FARM & COMMERCIAL

Dominion, Volume 19, Issue 47, 19 November 1925, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. 98 Riddiford Street, Newtown. Wellington. 11 a.m. —Sale of drapery (line and Co.). Otaki. —Stock sale. . S AVilleston Street, Wellington. 1 p.m. Sale of linoleums and carpets, also white lead etc., (E. Johnston and Co.) TO-MORROW. Manchester Street, Feilding, 11 Sale of Empire Hotel, I'eliding (Abiahani and Williams.). Shed 39, I’ipitea Wharf. Wellington. 1 p.m.Sale of iron and steel (L. Johnston and Co.). Feilding.—Sale of cattle (Abraham and Williams.). FAPING INTERESTS EGMONT SHOW CHAMPIONSHIP WINNERS Hawera, November 18. The Egmont show was opened here today in splendid weather, and with a large attendance. There are good entries in the various classes, and the quality of the exhibits is good. The official opening will bo conducted to-morrow by the Minister of Lands. Championships were awarded as follow: — CATTLE. Ayrshire—Bull, P. Brernner (Okaiawa). Cow, and reserve, F. Mills (ToFriesian —Cow, J. O’Shea (Ohangai); reserve, IT. E. Johnston (T-oknorn).

Milking Shorthorn.—Bull and cow, J. C. Wright (Normauby). Jersey.—Cow, 11. B. Lepper (Leppeiton)• reserve, G. IL Bell (Oaklira). Bull, A. A. Ward (Tariki); reserve, AV. Pollock (Hawera). , , ~ T , Hereford.—Cow and bull, J. Forbes (Normauby). Shorthorn—Bull and cow, Moore-Hun-ter Estate (Hawera). SHEEP. Lincoln.—P. Brernner (Okaiawa). Romney Marsh.—J. G. Alexander (Maswelltown). .. , Southdown.—A. A. Verry (Waitotara). HORSES. Clydesdales.—Brood marc, Moore Hunter Estate, which wins also the British Clydesdale Society’s medal. Filly, reserve championship, also the New Zealand Clydesdale Society’s medal, Moore Hunter Estate. Champion Hack.—Mrs. Mornn (Hastings) ; reserve, Mrs. L. Hicks (Hawera). Champion horse for spring cart purposes.—A. Griffins (Inaha). PIGS. Berkshire.—Sow, D. Stewart (Normanby) - reserve, Bowen and Wilson (Hastings). Boar, Stewart and Crocker (Nor- — All classes, Bowen and Wilson.

ADDINGTON STOCK MARKET TIE AVY YARDING AND GOOD SALE. By Telegraph.—Press Association. Christchurch, November 18. There were heavy yardings at the Addington market to-day, the quantity ot stock in some cases being about equal to a double market. The sale was a good one, considering the size of the entries. , . Store Sheep—A large entry. Prices were up to lute rates for all good sorts, and in some instances were slightly better Values were: .Good crossbred woolly owes, with 100 per cent, lambs, 275. to 27s Gd.; inferior woolly ewes and lambs, 20s. to 21s. 3d.; shorn ewes and lambs, 19s. to 215.; cull, aged ewes and lambs, 13s. lOd. to 18s. Forward four and six-tooth wethers, 325. to 335. 6c1.; Two-tooth wethers, 255. 9d. to 28s. lOd.; woolly wether hoggets, 30s. Id. to 355. 2d.; woolly halfbred hoggets, 355. 2d.; two-tootili halfbred ewes, 345. sd. Spring Lambs.—The entry totalled 200, compared with 419 at the double market a fortnight ago, and was in excess ot requirements. Prices were quite equal to those of the last sale. Fat Sheep.-*li riunes were penned, as against 14 at the last sale. Many pens ot specially well-finished wethers were included, and these, together with the greater part of the yarding, brought prices only slightly lower than recent values Medium quality downwards brought from 2s. to 3s. less than precarnival sale. Prime woolly wethers made 51s. to 605.; extra prime wethers, 40s. to 445. 10d.; prime wethers, 3os. to 395, 6d.; medium wethers, 31s. 6d. to 345. 6d.; light and unfinished wethers, 28s. to 31s. Prime woolly ewes, 40s. to 435. 10d.; extra prime ewes, 355. to 38s. 4d.; prime ewes, 31s. to 345.; medium ewes, 265. 6d. to 30s. 6d.; lighter ewes, 235. to 265.; inferior ewes, 18s. to 22s Eat Cattle.—6lo head were penned, rather more than the trade can absorb. Although the values of secondary qualities were lower, good class cattle mot with a fairly free demand. Extra prime beef sold at 595. per 1001 b., prime me-dium-weight 525. 6d. to 565., heavyweight 495. to 525., medium quality 425. to 455, light and inferior 3Ss. to 425, rough down to 28s. Prime heavy steers £25 to £27 15s. 6d, prime steers £2l to £24 10s.. medium-weight £lB to £2O 10s„ light £l4 to £l7 10s., rough £l2 10s. to £l3 15s. Primo heifers to £2O 2s. Gd., ordinary <£lo to <£l3 10s., light <£B to £9 155., prime cows £l3 to £l7 2s. 6d., medium £lO ss. to £l2 155., light cows £6 to £9 10s. Voalers. —A largo entry which sold well at late rates. Runners made to <£B good vealers e£6 to £7, jnodiuin vealere £1 10s. to £5 155.,„ inferior vealon. £2 to £4 155., calves 20s to 50s. Store Cattle—A fair-sized yarding, which met with a good demand. Good cows made £3 to £5 2s. 6d„ others 30s. to 505., bulls £3 to £7 10s., two-year-old steers £6 10s. Fat Pigs.—The entry was a medium one and the demand was generally satisfactory, especially for porkers, though baconors and choppers lacked the keenness of the previous sale. ..Values were; Choppers £3 10s. to £7, light baconers £.l ss. to £4 155., heavy baconers, £5 ss. to £5 155., extra heavy baconers £6 10s. (average price per lb. M. to 90.), light porkers, £2 15s. to £3 10s„ heavy porkers £3 15s. to £1 (average price per lb. 9d. to 10d.). , 1 Store Pigs.—Wenners, 235. to 80s., best weanets to 355., slips 365. to 395., small stores 38s. to 425„ medium stores 445. to 485., large stores 545. to G7s. 6d.

