Farm and Commercial Section LATEST REPORTS from ALL CENTRES

Dominion, Volume 21, Issue 300, 19 September 1928, Page 14

Farm and Commercial Section LATEST REPORTS from ALL CENTRES

AUCTION SALES TO-DAY. Dominion , Farmers’ Institute, 2 p.m. Sale of property. 29 Hobart Street (Andrews and Roberts). Johnsonville sale. 105 Customhouse Quay, 11 a.m. — of two properties, Adelaide Road (S. Goo. Nathan and Co.) Columba Yards, Mastcrton, 11 a.m.— Stock (W.F.C.A.) 119 Owen Street, Newtown, 2 p.m.—Sate of furniture (Doherty Auctioneering Ltd.) , , . S Upton Terrace, I.3o.—Sale of furniture (Silverstone and Co.) Millar’s Mart, Jackson Street. Petone, 10.30 a.m. —Furniture (Moat and Hicks). . 23 Austin Street. City—Sale of furniture, 1 p.m. 'E. Johnston and Co.) TO-MORROW. Sale farm, Sale Yards. Waere.nga Road, Otaki, 12 noon (Dalgety and Co.) Palmerston North Sulcyards.—Sale pedigree pigs, account J. A. Russell (Dalgety and Co.) , 195 Lambton Quay, 7.30 pan—Residential sites, city (Harcourt and Co. and E. Ballister and Co.) Showgrounds, Claudelands— Jerseys (W. and S. and A. and B.) 39 Lower Cuba Street, 10.30 a.m.—Plant, etc. (E. Johnston and Co.) Otaki sale. .... . Martinborough sale.—Stock, 1 p.m. (Dal,rety and Co. and others.)

A lighted cigarette end lately destroyed four acres of trees in Alice Holt forest in Hampshire. ••Nazoi” will protect you from coughs, colds and influenza. Get a bottle today 1 Is. 6d. for 60 doses. —Advt.

THE PRODUCE MARKETS BUTTER AND CHEESE Amalgamated Dairies Limited report having received the following market cablegram from their London manager, tinder date September 15:—Butter: Our prices unchanged. Market very firm. Danish, Bills, spot, B)ss, f.o.b. Deliveries New Zealand. 81)3 tons, stocks 51(1(1 tons, retail unchanged. Cheese: Unchanged. Canadian, 112/114 spot, 110/112 e.i.f. Retail unchanged. Messrs. A. 11. Turnbull and Co. are in receipt of a cablegram from their principals, Messrs. W. Weddel and Co. Ltd., dated London, September 14, reading as follows (the last week’s quotations are in parentheses) : —Danish butter. 198 s. to 200 s. (190 s. to 1925.); N.Z., unsalted, 1815 s. to 190 s. (18(!s. to 190 s.); N.Z., salted, 182 s. to 184 s (180 s to 1845.). Market firm. New Zealand cheese, white 114 s. (113 s. to 1145.), coloured Ills, to 112 s. (110 s. to 111 s.). Market firm. Canadian cheese, white 112 s. to 114 s. (Ills, to 1125.), coloured 112 s. to 113 s. (110 s. to Ills.). SHIPMENT OF LAMB FROM AUSTRALIA The New Zealand Meat Producers’ Board has received a cablegram from its representative in Australia advising that 14,317 carcasses of lamb were exported from Australia for the fortnight ended September 14. EXPORT OF EGGS SPACE KOK AUCKLAND SHIPMENTS. Dominion Special Service. Auckland, September 18. The difficulty experienced by the Auckland Egg Export Committee in obtaining suitable shipping space for export eggs in order to take advantage of the Government's guarantee of .23 ss. per case of 30 dozen for the London markets, has been overcome by the allotment of space for 1000 cases on the steamer lonic leaving Auckland on October 8 for London. The parlous state of the egg market during the past few months had had a bad effect upon the local industry and with high prices ruling for poultry feed a number of small producers have bad difficulty in making ends meet with eggs at Is, 3d. per dozen. Advice received to-day from the New Zealand Poultry Association through whom all eggs for export are controlled, states that Auckland will be allotted any space required up to 1000 cases. EGG-LAYING COMPETITION MASTERTON CLUB. Dominion Special Service. Mastcrton, September 17. Following are Hie results of the egg-lay-ing competition being conducted at Solway Poultry Farm by the Masterton Poultry Club for the 24th week ended on Saturd!ly: - SINGLES. Weight, Eggs. oz. dr. T’ls.

