FARM & COMMERCIAL

Dominion, Volume 20, Issue 62, 7 December 1926, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. 14 Gordon Street, Newtown, 1.30 p.m.— Sale of household furniture and effects (R. Wilson and Co.). Saleyard, Levin. 11.15 a.m.—Sale of land (Abraham and Williams). Oddfellows Hall, Petone, 8 p.m.—Sale of sections, Petone B.C Subdivision (W. Croft and Co. Kirk and Harding .1. M. Pearson, and Town Clerk). Corner Wakefield and Parish Streets, 10.30 a.m.—Sale of timber (E. Johnston and Co.). 8 Willeston Street, 1.30 p.m.—Sale of frocks etc. (E Johnston and Co). The Earm (Cunningham’s), 2 miles past Cheltenham store, via Feilding, 11.30 a.m.—Sale of valuable antiques Mounsey and Co.'. / TO-MORROW. Abraham and Williams, Ltd.’s offices, Mangaweka—Sale of land, Wanganui (Abraham and Williams, Ltd.). Coull’s Salerooms, Maria Place, Wan•ganni, freehold business block (John Coull). 154 Featherston Street, 2.30 p.m.—Sale of seaside sections, Moa Point Estate, Lyall Bav E. (J. H. Bethune). Salcyards, Taihape, 12.45 p.m.—Sale of land (Dalgety and Co., Ltd.). Johnsonville. 10 a.m. —Stock sale (Abraham and Williams, and Wright. Stephenson, and Co.). 11 Nikau Road, Miramar, 2 p.m.—Sale of household furniture <O. H. Benge and Co.). THURSDAY. Salovards, Dannevirke, 10.30 a.m.—Sale of land (H.B. Farmers’ Co.-op.). Upper Hutt—Stock sale. FARMING INTERESTS DAIRY CONTROL BOARD TE AROIIA FARMERS’ STRONG SUPPORT. BY TELEGKAI’ ! Hamilton, December 6. Over 100 farmers attended a meeting at To Arolia, convened by Mr. H. 1. Cooper to discuss dairy control matters, dr. Cooper moved a vote of no-coufid-enee in the Control Board. The subject was debated for two hours, and the motion lost by 100 votes to 3. Most of the speakers stoutly defended the actions of the Control Board. ' TANNING INDUSTRY The Government Statistician, in his monthly Abstract of Statistics for November. states that the year ended March 31, 1926, marked a particularly trying period for the tanning -ndustry. Tanners were unanimous in their remarks that the industry was in a far from satisfactory state, and that a continuance of present conditions would see a serious decline in a very few years. The causes for this unsatisfactory state of affairs may, from the tanners’ viewpoint, generally be stated as follows (a) The slack times obtaining in the boot and shoe industry, following ou increased importations of boots and shoes; (b) the decrease in the demand for leather goods and bags, due to increased importations of these lines and the displacement of the cheaper lines of leather bags, etc., by substitutes; (c) the gradual decline in the demand for leather in the saddlery and harness business, due to the increasing use of the motor, in preference to the horse.

LONDON MARKETS HIGH COMMISSIONER’S CABLED REPORT BUTTER MARKET FIRM The Department of Agriculture has received the following cablegram dated December 4, from the High Commissioner tor New Zealand, London:— Butter. Market firm. Official quotations are:— New Zealand.—Finest salted: December 4,160 s. to 1665. per cwt. :Is. 6d. to Is. 5-jd. per lb.); November 27. 1465. to 1545. per cwt. (Is. old. to Is. 4Jd. per lb.). Other qualities: December 4,150 s. to 1565. per cwt. (Is. 4d. to Is. 4Jd. per lb.). New Zealand Control Board official minimum prices are: Finest, 1665. per cwt. (Is. 53d. per lb.); first grade, 1645. per cwt. (Is. 6id. per lb.). Australian.—Salted: December 4,160 s. to 1625. per cwt. (Is. sd. to Is. 51d. per lb.); exceptional. 1645. per cwt. (Is. 5Jd. per lb.); November 27. 1445. to 150 s. per cwt. (Is. 3id. to Is. 4d. per lb.). Unsalted: December 4. 1625. to 1645. per cwt. (Is. sid. to Is. 5Jd. per lb.); exceptional, 166 s per «wt. (Is. s|d. per lb.); November 27, 1565. to 160 s per cwt. (Is. 4Jd. to Is. sd. per lb.). Other qualities: December 4, 130 s. to 1565. per cwt. (Is. l?d. to Is. 4Jd. per lb.). Canadian.