Farm and Commercial Section

Dominion, Volume 21, Issue 241, 12 July 1928, Page 14

Farm and Commercial Section

LATEST REPORTS from ALL CENTRES

AUCTION SALES TO-DAY. Dominion Fanners’ Buildings, 7.30 p.m. —Sale 66 residential sections (Commissioner Crown Lands). Dominion Farmers’ Institute, 2.30 p.m.— Sale residential sections (11. Baker). Carterton Saleyards, 11.30.—Annual heifer sale (W.F.C.A.) Waikauae sale. TO-MORROW. S Willeston Street, 1 p.m.—Sale of damaged carpets (E. Johnston and 515 Adelaide Road, 10.30 a.m.—Sale of furniture (Ramsey Wilson and Co.) OS Manners Street, 2 p.m.—Sale of furniture (Ramsey Wilson and Co.) SATURDAY. • Victoria Street, Hamilton, 10.30 a.m. — Sale-of land (Dalgety (Ind Co.), Karamu Road, Hastings, 11 a.m. Sale of Carlton Club Hotel (Hoadley, Son, and Stewart.) 34 Waterloo Road, Lower Hutt, 1.00 pm.—s a ie of furniture (11. E. Leighton and Co.) DAIRY PRODUCE PRICED Messrs. Joseph Nathan and Co. have received the following cabled report from London:—“New Zealand butter. 178 s. per cwt. Afore doing Now Zealand cheese: nominally 110 s. per cwt."

THE PRODUCE MARKETS LONDON WOOL SALES PRICES OF COMBINGS FIRM FINE SLII’ES CHEAPER. (Australian Press Assn.—United Service.) London, July 10. At the wool sales 0701 bales were offered, of which Australian numbered 835 and New Zealand 4033. There was an excellent selection of slipes. The sale was characterised by a crowded attendance from all quarters, and by a good tone, Continentals and Yorkshire being active. All merino and crossbred combings were firm at May closing prices. Even, finer grades of slipes were not maintained at May’s abnormally high prices, but were abput 5 per cent, cheaper. Other slipes were unchanged. The New Zealand offerings fetched: Canterbury, highest price 30d., average 27Jd.; Matal Park, Slid, and 21d.; Oxford. 421 d. and 41d.; Oakleigh, 274 d. and 24*d.; 'Hakatarameq, 43Jd. and 40d. OTHER ADVICES Messrs. Levin and Co., Ltd., have received the following cablegram from their London agents, dated July 10:—‘The auctions opened here to-day with a large attendance of Home and Continental buyers. Competition is keen, and ail sections of the trade are operating freely, particularly the Continent. As compared with closing rates of the last series, prices .generally show little change, with the exception of slips halfbred lambs and slipe threequarter bred lambs, which are Id. to lid. per lb. lower, whilst coarse slipes are unchanged.” x Messrs. Murray, Roberts and Co., Ltd., are in receipt of the following wool market cablegram from-their London agents, dated July 10: —“Sales have opened, good attendance of buyers, competition good, all sections operating freely, poor selection offered. Compared, with last London sales closing rates, greasy merino, market shows no change; scoured merino, none offering: crossbred greasy and scoured, market shows no change; slipe fine and medium crossbred declined 5 per cent.; slipe, other descriptions, market shows no change.. The Bank of New Zealand has received the following advice from its London office under date July 10:—“The sales have opened with fairly good competition and large attendance of buyers but without quotable change in prices with the exception of sllped lambs .which--'are about one penny cheaper.” The Loan and Mercantile Agency Co., Ltd have received the following cablegram from their London house, under date Tulv 10‘—“There was a good attendance at the opening of the sales to-day, competition bv Home and Continental buyers being fairly active, and prices as compared with the close of preceding series ruled about 5 per! cent, lower for tine and medium crossbred slipe. No change in market for- others. The opening catalogues were fairly representative.

