FARM & COMMERCIAL

Dominion, Volume 19, Issue 157, 30 March 1926, Page 10

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. Brandon Street, Wellington, 2 p-m.— Sale of forfeited Gloaming Claims, Ltd., shares (J. H Bethune and Co., Ltd.). Addington Showgrounds, ChristchurchSale of -tud Corriedale sheep, account G. Andrews, C. Wright, Stephenson and Pyne, Gould and Guiness Farm Golf Links, Duffa Street, Welling ton, 1 p.m.—Sale of dairy stock, im plements, etc. (Abraham and Williams and Wright, Stephenson). Bainesse, noon.—Sale of cattle, account F. R. Waller (N.Z. Loan and Mercantile Agency). 8 Willeston Street, Wellington, 10.30 a.m. and 1.30 p.m.—Sale of unclaimed goods (E. Johnston and Co.). Johnsonville. 10 a.m. —Stock sale. Levin—Stock Sale. , TO-MORROW. Rialto, Doh Street, Invercargill, 11 a.m.—Sale of City property (Wm. Todd and Co.). Waiwetu Road, Lower Hutt, 1 p.m.— Sale of dairy stock, etc. (H. E. Leighton). Upper Hutt, 1 p.m.—Stock sale. 16 Bidwell, Street, Wellington, 1.15 p.m. Sale of furniture (Ramsey Wilsotj). .181 Featherston Street, Wellington. 2.3 p.m.—Sale of freehold properties account Public Trustee (Dunbar Sloane). Conference Hall Dominion Farmer’s Institute, Featherston itreet, 'Wellington, 2.30 p.m.-Sale of residence situated 117 Tinakori road and sections at Muritai, Seftcn Road, Old Farm road and Rongotai Terrace (Longmore and Co.). 69 Rongotai Terrace, Wellington, 2 p.m. —Sale of furniture (Vine and Co.).

FARMING INTERESTS LONDON SHEEPSKIN SALE Messrs. Diilgety and Company, Ltd., renort having received the following cablegram from tlicir London house, under date March 26:— ■■Sheep Skins.—As compared with closing rates of last series, Merino combmß skins firm at last quotations. Crossbred combing Merino clothing and lambs, rar to 5 per cent higher. The following is the range of prices:—Merino, three-quar-ter to full wool,, 14Jd. to 16d.; quarter to half woolled, WJd. to 13Jd.: crossbred three-quarter to full woolled. fine. 123 d. to 16d.: three-quarter to full woolled. medium and coarse. IOJd. to 14(1. i quarter to half woolled, fine, UJd. to 14d.; quarter to half woolled. medium and coarse. Sto. (o 13Jd.; short and shorn. 9Jd to Ifd.. lambs, lOd. to 14cl. SYDNEY ROYAL SHOW NEW ZEALAND WELL REPRESENTED. Sydney, March 29. New Zealand’s representation at the Sydney Royal Show which opens today. is described as the best tor many years. It includes many notable prizewinners from New Zealand fthows. Shorthorn. Aberdeen Angus, Friesians, Jerseys, and fat cattle have come forWB At some past shows New Zealand breeders of Friesaus have spoken disparagingly of entries in that breed. The opportunitv will be afforded this year of seeing the two countries competing on level terms. Press Assn.

FROZEN MEAT MARKET LATEST QUOTATIONS. (Received March 28. 5.5 p.m.) London, March 27. Following are the latest quotations for frozen and. chilled meats:— Sheep. North Island. —Medium. 6Jd. per lb.; heavy, 5Jd. New Zealand ewes, 4jd. Australian. —Firsts, seconds. 43d. ._ Lambs. Canterbury, heavy, 9£d. North island—Firsts. Pad.; seconds. 83d. Australian.—Firsts, Victorian, Bid.; others, 'li<i.; ■ seconds, Victorian, 73d.; others, 7gdArgentine.—Firsts, light. 9d.; medium. Bd.; seconds, 73d. Chilled Beef. Argentine. —rorts. 33a : hinds.. 63d. Uruguay.—Fores, 3<d.; hinds, 53d. Other descriptions are unchanged in price.—Aus.-N:Z. Cable Assn.

