FARM & COMMERCIAL

Dominion, Volume 19, Issue 257, 14 July 1926, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. Rialto Buildings, Manners Street, 9.30 a.m.—Sale of Irish linens (E. Johnston and Co.). Himatangi. 1 p.m.—Stock sale (New Zealand Loan and Mercantile Agency). Ground E’loor, 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, n 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.). TO-MORROW. Druids' Hall. Martin, 2.30 p.m.—Sale of lease, Education Reserve, between Marton and Bonny Glen (Commissioner of Crown Lands). Flygcr’s Line, Palmerston North —Sale of 130 Jersey cows (New Zealand I.oan and Mercantile Agency). Shed 39 Winter Show, 2 p.m.—Stock sale (Dalgety and Co.). Waikanae —Stock sale. FRIDAY. Town Hall, Feathertson, 1.30 p.m.—Sale of dairying and fattening land (Dalgety and Co.). «. N.Z Insurance Buildings, Queen Street. Auckland, 12 noon—Sale of barque “Guv C. Goss” (C. F. Bonnett). 8 Willeston Street, 1.30 p.m.—Sale of carpets (E. Johnston and Co.). Rialto Buildings. 2.30 p.m.; Saturday, 10.30 a.m—Sale of crockery, drapery, leather goods, etc. (M. Corn and B. Livingston). Feilding, 11.30 a.m.— Stock sale. HANDLING MEAT BRITAIN BEHIND THE TIMES. London, July 12. “If what we have just heard in the paper dealing with the hand mg of meat in the typical provincial English city is true, then Britain is a century behind the time,” declared Mr. Vogwell, of Sydney, speaking at th« Sanitary Congress. Other Australians supported the view, and delegates aso agreed with tho Australian's view that no meat should bo ki’led without official inspection. Small private abattoirs should not be permitted, and food inspectors should be armed with fuller powers.— Aus.-N.Z. Cable Assn. DAIRY PRODUCE MARKET The secretary of the New Zealand Dairy Produce Board advises having received the following cablegram from the London office of the board, dated New Zealand, 1705.; Australian, 1685., nominal; Irish, 158 s. to 1695.} Argentine, 150 s. to 1585.; Dutch, 1565. to 1605.; Latvian, 1545. to 1615.; Esthonian, 1545. to 1645.; Siberian, 140 s to 1485.; Danish, 170 s. to l<2s. All spot. Market quiet, fairly steady. Importers' Association estimate all butters cold stored end June 22,500 tons Retail, New Zealand Is. Bd.. Danish Is. 9t1.: manv retailers selling both Is. 9d. Cheese: New Zealand white, 91s„ coloured S6s. to 875., market weak; Canadian, S6s. „,, , , From the Montreal agent of the board, dated July 10: All United States and Canadian butter markets declining. Expect further Canadian decline to London basis. New York. 40 cents; Montreal 33’ t cents.; Vancouver, 34 cents. Messrs. A. 11. Turnbull and Co. have received a cablegram from their principals, Messrs. W. Wcddel and Co., Ltd., dated London. July 10, reading as follows (last week’s prices in parentheses):—Butter: Danish, 1725. to 1735. (1725. to 1735.): New Zealand, nnsalted 170 s. to 1725. (168 s. to 1725.), salted 170 s. to 1725. (168 s. io 1725.): market slow. Cheese: White, 90s. to 925. (89s. to 915.); coloured. 87s. to 88s. (88s. to 905.); market quiet; Canadian, white 90s. to 925. (88s. to 915.), coloured 88s. to 90s. (88s. to 905.).

CANTERBURY POTATO MARKET Bi Tzlegbath.—PuEss Association Christchurch, July 13. The potato market is quieter this week. On Saturday a good deal of Sydney business was transacted at up to fib 10s. for August-September delivery, the operations of several sellers covering from 600 to 700 tons. Coastal business for the same months has been transacted on the basis of £B, and for prompt £7 2s. 6d. The Kaitoke is due to sail to-morrow for Timaru and Oamaru to conclude her loading for Sydney. There are up to 25,000 sacks in store at Lyttelton, and it is considered that the Kaitoke will lift half of these. However, it is unlikely that she will take the cuantity from New Zealand previously estimated, namely, 20,000 sacks. The Wingatui picked up no potatoes from Lyttelton for the north, and the Kurow, due to sail to-morrow, will load from 3000 to 4000. The supplies going to the north this month have been light. Business with farmers at the prices offering is at a standstill, one merchant expressing it as his opinion that sales from the farm so far this month represent little more than 50,000 sacks. There is not a great deal of digging to lie done now, ana pitting is the general policy at present, BRADFORD WOOL MARKET (Rec. July 13, 8.50 p.m.) London, July 12. The Bradford wool market is very quiet, with no business, the London sales being awaited. Crossbreds are very slack. —Aus.-N.Z. Cable Assn.

