FARM & COMMERCIAL

Dominion, Volume 19, Issue 48, 20 November 1925, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. 98 Kiddiford Street, Wellington, 11 a.m. . —Sale of drapery (Vine and Co.). 'Manchester Street, Feilding, 11 a.m — Sale of Empire Hotel, Feilding (Abraham and Williams.). ■ Shed 39, I’ipitea Wharf, Wellington. 1 p.m. —Sale of iron and steel (C. Johnston and Co.). Feilding.—Sale of cattle (Abraham and Williams.). .MONDAY. Pahiatua, noon.—Salo of Cattle (OaJgety and Co.. N. Z. Loan and Meicnntile Agency Co., and Eecleton and Rodney). FARMING INTERESTS FROZEN MEAT MARKET SHIPMENTS FROM NEW ZEALAND.' The New Zealand Meat Producers Board reports the following shipments of frozen meat from New Zealand:

SHIPMENTS FROM SOUTH AMERICA The New Zealand Meat. Producers* Board has l received a cablegram from its representative at Buonos Aires, advising fho following shipments to the United Kingdom for the fortnight ended November 12, from Argentine and Uru-guay-.—181.350 quarters chiljed beef, 17,085 quarters frozen beef, carcasses frozen mutton, 97,993 carcasses frozen The quality shipped to the Continent of Europe during the same period totalled 8207 quarters chilled beef. 110.580 quarters frozen beet, 10,027 carcasses frozen mutton. , Messrs. IVright, Stephenson and Co. advise having received cable advice from London to the effect that at the London wool sale, to be held on November 21, the offering will be 178,500 bales.

TO CHECK TREE PESTS IN NEW ZEALAND LACE FLIES FROM BRITISH COLUMBIA. (Rec. November 19, 10.5 p.m.) Victoria (8.C.), November 19. When the Aorangi sailed on Wednesday night she carried 1900 lace Hies, packed in special boxes and placed in the refrigerator chambers of the motor ship for New Zealand. They are dormant warriors for a battle to be staged in the parks and pleasure grounds of the southern Dominion to protect oaks and other trees from the depredations ot the predatory green fly. The shipment was collected by entomologists under tlic, loose bark of pine trees in British Columbia. They are expected to prey on the green flies and hold in check their devastation ot deciduous trees.—Reuter. DAIRY PRODUCE MARKET The New Zealand Loan and Mercantile Agency Co. have received the following advice from London: — Butter. —New Zealand choicest, 2065. to 208 s. per cwt.; better demand. Cheese— No supplies. TALLOW MARKET Messrs. Dalgety and Co., Ltd., report having received the following cablegram from their London house, under date November 18:—1910 casks of tallow offered; 945 sold. Fair demand at unchanged prices. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house, under date November 18: — • Tallow.—We quote c.i.f. and 6. for the following descriptions:—Fine mutton, 475. 6d. per cwt.; good beef, 46s.;'mixed, 435. Our quotations are more or less nominal. The Bank of New Zealand, produce department, has received the following advice from its London office under date November 18:—Tallow; There is a fair demand, and prices remain unchanged. BRISBANE WOOL SALES Messrs. Dalgety and Co., Ltd., report having received the following cablegram from their Brisbane house, under date November 18:—Wool sales opened. Attendance of buyers is large; competition very animated. German buyers the principal operators, American, Bradford, French buyers are buying freely. Japanese are comparatively quiet. Selection generally better. As compared with last sale’s closing rates best fleece skirtings firmer; all other descriptions wool prices firm. Impossible to quote scoured wools; very few offering.

OTAGO SHOW Bt TBLEGBJrH — FkESS AS«OCIATRW.

