FARM & COMMERCIAL

Dominion, Volume 19, Issue 118, 12 February 1926, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. ' L’aekakariki, 1.30 p.m.:—Sale of J acre of laud, a/c Gilbert. James (L. Carmichael and Co.). 160 Sydney- Street West, Wellington, 10.30 a.in.—Sale of furniture (Ramsey Wilson). TO-MORROW. Seddon Street, Lower Hutt, 2 p.m.—Sale of furniture (H. E. Leighton). 151 Willis Street, 1.30 p.m.—Sale of furniture (Vine and Co.). MONDAY. Alfredton, noon.—Ewe fair. Pahautauui, 1 p.m'.—Ewe fair. 14 Brandon Street, 2.30 p.m.—Sale of farm property (11. 11l Leighton). FARMING INTERESTS WOOL MARKET LONDON SALES CLOSE FIRM BEST SORTS MAINTAIN DECEMBER RATES ’

(Rec. February 11, 5.5 p.m.) London, February 9. The wool sales c.osed firm. Competition lately has been brisk, especially by the Home trade, Merinos and all super combings firmly maintained throughout the series December rates. Faulties and inferiors were unchanged from the opening rates. Seoureds wore unchanged Best met a fairly good market, but faulties were neglected and often withdrawn. Crossbreds were strongly competed for throughout, though somewhat irregular last week, owing to reports of weakness in New Zealand, but fully recovered and closed very firm. Seoureds and slipes were in steady demand and firm. Lambs and merinos were plentiful; supers were film, but wasties and faulties declined 19 per cent, on the opening prices.— Aus.-N.Z. Cable Assn. HIGH COMMISSIONER’S REPORT. The Department of Agriculture has received the following cablegram dated February 10 from the High Commissioner for New Zealand, London:— Wool sales closed Tuesday. Offerings totalled 166.000 bales, of which 138.000 sold. Home trade taking 70.000, Cotinent 62,000, and America 6000. Lower basis of merino prices at the commencement encouraged demand. Scoured showed most alteration. Crossbred met good competition and sold throughout at about December rates. Tendency firm at the close and more confidence apparent. . Compared with December, rates, merino, better sorts, par to 5 per cent., inferior 5 per cent, to 71 per cent.: scoured, good 10 per cent., inferior 15 per cent, lower; crossbred unchanged. Average closing rate? :— 60-64’s (merino). Is. sd. to Is. lOd.; 56’s (super halfbred). Is. 5Jd. to Is. 7d.; ■lB-50’3 (fine crossbred), Is. 4d. to Is. 5d.; 44-46’s (medium crossbred). Is. 2Jd. to Is. 3Jd.; 36-40’s (coarse, crossbred), Is. Old. to Is. 2Jd. Next series commence ''larch 9. “

DANNEVIRKE SHOW

PEOPLE'S DAY.

Br Tpr.EGßAru.—’Pi.-Ess Association,

Dannevirke, February 11. Heavy southerly rain in Iho morning and a howling westerly wind, with occasional showers, prevailed for people’s day at the Dannevirke A. and P. Show, it was the worst weather experienced in tho history of tho society’s shows, notwifhstandirg which there was a sur-

prisingly good attendance, including the Hon. O. J. Hawken (Minister of Agriculture) and .Mr. E. A. Ransom, M.P. for Pahiatua. Tho Minister was entertained by the officers of the association, and in congratulating the society upon the splendid display, said that the Department of Agriculture was out to assist tho farming community. He would be pleased to do all be could, subject to the limitations imposed by Parliament. Ito was quite aware of the difficulties of the farmers, and that every district had its claims for consideration by the Department. The championship of the dairy section was won by 11. Benbow (Ormondville;. Tho grand champion dairy cow was shown by W. T. Williams (Te Ante). Ladies’ Hunters Competition.—H. S. Rathbone's Aladdin, 1; Mrs. A. J. Rutherford's Blue Moon, 2.

