FARM & COMMERCIAL

Dominion, Volume 20, Issue 17, 15 October 1926, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. Feilding—Stock sale. S Willeston Street, 1 p.m.—Sale of .£lOOO worth of carpets <E. Johnston and Co.). 173 Cuba Street, 2 p.m.—Sale of contents of Dustin’s tearooms (T. C. Dawe). TO-MORROW. 31 Kilbirnie Crescent, 2 p.m.—Sale of household furniture (R. Wilson and Co.). FARMING INTERESTS MASTERTON A. AND P. ASSOCIATION . GENERAL COMMITTEE MEETING. Dominion Special. Masterton, October 14. The monthly meeting of the general committee of the Masterton A. and P. Association was held yesterday, Mr. G. H. Perry presiding. Information was received from the Masterton County Council to the effect that the forming and metalling of Solway Road, which gives access to the showgrounds from the south, would bo carried out with certain modifications. Advice was received from the Railway Board, in response to a request from the association, that in addition to the general issue, tickets at excursion rates would also be issued to exhibitors and attendants in charge of live stock exhibits travelling from North Island stations outside the' area covered by the general issue, to attend the forthcoming Masterton Show. Messrs. W. M. Webster and S. Fletcher wrote accepting the office of hon. veterinary surgeons. The Shorthorn Society of New Zealand wrote offering a shield to the Masterton Association for the champion Shorthorn bull nt the next Masterton Show, on the condition that the bull is registered in the New Zealand Shorthorn herd-book.— The offer was accepted with thanks. The Otago A. and P. Association wrote asking if the association had any definite ruling as to whether the owner of an animal at the date of mating or at the date of foaling or calving,, should be considered the breeder. There was considerable diversity cf opinion on this matter, and it was decided on a division by thirteen votes to nine that the Masterton Association ruling was that the owner at the time of birth was the breeder. Osmond and Son. Wellington, were accorded a vote of thanks for the offer of their usual donation of prizes for the show. Mr. G. F. Moore (Kai Iwi), wrote offering to replace the twenty-five guinea points prize in the Hereford section, which he won outright. The New Zealand Friesian Association advised that a gold medal would be given for most points in the Friesian classes, on the condition that there were at least twenty registered animals entered. Advice was received from the Railway Department that an extension had been made in the regulations governing the transport of stock to shows, to allow owners of exhibits proceeding to shows to combine their exhibits and treat them as one consignment, which would tend to reduce the freight as against the present method of individual consignments. LONDON TALLOW MARKET The Bank of New Zealand, vroduce department. lias received the "oilowing advice from its London office, under date October 13:—Owing to absence of demand, tallow sales will not ba held this week. EGG SHIPMENT Bv s.s. Tonic, leaving for London next week, a shipment is being made of about 1100 cases of eggs. Most of the, shipment was loaded in the South Island. LONDON DAIRY PRODUCE The New Zealand Loan and Mercantile Agency Company. Limited, have received the following cablegram from their London house, under date October 13 (last week’s quotations in parentheses):— Dairy Produce:—Butter: New Zealand choicest, market stagnant; nominal quotation, 140 s. to 1445. per cwt. (150 s. to 1545.); Danish, 1735. (1845.). Cheese: 80s. to 82s. (per cwt (82s. to 845.).. . Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London house, under date October 13:—Butter: Nominal quotation, finest New Zealand salted, 140 s. Position continues dangerous, in view of large stocks and holders pressing sales. STOCK SALES The New Zealand Farmers' Co-operative Distributing Company, Limited, Masterton, report:—Wo held our first spring fair on October 12, when we offered a full yarding of cattle to a good attendance of buyers from all parts <f the Wairarapa. Competition was keen for all lots offered, and prices in most cases exceeded vendors’ reserves. Beef was not in sucli keen demand as anticipated, but store bullocks sold exceptionally well. Prices were: Romney ewes with b.f. lambs at foot, 31s. 6d.; fat shorn wethers, 245. 6(1.; weaner pigs, 15s. 6d. to 245.: fat bullocks. £9 to £l5, according to weight; heavy fat cowb, £8 10s. to £9 2s. 6d.; light fat cows, £6 to £7 10s.; tat heifers, £6 to £8 7s. 6d.; 4-year store bullocks, £B, £8 2s. 6(1.. £8 10s., £9 to £9 175.; 3-year store bullocks, £6, £6 10s., £7 to £7 75.; 2-year steers, £4 155., £5 to £5 65.; yearling steers, £3 165.; store cows, £3 to £5; 2-year heifers, £3 to £3 10s.; yearling heifers, £2 to £2 6s. The New Zealand Loan and Mercantile Agency Company, Limited, report that at the Levin sale on Tuesday, they offered a fair yarding of cattle to a good attendance. Competition was good, and a total clearance was made at the following prices:—Medium fat cows, £6 to £7 155.; forward condition cows, £3 to £4 10s.; store cows. 325. 6d. to £2 10s.; yearling Jersey cross heifers, £2 14s. to £3 165.; yearling S.H. bulls, to £6 10s.; Jersey bulls, £8 10s.; dairy cows, to £5; 10s.: heavy porkers, £3 10s, to £3 18s.; medium porkers, £3 to £3 2s. 6(1.; good stores. .£2 to £2 ss. 6d.; medium stores, IJOh. to 365.; good weauers, 255. to 275. 6d.; medium weaners, 20s. to 225. 6i1.; medium weaners, 14s. 6d. to 16s.

HAWKES BAY SPRING SHOW RECORD ENTRIES. Visitors to Hawke’s Bay during the next week should time their visit to take in the Hawke’s Bay Agricultural and Pastoral Society’s spring show, which is to take place on October 20 and 21, and for which the Railway Department are issuing special .excursion fares. Splendid entries have been received in the competitive classes •nd horse competitions. and 90,000 square’fect has been taken up in motor and trade displays. The show will be held on the society’s magnificent new grounds at. Tomoana, which has been greatly improved since the opening show last year, and every possible thing has been attended to for the comfort and convenience of visitors. PHI LOSOPHICAL SOCIETY CLASSIFICATION OF NEW ZEALAND SOILS. At the meeting of the geological section of the Wellington Philosophical Society held on Wednesday, Mr. M. Ongley in the chair, a paper was read by Mr. H T Ferrar on soil classification and soil surveys. The speaker explained various methods or clr/sifying soils. These were not all equally applicable, for soil surveys were usually undertaken with some special end in view. Illustrations were given, by means of lantern slides ami maps of a few soil surveys in progress in various parts cf the world. The several independent soil surveys being carried out in New Zealand, each with a special end in view, were then described. The. Cawthron Institute is surveying Nelson province, the Department of Agriculture is attacking the problem of iron-starvation of cattle, formerly called bush-sickness. Otago university has carried out an iodine survey m its relation to goitre, and the speaker was engaged in a eoil survey of- irrigation areas in Central Otago. CARRIAGE OF PIGS Bv notice in yesterday's “Gazette” the Railway Department intimates, an amendment in the present regulation governing the carriage of piss. It is to the effect that the Department may decline to extend the benefit, of the reduced rate to consignments of pigs consigned to any person or firm utilising other means of transport than the railway for the carriage of bacon, hams, and other products manufactured from euch pigs when the railway is available for tho tians port of these goods.

FROZEN MEAT MARKET SHIPMENTS FROM NEW ZEALAND.

COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES The following sales were reported at the afternoon call yesterday:—4J iicr cont. bonds at £96 12s. 6d., Bank 4>f Australasia shares at £l4 ss. 6d., National Bank of New Zealand at £7 Is., Staples and Co. brewery shares at 375. 3d. and 375. fid. Government stocks and bonds were in fair demand, with buyers of tho 5 per cents, at £9B los„ and the 55 per cents, at £lOO ss. IV rcllington Racing Club debentures were in demand at £lofi, Bank shares were slow but firm. There were bids of £l4 2s. 6d. for Bank of Australasia shares, £7 os. fid. for National Bank of N.Z., and 60s. 9<l. for Bank of New Zealand shares, ex rights. Sellers quoted 6s. 10(1. for Bank of New Zealand rights, £45 10s. for Bank of New South Wales, £l5 ss. for Union Bank, and 575. 9(1. for Western Australian Bank. Metropolitan Building Society shares were in demand at £l3, and Wellington Deposit at 9s. lid. Auckland Gas shares were firm at 235. 3d. Insurance shares were steady, with buyers of New Zealand Insurance at 38s. 9d„ and South British insurance at 595. N.Z. Refrigerating shares, 10s. paid, were in demand at fis. Coal shares were firm, and in good demand. There were offers of 235. for Taupiri Coal preference, 3Cs. for Westpojt Coal, and Us. (id. tor Waipa Coal. There were buyers of Staples and Co.’s shares at 375. 3d., Dental and Medical Supply at ICs. 9d„ Electrolytic Zinc, ordinary, at 3fis’. 3d„ and Milburn Limo and Cement at 30s. Yesterday’s buying end selling qnota-

SALES IN OTHER CENTRES BY TELSGBAPn.— (’IIE3S ASSOCIATE' Auckland, October 14. Sales: War Loan (1038), £9B 10s.; New Zealand Insurance, 30s. 3d.; Taupiri, 225. 0d? Waipa. 15s. 3d.; Auckland Gas (contrib), 135.: Northern Steam, 155.; Bartholomew Timber. 225.: Staples and Co., 375. 6d.: New Zealand Farmers’ Fertiliser, 935.; Alburnia, 4s. Bd., 4s. Od., 4s. lOd.; Waihi, 19s. 3d.; Mount Lyell, 285., 28s. Id. Dunedin, October 14. Sale reported: British Tobacco, 51s. IOJd. Christchurch, October 24. Salos reported: Bank of Australasia. £l4 55.; Bank of New South Wales, £45 7s. fid.’; Kawarau, 2s. 6d.; Western Australian Bank, 575. fld. (three parcels); Goldsbrough Mort, 50s. Gd.; Staples Brewery, 375. 6d. (two parcels). Sales: New Zealand Insurance, 305.; Electrolytic Zinc (pref.), 38s. 6d. The attention of investors is directed to the advertisement on page 5, which -gives many interesting details and much information in connection with the prospects of the British Standard Portland Cement, Ltd.—Advt.“ (1) SOUTH OTAGO FREEZING CO. The balance-sheet of the South Otago Freezing Company (Balclutha) for the year ended August 31 last, discloses a. loss of £5918, while in the previous year there was a deficit of £9'll, so that the accumulated deficit amounts to £6859. An equivalent amount is taken from the reserve fund to wipe out this deficiency. The revenue from freezing, etc., amounted to £5869, against £3792, and other items made the gross revenue £5878. General expenses, repairs, and maintenance totalled £5013, insurance, salaries, and office expenses accounted for £3761, interest for £2271. rents and rates £484, bad debts £l4O, and directors’ and auditors’ fees £127. making the total outgo £11,790, and disclosing a loss of £5918. In tho previous year tho loss wasvUMl, but this was owing io certain windfalls, such as surplus on realisation or farm, £1984. and excess of reserve for income tax £OlB. Nothing appears. to have been written-off for depreciation this year, while last year £lOOO was written off In 1924 the company showed a credit balance of £6023, and a dividend was declared which absorved £3995, leaving jjoflSS lo he carried forward. Operations during the past two years have been carried on nt a loss, because cf the smaller number of sheep and lambs treated. The balance-sheet figures, with those for last year in parentheses, are as follow Liabilities: Paid-up capital, .