—December 4, 1565. to 158 s. per cwt. (Is. 4Jd. to Is. 43d. per lb.). Other qualities, 1465. per cwt. (Is. 3id. per lb.). Siberian.—December 4, 1465. to 150 s. per cwt. (Is. 3Jd. to Is. 4d. per lb.)- November 27 1325. to 1365. per cwt. 'ls. 2d. to Is. 2Jd. per lb.). Other qualities, 140 s to 142 s per cwt. (Is. 3d. per lb. Argentine.—Unsalted: December 4, 1445. to 150 a. per cwt. (Is. 31d. to Is 4d. per lb.); November 27, 138 s. to 1445. per cwt. (Is. 23d. to Is. 33d. per lb.). Other qualities 130 s. to 1425. per cwt. (Is. lid. to Is. 3d. per lb.). Danish.—December 4,182 s. per cwt. (Is. 7Jd. per lb.); November 27, 170 s. to 1725. per cwt. (Is. 61d. to Is. 65 d. per lb.). Cheese, Market firm. Official quotations are:— English Finest Farmers’.-December 4, 106 s. to 110 s. per cwt. (Hid. to Hid. per lb.); November 27, 102 s. to 108 s. per cwt. (103 d. to Hid per lb.). Canadian.—Finest coloured and white: December 4, 925. to 965. per cwt. (93d. to 10id per lb.); November 27, 86s. to 88s. per cwt. (91d. per lb.); December 4, exceptional. 98s. per cwt. (IOJd. per lb.), in accordance with make. New Zealand.—Coloured and white: December 4, 935. to 945. per cwt. (93d. to lOd. per lb.); November 27, 84s. to 85s. per cwt. (9d. to 9fd. per lb.). Control Board minimum prices: Finest, 945. per cwt. (lOd. per lb.): first grade, 935. per cwt. (93d. per lb.). Australian.—December 4,90 s. to 925. per cwt. (9Jd. to 93d. per ,b->. Estimated stocks of cheese at December 1 in London. Liverpool, and Bristol: Canadian and American. 213.400 boxes; New Zealand and Australian, 13,650 erates; against 209,700 and 950 at same time last year. ■ Tallow, Hemp, and Wool. Tallow.—No auction this week, and market very quiet. Prices are practically unchanged. Hemp.—Manila market quiet and easier during this week, but firmer at the close. “J" grade October-December shipments sold £47 10s., and November-January shipments up to £4B. Sisal market dull, but steady, at last quotation. New Zealand market steady for lower qualities. Fair November-January shipments sold at £36, with further sellers at £36 10s. Common quoted at buyers £35. Highpoints not in demand, quoted sellers £3B' 10s. Wool.—Sales continue with active der mand, and tendency upward for crossbred. Beans, Cocksfoot, and oats. Beans.-Market quiet at about last quotations. English pressed for sale £lO 10s. down to £lO 2s. 6d. per ton. Cocksfoot.-Danish market firm, and December-January shipments quoted at 735. Smaller crop and vjeld reported. Expected prices will advance. Oats.—English in plentiful supply and offered more freely. Choice white quoted 28s. 6d. to 295.. ordinarily -’own to 245. Plate December-January ihipments sold 20s. 6d.. and January-February shipments offered at 20s. nominal value. New Zealand A grade Gartons, DecemberJanuary shipments, quoted 28s. OTHER ADVICES The New Zealand Producers' Co-opera-tive Marketing Association’s weekly cabled report from London, dated December 3, is as follows:— Butter.—Market firm. New Zealand stored. 1583. to 1625.; new season's, 1645. to 1665.; Australian, 160 s. to 1645.; Danish, 182 s. Cheese.—Market firm. Stored, if in good condition. 90s. to 925.; tew season’s, 935. to 945., both white and coloured. The New Zealand Dairy Produce Board advises having received the following advice from the London office of the board, dated London, December SiButter.—New Zealand: Finest. 1665.; first grade, 1645.; stored, 150 s. to 1665., according arrival and condition; market firm-, board sales, 4033 boxes. Australian, 160 s. to 1625.. exceptional 1645.. stored 1525. to 1545.; Canadian. 1565. to 1585.; Argentine. 1445. to 1505.; Dutch, 1 78 s. to 180 s.; Siberian, 1465. to 1505.; Danish, 1825.; retail prices advancing Monday, colonial Is. 7d., Danish Is. 9d. Cheese.—New Zealand: Finest, 945.; first grade, 935., white and coloured; Canadian. 