FARM & COMMERCIAL

Dominion, Volume 20, Issue 256, 28 July 1927, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

auction sales TO-DAY. t , ■ Lambton Quay, 2.30 p.m.—Sale of land (Harcourt and Co.). . Addington Showgrounds, Christchurch, noon.—Sale of Corriedale stud ewes (Dalgety and' Wright, Stephenson, and Co). Queen Street, Auckland, 11 amn.-Sale oi Hudson Sedan cars (G. Walker). Otaki— Stock sale. 8 Willeston Street, 10.30 a.m.—Sale of corrugated iron (E. Johnston and Co.). to-morrow. Dominion Farmers’ Institute, 2.30 p.m. Sale of land, Hutt district (Horace Baker, Ltd.). ■ Dominion Farmers Institute. -.30 p.m. Salo of patents (Horace Baker, Ltd.). Feilding—Stock sale.

FARMING INTERESTS

LONDON RABBITSKIN SALES Messrs. Dalgety and. Co.. Ltd., report having received the following eablegraiu from their head office on the rabbitskin sales recently held in London, the May prices being given as a cotnpansonj

per cent. to 10 per. cent, lower on May Sales. Best hatters, fair demand at unchanged prices, occasionally small reduction. Inferior neglected, where sold, 10 per cent, lower. Small, good demand. 5 per cent, higher; black, unchanged ; fawn, unchanged.

LONDON TALLOW SALES Messrs. Dalgety and Co., Ltd., report having received the following cablegram from their London house, under date July 'ik :—Tallow sales will to resumed tomorrow.

AIDING PRODUCTION RAILWAY RATES FOR MANURES ■A matter of considerable importance to farmers was touched upon in the Legislative Council yesterday, when the lion E. 11. Clark asked the Leader of the Council whether in order to enable farmers to comply effectually with the request to do their utmost to produce more, the Government would seriously consider at once the question of carrying farm manures ou the railway at the sama rate as lime. . The Right Hon. Sir Francis Bell said that the railway rates for the conveyance of artificial manures were reviewed in 1926 when a substantial redaction was made in the charges on this commodity. In the case of consignment of six tons and over the charges were, reduced by 49 per cent., and for consignments df a minimum weight of one ton a reduction of 25 per cent, was made. The rates now in force for the carriage of artificial manures and raw materials for their manufacture were the cheapest in the railway tariff, and had been of considerable assistance in enabling faimers to increase their purchases ot manures and fertilisers. 1-lie Department recognised t he many advantages of increasing tho productivity of land, and as evidence of this was carrying manures at unremunerativo rates. It was regret, ted tho time was not opportune for making any further concessions in this direction.