AMERICAN WHEAT CROPS

SURPLUS OFFSET BY RYE SHORTAGE (Australian Press Association.) Washiugiou, September 17. .Mr. William M. Jardine, United Stales Secretary of Agriculture, declared that American farmers would not be harmed by agricultural surpluses this year, despite the forecasts of record crops. . , He pointed out that, despite tile fact that, tlie United States wheat crop would exceed last year’s by 311,090,000 bushes, and Canada was expected to harvest lie greatest crop in its history, the anticipated surplus would largely lie offset by a short"'"Mr/jardine, however, advised the American farmers that it would be unwise to sell any more wheat at present than was necessary, since wheat is lower han its economic position justifies, an *• selling is certain to injure the farmers interests.” LIVE STOCK SALE feilding. Messrs. Abraham and Williams, Ltd., re-,-iJtI- havin'* yarded a medium entry of al the C “o- W “uoUtiou/ ar ‘.i t'lree entry of very prime cows and heifcame forward, the majority of pens linin'* quitted Quotations:— Fat wethers, on?9d to 3lis. 3d.; fat ewes, 30s. 3d. to 40s - fat hoggets, 28s. to 305.; medium wether hoggets to 265. 5d.; medium m.s. hoireets 295. Id.; prime fat heifers, Lil lil^ B to ’£ls 55.; prime, heavy, fat young heifers’ £ll, £l4 6s to £l5 Ws.; cows ar £i e ios^’to £2 125.; springing heiN Mk,’ £6 7 to £7 5.; yearling Jersey heifers, £4 7s. (>d. to £7 13s. raetihi. Messrs Freeman R. Jackson ond Co., Ltd held their fortnightly stock sale at sale bidding was brisk, hoggets being in good demand, selling on par th recent s“les The whole of the yarding wasi disnnsed of at the following rates .—Sheep. Best wether hoggets, 365.; medium to good, 305.; small wether l*°E g ets. -7s. to 285.; small ewe hoggets, 21s. 7d. to 315.. h f ho”-"ets. 265. Id.; mixed cull hoggets, ■>6s Od. 0 ; light fat wethers, 38s. Id. Cattle. Two-year heifers. £4 4s. to £4 165.; threevear heifers, £6 10s.: two-year steers (rough), £4 18s.; 31-year steers, £9 bulb- £2 2s. 6d. to £4; young empty cows.’ £4 to £5 4s ; empty dairy heifers £5 2s. 6d.; sound dairy cows, ~7 to 10s.; others, £5; unsound ditto, £4 <s. GREYTOWN. Messrs. Dalgety and Co., Ltd., report on the Greytown sale as follows: —A good vardtag of sheep and a small entry of cattle were submitted to a good attendance of buyers. Competition was keen for sheep, while the demand for dairy heifers was on a par with recent sales. Following is tlie range of prices :-Account Estate late L. Herrick: 259 wether hoggets, 28s 7d to 28s. 9d.; 108 do., 265.; 60 ewe hoggets, 245. 6d.; 55 do.. 28s. 6d.; 20 twotooths, 365. Account other vendors: Fat ewes, 365. 3d. to 395.; fat wethers, 365. to 375. 3d.; good springing heifers, £9 10s. to £ll 55.; poorer sorts, £5 10s. HAWKE’S BAY SPRING SHOW Breeders of stud stock and all interested iu the Hawke’s Bay Agricultural and Pastoral Society’s Spring Show, which is to take place on tlie society’s grounds at Tomoana on October 17 and IS, are notified that schedules and full particulars may be obtained from the secretary, A. M. Retemeyer, P.O. Box l-10, Napier. Tlie society have spared no expense in catering for all classes of stock, which, with the railway siding into the grounds, is handled with a minimum of trouble. Special arrangements have been made with the Railway Department for (lie conveyance of stock to ana from the show. In additions to sections for horses, cattle, sheep and pigs, dog and poultry fanciers are well catered for and classes are also included tor fleece wool, needlework, bread, butter, baeon, honey, etc. Entries for live stock close on Saturday, September 29, and all other entries on Wednesday, September 26. WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the afternoon call yesterday sales were reported of National Insurance at 16s. sd’„ and British Tobacco at 445. Government bonds and other deben lures were in firm demand. G « v ej nl "®!!l 51 per cents. (1936) were wanted at £lOl 5s Wellington Gas debentures at £lOO, Wellington Racing Club debentures at £lO6 10s., and New Zealand Breweries 10 ner cent, bonds at 245. f 1 Bank shares were firm, with buyers of English, Scottish and Australian Lank at £8 10s. (id., National Bank of New Zealand at £7 2s...National Bank of_ Australasia £lO paid at £l9 Is., and £o paid at £9 Ils. 6d„ Bank of New South Males at £5l, and Bank of New Zealand at 61s. Commercial Bank were on sale at 30s. Vu., and Union Bank at £l5 Ss. National Mortgage shares were steady at Sis., and New Zealand and River Plate at 31s. New Zealand Guarantee Corporation ordinary were wanted at Bs. Bld. Insurance shares were firm, with buyers of New Zealand Insurance at 44s 3d., Queensland Insurance at 645. 9d., South British Insu rd nee at 625. 9(1., and Stan (lard Insurance at 635. Gisborne Gas were in demand at 9s. (id., Auckland Gas at 225. 10d., and Wellington Gas preference at 17s. Gar Moat shares were steady at 40s. 9d., and Wellington Meat Export at Ils. There were buyers of Huddart-Parker ordinary at 48s. Oil., and preference at 21s. 3d., Wellington Woollen ordinary at £6 lls„ and preference fit £6 12s. (id., estport Coni nt 30s. 3d.. Kauri Timber at 195., and New Zealand Breweries at 525. 3d. Dominion Investments were firm at 225. (ill Newton King preference at 6s. 9d„ Now Zealand Drug at 71s. 6d., New Zealand Farmers’ Fertiliser nt 845.. Wairarapa Farmers’ preference at Ils. (id., Wellington Queen’s Theatre nt 225. 9d„ Wilson’s Cement nt 38s. 9(1., Mount Lyell at 345. 9d„ and Wailii at 12s. 3d. Yesterday’s buying nnd selling quota-