JOHNSONVILLE STOCK SALE Messrs. Abraham and Williams Ltd. and Wright, Stephenson and Co, Ltd, report on their Johnsonville stock sale held yesterday as under: Nothing but really good quality sheep and cattle were yarded; in fact, it was as good a yarding as has ever been put befpro the butchers. Despite this, bidding was dull, although everything sold at fairly satisfactory prices. Sheep showed a drop of fully 25.. per hern] on provious quotations. . The spiing lambs were light, but nice quality. Quotations: Ox, heavy. £lB ss„ £lB 7s. G<l £lB 15s, to £2l; ox, good, £la 15.;:, £l6 10s, £l7, £l7 10s, to £l7 17s. 6d.; ox. lik’ht, £l3; wethers 3os. 6d„ 365, 375. 7d. to 38s 3d.; heavy ewes. 345. 3<l, 355. 6d, 3os. lOd, to 365. Gd.; woolly owes. <£2 Is.; woolly hoggets. 365.; lambs. 235, 2!s. 9d„ 255. 3d, 265. 7d, 275. to 28s. 6d.

WOOL MARKET VALUES ADVANCE AT BRISBANE SALES. Brisbane, November 18. The wool sales show the best selection for the year past.. Competition is keen and -ood clearances have been eflected. Values of the best super-wools have advanced 5 per cent.—Press Assn. PRICES FIRM AT PERTH. Perth, November 18. At the wool sales there was animator! competition. Values are firm at late rates.—Press Assn. WHOLESALE PRODUCE PRICES Messrs. Laery and Co., Ltd., report wholesale values as follow-.—Mixed fowl feed 7s. 6d. per bushed, sacks in; linseed meal, 165.; linseed nuts, 145.; meat meal, for poultry.. 13s per cwt; oyster shell grit or pipi shell grit, 6s. 6d. per IDOlb.: maize, 7s. Bd., crushed 8s °d per bushel; oats, machine dressed seXd Algerians ss. 9d., farmers’ dressed seed Algerians fe. 10d., crushed ss. 6d„ Duns ss. Gd., Gartons 4s. 9d. to ss. ’d per bushel, sacks in: shelled oats, for chickens, 6s. per bushel, sacks in; wheat 7s. lOd. to Bs. per bushel, sacks in; barley, ss. 4d. to ss. 9d per bushel racks in; eggs, first grade new laid 2s to 2s. 2d.; storekeepers Is. lOd. to eq dozen i butter, farmers' separator and dairy. Is. 2d. to Is 3d. lb.; Yowls, White Leghorns 6s. Gd. to <s. Gd., Black Orpingtons and similar varieties 9s. to 12s. per pair: turkeys, Is. to Is. 3d. lb.: dneks, Runners 10s. to 13s. per pair, large white 13s. to 155.; fungus, Bd. to 9d. per lb.; dressed pork, 60’s to 90’s, Bd. lb.; sucking pigs, 9d. to lOd lb.; sucrosinc. £l2 per ton; molasmeal, £ll per ton; Blenheim chaff, ton lots £8 12s. Gd. per ton, sacks in; rock salt, Gs. 6d. per bag; Canterbury table potatoes, ton lots. £9 to £9 10s. per ton, sacks in; seed potatoes, Canterbury grown, ton lots, Sutton Supreme £l3 Arran Chief £7, .Gamekeepers £7 ton.’ sacks in, small lots 10s. per ton extra; molasses, in casks 425. 6d. per cask in cwt. cases Bs. 9d. per case; mutton birds, in casks of 500 birds, 7d. per bird; bran, half-ton lots or over, £lO per ton; pollard, half ton lots or over, £ll per ton. Messrs. Joseph Nathan and Co.. Ltd., have received the following cablegram from their London house dated Novem;lPT 17-—New Zealand butter, 201 s. to 2065. ’ \