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the afternoon call yesterday sales were reported of Bank of _New South Wales shares at £45, and New Zealand Guarantee Corporation ordinary shares at 10s. Government stocks and bonds were in fair demand. The 5 per cents, were unchanged at .£9B 10s., but the 51 per cents, were ss. higher at <£99 15s. Wellington Gas Company’s debentures were firm at .£lOO, and New Zealand Breweries 10 per cent, bonds were wanted at 265. Bank shares were in better demand. There were buyers of Bank of New Zealand shares at 61s. 9d„ Union Bank at £l5 Bs. 6d., Western Australian Bank at 595. 6d., English Scottish and Australian at £8 Is., National Bank of New Zealand at £6 15s„ and P- and O. Banking Corporation at £9 10s. Sellers quoted £l4 10s. 6d. for Bank of Australasia shares. Building and investment companies’ shares were in good demand. There were bids of £8 18s. for Equitable Building, £6 3s. for Wellington Trust and Loan, Bs. 9d. for New Zealand Investment, 10s. 6d. for Wellington Investment, and 9s. 3d, for Wellington Deposit. Gas shares were steady, with buyers of Christchurch Gas at 245. 9d., anil Wellington Gas ordinary at 275. 3d. National Insurance shares were wanted at 83s. 6d., and there was a bid of 1 38 s. for Gear Meat shares. Transport shares were steady and unchanged. There were offers of 445. 9d. for Hud-dart-Parker ordinary, 20s. Id. for Union Steam preference shares, and 245. 9d. for Kelburne Tramway ordinary. Wellington Woollen preference shares were steady at £6 9s. 6d. There were buyers of Staples and Co. Brewery shares at 38s. 3d., Ward and Co. at 415., British Tobacco' at 51s. 9d., Dona ghy’s Rope and Twine at. 325.. Electrolytic Zinc preference at 355., Henry Jones Co-op at 475. 6d.. Howard Smith at 325., New Zealand Milk Products at 315., Taranaki Oil at 12s. 9d., Wairarapa Farmers’, £5 paid, at £4 2s. 6d„ and Wilson’s Cement at 345. Sd. Yesterday’s buying and selling quotations were as follow: — Buyers. Sellers.

SALES IN OTHER CENTRES BY T’EtEGBAFH.— I’BESS ASSOCIATION. Auckland. July 13. Sales: Bank ot New Zealand, (12s. 3d.; Auckland Gas (con.). 125.: National Timber 175.; Taranaki Oil, 12s. 9d., 12s. 7d.; Alburnia, 4s. 5d., 4s. 6d.; Kawarau. 7s. 3d.; Lucky Shot (con.). Is. Id. Dunedin, July 13. Sales: Kawarau, 7s. Id. (two parcels).

ENGLISH WHEAT MARKETS (Rec. July 13, 8.15 pan, London, July 12. Wheat cargoes are featureless. Parcels are in small request at late ratee. Liverpool futures: July, 11s. 7d. : October. 10s. B<J.: December, 10s. 0 3-B<l. CUSTOMS REVENUE. The Customs revenue collected yestm--dav at the port of Wellington totalled £4140.