COMPANY ACTIVITIES AUCKLAND CHECKER TAXI COMPANY Dominion Special Service. Auckland, September 17. The annual meeting of the Checker Taxi Company held this morning was well attended, the chairman of directors, Mr. T. A. Low, presiding. In their annual report the directors expressed regret that it was not possible to record a profitable year. Amongst the chief contributing causes was the general trade depression; an important source of trouble had been that many unemployed men willing to accept anything in the way of work that would bring in a few pounds resorted to taxi-cab driving, and not being subject to the labour laws worked extremely long hours for small pay, thereby seriously interfering with the legitimate earnings of a properly organised company. Many of these men were able to hire cars on ridiculous terms and operated them at uneconomical rates. To add to the embarrassment of the year a competitor had cut prices virtually overnight and the company had been compelled to follow suit. However, it was hoped that this rate war would not be of long duration, and it was believed that it. would do much to clear up the personal transportation situation to the ultimate good of the organised companies. A loss on tho year's operations was shown. The balance-sheet shows cabs, plant, and stock valued at £20,680. A shareholder asked if there were no profit and loss account. ffilio chairman said that in view of the present cut-tliroat competition it was not considered wise to give information in a public meeting that might be of use to rivals. Any shareholders calling on the secretary could obtain details as to the company’s operations. After some debate the report and balance sheet were adopted. INTERNATIONAL CO-OPERA-TION Iforty members now compose the International Co-operative Alliance, and at the next executive committee, to be held at Geneva in November, a special report on the operations of trusts and cartels throughout the world will be presented. At the request of the co-operative societies’ representatives, the Economic Organisation of the League of Nations has agreed to consider the subject of the rela tions between the producers and the consumers’ societies in the various countries. The necessity for this is manifest from the way in which the co-operative movement has developed in some of the European States, as well as in parts of the British Empire. The establishment of wheat pools in Canada and Australia by the farmers interested in getting the best price for their produce and the organisation of consumers in such movements as. the eo.-opera-tive societies of Great Britain, which are concerned in securing their goods at the lowest price, are bringing into existence two contrary forces. The reconcilement of these two opposing ideas is obviously a problem of some complexity. GERMAN PROSPERITY An increase of savings bank deposits in six mouths by £63,800,000, and a decrease of unemployment in the same period by 900,000, are evidence of the comfortable prosperity that is again developing in Ger many. Savings in these banks now exceed £300,000.000, all of which has been gathered together iu a few years since stabilisation was achieved, and which, moreover, merely represents the thrift of the poorer classes. A certain stagnation existing at present in industry and commerce is not regarded too seriously, the latest report of the Trade Cycle Research Institute forecasting an early revival. Berlin itself has had a record number of foreign visitors tills summer, who have (it is stated) all been deeply impressed by the flourishing appearance of the capital and by the com-fortably-dressed and well-nourished appearance of the general public. Even tlie demands for a revision of reparation payments seem less insistent than formerly. CUSTOMS REVENUE. The Customs revenue collected at the port of Wellington yesterday totalled £14,695. FOREIGN ITEMS EXCHANGE RATES. (Australian Press Assn.—United Service.) London, September 17. Foreign rates of exchange on September 17. as compared witli par rates, or as averaged first half o£ 1914, are as

