FARM & COMMERCIAL

Dominion, Volume 19, Issue 120, 15 February 1926, Page 10

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. Alfredton, noon.—Ewe fair. Pahautanui, 1 p.m.—Ewe fair. 14 Brandon Street, 2.30 p.m.—Sale of I farm property (H. E. Leighton). K Shed, Waterloo Quay, Wellington, 1.30 p.m.—Sale ->f motor-cars (E. Johnston and Co.). 98 Manners Street, Wellington, 2 p.m.— Salo of household furniture (Ramsey Wilson and Co.). S Willeston Street, Wellington, 1.30 p.m—Sale of furniture (E. Johnston and Co.). TO-MORROW. Rangitikei Street, Palmerston North. 11.30 n.m.—Sale of farm property (N.Z Loan and Mercantile Agency Co.). Feilding.—Dispersal sale on account of D. IL McLean, (Murray, Roberts and Levin and Co.). 8 Willeston Street, Wellington, 1.30 p.m. —Sale of show nases (E. Johnston and Co.). 98 Manneis Street. Wellington. 1.30 p.m.—Sale of basins (Ramsey Wilson and Co.). WEDNESDAY. Hokiha Street, Taumarunui, 10.30 a.m. —Sale of farm property of 526 acres (Samuel Bishara, Ltd.). Chamber of Commerce, Customhouse Quay, Wellington, 2.30 p.m.—Sale of property situate 26 Melbourne Road (Andrews and Roberts). Johnsonville, 12.30 p.m. —Stoik sale. FARMING INTERESTS PAHIATUA SHOW A SUCCESSFUL GATHERING. By Telegraph.—Press Association Pahiatua, February 13. The Pahiatua Show opened in excellent weather and before a record attend, ance. A motor parade was introduced with great success. Altogether the show was a splendid gathering. The championships were awarded as under: — Jerseys.—Bulls: E. W. Leach and J. Murrav. Imth of Woodville. Cow: J. Mitchell /Woodville). Points prize, Jerseys, J. Mitchell. C. Jones and J. Murray (Woodville) were the chief prizetakers in the dairy section. Cattle generally showed a marked improvement. All the sheep awards went to district breeders. The competitions resulted: —Maiden hunters: E. Olson, 1 and 2; M. McCool, 3. Open hunters: Mrs. A. J. Rutherford, 1; Bruce McKay, 2; V. James, 3. Ladies’ hunting: Mrs. A. J. Rutherford, 1; Bruce McKay, 2; L. V. Janies, 3. Dog Trials.—R. J. McDonald, 1; L. N. Hoggard, 2; W. P. Treseder, 3.

BUTTER SUPPLIES COMPLAINTS OF HOLDING UP REPLIES FROM OFFICES OF HIGH COMMISSIONERS London, February 12. At the meeting of the Home and Colonial Stores, Air. Emery repeated his protest male last year in regard to New Zealand and Australia holding up their butter supplies. The commercial authorities attached to the New Zealand and Australian High Commissioners’ Departments state that Mr. Emery’s complaints are not new or altogether true, because neither the New Zealand nor the Australian Dairy Control Board is unreasonably withholding either butter or cheese. It is the policy of the boards to send Regular shipments in consequence ot the abnormal conditions following the shipping strike, and partly to prevent glutting tli. markets and slumping prices. They point ou.t that Mr. Emery, while charging New Zealand and Australia with holding up supi>lies in the hope of better prices, virtually admits that he is carrying on with a minimum of supplies, and accumulating exceptionally largo cash balances in the hope of the market becoming more favourable. Both New Zealand and Australia recognise tho gravity of the growing competition of Latvia and Argentina, principally of the latter, where Mr. U’Callaghan, an ex-Australian expert, lias achieved remarkable high qualities of butter, although on a comparatively small scale. The question of holding up supplies ’ was rect-ni(ly referred to the newlyformed New Zealand Dairy Board in London, who decided that it was not necessary to lake any action. —-Aus.-N.Z. Cable Assn. FROZEN MEAT LONDON QUOTATIONS. (Rec. February 14, 5.5 p.m.) London, February 13. Sheep. Canterbury, light,2 6£d. per lb.; medium, 6Jd.; heavy, 6J(I. North Island, light, 61d.; medium, 6J(L; heavy, 61d. . "New Zealand ewes, -lid. Australian, firsts, 5d.; seconds, 4-Jd.; ewes, lid. Argentine, light, GJd.; medium, s’Jd.; heavy, 4sd.; ewes, 4Jd. Lambs. Canterbury, light, lOld.; medium, 9Jd.; seconds, Bd. Other selected, medium, 9Jd.; seconds, 9d. Other sclectcds, light, l(l.ld.; medium. 81d. North Island, seconds, 91d. Australian firsts, Victorian, 7jd.: others, 7ld. Seconds, Victorian, 7[d.; others, 7a. Thirds, 7d. Argentine, firsts, light, 8-Jd. Chilled Beef. Argentine, hinds, 5Jd. Uruguayan, fores, 3Jd.; hinds, 5Jd. Other meats are unchanged.—Aus.-N.Z. Cable Assn. The Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house, under date February 12: —New Zealand Frozen Meat.—Lamb: 9Jd. per lb. average. Mutton: Wether and maiden ewes, light, 6|d. per lb, heavy, 6Jd- per lb.; ewes, light, 4jd. per lb., heavy, 4Jd. per lb. Market weak.