Hunters’ Competition.—F. Laird’s Hailstorm, 1; Mis. 11. Hobson’s Daylight, 2. Wire Jumping, Hunting Style.—Mrs. A. J. Rutherford's Blue Moon, 1; Bruce McKay’s Kitty Machree, 2.

AGRICULTURAL CREDITS BRITISH GOVERNMENT’S PROPOSALS. London, February 10. The utilisation of joint stock hanks for short term credit and the establishment of a central land bank for long term credits is one. of the two principal pro;>osals contained in the Government's report on agricultural credit Issued bv the Ministry of Agriculture and Fisheries. It points out that pne of the chief aims of a rational credit system should 'be to free the farmer from credit entanglements, which system is merely borrowing from tradespeople.—Reuter.

A. AND P. ASSOCIATION MEETING AT MASTERTON. Masterton, February 11. A meeting of tho Genera) Committee of the Masterton A. and P. Association was held yesterday, Mr. D. Smith presiding. ' > The Prime Minister notified that owing to a prior engagement -he would be unable to attend the show, but would bo represented by the Minister of Agriculture (the Hon. O. J. Hawken). The Masterton Fire Brigade acknowledged receipt of a donation from tho association in appreciation of tho brigade’s work on the occasion of the recent fire at the showgrounds.

The New Zealand Loan and Mercantile Agency Co., Ltd., was granted the use of the ram fair ring and pens for Messrs. Percy Brothers’ clearing sale. Thirty ordinary members and one life member were elected, and two resignations were accepted. “ ' It was decided to request Mr. W. Perry to demonstrate on the Romney breed of sheep at the show, a work which in tho past had been done by the late Mr. A. Matthews.

The Railway Department submitted the time-table for the two show days and advised that excursion fares would bo available as usual.

MASTERTON SHOW The annual Masterton Show will be held on the beautiful Solway Showgrounds on February 16 and 17. All the arrangements arc complete, and special preparations have been made for the pleasure and comfort of visitors. ' There will be one of the finest di.spla.ys of stock ever seen in the district, while the ring events will bo a' feature of the show. The association will provide hot water free to picnic parties: and others. Special trains will run from the north and south to the showgrounds at times to suit visitors. Exhibitors of stock will find plenty of grr.cn feed available, while particular care is taken by the association of stock sent to the show. Those requiring information concerning the show should drop Mr. R. H. Williams (P.O. Box 40, Masterton) a postcard, or forward him a telegram, which will be immediately attended to. The annual ram fair will be held on February 18 and 19, and there will be a great display of sheep submitted to prospective buyers.