THE WHEAT MARKETS. (Australian I’rcaß assn.—United Service.) London, September 17. Wheat: Cargoes steady, in sympathy with better American close; sellers mostly ask 3d. per quarter advance, but buyers make no response. Parcels 3d. dearer; little business. Liverpool futures: October, Bs. 8 7-Bd. per cental; December, os. lid.; March, 9s. Id. (Australian Press Association.) Chicago, September 17. Wheat futures: September, 1 9 cents per bushel; December, 1 dollar lo u-o cents; March, 1 dollar 181 cents. RECORD STOCK EXCHANGE SALES. (Australian Press Association.) New York, September 17. The total Stock Exchange sales for the vear were reported to-day as having passed the 1927 record. To date an aggregate of 575 millions of shares have changed hands. PRICES OF METALS. (Australian Press Association.) (Rec. September 18, 5.45 p.m.) London, September 17. Copper.—Standard, on spot, £63 10s. 71d. per ton; forward delivery, £64 Is. 10JU., electrolytic, £7O ss. and £:0 las.; wire bars, £7O 15s. Lead. £22 and £2l 13s. 9d. Spelter, £24 10s. and A-24 \d. Tin, £213 Bs. 9(1. and £2ll 2s. 6d. Silver.—Standard, 26 l-16d. per ounce; fine, 28 l-Bd. TARANAKI OILFIELDS, LTD. By Telegraph.—Press Association. Gisborne, September 18. Taranaki Oilfields, Ltd., report: Gisborne No. 1 well—Mud circulated to surface, now cleaning out preparatory to resumption of drilling. Gisborne No. t well. Drilled to lG3sft. in sandstone and shale, lOln. diameter casing to 1600 H.

