: ewes. sd. to 6Jd. per lb.; lambs, under 421 b. lOd. to 12d. per lb., over 421 b. 9)d. to 10d. per lb., seconds IOJd. to Hid. per lb., Australian lOd. to HJd. por lb., Argentine 10|d. to lljd. per lb.; ox hinds, 4Jd; to sd. per lb.; ox fozoes 4Jd. to 4Jd. ner lb. Tho New Zealand Producers’ Co-opera-tive Afarketing Association’s weekly cabled renort from Txindon, dated November 13, is as follows: — Butter.—Afarkct very slow. New Zealand salted, 2615. to 2065.; unsalted, 2615. to 2065.; Australian. 1925. to 2005.; Argentine, 1725. to 1765.; Danish, 2105.; Dutch, 2085.; Esthonian, 1965. to 2025.; Latvian, 186 s. to 1945.; Siberian, 168 s. to 1765. Cheese.—Atarket quiet. Canadian. 115 s. to 118 s.; English factory, 110 s. to 114 s.

COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the morning call yesterday a sale of Staples and Co. brewery shares at 455. was reported. At the afternoon call the sales reported were Carlton Brewery shares at 38s. Gd.. and Kawarau Mining at Bs. Ijd. There was a moderate demand for Government stocks and bonds with buyers of the 4.J per cents, at .£93 55., and the 5 per cents, nt .£97 10s. There were buyers of New Zealand Breweries bonds at 255., and stocks nt 245. 9d. Bank shares were firm ami unchanged. There were bids of .£l3 19s. Id. for Bank of Australasia shares, £6 13s. fid. for National Bank, «£4l ss. cum. dividend for Bank of New South Wales. 565. 9d. for Bank of New Zealand, £7 10s. for Bank of Victoria. and £7 10s. cum. dividend for English, Scottish and Australian Bank. Financial shares were in good demand, with buyers of Goldsbrough Mort nt 455. Gd.. New Zealand end River Plate at 2ls. 9d., Wellington Trust and Loan at .£G ss._ Wellington Investment at 10s., New Zealand Guarante© Corporal ion at 9s. 9(1. tor the ordimu-v and 21s. for the preference. New Zealand Insurance shares were steady at 365. 3d., and South British at 59 s. There were bids of 435, Gd. for ITuddart-Parker ordinary, and 20s. for Union Steam preference. Other buying quotations were Tcyland-O’Brien Timber at 595. Gd., National Timber at 225.. Stonies and Co. Brewery at Ward and Co. brewery, at <23 17s-. Howard

Smith at 325. fid., and Newton King <•- dinarv nt 10s. Yesterday's buying and selling quotations were as under:—

SALES IN OTHER CENTRES Br Telegraph—Press Association Auckland, November ]O. Sales: Auckland (las, 21s. lid.; Staples Brewery, -155.; Taranaki Oil (cum. rights), 235. (two sales); Kawarau, Bs., Bs. 3d., Bs. 6d., Bs. 3d., Bs. 4d., Bs. 3d. Dunedin, November IG. Sales: Dominion Rubber, ,14s. fid.; New Zealand Breweries, 575. fid.; Kawarau, Bs. 3d. (seven sales), 7s. I)d. (two), 7s. Bd. (three), 7s. 7d. (tw>), 7s. (id. Sales reported: Dominion Rubber, 555.; New Zealand Breweries, 58s. Christchurch, November 16. Sales reported: National Bank of New Zealand, £6 145.; Union Bank, £l4 195.; New Zeal.ir.d Insurance, 3(is. lid.; Standard Insurance, '47s. 3d.- New Zealand Refrigerating (paid), His. Od. Sales: Hiectro Zinc (pref.), 325. 6(1., 335. 3d.

TRAFFIC THROUGH THE CANALS

.One method ot arriving at the shipping strength of the nations is a consideration of the traffic of shipping through the Suez Canal and the Panama Canal. Through the Suez Canal the passage of British shipping is, iM’'course, the greatest. In 1924 tiio British tonnage passing through this canal was 14,067,405 tons, against 13,193,457 tons in 1923, and 11,568,291 tons, the average for 1910-13. The total tonnage using the Suez Canal last year was 23,828,4154, against 21,302,406 in 1923, and the British percentage last year was 59 per cent., against 61.9 per cent, in 1923. Danish, Dutch, French, Gorman, and Italian shipping using the Suez Canal showed considerable expansion last year. Excluding ilie shipping of the United States, tho passage of British shiping through the Panama Canal was 58.9 per cent, of the remainder. Next camo the Japanese, witli 7.9 per cent, of tho remainder, and then the German with 6.4 per cent. British shipping passing through the Panama Canal last year was 6,097,6 fl tons, against 4,892.338 tons in 1923, i.nd 2,760.188 tons in 1920. Last year Japanese shipping passing through tho canal totalled 815,908 tons.

uvus wviv ■ Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ s. d. ■li p.c. Inse. Stk., 193S — 90 10 0 51 p.c. ditto, 1927/1941 —— IIS 10 0 4J p.c. Bonds, 1938 .. —• 90 10 0 4J p.c. ditto, 1930 96 5 0 —— 5 p.c. P.O. Inse. Stk., 19 f >7 97 10 0 98 9 0 5 p.c. P.O. Bonds, 1927 07 10 t) — DEBENTURES— N.Z. Breweries (stock) 1. 4 9 — Ditto (bonds) 15 0 17 0 BANKS13 19 0 Commercial o£ Aust. (ord.) — 1 13 9 .... 1 New South Wales 11 5 0 —— 2 Hi 9 2 17 l> Union of Aust 15 0 0 Commercial of Sydney — 25 15 0 Victoria (ord.) 7 10 0 >5 English, Scottish, and 7 10 0 — . FINANCIAL— Goidsbrouph Mort ,. 2 5 6 — N.Z. Guarantee Corp. (ord., Ss.) 0 9 10 — 110 N.Z. and River Plate 1 1 9 — Well. Invest. T. and A. o io o 0 10 9 Well. Trust. Loan .... 6 5 0 — INSURANCE— 1 16 3 - South British 2 10 0 — MEAT PRESERVING— N.Z liefrigerat. (10s.) 0 7 10 —— Well. Meat Exp. (£3 17s fid ) - ■ — 0 6 0 TRANSPORT— Iluddart-l’arker (ord.) 2 3 0 2 4 0 Union Steam (pref.).. 10 0 — WOOLLEN— Kaiapoi (ord.) — 0 9 0 Ditto .contrib.) — 0 16 COAL— ■Westport (cum.) .... — 1 15 0 Westport-Stockton (pref.) 0 5 0 1 1, 116 TIMBER— Lcyland-O'Brien (cum.) 2 19 0 3 2 0 National 12 0 13 0 BREWERIES— •T. Staples and Co. .. 2 4 0 2 5 6 Ward and Co 3 17 0 — MISCELLANEOUS— Burns. Philp, and Co. 1 17 0 —— Electrolytic Zine (pref.) — 1 13 6 Howard Smith 1 12 6 — . Kirkcaldle and Stains —— 10 0 Newton King (ord.).. 0 10 0 Ditto (pref.) — 0 IS 0 Wairarapa Farmers’ 0 17 0 — MINING— Kawarau 0 8 0