LIVE STOCK SALES ADDINGTON BY TELEGBAFH.—PBESS ASSOCIATION. . Christchurch, July 27. At Addington market' to-day’s entries was larger than usual, but as it was the sale preceding the national market, butchers operated spiritedly. The best classes of Beef and mutton showed an improvement on last week. Store Sheep.—Mostly aged owes came forward and they did not sell so freely as last week. Wethers, however, showed a. distinct advance, but the penning of these was small. Good crossbred ewo hoggets made 265. Id. to 275. 3d., inferior crossbred owe hoggets 20s. 11 d., crossbred wether hoggets 14s. 9d. to 18s. 2d., Corriedale ewe hoggets 255. 7d., mixed sexod crossbred hoggets 235., two, four, six and eight-toothed crossbred wethers 235. 3d. to 245. 3d., two-toothed halfbred wethers 235. Id., good four, six and eight-toothed halfbred wethers 295. 4d., two, four, six and eight-toothed halfbred ewes 28s. 9d., two, four, six and eight-toothed crossbred ewes 265. 7d. to 275. 2d., aged halfbred ewes 18s. fid. to 19s. lid., low conditioned aged ewes 9s. 3d. to 135., aged crossbred ewes 15s. to 195., failing mouthed three-quarter-bred ewes 19s. to 21s. 4d Fat Hoggets.—A small entry of 300 head, which sold briskly at last week s la Fat Sheep—A firmer sale for prime ewes by up to 2s. fid. a bead, good wethers being a shade firmer; with other softs mi changed. The bulk of the good wethers made 40s. and over, and ewes 345. Extra prime wethers >nade_ 4.-3. fid. to 48s. 10d., prime .wethers 3/s. to 41s. fid., medium wethers 30s. to Jbs., light wethers 265. fo 295. Gd..; esl J a prime ewes to 435. 7d„ prime. ewes 325. fid to 365. 6c1., medium ewes 265, to 31s. light 21s. to 255., aged 14s. to 20s. Fat Cattle.-An entry of 560 head, which contained some very prime lines, the first North Island epnsignmonts ot the season being forward. A good sale for prime beef, with an improvement in nrices of uu to 205., other classes showing fittle chanie. Best heifer beef made to 435., best steer beef Jis. fid. to 40*., medium Quality, and heavy heef 3 s. fidto 375; Cd., rough 2os. to yb. 6d. pQI 1001 b. A North Island draft of -7 from the Wnirarana averaged -EW 2s. *!■> and 12 from South Canterbury £2O 13s. 4d. Extra heavy steers made £l9 to £-1 7s. Cd., prime heavy steers £l6 10s. to £lB 155., medium-weight prime steers £l4 5s to £l6 55., ordinary quality steers £lO 10s. to £l4, erS ma 7 *^ S ’(-U •I’lo extra i)rimc heifers <£l3 to £l4 Gd , prime heifers <£ll to <£l2 155., medium heifers £8 ss. to £lO 10s., light heifers £5 10s. to.£B; extra prime cows to £l5 7s. 6d., prime cows £lO to £l2 65., ordinary cows £5 15s. to AJ 10s., aged cows £4 12s. 6d. to £5 12s. 6d. Vealers.—A small entry of poor stuff, with an advance in prices. Good vealers made to £6 10s., medium £4 to £□ j 6., others to £2 Is. ~ Store Cattle—A small entry, mostly of co's-s, the best of which sold Irom Gittle.-The smallest entry of the year, and a fair demand for f carl y culvers. Extra good second to fourth culvers made £9 to £ll 2s. 6d., medium £5 to £8 10s., heifers £4 to £7. Fat Pigs.—A slightly better sale for baconers. Choppers made £2 15s. to £6 Ils., baconers £3 to. £4. 18s 6d. (average per lb. 5Jd. to Old.), porkers ■los to fils, (average id. to Bd. per lb.). Store Pigs—Medium stores and sows in pi" comprised tho entry to a great extent, and they met with a good sale. Weaners made 16s. to 215., small slips 13s. to 165.. stores 295. 6d. to 515., sous in pig £3 10s. to £6 7s. 6d.

JOHNSONVILLE Messrs. Abraham and Williams, Ltd., and Wright, Stephenson and , Co., Ltd., rooort as follows on yesterday s Johnsonville sale:—A good yarding ot all classes of stock came forward, including some very heavy ewes and some good qualitj bullocks and vealers. Biddin- on the best sheep aud cattle was brisk, but, on medium lots there was very Lttlc comnotition We quote: Bullocks, £8 155., £9, filO 5? £lO 10s.. £IL £ll 78. fd., £ll 17s. 6d ? £l2. £l2 10s.. £l3 12s. 6d„ £l3’ 17s. 6d.; wethers, 30s. 3d.; <wes 22s 3d., 25s 28s 9d.. 30s. 3d., 31s. 6d.; vealers, £2 fas” 6d.7 £3 2e 6d„ £3 175.. £4, £4 Is., £4 25.. £4 3s. to £4 9s. HIGH PRICE FOR DAIRY CATTLE Messrs. Wright. Stephenson and Co.. Ltd., roport:-We held an animal sale on account of Mr. J. Murray, at Wpodvilo, when wo offered a. splendid line of grade Jersey cows and hellers, x.lthough the day was particularly rough, there was a 'fair aiteudnuce present. Some of the cattle were purchased for tho waikato district, but most of the offering was bought by local buyers, which speaks very highly for the popularity of Mr. Murray’s herd in the Woodville districtAs each beast came into the .ring, records wore given, also the calving dates, and it seems that'dairymen are well, advised to go in for testing, for it was very noticeable at the sale that heifers from tested dams were most keenly sought after. Competition was particularly brisk throughout. Tho highest price paid for cows was £27, aud the lowest £U. and the top price for twovear heifers was £2O 55., and the lowest £9 10s. The cows averaged tho very satisfactory figure of £l7 Ils., and the two-year heifers £l4 17s. At last year s sale the cows averaged £l4 Ils., aud the heifers £ll 13s.