E. J. Wing, W.L., No. 1.. E. W. Tool)}', W.L 6 11 3 .133 7 1.4 8 123 Opalci Stud Farm, W.L... 0 11 10 110 W. Spence, W.L E. A. Tozer, B.O ■— 90 3 5 10 88 G. E. Moody, W.I 4 9 13 87 T. and J. Taylor, W.I 5 11 0 87 Raynor Bros, B.O., No. 1 o 5 10 76 A. Cook, W.L 5 10 14 78 L. A. Wadham, B.O., 6 12 8 79 E. J. Wing, W.L., No. 2.. 6 12 G 76 B. Pimm, B.O 1 1 13 58 Raynor Bros., B.O., No. 2.. 1 2 o 50 II. .1. Pryor, R.I.R 7 14 12 49 II. 15. West, W.I, t) 10 13 49 Raynor Bros., W.L o 11 4 40 09 — 1273 A. A. Iloare, W.L., No. J. .. 6 12 7 82 „ No. 2 .... 6 13 3 106 ” „ No. 3 .... 6 13 8 73 261 Opaki Stud Farm, W.L., No. 1 4 9 4 128 „ „ No. 2 .... 6 12 8 67 „ ,, No. 3 .... 11 2 65 260 A. A. iloare, Il.l.K., No. 1 6 12 7 76 „ „ No. 2 .... 4 8 0 64 „ „ No. 3 .... V 11 5 34 174 C. E. Brock, W.I,., No. 1.. 0 15 2 35 „ „ No. 2 .... 11 10 41 »> »» No. 3 .... u 11 0 94 170 Rev. Blatliwayt, B.O., No. 1 — .— 43 Nn *2. 2 3 13 40 „ No. 2 .... 2 3 13 55 138 II. C. West, W.L.. No. 1 .. ft 11 4 95 X o *2 T 5 10 4 71 n » No. 3 .... 5 11 2 238 TEAMS. 76 — 4877 Dr. Tweed, W.L., No. 1 .. „ No. 2 .... (; 14 12 117 ; > 10 s 116 ,, ,, No. 3 .... 6 12 10 356 F. Taylor, W.L. No. 1.... 6 12 3 130 „ No. 2 .... 6 12 11 .117 „ „ No. 3 .... 5 10 14 107 354 W. Spence, W.L., No. 1 .. 6 13..4 115 „ „ No. 2 .... 6 13 0 102 ,, „ No. 3 .... 11 0 102 330 G. Webb, W.L.. No. 1 .... 4 8 10 61 „ „ No. 2 .... 6 12 4 123 „ „ No. 3 .... 6 11 15 132 316 E. W. Tooby, W.L., No. 1 0 12 0 127 „ „ No. 2 .... 6 11 5 111 „ „ No. 3 .... 4 8 0 95 313 P. Freeman, W.L., No. 1 .. 0 13 8 103 Xo 2 6 13 7 114 „ No. 3 .... 10 0 8 8 305 C. It. Robbins, W.I... No. 1. 11 8 „ , No. 2 .... 4 7 12 100 „ „ No. 3 .... 6 134 289 T. Masters, W.L., N.. 1. .. 6 13 10 113 „ No. - .... „ No. 3 .... K. K. McDonnell. W.L., »> 9 7 81 279 No. .1 (I 12 4 100 „ ,. No. 2 .... ;i 11 12 S’ 1 „ „ No. 3 .... 10 12 97 279 •T. Bradbury. W. 1... No. 1.. 6 13 0 71 \n _ 11 s • IT „ „ No. 3 .... ,1. I>. Rowlands. R.I.R., 6 12 S 110 278 No. 1 9 9 79 N't) ' - .... 7 13 2 103 „ ” „ No. 3 9 0 93 G. Waring. W.L.. No. 1.... 11 12 66 .. No. 2 .... .) ii 8 8-8 »♦ n No. u .... b 12 11 108