Messrs. M. A. Eliott, Ltd.. Palmerston North, have received cable advice from their London agents of the following Smithfield prices tor the week ending March 26, 1926. These prices are on the "delivered” basis, that is. including storage charges, cartage, etc:—Best North Island, ewes, under 641 b., 4|d.; 64/721b., 56/421b.. lOd.: 42/501b., 9d. Ordinary North Island lambs, under 421 b. 9Jd.; second quality, under 421 b., 9d.: best North Island wethers and/or maiden ewes, 48/561b., 6id.| 56/641b„ 6Jd.; 64/721b.. 6d.; over 721 b., sd. Ordinary North Island wethers and/ or maiden ewes, 48/561b.. 61d.; 56/641b.. 6J<L; 64/721b., 5Jd.; over 721 b„. 5Jd. North Island ewes, under 641 b. 4gd;, 64/721b., 4Jd.; over 721 b., 4Jd. New Zealand prime ox beef (equal fores and hinds), 169/22/)lb., 3Jd. liemarks.—Best North Island lambs, id. lower; ordinary second quality lambs Id. highey; wethers and ewes, unchanged; beef, Jd. higher. Messrs. Levin and Co., Ltd., have received the following cablegram from their London agents, dated March 26:— "Frozen meat quotations (prices on “delivered” ■ basis, i.e., including storage charges, cartage, tolls etc.): — Down lambs 28/42’s. iOld. per lb.: best North Island. 28/42’s. lOd.; ordinary, 28/42's, 9?d.; second quality lambs, 9d.; best North Island wether sheep, 48/64's. 61d.; 64/72’s. 5Jd. : ordinary. 48/64’s, 6d.; North Island ewes, 48/64's, 48d.; 64/72’s. 41d.: New Zealand prime ox beef, 169/229’8, 33d As compared with Jast week's quotations, second quality lamb is id. per lb. dearer and best North Island wethers, 48/64’s. Ad. per lb. cheater. Beef. id. per lb. cheaper. The market is quiet but steady The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their Lon: don house, under date March 26:—New Zealand frozen meat Quotations unchanged. Last quotations: Lamb IOJd. per lb. (averagt-). Mutton: Wether and maiden ewe, light. 6£d. ner lb.; wether and maiden ewe, heavy. 6Jd.; ewe, light. 4Jd.; ewe. heavy, 4Jd. SHIPMENTS FKUM NEW ZEALAND.

The New Zealand Meat Producers: Board reports me following snipments of frozen meat from New Zeaiund.Novcmocr, IVIU: Beet, 4a,118 quarters; uiut ton. 3vu,671 carcases; lamb. careases, London; beef, 16,2a8 quarters; multon, 823 u carcases: lamo, 10-u carcases. West Coast, united Ixingaom; beef, 16,651 quarters; Havre; beat. 19,5/2 quarters, Antwerp. December,- 192 a: Beel, 20,3i0 quarters; mutton, i2j,799 carcases; lamb, V9,9a5 carcases, London; beef, 33,715 quar ters. West Coast, united kingdom, mutton, 13,776 carcases; lamb, 2780 carcases; beef, 21,208 quarters, Genoa. January, 1926: Beef, to quarters; mutton, 14r,obv carcases: lamb, 385,419 carcases, Lonaou; beef, 3871 quarters;-mutton. 2257 carcases; lamb, 15,466 carcases. West Coast. Umtoc Kingdom. February, 1926; Beef 3862. quarters; mutton, 231,291) carcases; lamb. 448.789 carcases, Louaou. beef, 8318 quarters; mutton, 32X.D4 carcases; lamb, 148.518 caroases. West Coast. United Kingdom. March 1-15, 1926. Beef, 4864 quarters; mutton. 78,491 carcases; lamb, 212,389 carcases, London. Total to March 15, 1926; Beef, 79,270 quarters; mutton. 861,814 carcases; lamb. 1,280,035 carcases. London; beef. 62,162 quarters; mutton, 56,357 carcases: lamb, 167,764 carcases, West Coast, United Kingdom; beef 16,651 quarters, Havre; beef. 19,572 quarters, Antwerp; beef, 21,258 quarters. Genoa. Total for same period last year, viz., to March 15, 1925: Beef, 56,709 quarters; mutton, 752.600 carcases; lamb, f,269,489 carcases, London; beef 9638 quarters; mutton, 76,380 carcases; lamb, 238,845 carcases, - West Coast, United Kingdom; beef, 25,256 quarters. Genoa; beef, 9332 quarters, Hamburg. MEAT BOARD ADVICES.