LONDON SHEEPSKIN SALES The Loan and Mercantile Agency Co.. Ltd., have received the following cablegram from their London house, under date July 10: —“Merino and fine crossbred sheepskins market weaker, others are nrm. Fair demand.” LIVE STOCK SALES ADDINGTON By Telegraph.—Press Association. Christchurch, July 11. Averaged-sized entries were the rule at Addington market to-day, except in the fat cattle section, where there was an oversupply. , Store Sheep.—There was a keen sale lor hoggets and an advance for jwether hoggets up to Is. Gd., with good adult ewes about the same and others slightly advanced. Wethers were firm at last week s rates. Extra good halfbred ewe hoggets made to 335., good halfbred ewe hoggets to 28s. 6,d„ good hatbred wether hoggets 225. to -4 s. Gd., best three-quarter-bred ewe hoggets to 305., good crossbred wether hoggets to 235., extra good 4,6, and 8-too th three-quarter-bred ewes to 41s. 6d., good 4,6, and 8-tooth quarter-bred ewes 335. to Gos. Gd., best 4,6, and 8-tooth halfbred ewes 355. 6d. to 375. Gd., good .4, 6, and 8-tootn halfbred ewes to 31s. Gd., backward 4. 0, and 8-tooth halfbred ewes 225. Gd. to -os. 6d.» good 4,6, and 8-tooth crossbred ewes 325. Gd. to 345., ordinary 4,6, and 8-tooth crossbred ewes 28s. to 31s. a SCd and inferior ewes IGs. Gd. to 18s., best .4, G, and 8-tooth halfbred wethers to 345. Gd., ordinary 4,6, and 8-tooth half bred wethers 265. 9d. to 295. backward 4,6, and 8-tooth halfbred wethers to 245. 3d. i Fat Lambs.—Only 475 entered, practically all less than truck lots. The sale was less animated than usual. Best sorts made from 365. to 435. • , Fat Sheep.—An average entry of 10$ races, which included good South Canterbury and other southern lines. More wethers than usual were forward, and they eased by about a shilling a head. Ewes maintained last week’s rates. Extra prime wethers made 445. to 495. Id., prime wethers 395. Od. to 425. Gd., medium, wethers 345. 6d. to 385., light wethers 395., to 345., extra prime ewes 3SS. to 44.5. Id., prime ewes 335. to Jbs. Gd., medium ewes 295. Gd. to 325., light ewes 255. Gd. to 295., aged ewes 245. to 2bs. ‘ ;• Fat Cattle.—A heavy entry of 608 head, including good lines from Wanganui (the first North Island cattle to come from the North this season), South Otago, Southland and the West Coast. The excess yarding caused a weakening by _os. u head for all steers and inferior beef, but good cows and heifers showed less change. Extra prime beef made to 41s. per 1001 b.,. prime 375. to 405., medium quality o3s. to 365., heavy 325. Gd. to 365., best heifer 335. to 365., medium cow 20s. Gd. to 3-s.. and rough down to 20s. per 1001 b. Lxtra nrime hcavv steers made to L--* -s. ou., prime heavy steers £l6 10s. to £lB, mod; ium weight prime steers £l4 <>s. to ‘£L> 155.. ordinary quality steers £lO 10s. to £l3 10s„ light steers £8 to £lO, extra prime heifers to £l4 is. 6d.. prime heifers £lO 10s. to £l2 155., ordinary heifers £8 15s. to £lO 55., light heifers £0 to £8 10s., extra forward cows to £lo 7s. nil., prime cows £lO to £l2 ss„ ordinary cons £7 15s. to £9 15s„ aged cows £5 to £7 .is. Vealers.—A small entry and a . ke en Twelve to 18 most sorts made to £9 18s.. Gd.. medium (o good vealers £4 10s. to £7 155., calves 20s. to 3i>s. Store Cattle.—Another small enti.v. mostly cows, which sold well Best made £5 to £7 3s. Gd.. others £2 ss. to £4 .is., backward 3-vear steers to £7 2s. (>d. Dairy Cattie.—A small entry and ,n good sale. Best second to fourth calvers made £lO to £l2 155.. medium £7 10s. to 10s . others £5 10s. to £7: brat heifers to £l2 10s.. medium £o to £8 10s.. u„t <1 cows in profit £2 10s. to £4 5 ? Fat Pigs.—A small entry of. mixed quality and a good demand, with. an. all round firming. Choppers made £2 to £•> losfid., bacotiers £3 10s. to £u. to £6 (is. (average price per I’.. ''ld. to 7}d.); light porkers 325. to 4-> nenvi porkers 50s. to 60s. (average lb. ultOStor'e Pigs.-—A heavier entry and a h-' let- sale. Wcancrs made is. Io l-».. sm " stores Its. tp 17s. lid., med'orn stores .0.,. to 285., large store 295. to ols.