£66,597 (£68,597): calls paid on torfeited slmms, £lOl (£101); sundry creditors, £2144 (£8546); drafts against consignments. £6-1,951 (ml); bank overdraft, £20,652 (£2755); P’ovision for ineomo tax> nil (£300): reserve acount . £l-141 (£l9 ; - 000) Assets: Land and buildings, £4g,/5> (£48,635); plant and gpir (£18,964); stock on hand. £13.114 (£lB- - sundry debtors. £5574 . (£6ooB)advances to owners (without recourse). £77.775 (nil); accrued charges, nil (£.2bS), War Loan, £1650 (£1650): cash on hand, 110 (£3l) Total. £166.589 (£97,292). WELLINGTON SHOW ASSOCIATION A net profit 0f.£3056 was.secured by the Wellington Show Association (in corporated) on the show held during the year and this is disclosed in the balance-sheet for the year ended September 30, just issued. Sundry adjustments on the 1925 accounts yielded a Ser £57, making the credit balance for the year £3113 and the accumulated fund now stands at £<3t«. Hie success of the association has been so consistent that it is warranted m launching out in the direction of securing some sort of a permanent position in which to hold tho annual shows. The statement of accounts disclose that admission money amounted to A-b/J, space rentals brought in £1233, members subscriptions £846, net revenue from riding devices, games, etc., £738, entry fees £94, art union profit £289, donations £127, catalogues. and schedules £33, guessing competition £2, interest £lOO. Total £6396. The . expenses were extensions and alterations to sheds, and erection of stage and stands £lOl6, wages £214, prize money £384, fodder, ate., £ll4, advertising £196, electric light £2OO, entertainment £54, tea-rooms £l9, cartage £56, insurance £5O, general expenses £282, salaries £498, printing and stationery £B3, postages and telegrams £49, donation New Zealand end South Seas Exhibition £25, depreciation £99. Total £3340. Tho assets of the association arc: Cash on deposit £3500, cash in bank £2798, gold at bank £5OO, sundry debtors .£302, outstanding subscriptions £9O. office furniture £l7, tearoom furniture and general equipment £220, office cash £l5. NEW COMPANIES The “Mercantile Gazette" records the registration of the following new companies :— L. M. Silver and Co., Ltd.—Registered as a private company October 6, 1926. Office: Lower Tory Street, Wellington. Capital: £5OOO, into 5000 shares of £1 each Subscribers: Wellington—Winifred L. Silver 2000, 8. T. Silver 2500, C. J. Ralph 500. Objects: To carry on the trade or business of an electrical and mechanical engineer and contractor and general incidental. McMahon's Drivit Urself Co., Ltd.Registered as a private company October 8, 1926. Office: No. 23 Chilka Street. Wellington. Capital: £lOO, into 100 shares of £1 each. Subscribers: Wellington—P. McMahon 99, Marian IV. McMahon 1. Objects: To cany on the business of manufacturers of. dealers in, hirers, repairers, cleaners, Storers, and warehouses of motor-cars, motor-trucks, taxi cabs, and other conveyances of all descriptions and general incidental. Thyne, Meyer and Smith, Ltd.