The New Zealand Meat Producers' Board has received the following cablegram from its London office, dated March 26. advising Smithfield delivered prices at that date as follows (prices for the two previous weeks are also shown;:— New Zealand wethers and maidens: Canterbury quality, selected brands (new season’s). march 26. 56/under, 65d.; March 19, 6jd.; March 12. 63d.; March 26, 57/641L. 61d.; March 19, 6J<l.; March 12, (Ud.; March 26, 65/721b„ 61 d. ; March 19. 6Jd.; March 12, 6fd.; other brands, March 26, 56/ilnder, 6Jd.; March 19, 6Jd.; March 12, 6Jd.; March 26. 57/641L., 6Jd.; March 19. «,d.; March 12, 6Jd.; March 26, 65/721b.. sgd.; March 19. 6d.; March 12. 6d. New Zealand ewes: March 26. 64/under, 4Jd.; March 19, 4Jd.; March 12, 4Jd. New Zealand lamb: Canterbury quality (new season's): March 26, 36/under, IC’ld.': March 19, IOld.; 37/421b„ lOid.: March 19. IOld.; March 26. 43/501L., 9gcl.; March 19, lOd.; seconds. March 26, 91d.March 19, 9Jd. Selected brands (new season's, 36ffinder, March 26, IOJd.; March 19, March 12, 103 d; 37/421b, March 26. lOd.; March 19. IOJd.; March 12. ICgd. Other brands. Ist o.uality (new seaseg g), 42/ under, March 26. 95d.; March 19, 9Jd.; March 12, 93d.; seconds (new season’s), March 26, 83d.; March 19, 83d. N.Z. beef: Ox fores March 26. 3Jd.: March 19, 3Jd.; March 12, 3id.; ox hinds, March 26, 4Jd.; March 19. 4Jd.; March 12, 41d. Oow fores, March 26 2id.; March 19, 2scL; March. 12, not quoted; cow hinds. March 26, 3Jd.; March 19, 33d.;’March 12, not quoted. Argentine chilled beef: Ox fores, March 26, 33d.; March 19, 3Jd.; March 12, old.; ox hinds.-March 26, 63d.; March 19. 6Jd.; March 12, 6d. Lamb: Market is steady, consuihttion satisfactory. Mutton market is weaker owing to slow demand.

FAT STOCK FOR EXPORT WEEKLY PRICES. The New Zealand Meat Producers’ Board advises that tho following prices are being offered, March 26, for fat stock for export:— Auckland. — Prime woolly lambs, 36/uuder, BJd.; 37/421b., 7id.; second quality lambs, 7id. Poverty Bay.—Prime woolly lambs. 36/under, Bd.; 37/421b., 7d.; second, quality lambs. 6Jd. Hawke’s Bay.—Wethers, 56/under. sgd.; 57/641b., 4gd.; 65/721b„ 4gd.; second quality wethers, 4Jd.; ewes, 56/under, 33d.; 57/641b.. 3Jd.; prime woolly lambs 36/under, 83d.; 37/421b., 73d.; 43/over, 63d.; second quality, lambs, 7Jd. Wellington.—Wethers, 56/under, „ 5J<l.; 57/641b- 4jd.; 65/721b., 4Jd.; ewes, 56/under, 33d.; 57/641b., 3jd.; prime woolly lambs. 36/under 83d.; 37/421b„ 73d.; 43/ovcr, 7d. Canterbury.—Wethers, 56/under, 6id.; 57/641b., Sid.; ewes, under 481 b., 43d.; 48/641b.. 4d.; prime woolly lambs 36/under. lOd.: 37/421b. 83d.; 43/oyer, 73d.; second duality lambs, 36/under. 9d.; over 361 b., 73d. / Otago.—Prime woolly Jambs. 36/under. 9d.; 37/421b„ 73d.; 457501 b., 7d. Southland.. — Prime woolly lambs, 36/under 83d.; 37/421b„ 73d.; 43/501b., 63d.