Messrs. M. A. Eliott, Ltd., Palmerston North, have received cabled advice from their London agonts of the following Smithfield prices for tho week ending February 12. These prices arc on tho ‘‘delivered” basis, that is, including storage charges, cartage, etc..: —Best North Island prime lambs, up to 361 b., lid., 361 b. to 421 b., IOJd.; ordinary North Island lambs, up to 421 b., lOjd.; best North Island wethers’ and/or maiden ewes, 4Slb. to 561 b., (lid., .561 b to 641 b., 61(1., Glib, to 721 b., s]d., over 721 b., 5?(1.; North'lsland ewes, up to 641 b., Qd., over 721 b., -tri.; New Zealand prime ox beef (equal fores and hinds), 1601 b. to 2201 b., 3£d.

Remarks.—Lamb, no change.; wethers, hl. to 2d. lower; ewes, Jd. to |d. lower; beef, }(i. lower. Messrs. Levin and Co., Ltd., have received the following cablegram from their London agents, dated February 12: Frozen meat quotations (prices on a “delivered” basis, i.e., including storage charges, cartage, tolls, etc.): —Down lambs 28 to 42’s, 101(1. per lb.; best North Island, 28 to 42’s, 10[d.; ordinary North Island, 28 to 42’s, 10d.; second quality lambs, 9Jd.; best North Island wether sheep, 43 to 64's, 6Jd., 64 to 72’s, 6}d.; ordinary North Island wether sheep, 48 to 64’s, 61d.; North Island owes, 43 to 64’s, 4}d., 64 to 72’s, 4]d.; New Zealand prime ox beef, 160 to 220’s, 3|d. As compared with Inst week’s quotations, second quality lamb, withers, ewes, 48 to 64’s, and beef arc ]d. per lb. cheaper. Tho demand continues poor and prices are unsteady. MEAT BOARD’S ADVICES. Tho New Zealand Moat Producers' Board has received the following cablegram from its London office, dated Februjiry 12, nayi.-pu,, t>iiui..ueui dy.ivcr.ea prices, at that date as follow (prices for the two previous weeks are shown in pa rent hoses) Now Zealand Wethers and Maide.ns.Canterbury quality, selected brands, 561 b. and under, 6Jd. (7(1., 7(1.); 571 b. to 64)b 6Jd. (7d.. 7d.), 651 b. to 721 b., 61(1. (6Jd.,

