FARM & COMMERCIAL

Dominion, Volume 19, Issue 98, 20 January 1926, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. Sale of section situate between Wellesley Club and Dominion Fanners’ Institute Building advertised or to-day will not be held. TO-MORROW.

J. O'Brien’s Stables. Thorndon Quay, Wellington.—Sale Elderslio yearlings (I’vne, Gould, Guincss, Ltd.). Liiinbton Garage, 12.30 p.m.—Sale of motor-cars (R. A. Wilson and Co.). 8 Willeston Street. Wellington, 10 a.m. —Sale of boots, drapery, etc. 1 p.m.— Sale of carpets (E. .Johnston and Co.). Upper Hutt, 1 p.m—Stock sale. FARMING INTERESTSTASMANIAN CROPS ADVERSELY AFFECTED BY COLD SNAPS AND DROUGHTS. Sydney, January 19. Reports from Tasmania show that cold snaps and droughts have adversely affected the potato crops. After an excellent start Hie plants became wilted, particularly in the earlier potato districts. There is still hope for the late ciop. providing that an early rainfall occurs. Oats and pea crops have also suffered seveioly.—Press Assn.

JOHNSONVILLE STOCK SALE

Messrs. Abraham and Williams, Ltd., and Wright. Stephenson and Co.. Ltd., report on their Johnsonville stock sale, held yesterday—A medium yarding of good quality sheep and cattle came forward, the lambs yarded being also fairly good. Bidding 'was brisk throughout, beef selling considerably better than the previous week. Sheep and lambs also maintained values. Quotations: Bullocks. .£ll 155., £l4 10s.. aCl+ 7s. 6d„ £l3 155.. £l3 2s. 6d., .£l2 JOs.; venders, A 3, £2 14s. 6d„ £2 125., 375.; wethers, "Os. 3d., 305., 295. 6d., 295.. 285.; ewes, 255., 21s. 9d., 20s. 9d.; lambs, 275., 20s. 255. 9d„ 245. 9d., 21s. 6d., 225. 6d., 225.

WHOLESALE PRODUCE PRICES

Messrs. Lncry and Co., Ltd., report: wholesale values as follow:—Mixed fowl feed, 7s. Cd, per bushel, sacks in; linseed meal. IBs.; linseed nuts. Its.; meatmeal, for poultry, 13s. per cwt.; oyster shell grit or pipi shell grit. 6s. fid. pe.r 1001 b.; maize, 7s. 3d., crushed. 7s. 9d. per bushel; oats, machine dressed, seed and Algerians, ss. 9d., farmers' dressed seed Algerians, 4s. Hid., crushed. ss. fid., Duns. ss. 9<l. to 6s. fid., Gartons, 4s. 9d. to ss. 2d. per bushel, sacks in; shelled oats, for chickens,- 6s. per bushel, sacks in; Partridge peas, 7s. 6d. per bushel; wheat, milling. Bs. fid. to Bs. 9d. per bushel, sacks in; barley;, ss. 4d. to ss. 9d. per bushel, sacks in; eggs, first grad.- new laid, 25., storekeepers’. Is. 9d. to Is. lOd. per dozen; butter, farmers’ separator and dairy. Is. to Is. Id.; fowls. White Leghorns. ss. to 65., Black Orpingtons and similar varieties, 7s. to Bs. per pair; turkeys. Is. Id. to Is. 2d. per lb.; ducks. Runners, 7s. Gd. to 9s. fid., large whites. 1(ls. to 12s. pair; fungus. Bd. per pound; dressed pork, 60’s to 90s, 7d. nor lb.; sucking pigs. 10d. to lid. per lb.; sucrosine. £l2; molasmeal. £)1 per ton; Blenheim chaff, ton lots, £9 10s. to £9 15s. per ton, sacks in; rock salt, fis. 6d. per bag; molasses, in casks, 425. Gd. cask, in cases Bs. 9d. per casd; mutton birds, in casks of 500, 7d. per bird; bran. Eton lots or over, j_'lo per ton; pollard, 1-ton lots or over, £ll per ton. Messrs. A. TL Turnbull and Co. hav's received a cablegram from their principals. Messrs. W. Weddel and Co.. Ltd., dated London. January 15. as follows (last week’s quotations in parentheses):— Danish butter. 178 s. to 180 s. (1725.): Now Zealand unsalled, 178 s. (1725. to 1745.); New Zealand salted. 1745. to 1765. (168 s. to 1725.); market firm. Cheese, white. 100 s. to 1.025. (98s. to 100 s.); coloured, 104 s. (98s. to 100 s.); market firm. STOCK SALES / Messrs. Dalgety and Company, Limited. report a fair entry of both sheep and cattle at their Otaki sale on January 14, sheep meeting with a. good inquiry and selling well, while cattle sold well' at late, rates. Quotations: .Fat wethers. 31s. Gd.; s.m.-ewes, 17s. I'ld.; forward cows, £3 10s.; wcaner steers, 205.; wcaner heifers, 155.; bulls, £3 12s. Gd.