SHIPMENT OF APPLES FRUITGROWERS’ CLAIM FALLS. London, March 2C. The appeal of fruitgrowers against the decision of the Lower Court in an action against shipping companies over the alleged negligent transport of apples, was dismissed by a majority of the Court of Appeal with costs. Mr. Justice Bankes, in his judgment, said that there was no ground for imputing to shipowners any want of care in reference to the provision of ventilation in ships’ holds. There was evidence that the fruit had been left in the tree too long, and that might have had a material effect in producing hu.<-’ tibility to the "brown heart” di ease Mr. Justice Scrutton concurred. Mr. Justice Atkin differed, hotdiiq that appellants had csfnh ,: s l ’o- 1 Levon-' dorbt that damage to the apples was caim'd during transit-ZJIS.-M.Z. Cabl“ Afßll.

LONDON MARKETS HIGH COMMISSIONER’S CABLED REPORT The Department of Agriculture has received the following cablegram, dated March 27, from the High Commissioner for New Zealand, London:— Butter. Market firmer. Official quotations ° r New Zealand.—Finest salted: March 27 174 s to 1765. per cwt. Is. 6Jd. to is.’ 6sd. 'per lb.); March 20, 171 s. to 1745. per cwt. (Is. 6jd. to Is. GJd. per lb.); Unsalted: March 27, 1745. to 176 s per cwt, (Is. Gid. to Is. 6Jd. per lb.) ; March 20, 1725. to 1745. per cwt. (Is. 6Jd. per Salted: March 27, 170 s. to 1745. per cwt. (Is. OJd. to Is. Gjd. per lb ) • March 20, 1665. to 170 s. per cwt. (Is. 5Jd. to Is. 6|d. per lb.). Unsalted: March 27, 1725. to 1745. per cwt. (Is. Old per lb.); March 20, 170 s. to 1725. per cwt. (Is. 6jd. to Is. 6Jd. per lb.), iZ her qualities (salted): March 27, 1565. to 1665. per cwt. (Is. 4)d. to Is. 5Jd. per lb). Other qualities (unsalted): March 27j 160 s. to 1665. per cwt. (Is. sd. to Is. id. per lb.). Argentine.—Unsalted: March 27, 1565. to 1625. per cwt. (Is. . to. Is. s}d. per lb.); March 20, 1565. to 160 s. per cwt. (Is. 41d. to Is. sd. per lb.). Other qualities: 'March 27, 140 s. to 1545. per cwt. (Is. 3d. to Is. 4}d. per lb.). Siberian. —March 27, 1565. to 1635. per cwt. (Is. 4jd. to Is. 5Jd. per lb.), according to quality. Danish.—March 27, 190 s. to 1925. per cwt. (Is. BJd. to Is. 8)d- P er I l ’-)) March 20, 1935. to 1945. per cwt. (Is. Sid. to Bjd. per lb.). Cheese. Colonial quiet. Official quotations are:— English.—Finest farmers' unchanged and firm. Canadian. —Finest coloured : March 27, 104 s. to UOs. per cwt. (lid. to 11-jd. per lb.) ; March 20, 104 s. to 108 s. per cwt. (lid. to HJd.). White: March 27, 106 s. to 112 s. per cwt. (11 jd. to Is. per lb.); March 20, 101 s. to 110 s. per cwt. (lid. to llgd. per lb.). New Zealand.—Coloured: March 27, 9,75. to 995. per cwt. (IOJd. to 104 d. per lb.), exceptional, 100 s. per lb. (Ifljd. per lb.); March 20, 98s. to 100 s. per cwt. (101 d. to IOJ-d. per lb.). White: March 27, 965. to 975. per cwt. (IOJd. per lb.); March 20, 965. to 98s. per cwt. (10]d. to lOld. jer lb.); March 27 (exceptional), 98s. per cwt. (Kfid. per lb.). Australian.—Coloured: March 27, 965. to 98s. per cwt. (10ld. to lOld. per lb.); March 20, 90s. to 975. per cwt. (10jd. to IOJd. per lb.). Shipments New Zealand produce arrived this week per s.s. Ruapehu. Casein, Tallow, Wool and Hemp. Casein. —Baltic, <£ss; Chilean, £42; French rennet, £45 to £55.