BURNSIDE By Telegraph.—Press Association. n, .1 11 iy 11. Fat cattle were in good demand and sold well at. Burnside to-day. 81n-vp opel well but. slackened oil’ in the la.er stiigvs of the sale. Good lambs were e.igei sought, but there was a 16t. of unfinished stuff. Fat pigs showed a long overdue improvement of about los. a Head. Fat Cattle.—The yarding numbered head of vorv mixed quality animals, with a fow prime bullocks and ag""d 1"'" portion of rows and heifers. The demand was keen from the outset and continued so.'with the result Hint all good class stuff sold at rates on u par with those ruling in other contrcs. Extra prime ox beer mud:- 12s. Gd. per 1001 b, light prime 405.. heifers 355, cows and light heifers 2.is. t0 About. 2500 fat sheep faced a good attendance of buyers. The general quality was good, there being plenty ot good crossred wethers ami owes and not a tew pens of extrn primes. The opening demand was fair at late rates, but it did “fl 1 'a* 1 ' with the result that prices fell slightly. Best ewes made up to 41s. and best wethers were worth 555. Prime wether mutton

made 7d. per lb., prime ewe bid., light wars «=i”««X-«s> P large. Prime sorts made up to 12d. per lb. and others to lOd. ctoro Cattle. —A yarding of lab neaa ut mixed quality cows ai® yearlings met a good sale The demand was keen and the i°a°rke S t a showed a firming endeney. The demand for fat C f„n v tinnnl for Burnside. Aalues rose 15s a head ou certain lines, and very neiis wciit for less than 10s. than late rates There was no change in respect to stores, which were all of very fair qnallt,V’ MARTON. - Messrs Abraham and Williams, Ijtd.. rennrt having varded a good entry ot sheep l and a fair entry of cattle at M»rton on Tuesday. There was a good attendance of buyers, and although bidding was Mow to start, prices realised were quite up "to recent quotations Prices were as follow —Eat wethers. 375. to 38s. b(l., tat lambs,'29s. to 30s. Gd.; ewes r.w. bouthdown ram. to 30s. Gd.; aged ewes, £l, ewe hoggets, 245. 3d. to 31s. Id : wether hog-ets 245. 10d. to 255.: 18-month steers, £5 25.: fat heifers, £7 10s.; forward lieifers, £4.

WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES There were no sales recorded yesterday . at either the morning or afternoon calls; nevertheless, there was plenty of business ■ offering, for there were numerous buyers. Government -stocks and bonds were all in good demand and values showed a farm- / tendency. The 44 per cent, stocks wfre wanted at £9B ss, and the bonds (1938) at £9B 7s. Gd. live per cent. 1.( stocks (1929) were in demand at £9B 17s. 'ind the 5A per cents, at £lOO 10s. Wanganui City 5i per cents. (1945) were ?n demand at par, and New la “ d Brew ’ cries. 10 per cent, stock, at 225. fad. Bank shares were rather quiet with few buyers There were bids of 295. Gd. loi Commercial Bank, £7 4s. tor National Bank of New Zealand cum dividend, -us. 9d for Bank of New Zealand D shares and £l5 for Union Bank. Sellers quoted 014 17s. 9d. for Bank of Australasia, £8 for English, Scottish and AustralnAi Bank and 09s. Od. for Bank of Now Zealtt There was a fair demand for financial shares with no sellers There were buyers of Goldsbrough, Mort. Co. at 9d New Zealand Guarantee Corporation ordinary at Bs. lid. and preference at 21s, New Zealand and River Plate at 295, Wellington Investment at 10s. lid, and Wellington Deposit at 9s. 3d. Christ-/ church Gas were firm at 245. and Wellington Gas at 295. Gd, a rise of sd. National Insurance were steady at 15s. 10(1. Gear Meat were firm at 395, and NewZealand Refrigerating, 10s. paid, at Bs. 4d. There were bids' of 48s. for Huddart Parker ordinary, and 20s. 9d. for preference Wellington 'Woollen were firm, the ordinary at £G ss. 3d. and the preference at £6 7s. Westport Coal were steady at 30s. and Westport Stockton ordinary at 2s.' 9d. and preference at 3s. 3d. There were buyers of Kauri Timber at 195., Leyland O’Brien Timber at 325. 3d.. National Timber at 6s. 6d, New Zealand Breweries at 425. Id, Burns Philp and Co South Sea at 30s, Electrolytic .Zinc ordinary at 31s. 3d. and preference at 325. 9d, Henry Jones Co-op. at 365. 3d, New Zealand Drug at 68s, New Zealand Paper Mills at 15s, Wilson’s Cement at 375. 9d„ Mount Lyeli at 345. Bd, buying and selling, quotations were as under:-

SALES IN OTHER CENTRES By Telegraph.—Press Association. Auckland, July 11. Sales: Borough of Gisborne, 1942, 5i per rent £96 10s.; Canterbury Farmers Coop.; 1935, 64 per cent, £B2; South B rltish insurance, 605.; Auckland Gas (contributing) 17s- 3tl - : Kauri Umber. 195.; Electrolytic Zinc (ordinary), 31s. 3d.; Sanford, Ltd. (pref.), 20s. 3d.' (two sales); Wilson’s Cement, 38s. b • Christchurch, July 11. Sales: National Bank of Australasia (£-> paid), £9 Is. Gd. (two parcels); Bank of New Zealand, 595. 3d.; Union Bank,. £lo IS ; Goldsbrough, Mort, 495. Id. (two parcels)'’ Victoria Nyanza Sugars, 445. 9d., Mahakipawa, 3s. 9d. JuJy u Sales- New Zealand Refrigerating (cent.), Bs. Bd.: Taranaki Oil. 10s. Gd. Salo reported: Bank of New Zealand, 595. 3d.

COMPANY ACTIVITIES

SUN .INSURANCE

\n increase of business in all departments is shown by the report of the Sun Insurance office for 1927, which is the •>lBth year since the foundation of the office In the fire department the net premiums amounted to £2,590,898, as coin,ar,.d with £2,527.078 in the previous ve-ir. Net- losses, including contributions io lire brigades, were £1,199,414, as against i'l i:;i.3lS. nnd a credit balance of £403,745 Ims been transferred to profit and loss account. Net premiums in the personal accident section Increased by £3.-23 to £37 "91. Bosses were £16.274, and a credit balance of £4774 has been transferred tn profit nnd loss. lu the employers' liability account the net premiums wrri’ £ 153.399. as compared with £139,46< : he Claims were £90,727, against. £82,114. ' id a credit balance of £7164 is carrier profit and loss. In the burglary ami 1-eneral account net premiums were £939,soi as compared with £769,107, and the a'lii’ins were £509.677. The credit balance, amounting to £41,015, has been transferred to profit and loss. Tlffi marine account shows net premiums amounting to £370295 as compared with £297,682. Net losses were £265.887, and a credit balance of '£3o 8115 has been transferred to profit ■ oil' loss which shows n balance brought rm-w-ird of £620,692. and this has been Increased to £1,166,106 by the operations of ihe’-car. The dividend declared equals w per share, against 21s. in. 1926. .The funds total .£16,139,720.

