FARM & COMMERCIAL

Dominion, Volume 19, Issue 256, 13 July 1926, Page 14

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. Abraham and Williams’s Offices, Taumarunui, 10 a.m. —Salo of land account Com. of Crown Lands) (Abraham and Williams). Coronation Hall, Marton, 2.30 p.m.— Salo of land (Abraham and Williams, and Wright, Stephenson and Co.). 5 Boulcott Terrace, 1.30 p.m.—Sale of household furniture (Johnston and Co.). Levin —Stock sale. Kialto Buildings, Manners Street, 9.30 a.m.—Sale of Irish linens (E. Johnston and Co.). TO-MORROW. Ilimatangi, 1 p.m. —Stock sale (New Zealand Loan and Mercantile Agency). Ground Floor, Tory Street, 10.30 a.m. — Sale of building materials (Johnston and Co.). Rialto, Manners Street, 10.30 a.m. —Sale of fittings (E. Johnston and Co.). Ford’s Auction Rooms, Ohakune, 11 a.m. —Sale of land (A. J. Ford and Co.). 105 Customhouse Quay—Sale of residential properties (S. G. Nathan). The Farm, Koputaroa, 12.30 p.m.—Sale of dairy stock, implements, etc. (Abraham and Williams). Johnsonville, 12.30 p.m.—Stock sale (Abraham and Williams, and Wright, Stephenson and Co.). THURSDAY. Druid’s Hall, Marton, 2.30 p.m.—Sale of lease, Education Reserve, between Marton and Bonny Glen (Commissioner of Crown Lands). Flyger’s Line, Palmerston North —Sale of 130 Jersey cows (New Zealand Loan and Mercantile Agency). STOCK SALES The New Zealand Loan and Mercantile Agency Company Ltd., Hawera branch, reports as under-.—At Kakaramea saleyards, on July 5, we conducted Mr. R. G. Scown'a annual sale of three-year-old Jersey in calf heifers, when 80 head were offered to a large attendance ot buyers, and a very satisfactory sale resulted. Prices realised ranged up tc £l4 10s. for the choicest heifers, whih. £lO to £ll 15s. was paid for auite> a num her of the best sorts, and the bf 16 .a\ei aged £9 Bs. all over. Mr. Corbett s dam herd was also disposed of at the same sale, and sold at up to £8 10s On July 9, in conjunction with R. P. Mor»’ssey and Co., we he.d clearing sale on behalf °’ }[ • ' h j Stuart, Turuturu Road, who has sold his farm. There was a very good at tendance of buyers, with the result that h°n 8 ’ to £lO 10° to £37 All the implements and sundries met with ready sale.

MASTERTON EGG-LAYING COMPETITION \ LAST WEEK'S RESULTS. “Dominion” Special. Masterton, July 12. Following are the results for the fourteenth week in the Masterton Poultry Club’s second annual egg-laying competition ; — ‘ SINGLE TEST. White Leghorns.

WOOL SALES AND EXPORTS TOTALS FOE JUNE. Sales of wool in New Zealand during June were as under, according to returns compiled by Messrs. Dalgety and

For the corresponding twelve months last year 521,634 bales were offered, and 454,456 EOld. Exports of wool during June were:— Corre-

TALLOW EXPORTS Exports of tallow to the United King* dom and Continent from New Zealand during Jun» were:— Corre-