Tallow.—Spot market remains quiet and no change in prices. „ Wool. —Sales closed Thursday with firm tone. Offerings totalled 142,500 bales, ot which 119,000 sold Continent, Home trade 48,000, America 5000. Competition more widely distributed than during previous series, and more confidence in prices at the close. Compared with last series’ rates, merino anil fine crossbred 5 per cent, higher, medium and coarse crossbred par. Average closing rates are as follow: —60-64’s (merino), Is. Cd. to 2s. per lb.; 50’s (super halfbred), Is. 6jd. to Is. 9d. per lb.; 48-50'5 (fine crossbred), Is. 4d. to Is. sd. per lb.; 44-46’s (medium crossbred), Is. 2Jd. to Is. 31d. pei lb.; 36-40’s (coarse crossbred)-, Is. Ijd. to Is. 2Jd. per lb. Next series commence April 27. Hemp.—Manila market continues dull and easier. "J” grade No. 2 MarchMay shipments now quoted at £4O 10s. sellers. Sisal dull and quotations unchanged. New Zealand market quiet and liighpoints, March-May shipments, quoted at £3B, fair £34 10s., value c.i.f.

OTHER ADVICES The Bank of New Zealand, produce department, has received the following advice from its London office under date Marell 26:— Butter.—More doing; 1745. to 1765. per cwt. Cheese. —Slow. White, 90s. to 975. per cwt.; coloured, 975. to 98s. per cwt.. Frozen Meat. —The market is fairly well supplied with wether mutton, and moderate business has been 'done. Trade in ewes is slow. The demand for lambs is good, and is likely to continue. The beef market is stagnant. Wethers, light 6d. to 6|d. per lb., heavy sd. to s|d. per lb.; ewes, 4d. to sd. per lb.; lambs, 2’s 9Jd. to Iftjd. per lb., B’s 9Jd. to lOd. per lb., 4’s 94d. to 9<d. per lb., seconds 9d. to 9Jd. per lb., Australian 7Jd. to 81d. per lb., Argentine 7d. to Ba. per lb-

The New Zealand Producers’ Co-opera-tive Marketing Association’s weekly cabled report from London dated March 26, is as follows: — Butter.—Market quietly steady. New Zealand, salted, 1745. to 1755.;. seconds, 1645. to 1665.; unsalted, 1745. to 1765. Australian, 170 s. to 1745. Argentine, 148 s. to 162 b. Dutch, 190 s. Danish, 190 s. to 1925. Siberian, 1565. to 1635. Cheese.—Market qiiiet. New Zealand, white. 965. to 975.; coloured, 975. to 98s. Canadian, 104 s. to 112 s. Australian, 965. to 9Ss. p Mr. T. C. Brash, secretary of the New Zealand Dairy Produce Board, reports having received the following cablegram from the London office of the board, dated March 27:— Butter.—New Zealand, bss.; Australian, 170 s. to 1725.; Argentine, 150 s. to 1605.; Danish, 190 s. Spot stocks Australian very short. Cheese.—White, 975.; coloured, 98s. Market very quiet.