PAHIATUA EWE FAIR The Wairarapa Farmers’ Co-op. Association, Ltd. (Stock Department) report on their annual Pahiatua ewe fair as follows: —"The entry came - forward at about 800 head, one or two principal lines being withdrawn at the last moment. Buyers were present from Taranaki, Manawatu, Wairarapa, and all parts of the local district, operations in buying being fairly well distributed. This sajc, as a matter of fact, has evidently set the main for breeding ewes suitable, for the different districts represented. The quality and condition in many instances were above previous year’s offerings. The yarding was well distributed throughout the various districts represented, showing the popularity of the offerings from this locality. There were no particularly outstanding lines, but the average of the offering was evidently acceptable to the public by the keen competition and results of the sale. Under the hammer we made a total clearance as follows7o6 5-year ewes, ex Akitio, 235. 10d.; 280 do., ex C. Hudgins, 215.; 350 4 and 5-year ewes, ex F. B. Lowes, 235. 5(1.; 379 do., ex IV. Mitchell, 235. 10d.; 177 do., ex S. McLeod, 21s. Id.; 231 do., ex J. Bcatson, 215.; 149 do., ex: W. 11. Morrison, 225.; 200 do., ex F. White. 225.; 239 do., ex •T. Redmond, 205.; 199 do.. XI; 136 4-, year owes, ex IT. IT. Godfrey. 235. id.; ,370 G-tootli to 5-year owes, ex IV. Mitchell, 235. 10d.; 85 f-tooth to 4-year ewes. 235.; 173 6-tooth to 4-year ewes, 235. 6d.: 166 6-tooth'to 4-yoar ewes, ex E. S. Heckler, 245. 4d.: 424 6-tooth to 4-year ewes, ex Balfour Estate. 225. 10d.; 180 2,4, and C-tooth to f.f.m. ewes, 225. Id.; 224 2-tooth ewes, ex W. Mitchell, 245. 2d.; 92 do., ex R. Burns, 285.; 57 4-tooth ewes, 245.; 52 do., 28s. 6d.; 92 2, 4-tooth to 5-year purebred Romney ewes, 30s. Others: 19 4 and 5-year ewes, £1; 280 4 1 year owes, 18s. id.; 124 m.a. ewes, 18s. 5d.; 120 4 and 5-year ewes, 19s. 3d.; 94 5-ycar ewes. .£l' Os. 6(1.; 140 do., 18s. 8(1.: 22 4 and 6-tooth ewes, 18s.; 21 s.m. ewes, 145.”

HONEY CONTROL BOARD Owin" to no nomination having been received to fill the existing vacancy on the New Zea'and Honey Control Hoard prior to the statutory date (December 21), it is now gazetted that, for th, purposes of the 1926 election of a producers' representative on the board, nominations shall close on 'Monday next at noon. If more than one person is nominated th° election poll shall close at noon on Wednesdcy, March 3.

MEAT PRICES

BRITISH FOOD COUNCILS INQUIRY

PROFITS AT SMITHFIELD

WHOLESALE AND RETAIL QUOTATIONS

London, February 10. The diplomatic writer of the “Evening Stanuard” says that the Food Council’s coming meat piices inquiry is culling representatives of the Argentine, Australia and New Zealand. He declares that Australia is hard hit under the existing arrangements, but is shy at sending witnesses it seems. He admitted that even at Smithfield big profits were being made. They were taking Australian frozen hinds and fores wholesale at 4|d. to 5Jd. per pound and retailing them at 10d., while New Zealand and Australian mutton was bein’’ bought wholesale at 7d. per pound and retailed at 20d. to 22d. per pound. Tho "livening Standaid” suggests that New Zealand and Australia should make available full information on the subject before the Food Council. The Australian Press Agency is informed that purchasers who are paying such prices have only themselves to blame, as an official retail list is issued bv the Corporation of Loudon’s market superintendent, which shows that the best cuts of Australian beef should not be higher than Is. per pound, and New Zealand and Australian mutton not higher than 13d. and lOd. respectively. —Aus.-N.Z. Cable Assn.

PROTEST AGAINST BUTCHERS’ CHARGES

CO-OPERATIVE BUYING SUGGESTED

London, February 10.

A correspondent calling himself "A Turned Worm” writes to the "Daily Telegraph” complaining of the big profits which butchers extract from Australian and Now .Zealand meat. He says that he had been paying 10s. for a joint of indifferent meat, but discovered a method of outwitting tho butcher. The correspondent went to Smithfield market and purchased a carcass of Australian mutton weighing 501 b. and cosling 18s. 9d. He shared this with a neighbour. Sunday and Wednesday accounted for a leg and should-

er, and the rest of the week went to chops, stews ami suet puddings. Be

advises other buyers in Britain to cultivate the co-operative spirit simi-larly.—Aus.-N.Z. Cable Assn.