CROSSBRED FLEECE COMPETITION JUDGES’ AWARDS. Bt Telegraph.—Press Association Mastarton, January 19. Judging of the fleeces entered in the Farmers' Union crossbred fleece competition took place to-day, being carried out by Messrs. W. Perry (fenrose) and S. J. Hill (Christchurch). The following awards were mace:— Class 40's and under: E. S. Matson (Ihurana), 1: H. G. Groves (Maugapakeha). 2; K. Sutherland. 3. Special prize for heaviest fleece: A. Cameron (Te Ore Ore). Class 40-46; C. C. Jackson (Kokuaranga), 1; T. Cripps (Homewood), 2: T. H. Groves (Eketahuna), 3. Special prize for best fleece grown in Eketahuna County: T. 11. Groves. Class 4(5-43: H. A. Matthews (Westeu'i Lake), 1: G. C. Williams (Te Parae), 2; H G. Groves (Mangapakeha), 3. Class -13-511: Walter Cameron (Te Ore Ore), 1 and champion fleece in competition; McLain (Lo-igbush), 2; Groves Bros. (Mangapakeha). 3. Stud class: H. W. Lee and Son (Wcicita), 1. CANTERBURY CROPS YIELD EXPECTED TO BE WELL UNDER. NORMAL. Br Txlegkaph—Press Association. Christchurch, January 19. There is a wide diversity of opinion this year as to the probable, yield of crops. Rain has been irr’egular and very patchy, and whilst sonic districts nre looking very backward others again promise fairly well up to the average. However. the bulk of opinion is that generally the yield, per acre will be well under normal. New stuff is being offered very sparingly, and most of what has come before merchants is assessed by farmers at. more than the trade's ideas. The few samples of Algerian oats are quoted at 3i>. fid., which farmers arc not accepting. Perennial ryegrass is quoted at 4s. fid. on trucks. Italian is mentioned at 3s. 6d. to 3s. Sd. Fowl wheat has been sold nt 7s. 2d., f.0.b., 5.1., about 2d. better than last week. MASTERTON SHOW The annual Mnsterlon Show will be held at the beautiful grounds at. Solway on February 16 an- 1 17. It is expected io be the greatest exhibition of stock ever seen in the Wairarapa. ns the society is offering very liberal prize money and an exceptionally large number of cups and other trophies. The value of the cups and prize money is over £l5OO. The .Masterton Show is very popular wit 11 exhibitors I, realise, among other things of the special care devoted io the safety of stock, and the special facilities available for providing green feed, ete. There will be numerous interesting horse and other ring events, ns well as a fine display by the Kennel Club. Entries will close with the secretary (Mr. R. 11. Williams. P.O. Box 40. Mnste.-ton), on January 30. The annual ram fair will be held on February 1.3 and 19, entries for which close on January 30. while, the schedules arc obtainable free from the secretary. DANNEVIRKE SHOW Owners of dairy cattle should be interested to learn that in this section of the Dnnnevirko A. and I’. Association’s annual show, on February 10 and 11 next, a elm Henge cup, valued at 10 guineas. Ims been presented by Mr. .Tonal ban Holden for the owner scoring the most points. It has to be won three times before passing from the possession of the association, and this is the first occasion on which it has been competed ♦ or. It is also interesting to note that the conditions of the dairy classes have been so amended that no purebred stock can compete therein. There is a new class—for thO grand champion dairy cow of tlm show—to be judged on dairy type by the judge of the section on the second dav of the show, from the champions of all the dairy breeds, nn innovation which should be appreciated. A dairy outfit, valued at £9, presented by Osmond and Son. goes to the winner of the best dairy heiier in ir.ilk. So many new features ha-m boon introduced into all sections on the schedule that intending exhibitors should make themselves conversant with them. Full particulars may be obtained from the. secretary, Mr. H. S. AL Quigley, with whom entries close on January 27.

COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the morning call yesterday sales were reported of New Zealand Breweries 10 per cent, bonds at 255. 9d., and New Zealand Breweries shares at 595. 6d. At the afternoon call a sale of New Zealand Breweries bonds at 255. 7d. was made on ’Change, and the sales reported were National Insurance at £3 18s. 9d.ji.-and Mount Lyell at 255. 9d. and 265. 3d. Government stocks and bonds were quiet. There was a bid of £9B 12s. 6d. for 4} per cent, bonds (1930). New Zealand Breweries stocks and bonds were firm at 255. 6d. Bank shares were in fair demand, with buyers of Bank of New South Wales at £43 55., Bank of New Zealand at £2 16s. 4d., P. and O. Banking Corporation at £9, 55., and English, Scottish, and Australian Bank shares at £7 13s. 6d. There were sellers of Bank of Australasia shares at £l4 65., Commercial Bank at 335., and National Bank at £6 14s. Wellington Gas shares, £lO paid, were wanted at £l3 ss. Insurance shares were very linn, and there were bids of £3 18s. 6d. for National Insurance, 38s. for New Zealand Insurance, and 535. 6d. for South British Insurance. Shipping shares were quiet. There was a bid of 31s. 6d. for Westport Coal shares. Timber shares were steady, with buyers of Kauri Timber at 325., ami Leyfaiid i.rJlrien Timber at 40s. Sellers quoted 445. for Manning and Co.’s Brewery shares, 41s. for Staples and Co. and 595. 9d. for New Zealand Breweries. Electrolytic Zinc shares were in good detnandj the ordinary at 355. and the preference at 365. 3d. There were buyers of Howard Smith shares at 355. 6d., Wairarapa Farmers’ preference at 175., Wellington Cordage at 165., and Wilson’s Cement at 345. 6d. Yesterday’s buying and selling quotations were as under:—

SALES IN OTHER CENTRES Bt Telegraph —Pans* Association

Auckland, January 19. Sales. —War Loan (1838). £l)6 55.; ditto (19391 .£96 55.; New Zealand Breweries debentures, 255. Cd., 255. 7d.; Bank of New Zealand. 565. fid.; New Zealand Insurance 38s. 3d.: New Zealand Loan and Mercantile, £9O: Taupiri Coal, 16s. fid.: Auckland Gas (coat..). Ss. 7<1.; Huddart Parker, 455. lid.: Taranaki Oil. 13s. Bel., 13s. lOd.: Kawarau, 7s. -Id., 7s. 2d., 7s. Id., 75., 7s. Id. Dunedin, January 19.

gale*.—New Zealand Refrigeralting (cent.). Bs. 3d. (four sales); Dominion Rubber, 575.. Sales reported.—Kawarau. is. 3d.. 7s. 2d.: .Manning's Brewery. 445.: Now Zealand Insurance, 38s. ltd.: Westport Coal, 325.: 51 per cent. Soldiers* Bonds (1933), £99 IDs. Christchurch. January 19.

Salos Reported.—N.Z. Loan and Mercantile (ord. stock), £9O/16/-; Union Steamshin (pref.). 20/-; Westport Coal, 32/- (5 parcels): Manning's Brewery, 43/8 (5 parcels) : N.Z. Breweries, 59/6; Taupiri Coal (ord.), J6/6: Taranaki Oilfields, 14/-. Sales.—Manning's Breweries, 43/6 (three parcels).

DAIRY PRODUCE EXPORTS FIGURES FOR DECEMBER Advice has boon received by the Dairy Division of the Department of Agriculture giving the gradings tor export and shipments to the United Kingdom of ffliiry produce from Australia for the month of December. Tim figures, together with those, for December, 1924. arc as follow: — /

DALGETY AND CO. LTD.