Mesrs. Wright, Stephenson and Co., Ltd., report:—We offered a fair yarding of sheep and a full yarding of dairy cattle to a good nt tendance at Woodville. Sheep met with it strong inquiry, and sold at advanced rates. Good dairy cows and heifers also met with a ready sale, but inferior cattle were not sought after. We offered Messrs, lieatllc Bros,’ dairy herd, for which there was keen cell-petition, prices ranging from £5 to £lO. the herd averaging nearly £7. Other prices were as follows:—Empty ewes. 13s. B<l. to 17s. 4d.: ewes, r.w S.D. ram, 20s. ■ld to 255. 6d.; pedigree Jersey cow. 22 guineas: dairy heifers, £5 10s. to £7 10s.; empty cows, 30s. to £2-'/». 6d.; weauer auro’

DANGER MINIMISED FOOT AND MOUTH DISEASE IMPORTATION OF SEED Au assurance that every . precaution was being taken against the introduction of foot and mouth disease into Now Zealand was given by the Director of Agriculture (Dr. C. J. Reakes), at the annual conference yesterday of the New Zealand Farmers’ Union. Foot and mouth disease, said Dr. Reakes, was very prevalent in certain countries on the Continent of Europe. New Zealand, however, bought very, little farm produce from those particular countries, although a certain amount of seed was purchased from them. England was now comparatively free of the disease. It was just a matter how far farmers should go in prohibiting the importation of seed from countries infected with foot and mouth disease, as had been suggested. There was the further question of tho possible risk which might bo incurred as the result of purchasing seed from such countries. Cattle, sheep, and pigso were susceptible to the disease, but it was unlikely that any ot those animals would be running in padkicks where seed was being produced. The risk of infection through seed was to s ay the least very slight indeed. A delegate: Could a plant become infected ns the result of the seed having U Dr d Reakes: No: the seed would bo only a mechanical conveyor. Coni inning, Dr. Reakes said he understood that, alteration in tho regulations for the destruction of hay, 6^ ra } v ’ packing from countries where foot and nmuth disease was prevalent was with anxiety by delegates. Ho assumed ilrit they referred to the regulation whereby so. far as Great Britain was concerned, liay or straw used for packing could bo admitted without having to ff be destroyed immediately on arrival in Now Zealand, provided it was cerrifled by a proper authority as having been sterilised before being used for packing. That regulation, which had given in practice for some time, had given satisfaction so far as he knew. 1W authorities at Home had decided on tho sterilisation of hay apd straw before being used for packing, and he had every reason to believe that .that work was y being carried out efficiently and b£l A Sf dolegat y e: What precautions are being taken so far as Europe is con--CC j)r Ct ßeakes: The same provisions apply. A good many of the European countries are now using other materials foi packing.