WOOL SALES AND EXPORTS TOTALS FOR JANUARY. The sales of wool in New Zealand dining January were as follow, according to returns compiled by Messrs. JJalgety and Co. :—

•Figures for sale held end January will be included in February return. For the corresponding seven months of 1925 285,720 bales were offered and 266,898 bales sold. Exports of wool from New Zealand during January were:— Correspond-biK-7

TALLOW SALES AND EXPORTS

Exports of tallow to United Kingdom and Continent from New Zealand during January were:— Corresponding 7 . Total for months, 7 months. 1925.

Sales of tallow in New Zealand during January totalled 72 tons. DAIRY PRODUCE MARKET Messrs Joseph Nathan and Co., Ltd., have received the following cubic from their London house, dated February 10: —New Zealand butter, 1725., 1745.; New Zealand white cheese, 985., 995.; coloured cheese, 1025., 1035.; both very quiet The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house, under date February 10:—Butter: New Zealand, 1745. to 1765. per cwt.; very quiet. Cheese: 995. to 101 s. per cwt.; market quiet.

LONDON TALLOW SALES Messrs. Dalgcty and Company, Ltd., report having received the following cablegram from their London house under date, February 10:—Tallow; 1260 casks of tallow offered. .360 casks sold Since our last report prices nre (id. per cwt. lower. Fine mutton, 445. 6d. to 455.; fine beef. 4:’s. to 425. (id.; good mixed. 405.: inferior. 355. Io 375. The Bank of New Zealand, Produce Department, has received the following advice from its London Olli-e under date February '6—Tn’low: There ha fair demand -t s’vncn-c nor cwt. decline. The New Zealand Loan nnd Mercantile Acencv Co report:—We quote present c.i.f. and o. values for the follow, ing description’:- Fine mutton. 445. per cwt.: good bo.-f. 425. fid.; mixed. 40s. Our quotations are more or less nominal.

FARMERS’ INTERESTS

WAIRARAPA UNION PROVINCIAL EXECUTIVE MEETS “Dominion” Special. Masterton, February 11. A meeting of the Wairarapa Provincial .Executive of Ihe New Zealand Farmers' Union was hold yesterday, the president (Mr. C. U. Jackson) presiding over an nttendahcc of 20 members. A reply to the union’s inquiry regarding the freight charges on halo wire was received from the Railway Department. It was decided to make further inquiries in an endeavour to have bale wire reduced to the same rate as plain fencing wire. A letter was received from the Church of England Immigration Committee in regard to tho probable demand there might be in the Wairarapa district for English lads, from 16 to 17 years of age, to go on the land under good, practical farmers. The committee bad nominated 50 boys to be sent out in batches of 25, and the first batch would arrive about the end of May. In regard to this matter, the chairman reported that a conference of the committee with interested farmers’ organisations was to be held, and the Wairarapa branch, through the Dominion president, would be represented. It was decided to reply that some boys could bo placed in the Wairarapa, and to ask if tho boys would be ready for immediate employment. The following notices of motion movcd by the Greytown delegates wore carried: "That all new members bo duly proposed and seconded and that their nanms appeal on thn minutes of the branch or executive meeting; that each member receive a copy of the rules ot the New Zealand Farmers’ Union; that after the close of the financial year every branch be posted a copy ot the 'balance-sheet; that all remits referred by Hie Dominion executive back to the provinces be dealt witn at the first meeting afler the Dominion conference.’’ Fleece Competition, The secretary’s report for the month stated, that the principal activity was the flecco competition. The 141) fleeces entered In the competition completely filled the produce hall at the Solway Showgrounds and made a fine display. The only disappointing feature was the poor attendance of farmers on the judging day. Tho union was much indebted to Mr. V. S. Wilton for giving three days in carting, classing, displaying and providing all uecessaiy gear. Thanks were also l due to Messrs. W. Perry fMastcrton) and S. J. Hill (Christchurch) for judging the fleeces. The prize winning fleeces had been reserved for exhibition at the Masterton Show. With a definite promise of the Frank Percy Memorial Cup for next year, tho fleece competition should become an annual fixture.