Wdj. Other brands, oClo. and unucr. fild. (Gild. to 6Jd.), 571 b. to Glib., 6Jd. Iliil.. 6'd.l; 651 b to 721 b., Gid. (6','d 6J<l.). Now Zealand Ewes. —6411). and under 41d. (t-Jd.. 5d.). Now Zealand Lamb. —Canterbury qualify. 361 b. and under, 10'd. (lOjd., lid.); 371 b. to 421 b„ 9}d. (9d„ 9<1.); 431 b. to 501 b. 72d. <7Sd.. Bd.);_ seconds- Bd. <BJd.. Sid.). Selected brands, 361 b. and under, IOJd. (Iliad., 10’d.); 371 b. to 421 b., S.ld. (B?d.. B',d.). Other brands, first quality, 421 b. and under. 104 d. (10jd.. 10R1.). New Zealand Beef.—Ox fores, 3.',d. (31d., 3Jd.); ox hinds, 4Jd. (lid., 4|d.); cow, fores, 2’d. (2Jd., 3R1.); cow hinds 3ld. (31d.. 3;d.1. Argontbie Chilled Beef. —Ox fores. 3jd. (3Jd., 3Jd.); ox hinds, sjd. (s}d.. 5Jd.). Argentine frozen beef, frozen pork, and frozen veal, not quoted. SHIPMENTS FROM SOUTH AMERICA. The New Zealand Meat Producers’ Board lias received a cablegram from its reprasentative at Buenos Aires, South America, advising the following ship, mont.s to the United Kingdom for the fortnight ended February 4, from Argon, tine and Uruguay27l,Boo quarters chilled beef, 34,159 quarters frozen beef, 67,713 carcasses frozen mutton, 57,488 car. cusses froz. " • ••■ . to the Continent of Europe during the same period totalled 2450 quarters chilled beef, 210,325 quarters frozen beef, 28,141 carcasses frozen mutton. SECOND GRADE BONELESS BEEF Mr. W. Perry, in his address at Dan novirke on Wednesday evening, said that the Meat Board had been very successful in getting a market for second grade boneless beef on the Continent of Europe. Owing io the culling out of dairy cows throughout the D<, minion there was a regular snnuly ol that quality beef available. Italy was faking considerable quantities and in some cases it had boon poss : ble Io arrange for direct shipment to llv't country. Tt was rather remarkable said Mr. Perry, that tho T(alion« preferred 'can beef and fat nork. Shipments of New Zeal.nd nork sent to Ttnlv in the early stapes of the trade had boon too Iran to satisfy the tastes of the Italians.

SOUTHLAND FROZEN MEAT COMPANY

GOOD FINANCIAL POSITION. By TEtEGEArH.— Press Association Invercargill, February 13. At the annual meeting of the Southland Frozen Mont Company to-day the report, recommending a dividend of 16 per cent, and the currying lorwnrd of £32.0'10, was adopted. Tins chairman snid tho company’s properties were conservatively valued al £124,716. The remainder of tho assets, approximately £171,606, were in cash, or convertible, securities, which would more than realise that amount nt short notice. FEILDING~STOCK SALE By Telegraph.— PtiEss Association Feilding, February 12. At the Feilding stock sale to-day a heavy yarding of sheep was offered to a largo attendance of buyers. Tho sale opened with a dull tone, but livened up later. Prices improved as the sale advanced. Good rape lambs were keenly sought after and realised good prices. All other stock sold at about late rates: Fats: Lambs, 175., 19s. 3d., 21s. (id.; ewes, 18s. 6(1.; prime, 28s. (id., 365. 9d.; wethers (small) 245. 7<L; others, 285.. 28s. Id.; small woolly- wether lambs, 145., 17s. Id.; shorn wether lambs. 12s. 8(1. to 18s.; ditto ewes, 15s. 3d., 18s. 2d.; four-five-year ewes, 16s. Id., 17s. Id., to 235. 6d.; black faced rape lambs, 16s. fa 18s. Bd.; black-faced store lambs, 13s. 8d„ to 165.2 d.; 2-tooth wethers. 21s. Id., 235. 16d., 245. 9(1.; small, 16s. 5d.. 18s. 'id.; two-tooth ewes, 235. Id., 235. 6<L, 255.; store ewes, 7s. 7d., 7s. Bd.. 10s. 7d., 135.; small lambs, Bs. lOd.; four-six-tooth ewes, 265. 2d.,

The yarding of cattle consisted mainly of young steers, bullocks, and a few pens of fat cows. Store cattle were very dull, only one pen of P.A. bullocks being sold at auction. Fat cattle showed a slight improvement on tho last sale. Prices: Prime fat Hereford cows, £7 7s. 6d.; eighteen-month mixed coloured steers, £3 45.; small P.A. 18montb steer,s. £3; single fat bullock, £9 16s. 6d.; four-yeur P.A. bullocks (good condition;. £8 Ids. Many lines of cattle were passed in at prices giving n< indication of the values.