" IN BANKRUPTCY i

Henrv Albert Bush, radio dealer, of Masterton,'lias been adjudged a bankrupt on his own petition.—Special Service. STAFF CHANGES Mr. IV. L. Barknian, chief clerk of the Bank of Australasia at Te Arolia, has been appointed manager ot the Matainata branch in place of W L Har forre'd’’(l‘‘vVeT zen, who has been transferred to Wellington. CUSTOMS REVENUE. The Customs reVenue collected at the port of Wellington yesterday totalled £3917. FOREIGN ITEMS CHICAGO WHEAT QUOTATIONS. (Australian Press Assn.—United Service.) Chicago, July 10. Wheat future: July, 1 u l olll } r , 1 3 n l _°ni per bushel: September. 1 dollar 34 i-Bil cents; December, 1 dollar 38J cents. F. AND O. STOCK. (Australian Press Assn.—United Bert ice.) London. July 10. £>. and 0. deferred stock. £240.

N.Z. GOVT. LOANS— £ s. d. £ s. d. 44 p.c. ins. Stk.. 1930 08 u ■—* 44 p.c. ditto, 1038 ... 98 5 0 -—• 54 n.c. ditto, 1930 ... 100 51 p.c. ditto. 1933 ... 10 0 99 7 6 5 p.c. P.O. Ins. Stk., L7 6 - . 44* p.c. Bonds, 1941 .. 98 0 0 —— 44 p.c. ditto, 1939 ... 98 0 — 44 p.c. ditto, 1938 ... 98 7 0 —- 54 p.c. ditto, 1033 ... 100 10 0 •— 54 p.c. ditto: 1930 ... 100 DEBENTURES— .. . 10 0 100 15 0 N.Z. Breweries (stock) 1 6 Ditto (bonds) Wanganui City, 5$ P-e.. .13 0 1945 100 0 0 Wellington City, 54 p.c.. 1932 BANKS— — 100 0 0 14 17 Commercial of Aust. 6 ! ■■ 9 English, Scottish, and 8 12 National of N.Z. ,.... 7 4 0 .—— 2 19 Ditto, long term mortg. 1 a 0 ■ . — Union of Aust Io Ditto (Melbourne re0 0 0 FINANCIAL— Goldsbrough, Mort .. - N.Z. Guarantee Corp. 8 8 9 IL (ord., 8s.) - 0 1 N.Z. and River Plate.. 1 9 0 — Well. Invest., T. & A. 0 10 11 — Well. Deposit & Mortg. 0 9 3 Finance, Ltd. ........ —— GAS—, , 1 4. 0 1 4 6 Ditto (new issue) .... O 11 — Wellington (ord.) ... 1 9 insurance— n 15 10 0 10 1 JIlSAT n pRESERVING— 19 0 N?Z. Refrlgerat. (10s.) 0 8 4 0 8 8 transport— ■ . Iluddart, Parker Xord.) ? 8 0 3 9 0 Ditto (pref.) 1 WOOLLEN—, , 0 9 Wellington (ord.) ... 6 Ditto (pref.) 6 5 7 O XCOAL— 0 Westport-Stockton (ord.) !! Ditto (pref.) 0 3 8 0 14 6 Si o 19 0 — Leyland-O’Brien .... 1 12 National u 0 8 6 1 14 , 0 11 0 0 BREWERIES— 2 1 MISCELLANEOUS— British Tobacco (Aust.), Burns,' Philp, and Co. 2 6 9 Ditto (South Sea) ..... 1 10 0 Electrolytic Zinc (ord.) 1 Ditto (pref.) 1 11 12 3 9 1.13 6 Henry Jones Co-op. . 1 16 3 Howard Smith (ord.) 1 8 0 N.Z. Drug ........... 3 N.Z. Express (ord.) .. 8 0 1 0 0 N.Z. Paper Mills .... 0 15 0 3 6 3 Sbarland & Co. (ord.) —— 1 0 Wellington Cordage . Wilson’s Cement .... 1 17 9 0 17 / 1 18 miningMount' Lyell Waihl 011 8 10 —