Dates had been allotted for cull cow drives from Carterton, Gladstone, Greytown, Martinborough, and Eketahuna. Tho Carterton drive had been completed with 157 cattle. A complete round of 'branch meetings had been commenced, and Carterton, Greytown and Tinui meetings had been held. On account of the dry weather entries for the swede growing competition wero very slow in coming to hand.

Agricultural Clubs. Mr. W. J. McCulloch (Instructor of Agriculture) and Mr. F. C. Brockett (Education Department) waited on the meeting to ask for financial assistance for the boys and girls’ agricultural club. Mr. McCulloch stated that the club had grown in the Wairarapa and now embraced twelve schools. In the past tho committee controlling the club had found tho money for prizes, hut with the growth of the movement more money was required, and’ it was thought the union should state their policy in reference to the future existence of the club.

The chairman stated that the executive heartily supported the scheme and he considered they had taken a lively interest in the competitions. He added that there would be no difficulty in future seasons.

STOCK SALES Tub New Zealand Fanners’ Co-opera-tive Distributing Co., Ltd., report:—We held, our annual sale in the Hikorangl yards, lent by Mr. M. J. McGregor, when wo offered 5066 sheep and 200 head of cattle to a good attendance of buyers. The stock did not come forward in the usual condition, owing to the dry season, but they were keenly competed for, nnd wo disposed of the whole yarding with the exception of 90 aged ewes. AH the. cattle and a big portion of the sheep were bought for the Manawatu and Wanganui districts. Prices wereEx Hikorangi, 4-year ewes, 21s. Gd. to 235. Id.; 5-year ewes, 20s. 6d.; 1200 2-tooth wetuers, 21s. Gd.; 2 and 4-tooth do., 235. Gd. Account of other vendors: 4 and 6-tooth ewes, 255.; 4 and 5-year, 18s. to 20s. 4d.; store ewes, 12s. 6d. to 155.; 4-tooth wethers, ox Mr. Forrest, 255. 5d.; others, 235. 6d. to 245.; 2-tooths, 20s. to 225.; small do., IGs. 9d. to 18s.; shorn lambs, 12s. to 12s. 3d.; b.f. do., 15s. 5d.; 500 cull lambs. 6s. lOd. ;' cows and calves, £4 45.; ,2-J-year steers, £6 Ils.; 18-month do., £4 25.; small, £2 14s. •

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE

YESTERDAY’S BUSINESS AND PRICES

At the morning call yesterday a sain of New Zealand Guarantee Corporation ordinary shares at 9s. 7d. was made on ’Change. At-the afternoon call New Zealand Breweries shares sold on ’Change at 58s. 9d., and a sale of New Zealand Breweries 10 per cent, bonds at 265. was reported. The 4J ; per cent, stocks and bonds were in good demand at £96. Bank shares were quiet. There were buyers of Bank of Australasia at £l4 4s. 6d., Commercial Bank rights at 9s. 3d., Bank of New Zealand shares at 575. 3d., and Union Bank at £l4 15s. Sellers quoted £44 ss. cum dividend for Bank of New South Wales shares. National Mortgage shares were in demand at 765. Gas shares wore ebeady, with buyers o? Auckland Gas at 225. 3d., and Wellington Gas, £lO paid, at £l3 2s. 6d. Insurance shares were slow; South British were wanted at 545. 6d. New Zealand Refrigerating shares, 10s. paid, were in demand at Bs. ex dividend. There were bids of 455. 6d. for Iluddart-Par-ker ordinary shares, and 19s. lOd. for Union Steam preference. Wellington Woollen shares were steady at £5 175., and Westport Coal at 3fe. Kauri timber shares were threepence higher at 325. 3d., and Leyland O’Brien Timber wore also 3d. higher at 40s. 3d. There was a bid of 455. 9d. for British Tobacco shares, 175.. for Wairarapa Farmers’ preference, and 375. for Wilson’s Cement. Yesterday buying and selling quotations were as under: —