tions were as under:— Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. 8. d. •It n.c. Ins. Stk.. 1938 —- 99 .) (1 5J p.c ditto. 1933 ... —- 101 10 0 51 p.c. ditto, 1931! ... 101 0 99 —— 51 p.c. ditto, 1932 ... — 7 G 41 p.c. Bonds, 1938 ... — 6 99 i) 0 51 p.c. ditto, 1933 ... 101 —— 54 p.c ditto. 1936 ... 101 o 0 —— DEBENTURESWellington Gas 100 0 0 — Well. Racing Club .. 106 10 0 —- N.Z. Breweries (bonds) .1 4 0 — BANKS— Commercial of Aust. .10 (ord.) ■— 1 9 English, Scottish, and 19 Australian S 6 —- National of N.Z 0 — National of Australasia 19 reio) 1 0 9 Ditto (1X5) 51 11 f> 12 New South Wales .... 0 0 — New Zealand 3 1 0 15 ——• Union of Aust — 8 0 financialNational Mortgage .. 4 1 0 — N.Z. Guarantee Corp. 10 (ord., 8s.) 0 8 0 9 N.Z. and River Blate.. 1 11 0 —• GA S— Auckland (paid) 1 10 —— Gisborne 0 9 f> — Wellington (pref.) ... insurance— 0 .1" 0 — 16 National 2 —— 0 G New Zealand •1 —— Queensland 3 4 9 —— Soulli British 9 —. Standard l> 3 0 —• MEAT PRESERVING— Gear ...., 0 9 —— Well Meat Exp. lord.) 0 11 0 TRANSPORT8 II mldart-Parker (ord.) 9 — Ditto tpref.) 1 1 «> — WOOLLEN— Wellington (ord.) .... Ditto (pref.) G 11 0 '— 6 12 G —• COAlz— 10 Westport 1 10 o 1 9 Walpa —- 0 .14 0 timber— 19 Kauri 1) 0 1 1 0 National 0 .11 breweriesNew Zea hi nd 12 o 13 Staples and to — 1 19 {Sunsliinn .......... — 0 15 0 '

Al 1SCBLLANEOUS— Burns, Philp, and Co. Dental and Medical - 2 5 0 11 9 0 Dominion Investments 12 6 l> l.C. (ord.) -- ~ 0 1i 0 Howard Smith (ord.) -— 1 7 U N’uwtou King (pref.) 0 6 9 — N.Z. Drug Co 3 11 6 —— N.Z. Farmers’ For4 4 0 i Wairarapa Farmers’ 011 6 — Well. Queen’s Theatre .1 2 9 — Wilson’s Cement .... t 18 9 — MINING— .Mount Lyell 1 11 9 — Wailii 0 12 3 —

follow:— Sept. 17. Sept. 13. Par. Brussels, belgas to 34.90 34.90 £1 35 Paris, francs to 124.20 124.21 £1 124.20 Stockholm, knr. to £1 Oslo, knr. to £1 18.13 18.19 18.13 18.19 18.159 18.159 Copenhagen, knr. to £ 1 18.19 18.19 18.159 Berlin, reichs20.35 20.43 marks to £1 .. 20.36 Home, lire to £1 92.83 92.76 32.46 Calcutta, pence to rupee 18 18 18 Yokohama, pence to yen 22 11-16 22 15-16 24.58 Hong-Kong, pence 24 7-16 24 to dollar 2-19 Montreal, dollars 4.84 7-16 4.866 to £1 4.84} New York, dollars to £1 .. 4.85 3-32 4.8413-16 4.866 12.10 12.107 to £1 12.09} Batavia, florins to £1 Prage, knr. to £1 12.10} 163S 12.11 163 11-16 12.107 24.02