925. to 965., exceptional 98s, according make. Market firm. Retail price lid. Board sales, 12,954 crates. Messrs. M. A. Eliott, Ltd., Palmerston North, have received the following cabled advice from their London agents:—Butter: Stored, 160 s. to 1665; controlled, 1645. to 1665. Market firm. The Bank of New Zealand, produce department, has received the following advice from its London office, under date December 3:— Butter.—No stocks. Controlled, finest, 166 s per cwt.; first grade. 1645.; stored. 160 s. Cheese. —No stocks. Controlled, finest, 945. per cwt.; first grade. °3e. Frozen Meat.—There is a little better demand for wether mutton. The market is well supplied with ewes. Lamb is in short supply, and prices are nominal. Beef is in short supply. Wethers, light, 5Jd. to 61d. per lb.; wethers, heavy. sd. to 53d ; ewes. 3Jd. to 41d.; lambs. 2’s. 9Jd. to 93d.; lambs, B’s, Bid. to 83d.; iambs, 4’s, 7d. to 71d.; lambs, seconds, Bld. to B’d. CANADIAN BUTTER PRICES The Dairy Produce Board has received the following advice from its agents in Canada;-Butter: New York, 64 cents (2s. 3d.), market firm; Montreal, 38J cents (Is. 7Jd.l. STOCK SALES Messrs. Levin and Co., Ltd., report:— At Bulls sale on November 7, there was a small varding. Bidding was dull except on fat cattle, which -net with a ready sale. Quotations: Weaner pigs, 20s. 20s. 6d.: slips, 28s. fcd.; stores, 30s. 6d„ 365.. to 435. 6d.; fat bullocks. £l2 10s., £l2 Ils., to £l2 12s. 6d.; tat cows (dairy sorts). £4 to £5 2s. 6d. ; Boner cows, £2 155.. £3 10s. to £3 13s. 6d.; canners, 20s. to 355. ________________

TO DESTROY EARWIGS DR TILLYARD BRINGING PARASITES. London, December 5. The New Zealand Entomologist (Dr. Tillyard) has sailed by the Cotintbio, taking 250 parasites of earwigs intended to destroy earwigs in New Zealand. Parasites are scarce in the present year, and necessitated a search bv Dr. Tillyard throughout Europe. They cost a shilling each. Dr. Tillyard is also taking several kinds of insects which, it is hoped, will destroy blackberry brambles. Before they are liberated they will bo tested to ascertain their effect on other plants. MASTERTON EGG-LAYING COMPETITION LAST WEEK’S RESULTS. Dominion Special. Masterton, December G. Following are the results for the tbirtyfiflli week in the Musterton Poultry Club's secund annual egg-laying competition:— SINGLE TEST.

COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the morning call yesterday sales were reported of National Bank of Australasia shares, £5 paid, at £9 Is., and Wellington Trust and Loan at £6 Ils. There were no sales registered at the afternoon call. There was a good demand for the 5J per cent. Government stocks and bonds at £lOO 155., and the 5 per cent, bonds wei'e wanted at £99. Bank shares were steady, with buyers if National Bank of New Zealand at £7 Is., Bank of New South Wales at £44 ex quarterly dividend, Bank of New Zealand rights at 6s. 6d., and Union Bank at £l5 4s. Sellers quoted £26 ius. for Commercial Bank ot Sydney and 595. 9d. for Bank of New Zealand ex dividend. There was a little business offering in financial shares, with bids of £9 2s. 6d. for Equitable Buildings, 10s. 3d. for New Zealand Guarantee Corporation ordinary, and lOd. 6d. for 'Wellington Investment, ■(hipping shares were firm. There were buyers of New Zealand Shipping preference at £9. and Union Steam preference at 20s. 3d. cum dividend. There was nothing doing in wool or coal ihares. National Timber shares were wanted at 14s. Brewery shares were firm and in good demand, with buyers if New Zealand Breweries at 525., Staples and Co. at 375., and Ward and Co. at 425. Cd. In the miscellaneous section there were buyers of Burns, Philp and Co. at 395., Electrolytic Zinc ordinary at 365., preference at 375., Farmers’ Co-operative Auctioneering ordinary at £3 10s., and Howard Smith at 325. Yesterday's buying and selling quota tions were as under:—