' SALES IN OTHER CENTRES l i By Telegraph. Press Association Auckland, February 11. Sales: Auckland Harbour Board (debentures), 4| per cent.* (1027), £97 10s.; Bank of New'Zealand, 575. Gd.; Bycroft (Limited), 275.; Nonparlcl Goldmining Company, lOd. Christchurch, February 11. Salos reported: Bank of Australasia, £l4 65.; Bank of New’South Wales (cumdiv.), £44 2s. 6d.; Dalgety and Co., £l6; Goldsbrough Mort, 48s. (two parcels); Westport Goal, 345. 6d.; New Zealand Refrigerating (10s. paid), Ss. 2d. Sales: Goldsbrough Mort, 48s. (three parcels); Manning’s Brewery, 425.; Christchurch Gas, £7 12s. Cd.; Brewery (stock and bonds), 255. lOd. GROWTH OF IMPORTS The imports into New Zealand have shown a tendency to grow very rapidly in recent years, as will bo seen from the following figures, which are for calendar years:—l922, £35,012,561; 1923, £43,378,493; 1924, £48.527,603; 1925, £52,456,407. In three years there has been an increase of £17,443,846, or just about 50 per cent. Comparing the 1925 figures with those for 1922,. tho chief items show as under: 1925. 1922.

Tho most prominent increase is shown by motors and materials. Timber imports have more than doubled, and metal goods and machinery show fair increases. . t'ho total gain, is rather big. A.M.P. SOCIETY’S NEW BUSINESS The new business written by the Australian Mutual Provident Society in both departments in 1925, established a fresh record for that institution. Tho total exceeded £17,330,000, of which more than £13,750,000 represented the new business in the ordinary department, and more than £3,580,000 in tho industrial department. New business written on both departments for 1921 was £16.650,000. Lord Forster, recently Governor-General of tho Commonwealth, has accepted a seat on the London board of the. A.M.P. Society.

per bushel bagged, and ss. 2d. bulk, delivered at country sidings. Oats. Tasmanian white, 6s. per bushel. Maize* Queensland, ss. 6d. per bushel; South African, ss. 9d. to ss. lOd. Potatoes. Victorian, £l3 per ton; Tasmanian, £l4 10s. to £l6. Onions, Victorian, £l5 per ton. Adelaide, February 11. Wheat.—Growers’ lots, ss. 101-d. to ss. lid. per bushel; parcels, nominally Gs. 3d. Oats, 2s. 9d. to 3s. per bushel. CUSTOMS REVENUE. The Customs revenue collected yesterday at the port of Wellingtou totalled £5669.

FARMERS FOREGATHER

MEETING AT DANNEVIRKE LECTURE BY MR. Wi PERRY “Dominion” Special Dannevirke, February IT. The Minister of Agriculture (Hon. O. J. Hawken) was present at a lecture delivered by Mr. W. Perry (president of the New Zealand Romney Breeders’ Association) at Dannevirke last night. Ho was welcomed by Mr. Ransom, 1U.1’., and bv Mr- G. J. J. Buchanan (president of the Dannevirke A. and P. Association’), who congratulated him on his appointment as Minister of Agriculture.

In reply the Minister said there were many problems to 'be solved and two important ones, wheat and meat, had. been lauded on to him already. He believed that the farmers of New Zealand were in a fair way, and there was not very much to grumble about. One thing he had noticed was that farmers as a class were too ready to invest, their spare money in matters outside their farms instead of spending on the development of the land. He believed that the best investment for a farmer was in manures for his land, an investment which would give him a return of 30 to 40 per cent, profit,-

Freezing Works. Mr. Perry, in discussing the policy of the Mea.t Control Board towards freezing works in tLc Dominion, said that tlie board considered tnat it would be a bad thing it the freezing works all got into the hands of two or three big corporations. They realised that they had to protect the interests of the farmers of New Zealand. The position today was that the members ot the Meat Board were unanimously opposed to fur.ther acquisition of freezing worms by, tho big corporations. He was convinced that there was sutheient money in New Zealand to keep freezing worts going, and that in the long run some arrangements would be made by which the shareholders would not suffer much. The Meat Board would always bo tound willing to do everything in its power to assist any movement to protect the interests oi the shareholders.