OTAGO SHOW Bv Telegraph.—Press Association. Dunedin, November 18. The Otago Summer Show opened today, in glorious weather. The cattle, sheep, Clydesdale horses, and pigs, were judged. The entries are slightly less than last year, the falling-off being in the horse section. The Clydesdales, although not strong numerically, were a feature in point of quality. The Friesians are a particularly strong section, and some aristocratic examples ot tile breed are amongst the entry. The Prime Minister (Mr. Coates) was present.

STOCK SALES Messrs. Dalgety and Co., Ltd., report that at Levin sale on Tuesday only a small yarding of cattle and pigs came forward. A good clearance was effected at late rates. Quotations: Forward cows, £4 12s. Gd.;topring heifers, £6 7s. 6<L; 3-yoar Jersey bulls, £3 10s.; weaner pigs, 275. 6d.; pedigree weaner Berkshire boars, £2 155.; pedigree weaner Berkshire sows, £2 2s. Messrs. Abraham and Williams, Levin, report:—The weekly stock sale brought some good prices, particularly with respect to porkers. There was an unusually large yarding of pigs. There were a few sheep, which sold at an average figure. At tintos tho bidding for empty heifers was slower than usual, and one or two lines passed in. Beef, the quality of which was mediocre, did not create a very spirited demand. Tho prices were:—Sheep: Shorn 2-tooths, 245. Bd.; woolly hoggets, 355. Cows, etc.; Springing heifers, £3 55.; fat cows, £5 to £6; fat heifers, £4 7s. Gd.; good vealers, £3 165.; yearling heifers, 3s. to £2 55.; stores,‘22s. 6d. to £3; 18-month Jersey heifers, £3 55.; yearling steers, £3 75.; cows and calves (poor condition), £2 ss. Pigs: Weaners, 17s. 6d.. to 235.; stores, 375.; light porkers, £2; medium porkers, £2 75.; baconers, £3 17s. 6d. Messrs. Abraham and Williams, Ltd., report, on their Marton sale on November 17 as follows:—We had a yarding of 600 sheep, 50 pigs, and 500 cattle, chiefly cows and heifers. The market showed a considerable drop, and bidding was very slow. We, however, sold the bulk Of tho entry at prices below those ruling of late. Quotations:—Fat wethers. 365.; ewes and lambs, 425. to 455. “9d. - fat and forward ewes, in wool, 275. 6d.; m.s. hoggets, 285.; shorn 2-tooth wethers, 235. 9d.; shorn 2-tooth ewes, 265. 4d. Pigs: Slips, from 17s. to 305.; wenners, 13s. 6d. to 20s. Cattle were dull of sale. Forward cows, £2 15s. to £4, Is.; fat cows, £4 10s. to £6; fat heifers, £4 55.; yearling heifers, 395. to £4 11s.; poor do., 16s. to 365.