Dunedin, November 19. .The Otago Summer Show concluded today in fine weather. The attendance showed a decrease compared with last year. The Governor-General and Lady Alice Fergussoit were present, also the Prime Minister and Mrs. Coates. The high jump championship resulted: G. Roberts’s Puzzle, 1; E. J. Daherty s Old Jock. 2. Leaping championship:, \V. JI. North (Tahakopa), 1; A. Speight (Dunedin), 2; Miss I. Rutherford (Fendalton), 3. Two 20-guinea cups were presented by the N.Z. J? riesian Breeders’ Association. The winner in the female section was the Bloomfield Farm Co. (Upper Hutt), with Willowvale Galatea Sogis. Tn the male division the cup was awarded to the J. C. L. Hobson Farm (Panmure, Auckland) Springban* Zozo Mercenai. The Waitaki Challenge Shield for the bull whose three nearest dams made the highest sem-official test was presented to Kurth and Sons.

HAWERA SHOW By TnhhGßAi’ii.— Press Association Ilawera, November 19. The weather was line and there was, a big attendance for People s Day at the show. Championship awards are: Clvdesdales, champion entire, J. Kerrisk (Ohangai), also the < lyilesdale Society’s and the British Clydesdale Society’s medals. Jersey champion (Lilly cow, F. Hoskin (Matapu), reserve, S. J. Bennett (Kaupokonui).

LAND BQARD FIXTURES Meetings of the Wellington Land Board next year will be held on the following dates:—January 26, February 23, March 30 April 27, Mav 25, Juno 29. July 2<, August 31, Septeifiber 28, October 26, November 23, and December 14. COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE , YESTERDAY’S BUSINESS .AND PRICES '

At the morning call yesterday a sale of Bank of Australasia shares at £l4 was made on 'Change, and sales ot Union Bank shares (two parcels) at £l5 were reported. At the afternoon call a sale of New Zealand Guarantee Corporation ordinary shares, Bs. paid, at 10s. was reported. There was a little more demand for Government stocks and bonds, with buyers of ths 5 per cents, at £97 10s. and the 5\ per cents, at £99 ss. New Zealand Breweries 16 per cent, bonds were firm at 245. 9d. There was a restricted demand for bank shares, with buyers of Cominercial Bank shares at 325. 9d., Bank of Now Zealand at 565. 9d., and .English, Scottish and Australian at <£7 12s. 6d. cum dividend. Financial shares Were steady. Goldsbrougli, Mort and Co?s shares were a shade lower at 4Cs. Equitable Building shares were unchanged nt £8 17s. Cd., and Wellington Investment shares were also unchanged at 10s. Wellington Trust and Loan shares at £6 6s. were Is. higher. New Zealand Guarantee Corporation ordinary shares, Ss. paid, were 2d. higher at 9s. lid. Wellington Gas preference shares were steady at: 16s. 3d. New Zealand Insurance shares were 3d. easier at 365. 3d., and South British Insurance shares, were unchanged at 50s. 3d. Hiiddnrt-l’arker nioferencc shares were in demand at 205., and I nion Steam preterence at 20s. Timber scares wore steadv. For Kauri Timber shares Ms. was bid, for Leyland O’Brien Timber 595. 9d., and for 'NaHonnl Timber 225. There were buyers of Staples and Co. Brewery shares at 445. 7(1., and Ward and i’o. Brewery shares at 775. 3d. There were buyers of British Tobacco ordinary al: Ills. (id.. Electrolytic Zinc preference at 325. 9d.. Wairarann Farriers. £5 v’d. of 7t’s., and W’lson’s Cement at 31s. fid. Yesitirday’s bnyimr ami selling quotations were as under: —

SALES IN OTHER CENTRES By Telegraph —Press Association

Auckland, November 19. Sales.—Union Bank of Australia, £U 18s. 6d.: Auckland Gas, 225.; P. and O. deferred stock, £259. , 1O Christchurch, November 19. Sales Reported.—Australian Bank of Commerce, 305.; Bank of Australasia, JRI (2 parcels); National Bank of Australasia (£5 paid), £8 15s. (two parcels ; Union Bank of Australia, £l5; New Zealand Insurance, 365. Cd.; Staples Brewery, 455.; Malay Rubber (ord.), 41s. Zealand Breweries, 58s. Zinc (prof.), 335. Id. , Dunedin, November 19. Sales. —Dominion Rubber, 60s. (two parcels). 595. Cd.; Kawarau. 7s. Bd. (two). Sales Reported.—Union Bank, .£l4 l<s.; National Insurance, 795. 6d.