Heavy-weight Lamb. Mr. O. Hawken asked whether Mr.: Perry considered that the .sending of; heavy-weight lamb to London had a do-: trimental effect on lamb prices gener-l ally. Mr. Perry said that two years ago, as a result of a dry season, the weights were quite reasonable and the proportion of heavy lambs to light lambs quite right. Last year, a good season, the North Island lambs had a good weight, and the South island lambs were much heavier. There was some demand in London for the heavy iamb, but the great majority preferred small joints. It was not the price per pound 'that the ordinary purchaser; minded; he wanted small joints. Much, of the heavy lamb that should have been sold on the London markets before Christmas was still unsold. The New Zealand farmer must realise thatthe London public wanted the 301 b. to 361 b. lamb with a smaller proportion of lambs up to 401 b. The best were those from 331 b. to 361 b. There was nothing to equal "milk lambs” of that weight.

“Live” and “Dead” Weights, Dealing with the question of the proportion of "dead weight” to "live weight” in fat lambs, Mr. Perry said that fat lambs exhibited at tho recent Royal Show in Christchurch when killed showed the following results: North Island lambs, three fair-sized lambs and three lighter, averaged 53.5 per cent, of meat to their live weight. Thirtythree South Island lambs gave an average return of 52.42 per cent, of meat. There was a general impression that South Island lambs killed,, better than North Island lambs, but _ the figures quoted showed that the North Island lambs gave the higher proportion of meat. The first prize pen, South Is. land (on the hoof), a Suffolk-Southdown cross, gave the excellent return of 58.38 per cent, of meat. English Leicester-Southdown cross killed out much lighter per cent, of meat than the Romney and Lincoln-Southdown crosses. The Leicester cross had not the solid flesh and undercut that the Romney and Lincoln crosses possessed. As an illustration of live weights and dead weights, Mr. Perry said that a pen of three lam'bs weighing on the hoof 661 b.. 7(flb., and-, 701 b., killedout at 371 b.. 371 b„ and 381 b. rcspeo-i lively.

PAHIATUA SHOW Excellent entries have been received' for the Pahiatua Show, to be held to--morrow, and given favourable weather, the gathering promises to be the most successful in the histqry of the association. The jumping events, hack classes, and the sheep section, practically constitute a record for the society; while the entries in the Jersey and dairy cattle classes are well up to former years, with quality an outstanding feature.

‘Dunedin Jan., 1926. Offered. Sold. Total for seven months. Offeree Baled. 16,424 Sold. Bales. 15,892 Bales. Bales. Timaru — — 11,430 11,303 Christchurch. 20.042 19,85(1 39,716 37,723 Blenheim — — 85 70 Wellington . .. 25,443 23,895 63,514 57,708 Wanganui .... .. 20,311 18,958 32,633 28,729 Napier . 25,020 23,989 65,179 58,664 Gisborne ...... 478 478 2,470 1,967 Auckland — — 16,190 14,399 91,294 87,172 247,641 226,455

Month of Total for months, Jan. 1926. Bales. 7 months. 1925. Bales. Bales. Invercargill ... — 8,164 6,987 Dunedin 13,239 17.700 20.546 Oamaru 76 1,505 / 733 Timaru 9,606 16,201 12,014 Christchurch . 17,965 47,241 34,506 Blenheim 106 1.686 1,021 Nelson — 289 500 Wellington 18,250 51,831 56,819 Wanganui 5,015 18.638 15,454 New Plymouth and Wai tar a 105 135 Napier and Wairoa 8,644 44,883 44,571 Gisborne. Tokoinaru Bay and Hicks Bay ... 12,253 21,854 14,991 Auckland and Opua 1,754 18,457 ' 21,095 ,-r86,888 248,554 229,372