—Registered as a private company October 12, 1926. Office: No. 39 Cuba Street, Wellington. Capital: £5OOO, into 5000 shares of £1 eaeli. Subscribers: Wellington—T. G. Thyne 2000. 11. J. Meyer 2000, V. W. Smith ICOO. Objects: To carry on business as proprietors and publishers of newspapers, journals, magazines, and other literary works and undertakings, and general.McNeill’s Sheepfarniiiig Co.. Ltd.—Registered as a private company September 10, 1926 Capital: £23.970, into 23.970 shares of £1 each. Office: I’aremata, Tolaga Bav. Subscribers: East Coast—J. JI. McNeill 7614 It. McNeill 10.742, Emma Wilson 2238. Isabel Rigby 1738. Mary. Donald 1638 Objects: To carry on business of sheen and dairy farmers, acquire land, stock, implements, etc. Wanganui River Gravel Co.. Ltd.-Regis-tered as a private eomnany October 6. 1926 Oilice: No. 100 Rideway Street. Wanganui. Capital: £6500 into 6500 shares of £t each. Subscribers: Wanesnil;_W A D’Arcv 1000. I). Henderson 1000. A W 'li 'Walpole 6CO. J. Patterson 500, J T Patterson 500. A. D. Thomson 500. IT IT Revell 500. 11. M. Keesine 500. J. A. Thomson 250. W. R. G. Thomson 250, D. J Reardon 500, .1. T. Robertson 500. Obiccts- Tn carry on all or any of the businesses of gravel, sand, cement, wood nnd coal, nil and metal merchants, and general incidental. CALCUTTA TEA SALES. Calcutta, October 13. At the tea sales the market was irregular, and prices generally were six to nine pies lower. Broken Orange Pekoe, common. 13 annas 3 pies; medium, 14 annas; good. 14 annas 6 pies; Broken Pekoe. 12 annas. 12 annas 6 pies, and 13 annas 6 pies; Fannings, It. annas, 12 annas, and 15 annas 6 piex.

AUSTRALIAN PRODUCE MARKETS, dice. October 14, 8.20 p.m.) Sydney, October 14. Tho wheat position is unchanged, and no business is being done. Country stored lots are quoted at ss. 9d. to ss. lOd. per bushel, and 6s. 4d. to 6s. sd. ex trucks Sydney. Millers’ parcels, bagged. 6s. 9d.. bulk 6s. 7d„ on ydney basis. Flour: Nominal; export, £l4 ss. per ton f.0.b.; local. £l5 10s. Oats: lasmanian Algerian. ss. per bushel; white, Ss. to ss. 3d. Maize: Local and South African, 6s. 9<L per bushel. Potatoes: Tasmanian, £l3 to £lB per ton; New Zealand, £ll. Onions: American. £25 per ton. Adelaide, October 14. Wheat: Growers’ lots. 6s. Id. per bushel; parcels, nominally 6s. 41d. Flour: Bakers’ lots, £l5 per ton. Oats: 3s. 4d. per bushel. CUSTOMS REVENUE. The Customs revenue collected at the port of Wellington yesterday totalled £5413. MANAWATU JERSEY SALE . KEEN DEMAND FOE HEIFERS., BY Teleghaph.—Press association. 'Palmerston North, October 17. The fourth Manawatu Jersey show anti sale was held to-day, there being 77 animals from the Manawatu and Hqrowhenua Jersey Clubs. Bulls showing quality were in good demand, but poorer animals were neglected. There was a keen demand for heifers. Mr. It. L. Horn (Levin) had an entry of 16 animals, which averaged £6B apiece. Tho top price for the sale (150 guineas) was obtained for a heifer, Kxiku Countess, bought by Wright, Stephenson and Co. for export., a heifer by the same breeder, Kuku' Nella, was purchased for 97 guineas by Mr. A. J. Smith (Otorohanga), and a bull, Kuku Bright Owl, was bought lw Mr. A. Mitchell (Longbu.cn) for 100 guineas. Mr. J. Smith, jun., obtained the top price for bulls, 107 guineas being paid by Wright, Stephenson and Co.