COMMERCIAL ITEMS / WELLINGTON “STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the afternoon call yesterday sales of Bank of Australasia shares at .£l4 and N.Z. Breweries 10 per cent, bonds (three parcels) at 255. were made on ’Change, and the sales reported were N.Z. Breweries 10 per cent, bonds at °ss ' Staples and Co. brewery shares at 45s.’and 445. lid., and Kawarau Mining shares at Bs. There was scarcely any demand for Government stocks and bonds There was a bid of £96 ss. for the 41 per cents. (1930). N.Z. Breweries stocks and bonds were in strong demand, the former at 24 s. 9d., and the latter at °4s lid. Bank shares were steady with havers of Bank of .Australasia shares nt £1.3 19s National Bank at e£6 135., Bank of'New Smith Wales at £l-1 10s. rum. dividend, a rise of 5s Rank of New Zealand at 4?2 16s. 10d.. and Bank of Victoria nt £7 10s. There was a good demand for financial shares. Goldsbrongh. Mort and Co.’s shares were steadv at 465. 3d. N.Z. and Hirer Plate share's wore slightly firmer at 21s. lOd. For Equitable Building shares £8 17s. fid was bid. and for Wellington Trust and Loan -£6 ss. Wright. Stephenson and Co.’s preference, shares were firm at 17s For N.Z. Guarantee Corporation shares 9 s. 9d. was bid for the ordinary and 21s. for the nroforcnoc. Wellington Gas shores. £ l O mid were in demand at £l9. and the preference shares at 16s 3d. Tnsnronee shares were firm. N Z T n c m r on"o sh-'res «•«" —'"hanged nf-' 36s fid ami c orth British Insurance shares n,l. 1.1-her at 50s. 3d. For nnrldm-t-Por’.or ordinary shares 435. fid was offered, pn-l for Fmon Steam nreferenee 90s. WoHinoton Woolier shares were in do--and nt ?5 19s. Tbo’f wpre havers of Westnorf Coal at 345.. Kauri Timber nt 345.. Notional Timber nt ‘ oo s Cfnnles and Co. brewery at 44«. fid and Ward and r 'o. brewery at. 775. nd” Colonial Sugar shares were firm nt £5O and there were buyers of Burns,

Philp and Co. at 375., Electrolytic Zinc preference at 335., and Amalgamated Zinc at 255. Gd. Yesterday’s buying and selling quotations were as under: —

SALES IN OTHER CENTRES Br Telegraph—Press Association.

Auckland, November IS. Sales: City of Auckland (debentures, 1940), £96; ’Bonk of New Zealand, 575. (two sales); Auckland Gas. 225. riiTiatchiircb, November 18. Sales reported: Bank of Australasia, £l4 ftwo parcels); Union Bank, £l5 (two parcels): Goldsbrough Mort. 565. 6d.; Staples Brewery, 455. 3d. (two parcels). Sales: New Zealand Breweries, 585., SSS. 3d. Staples Brewery, 455. (three parcels); Whitcombs and Tombs, CDs. (two parc l ’’ Dunedin, November 18. Sales- Bank of New Zealand, 575. (two); Union Bank. £l4 175.; Westport Coal, 345.; Dominion Rubber, 595.; Donaghy a, 345.; New Zealand Drug, 675. 3d.: New Zealand Breweries, 575.: Kawarau, 7s. lid. (two), 7s, lOd. (two), 7s. 9d. (two), 7s. Bd., 7s. Gd. (three). ■ Sale reported; Dominion Rubber, 595.

TARANAKI OIL FIELDS LIMITED The report of the Taranaki Oil Fields, Ltd., for the week ended November 14 reads:—Motnroa: Waiting for cement to set./ Preparing site for tank. Tarata: Drilled to 3810 feet in shale; casing to 3785 ft. No change.

MOSGIEL WOOLLEN FACTORY The trading of the Mosgiel Woollen Factory Limited for the year ended October 6, though satisfactory, was not as good as in the previous year. The gross profit amounted to £35,145, as compared with £13,355 in the previous year. There was, however, a big reduction in expenses, the total being £19,787, against £24,663. The net profit totalled £15,358. against £18,692. With £9280 brought forward there was available for distribution £24,638. Out of this £4OOO has been written oft for depreciation, as compared with £5OOO last year, and £2OOO added to reserve, as against £5OOO last year. The sum of £1250 has been written off shares in other companies, this comprising £750 in British Dyestuffs Corporation and £3OO in New Zealand and South Seas Exhibition Company. The dividend at the rate of 8 fior cent., half of which was paid as an interim dividend, and the bonus of 2 per cent, together absorb £9538, leaving £7850 to be carried forward. The reserve fund now stands at • The items of the balance-sheet, with those for last year in parentheses, are as follow:— Liabilities: Capital paid up, £93,380 (£95,380); reserves, £37,078 (£35,078); employees’ benefit fund. £10.530 (£10,230); bill's pavable, nil (£53); unclaimed dividends, £44 (£15); bank debit, £8233 (£953); sundry creditors, £19,237 (£33,846): profit and loss. £13,573 (£15,003); total. £181,075 (£190,557).. Assets: Land, buildings, machinery, etc., less depreciation, £14.743 (£47,970); warehouse property, £6OOO (£6000); took debts, £30,502 (£30.229); bills receivable, £2436 (£2453); shares in other companies, nil (£1250); war loan, employees’ benefit fund, £10,090 (£10,000); New Zealand Government loan, £11,186 (£24,655); goods. £79,208 (£68,200).