LONDON MARKETS

HIGH . COMMISSIONER’S CABLED REPORT The Department of Agriculture has received the following cablegram, dated July 10, from the High Commissioner for New Zealand, London: — Butter. Slow. Official quotations are:— New Zealand.—Finest salted and unsalted: July 10, 1725. per cwt. (Is. 6Jd. per lb.); July 3,168 s. to 170 s. per cwt. (Is. 6d. to Is. 6Jd. per lb.). Other qualities: July 10, 161 s. per cwt. (Is. sld. pcr lb.). Australian. —Salted: July 10, 1665. to 168 s. up to 170 s. per cwt. (Is. 5Jd., Is. Gd., to Is. 6s<l. per lb.); July 3, 1665. to 170 s. per cwt. (Is. s|d. to Is. 6{d. per lb. Other qualities: July 10, 1365. to 158 s. per cwt. (Is. 2)d. to Is. 4Jd. per lb.). Argentine.—Unsalted: July 10, 1545. to 158 s. per cwt. (Is. 4-1-d. to Is. 4jd. pcr lb.); July 3, 1545. to iGOs. per cwt. (Is. 4Jd, to Is. sd. per lb.). Other qualities : July 10, 1445. to 1525. per cwt. (Is. 3pl. to Is. 4jd. per lb.). Danish.—July 10, 1725. to 1735. per cwt. (Is. GJd. per lb.); July. 3, 1725. to 1735. per cwt. (Is. 6Jd. per lb.). Irish.—Creamery: July 10, 160 s. to 1645. per cwt. (Is. 3d. to Is. 5; a d. per lb.). Unsalted: July 10, 1665. to 168 s. per cwt. (Is. sid. to Is. 6a. per lb.); Ju 5 3, 1645. to IGSs. per cwt. (Is. s£d. to Is. 6d. per lb.). Factory: July 10, 1365. to 140 s. per cwt. (Is. 2ld. tc• Is. 3d. per lb ) Siberian. —July 10, 140 s. to 148 s. per cwt. (Is. 3d. to Is. SJd. per lb.). Cheese. Market quiet. Official quotations arc: English—Finest farmers: July 10, unC^Canad'ian.— Finest coloured: July 10, 88s. to 90s. per cwt. (9£d. to 9- a d. per lb.); July 3. 88s. to 90s. per cwt. (9Jd. to 9Jd. per lb.). White- July 10, 90s to 925. per cwt. (9£d. to 9i}d. per lb?) 5 July 3. SBs. to 91s. per cwt. (Old. to 9 2 d. per New Zealand. —Coloured: July 10, 87s. to 88s. per cwt. (9Jd. per lb.); July 3, 88s. to 90s. per cwt. (9ld. to 9-Jd. pcr lb.). White: July 10, 90s. to 925. per cwt. (91d. to 9Jd. per lb.); July 3,89 s. to 91s. per cwt. (9£d. to 9:d. per lb.). Australian. —Coloured: July 10, 86s. per cwt. (Old. per lb.). Estimated stocks of cheese on hand July 1, London, Liverpool, and Bristol, Canadian and American, 55,600 boxes; New Zealand and Australian. 58,050 crates, against 53,300 and 01,-i() same time last year. Shipments of New Zealand produce arrived this week per s.s. Romuera and Mahitt. Casein and Tallow. Casein.—French rennet, £55 to £O9; New Zealand, £GI 14s-; Argentine lactic, £65 10s.; French lactic, £64 14s. Tallow.—Demand is moderate. Prices same as last quotations. Apples. Slow trade generally. Mahia ship ment in good condition. Prices: Winter Cole, 9s. half-case; Winter Nelis, Bs. to 9s. per tray. Apples, all varieties, Bs. to 10s. per case. Liverpool prices, Huntingdon and Port Hobart, Sturmer, ss. Gd. to Bs. 9d. per case; Delicious, 7s. 6d. to 9s. 6d. per case; Statesman, Gs. to Bs. per case; Rokewood, 7s. to Bs. 6d. per case. Hemp and Wool. Hemp—Manila market quiet, but steady. “J” grade, July-September shipments, quoted £34 4s. Output January 1 to June 30, 650,000 bales, against 599,000 same period last year. Stocks in Atanila June 30, 204,000, against 178,000. Great Britain, 27/159, against 29,572. Sisal market steady. Business has been done in Tanganyika No. 1 afloat, £43. New Zealand, market quiet. Highpoints, July-September shipments, quoted £36; fair, £33 15s. value. ■Wool—Bradford business is much restricted, but quotations being maintained. Present quotations are for tops: 61’s warp (merino), 4s. to 4s. Id. per lb.; Gl’s (average), 3s. lOd. to 3s. lid. per lb.); 56’s (super halfbred), 2s. 7d. per lb.; 50’s (fine crossbred), 2s. OJ.I. per lb.; 40’s (prepared), Is. per lb. OTHER ADVICES The Bank of New Zealand, produce department, has received the following advice from its London office, under date July 9: — Butter.