( ' FROZEN MEAT The market for frozen mutton and lamb is causing those interested m the trade some concern. The past season was a disastrous one for practically all companies, and Mr. W. D. Hunt, chanman of the Wairarapa Frozen Meat Companv, summed up the position very correctly when at the annual meeting, he stated: "Those freezing works that merely worked for a freezing charge and did not purchase any stock on their own account were only nbl- io come out on the right side by most careful management. Their experience, however, was happy when compared with (hat of buying companies ami exporters, who have all lost heavily through falling markets.” It may h.e said that even some of the co-operative companies failed to square accounts owing io the inability to obtain fat stock. Some concerns freezing for owners guaranteed schedule prices, ihnt is. the prices, offered by exporters, and of course, such companies made heavy losses. It was a most difficult and disastrous season for those handling the meat, but an excellent one for the farmers as the prices paid lor fat sheep and lambs last season were ihe highest ever paid.' Unfortunately, they uro not likely to experience .a repetition of that. Except for a little while during Hie strike -of British seamen, mutton and lamb prices on the London market, showed a persistent downward tendency, and according to iho quotations of last week, best (aiilciliury lamb was quoted at The quotations of the British Incorporated Society of Meat Importers’for last week show that of six quotations for Now Zealand frozen mutton there were four that exhibited declines ranging from ’<l. to fd.. and of eight quotations for New Zealand lamb values dropped ill rospci-t fo six, the fall ranging from 3d. for second quality Canterbury to Jd. for second qualify North Island lamb. The new season is extremely hiie. Fat sheep ami lambs arc not yet available for slaughtering, and it is not anticipated that the local meat companies will begin operations until about the middle < f next month. This is ;tho result of Hie wet winter and soring. It is impossible ■ to get any authoritative oninion as to the probable prices for the new season. No one is prepared to make oven a guess at them, but all authorities agree that prices will be much lower than in the past season. What this “much lower” moons must he loft to the imagination. The question of price is a very delicate one. Why the market has slumped appears to bo beyond clear and definite explanation, hut ihe oninion is expressed that the consumer is unable or unwilling to pay the high prices, and is buying the cheaper grades' of meat, and in other ways is economising.

ENGLISH WHEAT MARKETS. (Rec. November 19, 10.5 p.m.) London, November 18. Wheat cargoes opened firm, but weak ened on lower American reports. Parcels are quiet, but unchanged in price. Australian, December-January delivery, 545. 3d. Liverpool futures: December, Ils. 21d.; March, 10s. 9d.; May, 10s. 5Jd. MELBOURNE HIDES SALES. (Rec. November 19, 10.5 p.m.) Melbourne, Novefhber 19. The hides sales were firm, but values were unchanged. t AUSTRALIAN PRODUCE MARKETS. (Rec. November 19, 9.10 p.m.) Sydney, November 19. Wheat is quiet at ss. lid. per bushel for November delivery, and ss. Bd. for December. Parcels of old are ss. lOd. Oats, White Giants, 6s. per bushel; Algerian, ss. Maize, yellow to 6s. per bushel. Potatoes, Tasmanian, £l3 to £l9 per ton; others, £lB. Onions, £lB to £2O per ton. Adelaide, November 19. Wheat.—Growers’ lots of old. ss. Bd. For new, prices are irregular at .ss. 6ld. to ss. 7d. Oats, 3s. 3d. per bushel. CALCUTTA TEA SALES. Calcutta, November 18. Business at the tea sales is strong, and there is an active demand for all grades. Prices have advanc&d 1J to 2 annas for the better class teas; dusts are dearer by J anna. CHICAGO WHEAT QUOTATIONS. New York, November 18. Chicago wheat quotations: December, new. 1 dollar. 553 cents, old. 1 dollar 511 cents: Mav. now, I dollar 52J cents, old, 1 dollar 51S cents. CUSTOMS RIiVUNUIi. The Customs revenue collected yesterday at tlie port of Wellington totalled £1'0,470.