WHOLESALE PRODUCE PRICES Messrs. Laery and Company Ltd., report wholesale values .as follow.—Mixed fowl feed, 7s. 6d. ter bushel, sacks in. Linseed meal, 165.; linseed nuts, 14s. Linseed whole, 20s. cwt. Meatmeal, for poultry, 13s. per cwt. Oyster shell grit or pipi shell grit, 6s. per 1001 b. Oats, ma-chine-dressed, Algerians 6s. 6d.; farmers dressed seed Algerians. 55.; crushed, ss. 6d.; Duns, ss. 6d. to 6s 6d.; Gartons, 6s. to ss. 3d. ner bushel, sacks in. Shelled oats, for chickens. 6s. per bushel, sacks New Zealand maize, whole. Bs. 6d.; crushed. 9s. Barley, feed. 5s 6d.; seed, 6s. Partridge nears, 7s. 6d.; feed peas. 75.; Prussian blues, 10s. bushel, sacks In. Wheat milling, five-sack lots. 7s. 10d.; lesser lots, Bs. Eggs, first-grade, new laid. 2s. sd. to 2s. 6d. : storekeepers. 2s. 3d. to 2s. 4d.; preserved eggs. Is. lid. to 2s. dozen. Butter, farmers’ separator and dairy, Is. 2d. to Is. sd. lb. Fowls, White Leghorns, 4s. 6d. to 55.; Black Orpingtons and similar varieties, 7s. to 9s. per pair. Turkeys. Is. Id. to Is. 4d. per lb. Ducks, 6s. to Bs.; large whites. 10s. to 13s. nair. Fungus. Bd. to 9d. per lb Dressed pork. 60’s to 90’e, 7d. ner lb.- sneking pigs, Bd. to 9d. lb. Sucrosine, half-ton lots, £l2; lesser lots. £l2 to £l2 55.; molassmeal. £9 IDs. per ton. Blenheim chaff, prime ton lots, £lO ss. per ton, sacks in: medium quality, £8 to £8 10s.; Australian. £l5 ton. Rock salt. 6s. 6d. per bag. Molasses, in casks. 40s. cask; in cwt. cases, Bs. 6d. per case. Mutton birds, in casks of 500 , 6d. per bird. Bran, half-ton lots or over, £lO per ton. Pollard balf-ton lots or over £ll ner ton. Granulated charcoal. 14s. 9d. ner bag. Basic slag, £5 15s. ner ton. Peameal ton lots. £lO 10s.: »mall quantities, Ils.

STOCK SALES Messrs. Dalgcty and Company, Ltd., report a fair entry of both sheep and cattle at Waikanae on March 25. There was however, very little competition and prices were low and in favour of purchasers. Quotations: M.S. lambs. «e. to 125.; M.S. 2-tooths. 17s ;9d. forward cows. £3 ICs.; store cows, 27s 6d. to 355.: 3year heifers. £3 10 s The New Zealand Loan and Mercantile Agency Company, Ltd., Rawera branch report as under:-At Eltham on March 24 we held our fortnightly sale. A small yarding was submitted and prices w-rc on a par with recent sales. Fat cows to £5 Is.: store cows. £2 to £3 55.; aged cows 15s. to 305.: bulls. 10« to £3 17s 6d.- store r.igs to 15s. At our’ Hawe.ra eale >n March 25 n medium yarding of sheep and cattle .-ere off-red to a good attendance o' buyers Everything was Moored under the hn.m-mor nt satisfactory pr’cos F.--eno-o £4 15s. to £5 "3» ■ forward <w»« r ? 15s. to £3 7s sd.- store cotvs. £• ■'i ' o .£2 5’.: arrd cows. 15s to 25s •vf Hmbs (woolly). to 15s: B.M. ewes Tp fid. to 10s.: store pigs. 15s. to 33s wenner pigs. ’s. to lie. fit Tu’eri#! fie n £arcb. 25 there

was a medium yarding of sheep, and everything was cleared at ruling ra.tes Two-tooth ewes, to 22s 6d.: B.M. ewes Bs. 6d,i B.M. wethers. 7n. 6d.: W.F. lambs (shorn), to 145.; W.F. woolly lambs (anialil to 1?.. iAA.i cw lambf to M.

COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the afternoon call yesterday sales wore reported of Bank of New Zealand shares (two parcels) at £3, and JN.Z. Breweries at 595. There was a good demand for Government stocks and bonds, with buyers of the 4 per cents, at £96, the 5 per cents, at £97, and the al per cents, at £97 10s. Wellington Gas Company's debentures were lery firm at £l<m/ and Wellington Racing Clubs debentures at £lO6. Bank shares ' vel ’o firm. There were bids of £l4 lor Bank of Austral! affi an shares, ex divjrllemcl, 30s. for Commercial Bank cruinary shares. £6 14s. for National Bank shares, 60s. for Bank of New Zealand shares, and £l4 19s. for Lnion Bank shares. N.Z. Guarantee Corporation shares were steady, the ordinary were in demand at 9s. 9d., and .the preference at 21s. 6d. Wellington Investment shares were wanted at 10s. 6d. South British Insurance shares were firm ana unchanged at 575. There were buyers nt Huddart-Parker ordinary shares at 445., and Union Steam preferences at 20s. Cbal shares were quiet. port Coal shares were on sale at 355. 9d Leyland-O’Brien Timber shares were very firm at 425. 6d. Brewery shares were inclined to firm. Manning and Co.’s shares were. in demana at 425., and N.Z. Breweries at 595. Taranaki Oil shares were wanted at Bs. Yesterday’s buying and selling quotations were as under-.—

WOOL SEASON—I92S-26 A REVIEW The wool season of 1925-36 will be pleasantly remembered for the general stability of the market. Ever since the sales held in December prices have Loen steady. Between the months or May and December last year the wool market was unsatisfactory, for there was a lack of confidence, and, furthermore, buyers of the previous season s clips were counting their losses. rhe season opened in Wellington on November 16, when a small quantity of wool was submitted. At the Ea !®.. l A= W nt noticeable that the representatives ot Continental houses secured the. bulk <1 the offerings, their limits being well aibove those of Bradford buyers. German and French representatives were very active. Values, however, were much below the March or closing sales of the previous season. Fine crossbreds 46-48’s, showed a decline ot Ji<lor 19.44 per cent.; medium crossbreds,, 44-46’s, a decline of 2sd. or 16. K p®’ cent.; coarse crossbreds, 40-44 s, declined 4d. or 19.05 per cent.; and low crossbreds, 36-40’s, were lower by 4jd. or 30 pct cent. The second sale was held on December 11 and 12 and prxees showed a decline on November rates, and there were rather heavy withdrawals. The wool offered was not up to the average of December offerings, for although light in grease and of good colour, there was a marked tendeiness and thinness of staple. lhe drop in prices brought values to within the range of Bradford’s limits, with the lesiilt that Bradford buyers, were able to take a more active part in the bidding. France, Germany and Italy rendered the market considerable support, and America bid for the super crossbreds suitable for her market. However there was a disposition on the part' of growers to meet the market, and over 90 per cent, of the offering was cleared m some >-oses and less in others. The third sale of the season was held on January 22 and 23, and a marked feature was the keen competition of American buyers for super crossbreds, and fortunately this grade of wool was in fair supply. Under Amencan competition super crossbreds advanced Id. to lid., and selling as high as I6d Bradford took the bulk of the average quality medium crossbreds, the Continent obtaining a fair share. The market showed an improvement on the December rates for most grades of wool At the February sale it was evident that Bradford was satisfied that the market had about reached bedrockat all events the Yorkshire representatives were very active. The demand for wool, however, was general, riving evidence of restored confidence. There was no particular movement in prices, which were up to the January parity. The last sale of the season, held at the week-end, showed an improved tendency in fine wools, with crossbreds up to the February level. The prices at the closing sales of 1925 and 1926 show as under for average qualities:—