SALES IN OTHER CENTRES BY Telegraph.—Piltzs association Auckland, December 6. Sales: National Bank of New Zealand, £27 Is.; Moanataiari, ss. 3d.; ditto (con.), ss. 2d., ss. 3d., ss. 2d., ss. Id., ss„ ss. 2d., ss. 3d., ss. 3d.; Kawarau, 3s. 4(1.; Lucky Shot (con.), Is. Cd.; Wnihl, 17s. Od. Dunedin, December 6. Sale: Milburn Lime, 30s. Sale reported: 4i per cent. Bonds (19.,0), £97 10s. ~ „ Christchurch, December 6. Sales reported: New Zealand Government 5 per cent. Inscribed (1927), £99; Electrolytic Zinc (pref.), 375. Sales: New Zealand Government 5 per cent. Bonds (1927), £O9; National Bank of Australasia (£lO paid), £lB. CANTERBURY FROZEN MEAT COMPANY Dominion Special. Christchurch, December 6. The report of the Canterbury Frozen Meat Company for the year ended November 30, states that the net profit for the year was £21,317 18s. 4d., making a total at the credit of profit and loss account of £25,433 10s) 2d. Out of this a further addition had been made to the renewals reserve fund, and after such apportionment, and deducting the divi< dend paid at the half-year there remains a sum of £11,933 10s. 2d. It is proposed to pay a further dividend of 3 per cent, on the preference, and 4 per cent, on the ordinary shares, absorbing £7500, and leaving £4433 10s. 2d. to be carried forward. The works, plant machinery, and land at Belfast, Fairfield, Pareora, etc., are valued in the assets at £328,162. and the value of the interest in consignments unrealised. Including advances to owners of meat, etc., and stock at works, is £419,69.1. The annual meeting will be held on December 15. The directors to retire by rotation. Sir George Clifford and Mr, , George Humphreys, both offer themselves for re-election. FEILDING FREEZING CO. The balance-sheets of eight freezing companies have already been dealt with, and there is now the Feilding Farmers’ Freezing Company, whose balance-sheet for the year ended July 31 shows that the receipts totalled .£13,085 3s, 2d., and the expenditure, including depreciation, amounted to exactly the same sum, so that there was neither profit nor loss. In the previous year there was a similar showing, the receipts totalling £14,331 2s. 2d. and the expenditure the same amount. The freezing sales, manufactures, etc., during the year under review amounted to £13,085, against £14,331. Although there was an increase of 56,714 in tho number of sheep and lambs killed and a decrease of 817 cattle, there was a decrease in the average weights of all stock killed, and as the increase in the number of stock consisted almost entirely of lambs, the consequent reduction in freezing charges amounted to a large sum, while the cost of killing per head was exactly the same as for the heavier weights. The actual surplus on the year’s working was £4BB Is. 2d., as compared with £2173 in the previous year, both amounts being written off for depreciation. The items of the balancesheet, with those for last year in parentheses, are as follow: —Liabilities: Capital paid up, £55,498 (£54,653); calls paid in advance. £1215 (£1215); bank overdraft, £114,324 (£130,506); sundry creditors, £4505 (£4896); advances against consignments, £2502 (nil). Assets; Land, buildings, and machinery, £129,711 (£125,554); office furniture, £l9O (£190); sundry debtors, £4385 (£4824); charges on goods in store. : consignments unrealised, <"£&. 817); stock and materials, £10,235 (£89,8), cash £3O (£30); profit and loss, £10,013It w’ill be noted that the a ’ u 7‘ nt /m‘j 8 t 2 O the bank has been reduced by £16,182, while there has been no addition to the accumulated debit balance. FNGLISH WHEAT MARKETS. LNOLiifu D ecßn ibor 5. With adequate world shipments and featureless markets on the other side wheat cargoes are quiet ana prices nominally unchanged. Parcels are quiet at late rates. , diA Liverpool futures: December, Ils. 4id. cental; March. 10s. 76d.; May. 10s.