PRICES OF METALS. (Rcc. July 13, 8.50 p.m.) London, July 12. Copper.—On spot, £57 18s. 9d. per ton; forward delivei-y, £5B 13s. 9d. Lead.—£3l 3s. 9d. in both positions. Spelter.—£34 6s. 3d. and £34 Bs. 9d. Tin—£277 6s. 3d. and £277 Is. 3d. Silver.—Standard, 30d. per ounce; 32 3-Bd. CHICAGO WHEAT QUOTATIONS Chicago, July 12. Wheat quotations: J uly, 1 dollar 38 5-8 cents per bushel; September, 1 dollar 36J cents; December, 1 dollar 40 cents. EXCHANGE RATES. (Rcc. July 13, 8.50 p.m.) London, July* 12. Foreign rates of exchange on July 12, as compared with par rates, or as aver-

N.Z. GOVT. LOANS— £ B. (]. £ s. d. 4J p.c. Ins. Stk., 1939 — 9G 17 6 4* p.c. ditto, 1938 .... — 9G 17 6 5j n.c. ditto, 1933 .... 99 12 c —— 5} p.c. ditto, 1930 .... —. 99 17 6 4i p.c. Bonds. 1930 .. 97 10 0 — 5J p.c. ditto, 1933 .... 99 15 0 ——’ 5J p.c. ditto. 1930 .... — 98 10 0 5 p.c. P.O. Ins. Stk., 1029 —— 98 2 fl Ditto, 1927 9$ 10 n 99 0 0 5 p.c. P.O. Bond?, 192i 98 15 0 —— DEBENTURES— Wellington Gas 100 0 0 — N.Z. Breweries (bonds) 1 fl 0 1 6 fl BANKS— Australasia —- 14 10 6 English, Scottish, and Australian ........ 8 1 0 ■— National of N.Z 6 15 0 — New Zealand 3 1 9 3 2 3 P. and O. Banking Corp 9 10 0 Union of Aust 15 8 6 ■— Western Australian 19 6 3 0 3 FINANCIAL— Equitable Building .. 8 18 0 — N.Z. Guarantee Corp. (ord., 8s.) 0 9 10 N.Z. Invest., Mortgage, and Deposit 0 8 9 Well. Investment .... 0 10 G — Well. Trust, Loan ... c. J* 0 ■ ■ * Well. Deposit & Mortg. 0 9 3 — GAS— Christchurch 1 4 9 ■ Gisborne — 3 0 12 0 Wellington (ord.) .. INSURANCE— 1 7 — National 4 3 8 4 5 0 MEAT PRESERVING— Goar * 1 lo 0 TRANSPORT— Iluddart-Parker (ord.) 2 4 9 t 8 3 Union Steam (pref.).. 1 0 1 Kolb. & Karort Tram. (ord.) 1 4 9 —— WOOLLEN— Wellington (pref.) .. Ditto (.£4) 6 0 6 5 7 0 BREWERIES— N.Z. Breweries —■ 3 2 19 3 Staples and Co 1 IS 2 0 0 Ward nnd Co 1 0 —— MISCELLANEOUS— 6 C. M. Banks (ord.) ... 1 British Tobacco (Aust.), (ord.) 11 9 Donaghy’s Hope and Twine 1 12 (i Electrolytic Zine (pref.) 1 15 0 — Henry Jones Co-op. .. — —- Howard Smith 1 12 0 1 13 0 National Electric .... —— 1 0 0 N.Z. Milk Products .. 1 11 0 — Taranaki Oil Fields .. 0 12 9 0 13 6 Wairarapa Farmers’ (£5) 4 c — Ditto (£1) — 0 16 6 Ditto (pref.) 0 1G fi — Well. Queen's Theatre Wilson’s Cement .... 0 1G 6 —— 1 14 8 MINING— — 0 7 8

aced first half of 1014, are as follow;-— New York, dols. July 12. July 8. Par. to £1 4.8G 5-16 4.86J 4.866 Montreal, dols. to £1 4.858 4.86J 4.S66 Paris, francs to £1 196.25 189.5 25.224 Brussels, francs to £1 235.50 200.5 25.22J Amsterdam, florins to £1 12.10 12.118 12.107 Stockholm, knr. to £1 18.15 18.14 18.12 Oslo, knr. to £1 22.16 22 22 18.12 Copenhagen, knr. to £1 18.34' 18.35 18.12 Berlin. Reichsmark to £1 .. 20.42 20.43 — Rome, lire to £1 144.25 147.25 25.228 Yokohama, pence to yen 23 J 238 24.48 Calcutta, pence to rupee 171 178 24 JEIong-Kong, pence to dol 278 27i 24 Batavia, florins to £1 12.04 12.05 —