—Quiet; 170 s. per cwt. Cheese.—Slow. White, 90s. to 925. per cwt.; coloured, 86s. to 88s. per cwt. Frozen Meat.—The market for wethers is inclined to become firmer. Ewes are • firm, but there is little business doing. The market for lamb is depressed owing to coal strike, and plentiful supplies home killed. Wethers, light, 6d. to 7d. per lb.; wethers, heavy. 4Sd. to sjd. per lb.; ewes, 3Jd. to sd. per lb.; lambs, 2’s, 9d to 91d. per lb.; B’s, Bid. to 9d. per lb’; 4’s,” Bd. to BJd. per lb.; seconds, B’jd. to 83d. per lb. The New Zealand Producers’ Co-opera-tive Marketing Association’s weekly cabled report from London, dated July 9, is as follows: — Butter.—Market slow. New Zealand salted, 168 s. to 1705.; seconds, 160 s. to 1625.; unsalted, 170 s. to 1725.; Australian, IGGs. to 1705.; Argentine, 1445. to 1585.; Irish, 160 s. to 1685.; Danish. 1725.; Dutch, 1525. to 1645.; French, 1605._ tfl IGGs.; Esthonian, 1555. to 1625.; Latvian, 1525. to 1585.; Siberion, 140 s. to 1485.; Lithuanian, 1525. to 15Gs. Cheese. —Market weak. Now Zealand white, 90s. to 915.; coloured. S6s. to 875.; Australian, 865.; Canadian, 88s. to 90s. Messrs. Joseph Nathan and Co., Ltd., have received ths following cablegram from their London house, under date July 10;—New Zealand butter, 1705.; white cheese, 905.; coloured cheese, 865.; market very weak. WHOLESALE PRODUCE PRICES Messrs. Laery and Co., Ltd., report wholesale values as follow: Mixed fowl feed, Gs. 6d. to 6s. 9d. per bushel, sacks in; linseed meal, 165.; linseed nuts, 14e, per 1001 b. bag; linseed (whole), 20s. 6d. per cwt.; meatmeal,. for poultry, 13s. per cwt.; oyster or pipi shell grit, fivebag lots or over ss. 9d., lesser lots 6s. per 1001 b. bag; oats, machine-dressed seed Algerians 6s. 6d„ farmers’ dressed seed Algerians ss. Bd., feed Algerians •Is. lid., Dunns ss. 9d. to Gs., Gartons 4s. 3d. to ss. 4d., crushed black oats ss. Gd. per bushel, sacks in; shelled oats, for chickens, 6s. Gd. per bushel, sacks in; South African maize, whole 7s. 6d., crushed Bs.; barley, feed ss. 9d„ seed Gs. per bushel; rye corn, five-sack lots or over Gs. 8d„ single sacks 6s. 10d., sacks in; partridge peas, Bs.; feed peas, 7s. 6d.; Prussian blue, 10s. pcr bushel, sacks in; wheat, milling, Gs. 3d. per bushel, sacks in; wheatmeal, feed, ton lots. £l5 7s. Gd. per ton; eggs, firstgrade new laid 2s. 3d., storekeepers 2s. 2d.; butter, prime farmers’ separator Is *4d. to Is. sd„ dairy pats and bulk Isi 4d. to Is. Gd.; turkeys, Is. 3d. to Is. sd. per lb.; ducks. Runners, young, 10s. to' 125., Large White 12s. to Its., old 7s. Gd. to 10s. per pair; fowls. White Leghorns 4s. Gd. to ss. 6d., Black Orpingtons and similar heavy varieties Gs. Gd. to Bs. Gd. per pair; roosters, White Leghorns 6s. Gd. to Bs., heavy breed, young, Bs. to 10s. per pair; fungus, New Zealand, 9d. to lOd. per lb.; dressed pork, RO’s to 90’s, 7d. to Bd. per lb.; sucking pigs, 7’d. to 84d. per lb.; farro food, half-ton lots J2lO 155., lesser lots Ils. 3d.; sucrosine, half-ton lots £l2, lesser lots 12s. Gd.: Blenheim chaff, prime good bright £lO 55., good heavy £9 155., Australian wheaten £l3 per ton ■ net, sacks in; cow chaff, ton lots £B, sack lots 7s. per sack; rock salt, Gs. Gd. per bug; mutton birds, in casks of 450 Gil. per bird, in kits cooked or salted Hid. pcr bird; molasses, in casks 40s. per cask, in cwt. cases Bs. Gd. per case; bran, half-ton lots or over. £lO per ton; pollard, hnlf-ton lots or over, £ll 10s.; barley pollard, half-ton lots or oven £lO 10s„ lessor lots 11s.; granulated charcoal, 11s. 9d. per hats; basic sin- £5 15s. per ton, less discounts; potatoes, ton lots, Canterbury £7 10s. to £8 North Island £G per ton; early seed potatoes, ton lots, Arran Chief £l7, Gamekeepers £7 10s, all South Island grown; onions, ffoitil' . i-'tG .to