Light Breeds. Week. Oz. dr. Tl. S A. Butterfield ... ... 6 11 4 199 v T \ V i n ir ........ ... 6 12 6 G. Masters, No. 2 .. ... o 13 4 183 j. Bradbury, No. 2 ... 0 13 0 170 C 11 Robbins .... 10 12 177 O 4 0 176 A A Hnnrn ........ ... 6 13 4 176 J - Bradbury, No. 1 11 0 172 G. W. Sellar, No. 2, ... 6 14 2 151) 7 0 152 XI. lAfeu G. Masters, No. 1 ... ■ ■ 5 10 4 151 10 0 no 11 8 134 ... 6 12 4 125 It K. 1 MeDonell ... IOS G. W. Sellar, No. 1 ... 4 9 12 100 Heavy Breeds. L. Wadhain, No. 1 . ... 6 11 12 218 ... 6 lb7 4 0 178 177 176 ... 5 9 14 143 R. S. Seddon ... 5 9 10 133 R. and J. Whltemar — 126 ... 7 14 0 109 109 3968 TEAMS TEST. Light Breeds. 13 8 13 0 192 176 L. B. Maunsell ... 6 7 ff 6 11 6 159 527 E. W. Tooby 6 10 2 185 184 0 10 10 148 517 ... 4 8 14 130 11 2 168 6 12 8 166 4G1 fl 10 0 131 G 13 4 166 »» 10 14 143 440 If s A.1 Icn ..••••••• ... 5 10 8 IGO 3 6 3 120 4 7 12 146 426 Mrs. L. G. Payne .. ... 4 4 8 15 8 10 130 128 6 14 2 116 374 E A -.a...... ... 4 8 12 137 5 11 4 74 11 6 151) 370 Heavy p Bt? ilpy ......... i • Breeds. 6 0 184 6 11 13 189 u 8 12 177 550 F Toylor ..•••• ... 6 13 6 130 6 12 3 186 5 9 3 202 AX 518 J JJ Kissllng ...... ... 6 13 4 155 7 14 14 189 »» 5 11 6 118 4G2 155 4648

Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ s. d. p.c. Ins. Stk., 1939 — 97 0 0 n.c. ditto. 1938 .... — 91! 15 0 51 P.c. ditto, 1933 .... 100 15 0 51 p.c. ditto. 1936 .... 100 15 0 5$ p.c. Bonds, 1933 ..100 15 0 5j P.c. ditto. 1036 .... 100 5 p.c. P.O. Bonds, 1927 90 15 0 0 0 MMM debenturesPetoue/Lower Hutt, 5J p.c.,., 1927/1952 Pahiatun Borough, 5 — 96 0 0 05 10 o Makerua Drainage ... — 101 0 0 BANKSCommercial of Sydney MM* 26 10 0 National of N.Z National of Australasia 7 1 0 —* (£5) Mm—. 9 <> 6 New South Wales .... 44 0 0 — New Zealand 19 9 Ditto (rights) 0 6 6 MM. Union of Australia .. financial— Atiraham and Williams 15 4 0 15 6 0 -- r 4 0 Equitable Building .. N.Z. Guarantee Corp. 9 2 6 M_ (ord., 8s.) 0 10 3 0 10 0 N Z. and River Plate 1 5 0 Wellington Investment 0 10 0 — Wellington Deposit .. Wright. Stephenson — 0 10 4 (ord.) 1 4 0 -■ — 0 17 o GAS— M—■ 5 0 0 INSURANCE— —■MM 3 15 0 y t E A T PR ESER VI NG— NX Refrigerating (10s.) transport- — 0 7 0 N.Z/ Shipping (pref.) 9 0 0 MM Union Sfcatn (pref.).. 1 0 3 250 —- p. and O. def. stock.. WOOLLEN— 0 0 Wellington (ord.) .... MM* 6 12 0 6 0 Ditto (new issue) .... — 0 10 0 COAL— 1 16 3 —M. u 15 6 TIMBER— Lovlnnd-0 Brien •••• — o 0 Rotoitl 1 6 National ............. 0 Ji 0 0 16 0

BREWERIES— Manning and Co. ..... Now Zealand 2 12 0 0 1 1 Staples and Co 1 17 0 1 18 3 Ward and Co 2 2 0 MISCELLANEOUSBurns, Philp, and Co. 1 19 0 — Electrolytic Zinc (ord.) 1 10 0 1 17 0 Ditto (pref.) 1 17 0 Farmers' Co-op. Auct. (ord.) 3 10 0 Howard Smith 1 12 c Sliarland and Co. (ord. and pref.) —— 1 s Smith & Smith (pref.) Wairarnpa Farmers’ 0 19 0 (£5) »■ 4 V u Ditto (£1) 0 10 0 Ditto (pref.) 0 10 0 MINING— Waihi 0 17 0 —