Owing to the expansion of the business of Dalgety and Co., Ltd., an increase of the capital of the company has been looked upon as a probability of the early future. ' Although no definite announcement was made at the annua! meeting, the matter was mentioned by the chairman (Mr. E. W. Parker). He said that the past year had proved one of the most anxious vet experienced by the directors as far as finance was concerned. Owing to the great slump in wool prices and the consequent hold up of sales in Australia, the company’s resources had been greatlv strained. However, the position of the company proved more than adequate to overcome the difficulties, and to-day, save for industrial troubles, shareholders were in much calmer waters. Extended operations in wheat, and the carrying on of clients through difficult times, had absorbed a large amount of capital, and the directors were now considering various means of increasing the company’s resources in that direction. because, should the business expand as it had done during the past few years, tbev could employ a substantial amount advantageously. It mav be pointed out, in reference to the chairman’s remarks on tiic capital position, that the paidup capital of Dalgety and Co., Ltd., is £1 500 000, and the reserve fund amounts to £1,000,000.

TARANAKI OILFIELDS. Br Telegraph—Rues'- Association New Plymouth, January 19. Taranaki Oilfields report: ’larata bore: Waiting for cement to set. Moturoa bore: Resumed drilling; now reached 3217 ft., in sandstone. Taranaki Oilfields, Ltd., report as follow on the drilling operations:—Taraf a: The Sl-inch diameter casing is cemented. Moturoa: The 6J-inch diameter casing has been run to the bottom. Everything is ready to resume drilling. ENGLISH WHEAT MARKET. (Roe. January 19, 7.10 p.m.) London. January 18. Wheat.—For cargoes there is no inquiry. but they are steady, despite lower closing American prices. Parcels are inactive at late rates. Liverpool futures: March. 12s. 2jd.; May, Ils. lid.; July, 11s. BJd.

Buyers. Sellers. N.Z GOVT. LOANS £ ». d •? r d 4A p.c. In.ic, Stock, 1944 - 87 0 0 45 p.c. Insc. Stock, 1939 — 96 10 0 41 p.c Bonds, I'M! — 94 7 6 41 p.c. Bonds, 1939 — 06 19 0 41 xlc.- Bonds* 1930 <9

DEBENTURES— Wellington Gas — 1C4 0 0 N.Z. Breweries (Stock) 1 5 6 Do. (Bonds) 1 5 6 1 5 9 BANKSAustralasia - - •—• 14 6 0 Corn, of Aust. (ord.) — 1 15 0 National of N.Z — 6 14 0 New South Wales ... A 5 44 0 0 New Zealand 2 16 4 2 16 8 p and O Bank. Corp. 9 5 0 - - Union of Aus. (cum.) — 15 2 0 Eng. Scot., and Aus. 7 13 6 — PIN A NCIA L— Abraham and williams ** 4 ft 0 National Mortgage — 3 17 0 GASWellington (ord.) 13 5 0 — INSURANCENational 3 18 6 3 19 ,N New Zealand (rum.) .... 1 18 0 1 18 South British 2 13 6 — JIEAT PRESERVING2 I u IltAN'SPOP.T Buddart-Parker (ord.) 2 5 c WOOLLENWellington (pref.) — 6 0 0 COAL Westport 111 6 Walpa — 0 17 0 n.M Bt-.lt Kauri 1 12 0 1 12 9 Levland-O Brien 2 0 0 2 1 0 National — 1 3 Bartholomew «... 1 4 5 iiKhw i,s Manning and Co — 2 4 0 Staples and Co 2 1 0 N.Z. Breweries 2 19 9 ui.t'i:i.i..'. , ‘-t>t | sBurns, Philp and Co. —— 2 1 0 Electrolytic Zine (ord ) 1 15 0 —— Do. (pref.) 1 16 3 1 17 4 Howard Smith 1 15 6 — Wnirarapa Farmers’.... 0 17 0 •— Wellington Cordage .... 0 16 0 __ Wilson’s Cement 1 14 6 —— dINING Mt. Lyell . 1 5 6 1 6 6 Waihi 1 3 6 1 4 b Kawarau D 7 2 0 7 6

Graded Shipments for to Export. ‘ U.K. Butler Cheese Butter Cheese Dec., 11125 8,800 605 7.437 720 Dee., 1924 10.032 581 9,928 413 For the 5 months ended Dee., 1925 25.200 1,822 20,844 1.566 Dee., 1924 30,7.86 2.066 26,357 1,706 Cable advice has also been received from the. Argentine Dairy Association giving the shipments for the month of December. The figures, in tons in each case, together with those for December; 1921, arc as follow:— Butter Cheese Casein December, 1925 ... 3,400 10 1,600 December. 1924 .. 3.200 24 1,385 For the 5 months ended:December. 1925 .... 11,361 61 6,498 December, 1924 .... 9,720 411 5,395