MASTERTON SHOW

The annual show nt Masterton will be held ou February 15 and Ki, and it is expected to be the most successful exhibition of slock ever held in the Wairarapa. The sheep and cattle sections have brought together an excellent array of stock, nnd the most prominent breeders in the southern portion of the North Island are showing. From the public’s point or view tho ring events are most interesting, and in these them is an average entry of sixteen horses, so that there should be a particularly good display. Tho dog show and the sheep dog trials will also provide much to interest and educate tho public. Convenient trains will run on People’s Day to suit visitors from the north and south. Any information regarding the show or ram fair (which will be held on February 18 nnd 19) can bo obtained by sending a letter-card or telegram to the secretary (Mr. R. H. Williams), Box 40, 5 tasterton. THE APPLE SEASON IN FULL SWING IN NELSON. “Dominion” Special.

The apple export season is now in full swing in tno Nelson district. For the past tow clays shipments have been going lorward regularly from'Port Nelson, Mapua, and Alotueka, the three assembling points for the province. 'The varieties are Worcesters, Cox’s, and Gravenstcins. The fruit is said to bo cleaner and heavier than in previous seasons, and on the present showing it is expected that the export crop will be a record one. The shipping arrangements for this end are different from those of last season. The fruit, after being inspected at Hie assembling points, is going to Wellington, where it is put in cool store awaiting loading for Home. Everything is reported to bo going smoothly and points to the fruit being expeditiously' handled. THE SEASON’S TOTAL. A Dominion representative was authorativcly informed yesterday that 300,000 cases of apples will be shipped from Nelson and district this season. COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE SATURDAY’S BUSINESS AND PRICES At the Call on Saturday morning a sale of Bank of Australasia shares at £l4 6s. 6d. was reported. A moderate business was done during the past week, .with nothing outstanding. The 44 per cent. Government stocks and bonds sold at £O6, with further buyers at the price. The 5 per cents, sold at £9B 55., and the 51- per cents at £99 15s. New Zealand Breweries 10 per cent, bonds sold at 255. lOd. and 265. Auckland Harbour Board 4| per cent, bonds, due 1.927, sold at £97 10s., and Gisborne shccpfarmcrs’ 7j per cent, bonds, due 193.1, sold at par. A moderate business was done in bank shares. Bank of Australasia sold at £l4 55., £l-1 65., and £l4 6s. 6d. Commercial Bank rights at 9s. and Us. 3d., with buyers on Saturday at 9s. Bd. Bank of New South Wales shares changed hands at £l4 2s. 6d. cum dividend, Bank of New Zealand at 575. 3d. and 575. 6d., Union Bank at £l4 155., with buyers now at £l4 165., English, Scottish, and Australian Bank at £7 155., and Western Australian Bank at 555. Goldsbrough, Mort, and Co.’s shares met with a good demand, and six parcels changed hands at 48s. Dalgety and Co.’s shares sold at £l6, New Zealand Loan and Mercantile ordinary stocks at £92, New Zealand Guarantee Corporation ordinary shares at 9s. 7d., and Wellington Trust and

Loan at £6 ss. There were buyers on Saturday of Equitable Building shares at £8 12s. fid., and National Mortgage at £3 16s. There was, a small turnover in gas shares, Auckland Gas changing hands at 225. 7d., and Christchurch Gas at £7 12s. 6d. Napier Gas, £lO paid, were in demand at £lO 55., and Wellington Gas, £lO paid, at £l3 3s. Insurance shares were firm, but the business done was small. New Zealand Insurance shares changed hands at 38s. fid. cum dividend, and 375. Cd. ex dividend, and South British at 555. New Zealand Refrigerating shares, 10s. paid, sold at Bs. 3d. and Bs. 2d. There was a good demand for Hpddart-Parkcr shares, the ordinary at 455. Cd., and the preference at 20s. fid., but there were no sales during the week. Northern Steam shares sold at 15s. 6d. Two parcels of Mosgiel Woollen shares sold at £6. Westport Coal shares were in active demand dut’ng the week, end sales were registered at 3 Is. 3d. nnd 34s fid. Timber shares were in demand, but there were no sales. Kauri Timber shares were wanted n* 3?--.., and LeylandO’Brien Timber nt 10s. fid. A fair business was done in Brewerv shares. Manning and Co. shares sold nt 425. 3d. and 125., Crown Brewerv at 17s. fid., and New Zealand Breweries at 58s. fid. fn the mwe'lnneons section business was done in I)o”n<?hy Rope and Twine nt 31s. Od., New Zealand Drim nt CSs. and C7s. 6<1.. Taranaki Oil at 11s fid., New Zealand Paper Mills at 20s. fid., New Zealand Farmers’ Fertiliser at.