SALES IN OTHER CENTRES Dunedin, March 29. Sales: New Zealand Breweries, 595. 3d. (odd parcel): Kawarau, 65.; St. Bathan’s (“A” issue) ss. 3<1., (“B” issue) 6s. 3d. Auckland, March 29. Sales: War Loa.i (1938), 4i per cent., £96 10s.: National Bank of Australasia (con.). £8 195.; Bank of N.S.W,, £44 2s. 6(1.; Auckland Gas, 225. 3d.; Auckland Gas (con.), Ss. Id.; Huddart-Parker. 445. 9d.; Northern Steam. 15s. 4d.; Bycroft, Ltd., 28s. 6(1.; Taranaki Oil, Bs. 9(1.; Wilson’s Cement, 365.; Kawarau, 6s. Chrlstchnrch, March 29. Sales reported: National Bank of Australasia (£5 paid). £8 18s.: Bank of New Sou'h Wales. £44; Bank of New Zealand. 60s. (id. (two parcels), 60s. 3d. (two parcels); Royal Bank. £6 18s.; New Zealand Insurance, 395. 3d.; New Zealand Breweries. 595. Sales: New Zealand Government Bonds (1938), £9ll 55.; Royal Bank, £6 17s. 3(1., £6 17s. 6d. CUSTOMS REVENUE. Tho Customs revenue collected yester(lav at the port of Wellington totalled £4928.

11UUS nuie HO . N.Z. GOVT. LOANS— Buyers. £ s. d. Sellers. £ s. d. 44 p.c. Ins. Stk., 1939 44 n.c. ditto. 1938 .... 96 96 0 0 l! 0 96 10 0 51 n.c. ditto, 1927/1941 90 0 0 — 5l n.c. ditto, 1930 .... 97 W 0 — 44 p.c. Bonds. 1939 .. 4* p.c. ditto, 193S .... 96 0 0 96 0 0 96 10 0 5 p.c. P.O. Ins. Stk., 97 .0 0 97 10 0 debentures— Wellington Gas 100 0 0 — Well. Racing Club .. BANKS— 106 0 0 Australasia (x.d.) ... 14 0 0 Commercial of Aust. MrZI 1 1 10 0 (01 U. ) L Zl ri National of N.Z 6 14 0 ' * v c a I a n d 3 V 0 3 0 Union of Aust FINANCIAL— 14 19 0 — Abraham and Williams N.Z. r Guarantee Corp. 0 9 9 0 9 11 1 6 Well. Investment .... 0 10 6 —- Wright, Stephenson 7 fl _. ( .? rd ’)_— 0 17 9 INSURANCE— H 17 0 meat preserving1 19 3 TRANSPORT— Hud dart-Parker (ord.) Union* Steam (prof.).. 1 0 0 — COALg TIMBER— Ijeyland-O’Brien .... , 2 2 6 2 4 1 0 3 breweries— Manning and Co 2 Staples and Co. 2 19 0 miscellaneous— Electrolytic Zinc (pref.) — 1 16 6 Howard Smith National Electric .... 0 19 9 Taranaki 'Oil Fields . • 0 8 0

° 1 Mar. 1926 Mar. 1925. Merino ... 15 to 18 224 to 24} Half bred, 56-58 ... 144 to 17} — Halfbred, 50-56 ... 13 to 15 19} to 23 Halfbred, 4S-50 ... 12 to 14 17 to 20 Corriedale ... 13 to 15 19 to 22} Crossbred, 46-48 ... 12 to 14 17 to 19} Crossbred, 44-46 ... Ill to 13 15 to 182 Crossbred, 40-4-1 ... 11 to 12} 15 to 17} Crossbred, 36-40 ... 101 to 12 15 to 16