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the morning call yesterday a sale of 4} pei- cent, stocks (1938) at £96 17s. Gd. was reported. At the afternoon call the sales reported were 4J- per cent, stocks (1938) at £96 17s. 6d„ and per cent, bonds (193.9)- at £96 15s. there was a very moderate demand for stocks and shares. The 4-J per cents, were in demand at £96 12s. Gd., the 5 per cents, at £9B 12s 6d., and the 5$ per cents, at £99 10s. Bank .shares were very cjuiet. There were bids of £6 15s. ex dividend for National Bank shares, and 595. Gd. for Western Australian Bank sellers quoted 625. Gd. for Bank of New Zealand shares and £l5 10s. for Union Bank shares. Shares of financial companies were steady with buyers of Goldsbrough Mort and Co. at 4Ss., Equitable Building at £8 ISs. Gd., N.Z. Guarantee Corjx>ration ordinary at 9s. 10d., and Wellington Investment at 10s. 6d. cum dividend, Gear Meat shares were in demand at 38s. Shipping shares were firm with bid of 445. Gd. for Huddart Parker, ordinary, 20s. 9d. for the same company’s preference shares, and 20s. for Union Steam preference. Kelburn Tramway ordinary shares were firm at 245. 9d. Coal, Woollen, Timber and Brewery shares w-ere quiet with no declared buyers. There were buyers of British Tobacco shares at 51s. 9d. Henry Jones Co-op. at 475. 3d., Wairarapa. Farmers, £5 paid, at £4 2s. 6d„ and Wilson’s Cement at 345. 3d. Yesterday’s buying and selling quotations wore as under: —

SALES IN OTHER CENTRES Bt TUHGUIWI. ' Christchurch, July 12. Salos reported: Bank of Adelaide, £8 18s. Gd.; Canterbury Frozen Meat, 55.; Christchurch Gas, 255.; New Refrigerating (contr.), Bs. 4d.; Tobacco, 525.; Electrolytic Zinc (ord.), 35s 5d Sales': Bank of Victoria (ord.), £8 155.; Goldsbrough Mort. 48s. I<L I 'L'l 80 ?? Cement, 345. Cd.; Kauri Timber, 3oS. 7d. (two parcels); Kawarau, 7s. 2d. Dunedin, July !-• Sales: New Zealand Express (ord.), 21s. 9<l Sale reported: Molyneux Electric. 21s. 6d. Auckland, July 21. Sales: Bank of New Zealand, 625.; New Zealand Insurance, 435.; Lewis R. ~t ad - v ’ 7 per cent. B preference, 20s. 3d.; Taranaki Oil. 135.; Union Oil, Soap, and Candle, 41s. 9d.; Alburnia, 4s. Cd.; Moanataiari (cnn.). 2s. 3d.; Lucky Shot (con.), Is. 2d.; Waihi, 19s. Gd. NATIONAL MUTUAL LIFE At the half-yearly meeting of policyholders of the National Mutual Life Association held in Melbourne on J uno 30 no statement of accounts was submitted, but the chairman, Mr. E. Trenchard, said that since the issue of the last report the business of the association had continued to make satisfactory progress. A large amount of new business had been transacted, and the funds of the association were fully invested at current rates of interest. BUTTER AND CHEESE The colonial butter trade is said to be lifeless, but there ie rather more inquiry for finest New Zealand, for w,hich the quotation is 170 s. Secondary and in-