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS . AND PRICES'" At the afternoon call yesterday sales were reported ot English, Scottish, and Australian Bank (rights) at -Js., and Union Bank at £l5 10s. (cum. dividend). Government securities were very dull. Lhe 4J per cents. (1930) were In donand at £96 12s. 6d., and the 5J per cents. (iJJJ) at £lOl. New Zealand Breweries (10 ner cent, bonds), were firm at 235. 6u. Bank shares were in fair dciuand. wlth buyers of Bank ot Australasia at £l4 l-a. 6d English, Scottish, and Australian Bank (rights) at 295., Nationa! bank of Australasia (£lO paid) at £l7 Jb., Bank of New South Wales at £44 10s., Bank of New Zealand at 585., and Bank of New Zealand “D” shares at -6s. Sellers quoted 295. 3d. for Commercial Bank (ordinary), £6 16s. 6d. for National Bank of New Zealand, and £l5 4s. (ex-dividend) for Union Bank. Goldsbrough Mort and Co’s rights were wanted at 95., Equitable Building at £8 17s. od., New Zealand Investment at 9s. 4d, and Wright S ephenson (preference) at las. 6d. Wellington Gas (ordinary) were steady at _<s. lOd. There was a demand tor National Insurance at £3 155., and for New Zealand Insurance at 38s. 9d. (cum. dividend). There were buyers of Gear Meat at Jos. JI., Huddart-Parker (ordinary) at 475. 9d., Union Steam (preference) at -os. Id., Westport Coal at 335., Westport-Stockton (ordinary) at Is. 4d„ and preference at 2s. 10d., Waipa Coal.at 145., National Timber at Ils. Ud., D.I.C. (preference) at 20s. 9d., Electrolytic Zinc (preference) at Jis. 9d. (cum. dividend), Wairarapa I'"r>ners (preference) at 14s. Gd., and Y ilson s 8 buying and selling quota-

RECORD PETROL OUTPUT Pct.roleum production in tho United States reached new high levels during March, the output for tho month totalling 75,304.000 barrels, a daily average ot 2.429,000 barrels. Tho daily average shows an increase of one-fifth of one per cent. over the previous record, established in February of this year, and of 24-1 per cent, over March. 1926. Domestic consumption ainouuted to 54,533,000 barrels, a daily average of 1,758,800 barrels, . The dailv aye-rage consuinpti .u was higher than in February last, but was not suificteut to absorb the increase in production. and stocks accordingly rose for lhe fourth successive month, standing at 289 894.000 barrels on March 31. the highest total since January of last year. Gnsotino production amounted to 27.886.000 barrels, a daily average of 899.500 barrels. The daily average output shewed a gam of 16.8 per eent. over the like month a year ago, and wae seeoml only to tbo record daily average registered in Januarv this rear. Consumption totalled 22.464.000 barrels, n daily average of 725,000 barrels, an increase cf 11.3 per cent, over tho daily average for February, and of 16.2 per cent, over the daily average for

March a year ago. Stocks again increased, amounting to 52,410,000 barrels, at the end of March, this being the highest total recorded in at least three years, and probably tho largest for all time. TARANAKI OIL FIELDS, LTD. Taranaki Oil Fields, Ltd., report on their operations for the week ended July 25 as follow:—Waiapu No. 2 well: Water not effectively shut off; drilled to 1919 feet in hard shale; preparing to cement again. Gisborne No. 1 well: Commencing drilling to-day. THE WHEAT MARKETS. London, July 26. Wheat cargoes are dull in the absence of buying support, and quotations declined 3d. Parcels similarly declined. Liverpool futures: July, 10s. Hid. per cental; October. IDs. IQd.; December. 10s. HJd.; March, 10s. lid.; May, 10s 9*d. Chicago, July 26. Wheat quotations: July, 1 dollar 42 cents per bushel; September, 1 dollar 40 cents; December, 1 dollar 432 cents. Winnipeg, July 26. The wheat market closed from 13 to 23 cents above yesterday’s closing quotation, following sensational reports of continued oppressive heat, aggravated by a spreading of the rust menace. All the month's quotations finished fractionally below tho day's high quotations. COLD STORING OF APPLES. Loudon, July 26. The Loudon Port Authority cold store managers have atatecj Quit they were not approached with a view tq emulating New Zealand’s plan of cold-stjiYlng apples at Southampton, until the ffild of the season. when the market is generally better. LONDON PORT CHARGES REDUCED. London, July 26. Lord Ritchie stated at the meeting of the Port of London Authority, that by exercising the strictest economies tho authority, was reducing its charges by 2i per cent., making a reduction of 10 per cent, in two years. CUSTOMS REVENUE. The Customs revenue collected at the port of Wellington yesterday totalled £15,658.