The New Zealand Meat Producers’ Board renorts the, following shipments of Lamb. 1925. Beef. Mutton. November— London Qrs. .... 45,118 C/cs. 300,671 C/cs. 133.485 W. C’st., U.K. ... 16,651 8,230 1,000 Havre .... 16.651 — — Antwerp 19.572 — December— London W. Cat., U.K. .... 25,373 .... 33,715 120.799 13.776 99.953 2,780 Genoa .... 21,258 — 1926. JanuaryLoudon 53 •41,563 385,419 W. C’st., U.K. .... 3.871 2,257 15,466 February— London 3.862 220.290 448,789 W. C’st., U.K. .... 8,318 ■>2.094 148,518 March— London .... 5,703 117,546 482,519 W. C’st., U.K. ... 900 10.395 83,972 Genoa 2,205 — — April— London W. C’st., U.K. .... 6.573 ... 3.912 i29.84O 3,638 781,236 58,916 MayLondon 5.861 83,696 478,943 W. C’st., U.K. ... 5,964 37,126 290.241 Genoa .... 8,3'77 — — Havre .... 7,688 — — JunoLondon .... 9,168 100.859 397,577 W. C’st., U.K. 138 17,677 125,824 July— 527.837 Ixmdon .... 22,773 251,247 W. Cst., U.K. ... 26,155 41.779 68,040 Havre .... 11.809 — —• Antwerp .... 17,886 — — Genoa .... 8,438 — — August— 277.895 London 15,043 398,144 W. C’st., U.K. .... 7,467 2.487 26,360 September— .... 8,610 194,731 183,609 London W. C’st.. U.K. ... 7,904 7.381 12,030 Totals to September 30, 1926 4,197,262 London ... 148.137 2,059.659 W. C’st., U.K. ... 114.602 176.840 833,147 Havre .... 36.148 — —• Antwerp 37,458 — Genoa .... 40,278 — Total for Same Period Last Year, viz.: To September 30. 1925. London .... 131.484 1,561,314 3,704.257 W. C’st., U.K. ... 79.565 221.902 763.694 Hamburg .... 12.438 — — Genoa .... 72,580 —• —

Hons were ns under:— N.Z. GOVT. LOANS— Buyers. Sellers. £ s. d. V S. (1. 4.1 n.e. Ins. Stk.. 1930 — 90 10 0 41 p.e. ditto, 193.8 .... 10 0 51 n.e. ditto. 1933 .... 100 5 0 100 7 6 54 n.e. ditto. 1927/1041 97 0 0 — 41 p.e. Bonds. 19.39 .. — 90 12 fl 51 p.c. ditto. 1033 .... 100 5 0 —— 5 p.e. P.O. Ins. Stk., 1007 ......... DR 15 0 - 5 p.e. P.O. Bonds, 1927 98 15 0 — DEBENTURES— Well. Boeing Club ... mo 0 0 — N.Z. Breweries (bonds) — 1 4 0 BANKS— 14 2 fi ■ ■ - National of N.'Z. ..... 7 0 6 7 1 c New South Wales ... — 45 10 0 New Zealand (x-rights) 3 0 0 ** 1 0 Ditto (rights) — 0 0 10 Union of Australia .. •— 15 5 0 Western Australian . — 17 0 FINANCIAL— Metropolitan Permanent Building 13 0 0 — N.Z. Guarantee Corp. (ord., 8s.) —- 0 io io Wellington Deposit .. , 0 9 U 0 10 4

GAS- , z Auckland (paid) INSURANCE— 1 3 3 4 1 0 9 — South British .. . 2 13 0 — MEAT PRESERVING— N.Z. Refrigcrat. (10s.) 0 6 0 TRANSPORT— Iluddart-Parker (ord.) —— 8 9 COAL— Taupiri (pref.) . 1 3 0 Westport 1 0 16 14 0 6 TIMBER— Leyland-O'Bncn — 1 8 National — 0 17 0 breweries — 3 ■ ■.■ MISCELLANEOUS— British Tobacco (Aust.), — 12 0 Dental and Medical Sup0 16 9 —— Eleetrolyi ic Zine (ord.) 1 1G 3 1 17 9 Ditto (pref.) .... — 1 IS 9 Milburn Lime and Cement 1 10 0 — Wairarapa Farmers /1? m 4 0 mining— Blackwater Mines .... — 0 7 6 Waihl Grand Junction — 0 6 0 2 4 Consolidated Goldfields 0 0 3 —