1921— Nov., London ... Nov., W.C.U.K. Dec., London ... Dec., Genoa Beef. Mutton. Lamb. Qrs. 9,801 3,700 11,576 25,256 C/cs. 107,925 2,456 142,056 C'/cs. 19,716 7,478 204,746 1925— Jan., London ... 7,480 108,173 380,326 Feb., London ... 6,745 216,189 473,227 FebJ W.C.U.K. 5,932 73,924 231,367 Feb., Hamburg.. 5,199 — — .Mar., London ... 27,898 209,102 373,425 Mar., Hamburg . 4,133 1 — —— Anr„ London ... 26,035 159,456 617,518 Apr., W.C.U.K. 14,361 49,277 205,070 Apr., Hamburg . May, London ... 3,106 '- — 19,487 198,146 837,769 Mar, W.C.U.K. 10.359 6,114 67,820 Mav, Genoa 47,324 — —— June, London ... 3,312 99,134 357,462 June, W.C.U.K. 30,345 41,397 121,141 July, London ... 11,005 142,441 256,375 Julv; W.C.U.K. 1,855 4,733 90,926 Aug., London ... 8,142 178,692 183,693 Aug.; W.C.U.K. Sep Oct., London .... 13,004 44,001 39,892 14,727 139,081 128,088 Oct., W.C.U.K. 6,217 — 11,551 Total to Oct. 31, 1925London 116.211 1 ,700,395 3.832,345 W.C.U.K. ... 85,782 221,902 775,245 72,580 — — Hamburg ... 12,438 — — Total for same period last y«ir Oct. 31, 192L— London 224,961 1 ,746,809 4.140.076 W.C.U.K. ... 49,857 148.159 694,331 Genoa 5.249 -— — Hamburg .... 6,926 — —

Biivors. Sellers. N.Z. GOVT. LOANS— E s. (]. C s. d. n.r. Tn sc. Slk., 1927 / 1911 JIS 10 0 41 p.c. Bonds, 1930 .. — 96 12 u 5} p.c. ditto, 1933 .. 99 5 0 •—— 5 p.c. P.O. Insc. Stk., 1927 97 10 0 — - 5 p.c. P.O. Ponds, 1927 97 10 0 — DEBENTURES— H.Z. Breweries (bonds) X * 9 A ft a

BANKS— „ , , Commercial or Ausc. 1 12 0 1 1.3 « 16 9 •> 17 3 15 1 0 Ensrlish, Scottish, 8ud 7 12 6 7 14 0 FINANCIAL— Gnldsbrough Mort ... Equitable Building s 6 17 0 6 9 5 0 N Z. Guarantee Corp. n 9 11 0 10 s (oru., ob. j Woll. Invest. T. and A. 0 10 0 . Well. Trust, Loan .... 6 G 0 — GAS— , ,. Wellington (ord.) ... 13 7 6 0 16 3 INSURANCE— National (cum.) -••• 16 10 o South British ••••••• MEAT Well. Meat Exp. (£3 7 transport— Huddart-Parker (ord.) Ditto (pref.) ......... Union Steam (pref.) .. P and O. def. stock 1 1 0 0 0 260 0 0 COAL— , 1 -1 9 Westport (emu.) ■ ••• Waipa (e.r.c.) — i 1 3 TIMBER— Kauri (cum.) l 14 0 — Levland-O Brien o 10 9 3 *> 0 1 2 0 1 3 0 BREWERIES— 5 1S ,T. Staples and Co. ... 4 Q 6 N.Z. Breweries 3 17 8 MISCELLANEOUS— British Tobacco (ord.) Electrolytic Zinc (prof.) 1 12 9 1 13 6 Kfrkcnldfo and Stains o o Newton* King (pref.) — 0 JS 0 Radiac Metals ...... — Wairarapa I armors »» 16 0 — 1 V ’ ■ Wilson's Cement 1 14 6 1 15 3 MINING— 0 7 0 0 7 8