KAWARAU MINING The latest progress report in connection with the construction of the dam to facilitate mining in the bed of the Kawarau River is a little disappointing, as owing to bad weather and a consequent rise in the levs! of Lake Wakatipii, work has been greatly delayed. This has considerably hampered operations, more especially in the deep chan-nel-which was in the process of being diverted for the purpose of placing No. 10 pier and sills. The lake has since dropped in level to a slight extent, but still remains high, and has the appearanco of continuing at a high level for some time. The number of men employed has been reduced by approximately 25, thus ensuring no leakage from a labour point of view. Gates Nos. 1, 2, 3 and *4 are in position, and gates 1,2 and 3 are operating with their own gear, and No. 4 gate is now working with its own gear. Work on the Public Works bridge has been steadily pushed forward. The first three spans are completed as regards the steel work and the fitting of the gate winches and shaft. The fourth span girders have been launclu-d into position, and are being levelled up for the fourth gate lifting gear. Work on the wing dam is progressing favourably, and the channel is being blocked, and as soon as this is completed It will be possible to proceed with work in connection with No. 10 pier.

LONDON STOCK EXCHANGE. (Rec. November IS, 11.5 p.m.) London, November 17. Bank of Australasia. 4113 155.; Bank of New South Wales, .£39 12s. 6d.; Union Bank. .£ll 11s. 3d.; National Bank. ,£6 15s. 6(1.; Bank of New Zealand guaranteed stock, .£9l, shares, ,£2 155.; New Zealand Ixian and Mercantile Agonc Co., debentures, .£73 10s., ordinary, 4:9 PRICE OF GOLD. (Rec. November 18, 11.5 p.m.) London, November 17. The price of gold is 414 4s. lid. per ‘■once. CUSTOMS REVENUE. Customs revenue collected at the ’•<>■. I of Wellington yesterday amounted to 1'0,622.

Buyers. £ s. d. Sellers. N.Z. GOVT. LOANS— -IT 8. d. 4 J p.c. I use. Stk., 1938 — 96 10 0 51 p.c. ditto. 1927/1941 . 98 10 0 •H p.c. Bonus. J938 .. 96 10 0 li p.c. ditto, 1930 .... 96 o 0 — debentures— N.Z. Brewerton (stock) 1 4 9 1 4 11 1 5 3 BANKS—' Australasia Commercial of Aust, 13 19 0 14 2 6 /ord ) 1 13 6 National of N.Z New South Wales 6 13 0 — (cunt.) 41 10 0 —— o 16 10 Victoria (ord.) English, Scottish, and 7 10 0 — 7 15 0 FINANCIAL— Goldsbrough Mort ... 2 — Equitable Building .. N.Z Guarantee Corp. s 17 6 9 6 (ord., 8s.) Ditto (pref.) 0 9 9 0 10 3 1 1 0 — N.Z. and River Plate 1 1 10 — Well. Trust, Loan .... Wright, Stephenson 6 5 0 — (pref.) 0 17 0 — GAS— ... - 7 13 0 Wellington (ord.) .... 13 0 0 13 7 G Ditto (pref.) insurance— 0 16 3 — National (cum.) .... — 4 1 0 New Zealand 1 16 6 — 2 10 3 MEAT PRESERVING— N.Z. Refrigorat. (10s.) Gp;| r 0 8 1 —— _.. 2 0 0 Well. Meat Exp. (£3 17s. (Id.) TRANSPORT— - 9 0 7 6 Iluddart-Parker (ord.) 2 3 2 4 6 Union Steam (pref.) .. WOOLLEN— 1 0 0 — Well. (ord. and pref.) 5 19 0 — COAL— IVestport (cum.) .... TIMBER— 1 14 0 — Kauri (cum.) National (cum.) 1 1 14 0 0 1 3 0 BREWERIES— j Manning and Co — 0 0 Staples and Co 2 4 6 5 0 — 19 0 3 17 6 — MISCELLANEOUS— Burns, Philp, and Co. 1 17 0 Colonial Sugar 50 0 0 — Electrolytic Zinc (pref.) Kirkcaldie and Stains 1 13 0 — 1 0 0 Newton King (ord.) ( . 0 10 0 — Ditto (pref.) Walrarapa Farmers’ — 0 18 0 0 17 0 ■ ■— Amalgamated Zinc .. MINING— 1 5 6 — Kawarau - 0 7 10 0 8 1