935., Electrolytic Zinc preference at 375. Ljd. and 375. (id., and Wilson’s Cement at 375. . Saturday’s buying and selling quotations were as under;—

SALES IN OTHER CENTRES Bv Telegraph. Press Associatios Dunedin, February 13. Sales: New Zealand Hardware (ord.), Ils. W. (two parcels); Kawarau, 7s. Sale reported; Kawarau, 7s. Auckland, February 13. Sales: Taranaki Oil, 10s.; Waihi, 235. 6d. Sale reported: Union Bank of Australia, £l4 .18s. Christchurch, February 13. Sales: New Zealand Breweries (10 per cent, bonds), 255. lid.; New Zealand Refrigerating (coutrib.), Bs. 2d. PRICES OF RAW MATERIALS. (Roc. February 14, 5.5 p.m.) London, February 13. Cotton. —Liverpool quotations for American middling upland cottpn, March delivery, 10.16 d. per lb. Rubber.—Fine, hard para, 3Lld. per lb.; plantation, first latex cicpej 32J(1.; smoked ribbed sheet, 32Jd. Jute.. —Indian native, first marks, Feb-ruary-March shipment, £57 ss. per ton. New Zealand Hemp.—January-March shipment, £4O per ton. Copra.—South Sea, bagged, Januai’yFebruary shipment, £27 12s. 6(1. per ton. Linseed, oil £3l 10s. per ton, equal to 2s. 6Jd. per gallon. Turpenline. 645. per cwt., equal to 4s. Ifljd. per gallon.

CHICAGO WHEAT QUOTATIONS. (Rec. February 14, 5.5 p.m.) New York, February 13. Chicago wheat quotations, May, new, 1 dollar 66J cents per bushel, old 1 dollar 64.1 cents: July, 1 dollar 49J cents; September, 1 iollar 42 cents.

CUSTOMS REVENUE. The Customs revenue collected on Saturday at the port of Wellington totalled .£8054.

N.Z. GOVT. LOANS3uyers. £ u. d. Sellers, £ b. d. 41 p.c. Insc. Stock, 1938 96 0 0 4J p.c. Bonds, 1941 — 96 5 0 p.c. do., 1939 ..... 96 0 t 4J p.c. do., 1938 96 0 0 4j p.c. do.. 1930 — 96 10 0 5 p.c. P.O. Bonds, 1927 98 0 0 DEBENTURESN.Z. Breweries (Bonds) 1 5 11 HANKSCom. of Aust, (rights) 0 9 8 N.S. Wale* <cum.) 44 5 0 New Zealand — 2 17 9 Union of Australia .... 14 16 0 — FINANCIALAbraham and Williams (ord.) , — 4 6 0 Goldsbrough Mort ... 2 7 6 Ejuitablo Building ._. 8 12 6 — National Mortgage .... 3 16 0 4 0 0 N.Z. Guarantee Corp. (ord., 8s.) 0 8 11 0 9 3 Do. (pref.) 1 1 6 N.Z. Invest., Mortgage and Deposit — 0 9 3 GAS Napier (£10) . 10 5 0 ■— — Wellington (£10) INSURANCE— .. 13 3 0 National » 1 ■ 3 19 6 New Zealand — 1 17 6 South British 2 14 6 215 6 MEAT PRESERVINGN.Z. Kcfrigcratg (10s.) 0 8 0 — Gear 2 0 6 TRANSPORT-Huddart-Parker (ord.) 2 5 6 —- Do. (pref.) 10 9 WOOLLENWell, (ord.) — 6 0 0 COALWestport 1 14 0 1 14 6 Waipa . 0 16 9 IIM HERKauri 1 12 0 Leyland-O'Bricn 2 0 6 —■ BREWERIES N.Z. Breweries — 2 18 0 219 0 MISCELLANEOUS— Electrolytic Zinc (pref.) —t 1 17 8 Farmers’ Co-op. Auction. (pref. A) 0 18 3 N.Z. Express (ord.) .... • 13 3 N.Z. Paper Mills 1 1 0 — Wilson’s Cement 1 17 3 — MININGWaihi ..i 1 4 0 Mt. .Lyell — 16 6