d. d. d. d. Full winters, thin pelts, slightly spotty 130 to 135 110 to 130 Do., medium and stout pelts bate winters 130 to 85 to 135 95 85 to 125 93 Outgoing and spring Early autumns 50 to 66 to 58 68 53 to 54 to 55 58 Autumn racks 50 47 to 50 bight racks 4a 45 to 48 36 to 38 35 to ori Milky, fair to good ... 58 to 62 49 Do., medium and poor 30 to 50 28 to 40 Inferior and damagedFair to good 65 to 68 60 to 72 Medium to poor 30 to 58 to 51 Kittens and suckers ... 21 to 24 18 to 24 Nineteen hundred and twelve _ bales offered, 670 bales sold. Furriers, 5

Sellers. £ s. d. N.Z. GOVT. LOANS— Buyers. £ s. d. J J p.c. Ins. Stic, 1939 96 12 6 90 17 6 —— 96 17 6 54 n.c. ditto. 1933 ....101 0 0 101 5 0 p.c. ditto, 1936 .... —— 101 7 6 4i p.c. Bonds, 1939 .. . — 97 0 0 4* p.c. ditto, 1938 .... —— 97 0 0 debentures— N.Z. Breweries (bonds) 13 6 Wright, Stephenson (second lien, 6 p.c. perpetual) SS 0 0 BANKS— Australasia 11 12 6 Commercial of Aust. ... * 10 3 English, Scottish, and Australian (rights) . 19 0 National of N.Z — 0 16 6 National o£ Australasia (£10) 17 3 0 New South Wales ... 41 10 O 45 0 0 New Zealand 2 IS 0 2 18 9 Ditto "D" shares (Hl p a j ( ]) 16 0 17 0 Ditto “D” shares (10s. paid) Union of Aust, (ex-div.) 0 10 0 15 4 0 FINANCIAL— Goldsbrough Mort 0 9 0 ■ ■- Equitable Building .. 8 17 6 9 4 0 N.Z. Guarantee Corp. (ord., 8s.) 0 9 2 N.Z. Investment, Mortg. and Deposit 0 9 4 Well. Invest. T. & A. —— 0 10 6 Wright, Stephenson (pref.) 0 15 6 .— GAS— Wellington (ord.) ... 1 7 10 insurance— National 3 15 0 — New Zealand (cum.) 1 18 9 South British —— 2 17 9 MEAT PRESERVING— 1 15 9 — N.Z. Refrigerat. (10s.) 0 6 2 TRANSPORT— Iluddart-Park-cr (ord.) 2 7 9 —— Union Steam (pref.).. 10 1 — WOOLLEN— Wellington (ord.) .... 6 7 6 Ditto (£4 15s.) —I, 6 10 COAL— 1 13 0 1 14 0 Westport-Stockton 0 14 ■ Ditto (pref.) 0 2 10 — Waipa 0 14 0 *— timber— ■ — 14 0 0 11 6 breweries— ■ 0 15 0 ■■I. 2 0 0 miscellaneous— Burns. Pliilp. and Co. 1 19 0 Dental and Medical .. — 0 16 0 D.l.C. (pref.) 10 9 Electrolytic Zine (pref.) 1 11 9 —• N.Z. Paper A!ills .... —— 0 16 9 Shetland & Co. (ord.) —— 113 Wairarapa Farmers’ (pref.) Ji 011 6 — Wilson’s Cement .... 1 14 0 —