ferior sorts are difficult of sale owing to low prices of Continental and lack of demand. The quantity of butter in store in New Zealand at the close of last month was G 255 tons, as against 8992 tons at the end of. May, so that a fair quantity was shipped during June. Writing in respect of the situation during the recent strike in Britain, Messrs. Dalgety and Co., in their Dairy Produce Circular of May 31, say: "In order to prevent needless and panicky advances consequent upon the difficulty of obtaining goods, and also to allay uneasiness on the part of the public, it was agreed by the importers, wholesale houses and retailers to stabilise prices as far as possible. Importers and agents of the London Provision Exchange a-reed, by arrangement with the Board of Trade, that until further notice the maximum prices to be charged for bacon, hams, lard, butter, and cheese should not be above the highest prices ouoted by the Exchange on Friday, April 30.’’ The imports of butter into the United Kingdom for the four mouths to April 30 totalled 2,108,517 cwt., as compared with 2,276,458 cwt. in the corresponding term of last vear, showing a decrease of lG7,G4lcwt. The imports from New Zealand during the first four months of the current year amounted to 609,918 cwt., from Denmark 605,029, and from Australia 427,873 cwt. New Zealand and Australia show shrinkages, but there is an appreciable increase from Denmark. NEW ZEALAND APPLES IN ENGLAND. London, July 9. At the apple sales in London New Zealand Sturmers brought Bs. to 9s. 6d. a case, Delicious 7s. to Bs. Gd. At Liverpool, New Zealand Sturmers brought 6s. to 7s. Gd.; Delicious, 7s. to 95.; Statesman, Gs. 3d. to Bs. 6d.; and Rokewood, 7s. to 10s. CUSTOMS REVENUE. The Customs revenue collected a,t the port of Wellington yesterday totalled £4974.

S. A. Butterfield Weight. Week oz. dr. Tl. . 7 . 5 5 14 12 77 75 73 F. Shearman 10 2 E. J. Wing 10 1 G. Masters, No. 2 .. 4 9 10 71 J. Bradburv, No. 2 . 5 10 14 09 C. H. Robbins .. 5 9 14 69 J. Bradbury, No. 1 .... .. 5 10 8 68 R. K. McDonell .. 4 8 10 67 A. A. Hoare . 3 6 3 65 G. W. Sellar, No. 2 ... . 6 12 14 56 H. Leger . 5 10 14 52 G. Masters, No. 1 . 5 10 8 51 L. B. Maunsell (m) ... . — 49 A. G. Mumby .. 1 2 0 38 W. Spence .. 4 8 2 29 G. W. Sellar (m) .. 19 Heavy Breeds. L. A. Wadham. B.O. ... 7 12 10 90 Mrs. Ross, B.O .. 5 10 8 80 P. Bailey, R.I.R., 3 .. 6 11 1 74 P. Bailev, R.I.R., 2 .. .. 5 9 15 70 P. Bailev, R.I.R., 1 . . 5 10 4 68 Whiteman, B.O . 4 7 14 07 O. Nation, B.O _— 03 R. S. Seddon, B.O .. — 59 L. A. Wadham, B.O. 2 . — — 7 96 TEAMS TEST. White Leghorns. E. W. Tooby 5 10 5 1506 74 3 6 7 G7 4 8 4 61 L. B. Maunsell . 3 6 2 202 69 5 10 4 68 49 W. Spence 2 4 14 186 50 5 5 10 15 10 6 65 66 F. S. Allen .. 4 8 8 181 61 2 3 4 4 6 4 49 55 A. A. Hoare 2 4 2 165 41 3 4 6 6 8 2 63 43 E. A. Tozer .. 4 8 2 147 34 4 9 l 0 62 Mrs. L. G. Payne .. 8 6 8 99 30 ** 5 3 9 12 6 15 39 28 Heavy Breeds. P. Bailey, R.I.R 4 5 8 1 # 9 97 73 66 *• 5 8 9 70 F. Taylor, B.O — .. 6 11 13 209 59 69 78 »> 4 7 5 J. H. Kissling, R.I.R. .. 4 6 9 5 12 13 206 59 63 2 4 5 52 Totals —• 105 — 174 166G