Tons. Tons. Tons. Inrercarsill ........ —- 1,060 . 588 Dunedin. 71 571 763 Oainaru — 59 53 Tim ar u 40 887 622 Christchurch ' 112 1,873 1,664 Blenheim — 3 13 Nelson .-. — 60 91 Wellington 332 1.911 2,174 650 Wanganui New Plymouth & 15 809 Waitara 428 253 Napier and Wairoa 290 883 1,084 Gisborne, Tokomaru Bay and Hicks Bay 174 399 244 Auckland and Opua 170 1,291 1,591 1,204 10,239 9,700

Buyers. Sellers. N.Z. GOVT. LOANS- £ s. d. £ s. d. 44 p.c. Insc. Stock, 1939 96 0 0 p.c. do., 1938 96 0 0 51 p.c., do.. 1927-1941 .. — 97 0 0 4J p.c. Bonds, 1941 .. —— 96 2 6 4J p.c. do., 1939 96 0 6 — Ah p.c. do., 1938 96 0 0 * . 5 p.c. P.O. Insc. Stock 1929 —— 98 0 0 DEBENTURESWellington Gas ■ 102 0 0 Well. Racing Club 1CB 0 0 N.Z. Breweries (Ponds 1 5 10 — BANKSAustralasia 14 4 6 Com. of Aust, (rights 0 9 3 —w N.S. Wale* (cum.) 44 5 0 New Zealand 2 17 3 2 17 9 Union of Austral fa ... 14 15 0 FINANCIALAbraham and Williams (ord.) 4 6 0 National Mortgage... 3 16 0 National Mortgage (London Register) ... —• 3 17 0 N.Z. Guarantee Corp. (ord., fia.l 0 9 6 N.Z. invest., Mortgage and Deposits — 0 9 3 GAbAuckland (paid) ........ 12 3 13 0 Wellington (ord.) 13 2 6 • INSURANCENational — ...... —— 3 19 6 New Zealand 1 17 9 South British - 2 14 6 2 15 6 MEAT piu serving N.Z. Befrigeratg (10s.) 0 8 0 — Gear ..... 2 0 6 TRANSPORT Huddart-Parker (ord.) 2 5 « Union Steam (pref.)... 0 19 10 WOOLLEN— Well. (ord. and pref.) 5 17 0 *— COALWestport „ - 1 14 0 TIMBERKauri 1 12 3 Leyland-O’Brien ....... 2 0 3 — National 12 3 BREWERIES Manning and Co. — 2 3 0 Staples and Co — 1 19 0 N.Z. Breweries — -- 2 19 6 WTSOELI ANEOlibBrit. Tobacco (Aust.) (ord.) .... 2 5 9 Electrolytic Zinc (pref.) 1 17 3 1 17 9 Farmers* Co-op. Auction. (pref. A) 9 18 3 ' — - . 1 16 6 Wairarapa Farmers’ (pref.) 5 17 0 — Wilson’s Cement 1 17 0 — MININGMt. Lyell —- 1 6-6 Waihi 13 9 Kawarau 0 6 10

Ji £ Soft good*; 10,948.487 8,553,114 Metal 5,147,216 3,957,738 Machinery 3'358,991 1,752.669 Foodstuffs 4,485.780 3,051,832 Beverages 2jfil,455 1,253,768 Tobacco goods .. 1,791,950 1,328,630 Motors, etc. 5,880,433 1,527,786 Oils and paints... 3,671,188 2,548,730 Paper, books, etc. 1,915,242 1,279,852 Timber 1,190,340 550,588 Miscellaneous 11,979,325 9,207,854 52,456,40? 35,012,561