Company:— Total June, 1926. tor 12 months. Offered Sold Offered Sold Bales. Bales. Invercargill .. — — 24.982 35,832 Dunedin — — 68,062 66,014 Timaru 7 7 29,234 .28,536 Christchurch ... 46 114* 76,201 73,013 Blenheim 12 12 163 140 Wellington — — 110,908 103,906 Wanganui — — 63,070 54,677 Napier - — — 99,005 90,821 Gisborne .... 349 279 3,960 3,333 Auckland 177 177 44,121 40,622 591 589 619,616 484,883

spending Total 12 for 12 months, months. . 1925. Bates. Bales. Bales. Invercargill .. 3,238 34,806 31,040 Dunedin ... 2,223 62,484 55,574 Oamaru ...... .. 998 3,747 2,460 Timaru ... 2,054 38,480 30,046 Christchurch — .. 2,819 97,426 90,889 Blenheim - — 3,881 3,744 Nelson — .... 72 886 784 Wellington .. 2,716 131,646 125,727 Wanganui ... 4,427 62,664 51,624 New Plymouth. 1,378 802 Wai: ar a .. 150 Nanier, Wairoa ... 895 102,722 96,144 Gisborne, Toko27,828 33,545 maru Bay .. 1,082 Hicks Bay, Whakatane Auckland, Opua . ... 907 49,334 87 44,202 21,586 617,282 566,698

sponding Total 12 for 12 months, months. 1925. Tone. Tons. Tons. Invercargill .. 364 1,531 936 Dunedin — .. 310 1,173 1,060 Oama.ru .. 31 238 337 Timaru •• .. 101 1.487 956 Christchurch .. 252 3,552 2,946 Blenheim — — 145 167 Nelson ... 12 113 149 Wellington ... 433 4.607 4,666 Wanganui .. 316 1,680 1,436 New Plymouth, Wait.ara .. 82 893 673 Napier, Wairoa . 84 2,021 2,801 Gisborne, Tokomaru Bay, and 1,035 Hicks Bay ... 89 1,454 Whakatane .. — —— 79 Auckland, Opua . ... 533 2.987 2.999 ■ . - 2,407 21,462 20,659 Salos of tallow in New Zealand during Juno totalled 113 tons.

N.Z. GOVT. LOANS- £ s. d. Buyers. £ s. d. £ b. d Sellers. £ s. d. 4i p.c. Insc. Stock, 1929 96 12 6 97 0 0 p.c. Insc. Stock, 1938 96 12 6 96 17 6 5k p.c. Insc. Stock, 1933 99 10 0 — 4% p.c. Bonds, 1930 97 10 0 —— 5£ p.c. Bonds, 1933 99 12 6 — 5 p.c. P.O. Insc. Stock, 1929 — 98 2 <5 5 n.c. Insc. Stock, 1927 98 12 6 98 17 6 BANKSNational . 6 15 0 x —— New Zealand — 3 2 6 Union of Aust •— 15 10 0 Western Australian .... — 3 0 6 FINANCIALAbraham and Williams (ord.; —■ 4 1 0 Goldshrough. Wort 2 8 0 —— Equitable Building 8 18 6 N.Z. Guarantee Corp. (ord. 8s.) 0 9 LO Wertn. Invest (cum.) 0 10 6 INSURANCENational — 4 5 0 MEAT PRESERVINGGear 1 18 0 — TRANSPORT-Huddart-Farker (ord.) 2 4 6 2 5 0 Do., (pref.) 1 0 9 Union Steam (pref.) ... 1 0 0 Kelb and Karori Tramwav (ord.) - 1 4 9 — COAInWestnort — 116 3 TIMBER0 17 6 Nat ion al BP EWERTES— 9 19 N.Z. Breweries ...... — 3‘ MISCELLANEOUS— British Tobacco (Aust.) 2 11 9 — Henry Jones Co.-op. ... 2 7 3 Howard Smith —— 1,13 <» Taranaki Oil Fields .— — 0 13 9 Wnirarapa Farmers' (£5) 1 14 Wilson’s Cement 1 14 3 8